Crypto Crazy

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Laura
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Re: Crypto Crazy

Post by Laura »

Bottom post of the previous page:

Fwiw wrote: Mon Sep 27, 2021 12:20 am
Laura wrote: Fri Sep 24, 2021 9:07 pm A "plummet" would be to below $42 not $42,000 :roll:
And just like that we back to 43k 😂

BTFD and HODL and DCAD FTW

Fwiw
So that 2% up is therefore a 'rocket'.
IIRC only 5% of btc is traded?
Next month will be the fun time, when the dollar implodes.
"Human beings are poor examiners, subject to superstition, bias, prejudice and a profound tendency to see what they want to see rather than what is really there." - M. Scott Peck
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Laura
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Re: Crypto Crazy

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https://www.zerohedge.com/markets/hamst ... and-sp-500

A Hamster Trading Cryptos Since June 12 Is Up 24% And Has Outperformed Bitcoin And The S&P 500

Image


The hamster trades from an area called the "Goxx Box", which is an office attached to the hamster's home that allows the hamster to perform "various exercises" that execute crypto trades.

The hamster first runs on an "intention wheel" that picks one of 30 cryptos to trade. Then it runs through a "decision tunnel" that determines whether its trade will be a buy or a sell.
"Human beings are poor examiners, subject to superstition, bias, prejudice and a profound tendency to see what they want to see rather than what is really there." - M. Scott Peck
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Re: Crypto Crazy

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"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Re: Crypto Crazy

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"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Re: Crypto Crazy

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"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Re: Crypto Crazy

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"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Re: Crypto Crazy

Post by Pixel8r »

Here is the latest Teather marketcap which shows how the amount of Tethers is continuing to go exponential. As I have talked about previously in the thread and Mike is heavily talking about in the vid above. The creation of tether is a Ponzi that is driving crypto prices.

Image
"Money is Gold, and nothing else"
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Re: Crypto Crazy

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"Money is Gold, and nothing else"
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Re: Crypto Crazy

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"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
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Laura
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Re: Crypto Crazy

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This could be something.. Or a total nothing...??
"Human beings are poor examiners, subject to superstition, bias, prejudice and a profound tendency to see what they want to see rather than what is really there." - M. Scott Peck
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Re: Crypto Crazy

Post by Laura »

The insightful John Kim
(he who said Brown sold the UK gold to bail out the Squid).
This is about reverse repo
https://skwealthacademy.substack.com/p/ ... source=url

Before I speak of a market that has grown sixty times in size in less than a year, let me provide a little bit of context to this growth with a brief intro and setup. There is literally no one I’ve met in the BTC community that agrees with my assessment that BTC was a Central Bank/State sponsored creation to divert money away from gold to help prop up the US dollar. This doesn’t mean this hypothetical person that understands my BTC origin story doesn’t exist.

I feel as if I met a number of BTC investors over the years that seemed to want a “feel-good” origin story attached to BTC, like it was an invention of the most altruistic, cypherpunk to walk planet Earth (as “Satoshi” has never cashed in a single satoshi of his massive multibillionaire fortune in BTC) to free mankind from the chains of fiat currencies, yet know deep down inside that this origin story is likely false. Such a belief is necessary to counterbalance the incessant greed that reigns over the cryptocurrency community displayed by the larger players and to validate the HODL meme, and such a fairy tale origin story is exactly what is necessary to convince investors to HODL against their best interests.
......

Thus, a quick and dirty explanation of why the ONRRP market exploded by more than sixty times in less than a year is the following: Due to relentless QE and low interest rates for thirteen years following the 2008 global financial crisis, US commercial banks have excess massive cash reserves and would rather park them overnight with the Feds in the ONRRP market rather than use these excess cash reserves to invest in stocks as they normally do or to buy cryptocurrencies, as erroneously predicted by BTC analysts after BTC ETFs and ETPs were introduced. Simply translated, this means that commercial banks would rather settle for a tiny yield than to invest in assets in which they don’t favor the current risk: reward payout.
"Human beings are poor examiners, subject to superstition, bias, prejudice and a profound tendency to see what they want to see rather than what is really there." - M. Scott Peck
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