patrick.net

Rin says

Well, you've got the next Fibonacci level, $48K-$49K to retest.

If that holds or breaks through, in terms of a weekly candlestick price bar close (not daily), then the bearish flag is completely annulled.

Bumped it's head on the 200 moving day average. Lets see if it bounces off of that triangle then moves higher.

FJB says

Bumped it's head on the 200 moving day average. Lets see if it bounces off of that triangle then moves higher.

The DXY is still in range an so I am not really looking for BTC to pop but rather hoping crypto stays in range and weakens a bit, looking to add more various coins to my stacks at some discount.

Watch the USD high impact news indicators tomorrow right off the bat and watch the reaction.
https://www.forexfactory.com/calendar?day=apr1.2022&source=patrick.net

Cash says

In March, a Credit Suisse analyst said the Russian war in Ukrainian will create a new world financial order that could boost the price of bitcoin and other cryptocurrencies.

"We are witnessing the birth of Bretton Woods III—a new world (monetary) order centered around commodity-based currencies in the East that will likely weaken the Eurodollar system and also contribute to inflationary forces in the West," Zoltan Pozsar, global head of short-term interest rate strategy at the giant investment bank, wrote in a report.

Without actually being too specific about the prognostication of cryptos, the market structure may change to make this happen.

Realize what happened back in the 80s and 90s, when a lot of Hong Kong businessmen & family members were moving to Canada, buying up real estate as well as equities. The idea was that when PRC took back HK from the British, that their money would be safe from confiscation in the Great White North. Well ... just recently, Trudeau proved that to be a fallacy. And now, for the rest of the west, for Russian nationals without dual citizenship (possibly renouncing the *SSR one) in a western nation.

That's a setup for the loss of confidence in western financial institutions and due process of the law. I mean seriously, is the average Russian a golf buddy of Putin? And thus, some hybridized system using crypto behind walls of application code, may be a way to maneuver w/o arbitrary political moves to seize ones assets.

The main export of the USA is USDs, the world is flooded with them.
Rin says

That's a setup for the loss of confidence in western financial institutions and due process of the law.

I would like to see a vote of who here has confidence in either western financial institutions and due process of the law . The Eastern part of the world has been setting things up to cut the USD ropes around their necks for a while, particularly since 2014... Just wait till all these nations that really hate the 2 faces of the US start exiting and selling off USDs not wanting to be the last 1 holding. As I see it the pot has boiled over and once Putin proves he isn't fkg around we will soon have a cyber attack here in the US that has already been rehearsed and practiced as it were sponsored by Israel with 9 or 10 other nations participating not long ago. And anyone who believes it is Russia doing the attacking is easily misled and red flagged as the WEF has been warning of 1 so fairly certain they won't need Putins help and it's already in the mix of whats to come..Just like they warned of a pandemic. (PLANdemic)

Russian banks are planning a switch to China's card payment system after Mastercard and Visa halted operations, reports say
https://www.businessinsider.com/russian-banks-are-rushing-switch-over-chinese-card-system-2022-3?source=patrick.net

All You Need to Know About Mobile China Payment Systems
https://tenbagroup.com/all-you-need-to-know-about-mobile-china-payment-systems/?source=patrick.net

This is all above my pay grade so these are just some of what I see as possibilities, nothing more.

Bank are ALL broke!
https://twitter.com/i/status/1509335695294410758?source=patrick.net

A new world financial order will be negotiated, West will no longer have a veto: Moscow
https://insiderpaper.com/a-new-world-financial-order-will-be-negotiated-west-will-no-longer-have-a-veto-moscow/?source=patrick.net
“It is impossible to trust those who freeze the accounts of other states; steal other people’s business, assets and personal possessions, compromising the principles of sanctity of private property,”

Cash says

I would like to see a vote of who here has confidence in either western financial institutions and due process of the law .

This is exactly what the gold bugs have been saying for years. So really all you are adding to this thread is fanboy brouhaha. But to your point, I do believe western governments will outlive XRP and develop digital currencies that they can control. They will simply ban, or label as terrorists anyone who stands in their way. Just look at what Trudeau is doing in Canada. It’s not about money, it is about control. And if cryptos begin to threaten their control, they will eliminate them. That is the main reason not to HODL, when the time is right the globalists will bury cryptos and/or the people who use them.

The DHS quote claims that XRP is not controlled by governments or institutions, if that is true they will move to eliminate it. If it is not true (a possibility I find more plausible) then they control it but want you to believe they don’t. Machiavellian and brilliant plan isn’t it?

Rin says

And thus, some hybridized system using crypto behind walls of application code, may be a way to maneuver w/o arbitrary political moves to seize ones assets.

