Naal [he/him]

  • 4 Posts
  • 126 Comments
Joined 4 years ago
cake
Cake day: September 21st, 2020

help-circle

  • not that anyone here needs a reminder, but all of these BLATANTLY illegal and unconstitutional executive orders going into effect ANYWAY show YET AGAIN that Biden and the Dems were unwilling and incapable to do anything that actually matters

    Oh, the Supreme Court would have overturned Biden’s executive orders? Then make them do it. You can hold it up in lower courts for YEARS until then. Oh, the lower court judge won’t rule your way? Fire them and get a different judge. Fight dirty with these demons. Literally LOCK them out of congress and order federal agents to keep them out. Inform John Roberts that he’s retired effective immediately, take his robes and don’t let him into the chambers. THE RULES DON’T MATTER, THEY’RE ONLY THEIR FOR PEOPLE WHO FETISHIZE RULES


  • short answer: yes a lot of the top performers in crypto this cycle are AI projects (fartcoin, ai16z, virtuals, aixbt) which have been going up for the last 4 months.

    long answer: crypto prices have been going up since late 2022. The higher the prices get, the higher the volatility. People are so deep in profit that mentally they start looking for reasons to sell. So any bad news, which would be shrugged off on the way up, becomes the final catalyst for them to sell. So really, the price is volatile because it’s so high, not because of any specific news event. This same principle can be applied to Nvidia.

    Also here’s the correlation between bitcoin and the NASDAQ:

    If they were correlated 1:1, it would be a flat line. But bitcoin actually tremendously outperforms, at least since 2020.