Semi OT: Anyone lose money in the crypto crash?

[Clay Davis]

Cryptos are so f'ed

Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

https://finance.yahoo.com/news/scrutiny-falls-43b-usdc-stablecoin-193548098.html

These stablecoins have always been sketchy. USDT has always been a source of contention.

[canz55]

For the guys in here who timed their BTC shorts and aren't lying about - kudos. At least those people put their money where their mouth was.

Everyone else who isn't an asset player is just all talk.

Sent from my SM-G998W using RealGM mobile app

I didn't short but brought in Nov. But I could literally lose my shirt at this rate

Miners bottom in Dec. I'm not confident in their survivability though....even the well managed ones are selling

If you don't have a 10 year view then don't buy Bitcoin (or anything for that matter).

Remember traders light candles by their bedside every night.

Sent from my SM-G998W using RealGM mobile app

[anotherhomer]

For the guys in here who timed their BTC shorts and aren't lying about - kudos. At least those people put their money where their mouth was.

Everyone else who isn't an asset player is just all talk.

Sent from my SM-G998W using RealGM mobile app

I didn't short but brought in Nov. But I could literally lose my shirt at this rate

Miners bottom in Dec. I'm not confident in their survivability though....even the well managed ones are selling

If you don't have a 10 year view then don't buy Bitcoin (or anything for that matter).

Remember traders light candles by their bedside every night.

Sent from my SM-G998W using RealGM mobile app

That's true

[refshateRaps]

You likely only needed a short term view this year to get a massive haul. From what I see it's once in a lifetime. Just like a crypto thread on RealGM lol. Truly doesn't get easier or more once in a lifetime then that.

Hope we can do this forever here to fine tune my buy signals. The Friday FUD parade was pure digital gold!

Still very early IMO, for now... For much of the crypto sector the next couple weeks could be the initial major launch for many this year.

March-ing time!!

Just my thoughts. See you above ATHs this year!

What do I know?

[anotherhomer]

You likely only needed a short term view this year to get a massive haul. From what I see it's once in a lifetime. Just like a crypto thread on RealGM lol. Truly doesn't get easier or more once in a lifetime then that.

Hope we can do this forever here to fine tune my buy signals. The Friday FUD parade was pure digital gold!

Still very early IMO, for now... For much of the crypto sector the next couple weeks could be the initial major launch for many this year.

March-ing time!!

Just my thoughts. See you above ATHs this year!

What do I know?

very dangerous....yes, lots of swings esp for miners, but really risky...some miners could go bankrupt though, so there's that risk

1) continue to crash, and maybe even break nov/dec lows
2) somehow recover, and hit new highs in a few months....

none of us know, it's essentially gambling the next months.....if you have time, u could gather tons of data, and make an approximation but it's still a guess

[canz55]

Small banks collapsing like dominoes. Signature Bank in New York just collapsed less than an hour ago.

More to come.

[refshateRaps]

You likely only needed a short term view this year to get a massive haul. From what I see it's once in a lifetime. Just like a crypto thread on RealGM lol. Truly doesn't get easier or more once in a lifetime then that.

Hope we can do this forever here to fine tune my buy signals. The Friday FUD parade was pure digital gold!

Still very early IMO, for now... For much of the crypto sector the next couple weeks could be the initial major launch for many this year.

March-ing time!!

Just my thoughts. See you above ATHs this year!

What do I know?

very dangerous....yes, lots of swings esp for miners, but really risky...some miners could go bankrupt though, so there's that risk

1) continue to crash, and maybe even break nov/dec lows
2) somehow recover, and hit new highs in a few months....

none of us know, it's essentially gambling the next months.....if you have time, u could gather tons of data, and make an approximation but it's still a guess

Its far more dangerous not to be invested here IMO. The way the world is now with higher rates, higher inflation and if you don't own any assets I fully expect your life is about to get very insufferable. I feel for everyone on the outside looking in, or paralyzed in fear and unable to buy anything from sick manufactured fear events, or struggling from the manufactured financial tightening, or even simply got smoked out of cash by following others previously (at least these people will recover very soon, albeit in a more expensive world).

