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Author Topic: What goes up must come down  (Read 437 times)
arwin100
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May 21, 2021, 09:59:00 PM
 #21

Many people miss to see this since majority keep looking to see more pump and thinking that we can shoot up more, I myself think that to but when I see a big fuds like currently what happen now I already secured my funds to usdt so that I will not left bag holding any alts and buy when the storm calm again. Bitcoin seems going for more dump since the threat still there but hopefully we cannot see more upsetting dumps since I'm sure many bag holders will be produce by this huge marker crash happening these days.

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May 21, 2021, 10:14:04 PM
 #22

Just accept it man, Bitcoin is death. From here we go to single digits. It's over. The tulp mania topped out. Ponzi scheme finally imploded. Sell all before it's too late. İf you would have listened to all the threads back in 2013 and sold everything it would have been the best thing you could do. Just exit this scam and hold things with real value like fiat. Bye.

A fellow mathematician I see.

Your fellow mathematician seems to be a hacked account in 2018? Lol
Sold everything in 2013 and cry in 2021, I'm impressed with the Mathematics right there  Grin
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May 21, 2021, 10:33:38 PM
 #23

Many people miss to see this since majority keep looking to see more pump and thinking that we can shoot up more, I myself think that to but when I see a big fuds like currently what happen now I already secured my funds to usdt so that I will not left bag holding any alts and buy when the storm calm again. Bitcoin seems going for more dump since the threat still there but hopefully we cannot see more upsetting dumps since I'm sure many bag holders will be produce by this huge marker crash happening these days.
It is much better to secure assets to fiat to secure it from falling continuously for me this is still not calm enough and bitcoin will continue to be thrown away after many threats from FUD news do not stop thinking this will continue who knows how long it will end, but I realized only recently a few days bitcoin dump feels like it will still be recovering even it is difficult to say in the near future so we still have to look at the situation.

It's really a market crash I don't want to keep any coins in my bag except the fiat which I secure it is better not to fall for the price drops even this could be even worse than the current lowest price.

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May 21, 2021, 10:40:42 PM
 #24

Many people miss to see this since majority keep looking to see more pump and thinking that we can shoot up more, I myself think that to but when I see a big fuds like currently what happen now I already secured my funds to usdt so that I will not left bag holding any alts and buy when the storm calm again. Bitcoin seems going for more dump since the threat still there but hopefully we cannot see more upsetting dumps since I'm sure many bag holders will be produce by this huge marker crash happening these days.
It is much better to secure assets to fiat to secure it from falling continuously for me this is still not calm enough and bitcoin will continue to be thrown away after many threats from FUD news do not stop thinking this will continue who knows how long it will end, but I realized only recently a few days bitcoin dump feels like it will still be recovering even it is difficult to say in the near future so we still have to look at the situation.

It's really a market crash I don't want to keep any coins in my bag except the fiat which I secure it is better not to fall for the price drops even this could be even worse than the current lowest price.

Stable coins are very helpful in this crashing market. As we are not sure what will happen next, sometimes, it is good to convert your crypto to your fiat or stable coin, and just go back when the market is going green again. However, it still depends on your strategy, some will buy more promising alts as they are eyeing for potential profits in the future. But I believe the crash will be different this time, as there are so many institutions involved, even big companies that are in play in this market, the crash will not hit rock bottom.
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May 21, 2021, 11:44:18 PM
 #25

Many people miss to see this since majority keep looking to see more pump and thinking that we can shoot up more, I myself think that to but when I see a big fuds like currently what happen now I already secured my funds to usdt so that I will not left bag holding any alts and buy when the storm calm again. Bitcoin seems going for more dump since the threat still there but hopefully we cannot see more upsetting dumps since I'm sure many bag holders will be produce by this huge marker crash happening these days.
It is much better to secure assets to fiat to secure it from falling continuously for me this is still not calm enough and bitcoin will continue to be thrown away after many threats from FUD news do not stop thinking this will continue who knows how long it will end, but I realized only recently a few days bitcoin dump feels like it will still be recovering even it is difficult to say in the near future so we still have to look at the situation.

