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  • cabbles
    cabbles Posts: 15,254
    Rothko said:
    Wonder what Asia will do?  Wake up and short no doubt :-) 
  • balham red
    balham red Posts: 1,278
    I'm not having a dig, but here's what the B of E say.
    I just hope everyone makes money and gets out in good time.
    The experts will whip away most people's money and millions will be left with very little.
    Good luck all.
    https://www.msn.com/en-gb/money/other/cryptocurrency-has-no-intrinsic-value-and-investors-will-lose-all-your-money-says-bank-of-england-chief/ar-BB1gtAyq?li=BBoPWjQ
    I worked in financial services all my life as a Bank Manager and then a Financial Adviser.
    “I think the internet is a fad, I’ve worked in fax machine distribution all my life”, Cool story bro. Go ask your Goldman sach mates why they’ve now opened up a crypto trading department if it’s such a ponzi. 
    May 7th.
    This kind of bollocks gets posted every bull run. Are you seriously saying Bitcoin and crypto has no future? Imagine gloating saying capitalism is finished because of market crash. If you bought the top of the last bull run and held, you’re still almost 100% up on your original investment.
    No, I said a long time ago it will be similar to the dot com bubble, where the market makers and experts made a killing and many of those that didn't know what they were doing lost out to the manipulators.

    Some will survive and many won't.
    Bitcoin, Crypto, Eth and some others may/will survive.

    Once again I'm not gloating, in fact quite the opposite.
    I've advised financially all my life as a bank manager and then financial adviser.
    I was simply trying to warn those that didn't know what they were doing, what was coming.
    I could do no more, as I always have.
    Yes you are, why post otherwise? As I said, an idiot.
    I posted because I once again warned everyone on May 7th.
    To be fair I think it was only yourself that ridiculed me.
    Anyway, you seem to live & breathe cryptos 24/7, I'm not sure how you manage it, unless you are not studying/working.
    My warning wasn't aimed at you and others that know what they are doing.
    But others getting sucked in.
    I hope everyone is still in profit, I really do.

    “I’m not gloating”
    Funny thing is, you are just as bad.




  • CAFCsayer
    CAFCsayer Posts: 10,223
    https://youtu.be/Lhf_2gJJS1I

    Not one for conspiracy theories,  but this is scarily accurate and predicted yesterday to a t
  • kentaddick
    kentaddick Posts: 18,729
    I'm not having a dig, but here's what the B of E say.
    I just hope everyone makes money and gets out in good time.
    The experts will whip away most people's money and millions will be left with very little.
    Good luck all.
    https://www.msn.com/en-gb/money/other/cryptocurrency-has-no-intrinsic-value-and-investors-will-lose-all-your-money-says-bank-of-england-chief/ar-BB1gtAyq?li=BBoPWjQ
    I worked in financial services all my life as a Bank Manager and then a Financial Adviser.
    “I think the internet is a fad, I’ve worked in fax machine distribution all my life”, Cool story bro. Go ask your Goldman sach mates why they’ve now opened up a crypto trading department if it’s such a ponzi. 
    May 7th.
    This kind of bollocks gets posted every bull run. Are you seriously saying Bitcoin and crypto has no future? Imagine gloating saying capitalism is finished because of market crash. If you bought the top of the last bull run and held, you’re still almost 100% up on your original investment.
    No, I said a long time ago it will be similar to the dot com bubble, where the market makers and experts made a killing and many of those that didn't know what they were doing lost out to the manipulators.

    Some will survive and many won't.
    Bitcoin, Crypto, Eth and some others may/will survive.

    Once again I'm not gloating, in fact quite the opposite.
    I've advised financially all my life as a bank manager and then financial adviser.
    I was simply trying to warn those that didn't know what they were doing, what was coming.
    I could do no more, as I always have.
    Yes you are, why post otherwise? As I said, an idiot.
    I posted because I once again warned everyone on May 7th.
    To be fair I think it was only yourself that ridiculed me.
    Anyway, you seem to live & breathe cryptos 24/7, I'm not sure how you manage it, unless you are not studying/working.
    My warning wasn't aimed at you and others that know what they are doing.
    But others getting sucked in.
    I hope everyone is still in profit, I really do.

    “I’m not gloating”
    Funny thing is, you are just as bad.




    You realise that post is me taking the piss out of people who come on and gloat? 
  • cabbles
    cabbles Posts: 15,254
    CAFCsayer said:
    https://youtu.be/Lhf_2gJJS1I

    Not one for conspiracy theories,  but this is scarily accurate and predicted yesterday to a t
    Good video.  It’s very accurate when he overlaid that model.  However, and it’s in complete contrast to that message Kent put up y’day about how y’day’s nonsense was also orchestrated, and things will be on a quick upward curve. 

