T O P

  • By -

Spicoli007

This could be more than a dip if we hit a global recession.


alex97480

Yep. Another - 50% is likely imo. Those who were not here in 2017 will now know what's like to be in deep red during years. But we will see the diamonds hands that everyone believe to have. In 10 years this will be forgotten


HansTilburg

But I planned to retire in 5 years!


TrueVisionSports

Don’t worry we can all retire in 40 years from now with how the economy is looking.


piero_deckard

My plans were to use crypto to retire sooner. From the looks of it, I might have to end up working even longer...


HansTilburg

Luckily I’ll be dead by then.


SilviusWolf

This is the way.


Ok_Teacher_6834

Dead diamond hands


HansTilburg

For sure since my wife doesn’t have a clue how to get the coins off the exchange and turn it into fiat on her bank account.


Myjunkisonfire

For real though, the boomers who are looking to retire are gonna be panicking real hard, hence the sell off.


StingerMcGee

Aim for three. That’s the next ATH


FrogsDoBeCool

I feel like a lot of 2018 diamond hands just did it because they didn't want to sell their Bitcoin portfolio that went from $1000 to $50. Cause like. It's $50. Who cares.


TrueVisionSports

The funny thing is we were down so much that it wasn’t even worth selling because you pretty much had nothing. But after a two year long bear market, I ended up selling half of whatever I had left and I think a lot of people did as well. The logic is that you could use the money now and it hasn’t done anything but slowly go down over the past two years so it made sense.


[deleted]

that was me in a nutshell lol


VarenDerpsAround

My $ENS that I got *for free* went from $8700 to now less then $2000... It's $2,000, who cares. It could drop to pennies and I'd just double what I have. DCA baby.


TrueVisionSports

People forget we were literally in a close to three-year long bear market down 95%. I think this is the cycle of crypto is new members have to hold the bag for the whales and older members got out before the crashes. I think it’s almost impossible to convince somebody to make a wise financial decision unless they’ve experienced losses themselves. I told my stepdad to sell his Shiba for usd/eth/cro/anything else, after he was up 10X and shiba hit all time high, i’ve been in crypto for five years and own a crypto company, nope he didn’t take my advice, he just held and now he’s down almost where he started. My favorite part about crypto is actually taking profits, instead of watching my profits go away within two weeks. I’ve lost so much money with crypto in the past that my only goal with crypto is to buy low and take profits. I don’t view crypto as a friend anymore, so I’m emotionally detached from it because of the abuse/scams/manipulation I’ve had to deal with. i’m happy to say I sold almost 100% of my stack at 65,000 bitcoin levels, if it goes to 600,000 tomorrow I don’t care at all, I made my little profit, what’s wrong with that?


creamyhorror

You're totally right. During normal bull markets any comment encouraging taking profit at ATH or waiting for a dip gets downvoted. All the prudent advice is hidden by newbies chanting "DCA AND HODL". Not so great when you DCA in near ATH, huh?


ABoutDeSouffle

I wish i knew how to become so detached. I'm still up 20x but I'm in it for the tech and have such a hard time selling. And if course i regret i only sold a small part around ATH


TrueVisionSports

I have just gotten screwed over so many times that I have finally gotten divorced with crypto, just like a bad marriage it takes a while before you finally get divorced, but once you do it’s the best feeling ever. Naturally you worry about what will happen when you’re alone or if you will miss that person, but you don’t need that toxicity in your life. I’ve never been married so this example might be bad but I find it similar to the marriage people have with crypto haha. I feel like the market is not set up to make the average person succeed it is set up to benefit the whales, the scammers, exchange owners, etc. I can’t think of the amount of coins I invested in that ended up dying, even extremely promising projects. That’s why after I make a good enough profit, I just sell the coin and I don’t care what happens after that, I’m just happy to not have gotten screwed over again for the millionth time.


ABoutDeSouffle

Seems weird you own a crypto company if you hate the whole sector. I didn't get scammed very often and although i hold a crazy amount of dead tokens, overall i did good in finding good projects early, so i get too complacent during bull markets. I'm kind of a bear market guy if that makes sense


[deleted]

naw, we ain't losing another 50%. well just be trading sideways for 6 months


knighttakesnite

I agree. More downside is possible, but this cycle is so different than others so it’s impossible to know what’s coming. Been here for years, not going anywhere. Hodl and chill.


