Deleveraging in Bitcoin (Crypto) Will NOT Save Christmas!

[wheatking16]

Eyes read analyst when you clearly state "my analysis".

Good ANALYSIS regarding Bitcoin.

Only mention Errol because he posted just above you.

Yeah, I copied and pasted Grok's response to keep the integrity of the third-party review.

[AlbertaFarmer5]

Wheatking, did you know that forage also offers a market advisory service? With a 100% perfect track record. He has accurately called every major market turn in recent decades. He's even modest enough to post all of his correct predictions on the forum, Only a few years after the event.
Perhaps you should consider adding that to your list of services. It's great for those clients with a Time machine.

Plus it would save all of the effort of documenting your predictions in real time.

[wheatking16]

I don't follow Bitcoin. If those prices come to fruition, how would that compare to previous corrections in magnitude?

I believe there have been several 75% corrections.

So in line with the past

[errolanderson]

Japan 30-year bond yields hit historic highs in the past 24 hours. The debt market is imploding. And U.S. unemployment news released today, butt ugly.

BS from U.S. politicians and crypto promoters is going to hurt millions of investors.

[wrongway]

Japan 30-year bond yields hit historic highs in the past 24 hours. The debt market is imploding. And U.S. unemployment news released today, butt ugly.

BS from U.S. politicians and crypto promoters is going to hurt millions of investors.

I know just enough to be dangerous.,, but when bonds move to a small yield really a whole lot worse than being negative?
as to crypto probably no different than metals futures that aren't effectively deliverable against. electrons rather than paper.
feel free to add to muh education

[errolanderson]

Japan is the world’s factory for cheap credit. And this era is coming to an end. This is now a liquidity crisis. Banks are running out of money. Now you have the fallout in credit markets. Auto industry loan collapse. Prices plunge. Housing market unravelling. Severe mortgage stress. Much bubbling to the surface. More shock waves incoming . . . .

The U.S. is in scramble mode, rate cut likely this week, placing a dovish Fed chair to replace Powell, no capital gains on Bitcoin announced. A desperate and manipulated political push toward cryptos.

But rate cuts by central banks no longer have an economic impact. Those days are over. Real rates are going up regardless due to loan and credit card defaults.

Who cares if the Fed cuts rates, doesn’t matter. But the market tells the investor, bad news is good news. It’s bullish that U.S. unemployment is rising. Bizarre . . .

Albeit, equities could start the week higher, but there is a trip cord going to be triggered soon. Commodities are deflationary. Asset prices are dropping. Japan’s bond yields surging to record highs is game-changing.

The U.S. appears desperate to take the pressure off the dollar convincing investors to take on Bitcoin. But the crypto foundation lacks substance. As Micheal Burry stated last week, America’s tulip currency.

The bond market is king. It tells no lies.

[agstar77]

Crypto is the ultimate scam for the emperor the U.S. elected. There will be a run on crypto like no other collapse since there is not an underlying value.

[Old Cowzilla]

I know time flies but how long ago was it when crypto was penny stock ?

[errolanderson]

Buy the rumour, sell the fact . . . .

Did the Fed rate cut just trigger a selloff? Cryptos under heavy selling, stocks stumble. Bond market fallout . . . .

[errolanderson]

NASDAQ fallout on Friday after meaningless Fed rate cut last Wednesday. AI profitability in-question?

BOC holds rate steady at 2.25%. Cdn dollar in-recovery as USD struggles.

Cattle feeders take note as stock market has impact on wholesale beef prices.

Money printing gig is up (IMO). All eyes on Japan’s bond market right now, not the Fed.

Errol’s Commodity Wire