    I liked both pieces. This one is good because it tells me what I don’t want to hear, ie, there’s no way back for now and I’m going to be sitting on a loss that could heavier....

    in the short time I’ve been in crypto, personally, I’ve heard what I want to hear.  Not intentionally, but you see it go up, and then you go on Twitter etc and see ‘to the moon’, your brain is probably more receptive to that than the thing you’ve just posted.  


  • kentaddick
    kentaddick Posts: 18,729
    cabbles said:
    CAFCsayer said:
    https://youtu.be/Lhf_2gJJS1I

    Not one for conspiracy theories,  but this is scarily accurate and predicted yesterday to a t
    Good video.  It’s very accurate when he overlaid that model.  However, and it’s in complete contrast to that message Kent put up y’day about how y’day’s nonsense was also orchestrated, and things will be on a quick upward curve. 

    I liked both pieces. This one is good because it tells me what I don’t want to hear, ie, there’s no way back for now and I’m going to be sitting on a loss that could heavier....

    in the short time I’ve been in crypto, personally, I’ve heard what I want to hear.  Not intentionally, but you see it go up, and then you go on Twitter etc and see ‘to the moon’, your brain is probably more receptive to that than the thing you’ve just posted.  


    To be clear, what cafcsayer posted is almost certainly what I think will happen. Market structure isn’t good.
  • cabbles
    cabbles Posts: 15,254
    cabbles said:
    CAFCsayer said:
    https://youtu.be/Lhf_2gJJS1I

    Not one for conspiracy theories,  but this is scarily accurate and predicted yesterday to a t
    Good video.  It’s very accurate when he overlaid that model.  However, and it’s in complete contrast to that message Kent put up y’day about how y’day’s nonsense was also orchestrated, and things will be on a quick upward curve. 

    I liked both pieces. This one is good because it tells me what I don’t want to hear, ie, there’s no way back for now and I’m going to be sitting on a loss that could heavier....

    in the short time I’ve been in crypto, personally, I’ve heard what I want to hear.  Not intentionally, but you see it go up, and then you go on Twitter etc and see ‘to the moon’, your brain is probably more receptive to that than the thing you’ve just posted.  


    To be clear, what cafcsayer posted is almost certainly what I think will happen. Market structure isn’t good.
    Absolutely.  I was just highlighting how on the one hand you post something very accurate, almost the exact point the price btc went down too, but there is a rebound, whereas the above states it’s about to drop considerably.  I would be more inclined to agree with what cafc sayer has posted, just highlighting how much of head spin this all is with diff bits of info etc 
  • balham red
    balham red Posts: 1,278
    I'm not having a dig, but here's what the B of E say.
    I just hope everyone makes money and gets out in good time.
    The experts will whip away most people's money and millions will be left with very little.
    Good luck all.
    https://www.msn.com/en-gb/money/other/cryptocurrency-has-no-intrinsic-value-and-investors-will-lose-all-your-money-says-bank-of-england-chief/ar-BB1gtAyq?li=BBoPWjQ
    I worked in financial services all my life as a Bank Manager and then a Financial Adviser.
    “I think the internet is a fad, I’ve worked in fax machine distribution all my life”, Cool story bro. Go ask your Goldman sach mates why they’ve now opened up a crypto trading department if it’s such a ponzi. 
    May 7th.
    This kind of bollocks gets posted every bull run. Are you seriously saying Bitcoin and crypto has no future? Imagine gloating saying capitalism is finished because of market crash. If you bought the top of the last bull run and held, you’re still almost 100% up on your original investment.
    No, I said a long time ago it will be similar to the dot com bubble, where the market makers and experts made a killing and many of those that didn't know what they were doing lost out to the manipulators.

    Some will survive and many won't.
    Bitcoin, Crypto, Eth and some others may/will survive.

    Once again I'm not gloating, in fact quite the opposite.
    I've advised financially all my life as a bank manager and then financial adviser.
    I was simply trying to warn those that didn't know what they were doing, what was coming.
    I could do no more, as I always have.
    Yes you are, why post otherwise? As I said, an idiot.
    I posted because I once again warned everyone on May 7th.
    To be fair I think it was only yourself that ridiculed me.
    Anyway, you seem to live & breathe cryptos 24/7, I'm not sure how you manage it, unless you are not studying/working.
    My warning wasn't aimed at you and others that know what they are doing.
    But others getting sucked in.
    I hope everyone is still in profit, I really do.

