We visited 63k first sadly

Any reason why?

not sure accurate? FB source

1. Not knee jerk because the next opportunity for them to reduce the rates is Sept 18. Everyone knows they won't reduce rates in their summer July meetings and they have left things a little late now that might end up with a hard landing in Sept instead of a soft one. Now instead of a chance of 25 basis points has gone up to 50 basis points.

2. Employment rate has been the worse since Feb 2021. So it is bad. Not sure how you see it as not bad. It's not that it missed estimates, it's also lowest since Feb 2021.

All these together with the double whammy of Japanese Rate hike (which started early due to a leak) and more unrest in middle east (next 24 hours to watch if any of their intel is true) just makes the ideal conditions for everything red.

No, the market is reacting to what didn't happen in July and there is going to be a lot more suffering they have to sit through 2 months of potentially bad data before the Fed can react in Sept.

The NFP is still the most important data so no, it's never a debatable stat when it comes to the market. They are not interested in how many people are employed. They are more interested in the health of companies providing employment which affects the market sentiment.

the bounce frm 50k was swift  . almost 8% back up now. missed opportunity! FUCK ! ! 

i managed to jump in @ 53k. partial deployment  .

wow!! u r a genius ! !  really back to 65k ! !  thanks masta shi foo 

Kena dump dy

Bad jobs report again this mth. BTC dumping 

It's actually kinda sad, when in the early days, klipto was promoted as a new asset class, supposedly decoupled from the more

mainstream instruments.

Nowadays, the mkt moves pretty much in tandem. All are affected.

Back in my forex days, used to watch NFP fridays like a hawk. Can't escape this even for kliptos. Even CPI moves it now.

gashout any amount that u can sleep well with even if drop 50%

i sold all in mid-april and haven't gone in yet

My interpretation is that it's very much locked vs USD now   .  In trading parlance, high correlation.

Similar to other instruments. e.g. precious metals vs USD, stocks vs USD, so on & so forth.

In the initial phase, klipto was promoted as a very distinct & separate asset class, that would not be affected much by fiat fluctuations.

But to keep things simpler for those of us in the kliptosfera, 1 BTC will always = 1 BTC  . But then, you already know that.

IMHO, lets not look at it as a fixed amount to own, but rather frm another angle : buy when you think it's low enough & sell a bit when you think price is favorable.

Sadly, yes, it has become another speculative tool. Good news though, you're still not too late to the game. 

You can still profit, but just not 50x, 100x or 200x anymore.Those days are long gone.

That's because until today bitcoin and other crypto are so called "imaginary" tokens. It only exits in digital without any physical items to back up the value. If one day, people decided it has zero value, then it has zero value. Unlike gold or equity where it is ties to physical items or companies.

Now all waiting for the top to sell 🤣
Gonna be extremely volatile

82k now wow

don't understand this. which bank not accepting cash? payment digital via QR? that basically cash transfer method

Still at 87k. Trump effect has waned off

Holy cow. Omg . 92k & keeps going up. 100k looks pretty possible now.

96k

100k is near, no longer wishful thinking