[Official] Crypto Currency Chit Chat Group - Part 6

[cosmothecat]

Buy buy buy!!!

Huh?

Why ETH suddenly dropped so much?

I open wallet got a shock

 

[doogyhatts]

 

[PhantomOpera]

Huh?

Why ETH suddenly dropped so much?

I open wallet got a shock

Now crypto tanking is no big news. Slowly buy the dip as it drops and sell when it rebounds

 

[doogyhatts]

Huh?

Why ETH suddenly dropped so much?

I open wallet got a shock

 

[dotarian007]

stay calm and HODL

 

[doogyhatts]

 

[stanlawj]

Rewind back to 4th Apr 2024.
I have posted this below:

Which brings me to my point: Crypto gurus and richdads here... consider diversifying some assets into physical silver (bars, physical-deliverable trusts) while it is below $30/oz and crypto has had a good run. You never know the day when SHA-256 gets cracked overnight with the 13-million qubit quantum computer.

That day is coming fast.
https://blogs.microsoft.com/blog/20...-error-rate-800x-better-than-physical-qubits/

But nobody has found a way to clone silver atoms or make silver atoms from other atoms yet!

And again on 12th Apr 2024.

Money is now rotating to precious metals.
If you are crypto fan, then this is for you.

BTC recovered first because it is not able to be suppressed due to blockchain preventing naked short-selling.
Then gold went ATH for weeks. Silver will follow suit.
Now, Silver is in the process of revaluing upwards. Grab your silver before it reaches a new ATH. Buy the ETF or physical.

If you had done this, you would have enjoyed 3X returns, far outperforming holding BTC and ETH.

 

[doogyhatts]

 

[chintokkong]

Rewind back to 4th Apr 2024.
I have posted this below:



And again on 12th Apr 2024.


If you had done this, you would have enjoyed 3X returns, far outperforming holding BTC and ETH.

Nice. Any sharing on how this gold and silver run will turn out In the coming months?
Any suggestion what the next rotation would be?

 

[doogyhatts]

Nice. Any sharing on how this gold and silver run will turn out In the coming months?

Gold divided by M2 money supply.
Still have another 20% upside.

 

[doogyhatts]

 

[newborn1000]

I saw some EDMWers posting about opening Gold/Silver savings/trading accounts

Google Trends/Social Metrics for Silver is challenging BTC 2021

 

[stanlawj]

Tether bought more gold than Poland’s central bank last quarter.

The $23B number gets the headline, but the funding mechanism is wilder. Tether holds $187B in USDT, pays users 0% yield, invests the reserves in Treasuries at 5%, and uses the ~$9B annual spread to stack physical assets.

Through Q3 2025, they made $10B in profit. More than Bank of America. From issuing IOUs.

Gold is only 7% of reserves. The other 93% sits in US Treasuries, making Tether the 17th largest holder of American sovereign debt, ahead of South Korea.

They’re building a shadow central bank with zero cost of capital. The nuclear bunker is just where they keep the receipts.

 

[Mechafanboy]

Follow the market trend, ditch crypto and convert to goldbug...

 

[stanlawj]

Follow the market trend, ditch crypto and convert to goldbug...

You're late. Very late.
Me said to diversify beginning in 2024.

Silver already finished almost all its appreciation relative to BTC. (silver rally last after gold).

Now is the time to speculate on silver mining stocks.

 

[Mecisteus]

Rewind back to 4th Apr 2024.
I have posted this below:



And again on 12th Apr 2024.


If you had done this, you would have enjoyed 3X returns, far outperforming holding BTC and ETH.

Sorry I think you were just being lucky.

Gold and silver are pumping because of Trump policies surrounding uncertainties and war.

Back then, nobody expected such.

If we had another president like Obama, gold will produce mediocre returns.

Whatever the reasons, congrats on the profits. Profits are still profits.

 

[stanlawj]

Sorry I think you were just being lucky.

Gold and silver are pumping because of Trump policies surrounding uncertainties and war.

Back then, nobody expected such.

If we had another president like Obama, gold will produce mediocre returns.

Whatever the reasons, congrats on the profits. Profits are still profits.

No luck needed to predict rotation between precious metals and crypto. It has been going on since 2016.

I also explain why BTC mooned first ahead of gold and silver.
stanlawj said:
BTC recovered first because it is not able to be suppressed due to blockchain preventing naked short-selling.
Then gold went ATH for weeks. Silver will follow suit.

Now the question is whether BTC has bottomed? Absolutely not.

 

[Mecisteus]

No luck needed to predict rotation between precious metals and crypto. It has been going on since 2016.

I also explain why BTC mooned first ahead of gold and silver.
stanlawj said:
BTC recovered first because it is not able to be suppressed due to blockchain preventing naked short-selling.
Then gold went ATH for weeks. Silver will follow suit.

Now the question is whether BTC has bottomed? Absolutely not.

Like I said, if Trump is replaced by another president like Obama, you can throw away that analysis.

Gold and silver are likely to underperform during periods of certainty and calm.

So you need some element of luck to have a crazy and power hungry president like Trump.

US stocks on the other hand are more predictable. You don't need much luck. Just buying S&P500 is a winner. Proven years after years.

 

[doogyhatts]

 

[stanlawj]

This interpretation is incorrect.



The correct one: BTC peaked first and now undergoing correction that is lasting many months (winter season). Crypto money poured into gold and silver (Tether, smart ones). Gold and silver peak later.
i.e. Rotation.

Failure to recognise rotation will also kill gold and silver bugs who overstay. Parabolic rise does not end with a plateau.