Jump to content

automatic

Silver Member
  • Posts

    1,830
  • Joined

  • Last visited

Reputation Activity

  1. Like
    automatic reacted to Nat99 in Epic Pennant on BTC Chart   
    @Eric123thoughts on this one?
    I'm more in the camp of those who see the FED always choosing the direction of inflation, i.e. print more money to keep the stock market propped up. Too many retirees depend on it in the US.
    (I'd even go as far and say that the FED will walk back their "thinking about thinking about talking about talking about potentially maybe at some point tapering".  We'll see in August, but given CPI will come down from it's YoY distorted high, they'll have a reason to state that there's not enough inflation according to their numbers. They might raise 0.25%, but it won't be next year.)
    Again, always keep in mind that the markets are not a reflection of the real economy.
     
    @Plikk When you say you want to be in fiat when SHTF, this assumes a certain amount of trust in fiat itself, which is a bit of a contradiction to an economic collapse. Given how leveraged the banks are, fiat is not safe there, too. FDIC insurance only covers so much and if really FDIC gets triggered, the FED will have to step in, which means markets go up again. It was similar here in Switzerland in '08. The local FDIC equivalent had CHF 5 billion available, but would've needed CHF 60b to pay out all bank account holders if they had let the banks deleverage and subsequently go bust.
    You can stay in actual paper cash, but that has its own risks.
  2. Like
    automatic reacted to Plikk in Epic Pennant on BTC Chart   
    I don’t think it will be a big enough collapse that governments actually lose control over their monetary policies and such. But I do believe in a rough economic downturn ahead. In which people will sell their stocks, bonds and crypto in panic. 
     
    Inflation narrative is being puehed right now, so people are eager to trade their fiat into commodities etc. As soon as they start to panic sell their belongings, they will have to trade back into fiat and thus demand will grow and fiat will gain strength again. It will be a process and during that process I want to be ready to take advantage of low prices and having fiat ready at all time to buy when everyone is selling. 
     
    It’s not as easy as it’s sounds and I will probably make plenty mistakes too. But as long as you have an edge on the ‘herd’ I think solid long-term investments can be made. 
  3. Like
    automatic reacted to Benaoao20 in Epic Pennant on BTC Chart   
    Been stalking this topic for a couple years now 
    and I think we can safely say that, yes, @Eric123, this was the mother of all pennants on post #1 here in this thread 
  4. Like
    automatic reacted to Nat99 in Epic Pennant on BTC Chart   
    @Eric123thoughts on this one?
    I'm more in the camp of those who see the FED always choosing the direction of inflation, i.e. print more money to keep the stock market propped up. Too many retirees depend on it in the US.
    (I'd even go as far and say that the FED will walk back their "thinking about thinking about talking about talking about potentially maybe at some point tapering".  We'll see in August, but given CPI will come down from it's YoY distorted high, they'll have a reason to state that there's not enough inflation according to their numbers. They might raise 0.25%, but it won't be next year.)
    Again, always keep in mind that the markets are not a reflection of the real economy.
  5. Like
    automatic got a reaction from billion in Epic Pennant on BTC Chart   
    First things first - past performance does not guarantee future results.
    Having said that, current setup does resemble 2013/2014.  If the history were to repeat itself, and assuming that the stock market doesn't tank in the meantime, then I would expect a choppy but sustained ascent back into high-50s/low60s followed by a brief (lasting weeks rather than months) and violent breakout to 100k+.  
  6. Like
    automatic got a reaction from Neurotoxin in Epic Pennant on BTC Chart   
    First things first - past performance does not guarantee future results.
    Having said that, current setup does resemble 2013/2014.  If the history were to repeat itself, and assuming that the stock market doesn't tank in the meantime, then I would expect a choppy but sustained ascent back into high-50s/low60s followed by a brief (lasting weeks rather than months) and violent breakout to 100k+.  
  7. Like
    automatic got a reaction from Chookstar in Epic Pennant on BTC Chart   
    First things first - past performance does not guarantee future results.
    Having said that, current setup does resemble 2013/2014.  If the history were to repeat itself, and assuming that the stock market doesn't tank in the meantime, then I would expect a choppy but sustained ascent back into high-50s/low60s followed by a brief (lasting weeks rather than months) and violent breakout to 100k+.  
  8. Thanks
    automatic got a reaction from MQB in Epic Pennant on BTC Chart   
    First things first - past performance does not guarantee future results.
    Having said that, current setup does resemble 2013/2014.  If the history were to repeat itself, and assuming that the stock market doesn't tank in the meantime, then I would expect a choppy but sustained ascent back into high-50s/low60s followed by a brief (lasting weeks rather than months) and violent breakout to 100k+.  
  9. Like
    automatic got a reaction from Plikk in Epic Pennant on BTC Chart   
    First things first - past performance does not guarantee future results.
    Having said that, current setup does resemble 2013/2014.  If the history were to repeat itself, and assuming that the stock market doesn't tank in the meantime, then I would expect a choppy but sustained ascent back into high-50s/low60s followed by a brief (lasting weeks rather than months) and violent breakout to 100k+.  
  10. Like
    automatic reacted to HAL1000 in Jeremy Hogan tweets   
    Also
     


