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re: Official CryptoTalk Thread

Posted on 5/12/21 at 7:19 pm to
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61865 posts
Posted on 5/12/21 at 7:19 pm to
I lucked out and avoided this drop because half of my stack is in stable coins and half is in shitcoins that didn’t shite the bed too badly. #blessed
Posted by CecilShortsHisPants
One Foty Fo uh uh Magnolia Screet
Member since Oct 2012
3750 posts
Posted on 5/12/21 at 7:20 pm to
AAAAHHHHH. WHAT IS HAPPENNINGGGGG????!!!!
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 5/12/21 at 7:22 pm to
USDC gonna fall to $0.50.
Posted by GeneralLee
Member since Aug 2004
13956 posts
Posted on 5/12/21 at 7:23 pm to
Elon probably lost half his fan base with this stunt. Whole thing seems so odd though, like maybe he was forced into this by the SEC or something.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 5/12/21 at 7:23 pm to
Or maybe he created the dip to buy it
Posted by castorinho
13623 posts
Member since Nov 2010
86988 posts
Posted on 5/12/21 at 7:25 pm to
quote:

Or maybe he created the dip to buy it


If I had a gun to my head and had to guess right, that's the theory I'd go with.

I know I shouldn't be surprised, but I am still surprised by how much his comments moved the market.
Elon says a lot of things, people should have figured that by now.
Posted by GeneralLee
Member since Aug 2004
13956 posts
Posted on 5/12/21 at 7:27 pm to
This is way worse than the “taking Tesla private at $420” tweet. Dude is manipulating an entire asset class.
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 5/12/21 at 7:27 pm to
Elon can eat a bag of dicks

It will take a long time for BTC to reclaim the highs and 55-57 will likely be a thicc resistance level

The window is here for ETH to flip imo
Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5535 posts
Posted on 5/12/21 at 7:28 pm to
quote:

I'm trying to buy and Coinbase Pro is down. frick


I picked up some BTC at 48,100 and some Ether at 3,850

Now I need to turn off the computer and quit checking the prices.
This post was edited on 5/12/21 at 7:30 pm
Posted by 98eagle
Member since Sep 2020
3151 posts
Posted on 5/12/21 at 7:28 pm to
I just watched Bitcoin tank to $46.5K and then quickly back up to $52.6K. Rollercoaster ride.
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21082 posts
Posted on 5/12/21 at 7:32 pm to
this is amazing to watch

had some limit orders sitting in the 46k range for weeks (believed to be support but whatever)

and then BAM BAM BAM they all hit in minutes

this shite is crazy
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/12/21 at 7:34 pm to
we’re fighting back boys
Posted by castorinho
13623 posts
Member since Nov 2010
86988 posts
Posted on 5/12/21 at 7:37 pm to
quote:

It will take a long time for BTC to reclaim the highs and 55-57 will likely be a thicc resistance level

The window is here for ETH to flip imo
ehhh. I'd bet this dies down pretty quickly.
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21082 posts
Posted on 5/12/21 at 7:40 pm to
just wait till the market finds out Zuck put Bitcoin on the Facebook balance sheet
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/12/21 at 7:40 pm to
maybe..

the thing is, the next tweet he makes could even be worse.
This post was edited on 5/12/21 at 7:41 pm
Posted by Powerman
Member since Jan 2004
171199 posts
Posted on 5/12/21 at 7:42 pm to
I'm going to see how things play out overnight and if there is a further dip I'm going to go discount shopping.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 5/12/21 at 7:42 pm to
quote:

Now I need to turn off the computer and quit checking the prices.


Yeah, I bought the dip a few hours ago from the Vitalik news, checked in on the portfolio 15m ago to see the damage from Elon and said "whelp....don't open this app again for a while".
This post was edited on 5/12/21 at 7:43 pm
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 5/12/21 at 7:42 pm to
quote:

ehhh. I'd bet this dies down pretty quickly.


We hit 58 in February and outside Coinbase hype into mid60s last month we’ve struggled to find buyers above that level for 3 months

The long term outlook shouldn’t be impacted but new highs will be difficult for a bit without a new catalyst
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/12/21 at 7:47 pm to
yea. I think other cryptos have the moat right now





Posted by AMS
Member since Apr 2016
6535 posts
Posted on 5/12/21 at 7:49 pm to
quote:

Or maybe he created the dip to buy it


If I had a gun to my head and had to guess right, that's the theory I'd go with.

I know I shouldn't be surprised, but I am still surprised by how much his comments moved the market.
Elon says a lot of things, people should have figured that by now.



this would be my guess. im betting he knew he was gonna tank doge by calling it a hustle etc and sold after ungodly gains by selling it. then he can shite on BTC to get a better buy in.
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