Monitoring the Crypto Bubble

Where do you think we are in the crypto bubble?

  • Total voters
    146
Ipv6Ready said:
Let's get some traction to drive BTC below $21,000 to bankrupt MicroStrategy

Just planting the seed in few forums
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Wow even though when I wrote the above on the 22nd of May 2022 it was as a silly joke, it is about to happen.

Anyone wondering about the $21,000 margin call and how I know... well it is well known and and it was Microstrategy CEO who said. So I am not making it up. Plus he repeated this in many different interviews (many are on YT) not just once.

Also if you have wallets or coin in Binance, actually in ANY EXCHANGE take it back now, this is not the time to be keeping it anywhere but in your possession.
 
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neonuke said:
And 200WMA has been hit, I'm holding off for now, the macro environment is different this time around, rate hikes on the horizon, risk off environment, also relative low volume slow bleed rather than mass capitulation. Maybe headed lower towards 300WMA. I'm waiting for high volume down wick to DCA in, not catching a falling knife right now.
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This, just let gravity do its thing haha.
 
hardyakkagold said:
The $22k level seems to be holding for now.

Z H is reporting that it is the Asians buying up what the Americans are selling now, not sure I buy that simplistic explanation as
there are some big fish in the crypto markets who could be influencing things.

Anyway, it is going to be an interesting week in all the markets with the interest rate decision and other things.

Living in interesting & turbulent times does not have to be a Chinese curse, it can de a financial blessing
if you have stacked the precious metals in the good times to tide you over the difficult times.
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why tf do you continue to peddle metals in a crypto thread? we are talking about liquidations, who lends against gold?
 
looks like celcius survived their liquidation for now, once their solvency is public will be the time to decide.
 
dozerz said:
why tf do you continue to peddle metals in a crypto thread? we are talking about liquidations, who lends against gold?
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it's like inception, a crypto thread in a metals forum. Seems to me that the metals discussion takes precedent on a metals forum. Just like crypto would in a metals thread in a crypto forum
 
serial said:
it's like inception, a crypto thread in a metals forum. Seems to me that the metals discussion takes precedent on a metals forum. Just like crypto would in a metals thread in a crypto forum
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The owner of this forum was the one who decided to include a crypto sub-forum.

Following your argument that metals discussion takes precedence then there is little place for JOTD, discussion on RE/shares or the Covid discussion that has taken place over the last two years.
 
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serial said:
it's like inception, a crypto thread in a metals forum. Seems to me that the metals discussion takes precedent on a metals forum. Just like crypto would in a metals thread in a crypto forum
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so you not allowed to like both cryptos and metals now? or make comments on relevant threads? we have to put up with metal maxi no coiners posting their dribble in crypto threads?
 
dozerz said:
so you not allowed to like both cryptos and metals now? or make comments on relevant threads? we have to put up with metal maxi no coiners posting their dribble in crypto threads?
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Actually you said that not me. I'm saying that someone posting comparison to precious metals in a crypto thread on a metals forum is fine imho. Especially in a thread dedicated to discussing the bubble like Nature of cryptos. Now if you had a thread discussing the technical of a new crypto dedicated to this or that then it would be troll like to discuss metals in it but in this thread no, your both wrong
 
mmm....shiney! said:
Don't be stupid, the owner of this forum was the one who decided to include a crypto sub-forum. Time for the anti-crypto trolls to just build a bridge and get over it.

Following your argument there is no place for JOTD, discussion on RE/shares or the endless anti-vax conspiracies and whining that has taken place over the last two years.
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You ok mate? That comes off a bit confrontational and is the very definition of a strawman argument.
In a thread about the fragility and ultimate failure of cryptos the comparison to other assets that are more stable such as metals is entirely appropriate
 
Should I request a copywrite strike
Reproduction of my material without commentary or additional information is kinda superfluous
Curious as to the point your driving however
 
I thought this was a useful description of Celcius situation https://bmpro.substack.com/p/celsius-exchange-halts-withdrawals
Isn't Celcius still in "lockdown" mode and are they not using customer funds for topping up the liquidity?

FOMC tomorrow and any surprise there could pull the plug on all assets.

It's so endearing with the talk of crypto "network" and "community" imo, no different to the oft ridiculed WSS/Apes - I suppose it appeals to the basic human need to 'belong' with a tribe (no matter how dysfunctional).
At the end of the day everyone endures their own gains/losses though.
 
@serial, I'm not interested in pursuing some argument with you so I'll edit my original post and delete the rest. This point I will take up though:

serial said:
In a thread about the fragility and ultimate failure of cryptos the comparison to other assets that are more stable such as metals is entirely appropriate
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There is more to cryptocurrencies than price, the asset class is not fragile nor is it failing.
 
I am either recklessly stupid, or recklessly brave.
Not sure which one.
I have been buying more BTC overnight and this morning.

One of the Quotes that Ben Cowen often mentions on his channel:

Bull markets to make you money.
Bear markets to make you rich.

I thought for a long time about this quote and finally the Penny dropped.
This Bear market is very different to previous cycles.
However, it still contains the same ingredients.
Fear and Greed.

What makes this Bear Market very different.
There is a potential of a major shift within the Global pecking order.
The Empires are taking sides.
Economies around the World face Inflation, Food starvation in some countries, Wars in others and
to cap it off is a lack of leadership by Western Nations.
That includes the EU.
We appear to be entering into a deliberate dystopian future.

I don't like what I see.

For the moment, Cash is King.
 
mmm....shiney! said:
@serial, I'm not interested in pursuing some argument with you so I'll edit my original post and delete the rest. This point I will take up though:



There is more to cryptocurrencies than price, the asset class is not fragile nor is it failing.
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Well using the typical measure of its monetary value I disagree, it is looking incredibly fragile and is a quarter of its high value. That says to me that it's failing. Is this the bubble finally bursting? We will see in next few weeks
 
serial said:
Well using the typical measure of its monetary value I disagree, it is looking incredibly fragile and is a quarter of its high value. That says to me that it's failing. Is this the bubble finally bursting? We will see in next few weeks
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Well everything credit is imploding. Gold and silver aren't mooning even though they aren't credit derivatives.
 
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