ultimatebob
Lifer
- Jul 1, 2001
- 25,135
- 2,437
- 126
Yeah, the entire market his been down 30-40% for a month. Elon calling crypto a hustle on TV didn't help things. Sick of people on Reddit saying "It's on sale!" When something is down 40% and it dips to 45%, it's not a sale, IT'S WORSE.Yeah... having a diversified cryptocurrency portfolio doesn't really seem to help. When Bitcoin goes down, they ALL go down with it by roughly the same amount:
View attachment 45934
Yeah, that really, really, didn't help things in crypto-land.Elon calling crypto a hustle on TV didn't help things.
If you're doing DCA, slow steady declines aren't bad. If you're trying to buy the bottom then yeah, it sucks.Sick of people on Reddit saying "It's on sale!" When something is down 40% and it dips to 45%, it's not a sale, IT'S WORSE.
So, you're not this guy right now?Whoa, Bitcoin creeping slowly downwards towards $30,000 USD. C'mon man, wake up! Is this some sort of slowly-creeping bear market? I thought that this was supposed to just be a "dip". Not that I'm invested.
Should I buy now or wait until it goes to $1,500?![]()
If you really want to buy BTC, I would wait 'til $12-$14k or so. You might not hit the bottom but that should be close to it. What's unclear is how many times BTC will rebound. Eventually someone is going to wake up and realize that BTC isn't really good for anything, even by blockchain tech standards. It's too slow and cumbersome. But it continues to trade well based on name recognition and sheer inertia. Ethereum fans have been waiting for "the flippening" for ages, and it hasn't happened yet.Should I buy now or wait until it goes to $1,500?![]()
XMR is very good at being untraceable. But if you buy XMR on an exchange, they can trace that. If you mine it out, they can't (necessarily).Now if someone ever comes up with a truly untraceable coin, I'll revise that but as best as I can tell, the only way to make a blockchain coin untraceable is to send it through a couple mixers.