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Is anyone else starting to become a bit excited?

q85dw7osi4lebg

As per title, have we reached the bottom ?

Don't think we'll see the likes of $3200 ever again.

$5150 at time of posting.

Back in the mainstream media once more.

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jimmii

JohnnyFlash wrote: »

I presume that is aimed at me. I've had to say it many times before, but I'll say it again for clarity - I don't take any particular pleasure in people losing money on this odious ponzi scheme. Not the rubes anyway. I do love the idea of sociopaths like Wright, Justin Sun, Pomp etc losing their bollocks.

What I don't like is how the rubes try to rope new blood into the crypto ponzi. This takes many forms - FOMO, the halving, fundamentals, 200 (or other random figure) DMA, distributed finance, store of value etc etc. They make this attempt to confuse new blood by using technical mumbo-jumbo that they don't understand themselves.

I've toned down significantly in my use of language to show how contemptuous I find all this.

No not you. Totally agree with what you say about how some stuff is put put there to drum up money from people who don't quite have any business putting money in. Some of the crap you see on Twitter you have to think come on you aren't really believing that crap you're posting are you! The people just coming in to gloat and not contribute and essentially just troll are the issue.

JohnnyFlash

jimmii wrote: »

You would think they would have better things to do but guess they're sat at home with nothing to do. Mods are going to be extra busy for a while!

I presume that is aimed at me. I've had to say it many times before, but I'll say it again for clarity - I don't take any particular pleasure in people losing money on this odious ponzi scheme. Not the rubes anyway. I do love the idea of sociopaths like Wright, Justin Sun, Pomp etc losing their bollocks.

What I don't like is how the rubes try to rope new blood into the crypto ponzi. This takes many forms - FOMO, the halving, fundamentals, 200 (or other random figure) DMA, distributed finance, store of value etc etc. They make this attempt to confuse new blood by using technical mumbo-jumbo that they don't understand themselves.

I've toned down significantly in my use of language to show how contemptuous I find all this.

Lex Luthor

Addison Fancy Macrame wrote: »

Crypto YouTubers are Bybit shillers and nothing else, a stain on the industry.

One or two make ok calls but I don't know anybody who called this drop.

Most are traders too with weak hands not hodlers like myself and a few in here.

I've cooled the jets on any trading now....everything is on the Ledger Nano and I'm switching off crypto for a while.
I'll set up a few alerts on the phone app in case anything goes wild but yesterdays action was enough for the year

FFVII

Thargor wrote: »

Its just the one dreg with two accounts. Remember when his boast about having and using multiple voting cards in a referendum didnt go down as well as he'd hoped then the other account suddenly appeared to say that he just happened to be a multi-voter aswell and it was totally normal lol

Admin tools check alot. Even for writing similarities.

I'm sure he was reported by some on here so if he still here then....

Plus, I see nothing wrong with his posts, you just have to disagree with one or two on here to be a "dreg" whatever that is.

Thargor

SteelyDanJalapeno wrote: »

I love how a drop in price brings out the same old dregs in this thread

Its just the one dreg with two accounts. Remember when his boast about having and using multiple voting cards in a referendum didnt go down as well as he'd hoped then the other account suddenly appeared to say that he just happened to be a multi-voter aswell and it was totally normal lol

q85dw7osi4lebg

Lex Luthor wrote: »

I see a few crypto youtubers are now doubting the future big price action of BTC

The rest bite today was a welcome break but dont think we are out of the woods yet

I considered doing a small short last night before going to bed but it was too volatile...I woke up at 2am and had a quick look at my phone and seen the price was €3800, I nearly $h!t the bed

Crypto YouTubers are Bybit shillers and nothing else, a stain on the industry.

One or two make ok calls but I don't know anybody who called this drop.

Most are traders too with weak hands not hodlers like myself and a few in here.

