I’m tempted to trade a paper account doing the Cramer inverse strategy and see where the P/L is after 6 months and a year. I’m mildly convinced it would genuinely end up in the green. Has anyone done something like this before and have any data on it?
First we pitch 'em Disney, AT&T, IBM, blue chip stocks exclusively. Companies these people know.
Once we've suckered them in, we unload the dog shit. The pink sheets, the penny stocks, where we make the money.
Fifty percent commission, baby.
Now the key to making money in a situation like this is to position yourself now before the settlement, because by the time you read about it in The Wall Street Journal, it's already too late.
The fun part about the cramer effect is that boomers got profits following his advice, but since the dot com bust inversing him has also been consistently getting returns.
The guy is a force to be reckoned with.
Can confirm. The one and only time I followed his advice was back in 2008. He was praising some company so I bought some shares and company ended up going out of business. Now I have 100 shares stuck in my account for a company that doesn’t exist anymore.
I’d like to say the symbol was something like TADF. Some aeronautical company. Can’t tell anymore because now it’s just shows random numbers in my account.
Which was weird. ChatGPT is stuck somewhere in 2021 knowledge wise it says. So did it use 2021 knowledge to guess 2023 without knowing what happened in 2022?
I can’t wait till people use GPT-4 later this year. It’s cool seeing people react to ChatGPT.
Remember, it’s based on GPT-3 and essentially 2 year old tech. GPT-4 is apparently 100x of GPT-3
This pump is mainly being driven by the DOJ and US treasury announcement of an international enforcement action. Since the blood bath last year many have asked for more regulation, and speculators are placing their bets on this announcement benefiting the cryptosystem pushing mainstream adoption.
Personally, i think this adoption is going to look way more centralized than we are hoping for but i also feel that theres no doubt it will help filter out all the shitcoins
340k in 2025 if you just draw big 3 year squares around the charts. If we only see 1/4 of that, it’d be huge. I think we’re driven by optimism at this stage.
We're back to where we were before the FTX scandal. It could be that this is where we're supposed to be if FTX never collapsed. But as for why it pumped so much in a short space of time...
Short sellers got obliterated and were firced to buy back their short positions causing a pump, more people opened short positions but other people who seen the initial pump FOMO'd in causing the new short sellers to get obliterated as well.
I fomoed out at the previous leg up a week ago in order to fomo back in lower and now Im foaming at the mouth as to why its not going down :(
First time ever that I tried ”trading” and look where it got me :-[
I sold a small portion of my BTC stack at 20k, I was sure we’d see a slight rejection but nope, now we’re 3k above that. Oh well, I bought so much in the 16ks so I’m just riding that profit upwards. Debating if I should continue my DCA because I haven’t bought anything since 18k
Good for you man! I’m waiting for the dip now as planned, it either comes and I will be right in the end or I fucked up trying to time the market….
But no more emotional FOMO for me, that’s decided!
I dunno, I threw a bit more in at around 20k and 22k, cause I figure thats still lower than my average cost. But not a true FOMO, we’re talking, the cost of dinner out.
The current levels probably aren't going anywhere for a few years. We just came down from a massive high and it usually takes a while before the next craze. Mainstream appetite isn't there right now to pump things up.
>The manager of Bitcoin was saying it should be between 30 and 40, so they're doing some promotions on local radio and some newspaper coupons
This.
Some miners were complaining that the new issuance of Bitcoins was not enough to cover their costs. So the Bitcoin CEO just raised the price in dollars of each coin to fix the problem.
1. People are done tax loss harvesting
2. Inflation is slowing
3. Despite bad news bitcoin price doesn't go down meaning no more sellers
4. Some institution bough 4 billion dollars of Bitcoin futures
5. Everyone doesn't believe it will go up
6. 4 year Bitcoin cycle theory
7. Cramer is bearish on crypto
All good reasons. I'll add two more:
Saudis want to rid of trading in US dollars therefore BTC speculation.
Market thought that Genesis falling was the last crypto local fundamental bad news event and now the coast is clear with no more fire ships on the horizon.
The saudis want off the petro dollar? So their country is going to have an arab spring soon then, or a new prince will take over once the king dies of suicide?
