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re: Official CryptoTalk Thread

Posted on 12/9/24 at 8:24 pm to
Posted by Robin Masters
Birmingham
Member since Jul 2010
33918 posts
Posted on 12/9/24 at 8:24 pm to
Oh shite it’s the shooters meme coin. Damn, crypto doesn’t dawdle.
Posted by beaverfever
Arkansas
Member since Jan 2008
34520 posts
Posted on 12/9/24 at 8:38 pm to
It’s gotta market cap of 50M?! I gotta catch up on my meme coins holy shite.
Posted by HeadyMurphey
Los Santos
Member since Jan 2008
17251 posts
Posted on 12/10/24 at 10:40 am to
Anyone else eligible/claim the $me airdrop. Trading NFTs in the last cycle paid off. Claimed mine and swapped to sol immediately. Free $5k
Posted by ImJustaBoy
Member since Oct 2023
1521 posts
Posted on 12/10/24 at 10:49 am to
Talk about crashing in less than 2 days, geez BTC
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 12/10/24 at 11:03 am to
Posted by 98eagle
Member since Sep 2020
2644 posts
Posted on 12/10/24 at 11:03 am to
quote:

Talk about crashing in less than 2 days, geez BTC


This is typical Bitcoin action since 2009. Take advantage and buy the dips, or even better learn how to trade Bitcoin volatility. I bought a stack of BITX when Bitcoin was at $97.8K. It's in the red a decent amount now, maybe 4% loss. Do I care? No. I just bought another stack of BITX when Bitcoin was approximately $95.2K. Then when Bitcoin goes above $100K, I will sell both stacks. It's like taking candy from a baby. If Bitcoin wants to keep falling, I'll keep buying. It's an opportunity for me to make easy money instead of something to complain about. I want Bitcoin to go to the moon just like everyone else, but I have learned how to take advantage of these price swings.
This post was edited on 12/10/24 at 11:11 am
Posted by ImJustaBoy
Member since Oct 2023
1521 posts
Posted on 12/10/24 at 11:12 am to
You can only buy so many dips lol. With 3 trading days of constant decline, it’s not looking good until after the inauguration.
Posted by beaverfever
Arkansas
Member since Jan 2008
34520 posts
Posted on 12/10/24 at 11:18 am to
quote:

You can only buy so many dips lol. With 3 trading days of constant decline, it’s not looking good until after the inauguration.
There is over a billion dollars of buy side pressure on the average trading day coming from two sources. That is brand new buy side pressure that shows no signs of slowing down. The exchange balances are in free fall. Unless the Chinese or US governments are selling, market makers are manipulating the price.
Posted by ImJustaBoy
Member since Oct 2023
1521 posts
Posted on 12/10/24 at 11:25 am to
So you’re thinking less than $85k?
Posted by LordSaintly
Member since Dec 2005
40693 posts
Posted on 12/10/24 at 11:31 am to
quote:

Anyone else eligible/claim the $me airdrop. Trading NFTs in the last cycle paid off. Claimed mine and swapped to sol immediately. Free $5k


$200 for me.

It was a pain in the arse claiming the tokens though.
This post was edited on 12/10/24 at 11:32 am
Posted by 98eagle
Member since Sep 2020
2644 posts
Posted on 12/10/24 at 11:40 am to
quote:

You can only buy so many dips lol. With 3 trading days of constant decline, it’s not looking good until after the inauguration.


Depends on who the trader is. I have a lot of settled cash in my accounts that I use to my advantage for volatility trading. I don't use it all at once. I limit my initial volatility trade amounts precisely for a situation like this when Bitcoin continues to fall.
Posted by BottomlandBrew
Member since Aug 2010
28501 posts
Posted on 12/10/24 at 12:05 pm to
A 20-40% dip off of ATH is not uncommon in a BTC bull run-up. Low $70k is not out of the question.
Posted by TheJunction
Mississippi
Member since Oct 2014
1623 posts
Posted on 12/10/24 at 12:15 pm to
If it gets to 70k I might take out a loan.
Posted by BottomlandBrew
Member since Aug 2010
28501 posts
Posted on 12/10/24 at 12:40 pm to
quote:

I might take out a loan


I know you're probably joking, but if anyone is considering this, please don't.
Posted by jmorr34
Baton Rouge
Member since Sep 2004
3211 posts
Posted on 12/10/24 at 12:55 pm to
quote:

I know you're probably joking, but if anyone is considering this, please don't.


In 2017 I didn't have any extra income to start investing in crypto so I took out a small portion of my 401k with penalty because I believed there was money to be made. No ragrets. Would I advise others to? Probably not.
This post was edited on 12/10/24 at 12:56 pm
Posted by ynlvr
Rocket City
Member since Feb 2009
5109 posts
Posted on 12/10/24 at 1:12 pm to
Long term RE loan if you can get it might not be a bad play. Just Plan to hold 3 to 5 years.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81723 posts
Posted on 12/10/24 at 1:23 pm to
quote:

it’s not looking good until after the inauguration.
Why do you say that?
Posted by castorinho
13623 posts
Member since Nov 2010
84668 posts
Posted on 12/10/24 at 1:24 pm to
Man people just come up with any narrative every time there's a dip. You'd think by now people would be used to this shite
Posted by TheJunction
Mississippi
Member since Oct 2014
1623 posts
Posted on 12/10/24 at 1:33 pm to
I was joking haha. I’d be scraping any extra $$ I could though.
Posted by 21JumpStreet
Member since Jul 2012
14774 posts
Posted on 12/10/24 at 2:01 pm to
My 401k loan from 3 years ago is paying off
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