The big crash of crypto now?

[Spinat]

After the upgrade of Ethereum both Bitcoin and Ethereum decline!

Ether is down more than for a very long time.

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[troubled soul]

I bet on bitcoin...bitcoincash..............and dogecoin.
You see ETH is not truly decentralize.....

 

[RealDude]

On Wednesday after the FED decision comes the crash 😉

Hold because of taxes
Buy because it”˜s cheap then

 

[backpacker]

Spinat said:
After the upgrade of Ethereum both Bitcoin and Ethereum decline!

Ether is down more than for a very long time.
Click to expand...

An unjustified hype in ETH due to a much delayed upgrade caused a small bounce of the crypto market during the last couple of weeks. Nothing more than "dead cat bouncing''.

 

[backpacker]

Seems U.S. SEC will class proof-of-stake cryptocurrencies as securities -> Gensler Says Proof-of-Stake Assets Could Be Securities: Report - Decrypt which could be another explanation for the ETH price drop during the past couple of days -> Ether drops 15% since major Ethereum network upgrade as traders take profits and fret over rate hikes

Last edited: Sep 20, 2022

 

[void]

backpacker said:
Seems U.S. SEC will class proof-of-stake cryptocurrencies as securities -> Gensler Says Proof-of-Stake Assets Could Be Securities: Report - Decrypt which could be another explanation for the ETH price drop during the past couple of days -> Ether drops 15% since major Ethereum network upgrade as traders take profits and fret over rate hikes
Click to expand...

that would confirm that (surprisingly) sane people work in SEC

 

[MiltonStone]

Time to buy!

 

[diatessaron]

I don't know why anyone would expect the merge to make ETH go up in the short-term. Only thing it was good for was shorting it and giving the middle finger to one certain fund that's about to collapse.

 

[backpacker]

MiltonStone said:
Time to buy!
Click to expand...

Are you kidding?
We are in an inflationary environment not seen for decades. Federal Reserve only just started to raise interest rates. This is not the time to buy non-interest/non-dividend bearing assets.
Currently the only investable assets are short term CD's or T-bills. Maybe some high-dividend paying stocks but that is already borderline.

 

[suzy]

I'm waiting for 2023 to see what is going to happen!

 

[void]

backpacker said:
Currently the only investable assets are short term CD's or T-bills.
Click to expand...

what yield are you talking about here? 5%, 10%, 20%?

 

[backpacker]

void said:
what yield are you talking about here? 5%, 10%, 20%?
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You replied to a three month old post. That's a long time for capital markets. Nevertheless, it is still relevant.
When talking about investing a stable and calculable yield of 5% is pretty good.

I feel sorry for people who are hunting 20% - typically they will loose it all after a while.

 

[tolstoy]

backpacker said:
You replied to a three month old post. That's a long time for capital markets. Nevertheless, it is still relevant.
When talking about investing a stable and calculable yield of 5% is pretty good.

I feel sorry for people who are hunting 20% - typically they will loose it all after a while.
Click to expand...

Agree with you.