Bitcoins (and other crypto currencies)

[Jack!]

Everything is just fucked, Crypto, Stocks, purchasing power of our fiat currencies, Inflation rampant, aggressive rate hikes to tackle inflation will probably put us into a recession.

Just looking on the RAC foundation website for average petroi/diesel prices over the last 2 years petrol from 107p to 185p that's almost a 75% increase or should I say a 75% decrease in purchasing power of the pounds and pennies in our pockets, unless you were able to almost double your salary in 2 years. And that's just fuel prices.... food, energy etc.. all the same.

As funny as it is to laugh at crypto and stocks etc.. taking a nose dive. Having money in the bank ain't any better, we're all getting raped.

Yes,

But I'll take the 8% or so overall reduction in my spending power vs the 66% in Bitcoin.

 

[Cookie]

Hit 20k this morning but rebounded a little bit

 

[R3k1355]

Seems to be flirting with the 20k boundary, should it drop below there could be abit of a panicked selloff from some people.

Been a fair number of people warning that it's likely several coins won't come out the other side, would imagine Bitcoin et al are safe bets in this current dip.

 

[rctempire]

All is fine. Load up otherwise you'll regret it.

 

[R-Sport.]

Big moment due in next hour

FED Announcement on interest rates.....

 

[R3k1355]

Big moment due in next hour

FED Announcement on interest rates.....

This one?

US makes biggest interest rate rise in almost 30 years

The US central bank raises rates by 0.75 percentage points as it scrambles to contain soaring prices.

www.bbc.co.uk

 

[R-Sport.]

This one?

US makes biggest interest rate rise in almost 30 years

The US central bank raises rates by 0.75 percentage points as it scrambles to contain soaring prices.

www.bbc.co.uk

Yes-

We got down to 20200 again - strong support at 20k, bounced the market -

20% gains on alts in the space of 30 mins > EG chain link etc etc

Ive started buying some long term holds.
Wilder World. $400 at $0.185 (Down 98% from ATH )

 

[seb]

Ok so can anyone explain wtf an NFT is and what they do?

 

[ChrisR]

People are spending millions on NFTs. What? Why?

NFT WTF FAQ.

www.theverge.com

 

[CrippsCorner]

Another article from The Verge...

Bill Gates says NFTs are ‘100 percent based on greater fool theory’ - The Verge

Tech billionaire Bill Gates has dismissed NFTs as “100 percent based on greater fool theory” — the financial concept that even overpriced assets can make money as long as you find a bigger idiot to sell them to.

Bang on there Bill ☺️

 

[Jack!]

Have fun staying poor Bill.

 

[R-Sport.]

$19006 !!!! btc

Keep it coming down

 

[R3k1355]

Dropped about a grand in 5 minutes, some big holders deciding to cut and run?

 

[treemanx]

Buy der dip?!

Sent from my SM-G991B using Tapatalk

 

[Steve]

Buy der dip?!

Sent from my SM-G991B using Tapatalk

Wait then, this has not finished yet.

When the BTC hedge funds fail & they are creaking, tethers the one sinking

 

[R-Sport.]

$18700

 

[Steve]

$18700

Going to be sooooo many losers when the dust settle.

Can see a big drop on the horizon when tether falls.

 

[R-Sport.]

Going to be sooooo many losers when the dust settle.

Can see a big drop on the horizon when tether falls.

If tether failed then it will be huge

I dont think it will

Maybe USDD

 

[R3k1355]

When the BTC hedge funds fail & they are creaking, tethers the one sinking

Beginning of the end for some already perhaps?

Crypto hedge fund Three Arrows fails to meet lender margin calls

BlockFi was among a clutch of firms that liquidated the Singapore-based group’s positions

www.ft.com

 

[R-Sport.]

Yeah I put 3 arrows in the whatsapp group earlier...

There is significant liquidation zones for massive hedge funds like micro strategy is 16k.

That would cause a big cascade downwards

 

[R3k1355]

Are those set levels for margin calls?

Surely they also run the risk of panic setting in and clients pulling money as quickly as they can before the fund(s) collapses? Could they possibly not wait to see if the price hits the level to trigger a margin call, they might act before?

 

[R-Sport.]

Are those set levels for margin calls?

Surely they also run the risk of panic setting in and clients pulling money as quickly as they can before the fund(s) collapses? Could they possibly not wait to see if the price hits the level to trigger a margin call, they might act before?

I will have to find the clear detail.

The problem is from the last bull run the range between 12-20k went reasonably untested so within that range there might not be much resistence.

We need to close the weekly candle above the 200 EMA, wicking below like today is ok.

Very bad sunday eve if we are still at sub 19500

 

[R-Sport.]

This woman on TIK TOK ( Ignore the fact its a s**t platform )

Is one of the best people who understand the market.

Link

 

[Steve]

Some of these companies are borrowing at 12 - 14% as we enter unknown territory to prop up their companies, in a falling market which is suicidal.

The rug is being pulled & the big boys are all sticking to promoting ‘hold’ while secretly they are dumping.

History tells us when a company that is untouchable says it is fine, they are near to collapse, tick tock.

The small, medium & large investors are trying to do each other over meanwhile the huge whales who cashed out at the start are awaiting a point to buy in.

Is this not a ponzi scheme?

 

[R-Sport.]

Bought $500 of QNT today at 43.2.

10X Correlator to ATH

 

[Steve]

Dropped below £15k

 

[R-Sport.]

yeah BTC dollars now dropping towards $17

Looking at the TA out there 16K seems to be a support level

 

[Clio182mike]

the bottom will be in very soon

 

[R-Sport.]

ADA getting close to a key support level again

40 Cents
Chainlink was 5.3 Dollars

 

[Steve]

the bottom will be in very soon

Nah, Tuesday will see it plunge.

 

[R-Sport.]

Nah, Tuesday will see it plunge.

Why Tues? what news is released then

can there be more FUD?

 

[Jack!]

Why Tues? what news is released then

can there be more FUD?

US stock markets open.

 

[Steve]

US stock markets open.

✅

 

[R-Sport.]

Big liquidation candle - Leverage traders wipeout

 

[R-Sport.]

BTC moved from 17600 to 19500 in 2 hours.

This would have liquidated Millions of dollars in short positions > Maybe even 1 Billion Dollars.

 

[Steve]

Pyramid

 

[R-Sport.]

11 billion of liquidations on that big Green candle last night.

 

[R3k1355]

People are getting out in a big way?

 

[R-Sport.]

People are getting out in a big way?

Leverage traders going short & getting rekt.

EG open a 10X short around 17k then a major reversal wipes you out in minutes. Funds go to zero.

 

[Cookie]