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

[Thin Lizzy]

CPI tomorrow will determine if today was a shakeout. I'm sitting more on the side that everything that was going up today continues going up.

So far, it’s a classic bear market with rallies getting launched from lower and lower levels:

[Thin Lizzy]

The financial media today labeled the stock market as “Dip Buying”

How do they know it wasn’t mainly swing trader short covering?

[Flexacon]

So far, it’s a classic bear market with rallies getting launched from lower and lower levels:

Not saying you're wrong because that's exactly what it looking like, but these days it's a clown market. Everything is sentiment driven and the manipulation isn't even subtle any more.

Markets apparently went up today because of positive sentiment with Venezuelain oil, Ukraine no longer chasing Nato membership and Indian wheat making up for the loss of Ukrainian wheat.

I posted some of this news a few days, but this makes the market go up today? BS

The Wall St. Sleight of hand you refer to works both ways. Those expecting a bear market may be the ones that get played.

I'm excepting the CPI figure won't be as high as expected. Maybe as optimistic as 6.9%

[Thin Lizzy]

I don’t put much value in economic reports. I see them more as rationalizations rather than causes of price moves. I look mainly at price action which cuts through all the bullshit:

These are some serious companies taking hits that are much more than corrections:

[Thin Lizzy]

Fb

[Thin Lizzy]

PayPal

[Mayday]

So far, it’s a classic bear market with rallies getting launched from lower and lower levels:

Yep I agree with you Lizzy, so many similarities to GFC.

There has been no BANG like the pandemic and it’s following the same bleed as GFC. The same patterns aswell where inflation went bananas and energy took off for 7 more months as stock sold off.

Look at today. Inflation is bananas and energy has taken off while stocks selling off. Retail now taught to buy the dip and have don’t it for 3 months. Liquidity is dried up just like GFC and both shorts and longs on the daily get wrecked. See oil last night? 103-126 range, everybody getting wrecked. Same shit all over again.

CDSs also doing the exact same thing as GFC rising up suggesting defaults ahead. That shit isn’t going away, they will default First and bailout second.

Energy has heaps to go yet and if history is similar to GFC we are 3 months into a 6-7 month leg. No pain really until 150+ At which point inflation is gutted as demand is crushed and consumption goes down.

AAPL is pretty much the last one standing, if that goes the S&P takes the next step down sub 4200 and crypto also steps down.

Retail been taught to buy the dip in everyone is buying saying calling the bottom on everything is in.

[2020 Olympia]

I have 15k to spare and would liketo put it in crypto. Any suggestions would be appreciated. Also how to go about it... am new at this

[jude2]

I have 15k to spare and would liketo put it in crypto. Any suggestions would be appreciated. Also how to go about it... am new at this

Get app that lets you buy Crypto. I would put half in BTC and ETH.

[2020 Olympia]

Get app that lets you buy Crypto. I would put half in BTC and ETH.

thank you... what app?

[obsidian]

I have 15k to spare and would liketo put it in crypto. Any suggestions would be appreciated. Also how to go about it... am new at this

If you are in USA, create a Coinbase or Binance.us account. Then once you are confirmed via SSN and photos you can add a bank account and deposit dollars directly into your Coinbase or Binance accounts. It could take a while to get the approval so start now to get it set up at least.

Once the money is in your account you can buy cryptos with your $15,000.

[robcguns]

I have 15k to spare and would liketo put it in crypto. Any suggestions would be appreciated. Also how to go about it... am new at this

/quote]

5k in chainlink- the oracle will 20-50 fold eventually.
5k in alchemy pay- pay rail will easily 50 fold within a year or two and eventually 100 fold as market cap is so low.
5k in decentraland or gala. Solid gaming crypto will no doubt 10-20 fold with in a year or two and eventually a lot more.

Being as the future is gaming and virtual worlds gala and decentraland is a no brainer I would have no problem going 50/50 in both with 15k.

