Is anyone else starting to become a bit excited?

Bob24 · 24-03-2020 05:38PM

Dohnjoe wrote: »

Except of course when their favorite crypto partners with a financial institution, or another centralised entity, or large corporation, or the people's republic of China

Whatever, as long as the price goes up so we can cash out to a real currency at a later stage

Well each single one of sometimes has double standards and contradictions I guess ;-)

JJJJNR · 26-03-2020 01:08AM

https://brrr.money/

:pac:

q85dw7osi4lebg · 26-03-2020 01:12AM

JJJJNR wrote: »

https://brrr.money/

:pac:

That's hilarious !

cnocbui · 26-03-2020 02:24AM

When the truth hurts.

q85dw7osi4lebg · 27-03-2020 05:09PM

46 days or so until the halving.

Any predictions ?

Felt like 500 days away not so long ago!

GreeBo · 27-03-2020 05:13PM

FFVII wrote: »

Miners already stopped.

51% attack chat around last week.

It's a 50%+1 attack, not a 51% attack!

Meanwhile my crypto portfolio is very much in the sh1tter at the moment.

el diablo · 27-03-2020 05:53PM

Addison Fancy Macrame wrote: »

46 days or so until the halving.

Any predictions ?

Felt like 500 days away not so long ago!

I think it'll be pretty uneventful. The halv(en)ing is already priced in as everyone involved in crypto knows it's coming. It'll turn out similar to LTC'c halv(en)ing last summer.

Lex Luthor · 27-03-2020 06:17PM

dont expect anything on the day, usually the effects come weeks after

Arrival · 27-03-2020 08:13PM

Lex Luthor wrote: »

dont expect anything on the day, usually the effects come weeks after

It's more like the months/following year. Don't think many are expecting much to happen over the next few months, especially with the pandemic still being in its early days, but it'd definitely be a welcome bit of positivity to have things take off a bit

Grumpypants · 27-03-2020 08:59PM

If anything we'll see a crash right around the halving as people expect a surge. When it doesn't happen they will quickly sell. The peak will love likely be a few months later.

FFVII · 28-03-2020 01:11AM

Arrival wrote: »

but it'd definitely be a welcome bit of positivity to have things take off a bit

Haha,

Timberrrrrr

makeorbrake · 28-03-2020 02:27AM

I think we're forced to zoom out and look at the broader economic picture. We're going into recession - and that's going to have implications for bitcoin. That four year cycle is likely to be pushed out to a 5 year cycle this time round.

Lex Luthor · 28-03-2020 10:31AM

and just as XRP was starting to social distance itself from the rest yesterday, bitcoin whales decided to dump on us

Volume was shocking though recently and was never going to breach that $6900 resistance

q85dw7osi4lebg · 28-03-2020 05:57PM

My own thoughts, it's not priced in. However I do think miners will dump prior to it in order to fund short term expenses moving forward until price rises. Going to save up some dry pow over the next 6 weeks in case there is a bargain can be had the week of the event.

Avid fan of the stock to flow model, if it fails it fails, if not, moon.

makeorbrake · 28-03-2020 06:08PM

Addison Fancy Macrame wrote: »

Going to save up some dry pow over the next 6 weeks in case there is a bargain can be had the week of the event.

I think macro events now trump all that. The opportunity i'm looking at is the absolute pain thats going to hit across the markets as we have not seen anything yet. Bitcoin will be forced down with all of that.

q85dw7osi4lebg · 28-03-2020 06:25PM

makeorbrake wrote: »

I think macro events now trump all that. The opportunity i'm looking at is the absolute pain thats going to hit across the markets as we have not seen anything yet. Bitcoin will be forced down with all of that.

Are you all out for now?

makeorbrake · 28-03-2020 06:40PM

Addison Fancy Macrame wrote: »

Are you all out for now?

No...i screwed up and failed to implement proper risk management. So i'm underwater - its not worth my while getting out now. I'll ride it out. I have some dry powder but i want to catch that at the bottom or not at all.

