Make your vote, Bitcoin will hit 18K now?
- Thread starter SoNewToAllShit
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Yeah although me and Golden Fleeces approach probably differ a lot and there is lot of︂ analysis here( and i dont like to dish out too much blah blah)-but this is︃ bang on.Bear market isn't over yet -neither in stocks nor crypto - it aint over︄ till the last Bull capitulates.There is going to be even more pain forward.
Not necessarily. FOMO and ignorance also explains it. And DCA is a viable strategy, not necessarily idiocy.
Smarter than the herd, perhaps. These types of interest rate hikes have not occurred in many decades, so the overall trend is obvious. The choices of the central banks are also obvious: continued rising inflation or a recession.
The capitalist market forces are quite clear. The main wildcard is government intervention. Does the Fed continue to fight inflation with further rate hikes and thereby ensure a recession or does it eventually ease rate hikes to save the stock markets and thereby ensure an eventual financial collapse?
People should be asking: when did it become the job of the Fed to ensure perpetually painless︀ stock investing to the detriment of everyone who works and saves -- and to the︁ detriment of social stability?
The capitalist market forces are quite clear. The main wildcard is government intervention. Does the Fed continue to fight inflation with further rate hikes and thereby ensure a recession or does it eventually ease rate hikes to save the stock markets and thereby ensure an eventual financial collapse?
People should be asking: when did it become the job of the Fed to ensure perpetually painless︀ stock investing to the detriment of everyone who works and saves -- and to the︁ detriment of social stability?
In fact, it is very obvious to the smart money crowd, which is exactly why prices are moving -- down. It is not obvious at all to the dumb money crowd, which is why I earlier spoke of "a market sentiment capitulation." (Post #119).
The "smart money" on Wall Street has already capitulated, because the future is quite obvious to them as they study the markets for a living. And those who did not study that history (or ignored it) are already in big trouble, which is a discussion for another day.
This is record-breaking stuff. If you are blissfully unaware of it, them shame︀ on you.
https://www.newsmax.com/finance/str...=DM344724_06152022&s=acs&dkt_nbr=010102zz02n4
The "smart money" on Wall Street has already capitulated, because the future is quite obvious to them as they study the markets for a living. And those who did not study that history (or ignored it) are already in big trouble, which is a discussion for another day.
This is record-breaking stuff. If you are blissfully unaware of it, them shame︀ on you.
https://www.newsmax.com/finance/str...=DM344724_06152022&s=acs&dkt_nbr=010102zz02n4
Well, I guess only one of us will be correct. So, bookmark this post for your future reference.
Like I said earlier, the dumb money is still talking about "buying the dip" or "buying the bottom" (that includes you), while the "smart money" guys continue to flee for their lives.
This is not a normal correction. These continuing rate hikes are a deadly serious macroeconomic event.
Like I said earlier, the dumb money is still talking about "buying the dip" or "buying the bottom" (that includes you), while the "smart money" guys continue to flee for their lives.
This is not a normal correction. These continuing rate hikes are a deadly serious macroeconomic event.
I didnt say anyone is an idiot Johnny.I am saying bear market to bull market transition is not so fast.However i again dont have a crystal ball ,but if this current upmove turns into a bull market in crypto then it would seem that precedents have failed me.This should be an upmove where prices are being pushed up so that the last of the crypto moves from strong hands to weak hands.I had said that there will be a brief stop at 18 k levels and a rally.Then it should fall.
DCA is not a viable strategy even if you︂ can print money like the FED.This time though the FED wont be saved even though︃ they have the ability to print money.With money printing you can stave of the dooms︄ day for a long time.But it will come eventually.Like it has been staved off from︅ 2008 with continuous rounds of QE. No single entity can influence the markets general direction︆ of a bull or bear market- neither that entity maybe solvent before market changes direction.So︇ DCA is harakiri and throwing good money after bad.Its a Martingale strategy you can check︈ out the disasters that Martingale strategy produces in the casinos.
DCA is not a viable strategy even if you︂ can print money like the FED.This time though the FED wont be saved even though︃ they have the ability to print money.With money printing you can stave of the dooms︄ day for a long time.But it will come eventually.Like it has been staved off from︅ 2008 with continuous rounds of QE. No single entity can influence the markets general direction︆ of a bull or bear market- neither that entity maybe solvent before market changes direction.So︇ DCA is harakiri and throwing good money after bad.Its a Martingale strategy you can check︈ out the disasters that Martingale strategy produces in the casinos.
