Crypto dip

[canuckg]

Heard the sharps are scooping up this sale

eth and btc down 20% last 24 hrs

 

[BobbyFK]

Do you foresee the price going back up?

 

[canuckg]

Yes

 

[JDS]

I hope you weren’t holding a lot during the dip with your BETUS payments.

 

[Wagerallsports]

Japan’s stock market just took a huge dive too for concerns about the U.S. economy

Any ties or coincidence?

 

[Wagerallsports]

Warren Buffet is selling everything

China is buying all of the Gold

Bad times may be coming

 

[jjgold]

It could go down to 10,000 nobody knows remember it operates on itself. It is not even a hedging tool very dangerous.

 

[djefferis]

Massive swings in stocks seem to be the “norm” for presidential election years. Volatility is always gonna be there when your talking big changes in who is in charge of spending and the economy.

Only natural this spreads to other asset classes - like crypto.

Eth is up YTD nearly 45% - Btc is no slouch at 38%. These results are reflective of the past - but with a loomimg election and people covering their asses from other big swings and taking profit - we will see more turbulence.

Won’t surprise me to see those numbers looking more like 25% and 20% at year end. Doesn’t mean it’s a bad time to hold if your in at a decent price point - just better time to hold and if you have losses elsewhere - trim the losers and some of the winners for offset of tax purposes - then buy back in similar assets if you still like the sectors.

 

[dhristov211]

Heard the sharps are scooping up this sale

eth and btc down 20% last 24 hrs

You bet we they are

 

[jjgold]

The only people that make money in financial markets are long-term holders if you’re trying to guess and trade this on a daily or weekly type thing you’re going to get destroyed

 

[quantumleap]

Warren Buffet is selling everything

China is buying all of the Gold

Bad times may be coming

Yeah, I heard Buffet sold almost half his AAPL stock, to $84 billion from $140 billion.

 

[canuckg]

I hope you weren’t holding a lot during the dip with your BETUS payments.

Nah

 

[JDS]

Nah

Smart guy always knowing the right decision.

 

[jjgold]

It’s the same old thing the suckers get caught, and all the sharps got out, then the sharps by low and all the suckers buy it and pump up the price and the sharp sell again and keep getting richer

 

[Tanko]

Yeah, I heard Buffet sold almost half his AAPL stock, to $84 billion from $140 billion.

He's a "always buy at the bottom" kind of guy so I'm assuming he's consolidating profits now in preparation for buying later.... when/if we go into recession.

I would love to hvae inside info on his trades. We'd all be rich SOBs.

 

[torontogyal]

Do offshore books hold crypto on hand? If so, how do they manage these downswings and should we caution on holding large balances on such books during times like this?

 

[jjgold]

That’s a good question if they hold it they’re getting killed

The problem with bitcoin there’s people that control the price cause they have so much of it

 

[kostasmalina]

That’s a good question if they hold it they’re getting killed

The problem with bitcoin there’s people that control the price cause they have so much of it

Nobody controls it. It's the market. You can bet Michael Saylor is going to go to town this week and add another 5-10% to his already massive stake in BTC.

Just watch and see