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Bitcoin will crash to 4000$ in 2022 June - July

 
Anonymous Coward
User ID: 83679120
United States
06/16/2022 10:20 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
[
2) There’s too much support for BTC even at the $20K level let alone $10K or $5K. Remember it’s not just held by crazy GLPers anymore. Now it’s held by hedge funds, pension funds, etc.
 Quoting: Shaun Kaven


Enron was, too.

Current value: $0.00


.
Anonymous Coward
User ID: 83679120
United States
06/16/2022 10:22 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
Then it just might crash up
To $40k
 Quoting: Anonymous Coward 75109169


it can't crash up if the miners go bankrupt.

at $4k for a few months, Bitcoin network falls apart.

.
Midwest Skeptic
User ID: 82248180
United States
06/16/2022 10:26 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
BTC and many cryptos will collapse, because the dollar and the euro are worthless, as the these fiat currencies down spiral to oblivions, many will rush to withdraw and convert their token to fiat to then either buy something tangible or to shift to other speculative investments strategies, that's for the smart guys that can even afford to lose it all without undermining their comfortable standard of living.

All the other schmucks will be wiped out, go bankrupt just when a global inflationary depression hits the whole global economy.

Cryptos are mostly tied to fiat, if suddenly fiat hyperinflate to become actually worthless, or if cryptos are made unconvertible to any fiat, the Ponzi crypto gambling scam would collapse overnight, leaving behind all the dumbed down brainwashed purist cointards holders and the stuck wannabe rich quick bagholders.

Not even mentioning the social meltdown as a result of many clueless idiots that would have lost third parties savings, that believed in their claims about paying them back double digits percentage return over their investment.
 Quoting: Anonymous Coward 82854957


This makes zero sense. Fiat is on its last legs. Our children won’t even know what paper money looks like. As inflation hastens, the value of crypto will sky rocket. As Thiel said, BTC is how we store value so it’s analogous to gold except undervalued by 100x.

I do believe there is fraud in stable coins but against the collapse of fiat, I’m rolling with crypto thank you very much.

BTC could never drop to $4K for two important reasons;

1) Fiat is too weak. That $4K is in dollar terms and the dollar is imploding
2) There’s too much support for BTC even at the $20K level let alone $10K or $5K. Remember it’s not just held by crazy GLPers anymore. Now it’s held by hedge funds, pension funds, etc.
 Quoting: Shaun Kaven


You are entirely underestimating the impact of leveraged margin accounts on the selling pressures to come, to include the pressure coming from near future world market sell offs. In my opinion this will wipe out all cryps with no utility value. XRP and XLM looked to be poised for survival, and prominence in any new system. Plenty more I'm sure I just haven't looked deep enough. Many exchanges will fold. Cream will rise. Raise cash and be ready to pounce if/when the brutal sell offs occur on these crypto's and lock em up in a wallet. Having money on exchanges is becoming too risky. Probably will need to buy assets like gold/silver right now, b/c when world markets collapse you won't be able to buy and delivery will be a roll of the dice. Cryps at least you can get in real quick and move the asset to your wallet.
 Quoting: Howdeedodat


MARGIN ... it didn't exist in previous sell offs of Cryptos, now it is everywhere and in LARGE amounts.

Exchanges are going to FAIL

People are going to be UPSIDE DOWN on their Margin Accounts and after their crypto is liquidated STILL OWE oodles of money

The selling, when it comes it can become disorderly since Crypto is NOT a regulated exchange ... so NO Fed help for the various Crypto Houses

I was around for the chaos in Chicago in 1987 ... it was BRUTAL there, much worse than on the more highly regulated stock exchanges.

A Lot of those traders could NEVER AGAIN be traders again after that event because they went broke and had to declare bankruptcy, and once you do that sticking a regulated exchange or clearing house with a LOSS you can never again be a "trader".

The Crypto World is getting set up for being a clone of those 4 days in Chicago in 1987 ... but unlike Chicago which had the FED come in and rescue the clearing houses such is NOT going to happen with Crypto.

IF you want to hold Crypto ... get it out of those dam clearing houses and into your own wallet on YOUR own computer!! (but use a separate computer that is ONLY on the internet when you actually make a trade)

Going to be an interesting summer/fall
Anonymous Coward
User ID: 83684513
06/16/2022 10:56 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
Then it just might crash up
To $40k
 Quoting: Anonymous Coward 75109169


it can't crash up if the miners go bankrupt.

at $4k for a few months, Bitcoin network falls apart.

.
 Quoting: Anonymous Coward 83679120


Exactly they will kill the beast bankrupt all miners. Currently costs around 13000 to mine a coin who will mine to sell it at 5000?

Hahaha. Hold everyone keep holding.
Anonymous Coward
User ID: 83684600
United States
06/16/2022 11:03 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
BTC and many cryptos will collapse, because the dollar and the euro are worthless, as the these fiat currencies down spiral to oblivions, many will rush to withdraw and convert their token to fiat to then either buy something tangible or to shift to other speculative investments strategies, that's for the smart guys that can even afford to lose it all without undermining their comfortable standard of living.