I would use coinbase or crypto.com if available where you are.

[Thin Lizzy]

Yep I agree with you Lizzy, so many similarities to GFC.

There has been no BANG like the pandemic and it’s following the same bleed as GFC. The same patterns aswell where inflation went bananas and energy took off for 7 more months as stock sold off.

Look at today. Inflation is bananas and energy has taken off while stocks selling off. Retail now taught to buy the dip and have don’t it for 3 months. Liquidity is dried up just like GFC and both shorts and longs on the daily get wrecked. See oil last night? 103-126 range, everybody getting wrecked. Same shit all over again.

CDSs also doing the exact same thing as GFC rising up suggesting defaults ahead. That shit isn’t going away, they will default First and bailout second.

Energy has heaps to go yet and if history is similar to GFC we are 3 months into a 6-7 month leg. No pain really until 150+ At which point inflation is gutted as demand is crushed and consumption goes down.

AAPL is pretty much the last one standing, if that goes the S&P takes the next step down sub 4200 and crypto also steps down.

Retail been taught to buy the dip in everyone is buying saying calling the bottom on everything is in.

If you bought Apple on the dip at 170 or 165 the latter being a 10% dip which is a common entry point, you’re already in a hole:

[Thin Lizzy]

Amazon has been very manipulated. It had a big 15% earnings bump which was trumpeted by the media as the largest one day market cap upside move ever. What they left out of the story is that it had dropped 8% the prior day, so the net was only 7. It has since given all that back, made a new low then reversed on the bounce day and then on the 20/1 stock split and 10 billion buyback story. The stock split is just taking your 100 dollar bill and giving you 20 5s. The buyback is less than 1% of the outstanding stock.

IMO, insiders are looking to dump it. Stay away.

[OneMoreRep]

SEC vs Ripple case is really starting to look promising for Ripple.

New developments occurred today that caused a > 10% pump in $XRP price action.

"1"

[Mayday]

If you bought Apple on the dip at 170 or 165 the latter being a 10% dip which is a common entry point, you’re already in a hole:

The dip that just keeps dipping.

 just now we have govt calls here on prison island for masking and immediate work from home because of the new covid variant which nobody has yet.

Consumer demand gunna get torn to shreds very very soon. None of that is priced in.

[robcguns]

SEC vs Ripple case is really starting to look promising for Ripple.

New developments occurred today that caused a > 10% pump in $XRP price action.

"1"

Xrp will be huge.

[Thin Lizzy]

The dip that just keeps dipping.

 just now we have govt calls here on prison island for masking and immediate work from home because of the new covid variant which nobody has yet.

Consumer demand gunna get torn to shreds very very soon. None of that is priced in.

From what I’ve seen y’all are a year behind in the scam. In NYC, we’re wrapping it up, mask and vaccine mandates are done.

[Mayday]

From what I’ve seen y’all are a year behind in the scam. In NYC, we’re wrapping it up, mask and vaccine mandates are done.

Just Seasonality. When you have Summer we have Winter.  We will follow whatever you lot do and Police will beat up 80yr olds again.

[Flexacon]

Tech stocks were in a bubble. It wasn't going to last. I don't know anyone buying back in as no one knows what to do right now because of inflation and the war in Ukraine. Even if buy the dip and the markets go up, you'll still probably be losing wealth.

I've actually been telling non crypto guys to start accumulating Bitcoin. The crypto friendly announcements and what bitcoin has done and shown it can do in the real world the last few months is probably more bullish for btc than everything combined since it's inception.

Once BTC price starts running again it wont stop.

[Mayday]

Tech stocks were in a bubble. It wasn't going to last. I don't know anyone buying back in as no one knows what to do right now because of inflation and the war in Ukraine. Even if buy the dip and the markets go up, you'll still probably be losing wealth.

