Bitcoin / Cryptocurrency Discussion (And Predictions)

[AceVentures]

 

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[Antifragile]

Sell now, sell low so you can buy high later. Hurry.

How do you make $1m?

Start with $2m.

 

[nitrousflame]

This thread is super active in a bull run, then when everyone's portfolio is sinking we just pretend crypto doesn't exist lmao

To be honest, I welcome this silence. Less distraction. I read someone say that bull markets are more stressful than bear markets, and I couldn't agree more.

 

[Deleted78083]

Sell now, sell low so you can buy high later. Hurry.

How do you make $1m?

Start with $2m.

Completely unrelated, but I think Richard Branson said once:

"how to become a millionaire? Start with a billion dollars, and run an airline business" lol

To be honest, I welcome this silence. Less distraction. I read someone say that bull markets are more stressful than bear markets, and I couldn't agree more.

I agree 100%

It's because of loss aversion. You feel more pain losing 50 euros than you feel pleasure earning 50 euros. Which is why retail buys high, and sells low.

Bear market are less stressful because you are not wondering all the time when the whole thing is going to drop...since it already has lol

 

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[GPM]

So that's it huh? You guys really think that was the top and we are in for winter now?

 

[Deleted78083]

So that's it huh? You guys really think that was the top and we are in for winter now?

I do not think so, because it dropped too fast. I expect a rebound as soon as my friend's friends sell their doge they bought at 0.7

 

[nitrousflame]

So that's it huh? You guys really think that was the top and we are in for winter now?

I'm not much for making predictions, especially in the shorter timeframes, but what the hell, I will go on the record and call for a new ATH before year end.

 

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[ZCP]

 

[biophase]

I’m finally in as of a week ago. Lol

I don’t check its price daily, but I read this thread and then try to predict what btc is at. Going to go look now. You guys make it sound like it’s under $30k.

Update: Just checked. Guess I should be accumulation mode now.

 

[Ocean Man]

This thread is super active in a bull run, then when everyone's portfolio is sinking we just pretend crypto doesn't exist lmao

There’s no reason to post, just for the sake of posting. And I don’t think many people left this thread just because crypto went down.

We’ve talked about a coming bear market numerous times and I think that the active people in the thread knew that the prices were expected to go down eventually.

It’s normal. Not much to talk about when prices go down either, we’re not freaking out or anything. Just working the plan.

As for me, I hope the price goes down even further. I’m in my bear-mode accumulation phase. When people are scared and sell off, I’ll be buying. It’s just a cycle. I can hold these for 3-5+ years.

Like James, I’m not worried about the short term day-to-day price of crypto, I’m long-term. Years.

 

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[SusanneZoller64]

It's fair to say that the whole ecosystem lacks maturity. Even if you don't believe in any of this stuff, it seems like the 'smort' (not a typo, just stating... who knows what smart is) would be to have long exposure to ETH and instead of just HODL, hedge short with shitty alt coins.

Granted, it's specially difficult to be short, as a lot of these platforms don't even allow you to borrow or be short, but anyway... just sharing a passing thought. It would also be tricky to calculate the hedge I guess, but arguably could be done factoring in the delta of volatilities between coins.

Not that it's needed, but everything I say it's just for the sake of theoretical discussion and by no means should ANYONE take this as advice. I just like theoretical discussions and finance in general.

Thanks for this

 

[biggeemac]

I’m finally in as of a week ago. Lol

I don’t check it’s price, but I read this thread and then try to predict what btc is at. Going to go look now. You guys make it sound like it’s under $30k.

Update: Just checked. Guess I should be accumulation mode now.

One of the hardest things to do is to finally jump into your Coinbase account and set up a standard recurring purchase and dollar cost average. I literally did this today after promising myself for years that I would do it. Right now, I'm 90% ethereum since that is what I personally believe in, and I have an amount of USD going in weekly that I can afford. I will stop contributing once it becomes clear that things have gone parabolic. I've watched this same scenario play out for over 10 years now. I bought the dip and my dollar cost average is at around $2100 for ethereum.

