Bitcoin Forum

Crypto market still remains bullish even when many are scared that bears might attack the market but this year bullrun is something that has never happened before, the adaption makes me feel like this bull run will last longer than we taught but..... How about crypto mining even if bullrun lasts longer? Ethereum mining still rocks but I'm not sure it will remain profitable till November 2021

The bulls that have bought are the bears tomorrow, so at anytime, they can crash this market 50% in few minutes, people will not have even a chance to sell hehe, if you think this bullrun is crazy, you will see how the bearrun wil be as crazy or maybe even more crazy ehhe

Now I feel like digging into your past 😁, what happened? Have you lost some insane amount of money to crypto because your judgement is always different, you always talk about how crypto market will crash and many will cry or how miners are wasting their time buying GPUs, what's up really?

nobody here is unscathed LOL

metroid refuses to enter the "frenzy/crazy/illogical/stupid/less than 50 IQ" area of the market LOL ..anyway this is where you allocate a "moonbag" ..money is to be made or lost hehe

Lol I already made 3000$  as profit this bull season, I'm glad I don't meet someone like @Metroid before taking the risk, the last thing I needed then was word of discouragement, he is right that people will lose money because it's certain that some will got trapped but if you control your greed and exist the market early you won't be trapped

Metroid went early bear here back in dec - jan. so he is far off.

But  when is tough call.  My guess is March 2022

this can be played in a 6 month trap.

if we peak July to August, maybe the trap can be played at the end of 2021 - early 2022 --- imagine putting your money back at the end of the year thinking it recovered from July-august and the bull run is continuing to 2023? LOL @ future REKTards

6 months is a psychological shift--> it can convince you the market is still "okay"...happened in the 10k to 6k BTC drop, i think it is around a 6 month area before a flash crash, no matter how good of a trader you are, that can catch you  ;D

Im not expert but it looks good for alts right now ofcourse btc also can show some stuff too.Im holding ltc.eth.beam.RVN :) I dont have much but happy for me. There is no time like 6-8 months it all depends market pulls money out. Big wales starts move then it crashes anytime that no one can say.

Since no one can say I'm guessing you are closely watching the whole market?I suggest you exit if you've make enough, I was holding Vechain but when it pump to 17cent I decide to quit, I'm got enough and I don't want to be too greedy, obviously I've met my target 🎯🎯🎯

Nobody knows when the bull market will end. I assumed it would end when we broke $20K and was obviously wrong. People assumed it would be when we broke $50K and were also wrong. Now everybody assumes that since COIN is launched that its the top signal.

Same with all these NFT being pushed by celebrities and coins like Doge going over 10 cents. Maybe we got a few more weeks/months left or maybe we just topped. Nobody knows. All I know is that the ETH difficulty will keep rising either way.

Eth difficultly will keep rising either way and mining profitability will keep decreasing, it's a big shame that BSC have hijacked ETH glory this year just because of gas fee, I'm wondering what ETH would have been right now if BSC never come around

You see, 90% that is not controlling the market is expecting this to run till January 2022 but in reality it will end much much sooner than that, the January 2022 is a bulltrap mentality just like the beartrap mentality we had in March 2020, coins like link that crashed to 0.001 usd and now are around 35.000 usd are to return to that price again or very close to it once all this crashes to hehell.

You trolls do your homework and do it right because if you don't size the opportunity now then later once the bear market starts you will regret not selling at top or close to it.

Thanks for the advice Metroid, the most important thing when investing is always take profit, atleast make sure you pull out your invested fund first then keep doing what you can, so even if you end up losing money you lose your gains not your initial investment fund

Link crashed to 0,001 in 2020? Did i missed something?

The best time to buy coins will always be in red market, imagine buying BNB at 10$ years back lol, also NEO and even ETH? In crypto space every market crash is a blessing for those who are smart 🤓, I'd rather buy coins at very cheap price than investing when bull already begins, which one is more dangerous?

Swap 30-50% of your crypto assets for stablecoins if you are afraid of losing money.
Due to the Coinbase listing, the cryptocurrency market can grow dramatically. I'm afraid to buy coins because they are very expensive. All miners want Ethereum mining to be profitable for as long as possible.

Altcoins are now times 10 more costly, it's better to be safer than sorry later, if bears are coming you won't see them coming they will just take over and you will be selling your coins for loss, me I'm already existing the market bit by bit turning most of my coins into USDT

Only idiots think this will keep going up, what we are seeing is buying climax on every scamcoin and after that hehell. If you have coins like doge that increased 10 times in last 4 days or so, sell it as fast as possible. You will not see this happening in a very long time, i mean for years, size the opportunity, do not give in to greedy.

this is the part where you lose a significant amount of sleep, can't think straight sometimes hahaha

you all get rich  ;D and listen to metroid about greed.

