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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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Unearthly

Square just did their Q4 earnings report and announced another 170 million investment into bitcoin

https://www.businesswire.com/news/home/20210223006057/en/Square-Inc.-Announces-Fourth-Quarter-and-Full-Year-2020-Results

Mucashinto

EDIT: Seriously though, is this pullback really a bad thing? Is there a coin you've bought where you felt genuinely good about the price that is down atm? I exclude BTC from this because that seems to be genuinely different with hardcore believers who will DCA into it regardless and long-term they've been right so far.

I mean Chainlink at €20 - what's the problem? I saw Lex pushing that at $6 here and I've only been checking this since May. For myself at least I was watching coins from the side I happily accepted I had no business getting involved in...until I did, and so bought at the (a?) top. That'll teach me

But there's definitely (and understandably) been a lot of speculative money messing with the prices. Still seems to be a space invested in when money is plentiful - both through pessimism and exuberance lol - but that can change surely. Looking at Solana, if/when bitcoin ever does that - stays green while the rest (& the stock market) drops, that's the turning point for btc isn't it?

Irish_rat

I laugh when people call this a bargain.

OEP

Personally, I wouldn't buy alts in this. This could easily keep going down for a while, and alts will drop the most. At least with BTC you've a high chance of it returning at some point in the future, that's not such a guarantee with alts.

[Deleted User]

It's like the January sales out there. So many bargains to be had lol.

Str8outtaWuhan

My first experience of a proper dip, red everywhere but Im HODL and bought some BTC today. If it continues tm ill but some ALTS that might be worth a flip. other wise not too worried. its a marathon not a sprint

bfa1509

BrandonBay86 wrote: »

Tell me you have at least bought this dip?

I panic sold a fifth of my ethereum like a dope this morning. I have such a low bep (thanks grindle) that I had been meaning to take some profit at the ATH last week but missed it.

It's amazing how one hour you panic that its dropping the next hour you are praying for it to drop more...

BrandonBay86

grindle wrote: »

This is the way

Few

grindle

BrandonBay86 wrote: »

Couple grand dropped into BTC over 24 hours. Near on 30% gain once we get back to 58k area. Easier & more reliable than the stock market for me.

This is the way

Dentdisaster

seannash wrote: »

I do, its hit or miss if it works to be honest. I dont go fully in with that strategy so if it goes up I have a portion I've gotten cheap but if it goes lower I'm not hurting too bad and can buy back in after on at a lower price.

Yeah that's what I'm thinking. Assuming the price falls off further from the point I sell out then I've got cash to spend below the sell-out price when I think the coin is cheaper and then can get more profit on the way back up. If the price doesn't drop substantially at all before rising again then the buy-limit ensure I don't miss out.

There must be something I'm not thinking of here is there? Why wouldn't everyone do this?

BrandonBay86

Couple grand dropped into BTC over 24 hours. Near on 30% gain once we get back to 58k area. Easier & more reliable than the stock market for me.

Dohnjoe

This time yesterday (just passed) there was a big drop in the market, and today as we hit 24 hours past that point those 24 hour figures temporarily looked "okay", however since the rebound was fast, the figures just a few minutes later now "look" terrible, which is triggering the market to drop further. If we can make it a few 24 hour cycles until **** looks "green" again, then maybe the panic sells might not turn into a repeating trend.

BrandonBay86

bfa1509 wrote: »

Are we seeing a bull trap? I can't help but feel there's more falling to be done today... (maybe wishful thinking as I feel I've missed the boat!)

Tell me you have at least bought this dip?

pioneerpro

bfa1509 wrote: »

Are we seeing a bull trap? I can't help but feel there's more falling to be done today... (maybe wishful thinking as I feel I've missed the boat!)

