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re: Official CryptoTalk Thread
Posted on 7/31/21 at 9:25 am to Hulkklogan
Posted on 7/31/21 at 9:25 am to Hulkklogan
There will be a winter; whales will make sure of it somehow. They have to continue making money and they cannot make money if the market only ever goes up.
BTC running to 100k and then dropping back down to 25-30 is a higher chance outcome now than it was 2 weeks ago and would check every single box of expectation for a BTC cycle as well as explain why 25-30k was impossible to chew through.
I am just going to say use caution because the market is still very fragile- btc essentially has to keep hitting 1.0000 up until it breaks the previous ATH, but it can do it.
BTC running to 100k and then dropping back down to 25-30 is a higher chance outcome now than it was 2 weeks ago and would check every single box of expectation for a BTC cycle as well as explain why 25-30k was impossible to chew through.
I am just going to say use caution because the market is still very fragile- btc essentially has to keep hitting 1.0000 up until it breaks the previous ATH, but it can do it.
2
Posted on 7/31/21 at 10:15 am to Tiguar
Yeah I'm just continuing to DCA and buy eth/BTC with yield from farming, which basically just fortifies the DCA.
I'd like to drop a good stack into crypto with the market being primed for a run, but we are about drop a bunch of fiat on detached office space for me.
I'd like to drop a good stack into crypto with the market being primed for a run, but we are about drop a bunch of fiat on detached office space for me.
This post was edited on 7/31/21 at 10:21 am
Posted on 7/31/21 at 10:16 am to Tiguar
yea this is a tricky spot to buy in short term
the 30k entry was the move two weeks ago but if you missed this current leg up, I'm undecided on the "wise" play moving fwd
the 30k entry was the move two weeks ago but if you missed this current leg up, I'm undecided on the "wise" play moving fwd
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