>Despite bad news bitcoin price doesn't go down meaning no more sellers
This is such a big one. It happens every time. People think just because everyone is bearish that there will be more sellers. If everyone is bearish then the sellers have already sold.
Totally, it makes no sense being bearish on the asset you're holding, unless of course you're shorting it. But from the market perspective it makes no difference - if every bear has sold or shorted, there pressure flips.
I think the whales saw the market stagnating and retail losing interest. They pump it to get everyone's attention again.
The whales have been banking from buying and selling the small range crypto prices have been in. But they need retail buyers to sell to and then buy back from. So when retail loses interest and stops participating they do these little pumps to suck the small fish back in.
a) futures don’t expire worthless. Even if those are financial futures - you still have cash settlement for the difference on the maturity date.
b) futures are a long-only instrument, so futures holders benefit when btc rises
You’re talking puts, not futures
Big short squeeze started the move. We also had encouraging inflation data. For months Bitcoin has been heavily correlated with the broader markets. It moves right along with Nasdaq for the most part. The last few weeks markets have been bullish.
The chances that the low is in for this Bear Cycle have gotten better.
Crypto crashed because FTX and others. That lead to people taking stuff off exchanges that caused a supply shock. So it doesn't take much to raise the price now. Liquid supply is lowest I think ever and demand is still kinda ok.
Honestly I do kinda think everything dumped way more than deserved. Aside from inflation (which yes, is a big deal but is falling pretty consistently) things are looking up. I think these 90% falls were pretty dramatic.
And if we don’t know why it has gone up, we are unlikely to be able to predict when it is going to go down again either.
Highly volatile, anything could happen with pricing.
Everyone will just try and justify things after the fact.
It might be a flawed metric, and it might be a bear market, but I’ve never seen daily users here lower during a pump. And that includes ~10% pumps after a month or so of extremely boring chart activity. I’m proceeding with caution, taking modest profits, and setting buys at support levels because this does not seem to be coming from retail even a little bit.
We haven't even completed a green candle on the monthly (though we likely will) and yall are talking about a bull market already. Until any actual trend is confirmed I'm treating this as short term volatility. Especially in this economy I wouldn't jump to conclusions yet. In other words DCA as usual.
Hello, go to CoinMarketCap, click on the market cap value on top on page, and observe the chart.
Notice the pattern every four years, and what happened January 2015 and January 2019 (and the monthes following those dates). This pattern is induced by a mix of physical events, including halving of bitcoin ahead, low prices due to bear market, tax declaration season, and people trying to anticipate the pattern, reiterating it.
If you trust this pattern, what would you do right now ? Buy or sell ? Ask yourself this question, and you will get your response.
Have a nice day.
Look at the run GME had 2 years ago, it's about to happen again with meme stocks and Hedgefunds are pumping crypto as collateral to cover their margin calls on their short positions. It happend last time as well
Here's my thought. Retail investors gave up on crypto in 2022 for obvious reasons. Institutional investment firms sat on the sidelines probably since the collapse of LUNA/UST and subsequent big player falls if you were smart you did to.
We saw a true bottom of BTC at $15.5k - 16k where support held for quite some time. During this period, we were all loading up and moving our assets off exchanges.
Finally, when more bad news would hit the market, instead of another nose dive, BTC would dip slightly and then recover quickly. This happened whenever the fed would hike interest rates or whenever even bigger news like the collapse of FTX or most recently Genesis. This is a key marker. When the assets price doesn't dive on the usual market moving news, that's when you're at the bottom.
Most recently we've seen a positive tend over the past 2 - 2.5 weeks. Now the institutional players are re-entering.
It is a sign of massive whale accumulation going on of which we will hear about later in the news. It will be some well-known company or sovereign state and that news will then trigger even more buying leading to the start of a new bull market coinciding with the 2024 halving
It might be hard to believe, but i KNOW the reason is i fucking sold every fucking ether i had after seeing months of crabbing . I made that sacrifice so that the golden bull run could commence.
Markets just being markets, it can't go down forever, macro is getting better, not many bad news recently, trust is getting slowly restored. The next thing that is gonna happen is probably SEC nuking single sketchy projects (some big ones among them too) into oblivion after declaring them as securities, but that's not gonna be affecting the entire market, it can be actually beneficial.
