Cryptocurrency mega-thread

[BACCS]

Justin Sun is one name people think the 4chan chat was referring to about trying to liquidate and bankrupt

 

[BACCS]

Yep pretty much, I probably didn't get it absolute rock bottom, but I bought in red right near the low and a few hours later already green.

Could have got ETH about 1k lower than it is now, nice!

 

[maryjames]

Closed above 200 day MA

 

[BACCS]

Closed above 200 day MA

View attachment 1133089

Definitely some good early signs of recovery, but I don’t see this being a quick rebound to ATHs either. I personally don’t see us getting there until 2022.

 

[Ghost Patrol]

VTHO looking good, VET's little brother.

Done good, now hopefully it follows ONG

 

[maryjames]

I feel like I’ve gone through my first crypto initiation and passed haha, hodling during the madness and then buying in the dip

Yeah I remember my first crash and I panic sold. Lol

Yep that’s huge play in this game.. I bought wicks the whole bullrun. As said in this thread when I have over this bull run.

 

[BACCS]

 

[Ghost Patrol]

lol ABC News24 just interviewed a guy in Brisbane who bought doge 7 years ago

 

[BEaston]

CoinSpot just announced as the Bulldogs jumper sponsor for this year haha

 

[BACCS]

Another attack incoming, looks like they failed to liquidate the bloke in the previous two attempts.

This from yesterday morning when we saw a drop after an initial resurgence from the night before:

 

[BACCS]

They are aiming to short BTC to 25k. Take it with a grain of salt though, very likely a copy cat. Just wanted to share the info in case it proves to be correct.

 

[HirdyLannister]

I hope not, I just jumped back into the pool today and picked up coins cheaper than previous had.

Sent from my CPH1607 using Tapatalk

 

[BACCS]

I hope not, I just jumped back into the pool today and picked up coins cheaper than previous had.

Sent from my CPH1607 using Tapatalk

Definitely take the above with a huge grain of salt, but even if the above is false, it will be a slow couple of months before we see any major gains. Even the most bullish predictions from a few of the crypto influencers are going with that.

 

[thedreadpirateroberts]

gonna put some buy/sell orders in and just enjoy the weekend. its been a longggg week

 

[HirdyLannister]

I expect a slow months/year. Long game now

Sent from my CPH1607 using Tapatalk

 

[BACCS]

I expect a slow months/year. Long game now

Sent from my CPH1607 using Tapatalk

Even previous cycles have shown that after major corrections like this that it at least take a couple of months of consolidation before we can even think of trending upwards in a significant way again.

 

[Ron]

Could be another tough night by all the chatter going around.
Looks like the start of another dump, hopefully not as brutal as Wednesday night.

 

[HirdyLannister]

Stop sells and buys in place.

Selling at 10% drop and buying between 25-50% drops.

 

[BACCS]

Could be another tough night by all the chatter going around.
Looks like the start of another dump, hopefully not as brutal as Wednesday night.

Well it didn’t happen at the time mentioned above in the latest 4chan thread, are you seeing other chatter?

 

[BACCS]

Could be some seriously cheap crypto though if the chatter is true! For anyone that is long term hodling, we will look back at this period in 2-3 years time as one of the biggest opportunities ever presented to us financially.

 

[Bostonian]

Could be some seriously cheap crypto though if the chatter is true! For anyone that is long term hodling, we will look back at this period in 2-3 years time as one of the biggest opportunities ever presented to us financially.

It's bigger than that. You'll look back in 5+ years and realise you were there when some of the biggest projects in crypto were still in their infancy.

The likes of ADA, DOT, SOL, AVAX, MATIC, COSMOS (among a stack of others and some yet to be released) are only just getting going.

 

[BACCS]

Crypto even getting positive news stories on major news networks after the crash. It’s definitely more mainstream that it ever has been, that’s why I can’t see this being a prolonged bear market. I even saw something about Wells Fargo, a major US investment firm, recommending crypto to their clients as a form of investment.

 

[BACCS]

It's bigger than that. You'll look back in 5+ years and realise you were there when some of the biggest projects in crypto were still in their infancy.

The likes of ADA, DOT, SOL, AVAX, MATIC, COSMOS (among a stack of others and some yet to be released) are only just getting going.

Oh I agree, as it gets more and more attention from mainstream media, no longer will anyone be considered early in this space in 5-10 years time.

 

[burge13]

Crypto even getting positive news stories on major news networks after the crash. It’s definitely more mainstream that it ever has been, that’s why I can’t see this being a prolonged bear market. I even saw something about Wells Fargo, a major US investment firm, recommending crypto to their clients as a form of investment.

It has to provide revenue at some point. Projects worth hundreds of billions based on nothing other than speculation and fomo is a bubble.

So beyond use case which most dont have, none actually create value or earn anything. Speculative investors can make alot of money but you guys arent in at the ground floor here. Market caps do matter a bit...

Find some sub 20m MC tokens. Claiming these ridiculously expensive (in market cap terms) are "cheap" is just flat out wrong and proves how little people understand regarding investment

 

[BACCS]