DaC0nsumeR (OP)
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May 09, 2021, 09:01:39 AM Last edit: May 09, 2021, 09:37:26 AM by DaC0nsumeR |
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Wondering what some of you have to say about possible economic woes knocking the wind out of Bitcoin in the near future. After reading the following analysis. Bitcoin-Massive Deleveraging coming you have been warned!
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acroman08
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May 09, 2021, 09:24:22 AM |
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the link doesn't work I suggest putting it inside the hyperlink code(reference below) to make the whole address clickable and wouldn't be directed to an "error" as for deleveraging, I don't really understand it and as to why and how it would affect BTC. I'd appreciate an explanation. [url]inser web address[/url]
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Altcoinsintel
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May 09, 2021, 09:30:20 AM |
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the link doesn't work I suggest putting it inside the hyperlink code(reference below) to make the whole address clickable and wouldn't be directed to an "error" as for deleveraging, I don't really understand it and as to why and how it would affect BTC. I'd appreciate an explanation. [url]inser web address[/url] I think the link is this one: Bitcoin-Massive Deleveraging coming you have been warned!
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DaC0nsumeR (OP)
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May 09, 2021, 09:37:16 AM |
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the link doesn't work I suggest putting it inside the hyperlink code(reference below) to make the whole address clickable and wouldn't be directed to an "error" as for deleveraging, I don't really understand it and as to why and how it would affect BTC. I'd appreciate an explanation. [url]inser web address[/url] I think the link is this one: Bitcoin-Massive Deleveraging coming you have been warned!That's it, thanks!
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cryptomaniac_xxx
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May 09, 2021, 10:40:25 AM |
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Well the author is just getting his source from zerohedge, a know site that is more of a gold bug rather than crypto or stocks websites. So I wouldn't be surprise this kind of article coming from them. So for me there's nothing to worry about this so called de-leveraging event, on the contrary, it might have a positive effect on crypto market.
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DaC0nsumeR (OP)
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May 09, 2021, 11:43:11 PM |
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Granted the gold crowd is much more worried about this kind of thing, we know that when the pandemic hit crypto went down with everything else. I was just wondering what people are thinking of how to deal with, and plan for, a possible macroeconomic event that might strike a blow to crypto.
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datguyian
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May 09, 2021, 11:52:06 PM |
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Well the author is just getting his source from zerohedge, a know site that is more of a gold bug rather than crypto or stocks websites. So I wouldn't be surprise this kind of article coming from them. So for me there's nothing to worry about this so called de-leveraging event, on the contrary, it might have a positive effect on crypto market.
They do have an agenda at zerohedge and yes they are not the most friendly crypto outlet although not that bad either. The article is at least worth the read, interesting angle.
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cryptomaniac_xxx
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May 12, 2021, 09:59:32 AM |
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Well the author is just getting his source from zerohedge, a know site that is more of a gold bug rather than crypto or stocks websites. So I wouldn't be surprise this kind of article coming from them. So for me there's nothing to worry about this so called de-leveraging event, on the contrary, it might have a positive effect on crypto market.
They do have an agenda at zerohedge and yes they are not the most friendly crypto outlet although not that bad either. The article is at least worth the read, interesting angle. I don't think the article is a worth a read as well, it doesn't make any sense, as you have said they have their own agenda and wanted to make some noise. And I think smart investors knows about this already, and could have been preparing for this so called event. And I doubt that bitcoin could be knock out of the wind at this point, it has becoming the best asset already and will continue to so in the next coming years, with or without this warning.
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davis196
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May 12, 2021, 11:03:43 AM |
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I would never click on this link.I don't trust such websites. What the hell is this domain insights.santiment.net?I guess that this page is a part of santiment.net,which has around 173K views per months,according to Similarweb. Is this another FUD article or what? Anyway,I read the article and the author comes to conclusion that FED will ban all the pension funds and hedge funds from making financial leverage and this is supposed to hit the cryptocurrency markets real hard. OK,but is Bitcoin/crypto adopted by all the pension funds/hedge funds?...Nope. This analysis seems like a typical FUD,combined with a bunch of confusing charts,posted there just for the sake of convincing the noobs that Bitcoin is doomed.
