I didn't figure post SEC announcement that Bitcoin would be a non-event, but my ADA, MATIC , ETH and AVAX all up 10% area ! Woo hooo!
Bitcoin to skyrocket in 2024
- Thread starter stinkynuts
- Start date
ETH intraday high of $ 2,615 USD , still hovering at that level as we speak . . .
f
if eth keeps running up for the next few weeks, expect a big correction based on past history (27 days is usually how long but don't try to try out on day 27 from today)
probably 3k to 3.5k based on TANo way it keeps climbing it’s gotta come down a little now
if eth keeps running up for the next few weeks, expect a big correction based on past history (27 days is usually how long but don't try to try out on day 27 from today)
Grayscale BTC Futures ETF arbing and smart sharks and daytraders whacking the market 2 days in a row. Ugh ! Some alt coins off 10 to 15% in less than 2 days !
prepare for more volatility...i said 30k is definitely on the table ...this correction is nothing
Many retail investors bought after the ETF was approved, while institutions were buying up, leading to the decision. They bought at the bottom, and now it looks like they are beginning the dumping process. I think we can see 20,000 again before it goes back up.
Everyone was anticipating prices of > 50k today. Sharks/insiders / day traders always do the reverse of group herd psych. Myself, I failed the easy bird university course, Psychology 101 ! LOL ! Just think a mere hours ago, we maxed out at $ 49,040 ! UGH
Right. Crypto mining itself is highly damaging environmentally. When exactly is this big crypto bonanza supposed to happen - before or after the HUGE Trump election triumph?
...
It happens far more easily in crypto because of the lack of regulation and the fact that crypto is particularly infested with scammers.
Also, the incentives are slightly different because crypto is so hard to use.
But sure, evil motherfuckers fucking with shit is a problem everywhere.
you're talking about corruption now
you were referring to smart money (whales) luring dumb money in, then dumping on them when it happens ...normal occurence in the stock market (ie 3rd quarter of last year)
speaking of corruption in general, yep, the SEC, the regulatory body of securities ,just showed it themselves on the tweet claiming the ETF was approved only to have Gensler retract it 10 minutes later saying the account was compromised (clearly an inside job). the next day they approve all ETFs, lmao
this isn't the first time they've done inside jobs
it's odd, tbh, how you read a lot of the space yet don't have a financial interest in it at all and hate it so much. genuinely curious why
my guesses are 1) to out-debate someone who invests in it for fundamental reasons to make yourself feel better
2) seeking confirmation bias to make yourself feel better for not buying it, esp when the prices goes up
not that there's anything wrong with either I guess, if it keeps makes you happy or mentally at ease
fyi i believe there is a Reddit community that specifically trashes crypto ... you might enjoy it there
He's right, smart money has been buying in 2022 (been confirmed). Dump to 20k? Possible, but unlikely, 30k is strong support; it's a level probably low enough to scare dumb money to thinking it'll go down more, but then just go up from there to fool them once again. There's lots of sidelined capital by dumb money and if it breaks below 30K , esp quickly, even dumb money would pounce on the opportunity. The bear market is behind us and a drop of 50% or more would require a black-swan event.
You think the hack was an inside job by the SEC?
Could be.
So are they all in on it or was it one guy?
How much trading happened in those 10 minutes?
After all, if the whole SEC was in on it, there should be a lot, shouldn't there?
But you're right, it is entirely possible that was an inside job of some sort and should be investigated.
And why do you think they approved "all ETFs"?
They approved a few specific ones and absolutely insisted they be in cash-create and not in-kind.
Gensler also explained, quite clearly I thought, that they don't really think these should be approved but the court basically is making them do it.
Both good guesses, but it really just is that I find the whole psychology and mythology surrounding bitcoin and crypto in general intriguing and always have, from back when my friend first excitedly told me about it.
You will notice again and again that I have pointed out I have no problem with people who invest in it to make money - what I find interesting is the mythology and narrative surrounding it.
r/buttcoin
Haven't read them in years, I should see what they're saying.
Exactly.
This happens all the time.
Somehow word got out that Teslas’s earnings numbers were terrible, and the stock was dumped by those in the loop. It fell to $100 last year from $400. Many retail investors panic sold, and then institutions bought back in at the bottom.
There 100% were people in the know and word got around. Elon's and his brother have consistently timed thier sales of Tesla almost peffectly. It's not a coincidence.
i don't think the entire SEC was in it, but bad optics on him to then approve it a day later after saying they weren't...oh well, he's now gotta explain himself to Congress, lol
and ,yes those in on it made a quick leveraged trade with limit orders, probably both ways (the pump and dump)
yes, approved cause the court made him do it because he couldn't explain why the futures ETFs would be approved and not spot ETFs ...or some institution like BlackRock offered him a cushy job after his term is done lol
not allowing in-kind redemptions is cause he's sour he lost and basically his way of saying, "ok, if you want it, I'm gonna make it more expensive / less attractive for investors "
Bitcoin having lots of trouble crossing the Fib 1.0 level at $ 42,866 , every time it gets near there, tech /day traders whack it back down or they just front run and
have their limit sell orders in at $ 42,799 levels. Hoping we can blast past $ 45,000 level and close there soon. Many think we're going to retest the 15k / 16k levels before heading back up.
have their limit sell orders in at $ 42,799 levels. Hoping we can blast past $ 45,000 level and close there soon. Many think we're going to retest the 15k / 16k levels before heading back up.
Bitcoin blasts thru $ 43,425 and then the bastard sharks/day traders whack it back again and again ! Can we get to $ 45k and close there for at least 1 week ?
