The Banking Crisis In A Nutshell

No, it does not. When you say nothing happened or it was "sideways" in past 9 months, then it means just that (no change), but the truth is that there was massive swings during that time, as I showed you. A 40% increase in value is the opposite of what you are describing.

A year ago Bitcoin backers argued the opposite, - that Bitcoin was a good hedge against inflation and rate hikes. The fact that the value went up by 40% since November tends to prove they were right and you are wrong, or that Fed rates doesn't have much to do with it at all.

A year ago, the price was $47 000 and then crashed to $15 000, and then up again. Cryptos are vulnerable to massive swings.

 

The reality is that you do not know anything and cannot interpret what others say. Interest rates are raised to fight inflation and when they are raised inflation products tend to go down as the Fed is FIGHTING INFLATION. When rates are raised, the Dollar gets stronger and commodity products get weaker.

You also need to keep in mind that things in the market are done "in anticipation" of what is to happen, not necessarily when it happens. The market is usually trading with what they expect things to be in 6 months. As such, the Fed is still expected to tighten. The recent surge in Gold and Bitcoin, is because when Banks start to fail, the Fed usually lowers rates so that the Banks have a chance to recover by lending more. Evidently, with the SVB Bank failing, it made the traders think that perhaps interest rates will no longer be raised and that is why they rallied.

As far as Bitcoin is concerned, it does not take a brain to understand that nothing trades sideways (doing nothing on a day-to-day basis). Sideways means that over a period of time (usually 6-12 months given that if you buy and sell a product in less than a year you have to pay more taxes on the profit and less after 1-year), what the product was doing 6-9 months ago and what the product is doing now (or in the case of Bitcoin, what it was doing 3 weeks ago), it is considered sideways trading. It does not matter if it went up to 25,000 or down to 15,000 during that time. What matters is where it was then and where it is now.

I have been doing this for 47 months and did this officially for 10 years and the big trading companies taught me this and here you come (a person with no experience in the industry) trying to tell me I am wrong. You know nothing about the market, about trading, and nothing about the meanings of the terms used.

I have taken the time to try to explain it to you and have shown you charts that support what I stated and you still argue? Ridiculous.

 

Yea, sure. Same to you & Have a nice day. I just hope people don't take your BS for actual advice.

The numbers, not me, prove you ARE wrong, and I am old enough to not care how highly people think of themselves when I can make that judgment on my own based on what they tell me. If you worked for me, you'd be fired already.

Bu-bue.

 

You truly do not know what you are talking about and you refuse to open your eyes to learn, probably because you have a closed mind.

As far as taking my own BS for advice, I absolutely do that and have been doing it for myself and my subscribers for 16 years. Here are the "official and public" results of what I do, in addition to a sample of what I do.

http://theoasisclub.net/pjaoasnews01012023.html

 

You don't know what I am talking about, because you refuse to look at the numbers. You are trying to sell a talking point or agenda and in the process you conceal / obfuscate the truth. I'm not sure if its illegal in professional world, but sure as hell it is dishonest. If a salesman, or a broker. tries to make a product more (or less) attractive, they'll resort to such tactics, but everyone should do their own homework.

For example, you say Bitcoin has been going "sideways" when in fact it has gained 40% in 4 months, and actually fluctuated between $47K and $16K in the past year, which are massive swings.

"A sideways market, sometimes called sideways drift, refers to when asset prices fluctuate within a tight range for an extended period of time without trending one way or the other".

You are wrong. Swallow your pride and admit it.

 

I have explained everything in detail and "no" I am not wrong. You keep on saying that Bitcoin is not going sideways and I explained that as well. It is was in a SHORT TERM uptrend, was trading sideways for the MIDTERM and is still in a downtrend for the long term. It really is all about what trend you are talking about. I explained that but you refuse to acknowledge that there are different types of trends (short, mid, and long). It seems that is above your ability to understand.

On top of all of this, you debase me by saying I am dishonest, have an agenda, obfuscate the truth, am doing illegal things, etc.

I have addressed each and every one of your posts by explaining (and showing) things as they are seen in the market (and how the traders themselves view things) but instead of opening your eyes and learning what you are doing wrong, you attack the poster himself. Geezus Christ! What I will admit to is that I need to be choosier of who I have a conversation/debate with.

Your post reminds me of something Aristotle once said:



Good bye

 

LOL. Whatever gets you through the night.

Awww....the parting insult. Bless your heart.

 

A return to the Glass-Steagall act separating commercial banks and investment banks would go a long way in increasing bank safety.

 

You started the insults. What did you expect, me to turn the other cheek? No way, Jose