Monitoring the Crypto Bubble

Where do you think we are in the crypto bubble?

  • Total voters
    146
Golden ChipMunk said:
Cash are determine by Inflations, How much of your dollars can purchases.
People still think plastics dollars still worthing more?
Not really , with Fuel price up ... everything will be more or getting expensive.
The snow ball effects starts the chains, whether you like it or not... this will affect everyone in the way.
Click to expand...

Cash held 3 months ago worth more than your crypto mate can't see what point your making it's easy to say cash is trash and still be poor without it. Anyone on a precious metals forum should know after 5 min why we are here and why fiat cannot be trusted. But there are still stupid and smart ways to play it. Is anyone else seeing more stupid than smart?
 
heartastack said:
Cash held 3 months ago worth more than your crypto mate can't see what point your making it's easy to say cash is trash and still be poor without it. Anyone on a precious metals forum should know after 5 min why we are here and why fiat cannot be trusted. But there are still stupid and smart ways to play it. Is anyone else seeing more stupid than smart?
Click to expand...

you need to be earning 30% on your cash for it to keep up with inflation, otherwise yes its worth less now.

all depends on what yard stick youre measuring it against. in hindsight everyone knows the best move would have been to sell the top of btc at 60k to cash and buy back here or lower, maybe someone will remember this on the next cycle?
 
dozerz said:
you need to be earning 30% on your cash for it to keep up with inflation, otherwise yes its worth less now.

all depends on what yard stick youre measuring it against. in hindsight everyone knows the best move would have been to sell the top of btc at 60k to cash and buy back here or lower, maybe someone will remember this on the next cycle?
Click to expand...

A pretty obvious yard stick, the one where you lost money or didn't. I'm not here to shame anyone I've likely lost more than most of you in my time. I see people's emotions talking at me and little objectively valuable discussion that's all. Throwing around buzz words like 'cheap' and 'hindsight' and 'inflation' mean fuckall compared to a few weeks ago but doesn't look that that's well understood.
 
dozerz said:
real video of hardyakkas thoughts on bitcoin

Click to expand...

And you believe it? That guy came from zero, is just a big mouth with very little substance. He is certainly going to stay at zero. Self-absorbed CHARLATAN with violent arrogance covering his lack of substance. Snake oil salesman selling impressions, not substance.

Empty boxes make the loudest noise. Just watch how he dominates entire crowds of naive/dumb/weak people.

Who the hell is that guy? I follow REAL specialists, economists, investors. From Marc Faber to Jim Rickards, Peter Schiff etc. Andrei Jikh (YouTuber) also knows a lot.
 
^
And, in essence, if you're paying attention, he never says anything of value. Just goes on and on. It's humiliation & impression freakery mixed with a ton of senile snobism.

One day I tried to research who he is and there were so many foggy sources, no-one really knew who this guy actually is. Perhaps he's done some PR since then :D

And, people used to say Kiyosaki is a snake oil salesman. But Kiyosaki is far above this guy :D
 
Bill Ackman shares a similar view to some on BTC, saying it's a purely speculative bet because no value is created ie nothing is produced and then sold for consumption. He contrasts that with Helium which generates revenue by providing a wireless network service for users. The interview is over a year old but I think Ackman is not entirely up to speed on the sector, for example programmers and developers are able to create smart contracts on the BTC platform. These allow users to stipulate conditional criteria from the very basic through to the complex to transfer payments between users once the criteria in the contract have been satisfied without the need for third-party authentication.

 
Onchain data doesn't suggest the BTC market is bleeding out, rather that it's trading channel has been squeezed:

Bitcoin remained within our previous trading channel. The charged macro-environment continued to pressure the price action as different investor profiles weight the current conditions.
Click to expand...

Read Glassnode's report here: https://glassnode.substack.com/p/uncharted-17?utm_source=email&s=r

It's always good practice to weigh opinion against empirical evidence.
 
Cryptos breaking down key resistance levels on the way down.:eek:

I think this is a prelude to what will happen in the broader stock and financial markets come Monday.

Some will celebrate and some will commiserate.

Don't say you were not warned.;)

Screenshot 2022-06-12 at 15-15-48 All Cryptocurrencies - Investing.com.png
 
I sold everything, including ETH, SOL, and a few others.
Also sold a small amount of BTC and kept some cash
Have my stops in for BTC as I think it is going to go a lot lower in a very choppy market, as the Alts continue to bleed out.
Timing and strategy is everything in this market.
Kept my Dog and Cat.:)
 
^^^
If they are doing that already without the financial/stock markets having a major meltdown as of yet, then crypto holders are fucked.

What will happen when the margin calls force more selling and liquidation of assets.

This shit is going to get very ugly very soon.

Bitcoin is now at $24k and dropping, the next support level is $22k, if that doesn't hold then it will go to $15k quickly.

Finviz is showing S&P 500 futures down over 6.40%! I hope that is a glitch otherwise all hell is going to break loose.

Good to stock up on popcorn and stay up late tonight to see what happens.
 
You must log in or register to reply here.
Back
Top