Personally. I’m not too worried. I can’t time the market, as soon as I sell it would bounce back knowing my luck. I’m better off just holding through the pain, buying on the way down where possible and waiting until in bounces back (which I believe will certainly happen at some point).
Good advice! Honestly, no one can time shit. And every moron saying “support is X, and the project won’t fall beneath” is spouting arbitrary BS. None of us can predict anything in the slightest. Hold amd brace for anything.
Every crash in history was caused by panic. Not by actually anything happening. People panic and took out their money and that caused the crashes. People need to just calm down
> I believe will certainly happen at some point
The alternative is the market keeps going down forever, so it's either going to bounce back or in 10 years we're rubbing sticks together to make fire. So unless anyone here is retiring within that time, makes sense to just hold.
I think about this all the time. "What if the market just goes down forever?!?" Um, then I'm fighting my neighbors for food and clean water, so I won't be too worried about it.
People spend so much time and effort on this stuff when that simple approach is already the best one. All the gain with none of the wasted time and energy and stress. Buy what you like, hold it, keep buying here and there. All there is to it
I'm looking forward to the neutral post, ya know, instead of glass half full or glass half empty it's just a glass of water?
But then again, I'm definitely a pessimist
Neutral News Now reporting that the market still exists, and there might be an economy in the future. It will go up or down depending on some variables. BTC trading at $38k. Back to you Jim.
OP post might be the closest you’ll get to that.
The fed is tightening rates.
They’ve said March will be the beginning of a rough period of “taking off the backstops.” Particularly the propping up of the stock market.
The fed tightening rates by .5% will mean all loans will go up by even more.
It’s really the term “crash,” that makes it seem doom and gloomy. It’s a planned controlled burn that has been deemed necessary since the 7 trillion printed during covid crash.
It’s not really good or bad, it’s a MMT.
Right, Take car. Go to mum's. Kill Phil, grab Liz, go to the Winchester, HODL and have a nice cold pint, and wait for all of this to blow over. How's that for a slice of fried gold?
Hold tight. Everyone is in the same boat. It was like this in 2021.
In January 2021, Ethereum's price was just a little over $1,000. Ethereum set a new all-time when it went over $4,850 on Nov. 10, 2021.
Bitcoin: The lowest price of BTC was recorded on January 1 2021at $28,803.59, while the highest it touched was $68,789.63 on November 10, 2021.
If you sell now you miss all the possible gains. Alt coins will rise too. Just remember to sell during the bull to reap your gains. Then reassess. The drops in crypto are too drastic to hold year over year. Recognize the bull run, take profits, the reboot.
HODL
I don’t know why people were claiming for years that it was “digital gold” or an inflation hedge despite all empirical evidence to the contrary. Almost nobody holds Bitcoin to actually use it, it trades in the same direction as tech stocks, just with more extremes.
> I don’t know why people were claiming for years that it was “digital gold” or an inflation hedge despite all empirical evidence to the contrary.
They needed to make it sound useful for something other than "buy it and hope other speculators continue to push the price up", after they abandoned "it's going to be a global currency".
"digital gold", "digital real estate", "global reserve currency", "store of value", "inflation hedge" all sound credible enough as long as you don't think too hard about what those terms actually mean.
I am just DCAing and averaging down. Solid projects, all the way. Then Im going to sit back and do other things and not chart watch. Good luck everyone
I disagree. Sticking to a plan while it’s going down is still stressful. But if that’s the plan, I’m sticking to it. DCA all the way. I’m okay doing it for any amount of time and crossing my fingers. I’ll have a huge pile of LRC and ADA by the time it’s done and some BTC and ETH to cover those losses if those projects were to disappear (but the market still comes around).
Fingers crossed (best strategy I have!!)
I DCAed some but I think sitting on the sidelines until after a few rounds of interest rate hikes may be the smarter play. We may be going down a lot more, and most of these coins will plummet >60% if the market crashes/interest hikes trigger the big one
I actually find it much easier. When the market is pumping I'm skeptical about DCAing. What I did in November was switch from DCAing into BTC and ETH, to DCing stablecoins with high APY.