Lex Luthor

I see a few crypto youtubers are now doubting the future big price action of BTC

The rest bite today was a welcome break but dont think we are out of the woods yet

I considered doing a small short last night before going to bed but it was too volatile...I woke up at 2am and had a quick look at my phone and seen the price was €3800, I nearly $h!t the bed

Grumpypants

Investments go up and down in the short term. But you should invest long term

makeorbrake

SteelyDanJalapeno wrote: »

I love how a drop in price brings out the same old dregs in this thread

Take no notice - it's just sour grapes. I don't know how the germans came up with 'shadenfreude' first...would have been more apt for the irish to come up with it.

Gold has also gone down - as asset managers cover leveraged positions in the regular market. When a broader recession follows, it's logical that both will be hit as people scramble for funds to cover debts and expenses. It's what happens after that - that will be of most interest.

jimmii

SteelyDanJalapeno wrote: »

I love how a drop in price brings out the same old dregs in this thread

You would think they would have better things to do but guess they're sat at home with nothing to do. Mods are going to be extra busy for a while!

SteelyDanJalapeno

I love how a drop in price brings out the same old dregs in this thread

Pintman Paddy Losty

caff wrote: »

Bitcoin and gold are illiquid, can't purchase things quickly with them. Cash and bonds are king right now.

I thought cryptocurrencies are revolutionising the way we make payments? Instantaneous, safer and cheaper than traditional banks?

Granted I haven't really been around these parts in a long while, but I presumed most of the barriers would have been removed by now? Is that lightning network not up and running? Has crypto not shown many valuable and effective use cases yet?

There's a global crisis at the moment. People all around the world are remaining in their homes. Surely now is the time for global digital currencies with trust built in to shine? No?

caff

Pintman Paddy Losty wrote: »

Ha! I thought bitcoin was "digital gold".

I thought that it was a safe haven uncontrolled by duplicitous central banks and a great place to put your money to avoid a recession caused by the fiat system?

What is going on?

Bitcoin and gold are illiquid, can't purchase things quickly with them. Cash and bonds are king right now.

Pintman Paddy Losty

Ha! I thought bitcoin was "digital gold".

I thought that it was a safe haven uncontrolled by duplicitous central banks and a great place to put your money to avoid a recession caused by the fiat system?

What is going on?

grindle

https://reason.com/2020/03/12/federal-reserve-promises-a-trillion-plus-in-short-term-loans-to-banks/

All makes for interesting times I guess!

Anybody thinking that the whole space disintegrates as vaporware makes as much sense as the people who think these are the days of World War Z. Businesses are going to go through a tough time, most people with capital are going to want at least some of their money outside of speculative assets to reinvest when there's a bounce and a sense of positivity.

Worst case scenario with this virus (imagine everybody becoming an carrier) is a huge amount of people 50+ with pre-existing conditions die. Terrible if it happens and we'd all know somebody touched by it, if not ourselves, if it happens - but the world continues to exist. Economies will continue to exist. Companies will still need investors. Any crypto that has a valid usecase will still be useful to people/businesses/organisations that want to use them.

Maybe that takes months if things level off as they are right now, maybe a few years if it gets Spanish Flu-esque. The world still turns, y'know?

q85dw7osi4lebg

Hard to stomach that today now. I've just bought big on BTC sub 5k, getting twice as many sats as I was two weeks ago is hard to wrap my head around. I'll probably hold off the DCA'ing now until the halving.

Arrival

t3_fhqm00?url=https%3A%2F%2Fi.imgflip.com%2F1fpixa.jpg&token=AQAAzvNqXrT9hjWhvxge51FflWkx3rwPvF7RZE1K2k_w2HboNmW_&app_name=mweb2x

Bob24

unkel wrote: »

Jaysus!

40% down in just one day, now just USD4700

Anyone dare put any predictions in? Further down? Or back up? What will it be at the end of this month, at the end of June, at year end 2020?

Besides hand gel, every asset class is being dumped at the moment (even gold although it does best). So I'd say for the time being BTC I tight to coronavirus news and the stock market (meaning more losses). And I don't think technical analysis and support levels matter as much ATM - we are in panic mode on every market with many people who are selling to rase cash no matter what.