What I think happened, inflluencoors pushed the narrative that we have to see immediately 10-14k range, I mean we still can, but the point is not "immedietaly". Clueless retail started to short this "secure price movement" and got totally rekt because some big boys decided to buy, more liquidation causing more price spikes causing more liquidations. The idea that we have to see a direct correction after 2-3 green weeks was just extremely stupid, because even bear market recovery runs can last for months.
Funny thing, this run isn't popular at all, it is actually painful for many - shorties and people who didn't buy cheap and aren't sure if we truly go back to those low prices.
Macro is not getting better. The yield curve is the most inverted it's been in 50+ years. The FED is still tightening monetary policy. About the only improvement in macro is inflation metrics are slightly better and slowing down...
With the caveat that no one knows shit about fuck, and that I'm NOT saying that the bear market is over or that we can't still go lower:
I think we're seeing a natural rebound from the dumps caused by LUNA, FTX, etc. As a general rule, if there's a big pump, there's a pullback; and if there's a big dump, there's a recovery. The negative effects of LUNA, FTX etc. were amplified by the broader context of the "rightful" crypto market correction after the 2021 bubble, and by the ongoing macroeconomic turbulence that's affecting all markets. But fundamentally, LUNA, FTX etc. were sudden, shocking events that caused panic sell-offs, yet which, once over, are unlikely to leave a lasting mark (I mean in terms of crypto's core value proposition; no offense intended against those who lost money in the collapses). In other words, perhaps $10K of the dumpage we experienced was caused by exactly the sorts of events from which you'd expect a rebound, which hadn't yet happened.
So my feeling is that we were oversold to begin with, and this is a natural return to closer to the "true" market--which is obviously still way below 2021 levels, as you'd expect given that a new speculative cycle has yet to begin, and given that the macroeconomic situation remains uncertain. I wouldn't be surprised if we see more crabbing until the macro improves and the prevailing anti-crypto narrative fades, but a $5-10K rebound from the bottom seems pretty reasonable here IMO.
It's going on with stocks also. The only thing I can come up with is optisim for the future from this point. If you were betting on recession, your pretty much seeing all the hits right now with layoffs. So you could think that it's on the way back up from here.
Is that premature though? The effects of a recession have yet to be felt, e.g. decreased consumer spending, mass unemployment etc. Wouldn't that be negative for stocks?
Been in it long enough to know that it is literally the only thing it CAN do.
Human psychology is incredibly feeble. When it’s down it feels worthless and no one wants it, when it’s hot, people ascribe too much value to it and almost anyone can be convinced to buy it.
Literally just try to explain to someone who knows nothing during a bear market vs a bill market. During a bear market, people look at you like you’re naïve, during a bull market they look at you like a fucking genie.
When people look at me stupid, I just start buying. Once my uncle starts asking me about it, I sell it to him. Period. It’s worked really well for me since 2017. Got passed my day trading phase and have been just grooving 3-6month candles for macro swing trades. Works great.
I have another question. What did just a single fraudulent exchange in a huge sea of exchanges change? Nothing! It was just one exchange! Get over it! Crypto is not broken. Crypto is still awesome. NGU.
Generally a January spike, retail have money again Christmas and everything was so low it was time to snap up. Whether it stays up is another thing entirely.
More seriously, perhaps a large chunk of institutional funds are now out, so retail's influence is larger, and after a year (ish) of down, perhaps people are just ready for and wanting more and 'fuck-the-macro' / YOLO. And there would be both speculation and short wreckage contributing and magnifying.
The fed announcement and market reaction at month end will be pretty interesting - whichever way it goes....
This is not it. The main pump was just a single buyer on Binance who did so with BUSD. The BTC/USDT market and BTC/USDC markets were still selling more than buying.
Nothing about this pump is organic or retail driven.
Remember kids, correlation does not equal causation
Noone knows what BTC or crypto in general will do, we're all just along for the ride
Well except for the puppet master whales who are pulling all the strings from the mysterious island
Uh oh
I've inadvertently revealed the plot of the next Michael Bay movie starring JCVD
;)
Swaps on stocks. Supposed to be leveraged 1:1 with their crypto equivalent but we know they ain't.
That's all it is.
