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Re: Crypto Blowing Up
 

no, lol, not what i meant, I meant the inflation that's occurring now. I wish I had that many bitcoin, but scared to buy more now that it's at 47k.

Re: Crypto Blowing Up
 

Just buy high and sell low. That's how you win in crypto !

Jokes aside I agree with yankee. It's during the recessions where the rich get richer as they have capital to buy low. And when everything recovers they're wealthier than before.

Re: Crypto Blowing Up
 

Colombia style... :doh:

Re: Crypto Blowing Up
 

China's Shimao Bonds and others have just been cut by 50% It has already effected major USA real estate companies and many if not most Western World Pensions. Blackstone just had to remove BILLIONS of dollars off their sheet because of Evergrand.

Now the big questions are, how far does Crypto crash before it skyrockets? Is it going to be like spring of 2020 where you could pick up BTC for much less than 10k? Or is 40-50K the bottom?

Re: Crypto Blowing Up
 

I've been reading this thread for the past couple of months and I will share my thoughts.

BTC is money and a hard asset, it has perfected the properties of money since it was initially created. Gold is also layer one money but most of it is centrally controlled by governments.

Additionally, ETH is NOT money and is heavily centralized.

If you understand the historical differences between money and currencies it is very clear.

All currencies eventually go to their true value, which is ZERO.

What you have going on right now is currencies of countries literally hyper inflating against BTC.

Central Banks cannot stop printing or raise interest rates because the whole financial system would collapse.

Within the next year or so, I see BTC as a safe haven asset when then inventible collapse comes. This will make the price sky rocket.

The current inflation rate in the USA is probably around 20-25% right now.

The equities market is crashing upwards, meaning that you are not gaining much yield, it is only going up because they are debasing the currency at that rate.

You can look at property prices from this time last year to get a true measure of the inflation rate, not the under adjusted CPI numbers the government is throwing out.

The current price for BTC is very attractive and I would be buying heavy at these levels.

Hyperinflation is coming, scary times ahead.. protect yourself.

Re: Crypto Blowing Up
 

well, there's still a chance it will go even below 42k based on what I've read today

Re: Crypto Blowing Up
 

Coinmarketcap is showing us a glimpse in to the future ...

Re: Crypto Blowing Up
 

I dont put much stock in predictors of that sort.
Remember only a month ago they 'predicted' 80k?
Manage your investment by how much you can afford to lose and how patient a man you are.

Re: Crypto Blowing Up
 

"Watch what they do, not what they say"

They aren't going to significantly going to raise rates, because they can't without crashing the economy.

That is why they have been talking about it, but not actually doing it.

They will let inflation run hot, eroding the purchasing power of your dollar or whatever currency you choose to save.

It is all perception my friend.

Re: Crypto Blowing Up
 

They're apparently waiting to see the damage covid has caused in the UK before doing that.

Re: Crypto Blowing Up
 

Loving what Im seeing on the ETH/BTC pair again.
Switched to ETH when it was under 0.08 And as expected it is up more than 3% now and climbing. 3% is not much if youre only $1k in. It is MUCH nicer if youve got a lot more in :)
Ill switch back when it hits 5% increase. Getting closer as I type.

Re: Crypto Blowing Up
 

Are you becoming a trader or so?

Re: Crypto Blowing Up
 

Been dabbling at it this past year.
Made more money doing that than anything else Ive ever done.

Re: Crypto Blowing Up
 

Bank of England Just did! The other central banks including USA FED most certainly will follow.

Amazing times!

Re: Crypto Blowing Up
 

Indeed. You see the US following through with all 3 hikes?

How do you see Omicron playing out (market wise) ?

Re: Crypto Blowing Up
 

Agent why do you bother with this thread?
Youre obviously not a fan and from your own words you do not invest in it and from your posts (which are mostly copy/paste) dont have a solid understanding on the fundamentals.
Why are you trying to come across as an expert and more importantly WHY are you trying to offer advice when you dont know much about the topic youre advising about???

Re: Crypto Blowing Up
 

This is the same info I been following for a while

Its all talk as they can't raise rates significantly

Right now the markets still believe the fed, and they have been, hence gold trading down/flat

Eventually the market will see the fed not increasing rates, and assets including gold will sore. Powell already got rid of the term transitional inflation, and gave us a rate increase plan for 2022.

Markets going to find out real soon (my guess 3-9 months) he can't do anything about inflation and we're off to the races

Re: Crypto Blowing Up
 

The Fed has already told us it will stop buying agency securities and raise rates in 2022,2023 and 2024.
Why do you think the stock market is tanking?
The stock market will have to adjust to a higher rate environment,it does not look like they are putting their money in cryptos.

Re: Crypto Blowing Up
 

My guess is usa is so corrupt, big corporations bribing the officials, they need interest rates at 0 percent so they can continue with their stock buy backs with basically free money, and also their leveraged buyouts of other companies for basically free. Think Microsoft buying LinkedIn with 0 percent interest rates, basically getting free printed dollars to buy another company, making a minimum monthly payment if at all, and hijacking another company. That's at least plays a part in why I think interest rates will stay at 0.

