BTC (or crypto in general) >> PREDICTED DROP TO 18K. WHAT'S NEXT?

[LangePara]

You said you've been in cryptocurrency since 2014 and yet you didn't know about the word "volatility"? Bearish market and bullish market exist, and I don't know why you're crying about Bitcoin going down. It's just a normal scenario for all of us who understands how this thing works. Buying and holding is a choice, so why do you want to hear our opinion if you're not willing to listen and will just contradict everything?

Whats the point of listening to people that don't know how this market works? Yeah you got it right, bear market and bull market. But do you know when one occurs? Not many do

This post is gonna age super well, we got another big lawsuit from xrp coming. I am 99% certain that they'll lose because Ripple Labs are criminals. And the people that invest in XRP are idiots aswell. Hoping to see them out of the top-10 aswell and I am ready to go.

XRP isn't even suitable anymore for settlement when compared to something like Cardano or Polkadot. It's like a bank choosing to use Morse Code for communications. XRP is now just a shitcoin in the alts market being heavily traded just because it exists, not because it's useful or will be used for anything. One day the market is going to fully realize that and dump it.

[Webetcoins]

The basic reason why people need crypto is because we don't have to trust a centralized system.
But the idea of ​​a stablecoin is we have to believe that it is backed by a dollar-denominated or other asset with a fair value that is at least the same as fiat money. In fact more than a year the market capitalization of stablecoins grew more than 20 times and never stop.
That's what worries me, what if they just continue to mint stablecoin without being backed up 100%.
I believe in human greed so i think sooner or later the cryptocurrency market will crash because of stablecoins

Just because we do not trust fiat and the centralized nature of it, and then come in here and use USDT never made sense to me. If I am going to have my money in dollars, then why use USDT or busd? Just use regular dollars, I can hold it and see it and I trust the value of it.

However, stablecoins never made sense to me because I am giving my crypto to some guy, and saying that give me some dollars in return and I trust you to give me this much dollars when I ask you to, why would I trust Tether to do that? They will certainly keep on printing more and more and more, and eventually they will make so much money that they won't care about any of us.

[LangePara]

The basic reason why people need crypto is because we don't have to trust a centralized system.
But the idea of ​​a stablecoin is we have to believe that it is backed by a dollar-denominated or other asset with a fair value that is at least the same as fiat money. In fact more than a year the market capitalization of stablecoins grew more than 20 times and never stop.
That's what worries me, what if they just continue to mint stablecoin without being backed up 100%.
I believe in human greed so i think sooner or later the cryptocurrency market will crash because of stablecoins

Just because we do not trust fiat and the centralized nature of it, and then come in here and use USDT never made sense to me. If I am going to have my money in dollars, then why use USDT or busd? Just use regular dollars, I can hold it and see it and I trust the value of it.

However, stablecoins never made sense to me because I am giving my crypto to some guy, and saying that give me some dollars in return and I trust you to give me this much dollars when I ask you to, why would I trust Tether to do that? They will certainly keep on printing more and more and more, and eventually they will make so much money that they won't care about any of us.

Stop speaking so much facts bro. Stack BTC and HODL. Me, and you, both know where this market is gonna end.

[Lanatsa]

The basic reason why people need crypto is because we don't have to trust a centralized system.
But the idea of ​​a stablecoin is we have to believe that it is backed by a dollar-denominated or other asset with a fair value that is at least the same as fiat money. In fact more than a year the market capitalization of stablecoins grew more than 20 times and never stop.
That's what worries me, what if they just continue to mint stablecoin without being backed up 100%.
I believe in human greed so i think sooner or later the cryptocurrency market will crash because of stablecoins

Just because we do not trust fiat and the centralized nature of it, and then come in here and use USDT never made sense to me. If I am going to have my money in dollars, then why use USDT or busd? Just use regular dollars, I can hold it and see it and I trust the value of it.

However, stablecoins never made sense to me because I am giving my crypto to some guy, and saying that give me some dollars in return and I trust you to give me this much dollars when I ask you to, why would I trust Tether to do that? They will certainly keep on printing more and more and more, and eventually they will make so much money that they won't care about any of us.

This is what do some saying about stable coins which some are against with the idea but there are some who do really trust up that hard about into its existence just because they dont really like that inflation
problem towards fiat/dollars.

I do see some wrong concept or idea of some people toward Stable coins and do make out support of it no matter what.So the best thing to be done is just letting those
people do engage on things which they do like.Even if you do tend to convince nor giving out some advises then for sure they wont really be listening.

[LangePara]

Atm we got MANY things going on in the world that will have an impact on the cryptocurrency world. We got Covid19, Evergrande, politics, taxing, housing market, etc. etc.
https://i.imgur.com/hdXOC2x.png

Looks like everything is taking it's toll am I right guys

My buy target still hasn't been hit. I am still 90% stable and 10% like ETH, which I couldn't give 2 fucks about at this point.