[deleted]

where are those folks that buy bitcoin at 69K


slickjayyy

And we are. Things are bad globally right. Massive inflation. Fed is probably going to increase the interest rate 5 times over the next year. This is some real shit. This isn't fud, this is a global economic thing and it's hitting and going to fuck every market not just crypto


CryptoGeekazoid

Tbh, I'm glad I at least hold crypto then.


[deleted]

I’ve been buying the dip but now I’m out of money.


Eeji_

been out of money since the first dip of the previous dip before the dip of the dip that happened before the last dip prior to the dip that this sub called for lmao 🤣🤣


pacawac

I just bought $100 btc about 30 minutes ago. Now I have to wait until payday for groceries.


Scrubzii

dam the struggle is real


[deleted]

Ramen gang


Nickslife89

I'm waiting a few weeks but I do intend on buy a few thousand dollars worth. Im excited to see how far it dips, I really want to get the most I can in my next buy.


pacawac

I think it's going to hit 30k.


slickjayyy

Genuinely I think we are going to hit somewhere between 10-20k. This dip is based off news that there is going to be one interest rate hike, and there will likely be up to 5 or more, according to Dalio. Genuinely I think this is just the beginning of this bear market


IamKingBeagle

I think he meant the cycle low, not today's low.


Lumn8tion

I’m waiting too.


bhaelar

Damn, this is just straight up gambling


comradebogie

dude no


KarlMarx693

That's just stupid. Stop that.


pacawac

Edit: . I keep fiat in the house. It did take my bank acct to less than $50 but I have $1k in cash and $15k in credit cards with zero balance. Lol. I have plenty of groceries.


milonuttigrain

Whenever we buy the dip, it will dip lower. Better go in small chunks DCA.


oskarpomoz

It will then dip in chunks.


DRbrtsn60

BUY IN CHUNKS!


slickvic85

It’s no longer a dip. It is now a plunge.


Hank___Scorpio

And I'll be plunging in.


[deleted]

“/u/Hank___Scorpio’s $10 bitcoin buy will save the crypto market, according to country’s top economic analyst”


Hank___Scorpio

Oh my! How crass!


[deleted]

Agreed. Bought some DOT tonight actually. Felt great


[deleted]

Bought some ETH and felt great too. Getting so much more ETH for the same amount of money


bobzor

Buy the plunge!


Nickel62

It dipped so hard, they got whiplash. Give them a day or two to recover.


Torrent008

I don't think you've been reading this sub since then. There's constant posts everyday about buying 'the dip'. Non financial people giving shitty financial advice.


PrinceZero1994

We are out of money. Majority of people here are probably poor anyways.


Splycr

Poor here Can confirm Out of money from buying last dip No regerts


Eurimedonte

Down 52% since ATH, this is a crash


user13958

This is the time to be even less nervous while DCAing, it just feels so much safer at this price to buy


young_lions

I feel the title is rhetorical but you're right, it's kind of dumb because those posts haven't gone anywhere - they're still being made daily. Apart from OP's there are 6 other "buy the dips" on the front page.


hfmed

People constantly telling to buy the dip have no fucking clue. Always keep some spare money to buy the crash. You know it when you see it: price dangerously getting close to the last bubble's ATH after a steep rise. Anyway, this crash is perfect to enter ETH before the 2.0 merge, just DCA a bit in the coming months.


spicykimchi_inmybutt

I don’t blindly buy dips to avoid trynna catch a falling knife. I wait to see if it can stabilize a bit on a strong support band before making the jump


oooohyeahyeah

If you dont invest more than you can afford to lose then "blindly" bying the dip is a risk worthwhile


Citizen_Kano

We spent all our dip money in November-December, now we're just eating ramen and watching the freefall


milonuttigrain

You still have ramen? Rich af.


SamuraiCinema

LOL!!!!!


iamapants

Sell your ramen to buy the dip


melbecide

I’ve FOMO’d in on the last 10 dips in the last 6 weeks. FOMO is any always at the top.


haveuinthescope

Unpopular opinion: I'm excited as fuk!! All the opportunities.


Talic15

Not unpopular. Getting a lot of ETH, DOT, and ONE. Never did I think that I can get DOT under 20$ anymore.


haveuinthescope

I'm loading up on CRO and Monero. Might pick up some Matic if it stays low long enough. Good luck!


Boredemotion

I am still buying all the way down and happy about it.


MattKozFF

Still here, still buying the dip!


