Crypto Blowing Up

[james_112233]

Originally Posted by yankee

Someone with thick skin could be making a hefty profit day trading the past two weeks.

We are at a stage where ALL news is twisted to be good news with our central banks and governents!

Hey we are officially in a recession by our definition, BUT lets pretend it isnt a recession because the numbers are better than we expected! Hey, the bank earnings are 50% down from year to date :( BUT that is GREAT NEWS! because we saved the banks profit bottom line with higher interest rates and it is way better than expected, Lets Rally! haha

Come September-November is when I expect the real rests to start stacking up BUT who the heck knows right? "They" manipulate everything!

Aaand that's how they'll lock retail in to the game by making them FOMO so when they finally do drop the price, we will all be broke while the rich plough their capital in and get even richer like always.

I fell for it once, won't be happening again.

[SaiJin]

Originally Posted by yankee

Someone with thick skin could be making a hefty profit day trading the past two weeks.

We are at a stage where ALL news is twisted to be good news with our central banks and governents!

Hey we are officially in a recession by our definition, BUT lets pretend it isnt a recession because the numbers are better than we expected! Hey, the bank earnings are 50% down from year to date :( BUT that is GREAT NEWS! because we saved the banks profit bottom line with higher interest rates and it is way better than expected, Lets Rally! haha

Come September-November is when I expect the real rests to start stacking up BUT who the heck knows right? "They" manipulate everything!

I read on the news either 1-2 days ago that whales are starting to dump their crypto again, so even if I had the skill to do trading, I'd rather just hold what I have.

It's actually interesting to hold and learn what the trends are and see how it goes down, up, how people react, what whales do etc.

[james_112233]

Originally Posted by SaiJin

I read on the news either 1-2 days ago that whales are starting to dump their crypto again, so even if I had the skill to do trading, I'd rather just hold what I have.

It's actually interesting to hold and learn what the trends are and see how it goes down, up, how people react, what whales do etc.

I personally think you need to put in enough money so that when the market moves up just a little you can walk away with 500 bucks or a grand from a little movement. Reason I say that is because whales have so much skin in the game a tiny movement in the BTC price makes them a lot of profit so they start selling.

Average joe investing 1000-5000 of his money has absolutely no chance what so ever in crypto unless they invest and dissapear for 5-10 years.

[SaiJin]

I'm looking for a minimum 5 figures... 500 bucks doesn't go far nowadays

[Freakzilla]

I thought you'd have a fleet of super cars now mate.

Originally Posted by james_112233

I personally think you need to put in enough money so that when the market moves up just a little you can walk away with 500 bucks or a grand from a little movement. Reason I say that is because whales have so much skin in the game a tiny movement in the BTC price makes them a lot of profit so they start selling.

Average joe investing 1000-5000 of his money has absolutely no chance what so ever in crypto unless they invest and dissapear for 5-10 years.

[james_112233]

Originally Posted by Freakzilla

I thought you'd have a fleet of super cars now mate.

I prefer public transport.

[SaiJin]

Originally Posted by Freakzilla

I thought you'd have a fleet of super cars now mate.

He bought at All Time High... or close to it.

[Freakzilla]

I know, hence the post......

Originally Posted by SaiJin

He bought at All Time High... or close to it.

[SaiJin]

WTH is going on with current situation, things are going up when they should be going down. We all know recession is coming.

and at the same time, people aren't spending money

[yankee]

Mid terms in the USA for one. Second of all, the future is quite predictable so there is some stability.

One surprise for most the the world wide oil price dropping. Demand seems much lower than it should be.

[SaiJin]

Originally Posted by yankee

Mid terms in the USA for one. Second of all, the future is quite predictable so there is some stability.

One surprise for most the the world wide oil price dropping. Demand seems much lower than it should be.

Yep, surprised on petrol prices myself... it's a good surprise...

What does midterms in USA have anything to do with prices increasing?

[rsot]

Originally Posted by yankee

One surprise for most the the world wide oil price dropping. Demand seems much lower than it should be.

Indeed - seems screwy given the other shortages going on

[yankee]

Originally Posted by SaiJin

Yep, surprised on petrol prices myself... it's a good surprise...

What does midterms in USA have anything to do with prices increasing?

Historically.... midterm election cycles the market settles before and then goes crazy afterwards. Gas too. This is USA exclusively.

Many people think that the current administration(who ever at the time) does everything possible to stabilize the markets so people are more likely to re-elect/keep seats.
Or in 2020, opposing powers to do everything possible to destabilize and other documented elections as well.

This time isn't working. Yes... fuel stabilized, markets stabilized, but most people realize it is very short term. That this crash is here and bigger than ever. I would expect a massive shift in leadership in the USA. Much less radical. We will see.

[james_112233]

OR ... it's just manipulation.

[yankee]

Originally Posted by james_112233

OR ... it's just manipulation.

Stabilization in this case is manipulation

[SaiJin]

Either way, cash is king now...

and I hope housing, cars prices etc would fall next year

[yankee]

Originally Posted by SaiJin

Either way, cash is king now...

and I hope housing, cars prices etc would fall next year

about 80% of the USA is already seeing significant price drops. Just look at Texas and California. Vegas is down 40% My area, prices are up 200% from a year ago though :(

[SaiJin]

200% increase from the normal from last year and about 40-80% drop this year means we have a long way to go to normalcy.

Realtor said 1 more year it'll be somewhat back to normal

[SaiJin]

There's a prediction that BTC may hit 35k end of this year instead of below 20k

[GreenBean]

Originally Posted by SaiJin

There's a prediction that BTC may hit 35k end of this year instead of below 20k

Nice, nice.

I feel much better now.

Like the gentle upward trend. LOL.

[BlackLion]

Originally Posted by SaiJin

I don't click on links ... give us the rundown?

How long have I been around? Lol, do you honestly think i'm sinister enough or "smart" enough to infiltrate you with a simple link?

Joking aside, it's basically just a video of the jeweler explaining how crypto cannot be seen as an "SAFE" investment when it drops from 60k to 18k, but as of typing this it's 24k currently.

He goes on to talk about how precious metals are a safer/better place to put your money into. Now If you ask me, I deal with precious metals in various forms, and know how to profit from it with my own methods, so I agree with him 100%.

Not saying you guys are wrong, but I only put my money into things I personally understand, so this is my POV.

[GreenBean]

Originally Posted by SaiJin

Yep, surprised on petrol prices myself... it's a good surprise...

What does midterms in USA have anything to do with prices increasing?

Our fuels are just OK.

UP 96 is US $1.11 (low octane petrol). And Diesel is US $1.42. These values e are in liters.