Is anyone else starting to become a bit worried? mod note in first post

washman3 · 09-05-2022 11:29PM

https://www.boards.ie/discussion/comment/119038981#Comment_119038981

Heard a few cases now where people are getting simple whatsapp messages. Starts with a good few "get to know you" chats about various topics like sport, cars, holidays etc and builds up to making money and huge profit. Wonder how they obtain peoples numbers and it seems to be in clusters throughout the country. And no doubt the greedy ones are out there and will fall for it.

fritzelly · 09-05-2022 11:34PM

https://www.boards.ie/discussion/comment/119039062#Comment_119039062

Yeah whatsapp is what I meant not telegram, notorious for it - usually starts as oh wrong person then gets into conversation, just random number generator

Potatoeman · 10-05-2022 10:29AM

One thing to keep in mind is that the available supply of Bitcoin on exchanges is shrinking and large buyers are buying ‘over the counter’ which is not reflected in the price.

Potatoeman · 11-05-2022 08:18AM

Terra dumping their Bitcoin for cash means no supply squeeze for a while at least.

antimatterx · 11-05-2022 10:43AM

Luna now trading at €4.5 and UST at €0.40. Incredible

FFVII · 11-05-2022 11:12AM

https://www.boards.ie/discussion/comment/119045130#Comment_119045130

Explain?

dougal0691 · 11-05-2022 01:16PM

terra is down 95% over the last 24 hours.

terra also has the terra usd stable coin which is pegged to the us dollar. it was trading at 31 cents at one stage.

I didnt read up too much on it at the time but terra bought billions of bitcoin lately. I think it was to keep it in reserve so if there was a danger of the stable coin de-pegging the bitcoin could be sold to keep it stable. it looks like an experiment that went terribly wrong.

Ixlandia · 11-05-2022 02:00PM

Big drop in Bitcoin right at 1.30pm irish time, related to US CPI announcement

erlichbachman · 11-05-2022 03:04PM

https://www.boards.ie/discussion/comment/119046159#Comment_119046159

Bounced straight back, there's a lot of people out there who like the idea of paying 30k for bitcoin

Ixlandia · 11-05-2022 03:37PM

https://www.boards.ie/discussion/comment/119046756#Comment_119046756

Yeah I see that, that’s the work of institutions I guess

deisedav · 11-05-2022 03:50PM

https://www.boards.ie/discussion/comment/119045879#Comment_119045879

Just looked up the 24 hour volume it's almost 16 billion, complete **** show, people couldn't get the money out fast enough. Relieved I wasn't invested but had looked at it a while ago.

Dohnjoe · 11-05-2022 05:43PM

If this panic fuels a proper bear and the bear creates a "crypto winter", then that will be the time to buy (if people have decided to buy). We've had this multiple times already and people, even friends, have refused to buy when everything is red for months/years. It's amazing how they were tripping over each other to buy when the stuff had already climbed 30x and is hitting ATH though. The psychology of this never changes.

11-05-2022 06:04PM

Crypto winter...? This will trigger an ice age

Sierra Oscar · 11-05-2022 06:25PM

Coinbase is getting absolutely destroyed. Share price is down 85% from its high. Some people are after losing an awful lot of money. It's lost 30% of its value today alone.

silliussoddius · 11-05-2022 06:30PM

Are stable coins stable in the same way the Titanic was unsinkable?

Sierra Oscar · 11-05-2022 07:01PM

Another big fall with BTC the last few minutes, if this keeps up we will be testing €25k soon enough. Doing it's best to keep above €28k though.

Akrasia · 11-05-2022 08:17PM

“How did you go bankrupt?” Bill asked. “Two ways,” Mike said. “Gradually, then suddenly.”

iColdFusion · 11-05-2022 08:55PM

Me at least five times in the last week: Wow this must really be the bottom of the dip I should think about buying in!

Morgan Freeman narrating my life: Little did he know it was not.

😄

Dohnjoe · 11-05-2022 09:08PM

https://www.boards.ie/discussion/comment/119048361#Comment_119048361

In 2018 it just kept falling, I remember thinking there's no way it will go below X, then it would go 50% below that, then stabilise, climb, then fall another 70% below that. A sizeable number of my alts dropped over -95% that year, and stayed down for 2 years after.

I'm watching this with interest, but no way I would buy until it's at least another 60% below current levels.

Donald Trump · 11-05-2022 09:43PM

Open interest on MSTR puts at $10 according to article on Bloomberg. No details as to expiry on those.

HGVRHKYY · 11-05-2022 09:59PM

https://www.boards.ie/discussion/comment/119048437#Comment_119048437

60% below current levels (~$30k) would put it around $12k, but historically it's never retraced below the ATH of the previous cycle as far as I know, and the previous ATH was ~$17k. So it'd be extremely surprising if it ended up dropping below that level, but only one way to find out

FFVII · 11-05-2022 10:09PM

https://www.boards.ie/discussion/comment/119048723#Comment_119048723

naaa, not happening.

Dohnjoe · 11-05-2022 10:10PM

https://www.boards.ie/discussion/comment/119048723#Comment_119048723

It went from 20k (2017) to 3k (xmas 2018), I just use a ratio of that to figure where'd I'd start buying now, although would add a bit because I suspect many are using the same technique. Personally I've gone more towards Eth over the past years, so if Eth could drop to around sub-500 (eur) I'd start thinking about it. I'm greedy as hell though, I'm only interested in 10x minimum of my investment. Have no issues waiting a few years.