Cryptocoin Value and Market Trend Discussion

[lexluthermiester]

BTC and ETH are taking a nose dive at the moment. Anyone knows why? Any major movement or sell off?

Those two are not alone, lot's of them are on the decline. No idea why either. Nothing has happened that suggests a crash...

 

[R-T-B]

Delphi Digital

Delphi Digital Members Portal

members.delphidigital.io

Seems this is a good guess as to why?

Treasury yields have been picking up considerably over the last few weeks and risk assets have reacted negatively, with the $41-42k levels currently being defended. BTC briefly breached the $40K psychological level on the Jan. 10 before buyers rushed to defend Sept. lows, as we highlighted here.

 

[Outback Bronze]

Seems this is a good guess as to why?

Did you hear the Russians are thinking about banning Crypto on their home soil? This might be adding to the dilemma.

Bitcoin Slips Below Crucial $40K Level, Taking Ethereum, Dogecoin Down With It: US Treasuries, Russia, Outflows And More That's Weighing - Bitcoin - United States Dollar ($BTC) | Benzinga

"On the news front, Russia’s central bank, the Bank of Russia, called for a ban on cryptocurrencies"

 

[R-T-B]

Possible. Certainly fits Russia as an authoritarian state, and is likewise a large market.

 

[trog100]

i think bitcoin and eth are following the stock markets.. there is a general fear in the markets.. it dosnt take much to spook them.. deep down people are "expecting" a crash.. people are selling at the first signs of it happening..

there is no real change in the fundamentals.. people are just scared the everything bubble is about to pop.. "maybe"..

trog

 

[lexluthermiester]

Did you hear the Russians are thinking about banning Crypto on their home soil? This might be adding to the dilemma.

Bitcoin Slips Below Crucial $40K Level, Taking Ethereum, Dogecoin Down With It: US Treasuries, Russia, Outflows And More That's Weighing - Bitcoin - United States Dollar ($BTC) | Benzinga

"On the news front, Russia’s central bank, the Bank of Russia, called for a ban on cryptocurrencies"

This would not be surprising. The Russians would do it so the question is, will they.

i think bitcoin and eth are following the stock markets..

The stock markets haven't tanked like cryptocoin is.

there is a general fear in the markets..

Nonsense. Stock markets are stable.

there is no real change in the fundamentals..

Are you paying attention to what's going on?

 

[trog100]

This would not be surprising. The Russians would do it so the question is, will they.


The stock markets haven't tanked like cryptocoin is.

Nonsense. Stock markets are stable.

Are you paying attention to what's going on?

what do you think is going on lex..

trog

 

[lexluthermiester]

what do you think is going on lex..

trog

No clue, but I can tell you that it's not the stock market.

 

[trog100]

No clue, but I can tell you that it's not the stock market.

you can..?? the stock market is a sea of red or hadnt you noticed..

panic is the word i think..

trog

 

[15th Warlock]

"Cryptocurrencies leave me increasingly feeling like the boy watching the naked emperor passing in procession. So many significant people and institutions are admiring his incredible coat, which is so technically complicated and superior that normal people simply can't comprehend it and must take it on trust. I would not."

-Jeremy Grantham, Jan 20, 2022

 

[lexluthermiester]

the stock market is a sea of red or hadnt you noticed..

You and I are seeing things very differently.

 

[TheoneandonlyMrK]

Typical post Christmas lull, a lot of people cashed in on a good year cos their skint, it's going to pick up end of the month but God knows what will happen until then.

 

[Mescalamba]

Why it goes down.

Well it completed cycle and its time for new one, this is either extended correction from last cycle, or next cycle is simply direction down.

People still don't grasp fully difference between completely controlled markets as stock and completely free market, which is crypto. In free market you have thing called "natural balance", which bit like law of thermodynamics means that it cannot go infinitely in one direction, but for each cycle up, it requires correction.

Regulated markets are manipulated same way as global economics to pretend infinitive growth, which is why you have inflation from hell right now.

Crypto is pretty much like nature itself in virtual reality. So for healthy growth, you get healthy corrections.

 

[trog100]

healthy is not a word i would use.. the whole lot is driven by human emotions.. the two main emotions are greed and fear.. nether of these two emotions are healthy..

excessive greed can drive up the prices excessively.. excessive fear can cause the whole lot to come tumbling down excessively..

there is a cycle but its far from a healthy one.. currently fear is in control of the markets.. how excessive this fear is is yet to be seen..

trog

 

[KLiKzg]

Possible. Certainly fits Russia as an authoritarian state, and is likewise a large market.

