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Cryptocurrency mega-thread

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ash_1050 said:
And you'll be a much better investor as a result of it. It's the investing equivalent to plonking a fresh faced 18 year old down in Vietnam in 1965, you either quickly adapt and become resilient or you die trading the market sentiment. For all our differences you've taken to the space pretty damn well in terms of approach and structure, it took me much longer to learn that level of discipline.
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Good analogy. Bought my first BTC back in September, so seen a couple of times now the market being radically different to when I checked it. But I think this might've been the first one where I was sitting there watching it, so the rate of change surprised me. Coupling that with it not being a great day in the regular stock market as well.

But I'm pleased to announce the thought of panic selling never entered my mind :D . More thoughts of: "Eh, that'll need time to recover. I wonder how much?"

It's all good learning and experimentation!

 
freddy mercury said:
Ill jump all over BTC if it gets that low, missed out last time at 40k. Won't do that again.
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Bitcoin aint my flavour. But if I had put everything into BTC since I joined the party, I might, maybe, possibly, be in a better position than now. Even pistachio is the correct decision sometimes.
 
Dont At Me said:
Good analogy. Bought my first BTC back in September, so seen a couple of times now the market being radically different to when I checked it. But I think this might've been the first one where I was sitting there watching it, so the rate of change surprised me. Coupling that with it not being a great day in the regular stock market as well.

But I'm pleased to announce the thought of panic selling never entered my mind :D . More thoughts of: "Eh, that'll need time to recover. I wonder how much?"

It's all good learning and experimentation!

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It’s definitely confronting when you happen to be seeing a flash crash live! A couple of dips ago, I saw ADA at around 2.30, a few seconds later at 1.80 and then a few seconds later back at 2.20. This was like a one minute flash crash, it was interesting to watch!
 
I wanted to move half of my ADA stack out of Nexo yesterday to sell (before the crash) for Merit Circle (I’ve explained earlier that I really like the project, the backers and it has way more room to grow due to the low cap). Anyway, the custodian for ADA transfers on Nexo just happens to be having technical issues yesterday and I couldn’t move my funds out, very frustrated! I missed out on accumulating an extra 10% of MC because of this issue, but I guess that’s the shit you get with centralized exchanges.
 

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Pancakes said:
BTC down more than 20% from the ATH it got to on Nov 10th.
A 20% reduction is generally the criteria for bear market.
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Not in crypto though, these seem to just be 'normal' corrections. Last time we had a dip over 20% it was in September, and we know what happened after that... the more this happens though, the more I think lengthening cycles could play out and the peaks aren't seen until the 2nd half of 2022.
 
The Dice Man said:
ALTS didnt get hit too bad I reckon. And Rfox is down 1,1% for the last 24 hours and up 98% the last week.

My portfolio took a 8 % hit but it's down about 25% the last few weeks. on the other hand my poocoin portfolio improved around 20% the last 36 hours.

If BTC bust through 52/51K then I'll get worried.
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Metaverse/gaming projects barely took a hit at all given how far they are up on the week already.
 
freddy mercury said:
I have very little ripple, without reading the whole thing I think it may be time to sell
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If you haven't sold yet there is no point selling now; the downside is minimal from here but the upside is very high. A couple of well respected lawyers have said that they can't see this case settling until January, which is usually how these cases play out. Any of these crypto type lawsuits have been settled before reaching court, I can't see how this is any different. Given the volume XRP brings for exchanges, as soon as this is settled there is no doubt about getting relisted back on all major exchanges in the US.
 
cotter101 said:
Rfox new ATH. Lets go baby.

Taken some profits the last couple of days as I do expect it to dip a fair bit soon.
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I'm pretty happy I got on it at 7 cents, if it reaches anywhere over 1.5 I'll sell all of mine, arguably my best decision to load up at 7 cents.

Where do you see it getting to?
 

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I’ve never had to think about taking profits before…

On one hand, I don’t have a lot of confidence in the market at the moment. But between coingecko, kogs launching soon and the next shop auction, it feels like RFOX is building to an exchange listing announcement. Tempted to let it ride another week.
 

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freddy mercury said:
I'm pretty happy I got on it at 7 cents, if it reaches anywhere over 1.5 I'll sell all of mine, arguably my best decision to load up at 7 cents.

Where do you see it getting to?
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I’ve got in at 10c and 6c.

I’m skeptical on the market atm. Which is why I took some profits. I think $1 aud is where it might max out currently and probably where I’ll sell the rest. but I’ll stockpile during a beer market.
 

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