    “I’m not gloating”
    Funny thing is, you are just as bad.




    You realise that post is me taking the piss out of people who come on and gloat? 
    Yes I do, so you were doing some revenge gloating replying to my post, when I was never part of the original gloating.
  • balham red
    balham red Posts: 1,278
    CAFCsayer said:
    https://youtu.be/Lhf_2gJJS1I

    Not one for conspiracy theories,  but this is scarily accurate and predicted yesterday to a t
    When you think about it, the retail traders are completely pissing in the wind against the institutional traders' whims. If you look 'Whale alert' twitter account, you see 10's of millions of dollars being moved about every 10 minutes or so. You could add up all the bitcoin traders across all the online communities like reddit and whatnot, and they would barely put a dent in what one of these whales does.
    It really does make you think.
  • kentaddick
    kentaddick Posts: 18,729
    CAFCsayer said:
    https://youtu.be/Lhf_2gJJS1I

    Not one for conspiracy theories,  but this is scarily accurate and predicted yesterday to a t
    When you think about it, the retail traders are completely pissing in the wind against the institutional traders' whims. If you look 'Whale alert' twitter account, you see 10's of millions of dollars being moved about every 10 minutes or so. You could add up all the bitcoin traders across all the online communities like reddit and whatnot, and they would barely put a dent in what one of these whales does.
    It really does make you think.
    These whales are either miners or people who bought bitcoin when it was pennies and held. Either way they’re perfectly entitled to be whales. 
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  • kentaddick
    kentaddick Posts: 18,729
    I'm not having a dig, but here's what the B of E say.
    I just hope everyone makes money and gets out in good time.
    The experts will whip away most people's money and millions will be left with very little.
    Good luck all.
    https://www.msn.com/en-gb/money/other/cryptocurrency-has-no-intrinsic-value-and-investors-will-lose-all-your-money-says-bank-of-england-chief/ar-BB1gtAyq?li=BBoPWjQ
    I worked in financial services all my life as a Bank Manager and then a Financial Adviser.
    “I think the internet is a fad, I’ve worked in fax machine distribution all my life”, Cool story bro. Go ask your Goldman sach mates why they’ve now opened up a crypto trading department if it’s such a ponzi. 
    May 7th.
    This kind of bollocks gets posted every bull run. Are you seriously saying Bitcoin and crypto has no future? Imagine gloating saying capitalism is finished because of market crash. If you bought the top of the last bull run and held, you’re still almost 100% up on your original investment.
    No, I said a long time ago it will be similar to the dot com bubble, where the market makers and experts made a killing and many of those that didn't know what they were doing lost out to the manipulators.

    Some will survive and many won't.
    Bitcoin, Crypto, Eth and some others may/will survive.

    Once again I'm not gloating, in fact quite the opposite.
    I've advised financially all my life as a bank manager and then financial adviser.
    I was simply trying to warn those that didn't know what they were doing, what was coming.
    I could do no more, as I always have.
    Yes you are, why post otherwise? As I said, an idiot.
    I posted because I once again warned everyone on May 7th.
    To be fair I think it was only yourself that ridiculed me.
    Anyway, you seem to live & breathe cryptos 24/7, I'm not sure how you manage it, unless you are not studying/working.
    My warning wasn't aimed at you and others that know what they are doing.
    But others getting sucked in.
    I hope everyone is still in profit, I really do.

    “I’m not gloating”
    Funny thing is, you are just as bad.




    You realise that post is me taking the piss out of people who come on and gloat? 
    Yes I do, so you were doing some revenge gloating replying to my post, when I was never part of the original gloating.
    The major difference is I was clearly being sarcastic (note the /s), other posters are clearly not.
  • balham red
    balham red Posts: 1,278
    I'm not having a dig, but here's what the B of E say.
    I just hope everyone makes money and gets out in good time.
    The experts will whip away most people's money and millions will be left with very little.
    Good luck all.
    https://www.msn.com/en-gb/money/other/cryptocurrency-has-no-intrinsic-value-and-investors-will-lose-all-your-money-says-bank-of-england-chief/ar-BB1gtAyq?li=BBoPWjQ
    I worked in financial services all my life as a Bank Manager and then a Financial Adviser.
    “I think the internet is a fad, I’ve worked in fax machine distribution all my life”, Cool story bro. Go ask your Goldman sach mates why they’ve now opened up a crypto trading department if it’s such a ponzi. 
    May 7th.
    This kind of bollocks gets posted every bull run. Are you seriously saying Bitcoin and crypto has no future? Imagine gloating saying capitalism is finished because of market crash. If you bought the top of the last bull run and held, you’re still almost 100% up on your original investment.
    No, I said a long time ago it will be similar to the dot com bubble, where the market makers and experts made a killing and many of those that didn't know what they were doing lost out to the manipulators.

