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

[Flexacon]

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:

Tesla is pretty much a tech company first and auto manufacturer second.

I'm mostly not involved right now (I was actually short everything until a few weeks ago) and I don't deny the market looks like it's heading into the abyss, but I just think they won't let it happen. More can kicking and possibly money printing.

I do think there is a good chance some mid sized funds get burnt and margin calls play out. The vix then has a good chance of squeezing, so I've made the appropriate moves. If the markets crash I'll get my vix squeeze too.

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

Bitcoin has dropped 50% during a bull market several times. 70% to 90% drops are when it's safer to say it's more than a correction and even then, not always.

[Thin Lizzy]

Yeah, I’d call Tesla a tech company as well.

The thing is that tech at this point is by far the biggest sector. Hard to see it tanking this hard and not dragging the rest of the market with it.

[Mayday]

Volatility move ahead.

Stoch rsi tapped out for days which generally means a volatility direction will be down.

Crypto And sharemarket rallied right back to resistance levels but didn’t get over.

I don’t think this is ‘the dump’ but i assume it’s a downward move that takes up back to range low.

Historically capitulation has happened from range lows. We have approx 3 weeks until it will be 1yr since the April peak which historically is the capitulation mark assuming it’s going to be from April.

0.5% rate rise in May and 0.5% rate rise in June is now the assumption. Markets have not priced in either rate rise despite what people say.

Nancy Pelosi just executed 1.25M of call option on Tesla. Made 1.25M if she sells them which is the assumption. She had a strike rate of $500 so its

[OneMoreRep]

Volatility move ahead.

Historically capitulation has happened from range lows. We have approx 3 weeks until it will be 1yr since the April peak which historically is the capitulation mark assuming it’s going to be from April.

Curious to see what April brings. Not really getting much of a temperature on the market in any direction.

I think we're on the verge of a new financial system. Something is coming, you can almost feel it beneath the surface, and it looks to be drastic.

"1"

[Theoak*]

Where's gib gone? Won't see him until 2025?

[Humble Narcissist]

Curious to see what April brings. Not really getting much of a temperature on the market in any direction.

I think we're on the verge of a new financial system. Something is coming, you can almost feel it beneath the surface, and it looks to be drastic.

"1"

Fed Coin?

[Flexacon]

Curious to see what April brings. Not really getting much of a temperature on the market in any direction.

I think we're on the verge of a new financial system. Something is coming, you can almost feel it beneath the surface, and it looks to be drastic.

"1"

No need for anything just yet.

The most transacted crypto outside the US are USD stablecoins. Crypto in it's current form helps keep USD as the worlds reserve currency.

[Thin Lizzy]

Curious to see what April brings. Not really getting much of a temperature on the market in any direction.

I think we're on the verge of a new financial system. Something is coming, you can almost feel it beneath the surface, and it looks to be drastic.

"1"

Facebook made a high in September went into a channel 10-15% below that high then tanked on earnings. I’m seeing that same setup in other mega cap tech stocks.

[Thin Lizzy]

🤔

[OneMoreRep]

Fed Coin?

That's coming. Following Biden's executive order on cryptos, it's clear Central Bank Digital Currencies are a priority. MIT is working with the Federal Reserve, so time will tell what they decide upon and if ANY of the current crypto companies have a role in the Fed's plans.

No need for anything just yet.

The most transacted crypto outside the US are USD stablecoins. Crypto in it's current form helps keep USD as the worlds reserve currency.

From a world view, something is happening. With various countries (Russia, China, India) turning on the USA and NATO, it's making a financial shift a real possibility. Granted, I don't know when, but I do believe it's soon.

Facebook made a high in September went into a channel 10-15% below that high then tanked on earnings. I’m seeing that same setup in other mega cap tech stocks.

I saw the same and I'm wondering who's next to take the nosedive.

"1"

[Thin Lizzy]

That's coming. Following Biden's executive order on cryptos, it's clear Central Bank Digital Currencies are a priority. MIT is working with the Federal Reserve, so time will tell what they decide upon and if ANY of the current crypto companies have a role in the Fed's plans.