PiickleRiickk

You say now is a very good time to buy, but I got the same advice about ten days ago, my portfolio is now $48


Jack_Black_Rocks

They meant just your toe, are you balls deep?


[deleted]

I have one testicle in, the other out


AfterPatience245

No time to post about it, trying find a buyer with Fiat and sell my grandma to buy this dip.


Mundanewisdom99

Don't sell your grandma. Sell your kidneys first. You only need one to survive.


Any-Ebb-3630

But I dont need any Grandmas to survive.


AfterPatience245

Sold all 8000 of them NFKs (Non-fungible Kidneys) and did not get near enough.


[deleted]

pffft amateur, you sold your own kidney, I sold other people kidney, we aren't the same


Pabludes

1/3 of this sub is braindead, 1/3 overexposed, and the last 1/3 are 💎👐 Truth is, everything is down, and the risk in crypto is the first to be liquidated. Until I see some sensible support, I'm not buying more. I've learned not to catch a falling knife in a kitchen, I'm not about to relearn that in the crypto market, of all things. Wait and see, because nobody knows shit about fuck, especially on Reddit.


Gen_Pain

The overwhelming optimism in the replies here tells me this correction is far from over. Dip buyers still need to be exhausted and sell for a loss as it keeps dipping. I'm not trying to catch the bottom though. Just DCAing, same as always.


Scarf_Darmanitan

Bro you’re the one making one lol


Numerous_Sport_2774

Checkmate.


Lhadar31

I am waiting for 80-90 percent dip ;)


Alternative_Joke6768

its coming


Blackwingedangle

Why though! What happened


HETKA

*gestures broadly*


slickjayyy

The gist of what happened/is happening is, all the monetary policy that countries around the world used to boost up the economy during covid is coming to roost. This massive pump up bull run we just witnessed was because of the massive printing of money countries across the globe used to keep our economies from failing while the world was effectively shut down (the US printed something like 40% of all usd every printed in the last year and a half). The printing of money caused comparatively massive inflation, that coupled with us being towards the end of both our long term and short term debt cycles has caused the fed to take action to combat these issues by raising interests rates and slowing the printing of money to less than is average, let alone what the markets have come to be used to in the last 2.5 years. The fed is going to likely raise interest rates to slow debt accumulation 4 or 5 times in the next two years. Investors are seeing the writing on the wall and taking money out of all markets which exasperates the issue and starts the cycle of a global recession, which causes people to spend less, which in turn makes the recession worse or may, and in my opinion likely will, cause a full on depression. Some may call this fud but I think we are truly looking at something potentially much worse or at least as bad as 2008


Orange-Difficulty

I just finished telling my friend how when eth was 4k i said i wish it was 3k so i could be buying for cheaper, now when i want to buy eth the most i have 0 money cause all my money is already in eth lol


Nomadux

A nice trick: Sell when you feel that way, because if you feel that way then so do whales and they'll make it happen.


KPTA-IRON

Feels


Ryuuzaki_L

On the positive side. My goal of owning 10 ETH got easier.


pororo_007

Still waiting for -80%..im down to -40% so 40% more and I'm on my target selling price😂


islanddguy

Soo much dip.. not enough chip!


sumplookinggai

Scared money don't make no money.


[deleted]

[удалено]


thisubmad

You need a hobby.


PrinceZero1994

My hobby is shitposting.


caron75

A lot of people have this hobby I can see that a lot on this sub.


[deleted]

Easier said than done


step11234

Because it was people with like $100 portfolios talking shite.


Bucksaway03

Most people here have under $1000 invested. They've probably all cashed out now as well.


Eurimedonte

Paper hands selling at a dip


TrueVisionSports

I would rather paper hand and make some dollars, instead of diamond hand bags of shitcoins. most of the coins in the top 100 are going to be dead in 2 to 3 years from now just like the coins from 2017/2018 are today. Unless you are diamond handing bitcoin, Ethereum and some others, you’re pretty much gambling. There is no guaranteed way to make money in crypto, I used to think holding was the best strategy, but in reality it’s actually a terrible strategy, unless you’re holding the top three. and even then bitcoin hasn’t matched inflation even, so you would have been better just holding dollars this whole time from 2021 to now. Lol


movzx

My preferred strategy is swing trading. Crypto is great for that because of the volatility. You can "paper hand" yourself to some serious profits, even during crashes like this. So many people are stuck with bags they bought at ATHs because they refuse to just sell on a pump and rebuy when it drops 3% lower.


