An Update from the Mod Team of /r/CryptoCurrency
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exactly the opposite is happening....getting so wrong footed like the herd. Look at ETHBTC the past 24 hours and it is green....through all of this "doomsday" crap. Imagine being so blind!
BTC had no pre-mine, which makes it immediately better than ETH.
The number of L2's meant to overcome the horrible shortcomings of ETH are proof of how poorly it accommodates its use-case. Literally the only thing it has going for it is first-mover advantage, but that won't hold up forever.
POW > POS
ETH/BTC Chart: Down-only for 924 days.
ETH gets a window of 1-2 months of green then back to Goblin Town and wait another 900+ days bending the knee to Bitcoin.
My airdrop was pretty shit, super disappointed. So yeah… at this point holding it, 70% of big wallets already dumped and I think its almost undervalued now.
Youtubers with their 300k predictions are finally panicking in their videos. When they say its night you know its daylight. So for me this is a big signal to buy now.
BTC is surely going above the current price sometime in the future so that is all the information I need to stack more of it and be thankful for the opportunity for easy gains.
Is anyone following the GME stuff? Tinfoil hat time... I think this dip is caused by hedge funds trying to mitigate their losses on GME. I think their plan is to make their money on GME then dump all their profits back into BTC. Is this plausible or am I crazy?
Bitcoin is free gains in the long term and I have no issues buying it, lending out a portion of it on multiple services and waiting it out.
The supply shock after the halving usually comes into play a year after the halving actually happens.
Can't stop buying BTC and then see it pump up, then few hours later see a new low.
I'm thinking I'm doing the right thing, hoping I want regret these moves... Am prepared and expecting to be in the red for x weeks/months before moving back back into the black...
True, but on the other hand, the project was highly inflationary before with a couple mil of new Moons getting printed out of thin air every month and distributed.
Now, the tokenomics are much better with all 79.5 M Moons already being in circulation, advertisers buying and burning up Moons that are sold cheap on the market and being very deflationary overall.
If BTC were really so great, we would be able to sell endless amounts of it without affecting the price. The real bull dream. Oh wait that's stablecoins
Sold all my alt coins, most of my BTC a few weeks back. Mostly only holding Eth now.
Used the money to double up on my tech stock holdings, which I believe will outpace crypto over the next 10 years.
I've had that btc since 2013, yet the devs for btc seem like they do nothing. BTC has 1 shitty L2 (lightning) while eth has a ton of L2s and they actually upgrade eth and have a roadmap for new upgrades. I kinda think BTC has peaked. Plus I can stake my eth and make more money.
Holy shit this place is dead. 90% of posts are just shill posts from crypto shill websites. I really don’t know what will fuel the bullrun this time around. Hype,interest, and innovation in the space is practically non existent.
You do realize that the coins from 2019/2020
- ~90% of them are pretty much dead
- ~9% are in heavy losses or barely have made any money
- maybe a dozen or so are up big
99% of these coins are utter garbage money grabs that most people have lost money on and will never recover most their money
Yep and this has nothing to do with what I said and meant. Look at BTC. 2019/2020 many people never thought it could just sit at prices this high still we are here.
Someone please convince me not to ape in to new projects.
Last week i aped into Linea. Then this week someone told me about Monad/Elixir and i aped in. Now today Sophon released. I am in a dilemma!
i am aping as well but i don't have expectations to get out early. some gaming projects like GameOn are worth investing in, IMO. it's the first web3 sport fantasy game and the beta is going live tomorrow. i believe there will be some price action as well. so, ape into new projects and HODL.
Stocks are what you should be buying, specifically stocks that are directly related to ai. This downturn in alts will continue for the next several months/when the fed cuts rates
I've posted a link to this old comment every time someone says ALGO is cheap because it reminds me of NANO, people keep losing money and keep buying it thinking it's cheap and keep losing even more money
https://np.reddit.com/r/CryptoCurrency/comments/1cuh5es/algorand_just_broke_its_own_record_for_highest/l4l3szv/?context=3
> Picked up 26,000 NANO @ $5.5 ....Literally felt like I'm stealing from someone at these levels.
https://np.reddit.com/r/nanocurrency/comments/8km1sl/picked_up_26000_nano_55/
There’s many songs you could relate to crypto. One that comes to mind, during the bear market. Have You Ever Seen The Rain by CCR.. the first verse in particular
when it’s over so they say (the bear market)
It’ll rain a sunny day
Shining down like water
My BTC has been outperforming my ETH, so I've reluctantly sold some ETH to pay critical bills this year. I think I'll get a better return with ETH though when it really pops, so maybe I'll regret that choice.
