Author Topic: Bitcoins - about to hit $5,000 per coin today! (Read 1095611 times)

Mayday · « **Reply #7975 on:** September 13, 2021, 06:10:14 PM »

BE BULLISH mofos!!!!

There is 7 days left until the a devil cleanses your soul and you shall be reborn into an insane bullrun.

Mayday · « **Reply #7976 on:** September 13, 2021, 06:15:37 PM »

In 7 days we shall all be cleansed!

Flexacon · « **Reply #7977 on:** September 13, 2021, 09:24:29 PM »

The SEC is going after the exchanges now as well as ripple. I still think ripple beats their SEC case, but we have seen what that has done to the price of XRP. This new FUD against exchanges could drop prices across the board.

https://twitter.com/attorneyjeremy1/status/1437487301601411074
https://www.banking.senate.gov/imo/media/doc/Gensler%20Testimony%209-14-21.pdf

-------------------

Elsewhere Evergrande is starting looking like Chinas Lehman Bros.

https://www.theguardian.com/world/2021/sep/14/china-property-giant-evergrande-admits-debt-crisis-as-protesters-besiege-hq

FitnessFrenzy · « **Reply #7978 on:** September 14, 2021, 11:44:01 AM »

Bindare_Dundat · « **Reply #7979 on:** September 15, 2021, 09:31:53 AM »

Quote from: Bindare_Dundat on August 26, 2021, 09:00:48 AM

We went a bit higher then my anticipated target but reassured this baby is heading down. Anticipate a rally around the 44k range where ill be longing. After that we will head down lower. Imo.

Flexacon · « **Reply #7980 on:** September 15, 2021, 07:48:30 PM »

Bitcoin golden cross could send it rocketing.

On the other hand Evergrandes bankruptcy will leave US hedgefunds holding bags. This could cause a stock and crypto sell off, leaving anyone long anything in tears, x5 that if Evergrande takes down the rest of the property development market in China with it (Sunac busting out is the big one) Tether

Intradasting times

GigantorX · « **Reply #7981 on:** September 16, 2021, 06:19:14 AM »

REAL TALK.

Is it worth it for me to purchase an expense (yikes!) current GPU (preferably NVidia) and begin mining on the side?

If yes, what should be mined?

Mayday · « **Reply #7982 on:** September 17, 2021, 01:14:37 AM »

Quote from: Flexacon on September 15, 2021, 07:48:30 PM

Bitcoin golden cross could send it rocketing.

On the other hand Evergrandes bankruptcy will leave US hedgefunds holding bags. This could cause a stock and crypto sell off, leaving anyone long anything in tears, x5 that if Evergrande takes down the rest of the property development market in China with it (Sunac busting out is the big one) Tether

Intradasting times

Is everybody expecting a dump? Yes
Have people sold or closed their long positions? No
Have people opened hedge positions whilst keeping their original positions open? Yes
Your Conclusion --> Is everybody scared of being dumped on or missing out on the rally out = Rally out

We have a 4 week window of crypto downside risk after which you better be on board mate

I'll message you about a few of the things we chatted about that i did quite well in. Will be spastic.

Flexacon · « **Reply #7983 on:** September 17, 2021, 09:38:01 PM »

Quote from: Mayday on September 17, 2021, 01:14:37 AM

Is everybody expecting a dump? Yes
Have people sold or closed their long positions? No
Have people opened hedge positions whilst keeping their original positions open? Yes
Your Conclusion --> Is everybody scared of being dumped on or missing out on the rally out = Rally out

I would be more than willing to accept the risks you've highlighted, but I'm not touching it right now because of Tether.

I mentioned Tether a few months ago, again a few weeks and again a couple of days. All 3 were different sources highlighting the Tether risk, now Burry just tweeted about it https://twitter.com/michaeljburry/status/1439055789646360582 (knowing him he'll delete it soon)

Cassandra
@michaeljburry
When Chinese CP is not the Communist Party and is maybe a bigger deal.

TheLastBearStanding
@TheLastBearSta1
· Jul 22
23. Again – its certainly possible Tether is buying other Chinese bank or developer CP or making up the CP concept entirely. But consider the implications if true: The crypto universe may be riding on the back of China’s collapsing property developers

Read the rest of the tweets from July https://twitter.com/thelastbearsta1/status/1418302465557110785?s=21

FitnessFrenzy · « **Reply #7984 on:** September 19, 2021, 01:07:57 AM »

Mayday · « **Reply #7985 on:** September 20, 2021, 03:54:04 AM »

US Fed already said Tether was 14% backed or something along those lines. So it’s already known to be leveraged.

Lots of people getting wiped out today. Brutal.

OneMoreRep · « **Reply #7986 on:** September 20, 2021, 07:58:36 AM »

Quote from: Flexacon on September 09, 2021, 07:34:23 AM

I'm convinced the Evergrande, the Chinese bond market situation and CCP are key to what happens over the next few weeks.

Evergrande has shat the bed, so now it's down to the CCP and bailouts. No bailout and tether is screwed, 80% crypto dump. Bailouts (which looks likely) then all markets take a haircut and crypto dumps about 30%.

Your suspicion was correct!

