undefined Speaker A
Dan, I have been asking folks, what is the catalyst for issues to flip round? But when what you are saying is follows the final mannequin, it is virtually prefer it would not essentially be a optimistic catalyst, it could be a unfavourable type of like that final capitulation catalyst.
undefined Dan
Yeah. Proper. We want Appropriate. Appropriate.
undefined Speaker A
What are the what what may very well be that catalyst?
undefined Dan
So, you realize, some folks thought uh FTX. Uh, perhaps there’s one other comparable kind of factor on the market.
undefined Speaker A
Like there is a blow up ready within the wings someplace.
undefined Dan
Yeah, like, you realize, most individuals have stated that the acceleration down actually began after October tenth. You understand, October tenth there was a flash crash.
undefined Dan
And we’re we have had flash crashes within the conventional markets. I used to be within the hedge fund enterprise within the outdated world for 25 years. I noticed many flash crashes. They’re regular.
undefined Dan
And in crypto, you’ve got have flash crashes on a regular basis. It used to be, I do not know in case you keep in mind however in 2016, 17, 18, Coinbase would go down and folks would say, oh, Coinbase is down and you’ll have a flash crash.
undefined Speaker A
Sure.
undefined Dan
And so we had a really extreme second on October tenth that’s but to be type of resolved. The one that was perhaps compelled to liquidate, uh or the entity that was compelled to liquidate, uh it appears continues to be, uh, continues to be liquidating. Perhaps there may be an entity, perhaps there is not. We do not know, however I feel um there has to be type of a capitulative second, a second of realization the place folks say, oh my goodness,
undefined Dan
it is over. And we have already been seeing that, oh Bitcoin’s going to zero. Somebody requested me the opposite day at dinner whether or not Bitcoin was going to zero. Um, so it is type of unlucky, however that is type of the way in which markets work. And sadly with this particular crypto blockchain market, you’ve a whole lot of people, a whole lot of retail of non-professional investor.