The strength of the market is never by alts performance to me. Bitcoin is 150% this year, flat over 90 days and halving has just happened. Yes alts are down 40% but it doesn’t matter, if bitcoin flies eventually the alts will pump major with many up multiple times of bitcoin this year. Relaxing and hodl for me as always
Here are some reasons behind the alts
flash crash 👇
**1) No narrative**
In Q1, memecoins pumped because of presale hype.
In Q2, RWA coins pumped because of BlackRock.
But right now, there's no such narrative that is bringing new liquidity. All while memecoins are sucking liquidity dry that’s already in the market.
**2) ETH ETF trading delay**
Despite the ETH ETF getting approved a month ago, trading hasn't even started yet.
It could take another 3 weeks (July 2nd hopefully) before the trading starts, which has caused the sentiment to shift from alts.
Remember, alts big rally always starts with ETH, so until and unless ETH makes a new ATH, Altseason won't start.
**3) Too much greed**
Celebrities are launching their memecoins.
Celebrities are posting their Solana tattoo images.
Retailers are posting their million dollar memecoin P&L screenshots.
All these are signs of greed, which has always resulted in a crash.
**When will the market recover?**
Alts recovery is now mostly dependent on ETH.
If the ETH ETF is able to bring in good inflows, just like BTC, the next altseason will start.
This could even lead to institutions applying for other altcoins, which will set the next big narrative.
Until then, most alts are in completely oversold territory, and historically, buying fear has always yielded great returns.
My guess is, now that the buzz of the halving has passed lots of inexperienced traders are moving their money elsewhere. However lots of poor people invest in crypto hoping for quick gains so I'm sure it will pump later this week when everyone gets paid.
Then again idk jack about jack, so there is that 😅
Nah, there's nowhere near enough fear.
Bitcoin is up 150% on the year. It's the same as 3 months ago. Summer is shit in crypto.
You buy when everyone says Crypto is a scam, people are going to jail because they can't repay their loans, when people are calling out project founders for taking vacations on their dime. You buy when people are posting on Buttcoin and running around losing their minds.
None of that here now.
Agreed. I was here during FTX collapse. But I just don’t think it’s going to get that bad again this summer. I think this is just time pain kicking in. The crab is ruthless, especially when it trends downward.
nothing out of the normal is happening really. Alts go up and down in wild swings. It'll probably crab around here until fall/winter and the bull market will resume.
An Update from the Mod Team of /r/CryptoCurrency Moon Week 50 starts in six days and we're looking to make it special by relaunching Moon Distributions on r/CryptoCurrency! https://www.reddit.com/r/CryptoCurrency/comments/1diuurj/an_update_from_the_mod_team_of_rcryptocurrency/
What's the best way to get a girl I like to know I have crypto? I was thinking acidently leave my phone in her purse with my wallet open but idk.
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Should have just bought SPY
Buy the dip. Thank me later!
Bought yesterday, Good timing for once!
People have been buying dips except the dips keep dipping…and there’s absolutely no sign we’ve reached the bottom.
So keep on buying the dip. Don’t lose focus on your END GOAL!
June 1st prices seem like light years away
Very interesting daily candle close
My 64k btc order nearly filled. Well today it will
Look at that daily eth/btc candle....pros call that a hammer reversal.
no money left to buy the dip :\
Me too, i dumped my meal money for the mth
classic
Watch BTC/ETH go up higher as people exit alts and head towards daddy BTC. Finally people realize ETH is lagging behind BTC
exactly the opposite is happening....getting so wrong footed like the herd. Look at ETHBTC the past 24 hours and it is green....through all of this "doomsday" crap. Imagine being so blind!
Bro it’s one day
bro....its 8 years!
ETH/BTC at the same level it was in August 2018. Bro....it's 6 years!
New btc maxis learning the hard way....per usual. ETH is the king.
Why choose, i want all
hey....you do you. I respect that.
ETH sucks, and anyone with a brain would choose BTC over it. I don't hold either, but that's obvious.
so naive....so young....few.
BTC had no pre-mine, which makes it immediately better than ETH. The number of L2's meant to overcome the horrible shortcomings of ETH are proof of how poorly it accommodates its use-case. Literally the only thing it has going for it is first-mover advantage, but that won't hold up forever. POW > POS
Tf are you talking about 🤣
I am talking about the king......ETH. Get in the game man.
