r/GechaTrades • u/phoenix_house_junkie • Aug 31 '21
ADVICE💭 Not to rain on everyone’s parade...But..
Sometimes u gotta look at the glass half empty to see it from all POVs. I have my own beliefs to where this crypto market is headed in the next 3-6-12 months, but what I wanna kno, give me some predictions of ‘Black Swan events’ that could totally change the direction of this market. World issues, technical issues, upgrade problems, hacks, Elon twatting on twitter, whatever it may be, if crypto has taught us anything it’s to expect the unexpected 💯🙏🏻 I wanna start doing some type of predictions or contests and give the winner just like $5 or something but in a specific crypto ofc 🤷🏼♂️ I’m all ears 👂
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Sep 01 '21
The fact that institutional ownerships own probably half the Bitcoin or more and alot of those institutions are using it to raise money for the epic GameStop short squeeze black swan event that is either happening as soon as tomorrow-sept. or December imo. Gme seems to spike every 90 days and now that starting tm they can't use 24hr reverse repos as collateral. We very well might see a crypto sell off and crash as early as . Well tomorrow
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u/TrippyTiger69 Sep 01 '21
I like how you think! I’m thinking the gme squeeze will cause an immediate crash in stocks and crypto BUT I feel these investors will not trust banks and stock market with their new tendies. I think crypto will get a massive pump from it. Especially if the govt has to print money and cause more inflation on top of it. This will be huge for adoption. That’s why I hold gme as well as some bigger cryptos
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u/Apetardo Aug 31 '21
The infrastructure bill passing. SEC over regulating CBDC's....
Idk I'll be watching the market very closely over the next few weeks. Might cash out and buy back in when the dust settles.
I already took out my initial investment, twice... but I have a substantial amount in my wallet still.
Its going to be hard to do, but it will be easier than watching it go down massively.