Cryptocurrency mega-thread

[Asapartyhat]

Baby shark doop doop de doop de de
+ 400% overnight lel.Go the Eagles
Call me you majesty now losers

 

[cotter101]

Probably lucky enough to have used the profits from my shitcoins prior to the big dip and put them into ETH and some other projects that I plan to hodl for 3+ years.

How many different coins does everyone have?

 

[Bostonian]

With all the FUD around the real news often gets overlooked.

'Damn Huge': Germany Opens Up to Institutional Crypto Funds - Decrypt

So come July 1, €350 billion could potentially start making it's way into the market.

 

[BACCS]

Probably lucky enough to have used the profits from my shitcoins prior to the big dip and put them into ETH and some other projects that I plan to hodl for 3+ years.

How many different coins does everyone have?

60% ETH, 30% ADA and DOT, 7% BTC and the rest in Vechain and BNB.

 

[juss]

Probably lucky enough to have used the profits from my shitcoins prior to the big dip and put them into ETH and some other projects that I plan to hodl for 3+ years.

How many different coins does everyone have?

ATM 4,

Cardano, Stellar, Vechain and Ripple.

At the next crash I'll be looking to add Eth and Binance.

 

[William Wonka]

PA looks ugly here, but we're chopping in a range for now.

The most bullish case is we chop around 38k for awhile. Otherwise you're going to get rekt. If you're holding shitcoins, double rekt. Ada = shitcoin. Doge = shitcoin. Etc, etc.

I hate to be the bearer of bad news, but the market cycle chart for shitcoins looks like this:
View attachment 1133872

I posted the other day that this dump felt like 6k in early 2018. For reference:

They are all shit coins friend.

 

[thedreadpirateroberts]

Probably lucky enough to have used the profits from my shitcoins prior to the big dip and put them into ETH and some other projects that I plan to hodl for 3+ years.

How many different coins does everyone have?

ETH/MATIC/DOT/SOL

have recently bought on the bottom FTM/UTK/LUNA

 

[Bostonian]

'Mass adoption'? Lol. That isn't happening.

Eventually there will be some form of electronic-only financial system, sure, but 'cryptocurrencies' as we know them won't be part of that.

Maybe central banks will release their own e-tokens, maybe it will be something else, but it won't be bitcoin or any contemporary 'alt coins'.

If people want to gamble on these coins, then go for it, there is money to be made (and lost).

But let's drop the r/bitcoin tier lunacy and buzzwords and fantasies about 'adoption' and so forth, it is unbecoming.

As for me, I like litecoin, can see it going well past $1,000 USD in the next bull run (whenever that is).

Only 80-odd million total circulation, which I see as its strong point.

Most of us will never get to own a whole bitcoin (we missed our chance) but even today, any of us can own a litecoin or ten

So when WPT partnered with THETA they weren't adopting that platform?

If BTC gets down to 28k US that's within the reach of people owning a whole one. Cheaper than a lot of the cars they buy.

 

[Bostonian]

I can't believe I managed to buy more LUNA in the $6 range

Are you planning to stake it?

 

[maryjames]

Gotta say tomorrow could be huge damage.

I mean huuuugee.


Or we get lucky...

But I predict ..... PAIN.

Lol

 

[HirdyLannister]

Looks like crypto as a whole is still in freefall

Sent from my CPH1607 using Tapatalk

 

[BACCS]

Looks like crypto as a whole is still in freefall

Sent from my CPH1607 using Tapatalk

Not really in free fall, it’s hovered between the same range for the last 4 days since the crash.

 

[BACCS]

Gotta say tomorrow could be huge damage.

I mean huuuugee.


Or we get lucky...

But I predict ..... PAIN.

Lol

Are you sensing a bit more of a fall?

 

[maryjames]

Are you sensing a bit more of a fall?

Yep. Looks bad.

Be very lucky to pull upwards tomorrow.

 

[BACCS]

Yep. Looks bad.

Be very lucky to pull upwards tomorrow.

Yeah had been steady for a couple of days until the last few hours, could be some absolute bargains tomorrow!

 

[Quixote]

How are those falling knives going.

 

[maryjames]

When can I start?

 

[Bostonian]

How are those falling knives going.

%'s still higher than St Kilda's winning %'s.

Fair bit to go before we get to those abysmal levels.

Better chance to bounce back too.

 

[BACCS]

Unless there is a dramatic fall overnight, where we are now appears to be the bottom. It is the 3rd time since the crash we have dropped to this level and then started a gradual climb back up again.

 

[BACCS]

 

[Evolved1]

 

[BACCS]

View attachment 1135552

Full time crypto trader on the back burner for a while?

 

[Evolved1]

I'm not convinced that was the bottom, but we'll see.

- Bullish structure forms if we hit 32k and reverse up.
- Potential stop loss hunt below 30k, then reversal.
- If we consolidate below 30k, we're ****ed.

 

[BACCS]

I'm not convinced that was the bottom, but we'll see.

- Bullish structure forms if we hit 32k and reverse up.
- Potential stop loss hunt below 30k, then reversal.
- If we consolidate below 30k, we're f’ed.

What makes you think it wasn’t the bottom? There has been 3 times since the crash of hitting this bottom and then rebounding, it appears to have some resistance. I do think the bull cycle resuming is still at least a couple of months away, but I don’t think we are going much lower, if at all.

 

[Evolved1]

What makes you think it wasn’t the bottom? There has been 3 times since the crash of hitting this bottom and then rebounding, it appears to have some resistance. I do think the bull cycle resuming is still at least a couple of months away, but I don’t think we are going much lower, if at all.

We could potentially have the lowest 4hr close in months, which is very bearish. I'm wary of calling bottoms with this PA.

There's lots of corrective structure followed by dumps there.