re: Official CryptoTalk Thread

The Fed’s only responsibility is to protect big American banks. Once you realize that, everything becomes clear. They couldn’t give 2 shits about the average American.

Hopefully things crash and I can buy, buy buy!

I love the smell of naplam.

It’s still hard for me to buy at this level. I’m in some BTC under $1K. But I’ll have proceeds (portfolio insurance claims settlement) from VIX calls. There used to be BTC VIX, kinda sorta, but in this case VIX will have to suffice. The equity and crypto markets have essentially tracked each other. Protective puts just got eat to expensive on crypto.

I’ve always done what I’ve always done. It’s worked out well.

Back to point, I believe BTC is on early stages, so I need to get over the psychology of averaging up.

There are a couple of things I’ve done in equities the last 9 months that are also going to work out nicely. I just don’t post about it a lot because it offends some of the so called experts on here. Not this thread, but this board.

I’m not what to do except buy at some point:

ETA, I wish I knew how to get into a mining pool, especially if prices keep going down. But I probably should have done that a long, long time ago.

I deployed all of my capital last year. I’m purely a spectator.

ETA: nevermind I looked at this wrong. The average cost is actually 78k which is up from yesterday.

LINK

Miners have to sell at a 30k loss or have liquidity to keep rigs running. Cant see many miners deciding to sell at that big of a loss.

I want to see what the holders of the ETFs are doing before I even think about it.

If they start dumping at the opening bell it is going to get ugly.

Me personally, I will be backing up the truck at anything under $40,000 but will start some small purchases around these prices.

Lots of buying in the first 10 minutes of market opening. I'm still waiting for a turbo-nuke after a quick pump, but maybe that's just battle fatigue coming out in me.