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

Autochange

Bear markets
Fud
Regulation
Wall Street manipulation
The supposed tether ticking time bomb

What are your thoughts? Have you cashed out? Have you been buying the dips?

MOD NOTE:
Its good to see healthy debate and discussion taking place and I am sure every supporter of cryptocurrency and blockchain can agree that the contrarian viewpoint is worthwhile reading, if only to act as an anchor and help prevent investors from getting carried away in an echo chamber of "everything is wonderful, just keep going"

However, there have been a few reported posts recently which I did not action as I wanted to see the thread level out itself rather than start forcing viewpoints and I have been in two minds about that decision.

I'm not going to single any posters out but I'm going to ask that all posters read the forum charter and I want to point out that it was established years ago in the Television forum, that dropping in on a forum to tell the followers of that forums topic (in that case a particular tv show) that it was all crap and only idiots watched it etc etc was the exact definition of being a dick and attempting to troll. I know this because I was the mod of the forum at the time. Now look at the forum charter again.

There is pretty much one rule on this forum : if you cannot discuss in a civil manner, and I mean discuss, not soapbox or attack, then you have absolutely no business posting here and I have no qualms about removing your ability to do so.

This forum is for people that have in interest in cryptocurrencies, blockchain and their application to financial investments. that can be positive or negative but if you really feel the need to start pulling out memes / hiding insults in imaginary hashtags / attacking personalities or just generally being a dick there are other forums you can post in where I will let the local mods determine if it is within the scope of allowable behaviour. Here, it is not.

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Bob24

Larbre34 wrote: »

Get out. This is a 95%+ slow bleed crash. For today anyway. Could be a haemorrhage by the end of the business week. BTC could go to zero.

There could also be an atomic war by the end of the week. But similarly to Bitcoin going to 0, the probability is extremely low.

I have no idea how much further down we have to go (and what bounce me might get) - but honestly we are not going to zero this week.

Rob2D

CorkRed93 wrote: »

this is good for bitcoin!

We knew it was going to happen. I had it pegged for before this. But then I thought we might get altseason out of the way. Sucks that it happened right now for us but what can you do?

Larbre34

bs2014 wrote: »

Guys my average price of BTC is €45k; down now at under €30 (way lower than it was in March when I started dipping in crypto); is it time to jump ship or is this a temporary blip that will rebound.

Get out. This is a 95%+ slow bleed crash. For today anyway. Could be a haemorrhage by the end of the business week. BTC could go to zero.

Larbre34

[Deleted User] wrote: »

You're completely ignoring the applications of crypto. DeFi can exist outside of governments. That is the whole point.

Not when the Govts resource the destruction of the infrastructure of crypto as a currency, and and asset class. What store of value is there when it cannot be liquidated? When it cannot be transacted for any other asset? Its just a data record, no more robust for anything than a child's first MS excel homework.

TheAnalyst_

coolshannagh28 wrote: »

Elon Musk has manipulated this market into a classic pump and dump from the 30 k handle , he will alienate a lot of people who are fans .

Why would a CEO have fans.

**** the whole lot or them. Crytpo mining is using a disgusting amount of energy.

Rob2D

bs2014 wrote: »

Guys my average price of BTC is €45k; down now at under €30 (way lower than it was in March when I started dipping in crypto); is it time to jump ship or is this a temporary blip that will rebound.

Well certainly try not to sell at a loss. If you don't need the money then just wait it out.

bs2014

Guys my average price of BTC is €45k; down now at under €30 (way lower than it was in March when I started dipping in crypto); is it time to jump ship or is this a temporary blip that will rebound.

coolshannagh28

brendanwalsh wrote: »

God have mercy on any of the new investors who bought at 65k. This may be their first butchering. The blood always sting harder when the wound is first opened.

Elon Musk has manipulated this market into a classic pump and dump from the 30 k handle , he will alienate a lot of people who are fans .

brendanwalsh

God have mercy on any of the new investors who bought at 65k. This may be their first butchering. The blood always sting harder when the wound is first opened.

