305 sats \ 4 replies \ @grayruby 6 Nov 2023 \ on: Bitcoin Prediction Market bitcoin
Considering shitcoins are rallying right now I am going to say 31,500
Two votes for a price decline
At some point all this new money printing has to lead to a price increase.
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Yes but when I see eth ripping and even crazier xrp and other shitcoins ripping I just assume we are due for a sizeable pullback to wash out the undue silliness. I don't really care either way to be honest. Actually a pullback would be nice, I have been struggling lately to stay on pace to meet my year end stacking goals. Good thing I front loaded a lot of it early in the year.
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Interesting. I don't pay any attention to the altcoins. Are people just yield chasing as conventional investments lag?
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Just the regular crypto traders with broken paradigms who believe because bitcoin rallied all the other coins must go up as well. So they put on a ton of leverage and try to chase gains in the altcoins. It's the most fiat, highest time preference thing one can do but it some ways I don't blame them as pushing further and further out the risk curve is an imbedded incentive of the current system.
I am not a fan of Pomp but I did listen to his episode with Lyn and she talked about this as well.
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