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re: Official CryptoTalk Thread

Posted on 5/19/21 at 7:59 am to
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 5/19/21 at 7:59 am to
Damn. shite is in free fall
Posted by JayDeerTay84
Texas
Member since May 2013
9953 posts
Posted on 5/19/21 at 8:00 am to
quote:

Holy crap.. BTC at 32K, Ethereum at $2,100, ADA at $1.05... which is the best buy?


Posted by slackster
Houston
Member since Mar 2009
91271 posts
Posted on 5/19/21 at 8:01 am to
Polkadot down 48% in the last hour on Voyager. Dear Lord.

Solid half of my crypto position early this morning. The cash I s now equivalent to like 70% of my crypto account.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/19/21 at 8:01 am to
If you watch the order book on binance for a few minutes set to 100, you can actually see bots put up and take down massive sell orders
Posted by CidCock
Member since Sep 2007
Member since Feb 2011
8685 posts
Posted on 5/19/21 at 8:01 am to
No loss is real til realized, no loss is real til realized, no loss is real til realized
This post was edited on 5/19/21 at 11:11 am
Posted by slackster
Houston
Member since Mar 2009
91271 posts
Posted on 5/19/21 at 8:02 am to
quote:


If you watch the order book on binance for a few minutes set to 100, you can actually see bots put up and take down massive sell orders


Tin foil approach. I like it.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/19/21 at 8:03 am to
There ain’t nothin tin foil about that my friend


Arbitrage bots are a very real thing
Posted by Smoke7024
Member since Jun 2010
23885 posts
Posted on 5/19/21 at 8:06 am to
Coinbase has shite the bed. Can't get in.
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21076 posts
Posted on 5/19/21 at 8:08 am to
Duck them —- cannot even logon all morning
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/19/21 at 8:10 am to
You better start believing in bear markets....



....you’re in one
Posted by slackster
Houston
Member since Mar 2009
91271 posts
Posted on 5/19/21 at 8:10 am to
Voyager still operating by some miracle.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/19/21 at 8:11 am to
Because everyone already left it
Posted by stout
Porte du Lafitte
Member since Sep 2006
179060 posts
Posted on 5/19/21 at 8:11 am to
quote:

No loss is real til realized, no loss is real til realize, no loss is real til realized




Yea I keep telling myself that. I at least got my initial investment back but damn it sucks losing over $200K in value in a month.
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5522 posts
Posted on 5/19/21 at 8:12 am to
This was from the altcoin discord yesterday at 10am

quote:

heads up but we could possibly see another move down on BTC soon. I’d average down or look to getting back into positions around 38k if we get there


Just now
quote:

deep red today will likely signal a bounce and a green day tomorrow. Check back in 2013 when the markets dipped like this. A few weeks later btc hit a new ath


Think positive




Right?








This post was edited on 5/19/21 at 8:14 am
Posted by slackster
Houston
Member since Mar 2009
91271 posts
Posted on 5/19/21 at 8:12 am to
So the entire “store of value” theory is still a long, long way off when you can fall 17% in an hour and 40% in a week.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11825 posts
Posted on 5/19/21 at 8:13 am to
I think there's a crypto Hwang that blew up full capitulation
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 5/19/21 at 8:13 am to



Time to pick up some ETH for me
Posted by BottomlandBrew
Member since Aug 2010
29153 posts
Posted on 5/19/21 at 8:13 am to
I saw that too. Makes me hopeful. Until then, I ride this thing down.

Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/19/21 at 8:14 am to
It’s also worth mentioning that the break even point for btc mining is around 16,500 right now with an average kWh price of 0.05.

Btc falling below 32k now is similar to btc falling below 12k from ATH in 2018.

You’ll probably see a rebound but I’d be real skeptical and need to see something materialize to suggest we’re going to surpass this cycles current ATH
This post was edited on 5/19/21 at 8:19 am
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 5/19/21 at 8:15 am to
Kucoin shitting the bed now too
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