Wow. Bitcoin is almost $1,500

[ultimatebob]

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:

 

[Fritzo]

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, 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.

 

[VirtualLarry]

Elon calling crypto a hustle on TV didn't help things.

Yeah, that really, really, didn't help things in crypto-land.

 

[DrMrLordX]

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.

If you're doing DCA, slow steady declines aren't bad. If you're trying to buy the bottom then yeah, it sucks.

 

[AdamK47]

Good times are here again!

 

[soulcougher73]

Big losses today.

 

[luv2liv]

i have been following this BTC wallet https://bitinfocharts.com/bitcoin/address/1P5ZEDWTKTFGxQjZphgWPQUpe554WKDfHQ?fbclid=IwAR3DHSbnI2a0RtMFqAkPH624wc_D-0Ylp61fRdB_qPydPOR_OfLK0qy9Hzg

whoever owns it consistently buy low and sell high. that person just bought another 1000+ BTC today when it was super low.

 

[Roger Wilco]

BTC breaks below 30K! Timber!

 

[ponyo]

 

[ultimatebob]

Dogecoin in particular seem to be on the express train back to a penny. Thanks, Elon!

 

[AdamK47]

Spam post deleted.


Chasing bubbles in parasitic ways.

 

[Roger Wilco]

Coinbase will soon be offering 4% APY on any balance of USDC.

That’s a garbage return compared to other CeFi options, but I suppose it’s less risky…I guess.

 

[VirtualLarry]

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.

 

[ultimatebob]

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.

So, you're not this guy right now?

 

[AdamK47]

Why did this thread die out?

It's so much fun reading through it.

 

[Red Squirrel]

Should I buy now or wait until it goes to $1,500?

 

[sdifox]

Should I buy now or wait until it goes to $1,500?

You are much better off buying insurance for food production facilities. It's not fraud if you are not the one setting them on fire.

 

[DrMrLordX]

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.

 

[Charmonium]

Repeat after me - use case, use case, use case. This is the ONLY thing that matters because it is the only thing that will create demand for any type of currency - crypto or otherwise.

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.

 

[DrMrLordX]

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.

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).