All the other schmucks will be wiped out, go bankrupt just when a global inflationary depression hits the whole global economy.

Cryptos are mostly tied to fiat, if suddenly fiat hyperinflate to become actually worthless, or if cryptos are made unconvertible to any fiat, the Ponzi crypto gambling scam would collapse overnight, leaving behind all the dumbed down brainwashed purist cointards holders and the stuck wannabe rich quick bagholders.

Not even mentioning the social meltdown as a result of many clueless idiots that would have lost third parties savings, that believed in their claims about paying them back double digits percentage return over their investment.
 Quoting: Anonymous Coward 82854957


This makes zero sense. Fiat is on its last legs. Our children won’t even know what paper money looks like. As inflation hastens, the value of crypto will sky rocket. As Thiel said, BTC is how we store value so it’s analogous to gold except undervalued by 100x.

I do believe there is fraud in stable coins but against the collapse of fiat, I’m rolling with crypto thank you very much.

BTC could never drop to $4K for two important reasons;

1) Fiat is too weak. That $4K is in dollar terms and the dollar is imploding
2) There’s too much support for BTC even at the $20K level let alone $10K or $5K. Remember it’s not just held by crazy GLPers anymore. Now it’s held by hedge funds, pension funds, etc.
 Quoting: Shaun Kaven


You are entirely underestimating the impact of leveraged margin accounts on the selling pressures to come, to include the pressure coming from near future world market sell offs. In my opinion this will wipe out all cryps with no utility value. XRP and XLM looked to be poised for survival, and prominence in any new system. Plenty more I'm sure I just haven't looked deep enough. Many exchanges will fold. Cream will rise. Raise cash and be ready to pounce if/when the brutal sell offs occur on these crypto's and lock em up in a wallet. Having money on exchanges is becoming too risky. Probably will need to buy assets like gold/silver right now, b/c when world markets collapse you won't be able to buy and delivery will be a roll of the dice. Cryps at least you can get in real quick and move the asset to your wallet.
 Quoting: Howdeedodat


MARGIN ... it didn't exist in previous sell offs of Cryptos, now it is everywhere and in LARGE amounts.

Exchanges are going to FAIL

People are going to be UPSIDE DOWN on their Margin Accounts and after their crypto is liquidated STILL OWE oodles of money

The selling, when it comes it can become disorderly since Crypto is NOT a regulated exchange ... so NO Fed help for the various Crypto Houses

I was around for the chaos in Chicago in 1987 ... it was BRUTAL there, much worse than on the more highly regulated stock exchanges.

A Lot of those traders could NEVER AGAIN be traders again after that event because they went broke and had to declare bankruptcy, and once you do that sticking a regulated exchange or clearing house with a LOSS you can never again be a "trader".

The Crypto World is getting set up for being a clone of those 4 days in Chicago in 1987 ... but unlike Chicago which had the FED come in and rescue the clearing houses such is NOT going to happen with Crypto.

IF you want to hold Crypto ... get it out of those dam clearing houses and into your own wallet on YOUR own computer!! (but use a separate computer that is ONLY on the internet when you actually make a trade)

Going to be an interesting summer/fall
 Quoting: Midwest Skeptic 82248180


Exactly cointards don’t understand with margin they can literally pay fiat to lower the price. They can pump in a billion to lower the price regardless of who holds.

Think of it as people saying I’ll borrow a coin at 30K and sell it back to you at 100. These transactions lower the price and exchanges must allow it. All that funny fed money is being spent well dropping alternatives to zero.
Anonymous Coward
User ID: 83684600
United States
06/16/2022 11:05 PM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
[
2) There’s too much support for BTC even at the $20K level let alone $10K or $5K. Remember it’s not just held by crazy GLPers anymore. Now it’s held by hedge funds, pension funds, etc.
 Quoting: Shaun Kaven


Enron was, too.

Current value: $0.00


.
 Quoting: Anonymous Coward 83679120


Enron also didn’t have a coordinated margin attack against it. They will gleefully spend a trillion killing it.
Anonymous Coward
User ID: 83679120
United States
06/17/2022 12:01 AM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
Then it just might crash up
To $40k
 Quoting: Anonymous Coward 75109169


it can't crash up if the miners go bankrupt.

at $4k for a few months, Bitcoin network falls apart.

.
 Quoting: Anonymous Coward 83679120


Exactly they will kill the beast bankrupt all miners. Currently costs around 13000 to mine a coin who will mine to sell it at 5000?

Hahaha. Hold everyone keep holding.
 Quoting: Anonymous Coward 83684513


as i said before, cascading failure. imagine six
pallbearers, one stumbles and the others now carry
16% more weight, causing a second to stumble etc.

.
TerraFirma's Esoterrorist

User ID: 58851912
United States
06/17/2022 12:14 AM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
BTC and many cryptos will collapse, because the dollar and the euro are worthless, as the these fiat currencies down spiral to oblivions, many will rush to withdraw and convert their token to fiat to then either buy something tangible or to shift to other speculative investments strategies, that's for the smart guys that can even afford to lose it all without undermining their comfortable standard of living.

