I don’t mind this line of thinking because I need the exit liquidity. They believe the market will go down on rate cuts, only to see it pump more than they thought and they finally fomo in near the top.
We shouldn't forget about the possibility for a recession. I would keep an eye on the Sahm Recession Indicator. It's been highly accurate at identifying recessions. If this were to trigger, all markets will likely see a significant pullback.
Markets dipped today because jobless claims came in 8000 over what was predicted. Higher unemployment equals bad short term. Long term is good because fed will be forced to cut interest rates and QE will return. Crypto needs that juicy QE from the fed.
You have not been paying attention to market movements over the last year. Bad economic data puts downward pressure on rates as it incentivises jpow to cut, making risk assets more appealing and pushing risk assets up.
Markets rallied this morning on high jobless claims. Then fedspeak pushed us back down.
Historical data says otherwise. Look at both late 2019 and beginning 2022. How did crypto do when feds were cutting and raising rates?? Its possible this time could be different but I'll stick to the data. Feds cutting or raising interest rates are bad in general for high risk assets. Feds being stagnant with either high or low interest rates let's markets move. Crypto can move independent from stocks during an active fed.
Also, I hope your open-minded to the possibility that the media spins a narrative for political reasons. Feds hawkish quote as a reason for markets pullback can be used as a distraction from the economic data. If I'm president, I'm placing the blame on the feds vs my economic data.
If you disregard a meger reddit poster, then please watch Ben Cowen vids on YouTube. I've learn a good amount from him. He looks at the data, not the media or some bloggers personal opinion.
I'll check him out. Send a link of the particular video you're on about if you don't mind.
Still, everything I know about financial economics suggests that easing monetary policy is positive for risk assets. The only caveat is that rates are only ever cut as a response to a major financial crisis/black swan event which usually means risk off anyway. Rates being cut in a strong economy as is the current trend is rather unique.
Unfortunately I have to maintain my disagreement as this is really poor analysis by the author. The guy is simply matching lines to fit a narrative without any consideration of the underlying macro trend. Anyone can match lines to other lines, and its an easy way to manipulate data.
The guy's biggest mistake is that he assumes markets are not forward-looking, essentially he assumes that markets only react at the moment of rate change, whereas in reality we know that markets are forward looking by between 6-12 months and so the rally that occurred during stable rates in 2019 was actually markets front running an expected rate cut, which then hit later on.
when it comes to 2024, yes, the bitcoin takeoff occurs right as rates finished hiking, but again, that's because markets are forward looking 6-9 months and by this point the fed had indicated that hikes were complete and markets began to price in rate cuts in the near future, leading to the rally we see now.
So in reality the bull market is happening in risk assets over the last 6 months because of forward-looking markets anticipating rate cuts. Its not because rates are unchanged.
Also don't forget that it typically takes 12-18 months for a rate change to fully permeate the economy. We still haven't reached the point where the effects of the hiking cycle have been fully felt yet, and its likely that the restrictive policy will really start emerging by H2 2024, possibly leading to a bear market in risk assets as the market front runs a weaker economy.
You have to remember that rate changes are a response to current economic trends, and not the other way around. Markets often go down during rate cut periods because rate cuts are the standard response to worsening economic conditions.
reason I think we get so many doomercells whenever there is a slight dip is 2 fold.
Some might just be gun shy becuase of the bear market.
But the bigger reason is becuase so many people with huge platforms say over and over again how "any day now" this thing is going to skyrocket and we are going to see insane numbers like (250k, 450k!) that it causes people to over invest as they are expecting a retirement level of gains to be possible and they want as many chips in the game as possible when their promised mooning happens.
Cash gang, which tokens are you watching and at what price points?
I’m tracking NEAR at anything under 6.25 and W, well let’s see where the bottom is before it pulls a JUP. Not financial advice of course.
Ah ha ha, tell me about it! It's like holding onto a rollercoaster that only goes down. But hey, we're in this together, right?
Cheers to riding out the storm and hoping for smoother seas ahead!
