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Cryptocurrency mega-thread

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After fully exiting crypto in March 2021 I’ve now jumped back in via a couple of BTC ETFs.

With the upcoming ‘crypto week’ in the US and the current softening stance from a number of governments there appears to be a decent potential upside from here.

Which is an absolute shame, as it strips away the entire ethos and intention that Satoshi had in mind. Like most things once a new owner shifts in the culture and essence that made Bitcoin what it is will be lost.
 

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BTC all time high today, ETH close to an ATH at the time of posting. Not sure how I feel about institutions pushing up the prices from a philosophical perspective, but great for price action.
 
Still holding some BTC and ETH, but lately I’ve been more interested in the mining side again. Don’t have cheap power at home so I’ve been running through hashmole instead, keeps me involved without filling the garage with gear. Price action is fun to watch, but stacking slowly on the side feels safer than chasing every pump.
 
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CrazyEighty8 said:
Still holding some BTC and ETH, but lately I’ve been more interested in the mining side again. Don’t have cheap power at home so I’ve been running through hashmole instead, keeps me involved without filling the garage with gear. Price action is fun to watch, but stacking slowly on the side feels safer than chasing every pump.
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Just looked and saw that Hashmole turned out to be scam. Hope you didn't lose too much.
 

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evolved2 said:
We're in trouble here. A close below the 50 week moving average usually leads to a >12month bear market. Let's see how we close on Monday morning.
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Yeah I hear ya, may be going into bear market or is this the 20 percent draw down before last peak.

Either way, replace the word trouble with Opportunity.
If we drop to say 50/40k we are blessed and being given a gift.
Imagine 30k.

95 percent of bitcoin has been mined.
Leaving what 5 percent to be mined over 100 years.
Loads is already lost

So April 2028 only 1.5 can be mined a day
2032-0.75
2036- 0.39
and so on and so on

Stuff going to be rare and hard to get
Just having any will be elite

All depends on your age too. Even if you don't get to enjoy the fruits of your labour, your kids and grand kids will be set.

Fingers crossed next 12 to 24 months is bargain time.

Got to think long term/Big picture

Let's see.
 
The 20 month moving average generally holds for a couple months at least, currently sitting between 87-88k. I will be shocked if we break down quickly from here.

Kinda sad that we never really had a proper altseason like 2017 and 2021. I lost a lot of my BTC profits by chasing bigger wins with shitcoins. It feels as though we've failed to bring in new retail, and you can see that by the difference in posts here compared to previous bull markets.

Diminishing returns are also concerning - we didn't even double the previous bullmarket ATH of 69k for BTC, though we comfortably surpassed my conservative prediction of 80k.
 

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