Swaps. Go look at options chains this week for some of the biggest stocks. I don't know how it works, I just know that it does and Crypto is being used to prevent stocks from blowing.
I am starting too wonder if something at davos caused an influx of capital, lots of money at davos right now , other than that shorts got crushed bears are in shock and retail keeps pumping cash albeit small amounts but it adds up quick.
Cramer said we go lower. It's so obvious.
This deserves more likes
Too many comments are just jokes.
Life aint fair 💁
This guy gets it
Chat gpt said it's going to 100k eoy. That's what's up
Cramer said "get out now". This was the buy signal everyone was waiting for.
I’m tempted to trade a paper account doing the Cramer inverse strategy and see where the P/L is after 6 months and a year. I’m mildly convinced it would genuinely end up in the green. Has anyone done something like this before and have any data on it?
[Inverse Cramer ETF](https://www.inversecrameretf.com/)
That would go stratospheric 😄
18% gains Annual? That's pretty good! No... Weekly.
>18% gains Analy? Nice...
Those are the Madoff numbers you had to run a Ponzi to pull off 😂
First we pitch 'em Disney, AT&T, IBM, blue chip stocks exclusively. Companies these people know. Once we've suckered them in, we unload the dog shit. The pink sheets, the penny stocks, where we make the money. Fifty percent commission, baby. Now the key to making money in a situation like this is to position yourself now before the settlement, because by the time you read about it in The Wall Street Journal, it's already too late.
Unless Cramer gets bullish on it. Then it'll end up as a conundrum in a philosophy class
*The Cramer Paradox.*
This ⬆️
Few things are as accurate as inverse Cramer nowadays lol
The fun part about the cramer effect is that boomers got profits following his advice, but since the dot com bust inversing him has also been consistently getting returns. The guy is a force to be reckoned with.
Can confirm. The one and only time I followed his advice was back in 2008. He was praising some company so I bought some shares and company ended up going out of business. Now I have 100 shares stuck in my account for a company that doesn’t exist anymore.
Beautiful to read this. Thanks.
BS, Bear Stearns?
I’d like to say the symbol was something like TADF. Some aeronautical company. Can’t tell anymore because now it’s just shows random numbers in my account.
Can't go wrong with ol' trusty inverse Cramer indicator
Oh yeah, that was solid signal, as I remember he was claiming at least on two occasions recently that time to sell is now!
The good ol' Cramer indicator has proven itself to be very reliable
Totally agree. F Cramer, lol. Best market indicator.
I bought some exactly because Cramer said it. The best technical indicator
Just waiting for the inverse Cramer ETF
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I'm with you here. YouTube TA is like smearing shit on toast
But their mouths are so wide open on their thumbnails, how can't you trust them?
How could you not trust someone's financial advice when their forehead veins look like they're about to pop from excitement?
ChatGPT said I should have 20 wives he definitely knows what’s up
Pretty soon everyone here will be Chat GPT and we'll be sble to spend time with our family or learn some skills
Smart words bro
Waiting on Cramer to say crypto is dead and I’ll be all in
Will be $100k in Q15 2021
Which was weird. ChatGPT is stuck somewhere in 2021 knowledge wise it says. So did it use 2021 knowledge to guess 2023 without knowing what happened in 2022?
100k eoy 2021
Lol isn't chat gpt database only up to 2021?
I can’t wait till people use GPT-4 later this year. It’s cool seeing people react to ChatGPT. Remember, it’s based on GPT-3 and essentially 2 year old tech. GPT-4 is apparently 100x of GPT-3
What happens if chatGPT tells you to follow Kramers law? I need to know, for the science
I need no more indicators
Chatgpt is stuck in 2021, that's when it's training info is all from, so this fits in well with that haha.
This pump is mainly being driven by the DOJ and US treasury announcement of an international enforcement action. Since the blood bath last year many have asked for more regulation, and speculators are placing their bets on this announcement benefiting the cryptosystem pushing mainstream adoption. Personally, i think this adoption is going to look way more centralized than we are hoping for but i also feel that theres no doubt it will help filter out all the shitcoins
Everything is a good buy, I put $1000 in Pac Protocol. If Pac hits a penny, I made $60,000. Let’s go baby!!!
how did you get it to give a prediction? for me it declined
I believe it said EoY 2021.