All the other schmucks will be wiped out, go bankrupt just when a global inflationary depression hits the whole global economy.

Cryptos are mostly tied to fiat, if suddenly fiat hyperinflate to become actually worthless, or if cryptos are made unconvertible to any fiat, the Ponzi crypto gambling scam would collapse overnight, leaving behind all the dumbed down brainwashed purist cointards holders and the stuck wannabe rich quick bagholders.

Not even mentioning the social meltdown as a result of many clueless idiots that would have lost third parties savings, that believed in their claims about paying them back double digits percentage return over their investment.
 Quoting: Anonymous Coward 82854957


This makes zero sense. Fiat is on its last legs. Our children won’t even know what paper money looks like. As inflation hastens, the value of crypto will sky rocket. As Thiel said, BTC is how we store value so it’s analogous to gold except undervalued by 100x.

I do believe there is fraud in stable coins but against the collapse of fiat, I’m rolling with crypto thank you very much.

BTC could never drop to $4K for two important reasons;

1) Fiat is too weak. That $4K is in dollar terms and the dollar is imploding
2) There’s too much support for BTC even at the $20K level let alone $10K or $5K. Remember it’s not just held by crazy GLPers anymore. Now it’s held by hedge funds, pension funds, etc.
 Quoting: Shaun Kaven


You are entirely underestimating the impact of leveraged margin accounts on the selling pressures to come, to include the pressure coming from near future world market sell offs. In my opinion this will wipe out all cryps with no utility value. XRP and XLM looked to be poised for survival, and prominence in any new system. Plenty more I'm sure I just haven't looked deep enough. Many exchanges will fold. Cream will rise. Raise cash and be ready to pounce if/when the brutal sell offs occur on these crypto's and lock em up in a wallet. Having money on exchanges is becoming too risky. Probably will need to buy assets like gold/silver right now, b/c when world markets collapse you won't be able to buy and delivery will be a roll of the dice. Cryps at least you can get in real quick and move the asset to your wallet.
 Quoting: Howdeedodat


MARGIN ... it didn't exist in previous sell offs of Cryptos, now it is everywhere and in LARGE amounts.

Exchanges are going to FAIL

People are going to be UPSIDE DOWN on their Margin Accounts and after their crypto is liquidated STILL OWE oodles of money

The selling, when it comes it can become disorderly since Crypto is NOT a regulated exchange ... so NO Fed help for the various Crypto Houses

I was around for the chaos in Chicago in 1987 ... it was BRUTAL there, much worse than on the more highly regulated stock exchanges.

A Lot of those traders could NEVER AGAIN be traders again after that event because they went broke and had to declare bankruptcy, and once you do that sticking a regulated exchange or clearing house with a LOSS you can never again be a "trader".

The Crypto World is getting set up for being a clone of those 4 days in Chicago in 1987 ... but unlike Chicago which had the FED come in and rescue the clearing houses such is NOT going to happen with Crypto.

IF you want to hold Crypto ... get it out of those dam clearing houses and into your own wallet on YOUR own computer!! (but use a separate computer that is ONLY on the internet when you actually make a trade)

Going to be an interesting summer/fall
 Quoting: Midwest Skeptic 82248180



Margin
"Keep a weather eye to the chart on high and go home another way"

–James Taylor Never Die Young
Waffles

User ID: 62401603
United States
06/17/2022 12:34 AM

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Re: Bitcoin will crash to 4000$ in 2022 June - July
wow anybody that bought shit coin on margin is a super tard..

thought they were gonna get a Lambo in every color only to find out they got uber reckt.
-------------------------------------
Waar maker

User ID: 83702571
South Africa
06/18/2022 08:21 AM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
bump
They Kingdom come They will be done on earth as it is in heaven.
Anonymous Coward
User ID: 80638429
United States
06/30/2022 10:19 AM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
epiclol
Anonymous Coward
User ID: 83877422
Germany
07/21/2022 02:49 AM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
[link to www.rt.com (secure)]

Elon Musk’s electric car company has sold off 75% of its Bitcoin holdings
Anonymous Coward
User ID: 82867616
United States
07/21/2022 03:11 AM
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Re: Bitcoin will crash to 4000$ in 2022 June - July
Then it just might crash up
To $40k
 Quoting: Anonymous Coward 75109169


it can't crash up if the miners go bankrupt.

at $4k for a few months, Bitcoin network falls apart.

.
 Quoting: Anonymous Coward 83679120


Exactly they will kill the beast bankrupt all miners. Currently costs around 13000 to mine a coin who will mine to sell it at 5000?

Hahaha. Hold everyone keep holding.
 Quoting: Anonymous Coward 83684513


$13k is a fake number to influence suckers.

it's the MPG cost to move a car 25 miles

it ignores car cost, loan, insurance, etc.

true mining cost is almost $40k.

.





GLP