ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 05, 2021, 03:01:33 AM |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 05, 2021, 04:01:26 AM |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 05, 2021, 05:01:26 AM |
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somac.
Legendary
Offline
Activity: 2058
Merit: 1196
Never selling
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December 05, 2021, 05:10:18 AM |
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Shitcoins have come back very strong, good portion of them have completely elimanted their weekend losses and are up on the week. Bitcoin looks very tired and heavy in comparison.
To me this could mean 2 things. 1) no significant retail buying is happening with BTC anymore. or 2) BTC investors know something that the shitcoins don't, which is most likely more dumps on Monday. Or I guess both.
Don't like any of those options honestly.
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lottery248
Legendary
Offline
Activity: 1568
Merit: 1005
beware of your keys.
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December 05, 2021, 05:18:11 AM |
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Shitcoins have come back very strong, good portion of them have completely elimanted their weekend losses and are up on the week. Bitcoin looks very tired and heavy in comparison.
To me this could mean 2 things. 1) no significant retail buying is happening with BTC anymore. or 2) BTC investors know something that the shitcoins don't, which is most likely more dumps on Monday. Or I guess both.
Don't like any of those options honestly.
i doubt if dumps would really happen on monday. however, if it occurred, it would be a real disaster to a lot of margins going for long, causing domino effect crashing almost every single normal altcoins including bitcoin itself. this is very likely transitory but maximum fear during it.
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somac.
Legendary
Offline
Activity: 2058
Merit: 1196
Never selling
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December 05, 2021, 05:30:37 AM |
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Shitcoins have come back very strong, good portion of them have completely elimanted their weekend losses and are up on the week. Bitcoin looks very tired and heavy in comparison.
To me this could mean 2 things. 1) no significant retail buying is happening with BTC anymore. or 2) BTC investors know something that the shitcoins don't, which is most likely more dumps on Monday. Or I guess both.
Don't like any of those options honestly.
i doubt if dumps would really happen on monday. however, if it occurred, it would be a real disaster to a lot of margins going for long, causing domino effect crashing almost every single normal altcoins including bitcoin itself. this is very likely transitory but maximum fear during it. There is still the Omicron and FED FUD going around. It's very possible that the traditional markets could bring us down further, unless that all gets solved early next week.
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lottery248
Legendary
Offline
Activity: 1568
Merit: 1005
beware of your keys.
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December 05, 2021, 05:40:42 AM |
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Shitcoins have come back very strong, good portion of them have completely elimanted their weekend losses and are up on the week. Bitcoin looks very tired and heavy in comparison.
To me this could mean 2 things. 1) no significant retail buying is happening with BTC anymore. or 2) BTC investors know something that the shitcoins don't, which is most likely more dumps on Monday. Or I guess both.
Don't like any of those options honestly.
i doubt if dumps would really happen on monday. however, if it occurred, it would be a real disaster to a lot of margins going for long, causing domino effect crashing almost every single normal altcoins including bitcoin itself. this is very likely transitory but maximum fear during it. There is still the Omicron and FED FUD going around. It's very possible that the traditional markets could bring us down further, unless that all gets solved early next week. i think that the whole market is on the "extremely overvalued" status, meaning the market is on the extreme bubble. if the market is still going down further, to a point it will burst the bubble and the whole world go into the end of finance. some people suggested that the Fed paid a lot to let certain funds buy junk bonds like Chinese properties and used for ETF collaterals, such as Evergrande that is on the verge to become insolvent towards its offshore bonds. if it's declared insolvent, those collaterals are worthless to liquidate. even more, if the Fed fails to raise its national debt ceiling before 2021.12.15, it will become insolvent as well. if everything comes together, then it's the end of the world finance i am talking about. to the whole crypto market, it's not going to be immune either especially if any major stablecoin becomes insolvent.
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 05, 2021, 06:01:35 AM |
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somac.
Legendary
Offline
Activity: 2058
Merit: 1196
Never selling
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December 05, 2021, 06:10:23 AM |
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Shitcoins have come back very strong, good portion of them have completely elimanted their weekend losses and are up on the week. Bitcoin looks very tired and heavy in comparison.
To me this could mean 2 things. 1) no significant retail buying is happening with BTC anymore. or 2) BTC investors know something that the shitcoins don't, which is most likely more dumps on Monday. Or I guess both.