  11. Like
    automatic reacted to JASCoder in Epic Pennant on BTC Chart   
    Coin Telegraph had a short write-up on Grayscale's 16,000 BTC "unlocking" coming up in July, and how it will affect BTC volatility - also they've included an interesting chart on the fluctuations of the GBTC price premiums to the market price :
    https://cointelegraph.com/news/bitcoin-sell-pressure-may-hit-zero-in-july-thanks-to-grayscale-s-giant-16k-btc-unlocking
  12. Like
    automatic reacted to brianwalden in Epic Pennant on BTC Chart   
    Pretend crypto addresses are safety deposit boxes. The Ethereum address you gave them is box 12345 at the Bank of Ethereum. When the Flare Network launches, your FLR will be deposited into box 12345 at Flare Bank, not the Bank of Ethereum. If you go to Flare Bank, the key you've got for box 12345 at the Bank of Ethereum, will unlock that same box at Flare Bank. At that point you'll be able to use any of Flare Bank's other services such as FTSO voting and any DeFI apps built within the bank.
  13. Like
    automatic reacted to Plikk in Epic Pennant on BTC Chart   
    I think that target is very unlikely as is the bullrun continuing wel into 2022, more like a top in nov/dec or maybe early 2022 of we’re lucky IMO. 
     
    I like the 4y cycle theory and S2F model, which could see BTC between 180-300k or so, which is still a high but more probable target IMO. Mainly because fib target of BTC swing high/low is 180k right now and giant fib extension like Doge pulled off would bring BTC to about 300k
  14. Like
    automatic reacted to Eric123 in Epic Pennant on BTC Chart   
    Bitcoin's price is bouncing around $38k now.  What is going to propel the next move up???  Maybe while everything is down it would be a good time for XRP to announce a settlement with the SEC and shoot the price to a new ATH.  That would seem a very XRP move to make. 
    Here are two bits from from the article linked below.  Regarding last weeks crash.
    "Brian Kelly, CEO of BKCM, pointed to firms in Asia such as BitMEX allowing 100-to-1 leverage for cryptocurrency trades."
    "Bitcoin traders liquidated roughly $12 billion in levered positions last week as the price of the cryptocurrency spiraled, according to bybt.com. This mass exodus wiped out about 800,000 crypto accounts."
    https://www.cnbc.com/2021/05/25/bitcoin-crashes-driven-by-big-margin-bets-new-crypto-banking.html
     Obviously I'm aware that 100-1 leverage exists for bitcoin - but who in their right mind is crazy enough to use 100-1 leverage???  Has anyone on this board done this??  and if so how did it work out?  I'm really curious.
     

