PTSD Galore

PTSD Galore
Photo by Alex / Unsplash

Q4 2018 seems to be very up-front in mind seeing current price action.... can we make it another 30% down?

musings:

If BTC drop; watch the floors of all others including ETH....meme: does
EIP1559 == ETH @ $1559

Don't also forget now there are many ways to be short BTC - and magical number is approx..150k BTC short interest; its hard to compute this but looking at shorts on bitfinex and other exchanges + all $ going into non-BTC; if we hit such a level we may get a nice short squeeze.

Moreover, MTGOX. Sitting on hands waiting for that magical news cycle to begin to allude that more supply will come on market. I am for now thinking we will see such scare stories around mid-Q4 which is bound to trigger a move.

musings:

Oldies of that time I speak to are not sellers; feel it might go into yield chasing via blockfi, celsius, gemini, swissborg, nexo or myriad of others in deFi space. Additonally, Fortress holds about 10% of claim and more/less similar size of claims are held by few others.