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Thread: Bitcoins are officially donkdown

  1. #6621
    Plutonium Sanlmar's Avatar
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    Quote Originally Posted by 4BET View Post
    Quote Originally Posted by Dan Druff View Post
    It was kinda hovering at 4800 for a bit and I thought maybe the carnage is done.

    Nope. It's now crashed to 4500 and it is still falling.

    There seems like there may be no predictable bottom here.

    I have about $7500 left at current prices, of which I've lost 50%. Wavering as to whether I should just park it long term and hope it recovers like it always seems to do, or whether to just get out.
    I would park it, Will recover at some point, Sell when back to 8500-9000
    HODL hardcore.

    All asset classes, in all circumstances.

    It’s an important lesson.

  2. #6622
    Silver VaughnP's Avatar
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    Quote Originally Posted by BeerAndPoker View Post
    I'm just trying to figure out the best buying point and my guess around 11am EST on a day you see the market having a big increase you will want to snap fire on bitcoin because that day it will probably shoot up.

    If that day lands on a Friday even better buy up early and if you want to dump it Sunday night by all means do so.
    Just properly stack your buys on the way down. The bitcoin cult that will never sell etc. have extreme support at the levels below 3k - if it hits there and below that's the time to gamble the hardest.

  3. #6623
    Silver VaughnP's Avatar
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    Bitcoin apparently just bounced back to 5200? Insanity. I could dump what I just bought for a 20%+ gain, but meh.

  4. #6624
    Serial Blogger BeerAndPoker's Avatar
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    It dipped to $3800ish and back to $4850 within minutes (and going up still atm)

    While that isn't satisfying enough to those in HODL it presented a small window buying opportunity for around 25% if you dumped it fast.

  5. #6625
    Platinum Krypt's Avatar
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    Name:  524D7B62-F891-45ED-9F6E-EFD2363504E8.png
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      sonatine: absolute mortal blow

  6. #6626
    Serial Blogger BeerAndPoker's Avatar
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    Quote Originally Posted by VaughnP View Post
    Quote Originally Posted by BeerAndPoker View Post
    I'm just trying to figure out the best buying point and my guess around 11am EST on a day you see the market having a big increase you will want to snap fire on bitcoin because that day it will probably shoot up.

    If that day lands on a Friday even better buy up early and if you want to dump it Sunday night by all means do so.
    Just properly stack your buys on the way down. The bitcoin cult that will never sell etc. have extreme support at the levels below 3k - if it hits there and below that's the time to gamble the hardest.
    I'm thinking on these fast crashes they not only hold on but we have enough in the cult out there to start buying fast so what we just saw with $3850 to $5300+ that happened rather quickly will continue on.

    This might have been one of the better spots we will see for anyone who got in around the dip to 4kish range not necessarily to dump it unless they want but to hold on when it goes back up.

  7. #6627
    Silver VaughnP's Avatar
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    Briefly touched 5600.

  8. #6628
    Silver VaughnP's Avatar
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    Back to 5500.

  9. #6629
    Plutonium lol wow's Avatar
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    once upon a time vaughns face briefly touched 5.6/10

    we literally had a whole month dedicated to it at skatz

  10. #6630
    Silver VaughnP's Avatar
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    Over 5800.

  11. #6631
    Plutonium lol wow's Avatar
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    can we be really real ur face is not above a 5.8

  12. #6632
    Platinum ftpjesus's Avatar
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    This thing is whipsawing like a drunk.. Back down ot around 5000.. Im beginning to wonder if this isn't (come on of course it is) deliberate manipulation by shorts just like the assholes whove been crashing the stock market.. If anything and the regular market going in the tank BTC should be going up not down.. Hell even Gold is down $100 (1650 roughly this time yesterday dropped to 1555 before back up to around 1570 now) which is illogical when shit goes south gold tends to go up in price as a store and hedge against monetary crisis..

  13. #6633
    Bronze RS_'s Avatar
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    I’m seeing $4,949 right now.

    HODL till the end.


    Sorry I didn’t buy your BTC Druff. 😎

  14. #6634
    Plutonium Sanlmar's Avatar
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    Whatever institutional investors got caught up in this are bailing.

    Whatever small decline comparative you saw in gold is just people raising cash for portfolio rebalancing and canned good purchases. You know better ftpjesus

  15. #6635
    Diamond Tellafriend's Avatar
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    why would corona tank bitcoin?

  16. #6636
    Plutonium sonatine's Avatar
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    Quote Originally Posted by Tellafriend View Post
    why would corona tank bitcoin?

    i think a more important question here is why wouldnt it? its exactly the sort of situation where a whale would want to have cash on hand. so once they start cashing out, everyone tries to squeeze through the exit with all their funds, and the size of the exit gets smaller and smaller, etc etc.

     
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      Tellafriend:
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  17. #6637
    Platinum gimmick's Avatar
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    Quote Originally Posted by sonatine View Post
    Quote Originally Posted by Tellafriend View Post
    why would corona tank bitcoin?

    i think a more important question here is why wouldnt it? its exactly the sort of situation where a whale would want to have cash on hand. so once they start cashing out, everyone tries to squeeze through the exit with all their funds, and the size of the exit gets smaller and smaller, etc etc.
    There was a mention of 2010 mining account getting the ball rolling for this sell off. That could be corona related or not. I think there's still something like 40% of all shitcoins being dormant for the last 5-10 years. Any movement from that batch has larger impact to the market since it's outside the normal ecosystem that's maybe 10% of coins being shuffled around.

  18. #6638
    Plutonium Sanlmar's Avatar
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    I thought this was Sonatine’s version of “the halving”

  19. #6639
    Platinum Krypt's Avatar
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    LIMIT DOWN BLOODBATH IMMINENT LIQUIDATION

  20. #6640
    Plutonium sonatine's Avatar
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    Quote Originally Posted by Krypt View Post
    LIMIT DOWN BLOODBATH IMMINENT LIQUIDATION

    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

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