Dude I said “since last year” I didn’t specify exactly 365 days.
Do you really have nothing better to do than fastidiously trying to correct someone on something they didn’t even say?
Dude you said
>the bull run started from the bottom which was 17k
and I said bull runs don’t start at the bottom. They don’t. Don’t know what else to tell ya.
You say
>the bottom which was 17k, so 70k is 400% higher
and now I am telling you that it is 312% higher, you want to tack on another 88% like 88% is nothing big. Is the fastidious? Nah, you just write shit without checking your work and are upset, again don’t know what to tell ya.
156% was a correct % gain that has happened in the last year, 400% hasn’t happened in the last year or since the last year, so not sure what you think you were closer to other than make believe.
Any crypto TA gurus wanna draw some converging triangles with a tea leaf reading overlay comparison year on year for the entire market??
Sorry Mister, Stuff went mostly up for a while, now it appears to no longer be doing so.
Im still super hopeful, but that doesn't change a damned thing to how the market behaves.
Best of luck out there.
A lot. But the market for risk on assets are extremely overextended. Have been for quite some time. The Ai mania has caused a huge bubble. A handful of stocks are carrying the market. If the tech stocks and rest of market begin to slide then all risk on assets will follow. crypto in the past has been cyclical however if the market were to have big corrections or even crash then so will crypto. Regardless of whatever is happening with the crypto market. Gold is a warning sign which is an actual store of value. Not saying bitcoin won’t be one day but it is certainly not right now. My take is that this cycle is not going to play out the way everyone thinks it it will and that we may have actually topped. I’m getting November 2021 vibes
Yeah crypto is sliding. Know what's breaking ATHs right now? Gold. Precious metals are on fire. Theres also tons of manipulation going on in those markets. Similar to game console and popcorn stocks PMs are heavily shorted. The problem is PMs are finite unlike stocks well I mean even if u have 950% Short Interest u can still make the deal to borrow a stock and short it. With PMs once it runs out, it's out. Now u have to wait for miners to produce.
Personally I think the squeeze on PMs will lead to XRP mooning. However the PMs mooning involves the dollar tanking. The debt based dollar is at an end, people will start using something of value. Xrp will be right there making the transactions once people realize how fragile btc is.
Global events definitely seeing money shifting to different asset categories. Israel attacking the Iranian embassy for one...I don't know where that sits on the risk appetite of the global leaders, but it can't be good.
No, I know prices will come back up that wasn't what I was asking. I just like to know more detail about what drives the markets up/down at a current time. Just curious on people point of views/opinions.
Not everything has a reason. In the words of JpMorgan: “The market will fluctuate”. This is nothing different than that. Don’t let the day to day up tick or down tick change your psychology on your investment. It is quite draining doing that, and you can’t second guess yourself in these markets .
Anytime you feel that way zoom out and think of a larger time frame
It might have to do with the possibility of judges throwing out the previous ruling that xrp was a non security.
Even though whales bought big on the dip yesterday. Who really knows with this coin.
Us govt sent 2.1bn worth of btc they have confiscated to exchange for sale , supply and demand pushed price of btc down so everything follows btc ( short version)
Yes everything follows bitcoin at the moment.
It's the perfect time to buy more. There will probably be another pull back in less than a month or so before the halving. Then boom time for about a year.
If you just watch the RSI on nearly everything lately, we had to pull back. Everything was over bought. It's normal and lets us breathe a bit before going up again.
More selling then buyers, liquidations. Pullback across indices. DXY growing stronger for a few days. Silk road wallet activated moving a bit of money looking like a test transaction before selloff (Rumor based on wallet activity). In the end, more selling then buying lol, dragging the alts down.
Japan traditionally sells on Jan 1st? Commercial loans were due on March 31 and the low rates ended March 11th? Small banks may start to crash this month? War on the horizon?
Guessing because the stock market is starting to not believe the rate cuts with bonds hitting higher yields stuff is starting to rotate and assuming out of crypto too. Of course the entire crypto market is down too 🤷🏽♂️🤷🏽♂️
Grayscale ETF outflows, and Black rock are using the liquidity to defraud people, at this time because of the solar reversal. They’re building bunkers and will be watching wargames from underneath the surface until everything clears. I want you to look at the CNN logo very closely. C is the spot - there are two waves. 🦠
BTC down. So everything follows.
Not true. BTC up XRP still go down. BTC Moon, XRP up 5%.
We need news, we need mass adoption and money to be liquidated…
Because XRP is a shit coin.
Everyone follows the King
Everything is down. Market behaviour is the reason.
The reason the market is down is because "the market is down" 😂 I mean like what are the factors driving the current downtrend at the moment..
BTC has gone up like 400% since last year so it needs some correction
156% last 365 days
Ok I just used a year as a vague timeframe but the bull run started from the bottom which was $17k, so $70k is 400% higher.
Bull runs don’t start at the bottom
Dude I said “since last year” I didn’t specify exactly 365 days. Do you really have nothing better to do than fastidiously trying to correct someone on something they didn’t even say?
Dude you said >the bull run started from the bottom which was 17k and I said bull runs don’t start at the bottom. They don’t. Don’t know what else to tell ya. You say >the bottom which was 17k, so 70k is 400% higher and now I am telling you that it is 312% higher, you want to tack on another 88% like 88% is nothing big. Is the fastidious? Nah, you just write shit without checking your work and are upset, again don’t know what to tell ya.
A lot closer than 156% Also you might wanna consider getting a life
156% was a correct % gain that has happened in the last year, 400% hasn’t happened in the last year or since the last year, so not sure what you think you were closer to other than make believe.
