- This topic has 17 replies, 2 voices, and was last updated 5 months, 3 weeks ago by [deleted].
- Friday, June 17th, 2022 at 18:55 #310862gilmeyeParticipant
There are three options
the stock market has hit the bottom.
From now on only green days.
All that talk about inflation was wrong. The world is not going into a recession. The fed is worng.
The crypto market will break away from the global economy. No more correlation between BTC and the stock market.
We still haven’t reached the bottom. We are going to dump even more in the next half a year minimum.
BTC will get to 18-14k max
As you can easily see I believe in number three. No one can time the market and DCA and stuff but really…. We have a long way down and a lot of pain is yet to come. Don’t use money you will need in the next year and stay safe. I’m going to look at the calendar more than the BTC price. If we hit 18k in the next month I will wait for more pain. This will take time to heal. I really think the bottom will not be set soonFriday, June 17th, 2022 at 18:58 #310867jakekick1999
I shall go with option 3 considering the state of the entire world currentlyFriday, June 17th, 2022 at 18:59 #310879[deleted]
[deleted]Friday, June 17th, 2022 at 19:00 #310878Shryke123
Plenty of factors indicate that the bottom has already formed.Friday, June 17th, 2022 at 19:00 #310863Visible_Expert_7085
I thought we were near a bottom 2 months ago, thats when I started buying/bulking up. Lost a few hundred bucks but hey, its the thought that counts. If the market turns around, at least you grabbed what you can. If it doesn’t turn around, thats more time for price to decrease and provides even better entry points.Friday, June 17th, 2022 at 19:01 #310868KevinAlexandr
We can either go down, up or sideways, got itFriday, June 17th, 2022 at 19:05 #310869fan_of_hakiksexydays
Or option 4, none of the above, because the situation is a little more complex, with many moving parts, and not as overly simplistic as those 3 options.
There’s a lot of moving parts, and therefore a lot of scenarios.
For instance, it could come down to oil prices and OPEC politics. Lower oil could boost the supply chain, and lower the price of transportation of goods, and the price of goods. And as a result lower CPI numbers for inflation.
Which in turn means lowering the Fed rate basis point.
We also don’t know what’s going to happen next with the war in Ukraine. Nothing that has happened there so far has matched any expectation. We could really have something out of left field here, like Putin dying from whatever illness he’s been hiding.
And things aren’t as black and white.
For instance, we aren’t even perfectly, nor consistently 1:1 with stocks. The correlation has rarely even gone above 0.7 , let alone 1:1. And we’ve had many days this year, where Bitcoin went in the opposite direction to stocks.Friday, June 17th, 2022 at 19:05 #310870glowingmushrooms
what is your basis for 14K ? TA ?Friday, June 17th, 2022 at 19:07 #310871o_LUCIFER_o
So the conclusion is, we or anybody else for the matter of fact doesn’t know shit about fuck or fuck about shit. Got it.Friday, June 17th, 2022 at 19:07 #310866K24frs
If we go into a recession (I think we’ve been in one based on the gdp losses) it will be different then most of the recession in the past six decades.
We have the crypto market gaining traction, instant communication via smart phones and social media, for once we have a shortage of workers and not jobs and a pandemic was a major factor. All of the growth was almost inorganic which can’t be sustained.
I think it’ll stabilize organically and we will be better off.
That being said who the fuckity fuck knows!Friday, June 17th, 2022 at 19:08 #310872pukem0n
we are all just waiting for USDT to implode to get to the real bottomFriday, June 17th, 2022 at 19:09 #310864Wonzky
There’s a whole lot of macroeconomics that people seem to ignore. Goes way beyond just the US stock marketFriday, June 17th, 2022 at 19:11 #310865Plumbanddumb
It won’t bottom out until the majority of shitcoins are wiped out.Friday, June 17th, 2022 at 19:13 #310873Initial-Good4678
I think we need to be back to 2018 levels before the market feels normal again. All of that monopoly money being printed really screwed things up…That means the Dow at 24,500 and the Nasdaq at 7,600.Friday, June 17th, 2022 at 19:14 #310874ALiteralHamSandwich
It can still be the bottom and not only be green days from now on.Friday, June 17th, 2022 at 19:17 #310875DingDongWhoDis
I’m going with both options, 1 & 2.
Also, I’m closing my eyes so you guys can’t see me.Friday, June 17th, 2022 at 19:18 #310876jmmdp
Option3Friday, June 17th, 2022 at 19:32 #310877jam-hay
Who knows for sure. HODL and DCA
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