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Started By
Message
re: Official CryptoTalk Thread
Posted on 3/15/24 at 7:52 am to Ron Cheramie
Posted on 3/15/24 at 7:52 am to Ron Cheramie
quote:
Yeah I bet the new to crypto crowd is going to have a rude awakening when they see that BTC drop last night
It's so easy to let emotions flip someone bearish but the bull case is still overwhelmingly strong.
The peak of this bull run is till 6-12 months away.
That said, if there is a black swan event and the stock market tanks, I expect BTC to tank 2x-5x whatever the general market does.
If that happens, we already know congress and the feds will not let a free market exist anymore. They will inject and pump us right back up.
1
Posted on 3/15/24 at 9:15 am to Ron Cheramie
quote:
Yeah I bet the new to crypto crowd is going to have a rude awakening when they see that BTC drop last nig
No concern from me. I see this as an arbitrage opportunity. Just moved a stack of FBTC to BTFX.
Posted on 3/15/24 at 1:55 pm to I Love Bama
quote:
It's so easy to let emotions flip someone bearish but the bull case is still overwhelmingly strong.
absolutely
Posted on 3/15/24 at 4:28 pm to boomtown143
Btc could drop to 50k and it wouldn’t invalidate the bull signals from a TA aspect
Posted on 3/16/24 at 4:52 pm to Ron Cheramie
quote:
Yeah I bet the new to crypto crowd is going to have a rude awakening when they see that BTC drop last night
I bought more.
Posted on 3/16/24 at 8:10 pm to Hateradedrink
In my opinion it’s a dip and rip situation. Things are going to get crazy end of this year early 25. Been saying this for a while. Anything could happen though, just be happy if your bags are packed bc I think we are close to liftoff
Posted on 3/16/24 at 9:49 pm to Hateradedrink
quote:
Btc could drop to 50k and it wouldn’t invalidate the bull signals from a TA aspect
I think we'll continue seeing some dips, sideways action, repeat, down potentially into that $50-60k range like you mentioned. Then see some accumulation in those ranges and get ready for that next leg up. Cooling down for a bit to let the market catch its breath and recalibrate only helps us in the long run. I wish I would have realized that back in 2017
This post was edited on 3/16/24 at 9:50 pm
Posted on 3/17/24 at 12:01 pm to TRUERockyTop
Read on Twitter that the dip was caused by an institution shorting microstrategy with $1billion and buying $1billion in BTC. They ended up having to sell the BTC to cover the short, or something like that. That then lead to btc long liquidations.
something to that extent
something to that extent
Posted on 3/17/24 at 12:55 pm to umrebel2009
Yeah that wouldn't surprise me. This dip smells like a liquidation event.
Posted on 3/17/24 at 4:09 pm to LordSaintly
Liquidation events can cascade but it’s important to note that the buy pressure is still basically the same. Buyers are not spooked.
Posted on 3/18/24 at 8:58 am to umrebel2009
quote:
Read on Twitter that the dip was caused by an institution shorting microstrategy with $1billion and buying $1billion in BTC. They ended up having to sell the BTC to cover the short, or something like that. That then lead to btc long liquidations.
something to that extent
That is exactly what happened. They covered but had to sell their $1B hedge of spot btc into the close on Friday, weekends are weak anyway with ETF buyers in the Hamptons.
noise^
ETFs inflows set a new record Friday.
signal^
Posted on 3/19/24 at 6:34 am to Art Blakey
How about the continued weakness today?
Posted on 3/19/24 at 8:13 am to slackster
outside of a quick wick, i think we see a bottom start to form here to start building for a strong monthly close
Posted on 3/19/24 at 8:47 am to RATeamWannabe
How are you guys buying on the SOL network? Coinbase Wallet swaps are temporarily disabled and hope to be up "this year"
Posted on 3/19/24 at 9:45 am to RATeamWannabe
Phantom Wallet/Jupiter DEX is where it is at. You can even gain points for the next airdrop of $jup. Drop 1 was somewhat unknown for a while and I still got $4k worth dropped to me at the end of January.
If you are talking shite coins, telegram bonk bot or photon is the way to trade those.
If you are talking shite coins, telegram bonk bot or photon is the way to trade those.
Posted on 3/19/24 at 9:48 am to RATeamWannabe
Watching these swings are WILD! Good lord what a bloodbath.
Posted on 3/19/24 at 9:55 am to I Love Bama
How about the exchange that had a wick to 12k? what a fricking buying opportunity for whoever set that years ago 
Posted on 3/19/24 at 9:56 am to I Love Bama
Also, 663 MILLION liquidated in the last 24 hours
Posted on 3/19/24 at 10:05 am to I Love Bama
Got my finger on the buy button. We needed this big time!
This post was edited on 3/19/24 at 10:07 am
Posted on 3/19/24 at 10:38 am to mach316
I threw in 5k last night. No idea why I ever F with this shite.
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