Monitoring the Crypto Bubble

[hardyakkagold]

The mining industry and the exahash of the network isn't necessary for the value of BTC. Only the number of nodes

Maybe so, but the cryptocurrency markets (like the sharemarkets) thrive on investor confidence and cheap money.

When events happen which shakes peoples confidence in a product (even if it does not affect them personally) then the inevitable scramble to get
out of that market insures.

The shitshow has not even properly started yet, so we will have to wait for higher interest rates and stock market correction for cryptos to find their true value.

And I would not like to be holding cryptos when that happens.

 

[mmm....shiney!]

The shitshow has not even properly started yet,

Taper Tantrums 2.0

 

[alor]

15,000 is a beatiful number

 

[JohnnyBravo300]

If it takes a fat dump maybe so!
The measured move for the head and shoulders puts it down around 17k if it breaks through the 30k mark.

 

[Stoic Phoenix]

And I would not like to be holding cryptos when that happens.

Clearly, you didnt even hold while some of us were 10x and 100x ing ser.

THank you, come again

 

[hardyakkagold]

15,000 is a beatiful number

Yes, a beautiful number if you want to see grown men cry, or jump of tall buildings.

 

[mmm....shiney!]

The measured move for the head and shoulders puts it down around 17k if it breaks through the 30k mark.

It's in the buy zone ($38K - $48K) if we see evidence of a correction, if it falls below $38 I'd hold off and wait to see what happens.

 

[alor]

Yes, a beautiful number if you want to see grown men cry, or jump of tall buildings.

but the market care NOT what happens outside, it moves own its own way

 

[hardyakkagold]

but the market care NOT what happens outside, it moves own its own way

Yes, the collateral damage does not matter to those who run the financial markets, the musical chairs show must go on regardless of the eventual outcome.

And we must all play our part and hope we are fast enough to find a chair when the music stops.

Or we can exit the system altogether and watch the unfolding entertainment show from the sidelines for free

 

[alor]

when there is interest in it, it introduces bias in the opinion

 

[mmm....shiney!]

when there is interest in it, it introduces bias in the opinion

Coz no-coiners aren’t biased.

Ever.

 

[66rounds]

 

[LiverBird]

BTC seems to have stabilized a tad, but where to next?
I would be very happy with the opportunity to top up sub 31k.

 

[JohnnyBravo300]

What if Schiff is right! Going to zero! Hes predicted 1000 of the last 2 crashes! Just sayin.

 

[Oddjob]

What if Schiff is right! Going to zero! Hes predicted 1000 of the last 2 crashes! Just sayin.

 

[Oddjob]

I swear there has to be a market for a Schiff meme coin....Punters would buy it at USD100.00 a coin just to poke fun at Schiff.

Peter Schiff NFT's of his BTC calls would also probably generate a few ETH on sale sites.

Here's the first NFT.

(Note: original image from google but just used an as example)

 

[Ipv6Ready]

If it drops to $35k USD I looking to get in for few BTC and sell out at $65k.

I missed the last cycle, but not fussed if I need to wait for the next cycle.

For those who are more into assertoric reseaching, have look at "new" buyers of BTC and the overall activity for BTC in Robinhood.

Buying Activity overall in RH = increasing price
Selling Activity overall in RH = decreasing price

My take RH users are the sheeple that creates momentum

In July 2021 -> The median Robinhood customer have $240 balance in their account. The average is about $5,000 so it is the perfect data to gleam on the uneducated investor watching Tictok and YT finance gurus

 

[heartastack]

If it drops to $35k USD I looking to get in for few BTC and sell out at $65k.

I missed the last cycle, but not fussed if I need to wait for the next cycle.

For those who are more into assertoric reseaching, have look at "new" buyers of BTC and the overall activity for BTC in Robinhood.

Buying Activity overall in RH = increasing price
Selling Activity overall in RH = decreasing price

My take RH users are the sheeple that creates momentum

In July 2021 -> The median Robinhood customer have $240 balance in their account. The average is about $5,000 so it is the perfect data to gleam on the uneducated investor watching Tictok and YT finance gurus

Calling a 35k bottom?

 

[Ipv6Ready]

Calling a 35k bottom?

Nah its just a planned entry point looking at sheeple activity, at the m,oment basically if RH data is saying RH users are selling or in limbo, why buy?

However a meme YT bid, a sexy Tiktok dance or Elon twit can put rocket on the price lol.

If I miss this cycle .... not fussed, there is always the next.

Basically I treat BTC as a speculative asset and I bought/sold on a repeat cycle of buying the drop and sell about double, even if the mometum is strong.

Normally I would consider $40k as big enough drop (last cycle I called $35K) but the last two years, I am loaded up on various 4c to 10c lithium explorers.

So I am hesitant to pull money from lithium into BTC, when 5x to 10x are on the offering in a year.

 

[JohnnyBravo300]

I saw a video of a guy that does astro crypto and he says the stars tell him the bottom was 40k.
I dont know how astro crypto is figured but he seems confident in the prediction.
It might be a new thing?