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To those of you invested in crypto during the March 2020 / Covid crash, what was it like?
My observations regarding Bitcoin and the markets this week:
My observations regarding Bitcoin and the markets this week:
My observations regarding Bitcoin and the markets this week:
Why I'm short since 31k yet not bearish overall
DeFi Protocol 0VIX Loses Nearly $2M in Flash-Loan Exploit
DeFi Protocol 0VIX Loses Nearly $2M in Flash Loan Exploit
Mentions
Maybe it’s like the VIX? But world wide
Meh probably around $5-6k this year maybe $8-9k next year barring a bear market. It also has a fairly strong correlation with the S&P. BTC and ETH are good indicators of fear like VIX for the market now. The first the fall the last to rise. If you look at the stock market rise late last year it preceded the crypto rise early this year. Now they’ve fallen it’s probably a harbinger that the money that will propel this assets upwards has outflowed outwards to safer assets.
It’s a decay instrument.. similar to how the VIX behaves. your exposing yourself to btc in an exploitive way. When things are up you make money. When things are down you will get rinsed.
It’s a volatile asset and has literally always been…invest in t-bills and put cash under your mattress if you don’t like volatility. Only cowards short the VIX.
FWIW I feel the need to remind everyone to read the prospectus on each and every new crypto ETF/ETN and look for the particular statement that documents whether the fund is based on the coin’s futures contract or the actual physical coin. Volmageddon was an event a decade ago where another “strategy” linked to VIX futures went broke. If your ETF/ETN is tied to the coin’s future’s contract, consider this your warning just to stay away all together
Caitlin is right that you can leverage the Bitcoin ETFs and create a huge risk to Bitcoin's price. That happened with the housing crisis. That also happened when the XIV inverse VIX ETF liquidated in a single night. Leveraged products and derivatives have a high risk of liquidating and taking out their investors. But this isn't a security or custodian risk, and this doesn't affect the original non-derivative ETF. When XIV imploded, VIX was fine. When the financial crisis happened, all housing ETFs were fine, including REITs. Plenty of subprime loans defaulted as were designed to do. Many were also illegal, but that's a separate topic. Leveraged ETFs and derivatives are designed to liquidate like loans, but non-leveraged ETFs aren't designed to shut down. Caitlin is warning about those leveraged and derivatives products. Now plenty of ETFs shut down every month, but it's due to lack of interest, no due to the failure of their underlying assets. So I suppose one benefit of the Fidelity Bitcoin ETF is that as long as it's popular, it has a much smaller chance of having a planned closure.
Again, you are going to have to read the prospectus on all these ETFs and potential ETNs separately. Make sure the funds are made up of actual coins and not futures contracts. This was a big shock to many who invested in VIX ETFs/ETNs particularly XIV and woke up one morning to see the ETN went from 150 to close to 0 in a day because the fund couldn’t buy anymore futures contracts. These funds and the banks that create these funds are in it for themselves and will screw you in the long run.
You can’t be a trader unless you have at least 4 monitors, one for the daily chart, one for the monthly chart, the next with VIX charts and the final for the gay furry porn.
Here's a [Bloomberg article](https://www.bloomberg.com/news/articles/2023-08-01/bitcoin-turns-less-volatile-than-s-p-500-tech-stocks-and-gold#xj4y7vzkg) from August that asserts BTC 30-day volatility at 5-yr lows, lower than SPY and gold. I believe the data was from [this VanEck research](https://www.vaneck.com/us/en/blogs/digital-assets/bitcoin-less-volatile-than-many-sp-500-stocks/), but there have been similar studies. There's also an [index here](https://buybitcoinworldwide.com/volatility-index/) that works similarly to VIX. There's others as well if you search them.
Ask them if it's ok to send your money to options exchange because you prefer triple leveraged options on the VIX. Banks are so damned desperate to have any excuse to shadow ban crypto it's just sad. In UK chase literally won't let you send YOUR money to crypto exchanges but perfectly happy to do so to stock exchanges, and the gambling companies ran by essentially the government. Yeah .. crypto is worse than literal gambling. The hypocrisy is just dumb.
Troubling week ahead and the VIX is still 7% off its 6-month highs, it could certainly get worse.
VIX above 18 is because of government shutdown impending shitstorm
VIX > 18 All markets gonna be shaky
Maybe crypto needs a VIX coin
0DTE options killed the VIX. Need to watch VVIX to get anything meaningful now.
If you’re scared of volatility , buy VIX
Stock market is fake green rn, VIX is still high and apple is bleeding. I see red this week
We need a VIX on the SEC logic
Oh yea almost forgot Macro schedule of this week: Monday: - China GDP - China Unemployment Tuesday: - US Retail Sales - US Industrial Production Wednesday: - Eurozone CPI - US Housing starts + permits - VIX OPEX Thursday: - US Jobless Claims - US Existing Home sales Friday: - Japan CPI - Equity OPEX Earnings season also kicks off with major banks reporting as well as Tesla, Netflix and TSM on the big tech side
tldr; The recent filing of spot bitcoin ETFs by BlackRock, Invesco, and WisdomTree has buoyed the crypto market, with bitcoin rising over 20% in the past eight days. However, traditional market indicators suggest risk aversion ahead, with the spread between the most expensive VIX futures contract and the index itself widening to levels that have historically marked major tops in the S&P 500 benchmark equity index. The widening of junk bond spreads and declines in oil and traditional inflation hedges like gold and silver also suggest a deflationary bust ahead, which is bearish for bitcoin and other risk assets. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
So then people move their money out of BTC assuming things are stable, and the VIX being low indicates that there's extremely low volatility. Gotcha, that makes sense.