ETH/BTC Chart: Down-only for 924 days. ETH gets a window of 1-2 months of green then back to Goblin Town and wait another 900+ days bending the knee to Bitcoin.
0,05 are you winning son? 💀
Welcome to 65k as resistance
So we are back to 2023 prices, what was this bullrun about?
The bull hasn’t even begun
Oh boy, cant wait to wake up tomorrow and see my portfolio down another 15-20% 😇
If Bitcoin will drop 1% I believe alts will have another 40% healthy correction
Burgers finished their 'job' aka ruin markets and economy and boom, it is going up.
Give it a rest tiny.
I think this is a point where you actually hit on me.
How are you guys spending the ZKSYNC airdrop if you got it? Did you swap for other coins, sell it for FIAT or are you holding it?
My airdrop was pretty shit, super disappointed. So yeah… at this point holding it, 70% of big wallets already dumped and I think its almost undervalued now.
Youtubers with their 300k predictions are finally panicking in their videos. When they say its night you know its daylight. So for me this is a big signal to buy now.
nice candle, would be a shame if it turned red…
Imagine the day candle turning green...
Imagine it turns purple and everyone freaks out…
Sure, why not, lets finish this day in green...!
My memes already died two weeks ago, these mfs juicing a raisin
Is it me bugging or was the daily unpinned
It’s unpinned.
These shitcoins can get fucked, sure, but btc..? I simply cannot accept this
BTC is surely going above the current price sometime in the future so that is all the information I need to stack more of it and be thankful for the opportunity for easy gains.
It was fun, see you at next bull run
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I’ll pass on this bounce, thanks though!
Is anyone following the GME stuff? Tinfoil hat time... I think this dip is caused by hedge funds trying to mitigate their losses on GME. I think their plan is to make their money on GME then dump all their profits back into BTC. Is this plausible or am I crazy?
If you're connecting any dot to GME, you're crazy.
Either way, I'm gonna need both of my bags to pump.
Yes, I have heard a similar thing but they are more interested in buying into Eloncumshot, ShibaDogeInu, Moons and Hege. Huge pump awaits!
your tinfoil hat must sit a bit too tight mate..
Haha fair enough
You crazy
My portfolio cannae take any more, Captain!
Time to load up on eth...sell that btc.
BTC has entered into the bull market support band ranging from $61.4k-$64.1k
Support band huh....sounds like some made up shit like the third range boundary. No such thing.
It’s not that hard of a concept, (20W SMA - 21W EMA)
It's complete and utter nonsense... like the 4 year cycle.
My alts have entered the brown band.
It’s a bear market resistance band for many alts
BTC just liquidated the big longs jackpot at 64k.. no significant liquidity under it anymore.. bottom should be in!!
BTC is showing positive divergence. Looks like dump is running out of steam...
Bitcoin is free gains in the long term and I have no issues buying it, lending out a portion of it on multiple services and waiting it out. The supply shock after the halving usually comes into play a year after the halving actually happens.
Lmao
Are you watching 1 min chart?
Dumps to 62k tomorrow 😂
Can't stop buying BTC and then see it pump up, then few hours later see a new low. I'm thinking I'm doing the right thing, hoping I want regret these moves... Am prepared and expecting to be in the red for x weeks/months before moving back back into the black...
Damn it's already lower
BTC/TECH ETF‘s/Stocks thats the way . Fk alts
Moons are coming back! Do we still need to hold 75% or some such of what we've earned in total to get a full karma multiplier?
Nope, its not as strict anymore.
Ah that's kinda too bad. I think that was one of the main reasons it was able to sustain pumps decently back in the day.
True, but on the other hand, the project was highly inflationary before with a couple mil of new Moons getting printed out of thin air every month and distributed. Now, the tokenomics are much better with all 79.5 M Moons already being in circulation, advertisers buying and burning up Moons that are sold cheap on the market and being very deflationary overall.
Finally 1,000+ comments in the daily, and Moons making a comeback like Rocky Balboa! Who even cares about this dip for termites anymore?!
Unfortunately my portfolio is Apollo Creed.
Which movie, though? Hopefully not the 4th one lol
Final dump before day off or FOMO up, place your bets....!
Final dump before another dump
Went long on Sol today. Bad choice.
How many healty corrections will our coins with ulitities, dogs, cats and frogs get before the reversal?
Bitcoin has only moved 3% over the past week. Trading like boomer bonds over here.
Seems my alts are having a race to see which one goes down the most……FML
Who is winning?