No, when the market bottoms you will not see anybody posting about the market. Simply because people will have lost interest (and their money).
Most people have never experienced a prolonged market downturn. Do not confuse 2020 or 2007/2008 or even the dot-com-bubble with the current situation. The former events were solely driven by an investment hype (dot-com and 2007/2008) or an outside event which caused panic (2020). They cannot be compared to today's vicious cycle of ever rising interest rates.
You have to go back all︀ the way to the 1970's and Paul Volcker to understand what is looming.
If you︁ feel a need to participate in this market, play it safe: Invest in stocks of︂ traditional industries (the so-called "boring" companies) that have a track record of paying above-average dividends.︃ At least they guarantee that you can live through these difficult times by cashing in︄ on dividends.
Other than that, a simple savings account or a short-term CD in US-Dollar︅ (forget about all other currencies, it all depends on USD) might be your best bet︆ until there is a real opportunity.
However, an investment that exclusively relies on capital gains︇ (and on more and more people investing in it -> crypto) is for sure not one of these opportunities.
Most people have never experienced a prolonged market downturn. Do not confuse 2020 or 2007/2008 or even the dot-com-bubble with the current situation. The former events were solely driven by an investment hype (dot-com and 2007/2008) or an outside event which caused panic (2020). They cannot be compared to today's vicious cycle of ever rising interest rates.
You have to go back all︀ the way to the 1970's and Paul Volcker to understand what is looming.
If you︁ feel a need to participate in this market, play it safe: Invest in stocks of︂ traditional industries (the so-called "boring" companies) that have a track record of paying above-average dividends.︃ At least they guarantee that you can live through these difficult times by cashing in︄ on dividends.
Other than that, a simple savings account or a short-term CD in US-Dollar︅ (forget about all other currencies, it all depends on USD) might be your best bet︆ until there is a real opportunity.
However, an investment that exclusively relies on capital gains︇ (and on more and more people investing in it -> crypto) is for sure not one of these opportunities.
Ya cash is king in these times.There will be︇ lots of mouth watering deals coming up soon in different markets as many would be︈ forced to sell different assets due to their exposure in risk assets.
True, and be patient. It will take some time, not so soon.
However, you have to calculate on brokerage fees to prevent eating︅ up too much yield.
https://www.cnbc.com/quotes/US6m
- First be sure that inflation has reached a top.
- Second be sure that the FED turned around and stopped interest rate hikes. All in all that will take at least a year.
- Third, after points 1. & 2. are solved, make sure that you do not find yourself in a recession. Chances︀ for that are quite high.
However, you have to calculate on brokerage fees to prevent eating︅ up too much yield.
https://www.cnbc.com/quotes/US6m
I don't know, my personal hope it will bounce back to 18K so I can buy. But most often what I whish and what happens is the paradox of the opposite.
Crypto is a giant Ponzi scheme, no intrinsic value, no value to society. They only exist to facilitate criminal activity. Eventually they'll all trade at zero. The sooner the better. POS to zero.
Anything can be used to facilitate criminal activity for that matter.Crypto is a medium of exchange and is not going anywhere.Yes ,since it is treated as a commodity it will keep fluctuating.After the boom follows the bust,and again a boom comes in.So utilize both cycles.
Golden Fleece can you kindly map the time taken for radios being invented and radios being in the majority of households.And also do the same with cars,mobiles and computers.And then lets see what is the average or median time taken for the public to embrace new tech.I see crypto as something that helps you gain freedom from the government ,you are not under their thumb anymore .A decentralised medium of exchange that cannot be inflated as per the whims and fancies of the various central︀ banks of the world.In the short term i am very bearish on crypto.But long term︁ new tech will be embraced by the public and will become part of our everyday︂ lives unless it becomes obsolete with even more newer tech.
That may eventually happen, but︂ Bitcoin is an utter failure in its original purpose as a reliable and stable currency︃ and a store of value. It failed its original intended purpose as laid out in︄ its white paper.
after the thread was posted it already hit 17,7K then it went up. Now it is on the way down again.
Why do you say so- because it is going down like a waterfall??Enlist your reasons please.Even good stocks go down in a bear market so let me know your reasons.Getting everything right the first time is anyway a difficult plight,even though desirable so let me know the flaws that you see in btc, however if not btc some other crypto will do the trick,just like in the markets leadership changes hands.But crypto is here to stay.︀
Ya 12 k coming︂ hold on to your horses
So your target price for btc is 1 million,ok.
Ya 12 k coming︂ hold on to your horses
So your target price for btc is 1 million,ok.
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