I think its going to be a choppy week in the red myself, bit of bouncing off support lines and big positions waiting to pounce. Watch RIOT and MARA stocks in particular in relation to bitcoin mining and sentiment. The minute stimulus cheques hit the US again it's going to be a lot of silly money entering from the sidelines once again, and anyone burnt on altcoins will again pile into the top 5-10 marketcap on the big exchanges.

bfa1509

Are we seeing a bull trap? I can't help but feel there's more falling to be done today... (maybe wishful thinking as I feel I've missed the boat!)

pioneerpro

seannash wrote: »

Any other day that news would send it skyrocketing. Not sure what will happen today

CCIV stock has sent people running for the hills generally as it announced late and destroyed after hours trading. 2.30pm is the NASDAQ bell our time, so we'll have to see what the market sentiment is. Bitcoin and all the rest could have a (temporary) rough week - BTFD and all that lol

In context, 58k to 48k doesn't even represent a 14 day low for BTC
https://uk.finance.yahoo.com/news/fed-powell-offers-bitcoin-bulls-102113778.html

There will be a correction, of that you can be sure, but there's been some strange activity by mining pools and others so there's a bit of a price war going on. If ETH gas wasn't so bloody high it'd be taking advantage more imo.

seannash

correct horse battery staple wrote: »

https://tether.to/tether-and-bitfinex-reach-settlement-with-new-york-attorney-generals-office/

Tether reached a settlemetn with NY AG

that puts that to the rest, back to the moon we go?

I dont think that was affecting crypto overall, probably just XRP.
But thats just my opinion. I have a feeling we haven't bottomed out yet but who the hell knows

BrandonBay86

Dentdisaster wrote: »

Question - do you guys sell the dip and then enter and then enter a buy-limit for the price you sold out at so that you don't drop all the way to oblivion if the market goes that way and if a recovery happens you don't miss out?

Hodl, btfd

banie01

Moved my cash pile back into primarily BTC, ETH, BNB and LTC on that dip.

Also fired a blunderbuss at a range of ALTs just for shíts and giggles.
Audio, LRC, link, xlm, doge, raven, tezos and TFuel.
Did nicely out of the CRO pump too as it coincided with me dropping my exchange stake.

BizWiz66

I feel like turning part of BTCs (my largest position as the moment) into a bunch of random Altcoins that dropped hugely since yesterday

mdmix

BrandonBay86 wrote: »

Down 13% since midnight.

Hoskinson creeps me out, wouldn’t let him mind the family pets

up agains btc and eth

seannash

makeorbrake wrote: »

Breaking....tether reaches settlement with NYAG...pays around 18 million but admits no wrongdoing.

Any other day that news would send it skyrocketing. Not sure what will happen today

makeorbrake

Breaking....tether reaches settlement with NYAG...pays around 18 million but admits no wrongdoing.

seannash

Dentdisaster wrote: »

Question - do you guys sell the dip and then enter and then enter a buy-limit for the price you sold out at so that you don't drop all the way to oblivion if the market goes that way and if a recovery happens you don't miss out?

I do, its hit or miss if it works to be honest. I dont go fully in with that strategy so if it goes up I have a portion I've gotten cheap but if it goes lower I'm not hurting too bad and can buy back in after on at a lower price.

cnocbui

Sell? Sorry, I'm unfamiliar with this strange word. What does it mean?

Dentdisaster

Question - do you guys sell the dip and then enter and then enter a buy-limit for the price you sold out at so that you don't drop all the way to oblivion if the market goes that way and if a recovery happens you don't miss out?

crushproof

Honestly I feel like a trigger a mass buy in every time I cash out some profit. Cashed out some profit at $45.5k just before midday and of course it's risen since by almost 2k since

Carbon125

startrek56 wrote: »

cheers will have a look, i have both coinbase and Kraken and someone earlier said stick with Kraken and the fees on coinbase looked high so thats why i was trying to go ahead with kraken

On crypto.com you can buy with a credit card but without credit card fees (for the first 30 days).

CantThinkOfANam

startrek56 wrote: »

yea ive done everything as well, downloaded the app etc cant see anything... can you not just deposit by putting in your 16 digit pin on your visa debit card??!

Nope, I don’t see any option to use my CC to directly buy bitcoin. I might give Frick a go and see what happens.

startrek56

Jafin wrote: »

I haven't used Kraken, so I don't know if it's the same or not, but on Coinbase you can't deposit money with a debit card, you only have the option to outright buy Crypto on the spot. So for example if I wanted to buy €100 worth of BTC I have to actually buy it then and there with the card, I can't just deposit the money into my account. Look around and see if there is an instant buy option or something? Tap on an actual coin and see if there are buy/exchange options.

cheers will have a look, i have both coinbase and Kraken and someone earlier said stick with Kraken and the fees on coinbase looked high so thats why i was trying to go ahead with kraken