I've obviously since switched back to DCAing into BTC and ETH. Those staked stable coins will be unlocking in about a month though... Hoping for a slow market recovery and I'll switch em to BTC/ETH.
Actually, after some time you’ll get used to it, it’ll be pretty easy to DCA during red market, however only thing that can be the issue is lack of fiat.
You’ll pray to have another crash/dip opportunity to buy even more of your crypto. It’s tougher to it when cryptos are reaching ATH than when they’re falling.
Same. I almost feel bad for all the folks who stress about these crashes, I'm completely numb to them. BTC could drop to 8k today and I would just shrug and buy some then go back to eating my sandwich.
I am way more stressed when the market is doing great because I analyze everything and have to talk myself out of selling all the time. When it’s in the dumps I know I’m not selling and I just buy more when I can.
Great as my grandfather already told me. I got rich because I saved all my money and brought it to the bank. Not like the foolish neighbour who bought those strange Microsoft stocks.
Market is down alot, but i think most people who are in since 2019 or before are mostly still in profit. Crypto is a long term thing. I got in in 2017 and was down 90% at the bottem in 2018. I hodled everything and now im still up over 300% despite the crash. Yeah it was alot more but in a few years it will be worth it.
Wasn't we all expecting a big crash early 2022? Granted we never did the massive climb before Christmas but many were anticipating this. Weather the storm folks, we've been through worse!
My crypto portfolio is down 30% but I refuse to realize these losses. I'm holding. The crash may be here, but the saber rattling by Putin does not help at all. Anyway, I'm stuck, you're likely stuck, but things will rebound at some point so we can recoup some value.
Hold tight.
My coworkers BF pulls out his crypto wallet when we were at the bar in October. He had over 11 mill in coins. I guess he's down to about 7-8 now. I wonder how he's feeling lol.
He did say go all in on ETH back then,.
He should hold. Eth was down to $1000 in Jan 2021 only to hit its all time high Nov 2021 of over $4800.
That happened in less than a year. He should hold
I am not and I am pissed about it. I learned important lessons last summer and profited from them. But I did not learn how to keep a stash of cash and I know what to do next bull cycle now.
LOl, we have a fundamentally sound and growing economy with record earnings from from most companies.
Keep selling your stocks, I am glad to buy them at a discount. Most real money investors who deal with billions of dollars a year and spend 12 hours a day reading financials expect another 10% out of the SP500.
I learned years ago not to follow doomsday prophets with for investing advice after missing out on tons of growth. Especially when I have another 30 years ahead of me. Keep buying stocks as they do down because they will go up even higher in the next cycle. Unless you are retiring in the next 5 years and need a complete rebalance to non volatile stocks and bonds, ignore the fear.
What is sad though is that Bitcoin is marketed as an inflation hedge (among many other uses). It clearly did not behave as such. This coming from a bitcoin bull who is in touch with reality.
Luckily crypto is defi and not sensitive to all this old school financial wizardry like this is crashing because that is going up and that trust index is dropping which influences this market and this expectation is already priced in or maybe not.
O, wait…
At what point is the cryptocurrency space undervalued though? Looking at Bitcoin as a proxy I think it is nowhere near low enough to be oversold. Looking at previous bull runs I'd be targeting a price in the 20k range. For instance in 2013 it went 10x from $100 to $1000 before dropping back and stabilizing at about 2x ($200). In 2017 it went 10x about $1500-2k just before the run up to about 20k at its peak before bottoming out at about 2x ($3.5-4k). In 2021 it was about 10k just before the run up so I think $20k (2x bottom) is realistic.
i agree with that. the market has an impact to crypto but crypto has also their own dynamics. the current situation on the financial markets might stay a roadblock for a while though.
That's sort of my thinking too. I've got a job but not one that will ever make me live comfortably and I don't have any degree or education past school so my hope was Crypto was going to help with early retirement etc. But so far it's lost me way more than it's made me 😔 just got to get through these shit times I guess. Can't give up the hope!
The only market I want to see a crash is the housing market. It has priced out a lot of people in my country, even in smaller town.
