Crypto bottoms when we have our next "world event" similar to covid pandemic

The smart crypto miners claim their mining payments as income on their taxes and pay taxes on the initial earning. Then when the price drops you can sell for a capital loss to help offset a capital gain of a stock. Since the IRS counts mining payments as income, and counts crypto as a property, it can be a capital gain or capital loss when you sell it.

Mr. Cheese, you posted this on 4/27/21:

"Sell XRP when it hits 5$ in the end of august/beginning of september. It will be above 3.50$ ...

XRP bullrun ends in August very near 5$. It will be above 3.50$ for 3-4 days, tops. You heard it here first."

XRP didn't get anywhere NEAR $5 or $3.50 as you forecasted. WHY SHOULD ANYONE TAKE YOU SERIOUSLY?

Are you another hopium salesman like Bo Polny, making wild predictions that hardly ever come true and then cherry-picking your VERY RARE correct calls? Even a broken clock is right twice a day!

Then new lows in 2023. Fed won't pivot for close to 6 months.

crypto and NFTs are basically like stocks. Actually NFTs are more like stocks than crypto is because NFTs usually come with perks for supporting an organization (like being a shareholder of a game development company for example).

Just a note:

Weekends are truly the wild, wild west for crypto trading or scalping. The "adults" are definitely not in charge.

That said, I have made bank trading weekends, but it is far more stressful than during the week.

Likely has a lot to do with the weekly candle close Sunday evening.

of course, the real emotional attachment, Mr. Cheese,
is needing TA to work so you can call the bottom,
buy in and make a huge pile of money as BTC
skyrockets to $70k for no reason other than "4 year
cycles".

What you think of Cardano?
I feel that it will be the chosen platform.

OP

are you familiar with Crypto Savy's bubble pop pattern?
[link to www.youtube.com (secure)]

I don't see a 10k bottom. I'm leaning towards a 3.5k - 4k bottom. Given the Fed rate will keep hiking and won't pivot until the fed rate flips 2yr bond rate.

https://imgur.com/a/gk0aw2I

yeah, that's it. they selling at a loss as a tax
writeoff, not because they're out of cash.

Is there a way to make free money that does not involve retards?

BTC is the horse and buggy of crypto and will end up on the scrap heap. No amount of tortured technical analysis will save its unsustainable infrastructure from going to zero.

Yeah it's definitely that. It's other things too. The bitcoin futures/ETFs are closed on weekends too. The stock market is closed on the weekends too. The us dollar index(dxy) is closed on saturday and sunday too. The dxy is a big part of how bitcoin knows what to do. All these things are tied together.

I agree that trading on weekends is suicide unless you have a rock solid harmonic pattern. I usually don't trade weekends anymore. I can always wait until the next weekly candle opens.

Yes. Government contracting.

So I should put all my life savings into Bitcoin next month?

No!!

I have a surprise for you. You are right that this chart is going to crash again. It's going to crash again in march of 2024 when we have our next fake pandemic just in time for our next fake presidential elections.

Look at the 2019 starting in this chart. It's the top of the last cycle. When this chart bottomed, it was the march 2020 covid crash.

I've said it a billion times but they are going to lock us down again. It will either be in 4-5 weeks, or it will be in march 2024. Or both.

Ok I will byte

which one of the 1000s of crypto will be adopted and used by the public



none

btc is the horse and buggy, you are right. But if that horse and buggy wasn't dragging all the shitcoins up and down then they would all just die and never do anything ever again.

Bitcoin is the only thing that generates fomo among normies. You think they give a shit about cardano or litecoin or matic? lol. Bitcoin-mania is what creates crypto bubbles. Without bitcoin, this entire game ends.

in my opinion, none of them will ever be adopted by normies.

in my opinion, they are all ponzi schemes.

in my opinion, all that adoption talk is the 'jim jones koolaid' and you just love how sweet it goes down.

It's not hard money like gold

Because it depends on internet and electricity

Ppl don't trust it

Bitcoin bottom never hits until the whales have put shallow pocketed miners out of business. we're talking 3-6 months of unprofitable mining. Maybe longer now that things are more established.

People don't trust it for good reason.

If you don't hold it (you're not the one with exclusive access to it, whatever it may be, and able to deny that access to others), then you don't own it.

The only way (literally, the only possible way) to hold a digital asset is by first creating it, and then not sharing it with anybody. Ever. Period.

If it's been shared, then it's been copied, and if it's been copied, then you can't possibly own it. In fact, you can own any crypto as much as you can own these words.

This is not just semantics. It also has nothing to do with copyright, or some such (bullshit) law. It is about the very nature of information.

All cryptos, by nature, have been shared (as information) with others, if for no other reason, then simply to be "verified".

You can't just make up a random string of bits, and then claim that that string is 1 BTC (worth $20K, or something), can you? It first has to be "verified" (copied) by some "authority".

All the "enrypted" wallets, "exchanges", and similar crap, come only after crypto bit-string has been "verified".

Honestly, I think that no "authority" in the case of cryptos (undoubtedly NSA for BTC and ETH, Russian and Chinese equivalents for some other "coins"... and just your regular, run-of-the-mill scammers for all the rest) cares, in the slightest, about crypto's "value" (which is the same as the value of dead cat's head in that Zen koan).

All they care about is copying whichever bit-string they're interested in into their database, and once that happens... they can do literally anything they want with it... including selling it to an even bigger fool than the one that gave it to them (for "verification") in the first place.

I sometimes try to put myself in the heads of all the crazies who believe that cryptos are actually worth something (on their own, and completely independently of the task they were designed to perform, like code-breaking, solving hard mathematical problems for military purposes, and such), but... I find those levels of (literal) insanity far too great even for me... and I'm used to playing a lunatic... from time to time, when needed.

Yep, every single one is a Ponzi scheme. They will ALL go to zero.

The lotto got to over $2 billion and people will always have FOMO (i.e. that mind set: "what if I bought Shiba between August 2020 through April 2021 and sold on October 25, 2021.") A person literally could have bought $1 worth of Shiba and that could have turned to over $15 million if sold at the right time.

Saying Crypto will crash and be wiped out is like saying the lotto and gambling are going away. Neither will happen because people love to gamble.

And government regulations won't shut crypto down either or they would have already. The reason is they can't. They may cause some hurtles but like in the past, don't cause any real impact what so ever.

Thoughts on PAXG?

I would like exposure to gold but can’t risk having physical and don’t want to pay to store some, so this or vault chain(kitco) seemed like a decent option, but was worried about PAXG’s reliance on ETH.

nope, your wrong. each major short pullback has been around 72-78% decrease, longest wave was 14 months, shortest was 9 months, all up swings are much shorter in length but frequently exceed 600% from the previous bottom.

we are nearing the bottom, but not yet, some way to go yet before id say "BUY!" look for the $13000 mark to start seeing price rejection and dont keep your trade live for longer than 4 months!

Funny you should mention that...

Was looking at options that would allow for self custody off-exchange, no risk exposure to Stablecoins (eg Tether) and protection from fiat inflation to ride out a possible wide scale Crypto collapse. PAX Gold is an ERC20 token and seemed to fit the requirements.

Haven't executed on this idea yet, but would also be curious what others think.

One could also just buy gold and physically hold it too with Crypto if you wanted to go that step further too.

Well, that may be what's happening:

https://twitter.com/_/status/1591273265154392066