I talked with one of my 18 y/o employees and she has never heard of bitcoin until today. This makes me think that we have barely scratched the surface in terms of mass adoption.

Looking forward to watching things over the next several years.

 

[Kak]

View attachment 38110

My favorite meme creature.

 

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[MoneyDoc]

What I fail to understand is why people without disposable money are treating crypto like a business? If you listened to the pumpers advice just a month ago or even weeks ago to "buy the dips!", you're in serious trouble right now. It just boggles my mind why those holding coins are rationalizing everything. This is VERY dangerous from an investment point of view.

At this moment in time, crypto is PURE speculation. I'm not talking about the technology, I'm talking about the coins. This is not a business, this is not an investment, this is not an asset. If you have $500k doing nothing in the bank, throw it at crypto if you want. But if you're working a 9-5 making $80k/year and think crypto is going to make you rich, you're going to be in for a bumpy ride. BTC is down almost 50% in weeks. 50%! Again, the pumpers are rationalizing this with "corrections are healthy". Lmao. This line of reasoning is hilarious.

Yes, prices can jump back to ATH next week, but you also have to think about the other side. I know it hurts to have your $300k cut down to $80k in a week. Obviously you're going to try to rationalize everything in hopes it will go back up. This is human nature. But this is why you have to remove emotions, and think holistically.

 

[Timmy C]

What I fail to understand is why people without disposable money are treating crypto like a business? If you listened to the pumpers advice just a month ago or even weeks ago to "buy the dips!", you're in serious trouble right now. It just boggles my mind why those holding coins are rationalizing everything. This is VERY dangerous from an investment point of view.

At this moment in time, crypto is PURE speculation. I'm not talking about the technology, I'm talking about the coins. This is not a business, this is not an investment, this is not an asset. If you have $500k doing nothing in the bank, throw it at crypto if you want. But if you're working a 9-5 making $80k/year and think crypto is going to make you rich, you're going to be in for a bumpy ride. BTC is down almost 50% in weeks. 50%! Again, the pumpers are rationalizing this with "corrections are healthy". Lmao. This is line of reasoning is hilarious.

Yes, prices can jump back to ATH next week, but you also have to think about the other side. I know it hurts to have your $300k cut down to $80k in a week. Obviously you're going to try to rationalize everything in hopes it will go back up. This is human nature. But this is why you have to remove emotions, and think holistically.

 

[Antifragile]

Excellent post @MoneyDoc.

Ironically it’s the very fact that Crypro is so speculative (a gamble) that makes the swing so high and low. And for those who have money to play with this, it’s a lot of fun. Yeah, I admit, it sucks watching the money shrink in the correction, but when it was going up 20-30% some weeks, or 500% p.a. it was great to play.

There is one more reason to play, and it has nothing to do with prices of crypto today. This forum is full of very bright people, business owners, creative types, problem solvers. Blockchain is a revolutionary tech of our day. Learning about it is best done by experience. Easiest is to own some crypto and start interacting with this new tech. Then find next problem to solve and deliver massive value to others. It’s the internet of the 1990s. Twitter wants to come to life.

Someone needs to let their ideas have unprotected sex and give birth to the next great thing with blockchain.

and yes, if you bought a month ago (like I did for some of my portfolio), it takes testicular fortitude to hodl. Yet that’s exactly what I’ll do.

 

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[GPM]

Seeing as lots of those who cried for the moon shot are now crying for the final crash, I figure this isn't the final crash of this run. Going against what the popular opinion is has so far worked decent for me.

My other option is to sell some, that way the price will go up.

 

[biophase]

One of the hardest things to do is to finally jump into your Coinbase account and set up a standard recurring purchase and dollar cost average. I literally did this today after promising myself for years that I would do it. Right now, I'm 90% ethereum since that is what I personally believe in, and I have an amount of USD going in weekly that I can afford. I will stop contributing once it becomes clear that things have gone parabolic. I've watched this same scenario play out for over 10 years now. I bought the dip and my dollar cost average is at around $2100 for ethereum.

