Bitcoin Thread

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Good f**k! Its a bloodbath right there in the crypto markets. Perhaps they were right in saying people will lose all their money. The UK did warn about this a couple of days ago.
 
rvZA said:
Good f**k! Its a bloodbath right there in the crypto markets. Perhaps they were right in saying people will lose all their money. The UK did warn about this a couple of days ago.
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You only lose your money is you sell.
 
Is anyone buying again? I'm dipping my toes in very slightly. A lot of people are feeling pretty shell shocked
 
rvZA said:
Good f**k! Its a bloodbath right there in the crypto markets. Perhaps they were right in saying people will lose all their money. The UK did warn about this a couple of days ago.
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It certainly is rather messy out there, but as you said, there have been warnings of this. Especially without the warnings of talking heads, the signs of “frothiness” have been there for a few days at least.
 
This "buying the dip" is not working out so well for me. Had buy orders for Eth ($2100) and Bnb ($265), all filled while I was offline. It seems the bottom on this is quite some way off.
 
Think 28k is the lowest wish I had more of my portfolio in usdt when the trouble started, now its to low so I will have to hold
 
As I said a while ago, the crypto markets are a fantastic learning ground because they are so volatile and so visibly influenced by the media and statements by “big names. ”

Losses over the past few days are not REAL until you exit the market. IMO for example, anyone who thought they were traders/speculators and bought btc in the 50k ranges should now think of themselves as HODLs. Although I don’t believe in the philosophy behind much of the bitcoin and crypto hype, I am convinced this won’t be the last spectacular growth and drooping hangover episode.
 
I've just been buying some as the prices keep going down and I'm gonna hang on.
 
hawker said:
I've just been buying some as the prices keep going down and I'm gonna hang on.
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I sold off some of the profits I made the past 6 months before it keeps falling. Time for some US monthly dividend reits for me...
 
rvZA said:
I sold off some of the profits I made the past 6 months before it keeps falling. Time for some US monthly dividend reits for me...
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Yeah good idea, crypto is a tiny part of my portfolio the rest is still the plain old normal stuff.
 
I sold all while it was still climbing with the intention of buying back multiples of my original quantity after the bubble popped. All going to plan so far...
 
flytek said:
I sold all while it was still climbing with the intention of buying back multiples of my original quantity after the bubble popped. All going to plan so far...
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hawker said:
Yeah good idea, crypto is a tiny part of my portfolio the rest is still the plain old normal stuff.
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Same here, I will get back into Crypto a bit later. Will be popping all my profits into two REITS offering 8% and higher dividends on a monthly basis while the crypto markets bleed for a while.
 
NarrowBandFtw said:
where are all those articles about Bitcoin losing its dominance now? :ROFL:

dragging the entire market with it ... dominance: check
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Temujin said:
Normal cycle for alt season... next up, zomg mah flippining, and then they all crash, lots of tears, and btc dominance goes up again
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zomg mah flippining - check
and then they all crash - check
lots of tears - check
and btc dominance goes up again <--you are here
:giggle:
 
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