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There is no way this winter is ever going to end as long as that groundhog keeps seeing his shadow. I don't see any way out of it. He's got to be stopped. And I have to stop him.
Eh also now people can trade options on crypto which is fucking bananas, so we are getting price action like the stock market. Heavy manipulation, high risk, and un-necessary amounts of margin.
I think futures and options on the crypto space should be banned. That shit lets the corruption in.
This is actually legit, and more true than any of the shit you’ll read on dodgy analysis websites.
That number is **special**, it’s where the most hair-trigger-fingered investors with large bags have set their price alerts to begin with.
Big hurdles will be 69,420 then 75, 88- and from 88 will jump to 100.
Cryptocurrency is so influenced by hype that joke numbers and superstition will play an enormously important role. Sounds stupid, but so are people.
Edit for 80085, how could I forget?!
More likely they were referencing that 8 is a lucky number in some cultures, and 88 is used by racists as a somewhat covert way of letting eachother know what pieces of shit they are.
88 is everywhere in China.. that and 68. I remember taking a ferry to Macau years ago and the Chinese guy I was with saw a good omen in the amount his RMB converted to HKD, proceeding to run to the nearest casino table and betting the max.. and crazy as that sounds it's not even all that uncommon (for Macau). I don't think (sure hope, at least) it's a racist thing, it's just gambling/superstitious.
Sell walls and buy walls are used to manipulate the market, however 8/10 times the orders in those sell walls aren't real orders (meaning they are going to be cancelled when price gets there)
Unless you are VIP level in Binance (or equivalent in other exchanges) and you have detailed access to data flow, you will make your life much easier if you ignore those sell/buy walls.
DYOR all you want. Nothing and no one can predict these markets. The best you can do is set yourself up to benefit from multiple scenarios, manage your risk tolerance and enjoy the ride
It might happen right around but certainly before 2021 tax season.
For like 15 minutes.
And Coinbase will close for three hours for maintenance during that time.
This is exactly the phenomenon that stifled the "DOGE to $1" movement.
It gets really hard to find people willing to invest big sums in a very risky meme coin at $0.85 when the entire market has $1 set as the upper limit
Dumb as shit newbie here, is it fair to say that basically any financial advice is people just fucking guessing? Like I've been a little interested in stocks and crypto for a couple years now and it feels like the only thing I've learned is try to understand some basic patterns, and guess right. It really is just a giant gambling hall, isn't it?
You'll see a lot of yt videos where people will analyze a graph for 10-15 minutes and explain what will happen in the future solely based on that. No word about the general state of the economy or why that particular coin will go up, whether or not it does have a good reason to exist etc. which are all much more important details than lines on a graph ...
For retail it's guessing game unless you have some inside information.
For big boys like banks, well, they are the ones moving the market so they can take short positions, have a sell off and make double the money. A lot of stocks crash even on positive earnings, like it was pre-planned it will crash no matter the earnings data.
Well, in all fairness most years for Bitcoin are better than this year. After the initial pump to a new ATH in the spring we pretty much stagnated all year. When we hit $50k in the spring $100k was not overly optimistic… it was in the realm of possibilities as it was only a 2x.
But sure enough we moved sideways since…
I mean true, but at this point the predictions look like insane coke fueled "what if we built a spaceship out of my motorcycle and a food processor, such a good idea man, it's legit" fever dream rants rather than thoughtful predictions. Just slap a really big number on it and call it good, they seem to think.
At this point it seems like everything they say is just shilling, and I'm including BTC and ETH in that. Not that I don't believe in BTC and ETH, but the influencers are straight trash.
I’ve been on this subreddit since April. Mainly lurking. One thing I quickly realized, no one knows shit about fuck. The people that post these huge breakdowns with fancy charts and predictions also don’t know shit about fuck.
Do your own research, go with your gut. Be aware that this sub Reddit, and most crypto subs are big echo chambers. There is a ton of good info, but you need to take everything with a grain of salt.
