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re: Official CryptoTalk Thread

Posted on 5/19/21 at 8:52 am to
Posted by slackster
Houston
Member since Mar 2009
91271 posts
Posted on 5/19/21 at 8:52 am to
quote:

exchanges hosed up.


Makes you wonder if this pause/rally is artificial for the time being.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/19/21 at 8:52 am to
It looks like from reading around this crash was caused by a bunch of degenerates on binance getting liquidated.

Really happening at a bad time.
Posted by slackster
Houston
Member since Mar 2009
91271 posts
Posted on 5/19/21 at 8:52 am to
quote:

Yeah I just don't get selling at a loss. Even if you have to wait 2 more years to get back to where you bought at... frick it.


That’s typically a terrible strategy too.

Opportunity cost works both ways.
Posted by stout
Porte du Lafitte
Member since Sep 2006
179060 posts
Posted on 5/19/21 at 8:56 am to
I am trying to buy some more of a few coins but Kucoin and Coinbase both are slooooooooooow or won't even let me log in.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10603 posts
Posted on 5/19/21 at 8:57 am to
DITM calls are cheap out to 2022.
Posted by GREENHEAD22
Member since Nov 2009
20505 posts
Posted on 5/19/21 at 8:57 am to
I bought back in on CB
Posted by rocket31
Member since Jan 2008
41884 posts
Posted on 5/19/21 at 8:58 am to
it's going to be interesting to see if whales added to their stacks once this mess simmers down
Posted by BaddestAndvari
That Overweight Racist State
Member since Mar 2011
18663 posts
Posted on 5/19/21 at 9:00 am to
I bought a decent chunk of BTC this morning, we finally saw sub-.5 risk this morning, it was nice
Posted by I Love Bama
Alabama
Member since Nov 2007
38420 posts
Posted on 5/19/21 at 9:01 am to
quote:

we finally saw sub-.5 risk this morning, it was nice


What does this mean?

My net worth is getting crushed right now between bitcoin and Tesla.
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/19/21 at 9:02 am to
I’m really struggling to ready any short term tea leaves.

The only remote pattern I see is a bottom repulse from 30k and bouncing off the 25 day MA line on the 2h chart on binance the last 5 days which is now at 42k but that doesn’t account for the bed shitting this morning.

Too volatile still
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21076 posts
Posted on 5/19/21 at 9:05 am to
I like it — trying to buy!

Had to use regular CB and got nailed with those BS fees

Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21076 posts
Posted on 5/19/21 at 9:06 am to
Seems this is a lot of leverage fear that pervades to other holders too

People have short triggers these days
Posted by BaddestAndvari
That Overweight Racist State
Member since Mar 2011
18663 posts
Posted on 5/19/21 at 9:07 am to
quote:

What does this mean?

My net worth is getting crushed right now between bitcoin and Tesla.


Risk is up to 1, the closer you get to 1 the more risky the purchase. BTC has been hovering at around .8 the last 6 months, it finally dropped below .5 (perfect buying potential) this morning.
Posted by Nguyener
Kame House
Member since Mar 2013
21057 posts
Posted on 5/19/21 at 9:07 am to
Welp I’ve lost enough money now that I’ll just ride the free fall to 0 and see what happens I suppose
Posted by I Love Bama
Alabama
Member since Nov 2007
38420 posts
Posted on 5/19/21 at 9:07 am to
Long time no see bro! Damn it has been a minute.

Back to the topic - We will look back at this opportunity 5 years from now and wish we all played it a certain way.

Which way, I have no idea.
Posted by Modern
Fiddy Men
Member since May 2011
16967 posts
Posted on 5/19/21 at 9:10 am to
I missed the buying potential this morning by 15min…..Was down to 29k.

Posted by I Love Bama
Alabama
Member since Nov 2007
38420 posts
Posted on 5/19/21 at 9:11 am to
She still has plenty of room to go down.
Posted by dagrippa
Saigon
Member since Nov 2004
11911 posts
Posted on 5/19/21 at 9:14 am to
quote:

My net worth is getting crushed right now between bitcoin and Tesla.


My 401k has too much tesla. I sold my shares when ELon attacked btc. He's contributed greatly to my poverty.
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21076 posts
Posted on 5/19/21 at 9:14 am to


Looks like we’re both managing different forms of property these days

And to your point - people will wish they bought. Period.

Pricing Sats to Dollars will prove to be a mistake for many. Stack sats and chill!
Posted by tigersfan1989
Baton Rouge
Member since Oct 2018
1265 posts
Posted on 5/19/21 at 9:18 am to
Hoping we see Bitcoin in the teens today
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