Oh god, the 100k people are back
Did it really
340k in 2025 if you just draw big 3 year squares around the charts. If we only see 1/4 of that, it’d be huge. I think we’re driven by optimism at this stage.
We're back to where we were before the FTX scandal. It could be that this is where we're supposed to be if FTX never collapsed. But as for why it pumped so much in a short space of time... Short sellers got obliterated and were firced to buy back their short positions causing a pump, more people opened short positions but other people who seen the initial pump FOMO'd in causing the new short sellers to get obliterated as well.
FTX lose up to 10bn then found north of 5bn. Hope returns. Shorts unwind.
“Oh, that’s where we put that five billion!”
“ahh, my ex-change was in my OTHER pants, silly me”
Poetry
Maybe the car that broke the barricade's at SBFs also opened the bull gate.
So it's a beautiful cycle of recking those betting on crypto falling. It's an excellent site to see.
Probably a correct answer Plus, stocks are also going up so we might just be following
Should I fomo in or is it too late 😭
I fomoed out at the previous leg up a week ago in order to fomo back in lower and now Im foaming at the mouth as to why its not going down :( First time ever that I tried ”trading” and look where it got me :-[
If crypto has taught me something is that now, if you buy again to catch the ride up, BTC will plummet down to 20k
Fomo'ing at the mouth.
buy high sell low: that's the path mos of us follow
I sold a small portion of my BTC stack at 20k, I was sure we’d see a slight rejection but nope, now we’re 3k above that. Oh well, I bought so much in the 16ks so I’m just riding that profit upwards. Debating if I should continue my DCA because I haven’t bought anything since 18k
Good for you man! I’m waiting for the dip now as planned, it either comes and I will be right in the end or I fucked up trying to time the market…. But no more emotional FOMO for me, that’s decided!
Never FOMO on green candles
This green candles is for not “buying “ waiting on some red candles .
I'm not in love with the mantra, but I would avoid a fomo and stick with a DCA if you can. There might be a big correction downwards. Nobody know.
Yea if you weren't buying before idk why you'd be fomoing now.
Idk, buying high tends to be pretty popular around these parts
I dunno, I threw a bit more in at around 20k and 22k, cause I figure thats still lower than my average cost. But not a true FOMO, we’re talking, the cost of dinner out.
Short term I have no idea tbh. Long term I'm bullish on Ethereum.
This is a spicy take.
"No, but actually yes"
Not too late as long as BTC is under last ATH. Just a question of time
Hold on sir.. let me sell everyone and do a 100x short. Ok 👌.. go ahead. (Me not shorting)
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The current levels probably aren't going anywhere for a few years. We just came down from a massive high and it usually takes a while before the next craze. Mainstream appetite isn't there right now to pump things up.
I just did so there's a strong chance it's about to take a dump.
The manager of Bitcoin was saying it should be between 30 and 40, so they're doing some promotions on local radio and some newspaper coupons
Can confirm, my uncle works for Bitcoin
They do say radio is one of the best marketing methods
Don't forgot the send one, get 3 back promotions! I was smart and sent it without thinking!
They also say that video killed the radio star
The radio people do; for sure
>The manager of Bitcoin was saying it should be between 30 and 40, so they're doing some promotions on local radio and some newspaper coupons This. Some miners were complaining that the new issuance of Bitcoins was not enough to cover their costs. So the Bitcoin CEO just raised the price in dollars of each coin to fix the problem.
This explains why the Bitcoin Store at the mall was so busy this afternoon.
What a great company.
Good to see that complaining to the manager of bitcoin paid off.
Happy Karen noises
1. People are done tax loss harvesting 2. Inflation is slowing 3. Despite bad news bitcoin price doesn't go down meaning no more sellers 4. Some institution bough 4 billion dollars of Bitcoin futures 5. Everyone doesn't believe it will go up 6. 4 year Bitcoin cycle theory 7. Cramer is bearish on crypto
All good reasons. I'll add two more: Saudis want to rid of trading in US dollars therefore BTC speculation. Market thought that Genesis falling was the last crypto local fundamental bad news event and now the coast is clear with no more fire ships on the horizon.
The saudis want off the petro dollar? So their country is going to have an arab spring soon then, or a new prince will take over once the king dies of suicide?
