Bitcoins - about to hit $5,000 per coin today!

[Flexacon]

Remember the coinbase FUD last week. Coinbase founder who sold shares during it's IPO peak and through most of last year just bought it all back during the dip. Expecting more of this in the markets.

https://us.yahoo.com/finance/news/coinbase-co-founder-fred-ehrsam-162250113.html

[Thin Lizzy]

Remember the coinbase FUD last week. Coinbase founder who sold shares during it's IPO peak and through most of last year just bought it all back during the dip. Expecting more of this in the markets.

https://us.yahoo.com/finance/news/coinbase-co-founder-fred-ehrsam-162250113.html

Another scam, as if an 80% drop is a “Dip.” 😂😂


Coinbase Co-Founder Fred Ehrsam Buys the Dip,

https://finance.yahoo.com/news/coinbase-co-founder-fred-ehrsam-162250113.html

[Theoak*]

Luna promised 20% on staked UST?

Here is another shit coin that I've called a scam from the outset promising 40% APY.

[Thin Lizzy]

That the financial media is still pimping this dog tells you we still have more way to go down.

[Humble Narcissist]

Why do people sell when it is tanking?

[Thin Lizzy]

Snap getting raped after hours.  FB and Goog getting hit as well.

[Grape Ape]

Why do people sell when it is tanking?

To limit losses and have capital to buy it back.

[Theoak*]

Down she goes.

[Humble Narcissist]

To limit losses and have capital to buy it back.

Sell low and buy high is a terrible strategy unless poverty is the goal.

[Grape Ape]

Sell low and buy high is a terrible strategy unless poverty is the goal.

The idea is to sell low and buy lower, not high.

[Mayday]

Snap getting raped after hours.  FB and Goog getting hit as well.

Everyone gunna get hit with the axe.

US Money Supply is flat 5 months into this year. Pretty amazing it’s holding up which suggests liquidity is still here but being parked outside of markets.

UK PMI got released and was 15% under the forecast. It went 59 then 58 then 51, fucking wrecking ball. The key level is 48, below that it’s straight to Hades.


Just like inflation was under forecasted, deflation will also be under forecasted and the speed under estimated. US futures already red but still, we haven’t seen a break below the lows. We need to seep that sell off.

[El Diablo Blanco]

Has Bitcoin hit $5k yet? This thread title might hold true in the near future.

[Mayday]

Finally alts starting to bleed with ETH leading the charge.

Broken below the previous low so range bottom is 0.05 which is approx 1,650.

[El Diablo Blanco]

Without $5 trillion is free government cash, how will crypto go back up to the pandemic peaks?

Answer: it won’t ever until free cash is sent out to the masses again.

[GymnJuice]

Without $5 trillion is free government cash, how will crypto go back up to the pandemic peaks?

Answer: it won’t ever until free cash is sent out to the masses again.

Do you think if there is rampant inflation more people might look into it as an alternative method of payments for day to day things? I don't use it but I could see that happening.

[Thin Lizzy]

Perhaps at some point in the future but currently it’s way too volatile.

[El Diablo Blanco]

Do you think if there is rampant inflation more people might look into it as an alternative method of payments for day to day things? I don't use it but I could see that happening.

Nope. Not at this rate.  Spending is going to go down big time as rates continue going up.  It’s a shift in balance. 

[deadz]

This thread is hilarious. Wannabes, losers and dreamers thinking bitcoin, bitcoin, bitcoin. LOL!!

[Thin Lizzy]

This thread is hilarious. Wannabes, losers and dreamers thinking bitcoin, bitcoin, bitcoin. LOL!!

Some of us saw the scam:

Wall Street has always been a casino. Speculative schemes have been going on  before our grandparents were born.

You might be right but it smells like a pump and dump to me. My GUESS is that it eventually crashes AGAIN, goes back into the doldrums, and we don’t hear from the bitcoin bugs for a while.

[Mayday]

Without $5 trillion is free government cash, how will crypto go back up to the pandemic peaks?

Answer: it won’t ever until free cash is sent out to the masses again.

Yes.

My strategy factored this deflationary to reset CPI before the Fed can go again.

Recession in Q2. Plebs get crushed in Q3, Stimmy bucks in Q4 and we go again in 2023 for the next inflationary wave is my plan.

Ive been good on the economic side but have got the market sell off timing wrong. hence the saying markets can remain irrational longer than you can remain solvent.

Anyhoo, I’m just waiting for the bottom.

[Mayday]

BTC the bottom has to look different just like the top did.

When we came down to 38k from 48k everyone said we would rally. It then went 36k, we will rally, 34k we will rally, 32k we will rally, 30k we will rally, 28k-29k the bottom is in and we will rally……

Now imagine 25k, we will rally, 23k, 21k, 19k, the bottom is in, 17k ummmm, 15k oooooo fffffuark…..

A slow bleed of stepping down allows good distribution and giving people ‘hope’ allows people to stay in longer and ‘buy the dip’ only to sell later when it keeps dipping.

[Thin Lizzy]

Here’s where I see the eventually bottom for Ether:

[FitnessFrenzy]

lizzy, i would argue the bottom is higher

[Thin Lizzy]

lizzy, i would argue the bottom is higher

You might be right but when you reach the latter part of a pump and dump the circus has packed up and moved to another town and all that’s left are the suckers holding the bag and little by little they sell as the price moves lower.

Look at the Bitcoin ETF, a dog from the word go:

[Mayday]

You might be right but when you reach the latter part of a pump and dump the circus has packed up and moved to another town and all that’s left are the suckers holding the bag and little by little they sell as the price moves lower.

Look at the Bitcoin ETF, a dog from the word go:

Bear market rally on stocks is nice. My feed was instantly bullish, bottom is in blah blah. People gunna get rugged hard on this one as Fed has not done a pivot yet. Rate rises and recession all still yet to play out, this rally is miles to early.

Pissing in the wind S&P to tag 4260, deviation to 4300 perhaps and then nuke down to 3600. What say you?

Crypto price point is using ETHBTC. It will break below 0.05 and head to 0.03 or so for next level. If that’s at 20k then ETH price is $600.

If BTC gets to 15k then the ratio might be 0.02 which is $300 but that’s being a crazy worst case scenario.

For Now I gather BTC will rallly like the S&P did and head towards 38k then gets nuked hard.