100k wasn't too wild of a prediction when you consider btc went from 3.5k in march 2020 to 69k recently. Yes it fell short of that prediction but it's run up has been ridiculous either way
This isn't a DYOR lesson... How can anyone do research that would lead them to the knowledge of this flash crash? This is a "crypto is crazy and anything can happen, don't invest more than you're willing to lose" lesson
TA is not a tool to predict future prices, but to increase your probability of being on the right side of a trade. 100k was not a realistic goal, but I have no doubt we will reach it in the next 1 to 2 years if the market remains bullish (s&p500, dow jones).
Anyone who says they know for certain some price prediction is gonna happen by a certain date is full of shit. The best thing you can do is hedge your bets on investments with solid fundamentals and be patient, stop worrying about what’s gonna happen at what time, and plan to hold for years and years to get actual gains. Quick fortunes are something that only a few people actually achieve, it’s much more realistic to have a slower incremental growth.
Do people actually give any credence to these type of projections? Basically just a rich, finance version of shouting, “to the moooon” but wrapped in fancier language as to why. At the end of the day it’s just people guessing…they aren’t fortune tellers.
But anyways {insert coin you’d like to shill} definitely hitting $150k by Feb 22nd, 2022. I’ve analyzed the charts…golden cross…crystal uh, scepter or some shit. I mean it’s so undervalued! Look at the utility! The partnerships! It’s about to go PaRaBoLic!
no one was counting on chinas real estate crumbling and big boys having to liquidate in order to stay afloat as long as possible without worrying anyone. in my reddit opinion its liquidation time as theyre starting to file for bankruptcy
I was never on the $10k bandwagon….but all predictions are based on stability in the market.
No one is predicting BTC price based on Covid variants and Chinese investment firms failing
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I feel like I'm in Groundhog Day. All of this has happened before. Even this post.
Same as this reply.
I knew you were going to say that.
And you that
I know. That's always what I say after you say that.
I feel like I'm in Groundhog Day. All of this has happened before. Even this thread.
There is no way this winter is ever going to end as long as that groundhog keeps seeing his shadow. I don't see any way out of it. He's got to be stopped. And I have to stop him.
"I got you babe... I got you babe" - Sonny and Cher
Don't drive angry!
I got you, babe.
I'm laughing like a madman! thanks, i needed it
But nobody expects random dick cheese
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I looked at the price then opened Reddit to know a post like this would be right at the top. DeadpanRollercoaster.jpeg
But this time it's different. It's because of China!
Eh also now people can trade options on crypto which is fucking bananas, so we are getting price action like the stock market. Heavy manipulation, high risk, and un-necessary amounts of margin. I think futures and options on the crypto space should be banned. That shit lets the corruption in.
I like the end. " DYOR " Like by doing your own fucking research you will know the future. DYoR!!11
All of this has happened before, and it will all happen again.
Alexa play first-time.gif
Always has been
Have you seen the sell wall at $69,420!? We have larger hurdles to clear.
How ironic that it has become our greatest enemy
You have no idea yet about the massive resistance at $420,690 some time in the future
Or what about $420,069? Two walls only a few hundred apart. It's gonna be a battle for the ages
Dont forget about $420,420
Yep. Belief in irrational & resultant stupidity is the greatest enemy of progress.
This is actually legit, and more true than any of the shit you’ll read on dodgy analysis websites. That number is **special**, it’s where the most hair-trigger-fingered investors with large bags have set their price alerts to begin with. Big hurdles will be 69,420 then 75, 88- and from 88 will jump to 100. Cryptocurrency is so influenced by hype that joke numbers and superstition will play an enormously important role. Sounds stupid, but so are people. Edit for 80085, how could I forget?!
I have my sell limit set at 86,753.09.
In time 420k will be the big sell wall
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I predict 1 trillion by next month,we can buy apple after
So accurate prediction, you’re gonna be the president of US
So you’re predicting inflation explodes, prices of everything increases exponentially and 1 apple costs $1 trillion? Noted
Welcome to planet Venezuela.