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buwaytress
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May 12, 2021, 11:13:57 AM |
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Someone who has got to start with telling everyone about his HALO jump from the good old days sounds like he still has a lot to prove to himself heh. But I suppose anyone who also chooses such a title has got to have some degree of ego inflation.
That said, it's not entirely hogwash, but I don't think it's going to be anything worse than anyone would expect in a typical Bitcoin cycle. I'm actually wondering if we'll even see the 80% falls from peaks of the past.
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datguyian
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May 18, 2021, 07:36:28 PM |
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Well the author is just getting his source from zerohedge, a know site that is more of a gold bug rather than crypto or stocks websites. So I wouldn't be surprise this kind of article coming from them. So for me there's nothing to worry about this so called de-leveraging event, on the contrary, it might have a positive effect on crypto market.
They do have an agenda at zerohedge and yes they are not the most friendly crypto outlet although not that bad either. The article is at least worth the read, interesting angle. I don't think the article is a worth a read as well, it doesn't make any sense, as you have said they have their own agenda and wanted to make some noise. And I think smart investors knows about this already, and could have been preparing for this so called event. And I doubt that bitcoin could be knock out of the wind at this point, it has becoming the best asset already and will continue to so in the next coming years, with or without this warning. Zero Hedge aren't bad per se. That's the point they use their reputation to put something out there that not only reflects opinion and knowledge but an agenda. Anyway, that's nothing we aren't already used to.
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dothebeats
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May 18, 2021, 08:14:45 PM |
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While I believe that there is no way that the current cycle would just continuously surge past ATH records and reach higher highs, the article is pure bs and written with obvious bias on traditional assets. The website is known for its inclination towards gold over the years and hasn't changed its stance against cryptocurrency, albeit the asset being slowly accepted even by institutional investors. With the amount of money pumped into bitcoin alone, there's no way that deep pockets would let it slid past below comfortable levels.
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pixie85
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May 18, 2021, 09:19:55 PM |
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Someone who has got to start with telling everyone about his HALO jump from the good old days sounds like he still has a lot to prove to himself heh. But I suppose anyone who also chooses such a title has got to have some degree of ego inflation.
That said, it's not entirely hogwash, but I don't think it's going to be anything worse than anyone would expect in a typical Bitcoin cycle. I'm actually wondering if we'll even see the 80% falls from peaks of the past.
We probably won't see those 80% corrections anymore. Most traders speculate that worst case scenario for Bitcoin at this point would be a fall to 20 thousand, which would still mean a 2x yearly gain compared to 2020 average and 4x compared to the low of 2020. That's a great gain if you ask me, even if you're a lagging trader who bought in 2020 and happens to sell at the bottom of 2021. To get something like that in stocks, buying google, amazon, apple, you need to wait three times longer.
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tabas
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May 18, 2021, 09:27:24 PM |
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It's funny that such articles will always exist and will be made when these authors know that the market is in favor of them and the context that they want to bring and write is timely.
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xonar2
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May 18, 2021, 09:32:41 PM |
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It's funny that such articles will always exist and will be made when these authors know that the market is in favor of them and the context that they want to bring and write is timely.
This article was posted several days before the current crash started. May 7th to be exact. Pretty good timing to merely be a "guess". People are quick to dismiss anything they don't like as FUD or not worth reading, even when the author is speaking the truth. Big institutional investors *are* offloading BTC in masses currently. Not that I personally mind, like many here I do see big dips as good buy opportunities. The author of the article is also not anti-BTC, they have dedicated a graph to BTC in the article saying BTC is doing well and will experience a slight price correction downwards. Which it currently is.
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buwaytress
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May 19, 2021, 01:12:53 PM |
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We probably won't see those 80% corrections anymore.
Most traders speculate that worst case scenario for Bitcoin at this point would be a fall to 20 thousand, which would still mean a 2x yearly gain compared to 2020 average and 4x compared to the low of 2020. That's a great gain if you ask me, even if you're a lagging trader who bought in 2020 and happens to sell at the bottom of 2021. To get something like that in stocks, buying google, amazon, apple, you need to wait three times longer.