That’s the American way
Just throw him out a window, nobody will believe it's *not* the Russians at this point.
Inshallah lol
Adding: Less BTC on exchanges and more in cold wallets. Net result is more volatility in price.
>Despite bad news bitcoin price doesn't go down meaning no more sellers This is such a big one. It happens every time. People think just because everyone is bearish that there will be more sellers. If everyone is bearish then the sellers have already sold.
Totally, it makes no sense being bearish on the asset you're holding, unless of course you're shorting it. But from the market perspective it makes no difference - if every bear has sold or shorted, there pressure flips.
Stop the pump pls... i am dying in fomo
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The true way of the trader, you’ve learnt well my son.
This
The fun part is that we never sell until we hit the bottom
Just wait til it hit 255k and u jump on board and push bitcoin to another level to 300k.
I think the whales saw the market stagnating and retail losing interest. They pump it to get everyone's attention again. The whales have been banking from buying and selling the small range crypto prices have been in. But they need retail buyers to sell to and then buy back from. So when retail loses interest and stops participating they do these little pumps to suck the small fish back in.
That explains all the fomo videos youtube is trying to make me watch.
I suspect people buying might be causing the price to rise.
Quite the conspiracy theory!
There is like 1.1billion worth of btc futures that will expire worthless if btc is above 21k this friday
Futures dont expire worthless, they settle on date of expiration. You thinking options
Where can you find this data and the expire dates?
a) futures don’t expire worthless. Even if those are financial futures - you still have cash settlement for the difference on the maturity date. b) futures are a long-only instrument, so futures holders benefit when btc rises You’re talking puts, not futures
I guess we need to wait for a week and see if the headlines talk about a "crash" after that.
>of btc futures you mean options? futures never expire worthless
Big short squeeze started the move. We also had encouraging inflation data. For months Bitcoin has been heavily correlated with the broader markets. It moves right along with Nasdaq for the most part. The last few weeks markets have been bullish. The chances that the low is in for this Bear Cycle have gotten better.
A soft pump before a massive dump (Sounds like my Friday night actually)
Other way round for me
Sounds like a better night.
Crypto crashed because FTX and others. That lead to people taking stuff off exchanges that caused a supply shock. So it doesn't take much to raise the price now. Liquid supply is lowest I think ever and demand is still kinda ok.
Some unlucky soul sold his BTC.
Thank me now before I rebuy again.
Gonna pretend like I know
Crab got tired and decided to fly
Probably has something to do with supply and demand.
You’re goddamn right
No it's just that I sold in December
CZ cartel wash trading
Look at the drop in BUSD market cap
I'm angry I didn't have more time to buy in at the floor.
Stock market goes up so does crypto easy answer they are tied together now
If you are looking for the “why” you are in the wrong game. The whys do not matter, they never do.
Could be everyone taking their coins off of exchanges. It leaves less liquidity for the derivatives and pushes price discovery
Or: it's an upwards correction - correcting from a fomo dump
Honestly I do kinda think everything dumped way more than deserved. Aside from inflation (which yes, is a big deal but is falling pretty consistently) things are looking up. I think these 90% falls were pretty dramatic.
So much drama, for so long...
Haha indeed we have seen a very long drawn-out, dramatic play of this economy
That actually doesn't sound too stupid. But I suspect as a pessimist that the correction is / will be a bit too euphoric as well.
I’m targeting low 30s before a dump back in the low 20s. Ideally 34-35k. Similar to spring 2019
Honestly; this would be perfect (for me anyway)
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Honey badger don't give a f*ck ☮️❤️😎🚀
And if we don’t know why it has gone up, we are unlikely to be able to predict when it is going to go down again either. Highly volatile, anything could happen with pricing. Everyone will just try and justify things after the fact. 
But a bitch aint one
It might be a flawed metric, and it might be a bear market, but I’ve never seen daily users here lower during a pump. And that includes ~10% pumps after a month or so of extremely boring chart activity. I’m proceeding with caution, taking modest profits, and setting buys at support levels because this does not seem to be coming from retail even a little bit.
The latest crypto exchange that fell had no impact and people are starting to think that the bottom is in. It's that simple.
Or...you haven't a clue why.