Re: Crypto Blowing Up
 

You should be glad they take these loans out. What they are doing is using REAL money to pay off the loan. In turn making the (typed in money) into REAL money that was earned by Microsoft and others with the hard work of the planets humans.
The government (the treasury) issues debt for the world to buy with their REAL money they earned breaking their a$$ at work. They collect interest for buying treasury's bonds (debt), that part IS printed! That's the scam!
The truth you bring up is our government is a bunch of criminals skimming off the top. That's why they don't mind having their secret Bitcoin accts.

Re: Crypto Blowing Up
 

I remember a lot of us me including believed that BTC will be at 100K by the end of 2021.

Re: Crypto Blowing Up
 

The three hikes will happen I believe but they are small. It WILL crash some housing markets because that small increase will drive the prices beyond the economic threashhold for most in those areas(Dallas, Austin, Huston, many cities in Florida, Atlanta, some places in North Carolina, much of the north east but not like 2008, Boise, much of CA etc). Now, with that being said...... they are openly talking about making the 40 year mortgage standard replacing the 30 year in addition to ALREADY raising loan limits and lowering credit score and down payments.

So.... that may kick the can a year or two or three IF they do formally replace the 30 year with the 40.

Covid? Who the heck knows what the words governments will do. They are so full of crap and really have no idea what they are doing. OR they really do and it is intentional to deflate the worlds currency LOL That is the only logical conclusion I can come up with about this new variant that pretty much is a mild cold for most everyone.

How this all will effect BTC? I believe it will go down and down A LOT and then over time skyrocket. Could be years though. At least BTC has a practical use and over the next decade will be more valuable. I do think there will be a day that most nobody will hold a whole coin. That the price will be so high that millionaires wound be able to afford a whole coin without leverage. How many years? I dont have an educated guess.

But what the heck do I know? Im just a dude who sells crap on the inter-web.

Re: Crypto Blowing Up
 

BTC is and was a beautiful invention, in the future you will valuing things in SATs (Satoshis) and everyone will be putting their faith in a decentralized system that cannot be manipulated.

The old system is clearly manipulated and creates further wealth disparity.

Right now you have a negative yielding bond market that has a much larger in market cap than the stock market. (Around 100 trillion)

I believe the crash could come in the bond market in the very near future. As I stated before, the Federal Reserve cannot raise interest rates substantially without creating the next great depression and they know this.

Therefore, they are stuck and cannot do much tapering. It is all perception to make it look like they have it under control.

QE has been going on since 2008, what makes you think they are going to stop now?

BTC should not go below 40K, IMO. Looking at the RSI chart indicators it is in a very attractive buy range compared to past price movements.

Re: Crypto Blowing Up
 

I never said it would stop. I said the rates will increase and by a small amount. That is what I said. Many sectors have large % increases already. Recreational vehicles for example. 2020 0-3% and now 7-13% is not uncommon. Was it enough to slow down consumer debt, Yes, to slow it. But not enough to slow it to the points the industry felt it....yet.

Re: Crypto Blowing Up
 

I feel right now there is very little in this world more manipulated than Crypto. I feel we may be decades away until that changes. I think it will be even MORE manipulated in the years to come.

But again, what the heck do I know.

Re: Crypto Blowing Up
 

Still got a few days to go ... i'm expecting a massive pump. Hopefully SHIB skyrockets too. Will sell if it does.

Re: Crypto Blowing Up
 

And yet another opportunity brewing on the ETH/BTC pair. Sold a couple of days ago when it touched 0.085 and now its going back down again.

Re: Crypto Blowing Up
 

The next few months are going to be fun.

The last leg of the bull run is coming, buckle up!

Re: Crypto Blowing Up
 

Guess we should all just get out of the crypto market lol
Maybe next time tell us what your point is instead of yet again regurgitating someone else's story.

Re: Crypto Blowing Up
 

Is Crypto20 token has any potential?

Its kind of mutual funds in the world of crypto.

Re: Crypto Blowing Up
 

sushi is going to pump it up guys.

It will soon have its own dex.

Jump on it

Re: Crypto Blowing Up
 

In 10 years we will have people here complaining why BTC dropped from 500k usd to 350k during the usual dip.

Keep accumulating when it dips, never sell, unless there will be a mastodontic pump in a short time range, so it will be a good choice to take some profit to buy the dip.

Of course we are not in 2016 and we have not "affordable prices" to become multi millionaires, but we can still make some pretty good damn profit with a "sure" crypto

Re: Crypto Blowing Up
 

Well let's hope in 10 years it'd be over 1million lol

Re: Crypto Blowing Up
 

It's going to be epic reading this thread in 10 years time. Hopefully it's still here.

Re: Crypto Blowing Up
 

Well here is MY promise - and unlike Agent I will actually keep it:
If/when BTC reaches $500k I will give $10k in crypto to the first 5 people to give me a thanks to this post.
Click fast people!

Re: Crypto Blowing Up
 

Never going to happen in my lifetime, but I clicked the Thanks button just in case. lol

:comp5:

Re: Crypto Blowing Up
 

I clicked thanks, but you can donate my 10k to a charity of your choice.

Re: Crypto Blowing Up
 

ill donate it to the charity of YOUR choice and post the receipt for the donation here.

Re: Crypto Blowing Up
 

You never know.
Thats only 10 times what it is now. Remember when it was under $2k? less than 5% what it is now?

Re: Crypto Blowing Up
 

So gratefull to you mate, free money it's always a pleasure.
In general I am honest so I will give half to my family and half to people in need.

I will link you later in years my wallet