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re: Official CryptoTalk Thread
Posted on 6/18/22 at 12:00 pm to TigerDeBaiter
Posted on 6/18/22 at 12:00 pm to TigerDeBaiter
quote:
Still think we get close to 10k eventually though.
the last crash was 82%, were at around 70%, if we go to 82% that puts us at 13k...
3
Posted on 6/18/22 at 12:10 pm to LSURulzSEC
Posted on 6/18/22 at 12:12 pm to LSURulzSEC
Can't really use the last reset as a baseline for bottom levels. Alts are pre 2020 levels RN. That's where we are heading. 8-10 is realistic.
Posted on 6/18/22 at 12:15 pm to rocket31
quote:
im down over 6 figs though just this week
quote:
rocket31
anyone know this guy? He ok?
He posted that over a month ago before things got bad. I imagine he’s having a rough couple of days..
Posted on 6/18/22 at 12:21 pm to wileyjones
I like rocket, I think he’s been in the game long enough to be patient for the next bull market
Posted on 6/18/22 at 12:44 pm to Ross
ETH under $1k now. Eventually you gotta think about jumping in.
Posted on 6/18/22 at 12:45 pm to TigerFanatic99
Everyone retired yet from crypto?
Posted on 6/18/22 at 12:47 pm to TigerFanatic99
quote:
Eventually you gotta think about jumping in.
I will buy just enough to validate
Posted on 6/18/22 at 12:50 pm to LSURulzSEC
quote:
the last crash was 82%, were at around 70%, if we go to 82% that puts us at 13k...
Ah yes, the last crash, that didn't happen in a recession and in a completely different monetary and fiscal environment will be our guide.
lol
Posted on 6/18/22 at 12:50 pm to CP3LSU25
quote:
Everyone retired yet from crypto?
hopefully taking this moment in time to position myself for retirement
Posted on 6/18/22 at 12:58 pm to Ross
quote:
hopefully taking this moment in time to position myself for retirement
Same. I got into Bitcoin in 2016 and watched it go crazy then crash. I was sick and just disregarded Bitcoin all together after.
Bought more during the last bullrun (50,000) and now I understand the implications of Bitcoin. I won't miss the next bull run.
Buying now and will go crazy heavy sub 15k
Posted on 6/18/22 at 1:06 pm to METAL
I wonder if part of the reason we can’t seem to find a bottom despite being oversold is because so many have abandoned the exchanges and there’s much less liquidity as a result.
Posted on 6/18/22 at 1:29 pm to bayoubengals88
GPUs about to flood the market 
Posted on 6/18/22 at 1:31 pm to TigerDeBaiter
I think oversold in crypto is a meme, especially right now when the house of cards is falling, or "contagion" as the crypto world is liking to call it right now.
Everything in crypto is so interconnected (protocols using other protocols for yield, hedge funds and "trusted" entities leveraging up with each others money, etc.) that when one entity goes belly up, it causes a cascade.
In my opinion that's what we're seeing right now as very large holders are being forced sellers due to margin calls, insolvency, and potential legal ramifications. Add on the shitty macro environment and mass fear, and this could get uglier before it gets better.
But if history repeats, right now isn't a bad time to buy as the 200 week MA has always signaled a bottom. Is this time truly different though?
Everything in crypto is so interconnected (protocols using other protocols for yield, hedge funds and "trusted" entities leveraging up with each others money, etc.) that when one entity goes belly up, it causes a cascade.
In my opinion that's what we're seeing right now as very large holders are being forced sellers due to margin calls, insolvency, and potential legal ramifications. Add on the shitty macro environment and mass fear, and this could get uglier before it gets better.
But if history repeats, right now isn't a bad time to buy as the 200 week MA has always signaled a bottom. Is this time truly different though?
Posted on 6/18/22 at 1:58 pm to rintintin
Someone asked what happened this morning and the price drop. Apparently a ton of morons went all in on the theory BTC would not drop below the previous moon. Margins were called and people are committing suicide.
Posted on 6/18/22 at 2:22 pm to rintintin
I can’t help but think, maybe, this time it really is different. Has bitcoin has ever existed in a contractionary monetary policy? Other than very briefly in 2018 maybe.
Posted on 6/18/22 at 2:45 pm to j1897
quote:
Ah yes, the last crash, that didn't happen in a recession and in a completely different monetary and fiscal environment will be our guide.
lol
All I said was if we crash 82% like the last crash that puts us around 13k, don't try to make what I said more than what it was...
Posted on 6/18/22 at 2:56 pm to LSURulzSEC
It would be different this time they said...
Hope we can continue this cycle for the next 100 years. Easy to predict
Hope we can continue this cycle for the next 100 years. Easy to predict
This post was edited on 6/18/22 at 3:05 pm
Posted on 6/18/22 at 3:10 pm to 21JumpStreet
We broke 18k, long dildos forming...
Posted on 6/18/22 at 3:14 pm to LSURulzSEC
Bout to sell all and buy back at $100
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