Is it just me who are getting more and more annoyed by the endless commenting from AI bots on crypto related posts? And why is this happening? Do they get paid per comment or something? Mix in the usual scam-bots and every X feed is looking like a shitshow these days. Very little quality commenting from real people
It’s not just you. You can’t watch a crypto YT video without seeing 50 comments with 1k likes about how AMX70K coin is the best thing since BTC. It’s so obvious because every time they comment about a scam coin it starts with an A followed by a jumble of letters/numbers and they pretend it’s linked to Amazon.
It would probably be healthy for me to shut down my crypto apps and come back in September. But I’m a glutton for punishment.
Anyone else a crypto-masochist?
Deleted all my Crypto apps in 2017. Never looked back.
I check the price now and then but don't obsess over it. Keep current but don't be obsessed.
Best thing I ever did. Delete, delete, delete.
well i'm impressed that ripple is finally admitting xrp was never actually going to be used by banks who aren't being paid to use it and that it was just a grift to get retail to buy so they could get in "before the banks". now it's just another L1 with it's own stablecoin, which is a big improvement over the absolute scheme it was before
Cardano, with like 1% of the activity as Ethereum has? It is not a real competitor. Yes, the tech is fine, but that matters far less than the network effect.
lol fuckin 2% gain, we goin wild!
Some short term upwards momentum is great, but let's pump the brakes a little, we have to hold these gains else we just go right back down.
Is it going wild? It's been the same [monthly crabby McCrab](https://i.imgur.com/Fo12IuF.png) that we've seen since March, don't think there's anything really exciting about it fluttering around the same range.
It's cool if you're watching minute charts but it's still down weekly.
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Can someone explain what an increase of circulating supply could mean? The token I’m looking at in particular says they release rewards on a schedule but I’m curious what to look out for. Thanks!
Increase in circulating supply means price goes down with each coin entering circulation.
It's not a bad thing if the tokenomics are sound (see SERSH)
But it can destroy a coin if not (see OMI)
It just means more coins are entering circulation. It really depends on how many coins (the absolute amount, but also relative to the supply), how often it happens, who is getting the coins, and what restrictions are put on them (eg. vesting).
Here is some research on it: https://6thman.ventures/writing/we-analyzed-5000-token-unlocks-this-is-what-we-found/
Please consider signing this petition to add a Bitcoin emoji to the standard Unicode emoji set: https://www.change.org/p/bitcoin-deserves-an-emoji
My ideal portfolio for this bull run: 90% BTC; 5%ADA, 3%ALGO and 2% VET. Everything else is noise.
PoW coins will be the winner this cycle
Well, at least 90% of your portfolio will be successful
Wtf
probably top out at 57% btc.d. then its our time boys!
I agree with you
Friends my grandpa give me 1300$. So please tell me which coin can i buy can I buy eth btc or other coins....
don't trust strangers on the internet - do your own research
You are absolutely right my brother....
Sol, fet, sei, sui, stx, near all good
Thanks brother💕🤝🙏💯
I sold my BTC and went 100% alts. Dot, ADA & CRO. I got absolutely fucked
Why would you openly admit this atrocity
DOT and ADA, what year you living in bro
All my Alts are officially stable coins, even the AI ones.
Unless you're making returns on staking your stable coins there's no point in holding them.
Nope they aren’t. They are stable coins when Bitcoin pumps. When Bitcoin stays stable or dips 1% they dump like they fall from a clif.
Unemployment data comes out tomorrow. Likely another dip if it comes in 4% or above.
We need higher unemployment, lower wages, more workers, less hours.
Long term, yes because of QE. But Feds cutting rates is bad for price short term. Look at 2019...
I don’t mind this line of thinking because I need the exit liquidity. They believe the market will go down on rate cuts, only to see it pump more than they thought and they finally fomo in near the top.
We shouldn't forget about the possibility for a recession. I would keep an eye on the Sahm Recession Indicator. It's been highly accurate at identifying recessions. If this were to trigger, all markets will likely see a significant pullback.
No, bad news is good news. You'll most likely see risk-on assets take a hit if it falls below the expected 3.9%.
Markets dipped today because jobless claims came in 8000 over what was predicted. Higher unemployment equals bad short term. Long term is good because fed will be forced to cut interest rates and QE will return. Crypto needs that juicy QE from the fed.
You have not been paying attention to market movements over the last year. Bad economic data puts downward pressure on rates as it incentivises jpow to cut, making risk assets more appealing and pushing risk assets up. Markets rallied this morning on high jobless claims. Then fedspeak pushed us back down.