Not all periods in the market are the same, whatsoever. And yes some always know alot more then others, always. Only insiders know the exact time for the sharp pull backs and shakes-outs in the trend, but many inside and outside know what a greater bottom is, understand the direction and climate of the markets and just as important know where to find key areas of supply and demand to help time their buys and sells. If you can't see it, you will soon enough, after the fact tho. As the markets have been speaking very clearly since January and are about to yell and scream something fierce IMO. This isn't a 'normal' time at all.

But if you believe no one knows, then of course what do I know? Play it as you see it, I'll keep doing my thing, updating the scoreboard here along the way till were past ATHs.

Just really no interest in the might go up, might go down, game to nowhere. Not in this climate that is for damn sure.

All the best!

[anotherhomer]

I didn't expect this mornings pump...16-17% for bitcoin, etherun. 30 % for some miners

[Johnny Bball]

For the guys in here who timed their BTC shorts and aren't lying about - kudos. At least those people put their money where their mouth was.

Everyone else who isn't an asset player is just all talk.

Sent from my SM-G998W using RealGM mobile app

I didn't short but brought in Nov. But I could literally lose my shirt at this rate

Miners bottom in Dec. I'm not confident in their survivability though....even the well managed ones are selling

If you don't have a 10 year view then don't buy Bitcoin (or anything for that matter).

Remember traders light candles by their bedside every night.

Sent from my SM-G998W using RealGM mobile app

I would trade bitcoin but never just hold it long term as it really has only the inherent value that traders give it and really little else.

[ItsDanger]

Remember, the premise of crypto is an alternative to fiat. So, even though questions remain, it can be seen as a "safe" haven given the circumstances. The role that paper gold used to play.

[anotherhomer]

Remember, the premise of crypto is an alternative to fiat. So, even though questions remain, it can be seen as a "safe" haven given the circumstances. The role that paper gold used to play.

i can't really figure out why crypto is going up today

[canz55]

I didn't short but brought in Nov. But I could literally lose my shirt at this rate

Miners bottom in Dec. I'm not confident in their survivability though....even the well managed ones are selling

If you don't have a 10 year view then don't buy Bitcoin (or anything for that matter).

Remember traders light candles by their bedside every night.

Sent from my SM-G998W using RealGM mobile app

I would trade bitcoin but never just hold it long term as it really has only the inherent value that traders give it and really little else.

Everything that has "inherent value" is assigned by the market in all cases. Long or short term.

[refshateRaps]

Scoreboard. Will update on Fridays

$BTCUSD start of thread: 16,767.64

$BTCUSD current: 20,422.18

Too much emotion on the pullbacks to talk bullish around here. We'll let the scoreboard talk and keep the theme simple, Bears don't wanna see this pull back as the cock back like a James Johnson bout to slam that $25K barrier. That simple. $25k break, gonna break the black hearts.

Disclaimer: (For those that need it every post.)

Most importanty, don't follow the sell-outs on TV. Always follow your gut, win or lose you'll always learn quicker on your own decisions.

'That was nasty right? I cocked that joint back and banged it on em'

Watch on YouTube

Some were so nice, respectful and friendly on Friday too, ya really hate to see it.

[canz55]

Remember, the premise of crypto is an alternative to fiat. So, even though questions remain, it can be seen as a "safe" haven given the circumstances. The role that paper gold used to play.

i can't really figure out why crypto is going up today

There doesn't need to be a reason sometimes. Whether it goes up today or down tomorrow is irrelevant.

Fiat will continue to be debased 100% per the rules of the debt system that the sovereign lives by. It's baked into everything, we're at the point of no return now.

[Johnny Bball]

Remember, the premise of crypto is an alternative to fiat. So, even though questions remain, it can be seen as a "safe" haven given the circumstances. The role that paper gold used to play.

i can't really figure out why crypto is going up today

There doesn't need to be a reason sometimes. Whether it goes up today or down tomorrow is irrelevant.

Fiat will continue to be debased 100% per the rules of the debt system that the sovereign lives by. It's baked into everything, we're at the point of no return now.

There is zero chance the US just lets bitcoin become their fiat currency, or the worlds, and gives that up theirs as the petrodollar. They will just introduce a Fed backed US dollar crypto, whcih they have in the can and have studied long ago just in case. Or start another war. The iraq war was over the petrodollar.

And I'm not sure why any north american would want to have it replaced as its not in their best interest. Not in any way at all.

