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tigertigertiger said:
The fact you’re even asking the question, has made everyone dumber for reading this thread! You are a blight on society!
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Don’t misquote movies and think it makes you correct, my question is valid. Fine something might be worth more in three months, but that doesn’t necessarily make it a buying opportunity right now.
 
Deliverance said:
Unlikely IMO
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There’s A LOT more money involved now. Putting them next to each other on the same scale is going to make the earlier ones appear to be barely a little bump. Need to look at the percentage changes of the price in the context of when it happened.
 
QSP holding up amazingly well, I wish it would dip more.

cryptor said:
There’s A LOT more money involved now. Putting them next to each other on the same scale is going to make the earlier ones appear to be barely a little bump. Need to look at the percentage changes of the price in the context of when it happened.
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Exactly, ETH lost over 60% in July, as did heaps of others. A lot of alts are getting near that down percentage wise, so hopefully we're pretty close to the bottom. Will prob go a bit further down still though.
 
Duritz said:
Don’t misquote movies and think it makes you correct, my question is valid. Fine something might be worth more in three months, but that doesn’t necessarily make it a buying opportunity right now.
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Didn’t want to directly quote the movie and it was adjusted accordingly

You need to do a Billy Madison asap
 
Buying low now and selling high in three months doesn’t make it a buying opportunity?

Just keeps getting dumber please stop talking
 
tigertigertiger said:
Buying low now and selling high in three months doesn’t make it a buying opportunity?

Just keeps getting dumber please stop talking
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If something is worth $1 now and you buy, and in two days it’s worth 50c, it was not a good buying opportunity at $1, regardless of if it ends up at $1.50 three months later.

It was a good sell opportunity at $1 and a good buy opportunity at 50c.
 

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The funny thing is in a month this will be all forgotten
More buying. Lolol

The last hour all green by average of 10 percent.. let’s go Asia
 
Duritz said:
If something is worth $1 now and you buy, and in two days it’s worth 50c, it was not a good buying opportunity at $1, regardless of if it ends up at $1.50 three months later.

It was a good sell opportunity at $1 and a good buy opportunity at 50c.
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The idea is that quality projects get dragged down with the shit & become cheaper than they should. But since it's still all so speculative you could be right, maybe this is the end & we won't recover this time. Maybe everyone that enters now is throwing their money away as we trend towards 0. But anyone that's been around the space for more than a few weeks has seen this happen over and over again. And every time it's happened so far, it's proven to have been a money making opportunity a few months down the track. We're still only @ 1/10th of the dotcom boom & over 20 years later
 
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Jack Gun Cyril Stun said:
Wtf is behind this? Please set a reminder next year when this thread is at page 1000 and we’re all semi retired.
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I’ve seen some fairly dubious reasoning. Some say it’s due to Wall Street brokers getting their annual bonuses and manipulating the market. Another linking it to Lunar New Year with lots of Asians cashing out to purchase gifts and plane tickets, etc. And there’s also the whole South Korea FUD.

I reckon it could have just been something that happened at one point early on and then the following year lots of people sold to avoid it. That mass selling then caused it to happen again, reinforcing the behaviour for each subsequent year. Essentially a self fulfilling prophecy.
 
WeetBixKid said:
good the more scams that go under without taking the entire market with them the better. I kind of hope that Tether is next but I'm worried about the effect it will have
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Still quite shocking. Was a top 20 crypto and the 1st big name coin I’ve seen bite the dust.

Paccoin is next.
 
It sucks about what happened today and yesterday with prices but good luck to all you guys regardless of how you play this fall.

Just a quick question from a far too risk adverse observer - how much have you made of crypto in actual crystallised gains?

Not "If I sold out now, I'd be $2k ahead". I mean actual "I now have $2k more in Australian dollars in the bank because of this".
 
Jimmy_the_Gent said:
It sucks about what happened today and yesterday with prices but good luck to all you guys regardless of how you play this fall.

Just a quick question from a far too risk adverse observer - how much have you made of crypto in actual crystallised gains?

Not "If I sold out now, I'd be $2k ahead". I mean actual "I now have $2k more in Australian dollars in the bank because of this".
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I only started less than a month ago so I have no crystallised gains!! In fact, I brought this whole crash on.
 

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