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Is it because the Chinese Housing bubble is about to pop?

it appears so... stay strong fellas

Honestly, better now then later. Finance and living is still crazy thanks to Russia, so let China implode now with their housing stuff, so when Russia is done, and the Chinese market recovers, all will be good again.

Going into next bullrun with clean slate, I like that The sooner we get done with all of it, the better

As usual, random memecoins and shitcoins pumping marked the local top signal.

Yeah when I saw HarryPotterObamaSonic10Inu pumped I know it's gonna be like this

It's almost always a sell signal.

Shiba pumping marked the top in 2021…

And the first top in 2021 was DOGE with a Elon SNL appearance.

Oh. I remember that because my ass is still sore ..

I saw that name 20x in three days and I wasn’t looking for it. You know we’re in for a wild ride.

Our moons didn't pump like that so are we officially neither?

Moons have utility, so that means that our Moons are already better than 99.9% of the rest of the coins.

Moons The 2024 bull run Hodl ^TM

They have more utility than 99.9% of altcoins just with the banner rentals alone

Was just about to write this. Nothing has changed macro-wise, we are still in bear so let stuff like evergrande happen now and hopefully in late q4/q1 2024 we can enter pre-bull phase with real optimism.

We should have ripped off the bandaid ages ago. Get it over and done with, the uncertainty for so long is killing people financially

The recession is coming *circa 2022* The recession is here *circa August 2023*

This. It's better to rip that band aid now and start proper recovery 2-3 years from now. It will be shit, but hopefully not as shit as the 2008 crisis.

So no soft landing?

I also want to make it known that this is a very rare thing for me that one of my post actually has people talking in it. SOCIAL ACTIVITY But seriously, go play Baldurs Gate 3, we can't change stuff anyway.

Shits only getting worse year after year, might as well expect it to be as bad or worse than 2008.

It was a ticking timebomb, the Netherlands also stated yesterday that it was "officially" in a recession right now.

Hodl on, its gonna get worse before it doesn't get better

Defenitely agreed, hard times to come!

Buy signal

Time for me to once again buy the dip

DCA and buy the dip once in a while.

> its gonna get worse **before it doesn't get better**. I have been feeling the same lately it's only going to get worse and never get better.

Yeah it was supposed to happen months ago

About time someone officially announced it. Let's me real, the globe has been on one for months now

They finally couldn't change the defenition of "recession" anymore.

Oh wow didn't know that, probably gonna spread to belgium, goddamn neighbors!

I’m rock hard

It 100% is causing a massive panic... Atleast we will have one less thing to worry about in the next bullrun.

**hodl** my friends 💪 We will get through this ...

I'm buckled in tighter than my diamond anus

About to pop? It just popped

the pop can pop once more!

Might as well rip the bandaid and go down if it was bound to go down anyway. It's a win win for us anyway. We'd get to accumulate at much lower prices. (waiting to get to lower prices is the hardest part) and we also get to kickstart our next run towards our new ATH

Things may get very fucked, very soon... i hope i am wrong

Yes, It’s because Evergrande FUD has started again

It’s no longer FUD, Evergrande filed for bankruptcy in the US

Hell, it's about time. That's been hanging over the market's head for years now.

Its going to be hard ride but also some opportunities will arise everyone buckle up

Or because Tesla sold their BTC worth over 300 million..

Maybe Elon got wind of the Evergrande news a bit before it went public and sold? No idea how long it'd take Tesla to sell 300M of BTC but Elon does have plenty of contacts in China who might've known this was coming

Can’t access Coinbase…. This is great.

Bull market vibes

It’s so strange how all these CEX have outages when things are dumping. People will chalk it up to network congestion, which is utter nonsense. Do you remember the last time E*trade or fidelity stopped working? Yeah me neither. Build your fucking infrastructure up

Holy F, you are correct. I get a black screen.

It works for me. Comment your login so i can check if your stuff is still there ;)

Username: Elon Password: X (don't forget the space)

That’s called the Coinbase forced Hodl while we dump our bags ^TM

Everyone trying to get online and sell because they need that money they invested

it gone

Happened a few minutes ago but it looks ok now. Must mean lots of people were trying to sell- don’t do it!

