Crypto trading

[jaygreenb]

It's strange crypto disciples refuse to see any other scenario than it "going to the moon"

I have looked at both sides of the coin and unfortunatley it doesn't add up to me

Bitcoin for example

Can't be used as a payment network ..... to slow , to volatile, to expensive

Claims of it being a store of value are again nonsense because it's underpinned by its exchange to fiat currencies

"it's a hedge against inflation" oh really !?! well to me it looks like its been in direct correlation with the rest of the stock market which has been barcoding / flatline for the last 6 months as inflation begins to take squeeze economies

So what is the next narrative that's going to be pumped as a use case ?

Maybe next year we will be able to build houses out of it .......

https://twitter.com/i/web/status/1501993058916782091

 

[DEEZEDBRAH]

I wouldn't bank on it , it's no secret fiat is going to collapse soon inflation is out of control and they can't / don't know how to stop it

They want CBDC's in so need a regulatory framework in for them not to benefit us

The comments made from the SEC were vague and no committal i would wait to read the entire framework before people start singing from the rooftops that the US government is backing bitcoin and sh*tcoins


Just wait ....

Yeah I am concerned.

It's fascinating though because if people don't adopt the ****ery cbdc, I am curious how it goes and plays out. The Chinese people don't trust their government or the ****ery digital currency there.

 

[DEEZEDBRAH]

It doesn't matter. It won't matter what happens, you will still find reasons to trash it. Your bias is ridiculous to be honest and the more dumb sh!t you come up with, the more historically idiotic you will look in 10 years.

Are you concerned about this?

I don't trust those **** suckers. If a cbdc is adopted, we seen globally Australia and Canada freezing accounts. We're seeing Russia sanctions. There's a talk about labs somewhere and war crimes.

There's definitely blood in the street. Not sure what the play is but I'm ready. Dry powder on the side. A bit too cash heavy tbh. With inflation over 8% likely closer to 20%, sitting on too much cash is not ideal.

Still DCAing. A buddy is running NFTS and killing it. Once regulation hits a lot of things will dry up. Wash trading among other things.

Curious what your play is going forward? I'm treading lightly and looking for opportunities.

 

[BackInTheGame78]

Are you concerned about this?

I don't trust those **** suckers. If a cbdc is adopted, we seen globally Australia and Canada freezing accounts. We're seeing Russia sanctions. There's a talk about labs somewhere and war crimes.

There's definitely blood in the street. Not sure what the play is but I'm ready. Dry powder on the side. A bit too cash heavy tbh. With inflation over 8% likely closer to 20%, sitting on too much cash is not ideal.

Still DCAing. A buddy is running NFTS and killing it. Once regulation hits a lot of things will dry up. Wash trading among other things.

Curious what your play is going forward? I'm treading lightly and looking for opportunities.

This is looking like this pattern is about to play out
Accumulation->Manipulation->Expansion

Sideways accumulation followed by a drop to trap shorts followed by a rise to the upside.

 

[DEEZEDBRAH]

This is looking like this pattern is about to play out
Accumulation->Manipulation->Expansion

Sideways accumulation followed by a drop to trap shorts followed by a rise to the upside.

Just accumulate atm is my play atm. We dodged a bullet with the EU.

 

[Bingo-Player]

Yeah I am concerned.

It's fascinating though because if people don't adopt the ****ery cbdc, I am curious how it goes and plays out. The Chinese people don't trust their government or the ****ery digital currency there.

You have seen the level of manipulation govs , media and banks can exert on citizens during covid

They will ensure there is a narrative powerful enough to convince the masses its in their best interests and they are away to go

I dont trust my government (UK) they still do as they please

Funnily enough i was reading something last night where our tax authorities are now changing the guidance on how they tax crypto assets.......if it becomes law it will pretty much signal the end to the current wild west of crypto certainly in the UK anyway

 

[DEEZEDBRAH]

You have seen the level of manipulation govs , media and banks can exert on citizens during covid

They will ensure there is a narrative powerful enough to convince the masses its in their best interests and they are away to go

I dont trust my government (UK) they still do as they please

Funnily enough i was reading something last night where our tax authorities are now changing the guidance on how they tax crypto assets.......if it becomes law it will pretty much signal the end to the current wild west of crypto certainly in the UK anyway

That's why you leave.

 

[jaygreenb]

You have seen the level of manipulation govs , media and banks can exert on citizens during covid

They will ensure there is a narrative powerful enough to convince the masses its in their best interests and they are away to go

I dont trust my government (UK) they still do as they please

Funnily enough i was reading something last night where our tax authorities are now changing the guidance on how they tax crypto assets.......if it becomes law it will pretty much signal the end to the current wild west of crypto certainly in the UK anyway

That's one of the key properties of crypto. Never had wealth so mobile you can go somewhere that treats you better. On a mass scale that is very powerful and other areas will embrace it trying to bring that money in. Game theory.