I talked with one of my 18 y/o employees and she has never heard of bitcoin until today. This makes me think that we have barely scratched the surface in terms of mass adoption.

Looking forward to watching things over the next several years.

What sucks is that Coinbase pro doesn’t have DCA.

I should add that I don’t know what I’m doing. I’m just trying to even out my asset portfolio. Right now I am very heavily weighted in real estate. Next are stocks. I figured I should allocate some small percentage to crypto, so I’ll probably be slowly buying a little every month.

 

[Timmy C]

Seeing as lots of those who cried for the moon shot are now crying for the final crash, I figure this isn't the final crash of this run. Going against what the popular opinion is has so far worked decent for me.

My other option is to sell some, that way the price will go up.

Retail leverage traders have been liquidated due to the lovely institutional folks. If you think about it logically, and how much money is coming in, they can swing this bad boy down hard easily. They want our coins, they want you scared. They ain't getting mine.

I highly doubt we are in a bear market. Everyone thinks we are, I don't.
Let's just say you do believe we are going to enter a bear market and are convinced of such.
At least wait for the relief rally and sell into that. I won't be though.

The price will go up after the average guy gives up and sells.

 

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[Sethamus]

What sucks is that Coinbase pro doesn’t have DCA.

I should add that I don’t know what I’m doing. I’m just trying to even out my asset portfolio. Right now I am very heavily weighted in real estate. Next are stocks. I figured I should allocate some small percentage to crypto, so I’ll probably be slowly buying a little every month.

Didn’t you buy some at $5k after March? Figured this year would have brought your crypto allocation % up. Does this mean you are going heavier weighted than the norm of 5-10% that you normally see people mentioning? Just curious as I would take this as a sign of better adoption for the future if more people are upping their allocations.

 

[GPM]

@biophase Just do it with regular coinbase, and then trade it into your coinbase pro after the fact if that's where you want it. Free and instant trades between the two.

If you are looking to purchase and hold though I would move it onto your own hard wallet.

 

[Kevin88660]

View attachment 38108

I think supercycle is intact. The market is doing what every uptrend has to go through, that are many mini-cycle of leveraging and deleveraging.

People confuse deleveraging deflation (50% or more wiped out quickly in days or a few weeks) and with a pro-longed bear market (80% wipe out that took over more than a year and then 2 to 3 years needed to reach ATH again).

The former seems more painful but hold your bags to 2 months at best and 6 months at worst and you are profiting again. V shaped dip and recovery are always part of the game. Crypto world is the only financial market that allows this kind of crazy leveraging up and deleveraging down and people should't use the magnitude of fall as an interpretation of market cycle changing.

 

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[Timmy C]

 

[MitchC]

It’s already back up, almost time to start buying

 

[Kevin88660]

It’s already back up, almost time to start buying

Have been buying a lot of alt as I know they ll outperform btc and blue chips in the coming leveraging cycle right after deleveraging

 

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[Antifragile]

It’s already back up, almost time to start buying

You are supposed to wait for the ATH top to start buying again.

 

[MitchC]

You are supposed to wait for the ATH top to start buying again.

That’s why I said almost time, once we see a new top I’m going all in

 

[Sethamus]

Where everyone should be, and then the reason we are in this predicament....

So that's it huh? You guys really think that was the top and we are in for winter now?

Idk where we are and don’t really care too much. Still doing what I said last week, buying the low 30-35k range and selling 40-45k range in pieces. Rinse and repeat for the next few weeks or however long this last. It will either drop to 20k where hopefully I still have monies to play with or bounce above the 48k range where I will buy at when it retest.

 

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[JamesQB8]

https://twitter.com/i/web/status/1396824302981287936

View: https://twitter.com/naiiveclub/status/1396824302981287936?s=19

 

[Train]

https://twitter.com/i/web/status/1395060689421574145

View: https://twitter.com/harsha_shetty17/status/1395060689421574145?s=19