Crypto Craig Profile picture
I made this account to talk about my random thoughts about crypto currencies. I am also a software engineer.
Aug 6, 2019 11 tweets 3 min read
1/ Any time a bunch of prominent “experts” in their field (in this case former Federal Reserve chairs) get together to push a cause in the mainstream media it should raise a million red flags. You can pretty much be certain that it is NOT in the best interests of the people. 2/ The reason is simple. If this was something that served the interests of the people then they wouldn’t need to try so hard to convince people of it. “Well if four former Federal Reserve chairs say it then it must be true!”.
Jul 22, 2019 12 tweets 4 min read
1/ It is amazing how overwhelmingly bearish everyone is about the $BTC market right now considering we haven’t even dropped below $10k.

I’m not saying it won‘t happen, but I still don’t think we are anywhere close to the top as I explained here.

2/ In my opinion we are in a re-accumulation area that began after we were rejected at the 0.618 fibonacci retracement at $13.8k. I have seen a lot of calls for $8k or lower. I just don’t see it happening. The market is not supposed to be that easy.

Jul 19, 2019 20 tweets 7 min read
1/ Thread about altcoins vs. #Bitcoin

I don’t believe Ethereum will ever trade above its current all time high vs. Bitcoin (0.15).

You can substitute any altcoin for Ethereum and I believe this will still be true. 2/ This doesn’t mean alts are dead or that they will never pump again from the current levels. If you buy and sell at the right times you can still make great returns. I just think the 2017 market was an anomaly.
Jun 23, 2019 11 tweets 4 min read
1/ Thread - No retail interest. Bitcoin sucker’s rally?

I have noticed some people suggesting that this $BTC rally is fake because retail investors are not actively participating, and as a result it will crash and burn hard.

#Bitcoin 2/ Here is a Google trends chart posted by @zerohedge. You can see clearly that even though the price is at the same level as it was during the beginning of the last frenzy, no one is searching about Bitcoin.
Apr 10, 2019 7 tweets 2 min read
1. This is the view of much of the population. Nothing will ever coincince them otherwise after the media and economists have spent years pounding this narrative into their heads. 2. Sound money that cannot be debased by wealthy elites, bankers, oligarchs, and politicians or printed out of nothing to serve their interests is perhaps the greatest invention of our time.
Nov 6, 2018 4 tweets 2 min read
Another super dishonest study. Using the metric “energy to mine one dollar’s worth” is very dishonest because it depends on the current market price of the asset. They conveniently used 2018 data for Bitcoin, but 2017 for precious metals to fit their predetermined FUD narrative. If you look back at December, Bitcoin’s difficulty was actually about 1/4 of what it is now according to blockchain.com/charts/difficu…. Also the price was 3x as much. Since the block reward has not changed we can calculate the estimated energy usage last year to mine one dollar’s worth
Jun 14, 2018 20 tweets 6 min read
1. Bitcoin has been getting attacked a lot lately and the attacks show no signs of slowing down. Despite what the media will have you believe, there has been a ton of manipulation to the downside. 2. I believe that big players are trying to drive the public out and make them lose all faith in Bitcoin so they can accumulate a large percent of the supply and keep it suppressed for years to come. So far this strategy seems to be working.