Bitcoin

[Verbl Kint]

Well, Bitcoin is projected to go to 70T this year at the minimum ...

Btc flirted with $60k several days ago and is now hovering at about $55 to $56k. $70k might be a bit conservative considering that March is usually a slow month for bitcoin, but here we are already breaking all time highs.

[madball]

Still a high risk speculative asset. All it takes is one major exchange getting "hacked" or some regulatory firestorm and it will crash down again. Furthermore, the btc market remains vulnerable to manipulation. Some whales short the market, take a massive coordinated dump to tank the price, cover their short positions, and make some more profit with their puts. Big money play, rinse and repeat...

[Walter]

Yeah sure, keep telling yourself that ...

[madball]

Compared to other assets, bitcoin is just too new and highly manipulated for anybody to make any kind of educated thesis on what drives its price action therefore it's safe to assume that those arbitrary predictions about its price are mostly BS. There's still a fair chance that bitcoin's pattern of breaking ATHs after crashing from its past peak could be invalidated in the near future especially if you consider that bitcoin today is vastly different from what it was some years ago in terms of utilization.

[xninjax]

Yeah sure, keep telling yourself that ...

Do you have positions in btc or crypto?

Never resist temptation for it may never come again

[Verbl Kint]

Ethereum just hit an ATH after being stagnant for most of March. The fact that this happened while BTC is still stuck under 60k means ETH is finally showing some initiative to drive its own trends.

This also means ETH mining will be the bees knees well into the end of this quarter. ;)

[Verbl Kint]

$60.5k resistance broken, welcome to another ATH!

We are at 1 btc = $63k as of this writing, which means the 1btc to Php3M barrier has been breached.

#AllTimeHigh

[uls]

resistance


pababa... broke support... lalo bumaba

pataas... broke resistance... lalo tumaas

[Verbl Kint]

resistance


pababa... broke support... lalo bumaba

pataas... broke resistance... lalo tumaas

Oo nga no; edited for your pleasure; pasensya na excited lang

[uls]

haha reason: uls

[travajante]

[emoji848]

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[SpinCycle]

GPU prices will also continue to skyrocket


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[kagalingan]

wow a very fitting description ng western world "exorbitant privilege" kung sa pinas = casa mandatory backtaklenz required daw for covid.

Eh kung sa bangko dapat ba ibactaklenz pera papel and coins? Nagkakamatayan ba sa veeerus mga teller?

I really Like the term, again, exorbitant privilege.

Maganda talaga pag-angat ng china.

[uls]

first time yata narinig ni kagalingan ang EXORBITANT PRIVILEGE

in the 1960s a french finance minister used that term to describe US ownership of the world's reserve currency

ang EXORBITANT PRIVILEGE yun ung advantage ng US over all other countries

kasi may ari ng US ang USD they can never run out of dollars they can just print it

while other countries have to earn dollars via exports / remittances (other countries need to maintain dollar reserves to pay for imports)

that's how the US can afford to maintain its superior military (a dozen carrier battlegroups and numerous bases around the world)

when their gov't needs money they can just issue treasuries and other countries will buy it using their dollar earnings or the US central bank can print dollars to buy the treasuries

the US owns the currency that the whole world accepts -- that's the privilege

AND with that comes sanctions power -- the US can punish other countries by cutting them off from the dollar system

di ka maka-trade pag di maka-transact ang mga bangko mo sa mga bangko ng ibang bansa

[Verbl Kint]

[emoji848]

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This is an article written by J.G. Collins, who, as far as I'm concerned, has always been a fearmonger when it comes to financial prognostic reasoning.

Read his briefs on Seeking Alpha and let me know what you think. ;)

He is also a Luddite on Fintech and crypto. He represents the Wall Street old guard who still thinks of crypto as nothing but a faddish bubble, similar to junk bonds in the 80s.

On the same article as was quoted, he still references bitcoin as a currency (this is soooo 2017, btw), when, in fact, institutional investors today are now looking at btc as more of an asset instead.

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[ray_noel]

Colleague ko shows me his bitcoin earning... meron na siyang 90% gain na.... [emoji857][emoji857][emoji857]


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[Verbl Kint]

The gains from the last 2 days were wiped out today, and then some, as bitcoin falls over 8 and a half percent in its biggest plunge since Feb. It even went as low as 51k (15% dip) but rebounded quickly as buyers looked to getting btc at what could be a bargain.

There is a lot of speculation on what caused the plunge, from Turkey's new policies on crypto, to hype from the Coinbase IPO dying down, to whispers of possible federal regulation (to curb money laundering) in crypto. Be that as it may, there was so much profit-taking going on that market capitalization fell to $1.3 Trillion in less than 24 hours.

My hunch is if support at 51k is broken, expect the bears to come in and drive the price further to the low 40's. However, I do feel that btc hitting 70k by Q3 this year is an inevitability and that many institutional investors share this view. Therefore, getting in on the action while the price is in the 50's is a bit too much to pass up.

I fully expect btc hitting 65k before the end of the month but will likely contract again similar to the last 72 hours.

[uls]

[madball]

Lovely....
Bitcoin Liquidations-Bitcoin Liquidations Chart-Bitcoin liquidations live-bitmex rekt-Bybt

[jut703]

Doge is a scalper play. Tanga lang maghohodl ng Doge.

Might reach $1 due to the hype but it cannot sustain that value. Not even the $0.4 today is sustainable.

Musical chairs lang yan, masaya hanggang tumigil yung music and ikaw yung walang upauan.


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