Music - with a tad crypto musing thrown in
Scorching hot day here ..... again. I have not experienced a drop of rain in the entire 6 weeks we have been back.
Crypto stagnating after showing a lot of promise.... methinks the involvement of institutional players is going to stymy us retail peeps.... thoughts?
So the latest craze on the crypto front is AIRDROP farming... I am distinctly uncomfortable with this idea. All kinds of cr@ppy projects and downright scamsters being given access to your wallet in the hope of an airdrop which in the most cases will be worth nothing.... or the tokens are only tradable on some obscure DEX on a chain which is hardly supported or has no liquidity. {sigh}
So I was in the mood for some Lenny and really loud Motorhead .... so diverted myself with some old mellow female vocalists ....
The inimitable Linda Ronstadt
A last one for today and I cannot ever resist having my little pocket dynamo featured when doing female vocals.... man, this must be one of the best tracks she ever recorded ... the saxophone is sublime... and JJ just rips her vocals !!! {goosebumps}
Janis Joplin - One Night Stand
Thanks for stopping by .... how about sharing some of your fave female artists in the comments section?
Do you have a wet season?
As per usual I have no idea what's happening in the broader world of crypto. I do think that the "retail peeps" in general need a really big thought process adjust though.
Winter our wet season .... but when we have four or five days hectic heat we usually have a thunderstorm or two..... the temperatures here are in the late 30 degrees C for weeks now and not a storm in sight.
And you are so right about the 'thought process adjustment' ....
You are well, YES???
Yep doing well. Recently returned from visiting my parents and sibling dearest and we're prepping to head full swing back into term next week. I don't know if I'm ready XD
All the best with the new term .... and of course have a great 2024.
Thanks :) How's yours shaping up?
what? music over crypto? pffff 😆
uhm institutionals and crypto. have no idea but I think the narrative is that the institutionals take their time after the US BTC ETFs floated to market. and I also think retailers aren't too active yet. not following our main news on TV, but when such main news is shouting about BTC and crypto tons of time, we are in bull run in which most retailers are active and about to lose tons of money. I don't think we are there. We need the halving + more than a handful of months before they wake up. I suspect plenty of them got rekt a few years ago. And they get rekt again in a year or 1.5 from now...unless recession kicks in, if it kicks in. That said, my crystal ball never liked me, making the outcome 100% uncertain.
Love the Joplin share 🥰
ETF sourced OTC so no benefit to the market.... JP, Blackrock, Vanguard can wash trade between themselves day in and day out at low prices until they have sucked up all liquidity. Retail will give up long before they get bored !!
Not sure what you're trying to say.
Sure the ETFs will find their ways to get to BTC. The rule is that they have to settle by the end of the day, as far as I know. That seems to be part of the rules.
Essentially I think we are at the start of a bullrun, the normal 4 year cycle.
Somehow I do believe Alts will behave differently this cycle. I do think Alts will lift itself with BTC lifting itself. Coming weeks/month(s) perhaps BTC is going down a bit further, but I see this more as sideways action with a relatively large amplitude.
Retail will always be rekt. I mean, the retail that isn't active yet, those that aren't too familiar with the dynamics of crypto, those who chase runups and go in/out all the time. Those who think they can make themselves rich quickly. Those who aren't too interested in investing. Those who don't have the patience and run when a token goes down 20/30%.
I am implying that , like Gold, BTC will be controlled and manipulated by the large institutions. Maybe not in the short or medium term.... but folks calling for $1 Million by 2030-2035 are incorrect.
If BTC gets anywhere near $200k I will exit my very small BTC position
ahhh ok ... let's see what the market / institutional will do. as you know, BTC has a finite supply and when institutionals like to put massive amounts of funds into BTC, the value must be set to some higher number. that said, I don't think BTC will survive the length of time. sure, it'll be around coming decades, but it'll not be the mother of all chains anymore at some point in time. that fact may cause BTC never to reach 1M$ or whatever massive high-value peeps may like BTC to get to.
My BTC position is next to nothing, just have some from back in the days I didn't touch. a kinda of collector thing more than anything else.