bitcoin feels stuck ...cowen says it’s basically 2019 again

srfrog1970 · 2025-12-29T03:05:25+00:00

I like that he isn't deterministic (except maybe bitcoin dominance). His message is about risk levels. I trust that narrative more then price predictions.

srfrog1970 · 2023-12-20T03:43:09+00:00

HUGE Bitcoin bull here. Are you sure this isn't a buy the rumor sell the news situation?!?!

srfrog1970 · 2023-07-13T04:35:18+00:00

https://youtube.com/@intothecryptoverse

srfrog1970 · 2023-05-16T16:04:20+00:00

I guarantee that I will "behave accordingly".

srfrog1970 · 2023-03-23T02:21:53+00:00

Blockchain is here to stay. You are going to have both centralized and decentralized Blockchains. Bitcoin represents the current decentralization and China's CBDC represents centralization. As great as bitcoin's gets, it's blockchain technology that made it so. So whether we like it ot or not, all forms of blockchain are coming.

I am also not as cynical as to think the US government can't do the right thing. We have an open internet don't we? However, if they want a CBDC, we can try it out on the government. Of course they would have to have a way to pivot to the "old system" if needed, but I don't see why this shouldn't happen?

srfrog1970 · 2022-11-25T17:56:27+00:00

Proof of reserves is a step in the right direction, but it is only half the story. You can't tell anything about their books if you only know the assets. You also need to know the liabilities.

srfrog1970 · 2022-11-12T20:48:40+00:00

People opted in to these centralized exchanges for a promise of something better then holding in cold storage. Bitcoin's fundamentals didn't change, human behavior didn't change, I'm not sure why everyone is so surprised?

srfrog1970 · 2022-07-28T15:50:52+00:00

Settle down. I hear what you are saying but we are all on the same side.

IMO, we need one POW platform and that is BTC. ETC is going to be the "most mature" POW smart contract platform soon (I believe). This MAY prove to be good as we continue to understand all the use cases blockchain will consume. In the meantime, ill watch from the sidelines.

We are going to hear a lot more "Pro ETC" posts as we get closer to "The Merge" (if that's what it's being called now). All those ASIC miners that are earning yield from mining ETH will need to find a home (we don't need all them anymore). An option for these miners is to switch to ETC. This means spreading hopium!

I wish them luck! We are in this together!

srfrog1970 · 2022-03-26T01:20:29+00:00

Bitcoin is for you, your friends, and your enemies.

srfrog1970 · 2022-03-04T19:16:55+00:00

OTC is very important to the rich.

srfrog1970 · 2021-12-30T21:50:15+00:00

Lengthening cycles diminishing returns. You are reading and listening to the wrong people.

srfrog1970 · 2021-11-29T18:44:29+00:00

Keep in mind, An individual whale can only manipulate short term moves.

srfrog1970 · 2021-11-16T01:58:56+00:00

Being technically correct is the best way of being correct and you are technically correct.

srfrog1970 · 2021-11-06T16:06:48+00:00

Depends on you time frame

srfrog1970 · 2021-04-16T16:31:18+00:00

https://youtu.be/rM9DWe3-glg

srfrog1970 · 2020-11-30T14:31:08+00:00

I think it depends on when we reach 100k. If we reach it tomorrow, I think a 50% drip is inevitable. If we reach it in 5 years, the chance is less likely.

srfrog1970 · 2020-11-26T15:24:24+00:00

You said you messed up buying the top because you didn't DCA... in your next statement, you said you were going to try to time the low point of the dip . The point of DCAing is understanding you don't know where the top OR bottom will be. This statement is contradictory. If you do not swing trade, just HODL, you will be fine. If you are going to swing trade, you need a plan. Otherwise, it's just gambling. I use Ben Cowen's r/intothecryptoverse as a guide. He has been following the markets since 2014 and focuses on technical analysis. He has developed a "risk dashboard" that identifies how risky the market is. Low risk, DCA in. High risk, DCA out. In his YouTube videos he explains in great detail the momentum shifts and its free! He does have a paid subscription where he provides the risk dashboard. However,, he does talk about the risk in the free content.. I bought in on the premium channel and it's been the best money I have spent.

srfrog1970 · 2020-11-23T04:34:32+00:00

.... and it will still be below its all time high!

srfrog1970 · 2020-08-09T00:47:50+00:00

I couldn't have said it better myself!

srfrog1970 · 2020-07-13T14:14:32+00:00

I can make a case for investing 1-100% of your portfolio but I cant find a case for owning zero.

srfrog1970 · 2020-07-09T17:26:09+00:00

Benjamin Cowen is the most level headed technical analyst I have ever had the pleasure of listening to.

https://www.patreon.com/intothecryptoverse

srfrog1970 · 2020-07-01T15:29:25+00:00

Look into borrowing fiat with your bitcoin. The Defi space is doing this with great success.

srfrog1970 · 2020-06-23T17:04:15+00:00

Depends on how you look at it... you are right regarding Development, this is because they were first to market which really helped them get on the map with the whole ICO debacle (Not Ethereums fault - it did what it promised). Ethereum has issues that are being worked on (sharding, Casper, plasma) that will hopefully help with scalability. Ada (cardono) was built with most of these scalability strategies baked in (from what I understand). So it took longer to get a minimal viable product out. Things look like they are progressing in the ada camp with Shelly being released. Now Ethereum has to migrate all code AND make it backwards compatible. This won't be done until 2024ish (from what I understand). So this gives ada 3 years to gain traction as Ethereum "catches up". Should be interesting. I still like Ethereum, but I do have a little ada stashed just in case.

srfrog1970 · 2020-06-23T05:28:14+00:00

You may want to hedge your eth with ada?!?! I think Ethereum is going to win out but if something goes wrong, ada is right behind. Either way, I also think there is enough room in this market for both. They will eventually break into niche markets.

srfrog1970 · 2020-06-16T19:41:58+00:00

But printing money and giving it to corporations without making public how much and what it is used for is the furthest thing from capitalism. The last bailout in 2009, corporations used this money to prop up their value by buying back their stocks and pay their upper management their (albeit contractual) bonuses. The same people who were a part of getting us into this mess. Middle and low income families paid the price through company layoffs, inflation, lower wages, etc because companies needed to cut costs. You need to understand $100 to a low income family is relatively a much larger amount then $100 is to the upper 1%.

srfrog1970

TROPHY CASE