#NIFTYIT
The LH-LL structure indicates that the trajectory towards point D is still intact. https://t.co/Ew6eH6p5LE
#NIFTYIT
— Gurleen (@GurleenKaur_19) March 7, 2022
Below the level of 33953.90; Might head towards Point D. #StockMarket #Harmonics pic.twitter.com/EosyM4uBFZ
More from Gurleen
#BAJFINANCE Update
Once again Above 6342.80; ATH 📍 6477.45
View intact- Sustenance above 6342.80 for the upcoming sessions would trigger new highs towards the channel top.
#StockMarket #StocksToWatch https://t.co/wNH5bJ8oi2
Once again Above 6342.80; ATH 📍 6477.45
View intact- Sustenance above 6342.80 for the upcoming sessions would trigger new highs towards the channel top.
#StockMarket #StocksToWatch https://t.co/wNH5bJ8oi2
#BAJFINANCE
— Gurleen (@GurleenKaur_19) July 29, 2021
Breaking past the previous ATH;
Sustenance above 6342.80 would bring in new highs towards the channel top. #StockMarket #StockToWatch pic.twitter.com/ID8Q3QdFEf
More from Cnxit
Couldn't capitalise the initial move. Only few trades even though I was pretty sure about it. That's trading for you my dear friends 😅
#CNXIT
#CNXIT
Almost there. Be prepared to see 33k again in Nifty IT. Only for swing trades, no investment here. #CNXIT https://t.co/RMAsQweoFY pic.twitter.com/BmKD7g6Q8i
— Aakash Gangwar (@akashgngwr823) May 25, 2022
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So the cryptocurrency industry has basically two products, one which is relatively benign and doesn't have product market fit, and one which is malignant and does. The industry has a weird superposition of understanding this fact and (strategically?) not understanding it.
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.