Is the crypto winter over?

themickey said:
Always coldest just before dawn.
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Son, the crypto sun has just started to set. Dawn is still a few months away. We will see below 15K again this year.

There will be an extra 200K coins this year for sale and the general market is going down too. (just in case you wanted to see the reasons, instead of stupid analogies)
 
johnarb said:
Banks are insolvent, the Fed is insolvent, I think it's time for a pivot. Only issue is that I get liquidated before the Fed decision
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But I thought you've for the longest time advocated Bitcoin and cryptos as safe havens. :D

Anyway, does Goldman Sachs have any stake in SVB? If not, I don't think there's anything to worry about. But more importantly, is Janet Yellen a Goldman Sachs alumni? Well, even if she isn't, she might be thinking about it. So yeah, as long as Goldman is sound, it'll be localized.

Lastly, I don't think Jerome Powell can win in the long run. He will eventually capitulate and tone down his rhetoric. He'll go for 25 bps in March but that will be it. From May on, I'm willing to bet he will maintain a "no more hike" policy.
 
schizo said:
But I thought you've for the longest time advocated Bitcoin and cryptos as safe havens. :D

Anyway, does Goldman Sachs have any stake in SVB? If not, I don't think there's anything to worry about. But more importantly, is Janet Yellen a Goldman Sachs alumni? Well, even if she isn't, she might be thinking about it. So yeah, as long as Goldman is sound, it'll be localized.

Lastly, I don't think Jerome Powell can win in the long run. He will eventually capitulate and tone down his rhetoric. He'll go for 25 bps in March but that will be it. From May on, I'm willing to bet he will maintain a "no more hike" policy.
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This is my perp futures casino account for short term trading

You do know I hodl bitcoins and don't trade those, right? Those are for holding until btc reaches $500K and $1M and $10M and higher

SVB is only the tip of the iceberg, most banks are insolvent including the Fed, if you watch the video the breakdown is there, if not, don't worry about it :D
 
johnarb said:
SVB is only the tip of the iceberg, most banks are insolvent including the Fed, if you watch the video the breakdown is there, if not, don't worry about it :D
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I'm still watching it but I hope you know by now that I'm allergic to most of these fundamental analysis.
 
schizo said:
I'm still watching it but I hope you know by now that I'm allergic to most of these fundamental analysis.
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In the middle of the video, you will hear Bill say that this has nothing to do with crypto. SVB is not a crypto bank, SI was. Both banks shutdown

Here's the numbers in printed form if you'd like

https://twitter.com/x/status/1634203345744277504

There's a typo on the breakdown, just in case people jump on it

upload_2023-3-10_20-50-45.png
 
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johnarb said:
In the middle of the video, you will hear Bill say that this has nothing to do with crypto. SVB is not a crypto bank, SI was. Both banks shutdown
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Be that as it may, I don't think this will have a contagion effect like in the aftermath of Lehman.

Look, everyone thought the world would collapse in 2008. The way the stock market behaved at the time made that a real possibility. But what happened? The stock market did not blow up. We didn't go through another Great Depression. In fact, the market ran up and up and up for the next 15 years.

BTW this dude must be reading my posts LOL. He's saying the same thing I've been saying, more or less. Click on the video. ;)

 
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