Yes John Murdoch or Neo is coming to free cryptos from the dark city matrix that is holding all captive. Or maybe what you are saying without directly saying it is that cryptos are in fact vulnerable to governments or other institutions who can (unless we hide them behind walls of magical imaginary application code) prevent investors from retrieving their crypto assets at will.

PeopleUnited says

This is exactly what the gold bugs have been saying for years. So really all you are adding to this thread is fanboy brouhaha. But to your point, I do believe western governments will outlive XRP and develop digital currencies that they can control. They will simply ban, or label as terrorists anyone who stands in their way. Just look at what Trudeau is doing in Canada. It’s not about money, it is about control. And if cryptos begin to threaten their control, they will eliminate them. That is the main reason not to HODL, when the time is right the globalists will bury cryptos and/or the people who use them.

The DHS quote claims that XRP is not controlled by governments or institutions, if that is true they will move to eliminate it. If it is not true (a possibility I find more plausible) then they control it but want you to believe they don’t. Machiavellian and brilliant plan isn’t it?

ALL this shit belongs on the bitcoin is stupid thread. Can't you fucking read? I assume you can given all your bible platitudes. Beat it!

SEN. CRUZ INTRODUCES LEGISLATION PROHIBITING UNILATERAL FED CONTROL OF A U.S. DIGITAL CURRENCY

https://www.cruz.senate.gov/newsroom/press-releases/sen-cruz-introduces-legislation-prohibiting-unilateral-fed-control-of-a-us-digital-currency?source=patrick.net

It's getting interesting:



Could go either way. I'm still hoping for a serious crash.

PeopleUnited

I have no clue how this all works out in the end no more then you or anyone else does. Come back in 20yrs like you said you would, your wasting your time here
and it would be much better suited for the MISINFORMATION thread where you fit right in.

LOL

20 años

FJB says

Could go either way.

USD is hanging in there so look for the economic indicator news in the morning and watch the DXY reaction. BTC had a bunch of
long leverage snatched and there is still some on the table however Im not really looking for price to break down much below 37.5+/- and that
will be a reach 42-40k+/- (61.8 wky) would be a more of a logical landing field imo. Markets are confused and looking for guidance so until USD
shows it's hand most of the markets should just stay in or near range.

Do Kwon has been buying things on the exchanges apparently instead of making over the counter buys (which don't move the price):

https://thedefiant.io/terra-10b-bitcoin-treasury-luna/?source=patrick.net

FJB says

SEN. CRUZ INTRODUCES LEGISLATION PROHIBITING UNILATERAL FED CONTROL OF A U.S. DIGITAL CURRENCY

https://www.cruz.senate.gov/newsroom/press-releases/sen-cruz-introduces-legislation-prohibiting-unilateral-fed-control-of-a-us-digital-currency?source=patrick.net

Some legislators are trying to make sure what ever Digital means they use the regulations have more of a cash utility and not be part of the globalist spy ring tools.

PeopleUnited says

l if cryptos are still going strong in 20 years

Will you still be alive in 20 years? Serious question.

personal

JPMorgan, led by bitcoin skeptic Jamie Dimon, quietly unveils access to a half-dozen crypto funds
https://www.cnbc.com/2021/08/05/bitcoin-jpmorgan-led-by-jamie-dimon-quietly-unveils-access-to-a-half-dozen-crypto-funds.html?source=patrick.net

Wells Fargo: Cryptocurrency Has Entered 'Hyper-Adoption Phase'
https://news.bitcoin.com/wells-fargo-cryptocurrency-hyper-adoption-phase/?source=patrick.net

Bitcoin is coming to hundreds of U.S. banks this year, says crypto custody firm NYDIG
https://www.cnbc.com/2021/05/05/bitcoin-is-coming-to-hundreds-of-us-banks-says-crypto-firm-nydig-.html?source=patrick.net

FJB says

PeopleUnited says

if cryptos are still going strong in 20 years

Will you still be alive in 20 years? Serious question.

The actuarial tables indicate that is indeed extremely likely. But on the other hand I expect that before the decade is over, there will be the beginnings of a one world government and that could change everything from life expectancies to personal liberties to economic conditions. If any of us are still alive then I expect we will all be using the same currency, and it won’t be physical, it will be 100% digital.

And for the record I’m all for making wise investments. I just tend to believe the investment experts and the evidence that cryptos are an expensive fad that will achieve their intrinsic value which just so happens to be significantly less than what most of them currently trade at. So if I can invest a grand today and double or triple my money and then cash out in the next 2-3 years I’m in. Was able to do that with precious metals buying near the bottom and selling near the top several years ago, I just don’t see that happening with any certainty in the crypto sphere. Volatility doesn’t even begin to describe cryptos.