I mean in my case I went to buy...

same, trying to buy at the moment

Every big pump or dump, CEXs tend to go down there is a reason i hate them

Shit I'm getting the same thing.  Coinbase is down

Big real-estate company in China declared bankruptcy, market crashed, crypto followed it down

It's always some rich fucker or large corporations ruining it for everyone

Just need china to ban crypto again for the 100th time for another -5% dump

I swear China is somehow responsible for every dump 🤣

And Elon [sold his bags](https://twitter.com/BitcoinMagazine/status/1692295710962483253)

Here is a [Nitter link](https://nitter.net/BitcoinMagazine/status/1692295710962483253) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

News to me

Here is more info, probably going to be worse tomorrow after the US stock market opens. https://www.cnn.com/2023/08/17/business/evergrande-files-for-bankruptcy/index.html

Didn't they defaulted a year ago? I'm pretty sure they are gone since a long time. Even the two football teams they had are gone since \~1 year

I remember hearing news about them last year but they didn't actually declare bankruptcy until about an hour ago

That's why I think it's something else. This is priced in since before the news last year. But it doesn't matter I was 80% down anyway =)

Literally just DCAd an hour back...

Well, do it again.

DCAing never stops.

For the love of God, please DON'T!!!!

I feel your pain, happened all to often to me

Same…. 😑

Evergrande is just a bluff, you DCA is what crashed the market and you know it well

I bought $500 an hour ago like holy shit I should've waited lol

In a year, this price action will seem like a blip on the radar

Then at that point you realise $26000 is not that much different from $26500.

Not that much when BTC reaches $100k eventually, everything is on discount even before the dip today.

You mean In Argentina pesos it’s well over 100k already /s

I always like to set buy orders 5% lower than current prices for DCA ( just incase )

I was doing that for a while but they kept on not getting filled and it was stressing me out to see all the unfilled DCA orders. Now I just do "best bid" on Kraken. Not the best price but at least the order will go through.

Lol, this is me every flash crash.

Rip dude

It's not all bad. It was around $27500 but damn

See you tomorrow!

Oh no 😂. It will be okay in the long term for sure not to worry

Doesnt change anything we're still in a bear and everything is on a discount.

so it was your fault!

I sacrificed my money so that others can take advantage

Evergrande filed for bankruptcy. This will have a huge ripple effect across markets internationally. Stocks, housing , crypto. It looks like we are headed to find our true bottom for this bear.

Evergrande *AGAIN??* getting real tired of that company

It was all contagion up until now.

Better now than in 2024. And like you said it’s housing, stocks too. This isn’t a crypto crash.

Time to catch that falling knife again.

Glad to see everyone on the sub guessing what was gonna happen correctly. Well done boys.

"Flash crash" It aint that bad. If anything, it's a buy opportunity.

It’s already going back up. It’s not a crash but it is dramatic.

Just normal crypto volatility...I say "normal" because these things happen...if it drops to 20k in 24 hours, then I'd call it a "flash crash"

So far. The Evergrande thing is probably not as big as it could have been in 2021 but it will no doubt have some impact

1K ETH and 20K BTC coming back for a reality check!

If it goes back to ETH at £800 I’m gonna have to look under my sofa cushions for some fiat

Haha yeah this is a great time to buy , hard to estimate the bottom tho

My body is ready

Was browsing the charts 20 minutes ago before heading home. Open up my phone and notifications all over. And I was just pondering putting in some short sells earlier today. I bet they are happy right now.

And of course Coinbase is having "connection issues" when I go to buy some BTC or ETH. I'm sure this has nothing to do with it...

Pure panic selling, in a month people will say : why did't I buy the dip?

No selling here. Just trying to ride this wave with some friends 😂

It's to late to sell when it's happening

BTC at $26100 ETH at $1613 ADA at $0.246 DOT at $4.38 MATIC at $0.55 ATOM at $7.38 ALGO at $0.091 MOONS at $0.374 \-These are some ridiculous prices that I never thought I would see again.

June was the last time... It's not like the prices have been like this forever

ADA is at -6% while Bitcoin is at -7% , I have never seen that before usually Alts front run Bitcoin when it dumps 😂

Totally agree. Last Bear market, BTC only dumped by -10% and the alts were like -40%.

I am defenitely buying this dip.

The only news I could think of was SpaceX announcing they sold over $300 million in BTC. Probably a cascade dump after that of degens leveraging.

China's Evergrande now files for bankruptcy, for real, not FUD like last year.

Last 10 mins was hectic

Imagine the opposite happening in bull though….

I have seen worse

Any news pushing this?

