Financial topics

[vincecate]

It's interesting when weak hands all around get shaken out.

Bitcoin is extremely volatile. I would not be surprised to see it get down to $10,000 if the stock market really crashes.
In fact, I am hoping it does as I would love to buy more at that price with winnings from my S&P puts.

[aeden]

https://www.tradingview.com/chart/ETHBT ... C-finally/

eth gets destoyed as musk loots the cookie jar.

eth is to be merged with btc

https://dept.stat.lsa.umich.edu/~kshedd ... imeseries/
https://www.coinbase.com/price/bitcoin

Caraboo timeseries to grind them to burg.

thread: BITI.TO

[John]

** 12-May-2022 World View: Bitcoin bubble bursting

I've heard several people suggest that the bursting of the
Bitcoin/crypto bubble, which is currently going on, is forcing a lot
of people to sell off billions of dollars in assets to meet margin
calls, and will cause a new financial crisis in the same way that the
bursting of the subprime real estate bubble caused a financial crisis
with the "Lehman moment" in 2008.

[vincecate]

** 12-May-2022 World View: Bitcoin bubble bursting

I've heard several people suggest that the bursting of the
Bitcoin/crypto bubble, which is currently going on, is forcing a lot
of people to sell off billions of dollars in assets to meet margin
calls, and will cause a new financial crisis in the same way that the
bursting of the subprime real estate bubble caused a financial crisis
with the "Lehman moment" in 2008.

Yes, this is true. It also makes a fantastic scapegoat for the Fed. Now when things go bad they can point at crypto and say crypto caused this.
Fewer people will understand that 0% interest and QE/QT were the real source of the everything bubbles.

The risk of crashing stocks, bonds, and real-estate soon are very high now that the cover story is in place.

[richard5za]

Vince, upon further investigation you are right and I was wrong on definition of assets, currencies, securities and commodities in USA. Interesting.

[Cool Breeze]

It's interesting when weak hands all around get shaken out.

Bitcoin is extremely volatile. I would not be surprised to see it get down to $10,000 if the stock market really crashes.
In fact, I am hoping it does as I would love to buy more at that price with winnings from my S&P puts.

Good idea. As I've said, I'm in the camp of blow off top one last time here and then a crash when the debt market finally meets its maker (lol). That's the general position of David Hunter (contrarian) and Greg Mannarino.

[Cool Breeze]

** 12-May-2022 World View: Bitcoin bubble bursting

I've heard several people suggest that the bursting of the
Bitcoin/crypto bubble, which is currently going on, is forcing a lot
of people to sell off billions of dollars in assets to meet margin
calls, and will cause a new financial crisis in the same way that the
bursting of the subprime real estate bubble caused a financial crisis
with the "Lehman moment" in 2008.

John, seriously, please read and consider my posts as I've told you (and richard found out from Vince) for a long time now that "crypto" is not Bitcoin. The point here is that like in the tech days, the shakeout of weak hands and tech that is trying to take advantage of a larger narrative by being in "crypto" is imminent. But the strong will survive. And that's why I've always said that holding BTC long term is going to be like holding the biggest tech stocks that succeeded, eventually. And it will be a huge winner given the problems with the manipulated Fed markets, debt, stock and otherwise. We have detailed why, in many posts, this is the case.

[John]

** 13-May-2022 World View: Bitcoin and cryptos

> John, seriously, please read and consider my posts as I've told
> you (and richard found out from Vince) for a long time now that
> "crypto" is not Bitcoin. The point here is that like in the tech
> days, the shakeout of weak hands and tech that is trying to take
> advantage of a larger narrative by being in "crypto" is
> imminent. But the strong will survive. And that's why I've always
> said that holding BTC long term is going to be like holding the
> biggest tech stocks that succeeded, eventually. And it will be a
> huge winner given the problems with the manipulated Fed markets,
> debt, stock and otherwise. We have detailed why, in many posts,
> this is the case.

Just google the phrase "crypto currencies" and you'll see dozens of
sites referring to Bitcoin as a crypto. You are as full of crap about
this as you are about everything else. Please don't make me delete
any more of your nonsense.

> "Buy, sell, and store hundreds of cryptocurrencies

> From Bitcoin to Dogecoin, we make it easy to buy and sell
> cryptocurrency. Protect your crypto with best in class cold
> storage.

> https://www.coinbase.com/

[vincecate]

** 12-May-2022 World View: Bitcoin bubble bursting

I've heard several people suggest that the bursting of the
Bitcoin/crypto bubble, which is currently going on, is forcing a lot
of people to sell off billions of dollars in assets to meet margin
calls, and will cause a new financial crisis in the same way that the
bursting of the subprime real estate bubble caused a financial crisis
with the "Lehman moment" in 2008.

The Tether stable coin has some backing but they have never been willing to say exactly what. They have said some was bonds.
The speculation is that much of it is US dollar bonds from Chinese land developers. Some is US treasuries.
Both of these have lost value. So even if the bonds backing Tether was enough to cover $80 billion in tether a year
ago it may not be nearly enough today.
So people are taking their money out of Tether. We could get down to some point, say $40 billion in Tether left,
and run out of backing. If so, then it would tail too. Of course if 2 major "stablecoins" fail, everyone will take their money out of the others. If any of them don't have enough backing (high chance), then they will fail too.

So "contagion" is easy. And, "when the tide goes out you see who is swimming naked".

[Tom Mazanec]

Why the Fed will fail to fight inflation until the recession beats it down
https://thegreatrecession.info/blog/fed ... inflation/