I believe if the Fed starts printing again and stops the QT and rate hikes that bitcoin will exceed $100k this year
Not straight up, of course, with ups and downs, but yea, bull market in all markets
You have a position or not yet?
Is the crypto winter over?
- Thread starter schizo
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I believe if the Fed starts printing again and stops the QT and rate hikes that bitcoin will exceed $100k this year
Not straight up, of course, with ups and downs, but yea, bull market in all markets
You have a position or not yet?
I'm holding a small position from 20K. As far as the Fed goes, it won't print again anytime soon for fear of stoking the inflation again IMO. But they can at least pause raising the interest rate, or do it intermittently as needed. That said, I don't think $100K is possible anytime soon but we'll still have a nice run up. Just my 2 cents.
I'm going to assume you're long and not short
When they did the bailout today letting everyone know that they will have full access to all their funds at SVB and SBNY and all the banks, do you not consider that as printing, money printer goes brrr?
They can continue raising rates, but print at the same time. They are not mutually exclusive, see BoE when they bailed out the pension funds by buying their gilts
Eh? What made you think I was short?I'm going to assume you're long and not short
I mean, didn't I tell you explicitly not to short on Friday? 
So, yeah, I'm long but I'm pretty sure we'll likely retest the low again before shooting up. I think this is a bear trap. So I'll be looking to unload soon and then get back in once it retraces back down to 20,300-ish level.
Well, I guess you can see it that way. But on a macroeconomic level, this is more a transitory than a permanent fix. So it wouldn't necessarily have a long-lasting effect IMO.
Pandora's box has been opened. I do not think they can put the genie back in the bottle...
The internet is a funny thing, this HTM stuff has propagated out there
If you're one of the people that lost access to your funds last Friday, if you're one of the companies that missed payroll last Friday, if you're one of the businesses that are preparing for a massive layoff this week or maybe even announced one last Friday...
Today, you are very happy but you better be more responsible and start diversifying your funds
And all the others who saw what happened are looking at their banks and now have a question to ask, should we move the funds to JP Morgan?
That's the reason the announcement was all the banks will be backstopped
You think this is temporary? Is HTM stuff temporary?
I don't think so
Dude, you need to make up your mind.
You can't have both at the same time. How can you expect this economy to collapse but, at the same time, expect BTC to spike up? That's a contradiction.Dude, you need to make up your mind.
Oh boy... in my world, unlimited money printing is bullish, not bearish
The Fed and their cohorts just told you they will backstop all the banks, forget the FDIC $250k protection limits
I'm sofa king bullish I just told you I predict bitcoin will hit $30k this coming week but most importantly bitcoin will hit $100k this year
There is no confusion. HTM is not temporary and the Fed money printer go brrr is not temporary
No, I AM NOT EXPECTING THE ECONOMY TO COLLAPSE
How you got that I'm BEARISH when the Fed is going unlimited money printer go brrr is beyond me
Let me repeat, I AM UBER BULLISH!!!
Stock market will rally tomorrow, too, btw
[PS: anyone bearish in 2008 GFC and Covid economc shutdown was wiped out, financial darwinism at its finest]
Okay, I stand corrected.
But I ain't so convinced we've turned the corner. Having traded for 30 years and seen two major bear markets (2000 and 2008), this is just my gut instinct but I need to see more confirmation before going all in.