Rabbit Hole Recap - Bull vs Bear Edition
@MartyBent and I got @MustStopMurad into the studio this week to give you his short term bear thesis. We ended up betting a steak.https://anchor.fm/tales-from-the-crypt/episodes/Rabbit-Hole-Recap-Week-of-2018-10-08-Bull-v--Bear-e2c1ai …
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Out of curiosity, where do you guys stand here? O/U $6625 on Jan 1st, 2019.
5 replies 3 retweets 4 likesShow this thread -
Replying to @matt_odell
^The way markets work is they need to punish as many people as possible
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Replying to @MustStopMurad @matt_odell
So in your opinion Goldman Sachs squeezing almost 700billion dollars out of the market from retail investors culminating in suicides, cuts to jobs across companies like coinfloor, Dead ICOs and a complete exit from the market both buyers and sellers isn't enough punishment yet?
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Yep needs more punishment. Punishment to whom exactly Murad Altcoins down 90-98%. Leave the market analysis to people who understand markets deeply ie - me.
2 replies 0 retweets 7 likes -
Replying to @TraderScarface @matt_odell
Altcoins are still way too overvalued. WTF!
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Replying to @MustStopMurad @matt_odell
Sure, Doesn't mean they are now completely correlated with the market. Bitcoin can be totally bottomed and they go the other direction to death, hopefully. The theory that the bottom isn't in because alt coins aren't dead yet is flawed. Think about it.
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Replying to @TraderScarface @matt_odell
obviously that's not the only reason, just a tangential one. Most of my thinking around 1 more leg down for BTC have little to do with alts.pic.twitter.com/m3PyFetv0x
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haven't listened to the podcast yet, at what price is your bearish thesis invalided?
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