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by vehementi 1858 days ago
That was a month ago and it has since diverged, the same youtuber is performing even more mental gymnastics to try to explain the divergence
2 comments

As anyone who was around to see the advent of “crypto TA” c. 2012 can attest, TA in the Bitcoin space started out as quantitative-themed narrative pumping, and it remains so to this very day. Crypto TA chartists self-promote and advertise coins in a furtive attempt to bolster speculation. They can then point to “trading volume” and speculation-fueled transactions to further boost perceptions of credibility — “$X zillion dollars were settled on this blockchain I’m invested in”.
He mentioned pretty early that he bought at 60k. hindsight 20/20 I guess.