Bitcoins - about to hit $5,000 per coin today!

[Flexacon]

We are getting massacred



Our last best hope for the year is a repeat of 2017. Crypto flash crashed in mid December and then Alts went parabolic until mid Jan. We are in December and we have a flash crash...

Otherwise it's a long hodl for 2022 and glory.

[Griffith]

Griffith fella, are you HODLing any ADA?

It'll bounce back (although the eTORO delisting was a kick in the balls) so dump it when you can and don't get caught buying into shit projects headed up by fags, trannies and trans-humanist idiots like Charles Hoskinson and chums

 


This posting is © by
Dan Duchaine, 2006

No, not holding any ADA.

Did have some in the past though, but put most of it into Ethereum.

[Griffith]

We are getting massacred



Our last best hope for the year is a repeat of 2017. Crypto flash crashed in mid December and then Alts went parabolic until mid Jan. We are in December and we have a flash crash...

Otherwise it's a long hodl for 2022 and glory.

It's still looking good.

[FitnessFrenzy]

Ouch. I don't want to see how the stock market opens on monday 

[FitnessFrenzy]

[Spike]

buy the dip

by the time you come off Dbol to start cutting come springtime you earned a few kits of George Henry

[Griffith]

ETH still holding up really well.

Dipping less than BTC and recovering faster.

[Griffith]

Ethereum flipping Bitcoin is a formality at this point.

[Flexacon]

It's still looking good.

Eth back at support and looking good like you said. Even a small chance for a green daily candle by EOD, but BTC is looking scary.

BTC could still send everything crashing. Stock market uncertainty, evergrande/ Chinese bonds, US debt, Omicron could all send BTC sub 30k.

I'm staying in for a potential parabolic ALT run, but it's straight up gambling right now.

[Mayday]

Eth back at support and looking good like you said. Even a small chance for a green daily candle by EOD, but BTC is looking scary.

BTC could still send everything crashing. Stock market uncertainty, evergrande/ Chinese bonds, US debt, Omicron could all send BTC sub 30k.

I'm staying in for a potential parabolic ALT run, but it's straight up gambling right now.

BTC will be fine.

The reality is we have no FOMO but maxis and idiots were all going spastic long on margin in anticipation. Big players can see all the positions along with stop loss positions (unfair I know).

1.8B of margin positions wiped out in an hour lol.

I had last Friday as the last day to make a 2013 run likely. Missing that means the next marker I have is 15th December for a starting uptrend.

I just don’t believe 100k will be easy. We might see something like 93k April - dump - 180k December. 2022 but then importantly I think 100k holds as support.

[OneMoreRep]

Meanwhile, so many are concerned about $BTC's dip, whereas I was instead hoping for a steeper drop that would pull other coins with it. I was hoping for Ethereum to get to lower levels ($1,000) in order to invest the house on it.

"1"

[Shakh]

Bitcoin USD (BTC-USD)
CCC - CoinMarketCap. Currency in USD

49,186.56-4,412.93 (-8.23%)
As of 11:21PM UTC. Market open.

[jude2]

Meanwhile, so many are concerned about $BTC's dip, whereas I was instead hoping for a steeper drop that would pull other coins with it. I was hoping for Ethereum to get to lower levels ($1,000) in order to invest the house on it.

"1"

I want to get back into ETH.  I just don't see it going to 1K.  I would be happy to buy back in at 2,500

[Flexacon]

We would all love ETH on discount, but we need to learn from the past and BTC maxis here.

Once upon a time BTC was at the same stage price wise as ETH is now. Long term it is only going to go up. Those who did best from this point with BTC were the ones DCA. You can wait around for a discount and then find ETH suddenly at 10K. Your next discount is 6K, 4k suddenly looks like a bargain.

DCA will take you to glory!

[Griffith]

I want to get back into ETH.  I just don't see it going to 1K.  I would be happy to buy back in at 2,500

There's strong support at the 4k region.

[Mayday]

Microstrategy bought 414M worth of Bitcoin.

[Flexacon]

Microstrategy bought 414M worth of Bitcoin.

This was before the crash.

This isn't the first time MST announced they bought a huge bag and then BTC proceeds to crash. I've joked about Saylor buying at the top numerous times. Of course he has been proven to be correct every time. I don't doubt this will be any different.

[Marty Champions]

whats this shit

[jude2]

There's strong support at the 4k region.

Seems that way.  I was able to get a few at $3,896 two days ago.

[obsidian]

We would all love ETH on discount, but we need to learn from the past and BTC maxis here.

Once upon a time BTC was at the same stage price wise as ETH is now. Long term it is only going to go up. Those who did best from this point with BTC were the ones DCA. You can wait around for a discount and then find ETH suddenly at 10K. Your next discount is 6K, 4k suddenly looks like a bargain.

DCA will take you to glory!

Yes agreed. You can't time the market. Waiting for it to crash before you buy does not always work out.

[OneMoreRep]

Not sure if anything, but ALGORAND is looking ridiculously promising. If any of you have good insight into this project, please share as I think I might want to acquire some $ALGO.

I watched the recent Miami event (Decipher) they held a few days ago and some key points include:

• Very strong fundamentals (Read the whitepapers and seems solid)
• Adoption by Central Banks for CBDC (looks to have all the necessary elements to facilitate digital currency)
• Over $2.5 Billion of institutional money pouring in very recently (Anthony Scaramucci and family are coming over)
• Real world application by way of developing El Salvador's blockchain infrastructure (If they succeed in El Salvador by helping to scale their Bitcoin efforts, it's a sure bet for adoption)

"1"

[Mayday]

September 21-22 was the last bottom.

Right now this lines up with September.

However 49.2k likely on a weekly close is not a good look. If we don’t bounce quickly then 42k closes are on the cards which is ETH @ 2,500.

[OneMoreRep]

September 21-22 was the last bottom.

Right now this lines up with September.

However 49.2k likely on a weekly close is not a good look. If we don’t bounce quickly then 42k closes are on the cards which is ETH @ 2,500.

You say it as if a lower entry point for Ethereum is a bad thing... Leave some for the rest of us, Michael Saylor.

"1"

[Mayday]

You say it as if a lower entry point for Ethereum is a bad thing... Leave some for the rest of us, Michael Saylor.

"1"

The longer the timeline the better it is for me so I don’t mind a pullback or sideways motion but I’d prefer sideways rather than a collapse.

Short term:
Upside target 93k
Downside 1 - 42k
Downside 2 - 38k

[OneMoreRep]

The longer the timeline the better it is for me so I don’t mind a pullback or sideways motion but I’d prefer sideways rather than a collapse.

Short term:
Upside target 93k
Downside 1 - 42k
Downside 2 - 38k

Downside 2 (38k) puts ETH at what, give or take $2k?

"1"