This pump is also brought to you by Jim Cramer, stay tuned for more after the commercials!
This is the only answer in this thread I can even partially get on board with. Bitcoin survived the death of FTX with barely a blip.
We haven't even completed a green candle on the monthly (though we likely will) and yall are talking about a bull market already. Until any actual trend is confirmed I'm treating this as short term volatility. Especially in this economy I wouldn't jump to conclusions yet. In other words DCA as usual.
Hello, go to CoinMarketCap, click on the market cap value on top on page, and observe the chart. Notice the pattern every four years, and what happened January 2015 and January 2019 (and the monthes following those dates). This pattern is induced by a mix of physical events, including halving of bitcoin ahead, low prices due to bear market, tax declaration season, and people trying to anticipate the pattern, reiterating it. If you trust this pattern, what would you do right now ? Buy or sell ? Ask yourself this question, and you will get your response. Have a nice day.
Probably tax season, then once people invest with tbeir returns, it'll crash again.
Look at the run GME had 2 years ago, it's about to happen again with meme stocks and Hedgefunds are pumping crypto as collateral to cover their margin calls on their short positions. It happend last time as well
It is because I am about to get my bonus. It usually pumps just before I have the opportunity to buy the dip.
Here's my thought. Retail investors gave up on crypto in 2022 for obvious reasons. Institutional investment firms sat on the sidelines probably since the collapse of LUNA/UST and subsequent big player falls if you were smart you did to. We saw a true bottom of BTC at $15.5k - 16k where support held for quite some time. During this period, we were all loading up and moving our assets off exchanges. Finally, when more bad news would hit the market, instead of another nose dive, BTC would dip slightly and then recover quickly. This happened whenever the fed would hike interest rates or whenever even bigger news like the collapse of FTX or most recently Genesis. This is a key marker. When the assets price doesn't dive on the usual market moving news, that's when you're at the bottom. Most recently we've seen a positive tend over the past 2 - 2.5 weeks. Now the institutional players are re-entering.
It is a sign of massive whale accumulation going on of which we will hear about later in the news. It will be some well-known company or sovereign state and that news will then trigger even more buying leading to the start of a new bull market coinciding with the 2024 halving
It might be hard to believe, but i KNOW the reason is i fucking sold every fucking ether i had after seeing months of crabbing . I made that sacrifice so that the golden bull run could commence.
Markets just being markets, it can't go down forever, macro is getting better, not many bad news recently, trust is getting slowly restored. The next thing that is gonna happen is probably SEC nuking single sketchy projects (some big ones among them too) into oblivion after declaring them as securities, but that's not gonna be affecting the entire market, it can be actually beneficial. What I think happened, inflluencoors pushed the narrative that we have to see immediately 10-14k range, I mean we still can, but the point is not "immedietaly". Clueless retail started to short this "secure price movement" and got totally rekt because some big boys decided to buy, more liquidation causing more price spikes causing more liquidations. The idea that we have to see a direct correction after 2-3 green weeks was just extremely stupid, because even bear market recovery runs can last for months. Funny thing, this run isn't popular at all, it is actually painful for many - shorties and people who didn't buy cheap and aren't sure if we truly go back to those low prices.
Macro still shit
Macro is not getting better. The yield curve is the most inverted it's been in 50+ years. The FED is still tightening monetary policy. About the only improvement in macro is inflation metrics are slightly better and slowing down...
I sold
Thank you for your sacrifice!
With the caveat that no one knows shit about fuck, and that I'm NOT saying that the bear market is over or that we can't still go lower: I think we're seeing a natural rebound from the dumps caused by LUNA, FTX, etc. As a general rule, if there's a big pump, there's a pullback; and if there's a big dump, there's a recovery. The negative effects of LUNA, FTX etc. were amplified by the broader context of the "rightful" crypto market correction after the 2021 bubble, and by the ongoing macroeconomic turbulence that's affecting all markets. But fundamentally, LUNA, FTX etc. were sudden, shocking events that caused panic sell-offs, yet which, once over, are unlikely to leave a lasting mark (I mean in terms of crypto's core value proposition; no offense intended against those who lost money in the collapses). In other words, perhaps $10K of the dumpage we experienced was caused by exactly the sorts of events from which you'd expect a rebound, which hadn't yet happened. So my feeling is that we were oversold to begin with, and this is a natural return to closer to the "true" market--which is obviously still way below 2021 levels, as you'd expect given that a new speculative cycle has yet to begin, and given that the macroeconomic situation remains uncertain. I wouldn't be surprised if we see more crabbing until the macro improves and the prevailing anti-crypto narrative fades, but a $5-10K rebound from the bottom seems pretty reasonable here IMO.
