there's certainly manipulation ...hence another i'm not a fan of stock picking. (other than its been shown to be a losing game in the long run)....holding index funds are the way to go as the entire market has shown to go up over timeYou mean stock markets are rigged ?
Can we rely on Cryptocurrencies like Bitcoin?
- Thread starter Claudia Love
- Start date
Exactly. These guys are so brainwashed that wealthy people like Warren Buffet have total control and manipulation over them. What worked for him in the past may not work now. It’s easy to look back and say ohh look how brilliant I am. Also if everyone followed his moves we all would be super rich and wealthy and he wouldn’t be where he is. It just doesn’t work like that and he has all these fools to keep sucking on hope of their golden carrot he keeps wagging that they can never and will ever reach being stock in this loop.You mean stock markets are rigged ?
These people also think the stock actually represent the value of a frikken company. They are just slaves to the system. They can’t see how much manipulated they are to keep feeding the system and being feeder to these wealthy people.
There is a reason each time it works to buy when everyone is selling and sell when everyone is buying. Every frikken time. Also you can’t beat the trading algos because they see in real time each time the centre of mass of the retail investor buy and sell. The algos instantly in unison over the major markets each time pump or dump opposite to the retail.
The reason they don’t like crypto because the average person has 24/7 control of their investment. How many people have automated stop losses after market?
They tell them crypto is a scam and they believe it
You can’t help them can only laugh at them for being this gullible, naive and manipulative. Every frikken time
Look how ridiculous this is each time people like Warren Buffet or other credible sources said misinformation and it was going to 0 and other similar drivel over the past 11 and nobody calls them out the 1000s of times they are wrong and bitcoin keeps going up and up and up. Since it’s inception it was like 0.08 to around 1 dollar and hit as high as $68,000 and has been on average in the $40ks over the past year. This is not good enough for them. 68,000x increase on their investment is not good enough for them. They still believe from 10 years ago that it is going to 0 and can’t see the lies they are being constantly fead and how gullible they were and still are. Yes bitcoin in the short term can fall below $20k, however the chances of it being higher then $500k over the next 10 years are higher then it hitting 0. There is a greater chance of companies going bankrupt or is seeing hyperinflation or WWIII then bitcoin going to 0. Obviously the gullible fools will ignore the past, the facts and just listen to their masters and idols they keep worshipping.
How about saying the same drive and expecting different outcome like bitcoin going to 0 or bad investment
Ask yourself how many wars have been fought over this precious gold these people keep worshiping and where the Russian government is storing their wealth?
Gold can be melted is untraceable. Bitcoin can be tracked and regulated. They don’t like this because it means accountability and transparency.
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Last night around 10 to 11 pm EST was one of the most disgusting Bitcoin fakeouts in the past few weeks. Low volumes and low vols, the bear whales put in some huge buys which brought about like a $ 2,300 green candle. I have like 20 other coins on my TV watch list , Solana and Terra barely moved and some coins already went red, they knew the market was being faked out. Within half an hour , some huge sell orders crashed Bitcoin back down like $ 2,500. Nobody fell for the fake Bull trap but many ON STOP buys and Short positions got filled or liquidated within that hour. Today's 2:30pm EST rally is real . How can you tell ? Just look at a candle chart and look at the one minute or 5 minute activity .
Fake Bull trap fakeout charts have the green candle almost parabolic. It's always during times of low vols and low volumes , and the Algo Trading bot always lifts all the ask quotes, it doesn't sit on the bid side , like retail , other wise you would have herky jerky motion candles, trade on the bid, trade on the ask , rinse repeat. The bot puts in a few huge orders , let's say $ 100mm to wipe out all the vol in the way to create a parabolic rise. The intention is it wants to create herd mentality and a larger pump, let's say 5k to 10k and then sell all the expensive bitcoin to retail and head back down to the 30k area. .. This afternoon's relief rally waiting for small rate Fed increase of 0.25% looks organic, so far. Let's see by the UTC close and the day end EST close if bitcoin is north of 40k or south ? 40 to 45k would bring back a lot of traders and bullish sentiment I saw 22 on the Fear Index yesterday, i think. . . .
you're looking too much into this ..markets ahve been trading sideways for months ..this is the time to accumulate and build your bag(s) whenever you have the cash (don't try to time ithe bottom perfectly cause you can't , but obviously don't buy in pumps ) then take profits on the next run up
if you didn't buy aggressively during last summer , I hope you have been lately because it would be a missed opportunity IMO
You are 100% correct. I'm going to zoom out like most investors do and I am medium/long term bullish. Besides the top 2 ( BTC/ETH), I'm accumulating SOL and LUNA. My aggressive bag is MATIC, RUNE and ADA. My super aggressive bag is VET , COTI and CRO. My Bay Street training has made me view everything in day trader's eyes. As the saying goes: " when in doubt, zoom out" !