 

[BackInTheGame78]

There are a number of alts getting ready to bullishly break out of descending, narrowing triangles..
$VET, $BAND, $ARPA, $ENJ, $GALA, $1INCH

are all good plays once it retests and bounces

 

[BackInTheGame78]

Lol it was small just to test my theory. Meanwhile anyone in the oil play HUSA made 494% in a single day yesterday

People have the nerve to talk about how crypto is so volatile, meanwhile oil enters a bear market 5 days after setting a 14 year high. Hope you took profits.

Not even crypto does that.

Oil enters a bear market on China lockdowns, as OPEC leaves demand forecast 'under assessment'

Oil prices on Tuesday drop to levels not seen since the initial days of the Russian invasion of Ukraine and enter a bear market, marked by a more than 20%...

www.google.com

 

[BackInTheGame78]

FOMC meeting today to discuss whether they are planning to hike interest rates.

Markets are cautiously optimistic it will be relatively dovish and not raise them too much.

If the news is good, markets will likely pump. Of it's bad, major dump incoming.

 

[SargeMaximus]

People have the nerve to talk about how crypto is so volatile, meanwhile oil enters a bear market 5 days after setting a 14 year high. Hope you took profits.

Not even crypto does that.

Oil enters a bear market on China lockdowns, as OPEC leaves demand forecast 'under assessment'

Oil prices on Tuesday drop to levels not seen since the initial days of the Russian invasion of Ukraine and enter a bear market, marked by a more than 20%...

www.google.com

I did but not all. Definitely kicking myself with that one. Bought the dip yesterday tho and we back

 

[BackInTheGame78]

I haven’t been here for months.

What happened to your 150k BTC before the end of 2021?

good luck running your hedge fund, Mr Programmer.

All you got huh? Come a little stronger than that. That was incredibly weak.

 

[DEEZEDBRAH]

That's one of the key properties of crypto. Never had wealth so mobile you can go somewhere that treats you better. On a mass scale that is very powerful and other areas will embrace it trying to bring that money in. Game theory.

Curious about CBDCs that are coming. What is there to prevent world government to crash crypto? Outright ban it.

The past two years of tyranny and money printing by morons illustrates the level of stupidity that is taken.

 

[DEEZEDBRAH]

Ada pumping is hilarious. If Charles was leading any other company he would be fired effectively immediately. I don't think he is helping nor the hit piece on his education or lack thereof.

After seeing martial law and bank accounts frozen in parts of the world, there's never been a better argument for crypto and btc.

I just know more tyranny awaits. And it's all a power game. Russia removing USD for their gas and back door deals with Saudi Arabia and China isn't good news.

Things are Changing fast.

 

[jaygreenb]

Curious about CBDCs that are coming. What is there to prevent world government to crash crypto? Outright ban it.

The past two years of tyranny and money printing by morons illustrates the level of stupidity that is taken.

Some authoritarian countries I'm sure will try but they will just be shooting themselves in the foot. You can't fight technology and innovation you will just drive it to other areas that will reap the benefits. I think it's past the tipping point of banning, it would be political suicide. Too many people now own it, many of them powerful and wealthy. Also all the major Banks and tech firms are on board, they are major donors and carry too much clout politically. Look at the front page of goldman sachs. Things could get crazy though so would recommend keeping a lot in self custody, just in case. Just watched a video on this topic too.

Home

The Goldman Sachs Group, Inc. is a leading global investment banking, securities, and asset and wealth management firm that provides a wide range of financial services.

www.goldmansachs.com

 

[BackInTheGame78]

BTC pumping today...Terra will be buying $3 Billion in BTC to back it's UST, with plans to ultimately buy $10 Billion.

Will make them the second largest holder after Michael Saylor.

Think we are close to coming out of this downtrend...likely one more drop to form a triple bottom near 30-32K and then rocket from there.

 

[jaygreenb]

BTC pumping today...Terra will be buying $3 Billion in BTC to back it's UST, with plans to ultimately buy $10 Billion.

Will make them the second largest holder after Michael Saylor.

Think we are close to coming out of this downtrend...likely one more drop to form a triple bottom near 30-32K and then rocket from there.

That would be a gift. I have a lot of cash waiting, hard to stay disciplined and not just fomo in.

 

[BackInTheGame78]

That would be a gift. I have a lot of cash waiting, hard to stay disciplined and not just fomo in.

Haha, never FOMO in...

I have been trading 1D MACD crosses both up and down. Very strong signals that are almost always good entry points as long as they are not shallow crosses that are going back and forth.

Also have a CoinLegs subscription and use their Telegram alerts to open trades

 

[jaygreenb]

Haha, never FOMO in...

I have been trading 1D MACD crosses both up and down. Very strong signals that are almost always good entry points as long as they are not shallow crosses that are going back and forth.

Also have a CoinLegs subscription and use their Telegram alerts to open trades

That urge never goes away just develop a little more self control lol Nice, are you trading primarily alt coins? Market has that energy something big is coming.