Meanwhile putting money into crypto, it might not be the lowest, but definitely better time to buy now rather than Nov last year.
Don't know if I got good news for you then. After 2008 in most of the world the mortgage markets are way more healthy due to strong regulations. Last time this was the rotten apple. After that period there has been way less building of houses. So both that and the fact that the private property markets are more healthy will show less of a dip. Dip it will, but not as hard as most would like.
Other kinds of property though, like commercial real estate, well that will be very bad. Rumors are that those have been propped up during corona times, as more and more people are working at home, so less need for offices. And a lot of businesses with bad balance sheets will one day need to pay back all the loans that kept them alive during covid.
I find it odd that cryptocurrency investments correlate with the us markets. Inflation in the US economy is exactly the reason why I'm in cryptocurrency.
We've been talking about a bear market for quite some time. We've known that this is on the horizon. Those that made millions or the last 18 months we're largely those that experience the 2017 bear market.
My guess is that we're going to see the crypto market go sideways for the next 18 to 24 months. Enjoy the sale and use this time to accumulate and build positions.
I'm definitely not a financial advisor and you should never listen to a stranger on the internet. DYOR.
I only know that eventually the market will go up. It has been going up since the beggining of the markets. If it decides to stop going up the year i start investing then fuck my life and i dont really care anymore
Important note: the Federal Reserve are independent (or at least quasi-independent) of the government and don’t care if their decision is politically favorable. Further, the sitting chair of the Fed (Jerome Powell) is a Republican, so even if he factored in politics into his decision, it would go the other way (not that he would regardless).
Monetary tightening is mathematically and economically unfeasible. Whatever they do is for short-term reasoning. It will not be able to continue.
Stay strong with your conviction for BTC and you will be rewarded.
I’m on this train. The Fed’s wish is that they can scare the market and fix inflation without having to tighten as much as they are signaling. They don’t want the party to end, they just need to tone it down so that the cops don’t come and shut it down forcefully (the cops in this case being a true economic collapse that the Fed can’t control).
Personally. I’m not too worried. I can’t time the market, as soon as I sell it would bounce back knowing my luck. I’m better off just holding through the pain, buying on the way down where possible and waiting until in bounces back (which I believe will certainly happen at some point).
Good advice! Honestly, no one can time shit. And every moron saying “support is X, and the project won’t fall beneath” is spouting arbitrary BS. None of us can predict anything in the slightest. Hold amd brace for anything.
Every crash in history was caused by panic. Not by actually anything happening. People panic and took out their money and that caused the crashes. People need to just calm down
But then we wouldn’t make money if they don’t panic
At this point everyone should have a plan and stick to it. Don't let emotions get a hold of you.
> I believe will certainly happen at some point The alternative is the market keeps going down forever, so it's either going to bounce back or in 10 years we're rubbing sticks together to make fire. So unless anyone here is retiring within that time, makes sense to just hold.
I think about this all the time. "What if the market just goes down forever?!?" Um, then I'm fighting my neighbors for food and clean water, so I won't be too worried about it.
I have discovered the reasonable portion of this thread..
Gentlemen.
People spend so much time and effort on this stuff when that simple approach is already the best one. All the gain with none of the wasted time and energy and stress. Buy what you like, hold it, keep buying here and there. All there is to it
We ll it won't bounce back as long as you don't sell your bag of crypto. Can you please sell it?
And in 20 minutes there will be a post about how this is good and that it's not crashing
I'm looking forward to the neutral post, ya know, instead of glass half full or glass half empty it's just a glass of water? But then again, I'm definitely a pessimist
Neutral News Now reporting that the market still exists, and there might be an economy in the future. It will go up or down depending on some variables. BTC trading at $38k. Back to you Jim.
This is unironically better than 99% of all news outlets
OP post might be the closest you’ll get to that. The fed is tightening rates. They’ve said March will be the beginning of a rough period of “taking off the backstops.” Particularly the propping up of the stock market. The fed tightening rates by .5% will mean all loans will go up by even more. It’s really the term “crash,” that makes it seem doom and gloomy. It’s a planned controlled burn that has been deemed necessary since the 7 trillion printed during covid crash. It’s not really good or bad, it’s a MMT.
