Forex Cryptocurrency General Chit Chat Thread 2019

[Mr. Wood]

now suddenly all bearish on crypto. last 2 yrs all so madness.
nxt yr another hot thing come up all the talk will start come up again.... dis time is diff blah blah, to the moon blah blah, hodl blah blah, buy the dip blah blah, dis is the future of money blah blah, warren buffett old alrdy senile blah blah, bommers dunno one blah blah......


pls dyodd

 

[Mr. Wood]

https://www.reuters.com/business/fi...apital-fails-meet-margin-calls-ft-2022-06-16/
June 17, 2022

Singapore-based crypto hedge fund Three Arrows Capital failed to meet margin calls

 

[Trader11]

https://www.reuters.com/business/fi...apital-fails-meet-margin-calls-ft-2022-06-16/
June 17, 2022

Nice to see that this thread is still alive.

Forex has some volatility in last 6 months...WHich is good for Traders

 

[Mr. Wood]

https://decrypt.co/104148/grayscale-is-suing-sec-after-spot-bitcoin-etf-rejectionJun 30, 2022

 

[Mr. Wood]

THE BITCOIN MONTHLY CONTAGION & CAPITULATION
As of June 30, 2022

ARK’S KEY TAKEAWAYS 1. Bitcoin closed the month of June down nearly 40%, declining from $31,780 to $19,980. 2. Contagion in the crypto markets continued as Celsius and Three Arrows Capital came undone. 3. Market contagion sends bitcoin into capitulation. 4. Despite record-high realized losses, unrealized losses could allow further downside. 5. Uncertain macro conditions are weighing on bitcoin’s recovery and outlook.

say until like never say

 

[Mr. Wood]

https://minerdaily.com/2021/how-much-does-it-cost-to-mine-a-bitcoin-update-may-2021/May 4, 2021

In summary, it currently costs between $7,000-$11,000 USD to mine a bitcoin. The lifetime cost of an ASIC miner to mine one bitcoin is on average $15,000-$19,000 USD. As the price of BTC is $56,000, it remains very profitable to mine bitcoin. Although, the entry price for miners has risen considerably the past few months because hardware prices have doubled.

lidis mean fundamental price of btc is ~$7000 - $11k?

 

[Mr. Wood]

https://www.dbs.com/insightsdirect/...fc53a31c59378?pagesec=whatsnew&pagesecid=9594

12 Jul 2022

Singapore Stock Pulse: Will FED funds rate peak by year-end?
Market view update
FED funds rate estimates


The latest market estimates for FED funds rate (FFR) shows 7 to 8 more 25bps rate hikes by 1Q23 followed by 2 x 25bps rate cut in 2H23 as US recession concerns grow
Estimates imply FFR to reach a high of 3.5% by 1Q23, and retreating to 2.9% by end-23
DBS economist currently expects FFR to peak at 3.5% in 4Q22 and hold steady through 2023

 

[Mr. Wood]

https://register.gotowebinar.com/register/4577504825206893836

Q3 2022 Market Outlook Webinar
Tue, Jul 19, 2022 7:00 PM - 8:00 PM SGT

Join our global market research team for a live, interactive webinar recapping the recent price action in the market and looking ahead to key themes for the next quarter and beyond. We’ll share the key upcoming events, dominant trends, and key technical levels to watch on major indices, currency pairs, and commodities like gold and oil to ensure viewers are prepared to trade successfully in the coming months. Expected run time: 40-60 minutes Open to traders of all experience levels

 

[occifer]

https://www.google.com/amp/s/www.nytimes.com/2022/07/13/business/euro-dollar-parity.amp.html
Eur to USD reach parity for the first time in 20yrs

 

[Mr. Wood]

https://www.dbs.com/insightsdirect/...fc53a31c59378?pagesec=whatsnew&pagesecid=966218 Jul 2022

MAS has tightened its monetary policy in an off cycle move again last week

• Move helps to maintain a more stable USDSGD
• Our currency strategist sees USDSGD staying below 1.40 this year

 

[Mr. Wood]

Dovish BoJ to see USDJPY gain to 141
Yesterday 8:57 AM

The only hawkish shift that the BOJ is expected to make is to upgrade its inflation outlook. Elsewhere, there have been few comments from Japanese authorities on recent JPY weakness, which suggests intervention is unlikely.

 

[Perisher]

crypto back from the dead?

 

[Mr. Wood]

crypto back from the dead?

or mayb dead cat bounce
bot a few last mth.

as long as know wht u buying and own objective.

 

[Mr. Wood]

https://www.businesstimes.com.sg/ba...ews-on-regulating-crypto-to-protect-consumersTUE, JUL 19, 2022

“Going forward, in line with international regulators, we’re also going to be broadening the scope of regulations to cover more activities. So players who are doing some of these activities but are currently not caught may well be caught. It’s hard to say,” Menon said.

He also noted that the republic will likely see an increase in the number of entities that require licensing.

 

[Mr. Wood]

hope will regulate scum course sellers also.

 

[Perisher]

or mayb dead cat bounce
bot a few last mth.

as long as know wht u buying and own objective.

I got free crypto… just trade for fun only.

 

[Mr. Wood]

https://ark-invest.com/wp-content/uploads/2022/08/ARK-Invest_The-Bitcoin-Monthly_July-2022.pdfAs of July 31, 2022

• Bitcoin closed the month of July up 16.6%, rising from $19,965 to $23,325, its most significant gain since October 2021.
• After breaching its 200-week moving average, falling to the $17,000-$19,000 range, and bouncing off its 2017 all-time-high, bitcoin reclaimed its 4-year trend.
• Market contagion appears to be contained, as deleveraging subsides.
• Uncertainty over Fed policy continues to weigh on bitcoin’s recovery and outlook.

 

[Mr. Wood]

I got free crypto… just trade for fun only.

jskm, i also wan.
i got some free. but too little to sell or stake. too obscure to add more. juz can hold for fun.
evytime i look at the statement i feel rich

 

[direbmem]

jskm, i also wan.
i got some free. but too little to sell or stake. too obscure to add more. juz can hold for fun.
evytime i look at the statement i feel rich

Free from where? Gemini, CDC, Nexo, Hodlnaut, Cakdefi?

 

[Perisher]

jskm, i also wan.
i got some free. but too little to sell or stake. too obscure to add more. juz can hold for fun.
evytime i look at the statement i feel rich

Same, those $5 or $10 crypto but I like the thrill of making $$ off it. Haha because it’s 24/7