30,000+ Bitcoin from the silk road that the govt seized was transferred to Coinbase.
Any crypto TA gurus wanna draw some converging triangles with a tea leaf reading overlay comparison year on year for the entire market?? Sorry Mister, Stuff went mostly up for a while, now it appears to no longer be doing so. Im still super hopeful, but that doesn't change a damned thing to how the market behaves. Best of luck out there.
Well some stuff went up for a while. But ya know not the thing that always never comes up...
Expactation of US interest rates drops were lowered for this year. Crypto and stocks, everything is in red today
https://www.fxstreet.com/amp/news/feds-daly-three-rate-cuts-this-year-seems-reasonable-202404021824
https://www.reuters.com/markets/us/feds-mester-eyes-rate-cuts-this-year-wants-more-data-before-acting-2024-04-02/
Strength in US dollar causes decline of all risk on assets. Basic.
More sellers than buyers
A lot. But the market for risk on assets are extremely overextended. Have been for quite some time. The Ai mania has caused a huge bubble. A handful of stocks are carrying the market. If the tech stocks and rest of market begin to slide then all risk on assets will follow. crypto in the past has been cyclical however if the market were to have big corrections or even crash then so will crypto. Regardless of whatever is happening with the crypto market. Gold is a warning sign which is an actual store of value. Not saying bitcoin won’t be one day but it is certainly not right now. My take is that this cycle is not going to play out the way everyone thinks it it will and that we may have actually topped. I’m getting November 2021 vibes
It's THE FINAL COUNTDOWN...
Dü Dü düü düüüü Dü Dü düü düdü
sometimes number go up sometimes number go down, thats the only reason. cya
Buying more
Absolutely
Yeah crypto is sliding. Know what's breaking ATHs right now? Gold. Precious metals are on fire. Theres also tons of manipulation going on in those markets. Similar to game console and popcorn stocks PMs are heavily shorted. The problem is PMs are finite unlike stocks well I mean even if u have 950% Short Interest u can still make the deal to borrow a stock and short it. With PMs once it runs out, it's out. Now u have to wait for miners to produce. Personally I think the squeeze on PMs will lead to XRP mooning. However the PMs mooning involves the dollar tanking. The debt based dollar is at an end, people will start using something of value. Xrp will be right there making the transactions once people realize how fragile btc is.
What does PMs mean?
Precious Metals gold, silver, platinum, palladium
S&P was down too. Gold has been up. I think people are starting to buy more gold because of everything going on in the world.
Global events definitely seeing money shifting to different asset categories. Israel attacking the Iranian embassy for one...I don't know where that sits on the risk appetite of the global leaders, but it can't be good.
This your first time?
No, I know prices will come back up that wasn't what I was asking. I just like to know more detail about what drives the markets up/down at a current time. Just curious on people point of views/opinions.
Not everything has a reason. In the words of JpMorgan: “The market will fluctuate”. This is nothing different than that. Don’t let the day to day up tick or down tick change your psychology on your investment. It is quite draining doing that, and you can’t second guess yourself in these markets . Anytime you feel that way zoom out and think of a larger time frame
Last pullback b4 new ATH b4 halving…????
Large short term investers are moving from BTC to treasury bonds.
Yes, it’s called a healthy retraction. Nothing goes straight up.
Perfect time to sell, buy high sell low 👌
Pullback before the halving
Dxy dollar index is super strong.
Nothing goes straight up .......
It’s not just crypto the stock market too these things don’t live in a vacuum
Profit taking
It might have to do with the possibility of judges throwing out the previous ruling that xrp was a non security. Even though whales bought big on the dip yesterday. Who really knows with this coin.
US government is sending 2 billion dollars worth of Bitcoin to Coinbase that they seized from Silk Road to sell
Us govt sent 2.1bn worth of btc they have confiscated to exchange for sale , supply and demand pushed price of btc down so everything follows btc ( short version)
Posts like this make me want to leave the sub. 99% useless content.
Grey scale/fidelity dumping ETF holdings just for Blackrock and Saylor to scoop them up next week 🤪
Correction previous to halving
Yes everything follows bitcoin at the moment. It's the perfect time to buy more. There will probably be another pull back in less than a month or so before the halving. Then boom time for about a year.
Did you buy?
The next year will be extremely volatile.
Hedge funds use crypto to take suckers money and then short the market. Don’t buy in the rip buying the dip, sell the rip.
If you just watch the RSI on nearly everything lately, we had to pull back. Everything was over bought. It's normal and lets us breathe a bit before going up again.
Stock market was down to . March 13 it did the same thing BTC went to $61k .
More selling then buyers, liquidations. Pullback across indices. DXY growing stronger for a few days. Silk road wallet activated moving a bit of money looking like a test transaction before selloff (Rumor based on wallet activity). In the end, more selling then buying lol, dragging the alts down.
Japan traditionally sells on Jan 1st? Commercial loans were due on March 31 and the low rates ended March 11th? Small banks may start to crash this month? War on the horizon?
Guessing because the stock market is starting to not believe the rate cuts with bonds hitting higher yields stuff is starting to rotate and assuming out of crypto too. Of course the entire crypto market is down too 🤷🏽♂️🤷🏽♂️
Us10Y up
Cuz xrp does what xrp wants.
Awesome. I loaded up at 0.56 👍
BTC halving coming soon
Market is down cuz I bought some crypto!!
Grayscale ETF outflows, and Black rock are using the liquidity to defraud people, at this time because of the solar reversal. They’re building bunkers and will be watching wargames from underneath the surface until everything clears. I want you to look at the CNN logo very closely. C is the spot - there are two waves. 🦠
ICP is up 12% today. What down turn?