Cryptocurrency mega-thread

[Evolved1]

I've never touched Luna and know nothing about it, but going from a $118 just 5 weeks ago to it's current price of $3.57 is insane. Not a time to be buying hoping for a quick flip, crypto is a long term investment strategy.

I wouldn't go all in, but there's merit in taking a small plunge at these prices and lower. If you buy at $1 with a target of $10 and stop loss of zero, the risk/reward makes it a decent trade.

 

[ash_1050]

Also maintaining my mid September statement that BTC $20k is my re-entry point to purchase any crypto. There's pain left in this market yet.

 

[ash_1050]

I wouldn't go all in, but there's merit in taking a small plunge at these prices and lower. If you buy at $1 with a target of $10 and stop loss of zero, the risk/reward makes it a decent trade.

My question would be when was the last time a coin lost 99.16% of its value and then rebounded 1,000%? If it's a common event, then sure the risk/reward is there. If it's never happened before, or it's only happened a couple times, then it's very statistically unlikely.

 

[Evolved1]

My question would be when was the last time a coin lost 99.16% of its value and then rebounded 1,000%? If it's a common event, then sure the risk/reward is there. If it's never happened before, or it's only happened a couple times, then it's very statistically unlikely.

Raibloks/Nano (now XNO). ATH close to $38, dumped under $0.40, then peaked again at $14 during this bull run.

 

[Evolved1]

Also maintaining my mid September statement that BTC $20k is my re-entry point to purchase any crypto. There's pain left in this market yet.

200WMA is currently at $22k. Historically it's been a great buying opportunity.

 

[ash_1050]

Raibloks/Nano (now XNO). ATH close to $38, dumped under $0.40, then peaked again at $14 during this bull run.

So there's some potential value in it then for a small speculative stake if it's a more than 10/1 chance.

 

[Bostonian]

Some regulation is good. I'd be happy with regulation of exchanges and stablecoin creators to ensure they have sufficient funding. Other than that, I'd rather government stay out.

Rugpulls are part of the game. Without market manipulation, a lot of these shitcoins would never get off the ground.

FTT is one of my long termers due to SBF always willing to work with the Government.

 

[Bostonian]

I've been adding to my THETA bag in this big dip.

Should have enough use case to last a bear market and anything under $2 seems like a good range to DCA into.

 

[YOTC]

If Luna gets to a $1 US, i am selling everything and grabbing as much as i can.
Surely at some point it at least makes it back to $4 or $5

Look at UST before even considering buying LUNA.

Whilst it's not pegged at $1 its under constant attack.

 

[Pancakes]

Reddit - Dive into anything

www.reddit.com

Some seriously depressing reading right here

 

[Evolved1]

 

[Evolved1]

BTC hit 100k today.

 

[WaywardSonSon]

BTC hit 100k today.

View attachment 1397910

Please explain?

 

[Evolved1]

Please explain?

Look at the 24hr high. BTC hit $138k vs the stablecoin UST.

It doesn't mean a lot in the context of UST losing it's peg. UST/USDT was $0.225 earlier today.

 

[BACCS]

I'm DCA'ing down on Luna with hope my $1 buy orders are filled. I haven't seen shit like this since bitconnect; and even then, bitconnect didn't bring the entire market down with it.

Luna doesn’t seem to be impacting the majors today though, ETH and BTC have held up fine and are up on the daily. It’s actually going below 1 dollar today, I still can’t believe that!

 

[WaywardSonSon]

I do hope BTC goes bananas in June! I'm investing atm.

 

[Evolved1]

Luna doesn’t seem to be impacting the majors today though, ETH and BTC have held up fine and are up on the daily. It’s actually going below 1 dollar today, I still can’t believe that!

It's already dead. I don't think it can be killed anymore.

Agree that BTC and ETH have held up pretty well. I'm pleasantly surprised.

 

[BACCS]

Reddit - Dive into anything

www.reddit.com

Some seriously depressing reading right here

I’ve heard about some of the stories, very dark day in crypto.

De Kwon’s Tweet also basically conceded there is no magical bailout package that he hinted at yesterday and they will do everything to save UST. Didn’t seem to be positive on LUNA at all and no doubt helped the plunge continue.

 

[BACCS]

It's already dead. I don't think it can be killed anymore.

Agree that BTC and ETH have held up pretty well. I'm pleasantly surprised.

I thought it was surely getting a bounce at 10, and then 5, and now 0.01? It’s broken every level and longs continue to get obliterated

 

[Evolved1]

I do hope BTC goes bananas in June! I'm investing atm.

Doubtful. I don't expect BTC to go bananas until after the next halving in 2024. There's no easy money to be had now.

 

[Evolved1]

I thought it was surely getting a bounce at 10, and then 5, and now 0.01? It’s broken every level and longs continue to get obliterated

I was trying to be smart by front running $1 at $1.10. Orders filled now, so I'll be either begging on the street or retired soon.

I'm not ****ing selling!

 

[Ghost Patrol]

I was trying to be smart by front running $1 at $1.10. Orders filled now, so I'll be either begging on the street or retired soon.

I'm not ******* selling!

My 1.04 bid hasn't hit yet

 

[ash_1050]

Luna was $3.50 less than two hours ago when I was having a chat with Evolved1, it's now $1.08. Could be $0.50 when we wake up tomorrow at this rate, there's a whole day of US markets to come.

 

[Ghost Patrol]

My 1.04 bid hasn't hit yet

Filled lol

Surely it bounces at $1....

 

[Evolved1]

My 1.04 bid hasn't hit yet

Welcome, my fellow lunatic.