Lark Davis shared: Bitcoin has pumped 18% today! This is awesome!
Community Response: This is like clockwork.
No, my friend, it isn’t. People are being killed and the “war pump” isn’t something you should call awesome. I am having my profits on it too but far from having orgasm about in current situation.
Not a war Pump. It’s simply TA. Simple support and resistance levels. The news and events are the most overrated part of trading crypto. It’s pure TA IMO. Ok, like 95% TA and 5% events.
There is no such thing as pure TA, the market is trust and events. Low-interest rates are events, etc. TA is astrology and tea leaf reading, Eg. Looking for patterns, something humans are good at. Seeing patterns and adjusting patterns to new outcomes. That is all.
Crypto is not moving on interest rates. It’s not moving on events and news. It’s moving on. Human psychology. This is easily seen using a chart. Crypto has no fundamentals. No profits. No losses. No company. No SEC filings to go over.
Interest rates and events/news ARE human psychology.
You meant humans react to those psychologically yes? Yeah, but in the case of Crypto. Interest rates had nothing to do with anything BTC has done. BTC simply hit a resistance point and was highly overbought at 69k. Needed to find a bottom. Interest rates didn’t affect this.
Here I’ll explain it this way. If you can explain to me. What news and events caused us to bounce at 34k on 1/22 and then come and retest that price perfectly on 2/24? I’ll give you a Twitter cookie…
It’s awesome…I’m starting to question my ability as a trader. I ended up selling the very bottom of our last downtrend because of the danger of a head and shoulders pattern that didn’t play out. I also can’t for the life of me understand where all this pump is from.
Just buy and never sell. Inflation will make bitcoins price go up, not down!
At the end of the year, I would’ve liked to cash out for moving purposes. There was no guarantee it would move up within the year, especially with rate hikes. Buy and never sell only works if you’ll never need the money lol.
The Russian people are not the enemy. Putin is. The Russian people are putting their hard-earned money into crypto because their national currency is tanking. We shouldn’t allow crypto to be framed as bad because of this.
People are now starting to understand the real value of the decentralized currency. Biden will surely ban it at any moment now.
Russians getting rid of the ruble I hope whales will dump it once it reaches 60k or so.
They can swap to stables, dumping is only bad for investors. BTC should never dump.
The entire Russian world is buying BTC. And as the Ruble falls, everyone can see the one int’l currency not yielding to global terrorism and that is BTC! Any tyrant and bad political leadership can destroy a national currency. Not so with BTC. This is a game-changer in many ways.
The elites of the world watching what happened in Canada, Ukraine, and Russia, have realized that they need to have some of their wealth in Bitcoin. It’s the only thing they cannot be seized by governments or taken at the border crossing, or airport checkpoints.
What happened in Canada? Yes, game-changer for BTC to be banned by the west. Great game changer.
Steven is a technology-focused writer with a strong interest in emerging digital trends and innovation. With experience spanning both travel and online projects, he brings a global perspective to his reporting and analysis. His work reflects a practical understanding of how technology, markets, and digital platforms intersect, offering readers clear insights into developments shaping the modern tech and crypto landscape.
Get the latest Crypto & Blockchain News in your inbox.