It's really a market crash I don't want to keep any coins in my bag except the fiat which I secure it is better not to fall for the price drops even this could be even worse than the current lowest price.
This is where knowledge will differ in each person and if you do able to save up yourself before the crash then that was a good move because the market had eventually crashed and if you havent
then you had just missed out that opportunity. Its true that what goes up would always comes down because this wont be called a market if we would only be moving in one path.
So its up to someone on how they would be saving up their ass on in times like these because there would always be a time on where we do really have some corrections like this.
So you should be wise from time to time.
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May 22, 2021, 04:48:37 AM
 #26

A fellow mathematician I see.
You can't call yourself mathematician just cause you taught you think that the prices will never go up again, do you have an equation or something that a mathematician would have to prove that the prices are never going to go up, I always see your FUD that it won't go up because you have proven it "scientifically" or "mathematically" but there are no proofs to be given.

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May 22, 2021, 04:58:13 AM
 #27

Bitcoin might be on a bear market, however, it is very impressive on how far it has gone to reach a new level of bagholders. For the next 4 years we are together with famous athletes like Tom Brady and Sean Culkin. Laser eyes from Brady, Sean Culkin doubled his position this week hehehehee.

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https://mobile.twitter.com/culkin22/status/1395936897524932611

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May 22, 2021, 05:08:44 PM
 #28

This is the 3rd or 4th time Bitcoin has Shot up to ATHs nearly vertical and then corrected itself. Should not be surprising to anyone at this point.
You are right but this time the correction was just too big to digest. I know it was going to drop at some point but so much support from so many angles led me to believe that it won't drop that much this because surely we have enough investors holding this time.

I have been saying for months that Bitcoin will most likely drop back down to the 20k range. Just look at the chart from 2018!
I wish I saw what you said but I still don't think I would have believed the way Bitcoin was cruising nicely that it would drop that much. Now that I have seen it with my open eyes, I still fail to understand how this keeps happening.

Similarly when it drops somehow people panic sell knowing it would go higher but that's just human tendency we cannot believe something that is coming down and cannot doubt what's going up in terms of the price of an asset.

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May 22, 2021, 07:57:43 PM
 #29

-skip-
This is where knowledge will differ in each person and if you do able to save up yourself before the crash then that was a good move because the market had eventually crashed and if you havent
then you had just missed out that opportunity. Its true that what goes up would always comes down because this wont be called a market if we would only be moving in one path.
So its up to someone on how they would be saving up their ass on in times like these because there would always be a time on where we do really have some corrections like this.
So you should be wise from time to time.
well I don't want big losses in conditions like this so I move my assets to fiat while waiting for this correction to finish, but this is also me while looking at how the movement in the market and if there is an opportunity then I will not pass it, of course in this case it is very vulnerable if we choose the wrong choice even though this is already a risk, I will continue to try to avoid it and do not want large losses to repeat itself as before.
There are at least some signs of sight and the market looks green again and there is lots of positive news about cryptos so there will usually be a recovery back to the way it was.

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May 22, 2021, 09:49:01 PM
 #30

Yes. But just a reminder, what goes up doesn't come down in a straight line  Wink

It's not an end to the bull run for btc, but it is also not going to continue the way it started off. First Elon, then China, both of them crashed the whole crypto but I look it as a positive sign as correction was important, so it came and higher are the chances that it will continue, but we are getting btc and altcoins for discounted values, so why bothered so much? Should buy and wait for the remaining partial bull run.
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May 22, 2021, 10:00:04 PM
 #31

