Finance/Crypto Crypto Megathread v38 - BTC 100k watch. You got lucky and it's just a bubble!

[TeTe]

Took my own FET call

Lets see

I actually bought a bunch yesterday LFG

 

[Strychnine]

Holy shit I just made one of the worst boneheaded moves ever.

I went to sell my MOG and rebuy to do a wash sale... and I went to do a "Max buy" thinking it was set to use my USD in Coinbase. Instead, it had my checking account selected.. and I ended up buying $15k worth. I called CB and they basically told me I was shit out of luck and had to sell it and withdraw it back to my account.

Which I did, but I took a $550 hit in fees. FML.

My only consolation is that I can write it off.

I've ALMOST made that mistake several times. I always double-check to make sure I'm using my USD on Coinbase first.

My wife would go NUCLEAR.

 

[TeTe]

I've ALMOST made that mistake several times. I always double-check to make sure I'm using my USD on Coinbase first.

My wife would go NUCLEAR.

Lol fortunately my wife and I have separate accounts.. at least the one I have tied to CB is just mine lol.

 

[TeTe]

lol stock market traders are clowns. Monetary loosening benefits M2 money supply yet theyre selling off cause god forbid the Fed is trying to maintain a normalized interest rate. It's like they expect rates to be close to zero again.

 

[TeTe]

So glad the paper hands can't handle a 4.25 percent Fed Funds rate next year.

 

[Strychnine]

lol stock market traders are clowns. Monetary loosening benefits M2 money supply yet theyre selling off cause god forbid the Fed is trying to maintain a normalized interest rate. It's like they expect rates to be close to zero again.

Yeah, The Fed just lowered interest rates.

Fed Signals Intent to Slow Interest-Rate Cuts After Approving Quarter-Point Reduction​

"The Federal Reserve agreed to cut interest rates by a quarter-point Wednesday but signaled greater doubt over how much and how fast it would reduce them going forward.

The latest reduction, which was approved by 11 of 12 Fed voters, will lower the Fed’s benchmark federal-funds rate to a range between 4.25% and 4.5%, a two-year low.


The Fed cut rates at its two previous meetings, beginning with a half-percentage-point reduction in September amid signs the labor market might be weakening. Officials approved a quarter-point cut last month.

Stocks fell after the Fed’s decision, and Treasury yields rose."

MSN

 

[kimocomplex]

Rip boys, hope ya leveled out

 

[TeTe]

Imagine selling off your stocks cause the Fed Funds rates is going back to more normal level and God forbid not zero again next year

 

[TeTe]

Rip boys, hope ya leveled out

Traders will be over it in two weeks. Looser monetary policies are what is needed for global liquidity. TradFi is just using this as an excuse to run up the bond market and take profits. It's all smoke and mirrors.

 

[TeTe]

The Fed cut rates at its two previous meetings, beginning with a half-percentage-point reduction in September amid signs the labor market might be weakening. Officials approved a quarter-point cut last month.

It's just such a contradiction on the markets part. The Fed signal they may not cut much in 2025 because of a strong dollar and labor market... yet currently it's "oh the labor market is weakening" because the Fed has been normalizing rates.

 

[TeTe]

Well if BTC can hold $100k through this paper handed event... It's a good sign.

 

[jesusisangry]

With all these profits I made …. I might buy another McDonald’s meal

 

[Versez]

Good fall today....i should have known better...with powell speech.

 

[Michaelangelo]

Fed really fucked everyone

 

[Rob Battisti]

Fed really fucked everyone

Me especially

 

[TeTe]

It's all going to zero

 

[Strychnine]

Bitcoin could soar to $500,000 if the US starts buying the token, crypto fund CIO says​

"

• Bitcoin could soar to $500,000 if Trump creates a national reserve, Bitwise CIO Matt Hougan said.
• The US creating a national stockpile will influence other countries to follow suit, he predicted.
• He said he sees bitcoin climbing to $200,000 in the coming year as demand continues to rise.

The establishment of a bitcoin national reserve could vault the price of the cryptocurrency to as high as half a million dollars, the CIO of the largest crypto fund manager in the US predicted.


Matt Hougan, the chief investment officer of Bitwise Asset Management, said he saw bitcoin potentially reaching $500,000 if the US creates a national bitcoin reserve, implying 380% upside from the coin's current price. Hougan told Yahoo! Finance recently that's the US buying bitcoin will drive more countries to purchase the crypto themselves.




"If we do get a bitcoin strategic reserve where the government is buying bitcoin … $200,000 bitcoin is going to be looking quaint. You're going to be looking at $300,000, $400,000, $500,000 bitcoin. It's just too big a story, because governments all around the world are going to have to do it," Hougan said."

MSN

 

[Chesten_Hesten]

 

[TheNinja]

Noice! I for one don't mind a bit of a dip b/c I've been looking to buy more and this seems like a decent time.
BTC, SOL, XRP, ADA - XRP and ADA obviously haven't reach ATH yet. I just gotta find some spare change during the Christmas present/travel season!

 

[TeTe]

I just saw there is a HarryPotterObamaPacman8Inu coin