News suggest people waiting to see what FOMC meeting brings, could pump/dump after depending on message around rates/QE etc. buy the dip now and then buy a bit this weekend IF it dumps further? I only really buy in small qtys at a time though, like Alts atm
This is why i only gamble 5 or 6k and sell at the first sign of trouble haha. Just too damn volitile. Im waiting for now, hopefully drops to 10 or 20k again but im not going to try to catch a falling knife. Confirmation is the best indicator and dont get greedy.
Depends on further movements but as things look now, I will take a bite at around $37K, or if it turns upward, around $52K.
when the three hikes come in May and after 2022 cryptos rates would be unbearably high, can kill it at certain point
Just a quick question, what are you guys (exchange) using to short crypto? I haven’t shorted anything up to this point, but I’d like to dip my toe and see how it goes
The timing is to do... something like Ratio.... ( Gold : silver ratio ) ; but one must use their main Index. ( Any coin ) But make sure your calculation is dead correct and don't lose too much on exchange + gases. Some will do CFD trading, but think one must have more knowledges about this. ( A tricky one )
Thanks for that Chip. Have you used or do you know which exchanges are good to use for this? Ie Binance, Ftx, or a decentralised version?
I think most futures trading for crypto happens on Binance, but I could be wrong. Word is Binance also actively intervenes in the market themselves to induce margin calls, but that could just be rumours from shitty traders who are butt hurt and can't risk manage.
@alor - so why would crypto's be high if fed raises interest rates ? isn't all the free QE money pumping the market ? with higher interest rates, how does that co-relate to higher prices in crypto.
some people loan out their cryptos and earn interests on them so with higher volitility, come higher interests, so when there is interest increase, it will just follow the only time when such small interest adjustment will not change it, is only when cryptos are all flat, which is highly unlikely but the future are never predictable
No-one knows how deep this trench goes, but I think some are already very low such as: BitTorrent, RavenCoin, Cardano, Stellar... etc. The ones that are surprisingly high are: Ethereum, Solana - oddly, they barely corrected. Don't bother with Hex, nor with ShibaInu, they just can't be taken seriously. These are like toy coins. This is interesting, because the coins seem to separate from each other. They are not as linked to Bitcoin as they all were just a short time ago. The ones that went back to their previous horizontal levels (on the charts: the mountains collapsed and they are back to the plain-level), those might be a good buy right now. I think we might see a deeper drop as we get into Christmas and New Year, but then January should bring higher prices (this happens on the currency markets and with PM's as well). Right now Bitcoin and Ethereum are among the riskiest assets to buy. Permabulls are mentally ill. Never buy anything that's so terribly expensive, highly volatile and just getting on a correction path.
I don't think that's a smart move right now. Doge is dodgy, but notorious. It's simple and dumb enough to take off one day. It only needs practical use. Ethereum, Cardano, Solana, XRP and Bitcoin are on discount right now. They will be for a while, then the market will have bottomed. Gold looks like it is getting ready to sink down to 1,300 $. At the same time I think that Bitcoin could dive down to 10 k $. Perhaps winter will bring more crisis and less speculative appetite, less appetite for buying shares and that's when this environment could form. That will probably be the best buying opportunity before the big SHTF. Or, I may be wrong and this is actually somewhere around the bottom. Cryptos have been trading sideways for a while and many of the "experts" are not bullish. Many of they claimed that they are "not buying the dip". Regardless, DOGE is probably not the smartest investment right now. Not DOGE, probably Ethereum will be a great buy if Bitcoin junks down to 10 k $.
