LUNA de-listed from pretty much every major exchange, even if you wanted to sell for a few pennies it's almost impossible to now.
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Whats happened to Luna will happen to all crypto. Do not invest.
crypto was only going to work if it replaced money. but now we know it wont do that. Its not a stable store of wealth nor a flexible medium of exchange. Thus it fails at being money.
and heres the real kicker that people just dont get. If it did satisfy the rules of money then governments would ban them. Governments need a monopoly on money otherwise they cant employ fiscal policy effectively. The only reason governments havent cancelled crypto is because it hasnt been acting as money so it has never been a realistic threat.
Crypto is just a speculative asset. And like all speculative assets its ultimate value will be determined by its real value to the economy.
and its real value is almost zero.
dont be fooled by those who say newbie investors lose their nerve and money while the experts stick at it and become rich. Its propoganda to help pump up their own holdings.
we will be studying about crypto soon in the same way we study about other asset booms. And we will all be left wondering why the fools didnt see the crash coming.
this time is not different. Crypto is not the biggest bubble of all time. There is nothing special about it.
dont be one of the fools we will soon study and pity.
i post this to help you. if you dont heed the advice dont say no one ever warned you. Do your research.
Bitcoin looks to be riding the wave nicely!
Old man yells at cloudSounds like woke financial advice Seeds.
Can’t short anymore, there’s no liquidity on exchanges leftOther than having to worry about a short squeeze, is shorting this coin free money in that case? Or am I missing something?
I’m very impressed by the strength of ETH, bounced off the 200 WMA very nicely, just like it did mid 2021 at the lows.There will be more pain ahead, don't get too excited. We can enjoy this bounce while it lasts though
How do you know that?There will be more pain ahead, don't get too excited. We can enjoy this bounce while it lasts though
Macro climate still stinks, until there is a sustained downtrend in the CPI print to confirm inflation has peaked, liquidity is not pumping into any financial market. US Fed also starts reducing their balance sheet in June. May-July are also historically crap months in stocks and crypto.How do you know that?
Macro climate still stinks, until there is a sustained downtrend in the CPI print to confirm inflation has peaked, liquidity is not pumping into any financial market. US Fed also starts reducing their balance sheet in June. May-July are also historically crap months in stocks and crypto.
Tedtalksmacro is an Aussie on Twitter that is elite at describing the macro in relation to crypto.
Yeah, they're great if you're shorting.I love bear markets.
Bitcoin has a 13 year history, and is likely here to stay. The richest person in the world is personally invested and his opinion carries more weight than yours or mine.Whats happened to Luna will happen to all crypto. Do not invest.
Crypto has been banned many times by many governments. Banning bitcoin in Australia will probably be equally effective as banning marijuana.crypto was only going to work if it replaced money. but now we know it wont do that. Its not a stable store of wealth nor a flexible medium of exchange. Thus it fails at being money.
and heres the real kicker that people just dont get. If it did satisfy the rules of money then governments would ban them. Governments need a monopoly on money otherwise they cant employ fiscal policy effectively. The only reason governments havent cancelled crypto is because it hasnt been acting as money so it has never been a realistic threat.
What do you mean by speculative? Crypto is being utilised for real world transactions. The latest company to be onboarded is Emirates airlines.Crypto is just a speculative asset. And like all speculative assets its ultimate value will be determined by its real value to the economy.
According to you. Lemme guess...the market is wrong.and its real value is almost zero.
The stockmarket is down. Crypto is down. Housing is down. You don't see a correlation?dont be fooled by those who say newbie investors lose their nerve and money while the experts stick at it and become rich. Its propoganda to help pump up their own holdings.
we will be studying about crypto soon in the same way we study about other asset booms. And we will all be left wondering why the fools didnt see the crash coming.
Exactly. This time isn't different.this time is not different. Crypto is not the biggest bubble of all time. There is nothing special about it.
dont be one of the fools we will soon study and pity.
i post this to help you. if you dont heed the advice dont say no one ever warned you. Do your research.
