Cryptocurrency mega-thread

[Bostonian]

Memorial Day long weekend holiday in US as well.

 

[BACCS]

Memorial Day long weekend holiday in US as well.

Yep, just a small blip and more opportunity to buy at a discount.

 

[BigBirdz]

Anyone know if these whales are really billionaires or like a hedge fund or index fund? It seems crazy someone would put up that much of there own money in such a volatile market...

 

[Ghost Patrol]

Anyone know if these whales are really billionaires or like a hedge fund or index fund? It seems crazy someone would put up that much of there own money in such a volatile market...

Probably the guys that started bitcoin mining 10+ years ago, or just bought in early.

So that money was made from crypto.

 

[BACCS]

Anyone know if these whales are really billionaires or like a hedge fund or index fund? It seems crazy someone would put up that much of there own money in such a volatile market...

Combination of individual billionaires (potentially early adopters of crypto) and large investment institutions

 

[maryjames]

Within the next 1-2 years

Hope so. Lol

 

[maryjames]

Bitcoin the last 4 months pissweak.

Only 3x it’s all time high at top. Last bull run was 19x.

What I’m hoping for in the short term.

 

[BACCS]

 

[BACCS]

Bitcoin the last 4 months pissweak.

Only 3x it’s all time high at top. Last bull run was 19x.

What I’m hoping for in the short term.

View attachment 1139621

This bull run isn’t over mate. This recent crash is textbook market manipulation (and the data backs it up) to allow more Whales to buy in at discount prices. The only people benefitting from anyone panic selling over the last week are the Whales. There is still another couple of weeks of this and we can be on track for ATHs by the predicted September/October.

 

[The Dice Man]

When will the low be.. Sunday?

 

[William Wonka]

You've got $1000 to spend with the view to hold, what do you buy?

Nothing better to hold than $ASS friend

Australian Safe Shepherd - Ass Coin

Australian Safe Shepherd ($ASS Coin) is a community driven, fair launched DeFi crypto token.

assfinance.com

 

[maryjames]

This bull run isn’t over mate. This recent crash is textbook market manipulation (and the data backs it up) to allow more Whales to buy in at discount prices. The only people benefitting from anyone panic selling over the last week are the Whales. There is still another couple of weeks of this and we can be on track for ATHs by the predicted September/October.

Better not be..

I found this in the charts ... the floppy penis needs to stiffen up.

 

[BACCS]

When will the low be.. Sunday?

Long weekend in the US, so probably Monday

 

[maryjames]

Let’s do it. Come Ethereum not finished with ya yet. Lol

 

[Evolved1]

Accumulation does take time though. All news coming out about crypto since the crash has been very positive, building the hype train to the moon. Glassnode is showing some very good bullish trends, such as the increase in outflow off exchanges over the last few days and also increase in number of hodling accounts. I only see up from here, if we were going to hit below 30k it would have happened already when all the whales were moving onto exchanges. However, to validate all the above we do need to break above and hold above the 20 week SMA again.

The psychology of the market has changed from buy the dips to sell the rips. New retail buyers will be hoping to dump their bags just to break even. There's a very real risk that we'll go below 30k, and possibly below 20k. We held 6k BTC for 9 months during the 2018 bear market before capitulation to 3.2k. 30k BTC could prove to be the new 6k.

 

[Ghost Patrol]

Lets go, just dropped 5k on MATIC during the dip.

Wish me luck

 

[Evolved1]

So when does Ethereum flip bitcoin?

Talk of a flippening marked the beginning of the last bear market.

 

[maryjames]

Talk of a flippening marked the beginning of the last bear market.

I’ve been calling it since lol

 

[Evolved1]

Lets go, just dropped 5k on MATIC during the dip.

Wish me luck

Green thus far. Why did you buy, and where's your TP and stop loss levels?

 

[BACCS]

The psychology of the market has changed from buy the dips to sell the rips. New retail buyers will be hoping to dump their bags just to break even. There's a very real risk that we'll go below 30k, and possibly below 20k. We held 6k BTC for 9 months during the 2018 bear market before capitulation to 3.2k. 30k BTC could prove to be the new 6k.

The majority of retail buyers that panic aren’t holding enough to have a huge impact on the market. There are also plenty like me that are hodling, and plenty of new people also entering the market. Trends on Glassnode are very bullish.

 

[Ghost Patrol]

Green thus far. Why did you buy, and where's your TP and stop loss levels?

Aud $2.23, stop loss now at at $2.37 and will keep adjusting it up

It bounces hard.

 

[Evolved1]

Just for fun, I made some quick calculations for bottoms based on price action during the last cycle.

BTC $10,500
ETH $245
ADA $0.04

 

[BACCS]

Just for fun, I made some quick calculations for bottoms based on price action during the last cycle.

BTC $10,500
ETH $245
ADA $0.04

No chance (famous last words I know, but unless the trends on Glassnode are wrong, I don’t see how that scenario ever plays out)

 

[Evolved1]

The majority of retail buyers that panic aren’t holding enough to have a huge impact on the market. There are also plenty like me that are hodling, and plenty of new people also entering the market. Trends on Glassnode are very bullish.

Mate, I heard the term HODL all the way down in 2018. That's why I trade these ponzis rather than HODL.

 

[Evolved1]

No chance (famous last words I know, but unless the trends on Glassnode are wrong, I don’t see how that scenario ever plays out)

It's highly unlikely we reach those levels. It helps to balance your inner bulltard with some beartard.