Crypto trading

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DEEZEDBRAH

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I think that this is a trap. Alternatively, it could be legit. If whales know the fed is raising a mediocre 50 points but at 9.1% inflation, I'm expecting 100 at least. I'd expect the market to reflect that. It's incredibly difficult to understand wtf is going on. I regret not deploying more but I also think we retest prior lows IF not lower.

Ironically enough, I had thought we were breaking 100k usd last year before Christmas. I was wrong.

I have no idea wtf is going on. I'd expect the market to dip next weekend. More DCAing going forward. If we crash or any new lows, I'm going to ape in hard.
 

DEEZEDBRAH

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Get ready folks I think we are going to see a surge within the next 3-4 weeks
You could be correct but with the FED, with the next shoe to drop, Mt Gox, and whatever else is a surprise waiting, I'm skeptical. I think you could be correct but great for the short term.

Even acquiring btc now is a W compared to a few months ago.
 

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DEEZEDBRAH

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Yeah most likely but I think we are going to bottom out around 10-12K
Seriously? I expected a full 1% raise. Wrong. I thought 100k btc usd. Wrong. I feel like George Costanza. Do the opposite.

I suspect were going lower BUT I've been wrong more than I can count. I dca and I ape in on the dip. The only thing that I suspect a huge crash is regulations and the next shoe to drop. Another Luna like scenario. Tomorrow's CPI numbers.

In the short, a 2x on eth. Maybe if you pick the right alt. Way too much dry powder. Playing the waiting game. I expect a pull back tomorrow.
 

DEEZEDBRAH

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Curious if anybody evaluated the actual value of btc? Not the high which was a lot of free money but it's actual intrinsic value?
 

Reyaj

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Alright wtf is the deal with this.. it keeps moving up and down but hasn't made significant gains in a long time...

What happened last year where it seemed like an inevitable climber to now where it's as uncertain as ever??
 

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Alright wtf is the deal with this.. it keeps moving up and down but hasn't made significant gains in a long time...

What happened last year where it seemed like an inevitable climber to now where it's as uncertain as ever??
War and inflation.
 

Bingo-Player

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Alright wtf is the deal with this.. it keeps moving up and down but hasn't made significant gains in a long time...

What happened last year where it seemed like an inevitable climber to now where it's as uncertain as ever??

It has zero tangible value so for the
vast majority of crypto "tokens" to be worth anything the market needs a very healthy economy with a lot of positive sentiment or FOMO

Unfortunately now the global economy is nearing total collapse and sentiment for speculative tech projects that produce no tangible value is non existent the bottom has fallen out of the market

Remember last year they were saying Bitcoin was going to be the safest hedge against inflation there was a lot of if's but's and maybe's

Now a year later we know it is definitely not a hedge against inflation and operates more akin to a startup tech stock
 

Reyaj

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It has zero tangible value so for the
vast majority of crypto "tokens" to be worth anything the market needs a very healthy economy with a lot of positive sentiment or FOMO

Unfortunately now the global economy is nearing total collapse and sentiment for speculative tech projects that produce no tangible value is non existent the bottom has fallen out of the market

Remember last year they were saying Bitcoin was going to be the safest hedge against inflation there was a lot of if's but's and maybe's

Now a year later we know it is definitely not a hedge against inflation and operates more akin to a startup tech stock
Do you think it has a future when the economy rebounds?
 

AAAgent

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Do you think it has a future when the economy rebounds?
We're probably approaching the bottom. I've been telling my friends to start scooping up anything below $19k and to be prepared to scoop up more when people are panicking.

That, or you can hold paper currencies or hard assets. Although i feel the continuous interest rate hikes are going to crush businesses and many hard assets as well as the market further but not have enough impact to halt inflation.
 

Bible_Belt

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Do you think it has a future when the economy rebounds?
Recessions take a while to play out, and the stock market is going nowhere but down while that happens. Look at a chart of M2, the free money days are over. BTC has performed up until now on par with the nasdaq, so there is no reason for this to be a bottom.
 

Bingo-Player

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Do you think it has a future when the economy rebounds?
I personally think there will have been too many "burnt hands"

Crypto has lost 70% of it's market cap in a year there will be some winners but a lot more losers and bag holders and its the losers you always need to pump the price back up

People have admittedly been taken for fools and have been sold magic beans for 40-50- 60 grand a piece

There's a few red faces now but a lot more to come

I don't believe we have even seen herd panic in the crypto market yet , i think panic could easily mean you wake up one morning and there is literally nothing left

The schemes are close to breaking point because of the wider economic situation

Many countries on verge of very deep recessions / bankruptcy

i see absolutely no reason why anyone would be wanting to hold something as unstable as crypto through these times seems like a financial death sentence
 

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Reyaj

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Recessions take a while to play out, and the stock market is going nowhere but down while that happens. Look at a chart of M2, the free money days are over. BTC has performed up until now on par with the nasdaq, so there is no reason for this to be a bottom.
Do you mean you expect it to fall parallel with the stock market?

