Crypto from The Technical Perspective of Experts

MontyMacaw on 31/05/2022 - 00:22
Last edited 31/05/2022 - 00:44

I was watchin’ Bloomberg the other dayyyy. As I does due to me havin a paid subscriptions. There were a group of specialists with similar sorts of views whens it comes to them there cryptos.

Theys reckons that Bitcoin looks like going to US$8000 (not Canadian) based on the technical analysis. A comments was made that technical is all that youse can goes on. Because what else is there?

A few months agoooo I recall posting on this here forums that Bitcoins would be testin US$30k and being put down for it as it was north of $60k ats the time. And look now at what has happened just latelys.

One of these guyses says his fund once bought Bitcoin at $20k’s and sold for $40k’s. Asked if’n he was gonna buy again he said no. He also said there were so many thousands of cryptos out there and mosts of them were worthless or soon enoughs would be.

It was clear that the consensuseses seems to be growing by financial types of DEGENS that Crypto has peaked and is now the realm of a bunch of yahoos, not the company either. CAN CONFIRM.

So PITTER PATTER there on your commmets on this subject. ITS NOT MY FORTE.

Financial

Comments

  • SF3 on 31/05/2022 - 00:36
    +11

    Sound like your profile picture doing to talking.

    • MontyMacaw on 31/05/2022 - 00:46

      HARD NO

      • SF3 on 31/05/2022 - 08:56
        +3

        Yes.

        You post hard read.

        • Sleeqb7 on 31/05/2022 - 12:16

          It took me a while, but they're writing it in the style of Wayne from Letter Kenny.

          It's cooked, but I get the reference.

    • Brodo Faggins on 31/05/2022 - 20:16

      I think an eshays is writing this. Bloody parrot indeed.

  • [Deactivated] on 31/05/2022 - 03:05
    +12

    There are no experts. That said, crypto is based on nothing. Some countries have adopted it, but only out of desperation because, as bad as it is, their own currency is worse.

    Some people made a lot of money. Some people lost a lot of money. Who can predict whether it will double or halve in value? No one. Not the experts, and definitely not the pump and dump crowd that are always bullish.

    • mskeggs on 31/05/2022 - 07:45
      +3

      I could not agree more strongly with this.
      Even if you think there is a role for a public ledger, there is zero reason it should be one of the expensive existing ones - just make a free copy.

      It is like people are investing in the light from the first electric light bulbs. The value isn’t the light, it is the technology that can be copied, and the idea that somebody mints a new bulb and sells you the light is absolute nonsense.

      To put it another way. When the internet was newer, there were internet “banks” . The story was this new tech would change the world (true), would enable new markets and value (true) and the internet banks would replace those silly bricks and mortar banks (nonsense). The first two are the stage we are in with crypto.

      But, but , DAOs or NFTs? Don’t make me tap the sign.

  • Overclocked91 on 31/05/2022 - 06:23

    It will go to the 200ema 24-25kish. We will have a pump to 36-37k and back down for the last leg/capitulation. Not financial advice.

    • EightImmortals on 31/05/2022 - 09:05

      Yes it looks like it wants to test the weekly 200ma at around 22K (USD) which it hasn't done since 08/2020. Not enough data on the monthly chart (on my platform) to see what's up with that. On the upside it's being held back by the 200 MA's on the daily and 4 hr charts so would need to see both of them broken before I get excited about it. Monero has been holding up well through all of this.

      So yeah, not game to call it either way ATM.

  • TheBird on 31/05/2022 - 06:33
    +4

    Like anything that has perceived value, but no real value, it's worth is dictated by what someone is willing to pay.

  • matbargain on 31/05/2022 - 07:12
    +6

    Why are you talking like that?

    • MontyMacaw on 31/05/2022 - 09:39
      +1

      I figured a bit of colour in a post might be a nice change #Letterkenny #itsinfectious

      • Wardey69 on 31/05/2022 - 12:04
        +1

        And that what I appreciates about yous

      • matbargain on 31/05/2022 - 12:11

        What?