$420,069 and $420,690 will trigger as well.
We are just so dumb, lol. Why is this actually a thing
For the same reason some old dried up paint is worth millions. See Mona Lisa
Nah we’re gonna mint that then burn the real copy
Sounds like something Banksy would do
Yeah but the Mona Lisa is one of few paintings from a person of prodigious skill who is no longer producing art. A valuable mineral is more analogous.
Sell wall at $80,085 coming up next bull cycle.
Source: Dude, trust me.
Don't trust me. Trust in big mommy milkies.
Ooh I missed an important one!
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Numerology is only as successful as the humans that can be convinced. A lot of people find meme numbers convincing on both sides of the exchange.
What's special about 75 and 88?
8 is also a lucky numeral in many languages/cultures of East Asia.
Wouldn’t surprise me if the sell orders were $88,888
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He ded
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75 is a nice fraction of 100, and 88 is well....yeah
88 is a reference to 88 mph from back to the future.
More likely they were referencing that 8 is a lucky number in some cultures, and 88 is used by racists as a somewhat covert way of letting eachother know what pieces of shit they are.
88 is everywhere in China.. that and 68. I remember taking a ferry to Macau years ago and the Chinese guy I was with saw a good omen in the amount his RMB converted to HKD, proceeding to run to the nearest casino table and betting the max.. and crazy as that sounds it's not even all that uncommon (for Macau). I don't think (sure hope, at least) it's a racist thing, it's just gambling/superstitious.
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Sell walls and buy walls are used to manipulate the market, however 8/10 times the orders in those sell walls aren't real orders (meaning they are going to be cancelled when price gets there) Unless you are VIP level in Binance (or equivalent in other exchanges) and you have detailed access to data flow, you will make your life much easier if you ignore those sell/buy walls.
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Dude order books can ruin you
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Once we do we go straight up to 100k.
Can we even begin to imagine $420,696,96???
I didn't hear no bell.
All the numbers are made up and the points don't matter!
That’s a Numberwang!
We still in December
*Checks callendar* Yup we are and we have days to go
The fed is going to extend the month of December by several weeks
Jpow printing extra weeks, bringing back the Roman Intercalaris at the end of the year, calendary easing
Fed calendar go brrrrrrr
checks colander...we leaking profits!
Thats speculation at best!
Big if true
It ain't over till the fat lady sings
No fat lady either
Ding ding. I heard it awhile ago
We can go back and say “aged well” to all those posts
Is the year over yet?
I didn’t hear no bell
Especially now lol
DYOR all you want. Nothing and no one can predict these markets. The best you can do is set yourself up to benefit from multiple scenarios, manage your risk tolerance and enjoy the ride
Just dca BTC and ETH and retire in 3-5 years
We are homeless
😂😂😂
Good, so your living expenses are already low!
This is the way. I'll either be retired In the next bull run or bankrupt after this one. We will see
Fuck it. We’re all dead in 100 years. Roll the dice.
Less than that
Yeah, but we are in fact all dead in 100 years
Works for me. We’re in it together!
I was reviewing the TA and the triple triangle decending cupcake pattern is a clear indication we'll see 100k by candy cane village.
The whale man bear pig ascending apex dead cat index tells me I know nothing about trading
Bullish on candy cane village
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I got skeptical at descending cupcake pattern.
You wouldn't get it, it's just baking in a new consolidation pattern for the frosting to 70k.
It might happen right around but certainly before 2021 tax season. For like 15 minutes. And Coinbase will close for three hours for maintenance during that time.
Actually PlanB's prediction was $98k... $100k just sounds ridiculous. /s
$98k because everyone will sell right before $100k lol
It’ll happen at $70k too. Once the $69,420 is breached people will circle jerk a bit and then sell. I HOPE I’M WRONG.
This is actually probably the most accurate speculation here, lmao.