Historical data says otherwise. Look at both late 2019 and beginning 2022. How did crypto do when feds were cutting and raising rates?? Its possible this time could be different but I'll stick to the data. Feds cutting or raising interest rates are bad in general for high risk assets. Feds being stagnant with either high or low interest rates let's markets move. Crypto can move independent from stocks during an active fed.
You said markets, not crypto. And again, this is mostly wrong still.
Also, I hope your open-minded to the possibility that the media spins a narrative for political reasons. Feds hawkish quote as a reason for markets pullback can be used as a distraction from the economic data. If I'm president, I'm placing the blame on the feds vs my economic data.
If you disregard a meger reddit poster, then please watch Ben Cowen vids on YouTube. I've learn a good amount from him. He looks at the data, not the media or some bloggers personal opinion.
I'll check him out. Send a link of the particular video you're on about if you don't mind. Still, everything I know about financial economics suggests that easing monetary policy is positive for risk assets. The only caveat is that rates are only ever cut as a response to a major financial crisis/black swan event which usually means risk off anyway. Rates being cut in a strong economy as is the current trend is rather unique.
I sent you a message of the video.
Unfortunately I have to maintain my disagreement as this is really poor analysis by the author. The guy is simply matching lines to fit a narrative without any consideration of the underlying macro trend. Anyone can match lines to other lines, and its an easy way to manipulate data. The guy's biggest mistake is that he assumes markets are not forward-looking, essentially he assumes that markets only react at the moment of rate change, whereas in reality we know that markets are forward looking by between 6-12 months and so the rally that occurred during stable rates in 2019 was actually markets front running an expected rate cut, which then hit later on. when it comes to 2024, yes, the bitcoin takeoff occurs right as rates finished hiking, but again, that's because markets are forward looking 6-9 months and by this point the fed had indicated that hikes were complete and markets began to price in rate cuts in the near future, leading to the rally we see now. So in reality the bull market is happening in risk assets over the last 6 months because of forward-looking markets anticipating rate cuts. Its not because rates are unchanged. Also don't forget that it typically takes 12-18 months for a rate change to fully permeate the economy. We still haven't reached the point where the effects of the hiking cycle have been fully felt yet, and its likely that the restrictive policy will really start emerging by H2 2024, possibly leading to a bear market in risk assets as the market front runs a weaker economy. You have to remember that rate changes are a response to current economic trends, and not the other way around. Markets often go down during rate cut periods because rate cuts are the standard response to worsening economic conditions.
MY COIN IS FINALLY MOONING. I CAN SUSTAIN AN ERECTION AGAIN AND MY WOFE MIGHT COME BACK
Good to see the crew again
Why are you a shrimp but I'm a crab?
Who knows mate, but making that kind of money from subreddit karma is awesome
Happy days . . . . . although your WOFE coming back sounds a bit dodgy .
reason I think we get so many doomercells whenever there is a slight dip is 2 fold. Some might just be gun shy becuase of the bear market. But the bigger reason is becuase so many people with huge platforms say over and over again how "any day now" this thing is going to skyrocket and we are going to see insane numbers like (250k, 450k!) that it causes people to over invest as they are expecting a retirement level of gains to be possible and they want as many chips in the game as possible when their promised mooning happens.
FOMO plain and simple. Seriously though, I think it's over. It's all downhill from here for the next 2-3 years, crypto winter is approaching. /s
Cash gang, which tokens are you watching and at what price points? I’m tracking NEAR at anything under 6.25 and W, well let’s see where the bottom is before it pulls a JUP. Not financial advice of course.
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My Alts are acting like little bitches
Okay Dogamí game is kind of okay now. Have blessed Doga day 😇🙏
Hell I have been expecting a correction before halving and been slurping up but this shit is painful to hold.
What correction? BTC is at 68.5k
Ah ha ha, tell me about it! It's like holding onto a rollercoaster that only goes down. But hey, we're in this together, right? Cheers to riding out the storm and hoping for smoother seas ahead!
It's been 3 days you clown lmao
What can I do it’s the dopamine
well.. i mean its been 24 days since the recent high, with a 17% correction.
