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Started By
Message
re: Official CryptoTalk Thread
Posted on 6/22/21 at 7:33 am to Ross
Posted on 6/22/21 at 7:33 am to Ross
quote:
Never thought I’d ever see us back below 30k
I had a friendly wager with rocket about BTC going through another 60% crash. $26k or so would be that level. I should have listened to my own damned self.
1
Posted on 6/22/21 at 7:41 am to slackster
Sub $15 Link incoming. Get your buys ready
Posted on 6/22/21 at 7:43 am to CE Tiger
quote:
Sub $15 Link incoming. Get your buys ready
What is your case for link? I don't know anything about it.
I only own Bitcoin and ETH but in this dip I will be buying a shite ton of ADA.
Posted on 6/22/21 at 7:47 am to CE Tiger
$5 LINK
15k BTC
1k ETH
$20 Dash
0.10 XLM
0.50 ADA
0.02 DOGE
SHOPPING SPREE
15k BTC
1k ETH
$20 Dash
0.10 XLM
0.50 ADA
0.02 DOGE
SHOPPING SPREE
Posted on 6/22/21 at 7:47 am to Ross
Isn't 20 the historical theoretical bottom? Previous cycle all the time.
Posted on 6/22/21 at 7:49 am to slackster
quote:
My USDC is growing to be a rather large position in my portfolio for all the wrong reasons.
If you believe in the technology long term, why wouldn't you be excited by the current situation?
If you are only a trader, why wouldn't you be excited by the current situation?
I smell opportunity. I don't know the exact bottom, but much like equities where I let VIX insure, time and recapitalize, I do the same with BTC, using bitvol, or protective puts. It's not quite as refined, and it's more expensive in the crypto sector, but it works.
Posted on 6/22/21 at 7:49 am to down time
I believe historically the previous cycle ATH provides the bottom for the next cycle’s crash
Posted on 6/22/21 at 7:54 am to Ross
quote:
I believe historically the previous cycle ATH provides the bottom for the next cycle’s crash
we def shouldn't go as low as the last crash.
I also think this bear market will be shorter.
Posted on 6/22/21 at 7:58 am to I Love Bama
quote:
What is your case for link? I don't know anything about it.
600 integrations and counting. Connections with World Economic Forum and SWIFT. Decentralized oracles run DeFI . Waiting on staking but when it comes supply will dry up. When the dust settles it will be a top 5 crypto
Posted on 6/22/21 at 7:58 am to boomtown143
quote:
I also think this bear market will be shorter.
I am still in the camp that this run isn’t over yet for the year. On the Wyckoff chart We are hitting that last drop before the spring upwards
Posted on 6/22/21 at 8:06 am to CE Tiger
quote:
Sub $15 Link incoming. Get your buys ready
I was going to buy at $20, then decided to wait until $18, now waiting on $15. Hell, I may not buy at all.
I’m way behind the times here but it’s not expected to be a quick resurgence, is it?
Posted on 6/22/21 at 8:07 am to boomtown143
I agree, going to be* short. Hell, it could be over. I woke up thinking we’d see a total bloodbath after last night failed bounce. Just marginally off those levels and clawing back. Not worth buying more yet.
This post was edited on 6/22/21 at 8:27 am
Posted on 6/22/21 at 8:13 am to supadave3
Only way there is a rebound is if btc retakes 31k and holds 31k for 4-6 hours.
Every second btc spends under 31k makes that less likely.
Every second btc spends under 31k makes that less likely.
Posted on 6/22/21 at 8:14 am to down time
Problem is there are two historical precedents at odds with one another;
75% drop from ATH for btc
Or
Never falling below previous cycle ATH
75% of this cycles ATH is 15-19k.
One way or the other we will be in uncharted territory
75% drop from ATH for btc
Or
Never falling below previous cycle ATH
75% of this cycles ATH is 15-19k.
One way or the other we will be in uncharted territory
This post was edited on 6/22/21 at 8:16 am
Posted on 6/22/21 at 8:17 am to Ross
Posted on 6/22/21 at 8:22 am to Ross
quote:
Never thought I’d ever see us back below 30k
my “this time is different” theory looks wrong AF
It doesn’t help that this thread is just a big echo chamber of bullishness. There were plenty of signs warning a major top was made the last few months and a big drop was likely coming. But threads like these just reinforce peoples natural confirmation bias.
This post was edited on 6/22/21 at 8:25 am
Posted on 6/22/21 at 8:25 am to Lgrnwd
Posted on 6/22/21 at 8:29 am to Lgrnwd
So time to be bullish now that everyone is bearish?
Posted on 6/22/21 at 8:32 am to Huge Richard
Not yet, but probably fair to begin dca soon. Hopefully some of you didn’t actually accumulate too much in that 32-38 range.
Posted on 6/22/21 at 8:36 am to Lgrnwd
There were suggestions here in this thread at 50 to 55k btc to consider stable coins. Most remain bullish on the macro level.
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