Don't like any of those options honestly.
i doubt if dumps would really happen on monday. however, if it occurred, it would be a real disaster to a lot of margins going for long, causing domino effect crashing almost every single normal altcoins including bitcoin itself. this is very likely transitory but maximum fear during it. There is still the Omicron and FED FUD going around. It's very possible that the traditional markets could bring us down further, unless that all gets solved early next week. i think that the whole market is on the "extremely overvalued" status, meaning the market is on the extreme bubble. if the market is still going down further, to a point it will burst the bubble and the whole world go into the end of finance. some people suggested that the Fed paid a lot to let certain funds buy junk bonds like Chinese properties and used for ETF collaterals, such as Evergrande that is on the verge to become insolvent towards its offshore bonds. if it's declared insolvent, those collaterals are worthless to liquidate. even more, if the Fed fails to raise its national debt ceiling before 2021.12.15, it will become insolvent as well. if everything comes together, then it's the end of the world finance i am talking about. to the whole crypto market, it's not going to be immune either especially if any major stablecoin becomes insolvent. The FED will not let things fall apart. To allow deflation at this point with such high debt levels across the board would absolutely lead to destruction that is far in excess of the 1930s. So yeah the FED is not going to pull support they can't, but, there is the little game they often play where they make out they are going to be responsible but when things go too far they do a u-turn. The concern that we face next week is that the FED has not made that u-turn yet, and markets will keep pressure on until they do. Regarding the national debt ceiling I think I read on the weekend that it has been extended till February, so shouldn't be an issue. Once again though the ceiling doesn't matter it will always be extended. Same as the FED will always print. The USA can't be insolvent in the traditional sense, they control their own fiat and can produce as much of it as they want. The producing can be hampered sometimes by the private banks not lending (money is created by private bank lending), but they seem to get around that these days through fiscal stimulus (and soon CBDC, where everyone can then hold and spend cash reserves).
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OutOfMemory
Legendary
Offline
Activity: 1540
Merit: 3007
Man who stares at charts
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December 05, 2021, 06:39:31 AM |
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Shitcoins have come back very strong, good portion of them have completely elimanted their weekend losses and are up on the week. Bitcoin looks very tired and heavy in comparison.
To me this could mean 2 things. 1) no significant retail buying is happening with BTC anymore. or 2) BTC investors know something that the shitcoins don't, which is most likely more dumps on Monday. Or I guess both.
Don't like any of those options honestly.
i doubt if dumps would really happen on monday. however, if it occurred, it would be a real disaster to a lot of margins going for long, causing domino effect crashing almost every single normal altcoins including bitcoin itself. this is very likely transitory but maximum fear during it. There is still the Omicron and FED FUD going around. It's very possible that the traditional markets could bring us down further, unless that all gets solved early next week. i think that the whole market is on the "extremely overvalued" status, meaning the market is on the extreme bubble. if the market is still going down further, to a point it will burst the bubble and the whole world go into the end of finance. some people suggested that the Fed paid a lot to let certain funds buy junk bonds like Chinese properties and used for ETF collaterals, such as Evergrande that is on the verge to become insolvent towards its offshore bonds. if it's declared insolvent, those collaterals are worthless to liquidate. even more, if the Fed fails to raise its national debt ceiling before 2021.12.15, it will become insolvent as well. if everything comes together, then it's the end of the world finance i am talking about. to the whole crypto market, it's not going to be immune either especially if any major stablecoin becomes insolvent. EOF (End of finance) vs. FUD? If finance would be that vulnerable, we wouldn't have survived 2008. The FED already extended the ceiling, i heard on the international radio yesterday. EDIT: I saw somac already answered in more detail. Have a nice day, i'm off shoveling snow until or beyond sundown
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 05, 2021, 07:01:24 AM |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 05, 2021, 08:01:25 AM |
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bitcoinPsycho
Legendary
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Activity: 2478
Merit: 2078
$120000 in 2024 Confirmed
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December 05, 2021, 08:18:46 AM |
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Buddy dominance
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aysg76
Legendary
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Activity: 1960
Merit: 2124
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December 05, 2021, 08:44:07 AM |
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Holders trying to control themselves for looking at the charts for some timeC'mon pump it now hard
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cygan
Legendary
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Activity: 3150
Merit: 7806
Crypto Swap Exchange
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December 05, 2021, 08:47:14 AM |
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it could/can all be so simple
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shahzadafzal
Copper Member
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Activity: 1540
Merit: 2908
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December 05, 2021, 08:51:51 AM |
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Buddy dominance Typical WO bro's giving buddy some space to cross $50k without a hiccup.
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 05, 2021, 09:01:34 AM |
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serveria.com
Legendary
Online
Activity: 2240
Merit: 1172
Privacy Servers. Since 2009.
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December 05, 2021, 09:40:40 AM |
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Holders trying to control themselves for looking at the charts for some timeC'mon pump it now hard Where did you get this IRL photo of mine?
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serveria.com
Legendary
Online
Activity: 2240
Merit: 1172
Privacy Servers. Since 2009.
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December 05, 2021, 09:45:11 AM Merited by JayJuanGee (1) |
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Shitcoins have come back very strong, good portion of them have completely elimanted their weekend losses and are up on the week. Bitcoin looks very tired and heavy in comparison.
To me this could mean 2 things. 1) no significant retail buying is happening with BTC anymore. or 2) BTC investors know something that the shitcoins don't, which is most likely more dumps on Monday. Or I guess both.
Don't like any of those options honestly.
Haha made me smile! Last time "significant retail buying" of BTC happened back in December 2017! Does that mean we're still in a bear? We're not observing shitcoins here. The fact that some of that crap "came back very strong" doesn't mean a shit. All shitcoins are doomed (well, most of them).
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 05, 2021, 10:01:24 AM |
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