1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

[IWasntMadeToPlayTheSon]

Any worries that ppl are going to start dumping their ether after the merge? My thoughts are it could happen if you’ve been staking your ether as I have, on Coinbase waiting for eth2. Is it unreasonable to think ppl are going to cash out, since they couldn’t do any trades or withdrawals with their ether during staking period?

 

[JJ Lions]

Any worries that ppl are going to start dumping their ether after the merge? My thoughts are it could happen if you’ve been staking your ether as I have, on Coinbase waiting for eth2. Is it unreasonable to think ppl are going to cash out, since they couldn’t do any trades or withdrawals with their ether during staking period?

Just watched a video touching on that. Start at 2:34. He says staked ETH will not be able to be withdrawn until withdrawals are enabled, which is scheduled to happen 6-12 months after the merge, so mid/late 2023. Then staked ETH gets slowly unlocked, max limit 40,000 per day out of 13 million staked ETH. So it doesn't happen all at once. So there is some time before all this actually starts and then it will happen slowly over time. 13 million staked ETH divided by 40,000 is 325 days, which will take it until 2024 sometime.

Ethereum Merge - 5.5 Things Investors Are Getting Wrong

 

[IWasntMadeToPlayTheSon]

Just watched a video touching on that. Start at 2:34. He says staked ETH will not be able to be withdrawn until withdrawals are enabled, which is scheduled to happen 6-12 months after the merge, so mid/late 2023. Then staked ETH gets slowly unlocked, max limit 40,000 per day out of 13 million staked ETH. So it doesn't happen all at once. So there is some time before all this actually starts and then it will happen slowly over time. 325 days, 14mil/40,000

Ethereum Merge - 5.5 Things Investors Are Getting Wrong

Good looks. But damn a year lol prob for the best tho

 

[Virtuous_Brotha]

Facts. Take a look at what Elon just did with Tesla selling off 75% of their holdings. shyt is obviously going lower and the next leg down is coming up as soon as all these folks who were shorting the market get taken out. Bulls and bears both are losing in this current trend.

The big takeaway is Elon still holding 25% and mentioned he is still open to increasing his holdings. He’ll be buying again once we are under 10k. The winklevoss twins did a similar move back in 2018 selling off right before capitulation and low and behold the bottom was right around the corner.

Look at the DXY chart the past 30 years and you can see the dollar is just getting stronger at the moment and won’t start falling until Q3/Q4 or 2023 onwards. The patient win this game.

Edit: actually i'll come back to you a week from now when it will allegedly be announced if we are in a recession or not lol

 

[mannyrs13]

for eth i guess it depends on how things look at the time. if nft market is popping, definitely may consider taking out one or two to try and test the waters on that, maybe even just half of one if the projects have low prices to start. we'll likely be further along into the metaverse by then so maybe there might be projects on eth chain that have potential so using some eth on that i may consider tho not as many projects and has to be something that looks decent. also depends on price at the time and how much rewards i am getting.

 

[JJ Lions]

@JJ Lions



They just sent over like 25k more coins.

Capo reading your post

 

[ConPHIdential]

Edit: actually i'll come back to you a week from now when it will allegedly be announced if we are in a recession or not lol

I wish I had the Usher’s “Watch this” gif on deck.

I would love for the price to not visit those lows but looking at it from another perspective it’ll create some serious opportunity to rinse and repeat with profits which Bitcoin has been doing since it’s beginning. My apologies to another poster about a year ago who stated we would go under 10k and I dismissed that in this thread. Let’s say we don’t go below five figures either but I strongly believe we will come close. What goes up just come down.

 

[ORDER_66]

Why is the market acting weird today???

 

[BornStar]

I havent been checking the market.. that 18k buy is looking ok right now



Yall still think it's going lower then 17k whats the word on that?

 

[cheek100]

I havent been checking the market.. that 18k buy is looking ok right now



Yall still think it's going lower then 17k whats the word on that?

Me personally, I’m done trying to predict prices. I’m here for the ride. This market is too bipolar.

 

[JJ Lions]

Yesterday, lots of whale movement, news of Elon selling 75% of Bitcoin earlier, little blip if that, now back over 23k, my portfolio solid green on 1hr/24hr/7day/30day. Bitcoin is just getting stronger as time goes on. Even just last year a tweet from Elon or news of China banning mining again had some impact, now it seems Bitcoin just shrugs it off and keeps it moving.

------------------
So next possible big movement is next week, 27th

"A 100bps OR 75bps HIKE?

Right now we’re seeing a 44% chance The Fed will hike by 100 bps at their July 27th meeting. On the other side we see a 56% chance The Fed will hike by 75 bps.

Both CPI and PPI data was higher than forecast, supporting the 100 bps view. However we have to keep in mind The Fed has not raised interest rates by 100 bps since February, 1982. The Fed has to be very careful about their message; what does it say if they suddenly, without prior signalling, raise by 100 bps? It would suggest they are panicking about inflation."

Next FOMC Meeting July 27th

What about Interest Rates?

medium.datadriveninvestor.com

 

[mannyrs13]

Don't matter if it's 75 or 100 if they keep raising it every time. Either one hurts. Plus I think upon options expire that week so they could have an effect. I wouldn't be surprised if we start heading back down over the weekend. Might see some profit taking tomorrow to end the week.

 

[mannyrs13]

If Atom can go up 50% and Link down 50%, that'd be great.

Nearly a month and for the past month Link is up 2.9% and Atom up 61%.


Should've thrown my btc money into atom but I didn't want to risk that money just in case.

 

[cheek100]

For the AMP holders in here (myself incl)

 

[JJ Lions]

Went to try Binance.us again because of the staking they have. Finally, got a debit card to work with the site, last year I couldn't.

Bought some MATIC, just a little to test it out, now staking it at 7.2%.

Anybody use Binance. us and stake over there?

This is what they have available:

Staking:
BNB - 5.30% APY
Solana - 4.50% APY
MATIC Polygon - 7.20% APY
AVAX Avalanche - 7.00% APY
ATOM Cosmos - 12.20% APY
GRT The Graph - 9.10% APY
LPT Livepeer - 18.00% APY
AUDIO Audius - 16.00% APY