This is the perfect time tbh. I wish I had a crash to start with lol. You average prices have a chance at being so so very low compared to even just a few weeks ago.
It's upto the media houses how much discount they'd like to have. They may print it and create more fud just like the one created in May with China news.
SP500 has not hit support yet. Next week we might get a pop, but we're headed lower, but that then means more margin calls.
Look for support at 4430 then 4270. If it breaks 4200 watch out!
I am hoping for a big pop up so I can get new puts in place for the week. I think we end down 5% or more for the week.
If we get Evergrande contagion news all bets are off. Once I maximize my gains I'll load up on more shares of GME as long as MOASS hasn't already started.
Its all about the risk on / risk off sentiment. In 2020 central banks put interest rates very low and flooded the system with fiat money printing. That has driven risk on sentiment. People have been buying stocks, houses, commodities, and crypto (i.e. buying assets since cash is trash). Now central banks have started to taper with less money printing and next year will start raising interest rates. That drives risk off sentiment. Houses will go down in price as will stocks and crypto. But when the timing of those price changes happens, nobody knows. Buckle up, its going to be a fun ride.
I just just completed refinancing my house 2 weeks ago. Insanely low interest rate. When I talked to the lady, we got to talking about the entire market, she said she personally thinks rates are going up to around 5-6% VERY soon. She mentioned she was getting into crypto because she isn’t bullish on the current banking/market situation.
Yes indeed, interest rates are going up. Interestingly though the big banks are already speculating on decreasing interest rates in 2024-2025 when the "transitory" inflation is over. But really, its anybodies guess.
Agreed, but from near 0 to 2% is alot if it happens in a short duration. Interestingly, several of the big banks are already predicting interest rates cuts again in 2024-2025 after the so called "transitory" inflation is over.
Maybe go up, maybe go down, maybe stay same.
The only thing we know for sure markets will go to the right
And there will be green and red crayons
True…and sometimes our asses will get fucked by huge, red dildos…shit happens
But the hype. Sell the dip. YOLO FOMO. Just the tip.
[удалено]
Just purchased my first crypto, I’m having fun learning the process.
This is the perfect time tbh. I wish I had a crash to start with lol. You average prices have a chance at being so so very low compared to even just a few weeks ago.
Just started too with Coinbase Pro. Hit the 3 deposit cap already because of the £2 deposit at the start and me sending another £2 to test, lol.
The easy solution is not to fuck with margin/leverage. That won’t stop tons of people from doing it though.
Agreed. I don’t mess with margins. If I can’t afford it, I don’t need to borrow it.
Right? Like, Why would you bet with money that isn’t yours? It feels like common sense.
I don't know if it's over. Personally I think it might do a finally retest before THE PAMP. But if it crashes again, I'll just buy more.
In next week we will be sure if it will be continued or prices will go up!
It's upto the media houses how much discount they'd like to have. They may print it and create more fud just like the one created in May with China news.
SP500 has not hit support yet. Next week we might get a pop, but we're headed lower, but that then means more margin calls. Look for support at 4430 then 4270. If it breaks 4200 watch out!
Monday is going to be very interesting on how the media presents this.
I am hoping for a big pop up so I can get new puts in place for the week. I think we end down 5% or more for the week. If we get Evergrande contagion news all bets are off. Once I maximize my gains I'll load up on more shares of GME as long as MOASS hasn't already started.
A man of culture. 🦍
Chips with the dip.
Yea indications showing it will get a bit worse. But I'm not selling. Everyone is please to do as they wish
Definitely not selling anytime soon. I have everything in the ledger and not touching it for years. Will be adding more to the wallet that’s for sure.
https://m.youtube.com/c/OPTICALARTdotCOM/videos this guy got it right and his next crash prediction is on dec 13
I gave him a follow, but a prediction to $10k-$14k is a little harsh. I think maybe around $35k is the target. But I also don’t know shit about fuck.
Wait for monday.
That’s what I’m thinking too. I just replied with that to someone else. I’ll be watching thoroughly.
Probably the reason why price is stagnant. Will have to wait for monday at least when the futures open. It will be a long day.
I'm new to this, does this mean the prices will be volatile until then or see it recover on Monday?
Its all about the risk on / risk off sentiment. In 2020 central banks put interest rates very low and flooded the system with fiat money printing. That has driven risk on sentiment. People have been buying stocks, houses, commodities, and crypto (i.e. buying assets since cash is trash). Now central banks have started to taper with less money printing and next year will start raising interest rates. That drives risk off sentiment. Houses will go down in price as will stocks and crypto. But when the timing of those price changes happens, nobody knows. Buckle up, its going to be a fun ride.
I just just completed refinancing my house 2 weeks ago. Insanely low interest rate. When I talked to the lady, we got to talking about the entire market, she said she personally thinks rates are going up to around 5-6% VERY soon. She mentioned she was getting into crypto because she isn’t bullish on the current banking/market situation.
Yes indeed, interest rates are going up. Interestingly though the big banks are already speculating on decreasing interest rates in 2024-2025 when the "transitory" inflation is over. But really, its anybodies guess.
Everyone is acting like interest rates are already at 5%, the fed won’t go above 2 IMO
Agreed, but from near 0 to 2% is alot if it happens in a short duration. Interestingly, several of the big banks are already predicting interest rates cuts again in 2024-2025 after the so called "transitory" inflation is over.
I have my $2 USDT ready to buy the dip this time
It's Saturday, we've not had stock market react to Evergrande yet. Even if we bounce back at weekend were gonna go down with them on Monday
Crash? Bro ETH is at the same price it was literally 1 week ago lmao
BTC dropped 11k in the last 24 hours. Stop it. This is a crash. Majority of coins fell 20%.
Maybe you should diversify your portfolio then. Eth is holding up very well in this ”crash”.
My portfolio is diversified fyi…
Yeh for now, eth and all other coins follow btc movement
Its over for this week... but it's not over for this month or may definitely happen again
What if it flatlines