From a world view, something is happening. With various countries (Russia, China, India) turning on the USA and NATO, it's making a financial shift a real possibility. Granted, I don't know when, but I do believe it's soon.

I saw the same and I'm wondering who's next to take the nosedive.

"1"

I’d bet eventually Amazon. It’s still got about a 45 PE. Apple’s is less than 30.

[OneMoreRep]

I’d bet eventually Amazon. It’s still got about a 45 PE. Apple’s is less than 30.

Amazon has certainly been overprice/overvalued for quite some time. It's P/E ratios have historically been astronomically high. As inflation continues to worsen, I think it will reveal itself. Hard to sell so much shit when you have a disruption in supply chain, scarcity of products and high price tags.

Still, I think it's a good company, much like Walmart in many respects, but its PE isn't lying.

"1"

[GymnJuice]

I do not own any bitcoin but was thinking of dipping my toe into the market as a hedge against inflation. Is there any utility in owning something like Grayscale or is that a waste of time?

[Mayday]

This BTC rally could be on it’s last legs. On chain has seen large spot selling but large buying on derivatives. That’s a setup for a cascade down.

Dominance for the 2 previous rallies have the same top look as this one and both had days before a downtrend in BTC price.

[OneMoreRep]

This BTC rally could be on it’s last legs. On chain has seen large spot selling but large buying on derivatives. That’s a setup for a cascade down.

Dominance for the 2 previous rallies have the same top look as this one and both had days before a downtrend in BTC price.

I'm starting to lean more on cryptos that can facilitate liquidity for CBDCs and interoperability of ledgers.

Do you have any interest in this paradigm? Any cryptos you're watching (goes for everyone)?

"1"

[Mayday]

I'm starting to lean more on cryptos that can facilitate liquidity for CBDCs and interoperability of ledgers.

Do you have any interest in this paradigm? Any cryptos you're watching (goes for everyone)?

"1"

I am sticking to my own strategy which won’t be for everyone.

My assumption is it’s all pretty much nothing but memes. All of it. Forget usage (BTC has none). Forget Defi (ETH can’t scale). However we are in meme life right now. Young kids buy cryptos. Young kids love memes, they yolo because their friends yolo, they follow trends.

I hold HEX which is staked. I YOLO’d hard into the Pulsex sacrifice ICO. I have a remaining sizeable USDT which half is buying Pulsechain at launch and half is buying Pulsechain at the first dip. I get free PHEX to match my HEX so that was a nice incentive to buy HeX to begin with.

Basically I am buying to the community meme and this is the first with multiple coins that all function together. A number of YouTube influencers are all involved but they are not saying anything right now —> classic get in early then shill the fuck out of it.

I always maintained the only thing that mattered was the bottom or launch of a crypto. This has some serious players involved aswell, wallets that hold billions in BTC and ETH. Fuck it, follow the rich people.

[Flexacon]

I'm starting to lean more on cryptos that can facilitate liquidity for CBDCs and interoperability of ledgers.

Do you have any interest in this paradigm? Any cryptos you're watching (goes for everyone)?

"1"

Ripple and Wells Fargo Collaborating on SWIFT Replacement

https://cryptosnewss.com/ripple-partner-and-wells-fargo-collaborating-on-swift-replacement/

[Flexacon]

I am sticking to my own strategy which won’t be for everyone.

My assumption is it’s all pretty much nothing but memes. All of it. Forget usage (BTC has none). Forget Defi (ETH can’t scale). However we are in meme life right now. Young kids buy cryptos. Young kids love memes, they yolo because their friends yolo, they follow trends.

People gave up on BTC and ETH in Dec 2018 for valid reasons, but those who could see the potential still in it made a lot of money.

Things are completely different now. We are in the home straight. ETH has already scaled via layer 2s and actual products and market places are already in beta testing. Only way anyone loses now on ETH is if it somehow trips up over itself.

BTC is doing BTC things, even I have nothing negative to say about it.

Luna buying $10 billion worth of BTC and ETH merge around corner. You don't need to be bullish, just don't let the market scare or bore you out of it.

