Home
What's new
Latest activity
Authors
Store
Latest reviews
Search products
Forums
New posts
Search forums
What's new
New posts
New listings
New products
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Cart
Cart
Loading…
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Search titles only
By:
Menu
Log in
Register
Navigation
Install the app
Install
More options
Change style
Contact us
Close Menu
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Weather Man" data-source="post: 16624363" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3699322-bitcoin-up-7-to-368k-trying-to-understand-crypto-price-swings" target="_blank">Bitcoin up 7% to $36.8K; trying to understand crypto price swings</a></p><ul> <li data-xf-list-type="ul">The crypto roller-coaster is still in full swing as extreme volatility continues to whipsaw investors. Over the course of Monday, May 17, through Friday, May 21, Bitcoin (<a href="https://seekingalpha.com/symbol/BTC-USD" target="_blank">BTC-USD</a>) fell 20% to $32.8K, only to accelerate rapid price moves. On Saturday, it jumped touched as high as $38.8K then fell as low as $31.1K on Sunday, and rose nearly 7% overnight to climb back to $36.8K. In fact, one metric gauging implied volatility on Bitcoin, similar to the VIX index of the U.S. stock market, topped 130, exceeding the VIX's all-time high.</li> <li data-xf-list-type="ul"><em>More crypto volatility:</em> Ethereum (<a href="https://seekingalpha.com/symbol/ETH-USD" target="_blank">ETH-USD</a>) +8.4% to $2,301. Ripple (<a href="https://seekingalpha.com/symbol/XRP-USD" target="_blank">XRP-USD</a>) +1.8% to $0.86; Cardano (<a href="https://seekingalpha.com/symbol/ADA-USD" target="_blank">ADA-USD</a>) +7.5% to $1.47; Stellar (<a href="https://seekingalpha.com/symbol/XLM-USD" target="_blank">XLM-USD</a>) +18.9% to $0.43; Dogecoin (<a href="https://seekingalpha.com/symbol/DOGE-USD" target="_blank">DOGE-USD</a>) +3.4% to $0.33; Bitcoin Cash (<a href="https://seekingalpha.com/symbol/BCH-USD" target="_blank">BCH-USD</a>) +5.9% to $621; Uniswap (<a href="https://seekingalpha.com/symbol/LTH-USD" target="_blank">LTH-USD</a>) +11.2% to $158.</li> <li data-xf-list-type="ul"><em>What the crypto crowd is saying on Twitter:</em></li> <li data-xf-list-type="ul"><strong>Mike Novogratz:</strong> "Weekend illiquidity exacerbated this liquidation... We will see... With hindsight."</li> <li data-xf-list-type="ul"><strong>Larry Cermak: </strong>"This took much longer than I thought but IMO a big reason for why we’re seeing 60% super quick crashes is that there was just way too many projects stretched to crazy valuations and not enough liquidity to support the prices when new demand dries up. Add leverage and voila"</li> <li data-xf-list-type="ul"><strong>Mark Cuban:</strong> "I think this is the "Great Unwind". Traders borrow to buy Eth, used eth to borrow alt/stable coin, used that to LP a high APY Pair, took the SLPs and staked them to maxout yield. The minute Eth drops to their Tragic Number, they had to Unwind. Unstake, Remove Liqudity, Repay."</li> <li data-xf-list-type="ul"><strong>Anthony Pompliano:</strong> "Can't believe I even have to say this, but the noise is just FUD. The underlying thesis hasn't changed at all. This week should be wild. Get some rest while you can <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile :)" loading="lazy" data-shortname=":)" />"</li> <li data-xf-list-type="ul"><strong>Scott Melker:</strong> A lot of bottom signals, and still believe 29k was it.... but I’ve been wrong quite a few times. Either way, anticipating some relief."</li> <li data-xf-list-type="ul"><strong>Tyler and Cameron Winklevoss:</strong> "Feels oversold. Buying the dip just got better."</li> <li data-xf-list-type="ul"><strong>Barry Silbert:</strong> "Where the crypto market goes from here is completely dependent on the stock market over the next couple weeks. The ultimate source of value is so ambiguous that it has a lot to do with our narratives rather than reality."</li> <li data-xf-list-type="ul"><em>Outlook:</em> While recent headlines can try to ascribe meaning to the recent selloff, those reasons have been bubbling for some time, while the HODL crowd will dub them FUD (fear, uncertainty and doubt). On Friday, China reiterated its intent to crack down on digital assets, the U.S. Treasury Department announced plans for large crypto transactions to be reported to the government, and Elon Musk continued to post mixed messages over Twitter. A bigger item to consider is just how sensitive markets can be when sentiment changes, or the store of value for a currency that can display daily swings of 10% to 30%.