Crypto has literally been Nasdaq squared for the last two months. Once tech stocks start to recover, crypto will recover in my opinion. When that will be is the question...
I swapped all my BTC out to USDC, I need the cash to pay for a 2 week trip for 5 to Orlando that's booked since Nov but not paid for, In Nov I was expecting it'd rise but now looking like a bear is inevitable. I was foolish to use earn to pay for the flights which had some BTC locked up but I've settled and cashed in all and am left with USDC. I bought in the most of mine at $17K so i'm still doing all right
Polkadot at €17. Unreal entry point imo.
I have seen posts going back to maybe August that predicted it would all come to a halt in January, and drop back down to €15-$20 ish.
But I also saw $100k Christmas.
$100k didn't happen, but starting to think the other is very possible.
We all were told it was happening, I planned to take out at €50k and if not €45k..... 😄 Kept telling myself there's one more spike there.
Ah well. Wait and add.
Anyone swapping it out now to a stablecoin to possibly improve base when it gets to bottom?
Just watched Ben Cowen’s latest video on Bitcoin prediction for the short to medium term (which is the main one I pay attention to, as almost all other cryptos are tied to its performance to a large extent), and his expectation is it’s going to keep falling for Q1, and probably into Q2 also, UNLESS there’s a massive liquidation event that drops it to something like 25k (USD), and things will begin to recover from there.
I think we’d all rather the short sharp shock and a recovery, than watch the market bleed for another few months, but who knows how it’ll go 🤔
We're just in a bull market, so expect massive drops across the board. Just don't look at it for a month or two.
What's caused this dip? Threat of Putin invading the Ukraine?
Jesus it just keeps dropping, 50%retrace back to 30k do you think? 2k ETH?
What’s this gibberish?? Time to get real
Phew, things are looking a bit more sensible now that the US market has opened. But will it hold for the day is the question.
Edit: And 30 mins in, the sense has gone out the window...
This is horrible, my shares getting hammered aswell apart from one or two. The whales arent actually going to push a 90% retrace here are they? Id say we'll see a 10-20% pullback in the DOW and NASDAQ then normal service will resume. Could be a horrible few weeks or Q1 ahead though.
Strategic mainly. Having more than half the miners within their borders means they could effectively control the network if they wanted.
What's the advantage in having miners in your country though?
Any link to this? I was arguing exactly this a few days ago to a friend. I wish to gloat about it 😁
Doubt the US bans POW. China dropped the ball last year kicking out all the bitcoin miners when they had 60+% of them. I don't see the states making the same mistake.
For once, I actually have cash waiting for a dip. Might start picking up some more today, Eth at 2.8k looks good. Not throwing the kitchen sink at it yet though, I'm still expecting more volatility over the next while.
We are three months into a steady decline. We are well past the timeline for the previous ATH (12 and 17 months past the halving).
I always felt about $70k in Nov would be it, but didn't listen to myself.
I took a small bit out last week to cover what was put in. So happy to let the rest ride until 2024.
I read Russia proposes to ban Crypto including exchanges might be another reason for a price drop.
https://www.reuters.com/business/finance/russian-cbank-proposes-banning-cryptocurrencies-crypto-mining-2022-01-20/
Wait till you see tomorrow's bargain 😜
ETH and DOT most likely. I might stash it and hold off for a bit also, see how the market looks.
Buying more magic beans?
Sure is. Payday tomorrow
One reason it’s dumping is yesterday’s US government hearing into crypto and its energy use, specifically POW, a few experts gave testimony that POW is inefficient and it was lapped up by members of the committee, they for years have been anti BTC and now have a reason to ban it.
Short term pain, as no one knows if they will ban POW in USA, but long term gains to be made as POS was put forward by these experts as a solution, way more energy efficient, so look into POS crypto, if/when POW banned money will exit BTC and look for a safe haven.
Just happens that one of the experts giving advice which was eagerly received was Ari Juels. 🤔🤔🤔
Better bargain today
Another spectacularly shite week. I don't even look at my portfolio anymore. Just depressing seeing it constantly fall.
Ah well, its Friday.
Here comes 39k 38k 37k 36k
I give up - the sky is falling
If Russia invades there will be some real bargains to be had
Someone got spanked hard - Liquidated long on XBTUSD: Sell 9,896,000 @ 38812.5
Biden should just shut up - not like anything he says makes sense most of the time
Fecking bloodbath, kicking myself here. Seems to be market wide is the only consolation and cash is not the place to be now so hopefully it flows back in soon, this is starting to feel horribly familiar though.
Here comes 39k 38k
Save us Kiith
Russia/Ukraine news perhaps? Tech stocks have dumped too despite them starting off well.
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