somac.
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Never selling
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June 15, 2022, 10:21:13 AM |
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ivomm
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Merit: 3074
All good things to those who wait
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June 15, 2022, 10:36:45 AM Last edit: June 16, 2022, 11:52:46 AM by ivomm Merited by somac. (2), JayJuanGee (1) |
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There are some signs the bottom is 20K-ish. At least for now. Who knows what company will be liquidated next and crash the market. Although this is not directly related to BTCitcoin, the fact that any collapsing shitcoin can trigger such a crash is creating additional FUD than usual. It will take time for the people to forget about these events and restore their trust. But people have short memory. I guess after 3 years we will see the same story repeating: Because of the supply shock and mass adoption BTCitcoin will rise to new heights. Meanwhile the new defi, doge, nft, etc. will emerge attracting many n00bs who think getting rich is very easy and you don't need BTCitcoin for that. And then again the ponzis will blow up causing billions of losses, tears and tragedies. So, knowing this we should continue our silent accumulation of precious BTCitcoins. Now almost everyone may get a whole coin. This is not a chance to be missed. The whales and institutions won't miss it. So, if the price falls below 20K it will be for a very short period.
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buwaytress
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Join the world-leading crypto sportsbook NOW!
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June 15, 2022, 10:38:39 AM |
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@ImThour Sobs despairingly at good-old-loyal-boi 200MA. It's not over yet but agree, Fed news will move something big. Everyone's expecting up to a full point, majority 0.75 so anything more than that and we'll definitely visit 16k. I'm hoping Powell does a silly and we get half point instead, then we find some 30k respite.
Doesn't matter in the long run, but I'd really like to be not-so-stressed right now heh.
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empowering
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Activity: 1078
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June 15, 2022, 10:42:03 AM |
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If 20k falls, 14K could be max pain
(or in a crazy zany world max torture point 11.5k ish....)
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somac.
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Activity: 2105
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Never selling
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June 15, 2022, 10:49:24 AM |
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@ImThour Sobs despairingly at good-old-loyal-boi 200MA. It's not over yet but agree, Fed news will move something big. Everyone's expecting up to a full point, majority 0.75 so anything more than that and we'll definitely visit 16k. I'm hoping Powell does a silly and we get half point instead, then we find some 30k respite.
Doesn't matter in the long run, but I'd really like to be not-so-stressed right now heh.
I don't think the basis point increase matters, it's more what the Fed says. With the ECB having a emergency meeting, the Fed would have to be considering this very carefully.
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fillippone
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Online
Activity: 2296
Merit: 16451
Fully fledged Merit Cycler - Golden Feather 22-23
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June 15, 2022, 10:52:31 AM Last edit: May 15, 2023, 12:21:42 PM by fillippone Merited by serveria.com (1) |
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Five minutes craft from your friend Fillippone. When Lambo? Which Lambo?
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ChartBuddy
Legendary
Online
Activity: 2310
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 15, 2022, 11:04:52 AM |
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PokestarFan
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June 15, 2022, 11:12:45 AM |
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It might be possible we go sub-20k. That would approach 2017 ATH.
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death_wish
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Take profit in BTC. Account PnL in BTC. BTC=money.
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June 15, 2022, 11:14:21 AM |
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@death_wish: aim for one (1) BTC. This should be enough to set you up for life. Now is a golden opportunity to get it at a very low (relatively speaking) price point.
Thank you kindly. You are right about getting at least 1 BTC. I have been in a little bit of a daze trying to figure out how to scratch together purchase funds for that. Before you posted that—thinking, Need 1 BTC. Wrote to a friend that I need at least 1 BTC before I die. Not even thinking about riches—it is a much deeper need for me, 1 BTC. Then, your post... I sat staring at your post, pondering it. I shot my bolt with stablecoin reserves avoiding liquidation on the way down to $30k. I typically keep only enough local fiat in the bank for immediate necessities, which are indeed necessities—I spend little, so it is a negligible amount; anyway, there is a privacy firewall between the bank and crypto-land. That leaves volatile alts. Most are already gone. Part of remaining scraps is illiquid—locked up in staking, which takes 7–11 days to unlock (depends on the coin), or long-term locked for one large airdrop that I would have dumped long ago if it wasn’t locked. They lock those shitcoins for a reason! Altcoin protip, based on my altcoin experience: If something has any type of lockup to prevent you from dumping, that itself suggests that it probably should be dumped. Valuable things do not need lockup to inhibit people from dumping them. Bitcoin is dominant when 100% of the BTC supply is freely floating. (I have been intending to start an anti-POS thread about this financial manipulation.) The rest of what’s left is nowhere near $20k in value right now—not even near $10k. And those are things I expect to recover against BTC—swapping the thing that’s down more for the thing that’s down less is not a winning move. Of course, most altcoins never recover after they fall against BTC. Some probably will; I know the difference. The “emergency reserve” is one of those, and I don’t have much of it left for any emergencies of an immediate life-or-death nature. In the past six years, it has not kept up with BTC’s rises; it has overall lost about 97% against BTC, even as it rises somewhat against the dollar. But it bounces back pretty well against BTC when both crash hard in a bear market, sometimes even starting before BTC bounces. To get together $20k (or soon, $21k if we’re bouncing?) dollar cash ASAP is very far out of reach for me right now. The margin account ate the assets that I could have used for such a thing. Needless to say, I have been mulling a strategy to liquidate scraps in various potential near-future market conditions, to piece together a portion of a bitcoin. Trying to estimate how to time what, to get the most BTC I can. To give myself a headstart back towards 1 BTC.