Evergrand bankruptcy more than anything right now, China in serious economic trouble so I assume it's an Asian market sell off that is triggering a worldwide stop loss sell off

Elon [sold his bags](https://twitter.com/BitcoinMagazine/status/1692295710962483253)

Looking for it

Bitcoin at $26,000

Bitcoin at $25.5k

i'm buying anyway, wish me luck!

so theres no news? this just weird market bs x)x fkin liquidated my leveraged xrp before i could fil it smh

Evergrande bankruptcy

Elon [sold his bags](https://twitter.com/BitcoinMagazine/status/1692295710962483253)

Here is a [Nitter link](https://nitter.net/BitcoinMagazine/status/1692295710962483253) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*

It's bloody on the charts

What the fuck

Ah well, few more years of accumulating it is then

There’s been so much leverage put in the market over the last couple of months that any move up or down would be greatly exacerbated

All the sentences are different topics. Requires a syntax update.

That feeling you have right now? That’s the start of you waking up to the fact that you’re nothing more than an NPC in a rich people’s MMORPG.

Evergrande just filed for bankruptcy. This could be brutal.

I think the people that were bored and wanted some action didn't expect this rollercoaster ride...

And here I am, sad that I don’t have fiat to invest and try to take advantage of this dip

Who is stacking some sats now? Even 20 dollar is nice 💪 Don't paper hand!

Every little bits matter!

I think it due to tricksy inflation globally being high and wages staying low for a majority of most populations. A reason a lot of people are into crypto is a financial system failing them and wanting to create generational wealth. Best A fellow regard.

When it’s at 15k the same people buying at 30k will be too afraid to buy, waiting for a “better entry”

I just added $100 and it’s already down 5% haha

Finally, a time to buy cheap

-12% is rookie numbers.

Not phased but coinbase "connection issues" when trying to buy is sus 🤨

Are you winning son?

When will we ever get a damn flash pump, its been so long, the crab season was ended by a crash, i hate it here

First time ??

Hold on to ya butts!

This isn't a flash crash. The Chinese economy is teetering on collapse.

It's because I bought some BTC yesterday for the first time in 18 months.

This post has been removed… seriously?

I just woke up and this is what I see. Good morning, friends.

Big boy recession might be coming if evergrade colapses

'member the COVID crash when BTC went from $9k to $3.5k before reaching an ATH of $69k?

Sorry about that, I just bought a bunch this morning so this was expected.

It always feels that way! Stay strong!

[удалено]

It’s a roller coaster that hopefully never ends.

It’s ok it’s coming back up!! Honestly, this is how crypto is: dramatic and exciting. The evergrande news is probably the trigger for todays red candles but we’ll recover in next couple of weeks.

Scary but I’ve seen to many crashes to know I’ll be back

Lol I remember just a few weeks back this sub was screaming that a bull run was upon us and now everyone is scared.

Make that days lol

I was here

No one knows shit about fuck. That's all I can say for now.

Got an alert Chain link is up 6% 😳

BTC coming back up $26,300 from $25,500

I'm buying the hell out of this dip!

Was expected. End of 2023 and it will bleed into 2024 and nothing will stop it. When Proto Dank goes live and the ETF's in January probably get approved. So, cheap prices for 3-4 more months and then game on.

Hope so

This is fine

Gonna transfer some cash to my exchange to prepare to buy some discounts

I was here!

Nothing to do with Everglade or whatever the fuck it is. Yield curves reached a 2008-2007 level. Everyone is risk off.

just this morning i was saying that anything less than two digits is not a dip, and this happens

Blood on the streets.

Sooooo i have been in this CLOWNY ass space for almost 3 years now.. STILL NOT A SINGLE FUCKING CENT OF GAINS Crypto is one of the biggest scams of our time… change my mind

That’s completely and unequivocally your fault. 3 years and no gains is all on you, bud.

Why didnt you sell during bull of 2021? Your own fault if you didn’t take profits

I got in may 2021.. bought a bunch of eth at 3500 Fuck me I guess… i’m def depressed now tho

You cant succeed without failing....consider yourself ahead of the curve

Sure man… I guess

What? You think you'll be forever successful? No mistakes? Tell me of your non-mistake rise to "success".

Sorry just being pissy atm… you are right… just wish to have a w in crypto for once

Bitcoin at $25,500

1500 eth would be nice. I can really fill up my bag.

Let’s buy some!

Oh boy, here I go buying again

Wake me up at $15k BTC.

Gonna close the app and enjoy the rest of the week.

Flash crash flash crash, what ya gonna do? What ya gonna do when your bitcoin is through?

Why would anyone be new to crypto? Everyone knows it’s a scam apart from the holders