nemo i'm probably just going to wait for the s&p500 to be at 2500$ before i consider buying crypto again. as far as i'm concerned, crypto is entering uncharted waters.
this is not uncharted waters for the s&p500. according to the s&p500, we're repeating the 2001 financial crisis and we won't make the final bottom until end of year 2024.
s&p has not done a single tiny thing to tell us it's bullish yet. s&p says we're repeating the 9/11/2001 crash in spring/summer of 2023. that's why i got so hypey about a world event happening in the coming months. an event similar to 9/11.
ask yourself one question. does the world seem like a 9/11-type event could happen right now? to me? it sure fucking does. if we have a 9/11-type event then markets won't bottom for another year afterwards.
Quoting: Mr Cheese The crypto market is certainly long-term correlated to the equities market, no doubts there, so looking to them as a crypto indicator makes sense.
I'm mostly cashed out of the crypto market since I really don't have trust in the solvency of the market at the moment (it's a question more of return *of* capital rather than return *on* capital).
The small amount I still have in trade is long for now and I'm mostly just looking for signs of when to flip it short.
As I don't trade for any other reason than as a hobby, if it all gets lost, that's a risk I'm OK with.
One of the other telling things I'm going to use as an indicator for an upcoming crash is when Congress finally passes a law that gives them cover to exit the market:
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link to www.zerohedge.com (secure)]
I don't have any particular "premonitions" of a 9/11 type event but I do believe that one will be used to try to manage the next financial crisis.
