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Bitcoin and Ethereum

Featured Replies

On 1/24/2022 at 9:02 AM, Kz! said:

Actual footage of my crypto trading experience:

 

This post has aged really well. I'm hodling until it goes to zero. Don't even care anymore. 

On 4/29/2022 at 6:53 PM, mattmcginley7 said:

 

Nasdaq down more than BTC this year. #volatility 

This post was a tortured argument even two weeks ago. Blatant cherry picking given the date and index used since BTC was at 47.7k on Jan 1st and fell to 38.5k on Apr 29th, for a loss of 19%.

The S&P fell 13.8% over the same period of time. That it set a "new low" on a date that bitcoin didn't is basically irrelevant if you want to discuss volatility. 

Further, if you want to use the fall from its 52-week high, it's even worse, because as has been stated numerous times, BTC is quite literally far more volatile by any objective metric.

James Franco First Time - Imgflip

Crypto investors panic during market bloodbath: ‘I will lose my home’

https://nypost.com/2022/05/12/crypto-investors-panic-amid-digital-coin-bitcoin-crash/

Quote

The entire cryptocurrency market now has a market capitalization of $1.2 trillion — less than half of the $2.9 trillion it was worth in November, according to CoinMarketCap data.

They really need to just call it gambling so the fools will understand.

If Bitcoin crashing causes you to lose your home then you are a complete moron.

25 minutes ago, Toastrel said:

Crypto investors panic during market bloodbath: ‘I will lose my home’

https://nypost.com/2022/05/12/crypto-investors-panic-amid-digital-coin-bitcoin-crash/

They really need to just call it gambling so the fools will understand.

Then call tech stocks the same this past 6 weeks or so

BTC isn't done dumping though. 14k to 20k I imagine 

6 hours ago, Paul852 said:

If Bitcoin crashing causes you to lose your home then you are a complete moron.

I'm hearing a lot of name calling here and very little in the way of solutions.

Where my LUNA hodlers at?

2 minutes ago, Kz! said:

Where my LUNA hodlers at?

Check the local homeless shelters. 

24 minutes ago, Kz! said:

Where my LUNA hodlers at?

That's insane. Wow.

Is this a good time to buy while the market is low or time to get out? 

20 minutes ago, jsdarkstar said:

Is this a good time to buy while the market is low or time to get out? 

I'm normally a buy the dip guy but I wouldn't touch this ish.

I'm gunna wait to see how low it goes. Then, when it shoots back up, I'll point to the low spot and go "yep, that's when I should have bought it"

Works every time

1 hour ago, BFit said:

I'm gunna wait to see how low it goes. Then, when it shoots back up, I'll point to the low spot and go "yep, that's when I should have bought it"

Works every time

:roll: I felt that.

12 hours ago, BFit said:

I'm gunna wait to see how low it goes. Then, when it shoots back up, I'll point to the low spot and go "yep, that's when I should have bought it"

Works every time

So the Boyer's I work at we had a customer come in yester and dump all her change in at the coinstar..... Ended up having a 450 dollars in change, so she cashed it out in Bitcoin..... The moron brought the receipt to the register and legit thought Bitcoin was a physical coin and demanded her bitcoins LMAO! 😂😂😂 

Not only that we have a bitcoin machine right next to it if you want to use your change for Bitcoin LMAO

19 hours ago, jsdarkstar said:

Is this a good time to buy while the market is low or time to get out? 

My opinion: it will go lower. Possibly a lot lower.

BTC is becoming more and more positively correlated with equities. The Eurozone and US are both headed towards recession, inflation is going to put a huge squeeze on discretionary spending, and I wouldn’t be shocked to see China make a play for Taiwan.

9 minutes ago, TEW said:

My opinion: it will go lower. Possibly a lot lower.

BTC is becoming more and more positively correlated with equities. The Eurozone and US are both headed towards recession, inflation is going to put a huge squeeze on discretionary spending, and I wouldn’t be shocked to see China make a play for Taiwan.

Going by your predictions in the Russia thread, seems like we can be sure Taiwan will be safe for the foreseeable future.

22 hours ago, Kz! said:

Where my LUNA hodlers at?

Shorted it around 72 and made most money I ever made in 3 days. 

FB_IMG_1652404509488.jpg

On 5/14/2022 at 1:25 PM, DaEagles4Life said:

Shorted it around 72 and made most money I ever made in 3 days. 

You were supposed to hodl until it was worthless.

  • 2 weeks later...
  • Author
On 5/14/2022 at 11:32 AM, TEW said:

My opinion: it will go lower. Possibly a lot lower.

BTC is becoming more and more positively correlated with equities. The Eurozone and US are both headed towards recession, inflation is going to put a huge squeeze on discretionary spending, and I wouldn’t be shocked to see China make a play for Taiwan.

Bitcoin hasn't lost its previous cycle's top in its history. In 2017, that was about $20k

I don't care if it rains or freezes
Long as I got my plastic Jesus
Riding on the dashboard of my car.

2 hours ago, mattmcginley7 said:

Bitcoin hasn't lost its previous cycle's top in its history. In 2017, that was about $20k

I wouldn’t be surprised to see $14K if things go badly in traditional markets.

  • Author
32 minutes ago, TEW said:

I wouldn’t be surprised to see $14K if things go badly in traditional markets.

Reminds me of 2018 and 2019 when everyone was calling for $1k again

3 hours ago, mattmcginley7 said:

Reminds me of 2018 and 2019 when everyone was calling for $1k again

Reminds me of 2017 when people in here told me it wouldn’t crash

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