Crypto is going down with the market (well a lot more then the market) cos it's viewed as a financial asset. And an incredibly risky one at that. Not money. If it was viewed as money it would not go down with the stock market.Bitcoin has a 13 year history, and is likely here to stay. The richest person in the world is personally invested and his opinion carries more weight than yours or mine.
Crypto has been banned many times by many governments. Banning bitcoin in Australia will probably be equally effective as banning marijuana.
What do you mean by speculative? Crypto is being utilised for real world transactions. The latest company to be onboarded is Emirates airlines.
Emirates Airline to accept Bitcoin as a form of payment
It may have been a horror few weeks for cryptocurrencies, but UAE airline Emirates has revealed it will be accepting Bitcoin as a payment service. The moved was announce by the company Chief Operating Officer Adel Ahmed Al-Redha. The airline is planning to recruit personnell to create...tickernews.co
According to you. Lemme guess...the market is wrong.
The stockmarket is down. Crypto is down. Housing is down. You don't see a correlation?
Historically, crypto marketcycles are fairly predictable around BTC halvings. Do you know anything about bitcoin halvings?
Exactly. This time isn't different.
1. We'll have another ATH for bitcoin eventually, most likely in the next cycle.
2. Someone like you will be here to tell us why it's speculative or tulip mania when bitcoin crashes from $100k to $50k.
Crypto is going down with the market (well a lot more then the market) cos it's viewed as a financial asset. And an incredibly risky one at that. Not money. If it was viewed as money it would not go down with the stock market.Bitcoin has a 13 year history, and is likely here to stay. The richest person in the world is personally invested and his opinion carries more weight than yours or mine.
Crypto has been banned many times by many governments. Banning bitcoin in Australia will probably be equally effective as banning marijuana.
What do you mean by speculative? Crypto is being utilised for real world transactions. The latest company to be onboarded is Emirates airlines.
Emirates Airline to accept Bitcoin as a form of payment
It may have been a horror few weeks for cryptocurrencies, but UAE airline Emirates has revealed it will be accepting Bitcoin as a payment service. The moved was announce by the company Chief Operating Officer Adel Ahmed Al-Redha. The airline is planning to recruit personnell to create...tickernews.co
According to you. Lemme guess...the market is wrong.
The stockmarket is down. Crypto is down. Housing is down. You don't see a correlation?
Historically, crypto marketcycles are fairly predictable around BTC halvings. Do you know anything about bitcoin halvings?
Exactly. This time isn't different.
1. We'll have another ATH for bitcoin eventually, most likely in the next cycle.
2. Someone like you will be here to tell us why it's speculative or tulip mania when bitcoin crashes from $100k to $50k.
Crypto has a higher beta than stocks and property, so it moves in the same direction as other asset classes, but moreso.Crypto is going down with the market (well a lot more then the market) cos it's viewed as a financial asset. And an incredibly risky one at that. Not money. If it was viewed as money it would not go down with the stock market.
A couple of companies that don't have a clue about economic trying to use it as money are just outliers. If there was a lot of them then crypto would not be falling with stocks. As it would rise against stocks like actual money currently is.
We have had asset bubbles last this long before. Asset bubbles are much higher then crypto and then crash down to zero.
And other then China and a few outliers countries have not banned it. They will though if lots of firms demanded crypto in payment. Governments need you using their own currency as payment for both tax collection and so they can provide fiscal stimulus to smooth the cycle.
And that richest man on the planet is trying to pump crypto for his own short term gains cos he has the power to manipulate the market to make himself richer. I highly doubt he actually believes in its long term sustainability.
Crypto has a higher beta than stocks and property, so it moves in the same direction as other asset classes, but moreso.
Beta
The beta (β) of an investment security (i.e., a stock) is a measurement of its volatility of returns relative to the entire market. It is used as a measure of risk andcorporatefinanceinstitute.com
Bitcoin can't be banned because there's no single point of failure. If governments wanted to take legal action, how will they find the CEO of bitcoin?
Elon has no need for pump n dumps to make him rich. He's called bitcoin overpriced after buying, so I doubt he is motivated by pumping the price of his holdings. He did similar with Tesla too.
Cocaine and marijuana are already illegal, and the government can't stop them.Kinda like how the government take action even though there is no CEO of cocacine or marijuana?
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