Charts are long-term Bad. Crypto is gonna get uglier. Listen to Spoetnik

[pianomikey]

I just found this forum a few days ago after seeing the price go to $7xxx. I got a little interested in maybe buying the dip for long term investment, or at least seeing what is new in the Bitcoin scene, since I played around with it in 2011 or 2012 or so. I'm interested in the possibilities of crypto currency. However:

What I have found perusing these forums is that crypto has gone absolutely batshit insane and it is impossible to find anything even resembling true technical discussion. This place has become an echo chamber of a million English-Second-Language greedy naive children.

If you've done even 15 minutes of actual chart exchange study, you can see that anybody "buying the dips" on this "product" is just lighting money on fire.

If you bought at $1000, congrats, you got in on the ground floor (which was actually less than $1 but I doubt anybody here cares about that). If you bought at $10,000, cut your losses and soon. Progressively lower highs for over month bode extremely poorly. The long-term technical damage to the chart has made it screamingly clear that this is an asset bubble, and a real humdinger.

Spoetnik: if you're still here, thanks. You probably didn't save me anything since this community and the charts themselves scream "speculative bubble bursting", but you've probably saved hundreds of unsophisticated lurkers from getting destroyed.

Good luck, India, China, Singapore, Japan, Russia, or wherever the hell most of you are from. You will need it.

[1714036691]

1714036691

[1714036691]

1714036691

[btcgreen63]

No one knows where the markets will go.

[Drunkenhorse]

It is very difficult to guess where it will go, but you can make analysis in accordance with current news.

[emoji00]

I just found this forum a few days ago after seeing the price go to $7xxx. I got a little interested in maybe buying the dip for long term investment, or at least seeing what is new in the Bitcoin scene, since I played around with it in 2011 or 2012 or so. I'm interested in the possibilities of crypto currency. However:

What I have found perusing these forums is that crypto has gone absolutely batshit insane and it is impossible to find anything even resembling true technical discussion. This place has become an echo chamber of a million English-Second-Language greedy naive children.

If you've done even 15 minutes of actual chart exchange study, you can see that anybody "buying the dips" on this "product" is just lighting money on fire.

If you bought at $1000, congrats, you got in on the ground floor (which was actually less than $1 but I doubt anybody here cares about that). If you bought at $10,000, cut your losses and soon. Progressively lower highs for over month bode extremely poorly. The long-term technical damage to the chart has made it screamingly clear that this is an asset bubble, and a real humdinger.

Spoetnik: if you're still here, thanks. You probably didn't save me anything since this community and the charts themselves scream "speculative bubble bursting", but you've probably saved hundreds of unsophisticated lurkers from getting destroyed.

Good luck, India, China, Singapore, Japan, Russia, or wherever the hell most of you are from. You will need it.

Yet another newby user (that is probably just an alt of someone) predicting disaster, oh well. There are several things I have noticed on this forum: a) People have got used to FUD b) People have been used to bitcoin falling hard, and going up hard.

... and c) People like you have gotten used to spreading opinion without feeling any particular need to support it with any data whatsoever.

[gopnik]

stop the FUD

dump and take your loss if you wish but there are much more chances to see the cryptos moon in the long term than the opposite. This given the historical performance of bitcoin and ethereum and the exponential number of investor signing up on a daily basis

If you shit your pants because of 50% swings then you probably haven't been around for long enough to understand how it works

[mysacrifice]

I just found this forum a few days ago after seeing the price go to $7xxx. I got a little interested in maybe buying the dip for long term investment, or at least seeing what is new in the Bitcoin scene, since I played around with it in 2011 or 2012 or so. I'm interested in the possibilities of crypto currency. However:

What I have found perusing these forums is that crypto has gone absolutely batshit insane and it is impossible to find anything even resembling true technical discussion. This place has become an echo chamber of a million English-Second-Language greedy naive children.

If you've done even 15 minutes of actual chart exchange study, you can see that anybody "buying the dips" on this "product" is just lighting money on fire.

If you bought at $1000, congrats, you got in on the ground floor (which was actually less than $1 but I doubt anybody here cares about that). If you bought at $10,000, cut your losses and soon. Progressively lower highs for over month bode extremely poorly. The long-term technical damage to the chart has made it screamingly clear that this is an asset bubble, and a real humdinger.

Spoetnik: if you're still here, thanks. You probably didn't save me anything since this community and the charts themselves scream "speculative bubble bursting", but you've probably saved hundreds of unsophisticated lurkers from getting destroyed.

Good luck, India, China, Singapore, Japan, Russia, or wherever the hell most of you are from. You will need it.

Yet another newby user (that is probably just an alt of someone) predicting disaster, oh well. There are several things I have noticed on this forum: a) People have got used to FUD b) People have been used to bitcoin falling hard, and going up hard.

... and c) People like you have gotten used to spreading opinion without feeling any particular need to support it with any data whatsoever.