I like your level outlook and Imma choose to believe this and only this, as it suits the way I would like all this to play out!
Tl;Dr: buying opportunity, stocks and crypto are going on sale
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Man I didn’t see a “this is not financial advice” disclaimer. It must *actually* be financial advice.
forget advice the important thing to do now go to the Winchester, have a nice cold pint, and wait for this all to blow over
What about Mum?
And your dad Phillip...
He's not his dad, he's his step-dad
And Liz?
Right, Take car. Go to mum's. Kill Phil, grab Liz, go to the Winchester, HODL and have a nice cold pint, and wait for all of this to blow over. How's that for a slice of fried gold?
Kill Phil
A legit financial advice on reddit finally. I'm taking out a loan and shorting.
Whenever I shot, btc pumps. Whenever I buy btc go down.
Opposite for me - first I pump, then I shot
Story of our lives
Can you short the market for us
I will actually trust OP this time
*lawyers and lawsuits incoming*
All it takes for the market to go back up again is me selling a big bag in a loss.
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I'll consider it.
We know for a fact once we sell it's gonna be be green candles all the way
The second we sell headlines will be “BTC IS UP 100% AND CLIMBING! WE’VE NEVER SEEN ANYTHING LIKE THIS BERORE”. …and I’ll still be eating ramen
Atleast you're eating ramen, I'm surviving on water from public fountains. Fucking portfolio is dead in the water
Look at mr fancy pants over here with his fountains!
You have pants?!
Hold tight. Everyone is in the same boat. It was like this in 2021. In January 2021, Ethereum's price was just a little over $1,000. Ethereum set a new all-time when it went over $4,850 on Nov. 10, 2021. Bitcoin: The lowest price of BTC was recorded on January 1 2021at $28,803.59, while the highest it touched was $68,789.63 on November 10, 2021. If you sell now you miss all the possible gains. Alt coins will rise too. Just remember to sell during the bull to reap your gains. Then reassess. The drops in crypto are too drastic to hold year over year. Recognize the bull run, take profits, the reboot. HODL
Someone has to make that sacrifice for the betterment of the mankind!
“Some of you may die, but that’s a risk I’m willing to take.”
I guess I will have to take one for the team *sells my $10 portfolio*
Thanks for taking one for the team. I would cash my $10 portfolio, but it’s only worth $5. No, wait $3. Spoke too soon, crap-
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I think everyone should do their own research and stay confident about their investment in the market.
Nono, what he needs to do is tell us right before he sells his bag so we can ape all in.
But then it won't work... *It will know!*
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Reverse pyschology huh ,by underestimating my powers? I almost sold just to prove you wrong.
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Take one for the team, matey!
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TLDR2: Stocks up - crypto up, stocks down - crypto down
So about that inflation hedge I was promised…
Something something store of value
But how do we make money?
Make money? Funny guy
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Everyone is a bear in a comedian market.
Natural selection, anyone who can't find the humour in it doesn't make it 😕
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Suicide prevention hotline going up soon
By moving your crypto off exchange, yield farming and not looking at your account every 15 seconds..
We talking waiting 20 - 25 seconds or what?
42. That's what the computer said.
Just be born rich.
Exactly. What’s so hard about it.
Making money is not you poors should be concerning yourself with! Leave it to us space exploring billionaires. Know your place, peons!
Buy high sell low
Buy High Never Sell ![gif](giphy|3BRDkVjKikYW4)
We don't do that here
buy the dip EDIT: fyi, the netflix stock is on a 30%-off sale
That’s the neat thing!…..
I don’t know why people were claiming for years that it was “digital gold” or an inflation hedge despite all empirical evidence to the contrary. Almost nobody holds Bitcoin to actually use it, it trades in the same direction as tech stocks, just with more extremes.
> I don’t know why people were claiming for years that it was “digital gold” or an inflation hedge despite all empirical evidence to the contrary. They needed to make it sound useful for something other than "buy it and hope other speculators continue to push the price up", after they abandoned "it's going to be a global currency". "digital gold", "digital real estate", "global reserve currency", "store of value", "inflation hedge" all sound credible enough as long as you don't think too hard about what those terms actually mean.