Btc is a store of value, when theres stability in the markets and the economy, people will move their money. The VIX is below 14; crazy low.
Rest of the list some you can't mention, some mirror of stocks that are definitely securities https://cointelegraph.com/news/sec-labels-61-cryptocurrencies-securities-after-binance-suit n addition, the SEC has deemed that these 13 Mirror Protocol mAssets are securities: Mirrored Apple Inc. (mAAPL), Mirrored Amazon.com, Inc. (mAMZN), Mirrored Alibaba Group Holding Limited (mBABA), Mirrored Alphabet Inc. (mGOOGL), Mirrored Microsoft Corporation (mMSFT), Mirrored Netflix, Inc. (mNFLX), Mirrored Tesla, Inc. (mTSLA), Mirrored Twitter Inc. (mTWTR), Mirrored iShares Gold Trust (mIAU), Mirrored Invesco QQQ Trust (mQQQ), Mirrored iShares Silver Trust (mSLV), Mirrored United States Oil Fund, LP (mUSO), Mirrored ProShares VIX Short-Term Futures ETF (mVIXY).
https://cointelegraph.com/news/sec-labels-61-cryptocurrencies-securities-after-binance-suit n addition, the SEC has deemed that these 13 Mirror Protocol mAssets are securities: Mirrored Apple Inc. (mAAPL), Mirrored Amazon.com, Inc. (mAMZN), Mirrored Alibaba Group Holding Limited (mBABA), Mirrored Alphabet Inc. (mGOOGL), Mirrored Microsoft Corporation (mMSFT), Mirrored Netflix, Inc. (mNFLX), Mirrored Tesla, Inc. (mTSLA), Mirrored Twitter Inc. (mTWTR), Mirrored iShares Gold Trust (mIAU), Mirrored Invesco QQQ Trust (mQQQ), Mirrored iShares Silver Trust (mSLV), Mirrored United States Oil Fund, LP (mUSO), Mirrored ProShares VIX Short-Term Futures ETF (mVIXY).
Things will only get Grizzly is the VIX breaks 60 and there’s a major issue with tradfi. With VIX above 75 I could see bear whales taking us on a flash wick to $12-13k. Would be amazing, and I will surely have a ladder of limit buys if it starts to show on the horizon.
1 hour ago I said “Does anyone feel like we are on a crossroad right now” A whale read that and said… Allright 
That VIX rejection off of 17.5 is crazy. We're back to under 16.5.
Im not being pessimistic, VIX is out of control high and people are dumping everything everywhere. Nothing has anything to be optimistic about. This is a realistic forecast.
Much like investing in the VIX, or even options. BITC is similar. There are no earnings, no assets, and you can only get out if people want to buy you out. It's just a way of making a trade.
tldr; In April 2023, ETH will undergo a Shanghai upgrade to become a proof-of-stake (PoS) blockchain, which is expected to significantly improve the network's performance. Bitcoin’s upcoming release of coins recovered from the Mt. Gox hack of 2014 could also affect the crypto market. Inflation, the Dollar Index, VIX, FOMC meetings and bond yields are some of the major determinants that dictate the price direction of crypto. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
I have no support from my family, friends or wife. The family wants me out as soon as I break even, same for my wife. The friends think crypto is a very bad investment (but they want to make money with the VIX indicator).
Traditional markets have VIX, here in crypto we have OP’s balls
I follow 35 tokens over time, and all of them (100%) have broken the mid Jan (2023) support. No exceptions. The question I'm asking myself and trying to find answer for, are they going to hit the December lows? And if they do, what is it going to end up happening after that? Are they going to go even further down and break the late Dec (2022) support? I've waited 9 weeks to see some bad news, and now the market is making a move (f\*ck me side ways, the VIX jumped over 28 today). The burning question is, should I wait or is this the last chance we get to buy low? I'm mostly asking this question for a short term investment I'm setting up. The cure for the long term is DCA'ing, and I always pull the trigger in the valleys.
Silicon Valley Bank, $SIVB, This Week: 1. Rumors of failure emerge 2. Bank run begins 3. Takes $1.8 billion loss on bond portfolio 4. Fails to raise capital to cover loss 5. Potential sale of company announced 6. SVB shut down by regulators 7. VIX is now traded below 20 $
Agree with you I also forgot a mention to the VIX and % people living paycheck to paycheck whilst maxing their credit cards. I even saw something about a comparison huge between the amount of existing credits to buy cars vs the risky real state ones that caused 2007-8 crisis. Many things going on, hard to summarize and cool to have users adding info :)
There were some other new factors. Stock market dropped, but it is noteworthy that VIX shot up (a lot). There is worry about banks failing. So Silicon Valley might have a harder time getting funding.
It won’t happen anytime soon. You have to learn to play along with it. Even in traditional finance there is VIX (volatility index) to measure stock market volatility. And you can trade on it as well