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Saving your money and investing it into crypto market will be the wisest thing to do to ensure success in return and while relaxing your money will be working for you
UBS news this morning. Crypto markets could be set for another "winter" of price crashes and could fail to recover for years, analysts at investment bank UBS have warned, as clouds gather to take the shine off digital assets.
Interest rate hikes from the Federal Reserve in 2022 are set to dent the appeal of cryptocurrencies such as bitcoin in the eyes of many investors, the analysts, led by James Malcolm, said in a note to clients on Friday.
That's because rising interest rates are putting paid to arguments that bitcoin is a good alternative currency or store of value, they said.
Other factors are the technology has a lot of shortcomings, and regulation could stymie the development of the industry.
Warren Buffet and Charlie Munger warned it would end badly for many crypto investors as he did prior to the the dot coms collapse in the 90's. With such an amazing tracking record to say the least, I find it difficult to understand how so many choose to ignore his advice............once again it appears that he's right. Just google Warren Buffet/ bitcoin.
Singapore news, they are stopping banks and businesses from advertising Crypto. They said that they are trying to deter speculation and stop high risk in their nation. Crypto's are Speculative get rich dream by the rich to create risk to economies. Singapore’s financial regulator told companies in the cryptocurrency industry to refrain from advertising their services to the public, in line with the city-state’s desire to curb retail speculation in volatile digital assets.
Is anyone buying lunch with their awesome crypto currencies today? It’s still considered a currency, correct?
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Indicators are just tools to frame the market. Any good Technical Analyst knows that it's not 100%. We mainly use them to reference the price movement. Understanding market structure and the ability to read naked charts are more important. However, effectively using indicators can also be advantageous.
We have the stock indices. We have the vix. And we have crypto, which is basically the new “greed index.” It’s a multi level marketing scheme when put nicely and a pyramid scheme when being brutally honest. It’s only successful because people will buy as long as they think it will work. That’s despite the fraud, costs and energy behind this phantom asset. That makes this, like I said, basically a fomo gauge of greed.
Crypto currencies are a scam. It’s pure speculation, like Tulip Bulbs. Crypto is not stocks, bonds, gold, silver or even diamonds. It’s value is based on pure speculation. Stocks are driven higher based on fundamentals more than speculation, but stocks do have fundamental underlying value. Crypto has zero underlying value except what someone else thinks it has, but if you had to liquidate crypto what would you end up with.
Bitcoin has peaked... I been running some numbers ... and if the current trend continues, Bitcoin will have dropped from 92% of BitPay transactions in 2020 to 38 to 8% range by end 2022. The 8% number is calculated based on doge, shiba, and litecoin having the same success as ether and other stable coins as methods of payment. By end of 2023, Bitcoin will be less than 1% of transactions. This does not account for the wildcard ...which is government regulation across the industry impacting crypto currencies appeal as an investment. And lets not forget about QE ending and rate increasing in all countries.
Lots of downward momentum building today.
Many countries are banning bitcoin because it uses to much energy.
Europe will soon ban bitcoin and that will be the end.
What Is Bitcoin?
Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin’s creator, Satoshi Nakamoto, originally described the need for “an electronic payment system based on cryptographic proof instead of trust.”
Each and every Bitcoin transaction that’s ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. That’s by design: Core to their decentralized nature, Bitcoins aren’t backed by the government or any issuing institution, and there’s nothing to guarantee their value besides the proof baked in the heart of the system.
“The reason why it’s worth money is simply because we, as people, decided it has value—same as gold,” says Anton Mozgovoy, co-founder & CEO of digital financial service company Holyheld.
Since its public launch in 2009, Bitcoin has risen dramatically in value. Although it once sold for under $150 per coin, as of October 26, 2021, one Bitcoin now sells for more than $62,000. Because its supply is limited to 21 million coins, many expect its price to only keep rising as time goes on, especially as more large, institutional investors begin treating it as a sort of digital gold to hedge against market volatility and inflation.
BTC shouldn’t even exist as 1) it has no value 2 ) no regulations and as a fact it is a pyramid system , so government interaction is on the agenda of many countries , lately EUROPE 3) Their goal is to steal your money and 4) there is no accountability whatsoever 5 ) It does support criminal activities and 6 ) 200 terawatt hours is needed for bitcoins only in 2022 ( One year ) . This is the amount of wasted energy for most big countries for one year. This while our climate is burning down our planet ! Stop stealing away the future of the younger future generations and invest in trees not BTC , tokens etc…
It's sad that people don't still believe in the power of crypto and Forex .. Crypto have made many millionaires Including Myself
Its sad how many people here continuously pump bitcoin and investment services to the uneducated investors. No warning regarding how if your money gets stolen, no way of getting it back.