-skip-
This is where knowledge will differ in each person and if you do able to save up yourself before the crash then that was a good move because the market had eventually crashed and if you havent
then you had just missed out that opportunity. Its true that what goes up would always comes down because this wont be called a market if we would only be moving in one path.
So its up to someone on how they would be saving up their ass on in times like these because there would always be a time on where we do really have some corrections like this.
So you should be wise from time to time.
well I don't want big losses in conditions like this so I move my assets to fiat while waiting for this correction to finish, but this is also me while looking at how the movement in the market and if there is an opportunity then I will not pass it, of course in this case it is very vulnerable if we choose the wrong choice even though this is already a risk, I will continue to try to avoid it and do not want large losses to repeat itself as before.
There are at least some signs of sight and the market looks green again and there is lots of positive news about cryptos so there will usually be a recovery back to the way it was.
Depends on each person on how they would see a certain situation and make out analysis from it and make out some possible plans or movements or steps whenever theres a sign of some
movement where you can easily make yourself get out and save up yourself on possible loss.So its a bit involving some luck when it comes to these calls.
Yes, its true that what goes up must come down and i said that this market wont really be moving in single path and it cant be called a market
if we do just see that it do continue to rise without any correction and price decrease.
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May 22, 2021, 11:00:19 PM
 #32

Just accept it man, Bitcoin is death. From here we go to single digits. It's over. The tulp mania topped out. Ponzi scheme finally imploded. Sell all before it's too late. İf you would have listened to all the threads back in 2013 and sold everything it would have been the best thing you could do. Just exit this scam and hold things with real value like fiat. Bye.

A fellow mathematician I see.

Your fellow mathematician seems to be a hacked account in 2018? Lol
Sold everything in 2013 and cry in 2021, I'm impressed with the Mathematics right there  Grin

My account got not hacked. Some people just have to understand sarcasm. Nobody is crying here. I hold since 2013. That tiny correction, no big deal.
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May 22, 2021, 11:07:00 PM
 #33

Yes. But just a reminder, what goes up doesn't come down in a straight line  Wink

It's not an end to the bull run for btc, but it is also not going to continue the way it started off. First Elon, then China, both of them crashed the whole crypto but I look it as a positive sign as correction was important, so it came and higher are the chances that it will continue, but we are getting btc and altcoins for discounted values, so why bothered so much? Should buy and wait for the remaining partial bull run.

I never thought it would go this high. And I never thought it would go this low. My investment case for bitcoin has always been that it is a store of value; an item of access to wealth. The fact that it is such a disruptive technology is secondary.

But, Bitcoin is a technology. Just like Gutenberg's printing press, it is changing the way we do transactions. For now, it is still at a critical inflection point and no one knows how well it will fare when the world and our demands change in the next few years.

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magneto
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May 23, 2021, 10:56:59 PM
 #34

I don't think that this will be a repeat of 2018 per se.

The market is much more developed now with loads of institutional interest that won't just sell off because of a minor downturn in the markets. The resilience of the overall cryptosphere will be greatly strengthened with companies like Microstrategy that are committed to buying the dip and hence stabilising the price action.

Now of course, the bear market will come, and this is the start of it most likely. But I'm just saying that it likely won't be as protracted and bleak as last time.
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May 23, 2021, 11:04:51 PM
 #35

Many people miss to see this since majority keep looking to see more pump and thinking that we can shoot up more, I myself think that to but when I see a big fuds like currently what happen now I already secured my funds to usdt so that I will not left bag holding any alts and buy when the storm calm again. Bitcoin seems going for more dump since the threat still there but hopefully we cannot see more upsetting dumps since I'm sure many bag holders will be produce by this huge marker crash happening these days.
It is much better to secure assets to fiat to secure it from falling continuously for me this is still not calm enough and bitcoin will continue to be thrown away after many threats from FUD news do not stop thinking this will continue who knows how long it will end, but I realized only recently a few days bitcoin dump feels like it will still be recovering even it is difficult to say in the near future so we still have to look at the situation.

