[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 525 KB, 1125x1110, 1628619969481.jpg [View same] [iqdb] [saucenao] [google]
49653174 No.49653174 [Reply] [Original]

75 bps hike tomorrow which means $20k will be tested.

Do you think it will hold, or are we fucked?

>> No.49653211

On one hand, crypto is acting like 75 bps priced in and Celsius and similar scam contagion is liquidating fortunes

On the other hand, stocks aren't really acting like 75 bps....if it's not priced into the irl markers already crypto is fucked

>> No.49653313

If 20k doesn’t hold then crypto is fucked. So many stoplosses are at 19k which will send it down to 17k, which is where Celsius has their liquidation price for $500 worth of BTC and ETH. If they get liquidated then it’s straight down to 14k

>> No.49653352

>>49653313
Celsius lowered their liquidation down to 14k today

>> No.49653363

>>49653313
>$500 worth of BTC and ETH
$500 million*

>> No.49653422

>>49653174
>75 bps hike tomorrow which means $20k will be tested.
b-but muh DeCeNtRaLiZeD cUrReNcY!!!

>> No.49653430

>>49653174
Priced in and then some

>> No.49653458

I think it will break. A lot of big players in finance know very well that crypto is the easiest short in a recession and they sure as shit are going to take advantage of that. They will make so much fucking money on their shorts if they manage to push the price below 20k and initiate a liquidation cascade

>> No.49653495

>>49653430
You retarded permabulls have been saying that interest rates have been priced in from 60k all the way down to 20k. At what point will you concede that you are retarded? When it hits 10k?

>> No.49653686

Arthur Hayes said he would have to seriously reconsider Bitcoins survivability if it went below 20k, which is a bit spooky when it comes from the guy who controlled the market for several years. I will still buy if it goes to 12-14k, but I’m not sure if I will go all-in. Probably save some dry powder for the firesale in equities

>> No.49653759

i give it a 50/50 chance. got buy orders right above 20k with incredibly tight stoplosses in case it goes through

>> No.49653809

>>49653174
I LITERALLY DO NOT CARE.

>> No.49653840

What are the odds for a shock 100bps hike?

>> No.49653842

>>49653809
Then why are you in this thread, you retarded faggot?

>> No.49653878

>>49653840
Probably like 10-15%. That would be the correct thing to do, but the Fed probably doesn’t have the balls to go through with it

>> No.49653879

>>49653495
Anon. Everything is priced in. Rare hikes. Bitcoin topping at 69k. Bitcoin going to 20k. It going to 10k. It going to 100k. Satoshi's wallet being reactivated by the CIA to fund CBDCs and the Great Reset. It's all priced in. Everything. All of the participants in the market are actually omnipotent including you, I, and the 5 other posters on this board. It's all there

>> No.49653994

>>49653879
The market expected 50bps last time. The market got 50bps but it still dumped hard. The market tries to price things in instantly, but in reality it takes time

>> No.49654066

it will actually be a 100 bps hike, followed by Celsius's new margin price of ~14k WBTC getting smashed through

>> No.49654102

>>49653174
Of course it won’t hold. Our downside target is at 15k, and then liquidations will unironically take us to 6k. Prepare your anuses

>> No.49654109

>>49653759
gonna get scamwicked EASILY

>> No.49654115
File: 95 KB, 933x912, verification not required.jpg [View same] [iqdb] [saucenao] [google]
49654115

>>49653174
200 bps

>verification not required

>> No.49654120

>>49653174
>75 bps
125

>> No.49654147

>>49653994
>he still thinks the market is tanking because of rate hikes
Shemitah year, get back in your place

>> No.49654159

50 bps hike: pump
75 bps hike: test 20k but fail to go through
100 bps hike: -50% day for bitcoin

>> No.49654164

>>49653174
I'm waiting for 15k to buy back in. Sold last June and have been too scared to do anything since.

>> No.49654194

nuke it all
crypto has gone full retard
btc maxis act like they own the place and there's too many retarded scammers who need to go to jail
something useful will rise from the ashes eventually

>> No.49654254

>>49653686
If arthur had not turned off mex’s liquidation engine in the 2020 crash then bitcoin would unironically have gone to zero, at least for a few seconds. It was less than a minute away from happening.

That shit could easily happen again if we get a liquidation cascade and one of the bigger markets fail to react in time

>> No.49654303

Crypto pumped on the last hike

>> No.49654345

>>49654254
Literal nonsense

>> No.49654351

>>49653686
Arthur is a NIGGER (retarded)
Checkem

>> No.49654359

>>49654303
Last hike was may 4th. In the days that followed it proceeded to dump 30%

>> No.49654382

>>49654345
Leave this board and never come back, you disgusting fucking newfag

>> No.49655364

I think it will hold, but I’m going to sit in stables anyways because if I’m right there won’t be a significant pump and if I’m wrong there would be a -30% day

>> No.49655379

Priced in

>> No.49655402

>>49655379
you said that in may too and then it proceeded to dump 35%

>> No.49655425

>>49654345
It's true though, that based nigger singlehandedly saved crypto

>> No.49655709

I pray to god it dumps below. I would unironically make it from my shorts and could finally leave this retarded market

>> No.49657401

TACTICAL 100 BPS HIKE INCOMING

>> No.49657714

>>49653174
200 bepis

>> No.49658029

Looks like we might test 20k before the fed even announces the rate hike, kek

>> No.49659458

What if JPow does 125-150 bps? Would that be "excessive"?

>> No.49660232

>>49659458
that would unironically send btc down to 10k today, but they will never do that