Bitcoin Thread

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4cer said:
Someone done effed up ;-)
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This is why I keep an order open at R3501. Would net an instant doubling of my money with virtually zero risk of it dropping below that before I can react.

John Tempus said:
I honestly believe we are in a massive DeFi bubble right now, this entire new rally started with the launch of DeFi and at some point just like with ICO's this DeFi bubble wont be able to hold up with excess debt on account and will implode. I just don't see any other outcome for this run.
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DeFi is a major problem. Ethereum fees have rocketed to $3 effectively restricting it to whales only. No way we aren't in for a major implosion that will make the Bitcoin dump from $20k look like nothing.
 
Yip sold my etherium at 7000 and 7500 (ZAR). Really tempered to buy again but I know it's probably not the right time. Dump needs to happen this week
 
L-Dog said:
Yip sold my etherium at 7000 and 7500 (ZAR). Really tempered to buy again but I know it's probably not the right time. Dump needs to happen this week
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And with level 2 incoming the rand will likely strengthen a lot so it could be the perfect time to buy more!
 
Snyper564 said:
And with level 2 incoming the rand will likely strengthen a lot so it could be the perfect time to buy more!
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Level 3 lite.

The fact they kept the curfew is a big problem that the government doesn't even understand. They list Hotels as allowed to operate but a 10pm curfew means people are not allowed to sleep over at the Hotels so why the hell would people book an Hotel room or why would people travel inter provincially if they are not legally allowed to sleep over/be away from their registered property after 10pm.

The Hotels recently closed due to the 10pm curfew and apparently the government does not even understand their own regulations.
 
John Tempus said:
Level 3 lite.

The fact they kept the curfew is a big problem that the government doesn't even understand. They list Hotels as allowed to operate but a 10pm curfew means people are not allowed to sleep over at the Hotels so why the hell would people book an Hotel room or why would people travel inter provincially if they are not legally allowed to sleep over/be away from their registered property after 10pm.

The Hotels recently closed due to the 10pm curfew and apparently the government does not even understand their own regulations.
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I get that I'm just saying that the rand will respond positively to it. So it's a great time to buy
 
Snyper564 said:
I get that I'm just saying that the rand will respond positively to it. So it's a great time to buy
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Maybe but then there is also the "fast track to take pension funds" issue popping up on the same day. lmao

I don't see anything yet that makes me think of a long running rand strengthening any time soon if ever.

Policies in this country might create a dead cat bouncing situation but other than that the cat is drowning.
 
Curfew only means you are not allowed to be out and about but you don't have to be at your registered property just like before interprovincial travel you could stay at someone else for the duration of the lockdown. But yeah, hotels are a problem that they rely on people who need freedom of movement and we won't see any real recovery without the economy recovering. So if there's a spike best bet is to buy Dollars or something because it won't last long.
 
HunterNW said:
Hello ...... Any news about the BIG drop ???
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It bounced right back up. The drop did happen when gold plunged below 1900 and BTC did follow but for now DeFi is holding up the entire crypto space.

Yesterdays pump was again mainly attributed to a new hype promotion by some odd "celebrity".

The main thing to look out for is to see how DeFi is holding together, when that starts to slip the cracks will form.
 
John Tempus said:
It bounced right back up. The drop did happen when gold plunged below 1900 and BTC did follow but for now DeFi is holding up the entire crypto space.

Yesterdays pump was again mainly attributed to a new hype promotion by some odd "celebrity".

The main thing to look out for is to see how DeFi is holding together, when that starts to slip the cracks will form.
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Agreed, this does feel like 2017 hype all over again, its coming maybe not as soon as i thought but its coming
 
Snyper564 said:
Agreed, this does feel like 2017 hype all over again, its coming maybe not as soon as i thought but its coming
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I started seeing people on youtube picking there "low cap" crypto coins to watch out for, we are back in the 2017 hype cycle.
 
4cer said:
I started seeing people on youtube picking there "low cap" crypto coins to watch out for, we are back in the 2017 hype cycle.
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When everyone and their dog are in on it you know it's time to get out.
 
4cer said:
I started seeing people on youtube picking there "low cap" crypto coins to watch out for, we are back in the 2017 hype cycle.
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Reminds me of the FTX listed ****-index, I couldn't stop laughing when I saw this as an actual trading product on a legit exchange.

**** index covers the bottom 48 altcoins.
 
John Tempus said:
It bounced right back up. The drop did happen when gold plunged below 1900 and BTC did follow but for now DeFi is holding up the entire crypto space.

Yesterdays pump was again mainly attributed to a new hype promotion by some odd "celebrity".
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It's been going crazy for weeks, highly doubt Dave Portnoy was singlehandedly responsible for it, even partially. He's just part of the noise.

Swa said:
When everyone and their dog are in on it you know it's time to get out.
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Don't think we're there yet tbh.
 
Please go back down so I can buy again.

I got out way too early at 195000ish somewhere and been too scared to get back in.

This is what happens when I FOMO instead of HODL.
 
Wont surprise me if we somehow end up seeing a reverse BART spawning from this cookshow.

Something bout the part up then semi sideways then sharp down makes me think we might see the drop complete by filling up the right side of a new BART head.
 
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