[anotherhomer]

Remember, the premise of crypto is an alternative to fiat. So, even though questions remain, it can be seen as a "safe" haven given the circumstances. The role that paper gold used to play.

i can't really figure out why crypto is going up today

There doesn't need to be a reason sometimes. Whether it goes up today or down tomorrow is irrelevant.

Fiat will continue to be debased 100% per the rules of the debt system that the sovereign lives by. It's baked into everything, we're at the point of no return now.

tbh, i was expecting further pullback, and gave it some thought about dipping further in

[canz55]

i can't really figure out why crypto is going up today

There doesn't need to be a reason sometimes. Whether it goes up today or down tomorrow is irrelevant.

Fiat will continue to be debased 100% per the rules of the debt system that the sovereign lives by. It's baked into everything, we're at the point of no return now.

There is zero chance the US just lets bitcoin become their fiat currency, or the worlds, and gives that up theirs as the petrodollar. They will just introduce a Fed backed US dollar crypto, whcih they have in the can and have studied long ago just in case. Or start another war. The iraq war was over the petrodollar.

And I'm not sure why any north american would want to have it replaced as its not in their best interest.

You misunderstand. It doesn't need to be replaced - that was never the premise. It will just continue to be inflated i.e QE infinity.

People will continue to hold US dollars and spend US dollars but they can also hold and spend Bitcoin. They will live sid-by-side for the foreseeable future, its just that one will be drastically more valuable than the other.

[Clay Davis]

i can't really figure out why crypto is going up today

There doesn't need to be a reason sometimes. Whether it goes up today or down tomorrow is irrelevant.

Fiat will continue to be debased 100% per the rules of the debt system that the sovereign lives by. It's baked into everything, we're at the point of no return now.

There is zero chance the US just lets bitcoin become their fiat currency, or the worlds, and gives that up theirs as the petrodollar. They will just introduce a Fed backed US dollar crypto, whcih they have in the can and have studied long ago just in case. Or start another war. The iraq war was over the petrodollar.

And I'm not sure why any north american would want to have it replaced as its not in their best interest. Not in any way at all.

Exactly. The whole idea behind bitcoin is that its governance is mathematical, not political. It's obvious that its governance is pseudo-political right now: a ridiculous amount of hashing is in control of Chinese firms. That an individual like Jihan Wu can have such an outsized impact on the "governance" itself is a real thorn in the craw of people claiming that the protocol itself is decentralized. Read into the history of SEGWIT and what had to be overcome for BIP-141.

[Johnny Bball]

There doesn't need to be a reason sometimes. Whether it goes up today or down tomorrow is irrelevant.

Fiat will continue to be debased 100% per the rules of the debt system that the sovereign lives by. It's baked into everything, we're at the point of no return now.

There is zero chance the US just lets bitcoin become their fiat currency, or the worlds, and gives that up theirs as the petrodollar. They will just introduce a Fed backed US dollar crypto, whcih they have in the can and have studied long ago just in case. Or start another war. The iraq war was over the petrodollar.

And I'm not sure why any north american would want to have it replaced as its not in their best interest.

You misunderstand. It doesn't need to be replaced - that was never the premise. It will just continue to be inflated i.e QE infinity.

People will continue to hold US dollars and spend US dollars but they can also hold and spend Bitcoin. They will live sid-by-side for the foreseeable future, its just that one will be drastically more valuable than the other.

You can't have two fiat currencies. It doesn't work that way. Once the USD is no longer the petrodollar, the worlds fiat currency, all those dollars are then out of use and return to the US and it will cause absolutely massive inflation. It can't happen and the US will do everything to stop it.

I'm just trying to say, I think at at some point something is going to give. And it won't be the US dollar, or all of us are done. And at that point it wouldn't matter how much bitcoin you owned either, because everyone gets hammered.

I've tried. There is a **** load of bitcoin propaganda today about SVG bank, so I know nothing said is ever going to hit home.

I know one thing for sure....and it is that every time a US bank fails the Canadian banks (the world's best/safest banking system by far) just own more and more of the US banking share. There will come a point they own most of it. They own 35%+ of the US market in what started maybe 25 years ago.

[brownbobcat]

Remember, the premise of crypto is an alternative to fiat. So, even though questions remain, it can be seen as a "safe" haven given the circumstances. The role that paper gold used to play.

i can't really figure out why crypto is going up today

I think the underlying premise is that SVB getting bailed out means a ton of tech companies aren't going to burn down overnight.