Bitcoin / Cryptocurrency Discussion (And Predictions)

[TinyTim]

during the upcoming altseason,which coin is the best option?

What if told you that one isn't coming soon

 

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[Antifragile]

Seems to me like a little more opportunity to get Lukso for cheap. I bet the next 6 months will make the current pricing look like a bargain, whether it goes to mainnet or not.

What's the general consensus on the pricing for crypto in December? Is there an expectation that there will be a sell off before year end with a buy back in January?

 

[GPM]

General consensus is that Crypto is a shit show at the end of the year. This year there is massive institutional money involved... so who knows how that will play out.

Talk about the market taking a dump today though.

 

[Antifragile]

General consensus is that Crypto is a shit show at the end of the year. This year there is massive institutional money involved... so who knows how that will play out.

Talk about the market taking a dump today though.

Yeah, I just picked up some ETH at $5k CAN per coin. Didn’t think I’d see this price this year again!

 

[Ocean Man]

Seems to me like a little more opportunity to get Lukso for cheap. I bet the next 6 months will make the current pricing look like a bargain, whether it goes to mainnet or not.

What's the general consensus on the pricing for crypto in December? Is there an expectation that there will be a sell off before year end with a buy back in January?

Agreed on LUKSO.

 

[JamesQB8]

What's happening guys I'm trying to call the blockchain to get my money back

 

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[TinyTim]

And there it is!

High price but paper-thin buying books equals dump. (mtrl_scientist is a great follow)

 

[EVMaso]

Maybe it's just coincidence, or maybe Elon Musk actually has internet Thanos powers.

https://twitter.com/x/status/1466942645545099272

View: https://twitter.com/elonmusk/status/1466942645545099272

 

[srodrigo]

Do you guys know any good Technical Analysis resources (either books or YouTube series) worth looking into?

In your experience, does TA work well on cryptos? Long ago, I had a look at some tutorial series and that guy thought the same principles apply but cryptos move faster, so things like moving averages tend to be used differently.

 

[ramonorencio]

Do you guys know any good Technical Analysis resources (either books or YouTube series) worth looking into?

In your experience, does TA work well on cryptos? Long ago, I had a look at some tutorial series and that guy thought the same principles apply but cryptos move faster, so things like moving averages tend to be used differently.

I learned a lot from this dude: https://youtube.com/c/KrownsCryptoCave

Also from losing a lot of money, from looking at charts everyday, and figuring out how and why price moves.

Hope y’all are good after this dump. Could go back down a bit more so manage that risk.

 

[mguerra]

Maybe a bit lower than now.

If it goes to 40-42k its time to ape in and LET'S GO TO ONE LAST RIDE!

 

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[gryfny]

I learned a lot from this dude: https://youtube.com/c/KrownsCryptoCave

Also from losing a lot of money, from looking at charts everyday, and figuring out how and why price moves.

Hope y’all are good after this dump. Could go back down a bit more so manage that risk.

Thanks, I was also looking for some information on this. I'm thinking of doing a course on trading in january. It's like 3k for a week fulltime training in a small group. Covers all topics, TA, FA, stocks, options and crypto. But I guess the information should be out there for free, but it's hard to find good sources of info.

 

[Antifragile]

What a puke today, must be the leveraged sell offs causing this mess. Only good for people like me! I loaded up on my favourites. Put in some limit buy orders and was pleased they filled up.

Sure, it may go down again and more, who the hell knows the future? But if you wanted a particular position and it was "on sale" before christmas - yeah, buying it isn't a bad idea.

 

[MoneyDoc]

What a puke today, must be the leveraged sell offs causing this mess. Only good for people like me! I loaded up on my favourites. Put in some limit buy orders and was pleased they filled up.

Sure, it may go down again and more, who the hell knows the future? But if you wanted a particular position and it was "on sale" before christmas - yeah, buying it isn't a bad idea.

Only reason I’m slightly hesitant is because this “dip” came before the potential stock market sell off next week… if we do have one, I just don’t see how BTC can hold current levels. It will probably retest the wick to $41k.

Very hard to tell at this point.

 

[Antifragile]

Only reason I’m slightly hesitant is because this “dip” came before the potential stock market sell off next week… if we do have one, I just don’t see how BTC can hold current levels. It will probably retest the wick to $41k.

