Cryptocurrency mega-thread

[cotter101]

Below 40 cents now, why is it plummeting so hard after the Tweet?

Everything is plummeting.

 

[BACCS]

Everything is plummeting.

Yeah I noticed, just one of those days in crypto world I guess?

 

[Nuggetz]

Good time to buy BTC/ETH etc? or do we think prices will fall further? I might get a bit soon and a bit more if it falls further. I also think Elon is just flipping around with us and influencing prices of coins for his own ego. He seems like a weird character...

I've seen a few articles pop up on the environmental impact of BTC. Is this something that will limit the potential of BTC or cause for concern?

I'm curious how these coins handle negative press, considering alot of price fluctuations are influenced by social media/outward appearance.

I'm personally trying to invest into coins that could have real world applications rather than anything for short term/day to day trading. I have a bit of $ into Nixim and Polygon/Matic.

I enjoy reading everyones thoughts and inputs on this thread, keep it up

 

[DT_35]

Hope Elon goes to jail with his mate McAfee. No doubt he’s manipulating the market and buying at a 20-50% discount before tweeting again and pumping it. D**head

 

[Bostonian]

Got into TERRA/LUNA at a nice entry point.

Thanks daily crash.

 

[Ghost Patrol]

Hope Elon goes to jail with his mate McAfee. No doubt he’s manipulating the market and buying at a 20-50% discount before tweeting again and pumping it. D**head

lol in a free market, they can accept whatever they want for payment.

I thought BTC was store of value, as opposed to a currency that people actually use to buy things.

 

[Bostonian]

Hope Elon goes to jail with his mate McAfee. No doubt he’s manipulating the market and buying at a 20-50% discount before tweeting again and pumping it. D**head

Who listens to Musk though?

Seems it's the meme coin idolisers who hang on his every word, is anyone else?

 

[BACCS]

Are daily crashes like this common?

 

[Ghost Patrol]

Are daily crashes like this common?

Zoom out on the BTC chart. It has dipped similar amount to Feb 22, then three weeks later it hit a new ATH

 

[burge13]

Hope Elon goes to jail with his mate McAfee. No doubt he’s manipulating the market and buying at a 20-50% discount before tweeting again and pumping it. D**head

Says more about the quality of the buyers/market than it does Elon...

Everyone buys hoping he says something good to pump it, yeah that's good fundamentals.

 

[BACCS]

I tried to be too clever this morning with Nano and buy on the dip and sell on the peak, ****ed it up completely haha, lesson learnt

 

[Evolved1]

Are daily crashes like this common?

We had a 50% drop in one day last year.

 

[Evolved1]

 

[BACCS]

We had a 50% drop in one day last year.

I had friends mention to me (the ones that became full time traders) that they had lost a shit tonne in one day last year, I’m guessing this is what you’re referring to

 

[Ghost Patrol]

Had my eye on POWR for a while, it was going vertical when rug was pulled today

Bought the dip

 

[juss]

Further drop or buy now?

I guess if anyone knew for sure they'd be a millionaire in a few weeks...

 

[maryjames]

Sold all my Tesla shares.

#telsatozero


This can work both ways Elon.

 

[maryjames]

Hope Elon goes to jail with his mate McAfee. No doubt he’s manipulating the market and buying at a 20-50% discount before tweeting again and pumping it. D**head

I actually like McAfee.. Elon is way more untrustworthy then him.

 

[BACCS]

Further drop or buy now?

I guess if anyone knew for sure they'd be a millionaire in a few weeks...

I would still wait a few more hours to see if it settles, I tried making a quick buck morning by chasing a peak, but it backfired. Ethereum looks like it may dip below 5k again for the 2nd time today.

 

[maryjames]

I would still wait a few more hours to see if it settles, I tried making a quick buck morning by chasing a peak, but it backfired. Ethereum looks like it may dip below 5k again for the 2nd time today.

I’d wait a day or two.

 

[BACCS]

I’d wait a day or two.

Fair call. I’m staying idle now after my poor attempt at trying to chase a rise this morning.

 

[Orange Agent]

Hope Elon goes to jail with his mate McAfee. No doubt he’s manipulating the market and buying at a 20-50% discount before tweeting again and pumping it. D**head

His rational is laughable. Surely SEC step in now, they've locked up people for less.

 

[maryjames]

2016 bitcoin was used by criminals

2021 bitcoin is bad for the environment

 

[Bostonian]

I'm only down 3% today, normal day

 

[maryjames]

yes, buy bitcoin now for 8k+ it will be worth 40k soon within 24months, McAfee said so and he is of sound mind now better than ever before! All hail McAfee

Holy shit he was right.