I've actually been telling non crypto guys to start accumulating Bitcoin. The crypto friendly announcements and what bitcoin has done and shown it can do in the real world the last few months is probably more bullish for btc than everything combined since it's inception.

Once BTC price starts running again it wont stop.

US Retail has been dip buying the stocks. 2nd largest retail buying in Jan and then it dipped again. I know people who dumped into stocks in Jan to buy the dip and they are scratching their heads.

BTC will do amazingly good once things settle down and people know where the bottom actually is.

historic BTC capitulation happens when mining is not worth it anymore. Previously it was caused by the selling off of BTC causing price drops however consider our scenario today and a sell off isnt necessarily a problem but the rising cost of energy is.

The immediate threat to BTC is rising energy costs causes miners to shutdown and dump their holdings. I haven’t seen anybody talk about the cost to mine BTC and yet it’s literally standing on the edge of the abyss……. 👀

[Flexacon]

US Retail has been dip buying the stocks. 2nd largest retail buying in Jan and then it dipped again. I know people who dumped into stocks in Jan to buy the dip and they are scratching their heads.

BTC will do amazingly good once things settle down and people know where the bottom actually is.

historic BTC capitulation happens when mining is not worth it anymore. Previously it was caused by the selling off of BTC causing price drops however consider our scenario today and a sell off isnt necessarily a problem but the rising cost of energy is.

The immediate threat to BTC is rising energy costs causes miners to shutdown and dump their holdings. I haven’t seen anybody talk about the cost to mine BTC and yet it’s literally standing on the edge of the abyss……. 👀

To be fair to people buying the dip in Jan, they probably had no idea of the Ukraine situation. Who saw that coming? 

Ironically though those dip buyers may get rescued, because the conditions are now starting to look perfect for money printing.

I use a similar oscillator and both say the same thing to me. We are at the 2017 stage. Late March we might get a small dump and then a green April. How big a green depends on what happens with the money printer.

The US (Texas) is laying down the foundations to lead the world in btc mining. Renewables/Solar are due to start going live in spring. As I said in my other post the news for BTC is overwhelmingly bullish right now and to me it doesn't look like it's been priced in/reflected in the price. Final hurdle for BTC is a spot ETF, by then 6 figures could be the floor price.

[Griffith]

To be fair to people buying the dip in Jan, they probably had no idea of the Ukraine situation. Who saw that coming? 

Ironically though those dip buyers may get rescued, because the conditions are now starting to look perfect for money printing.

I use a similar oscillator and both say the same thing to me. We are at the 2017 stage. Late March we might get a small dump and then a green April. How big a green depends on what happens with the money printer.

The US (Texas) is laying down the foundations to lead the world in btc mining. Renewables/Solar are due to start going live in spring. As I said in my other post the news for BTC is overwhelmingly bullish right now and to me it doesn't look like it's been priced in/reflected in the price. Final hurdle for BTC is a spot ETF, by then 6 figures could be the floor price.

 'ETH 2.0' should also be occurring in June.

Should be able to handle 200 000 transactions per second compared to the current 30.

Moving from Proof-of-Work to Proof-of-Stake should apparently also increase security and use very little electricity in comparison (99.5% less) and current gas fees should also be lower.

[Thin Lizzy]

Tech stocks were in a bubble. It wasn't going to last. I don't know anyone buying back in as no one knows what to do right now because of inflation and the war in Ukraine. Even if buy the dip and the markets go up, you'll still probably be losing wealth.

I've actually been telling non crypto guys to start accumulating Bitcoin. The crypto friendly announcements and what bitcoin has done and shown it can do in the real world the last few months is probably more bullish for btc than everything combined since it's inception.

Once BTC price starts running again it wont stop.

Pretty much every sector is tanking, now that energy has joined the party.

If I were to bet I’d go with Tesla hitting 400 before 1200:

[Thin Lizzy]

The Bitcoin ETF is down almost 50% since it first opened. Sorry, that’s more than a correction.