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Aylo
@alpha_pls
Internet money games.
Joined October 2021
3K Following    135.3K Followers
The hack (especially one that is covered easily) is kind of run of the mill at this point for crypto natives. Less traumatic than several other previous bad events, and even maybe long term positive as another event that reduces Binance market share and influence, as people move their trading elsewhere (HL) after two horrific events in 12 months. It's a short term confidence issue that will be solved quickly with good pa, or slowly with bad pa/chop (more likely). People do have very short attention spans, and will move on though (such is the world). We are like peak uncertainty with almost everything right now (ai trade, mid terms, war/oil). These are all known issues, but are combining for additional impact at our usual cyclical weak period. Good crypto will go up again once a bit more time has passed. We face less headwinds than large cap equities in 2027. Downside for good alts after the pullback seems limited barring any new unknown catastrophe, with the upside better than big tech equities with so much future growth already priced in. Allocating before others feel like it’s safe to allocate is always the right move as long as you can get off the 4H charts. I would like to see Bitcoin’s 50W MA continue to hold as that would give me confidence that my timing is correct and we don’t have to suffer a much longer period of down/chop.
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