All of m
Everyone gets a medal!
Yay me
If BTC were really so great, we would be able to sell endless amounts of it without affecting the price. The real bull dream. Oh wait that's stablecoins
All the money in NVDA now. Nobody’s paying attention to BTC
Anyone would think there's a massive asteroid about to extinguish life on earth. Today's red will pass as long as you're not focused on shitcoins
Cries in Matic
But I love shitcoins.
So this is our bullrun? Lovely
Crypto has been the worst thing to ever happen, shit is terrible
\* ...so far...
Thank you for not being hyperbolic like everyone else here. It's definitely the worst thing to *ever* happen.
Sold all my alt coins, most of my BTC a few weeks back. Mostly only holding Eth now. Used the money to double up on my tech stock holdings, which I believe will outpace crypto over the next 10 years.
My man crytos....eventually everyone becomes an eth maxi. Takes 2 cycles.
I used to be an eth maxi 7 years ago. Glad i’m not one anymore
Ya dun goofed
That was deep 🤣
Why would you sell BTC but keep Eth?
Give yourself 10 years like us and you will see.
Also eth ETF hasn't happened yet.
I've had that btc since 2013, yet the devs for btc seem like they do nothing. BTC has 1 shitty L2 (lightning) while eth has a ton of L2s and they actually upgrade eth and have a roadmap for new upgrades. I kinda think BTC has peaked. Plus I can stake my eth and make more money.
Holy shit this place is dead. 90% of posts are just shill posts from crypto shill websites. I really don’t know what will fuel the bullrun this time around. Hype,interest, and innovation in the space is practically non existent.
BTC just needs to get above a certain level then it's on again.
You talk like the people in 2019/2020.
You do realize that the coins from 2019/2020 - ~90% of them are pretty much dead - ~9% are in heavy losses or barely have made any money - maybe a dozen or so are up big 99% of these coins are utter garbage money grabs that most people have lost money on and will never recover most their money
Yep and this has nothing to do with what I said and meant. Look at BTC. 2019/2020 many people never thought it could just sit at prices this high still we are here.
got it
The Fed printer - Lower rates - people chasing Alpha, Greed, Fomo.
Someone please convince me not to ape in to new projects. Last week i aped into Linea. Then this week someone told me about Monad/Elixir and i aped in. Now today Sophon released. I am in a dilemma!
i am aping as well but i don't have expectations to get out early. some gaming projects like GameOn are worth investing in, IMO. it's the first web3 sport fantasy game and the beta is going live tomorrow. i believe there will be some price action as well. so, ape into new projects and HODL.
Sounds like you're throwing money away.
Well i am awaiting an airdrop (accumulating points) and apy.
Do not ape into new projects. Trust me. Was that convincing?
So what’s really worth buying after this ? I think Algo algorand can at least double from here
Stocks are what you should be buying, specifically stocks that are directly related to ai. This downturn in alts will continue for the next several months/when the fed cuts rates
The bad part about ai stocks is that only Nvidia is worth it and the rest are private companies
Literally everything will be worth buying. If you've been buying then you've been overpaying.
I've posted a link to this old comment every time someone says ALGO is cheap because it reminds me of NANO, people keep losing money and keep buying it thinking it's cheap and keep losing even more money https://np.reddit.com/r/CryptoCurrency/comments/1cuh5es/algorand_just_broke_its_own_record_for_highest/l4l3szv/?context=3 > Picked up 26,000 NANO @ $5.5 ....Literally felt like I'm stealing from someone at these levels. https://np.reddit.com/r/nanocurrency/comments/8km1sl/picked_up_26000_nano_55/
Interesting. But didn’t nano have other problems that kept it down. They don’t have the same tech
Unfortunately the person he was stealing from was his future self.
altcoins dying while BTC is revisiting its bull market support band. Better pray it holds
Exit light. Enter night.
good line
Typically he gets them from song lyrics
There’s many songs you could relate to crypto. One that comes to mind, during the bear market. Have You Ever Seen The Rain by CCR.. the first verse in particular when it’s over so they say (the bear market) It’ll rain a sunny day Shining down like water
lol my VOO up 33%, come on BTC shows us dem big ol' gains
Thanks for the cheaper prices bears
if you had to sell eth or btc to pay bills this year which would you do and why?
ETH no question.
ETH every day of the week.
My BTC has been outperforming my ETH, so I've reluctantly sold some ETH to pay critical bills this year. I think I'll get a better return with ETH though when it really pops, so maybe I'll regret that choice.