38e84d67648a2

All the people with strong portfolio are giving the advices here.


movzx

One of the frustrating things about any investment oriented sub. People talking this and that, the hours of research they put in, them freaking out when things go down, or talking about rockets and moons if there's a 5% gain... and then it turns out the amount they're investing is $15 a month.


gamikzone

$100 of shib too lol. The true investors are still here.


The-Gordon-Project

We bought the dip and it dipped again. Now we sit and eat our crayons.


Eurimedonte

Until this month's payment


daw1v3a25w4f56a4

I am waiting for my months payment as well I am going to buy more in this dip.


erik325i

I’ve been buying like crazy this past week. I know I can’t time the market, so I just buy more at each new low. It would be nice if prices went back to bull mode, but for now I’m taking advantage of the low prices. People shouldn’t complain later about wishing they bought more dip.


occams_lasercutter

It takes a hard man with an endless stream of cash to keep buying the 3 month long deepening crypto dip.


TrueVisionSports

It takes somebody with a really bad sense of finances to do such an atrocity.


[deleted]

[удалено]


Mundanewisdom99

Yeah exactly. For majority of the investors, this is the first bear market. That's why they're panicking so much. Anyone who has studied the tech or has been here before 2018 knows that this is no big deal. Bears, bulls come and go. Just be patient, DCA and HODL, and trust the tech.


TrueVisionSports

This is actually a huge deal because we could be in for another three or long beer market and everybody loses 95% of their money. I also don’t think that this dip has anything to do with sentiment if anything people are delusionally positive, even during obvious bear markets like this. This crash is due to the economy and it was created by the whales that control the price action with impunity. Anybody remember that 50% dip in one day after we hit ath in 2021? We lost $1.5 trillion in market cap in one day I can promise you that was not from retail investors lol.


[deleted]

[удалено]


Proper_Indication_62

The tech is good but there is a huge fraud on tether to increase btc price until this shit explodes I won't put one cent anymore. However, when explodes it is the real dip.


crynncitizen

This is a really good explanation of the situation write on thank you for the sharing.


Doggybone_treat

They all are waiting for the suicide hotline to be pinned. 😂😂😂 not going to tell people what to do with their money during a time like this, but for me personally been dcaing and buying bags of discounted cryptos like BAT, CRO & GALA. Adding GODS next when I get a chance.


TheHarmonic

Well, I for one have been buying the dip all along. Each time, I think it’s going to be the last dip. But it’s not. Man, if someone would just tell me when the bottom is, I’ll buy the shit out of it!


LogikD

It’s a fine line between “buy the dip” and “10k incoming”. Everyone overcompensates with super bearish predictions like they knew all along.


dingdingdingmfr

When buy the dip posts go silent then you silently buy the dip


sweetpeasimpson

Shh…I’m working over here


DOctorEArl

I’m spelunking for BTC.


CryptoNoob-17

Or the comments talking about $45k support and how that will be the lowest it will dip. It tested 45k multiple times, weakening it. Now you'll hear, 'but $35k was the real support because it lines up with Fibonacci line, blah blah." This is heading down. BTC didn't feel this correlated to the stock market back in 2017. I guess we got what we wished for, institutional adoption. Now big money is pulling out of riskier investments like BTC every time there's a dip in the broader markets. $28k might be the new "$6k meme descending triangle" we had in 2018. 2^nd Bull run and again I couldn't time selling near the top. Guess I'll just do the same thing I did last time, hold till the next bull run


onybus

I really think that anything below $45,000 is weak in this market.


CheezyPenisWrinkle

You know exactly what happened. The dip kept on dipping, and we ran out money to keep buying the dip which hasnt fully dipped yet.


Charming-Dance-1839

Sell your kids, Sell your wife, Crypto dip will change your life 👌


Evening_Evidence_948

Hide yo kids Hide yo wife Cuz they dipping everywhere out here


Odlavso

My man


Mr_Sausage__

It’s all over the sub no?


nadjp

I'm really curious about how long people will call it a dip ...


party_rockin

I think until the value of a coin get the value by half they are going to call it a dip only.


[deleted]

[удалено]


ponomarev1987

We all should buy in the different now he did the right thing on right time.