Who cares if we label this Bitcoin run as a "bear market" or a "bull market". The average expert claims this 3rd run since Bitcoin inception will be extended with all the new and different variables, the most important is global adoption and regulation. Plus, the fading belief in the dollar. Whether we are half way to the peak, or half way to the bottom, my gut tells me to go "all in". I think I'm like zero for five on all ins in my life. I'm going to turn that statistic around on this 3rd BTC run. I say we're half way to the top of the mountain. You can't watch and be on the sidelines, you must have a view and that will determine how you play your cards.
Terra is going to buy $ 10B worth of Bitcoin to store as reserves against its stablecoin and BTC is going to moonshot . I've read the headlines over and over and still can't decipher who is who, but Thorchain ( RUNE ) is in bed with Terra ( LUNA ) and their respective coins have rallied big time in the last 30 days. Example , RUNE from $ 3.50 to $ 10.40, and LUNA from $ 65.00 to $ 91.00. With BTC rallying RUNE/LUNA will follow . . . . ( I am not a Financial Adviser ) . . .
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I have read this entire thread and again I must ask the simple question do you understand what your posting about the obvious answer is NO. In another post you clearly state you do not understand cryptocurrencies yet you make such bold statements and nothing to back it up. You state that individuals should not invest in bitcoin or any cryptocurrency WHY. Is any FIAT currency safe from value fluctuations I think that's why we have a currency market. No asset is free of value fluctuations digital or otherwise. Gold silver platinum copper diamonds stocks the dollar everything fluctuates in value. the degree of fluctuation risk and reward can differ substantially. In the case of bitcoin your risk reward appetite is relevant and understanding bitcoins relationship to fiat currency is also important. several things will have profound impact in the wide adoption of bitcoin not only as a digital transactional currency but cryptocurrencies ability to function in inflationary periods as a store of value. monetary legislation especially mandates emanating from global central banks will determine the superstructure cryptocurrencies will function within . how safe are they from simply being hacked and stolen. billions are stolen every year with little recourse for investors. how do stable coins function within the fiat currency system will they have deposit insurance protection. we have already seen throughout the war in Ukraine how Russia has used crypto currencies as a means of circumventing sanctions it has definitely proven its ability an fiat currency alternative however its performance thus far as beneficial store of value against inflation is more suspect.
The price of bitcoin is constantly changing. In a few weeks, its price has almost halved. Obviously, in the short run these days, the cryptocurrency turned out to be one of the worst investments, because investing a notional thousand dollars would turn out to be only five hundred dollars. There are more reliable currencies on forexstore but I'm also looking into bitcoin. So far, it is unclear why this is the case. Is it hype? I don't know. However, in comparison by individual years Bitcoin sometimes showed even a negative Pearson correlation, that is, the cryptocurrency moved in the opposite direction from the classic indices and stocks on which they are based.
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Stablecoins are pegged to the U.S. dollar at 1:1 , Terra ( UST ) is trading at 9.5 cents on the dollar right now . . .. . LUNA crashed to zero. I thought I was being a smart ass and I went on Coinbase and bought $ 25.00 CAD worth, and just as fast as I got the email confirmation, my investment went down to $ .0001, lower than most Shit coins. UGH .
. LUNA crashed to zero. I thought I was being a smart ass and I went on Coinbase and bought $ 25.00 CAD worth, and just as fast as I got the email confirmation, my investment went down to $ .0001, lower than most Shit coins. UGH .Goes both ways ..high risk high return
UST and Luna would have crashed regardless if it backed up by gold or silver ...its mechanism just made it prone to manipulation (which is why I avoided it)
That said, people who put their life savings into it were obviously not very wise
It's only $25 and at least do Kwon isn't abandoning itStablecoins are pegged to the U.S. dollar at 1:1 , Terra ( UST ) is trading at 9.5 cents on the dollar right now . . ..
There's so much FUD on this thread. Some interesting points for sure.
If you're looking for answers I suggest you all come down to the country which has made Bitcoin legal tender. I can tell you that payments are made lighting fast and with minimal fees. Tax is currently 0% on bitcoin. banks can't stop custodial bitcoin payments, and the government can't stop custodial bitcoin payments.
It's still the safest and most efficient rail in human history
PS. All other coins are ponzi schemes, POW not POS
If you're looking for answers I suggest you all come down to the country which has made Bitcoin legal tender. I can tell you that payments are made lighting fast and with minimal fees. Tax is currently 0% on bitcoin. banks can't stop custodial bitcoin payments, and the government can't stop custodial bitcoin payments.
It's still the safest and most efficient rail in human history
PS. All other coins are ponzi schemes, POW not POS
This didn't age well Lmfao. 99.999% of crypto currencies will fail.
Bitcoin solves everything
