Forum

Re: Crypto Blowing Up
 

Im only bothered when agent makes a misleading prediction or offers investment advice.
Otherwise I wouldnt even pay attention to that nonsense.
The way I see it agent is the type of individual who missed the boat on buying in the early days when today's main coins were low and just cant let go of the negative feelings. But thats just me.

Re: Crypto Blowing Up
 

HERE IS another article ,which should be free =
https://www.marketwatch.com/articles...=mw_latestnews

Re: Crypto Blowing Up
 

honestly.... I'm hoping it dumps lower and stays there for a good long while. I took profits last year. Now I'm looking to accumulate for 2024

Re: Crypto Blowing Up
 

Im with you and it seems to be probable. Need that housing market to crash firstly.

Re: Crypto Blowing Up
 

I was hoping the same. But since BTC is quite expensive, I wanted to accumulate more ETH.

what's your thoughts?

Re: Crypto Blowing Up
 

I spoke with a friend realtor he said that due to interest hikes and other things, there are more houses in the market now and they haven't gotten as many offers as when it was hot so he's predicting it'll go down within a year, unless it's an area where the lowest drop was only 3%

Re: Crypto Blowing Up
 

14 cities already had a significant drop. Some places will have 30-50% I am guessing. It is just starting. It will be 6-18 months before we see much impact. RE moves very slowly.

The big factor will be job loss. We hear the FED say more and more every day that they need job loss to hit their goal. They just are doing it slowly. Kinda warming us all up to the fact.

The job loss along with $10 diesel fuel driving up costs of everything will be the major mover it seems.

Re: Crypto Blowing Up
 

How do you feel about big firms buying out houses to make big money?

Re: Crypto Blowing Up
 

In the whole scheme of things, it is primarily insignificant. Out of the investor buying the past two years, 90+% were individuals with less than 5 homes.

The every day home buyer is what moves the ticker. That is going down and a lot faster than I was expecting.

With all that being said, normal rules of money are out the window. The federal reserve at any time could manipulate a market/rates/incentives at any point. Right now, they are crushing liquid assets(stock market and crypto) and slowing wiping out hard assets. The moment they feel they over did it, they could reverse course. In a previous post I said the window of opportunity might be short, well, it might be really short. They are talking about offsetting the housing unaffordability by moving the standard loans to 40 years. The moment that happens, the market price will explode 30% in a very short time. They could also dump the rates negative etc.

Re: Crypto Blowing Up
 

Was reading the news this morning and it looks like the crazy housing market is starting to show a slow down according to that news.

Re: Crypto Blowing Up
 

Once BTC goes back up and has a higher ATH and these baby altcoins follow suit... I'm selling all my alt coins.

Re: Crypto Blowing Up
 

How many years do you think BTC will break ATH?

Im not ruling out 20k BTC this year.

Re: Crypto Blowing Up
 

I'd say by the next halving at latest.
Earliest if history repeats itself it'll start going back up in no less than 4 months.

Re: Crypto Blowing Up
 

I have a hard time imaging anything will reach an ATH in the next few years with several trillion dollars in the USA alone wiped out of the market. I guess it is possible if the the worlds central banks flood the market with tens of trillions of dollars again. It is possible. Just watch the FRED REPO chart. You will know it is happening if that balance sheet starts to go down.

Nate pointed out the market cap numbers. For it to break the ATH, it would take significant capital of many many billions of dollars for that to happen. You would need major whales and institutions to buy in. It CAN happen but doesn't seem to be anytime soon.

Re: Crypto Blowing Up
 

I think it would take crypto to have a divorce of the stock market. Same thing for silver and gold. It will need a divorce from spot price, not just a separation like today. It can happen when capital looses all faith in the worlds banks and economy. Right now short term treasuries are the safe haven.

Re: Crypto Blowing Up
 

So you're saying it'd take longer than say 5-10 years for it to even go to 100k IF it goes up that high?

Re: Crypto Blowing Up
 

I am not saying anything with facts and zero doubts! I am saying that it would have to take an act of the Federal Reserve and probably a couple other central banks to get to ATH in the foreseeable future.

That might happen. Look at what they did in the past two years.

The moment this chart changes direction, you know they are dumping funds back into the economy.

https://fred.stlouisfed.org/series/RRPONTSYD

The moment is goes on a sharp decline down, THAT IS WHEN TO BUY Or so it seems anyways.

@Nate, do you agree with the general point I am making?

