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I hope you're right. The only pattern that exists with cryptos is the bull run after bitcoin halving, followed by a bear market. Movement is based on manipulation and current news. Hopefully institutional money will prolong the bull run and keep us from getting a huge crash.Originally Posted by pimike
Exactly
I see this falling under 2.00 before going to maybe 4-5.00
Walmart Announces Major Partnership With Litecoin (LTC) (yahoo.com)
Up 25 percent past hour.
Wow then it came right back down this crypto game can be a very scary investment if you trade from day to day. Buying in the lower markets & holding a much more gainful approach.
wow what a move up and then back down for ltc especially but even btc/others... huge volatility
LTC...
629am: $175
649am: $231
724am: $180
Wth is going on? Tether leveraging?
That’s correct and what i use to gauge my moves. Not sure how institutional money is going to change it anytime soon. Seems the whales still have a lot in the game and there smarter than ever. I don’t see how it changes right now, gl in crypto after a few months time. They proved in May with that big drop they run the show.
That fake news of Walmart buying Litecoin was a pump and dump.
If the new 3.5 trillion infrastructure Democratic bill passes they will initiate a new tax on all Crypto exchanges. It's in the bill. That's worrisome. That bill better not pass!!!
Ugh, there is so much about the current tax laws and the proposed tax laws that is so vague and hard to understand. They are kinda written from this perspective: "We don't really understand what is going on, all we know is we want a piece of the action". SMH. The good news is there is several people/groups that are pushing back so stay tuned.....
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Starting to hear some reports that this current bull run might run a little longer than last time. This is based on previous bull runs always going a little longer than the last. There may be rising action all the way till March 2022 or so. September (I don't think) will be a good month. However, things really should start picking up by November.
The powers that be in crypto world, sure know how to increase skepticism that it will be embraced as universal world currencies.
El Salvador: We're announcing we will make BTC a national currency.
Powers of Crypto World:[Palms rubbing together] Ohh, really? What's that you say? (bwahahaha)
Seems like since the announcement, the market has tanked.
Maybe it's just wishful thinking but institutions added so much money to the game that a drop to $5-10k seems impossible. It would drop that far if the 2011, 2013, 2017 pattern existed.
“We are at an advantage in grassroots organizing because we’re a structurally networked community,” Neeraj Agrawal, director of communications for Coin Center, told The Verge. “Everybody in cryptocurrency knows everybody else for the most part so information moves really fast across various social channels.”
"Advocacy groups and blockchain organizations were quickly able to direct their grassroots digital community’s energy toward the fight. Fight for the Future and the Electronic Frontier Foundation were able to prompt more than 40,000 calls to senators ahead of the bill’s final vote on the floor."
"Still, last week’s organizing efforts proved that the cryptocurrency community has grown into an impressive political force in Washington."
“It was really amazing to see how quickly they were able to turn that functionality on and get so many people involved,” Kristin Smith, executive director at the Blockchain Association said. “It’s definitely a turning point for the industry and I think one that will hopefully lead to better policy down the road.”
https://www.theverge.com/2021/8/18/2...ashton-kutcher
40,000 calls!! That's an average of 400 calls a Senator. And that's just one group.
No wonder, whenever i've tried to call Mitch or Rand's offices(Home or DC) to give my 2 cents, their inbox messaging systems always say they are full.
I never said 5-10k was gonna happen, those days are gone forever I think. What I’m saying is its going higher from here. What I can see is this is going month to month exactly like previous runs, literally within like a month of the previous ones. We still have a few months left to see how far it goes. But u should know better than anyone where it goes after. Not sure where this extended run some people wish will happen, It will affect how the cycle goes which to date hasnt changed.
Crypto stagnant gotta wait this dry spell out. Don't panic.
Algorand is blasting. Congrats to those who followed my lead couple months back
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The whole market? Or just certain coins?
[A Ways and Means explainer document obtained by The Block mentions the wash sale rule and its application to cryptocurrencies. It notes:
"This section includes commodities, currencies, and digital assets in the wash sale rule, an antiabuse rule previously applicable to stock and other securities. The wash sale rule in section 1091 prevents taxpayers from claiming tax losses while retaining an interest in the loss asset. The amendments made by this section apply to taxable years beginning after December 31, 2021."
Neal's office did not immediately respond to a request for comment by press time.
Under US rules, a taxpayer can't deduct the losses from wash sales, defined as when a stock or security is sold and then, within 30 days, "substantially identical securities" are then purchased. The idea behind wash sale rules is to prevent their use for so-called tax harvesting, a practice employed to offset gains elsewhere. Currently, cryptocurrencies aren't subject to these rules — a state of affairs that critics say constitutes a loophole.
The W&M document also highlights the application of constructive sales rules to digital assets.
"This provision includes digital assets in the constructive sale rules, anti-abuse rules previously applicable to other financial assets. The constructive sale rules in section 1259 treat the adoption of certain offsetting positions to previously owned positions as sales of the previously owned position. These rules prevent taxpayers from locking in investment gains without realizing taxable gain. The amendments made by this section apply to taxable years beginning after December 31, 2021," the document notes.]
https://www.theblockcrypto.com/linke...utm_medium=rss
I think the whole market gets a big boost within the next 3 days but only the whales know. Just my guess on how they are going to manipulate things. That's what I'd do if I controlled the market.
Last edited by raiders72001; 09-14-21 at 01:23 AM.
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Different topic but since you mentioned wash trading, this happens with some NFT markets. They artificially inflate prices through wash trades.
Last edited by raiders72001; 09-14-21 at 01:24 AM.
Raiders maybe sundaeswap not going to be as big ? US based swaps in trouble ?
https://mobile.twitter.com/attorneyj...87301601411074
Ox looks to be trending up soon. Just invested in that right now. If you look at the monthly chart it should shoot back up.
If you go by the past which has been so damn accurate, bitcoin from here will do better than almost all other coins for the next few years, most of the time. Not saying to not be in other coins but prepare after a few months on what you want to do. Heres a great example I saw years ago, bitcoin went from $1100 to $200 but litecoin went from $50 to .90, you can say back then Litecoin had the same sidekick popularity that Ether has to bitcoin right now. Ether got hammered pretty bad too last time too I think it was like $1400 all the way down to $60. Those numbers are past and will never get there again, but just try to gauge the difference in alts to bitcoin and trust me no alt is to good to hold up in a bear market, thats all I learned along the way.
There will be some type of crypto regulation within the next couple of years. Warren and Gensler have been bashing crypto for a while. We'll be fine until we know the regulation. The one thing that could cause a crash now is a media bombardment of crypto FUD.
NYT not good to us today https://www.nytimes.com/2021/09/14/o...-salvador.html
Thanks for that update. Went to grab some SOL from my Phantom wallet and can't get into that.
^^Sol will bounce back, may take some time til they fix that bug and then restores investor confidence. I got a good little chunk invested and not gonna panic sell just yet.
Some of the less free thinkers in government are proposing a bill that will force your bank to submit every incoming or outgoing transaction of $600 or more to the IRS. The banks aren't on board with this and no one who values privacy should be either.
Go to the link below, fill out the form and you will automatically be linked up by your address with your local congressmen. They will get a form letter showing your opposition to this proposed bill:
https://icba.quorum.us/campaign/IRSprivacy/
Just takes a minute.
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And will be stronger than ever Strong support at $150 held.This is a buying opportunity
I'd be very careful will sol moving forward
Hbar is doing a nice little dance
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