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maryjames said:
Lol so upset.. I’ve posted over the years on this thread. I’m not going in to my life story.
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You're being a petulant child. Saying the market went down 40%, I refute that with evidence, you refuse to explain your rationale and instead say I'm a loser who has lost money. I offer to verify my gains and you call me upset. Nut up or shut up.
 

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ash_1050 said:
You're being a petulant child. Saying the market went down 40%, I refute that with evidence, you refuse to explain your rationale and instead say I'm a loser who has lost money. I offer to verify my gains and you call me upset. Nut up or shut up.
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What.. you seem really upset. I showed you percentages of dips in 2017 bull run.

That’s was a bull run yeah?

And evidence yeah let’s show the world haha smart.

Also in my dick is bigger then your contest I’ve seen people fudge the numbers on forums.

What I’ve found most are playing under 50k and are generally gambling and not log term holders.
 
maryjames said:
What.. you seem really upset. I showed you percentages of dips in 2017 bull run.

That’s was a bull run yeah?
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You're missing the point, the broader market sell off after the top of the 2017 bull market was an 80% decline. That's the bull run. Little dips on the way up aren't the top of the bull run.

You've claimed to have bought and hold since 2015 but provided no evidence. You've claimed I'm a loser who lost money, and then haven't taken me up on my offer to verify that I've made better money than most. I'm not here to lie, I'm here to advise that, in my opinion, it's a broader market correction at the moment and anyone holding is going to see further declines.
 
ash_1050 said:
You're missing the point, the broader market sell off after the top of the 2017 bull market was an 80% decline. That's the bull run. Little dips on the way up aren't the top of the bull run.

You've claimed to have bought and hold since 2015 but provided no evidence. You've claimed I'm a loser who lost money, and then haven't taken me up on my offer to verify that I've made better money than most. I'm not here to lie, I'm here to advise that, in my opinion, it's a broader market correction at the moment and anyone holding is going to see further declines.
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Refer to last post.
 
Bostonian said:
Well ADA is making a big push into Africa at present for example.

Have a read of that and let me know if you think it has a real world need or value.

Ethiopian government to use Cardano blockchain to benefit 5 million students (cryptoslate.com)
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More use case than I gave credit for sure! Still, nothing there to justify $55B MC. The education sector in Ethiopia we could probably buy out and privatize by pooling our money here. To use the Santos MC comparison again, they had 3.6B revenue last year. Where is ADA going to find that kind of revenue?

This isn't an attack on ADA, I just plucked a random ticker. If I've pulled one of the better ones at the top of hte list, I apologize but my point still stands

I don't think even the most staunch crypto enthusiast could argue the fact the overwhelming majority don't have a real use case...
 
maryjames said:
Lol biden is destroying America.

Trump was easily the best president of our times by far.
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Wow.

Just. Wow.

The guy who literally tried to bring down the democratic process not only wasn't destroying America, but was the 'best president of our times'.

What a take.
 

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HirdyLannister said:
Carnage, pulled all my profit coins and down $300 overall.
Whatever I have in their now is spread among many like $100 pools and they've been slaughtered. HODL for them.

Talk about a learning curve an a half, worst week to dip my toes in and trial haha
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gotta HODL brother and have strength to hold thru these times. fair enough if its money you cant afford to but youve just entered the market. hold long term. its a long term game unless you plan on day/swing trading?
 
thedreadpirateroberts said:
gotta HODL brother and have strength to hold thru these times. fair enough if its money you cant afford to but youve just entered the market. hold long term. its a long term game unless you plan on day/swing trading?
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I'd tell anyone looking to get involved that unless it's money they're happy not to have, don't buy crypto.

I'm comfortable that I can live without whatever I've got in there, and believe in the long-term we'll see ATH prices in the future for BTC & ETH at least. If that's in 3 weeks, 3 months or 3 years, it doesn't matter to me.
 

For anyone that isn’t a market analytics guru, this is a good look at all scenarios from here (best and worst case is covered)
 
owen87 said:
I'd tell anyone looking to get involved that unless it's money they're happy not to have, don't buy crypto.

I'm comfortable that I can live without whatever I've got in there, and believe in the long-term we'll see ATH prices in the future for BTC & ETH at least. If that's in 3 weeks, 3 months or 3 years, it doesn't matter to me.
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Longer term (24+ months) I think we'll see a new ATH again for BTC and ETH. Until then don't expect much, it's one to put in the bottom draw.
 

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ash_1050 said:
Source? I've got it going from a peak of $17,020 on Dec 17 2017 down to a low of $3417 on Feb 6 2019, which is a drop of 80%.



The 2020 flash crash mirrored the wider economic contraction due to covid. Shares, crypto, economies as a whole experienced the same abrupt downturn and then recovered. The current crypto crash is due to an enormous hockey stick growth with no underlying fundamental reason or rationale, and the market is correcting accordingly. It's going to be a rough 12+ months for holders.
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Have you watched Benjamin Cowen’s videos before? It’s the most balanced view I’ve seen so far for both sides of the argument
 
burge13 said:
More use case than I gave credit for sure! Still, nothing there to justify $55B MC. The education sector in Ethiopia we could probably buy out and privatize by pooling our money here. To use the Santos MC comparison again, they had 3.6B revenue last year. Where is ADA going to find that kind of revenue?

This isn't an attack on ADA, I just plucked a random ticker. If I've pulled one of the better ones at the top of hte list, I apologize but my point still stands

I don't think even the most staunch crypto enthusiast could argue the fact the overwhelming majority don't have a real use case...
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People are investing based on potential of not just real world function but also on ideas for the future.

That kind of strategy has already proven it can pay huge dividends if you get in early on the next Apple, Google or Microsoft.

Regular people are sick of the likes of Santos and it's cronies in business and politics.

The working class people of the world are getting behind a decentralised view of the world, they are now part of a movement where they build communities around supporting an idea and benefiting from it financially in doing so.
 
BACCS said:
Have you watched Benjamin Cowen’s videos before? It’s the most balanced view I’ve seen so far for both sides of the argument
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I haven't. Can you provide a link, and your 30 second synopsis for each of the two sides of the argument?
 
ash_1050 said:
I haven't. Can you provide a link, and your 30 second synopsis for each of the two sides of the argument?
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Link is the video above.

Basically, if it is indeed still a 4 year cycle, there will be steady declines until early June to about 32k USD, after which if the trend follows 2017 then we will see ATHs by approx December this year.

If the cycle is now longer term, then yes it is unlikely we will see any bounce back until late next year/2023.

We saw a sharp spike off the 52 week rolling average in 2013, which we will hit at about 38k USD.

He also admitted that there is a chance of a small rally within the next few days, but didn’t seem super confident about this, just stating that it is has happened before.
 
ash_1050 said:
Called it yesterday that crypto was on the cusp of a bear market, and that's been confirmed today.

BTC -31.13% over the last 7 days
ETH -31.17% over the last 7 days

Fair chance we'll see a slight dead cat bounce in the next 24 hours, but the market as a whole is depressed and will be in a long term bear market. Not a good time to be holding unless you've got a 24+ month time horizon, in which case try buy the bottom instead to DCA rather than buying on the way down. Now is nowhere near the bottom, the bottom for BTC will be >US$30k and ETH >US$2200.
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Typical Biden supporter attitude this...
 
BACCS said:

For anyone that isn’t a market analytics guru, this is a good look at all scenarios from here (best and worst case is covered)
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Few weak hands around here. Scared and full fear mode and slight melt downs.

Pretty common in crypto crowd with weak hands.

Baccs all it take is the long term.

Ben Cowen is good. Like his style.
 

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