Edit: updated thread with date stamp

[LangePara]

BTC at 20k
ETH at 1k

Like I said I am DCA'ing heavy at 18k BTC. But we might drop lower if shit hits the fan. Be prepared yall, this topic started at 48k and now we almost at 18k

[Leebabe]

Cryptocurrency is the future despite showing how unstable it can be in recent times. It is a work in progress even though it has made a lot of people today rich and very rich. With an unstable economy comes unstable market. The bear is here but the bull would definitely surface again.Getting BTC is a good idea but be able to hodl because it would definitely go below your entry point before the bull season comes

[livingfree]

BTC at 20k
ETH at 1k

Like I said I am DCA'ing heavy at 18k BTC. But we might drop lower if shit hits the fan. Be prepared yall, this topic started at 48k and now we almost at 18k

It might continue to drop.

People should do what you do.

You're doing it easy and simple by just DCAing and minding your own portfolio instead of asking when it will recover just like the usual questions that we're seeing from the majority.

They should act upon instead of questioning if the market will recover eventually.

[sklopan]

In fact, both options are quite similar to each other. A lot of crypto depends on bitcoin, so to speak. Although in general, the connection of the entire cryptocurrency is quite noticeable.

[el kaka22]

It's clear that nobody really knows when bear will happen or when bull will happen. We are just making predictions and most of us are usually wrong about that too. Just realize that the best thing you could do right now would be to make sure that you are holding and not making crazy moves, that would mean that you will be profiting in the future when the price goes up.

Anything outside of that would be a crazy guess and you will not be making a profit most likely. So just hold, wait, and eventually you will make a profit, do not do anything crazy that could risk all of your money, and this way you will be able to say that you waited and did the right thing.

[LangePara]

BTC at 20k
ETH at 1k

Like I said I am DCA'ing heavy at 18k BTC. But we might drop lower if shit hits the fan. Be prepared yall, this topic started at 48k and now we almost at 18k

It might continue to drop.

People should do what you do.

You're doing it easy and simple by just DCAing and minding your own portfolio instead of asking when it will recover just like the usual questions that we're seeing from the majority.

They should act upon instead of questioning if the market will recover eventually.

Fear is what makes this market run. Idiots and fear :_)

[LangePara]

BTC at 20k
ETH at 1k

Like I said I am DCA'ing heavy at 18k BTC. But we might drop lower if shit hits the fan. Be prepared yall, this topic started at 48k and now we almost at 18k

UPDATE: BOUGHT BACK IN + UPDATED THREAD

I wanna see the bashers back on this thread and apologize to me for being wrong. Love you all xx

[LangePara]

Updated the thread kinda. What is everyones point atm on the latest price actions. I am curious.

My personal opinion is that we've bottomed around here. We might see some spikes here and there to take up liquidations, but I see us moving up from here on.

Again, I am gonna hold and not gonna sell. I bought the absolute bottom (I pray I did). I know my ego is super big right now, but come in here and let's talk I litterly don't care if u were against me at first.

The biggest buy signal is if we retest 18k. You heard it here first folks.

[LangePara]

CZ n FTX will lead this drop.

^ RE READ THIS AGAIN U MFERS. $$$ TALKS BABY THIS IS FOR THE 1%

[LangePara]

Remember when I said:

Welcome to this bear market friend. We won't recover for the next 1-2 years. GLHF playing the game.

I hope everyone saved CASH and protected their liq. The crypto market is about to make a second bottom in a few months. This will be the 23k range most likely after.

[LangePara]

CZ n FTX will lead this drop.

^ RE READ THIS AGAIN U MFERS. $$$ TALKS BABY THIS IS FOR THE 1%

Feels so good to have “predicted” the FTX drop. Money talks baby. I am back who has missed me?

Soon big BTC update 2.0
Love y’all

[henmark]

Updated the thread kinda. What is everyones point atm on the latest price actions. I am curious.

My personal opinion is that we've bottomed around here. We might see some spikes here and there to take up liquidations, but I see us moving up from here on.

Again, I am gonna hold and not gonna sell. I bought the absolute bottom (I pray I did). I know my ego is super big right now, but come in here and let's talk I litterly don't care if u were against me at first.

The biggest buy signal is if we retest 18k. You heard it here first folks.

Don't mind but I really don't think 18k is possible anymore. I see a good upward trend considering the price action for a couple of months. Bitcoins are gaining some momentum in a couple of days after staying above $105k and are not able to break the support. Next resistance levels are quick up and show a positive sign. Even I won't sell right now. Holding & patience will be the key to enjoy the bull ride. I really want to experience a good bull run so I can tell the next generation how everything is possible in the world of cryptos where even after a good pump & holding the pump, came another big pump.

If you don't mind, how did you end up on 18k as bottom line? I'm pretty sure there will be blood bath even if bitcoin crashes below $50k. So $18k almost seems impossible. But yes, I've heard it first from you so if in case we see 18k, you'll have my huge respect.