    Some will survive and many won't.
    Bitcoin, Crypto, Eth and some others may/will survive.

    Once again I'm not gloating, in fact quite the opposite.
    I've advised financially all my life as a bank manager and then financial adviser.
    I was simply trying to warn those that didn't know what they were doing, what was coming.
    I could do no more, as I always have.
    Yes you are, why post otherwise? As I said, an idiot.
    I posted because I once again warned everyone on May 7th.
    To be fair I think it was only yourself that ridiculed me.
    Anyway, you seem to live & breathe cryptos 24/7, I'm not sure how you manage it, unless you are not studying/working.
    My warning wasn't aimed at you and others that know what they are doing.
    But others getting sucked in.
    I hope everyone is still in profit, I really do.

    “I’m not gloating”
    Funny thing is, you are just as bad.




    You realise that post is me taking the piss out of people who come on and gloat? 
    Yes I do, so you were doing some revenge gloating replying to my post, when I was never part of the original gloating.
    The major difference is I was clearly being sarcastic (note the /s), other posters are clearly not.
    Fair enough let's leave it I've made my point, I was in a spot of misery back then which you seemed to revel in with your post, and I'm in a spot of misery with this crypto crash also.
  • kentaddick
    kentaddick Posts: 18,729
    I'm not having a dig, but here's what the B of E say.
    I just hope everyone makes money and gets out in good time.
    The experts will whip away most people's money and millions will be left with very little.
    Good luck all.
    https://www.msn.com/en-gb/money/other/cryptocurrency-has-no-intrinsic-value-and-investors-will-lose-all-your-money-says-bank-of-england-chief/ar-BB1gtAyq?li=BBoPWjQ
    I worked in financial services all my life as a Bank Manager and then a Financial Adviser.
    “I think the internet is a fad, I’ve worked in fax machine distribution all my life”, Cool story bro. Go ask your Goldman sach mates why they’ve now opened up a crypto trading department if it’s such a ponzi. 
    May 7th.
    This kind of bollocks gets posted every bull run. Are you seriously saying Bitcoin and crypto has no future? Imagine gloating saying capitalism is finished because of market crash. If you bought the top of the last bull run and held, you’re still almost 100% up on your original investment.
    No, I said a long time ago it will be similar to the dot com bubble, where the market makers and experts made a killing and many of those that didn't know what they were doing lost out to the manipulators.

    Some will survive and many won't.
    Bitcoin, Crypto, Eth and some others may/will survive.

    Once again I'm not gloating, in fact quite the opposite.
    I've advised financially all my life as a bank manager and then financial adviser.
    I was simply trying to warn those that didn't know what they were doing, what was coming.
    I could do no more, as I always have.
    Yes you are, why post otherwise? As I said, an idiot.
    I posted because I once again warned everyone on May 7th.
    To be fair I think it was only yourself that ridiculed me.
    Anyway, you seem to live & breathe cryptos 24/7, I'm not sure how you manage it, unless you are not studying/working.
    My warning wasn't aimed at you and others that know what they are doing.
    But others getting sucked in.
    I hope everyone is still in profit, I really do.

    “I’m not gloating”
    Funny thing is, you are just as bad.




