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re: Official CryptoTalk Thread

Posted on 5/18/21 at 10:49 pm to
Posted by GREENHEAD22
Member since Nov 2009
20648 posts
Posted on 5/18/21 at 10:49 pm to
To be fair to crypto I have been selling a lot of my holdings lately and putting it on the sidelines.

Posted by Sho Nuff
Oahu
Member since Feb 2009
13639 posts
Posted on 5/18/21 at 10:49 pm to
I'm HODL but I'm seriously pissed off and would love a chance to punch Elon in his mouth. We should not be seeing what's happening right now.
Posted by GeneralLee
Member since Aug 2004
13953 posts
Posted on 5/18/21 at 10:50 pm to
The three month consolidation period with no parabolic spike up just looks really odd on the BTC chart compared to past cycles.
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 5/18/21 at 10:53 pm to
This time might really be different
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 5/18/21 at 11:08 pm to
BlockFi fricked up and paid rewards in BTC instead of USD. Like legit have users close to 4 million worth of BTC and now are threatening to sue the ones that took that money and ran
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82094 posts
Posted on 5/18/21 at 11:10 pm to
Lulz
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 5/19/21 at 12:22 am to
Added to SOL (obviously), ETH, SUSHI, YFI tonight
Posted by DVinBR
Member since Jan 2013
15376 posts
Posted on 5/19/21 at 12:53 am to
just a bear trap before $100k
Posted by PhillyTiger90
Not Phillytiger9
Member since Dec 2015
11711 posts
Posted on 5/19/21 at 6:07 am to
Dear God it’s a massacre this morning

All the top ones are down at least 15%
Posted by DowntheBayouTiger
Atlanta, GA
Member since Oct 2009
817 posts
Posted on 5/19/21 at 6:12 am to
We buying or waiting for more dips????
Posted by 21JumpStreet
Member since Jul 2012
14871 posts
Posted on 5/19/21 at 6:18 am to
Looks like tesla dumped the rest
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/19/21 at 6:19 am to
TA isn’t perfect anywhere but it does matter in crypto with certain formations like wedges because as you said, it tells you where the support is.

A few days ago I said we were gonna bounce between 42 and 45 and was almost exactly spot on.

I saw the wedge formation and told you guys we were either gonna shite the bed or rebound soon.

I woke up this morning to Bitcoin going for option A.
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
71314 posts
Posted on 5/19/21 at 6:27 am to
Stupid arse matic has been by far my biggest gain since I got into this rodeo a month ago. I still don't understand wtf is going on
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/19/21 at 6:28 am to
Tether is actually down 0.2% vs USD on binance.us

Indicates people are removing fiat from the ecosystem and not just going to stablecoin. Probably the worst sign we’ve seen thus far.
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
19618 posts
Posted on 5/19/21 at 6:28 am to
Elon going in
Posted by WG_Dawg
Member since Jun 2004
89796 posts
Posted on 5/19/21 at 6:28 am to
Am I crazy or is this a Godsend (unless you were plannign to cash out pretty soon..) opportunity to load the frick up on more? I'm a long time holder and pretty much the entirety of 17/18/19 was crappy feeling but after that as we've soared to new heights I sometimes chuckle and kick myself saying "man, I can't believe I could have had more ETH for less than 1K! Or BTC for less than 15K! I really missed out!" Yet here we are with another prime buying opportunity.

At this point I'm smiling huge bc I'm about to add bigtime to my holdings.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/19/21 at 6:33 am to
The path to long term success in crypto as I see it

Dollar Cost Average
Buy dips of -10%+
HODL

this is an unexpected and painful downturn, but if you are bullish on the ten year prognosis of some crypto projects and aren’t a speculator moving in and out of positions this could be construed as good news if your entire focus is minimizing cost basis
This post was edited on 5/19/21 at 6:35 am
Posted by 21JumpStreet
Member since Jul 2012
14871 posts
Posted on 5/19/21 at 6:36 am to
Definitely should have split my big buy in. Could of had two bitties instead
Posted by BottomlandBrew
Member since Aug 2010
29398 posts
Posted on 5/19/21 at 6:44 am to
quote:

Stupid arse matic has been by far my biggest gain


Same. My buy in wasn't that big as it was a dice roll, but damn if it isn't doing great.

But when I look at everything else, I just have to remind myself that I'm in it for the long haul and to not worry. Easier said than done as I watch all my ETH taking on water and listing to the starboard.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/19/21 at 6:49 am to
Oh if I had just stuck to my initial big buy in and DCA I’d be fine right now

Just like 2017 the problem is getting greedy and thinking we would never see this levels again and accelerating my DCA. My cost basis crept all the way up to 43k on BTC. Working to get that down now
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