I personally think there will have been too many "burnt hands"

Crypto has lost 70% of it's market cap in a year there will be some winners but a lot more losers and bag holders and its the losers you always need to pump the price back up

People have admittedly been taken for fools and have been sold magic beans for 40-50- 60 grand a piece

There's a few red faces now but a lot more to come

I don't believe we have even seen herd panic in the crypto market yet , i think panic could easily mean you wake up one morning and there is literally nothing left

The schemes are close to breaking point because of the wider economic situation

Many countries on verge of very deep recessions / bankruptcy

i see absolutely no reason why anyone would be wanting to hold something as unstable as crypto through these times seems like a financial death sentence
Well I think it depends on if this currency/technology has a future... Tesla was high and low and one point when electric cars weren't forcasted to be significant and that market has certainly grown. Same with Amazon when Brick and Mortar shops ran everything.. it has done great in the post years..

So if crypto itself can be a game changer couldn't it grow huge also at some point?
 

jaygreenb

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Do you mean you expect it to fall parallel with the stock market?



Well I think it depends on if this currency/technology has a future... Tesla was high and low and one point when electric cars weren't forcasted to be significant and that market has certainly grown. Same with Amazon when Brick and Mortar shops ran everything.. it has done great in the post years..

So if crypto itself can be a game changer couldn't it grow huge also at some point?
My personal belief in btc long term has not changed, the value is in being the most secure decentralized payment network ever created. The value is in the integrity, set rules and amount of participants. Everything could get rough for a while, there aren't really too many places to hide out other than USD, even that is just trying to time the short term. 99% of the other coins are most likely completely worthless, there will be a few winners but that is anyones best guess. Eth is probably one of the safer alt coin plays. All assets values right now are really based on when the fed pivots, I imagine that will not be until something catastrophically breaks. When that is, nobody knows. Will most likely take some time for this recession/depression to play out. Just make sure you are positioned accordingly. Took a long time after the dot com bust for the winners to recover, just make sure you are prepared for that. Right now I am mainly btc/eth, physical precious metals and a large cash position. I have some real estate and my business too but those aren't very liquid. Just make sure you are positioned to ride out a tough stretch and have minimal debt. There will most likely be generational buying opportunities in multiple asset classes if you have the dry powder.
 

Bingo-Player

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My personal belief in btc long term has not changed, the value is in being the most secure decentralized payment network ever created.
So far .....

The central banks are well under way creating the next one with their little gov coins

That will be the end of deregulated crypto unforutnatley

I think its becoming quite evident that leaders and CB's are intentionally bankrupting fiat

This is blindingly obvious in the UK i think we could be the first major economy to collapse things are starting to get really rocky here

Most markets still in a state of complete delusion / confusion take your pick
 

Bingo-Player

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Well I think it depends on if this currency/technology has a future... Tesla was high and low and one point when electric cars weren't forcasted to be significant and that market has certainly grown. Same with Amazon when Brick and Mortar shops ran everything.. it has done great in the post years..

So if crypto itself can be a game changer couldn't it grow huge also at some point?

You can't compare crypto to tesla or amazon or bricks and mortar shops because it's an unproductive asset that offers little to no value to an economy

Just ask poor El salvador who were used as puppets although i'd guess the president was paid a lot to push that agenda through but again its the people that will take the hammering from the governments actions
 

jaygreenb

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You can't compare crypto to tesla or amazon or bricks and mortar shops because it's an unproductive asset that offers little to no value to an economy

Just ask poor El salvador who were used as puppets although i'd guess the president was paid a lot to push that agenda through but again its the people that will take the hammering from the governments actions
Actually there are a lot of similarities to those companies, all of them are networks that have exponential growth and have followed Metcalfe's law. All these tech networks have or are in the process of disrupting the industry they are in. El salvador has also benefited in a number of ways, one having their remittance fees cut down to almost zero running payments on the bitcoin rails which also includes USD. This has significantly added to the GDP. It has also a attracted a lot of outside investment and tourism.
So far .....

The central banks are well under way creating the next one with their little gov coins

That will be the end of deregulated crypto unforutnatley

I think its becoming quite evident that leaders and CB's are intentionally bankrupting fiat

This is blindingly obvious in the UK i think we could be the first major economy to collapse things are starting to get really rocky here

Most markets still in a state of complete delusion / confusion take your pick
Yes, regulation is coming, most of the other cryptos will get wiped out or adapt. It will also provide greater clarity which will bring in larger institutional investment.
 

Peace and Quiet

If you currently have too many women chasing you, calling you, harassing you, knocking on your door at 2 o'clock in the morning... then I have the simple solution for you.

Just read my free ebook 22 Rules for Massive Success With Women and do the opposite of what I recommend.

This will quickly drive all women away from you.

And you will be able to relax and to live your life in peace and quiet.

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