Big Bitcoin price predictions meet tough reality in 2022

[Hanno Labuschagne]

Big Bitcoin price predictions meet tough reality in 2022

A year ago, crypto analysts, riding high from the successes of 2021, had big hopes for Bitcoin, with some of them seeing the token hitting $100,000 or more in 2022.

That’s a far reach from where the coin is actually ending this annus horribilis: $16,500.

[Bloomberg]

 

[Grubscrew]

16 500!

 

[Fuzzbox]

The only ones predicting $100000 are the hopefuls of leading more lambs to the slaughter,
to line their pockets even more.
To get to that no you must create HYPE.
Pump then DUMP.

 

[_TrXtR_]

Those experts speculate for a living.

 

[Iamn0tageek]

Well I'm still making lekke free money off crypto.

 

[Snyper564]

Well I'm still making lekke free money off crypto.

If money is being made risk is involved its anything but free.


Loads to be made of crypto but not "free"

 

[DapperDanMan]

Well I'm still making lekke free money off crypto.

Username checks out ... NOT!

 

[BBSA]

Well I'm still making lekke free money off crypto.

Free money comes from central banks and cause inflation. Is that not something crypto is supposed to solve?

 

[Iamn0tageek]

No I meant I take money I have and then trade with it, make profit while the bot does everything.

My last trade I made R12.5k odd with R500k capital over the course of 2 days.

That's money I didn't work for.

Trade = Crypto Arbitrage

 

[BBSA]

No I meant I take money I have and then trade with it, make profit while the bot does everything.

My last trade I made R12.5k odd with R500k capital over the course of 2 days.

That's money I didn't work for.

P.S. trade = Crypto Arbitrage

So the money you make is risk free?

 

[Iamn0tageek]

So the money you make is risk free?

No there's risk if I make a loss obviously.

But I get what you're saying.

Since trading from Oct 2021 I've made losses in 3 trades amounting to ZERO.

 

[BBSA]

No there's risk if I make a loss obviously.

But I get what you're saying.

Since trading from Oct 2021 I've made losses in 3 trades amounting to ZERO.

Sounds to good to be true....

 

[Iamn0tageek]

Sounds to good to be true..

It's legit.

 

[BBSA]

It's legit.

FTX was also legit.

 

[Snyper564]

It's legit.

is the bot in your hands? care to share?

are we talking stock standard sa/int arbitrage here?

 

[Snyper564]

FTX was also legit.

arb routes sitting at 2.45% at the moment so its not impossible. assuming we talking good ol arb. But my word if you making losses with an arb trade and three you doing it wrong >_<

 

[BBSA]

arb routes sitting at 2.45% at the moment so its not impossible. assuming we talking good ol arb. But my word if you making losses with an arb trade and three you doing it wrong >_

Could work as long as there is no counter party risk.

 

[kota]

My understanding of crypto arb trades between oversea and SA exchange, they are lower risk trades, but definitely not risk free, off the top of my head there is the risk of slippage / execution delays / currency fluctuation (unless you hedge the currency position with options etc) etc, so I can see money being lost even on arb trades if one makes a mistake or if there is a market moving event etc.
And then there is the SA exchange control that essentially limits on how many of these arb trades you can do in a year.
So I wonder if crypto arb is still a thing in SA now? I thought guys like Valr or something were also doing these arb trades for clients awhile back, but these died down now that the exchange rules made it takes longer to get the funds out of SA or something?

 

[Iamn0tageek]

is the bot in your hands? care to share?

are we talking stock standard sa/int arbitrage here?

I'm not so clued up as in being an expert.

I use capital, load the bot, and it "scans" the internet for price differences then buys / sells etc etc

A trade usually takes 24hrs

As far as I know it buys crypto overseas and sells it in ZA again, or the other way round.

 

[Snyper564]

I'm not so clued up as in being an expert.

I use capital, load the bot, and it "scans" the internet for price differences then buys / sells etc etc

A trade usually takes 24hrs

As far as I know it buys crypto overseas and sells it in ZA again, or the other way round.

Careful as this sounds like at circumventing sarb rules etc, can you share the bot, site etc

If this had fx etc in the mix different story

You need to be careful with things like this def not risk free also you can expose all your capital to someone just zapping it out if you dont know whats really happening.