Cryptocurrency mega-thread

[bzparkes]

Just watched it, very well explained. The more I look into XRP, the more I think it won’t exist in a few years time. Why do Ripple need it? As he said, the token could go to zero and have no impact on Ripple the company. I still think there may be a decent pump if they win the court case, but I certainly wouldn’t be holding long term.

Yep, not something worth investing in long term I think, just too risky. I mean, they say that about most things but it kinda is everything cryptocurrency isn't.

 

[maryjames]

 

[Bostonian]

Also, if you're into XRP:

Never knew what people saw in it. Maybe because all the shilling about if it wins the court case it's going to explode.

 

[bzparkes]

Never knew what people saw in it. Maybe because all the shilling about if it wins the court case it's going to explode.

Yeah, that's why I originally threw money in when I started. Sold it ages ago though and broke even. Steering well clear.

 

[Evolved1]

View attachment 1141001

Bought some mETH this morning to get my fix.

 

[BEaston]

Just watched it, very well explained. The more I look into XRP, the more I think it won’t exist in a few years time. Why do Ripple need it? As he said, the token could go to zero and have no impact on Ripple the company. I still think there may be a decent pump if they win the court case, but I certainly wouldn’t be holding long term.

XRP is more or less the same as most other coins. Hardly any of them will be around in a few years time. Most tokens are useless.
That didn't stop people getting close to 14x in just a few months in 2017. Similar to most shit coins that saw huge gains this year, they will lose their value also.

 

[maryjames]

Bought some mETH this morning to get my fix.

I’m looking at buying more mETH if keeps dropping. Lol

 

[BACCS]

There will be carnage today

 

[Evolved1]

 

[Evolved1]

Looking extremely bullish on the one minute chart here.

 

[Bostonian]

There will be carnage today

Hope so!

Sold a bunch of coins at a good moment to free up some cash for it.

Should bring the DCA down a bit on the holds if it happens.

 

[Evolved1]

I personally think it's likely we'll consolidate in the pennant for awhile longer.

 

[maryjames]

I feel crypto will go up and down.

Expert here.

 

[Evolved1]

I feel crypto will go up and down.

Expert here.

Do the opposite of crypto Twitter. They're bullish at resistance and bearish at support. My trades are up over the past week.

 

[maryjames]

Do the opposite of crypto Twitter. They're bullish at resistance and bearish at support. My trades are up over the past week.

Best time to trade is when it crashes. always bounces..

I’m in patient mode and will pick my spot.. but not for a week or two unless something is to obvious.

 

[BACCS]

Weird day! There was an indicator on market cipher that there was about to be some whale manipulation this morning, it just turns out to be maybe they were coming in to buy the dip?!

 

[Bostonian]

Mid day Sunday Asian buy, late night/early morning US/Europe sell.

 

[BACCS]

Mid day Sunday Asian buy, late night/early morning US/Europe sell.

Is this common?

 

[Bostonian]

Is this common?

Was for a bit, who knows this weekend.

This season seems a bit different to others.

 

[thedreadpirateroberts]

Fair enough mate, but there are a lot of differences with that cycle. However, I will admit we still need another week or two to truly know where we sit in this cycle. The early signs are ok since the crash though...

what signs would those be? most charts I see indicate nothing else other then we are heading for a bear market. I dont think we will be talking multiple years this time but keep telling yourself we are not is sure fire way to lose money

 

[Bostonian]

It's like a tug of war tiff between the bull marketers and the bearish marketers.

The DCA guys are sitting in the middle not giving a flying ****.

 

[BACCS]

what signs would those be? most charts I see indicate nothing else other then we are heading for a bear market. I dont think we will be talking multiple years this time but keep telling yourself we are not is sure fire way to lose money

If you had read other posts from me in this thread, I know we are in a bear market; however, the recovery will not take years like some have said. If the 4 year cycle plays out, then we get a peak late this year or Q1 2022. If the cycle is lengthened, then a peak isn't likely until late 2022/2023. I personally think based on the research I've done it will come between the two predictions above, which puts it some time in mid 2022. I am using this time to accumulate and hodl.

 

[Evolved1]

Set your buy orders at -$4000 just to be safe.

 

[faible]

Set your buy orders at -$4000 just to be safe.

... oil went negative for very specific and unique reasons that I don't see as being applicable to BTC.

 

[Evolved1]

... oil went negative for very specific and unique reasons that I don't see as being applicable to BTC.

Wasn't meant to be taken seriously.