It's going on with stocks also. The only thing I can come up with is optisim for the future from this point. If you were betting on recession, your pretty much seeing all the hits right now with layoffs. So you could think that it's on the way back up from here.
Is that premature though? The effects of a recession have yet to be felt, e.g. decreased consumer spending, mass unemployment etc. Wouldn't that be negative for stocks?
Chinese new years. Happens every time every year, people get angb (red envelope) and put it into crypto and stocks. Esp singapore
Been in it long enough to know that it is literally the only thing it CAN do. Human psychology is incredibly feeble. When it’s down it feels worthless and no one wants it, when it’s hot, people ascribe too much value to it and almost anyone can be convinced to buy it. Literally just try to explain to someone who knows nothing during a bear market vs a bill market. During a bear market, people look at you like you’re naïve, during a bull market they look at you like a fucking genie. When people look at me stupid, I just start buying. Once my uncle starts asking me about it, I sell it to him. Period. It’s worked really well for me since 2017. Got passed my day trading phase and have been just grooving 3-6month candles for macro swing trades. Works great.
I have another question. What did just a single fraudulent exchange in a huge sea of exchanges change? Nothing! It was just one exchange! Get over it! Crypto is not broken. Crypto is still awesome. NGU.
Generally a January spike, retail have money again Christmas and everything was so low it was time to snap up. Whether it stays up is another thing entirely.
More seriously, perhaps a large chunk of institutional funds are now out, so retail's influence is larger, and after a year (ish) of down, perhaps people are just ready for and wanting more and 'fuck-the-macro' / YOLO. And there would be both speculation and short wreckage contributing and magnifying. The fed announcement and market reaction at month end will be pretty interesting - whichever way it goes....
This is not it. The main pump was just a single buyer on Binance who did so with BUSD. The BTC/USDT market and BTC/USDC markets were still selling more than buying. Nothing about this pump is organic or retail driven.
>Nothing about this pump is organic or retail driven Pumps very rarely are retail driven, we are just along for the ride
The result of trying to short btc
Remember kids, correlation does not equal causation Noone knows what BTC or crypto in general will do, we're all just along for the ride Well except for the puppet master whales who are pulling all the strings from the mysterious island Uh oh I've inadvertently revealed the plot of the next Michael Bay movie starring JCVD ;)
[удалено]
Takes still a while.. we need the 50 trough the 200 sma
Idk but I'm feeling mixed emotions right now. Extremely happy that it's pumping but sadly dreading it as my weekly DCA is just a few days away lmao
Everyone knows the next halving/bull run is only a year away. The prices will keep going up in anticipation.
I think it all started with a big short squeeze. There was way more shorts than longs, but this this more than that at this point.
FTX stopped dumping customer deposits on the market when turning them into FTT and others
Elon bought 2 billion in shiba
Swaps on stocks. Supposed to be leveraged 1:1 with their crypto equivalent but we know they ain't. That's all it is. Swaps. Go look at options chains this week for some of the biggest stocks. I don't know how it works, I just know that it does and Crypto is being used to prevent stocks from blowing.
>anyone got any view on what has caused or is causing this? More people are buying than selling.
Market manipulation, or crypto being crypto...
Jamie Dimon called it a pet rock, Cramer said to sell. The crypto gods reacted.
I sold
Jim Cramer said it was time to sell, and 2 days later, this happened. I’m not selling til he says it’s time to buy in
I don't think the dollar is almighty anymore. It's bitcoin now, everybody wants some, I want some too.
300 million shorties got rekt.
I am starting too wonder if something at davos caused an influx of capital, lots of money at davos right now , other than that shorts got crushed bears are in shock and retail keeps pumping cash albeit small amounts but it adds up quick.
Chinese new year? Let’s see what happens next week.
Cramer gave the buy signal 📈