</li> <li data-xf-list-type="ul"><em>In premarket action:</em> Coinbase Global (NASDAQ:<a href="https://seekingalpha.com/symbol/COIN" target="_blank">COIN</a>) +1.3%; Riot Blockchain (NASDAQ:<a href="https://seekingalpha.com/symbol/RIOT" target="_blank">RIOT</a>) +0.7%; MicroStrategy (NASDAQ:<a href="https://seekingalpha.com/symbol/MSTR" target="_blank">MSTR</a>) +1.2%; Marathon Digital (NASDAQ:<a href="https://seekingalpha.com/symbol/MARA" target="_blank">MARA</a>) -0.5%; Osprey Bitcoin Trust (<a href="https://seekingalpha.com/symbol/OBTC" target="_blank">OTCPK:OBTC</a>); Grayscale Bitcoin Trust (<a href="https://seekingalpha.com/symbol/GBTC" target="_blank">OTC:GBTC</a>). See some charts that sum up the declines of Bitcoin and <a href="https://seekingalpha.com/news/3699277-last-week-in-crypto" target="_blank">the above-mentioned stocks over the past month.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16624363, member: 137766"] [URL='https://seekingalpha.com/news/3699322-bitcoin-up-7-to-368k-trying-to-understand-crypto-price-swings']Bitcoin up 7% to $36.8K; trying to understand crypto price swings[/URL] [LIST] [*]The crypto roller-coaster is still in full swing as extreme volatility continues to whipsaw investors. Over the course of Monday, May 17, through Friday, May 21, Bitcoin ([URL='https://seekingalpha.com/symbol/BTC-USD']BTC-USD[/URL]) fell 20% to $32.8K, only to accelerate rapid price moves. On Saturday, it jumped touched as high as $38.8K then fell as low as $31.1K on Sunday, and rose nearly 7% overnight to climb back to $36.8K. In fact, one metric gauging implied volatility on Bitcoin, similar to the VIX index of the U.S. stock market, topped 130, exceeding the VIX's all-time high. [*][i]More crypto volatility:[/i] Ethereum ([URL='https://seekingalpha.com/symbol/ETH-USD']ETH-USD[/URL]) +8.4% to $2,301. Ripple ([URL='https://seekingalpha.com/symbol/XRP-USD']XRP-USD[/URL]) +1.8% to $0.86; Cardano ([URL='https://seekingalpha.com/symbol/ADA-USD']ADA-USD[/URL]) +7.5% to $1.47; Stellar ([URL='https://seekingalpha.com/symbol/XLM-USD']XLM-USD[/URL]) +18.9% to $0.43; Dogecoin ([URL='https://seekingalpha.com/symbol/DOGE-USD']DOGE-USD[/URL]) +3.4% to $0.33; Bitcoin Cash ([URL='https://seekingalpha.com/symbol/BCH-USD']BCH-USD[/URL]) +5.9% to $621; Uniswap ([URL='https://seekingalpha.com/symbol/LTH-USD']LTH-USD[/URL]) +11.2% to $158. [*][i]What the crypto crowd is saying on Twitter:[/i] [*][b]Mike Novogratz:[/b] "Weekend illiquidity exacerbated this liquidation... We will see... With hindsight." [*][b]Larry Cermak: [/b]"This took much longer than I thought but IMO a big reason for why we’re seeing 60% super quick crashes is that there was just way too many projects stretched to crazy valuations and not enough liquidity to support the prices when new demand dries up. Add leverage and voila" [*][b]Mark Cuban:[/b] "I think this is the "Great Unwind". Traders borrow to buy Eth, used eth to borrow alt/stable coin, used that to LP a high APY Pair, took the SLPs and staked them to maxout yield. The minute Eth drops to their Tragic Number, they had to Unwind. Unstake, Remove Liqudity, Repay." [*][b]Anthony Pompliano:[/b] "Can't believe I even have to say this, but the noise is just FUD. The underlying thesis hasn't changed at all. This week should be wild. Get some rest while you can :)" [*][b]Scott Melker:[/b] A lot of bottom signals, and still believe 29k was it.... but I’ve been wrong quite a few times. Either way, anticipating some relief." [*][b]Tyler and Cameron Winklevoss:[/b] "Feels oversold. Buying the dip just got better." [*][b]Barry Silbert:[/b] "Where the crypto market goes from here is completely dependent on the stock market over the next couple weeks. The ultimate source of value is so ambiguous that it has a lot to do with our narratives rather than reality." [*][i]Outlook:[/i] While recent headlines can try to ascribe meaning to the recent selloff, those reasons have been bubbling for some time, while the HODL crowd will dub them FUD (fear, uncertainty and doubt). On Friday, China reiterated its intent to crack down on digital assets, the U.S. Treasury Department announced plans for large crypto transactions to be reported to the government, and Elon Musk continued to post mixed messages over Twitter. A bigger item to consider is just how sensitive markets can be when sentiment changes, or the store of value for a currency that can display daily swings of 10% to 30%. [*][i]In premarket action:[/i] Coinbase Global (NASDAQ:[URL='https://seekingalpha.com/symbol/COIN']COIN[/URL]) +1.3%; Riot Blockchain (NASDAQ:[URL='https://seekingalpha.com/symbol/RIOT']RIOT[/URL]) +0.7%; MicroStrategy (NASDAQ:[URL='https://seekingalpha.com/symbol/MSTR']MSTR[/URL]) +1.2%; Marathon Digital (NASDAQ:[URL='https://seekingalpha.com/symbol/MARA']MARA[/URL]) -0.5%; Osprey Bitcoin Trust ([URL='https://seekingalpha.com/symbol/OBTC']OTCPK:OBTC[/URL]); Grayscale Bitcoin Trust ([URL='https://seekingalpha.com/symbol/GBTC']OTC:GBTC[/URL]). See some charts that sum up the declines of Bitcoin and [URL='https://seekingalpha.com/news/3699277-last-week-in-crypto']the above-mentioned stocks over the past month.[/URL] [/LIST] [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
Top