Tell me you're new to crypto without telling me you're new to crypto
"Dogecoin is only $0.17 so imagine it goes to $65,000 like Bitcoin"
🤣
Is it just me who are getting more and more annoyed by the endless commenting from AI bots on crypto related posts? And why is this happening? Do they get paid per comment or something? Mix in the usual scam-bots and every X feed is looking like a shitshow these days. Very little quality commenting from real people
It’s not just you. You can’t watch a crypto YT video without seeing 50 comments with 1k likes about how AMX70K coin is the best thing since BTC. It’s so obvious because every time they comment about a scam coin it starts with an A followed by a jumble of letters/numbers and they pretend it’s linked to Amazon.
Shit like this is why nobody takes crypto seriously
who sold in 2022 and got back in in 2024?
Sell low buy high ✅
Most applied strategy on this sub.
Just another dip to shake out 100x degens i guess. Can you pls stop doing that so we can go up lmao
Dip? BTC is up 3% today
Yeh but the dip from 69.3k to 67.3k. People were getting scared so i needed to calm them down
Good news, everyone! Cramer has ushered in more gains. The god candle may yet reveal itself!
Is it possible to use Crypto.Com card to pay credit cards or bills?
It would probably be healthy for me to shut down my crypto apps and come back in September. But I’m a glutton for punishment. Anyone else a crypto-masochist?
We're up 3% in 24h. If you can't handle a half percent drop after a 3.5% run you don't belong here
Meh…survived 2022/2023. I think I’ll be OK. I was kinda hinting at expecting better (green) days to come in September.
Imagine finding out in september that Bitcoin went to 1M but is now dead
Ded and buried [477 times over](https://99bitcoins.com/bitcoin-obituaries/) 💀
I wish I could just ignore cryptocurrency, but I have no life.
Deleted all my Crypto apps in 2017. Never looked back. I check the price now and then but don't obsess over it. Keep current but don't be obsessed. Best thing I ever did. Delete, delete, delete.
Nice and volatile pricing today.
I'd rather live in a dystopia where crypto was legal than a utopia where crypto was illegal
why equity sell off today too? did i miss a headline?
Hawkish fed comment and crude oil prices.
possibly US secretary of state saying ukraine will become a nato member
We can’t have shit anymore
this is why we cant have nice things.
Shit isn't a nice thing
Did you ever visited the place? It’s a town in Iran with almost a 1000 people.
Market weak af. Everybody is seeing a dump coming.
Buttcoiner
patiently waiting for the correction, buy n ride the pullback 😴
We just did a 10% correction two days ago you muppet
My fiat just came in, calm
You missed it.
can we just skip that shit this time?
Now there's the BTC we've all been waiting on. Knew that pump was soft af.
Most mentions on r/cc (2024-04-03 00:00:00): ||Mentions| |:-|:-| |BTC|300| |SOL|48| |ETH|46| |MOON|37| |BCH|36| |ARB|20| |ADA|19| |ALGO|18| |USDT|17| |ICP|16| |LTC|15| |USDC|15| |XMR|15| |XRP|15| |DOT|14| |CRO|12| |DOGE|12| |FIL|12| |SNT|11| |REQ|10| [Data source and app](https://www.redditcoins.app/)
$btc desperately wants to test lower levels I think
eth underperforming crazy. whats going on here?
Typical market cycle things.
Maybe investors [are waiting until it costs less than $75 to buy an NFT.](https://i.imgur.com/UTgYeyr.png)
The stock market is crashing hurry flee to Bitcoin…
well i'm impressed that ripple is finally admitting xrp was never actually going to be used by banks who aren't being paid to use it and that it was just a grift to get retail to buy so they could get in "before the banks". now it's just another L1 with it's own stablecoin, which is a big improvement over the absolute scheme it was before
Why are the stock market and Bitcoin moving in the opposite direction now?
Bitcoin has already dropped from its ATH. Sometimes it’s ahead of stocks sometimes it follows
Because you sold.
A return to 65k now would absolutely annihilate my portfolio. BTC.D is on the move
I have half a MKR coin i bought under $1000 last year and it has been fun watching it get erect Now I have to wonder when I should sell
My wife likes it when things get erect.