        • MontyMacaw on 31/05/2022 - 19:31

          You may want to YouTube Letterkenny Big Shooter

  • sjj89 on 31/05/2022 - 07:44
    +10

    Painful to read

    • sidesw1pe on 31/05/2022 - 10:39
      +1

      Glad I'm not the only one, I read with a cringe (couldn't make myself finish). Maybe I'm too serious lol.

  • avoidfullprice on 31/05/2022 - 08:12

    Cbf doing another rekt impression. I’m out of emoji

  • Bid Sniper on 31/05/2022 - 08:36
    +1

    y0 dAWG, U heRD oFFF pyRAMID, y0 meaAN bUTTsCAM

  • buckerooni on 31/05/2022 - 09:24
    +1

    According to Michael Saylor is bitcoinz r goin 2 tha moon!

    The interesting thing is the HODL mentality, there were enough of them when it crashed to 6K (IIRC) and that it didn't go to zero, which was a massive test, I expect the same HODL to continue so there won't be a total crash and it'll bounce back to some degree. I don't think it will go to zero for the forseeable future because of the HODLers.

    If tether is exposed for the ponzi scheme that it is along with other stable/algo/sht coins going south, this might hurt the confidence again and stop the 'next fool' from buying in, and if MicroStrategy gets a margin call, that'll be interesting too! or if Satoshi sells out :)

    my sub 5K errr…'investment' hasn't been doing too well the last 6 months!

    • AustriaBargain on 31/05/2022 - 09:29
      +1

      I'm still holding my TY Beanie Babies, they will be worth a fortune once the market recovers.

      • mskeggs on 31/05/2022 - 09:36
        +2

        My tulip farm has never been better!

  • DemocracyManifest on 31/05/2022 - 09:52
    +1

    It's tulip mania, thats all you need to know. It totally stuffed up PC pricing so children could mine memecoins

  • tonka on 31/05/2022 - 09:55

    Google tells me the worldwide value of crypto is 2 trillion. Just the USA GDP of Christianity is 15 trillion. Both are built on faith and air, preachers and zealots both promise loyalty will provide a good life and send you to heaven. Christianity is going strong after 2000 years. And at least with crypto there is some evidence to point to (and you can also buy drugs).

  • pegaxs on 31/05/2022 - 10:28
    +1

    The Letterkenny references are cringe-worthy to say the least.

    A few months agoooo I recall posting on this here forums that Bitcoins would be testin US$30k

    Source? Got a link to that comment?

    About the only thing I remember you posting was about was your "I cant lose, ask me how" winning roulette strategy you were trying to sell and how you got shut down by 99.9% of the people that responded to it. So much so that the mods closed it.

    • MontyMacaw on 31/05/2022 - 19:32

      Nice to be remembered 🥰 which one of the downers were you again?

  • sidesw1pe on 31/05/2022 - 10:46
    +1

    You'll always find an "expert" out there who will say the things you like to hear. Everybody has an opinion which they'll spout as fact. Best thing you can do is simply edumacate yourself and come to your own personal opinion.

  • netjock on 31/05/2022 - 11:14

    He also said there were so many thousands of cryptos out there and mosts of them were worthless or soon enoughs would be.

    This is the problem.

    If you are talking about smart contracts Ethereum could make a business but when you have another 10 coins trying to do the same thing and a limited market they are all going bankrupt.

    Also all the rug pull and hacks is going to turn people off.

  • Drakesy on 31/05/2022 - 11:20

    When even the experts have no clue thats when you know it's cooked.

    Wouldn't touch it with a 10 foot pole.
    100% hype, nothing actually dictates the price other than that. There's no performance indicators, nothing.

  • AndyC1 on 31/05/2022 - 12:01

    What a load of crud….

  • Switchblade88 on 31/05/2022 - 12:16
    +1

    Give your balls a tug!

  • MontyMacaw on 01/06/2022 - 08:54

    Bitcoin Seen at Risk of Resuming Slide If $29k Support Fails - Bloomberg

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