  15. Thanks
    automatic reacted to CryptoPitbull in SEC vs Ripple Hearing 05/21/2021 @ 2PM EST   
    If you have Twitter....
  16. Thanks
    automatic reacted to Pablo in Memorandum of Law in Opposition to @Ripple 's Response to Motion to Intervene by #XRPHolders.   
    I always said that the lawsuit would take months to resolve. Gensler has been settled in for a while now at the SEC and his first response to the litigation? Bringing in reinforcements for the hapless Jorge Tenreiro with not 1 but 2 big guns. The SEC is not playing nice either and have approached regulators in other countries to obtain evidence about Ripple. They are pulling out all the stops to win this case. Why bother with all that horsepower just to settle? Because the SEC is not ready to settle.
    Keep in mind that where there is a realistic chance of settlement, this would be shared with the court and we would have known about it by now. All I've seen to date is endless interrogatories and procedural skirmishes.
    To all intents and purposes, it looks like a normal litigation process with the parties moving towards a natural conclusion. We are still in the softening up period where both sides get to see the strength of the other side's case during discovery. Only then will each side know how much leverage they have. Having John Deaton in the mix complicates matters and slows the whole process down (which we can already see happening).
    There were people claiming that this matter would have settled by February.
    As for the relative strength of each sides' case, I haven't seen anything that changes my view on the outcome: XRP will likely be fine, Ripple and the execs take a few knocks, maybe pay some fines and disgorgement to the SEC and we all move on. To get to that point, we still have many bridges to cross.
  17. Like
    automatic reacted to RipMcGillicuddy in Memorandum of Law in Opposition to @Ripple 's Response to Motion to Intervene by #XRPHolders.   
    Thanks for your insight. Always appreciated. 
    Good to know my funds are likely to be locked out of American exchanges for the foreseeable future then, and that any potential price appreciation of my assets will be anchored down by this case for many more months to come. 
  18. Like
    automatic got a reaction from Chookstar in Epic Pennant on BTC Chart   
    My money is on BTC having at least one or two more legs up this year.  We needed a cool off period, and now we got it.
    I'm reloading on the way down.
  19. Like
    automatic reacted to xrp-nuke in Epic Pennant on BTC Chart   
    Funny thing, people cry about Elon or having gloating time of the year. But ignore fact that Galaxy & Microstrategy AUM is growing, Galay alone added almost 20B in past month.
    Its not taking into account DeFi TVL growth and interest account in market leadera like: BlockFi and Nexo.
  20. Like
    automatic reacted to Eric123 in Epic Pennant on BTC Chart   
    Even with the "crash" Bitcoin is still just basically moving in basically boring sideways action.  The price broke below the support line but has rebounded above the line. Looks like it will take a little longer than I thought before Bitcoin makes it big bread to the upside.

  21. Like
    automatic got a reaction from Eric123 in Epic Pennant on BTC Chart   
    My money is on BTC having at least one or two more legs up this year.  We needed a cool off period, and now we got it.
    I'm reloading on the way down.
  22. Thanks
    automatic got a reaction from MQB in Epic Pennant on BTC Chart   
    My money is on BTC having at least one or two more legs up this year.  We needed a cool off period, and now we got it.
    I'm reloading on the way down.
  23. Like
    automatic reacted to Seoulite in Why now is a spectacularly bad time to change your XRP for ETH   
    Some of you might be thinking of swapping your XRP for ETH right now. In my opinion this is a bad idea. In fact, I think it's a terrible idea. This is just my opinion and not advice on what you should do. I could be totally wrong. Maybe the judge will order Ripple to give the escrow to Vitalik for use of supporting the ETH ecosystem. Stranger things have happened.
    The main reason is this. I've marked the high and low of the range (ignoring the flash crash in early 2020 because it only appears on this chart). 

    We are 90% off the ATH for this chart. That means we are LOW. Really, really low. See that number just under the blue one? That's zero. The chart doesn't actually go lower than that unless the judge orders XRP holders to actively pay ETH holders for the inconvenience and distress we have caused them. 
    People want to buy ETH now because it is high. This is the exact opposite of what they should be doing. This chart says that in the future, XRP is much more likely to outperform ETH than vice versa. Because charts go up and down. After down is up. 
    You might say well yeah there are some charts that just flatline along the bottom forever and that could happen here too. It could, but there are only two scenarios in which that happens: 1) XRP dies, actually dies, or 2) ETH is just astronomically, inconceivably dominant, running at prices in the 10s of thousands without any serious correction, for years and years. With the kinds of problems ETH has, I don't see that happening. If you do then maybe you should be invested in ETH. 
    So ETH is having their day in the sun. This chart, with nothing on it but the high and the low, says our day is coming. 
  24. Thanks
    automatic reacted to Danny in Why now is a spectacularly bad time to change your XRP for ETH   
    Easily? 

    I believe to some extent this is going to happen:

     
  25. Like
    automatic reacted to Eric123 in Epic Pennant on BTC Chart   
    Anyone that listened to my advice and bought BitcoinSV at $285 7 days ago.  You might want to get out now that it's up 30% on the day and at $428.  Also,  You're Welcome.   
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.