It's really a market crash I don't want to keep any coins in my bag except the fiat which I secure it is better not to fall for the price drops even this could be even worse than the current lowest price.

Now the crash is really alarming and better to secure our funds on stable coins and but for those people who got stuck at the top I guess its up to them if they do cutloss our grabs some funds to buy again at cheap on the market since for this they can possibly recover and have hodl balance for long term.

I guess we can experience more dumps and I expect more fear will spread due to the current continuous price drops.

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May 23, 2021, 11:16:17 PM
 #36

Yes. But just a reminder, what goes up doesn't come down in a straight line  Wink
It's not an end to the bull run for btc, but it is also not going to continue the way it started off. First Elon, then China, both of them crashed the whole crypto but I look it as a positive sign as correction was important, so it came and higher are the chances that it will continue, but we are getting btc and altcoins for discounted values, so why bothered so much? Should buy and wait for the remaining partial bull run.

I agree that we should not always look at things only from the negative side, but we must be able to see the current market crash,  there must be
a positive side. Maybe because since the beginning of this year until finally Bitcoin managed to go up to a price above $ 60k without correction,
finally there is a correction now. Since a healthy market does need correction, now is a good opportunity to buy Bitcoin and altcoins at low prices.
The most important thing in facing the current situation is our patience, because people who can be patient will get happiness in the end.

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May 26, 2021, 01:37:57 PM
Last edit: June 12, 2023, 01:15:06 AM by STT
 #37

Its always going up and back down again also, everyday pretty much but if we go up more then down its a gain so people just describe it as up.    Its pulling back right now but I'll judge it positively if it holds certain levels in that pullback.



This is the convergance of the weekly, 2 day average and also a trend up and its all about 39k.    More widely observed is the 200 day average and thats the recent ceiling to pricing, not surprising and so not really bearish to pull back from somewhere predictable.   I'll take it as positive if we keep above this area roughly about 38.8k

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May 26, 2021, 02:31:43 PM
 #38

This is probably the millionth time the price has shot up and corrected later on. This is not surprising anymore because this has always been the case with Bitcoin's price. When it has already created a new ATH, it will be due for correction sooner or later. And when it has already corrected, it will once again consolidate at a certain point, and then rise back once again, possibly creating a new ATH in the process. This is nothing new. Everybody should already be familiar with this.

See you $100,000 in a bit. 
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May 26, 2021, 08:47:34 PM
 #39

Its always going up and back down again also, everyday pretty much but if we go up more then down its a gain so people just describe it as up.    Its pulling back right now but I'll judge it positively if it holds certain levels in that pullback.


This is the convergance of the weekly, 2 day average and also a trend up and its all about 39k.    More widely observed is the 200 day average and thats the recent ceiling to pricing, not surprising and so not really bearish to pull back from somewhere predictable.   I'll take it as positive if we keep above this area roughly about 38.8k
Those candles doesnt really look bad and lets hope that it could really be able to hold or retain these levels for a while which is an indicative sign that we might really broke up this ceiling specially if its
been tested to have breakout for how many times. Actually these sideways movement is the best time for short-term traders like me to play up with those movements.
Not really a big swing but would really be considerable when making some scalping which is worth but somewhat bit risky.

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May 26, 2021, 08:49:09 PM
 #40

This is the 3rd or 4th time Bitcoin has Shot up to ATHs nearly vertical and then corrected itself. Should not be surprising to anyone at this point.

I have been saying for months that Bitcoin will most likely drop back down to the 20k range. Just look at the chart from 2018!



What do you people expect from this last bull run?
The difference is that this is not what happened during this bull run, it is true that bitcoin went up very aggressively at the end of 2017 but this was not true during this bull market in which the growth was milder.

Now is it possible that we are going to go back to the 20k levels? Yes, but to me it seems to be too soon precisely because of your observation, the market has not gone up in a parabolic way yet which is why I think this is a correction and we are yet to see the true all time high of this bull run.
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