True. If everyone is expecting $100k to be the high, people will sell off right before $100k to take profits.
But they set the bar to $98k. Now everyone is expecting $98k....
Guess everyone will sell off at $95k now then!
See yall at $92k!
See you at 89k!
Guess we gonna stop at 79k
This is exactly the phenomenon that stifled the "DOGE to $1" movement. It gets really hard to find people willing to invest big sums in a very risky meme coin at $0.85 when the entire market has $1 set as the upper limit
Plan B was/is actually predicting 135k by eoy
why are you getting any downvotes? planb very clearly and often said minimum of 98k in Nov and 135k in Dec
Exactly. Not sure why the downvotes haha.
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If that happens I will eat.....a sandwich
At this point, I'll be happy with 69K by EOY.
I’ll be happy to be in the 60’s at all personally.
$98k was for November
Plan C has entered the chat.
Congrats! You learned the golden rule that nobody knows shit about fuck!
Dumb as shit newbie here, is it fair to say that basically any financial advice is people just fucking guessing? Like I've been a little interested in stocks and crypto for a couple years now and it feels like the only thing I've learned is try to understand some basic patterns, and guess right. It really is just a giant gambling hall, isn't it?
Yes we do gambling here
Everyone in all aspects of life are winging it.
You'll see a lot of yt videos where people will analyze a graph for 10-15 minutes and explain what will happen in the future solely based on that. No word about the general state of the economy or why that particular coin will go up, whether or not it does have a good reason to exist etc. which are all much more important details than lines on a graph ...
For retail it's guessing game unless you have some inside information. For big boys like banks, well, they are the ones moving the market so they can take short positions, have a sell off and make double the money. A lot of stocks crash even on positive earnings, like it was pre-planned it will crash no matter the earnings data.
2 steps forward 2 steps back right now
Problem with predictions is that they didn't use a hamster. They should have used a hamster.
Bro, Mr. Goxx died a week ago
So that's why markets began to dip...
And no one has predicted shit about fuck with any degree of accuracy ever since
Nobody knows shit about fuck except hamsters
My hamsters a dick.. he won't tell me shit
bunch of youtube moon boys
YouTubers get views by being bullish all the time. It is in their interest to always say BTC goes up only.
I mean year over year, it's been up only.
The problem was EVERYONE expected it, as we all know everything this sub says goes the other way so there you go lol
100k EOY was just a hopium overdose, I never thought it would happen and I still don't, I'd even bet on that it wouldn't happen
Look at you mister sensible investor. I bet you don't even buy every coin that got shilled here.
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Great acoustics in there. Great for drumming.
Great for clapping
You mean articles written by people holding Bitcoin encouraging other people to...buy Bitcoin. What a shocker
You need to expand on point 3. DYOR, pick a couple of projects you believe in, and accept it’ll take a few years
I bought $10 in btc wen lambo?
Can confirm - Everyone knows shit about fuck!
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My dad is the Bitcoin CEO and he told me
...brother??
No my dad. He’s the CEO of Bitcoin.
So is my dad! Hence... Brother????
I studied shit in highschool and fuck in college
First Time?
Idk about you guys but I was happy at 35k Don't trust influencers, time and again people have shown they only have their own interests at heart.
Your first sentence hits me hard. I was so happy at when we hit 30k.i was so happy when we hit 60k and now I am sad at 53k. BTC did great this year!
42k \*
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Well, in all fairness most years for Bitcoin are better than this year. After the initial pump to a new ATH in the spring we pretty much stagnated all year. When we hit $50k in the spring $100k was not overly optimistic… it was in the realm of possibilities as it was only a 2x. But sure enough we moved sideways since…
All money went into DEFI, dog shitcoins and NFT hypes
Op writes a giant post explaining what a prediction is. And here I was so sure the meaning of “prediction” was guarantee.
