Is the crypto winter over?

schizo said:
Valid point. But I think these guys are taking it down intentionally to buy on the cheap.
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Bitcoin trades 24/7/365 spot and futures global market billions of dollars worth every day

No circuit breakers, no order reversals like what happened with the LME

There is no market that is more transparent with public ledger (blockchain) visibility

But well-financed guys can and do manipulate any market in the short term

In the long term, they won't be able to with what's happening in Africa, Brazil, El Salvador, Turkey, Lebanon
 
schizo said:
Go look at the chart I've posted.
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Then I have to ask what is the difference between rigging the market and playing the market.
Rigging I would think you'd have to have some control over supply.
 
deaddog said:
Then I have to ask what is the difference between rigging the market and playing the market.
Rigging I would think you'd have to have some control over supply.
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It doesn't matter. Small fish like you or me will never be able to rig the market. However, it wouldn't be a bad idea to know when these things happen. For instance, you know now that whenever price tanks like in the chart I've posted, it will eventually climb back up. So you can simply fade the selloff and ride the bounce up.
 
The government raid on Nexo IO isn't helping much either. Looks like she's one of the other two dominos ready to fall still at the moment. I avoided putting any money into Nexo due to their returns being VERY suspicious. I also couldn't understand why certain podcasts that were supposed to be reputable, like 'Bankless' was still playing their adverts and pumping them.

Looks like 'Bankless' canceled their adverts finally, and also offered an apology to their listeners in regard to having supported Nexo earlier.

This is going to hurt... Buckle up everyone, the dust hasn't settled yet.

The funny part? Now that the Winklevoss twins are broke as well, the SEC hit them with hefty fines on top of the class action lawsuits.

Don't hit that remote yet, sit tight on the couch and get ready for some more action-pact drama on 'Contagion' episode 102.
 
The_Krakenite said:
The government raid on Nexo IO isn't helping much either. Looks like she's one of the other two dominos ready to fall still at the moment. I avoided putting any money into Nexo due to their returns being VERY suspicious. I also couldn't understand why certain podcasts that were supposed to be reputable, like 'Bankless' was still playing their adverts and pumping them.

Looks like 'Bankless' canceled their adverts finally, and also offered an apology to their listeners in regard to having supported Nexo earlier.

This is going to hurt... Buckle up everyone, the dust hasn't settled yet.

The funny part? Now that the Winklevoss twins are broke as well, the SEC hit them with hefty fines on top of the class action lawsuits.

Don't hit that remote yet, sit tight on the couch and get ready for some more action-pact drama on 'Contagion' episode 102.
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They seem to not want to hear any bad news though. Even though the chart looks toppy, it ain't letting up. I think they will eventually shoot for 25,000 before stepping on the brake. We should see the FOMO herds coming in any day now and creating a blow off top.
 
schizo said:
They seem to not want to hear any bad news though. Even though the chart looks toppy, it ain't letting up. I think they will eventually shoot for 25,000 before stepping on the brake

We should see the FOMO herds coming in any day now and creating a blow off top.
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Serious questions, who is the "they" on the first part and who are the fomo folks you're referring to on the latter part?

I have a couple of friends who I used to share text messages with and they are out of funds for crypto investments. I understand and sympathize with them and just let them know to save their funds for when the next bull market happens we'll make a killing

I have friends and family that I consider traditional investors, stocks and real estate, and I can hear a lot of pity (feel bad for me) when the subject of bitcoin and crypto assets investments come up

I try to tell them I'm doing ok and prepared for this downtrend and even rationalize all investments are affected by the Fed tightening, including stocks, bonds, and real estate

But I don't think it changes their opinion of bitcoin and cryptos, the word ponzi has come up, especially when the CEO of bitcoin announced bankruptcy (FTX, lol)

They've done well with the RE properties values and stock portfolio but pretty sure they're taking a hit, too

As far as the fomo crowd you're referring to, maybe when bitcoin hits $50k but not at $30k nor even $40k
 
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