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Started By
Message
re: Official CryptoTalk Thread
Posted on 12/4/21 at 1:12 am to maclauer
Posted on 12/4/21 at 1:12 am to maclauer
quote:
Data tracked by Coinglass shows the price drop has triggered nearly $600 million worth of bitcoin futures positions in less than an hour. The market appeared over leveraged earlier this week with open interest (OI) elevated in bitcoin terms.
“The bitcoin denominated OI has now remained above 365,000 BTC for more than a month. It is not common to see such a high OI being sustained for such a long duration. This could suggest that the market is currently over- saturated with leverage,” Arcane Research’s weekly note published Tuesday said.
1
Posted on 12/4/21 at 1:22 am to maclauer
we shall see
I remember premature calls for the bear market back in the summer
I remember premature calls for the bear market back in the summer
Posted on 12/4/21 at 1:29 am to Ross
Personally I would wager that people get sad over S2F being a myth, YE selling, and then tax selling. Narrative around 4 year cycle and bear market. Then when everyone underexposed a big rally in spring.
Who knows. I was fortunate to catch both runs this year. Risk looks greater than reward in equities. With BTC in the 40s again I’m not sure that’s the case here, though.
Who knows. I was fortunate to catch both runs this year. Risk looks greater than reward in equities. With BTC in the 40s again I’m not sure that’s the case here, though.
Posted on 12/4/21 at 1:34 am to maclauer
100k was planb meme and I'm sure the moonboys have left now once they realized it isn't happening
as long as sol continues to lead up as it's been doing all year I'll consider that a good sign. that's a different feature of this cycle
fair to be patient but I just bought more under $190
but yeah. the macro rules all so guess we will see
as long as sol continues to lead up as it's been doing all year I'll consider that a good sign. that's a different feature of this cycle
fair to be patient but I just bought more under $190
but yeah. the macro rules all so guess we will see
Posted on 12/4/21 at 1:51 am to rocket31
Yeah, each time is different. And I don’t mean that in a sarcastic way. I just think any of us who have been around for over 4 years knows when it starts to smell. It did a couple weeks ago. But out of the nukes tend to come new flowers. We’ll see who is picked this time
Posted on 12/4/21 at 2:33 am to maclauer
I was lucky enough to sell off my positions during highs, I Feel like we are heading for jagged reefs. i'll look at buying back in in late Jan or Feb.
Posted on 12/4/21 at 4:11 am to USMCguy121
Sounds like April '21 in here. I remember those days.
This post was edited on 12/4/21 at 4:13 am
Posted on 12/4/21 at 4:40 am to Fat Batman
Dips are just great buying opportunities for long term hodlers. Gonna DCA and increase my staking rewards.
This post was edited on 12/4/21 at 4:41 am
Posted on 12/4/21 at 5:24 am to Ross
No blow off top ? This is not the end or start of a bear market . The fifth and final wave is coming . Load up and prepare to jump ship the next and final wave up . 
Posted on 12/4/21 at 6:00 am to DreauxB2015
I'm not panicking. I had my Aave health above 2 and I'm just farming up tricrypto pool in a Beefy vault, and I'm about to pick up more BTC/ETH with this juicy dip. Even if I'm catching a falling knife, in a year or two ill be happy with my decisions to hold now
Posted on 12/4/21 at 7:11 am to USMCguy121
quote:I remember the euphoria earlier this year when BTC reached $30K. "Wow!", they said.
I was lucky enough to sell off my positions during highs, I Feel like we are heading for jagged reefs. i'll look at buying back in in late Jan or Feb.
Posted on 12/4/21 at 7:18 am to GumboPot
quote:
"....the price drop has triggered nearly $600 million worth of bitcoin futures positions in less than an hour.
....as the new Colonial Currency coughed and wheezed, ushering in a bright new day for the newly freed [decentralized] Americans.
The History of U.S. Currency
Posted on 12/4/21 at 7:24 am to tigerpawl
Wakes up
Gets coffee
Sits down to read daily news
Opens charts
Says "huh!? Interesting."
Buys more
Gets coffee
Sits down to read daily news
Opens charts
Says "huh!? Interesting."
Buys more
Posted on 12/4/21 at 8:06 am to maclauer
quote:
Yeah, each time is different. And I don’t mean that in a sarcastic way. I just think any of us who have been around for over 4 years knows when it starts to smell. It did a couple weeks ago. But out of the nukes tend to come new flowers. We’ll see who is picked this time
oh yea i agree; all the classic signs of getting out and into stables were there
seems reasonable to think many are going to be risk-off until jan so more downside or sideways movement until macro clarity with omricon (lol) and/or if the fed is larping or not about tightening
Posted on 12/4/21 at 8:16 am to BottomlandBrew
Buy moarrrrrrr
Posted on 12/4/21 at 8:51 am to BottomlandBrew
quote:
Wakes up
Gets coffee
Sits down to read daily news
Opens charts
Says "huh!? Interesting."
Buys more
Same. My BTC stack is getting LARGE
Posted on 12/4/21 at 8:51 am to maclauer
quote:
Nukes like this after periods that have been flat to down are generally not good signs. I’ll get downvoted for being realistic and not saying $100k next week but after the relief bounce I think this thing is done for now. The macro headwinds just too strong.
I don't think 100k next week either, but I think we are still generally on the upswing medium term.
Posted on 12/4/21 at 8:55 am to TigerDeBaiter
quote:Unlikely at this point for 2021. Will happen eventually
Soooooo… how we feeling 100k bitty stilll?
This post was edited on 12/4/21 at 8:59 am
Posted on 12/4/21 at 9:01 am to BottomlandBrew
sol leading us up again and catching big bids...
it's up 3% on the weekly fwiw
it's up 3% on the weekly fwiw
Posted on 12/4/21 at 9:06 am to TigerTatorTots
quote:
. Will happen eventually
How do you know this?
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