Re: Crypto Blowing Up
 

Gold has been holding pretty strong over the last 1-2 weeks compared to the rest of the market. During the 2008 recession it took ~6 months before gold started exploding.

BTC has been holding decently around 28-30K for the last 1-2 weeks. Considering the timing of the Luna/UST crash, BTC is doing pretty good. Markets were panic selling all the while crypto had a lehman brothers style crash, yet it held around the 30K resistance. Had that never happened we probably wouldn't be around these prices, making BTC look like a better buy/hold than most assets currently tanking.

I think keeping an eye on gold will give us an idea of what BTC will do. There's 2 things that can happen that would make BTC explode - both of which can very likely happen before year end.

1. When markets realize the fed can't control inflation and they pivot to pause/cut rates, BTC will explode & be the fastest horse in the race.

2. When the BTC spot ETF is approved.

If you don't already have BTC before either of those happen you'll probably regret not having more. 30K range is looking like a great time to start DCA if you don't already have some. Only buy what you're willing to lose, but in all honesty BTC is the best asset the world has ever seen. We just might be a little too early in the game so we gotta deal with the volatility :)

Re: Crypto Blowing Up
 

They really are not trying to handle inflation. If they did, the worlds economy gets flushed. They have pretty much lost control.

I basically agree with you. I think BTC is still in the very early days and I feel it is going to attacked more and more by Central banks and governments. Will we see $1,000,000 BTC? I think it is quite possible but how many decades from now is the question?

It would require inflation that we have never seen happen.

Re: Crypto Blowing Up
 

since we don't know how long we'll be alive for we should be smarter and just cash out once it hits a certain $ we are happy with then use that money to build a new or current biz that can make $ faster than waiting for BTC.

Re: Crypto Blowing Up
 

Any one here has more than 1 other alt coins like Quantum, LTC , cardano etc?

Re: Crypto Blowing Up
 

Bitcoin now, smh

Re: Crypto Blowing Up
 

Touch of litecoin recently

Re: Crypto Blowing Up
 

Bearish market rn, needs to see some recovery.

Re: Crypto Blowing Up
 

Bearish is when you wanna consider buying

Re: Crypto Blowing Up
 

Load up and hold; only risk what is not needed right now

Re: Crypto Blowing Up
 

Nooo!! BTC went back up above 30k!! DROP please!

Re: Crypto Blowing Up
 

It will. Lots more bad news coming out in the next months. Hard to say when the bottom will be though. Could be soon but it also could be in 6-8 months as the dust starts settling. DEF, Diesel and fuel prices, unemployment and food costs along with credit freezes around the world is going to cause all sorts of opportunities. Credit freezes, bank failures and unemployment seen impossible to avoid at this point. . I would guess the buying opportunities are just starting now.

Re: Crypto Blowing Up
 

You buying any BTC or ETH now?

Re: Crypto Blowing Up
 

Nope.

I dont think it is a good use of my money. Business is always my go to. Im not one to buy something and hope someone else does something to cause it to go up in value.

I will be buying a significant amount of silver in a couple months and I most likely will buy ETH/BTC on the next major dip(Im not trying to time the market either). But right now, I dont see if going up anytime soon so inventory it is. I have more inventory now that I have ever had in my life. Should be a great year for me. My busy season kicks off in 5-6 weeks.

Re: Crypto Blowing Up
 

Most of your guys holding BTC are waiting for the next halving in a couple years?

Re: Crypto Blowing Up
 

I'm not a trader so I'm waiting for it to get to ATH or past that.

My rule is if I don't have the skills, just the asset, it's better not to do anything and **** it up. Eventually things will go back up...

Re: Crypto Blowing Up
 

Holding until we reach a new ath.

Re: Crypto Blowing Up
 

next Halving is in less than 2 years. February 2024 eta

Re: Crypto Blowing Up
 

ALT season coming soon I hope!

Re: Crypto Blowing Up
 

It'll come when it comes.

Re: Crypto Blowing Up
 

All the crypto coins are dropping and don't look it's going to stop for a while just continuous lower lows. Feel like just selling my eth position at a loss because it's not looking good right now :rip:

Re: Crypto Blowing Up
 

If you have better use of the money, absolutely! If is is just money sitting around, maybe swap it to silver or wait the 2-4 years for it to go up with all the pump and dump scams. Maybe Elon with rip off the world again and bring it up sky high and dump it again.

Re: Crypto Blowing Up
 

I'm actually doing the opposite and DCA'ing in.

Re: Crypto Blowing Up
 

If you sell at a loss, it will be a gain for someone else in the longterm...