I'm still playing with earnings from 2019 so on the one hand, not so bad. On the other, I don't like giving $ back :-D

The fundamentals and the proposition for BTC and crypto is as strong as ever to me. Nothing has changed in that regard. It's just that this global cluster&*%& (between covid and the markets already needing a correction - and this endless pumping of money, the job losses) - bitcoin can't but be affected by that (along with every other asset). So it wont seem fun trying to sit through that...but thats what i think will be necessary. All should come right again - just need to stay the course.

q85dw7osi4lebg · 28-03-2020 06:43PM

makeorbrake wrote: »

No...i screwed up and failed to implement proper risk management. So i'm underwater - its not worth my while getting out now. I'll ride it out. I have some dry powder but i want to catch that at the bottom or not at all.

I'm still playing with earnings from 2019 so on the one hand, not so bad. On the other, I don't like giving $ back :-D

The fundamentals and the proposition for BTC and crypto is as strong as ever to me. Nothing has changed in that regard. It's just that this global cluster&*%& (between covid and the markets already needing a correction - and this endless pumping of money, the job losses) - bitcoin can't but be affected by that (along with every other asset). So it wont seem fun trying to sit through that...but thats what i think will be necessary. All should come right again - just need to stay the course.

Agreed. However good to see Bitcoin up 20% in 12 Months while Dow & S&P have given away 2 years of gains, despite brrrrrrrrrr and covid19, some hopium at least.

Hodl on. :cool:

28-03-2020 06:50PM

What's dry powder?

q85dw7osi4lebg · 28-03-2020 06:54PM

Deleted User wrote: »

What's dry powder?

Liquid assets and cash that can easily be utilised to acquire in this case Bitcoin / Crypto at short notice.

q85dw7osi4lebg · 29-03-2020 12:05PM

Entertaining to see the bybit shilling youtube moonboys who were calling for 14k 6 weeks ago now calling for $2400.

Grumpypants · 29-03-2020 01:13PM

They just spew out garbage. Sensational 14k or sensational 2k headlines prob drive the same amount if views.

q85dw7osi4lebg · 29-03-2020 01:57PM

Grumpypants wrote: »

They just spew out garbage. Sensational 14k or sensational 2k headlines prob drive the same amount if views.

It's awful, yet they are some of the most followed heads in the twittersphere. They are nothing without their affiliate links.

Lex Luthor · 29-03-2020 05:45PM

I'm below what I invested, but thats the nature of it, a few weeks ago I was up 10-15%

In it for the long term so happy enough to sit this one out

I've got a small bit of dry powder but BTC would want to drop to 3-4k for it to make it attractive to me at the moment as I picked up a bit on the last drop and not in a rush to pay in at this price

JJJJNR · 29-03-2020 10:37PM

Kin up 125%

robman60 · 30-03-2020 12:51AM

Just wondering what platforms you all use for crypto trading? Honestly am not a big believer in cryptos but I'm basically willing to take a punt while prices are down a bit.

I've seen coinbase. 1.5% fees don't seem great but might be the best available.

el diablo · 30-03-2020 03:51AM

robman60 wrote: »

Just wondering what platforms you all use for crypto trading? Honestly am not a big believer in cryptos but I'm basically willing to take a punt while prices are down a bit.

I've seen coinbase. 1.5% fees don't seem great but might be the best available.

For purchasing or trading? Kraken are decent and their fees are reasonable.

q85dw7osi4lebg · 30-03-2020 02:16PM

Fear & greed index in the floor the past few days. Lot of traders are bearish the last 3/4 days also. For that reason I think the bottom is in or thereabouts.

Dohnjoe · 30-03-2020 05:50PM

Another 5% to 15% drop across the board within the next 2/3 days

I dont like making predictions but ****it

Lex Luthor · 30-03-2020 06:00PM

looks like its hinging at the moment on that $5800 support for BTC
Its fairly strong and that was a good bounce we got off it
Probably rock sideways above it for a few days

On the platform side, I use Kraken for the majority of trading, but have an account with Binance that I've used for getting $NEO

Is anyone else starting to become a bit excited?

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