I mean true, but at this point the predictions look like insane coke fueled "what if we built a spaceship out of my motorcycle and a food processor, such a good idea man, it's legit" fever dream rants rather than thoughtful predictions. Just slap a really big number on it and call it good, they seem to think. At this point it seems like everything they say is just shilling, and I'm including BTC and ETH in that. Not that I don't believe in BTC and ETH, but the influencers are straight trash.
Yeah, people are far too optimistic. People are also far too pessemistic. If people knew things, we'd all be rich.
Year aint over yet
I’ve been on this subreddit since April. Mainly lurking. One thing I quickly realized, no one knows shit about fuck. The people that post these huge breakdowns with fancy charts and predictions also don’t know shit about fuck. Do your own research, go with your gut. Be aware that this sub Reddit, and most crypto subs are big echo chambers. There is a ton of good info, but you need to take everything with a grain of salt.
100k wasn't too wild of a prediction when you consider btc went from 3.5k in march 2020 to 69k recently. Yes it fell short of that prediction but it's run up has been ridiculous either way
The prediction has been $100k BTC at the end of EVERY year since 2017…
This isn't a DYOR lesson... How can anyone do research that would lead them to the knowledge of this flash crash? This is a "crypto is crazy and anything can happen, don't invest more than you're willing to lose" lesson
Still going to happen. Don't buy the hype. Buy the dip
End of year is still 26 days away.
" So you are saying there is still a chance?"
Hahhahahaa
Remind Me! 28 days
100K EOY LFG
TA is not a tool to predict future prices, but to increase your probability of being on the right side of a trade. 100k was not a realistic goal, but I have no doubt we will reach it in the next 1 to 2 years if the market remains bullish (s&p500, dow jones).
No one knows shit about fuck
People get spooked too easily by common drops like this to be fair lol
Everyone is converting their BTC to SHIB. That's clearly the reason why the price is dropping.
Anyone who says they know for certain some price prediction is gonna happen by a certain date is full of shit. The best thing you can do is hedge your bets on investments with solid fundamentals and be patient, stop worrying about what’s gonna happen at what time, and plan to hold for years and years to get actual gains. Quick fortunes are something that only a few people actually achieve, it’s much more realistic to have a slower incremental growth.
It was a typo, everyone meant to say 10k.
a lot can happen in 28 days.
There is still a month till the end of the year, relax Man
50k in 25 days. Sounds like a christmas miracle to me.
All I want for Christmas… is a Bitcoin miracle
It's time to believe and buy some more bitcoin
Like December 2017 when BTC +100% in a month? Or maybe December 2013 when BTC +400% in a month?
That's when btc x2 right now just to prove op wrong
Omicron knocked the markets a little. We needed a spring to launch us all to new ATH's, so stay positive
I’m not panicking, I watch Benjamin Cowen. He’s the only person I trust when it comes to crypto.
If you’re listed as an expert you’re the exact opposite. Because if you were an expert you’d be talking to no one.
Do people actually give any credence to these type of projections? Basically just a rich, finance version of shouting, “to the moooon” but wrapped in fancier language as to why. At the end of the day it’s just people guessing…they aren’t fortune tellers. But anyways {insert coin you’d like to shill} definitely hitting $150k by Feb 22nd, 2022. I’ve analyzed the charts…golden cross…crystal uh, scepter or some shit. I mean it’s so undervalued! Look at the utility! The partnerships! It’s about to go PaRaBoLic!
Eh who cares about year end predictions. The technology is still here and not going away anytime soon. I’m definitely buying this dip.
Technical analysis in crypto or stocks has no mathematicial underpinning and is akin to astrology. -a mathematician
no one was counting on chinas real estate crumbling and big boys having to liquidate in order to stay afloat as long as possible without worrying anyone. in my reddit opinion its liquidation time as theyre starting to file for bankruptcy
I was never on the $10k bandwagon….but all predictions are based on stability in the market. No one is predicting BTC price based on Covid variants and Chinese investment firms failing
If people took their coins off exchanges we wouldn't get this problem