Bitcoin slide. Discuss

[CrazyTrader55]

I have no crypto holdings.

I've been anti-crypto for a long time. I sat there and watched it keep going up and up and up.... peaking at $126,000 a few months ago.

Since then it's in full reversal and there is panic in the air.

The big boys appear to be cashing out.

A big "hacking" at an exchange now could really put gasoline on the fire.

We shall see what happens.

 

[Muhammed]

I have no crypto holdings.

I've been anti-crypto for a long time. I sat there and watched it keep going up and up and up.... peaking at $126,000 a few months ago.

Since then it's in full reversal and there is panic in the air.

The big boys appear to be cashing out.

A big "hacking" at an exchange now could really put gasoline on the fire.

We shall see what happens.

2 years ago BTC was at ~$23,000. Now its at ~$74,000.

That's not a bad return on investment. Most people would be very happy with that.

 

[CrazyTrader55]

2 years ago BTC was at ~$23,000. Now its at ~$74,000.

That's not a bad return on investment. Most people would be very happy with that.

How about the fellow that bought at $120k, or $100k, or $85k?

 

[Muhammed]

How about the fellow that bought at $120k, or $100k, or $85k?

You're supposed to buy low and sell high. It is really bad strategy to buy high and sell low.

 

[1srelluc]

Free investment advice.....Just pay shipping and handling.

If you don't understand something don't invest in it!

 

[luiza]

I have backed Precious Metals almost exclusively , but am aware of two remarkable , consummately clever and prescient professionals who believe BTC will reach 300 000 very quickly -- minimum .

In summary , the narrative is that Deep State ( Jewish International Settlement Bankers ) are committed to throwing away fiat currencies in order to move to a financial system Re-Set which simply walks away from existing Debts ( impossible to maintain by interest payments , let alone reducing the outstanding total ) , and moving to a globally agreed new standard transaction balance method .

That will be BTC ( Bitcoin ) or XRP ( Ripple) which many banks already use as the means of payment transfer instead of SWIFT .

HOWEVER ,
There is another school of thought that suggests Gold will be the "new " financial system payments standard rather than a Crypto currency .
I favour the Gold narrative as it will never lose value as a haven to which people run to when overall matters look bleak .

The current situation is best looked at as time when the Elite have shorted both Crypto and Precious Metals in order to buy big at the correction bottom when scared traders and others have bailed out in fear and panic .

This is the real WW3 .
Being waged now .
Not Epstein , Ukraine or even more trivial matters .

The first big bank went bankrupt in Chicago a few days ago . BoA , Citi Group and Deutsche are the biggest names of other failing banks .

 

[Dont Taz Me Bro]

I have no crypto holdings.

I've been anti-crypto for a long time. I sat there and watched it keep going up and up and up.... peaking at $126,000 a few months ago.

Since then it's in full reversal and there is panic in the air.

The big boys appear to be cashing out.

A big "hacking" at an exchange now could really put gasoline on the fire.

We shall see what happens.

This type of slide seems to happen with crypto every couple of years.

 

[luiza]

This type of slide seems to happen with crypto every couple of years.

This time it was blatantly manipulated .
The big players -- which basically are the banks --- had somehow failed to keep control of the price of Silver and many billions were potentially lost when they shorted at around $80 .
This was disastrous and many institutions would have been bankrupted as PM prices jumped further , but in parabolic fashion .
All of the Cabal was then forced to Short Gold and Silver at huge high prices (plus Cryptos )in order to prevent the whole system from crashing almost overnight .
Gold touched $5600 and Silver $120 with retailers piling in based on FOMO .
True mad market action ..

Those prices had to be driven down in order to stop the worst ever system implosion .
Then the Cabal was able to retrieve their earlier Short Positions and replace them with Long ones .

 

[d0gbreath]

I actually cashed in at 126k. I got back in prior to the interest rate change that didn't do anything. I hold long term, so seesawing is expected. However I parked it 4 days ago. Que sera, sera.

 

[Chuz Life]

I don't know if anyone is interested but I will soon be patent pending on my own digital "coin."

My idea was significantly different from BTC.

Enough so that even my Patent Attorneys think it has a good chance for being awarded the patent, then sale or licensing.

Like others here, I was (still am to some degree) very resistive to crypto. Especially meme coins and proof of work coins like BTC.