1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

[boskey]

…and here they come…folks who have never posted in here before or barely done so with their chicken little proclamations while this shyt will play out pretty much like it’s already done

Here's more:
Coinbase admits users may lose crypto if exchange goes bankrupt

 

[old pig]

I’m really amazed VET hasn’t fallen under a penny yet…that’s one project I definitely want back in if the price is right

 

[the bossman]

it only bodes poorly for the project and nothing else…this is not the first time it’s happened…there’s been a lot of top 10, 20 and 50 projects that have fallen completely out of position pretty fast and even into complete obscurity in many instances…looking at the historical snapshot on CMC backs that up…I feel bad for those in LUNA but this should be a huge red flag for those who were looking/considering jumping into that project

What's happening to Luna is kind of like a snapshot of what would happen to the market if Tether crashed. There would be a big dip, fear for few weeks, then back to business as usual.

People forget there's way more options for stablecoins now. Tether does not run the market. BTC does

For next few days we gonna have to hear the same tired Tether FUD that gets recycled every year though

 

[Arithmetic]

It's my opinion that alts are probably going lower. Protect your capital, take profits early, take losses early, and survive. A lot of alts will resemble this.

 

[Arithmetic]

Buying alts at their lows is probably a good scalp opportunity in the short term, but it means nothing for the long term as long as uncertainty exists. Traders/investors are still under appreciating the alignment of bearish current events and the ramifications if they worsen. Macro landscape has changed, inflation, and now the looming threat of a russian invasion of ukraine. Markets won't find a bottom until some or all of these uncertainties are addressed, and high beta assets like alts and tech stocks will get the worst of it. Biden's regulation news wasn't what made the markets sell off it was a series of bad news coming out of Ukraine. Biden doesn't want to hurt US crypto investors, so he will wait until crypto bottoms to really push for regulation, for now it's just more of asking agencies to come with a solution, not a real solution.

 

[boskey]

What's happening to Luna is kind of like a snapshot of what would happen to the market if Tether crashed. There would be a big dip, fear for few weeks, then back to business as usual.

Lose 95 percent of your value in a week and then get back to business as usual, brehs

 

[the bossman]

Lose 95 percent of your value in a week and then get back to business as usual, brehs

If BTC lost 95% of its value in one week I'd be very worried. Some stablecoin or altcoin not so much. Again, BTC still runs the market.

Stablecoins will come and go

 

[Leasy]

Is the financial companies and Power holders moving their money from Crypto to bonds????? This shyt spooky as fukk

 

[Virtuous_Brotha]

it only bodes poorly for the project and nothing else…

Hell nah breh, you do know they were/are dumping btc hard to try and save it right? The whole market is impacted by this even people not in luna are terrified .

While there were previous top 10's that collapsed this is an entire eco system that was once valued at 40 billion market cap this magnitude hasn't been seen before

 

[5010]

This happens every cycle. Same shyt, new laxative. Sweep your profits into Bitcoin and/or Ethereum every bull run. Live to see another cycle.

 

[Supa]

about to be under $0.005

I woulda already been down almost $5k if I had rushed in and bought it when it first fell under a penny…these prices are dropping fast…only reason I’m not concerned is I’ve literally been thru this 2018-2020

I said it before and I’ll say it again…don’t only pay attention to the price dropping but pay attention to the ranking…that’s important…if it maintains it’s ranking then the price fall is commensurate to the market taking a hit overall (ie business as usual)…but if the ranking plummets then you have to be careful and find out why before you just buy the coin cuz it’s low…LUNA is a perfect example…RSR has lost its ranking pretty fast also but I’m confident enough in it to take the risk plus I’m not committing too much money to it

Is RSR done releasing tokens?

 

[GoFlipAPack]

All red everything

 

[mannyrs13]

This happens every cycle. Same shyt, new laxative. Sweep your profits into Bitcoin and/or Ethereum every bull run. Live to see another cycle.

i did that shyt with shiba last year into eth and it hasn't worked out so well. I'm bout to start sweeping all my profits into drip instead.

 

[old pig]

Is RSR done releasing tokens?

nah…it’s a “metered” release tho

 

[(ALi)]

i did that shyt with shiba last year into eth and it hasn't worked out so well. I'm bout to start sweeping all my profits into drip instead.

Drip going lower too.
Hope this shyt doesn't rug pull us because that will make me extremely sour on defi.