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SaladPingers

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7 May, 4 tweets, 2 min read

That was close 😯

What would you do?

#doge

The answer was #hodl #doge

Hit a bunch more asks at the top, then got stopped out. Could re-enter here if I was a lunatic, but I'mma take that $400 as a nice little daytrade, and go to a show.

#Doge can hit $1 now. I don't care 🤷

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More from @saladpingers

SaladPingers

@saladpingers

10 May

Exponential Growth: a short thread with pictures
1/n

Physicist Albert Allen Bartlett said, referring to overpopulation, "The greatest shortcoming of the human race is our inability to understand the exponential function."

It's also the shortcoming of a #crypto trader atm.

2/n
So we all saw $ETC's face melting run recently. Look at this disgusting chart. Obviously #cryptocurrencies are all scams, and nothing means anything anymore right?
#ETC #ETCUSD

3/n
But have a look at it on Log scale. Log is an exponential scale (same distance between 1 and 10 as it is between 10 and 100).

If crypto follows an adoption cycle, follows Metcalfe's law, then we should expect exponential growth.

This chart looks normal, right?

Read 10 tweets

SaladPingers

@saladpingers

9 May

1/n
I reckon we've got a few months left of this cycle. I believe it's going to top out around September. Based on Stock to Flow. Whether Stock to Flow is correct or not, it is a meme, so will be manifested by traders who are setting bids/asks based on it, etc.

2/n
I think in the nearterm, a rising tide can lift all boats. BTC can keep rising. That means hodlers and good traders have profits to deploy to alts. It also means more and more normies enter and go, "Oh BTC is way too expensive now. What's cheap?". That can drive alts up too.

3/n
I also think alts can have big drawbacks and the setups would still be in tact/healthy. ETC was vertical. I don't know if the others will be. Here's LTC making its way up. It's messy, but see the red highlighter over those retracements? The alts could do this while BTC flies.

Read 6 tweets

SaladPingers

@saladpingers

7 May

https://twitter.com/saladpingers/status/1387591165910814722

Who else was looking at $etc before it broke 2017 ATHs?

Give me a retweet and a follow if you'd be so kind, so I can share my charts and thoughts with more people :)

#etc #altseason #btc #trading