Empire Is The Bottom In For Alts? | 1000x
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Dec 23, 2024 This week, the conversation dives into the recent cryptocurrency market dump and the implications of the Federal Reserve's policies. The hosts discuss the potential for a U.S. strategic Bitcoin reserve and the evolving dynamics of altcoin trading. They explore the advantages of decentralized exchanges like Hyperliquid and the future of on-chain trading. AI's role in financial interactions also takes center stage, with discussions about enhancing trading assistant agents and the potential for machine-to-machine transactions. Get ready for insights and strategies in a changing landscape!
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Saylor's Impact on BTC and Alts
- Michael Saylor's Bitcoin buying spree heavily influenced its price, pushing it above $100k.
- With Saylor's buying paused, altcoins are expected to gain, especially given the seasonality.
Dip Buying Strategy
- Buy during market dips, even during volatility.
- The current pullback is normal for a bull market.
December Illiquidity
- December is an illiquid month in all markets, not just crypto, with big players protecting profits.
- This illiquidity exacerbates momentum-driven moves.