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At what point do we dump? Serious question. Is that in play. I've been long since the last mega dip and am way out of the loop on the state of crypto over the last three or four months.
Quote:
Originally Posted by VaughnP
ive seen posts from people who are literally holding onto their coins so they can pass them on to their children.
but when i zoom back and filter out the simping, one thing is incredibly obvious to me:
there will eventually be a new crypto currency that, at the very least, does not have bitcoins faults. and about 5 minutes after tiktok starts shilling it, billions and billions and billions of dollars worth of btc equity will evaporate. forever.
i'm very angry that everything is going up. i sold everything on november 2nd.
That's also what I think.Quote:
Originally Posted by sonatineQuote:
Originally Posted by VaughnP
ive seen posts from people who are literally holding onto their coins so they can pass them on to their children.
but when i zoom back and filter out the simping, one thing is incredibly obvious to me:
there will eventually be a new crypto currency that, at the very least, does not have bitcoins faults. and about 5 minutes after tiktok starts shilling it, billions and billions and billions of dollars worth of btc equity will evaporate. forever.
People believing 2020's crypto represents the future are as foolish as believing that 1980 VCRs represented the long term future of recording TV shows.
Quote:
Originally Posted by DalyQuote:
Originally Posted by Dan Druff
Going to 15K
So are we selling at 19k and buying back when it inevitably dumps?
If btc goes above 20k where does the train stop? I have no time to research any of this.
Quote:
Originally Posted by DalyQuote:
Originally Posted by Daly
imo when it hit's 2ok again an ppl see they can recoup the loss of 2017-18s 20k to 4k plunge is when the regular ppl get back in...
I can see it going back to 12k and up again to 25,30k....
but yes the USA will have a crypto currency thru treasury eventually..??
Would that make them donkdown, officially?Quote:
Originally Posted by sonatineQuote:
Originally Posted by VaughnP
ive seen posts from people who are literally holding onto their coins so they can pass them on to their children.
but when i zoom back and filter out the simping, one thing is incredibly obvious to me:
there will eventually be a new crypto currency that, at the very least, does not have bitcoins faults. and about 5 minutes after tiktok starts shilling it, billions and billions and billions of dollars worth of btc equity will evaporate. forever.
Seems to have hit resistance point at 16k
It amazes me that from the Covid crash to now it’s up almost 4x (low on Coinbase for the year was 3828.00 and we hit the 4x when it was almost to 16k but has retraced back to just under 15k as I type this. Not gonna lie I wish I’d bought more in March. 400% profit nearly in 7 months is just unheard of unless you’re day trading options.
I've determined that it's impossible to predict where bitcoin will go, so I don't regret when I fail to hold during a run-up, or hold during a crash.
The only semi-predictable pattern I see is resistance points -- where people sell off when it gets to a round number. But even that can be tough. For example, 11k was long a resistance point this year, so I dumped when it hit 11k, and then it continued rocketing up to 16k. And it turned out that 16k was the resistance point, and now we're back to 15.
Whatever.
The one I thing I do try is not to request BTC cashouts from gambling sites when it's moving up or down, because by the time I get it, it might show up during a crash while I'm sleeping or something, and I'll wake up to bad news. I usually put in a request when it seems to be stable for the moment.
https://i.imgur.com/Cu2ZdYv.png
coinbase is basically now a decentralized bitcoin sidechain.
i expect to see a proliferation of similar initiatives. non zero chance they eventually accidentally undermine the central security themes to btc and something ugly happens when the wrong people discover it.
isn’t this pretty much what PayPal will be doing?Quote:
Originally Posted by sonatine
you don’t really own the coins without the keys
Surprised it took this long, actually.Quote:
Originally Posted by sonatine
But yeah, this has eventual fail written all over it.
It isn't anything new though, Coinbase have been doing this for years already.Quote:
Originally Posted by Dan DruffSurprised it took this long, actually.Quote:
Originally Posted by sonatine
But yeah, this has eventual fail written all over it.
Probably makes sense if you want to min-buy, but not if you have any serious coin.
Even those shitty off brand coins we got for free from Druff have went up. I never cashed them out as I just left them in coinbase for next poker deposit. I recall it was like $35 and I think $12 or something for second set. They have went up like 20%, if I’m recalling their original value correctly, when I logged into coinbase.
That's what's so LOL about all these altcoins.Quote:
Originally Posted by BCR
They supposedly all stand on their own, yet almost all of them (at least the ones which trade with any volume) rise and fall with BTC.
