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re: Official CryptoTalk Thread
Posted on 5/16/21 at 12:29 pm to maclauer
Posted on 5/16/21 at 12:29 pm to maclauer
75% of my portfolio was BTC and ETH 
Ethereum was spoiling me with being green every day but today it and BTC are giving me a sad. If BTC drops much lower, I’m going to be in the red in it. Think my cost basis is like 43k.
Ethereum was spoiling me with being green every day but today it and BTC are giving me a sad. If BTC drops much lower, I’m going to be in the red in it. Think my cost basis is like 43k.
1
Posted on 5/16/21 at 1:03 pm to Ross
Relax bros
Posted on 5/16/21 at 1:14 pm to TigerTatorTots
graph is interesting but hopes the viewer doesnt understand each halvening will have a lower % increase than the previous.
the curve is a logarithm.
the curve is a logarithm.
Posted on 5/16/21 at 1:23 pm to Tiguar
I just converted my Graph and Bancor to ADA.
I lost 4% of my crypto portfolio today. Still up overall in the past week, month, year, etc.
I lost 4% of my crypto portfolio today. Still up overall in the past week, month, year, etc.
This post was edited on 5/16/21 at 1:26 pm
Posted on 5/16/21 at 1:48 pm to Tiguar
quote:
graph is interesting but hopes the viewer doesnt understand each halvening will have a lower % increase than the previous.
the curve is a logarithm.
Yep. The larger the market gets, the harder it is to push up on a % basis. The ceiling should be much lower but the floor much higher this cycle.
Posted on 5/16/21 at 2:09 pm to maclauer
I’ve been anticipating an 80% pull back from ATH but then again I would have expected at least 100k btc this cycle.
I may adjust my floor guess by the same amount if we have indeed seen the btc high.
It would put the floor around 25-30k instead of 13-20
I may adjust my floor guess by the same amount if we have indeed seen the btc high.
It would put the floor around 25-30k instead of 13-20
Posted on 5/16/21 at 2:41 pm to Tiguar
Would like to get some btc on this dip but wow, I’m waiting as long as I can
Really think under 40k soon?
Really think under 40k soon?
Posted on 5/16/21 at 3:01 pm to rocket31
quote:
the fact that musk can move the market so much when i feel hes unhinged concerns me.
yeah. I don't think anyone believes bitcoin is perfect but to go from owning $1.5B to this endless Twitter attack really is fascinating
This post was edited on 5/16/21 at 3:02 pm
Posted on 5/16/21 at 3:10 pm to rocket31
I think someone in government threatened him about Tesla and so he’s being blackmailed to kill bitcoin. All these corporations doing a sudden 180 is no coincidence. Someone in the deep state is out to kill bitcoin.
Posted on 5/16/21 at 3:12 pm to Crawdaddy
Soon? Dunno. Eventually? Yes
Posted on 5/16/21 at 3:14 pm to GeneralLee
I hate conspiracies but this shite smells rotten AF on Musk’s side won’t lie
Posted on 5/16/21 at 3:16 pm to GeneralLee
yea. I hate that what you're suggesting doesn't even seem unreasonable. this seems bigger than Elon
Posted on 5/16/21 at 3:20 pm to rocket31
I think it’s as simple as forcing the market sideways with fud for an early bear market to accumulate.
not saying Elon isn’t being told what to do- he is.
I just read an article where a Goldman Sachs executive retired because he hit in big on doge.
Really stinks to high heaven.
not saying Elon isn’t being told what to do- he is.
I just read an article where a Goldman Sachs executive retired because he hit in big on doge.
Really stinks to high heaven.
This post was edited on 5/16/21 at 3:21 pm
Posted on 5/16/21 at 3:26 pm to rocket31
Huge sell offs today. I’m going to inspect the damage tomorrow and set some limit orders fairly low.
Posted on 5/16/21 at 3:29 pm to Ross
Doge holding the 50 cent line tho. With all this ridiculousness, it really is one of the better portfolio hedges
Posted on 5/16/21 at 3:35 pm to maclauer
It’s like the GME of crypto.
Posted on 5/16/21 at 3:37 pm to maclauer
I think the near term r:r favors longs here. We might nuke down to 42 tonight / tomorrow to try post-58 February lows but should mean revert back toward 52-54 in the back half of the month.
As I posted earlier, the waters looked murky and I think the pre-Elon nuke level of 56-58 is the top for a good while until next catalyst
As I posted earlier, the waters looked murky and I think the pre-Elon nuke level of 56-58 is the top for a good while until next catalyst
Posted on 5/16/21 at 3:42 pm to maclauer
An hour ago Elon tweeted “Indeed” in response to a tweet suggesting Tesla would liquidate their Bitcoin position.
Good. Get the frick out dude. You suck.
Good. Get the frick out dude. You suck.
Posted on 5/16/21 at 3:45 pm to rocket31
In the same week our dumbass government was fricking with binance and kraken.
They can't stand seeing it happen and we knew it would be a fight.
They can't stand seeing it happen and we knew it would be a fight.
Posted on 5/16/21 at 3:53 pm to Ross
Here is another general rule.
Whenever you hear news of big institutional money buying into crypto, they already bought a long time ago.
When you hear of that same money liquidating, they sold a long time ago.
Whenever you hear news of big institutional money buying into crypto, they already bought a long time ago.
When you hear of that same money liquidating, they sold a long time ago.
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