Joined Dec 2007
L6: Expert
Forum Thread
ticking time bomb for cryptos
January 16, 2021 at
09:57 AM
Thread Details
Last Edited by Kouskous44 January 18, 2021 at 08:19 AM
Thoughts on this article?
I understand a lot of pro-crypto have their biases especially due to their exposures. however having experienced the housing crisis/gfc in 2007, I understand the unwinding of CDOs, CMOs, synthetics, etc. and when the liquidity dried up. The only reason the global economy didn't collapse was due to Central banks stepping in and injecting/providing liquidity. I wonder if this would happen for decentralized cryptos and have my doubts.
A lot of noise is being made about bitcoin running up to 100k+, but I think everyone thinks its a party until the music stops and exchanges run out of fiat or become insolvent with the demise of tether. I never realized the float was that large and think this is a huge black swan event.
I don't think its a crypto "killer" and see value in blockchain tech, but the collapse can cause a massive price shock and am concerned for those that are levered using money out of their retirement accounts or taking loans against their homes. Sure there is a possibility it may go on for a few more days or even years, and people in the ecosystem may say ill pull the money out before.... many said the same with other investments also before other collapses and were not able to do so.
Crashes happen when people least expect it.
https://crypto-anonymous-2021.med...dcf7
I understand a lot of pro-crypto have their biases especially due to their exposures. however having experienced the housing crisis/gfc in 2007, I understand the unwinding of CDOs, CMOs, synthetics, etc. and when the liquidity dried up. The only reason the global economy didn't collapse was due to Central banks stepping in and injecting/providing liquidity. I wonder if this would happen for decentralized cryptos and have my doubts.
A lot of noise is being made about bitcoin running up to 100k+, but I think everyone thinks its a party until the music stops and exchanges run out of fiat or become insolvent with the demise of tether. I never realized the float was that large and think this is a huge black swan event.
I don't think its a crypto "killer" and see value in blockchain tech, but the collapse can cause a massive price shock and am concerned for those that are levered using money out of their retirement accounts or taking loans against their homes. Sure there is a possibility it may go on for a few more days or even years, and people in the ecosystem may say ill pull the money out before.... many said the same with other investments also before other collapses and were not able to do so.
Crashes happen when people least expect it.
https://crypto-anonymous-2021.med...dcf7
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While i appreciate your comment, its not about missing the train. Fortunatelty Ive made plenty and am agnostic on investment type; focusing on risk/reward.
What I dont appreciate when exaggerated narratives and false inference that crypto is a less risky investment, which it definately is not.
Again some people have to learn the hard way with mean reversion.
What I dont appreciate when exaggerated narratives and false inference that crypto is a less risky investment, which it definately is not.
Again some people have to learn the hard way with mean reversion.
Doge 500% 1 week 🚀😱
https://medium.com/@PotatoMcGruff.
What I dont appreciate when exaggerated narratives and false inference that crypto is a less risky investment, which it definately is not.
Again some people have to learn the hard way with mean reversion.
But seriously, when the tsunami hits, it is really difficult to stay afloat not get swept away. I'm not afraid to admit I hit NKLA KODK and while I think DOGE goes to $1 before cratering or it just becomes a self fulfilling prophecy from what was supposed to be the court jester. Just go with the flow. AAPL AMZN this week though and next
Cathie Wood is our whale
And those who recently bought doge also took a blood bath. 😉
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And also quickly fades away till the next hype given the buy the rumor and extreme leverage used. Characteristic of a typical pump and dump.
Pretty quiet when crypto is dropping... again characteristics of a pump and dump.
Elon taking down btc and tesla at the same time
hahahahahahahahahah
Already down over -33%. SD members they would have taken a big hit now if they took this advice.
Sure it may pump again, but those that shill crypto eventually will dump on you. They need "fresh blood" to keep the ponzi going...
Btc now down over 50%.
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So, we are back to February? Oh nos.
A week ago, I posted on my twitter feed that 30k was in play.
Guess what number we bounced from....on the nose?