STELLAR > $XLM > LOW COST CROSS-BORDER PAYMENTS & REMITTANCE FOR ANY CURRENCY TRADE

What if the hokey pokey, IS what it's all about?

FJB says

It's getting interesting:



Could go either way. I'm still hoping for a serious crash.

It's followed the green path to a T so far. Still below the 20 DMA though.

FJB 40k+/- is a tough neighborhood brother and is a logical tgt to start some buying at least a few Satoshi in that area if it gets there
under 38k is a far reach imo....

$link



What Is a Blockchain Oracle?
Oracles provide a way for the decentralized Web 3.0 ecosystem to access existing data sources, legacy systems, and advanced computations. Decentralized oracle networks (DONs) enable the creation of hybrid smart contracts, where on-chain code and off-chain infrastructure are combined to support advanced decentralized applications (dApps) that react to real-world events and interoperate with traditional systems.
https://chain.link/education/blockchain-oracles

https://www.investopedia.com/articles/investing/052014/why-bitcoins-value-so-volatile.asp?source=patrick.net
Why Does BTC Fluctuate so Much?
Bitcoin's price fluctuates because it is influenced by supply and demand, investor and user sentiments, government regulations, and media hype. All of these factors work together to create price volatility.

How High Can Bitcoin's Price Go?
It's rare to watch cryptocurrency news and not see an investor or fan's opinion of how high Bitcoin's price will get. Unfortunately, it is unknown how high or low the cryptocurrency's price will go.

Is Bitcoin Safe to Buy?
You can buy Bitcoin on government-approved cryptocurrency exchanges like Coinbase. If you're looking to use Bitcoin to preserve capital or grow your assets, its price is highly volatile—there is no guarantee that you will see any returns; you're just as likely to lose everything you invest as you are to make any gains.

FJB 1 reason crypto maybe staying sideways is tax season which is my preference.

IBM WORLDWIRE > $XLM + $SHx [ANCHOR BRIDGE CURRENCIES] [[STABLECOINS]]


Money Money Money MONEY!!!

FJB
Just a bit of clarification to my approach in consideration of the crypto market.
CBDC are coming and regulation as well. The legacy system of SWIFT is like
using a 1929 stock model T in a race with Tesla's Model S EV car and why 1 of
my largest holdings is XRP as the premiere fast, cheap, ODL cross boarder pmt sys.

CBDCs depending on who gets to create and govern is the big question and concern.
However XRP maybe 1 of the most important cogs in the metrics of CBDC regardless
of the creator and governance. Definitely speculation at this time, but in my opinion is well
with in my risk appetite. XRP can be used exchange from them all.

DooDahMan says

https://www.ibtimes.com/nearly-half-crypto-owners-first-bought-digital-assets-2021-survey-3460247?source=patrick.net

Thanks for sharing the article, many in the US have led a privileged life with little exposure to the hardships civilians have to put
up with in other third world, developing and emerging markets. Americans in many ways have become of the mind they are so important they are entitled which we all see or experience this most every day rather from family members or out in public. I dont know about anyone else but I clearly see a different global monetary system on tract and on it's way for this year or very early next year and it will be a massive shock to the majority, changes in the SWIFT system sched. for Nov. 2022 alone should make things very interesting.

Ripple – Banks Go All-in!
Top banks like the Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) are using XRP (CRYPTO:XRP) for payments!
https://www.fool.ca/2022/03/24/ripple-banks-go-all-in/?source=patrick.net

Cash says

Ripple – Banks Go All-in!
Top banks like the Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) are using XRP (CRYPTO:XRP) for payments!

WTF do banks care. If their gamble doesn't pay off, they just cry they are a societal necessity and get a bail out. Of course they are taking any and every moral hazard and risk. WTF is your point?

https://watcher.guru/news/goldman-sachs-to-offer-crypto-services-for-private-wealthy-clients?source=patrick.net
“There’s a contingent of clients who are looking to this asset as a hedge against inflation, and the macro backdrop
over the past year has certainly played into that,” Rich said.

Just a word of warning if you hold your crypto with the banksters you might as well hold cash.
If your crypto is not under your control as the saying goes if they are not your keys they are not your crypto.

Big banks no longer able to ignore crypto demand
https://www.axios.com/big-banks-wall-street-cryptocurrencies-attention-fb5fecf0-ed21-4ef8-8692-9eeb83622ca1.html?source=patrick.net

As Wall Street banks embrace crypto, high-flying start-ups look to lure top finance talent
https://www.msn.com/en-us/money/markets/as-wall-street-banks-embrace-crypto-high-flying-start-ups-look-to-lure-top-finance-talent/ar-AAVLUYU?source=patrick.net