Do you guys remember when we were the newbies, panicking and falling apart everytime there was a huge dip and now its funny to watch the others while hodling calmly?
I'm not panicking, but pretty depressed by all of it. It just seems like it shouldn't be happening at this point in the cycle, but hey, maybe the cycle is not over yet. |
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i swear that kind of slow bleeding is the worst, it's like someone plunging a knife in your flesh inch per inch
Yeah, well a quick drop like we saw last week is like taking a bullet in the back. Take your pick on which is worse. |
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Nobody knows.
But bulls will probably be looking for a bounce this week. If that doesn't happen, I'm sure a lot will be thinking long term bear market.
However, 2013 had a large drop mid cycle, so anything is possible.
All I know is that this would be a good time for any institutions that were thinking of buying to buy.
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Seems to be the going feeling of many right now. |
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Very technical talk. Hard to listen an hour. But we had a perfectly similar dip in 2017 wich plays out exactly like the one now on the stock to flow chart. Other than that, if not, hold 4 years no big deal. We will see if pi cycle top indicator failed or stock to flow, NUPL and 20 other indicators failed.
Maybe the best indicator is the shitcoin market. When that starts going stupid that means BTC loses its scarcity value, then starts coming down, this sours the market mood then shitcoins follow bigly. |
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I wonder if anyone is still leveraged long at the moment? Getting back to the lows might trigger some more margin calls.
Order book is very lopsided again but that probably doesn't mean much.
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Here we go again.
Better be some buying coming this week, otherwise new lows. We're going to have to get at least a couple weekly relief rally soon though.
BTC dominance up to 47% at least.
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Price sucks but some humour to lighten the mood. Stay strong guys, I’m feeling worried myself but we must HODL on.  Don't worry mate, the price is still good, isn't it? And we all know that it will shoot to the sky again soon enough. HODLing strong. Price is still good, but the real worry is not the current price. It is that we are in another multi-year bear market, and one that according to previous history shouldn't be happening at this point in the cycle. Always HODLing, even if depressing. |
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Well, the trend followers achieved another 10% loss, but apart from them nobody is selling. They don't even look at the depth charts, I even doubt that they know what a depth chart is  This dump is doomed to fail and we will be back above 50K in no time. I hope so and I think you are right. People are expecting a repeat of 2018, problem is the bull run never went parabolic or too crazy, therefore there is not enough stupid money involved that still hold coins. Pulling this completely out of my arse, but I'd say 80% of the sellers have already sold, sure the buyers are not as many now, but that's a good thing, means what stupid was there is no longer there. It might be a hard slog for 6 months, but I think we will get there again. At which point the stupid will come in again to let the piece of shit elites extract all the wealth from them once again. |
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The weekend dump, like clock work.
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 I feel evil for liking this. There were a LOT of clueless folks that got screwed over by a insecure asshole's shenanigans.  I take it back. I do NOT like it. But there's nuance. It takes a entitled asshole with a need to be the brightest bulb on the Christmas tree, AND a mindless slobbering rube who will follow him over a cliff. The reason for the fleeting feelings of liking this sort of thing is that you were telling people that they are being stupid and no one listened. So it's only natural to feel better when proven correct. But as you say it is absolutely shit and no one should like it. The fact is that the elites of this world like to make out that they are smarter (proven by their success, just ignore their silver spoon), have peoples interests at heart, and should absolutely be listened to by all those who belong to the 99%. While they try to enforce this way of thinking, behind the scenes they are stealing wealth from these same people through a variety of ways and sending them over the trenches in large numbers, against machine gun fire, in order to enrich themselves a little further. In this case getting them to pump doge. I take zero pleasure in the 99% (particularly the 90%) losing their wealth, that was gained through their labor, to the elite so that they can then use this extra capital against the people once more for further gain. It's a sickening practice, that has been running throughout history, only briefly interupted through times like the bubonic plague, powerful unions, or utter devastation of ones country after war. Fuck Elon and the rest of the robber barons who try to make out that they are gods gift to humanity. |
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I'm pretty sure it has been posted several times. |
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https://taproot.watch/minersIf BTC.com is able to upgrade all their nodes in the coming days, we will have taproot activated next difficulty epoch! Apparently they said end of this week. |
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This shit ain't for everyone and I certainly don't recommend it without a full understanding of what you are getting into. HODL will always be the best strategy long-term for accumulation of capital. And there is no way you should even attempt it Jay, you lack the ability to understand the perspective yet alone the trade, so just do what works for you.