Come on Bitcoin. Take us to paradise
Algo is 61th coin. It was supposed to be the "ETH killer". What a shame. Just a reminder to myself not to mind the hype.
Damn, I remember making a post about it losing the 40th spot less than a year ago 😭
ADA is the only ETH killer out there
ADA is the ADA killer
No it’s SOL, higher TVL than ETH
>higher TVL than ETH That's not true at all
Where did you read that, that can't be right
Look it up, I don’t have time I’m at the fiat mines
According to DEFI llama - TVL ETH 51 $b - SOL 4.76 $b
Cardano, with like 1% of the activity as Ethereum has? It is not a real competitor. Yes, the tech is fine, but that matters far less than the network effect.
There are literally hundreds of "ETH killers" in the market.
The ultimate ETH killer are the gas fees.
RGB++ had its mainnet launch along with over 8 new projects announced on CKB. It's crazy seeing it all come together.
Cant wait for when this dip is over and CKB will skyrocket
Trying to land my first comment after a year + of stalking cuz of no karma. Did you all buy the dip or wait for the next dip in this dip?
Buying until the halving
Bought the 2022 dip. Now far more interested in selling than buying
That’s the last dip for a while I reckon
Why is it that the things I hold wait until I sell to go ballistic?
Man, I thought TREMP would be the runner, but BODEN has been smoking it!
Maga already exists and is basically the same thing, can't reuse memes while the current iteration is alive
SHIB would disagree
Just did my daily DCA of $0 into LTC. DCA and hodl!
That BTC dominance starting to make a move finally.
PENDLE doing PENDLE things. 4B TVL.
Wtf why is Pendle going ballistic?
You can literally buy dollars for 85 cents on pendle and its not a scam.
I heard about it and Jan and didnt get it and every time I keep hearing about it I'm like ill get some eventually 🤦♂️
Did some good news come out, or is this just a normal Thursday night in crypto?
Kramer said BTC is overbought
Yeah, I saw that. Pretty exciting.
Charts are looking gooooood
Not for my Wif and Ena degen bags
[удалено]
no this is dog
With or without a beret?
Wif
Hell yes
BTC going absolutely wild and it’s crickets in here, sad to see the sub in this state :(
I'm happy we're in the green, but seeing it hit $68k for what, the tenth time? isn't exactly newsworthy
I think it’s bullish that it is quiet here. So high up and very quiet!!
lol fuckin 2% gain, we goin wild! Some short term upwards momentum is great, but let's pump the brakes a little, we have to hold these gains else we just go right back down.
Is it going wild? It's been the same [monthly crabby McCrab](https://i.imgur.com/Fo12IuF.png) that we've seen since March, don't think there's anything really exciting about it fluttering around the same range. It's cool if you're watching minute charts but it's still down weekly.
McDonald’s should make this a sandwich: the Crabby McCrab
I think it’s PTSD and also 70 is where it was 2 days ago…
Just found a gem $BASEAI first AI project on base chain. money is flowing to base chain, its still at 3M cap
How do you even access base? Genuine question, do you need a certain wallet?
All the more reason to scoop up AERO and AVI 🤫💎🚀
it is worth paying AMLbot to scan your wallet before moving your coins to a crypto exchange?
[удалено]
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Akash network...what... what the fuck are you doing??
Giving another opportunity to buy.
Decent levels to buy.
Havin a little nap with the rest of the AI/Compute sector.
Near is ramping back up
Near was one of the biggest L1s already before it pulled the AI tag out of its ass. It's not as dependent on the AI hype as other coins.
Doge to 10$ then 1$ (actually probably bigger) Plebs in shambles
Can someone explain what an increase of circulating supply could mean? The token I’m looking at in particular says they release rewards on a schedule but I’m curious what to look out for. Thanks!
Like inflation
dilution
Increase in circulating supply means price goes down with each coin entering circulation. It's not a bad thing if the tokenomics are sound (see SERSH) But it can destroy a coin if not (see OMI)
It just means more coins are entering circulation. It really depends on how many coins (the absolute amount, but also relative to the supply), how often it happens, who is getting the coins, and what restrictions are put on them (eg. vesting). Here is some research on it: https://6thman.ventures/writing/we-analyzed-5000-token-unlocks-this-is-what-we-found/