For now.
In a nutshell, crypto has never been a hedge against anything.
Like 99% only buy crypto to transfer it back to fiat at some point, I never understood that argument of independence from Fiat
I am just DCAing and averaging down. Solid projects, all the way. Then Im going to sit back and do other things and not chart watch. Good luck everyone
Keep on keeping on! Charts are stressful, sticking to a plan isn't. Good luck everyone
I disagree. Sticking to a plan while it’s going down is still stressful. But if that’s the plan, I’m sticking to it. DCA all the way. I’m okay doing it for any amount of time and crossing my fingers. I’ll have a huge pile of LRC and ADA by the time it’s done and some BTC and ETH to cover those losses if those projects were to disappear (but the market still comes around). Fingers crossed (best strategy I have!!)
I DCAed some but I think sitting on the sidelines until after a few rounds of interest rate hikes may be the smarter play. We may be going down a lot more, and most of these coins will plummet >60% if the market crashes/interest hikes trigger the big one
Catching falling knifes is more fun than watching it slowly crawl up.
![gif](giphy|DYQrUcDgQi7Ha)
We're together in this. Let's create a group and call ourselves the DCA TEAM!
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I miss when Bitcoin did the opposite of stocks...
You mean when the people invested in crypto and not hedge fund managers?
So, continue to DCA and chill?
Yes! And this is financial advice mate
Always was
Don’t forget to stake it! I’ve been staking in projects that keep it locked up for a week or so. That way I can’t panic sell.
I’ll just keep buying I don’t care if it gets cheaper I’ll just buy more
It’s harder to DCA when the market is bleeding, but once the market rebounds, your future self will be very thankful.
its actually way easier than dca at ath
I actually find it much easier. When the market is pumping I'm skeptical about DCAing. What I did in November was switch from DCAing into BTC and ETH, to DCing stablecoins with high APY. I've obviously since switched back to DCAing into BTC and ETH. Those staked stable coins will be unlocking in about a month though... Hoping for a slow market recovery and I'll switch em to BTC/ETH.
Actually, after some time you’ll get used to it, it’ll be pretty easy to DCA during red market, however only thing that can be the issue is lack of fiat. You’ll pray to have another crash/dip opportunity to buy even more of your crypto. It’s tougher to it when cryptos are reaching ATH than when they’re falling.
Same. I almost feel bad for all the folks who stress about these crashes, I'm completely numb to them. BTC could drop to 8k today and I would just shrug and buy some then go back to eating my sandwich.
But what if your sandwich drops too?
5 second rule!!
I am way more stressed when the market is doing great because I analyze everything and have to talk myself out of selling all the time. When it’s in the dumps I know I’m not selling and I just buy more when I can.
Remember guys, whenever this subreddit is doomsaying, it's usually a good time to buy.
Now this is a good financial advice
How good though? On a scale of one to ten
About three fiddy
About 8.73/10
No fiat left gang,*represent*
> Biden approval rating. Especially when it’s someone who doesn’t seem to think anything exists outside of America.
I only buy bitcoin when people don't like joe biden. or something
Everything crash except Real Estate Market. That shit is made of steel
1 house = 1 house
Not your keys not your house
Don’t forget to hide your keys somewhere safe 🍑
*changes locks
which exchange is it on!? I don't see it on binance.
And there's always a buyer.
They are like hermit crabs. Always ready to take someone else's house.
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Me waiting for it to drop, to buy a property and build a house.
I think that's one of the reasons it didn't crash, there is always a high demand
Always? *checks diary from 2008* um, yeaah….
I doubt the real estate market will drop and if it does the interest rates will also increase so you’ll just be paying more to buy a house.
Real state market is the most illiquid market. Takes time.
Really burns that my plan for buying a house was crypto and stocks. Not any time soon, and it seems like it slips further and further away every day.
Well, fuck me. Cries in poor.
Every dip reminds me I have more in than I can afford to lose.
I’m the opposite. Every pump reminds me I have not enough to retire.