At one point in time whales will have no choice than to take profit, influencers and rich men around the globe will at one point decide to take profit, this will take a huge toll on crypto market leaving the newbies in shred of blood lol 😆😆😆

Yes lately watching whole market and it is kinda interesting. Agree greed kills everything glad you found your target. i learnt how not to loose coins, there is function stop limit. You write your limit and it sells your coins if crashes. To bad that nobody told me that i sold many eth but happy not feeling any lost, im thankful for ethereum for these gifts.

that red statement is now in play (ex. doge)...it is scary..sometimes you are too smart for your own good hehe keeping a moon bag and not succumbing to greed and cashing out is the golden rule at this time frame  ;)

gonna advise again on hardware wallets like trezor imagine hodling doge or btc on a mobile or desktop wallet for all those years? most probably you'll lost them on a hardware failure, malware/hack, or a 20% increase in price and you sold them..keeping those in a hardware wallet and putting it in a safe location might have saved you a fortune..

New level of irrationality, new 3070 prices just in and guess what, resellers want 1800 usd for the ones with dual coolers and 2100 usd for the good coolers ehhe, a new breakthrough on stupidity, in December 2020 it was 600 usd where I live. This is the 3070, msrp 499 hehe, they all sold their 3090 for 4000 usd and 3080 at 3000 usd.

Yeah money to be made on stupidity, chinese factories welcome the madness, bull run = more money than sense, bear run = more sense than money ehhe

I think we are already in bear market, hours ago bitcoin and Ethereum sinks in the pool of blood, it's been a long time since these coins bleed like this


ETH - from 2485 to 1946
BTC - from 61,000 to 51680

I was holding ETH and I've already lost 200$ in this huge retrace, sigh

People buy that?

Yeah it was very scary but maybe it was trap. i had eth too and set limit at 2.3k and it has been sold at that price. they break record i think many holders coins sold today.

bull or bear....always watch out for a flash crash...another one bites the dust! REKT

how many had a psychological shift the past 6 months who got REKT'd?

this market is not stopping. Eth income has really reduced now :(

The profits are about the same as they were for the past few months. Sure the block rewards are lower but the price is higher. So no reason to panic yet. The issue now is why so many people are paying these crazy prices for GPUs. In my craiglist area there are tons of GPUs for almost $2K and tons of mining rigs selling in the $10-15K range. And the ads get updated which means that eventually someone must of bought them.

You need to realise that buying a GPU for $2000 and overpaying by $1000 markup is not the same as buying an iPhone at launch from a scalper or buying some new sport cars at huge dealer markup. Usually those people have money and they know they are over paying. However people which start mining, see that a GPU is $2000 and they go to a calculator and see that it makes like $5/day and they assume that it will pay off in about a year and the following year will be pure profit. However mining and difficulty doesn't work that way and I see alot of people getting burnt who are taking out loans to buy all these expensive GPUs.

The bullrun attract new idiots. I don't think the ones buying gpus 4x more than msrp are people who got burnt in 2018, same thing with cryptocoins buying, only idiots are buying right now at top. This bullrun will make a lot of new suckers, right now they are called investors ehhe, soon will be called suckers.

Seem mostly deep pocked people must be buying at this price of ETH. May be they see something that we don't see.

Usually those people are deep in this manipulation but there is limit to how much they can manipulate the market. This is very close to the top, if not the top already. I will wait a little bit more if eth can reach close to 5k usd then i willl sell all my remaining eth and get 50x profit, coming from 100 usd eth.

You holding your ETH all this while? But you keep talking about market crash almost everytime 🤣🤣🤣 it seems you are deceiving everyone in this space all this while lol, I pity all those that makes any decisions based on your warnings haha

20% I still have, I sold already 80%. I always hold 20% for absolute top. Those 20% eth I have are the ones that I'm willing to lose. I say crash because eth at this price is a huge red flag, last year it was 80 usd.

I think this is the right attitude. Keeps a percentage for the top as long as you are ok losing it. No one knows how long it will last. The reduction of block rewards for last few weeks is concerning though.

eth is over 3300 as i type.

Now the market is fucking with all of us hehe...

A 2.5x from the previous market cycle top feels like not so top. Anyway 3k and above is when people should start to make a plan for exit strategy or consider priorities like paying loans instead of being too greedy.

I just got a new price for the 3060 12gb --> 1499 usd, welcome to dementia gentlemen hehe

I am confused as to when to start selling the GPUs

For 580 GPU, currently one could get $450

After paying to ebay/Paypal (12%) we are left with 396

Then paying to IRS with 35% left with  $257

Not sure where you are but where I live, shops are selling the rx 580 for 800 usd, before this bs, the same rx 580 was sold for 100 usd. Yeah need to account for taxes too.

sell every older card you have.

only keep nvidia 3000
and amd 5000/6000 cards.

once you sell every older card. send in an upfront tax payment to irs and your state.

ie 4500 in sales of old cards means 3960 after ebay/paypal fees.

and 2570 after taxes  maybe 2300 due to state tax.

take that 2300 or 2570 and put ⅓ into the bank ⅓ into btc ⅓ into cash for buying btc if there is a strong drop in price.

And here I am still storing some gtx1660s, I guess I'm doing the wrong thing, yesterday I nearly make up my mind to sell these cards and build a server with 100tb for chia farming but I still don't have the nerve, I believe that GPU mining is just way better