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re: Get prepared for the pending crypto crash
Posted on 5/11/21 at 9:28 pm to TigerTatorTots
Posted on 5/11/21 at 9:28 pm to TigerTatorTots
quote:
My point still stands though when talking about the Poli board which is very heavily leaning conservative but many of those folks are anti bitcoin. Boggles my mind
Because many that post there are simple minded and politics have rotted their brain. I say that as a devout libertarian.
They’d rather rant about how the government will ruin everything than actually think practically about how they might come to be
1
Posted on 5/11/21 at 10:53 pm to Ross
quote:
Because many that post there are simple minded and politics have rotted their brain. I say that as a devout libertarian.
Like many posters here.
Posted on 5/12/21 at 8:45 am to Powerman
quote:I started a poll over there and man, I admit I was wrong. I'm shocked at the response. Maybe just the loudest voices are the anti ones
I don't think the poliboard is anti Bitcoin...
This post was edited on 5/12/21 at 8:46 am
Posted on 5/12/21 at 9:19 am to TigerTatorTots
quote:Well, I got a nasty gram for starting a bitcoin poll on politalk. Last I saw before they deleted the thread was 65 pro bitcoin votes and 5 anti bitcoin votes.
I started a poll over there and man, I admit I was wrong. I'm shocked at the response. Maybe just the loudest voices are the anti ones
Posted on 5/12/21 at 9:27 am to TigerTatorTots
I think y'all are mistaking pessimism towards the government with being bitcoin haters or thinking they "want" it to fail. Right wingers have been taking L's for a few decades so it's probably just general nihilism about freedom and markets.
On another note have y'all figured out a way to value the network? Or where you could point me to that would?
On another note have y'all figured out a way to value the network? Or where you could point me to that would?
Posted on 5/12/21 at 10:20 am to wutangfinancial
BTC has a huge head and shoulders on negative divergence
Look out below
ETA: Daily AND Weekly timeframes
Look out below
ETA: Daily AND Weekly timeframes
This post was edited on 5/12/21 at 10:24 am
Posted on 5/13/21 at 12:01 pm to RobbBobb
Wow, they have turned this up a whole notch. Wasnt expecting it this quickly. This article was published on 5/8/21, then Elon Musk slams BTC just days later and it drops $10,000.
I wasnt sure how they planned to do it, but it looks like theyve gone after BTC in a full frontal assault, assuming it will bring down all other miners with it
Will be interesting to see how far and how fast BTC falls
I wasnt sure how they planned to do it, but it looks like theyve gone after BTC in a full frontal assault, assuming it will bring down all other miners with it
Will be interesting to see how far and how fast BTC falls
Posted on 5/13/21 at 1:01 pm to RobbBobb
quote:
Wow, they have turned this up a whole notch. Wasnt expecting it this quickly. This article was published on 5/8/21, then Elon Musk slams BTC just days later and it drops $10,000.
I wasnt sure how they planned to do it, but it looks like theyve gone after BTC in a full frontal assault, assuming it will bring down all other miners with it
Will be interesting to see how far and how fast BTC falls
you realize we are all projecting a halving cycle right? most assume starting late summer, early fall based on previous cycles but we all expect to see sub 40k btc at some point or whatever the halving cycle takes us to.
This post was edited on 5/13/21 at 1:02 pm
Posted on 5/13/21 at 1:13 pm to lsu777
quote:
you realize we are all projecting a halving cycle right?
uh, this is not a cycle event. We were less than a year out from the last cycle. An article by an major publisher, and a statement by a huge investor are planned hits, not halving events
I started this topic because of the actions Ive seen that is targeting crypto. Its here now. Faster than I anticipated. And they arent going to stop. Tying crypto to energy use was a brilliant move on their part.
The halving cycle is still to come
Posted on 5/13/21 at 1:16 pm to RobbBobb
And they have done the same to small and micro caps since Feb.
They actually even blew the tops off of most of them on very heavy volume before crashing them.
They actually even blew the tops off of most of them on very heavy volume before crashing them.
This post was edited on 5/13/21 at 1:17 pm
Posted on 5/13/21 at 1:17 pm to lsu777
It’s gonna go way lower than 40
Posted on 5/14/21 at 10:16 am to Tiguar
quote:
uh, this is not a cycle event. We were less than a year out from the last cycle. An article by an major publisher, and a statement by a huge investor are planned hits, not halving events
I started this topic because of the actions Ive seen that is targeting crypto. Its here now. Faster than I anticipated. And they arent going to stop. Tying crypto to energy use was a brilliant move on their part.
The halving cycle is still to come
yea ok
quote:
It’s gonna go way lower than 40
im expecting a bottom of 20ish which is the peak of last cycle. and that is huge progress.
Posted on 5/19/21 at 12:02 am to RobbBobb
I have to admit that I am surprised at how fast and far BTC is leading this decline. I actually never thought BTC would get below 39,000 in this round, because this drop was based off 1 magazine article and 1.5 tweets
And now you have this
And now you have this
quote:
On Tuesday, three Chinese banking and payment industry bodies issued a statement warning financial institutions not to conduct virtual currency related business.
Posted on 5/19/21 at 7:14 am to RobbBobb
Same playbook from 2018.
Btc will crash 75% from previous ATH and sit flat for awhile and repeat the cycle.
Btc will crash 75% from previous ATH and sit flat for awhile and repeat the cycle.
Posted on 5/19/21 at 7:17 am to Tiguar
quote:
Same playbook from 2018.
Btc will crash 75% from previous ATH and sit flat for awhile and repeat the cycle.
same as 2014. not sure if this is the crash or not but thats gonna happen. prolly settle between 20-30k for most of the cycle.
Posted on 5/19/21 at 7:17 am to lsu777
quote:
im expecting a bottom of 20ish which is the peak of last cycle. and that is huge progress.
So if BTC gets into the low 20s that would probably be good timing to dump more into the crypto market presumably?
Posted on 5/19/21 at 7:19 am to Powerman
quote:
So if BTC gets into the low 20s that would probably be good timing to dump more into the crypto market presumably?
well i wouldnt be surprised if it drops below 20 thenrebounds and settles in the 23-27 range. I shoud say that is what i am expecting.
Posted on 5/19/21 at 7:29 am to RobbBobb
Robbobb.. so what is your take? Just making money on shorting or trying to get in at lower entry or the beginning of end of the crypto boom?
Posted on 5/19/21 at 7:30 am to lsu777
I'm just trying to time my next buy in. I'll probably buy in some more in the upcoming weeks since the dip is already pretty substantial
But I don't want to dump everything in now if it continues to pull back
Guess I just need to DCA it
But I don't want to dump everything in now if it continues to pull back
Guess I just need to DCA it
Posted on 5/19/21 at 7:43 am to Powerman
Two plays:
1. Call it a day and check back in 6-12 months and dump your fiat then “set and forget”
2. Watch markets for sign of a rebound to try to swing trade your way up to the cycles possible max of 100k.
I’m a pussy so I’m #1
1. Call it a day and check back in 6-12 months and dump your fiat then “set and forget”
2. Watch markets for sign of a rebound to try to swing trade your way up to the cycles possible max of 100k.
I’m a pussy so I’m #1
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