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re: Official CryptoTalk Thread
Posted on 5/23/21 at 11:41 am to CajunTiger78
Posted on 5/23/21 at 11:41 am to CajunTiger78
Realistically, how deep do you veterans see BTC falling?
Is it better to go in on BitCoin or ETH at these current lows? And which one is closer to it’s bottom IYHO?
I remember like 10 or maybe just 8 days ago, when it dropped to 52, I jumped in thinking what a score!!!$$$$
This must be what it felt like in Nam. Every night thinking/hoping this onslaught is over. And then awaken to more blood bath. Then, you think they’ve gotta run out of people eventually and this constant attack will stop. But it just. Won’t. Stop.
Is it better to go in on BitCoin or ETH at these current lows? And which one is closer to it’s bottom IYHO?
I remember like 10 or maybe just 8 days ago, when it dropped to 52, I jumped in thinking what a score!!!$$$$
This must be what it felt like in Nam. Every night thinking/hoping this onslaught is over. And then awaken to more blood bath. Then, you think they’ve gotta run out of people eventually and this constant attack will stop. But it just. Won’t. Stop.
3
Posted on 5/23/21 at 11:41 am to Ross
This gives the "im too late" group another chance.
I'm trying to come up with a re entry strategy. Cake farming? Stack blue chip alts? DCA into btc? All of the above?
I'm trying to come up with a re entry strategy. Cake farming? Stack blue chip alts? DCA into btc? All of the above?
Posted on 5/23/21 at 11:48 am to Michael J Cocks
I think btc is closer to its floor than other alts.
Btc probably 33-40% away from its current value to around the floor.
Ethereum closer to 60-80% away from floor.
This is all assuming you believe a 75% and 90% drop from cycle ATH during crypto winter and if you think we’ve ended the cycle prematurely.
Btc probably 33-40% away from its current value to around the floor.
Ethereum closer to 60-80% away from floor.
This is all assuming you believe a 75% and 90% drop from cycle ATH during crypto winter and if you think we’ve ended the cycle prematurely.
Posted on 5/23/21 at 11:48 am to Ross
quote:
This is definitely why people say don’t put in more than you can afford to lose
this week has sucked massively
Longed BTC, ETH, and more SOL today. Set some limit buys in the low 20s BTC and low 1s ETH. Time to head to the woods and hope for the best.
Posted on 5/23/21 at 11:52 am to maclauer
Every single altcoin looks like it was exit scammed on the chart. Never seen anything like this. This was like half of 2018 in a week
Posted on 5/23/21 at 11:56 am to DallasTiger11
I read a post on Reddit theorizing that institutions are in a liquidity crisis because of the state of the stock market and how it may be about to crash.
Institutions are allegedly liquidating crypto to balance their books.
This would actually explain a lot if it were true. It would explain why the bull run ended early, if it has indeed ended.
LINK
Institutions are allegedly liquidating crypto to balance their books.
This would actually explain a lot if it were true. It would explain why the bull run ended early, if it has indeed ended.
LINK
This post was edited on 5/23/21 at 12:16 pm
Posted on 5/23/21 at 12:16 pm to Michael J Cocks
quote:
I remember like 10 or maybe just 8 days ago
It’d be even more concerning if you didn’t remember last week
But you have to try to forget for a minute here.
Posted on 5/23/21 at 12:23 pm to Tiguar
quote:
I read a post on Reddit theorizing that institutions are in a liquidity crisis because of the state of the stock market and how it may be about to crash.
Institutions are allegedly liquidating crypto to balance their books.
This would actually explain a lot if it were true. It would explain why the bull run ended early, if it has indeed ended.
Yes! I found it pretty plausible.
Posted on 5/23/21 at 12:32 pm to Tiguar
I don’t think institutions are liquidating because there’s a liquidity crisis, they’re liquidating because they are the smart money and always precede the retail investors. Elon was obviously privy to the impending dump as well. Id imagine the sell off continues to put us under a $1 trillion crypto market cap.
Posted on 5/23/21 at 12:37 pm to Ross
quote:
This is definitely why people say don’t put in more than you can afford to lose
this week has sucked massively
selling the elon tweet was one of the better plays ive made. with that said, im confident for a rebound under these $33k levels.
heres where human psychology can frick with us; one year ago bitcoin was trading at $8k and if someone said it would be $32k this time next year we all would have celebrated. today is now trading at $32k and everyone is in shambles.
Posted on 5/23/21 at 12:40 pm to Tiguar
I don't know what any of that means, except to say that it sounds like things could get very bad, but it has a lot of upvotes and a lot of awards
More and more I'm glad I decided to hold on to the cash that I was going to put in on the dip
More and more I'm glad I decided to hold on to the cash that I was going to put in on the dip
Posted on 5/23/21 at 12:45 pm to rocket31
Yep. I’m down to about 20% cash now after being at about 50%. Made some poor defi purchases too early but at least had dry powder for today and still have some if there’s another liquidity event.
2 weeks ago said things didn’t look good and was followed by pages of hyperbullishness response despite BTC being at 50 from 64 was a strong signal.
2 weeks ago said things didn’t look good and was followed by pages of hyperbullishness response despite BTC being at 50 from 64 was a strong signal.
Posted on 5/23/21 at 12:52 pm to maclauer
good strategy, i have buys at $28-30k, and if/when those hit im taking a vacation for awhile
Posted on 5/23/21 at 12:53 pm to CajunTiger78
quote:
Guys whats the best platform to get started with crypto? Late to tge game but would like to add to my portfolio. Thanks in advance. And sorry there are way to many pages in this thread to comb through. Just looking for a good starting point.
Hell yeah buddy. Tell all your friends too
Coinbase pro is what I am using.
Posted on 5/23/21 at 1:01 pm to Ron Cheramie
I agree coin base and coinbase pro are probably the two best entry points for new entrants
Posted on 5/23/21 at 1:05 pm to CajunTiger78
quote:Check out Voyager. Very user friendly for beginners.
Guys whats the best platform to get started with crypto? Late to tge game but would like to add to my portfolio. Thanks in advance. And sorry there are way to many pages in this thread to comb through. Just looking for a good starting point.
I'm inviting you to start investing in crypto with Voyager. Download the app and trade $100 to get $25 of free Bitcoin.
Use code 565777 to claim your BTC:
Posted on 5/23/21 at 1:07 pm to SuddenJerk
Looks like the democrats crashing the stock market is right on track.
Posted on 5/23/21 at 1:08 pm to Tiguar
There is a buy order for 54 btc at 31,000 on binance.us.
I am unsure what it means but there’s that.
I am unsure what it means but there’s that.
Posted on 5/23/21 at 1:31 pm to SuddenJerk
Yea use voyager if you want an app that never works and funds tied up forever. Good call.
This post was edited on 5/23/21 at 1:32 pm
Posted on 5/23/21 at 1:36 pm to JayDeerTay84
Voyager is the worst app in the history of apps. It's laughable that people here recommend that trash. It's down more than it's up. Muh team behind it. Well, that team sucks.
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