Cryptocurrency mega-thread

[Evolved1]

Bitcoin down 32% from its ATH on April 14th.
ETH down 19.5% from its ATH on 4th May.
Total crypto market cap is down from $2.52t ATH on May 5th to $2.06t currently, a decline of 19.3%.
In market terms a correction is a decline of more than 10%, and a bear market is a decline of more than 20%.
At this point Bitcoin is in a bear market, ETH is on the cusp of a bear market and the market as a whole is only a whisker off it as well.
Tread carefully.

There's a lot of stupidity in that post. 20% swings in crypto aren't indicative of a bear market ffs.

 

[Evolved1]

ETH has a market cap of 380B and people want to act like it's undervalued?!

Good on anyone making money but good lord

To summarise this thread. Everyone is a genius because the market went up... if Ash is right, some very harsh lessons are about to be learned...

Mate, the bears and trolls always show up when prices tank. Take a look at some of the bullshit posted in March 2020.

While they were trolling and shitposting, I was buying cheap btc.

 

[bzparkes]

Coz i’m Hugely invested, lol

Naah it’s got it’s cape on and about to go.. no other reason, lol 1500 target coming up. Let’s see.

Also ripple is ripe just did my analyse...

View attachment 1131113

Love it when people have clean, uncomplicated charts.

 

[Evolved1]

If you're not following this man on twatter, do so now. I woke up, saw his tweet, and bought some lube.

 

[The Dice Man]

If you're not following this man on twatter, do so now. I woke up, saw his tweet, and bought some lube.

So a good time to buy in is coming.

 

[Evolved1]

So a good time to buy in is coming.

I personally think now is a good time to buy and hold for awhile even if prices go lower.

One of the better traders I know is looking at 32k USD as support, so maybe just go in slowly and dollar cost average. He bought some today.

 

[Shupe]

Another day, another meme coin. I just wish I had the balls to put in more than $100.

I think we've seen the bottom. What happens next is going to be the interesting part.

a) Alts go bonkers crazy with 30-50% gains on the daily. This likely signifies the end has come, we'll enter the bear shortly after.

or

b) Bitcoin bounces back, eventually breaking through the ~$59500 barrier. If this is the case, the bull is extended even longer.

 

[Ghost Patrol]

Anyone got any BSC low caps that are worth looking at? Ones that haven't popped a 10x yet?

 

[Bostonian]

They keep making me buy more LINK with these dips.

I might actually make some decent coin if LINK ever pulls its finger out.

 

[Angus Young]

This is getting interesting....

 

[bzparkes]

Anyone got any BSC low caps that are worth looking at? Ones that haven't popped a 10x yet?

Try Pixl.one. Fair bit of FUD in the Telegram but team is doxxed, weekly AMA's, contract rescinded, you know the drill.

Have a playable arcade game out, looking tobe the umber 1 advertising platform on the blockchain and about to release updated and revamped white paper. Devs are active in the chat and they are real LinkedIn profiles.

Worth checking out but you'd need to be patient as they're not out there shilling or doing a big marketing push until next quarter, to the absolute disdain of all the pump and dumpers in the group chat lol.

 

[Ghost Patrol]

Try Pixl.one. Fair bit of FUD in the Telegram but team is doxxed, weekly AMA's, contract rescinded, you know the drill.

Have a playable arcade game out, looking tobe the umber 1 advertising platform on the blockchain and about to release updated and revamped white paper. Devs are active in the chat and they are real LinkedIn profiles.

Worth checking out but you'd need to be patient as they're not out there shilling or doing a big marketing push until next quarter, to the absolute disdain of all the pump and dumpers in the group chat lol.

Will have a look. Yeah I'm grabbing stuff on there to hold, not throwing much money at them. Expecting some rug pulls.

I grabbed some SRSB (Sirius Bond) today. Only a few days old, 145k market cap, low supply (13.8 million total), has auto staking etc.

 

[bzparkes]

Will have a look. Yeah I'm grabbing stuff on there to hold, not throwing much money at them. Expecting some rug pulls.

I grabbed some SRSB (Sirius Bond) today. Only couple days old, 145k market cap, low supply (13.8 million total), has auto staking etc.

Yeah it's funny how the get rich quick people don't like the low supply or low shilling coins. They usually end up being the best because they don't rely on hype as much.

I got a small stack in Boge Coin, only has 2m tokens and is used as a native token for one of their platforms. Probably the only meme coin with an actual use case outside of autostaking (it has that like everything else on the BSC) and the only coin I have outside of Harmony one which has been steady during this dip.

 

[Evolved1]

Stop loss hit at break even. Damn. Guess I'll wait and try to catch knives another day.

 

[BACCS]

These are the videos explaining the theory I posted on the page before.

 

[Toump Ass]

Hi everyone,

A friend of mine buys Bitcoin to buy drugs on the dark net.
Today they was wanting to buy drugs on the dark net and logged into their coin exchange and in the time it's taken for me to type this message the BTC value has dropped by a 10%

When should my friend jump in and spend their life savings on BTC? Is 40,000 the lowest it will go?

Thanks!

 

[Evolved1]

Hi everyone,

A friend of mine buys Bitcoin to buy drugs on the dark net.
Today they was wanting to buy drugs on the dark net and logged into their coin exchange and in the time it's taken for me to type this message the BTC value has dropped by a 10%

When should my friend jump in and spend their life savings on BTC? Is 40,000 the lowest it will go?

Thanks!

Obvious troll. Nobody uses bitcoin to buy drugs. That's what monero is for.

 

[BACCS]

The Whale action is through the roof! That theory really doesn’t seem too far off, this seems far too coordinated across all cryptos for it just be a coincidence.

 

[Drakescoffeecake]

JFC. Down 4k in 10 hours

 

[Evolved1]

The Whale action is through the roof! That theory really doesn’t seem too far off, this seems far too coordinated across all cryptos for it just be a coincidence.

This is a repeat of the last bull run ending. We've had:
1. Lower high on BTC 65k/59k
2. ETH pump after bitcoin dumps
3. Shitcoin pump.
4. Everything nukes, especially shitcoins.

 

[Toump Ass]

Obvious troll. Nobody uses bitcoin to buy drugs. That's what monero is for.

BTC is still accepted by some markets, and Monero is not available on all exchanges.

 

[Evolved1]

BTC is still accepted by some markets, and Monero is not available on all exchanges.

As an Essendon supporter, I only use monero to buy my PEDS.

 

[BACCS]

This is a repeat of the last bull run ending. We've had:
1. Lower high on BTC 65k/59k
2. ETH pump after bitcoin dumps
3. Shitcoin pump.
4. Everything nukes, especially shitcoins.

The difference is this time that the run at the top was far shorter than previous cycles. BTC is nuking just as bad as all coins atm. This obviously isn’t recovering tomorrow, but I also don’t think we will be waiting another 3 years to hit ATHs that were expected this cycle. Even the conservative predictions are a mile off. Heck, BTC to 100k was considered a given almost (I realize nothing is a given, but it didn’t even get close to this).

 

[BACCS]

JFC. Down 4k in 10 hours

About the same here, the last couple of hours especially has gone a very fast rate of knots down

 

[Toump Ass]

I'm not even joking, BTC has dropped so much since last night I can't even afford a quarter of weed right now.

When's a good time to buy up? Will BTC hit a 40,000 low? What's everyone's predictions?
I know nothing about this, I just use BTC for gear.
Help!