Very hard to tell at this point.

100% this.

Here is more detail on what I did.

I wired funds a few weeks ago. Ready for deployment… but waiting for the right time.

During this dip I spent 25% of my fiat only. Sitting on 75% just in case but will continue to be opportunistic this month. The plan is to deploy all before New Year.

So I’m feeling pretty good buying, even if I get it wrong, I’ll average down on the next purchase.

 

[BAUCE]

what in the world happened to this thread?

I learned a lot from this dude: https://youtube.com/c/KrownsCryptoCave

Also from losing a lot of money, from looking at charts everyday, and figuring out how and why price moves.

Hope y’all are good after this dump. Could go back down a bit more so manage that risk.

I knew next to nothing before watching this dude on Elio's channel. I listen to Krown almost daily just trying to soak up the information. I feel like Im starting to grasp a little of what he's saying hah.

 

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[srodrigo]

I learned a lot from this dude: https://youtube.com/c/KrownsCryptoCave

Also from losing a lot of money, from looking at charts everyday, and figuring out how and why price moves.

Hope y’all are good after this dump. Could go back down a bit more so manage that risk.

Thanks man. He's got a playlist on TA, so I'll have a look.

 

[Antifragile]

If it keeps going down, I’ll have way too much LYXe…

 

[Ocean Man]

If it keeps going down, I’ll have way too much LYXe…

Christmas came early!

 

[robjohn]

Yes it did! I'm loading up more as well
How low do you guys think it will go? $10 ?

 

[Antifragile]

Yes it did! I'm loading up more as well
How low do you guys think it will go? $10 ?

Initially I expected $15 to be the bottom from the top. Clearly it’s lower now… who knows how low. I’ll just keep averaging down.

 

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[robjohn]

Initially I expected $15 to be the bottom from the top. Clearly it’s lower now… who knows how low. I’ll just keep averaging down.

True. I'm taking advantage and lowering my average as well. Currently at a loss but I have faith that it will bounce back in a few months time.

 

[Ocean Man]

True. I'm taking advantage and lowering my average as well. Currently at a loss but I have faith that it will bounce back in a few months time.

My plan is once mainnet hits and I'm able to be a validator, that's what I'll look into possibly doing.

 

[zhangmin_007]

My plan is once mainnet hits and I'm able to be a validator, that's what I'll look into possibly doing.

wether if you need spend a lot money to buy computers?

 

[robjohn]

wether if you need spend a lot money to buy computers?

Lukso is Proof of Stake so the harware requirements are not the same as Proof of Work.

 

[AceVentures]

If anybody is going to play the game right now - pay attention to demand: ETH is the only thing that is seeing demand right now. Both for block production as well as from market demand. This is the most crucial observation to keep in mind.

 

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[Fox]

The lowest it has been since July 21st.

Crypto Fear & Greed Index - Bitcoin Sentiment

The crypto fear & greed index of alternative.me provides an easy overview of the current sentiment of the Bitcoin / crypto market at a glance.

alternative.me

 

[Eevo]

After learning a lot about crypto in recent weeks (much thanks to this thread!), I bought my first crypto recently - a relatively small amount of ETH.

It's always nice to take that first leap into something new. I'll obviously focus on building my knowledge base before I get too crazy with any investments, but I'm very excited to keep internalizing myself into this space!

Appreciate everyone sharing their knowledge here!

 

[GPM]

View attachment 41027

The lowest it has been since July 21st.

Crypto Fear & Greed Index - Bitcoin Sentiment

The crypto fear & greed index of alternative.me provides an easy overview of the current sentiment of the Bitcoin / crypto market at a glance.

alternative.me

Extreme fear. Meanwhile we are sitting at close to the highest eth and Bitcoin have ever been.

My alts are getting slaughtered. A month ago my VET was like $0.23. today it's like $0.10 or something

 

[MoneyDoc]

Crypto firm CEOs to testify before U.S. House banking panel on Dec. 8

The top executives of eight major cryptocurrency firms, including Coinbase Global Inc , will testify before the U.S. House Financial Services Committee on Dec. 8, the panel announced on Wednesday.

www.reuters.com

TL;DR: Meeting will focus on the challenges and benefits of financial innovation.

Bullish for crypto?

There's also the FOMC meeting next week where tapering + rates will be discussed.