People, use common sense! If Bitcoin was something of real value, no one would be begging you to purchase it. For example, I only tell people my trades after I have started accumulating. Than, I tell people when I get out. Why? Cause I dont want to compete and overpay for my investments.
Nice thing about Bitcoin is that 20% of the investors have troubles selling to get out...they run into all kinds of issues such as not having access to coin, not remembering account, finding account missing coins, having exchanges be down .... nothing like preventing people from selling and getting out of an investment to keep its price up!
Bitcoin investments/assets right now will be the biggest franchise in the entire world. Quote me anywhere, Investing in Bitcoin (BTCUSD) can seem complicated, but it is much easier when you break it down into steps. Investing or trading Bitcoin only requires an account at a service or an exchange, So I'd advise you invest those funds of yours in Bitcoin. Start building your future now
Anyone have the contact information to the creator of this currency? I have a few questions I want to directly ask him or her.
Bloomberg news a few minutes ago. "Bitcoin dominance in the Crypto space starts to fall". No buyers except for pumpers like Saylor and his buddies propping it up. Bitcoin will never be an asset because it is an overhyped, overprices Speculative get rich scheme.
What is your price prediction for Bitcoin in February 2022?
There are 5 possible scenarios that can happen until February next year, which is 5 months from today.
Absolute worst-case scenario - $30,0000
The bull run is over, Tesla sells their Bitcoins, El Salvador stops their Bitcoin program, new FUD is loaded, NFTs are actually just a fad and Snoop Dogg changes his profile picture on Twitter back again, because he’s too ashamed of having spent $20M on NFTs. Bitcoin goes back to $30,000 or less.
Worst case scenario - $100,0000
Bitcoin only gets 1 ETF, no other country of Fortune 50 company acquires Bitcoin and it only goes to $100,000. NFTs are fancy profile pics, but only some artists use them.
This should still give us a 10x alt-season still.
Average case scenario - $150,000
Bitcoin gets 3 ETFs, 1 Fortune 50 company acquires $1B in Bitcoin and Venezuela, Paraguay adopt Bitcoin as legal tender and Bitcoin goes to $150,000. The majority of Top 100 artists have an expensive NFT ($100,000) as their profile pic for social media. It’s a requirement to be seen as cool and if you don’t have one, you’re not invited to the cool parties, don’t get cool collabs and don’t sell your songs that well. This is already the case right now in a small way.
This should still give us a 10x-20 alt-season and a few 100x coins (LUNA, GET, PRE, CHZ, KIN, THETA).
Best case scenario - $200,000
Bitcoin gets 5 ETFs, 3 Fortune 50 companies acquire $1B in Bitcoin and Venezuela, Paraguay, Brazil and Uruguay adopt Bitcoin as legal tender and Bitcoin goes to $200,000. This should still give us a 20x alt-season with many 100x returns and several 1,000x returns (GET, KIN).
Having a cool and expensive NFT is the most important thing to advance your career, get good jobs and succeed in interviews. Employers will ask you why didn’t you purchase a Galactic Punk when they were just $2,000. They will seriously doubt your understanding of technology and pop culture, because it was so obvious. On the other hand, if you have a non-tech job such as a nurse, construction work or in the service industry, you will have the highest social status, because you’re soo cool and everyone wants to hang out with you.
Having a cool NFT is like having a MSc in a way, if you don’t have one, you will not be given a leadership position in a company, because of your lack of understanding of the real world, pop-culture, technology, finance, investing.
Absolute best case scenario - $300,000
Bitcoin and Ethereum get 10 ETFs each and there are several ETF with crypto indices of the Top 10 cryptos and also maybe Top 100 cryptos. Almost all Fortune 50 companies acquire $1B in Bitcoin and the tech giants acquire $10B at least. Bitcoin is now a must have. Venezuela, Paraguay, Brazil and Uruguay adopt Bitcoin as legal tender this year still and the USA, Canda and most of Europe follows in Q1 2022. This should still give us a 100x alt-season with many 100x returns and many 1,000x returns for already existing coins (GET, KIN, ANC) and coins that don’t even exist yet.
The traditional finance system is revolutionized, digitalized, and decentralized in one big avalanche.
NFTs rule the world and your birth certificate, car ownership, house-ownership, university degree, marriage certificate will be stored as an immutable NFT on the blockchain.
I think, we get case 3 or 4 and see a $150,000-$200,000 Bitcoin within the next couple of months and very certainly a 4 and 5 in the next couple of years.
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