[Mayday]

People gave up on BTC and ETH in Dec 2018 for valid reasons, but those who could see the potential still in it made a lot of money.

Things are completely different now. We are in the home straight. ETH has already scaled via layer 2s and actual products and market places are already in beta testing. Only way anyone loses now on ETH is if it somehow trips up over itself.

BTC is doing BTC things, even I have nothing negative to say about it.

Luna buying $10 billion worth of BTC and ETH merge around corner. You don't need to be bullish, just don't let the market scare or bore you out of it.

Crypto has a green light from the US and EU so it’s golden now, I agree.

Time wise, Deflation/inflation waves have us tightening right now which means I am waiting.

I am positioned very well at the moment so I’m good. I still think the market is going to utterly wreck people both crypto and the sharemarket because people are today thinking they are front running the next inflationary wave when reality is we have not yet had the deflationary wave hit.

[jude2]

What do you guys think of Ethereum classic.  It is going up lately $48 now.   I am stuck in it for $120. Do you think it has room to run? I want to get out and stick with Ethereum.

[Notomorrow]

     Bitcoin price range is stabilizing. It seems $38-$42,000 is getting pretty close to stable. Once there is stability, it could theoretically switch from wild speculation to legitimate investors getting involved.

     I just saw today how it can be useful as I made a purchase with PayPal credit(no interest if paid off in 6 months), which I was instantly approved for, but then realized to pay it off you are forced to link your bank account. You can't pay with your debit card or other means. The system wants those linked bank accounts so they have you. I had to call and they "allowed" me to send a physical check for payments via snail mail. You see what they're doing?

     The system wants your Google account, bank account, credit cards, and ALL your money linked together with autopay "for your convenience". Then they've GOT you. They can just take your money, no need to ask anymore. The DMV will link in, IRS will link in, and then fees can't be disputed. You can't go anywhere else.

One world finance. .

Bitcoin avoids that. Bitcoin(or other crypto) is currently one of the few financial escape plans for that scenario.

Still Gossip and Opinion, but 2022 could be a big year for Bitcoin. 

[Flexacon]

     Bitcoin price range is stabilizing. It seems $38-$42,000 is getting pretty close to stable. Once there is stability, it could theoretically switch from wild speculation to legitimate investors getting involved.

Still Gossip and Opinion, but 2022 could be a big year for Bitcoin.

I'd argue that's already happened. Billionaires like Jamie Dimon (JPMorgan) Ken Griffin (Citadel) Ray Dalio (Bridgewater) were either lukewarm or outright shit talked bitcoin and crypto for years. They are now talking it up so you can bet they already have exposure to it.

It's also now political suicide to be anti crypto.

Stability wise I don't think we're there yet. 50% swings will still be pretty common.

[Flexacon]

People gave up on BTC and ETH in Dec 2018 for valid reasons, but those who could see the potential still in it made a lot of money.

Things are completely different now. We are in the home straight. ETH has already scaled via layer 2s and actual products and market places are already in beta testing. Only way anyone loses now on ETH is if it somehow trips up over itself.

BTC is doing BTC things, even I have nothing negative to say about it.

Luna buying $10 billion worth of BTC and ETH merge around corner. You don't need to be bullish, just don't let the market scare or bore you out of it.

Benjamin Cowen obviously reads my getbig posts

https://twitter.com/intocryptoverse/status/1507818464832114693

Benjamin Cowen
@intocryptoverse
#Bitcoin is doing #Bitcoin things

[Mayday]

Stability wise I don't think we're there yet. 50% swings will still be pretty common.

50% from 45k gets us to 22.5k if capitulation is on the cards in the near term. Grayscale still at -25% premium so all these big buyers are not buying more than the spot market.

There has been no strength behind this current rally compared to the previous one. Volatility move not yet printed so it’s still waiting in the wind.

The June bottoming had 3 touches to the downside and then up. This time we have 3 touches to the upside and then…….

[FitnessFrenzy]

I bet stocks open in the green monday with this rise in BTC price over the weekend. We are risk-on right now.