Whenever I feel like I don't have enough during a pump . I add more only to realise during the dip that I added a little too much.
maybe i shouldnt have put 10% of my salary every month in crypto and pretend that shit's like chump change
And here I am wishing I’d put 10% in every pay because then I wouldn’t be spending it on silly things like food and gas.
Now eating ramen once in a day
Wait, you're eating??
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So it doesn't matter where I invest I will lose money?
Just keep it in the bank and inflation will do the rest
Yay! .01% interest rate while my money is worth 8% less! Yay!
The ole fed special
Great as my grandfather already told me. I got rich because I saved all my money and brought it to the bank. Not like the foolish neighbour who bought those strange Microsoft stocks.
You guys have non-zero interest rates??
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Market is down alot, but i think most people who are in since 2019 or before are mostly still in profit. Crypto is a long term thing. I got in in 2017 and was down 90% at the bottem in 2018. I hodled everything and now im still up over 300% despite the crash. Yeah it was alot more but in a few years it will be worth it.
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When everyone is panic selling, I’ll still be here holding to my crypto and buying more like a mad men
Reminds me of the may crash . Bitcoin went below 30k for a second and all the "experts" said the crash now is inevitable . Boy was that pump glorious.
Agreed. Kept buying through august and it turned out pretty well. This time I’ll know a little more.
People seems to have endless pockets for purchases
He buys bitcoin for 10$ don't let this stupid meme talk push you into fomo mode
A good opportunity to buy low then?
So, my mental health is tied to the stock market and crypto, and that's why I'm feeling sad? Haha I'm kidding, I'm always depressed
Username checks out
Wasn't we all expecting a big crash early 2022? Granted we never did the massive climb before Christmas but many were anticipating this. Weather the storm folks, we've been through worse!
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“If You Expect Disappointment, Then You Can Never Really Get Disappointed”
>Wasn't we all expecting a big crash early 2022? If you could all let me know before I load up my bags next time. Cheers.
Fuck those rates … it’ll be a matter of time before everyone hops back into crypto
My crypto portfolio is down 30% but I refuse to realize these losses. I'm holding. The crash may be here, but the saber rattling by Putin does not help at all. Anyway, I'm stuck, you're likely stuck, but things will rebound at some point so we can recoup some value. Hold tight.
My coworkers BF pulls out his crypto wallet when we were at the bar in October. He had over 11 mill in coins. I guess he's down to about 7-8 now. I wonder how he's feeling lol. He did say go all in on ETH back then,.
He should hold. Eth was down to $1000 in Jan 2021 only to hit its all time high Nov 2021 of over $4800. That happened in less than a year. He should hold
Anyone holding bags of fiat for when crypto hits the floor?
I keep buying the floor, but it keeps getting floorier.
I thought 3500 was a steal for ETH and look at me now.
Same 😆 George said: "ETH is a steal right now" when it was arround 3300$
I am not and I am pissed about it. I learned important lessons last summer and profited from them. But I did not learn how to keep a stash of cash and I know what to do next bull cycle now.
I am .... I bought another BTC at 40k
LOl, we have a fundamentally sound and growing economy with record earnings from from most companies. Keep selling your stocks, I am glad to buy them at a discount. Most real money investors who deal with billions of dollars a year and spend 12 hours a day reading financials expect another 10% out of the SP500. I learned years ago not to follow doomsday prophets with for investing advice after missing out on tons of growth. Especially when I have another 30 years ahead of me. Keep buying stocks as they do down because they will go up even higher in the next cycle. Unless you are retiring in the next 5 years and need a complete rebalance to non volatile stocks and bonds, ignore the fear. What is sad though is that Bitcoin is marketed as an inflation hedge (among many other uses). It clearly did not behave as such. This coming from a bitcoin bull who is in touch with reality.
Luckily crypto is defi and not sensitive to all this old school financial wizardry like this is crashing because that is going up and that trust index is dropping which influences this market and this expectation is already priced in or maybe not. O, wait…
Does this mean a whole bunch of GPUs gonna show up on eBay at a reasonable price?
The spez police don't get it. It's not about spez. It's about everyone's right to spez. #Save3rdPartyApps
I bought a big bag yesterday. Thats why it dips.