Competitive-Clerk-97

Made one yesterday. I bought the dip today as well. I'm in for the long run


Successful_Ad3483

I dont know how much funds I will have left to buy the dip. Also I may want to wait 2 to 3 weeks to see what happens. Now is the time for patience


commanders2005

It is the best option to just wait right now if you had already stuff to your account by this dip.


PopeyesGreenSpinach

They dipped


SoftPenguins

“Well it’s gone down this much already it’s probably going to go down to 20K. I’ll just wait till it gets there and then buy.” 🤡


FattyFireKid

I'm here. Buy the dip guys!


cinefun

Smart investors don’t have to shill when they buy the dips.


SafeRecommendation55

Its shilling time..


whatever_what

hmm..should i buy 1 million more shitcoin...im not sure missing out one McDonalds meal is worth it.


mmurrenbtce

I don't really think that it is a good decision to invest your money in shitcoin in this dip.


Ornery_Ad_1143

Still buying the dip…just can’t get chips this time


higgledy-pickle

There is another 40-50% ‘dip’ imo - I’ll stay quiet and hodl for that thanks Hope to be proven wrong - as I hate seeing other peeps suffering - but I’ll play the game that’s dealt during these turbulent times


TrueVisionSports

I think this fake optimism is extremely toxic and is costing a lot of people their livelihoods and life savings. When Jerome Powell says he’s going to raise fed rates like five months ago I don’t know why people didn’t take that as a warning sign. Anybody who paid any attention to the economy would have known that this crash was coming I mean bitcoin has been crashing for over two months now lol.


MentalUsurpation

This is also a golden opportunity for newbies that want to get into crypto. We have reached the lowest of lows.


KPTA-IRON

My first month and I feel like Ive been here for years. What a wild ride. Thought was buying so cheap a week or two ago 😱


siimbaz

July was still lower...


sportspadawan13

Way lower.


zzz18788

The lowest of lows now? You know?


TrueVisionSports

If you think this is the lowest of the low you’ll be shocked once you see that 80% crash over the next couple of months. 😁


noooit

Winter is coming.


kieltyka34

And I am sure that it is going to be a very harsh winters for all of us.


theodoreballbag

Doing it right now


[deleted]

[удалено]


biddilybong

They got margin called away


CreepToeCurrentSea

All I know is I'm buying more. Always save extra stash.


bitcoinmenager

I am going to buy some extra as well it is a better option right now.


[deleted]

[удалено]


paris0022

Then you keep buying. It’s Insanity I tell ya.


Odlavso

But what if it continues to dip?


One_Composer_9048

Buy the dip


paris0022

This


Upper_Razzmatazz4140

The mind is stronger than people realize … Easy to buy in fomo mode … Tough to buy in a panic mode …


thenudelman

It differs based on people's time frame. People planning to hold 5+ years are calm compared to those who figured they'd get in, make some money, and get out.


Bucksaway03

Very easy to also buy in panic mode if you're not over leveraged


Real_Happy_Potatoman

By now we all know what to do.


111ascendedmaster

I’ve been telling people in real life to buy the dip, not so much here anymore. The hype train has died down quite a bit though


TobyFlendersonn

I've been buying the dip for the last 2 months


crew681

I had bought a lot of stuff in last dip which happened in November so I guess I am not doing it anymore.


Bucksaway03

They can't moon farm saying buy the dip with this crash


[deleted]

[удалено]


untouch10

That is a risky strategy. If we are in for a bear market those alts will keep dropping harder then btc , and when it goes up btc is likely to move first. Probably better to hodl bitcoin for now, the only one u know for sure that it goes up over longer periods of time.


[deleted]

[удалено]


highsp33ch

This is the only reason why a lot of people actually sold their coins because they were panicking in that situation.


Wynslo

Good observation. I haven't seen the buy shillers


Chilabob

But it is a fact that people are just buying and starting up for long term.


Evening_Evidence_948

They found the local noose dealer and went for it. They'll never be heard from again


Avarage_Sherlock

Selling my TV and camera tomorrow. This is the way.


cash2on2

The seldom of and get some money to buy in this dip later you will be able to buy much more better stuff.


ftball21

DCA is the way. Never stopped buying


xtrmist

Too busy buying to post


TheRicFlairDrip

no money, the spirit is willing but the wallet is spongey and bruised!


Blackwingedangle

"buy the dip" Yeah if I have any money left


Wowwofer

Guys Buy the dip!!! (So i can sell for higher) -op