About time it crashed

[thirdprize]

It went up at christmas as it usually does, but then it kept going up a bit.  $20-30K was about the reasonable price.

Then NFTs came along.  Like all bubbles they blew BTC up.  Then musk and doge took off and it went up further.  Finally coinbase floated and it hit is peak. 

Coinbase flopped miserably, musk started bad mouthing btc and NFTs stalled.  It was all bound to end in tears.

Honestly, i see btc back in the $20K region before the end of the month.

[Samthehero]

There is an old saying, what goes up must come down  

It was way over extended, no doubt about it. Kind of was getting ridiculous after a while. Now it just faces reality - that being it will drop hard and long.

[GeorgeJohn]

@Samthehero, has said it all with parable that what goes down will surely goes up, Bitcoin can't crash and it never be the time of cryptocurrency to end up, what actually is in position of cryptocurrency that is really making people to feel that cryptocurrency is about to crash is due to the falling price.

We all should flash back in 2018 and 2020, the price of Bitcoin because it increase to this extent, using the previous years mentioned above to compares with the level of price of Bitcoin in 2021, the merging is very clear and different, so Elon musk is one of the major factor while Bitcoin is falling in price, so believe that cryptocurrency will soon boom up highest june second week or third week.

[UserU]

That's good news, as the increase was parabolic. You guys bought the dip?

[coinycoiny]

Honestly, i see btc back in the $20K region before the end of the month.

I can see it getting there later today

[pinggoki]

If the market will crash today or for the next few days or when the bitcoin reaches $30,000 then probably it is a sign that the market will be crashed and we need to pull out our assets in order for us not to gain a huge loss. I remember there are so many people who become MOFO when the dogecoin arise and many people buy it and a lot also put on hold their money due to the sudden dump of the dogecoin. I don't want to see my fellow traders experience those kinds of losses.

[virtualdn]

Meanwhile Dogecoin is sinking like a tank... down to 21 cent in 1 minute!!  I told you guys but you never listened, you like listening only to your master Elon Musk, you'll get musked in the end.

[thirdprize]

Honestly, i see btc back in the $20K region before the end of the month.

I can see it getting there later today

You could be right. 

[xonar2]

What infuriates me the brokers wont allow you to buy anything.

Either the transaction fails or it says I must wait 2-3 days for it to finish.

Making it impossible to buy the dip.

[Mutt1979]

Careful what we wish for!!

Fight the crash!

Burn addresses:

DOGE
DMsxe9eBRCqYfgQe2UboKjYxx4RLroaAB1

BTC
1JpDzTQWDHbdWeCdKPznSxK2SzHMGCpEQn

ETH
0x486B42c2bD135C8AB57A0f97A99F3a67E5369c28

SHIB
0xB8cA4A3087f818B72628B331256EfcF67FD9FDF3

[Altcoinsintel]

It went up at christmas as it usually does, but then it kept going up a bit.  $20-30K was about the reasonable price.

Then NFTs came along.  Like all bubbles they blew BTC up.  Then musk and doge took off and it went up further.  Finally coinbase floated and it hit is peak. 

Coinbase flopped miserably, musk started bad mouthing btc and NFTs stalled.  It was all bound to end in tears.

Honestly, i see btc back in the $20K region before the end of the month.

I see price bellow $20,000. There is no support there. What I'm afraid is that possibly not even $10,000 will hold. Maybe, not idolizing people and less fomo will help next time to find a sustainable growth, if there will be a next time.
In a few months it is possible that all models will fail. S2F, trolololo charts, Hodl ratio and everything we follow can be invalidated easily. All the signs were coming for months, increase of scams, publicity for Bitcoin and scam useless coins by celebrities, Floyd Maywether once again, stable coins excessive printing, it was going to be an innevitable disaster.

[kryptqnick]

To be honest, I was surprised it lasted so long with the price being very high for months. Also, if the price never drops below $20k, I think it would be a great success. After all, only a year ago it seemed like a great price, so I believe it still is. As for thoughts in Dogecoin in this thread, I don't think it's so simple to predict its further way. It will go down unless Elon Musk does something like start accepting it as a payment for his Teslas, and something like this seems likely to happen because he likes Doge and tweeted that he's looking into crypto solutions.

[Lordhermes]

To me the dip is still profitable to some investors that bought after pandemic fall from $3k, can you remember what happened then, the newbies into the game sold at loss and went out of position, that's insane thing to do.

Honestly, everyday is not a Christmas, and don't let it sink in your mind that you should be profiting everytime in crypto, Musk rejection on bitcoin does not necessarily means that the price will be dumped forever, if that's the case then pandemic would have crashed it down forever.

[kojektea]

I guess this is just a correction, Bitcoin needs a cleanup from Elon Musk who is currently manipulating prices. I am sure crypto will recover soon, now the signal from some telegram channels is very good. They support the hike, and make the most of this moment.

[thirdprize]

Made 0.7 eth on the dip.  I can live with that.

[Yogee]

After dropping to $30K region, Elon tweeting that Tesla has diamond hands hehe. That may mean bottom has been reached and accumulation phase is over for these people.

What infuriates me the brokers wont allow you to buy anything.

Why use broker? There are P2P options or decentralized exchanges.

[Review Master]

There is an old saying, what goes up must come down  

It was way over extended, no doubt about it. Kind of was getting ridiculous after a while. Now it just faces reality - that being it will drop hard and long.

Also the opposite can be done as well "Whatever goes down pump back"  

Looks like, everyone wants bear market as they want to fillup their portfolio with more bitcoin before it hits $100k. Big players of crypto industry are trying to make awareness not to believe any fuds, but panic users are busy to sell so that we can buy in dip. 

[stompix]

Coinbase flopped miserably, musk started bad mouthing btc and NFTs stalled. 

Haven't read the so-called bitcoin newspapers lately, now's the NFT crazed doing?
The last article with numbers and details I've read was from business insider back in April and it was something about a 30% drop in value month to month.
I can't wait till the defi craze takes a hit also, time to separate the few projects that are somewhat viable ins special cases from all the other 99% useless garbage that was just riding the fomo train.

Meanwhile Dogecoin is sinking like a tank... down to 21 cent in 1 minute!!  I told you guys but you never listened, you like listening only to your master Elon Musk, you'll get musked in the end.

It still has 30% over BTC in the last 7 days and a lot compared to a year period.
For the older bagholder the ride was still more profitable, even for those that bought after the first tweets,  for the ones that jumped on the bandwagon when Elon said it will improve it, yeah, this is one improvement everybody could live without.

If the market will crash today or for the next few days or when the bitcoin reaches $30,000 then probably it is a sign that the market will be crashed and we need to pull out our assets in order for us not to gain a huge loss.

Already reached 30k, did you sell?

[seoincorporation]

...
Honestly, i see btc back in the $20K region before the end of the month.

I don't think it could go down to $20k, the market capitalization still over $1.5T, so, it should lose another $0.5T to see that crash happening, and the market already gets drained. If people start selling big amounts now they will lose their money.

Now is the time when we see the real holders in action.

[Ararbermas]

This is the very worst year honestly so we need to accept the fact.. And hopefully next year it will become fine again like there's no such issues .
And btw for me panicking on this situation is actually not good to do wherein its always good to relax because its not the end of crypto indeed this seems a beginning..  And if it will go below 20k like what you said, then its still safe mate and still have a chance to recover like what always happen, so don't lose hope..