Is anyone else starting to become a bit excited?

22% down from yesterday’s high one point. Remember the last bull run had multiple 30%+ pull backs.

Need to shake out the weak.

SpacialNeeds wrote: »

Had six grand this time yesterday now I've only five

Do you have a plan?

Dohnjoe wrote: »

"Buy the dip"
"Shake out the weak hands"
"Big sale on"
"You won't get a chance at these prices again"

Have to love bull runs

They’ve been right since 2010 in fairness. The only Bitcoiners in the red here are those that bought in the past 5 days or those that stupidly used leverage and got rekt along the way.

6 wrote: »

Whenever you want. No idea why people ask financial advise, most people are having a punt.

Stick in money that you can afford to lose. Then don't panic if it drops 50%. In 3 years it could be worth 500%. Or 10%.

Remember, money you can afford to lose. The mugs imo stick in money they can't afford to lose and then panic when it drops 30% and sell.

Yeah I understand I was just looking for a few people's opinions.

Green Mile wrote: »

Does anyone know if the MTGox list of creditors are available online to view?

Interested in this as well to see how much I lost

Mucashinto wrote: »

Thinking about it now, crypto seems to be very punitive to administrative mistakes . Bit of a double-edged sword with the no reversals, what happens if there's a typo in the contract :eek:

Look up "flash loan exploit". Depending on what you're doing in defi it can be risky, those exploits took advantage of how those contracts were supposed to operate and the instantly irreversible nature of it all. No bad code or misspellings necessary, just interoperability with no precautions taken between teams. They coded their projects in a bubble and didn't quite get the scope of what could be done if people decided to make a few of these contracts interact instantly.

A tough learning lesson for any of the teams involved and the users who had their money swiped.

https://medium.com/dragonfly-research/flash-loans-why-flash-attacks-will-be-the-new-normal-5144e23ac75a

robman60 wrote: »

Thinking of getting a tiny holding of crypto on a dip. Is coinbase still the best app to use? Does anyone want to pm me a referral for it or another low fee platform?

Thanks.

When is the dip? How do you know this is a dip and not a crash? Welcome to the joys of crypto

A lot of the new entrants (of which there are many) will be terrified of this 15%+ drop. For anyone used to the stock market or pretty much any other market it's mindboggling drop. Of course in crypto, it's just another Monday.

TheMilkyPirate wrote: »

I'm waiting for an opportunity to jump in on BTC not huge amounts at all but just extra cash I have around. Impossible to know but what's the hunch? Should I get in now or do we think we will see 25k?

25k? In my view this is the crash (same as nov/dec 2017 / jan 2018) wait a bit (no pun intended) and you could see 5k!

Morleystreet wrote: »

25k? In my view this is the crash (same as nov/dec 2017 / jan 2018) wait a bit (no pun intended) and you could see 5k!

How come the 4 year cycle has become a 3 year cycle? And why would the funds who were happily purchasing many hundreds of millions worth of BTC when it was $15k to $21k not be buying from $5k-$15k?

I hope you're right though, cheap coins are good for the soul.

seannash wrote: »

Couldn't the 4 year thing just be a coincidence. We are in a somewhat extraordinary period in history with a global pandemic and a lot of unemployment.

Possibly, crypto has so little history and relies so much on herd psychology that it grasps onto anything

Bull 2013, bull 2017, therefore "4 year cycle", which becomes it's own self-fulfilling prophecy