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HOT TOPIC Bitcoin / Cryptocurrency Discussion (And Predictions)

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Antifragile

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Sethamus

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Well, we're past correction territory now.

Guess that was the top.
If so we should still get a bounce back attempt coming, the market just doesn’t drop to zero. Look at 2018 and also stocks in general. If you bought high look into doing a stop loss on the bounce up so if it doesn’t retest and go past the ath you can still get out with something. (Hopefully around 48-55k bounce at least, and then we can see if it will get pushed higher or continue the bear trend to confirm the top).
Selling now would be a mistake IMO.
 

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SELL LOW BUY HIGH
 

Lex DeVille

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:rofl:
 

Einfamilienhaus

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New to Cryptocurrency and I start to bleed :)

A friend of mine wants to sell his coins on Coinbase and the website crashes.

Now it shows who is ready to proof himself of being a risk taker.
Invested 5k into cryptocurrency and lost more than 40% within less than a month. I really dont care about this money. I'm here for the show.

One question: is this officially the Red Day for Cryptocurrency or hasn't it like this before?
 

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Timmy C

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New to Cryptocurrency and I start to bleed :)

A friend of mine wants to sell his coins on Coinbase and the website crashes.

Now it shows who is ready to proof himself of being a risk taker.
Invested 5k into cryptocurrency and lost more than 40% within less than a month. I really dont care about this money. I'm here for the show.

One question: is this officially the Red Day for Cryptocurrency or hasn't it like this before?
This is but a flesh round.
We seen way worse than this.

But this is why BTC is always my biggest holding.

Protect against downside risk.

Alts I took profit on already, some are down 60%
 
D

Deleted78083

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Well this I getting freaky, I am not gonna lie.

Why does this always happen towards the end of the month when I am going to sell some? I should be taking profits at the start of the month I guess.
Because retail has less money at the end of the month and hence can't buy the dip.

This is also why you will get better discounts on cars, etc by the end of the month. Less people are buying.
If so we should still get a bounce back attempt coming, the market just doesn’t drop to zero. Look at 2018 and also stocks in general. If you bought high look into doing a stop loss on the bounce up so if it doesn’t retest and go past the ath you can still get out with something. (Hopefully around 48-55k bounce at least, and then we can see if it will get pushed higher or continue the bear trend to confirm the top).
Selling now would be a mistake IMO.

Yeah it's obvious. To be fair I am weirdly detached from it all.

I sold my stocks in mid-March 2020 and saw the market roaring back afterward. That taught me a valuable lesson.

If anything this bull market showed, it's that:

1. We're still early in crypto
2. It has tremendous potential
 

Sethamus

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Annoying that 2 of the 3 exchanges I use are crashing when I’m trying to put a buy order in.

Edit: This is why stop losses are important, sells when you cannot login.
 

GPM

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I am not thinking this is the top of this bull cycle. I just don't see it. I've been wrong before, and I can be wrong again.

I am not selling this month (other than like 2 eth I had planned before). I'm trying to detach myself from this and just remind myself it's only numbers on a screen until I actually buy or sell.

If this is the top and we missed it that means that the masses never really were involved with this run compared to the last run.

Wake me up in a week and let me know how it's going...
 

EvanOkanagan

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Every Youtube "expert" on Bitcoin that I've been watching is guaranteeing at least a 100k by year end. What great opportunity to buy now and triple your money if so. Hopefully their crystal balls work.
 

Antifragile

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Annoying that 2 of the 3 exchanges I use are crashing when I’m trying to put a buy order in.

Edit: This is why stop losses are important, sells when you cannot login.
Stop loss order presupposes that you prefer to keep your crypto on an exchange and not in your wallet. Not me.

I am ok with @GMP‘s strategy - I’ll just revisit my wallet in a few weeks and see what’s up. Hopefully I am right and this was the bottom with some wicks and a bounce back by SeptembeR.
 

GPM

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LOL!!! I have been refreshing during the most insane portion of this. I am setting up a new laptop right now so I just have stuff open to watch this. ETH dropped to $2700 CAD, I refresh and its $2400, I refresh again and its $2900. Right now I refresh and it is at $3,132. I wonder how many people liquidated at $2400.

I have one of my brothers Eth and he asked me to send it back to him. I just got ledgerlive on this laptop so I figured I would do it. 0.03 Eth fees to send it!!!!! That IS INSANE!!!! I hope my mining payout reflects this insane transaction volume and I get a nice boost.

Oh, and I didn't transfer it. Those fees made me want to try again in a few days.
 

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Sethamus

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Stop loss order presupposes that you prefer to keep your crypto on an exchange and not in your wallet. Not me.

I am ok with @GMP‘s strategy - I’ll just revisit my wallet in a few weeks and see what’s up. Hopefully I am right and this was the bottom with some wicks and a bounce back by SeptembeR.
Cheap coins can stay on a cold wallet for long term, but you miss out on a few thousand in profits if you are late that you can take and go buy more at a discount. It is all about total coin accumulation, not just holding my original purchase for 10 years. All this shit happens at night and early morning anyways and I don’t want to stress and watch the market every second.
 

Einfamilienhaus

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This is but a flesh round.
We seen way worse than this.

But this is why BTC is always my biggest holding.

Protect against downside risk.

Alts I took profit on already, some are down 60%

Maybe the E Yuan is the new solution ;)
 

Kak

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I provided one..
He’s honestly the only person in this thread I felt like trolling.

My stance has always been relatively neutral on crypto as an investment, and very positive on the tech itself, which was seen by many here as a the resident Peter Schiff, Cheerios pisser.
 
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Sethamus

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@James Fake whats going on here?

I figured I’d have a detailed, chart laden, analysis by now.
He is too busy trying to get his buys in. Unless I move over more money I’m done for the day, just waiting for an order to hit.

Thread watch party, we even got a blessed visit from the forums pornstar today.
 

GPM

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So here is something interesting. My mining payouts are estimated to be 400% higher than they were yesterday. So even with this bloodbath my dollars earnings are up big time. I am also hoping to not have to sell any of this, so if prices recover whatever my earnings bump was may end up being significant.

I am still not too happy about the low prices and selling a few to pay off new hardware acquisitions, but I guess that is the name of the game.
 

Matt Sun

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This video from 3 weeks ago really nailed it... Wyckoff distribution, standard market manipulation... Elon Fud and china Fud in the same week... seems like big money is here and this is how they play, only antidote I know is adjust or just hodl . Fundamentals don't change.

View: https://www.youtube.com/watch?v=Lhf_2gJJS1I&t=1s
 

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