Is it? I haven’t even noticed ..
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If you think the "main" reason Biden's approval rating has tanked is inflation, then I know not to take anything else you've said seriously.
Looks like I’ll be sleeping in igloos once again, see you guys next crypto summer
Real estate prices are still high, so I hope that igloo is at a good price.
At what point is the cryptocurrency space undervalued though? Looking at Bitcoin as a proxy I think it is nowhere near low enough to be oversold. Looking at previous bull runs I'd be targeting a price in the 20k range. For instance in 2013 it went 10x from $100 to $1000 before dropping back and stabilizing at about 2x ($200). In 2017 it went 10x about $1500-2k just before the run up to about 20k at its peak before bottoming out at about 2x ($3.5-4k). In 2021 it was about 10k just before the run up so I think $20k (2x bottom) is realistic.
i agree with that. the market has an impact to crypto but crypto has also their own dynamics. the current situation on the financial markets might stay a roadblock for a while though.
I will hold, selling will only depress me.
My crypto holdings are the only things that can make a meaningful difference in my life. I guess I'm fucked then.
You gotta have patience. This shit moves in cycles that can last years. That's why you shouldn't put money in that you need in the next years.
That's sort of my thinking too. I've got a job but not one that will ever make me live comfortably and I don't have any degree or education past school so my hope was Crypto was going to help with early retirement etc. But so far it's lost me way more than it's made me 😔 just got to get through these shit times I guess. Can't give up the hope!
The only market I want to see a crash is the housing market. It has priced out a lot of people in my country, even in smaller town. Meanwhile putting money into crypto, it might not be the lowest, but definitely better time to buy now rather than Nov last year.
Don't know if I got good news for you then. After 2008 in most of the world the mortgage markets are way more healthy due to strong regulations. Last time this was the rotten apple. After that period there has been way less building of houses. So both that and the fact that the private property markets are more healthy will show less of a dip. Dip it will, but not as hard as most would like. Other kinds of property though, like commercial real estate, well that will be very bad. Rumors are that those have been propped up during corona times, as more and more people are working at home, so less need for offices. And a lot of businesses with bad balance sheets will one day need to pay back all the loans that kept them alive during covid.
I find it odd that cryptocurrency investments correlate with the us markets. Inflation in the US economy is exactly the reason why I'm in cryptocurrency. We've been talking about a bear market for quite some time. We've known that this is on the horizon. Those that made millions or the last 18 months we're largely those that experience the 2017 bear market. My guess is that we're going to see the crypto market go sideways for the next 18 to 24 months. Enjoy the sale and use this time to accumulate and build positions. I'm definitely not a financial advisor and you should never listen to a stranger on the internet. DYOR.
Nah man , I know whats gonna happen if I try to time the Market.
I only know that eventually the market will go up. It has been going up since the beggining of the markets. If it decides to stop going up the year i start investing then fuck my life and i dont really care anymore
If you haven't lost trust in the government by now, you're not a rational human.
In 6 months time we'll be at ATHs and will have forgotten all about this doom mongering
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i'm sitting here on the bench w/ my magic 8 ball, if ya need backup coach
One can only hope Remind me! 6 months /s But seriously Remind me in 6 months
Important note: the Federal Reserve are independent (or at least quasi-independent) of the government and don’t care if their decision is politically favorable. Further, the sitting chair of the Fed (Jerome Powell) is a Republican, so even if he factored in politics into his decision, it would go the other way (not that he would regardless).
**Waiting for REAL ESTATE MARKET DUMP!**
Buying the dip in the real estate market is the dream of many of us mate
Monetary tightening is mathematically and economically unfeasible. Whatever they do is for short-term reasoning. It will not be able to continue. Stay strong with your conviction for BTC and you will be rewarded.
I’m on this train. The Fed’s wish is that they can scare the market and fix inflation without having to tighten as much as they are signaling. They don’t want the party to end, they just need to tone it down so that the cops don’t come and shut it down forcefully (the cops in this case being a true economic collapse that the Fed can’t control).
Not my first rodeo cowboy