"1"

Flexacon · « **Reply #7987 on:** September 20, 2021, 06:06:29 PM »

Quote from: OneMoreRep on September 20, 2021, 07:58:36 AM

Your suspicion was correct!

"1"

My month(s) long bear campaign is indeed playing out.

We also got trolled again! "Fool me once, shame on -- shame on you. Fool me -- you can't get fooled again"

Quote from: Flexacon on September 08, 2021, 02:57:09 AM

Bitcoin looks like it's doing another wyckoff. It looks like we are in the last quarter a mini version of the Jan to May cycle. One more steady climb up left and then a big dump around the date Mayday gave.

They are truly trolling us if this ends up being case.

China is also trolling the foreign banks and institutions now. Marge will be calling soon, but I think if we get through the next few weeks with just a haircut then most will be okay.

China will be fine. Citizens, employees and contractors hurt by Evergrande will be made whole. Their banks and investors will see some relief. Foreign institutions will be told to eat shit. China in turn won't be going after US debt (they might go after debt the 3rd world owes them). US institutions can take the evergrande hit as they are all cash rich. Things get spicy again though if the other big property developers in China start to topple and/or crypto crashes 80%.

Beware of the incoming bull trap!

FitnessFrenzy · « **Reply #7988 on:** September 20, 2021, 10:42:59 PM »

ETH $ 2,975.12

Griffith · « **Reply #7989 on:** September 21, 2021, 12:33:28 AM »

According to stock to flow model 'worst case scenario':

Griffith · « **Reply #7990 on:** September 21, 2021, 02:37:34 AM »

Mayday · « **Reply #7991 on:** September 21, 2021, 05:33:41 PM »

Quote from: Griffith on September 21, 2021, 12:33:28 AM

According to stock to flow model 'worst case scenario':

That’s a model which assumes a fixed outcome equal to the most valuable asset classes which is 100T.

The creator uses the end value of 100T, divides this by 4yr halving then applies a network growth value for each block to get price. I’m not a fan of scarcity because perception drives price and supply/demand is the outcome of perception.

The price targets for each halving is the average over the time period. So 100k for 2021 is actually the average out to 2024.

One of the main reasons this model will break is because it assumes all coins hold equal behaviour which is incorrect. Derivatives is 14x larger than spot and therefore is primary driver. The ‘fundamental’ pricing which this model bases itself on is really the price at the true bottom. Derivatives artificially inflate and deflate the price so you can’t apply that to HoDL mentality and build a model.

Mayday · « **Reply #7992 on:** September 21, 2021, 05:40:48 PM »

Quote from: Griffith on September 21, 2021, 02:37:34 AM

He is ok on some stuff.

This sell off is driven by the sharemarket and super wealthy resetting for the next annual year. The FUD is there to hide the real reason is all. There is 1T parked in cash at the Fed for a reason, watch over the coming weeks how that reporting magically vanishes…..

Mayday · « **Reply #7993 on:** September 21, 2021, 06:00:48 PM »

Bears gunna get crushed next month…..

Flexacon · « **Reply #7994 on:** September 21, 2021, 06:58:23 PM »

Quote from: Mayday on September 21, 2021, 06:00:48 PM

Bears gunna get crushed next month…..

When are you buying again?

I'm looking to dollar cost average in soon. If there is a huge crash I still have the funds to take advantage. No crash then I still got some of the dip before it rockets.

Mayday · « **Reply #7995 on:** September 21, 2021, 10:15:53 PM »

Quote from: Flexacon on September 21, 2021, 06:58:23 PM

When are you buying again?

I'm looking to dollar cost average in soon. If there is a huge crash I still have the funds to take advantage. No crash then I still got some of the dip before it rockets.

Dow is leading this so I’d be looking at a 33.2k and then it’s done IMO.

Don’t forget the 1T in reverse repos is there for buying this dip so liquidity is going to flood in at a million miles an hour and bounce like a mofo.

Griffith · « **Reply #7996 on:** September 22, 2021, 05:49:55 AM »

Quote from: Mayday on September 21, 2021, 06:00:48 PM

Bears gunna get crushed next month…..

You still think we could see 100k BTC and 8k ETH this year?

Humble Narcissist · « **Reply #7997 on:** September 22, 2021, 10:44:24 AM »

Quote from: Griffith on September 22, 2021, 05:49:55 AM

You still think we could see 100k BTC and 8k ETH this year?

Maybe $1 and $.80.

Mayday · « **Reply #7998 on:** September 22, 2021, 01:42:25 PM »

Quote from: Griffith on September 22, 2021, 05:49:55 AM

You still think we could see 100k BTC and 8k ETH this year?

Seasonality is a leading indicator therefore I expect either a rally and peak Nov-Dec or a rally and peak in April 2022.

I don’t believe the sharemarket pullback is done yet.

Flexacon · « **Reply #7999 on:** September 22, 2021, 04:12:14 PM »

Potentially a huge day today. If Evergrande don't pay their foreign investor debts today then all the markets take a hit.

If there are no consequences for Evergrande telling their foreign investors to eat shit, then there is nothing stopping the rest of the Chinese developers doing the same.

A can kick solution is the most likely outcome, but if that doesn't happen prepare for carnage.