    You realise that post is me taking the piss out of people who come on and gloat? 
    Yes I do, so you were doing some revenge gloating replying to my post, when I was never part of the original gloating.
    The major difference is I was clearly being sarcastic (note the /s), other posters are clearly not.
    Fair enough let's leave it I've made my point, I was in a spot of misery back then which you seemed to revel in with your post, and I'm in a spot of misery with this crypto crash also.
    Think 5 years. In 5 years the stocks you own will probably be higher, in 5 years the crypto you own will probably be 5-10x higher than if you bought the very top at this cycle. 
  • jacob_CAFC
    jacob_CAFC Posts: 2,063
    I'm sure that Bitcoin is going to go up in the long run and should be a lot more stable after a few more halving cycles
  • kentaddick
    kentaddick Posts: 18,729
    I'm sure that Bitcoin is going to go up in the long run and should be a lot more stable after a few more halving cycles
    Yep, the window of opportunity is relatively small. It’s definitely in a macro uptrend, no matter where you buy, in 5 years your investment will be far higher.
  • I'm sure that Bitcoin is going to go up in the long run and should be a lot more stable after a few more halving cycles
    Yep, the window of opportunity is relatively small. It’s definitely in a macro uptrend, no matter where you buy, in 5 years your investment will be far higher.
    Kent:
    If you got a bonus from work (spare cash) this week, would you put in all in crypto or bank , mixture, or neither?
    Feel free to ask me to mind my own business, but I value the thoughts of people that know intimately more about investment than I.
  • cabbles
    cabbles Posts: 15,254
    I'm sure that Bitcoin is going to go up in the long run and should be a lot more stable after a few more halving cycles
    Yep, the window of opportunity is relatively small. It’s definitely in a macro uptrend, no matter where you buy, in 5 years your investment will be far higher.
    Kent:
    If you got a bonus from work (spare cash) this week, would you put in all in crypto or bank , mixture, or neither?
    Feel free to ask me to mind my own business, but I value the thoughts of people that know intimately more about investment than I.
    @Rob7Lee also knows his onions mate.  Might be worth heading over to the savings and investments thread as well 
  • kentaddick
    kentaddick Posts: 18,729
    I'm sure that Bitcoin is going to go up in the long run and should be a lot more stable after a few more halving cycles
    Yep, the window of opportunity is relatively small. It’s definitely in a macro uptrend, no matter where you buy, in 5 years your investment will be far higher.
    Kent:
    If you got a bonus from work (spare cash) this week, would you put in all in crypto or bank , mixture, or neither?
    Feel free to ask me to mind my own business, but I value the thoughts of people that know intimately more about investment than I.
    What would your objectives with the money be? 
  • PopIcon
    PopIcon Posts: 5,970
    Is crypto regulated?
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  • No.1 in South London
    No.1 in South London Posts: 3,960
    edited May 2021
    PopIcon said:
    Is crypto regulated?
    Only Bitcoin for AML, as for trading regulation.......no
  • kentaddick
    kentaddick Posts: 18,729
    PopIcon said:
    Is crypto regulated?
    No. On/off ramps to fiat like Exchanges generally are though, so if there’s anything dodgy going on it’s easy to trace to some one. 
  • Just chatted to somebody that has given up his job to concentrate on trading crypto as this is providing him with a living. I on the other hand could give Montgomery Brewster a run for his money.
  • cabbles
    cabbles Posts: 15,254
    I’ve started following those Whale alerts tweets.  The replies are quite funny as there seems to be a lot of contention as to people being unable to work out when someone is dumping/selling versus buying 
  • No.1 in South London
    No.1 in South London Posts: 3,960
    edited May 2021
    Is there a liquidity crisis in the Sates???
    The Fed are buying back Corporate & US Treasury bonds in line with QE to reduce the printing of money which could result in a major sell-off of Crypto and Equities being just around the corner.
     This will continue as they need to stave off inflation. Reverse Repo Purchases hit $351Billion yesterday and has been rising steeply over the past couple of weeks and easing the money supply will result in liquidity drying up; Banks and in turn hedge funds have no doubt been over leveraging themselves. The next couple of weeks should be "interesting" as those same banks and hedge funds may be forced to sell off their assets to remain liquid.
  • balham red
    balham red Posts: 1,278
    cabbles said:
    I’ve started following those Whale alerts tweets.  The replies are quite funny as there seems to be a lot of contention as to people being unable to work out when someone is dumping/selling versus buying 
    The quantity of money going in and out is truly staggering.
  • kentaddick
    kentaddick Posts: 18,729
    cabbles said:
    I’ve started following those Whale alerts tweets.  The replies are quite funny as there seems to be a lot of contention as to people being unable to work out when someone is dumping/selling versus buying 
    Crypto into Binance/coinbase/exchanges means they’re selling, stablecoin into exchanges or crypto out of exchanges means they’ve bought. 
  • cabbles said:
    I’ve started following those Whale alerts tweets.  The replies are quite funny as there seems to be a lot of contention as to people being unable to work out when someone is dumping/selling versus buying 
    The quantity of money going in and out is truly staggering.
    On this point, when does a Crypto become too big to be allowed to fail. When a man is in debt is his problem, when a country is in debt it's a world problem. The scale of crypto investment is collosal, thus the number of interested parties must surely be a concern for governments. 
  • cabbles
    cabbles Posts: 15,254
    Possibly more dippage on the way