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re: Official CryptoTalk Thread

Posted on 1/7/22 at 8:36 am to
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 1/7/22 at 8:36 am to
I don’t time markets as a general rule, I tend to defer to DCA. Exceptions exist on large drawdowns like the one we are seeing right now where I nibble at every 5% drop.

Your concern over my portfolio is noted, but I’ll be fine. Long time horizons and whatnot.
This post was edited on 1/7/22 at 8:39 am
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 1/7/22 at 8:55 am to
quote:

to go long again


If you are actually long, the price today is irrelevant.

As BTC has flushed out to its place in crypto, the end result, I believe, is in fact the scarcity of it all. With that said, there was always a limited time window to stack SATS.

This post was edited on 1/7/22 at 8:58 am
Posted by BottomlandBrew
Member since Aug 2010
29394 posts
Posted on 1/7/22 at 9:33 am to
quote:

After that, it is going to retest pre-pandemic high. Good luck.


I never say never because this market is completely irrational, But I don't see us going that low. Maybe $30k-$35k. Volume is very low for the price and retail is dead atm. Smart money is in an accumulation phase.

I'm near my cost basis on a couple things, so when I hit those I start doubling up on DCAs to lower the cost basis. I'm okay if we hang out here for a few months. I'm long, so the cheaper I can get stuff now, the better. $30k vs $60k buys have long term benefits, so let's join the smart money and accumulate.
This post was edited on 1/7/22 at 9:34 am
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82094 posts
Posted on 1/7/22 at 9:52 am to
quote:

BTC next test is $30k. After that, it is going to retest pre-pandemic high. Good luck.

So you think everyone is seeing $20k coming? Kthx
Posted by 21JumpStreet
Member since Jul 2012
14871 posts
Posted on 1/7/22 at 9:55 am to
Cosmos and Harmony doing work
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5583 posts
Posted on 1/7/22 at 10:17 am to
Dang ol HEX was showing as number 7 on CMC this morning Now it’s not showing
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 1/7/22 at 10:21 am to
Looks like my buy-in to JEWEL-ONE was the market top signal
Posted by 21JumpStreet
Member since Jul 2012
14871 posts
Posted on 1/7/22 at 10:53 am to
Oh damn, chainlink up. Here we go to 30k smh
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/7/22 at 11:02 am to
quote:

oct is most undervalued at this price imo


checks price. good price
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/7/22 at 11:10 am to
quote:

Cosmos


it's atom szn

degen diamond hand coins that VCs and institutions didn't own (yet) are doing well

BTC eth Solunavax - all owned by institutions who derisked last couple months

lesson here is buy bags of coins owned by diamond hand degens who don't care about macro or the fed
This post was edited on 1/7/22 at 11:12 am
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82094 posts
Posted on 1/7/22 at 11:30 am to
quote:

lesson here is buy bags of coins owned by diamond hand degens who don't care about macro or the fed

sounds like HEX
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/7/22 at 11:34 am to
exactly
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 1/7/22 at 11:55 am to
Chainlink pair pumping against eth and then Vitalik makes thread that says the future is not cross chain lol

LINK
This post was edited on 1/7/22 at 11:58 am
Posted by Shankopotomus
Social Distanced
Member since Feb 2009
21082 posts
Posted on 1/7/22 at 12:20 pm to
looks like the great rotation is accelerating --- hope you keep up ahead of the rug pulls



BTC is here to stay, after that it gets WILD
Posted by I Love Bama
Alabama
Member since Nov 2007
38431 posts
Posted on 1/7/22 at 12:38 pm to
quote:

BTC is here to stay
Posted by Who_Dat_Tiger
Member since Nov 2015
24933 posts
Posted on 1/7/22 at 2:58 pm to
quote:

TIL: Kazakhstan is the world's number two Bitcoin mining hub. With internet shut down across the entire country, that ain't good.


Read on the OT. What does this mean for BTC prices? Is this why my crypto has been plummeting


I’ve seriously gained about $50k in the past few months only to hold and give it all back
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/7/22 at 3:07 pm to
Sell the peak baw
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 1/7/22 at 5:11 pm to
quote:

Read on the OT. What does this mean for BTC prices? Is this why my crypto has been plummeting


If this is true I would expect a HARD rebound similar to when China banned BTC for the 15th time.

LINK
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 1/7/22 at 5:50 pm to
Just a heads up for people looking for some quick plays.

Raven Coin, minable, is a few days away from a halving.
Posted by barbapapa
Member since Mar 2018
3810 posts
Posted on 1/8/22 at 8:03 am to
anyone buying SOL?
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