Author Topic: Bitcoins - about to hit $5,000 per coin today! (Read 753840 times)

Mayday · « **Reply #8050 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 #8051 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 #8052 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 #8053 on:** September 20, 2021, 10:42:59 PM »

ETH $ 2,975.12

Griffith · « **Reply #8054 on:** September 21, 2021, 12:33:28 AM »

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

Griffith · « **Reply #8055 on:** September 21, 2021, 02:37:34 AM »

Mayday · « **Reply #8056 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 #8057 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 #8058 on:** September 21, 2021, 06:00:48 PM »

Bears gunna get crushed next month…..

Flexacon · « **Reply #8059 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 #8060 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 #8061 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 #8062 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 #8063 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 #8064 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.

obsidian · « **Reply #8065 on:** September 23, 2021, 12:44:33 AM »

Quote from: Flexacon 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.

Bitboy claims they were bailed out.

Is this a bailout or not?

https://coingape.com/china-injects-19-billion-to-bail-out-evergrande-heres-how-crypto-market-can-benefit/

obsidian · « **Reply #8066 on:** September 23, 2021, 12:45:09 AM »

Quote from: FitnessFrenzy on September 19, 2021, 01:07:57 AM

Who is this?

Flexacon · « **Reply #8067 on:** September 23, 2021, 01:10:02 AM »

Quote from: obsidian on September 23, 2021, 12:44:33 AM

Bitboy claims they were bailed out.

Is this a bailout or not?

https://coingape.com/china-injects-19-billion-to-bail-out-evergrande-heres-how-crypto-market-can-benefit/

The type of bailout isn't clear.

I made an earlier post that China will look after China. So far only "onshore" debts have been can kicked.

We'll find out soon what happens to offshore (foreign investors) debts. If they are left to eat it then crypto will likely take dump, possibly multiple dumps.

Theoak* · « **Reply #8068 on:** September 23, 2021, 03:38:01 PM »

Quote from: obsidian on September 23, 2021, 12:44:33 AM

Bitboy claims they were bailed out.

Is this a bailout or not?

https://coingape.com/china-injects-19-billion-to-bail-out-evergrande-heres-how-crypto-market-can-benefit/

I wouldn't invest much mental real estate into what that shilling fraud has to say. He is almost as believable as the people calling for sub 20k btc.

In other news

https://twitter.com/jackmallers/status/1441089090628177933?s=20

BTC wins.

Flexacon · « **Reply #8069 on:** September 24, 2021, 04:30:30 AM »

China has made btc and crypto transactions illegal. There was also a phantom red candle yesterday that showed btc crashing 90% on some wall st exchange.

Good FUD to get the price to dip