One thing I learned is this.Worth buying in at under 10k? Or just keep avoiding it at this point?
Worth buying in at under 10k? Or just keep avoiding it at this point?
Is this your "I told you so." moment? Is this the end of crypto here today?That would be called "catching a falling knife" in TA terms.
Agreed. I'm all for cleansing anything sketchy or corrupted. Better now than later. Crypto market needs to become more mature - with regulations too.Something tells me there's more blood to be let here. Remember, this selloff is related to fears . . . once all the truth comes out (and it will), we'll finally know the full scope of the USDT situation. Then all the "real" money that followed that "fake" money into the cryptoverse, will have to rethink itself, since people entered the market on false present/future asset valuations.
How about blatant pump and dump? You go to jail for that crap in wall st.This is closer to straight fraud than tulipmania...
Is this your "I told you so." moment? Is this the end of crypto here today?
I mean, choose your "i told you so moment" carefully. Because this is not it. And this volatile joke of a market all went up 15% in last hour (wtf),
We can go back and forth saying "I told you so" at every dip and every new highs.
(this is a friendly banter in case you're missing the tone of my writing).
I quoted a wrong person. LOL.Hey.... I just said this a falling knife scenario from a TA perspective it's suicidal/gambling to even think to catch that knife at a low.
Some historical BTC perspective...
2011: peak $29.24, low $2.08, -93%
2013: peak $1100, low $192, -82%
2017: peak $19210, low...
That's just the way crypto rolls, it has it's own very particular trading style... were BTC to reach -100% it almost doesn't mean anything anymore. I'm thinking -85% but that's just my guess.
I quoted a wrong person. LOL.
Anyways, I think there's something different about this dip because 2011 & 2013 were pretty unknown back then. But 2017... bitcoin had massive mainstream coverage & exposure. All the kids rushed in and bought in massive amounts at Q3, Q4 of 2017. And they're now all exiting.
The fad of mainstream BTC coverage seems to be over.
I personally don't expect Bitcoin to bounce back with a fierce force. It's just an old tech and outdated with near ZERO business use case.
I think Bitcoin will recover to the previous ATH (19.8K), but it will take its time. Then it'll slowly dwindle again to irrelevancy in next few years. And hopefully QUALITY altcoins with real products/partnerships/revenue start to be unpaired from Bitcoin and rise/dip independently.
What do I know.
Mysterious cryptocurrency co. buys out land around Tesla’s Gigafactory - https://www.teslarati.com/blockchains-cryptocurrency-buys-land-around-tesla-gigafactory/
Maybe it is getting more serious now. I'd say not maybe but for sure.
How about blatant pump and dump? You go to jail for that crap in wall st.
Or how about a god damn exchange (Coinbase) pumping Bitcoin Cash to $9000 and conveniently DISABLE sell button while they do massive insider trading? Then it all crashed to $3000 after staying at a flat $9000 for mere 2 hours?
Straight up insane. I hope these people get retroactively prosecuted down the road.
I witnessed it first hand... it was like 6pm and fraud happened into 10pm-2am EST. And there was a big uproar too.Do you have a link to this story? I havent heard this one yet.
Mysterious cryptocurrency co. buys out land around Tesla’s Gigafactory - https://www.teslarati.com/blockchains-cryptocurrency-buys-land-around-tesla-gigafactory/
Maybe it is getting more serious now. I'd say not maybe but for sure.
This is the kind of thing that the AT lotto group members would have done if we won one of those stupid lotto buy-ins. Would have been epic. All that land, we could have built a bulk-beef factory, Diesel jeans import and distribution warehouse, and an interactive oldsmoboat basement, among other curiosities and profitable ventures.
Wow, another memory of AT - lotto group buys. They were awesomely fun + everyone really trusting the organizer (was it Vivimage).This is the kind of thing that the AT lotto group members would have done if we won one of those stupid lotto buy-ins. Would have been epic. All that land, we could have built a bulk-beef factory, Diesel jeans import and distribution warehouse, and an interactive oldsmoboat basement, among other curiosities and profitable ventures.
I still haven't funded my Coinbase, GDAX, and Binance accounts. I have money sitting in my checking account ready to go but haven't transferred over because I just don't fully trust the exchanges with my money. I'm not scared of crypto volatility but rather the exchanges. I'm just not that confident these exchanges are not going to screw me when time comes.