If its so worthless he should send us all some, hahaha. Dollar will soon be worthless, losing 10-20% annually due to inflation. Hyperinflation coming soon.
OT- Bitcoin
- Thread starter redwine65
- Start date
More confused than ever TBH. Stock market has been doing the same thing since it bottomed out the second time. Seems like a lot of buyers and volume anticipating more QE. We're at the point where it could hang around up here for a bit and then your sell signal will come from the Fed again, perhaps in May if this has real legs.
Fed is going to unwind its balance sheet asap aren't they?
Btc breaking the $45k resistance is pretty positive.
They have unwound before only to start buying back again. Could be people calling the Fed's bluff or could be one last epic bagholder trap. Gamestop and a bunch of other junk is also making outsized positive moves but still nowhere near the prior highs.
the breakout higher is nice, but not sure it is sustainable
hit the 200 day MA but was rejected.
headwinds I see is the big govt push against POW or (high energy usage) cryptos.
So I'm getting mixed signals.
Look at MacD on the weekly chart of bitcoin.. that looks good, just turned bullish.
Then look at the MacD on the monthly chart of bitcoin, that still looks very bearish.
So to me, it looks like a smaller bull cycle is starting within a larger bearish trend.
Indeed, now is such a time that it makes no sense to buy a large amount of cryptocurrency, since it has become almost impossible to predict its schedule. Instead, you can either invest a little so that it is not a pity to lose money, or the second way that I personally use is to collect free cryptocurrency. You may ask how to earn free cryptocurrency? Very easy, all you need is to go to some resources and collect free cryptocurrency. Of course, you can invest a little more of your money, and a decent amount of crypto will come out in the balance.
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Currencies establish a balance between a country's internal economic basis and external perceptions of its strength or weakness. This balance is changing rapidly in the US, so the dollar's collapse is possible shortly. Exchange rate shifts result from comparing the US with Europe, China, and so on. The forecast of a 35% decline in the dollar's value is based on a comparison of America with its main trading partners. It seems that Canada and Mexico's currencies will strengthen against the background of the recovery of economic activity and oil prices. Although if the best crypto signals start reacting to the dollar, I'm sure everything will get better.
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I earned 6.729 BAT ($5.38) for the month of March, just for using the Brave browser. It's not a lot, but better than a poke in the eye.
Crypto willl continue to be the means by which individuals keep their money self sovereign. Until the government breaks in and wants to break up self-privacy, self-sovereignty, and track everything we do via a centralized nation CBDC. This is the part we can actually stand up against our government, bc we no longer need to exchange value through their systems. At this point you can simply refuse to use it.
We have hundreds of value systems spread across the internet which are decentralized, and out of the governments control, as self-sovereign wealth should be.
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
Perfect timing as the market and crypto begin to tank again.
looks like it might be time to buy soon.. nearing bottom of channel, maybe pick up some at 37
So I'm trying to get up to speed on all of this. How much trouble is Visa and MasterCard in? It looks like their business model is about to go over a cliff in the next two years with the rise of the Lightning Network and acceptance of Bitcoin by so many major retailers. (Combined value of those two companies is close to a trillion dollars)
That is a good question.
I also wonder, are credit scores about to become a thing of the past as well?
They're not in any trouble, bitcoin is still slower and more expensive than visa or mastercard. Not much development in bitcoin either, it's found it's place as digital gold and not as a fiat replacement. Some banks are experimenting with usdc settlements but with eth costs it won't be available for many years (eth 2 will help lower gas fees a little but they will be much much higher than visa/mc.) With the money and influence the banks have they will just buy an exchange or have the government regulate their way to stay in some kind of control.
We're still so early and a years away from blockchain being useable for the average person. Banks and lending platforms are at risk but they have been buying up large amounts of crypto. Banks see eth as more centralized and are working to buy a lot of eth and the eth infrastructure. I think I read citibank is buying large portions of metamask.
I think crypto won't become mainstream until around the the end of this decade. We're still way early, think of the internet a few years before aol.
Regulation is such a big piece of this. No doubt that central banks will try to get out front and maintain control of currencies and the financial system overall, but can they? Will crypto fall into a period like Prohibition where people are going to do what they want regardless of the laws until you old system finally crumbles?
The speed of change in modern times is incredible. We can rail against things that are new, but what is the sense in doing that if something is inevitable.
Wow I really hope you decided against that first option. 😬
Is happening.
yeah, I avoided that as I hadn't entered into the market yet, but was sitting in Tether.. I watched that get dragged down today in Asia, freaked me out to be honest. It means they are going to test all the stable coins. I got 2/3rd out of tether, into some paxgold, kyber network, bnb, and doge (hoping elon wires up twitter with it) only dipped some toes in today. not financial advice
yeah, I avoided that as I hadn't entered into the market yet, but was sitting in Tether.. I watched that get dragged down today in Asia, freaked me out to be honest. It means they are going to test all the stable coins. I got 2/3rd out of tether, into some paxgold, kyber network, bnb, and doge (hoping elon wires up twitter with it) only dipped some toes in today. not financial advice
That's good to hear. I never really follow any of these fringe projects until something like the past few days happens. $120 to 2 cents in a matter of days...wow.
I sold luna at 120 after it went up and bought btc..glad I missed that freefall
thats interesting, I heard other cryptos that are tied to algorithm stable coins, a took bit of a hit too, nothing like luna....I thru 200 bucks in luna for the heck of it when it hit bottom, and they stopped making more. it's up 417.76%..lol....the crypto I still have trades in usdNot sure if true.
Saw this story as well, but not sure it makes sense.. if they traded Do Kwan 75k btc for ust, then they would be holding all ust.. unless Kwan gave them the UST and they didn't actually send him the btc as planned..Not sure if true.
Do Kwan was involved with another failed stable coin called basis cash, or something.. it went belly up too.
I'm more inclined to think Do Kwan hacked his own stable coin and profited from its demise.
If they bought UST for a discount and then dumped it I think it makes more sense.
You're right if they held UST.
Hold on to your seats..
BTC just dumped to low 25k..
create a shopping list.. might be time to start nibbling soon!
Man crypto gettin rekt this weekend.. Monday's stock market is prolly gonna dump
BTC just dumped to low 25k..
create a shopping list.. might be time to start nibbling soon!
Man crypto gettin rekt this weekend.. Monday's stock market is prolly gonna dump
I started scaling in very small on a possible average cost basis strategy on etherium today. The macro trend still looks good to me
If you really want to buy, do it here. These guys will be unloading on you all the way down for profits. Warning was sent since inception of this thread! You should also ask yourself (again) what exactly it is you are buying!
It's at 21k now. Don't buy this junk in this environment. It's literally junk. The charts are meaningless when you're talking about manipulated junk.
Fascinating reading about the layoffs and scams and potential huge margin calls for this miracle dust. If memory serves very early in this thread somebody eluded to whales letting retail in before they bought even more....looks like they snagged enough suckers to make bank while they exited.
it has always been a bit scammy...Sort of like the early days of the net where dudes would get 100,000 shares of some new online company....and they were rich...for like 3 days.