It is 11% of the mining capability. So that is an interest.
Link: https://www.rt.com/business/546744-crypto-ban-russia-explained/

But do not know, how much those 11% mined. Estimations are about $5 billion. Probably people are getting rid of their cryptos.
Link: https://www.reuters.com/business/fi...ng-cryptocurrencies-crypto-mining-2022-01-20/

For sure, they are just raising the paper money value with this. Now that the war is almost immanent in Ukraine.
Link: https://www.bbc.com/news/world-europe-56720589

Or, the Duma wants to lower the price of crypto before acquiring it in Russian central bank:
Link: https://www.coindesk.com/policy/202...s-duma-want-to-legalize-crypto-mining-report/

 

[caroline!]

Thank God I got out the rabbit hole at 50K and went all in for USDC then cash. Sold 80% kept 20 to see what happens.

I was told I could get into regular stocks with "as little as" 5 grand but honestly I have no idea how that market works, all I see are graphs and weird number codes I have no idea what they mean, plus they ask for a ton of personal data that's for sure. Friend of mine was deep into it and went as far as getting a ultrawide curved monitor just to be able to "see the graphs better" lol

For sure, they are just raising the paper money value with this. Now that the war is almost immanent in Ukraine.

MSM has been warning about a war since what, 2009? and it never happens, same with North Korea and their missiles that "could reach America" or Iran's nuclear warheads.

 

[Mescalamba]

Thank God I got out the rabbit hole at 50K and went all in for USDC then cash. Sold 80% kept 20 to see what happens.

I was told I could get into regular stocks with "as little as" 5 grand but honestly I have no idea how that market works, all I see are graphs and weird number codes I have no idea what they mean, plus they ask for a ton of personal data that's for sure. Friend of mine was deep into it and went as far as getting a ultrawide curved monitor just to be able to "see the graphs better" lol


MSM has been warning about a war since what, 2009? and it never happens, same with North Korea and their missiles that "could reach America" or Iran's nuclear warheads.

Getting ultrawide makes perfect sense, thought about same. Advantage is also you can have at least 2 graphs open and trade on third one. Perspective (view of all things) is really important. But it depends on strategy. Mine works even on iPad.

Stocks are same as crypto, just a lot less volatility (altho lately its not entirely true). Basically everything that can be traded is more or less similar. At least from technical analysis side of things.

Only real difference is that crypto is driven purely by price without much external interference (which has short time impact anyway), while stocks, currencies, comodities are very much driven by real world, so one needs not only graphs, but also good and fast info about current development of whatever he is trading. With exception of trading in really small timeframes (minute scalping and such).

 

[80-watt Hamster]

Regulated markets are manipulated same way as global economics to pretend infinitive growth, which is why you have inflation from hell right now.

The last couple of decades have been below the norm for annual inflation. We're higher than that average right now, and it seems huge (and is definitely significant) because it was low for so long. But we are (so far) a long way from "inflation from hell". What's the annualized rate at the moment, 5%/yr? Hyperinflation sees that or more in a month.

 

[R-T-B]

MSM has been warning about a war since what, 2009? and it never happens

Where were you when Crimerea was invaded? It's almost certain to happen... again.

same with North Korea and their missiles that "could reach America" or Iran's nuclear warheads.

All of which have reached that capability? You know you don't actually have to nuke someone to prove it?

Oh wait, this is cryptocoin discussion, not news or whatever. My bad.

 

[trog100]

well.. bitcoin seems to have stopped crashing down around 35K.. eth is around 2.5K.. is this a temporary pause on the way down or a bottom.. nobody knows for sure..

i await the stock markets opening for this coming week..

trog

 

[KLiKzg]

MSM has been warning about a war since what, 2009? and it never happens, same with North Korea and their missiles that "could reach America" or Iran's nuclear warheads.

Well, maybe we in Europe got more info.

& Iran tried to make nuclear warheads & maybe they did succeeded. But not likely, as Israel would prevented that with pre-emptive strike. Check code-name "Stuxnet", as it is a public story now. Great stuff!
Maybe you were referring to Iraq? Iraq was another story.

 

[lexluthermiester]

Where were you when Crimerea was invaded? It's almost certain to happen... again.

Not unless Russia wants to be involved in the large war since WW2. And they will loose. Europe will defend Ukraine and America will back up Europe. Russia knows this. They very unlikely to be so unwise as to invade Ukraine.

However, we're a bit off topic. Let's rope ourselves in folks.

 

[LFaWolf]

ETH is down another 12% and BTC is down almost 8%. I smell another crash happening. Where is the bottom?

 

[80-watt Hamster]

ETH is down another 12% and BTC is down almost 8%. I smell another crash happening. Where is the bottom?

It's more than 50% off the last big peak (which happens to be the ATH) in November. That feels like a crash already, but like I've said before, I'm kind of an idiot about this stuff.

 

[LFaWolf]

It's more than 50% off the last big peak (which happens to be the ATH) in November. That feels like a crash already, but like I've said before, I'm kind of an idiot about this stuff.

Yeah, you are right. Maybe the bottom is near then.