[Deleted User]

Larbre34 wrote: »

The sovereign Governments are going to start closing doors to crypto all over the place. It will soon solely become the vehicle for criminality that its currently developing as and when the music stops, those criminal elements will be left holding valueless, untransactable records.

The rest of this year looks only like more and more erosion of values. Get out, get out now.

You're completely ignoring the applications of crypto. DeFi can exist outside of governments. That is the whole point.

Jackben75

Scuid Mhór wrote: »

I appear to have missed a lot today. The exchanges crashing might actually be a good thing. Less panic selling may allow the prices to stabilise.

they always crash when something like this occurs.

Scuid Mhór

I appear to have missed a lot today. The exchanges crashing might actually be a good thing. Less panic selling may allow the prices to stabilise.

Gone Drinking

www.coinbase.com down :pac:

Gone Drinking

Revolute having login issues the last 40 minutes. I wonder if its related to everyone trying to get in and check/sell up :pac:

Cosmo Kramer

Sweetest Perfection wrote: »

Coinbase is only allowing me to spend a measly $3,000. So where can I buy a one full bitcoin in one transaction?

They're doing you a favour mate.

Bob24

Tether briefly dipped to 90 cents (and still at 97): https://www.coingecko.com/en/coins/tether

Probably just a short term liquidity issue, but it won't help with the panic mood ...

grindle

Larbre34 wrote: »

CNN expecting SEC intervention within 30 days to make a determination on improper, even criminal market manipulation of crypto.

It is being paralleled with junk bonds, a rigged market, a corrupt commodity like ivory or blood diamonds rather than any sort of asset class.

I'm surprised Charlie Lee hasn't been nabbed yet, he's been all-but named by the SEC in relation to manipulating LTC on Coinbase when he worked there.

MrMusician18

Larbre34 wrote: »

The sovereign Governments are going to start closing doors to crypto all over the place. It will soon solely become the vehicle for criminality that its currently developing as and when the music stops, those criminal elements will be left holding valueless, untransactable records.

The rest of this year looks only like more and more erosion of values. Get out, get out now.

This is what i think is happening. The music is stopping and the smarter money is walking.Really once the ****ing with governments started, it was time to get out.

If we start to see fresh coins that haven't been moved for years in quantity back in the market then the game will be up.

Rob2D

Sweetest Perfection wrote: »

Coinbase is only allowing me to spend a measly $3,000. So where can I buy a one full bitcoin in one transaction?

Binance are best IMO.

Gone Drinking

Sweetest Perfection wrote: »

How can I buy 1 Bitcoin, I have the money?

Apply for one here

Larbre34

CNN expecting SEC intervention within 30 days to make a determination on improper, even criminal market manipulation of crypto.

It is being paralleled with junk bonds, a rigged market, a corrupt commodity like ivory or blood diamonds rather than any sort of asset class.

Sweetest Perfection

Sweetest Perfection wrote: »

How can I buy 1 Bitcoin, I have the money?

Coinbase is only allowing me to spend a measly $3,000. So where can I buy a one full bitcoin in one transaction?

Sweetest Perfection

Normal One wrote: »

Lidl, middle aisle next to the snorkel set.

Lidl don't sell Bitcoin dude, they only sell Dogecoin!

Larbre34

The sovereign Governments are going to start closing doors to crypto all over the place. It will soon solely become the vehicle for criminality that its currently developing as and when the music stops, those criminal elements will be left holding valueless, untransactable records.

The rest of this year looks only like more and more erosion of values. Get out, get out now.

Normal One

Sweetest Perfection wrote: »

How can I buy 1 Bitcoin, I have the money?

Lidl, middle aisle next to the snorkel set.

Sweetest Perfection

How can I buy 1 Bitcoin, I have the money?

SortingYouOut

Will be slapping more into BTC once my bank transfer goes through.

Rob2D

This thing is wild.

Looks like I should've stayed Tethered up that time. Was expecting altseason, but got a crash! Are you not entertained?!

It'll be interesting to see what the rest of the year will be like. It's not even summer yet.

Jackben75

pure panic selling now lol. Some golden opportunities could be on the horizon

jester77

Zooms out 6 months, all green, looking good