Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!)
Russ Meyers made schlocky exploitative moves back in the 1970s.
But he had an eye for talent!
Kitten Navidad, Uschi Digard, Raven De La Croix, and the late, great Candy Samples were amongst the starlets made famous in that era.
Any one of them had TWO titillating talents!
Their smiles and sweet demeanors!
They put the fun in funbags with their massive milkers on dazzling display…
Publsh0x Prude: You’re going to get us fired! I did an internet search on those women at work!
Panda: Well, whose fault is that?!?
Publsh0x Prude: You’re just pandering to the immature in your audience…
Panda: Pandering AND puerile!
Publsh0x Prude: It should be your duty to report on crypto current events!
Panda: You expect me to expound on exahash rates? I need to appeal to the lowest common denominator!
Publsh0x Prude: I demand that you stop with the infantile jokes otherwise I’ll report you!
Panda: Aha! So you’re one of those weirdos that downvotes my posts!
I worked really HARD to find the perfect photo for that thumbnail!
Then I create prose to sing the virtues of those delightful duo!
If you happen to resemble any of the aforementioned lovely ladies I wouldn’t decline a reacharound.
If that’s too much, don’t you think ol’ Panda deserves at least a tip?
If my audience enjoys cleavage and crypto, I’m going to deliver!
Troll’s Granny: Back in my day I was hot stuff myself!
Panda: But that was 50 years and 50 pounds ago!
Troll’s Granny: HOW DARE YOU! Just for that I’m raising your rent next month!
Troll: HAHA! Panda has a big mouth and it got him in trouble!
Panda: I’m sorry, I didn’t mean it! How can I make it up to you?!?
Troll’s Granny: Put on this Dentist costume.
Panda: What for?
Troll’s Granny: <Hikes up dress> I want to make an appointment for a drilling and a filling…
Panda & Troll: AAGH!
Like any other trading market, people like nice round numbers.
Troll: BUUUUUT Panda Why!?!
It’s natural and it’s easier.
Look, since the inception of trading markets, cretins and dullards have littered the landscape.
Do you honestly think they possess high level mathematical ability?
Let’s take a look back at 2020-2021. All these Bitcoin “analysts” were predicting $100,000 price per Bitcoin. Metcalfe’s law this and Stock to Flow that.
It didn’t even hit $90,000.
Not even $80,000
It ALMOST touched $70,000.
AND that was with the money printer turned on!
As of this writing Bitcoin is struggling to recapture $30,000.
Prices like to meander around those nice ROUND numbers!
Maybe some traders have started to take some short term profits while it’s there. It could be Bitcoin Miners dumping SOME Bitcoin for fiat to upgrade their overall hash rate capabilities.
OR
The degens are back and they rotating back into $#!+coins again.
Sigh…
No matter the reason, people just like putting their buy/ sell orders at nice ROUND numbers.
My hope would be for Bitcoin to at LEAST make it to $35,000 by the end of Q2 2023.
From Bitcoin inception to the prior all time high the Fibonacci 50% retracement level is roughly $35,000 There might be some clever traders that will put their orders in at $34,245 and 27 cents.
But that’s not normal for the vast majority of traders.
People like to ROUND up or ROUND down.
My hope is that Bitcoin will break out after the $70,000 and maybe Ethereum will follow with a breach of the $5,000 later this year.
Of course hopes mean nothing in this market, but it is nice to daydream of better times.
Thanks for the mammeries, …um I mean memories!
Obviously none of this is formal financial or tax advice. You need to find qualified professionals in your jurisdiction.
Be sharp, stay hungry let’s get that money!