Funny how you have been acting like such a whinny little bitch in recent days in spite of your supposedly being able to kill it with sophisticated financial instruments in recent times, too. Also, it seems to me to be much better to be attempting to describe BTC portfolio strategies that are replicable, and I tend to do that on an ongoing and regular basis.. Of course, any guy should be attempting to start with basics and that is getting their financial shit together so that they are not whining like a little girl every time the BTC price moves.. because if guys get their financial shit together, then they should already be prepared both financially and psychologically for BTC price moves in any direction and even extreme moves. Seems to me that if a guy is not psychologically prepared for BTC price moves and he is whining like a little girl, (we already have decent ideas that they can and tend to be extreme from time to time), then there is likely something wrong with strategy in a financial way too.. so basics (finance 101 - which seem to be a challenge to you somac) would be to attempt as best as possible to align finances with psychology. In response to your other convoluted and potentially contradicting nonsense, there seems to be no real need for me to go into detail about what has been so fucking awesome about my own BTC system, even though I have largely been in BTC about 7.5 years now, so the first years were building foundations but already having a decent amount of capital that I could inject and allocate into bitcoin. On the other hand, we know that if guys are starting investing from scratch, then they might have to exercise a considerable amount of patience to even build up their investment portfolio to 1 BTC.. not that I am even conceding to have 1 BTC since that is also considered to be a lot these days, so beginners likely are going to have lower targets before they might start feeling that they can go baller with any of their stash... which surely, I tend to be a person who wants to recommend means that are fairly conservative and straightforward rathe than the employment of complicated and convoluted investment mechanisms... which may well screw peeps out of whatever investment portfolio that they may have, as you seem to suggest to be a potential risk somac (besides your bragging about it). Losing half of ones net worth, while making 15K in income over a 2 and a half month period is hardly killing it. It is actually a disaster. Now, something you will never understand is that you a piece of shit, everyone else can recongnise that, but you never will. So just accept your limitations and stop thinking you know better than everyone else, you don't. |
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fuck this shit.
Have your various interest earning bullshits been liquidated, yet? sorry for your loss. Only a loss (actually still mass amounts of profit) if I sell, and that is NEVER going to happen. Hahahaha Ok... Fair enough. Why was I trying to read more bitter in you than actually exists? Maybe because you have been expressing a lots of emotions in recent times? Perhaps? Perhaps? I'm just having a whinge, that is all. Also, speaking of my "interest earning bullshits" that I did with 1 BTC, It has been going awesome. I pulled in, as income, USD15k on that 1 BTC so far (2.5 months). If only I had the balls to of used more BTC. Also None of that 1 BTC is gone, it still = 1 BTC. Probably for more than half of the over 7 years of my participation on this forum, I have been suggesting that for fuck you status, there are probably a lot of guys who would need at least $1million in capital, so that would be presuming a $3,333 per month as passive income a starting point. I have been inclined to double that amount in the past year or two - and probably especially after some of the shocking aspects of the early 2020 money printer go burr situation.. so that would mean $2million in capital which would be presumed to be able to sustain about $6,666 per month in passive income. You seem to be suggesting that you are getting about $6,000 per month ($15k/2.5) in passive income with merely 1 BTC.. which surely would have fluctuated in value between about $30k and $64,895k.,. Seems too good to be true... to be sustainable? Even considering BTC values at $60k, to be able to earn 100% the value of the BTC in 10 months. Yes that 1 BTC has also, unfortunately gone down in value over those months, but we play 1 BTC = 1 BTC here so not to worry. Too good to be true? No. Sustainable? unlikely over the long-term with just 1 coin. I have been selling OTM call options on that 1 coin, those calls have stupid high premiums, so making that money quickly is easy enough, the problem will come if it goes up in price substantially within the short time frame (hopefully it does and stays there), this is where it is possibly not sustainable, and all you can do to avoid is sell well OTM calls (less premium) or do you best to time your trades. We'll see how it all goes in the end, but in my mind it beats selling, as if I were to do this I would lose all capital gains (also be taxed like a bitch) where as OTM calls mean I still get some capital gains at least. I have done this trade in legacy markets prior, so experience helps. Understanding the greeks is paramount to maximising ones return, right now the volatlity has created some pretty high premiums so even now the gains can still be fantastic, that will drop off though as time goes on, but hopefully price goes back up at same time. This shit ain't for everyone and I certainly don't recommend it without a full understanding of what you are getting into. HODL will always be the best strategy long-term for accumulation of capital. And there is no way you should even attempt it Jay, you lack the ability to understand the perspective yet alone the trade, so just do what works for you. |
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fuck this shit.
Have your various interest earning bullshits been liquidated, yet? sorry for your loss. Only a loss (actually still mass amounts of profit) if I sell, and that is NEVER going to happen. Hahahaha Ok... Fair enough. Why was I trying to read more bitter in you than actually exists? Maybe because you have been expressing a lots of emotions in recent times? Perhaps? Perhaps? I'm just having a whinge, that is all. Also, speaking of my "interest earning bullshits" that I did with 1 BTC, It has been going awesome. I pulled in, as income, USD15k on that 1 BTC so far (2.5 months). If only I had the balls to of used more BTC. Also None of that 1 BTC is gone, it still = 1 BTC. And this is why I won't sell any BTC (home excluded, and even then maybe not). I can generate a sizeable income off a small percentage of my capital, yes not as much at these levels now, but when it does get to 100k, it will be even easier. |
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This would be a laugh if it actually happened  Bullshit I think (but would be great for BTC skyrocketting if it was / will be true). yeah bullshit alright, but one day it will happen and I'll be laughing my ass off when it does. |
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Buy the dip set up your desendng ladder of buys.
I am good down to 27k.
cheap corn for all.
I’m good for 100k and lots more, Btw.... just gotta ask.... Where you guys find new money all the time...? And why for them OG’s mostly isn’t that most of the cash not in BTC when te price was 3-digit etc.... But still, every week new cash to buy, impressive still working perhaps? that's how I get my fresh fiat. |
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This would be a laugh if it actually happened |
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