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Lucius
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Crypto Swap Exchange🈺
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June 15, 2022, 11:15:48 AM |
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vapourminer
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Activity: 4466
Merit: 4011
what is this "brake pedal" you speak of?
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June 15, 2022, 11:17:02 AM |
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EDIT: At least, i can extend my list of hobbies:
6. catching knives
more like catching falling chainsaws at this point. next up: catching falling black holes
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death_wish
Member
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Activity: 70
Merit: 320
Take profit in BTC. Account PnL in BTC. BTC=money.
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EDIT: At least, i can extend my list of hobbies:
6. catching knives
more like catching falling chainsaws at this point. next up: catching falling black holesThat’s called a margin account. When it goes bad, and you keep throwing good money after bad. If I had written off my BTC months ago and just kept other assets intact, then I would probably be able to buy at least 2–3 BTC right now—maybe more.
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somac.
Legendary
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Activity: 2105
Merit: 1238
Never selling
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June 15, 2022, 11:27:23 AM Last edit: June 15, 2022, 12:02:32 PM by somac. |
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@death_wish: aim for one (1) BTC. This should be enough to set you up for life. Now is a golden opportunity to get it at a very low (relatively speaking) price point.
Thank you kindly. You are right about getting at least 1 BTC. I have been in a little bit of a daze trying to figure out how to scratch together purchase funds for that. Before you posted that—thinking, Need 1 BTC. Wrote to a friend that I need at least 1 BTC before I die. Not even thinking about riches—it is a much deeper need for me, 1 BTC. Then, your post... I sat staring at your post, pondering it. I shot my bolt with stablecoin reserves avoiding liquidation on the way down to $30k. I typically keep only enough local fiat in the bank for immediate necessities, which are indeed necessities—I spend little, so it is a negligible amount; anyway, there is a privacy firewall between the bank and crypto-land. That leaves volatile alts. Most are already gone. Part of remaining scraps is illiquid—locked up in staking, which takes 7–11 days to unlock (depends on the coin), or long-term locked for one large airdrop that I would have dumped long ago if it wasn’t locked. They lock those shitcoins for a reason! Altcoin protip, based on my altcoin experience: If something has any type of lockup to prevent you from dumping, that itself suggests that it probably should be dumped. Valuable things do not need lockup to inhibit people from dumping them. Bitcoin is dominant when 100% of the BTC supply is freely floating. (I have been intending to start an anti-POS thread about this financial manipulation.) The rest of what’s left is nowhere near $20k in value right now—not even near $10k. And those are things I expect to recover against BTC—swapping the thing that’s down more for the thing that’s down less is not a winning move. Of course, most altcoins never recover after they fall against BTC. Some probably will; I know the difference. The “emergency reserve” is one of those, and I don’t have much of it left for any emergencies of an immediate life-or-death nature. In the past six years, it has not kept up with BTC’s rises; it has overall lost about 97% against BTC, even as it rises somewhat against the dollar. But it bounces back pretty well against BTC when both crash hard in a bear market, sometimes even starting before BTC bounces. To get together $20k (or soon, $21k if we’re bouncing?) dollar cash ASAP is very far out of reach for me right now. The margin account ate the assets that I could have used for such a thing. Needless to say, I have been mulling a strategy to liquidate scraps in various potential near-future market conditions, to piece together a portion of a bitcoin. Trying to estimate how to time what, to get the most BTC I can. To give myself a headstart back towards 1 BTC. You must be able to get payment for your labor one way or another. Just dedicate a portion of it to buying BTC on a regular basis and you'll probably get to 1 BTC. It won't happen quickly but it will slowly build. And even if you only got 0.5 BTC or 0.25 BTC that is still a hell of lot when you consider there is only 21 million of them. I feel for you and I hope you can get back on your feet.
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empowering
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Activity: 1078
Merit: 1441
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June 15, 2022, 11:34:46 AM Merited by buwaytress (1) |
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@ImThour Sobs despairingly at good-old-loyal-boi 200MA. It's not over yet but agree, Fed news will move something big. Everyone's expecting up to a full point, majority 0.75 so anything more than that and we'll definitely visit 16k. I'm hoping Powell does a silly and we get half point instead, then we find some 30k respite.
Doesn't matter in the long run, but I'd really like to be not-so-stressed right now heh.
The 200 WMA you mean ? Is it Sunday already ? who knew
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El duderino_
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Activity: 2646
Merit: 12959
BTC + Crossfit, living life.
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June 15, 2022, 11:44:09 AM |
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Those with humor in a dive…. Are the ones who get it….
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BitcoinBunny
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Far, Far, Far Right Thug
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June 15, 2022, 11:59:06 AM Merited by JayJuanGee (1) |
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Back over $21K
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pakhitheboss
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June 15, 2022, 12:03:16 PM |
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Another stable USDD not looking good. This can become a big issue with the current market situation as USDD is backed by the Tron DAO network. At the moment the value is well below $1 not by a 1 cent but by 4 cents.
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ChartBuddy
Legendary
Online
Activity: 2310
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 15, 2022, 12:04:59 PM |
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somac.
Legendary
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Activity: 2105
Merit: 1238
Never selling
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June 15, 2022, 12:10:39 PM |
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Another stable USDD not looking good. This can become a big issue with the current market situation as USDD is backed by the Tron DAO network. At the moment the value is well below $1 not by a 1 cent but by 4 cents. USDD has a market cap of less than a billion. I feel the fallout from that should not be too big, however, it will be another fear moment and some selling will probably happen because of it. These disasters and other FUD are probably going to go on for a while. I guess the way we know that the BTC price has bottomed is when it no longer reacts.
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