Truly. If you believe in that piece of information you read, then you don't really know anything about technical analysis. Just open 5 years long price chart and see the big picture. Then you'll understand what I mean.

[coinlawyer]

Its really funny  to hear this from the newbie user. But maybe You`re one that got in and bought BTC whren the price was about 20k $.

[squatz1]

I wouldn't trust anyone when it comes to charting, as no one knows what the hell is going on and that's the truth of the matter and the market as a whole. The market could go up, the market could go down and we would all just have to simply live with it. Charters looked like they knew all when bitcoin was booming up to 20k, but now they seem like they're dumb cause bitcoin is busting right through their support lines with ease -- who knows what's going on.

Simply watch, that's all you can do.

[zoran.drobnjak]

... an echo chamber of a million English-Second-Language greedy naive children...
...Good luck, India, China, Singapore, Japan, Russia, or wherever the hell most of you are from. You will need it...

Your intonation is highly inappropriate and uncivilized due to expressing correlation of greed, naivety, childishness and overall negativity with "Non-English-First-Language" jurisdictions of our planet. As far as a TA indicators show we are in a downtrend but that has nothing to do with geography, actually it isn't such a big thing after-all uncharacteristic for crypto.

In fact, Cryptoverse is once in a lifetime development opportunity for "Non-First-World" countries and it could become their vehicle to catch-up with old centers of financial and political power.

[alyssa85]

If you bought at $1000, congrats, you got in on the ground floor (which was actually less than $1 but I doubt anybody here cares about that). If you bought at $10,000, cut your losses and soon. Progressively lower highs for over month bode extremely poorly. The long-term technical damage to the chart has made it screamingly clear that this is an asset bubble, and a real humdinger.

Even if you bought at $10,000, as long as this is money you don't actually need, you don't need to sell and cut your losses. There is another option, which is to lend your coins out on Poloniex. Your total stash in bitcoin will then accumulate, which lowers your average purchase price, and you can then simply wait for the market to turn. This is what loads of people did when bitcoin went into a bear market in 2014-15.

You only need to sell and crystallise your loss if you desperately need the money for something else.

[marcuslong]

If you bought at $1000, congrats, you got in on the ground floor (which was actually less than $1 but I doubt anybody here cares about that). If you bought at $10,000, cut your losses and soon. Progressively lower highs for over month bode extremely poorly. The long-term technical damage to the chart has made it screamingly clear that this is an asset bubble, and a real humdinger.

Even if you bought at $10,000, as long as this is money you don't actually need, you don't need to sell and cut your losses. There is another option, which is to lend your coins out on Poloniex. Your total stash in bitcoin will then accumulate, which lowers your average purchase price, and you can then simply wait for the market to turn. This is what loads of people did when bitcoin went into a bear market in 2014-15.

You only need to sell and crystallise your loss if you desperately need the money for something else.

I partly agreed on how you seen it positive even if you needed to sell your asset just to compensate the losses. But, I think its not a good mindset that if you in need of money you immediately sell what you only have wanted to. The good thing about it is too always think about how your crypto will soar high, even though some people may think that its getting uglier with the current dip of bitcoin price towards trading scenarios.

[Wind_FURY]

I just found this forum a few days ago after seeing the price go to $7xxx. I got a little interested in maybe buying the dip for long term investment, or at least seeing what is new in the Bitcoin scene, since I played around with it in 2011 or 2012 or so. I'm interested in the possibilities of crypto currency. However:

Spoetnik: if you're still here, thanks. You probably didn't save me anything since this community and the charts themselves scream "speculative bubble bursting", but you've probably saved hundreds of unsophisticated lurkers from getting destroyed.

Good luck, India, China, Singapore, Japan, Russia, or wherever the hell most of you are from. You will need it.

You found this forum "a few days ago" and yet you already have seen Spoetnik and praise him for having some lurkers here "save them from getting destroyed".

Why not admit that you are an alt account of someone here created to troll us. That much is clear.

Maybe you should also go see Kwukduck.

What I have found perusing these forums is that crypto has gone absolutely batshit insane and it is impossible to find anything even resembling true technical discussion. This place has become an echo chamber of a million English-Second-Language greedy naive children.

Everyone already knows this. It has been like this thanks to alt account and the users who control them and maintaining this echo chamber.

If you've done even 15 minutes of actual chart exchange study, you can see that anybody "buying the dips" on this "product" is just lighting money on fire.

This is not true. I have been buying the dip since 2016 and I am still up. It depends on when you "buy the dip". If you do that now then you are dead. Hahaha.

If you bought at $1000, congrats, you got in on the ground floor (which was actually less than $1 but I doubt anybody here cares about that). If you bought at $10,000, cut your losses and soon. Progressively lower highs for over month bode extremely poorly. The long-term technical damage to the chart has made it screamingly clear that this is an asset bubble, and a real humdinger.

From my point of view it is the time to start watching the mother of all dips.