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

mannyrs13

mannyrs13

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Drip looking like its starting to curve back up. Just gotta stay above the black line and hope we get a bullish cross within the next couple of days. Good cuz it looks higher than the last one which looks to be slightly under $6 and this one might be closer to $7 if it plays out how it looks. Good cuz it had a higher bottom around 6.75 vs that 4.75 in the past. Available supply been lowering too. I saw it around 299k when i mentioned it the other day and now its at 293k. i know they had some dogs lending thing earlier today or yesterday but i wasn't involved with that.


JdAKBAVl
 
Virtuous_Brotha

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JJ Lions said:
Railway strike averted, so that's good.

What's left of this month:
Sept 16: Mt. Gox Claims Deadline - this will be nothing
Sept 21: FOMC rate hike decision
Sept 22: Cardano’s Vasil hard fork

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Lots of red, don't see anything positive on the horizon at least in the near term. So extended buying opportunities which is fine by me. Going to focus on top crypto with nice staking % at the major exchanges. Mainly ATOM, NEAR, DOT, since those are 10%+. Right now, just going thru Coinbase or Binance. Feel comfortable there vs. sending off to Celsius like places. Still want to try staking something thru Ledger, get my feet wet.

Looks like Cosmos ATOM is the strong one, only one green for me for 1yr/7day/30day/90day
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September historically trash for crypto so yeah people probably dumping true to tradition as well. Man i just hope we can get somewhat of a run before the year is out, i've learned so much in the past 9 months just need to exit this god foresaken market so i can strictly only buy during bear markets. Wouldn't wish the stress i've had to endure this year on anybody, ironically i've been masking the pain buy overspending on clothes and shyt anything to numb the pain
full
 
Payday23

Payday23

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In The Zone '98

In The Zone '98

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A

Arithmetic

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Arithmetic said:
Be careful with alts. Most will never return to their ATH due to inflationary tokenomics and aggressive unlock schedules.
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Arithmetic said:
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.

1200px-Euthanasia_coaster_profile.svg.png
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Arithmetic said:
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.
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told yall in February. Give me my flowers :mjcry:
 
JJ Lions

JJ Lions

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Arithmetic said:
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.
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How in the world is it bad for the long term buying at their lows? Bad economy doesn't last forever. Should people wait until it gets better and buy them at a higher price? Buying on the way down/lows better than buying on the way up/highs.
 
A

Arithmetic

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JJ Lions said:
How in the world is it bad for the long term buying at their lows? Bad economy doesn't last forever. Should people wait until it gets better and buy them at a higher price? Buying on the way down/lows better than buying on the way up/highs.
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Ironic that you zero'd in on that considering that was back in early February, after the January dump, when people claimed the bottom was in. Those people are no longer with us. A "low" that gets retested repeatedly eventually turns into resistance. I was just using "long term" loosely.
 
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JJ Lions

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Arithmetic said:
Ironic that you zero'd in on that considering that was back in early February, after the January dump, when people claimed the bottom was in. Those people are no longer with us. A "low" that gets retested repeatedly eventually turns into resistance. I was just using "long term" loosely.
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You quoted it today, what people are no longer with us?

Lows were in June, we're not there yet, we might be going there.

ETH was 896 in June, it's now about 1300
Bitcoin was 17,700 in June, it's now about 18,800
Lot of alts getting close to yearly lows again.

I'm fine with buying in the bottom areas, these will be higher in the future.

Just kind of watching right now, did pick up some ADA today just because the fork is coming up in a few days. Then to see what the FOMC decision might do.

Sept 21: FOMC rate hike decision
Sept 22: Cardano’s Vasil hard fork
 
A

Arithmetic

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JJ Lions said:
You quoted it today, what people are no longer with us?

Lows were in June, we're not there yet, we might be.

ETH was 896 in June, it's now about 1300
Bitcoin was 17,700 in June, it's now about 18,800
Lot of alts getting close to yearly lows again.

I'm fine with buying in the bottom areas, these will be higher in the future.
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I was referring to the "talking heads". Ya, buying the blood in June was a great opportunity, but there are those who play both sides and think we can go lower, and to them August was another great shorting/TP opportunity.

Ideally, I think it's better to strive to continue to build your bankroll in the bear (by buying/selling the bear rallies or shorting) and miss "the bottom", than to DCA throughout the bear and having to wait until the bull for said bankroll to grow. Of course, not everyone has that luxury though so we do what we can. NFA.
 
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