No one thinks they stand alone. They are predominantly traded in BTC thus will continue to be largely influenced by BTCs price until there is a decoupling of that relationship.Quote:
Originally Posted by Dan DruffThat's what's so LOL about all these altcoins.Quote:
Originally Posted by BCR
They supposedly all stand on their own, yet almost all of them (at least the ones which trade with any volume) rise and fall with BTC.
Quote:
Originally Posted by BCR
I took my monies from the Coinbase shitcoin promos, sold them, dropped it into a shitcoin that looked like it might pop, and somehow managed to get lucky and eke out a decent short term gain...despite the fact that Coinbase is just...SHIT.
Even though the price dropped in a relatively small amount of time, the sale proceeds should have been at least $35 higher imo; however, the site experienced a "glitch" where nothing updated in a timely fashion and the price conveniently displayed was much higher and delayed from the actual true price.
The sad thing is when using coinbase, you have absolutely zero control over the actual price it sells at. (no set sell prices, limit orders etc) you're at the sites mercy by placing the order and hoping for the best. And the fees are just shit too.
Back in the day I took part in Civic’s ICO, 10 cents a token. Went we’ll over $1.00 during the bull run.Quote:
Originally Posted by GordmanQuote:
Originally Posted by BCR
I took my monies from the Coinbase shitcoin promos, sold them, dropped it into a shitcoin that looked like it might pop, and somehow managed to get lucky and eke out a decent short term gain...despite the fact that Coinbase is just...SHIT.
Even though the price dropped in a relatively small amount of time, the sale proceeds should have been at least $35 higher imo; however, the site experienced a "glitch" where nothing updated in a timely fashion and the price conveniently displayed was much higher and delayed from the actual true price.
The sad thing is when using coinbase, you have absolutely zero control over the actual price it sells at. (no set sell prices, limit orders etc) you're at the sites mercy by placing the order and hoping for the best. And the fees are just shit too.
someone on twitter changed their tinder profile to this:
https://pbs.twimg.com/media/EmwK0MvW...jpg&name=large
they've been posting screenshots of their inbox and its predictably glorious:
https://pbs.twimg.com/media/EmwLnLyW...jpg&name=large
https://pbs.twimg.com/media/EmwLnL0X...jpg&name=large
17k. Almost getting to the point where people who bought it at the peak are now even.
Quote:
Originally Posted by MrTickle
They have long since bailed.
I think we are going to see a steady rise up to near 20k, then everyone's gonna panic-sell because of what happened last time it hit 19800 or so.
After that, I can't even venture to guess what will happen.
South Korea’s new crypto AML law bans trading of “privacy coins” like Monero
The “privacy coins” that add an extra layer of anonymity to crypto transactions are no longer welcome in South Korea. Coin brands such as Monero, ZCash and Dash will soon be unavailable at the country’s exchanges, with the government citing crypto anti-money laundering (crypto AML) measures as the reason for the ban.
the limit down move will happen over the weekend, naturally.
It seems stuck around 18k for the last 2 days or so. I think it's actually going to eventually move up past 19k, then crash when everyone thinks we're getting too close to the high-19000s peak of December 2017, and there will be a panic-selloff.Quote:
Originally Posted by Krypt
I don't think the weekend will have much to do with it.
Wearing mummies underwear as a mask.Quote:
Originally Posted by sonatine
I'm short btc @ 19,150
honestly id just wait for a 7-10% downwards correction then pile tf in short. trying to find the top here seems like the sort of thing that blows up accounts.Quote:
Originally Posted by Krypt
i’m still building the short pos
coinbase is removing all margin accounts, apparently they are starting the process tomorrow.
It looks to me like the next pump-and-dump "crypto boom" is underway, more or less like the 2017 p&d.
Obv many shitcoins are being pumped atm.
I mean, when you have lol shitcoins like Dogecoin spiking...
And you also have others with ludicrous and unsustainable market caps (e.g. XRP) being driven up...
...you know where all of this is going to end, probably in a few months once the new year is underway...
SFO
I don’t think it’s the same. During the 2017 pump, Bitcoin talk was on every tv station, tons of people that didn’t know shit about crypto were investing and FOMO set in. This time, there isn’t any new, dumb money so it’s a bit hard to understand. Seems like straight whale manipulation, not sure who they think they’re gonna dump on. Coming months will be interesting.Quote:
Originally Posted by Gordman