Crypto Blowing Up

[rsot]

Originally Posted by agent006140

No,I have no interest in crypto,take a look in your backyard-gold and silver mining stocks on Vancouver Exchange

Correct about gold - already on it diversification is key.

[rsot]

Originally Posted by agent006140

You are going to be wrong with silver,it is now over $42.
It was $55 at one time.

Silver may go up over time but it's slow but if it's working for you well, all good

https://www.apmex.com/silver-price

[rsot]

Originally Posted by agent006140

Personally I prefer GOLD !
But I cant afford to buy at this price!
$3787 per troy ounce

Agree about gold but back to crypto discussion for the thread.

Rough week but let's see what Q3 brings

[SaiJin]

Originally Posted by agent006140

Personally I prefer GOLD !
But I cant afford to buy at this price!
$3787 per troy ounce

Doesn't mean you need to buy an entire ounce...

[rsot]

Originally Posted by SaiJin

Doesn't mean you need to buy an entire ounce...

Right on gold stocks also an option...

[rsot]

Originally Posted by agent006140

They are all heavily leveraged !

Define your understanding of "leverage" agent - many ways of using this term

[mon73]

I feel sad too; it seems the crypto market is in the hands of a few people who can manipulate it whenever they want :(

[rsot]

Originally Posted by agent006140

80% DEBT,20% EQUITY=CAPITAL STRUCTURE.
I have not look into who are their lenders?

Institutions paying with other ppl money and loans etc - whole world running on debt and media focusing on wrong stories to keep masses distracted

[SaiJin]

Okay..... ALL markets were red this week. EVERYTHING. S&P, Crypto all of them.

BTC crashed to $95k from $120 in just 2 weeks.

So what do you guys think?
Bear trap and manipulation to flush more leveraged people then go back to near or even new ATH

or

This is the start of the bear market (since we closed below the 50 week ema)

Q4 right now is when we should not be asleep as crypto holders.
let's get talking

[james_112233]

It's a good shake out !

I'm hoping for a good run up in December it can even start in the last week of November

BTC moved approx 21k within 10 days in Nov 2024.

We are still in a bullmarket I refuse to believe otherwise.

[@NasterXchange]

There’s a real concern that a few large holders (whales) have outsized influence. According to some sources, a small percentage of wallets holds a huge share of BTC.
If theydecide to sell, they can definitely trigger big drops (or at least contribute to volatility).
For me, I would say KEEP YOUR MENTAL HEALTH. For some institution-level players, BTC remains a strategic asset rather than just short-term speculation ;-)

So guys, what is your time-horizon? 1 year? 5 years? :-)

[SaiJin]

Originally Posted by james_112233

It's a good shake out !

I'm hoping for a good run up in December it can even start in the last week of November

BTC moved approx 21k within 10 days in Nov 2024.

We are still in a bullmarket I refuse to believe otherwise.

What indicators make you decide this is a shake out?

Everything right now is showing very bearish.

[SaiJin]

Originally Posted by @NasterXchange

There’s a real concern that a few large holders (whales) have outsized influence. According to some sources, a small percentage of wallets holds a huge share of BTC.
If theydecide to sell, they can definitely trigger big drops (or at least contribute to volatility).
For me, I would say KEEP YOUR MENTAL HEALTH. For some institution-level players, BTC remains a strategic asset rather than just short-term speculation ;-)

So guys, what is your time-horizon? 1 year? 5 years? :-)

Well I think right now a lot of people with diamond hands have held for 4, 8, 12 years. And Q4 2025 which is now is when we should be cashing out.

[rsot]

Originally Posted by SaiJin

Well I think right now a lot of people with diamond hands have held for 4, 8, 12 years. And Q4 2025 which is now is when we should be cashing out.

That's right - Q4 2025 was the old prediction...it's almost as if there is background effort to break it.

This is a bad dip but figure a rise to breakthrough after xmas.

Short traders are having a field day.

[james_112233]

Originally Posted by SaiJin

Well I think right now a lot of people with diamond hands have held for 4, 8, 12 years. And Q4 2025 which is now is when we should be cashing out.

Exactly ... if I have to wait a bit longer so be it.

It makes no sense that alts haven't had a proper run (they sort of did in 2024) but since Jan this year they have been bleeding and trending downwards.

We will either see an amazing December 25 or something early Q1 next year, possibly Jan/Feb.

[SaiJin]

Originally Posted by james_112233

Exactly ... if I have to wait a bit longer so be it.

It makes no sense that alts haven't had a proper run (they sort of did in 2024) but since Jan this year they have been bleeding and trending downwards.

We will either see an amazing December 25 or something early Q1 next year, possibly Jan/Feb.

What data do you base this off?

Charts and sentiments are all pointing to a bearish down trend.

[rsot]

Originally Posted by SaiJin

What data do you base this off?

Charts and sentiments are all pointing to a bearish down trend.

The data to base this off of is not completely sound though

[SaiJin]

Lots of manipulation since oct 10.....

[SaiJin]

Originally Posted by agent006140

$91,646 RIGHT NOW,get out,it is going lower.

Yea? What makes you say that? Based on what info?

[rsot]

Originally Posted by SaiJin

Lots of manipulation since oct 10.....

Right - it's hard to predict a trend...yes it's going down and with btc not being a tangible asset, you can either sell or gamble by buying on the dip down hoping it will go back up (if sale money is coming in via btc...might as well hold).

[SaiJin]

Originally Posted by agent006140

investing sentiments have changed,they want something they trust,something they can hold in their hands,something which does not lose buying power ,something which cannot be sanctioned/confiscated/restricted ,they dont want someone to lock up their money-The EU has frozen approximately €210 billion in Russian central bank assets since Moscow invaded Ukraine in 2022.
China is not going to buy our Treasury instruments or US $ if they invade Taiwan,some do not want our US debt as it surpasses our annual GDP,we run a huge deficit.
Some large whales may have to liquidate their BItcoin holdings to pay bills,to spend or they find something more attractive than Bitcoin.
Gold and silver have a long history of being store of value,but Bitcoin?
Bitcoin is also too volatile to function as a currency?
Figure,you go and pay for a loaf of bread with Bitcoin,it could vary from the time you place it in your shopping cart to the time you check out?
This may sound rather petty,but I have yet to see any grocery store accepting Bitcoin,have you?May be in Ecuador?
I dont have any specific information on cryptos,but I follow other markets-gold,silver,bond,stock,real estate,copper.
All cryptos so far are just trading vehicles.

It comes down to sentiments and manipulation from market makers right?

HOnestly, I see no fault on your thesis.

Well then, right now the BTC market has tanked 30% and the last 2 days dropped $10k just like that, it's back up 5% I think because of the fed call from Williams and bumped the dec rate cut to 73%.

The last cycles whenever we were in bear market, the dip were severe BUT we always got a relief rally, not to previous ATH but maybe around 20-25% from the violent dip.

Do you think we'll get that rally and soon considering it's been WAY oversold and ridiculous at this point
?

[SaiJin]

Originally Posted by agent006140

I just heard that there was a software glitch,some stable coin backed by US dollar,that dollar fell to 66 cents instead of $1,this triggers automatic selling by some software programs.
the guy who said that is Tom Lee,who is a fund manager,may be you can google and find out more/
Others disagree.who knows ?

Tom lee and Saylor to me are like cramer.... If they say it's good, expect it's terrible. If they say it's bad, then it's actually good.

I don't believe what Tom Lee said about the glitch.

The narrative on media is strong.....