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Not really political but why is Bitcoin falling? I thought it was the predicted safe haven
Posted on 1/21/22 at 3:38 pm
Posted on 1/21/22 at 3:38 pm
Equity markets are down 10% and the rush of investors to crypto that many were predicting is not happening. Anyone have a guess what's going on or where people are moving their investments? Even precious metals are pretty flat, bonds aren't doing much. Outside of real estate investments where are the savvy investors moving their wealth?
16
Posted on 1/21/22 at 3:39 pm to Bass Tiger
I just figured it out......used cars....up 37% YOY 
Posted on 1/21/22 at 3:39 pm to Bass Tiger
Will this negatively effect crawfish prices?
Posted on 1/21/22 at 3:40 pm to Gifman
quote:
Will this negatively effect crawfish prices?
We don't know yet.
Posted on 1/21/22 at 3:41 pm to Bass Tiger
The new exchanges are allowing futures with margin to be traded...just like stocks.
Posted on 1/21/22 at 3:42 pm to Bass Tiger
quote:Because it's stupid. With $7 trillion of funny money floating around, Gen Y/Z had to put money SOMEHWERE.
but why is Bitcoin falling?
Posted on 1/21/22 at 3:42 pm to Bass Tiger
A lot of it too is that those child credit monthly checks have ended and people don’t have the extra cash to buy right now,
Posted on 1/21/22 at 3:42 pm to SalE
quote:
The new exchanges are allowing futures with margin to be traded...just like stocks.
So the prediction of millions of people piling into crypto if the equity markets tumble is not going to happen?
Posted on 1/21/22 at 3:42 pm to Bass Tiger
Nervous people do nervous things . I would think this idea of American digital currency would shut out crypto but feds would be starting a big big issue with that
Posted on 1/21/22 at 3:43 pm to SalE
quote:
The new exchanges are allowing futures with margin to be traded...just like stocks.
Billions have been liquidated from retail too. Crazy
Posted on 1/21/22 at 3:43 pm to Bass Tiger
Anyone pitching crypto as a safe haven is a borderline scammer. And I say that as a massive long term bull. It’s still very much a risk on asset
Posted on 1/21/22 at 3:44 pm to LSUAngelHere1
quote:
A lot of it too is that those child credit monthly checks have ended and people don’t have the extra cash to buy right now,
That Magic Funny Money is behind nearly everything that's destroying this nation and economy.
Posted on 1/21/22 at 3:46 pm to Bass Tiger
The BTC market has ceded a lot of market share away from retail and into the hands of the hedge fund types and institutions. This was awesome when it soared to almost $70k on the back of companies like Tesla adding it to the balance sheet, but it did mean that BTC became correlated with the traditional markets, specifically the NASDAQ. While retail likes BTC for the network properties, specifically scarcity so it could act as an inflation hedge, hedge fund types are going to trade it when they deem the timing is right.
As inflation reads have become readily worse, pressure has built on the Federal Reserve to taper their asset purchases, suck the excess money they helped get into the market out of the market, and eventually raise interest rates. The expectations of these things are major negative catalysts to all of the markets, and in the eyes of the hedge funds they want to dump assets they deem riskier (crypto and the NASDAQ are first up on the chopping block) and move to risk off equities or cash to try and time the market.
If you are all in on the BTC thesis, you are probably annoyed at the NASDAQ correlation but ultimately view this as a buying opportunity and believe that the volatility of crypto is the price you pay for performance. You likely also believe that a hawkish Fed is unsustainable and friendly monetary policy will return in due time.
As inflation reads have become readily worse, pressure has built on the Federal Reserve to taper their asset purchases, suck the excess money they helped get into the market out of the market, and eventually raise interest rates. The expectations of these things are major negative catalysts to all of the markets, and in the eyes of the hedge funds they want to dump assets they deem riskier (crypto and the NASDAQ are first up on the chopping block) and move to risk off equities or cash to try and time the market.
If you are all in on the BTC thesis, you are probably annoyed at the NASDAQ correlation but ultimately view this as a buying opportunity and believe that the volatility of crypto is the price you pay for performance. You likely also believe that a hawkish Fed is unsustainable and friendly monetary policy will return in due time.
This post was edited on 1/21/22 at 3:50 pm
Posted on 1/21/22 at 3:48 pm to Bass Tiger
Just like the Duke brothers...margin call gentlemen..end of the day ( week) all accounts are to be settled.
Posted on 1/21/22 at 3:48 pm to Bass Tiger
Off subject but I am pretty sure I saw a kiosk yesterday where you can buy crypto. It was at a convenience store. I was in a hurry and didn't have time to look it over but I think I saw what I think I saw. Am I nuts?
Posted on 1/21/22 at 3:50 pm to Bass Tiger
Ever tried to get change for a Bitcoin? 
...you'd know then!
...you'd know then!
Posted on 1/21/22 at 3:51 pm to Bass Tiger
Does anyone not watch any business news ever?
They've been talking about making a digital currency out of the Fed since last spring.
Had another big announcement yesterday.
Fed Releases Long-Awaited Digital Currency Paper
They've been talking about making a digital currency out of the Fed since last spring.
Had another big announcement yesterday.
Fed Releases Long-Awaited Digital Currency Paper
Posted on 1/21/22 at 3:54 pm to Bass Tiger
Failing?
It’s definitely falling. You are still up $900 - $1000 on the year and $35k at 5 years.
Now if you bought in when it was way up and didn’t get out, yeah you’ve lost a bunch.
If you bought 1 bit coin for $1,000 you still have a $35k gain rt now.
It’s definitely falling. You are still up $900 - $1000 on the year and $35k at 5 years.
Now if you bought in when it was way up and didn’t get out, yeah you’ve lost a bunch.
If you bought 1 bit coin for $1,000 you still have a $35k gain rt now.
This post was edited on 1/21/22 at 3:58 pm
Posted on 1/21/22 at 4:01 pm to Diamondawg
quote:
Off subject but I am pretty sure I saw a kiosk yesterday where you can buy crypto. It was at a convenience store. I was in a hurry and didn't have time to look it over but I think I saw what I think I saw. Am I nuts?
No, you're not nuts. I've seen them too. They have one at a Circle K in Baton Rouge.
Posted on 1/21/22 at 4:02 pm to dgnx6
quote:
It’s definitely falling. You are still up $900 - $1000 on the year and $35k at 5 years.
This. Lol, this thing skyrocketed from 40K to almost 70K in a month. Did people really think it would push past 70K and not have some sort of correction?
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