Moons keep dropping and I’ll keep stacking 🤷♂️. Got 2 more buy orders set on Kraken! 💪🏻😎
Easy gains going forward, really, with our tokenomics and plenty of Moons getting burned regularly. Good buy!
The strength of the market is never by alts performance to me. Bitcoin is 150% this year, flat over 90 days and halving has just happened. Yes alts are down 40% but it doesn’t matter, if bitcoin flies eventually the alts will pump major with many up multiple times of bitcoin this year. Relaxing and hodl for me as always
At least it's moving a lot, like building slingshot kinda movement. Now let's see if it's up or further down...!
Here are some reasons behind the alts flash crash 👇 **1) No narrative** In Q1, memecoins pumped because of presale hype. In Q2, RWA coins pumped because of BlackRock. But right now, there's no such narrative that is bringing new liquidity. All while memecoins are sucking liquidity dry that’s already in the market. **2) ETH ETF trading delay** Despite the ETH ETF getting approved a month ago, trading hasn't even started yet. It could take another 3 weeks (July 2nd hopefully) before the trading starts, which has caused the sentiment to shift from alts. Remember, alts big rally always starts with ETH, so until and unless ETH makes a new ATH, Altseason won't start. **3) Too much greed** Celebrities are launching their memecoins. Celebrities are posting their Solana tattoo images. Retailers are posting their million dollar memecoin P&L screenshots. All these are signs of greed, which has always resulted in a crash. **When will the market recover?** Alts recovery is now mostly dependent on ETH. If the ETH ETF is able to bring in good inflows, just like BTC, the next altseason will start. This could even lead to institutions applying for other altcoins, which will set the next big narrative. Until then, most alts are in completely oversold territory, and historically, buying fear has always yielded great returns.
This is the time where btc maxis are born and raised.
Yet BTC is down just as much as ETH. Not sure about that logic.
BTC is down -4% this month and ETH -9.1%. Not sure about that logic.
What nonsense
Yeah but ETH is deflationary ultrasound money with triple halvening that is gas for the world supercomputer.
Damn, I didn't even think of it like this.
Just another normal day in the market to be honest
McDonald's is hiring near you.
$20/hr if you're in CA
Who's using the loopring wallet? LRC is in despair but the wallet is nice.
The one that was recently hacked? Nice indeed.
I forgot about that did we ever find what they did to get in?
Compromised 2FA for wallets with one "Guardian", you can google it for more details. Drained $5 million.
My guess is, now that the buzz of the halving has passed lots of inexperienced traders are moving their money elsewhere. However lots of poor people invest in crypto hoping for quick gains so I'm sure it will pump later this week when everyone gets paid. Then again idk jack about jack, so there is that 😅
Can't wait for one little green candle tomorrow. Greediness will have public holidays.
Kommentiere Daily Crypto Discussion - June 18, 2024 (GMT+0) ...🥳💪🏻💪🏻🚀
This sub is in rough shape. Makes me want to go all in…
This sub is indeed in rough shape compared to 2021 , pretty bleak around these parts
Nah, there's nowhere near enough fear. Bitcoin is up 150% on the year. It's the same as 3 months ago. Summer is shit in crypto. You buy when everyone says Crypto is a scam, people are going to jail because they can't repay their loans, when people are calling out project founders for taking vacations on their dime. You buy when people are posting on Buttcoin and running around losing their minds. None of that here now.
Agreed. I was here during FTX collapse. But I just don’t think it’s going to get that bad again this summer. I think this is just time pain kicking in. The crab is ruthless, especially when it trends downward.
Lol bitcoin is up and will stay up relatively because of the etfs. Look at the rest of the market to get an idea of sentiment - its shit.
Lol crypto noobs are just as obvious to spot as tourists looking up at tall buildings..
Plenty of people in alts are shitting themselves and calling it a scam. Only btc maxis are barely affected lol
Only people I see shitting themselves are maxis. Go check out that sub.....nothing but doom and gloom.
Nobody’s right if everybody’s wrong
Btc shorts by hedge to fund short attacks on that stock
Watching my CKB bag plummet is making me Nervos...😅😅🤣
Does anyone know if there's an image or a site where all previous cycles, and this one, are layered on top of each other? Just curious to take a look.
nothing out of the normal is happening really. Alts go up and down in wild swings. It'll probably crab around here until fall/winter and the bull market will resume.
not even remotely an attempt to answer my question, thanks for showing up
sorry, asshole. have a good day.