re: Official CryptoTalk Thread

That was just my biggest buy order of the year hitting at $29.3k. NBD, moving markets over here.

quote:

---

I suck at timing markets

---

Same, so we will probably go lower

quote:

---

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’m not pessimistic, was simply trying to crack a joke amid the red.

I’m late to the crypto game so I’m not losing much sleep about being able to average down for a while.

As much as it isn't fun not being able to dunk on bitcoin critics, being able to continue to add sats at a discount to what I was buying them for a couple months ago, is very beneficial long term. The dunking will come back, but now is time to stack.

Still plenty of time left in 2021!

I think what we’re in for over the next couple of days are various forms of Dead cat bounce is is a different alts cross the resistance of their 2018 all time highs.

That money is going to funnel back into Ethereum and bitcoin. I will say that I do think there is a rather interesting trance of it triggering that previous bull run some of you think may happen. I think this bull run was ended prematurely due to so much capital being spread out amongst different projects. Bitcoin needed the recoil at least one more time from 30,000 for the next bull run to take place.

quote:

---

I think this bull run was ended prematurely due to so much capital being spread out amongst different projects

---

I think the bull run ended by a coordinated negative news campaign that was sparked by Musk and snowballed by every critic when they saw blood in the water. Prior to that it was doing its normal consolidation at a given range.

The spirit of the call was BTC won't see a new high in 2021 when the board was speculating about where the market may go, but there is always that "ackchually" guy lurking in every corner of the internet.



I also said that I hoped BTC would break new highs because it is more entertaining and better for the market as a whole. Damn some of you bitcoiners sure get salty when the price is down.

The "actchuallly" comment was for Mathias, not you.

I'm a hardcore crypto bull that is in it for the long haul. Just can't shake doubts about BTC and believe the market will see it eventually. But, with that said, I'll never root against Bitcoin or any serious projects.

I find it hard to believe that dogecoin is going to survive this

a lot of those people don't even understand the crypto space or the underlying technology and are more likely to bail once the memes get stale and they realize they are on the dump side of the pump and dump curve.