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Started By
Message
re: Official CryptoTalk Thread
Posted on 5/11/22 at 12:00 pm to 21JumpStreet
Posted on 5/11/22 at 12:00 pm to 21JumpStreet
shite coins like LINK and Doge are tanking. BTC will follow.
0
Posted on 5/11/22 at 12:05 pm to 21JumpStreet
Yeah, that is correct. Also hearing Celsius cascade liquidation as high as 25k bitcoin. Oh, and tether starting to show fissures. Not sure how much of all this is true, but the whole thing looks like it could implode any day.
JaPOW… “I fixed the demand side guys”
JaPOW… “I fixed the demand side guys”
Posted on 5/11/22 at 12:13 pm to 21JumpStreet
I saw that too
Posted on 5/11/22 at 12:21 pm to TigerDeBaiter
Yeah USDT is looking a little dicey right now. BTC holding 30k for now.
Posted on 5/11/22 at 12:29 pm to castorinho
quote:
seeing slack buy xdoge last year and Luna now is pretty shocking
I needed some capital losses.
Posted on 5/11/22 at 12:40 pm to LordSaintly
quote:
For the blue chips, but not much else. People either raised the prices or they delisted.
Yes, my jpegs are stuck! I did grab a rare luna bull for $15
Posted on 5/11/22 at 12:41 pm to HeadyMurphey
Looks like Sol blockchain is overloaded again
Posted on 5/11/22 at 2:34 pm to Shankopotomus
Who the hell is going to flock to crypto after this "bear" market? I put bear in quotations because this seems worse than a normal bear market.
Posted on 5/11/22 at 2:38 pm to MikeHatesPETA
quote:
I put bear in quotations because this seems worse than a normal bear market.
We aren't even close to max pain like we saw in the 2018/2019 bear market. 90-95% declines from all time highs for shitcoins and 80% decline for bitcoin. We are still in the fall if we are talking about crypto winterThis post was edited on 5/11/22 at 2:39 pm
Posted on 5/11/22 at 2:44 pm to TigerTatorTots
Have you seen anything like what is happening to Luna/UST?
Posted on 5/11/22 at 3:40 pm to MikeHatesPETA
Not this type of failure specifically but in terms of catastrophic event for bitcoin/crypto, MtGox was probably the worst. If bitcoin can survive that, it can survive nearly anything.
We still have a ways to go to see how much contagion will occur with UST being rooted in a number of companies and projects. We may eventually start seeing some small firm bankruptcies that were heavy in UST
We still have a ways to go to see how much contagion will occur with UST being rooted in a number of companies and projects. We may eventually start seeing some small firm bankruptcies that were heavy in UST
Posted on 5/11/22 at 3:58 pm to Shankopotomus
quote:whats new?
Looks like Sol blockchain is overloaded again
Posted on 5/11/22 at 4:12 pm to TigerTatorTots
should I HODL my tears?
Posted on 5/11/22 at 4:38 pm to Ross
Posted on 5/11/22 at 5:23 pm to TigerTatorTots
I moved my btc and eth to Trezor today from coinbase. I have some shib what is the best place to cold store or store that?
Posted on 5/11/22 at 5:39 pm to HeadyMurphey
quote:
Yes, my jpegs are stuck! I did grab a rare luna bull for $15
Damn. I thought I was lucky with my rank 1500 Skeleton Punk for $15.
Posted on 5/11/22 at 5:59 pm to Ross
Bought some more of a few things today but now I'm in a wait and see approach. My avg in BTC is 14k at this point and ETH is 800... so watching closely as a lot of my alts I'm nearing sell levels in order to secure a profit
Posted on 5/11/22 at 7:36 pm to TigerTatorTots
quote:
Not this type of failure specifically but in terms of catastrophic event for bitcoin/crypto, MtGox was probably the worst. If bitcoin can survive that, it can survive nearly anything.
I don’t know. That was early on and they were stolen from, not the thieves. Leon straight up rugged the project.
In terms of the UST I think the problem may be contagion. A lot of this liquidity is/was backed with debt that was backed with other debt and so on. Very ponzi.
Posted on 5/11/22 at 7:36 pm to TigerDeBaiter
^Kwon *
Damn autocorrect
Damn autocorrect
Posted on 5/11/22 at 8:09 pm to TigerDeBaiter
. They frickin came out of retirement to dunk on Kwon. Legendary.This post was edited on 5/11/22 at 8:14 pm
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