If i had more certainty in the crypto markets i would hodl but id rather sell and keep my profits for reinvesting later. I dont have the hodl mentality at all and im glad i dont. Id hate seeing my gains vaporize like that.
Some of the coins are very low (they are somewhere at their last 1-2 years low), the ones that didn't crash are BTC, ETH, Solana etc. big ones. So, perhaps this is a buying opportunity for some of them. Also: I can imagine Bitcoin and Ethereum crashing and perhaps gold will also take a dive and only THEN, LATER will the stock market crash occur. So, I can imagine investors running to crypto and PM's as "safe haven". This is just my imagination, of course. It looks like cryptos are going to correct seriously and we still don't know when a stock market crash could occur...
Im going to try to ride that right shoulder for a little more cream before im out for awhile. Hopefully it takes a huge dive after that and i can have a second shot at 20k and its all i want for Christmas!! I promise ill be a good boy!
Feb 2020 = liquidity crisis. All markets tanked, the initial flight was to the USD. This presented a buying opportunity for anyone that had dry powder, following the correction money flooded into the stock market, crypto currencies, gold and RE. Now while the timeline for each event occurring was fairly close, history points to the share market collapsing firstly, probably because more institutions are exposed to it than crypto. If we look at what The Fed is currently doing with the tapering of purchases it presents a headwind for all markets, and while gold and crypto in particular may see larger declines than the share market neither will be the catalyst for a grey swan event. What may be likely to happen over the course of the coming months is once the tapering talk has died down, and the trillion or so $ currently held by Treasury (combined with the lifting of the debt ceiling) makes its way into the banking sector - together with the trillions held as savings by retail investors already in the banking sector - we will see asset prices rise once again, and this will include the price of many cryptos and to a lesser extent of course the POG. So BTFD and HODL your favourite asset classes.
A couple more indicators: 1. Illiquid supply of BTC at ATH. Illiquid supply in red, BTC price in black. 2. BTC ETF holdings example: Rising institutional demand in the face of falling supply.
Russia is going full ret... China? -- MOSCOW, Dec 16 (Reuters) - The Russian central bank wants to ban investments in cryptocurrencies in Russia, seeing risks to financial stability in the rising number of crypto transactions, two financial market sources close to the bank said. Leading cryptocurrency bitcoin fell after the report to $48,656 from levels around $49,144 seen shortly before. Russia has argued for years against cryptocurrencies, saying they could be used in money laundering or to finance terrorism. It eventually gave them legal status in 2020 but banned their use as a means of payment. The central bank is now in talks with market players and experts about a possible ban. If approved by lawmakers, it could apply to new purchases of crypto assets but not to those bought in the past, said one of the financial market sources, who requested anonymity due to the sensitivity of the matter. Another source close to the Bank of Russia said the central bank's current position was a "complete rejection" of all cryptocurrencies. In a reply to Reuters' request for comment, the central bank said it was preparing an advisory report to voice its stance on the issue. It did not comment on specifics. RISKS The annual volume of cryptocurrency transactions carried out by Russians is about $5 billion, the central bank has said. Central Bank First Deputy Governor Ksenia Yudaeva said this month that cryptocurrencies' increasing popularity raised concerns about risks to financial stability. "The situation in developed market countries more and more resembles the so-called shadow financial system," Yudaeva wrote in an article, adding that use of cryptocurrencies lowered the efficiency of monetary policies. Pointing to China's experience, she said Russia needed a further adjustment of cryptocurrency regulation. In September, China intensified its crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks. read more Meanwhile, the Bank of Russia is planning to issue its own digital rouble, joining the global trend to develop digital currencies to modernise financial systems, speed up payments and counter a potential threat from other cryptocurrencies. https://www.reuters.com/markets/cur...ment-cryptocurrencies-sources-say-2021-12-16/
Crypto Rich Flock To Puerto Rico, World's New Luxury Tax Haven Paradise https://www.zerohedge.com/crypto/crypto-rich-flock-puerto-rico-worlds-new-luxury-tax-haven-paradise
In November, prosecutors obtained a warrant to seize more than 49.1 bitcoin, worth $2.3 million, from a crypto wallet that traced back to Yip. Um I thought Bitecoin was invulnerable. https://www.zerohedge.com/political/us-offers-35-million-prize-aid-capture-drugmakers-china-mexico
"Bored Ape" NFT Sells For Just 1% Of Expected $300,000 Price Tag After Fat Finger Listing https://www.zerohedge.com/markets/b...ted-300000-price-tag-after-fat-finger-listing
Yip is old and he has 49.1 BTC to deal in synthetic, wow but his crypto wallet got confiscated by US prosecutors he better find another way of dealing, maybe take an MBA cource with HSBC , those old opium tricks could come in handy.
Ah right.. didn't see the quote in you reply, only your comment right below my post, so was wondering. No worries.
someone commented after reading about confiscated wallet, but Yip...Fat the owner, an old man, is the synthetic distributor to Mexico living in Wuhan. is on wanted list in US lol
so it is very easy to entrap a person, and create direct deposits without him knowing, and wall-up he is on the wanted list in US and his wallet is gone. from all directions can be link to synthetics.
don't think the pawn, an old man need a VPN the operators should have that covered, but VPN should be one based from outside of US back then China has not ban this, now VPN use is rampant in China, else no way access such sites