As to where it stops and how much it can recover ... no, I am not brave enough for predictions :-)

Dohnjoe

unkel wrote: »

Jaysus!

40% down in just one day, now just USD4700

Anyone dare put any predictions in? Further down? Or back up? What will it be at the end of this month, at the end of June, at year end 2020?

All total guesswork: when/if Corona situation starts to look better, would reckon there will be a jump to a point, then a hangover bear for a good long while

Regardless of traditional investments, who will want to go into something that can do almost 50% across the board in 48 hours - in reaction to something it was "supposed" to hedge against. Crypto's own "black swan".

JJJJNR

2900 then bounce.

unkel

Jaysus!

40% down in just one day, now just USD4700

Anyone dare put any predictions in? Further down? Or back up? What will it be at the end of this month, at the end of June, at year end 2020?

JJJJNR

Kin is .000003 cent an absolute bargain.

Arrival

flexcon wrote: »

Oh I get it. I’ve no doubt. But I don’t have the confidence or intellect to understand how in gods name it drops from 9K to 4.5K in less than 48 hours. It’s real money I put in there and it’s gone. It’s over.

I’m not going to sink because of this but all my
Play money is lost. Once it’s back up then I’m out and buying a play station or something I can actually enjoy for a few years of peace!

It's not gone and over unless you sell and actually realise your losses. You're obviously new to this but you need to settle in. When you put money in you should've been doing so with the aim of holding it for multiple years, I personally decided minimum of 5 and I'll see from there. Everything else in the meantime is entertainment from the speculation

Can't be so emotional about money like this, as you say it won't sink you I assume it's only money you were willing to lose in the first place so just relax. Weak hands don't earn money long-term

Arrival

sabat wrote: »

Sub 2k by the end of the month then the inevitable drift to vaporware. It's over folks. Bitcoin's long promised moment in the sun was supposed to be happening right now and it's in less demand than a 24 pack of cushelle.

Shut up trying to make such concrete predictions as if you know it all, people who do that are fools, absolutely nobody knows where it'll go from here and how it'll turn out for certain. Your tone even seems like you may be getting some kind of pleasure out of this; if that's the case you're actually pathetic.

This pandemic was completely unexpected and many people who would've invested in Bitcoin are liquidating investments to cover emergency funds as these next few months are going to be dreadful. Everyone's priority is ensuring they're able to fully look after themselves and their families now, once everything bounces back we can actually entertain analysis and predictions again

nyarlothothep

JJJJNR wrote: »

now would be a perfect time for Facebook to launch libra..

God no, they'll ruin a really cool space by monopolising it under a centralised surveillance sh1tcoin.

flexcon

JJJJNR wrote: »

This is run of the mill stuff. I'm still buying.

Oh I get it. I’ve no doubt. But I don’t have the confidence or intellect to understand how in gods name it drops from 9K to 4.5K in less than 48 hours. It’s real money I put in there and it’s gone. It’s over.

I’m not going to sink because of this but all my
Play money is lost. Once it’s back up then I’m out and buying a play station or something I can actually enjoy for a few years of peace!

Grumpypants

sabat wrote: »

Sub 2k by the end of the month then the inevitable drift to vaporware. It's over folks. Bitcoin's long promised moment in the sun was supposed to be happening right now and it's in less demand than a 24 pack of cushelle.

No it isn't. The halving isn't until May so any uptick is a good but behind that. This is a shock but every market is tanking bar shares in bog roll.

JJJJNR

Stuff I'm buying was already close to zero and has now gone as close to zero as you can get hence I bought. I wouldn't touch any of the top 400 coins atm.

radiotrickster

Is now a good time to start buying then or do we think value won’t go back to pre-drop levels?

Dohnjoe

JJJJNR wrote: »

This is run of the mill stuff. I'm still buying.

It's unprecedented. 40% in 24 hours is the biggest drop I've ever seen.