More like 5 times the 2020 low, still very fresh memories of price falling below $4000 in March, but yeah, I'd be very happy if that's our low. Bitcoin has never actually dipped below an old ATH once it breaks past it, has it? Not sure what significance it would have if it actually happens this time around. Still a great gain, and still means plenty more time for us stragglers (relatively) to improve our positions. P.S. Crazy market right now. We're at 50% of ATH;)
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pixie85
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May 22, 2021, 07:26:40 PM |
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More like 5 times the 2020 low, still very fresh memories of price falling below $4000 in March, but yeah, I'd be very happy if that's our low. Bitcoin has never actually dipped below an old ATH once it breaks past it, has it? Not sure what significance it would have if it actually happens this time around.
Still a great gain, and still means plenty more time for us stragglers (relatively) to improve our positions.
P.S. Crazy market right now. We're at 50% of ATH;)
It has not, at least since 2013. Previous pumps were even more volatile and much shorter. I always try to look at lows and compare them with each other because they are a great show of weakness. Fun fact is that people are getting more used to these cycles and each time the price looks much stronger. The price doesn't want to go as deep in its lows as it used to. You can see it when you compare how in 2013 it went down 50% in one day, but this time, despite all the FUD it needed 10 days to lose 40%. The fundamentals remain the same. If you buy bitcoin you're going to have more in terms of fiat value after 2 or 3 years. I see no other way.
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buwaytress
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May 23, 2021, 02:58:50 PM |
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Bitcoin has never actually dipped below an old ATH once it breaks past it, has it?
It has not, at least since 2013. Previous pumps were even more volatile and much shorter. I always try to look at lows and compare them with each other because they are a great show of weakness. Fun fact is that people are getting more used to these cycles and each time the price looks much stronger. The price doesn't want to go as deep in its lows as it used to. You can see it when you compare how in 2013 it went down 50% in one day, but this time, despite all the FUD it needed 10 days to lose 40%. The fundamentals remain the same. If you buy bitcoin you're going to have more in terms of fiat value after 2 or 3 years. I see no other way. Yeah, I only have rough charts to look at but no chart I've seen seems to show Bitcoin dipping anywhere near a previous ATH -- have only been around for two rallies and even with Black Monday last year, it was still more than 250% higher than the previous ATH just around 1400. Well aware that percentages can't always count the same especially now that we're in 5-figure territory but yeah, I can't see price dropping below $20k now, or it might force new fears people never had to deal with before. Can definitely attest to that feeling of confidence. Not super happy about the past couple of weeks but neither am I feeling nervous or needing to check price all the time. A weird sense of serene comfort and I'm sure for many others as well!
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tyz
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May 23, 2021, 03:06:02 PM |
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Well the author is just getting his source from zerohedge, a know site that is more of a gold bug rather than crypto or stocks websites. So I wouldn't be surprise this kind of article coming from them. So for me there's nothing to worry about this so called de-leveraging event, on the contrary, it might have a positive effect on crypto market.
Yes, Zerohedge sometimes has quite good articles but most of them you can ignore as a crypto investor. I think that the current phase is also rather positive for crypto. There were too many people who worked with a very high leverage in the last months. Often the same people who were big on WallstreetBets. The current price dump could ensure that big players (institutional investors) get in who missed the opportunity in the last few months and now see their chance to buy cheaply, which should further stabilize the market in the long term.
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tranthidung
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Farewell o_e_l_e_o
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May 23, 2021, 03:14:40 PM |
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There were too many people who worked with a very high leverage in the last months.
This period is helpful for the market clean-up. After many months, it has a big clean up after which the market will have more strong hands. When it moves up again, gets a new all time high, gamblers will participate in again. They will contribute to another FOMO wave. The current price dump could ensure that big players (institutional investors) get in who missed the opportunity in the last few months and now see their chance to buy cheaply, which should further stabilize the market in the long term.
They took profit and brought the boat back (with cheap price) to hop on again. Price falls not because of recent fud but indeed because of whales' price manipulation. The market will have another time for Future Open Interest top-ups, and Bitcoin will have its next top. Some people are fearing of bear market but hey, please think - Does Bitcoin since 2020 - 2021 has run faster than any past cycle?
- If this faster run continues, the bear period or only accumulation will end earlier than esitmation from past records.
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