ChiefMacro

Ethereum Selloff - ETH Short Update

Short
BITSTAMP:ETHUSD   Ethereum
It is truly amazing how many "experts" and soy-boys are still out there pumping cryptocurrency like it some kind of "new" thing or some future currency...... Honestly as I type, I don't even know what kind of half baked, deranged middle class white male fantasy ideas are floating around out there. Adoption, the debt clock, yellowstone, mass adoption, the fed, trump, laser eyes. They're all the same.

Here's the deal: Cryptocurrency is weak (bitcoin, ethereum, doggy, ripple, doodles, all of it). "Staking your interest" is worthless. And in a volatile environment, a highly speculative $2T+ bubble is a really dangerous place to be.


Good luck.

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