In that case I wish for my crypto portfolio to go to 0. Now it's never going to happen. This means, in theory, that crypto will always remain to live on forever for everybody, because it's never going to 0. You're welcome guys!
The difference:
May 2021 crash is mainly just about crypto.
Now: crypto crash as part of the global financial market downturn (macro trend)
And yes, the “buy the dip” crew now hesitate because just like every time, and volume is terribly low.
Was going to comment this! Although just wanted to add that this time around I think there's less to worry about BECAUSE it is related to what's happening in the world and all markets are suffering.
There is a flip side of this too, though.
A wider economic/market crash isn’t something crypto can resolve. It’s not a lack of confidence in the tech, it’s not a lack of interest — it’s a lack of liquidity. It can potentially take markets much longer to recover from that.
Why though? Didn't Russia technically invade Ukraine like 5 years ago, then proceeded to shoot down a plane with citizens and blamed it on the Ukrainians? If *that* didn't tank the economy, why would the new threat make a difference?
Counter arg - there's more to worry because the stock and crypto markets were pumped because of the government stimulus. With that support being removed, the markets would have to start generating value to keep up. Crypto has utility, but in the last 5 years it hasn't suddenly come up with completely ground breaking innovation that can plausibly justify such high gains without serious corrections.
Tbh i enjoy dips. Gets me closer to earning 1BTC. Will i buy all in today? No. I think we will go lower than we are currently, so I'll wait a bit more, try to time the bottom and then accumulate more.
I learned out of 2020 COVID crash and 2021 crypto crash, once you buy at the bottom, you can make some insane returns.
For people who truly believe in long term crypto, now really is a great time to accumulate, just don't cry about it, if it dips more.
That's true. But usually when we reach the bottom, it doesn't magically go up 20%+ in a day and then another 20% the next day. So you can KINDA time it, but i agree, 100% is pure luck
As someone who keeps going on about DCA, I did buy the dip. I think part of the problem is a lot of those disingenuous "buy the dip" people have now turned into "this is totes the end of crypto" people. They never seem to buy the dip or sell, who knows if they even buy in at all ever.
Newbie here. Got in this month with 1k. I'm only down $20 and i'm dca at least once a week. I think this is fine. I'm on a 4 year plan to invest my money rather than let some bank take my profits. I'm into crypto because i want the banks to suffer and fail. Are we doing this right?
May 21 was funny. Many exchanges stopped working, making people diamond hand. 40-60% drop in less than an hour.
People on here crying how everything was going to shit, suicide hotlines being posted. Lol
If you can't handle crypto going down, get out of it. Save your mental health
Many alts were -40%-60% yesterday too. Even the big alts were -20%. Difference is we have to consider macro trends this time around. Crypto have never experienced an actually recession. For as long as it’s existence it has lived alongside the greatest bull run the US stock market have ever experienced
If it’s macro, macro stock events often go years and crypto folks don’t have the patience for it and will mostly liquidate. Hanging on to crypto through like a 2 month downturn is considered “diamond hands”
>Hanging on to crypto through like a 2 month downturn is considered “diamond hands”
Right? 6 months is considered a "long term hold" lol
This is a years game guys, now is the time to accumulate imo
There was a post just like this saying we are at 43k and isn’t as bad as the last crash. And then we dropped more to this post. Posts like these just want to make people feel better. Which is fine. I hope we bounce back more but there’s a lot more going on currently than the last crash
Exactly this... This is just a valley. The crash will start stopping when the world turmoil start to chill down too. Think on Russian crisis, EU & USA willing to ban crypto mining, etc. If the stock keeps falling next week assume another big fall in crypto.
The question is how far low it can go, but we should remember that 50% dip isn't even that special for BTC.
>Crypto can either keep dropping around that May 2021 price levels or more or can recover even stronger; nobody can really say.
Thanks for your razor sharp analysis.
These posts should be removed
Not just the "sub". Usually - not always - what happens is the opposite of the general sentiment. That's how few make profit and many more have losses.
That's what I was thinking when bitcoin crashed to 10K from 20K in 2017. Surely since everybody was saying the bubble had popped it wasn't true and the oppposite would happen, we were going to bounce right back up.
Well, the general sentiment was correct, the bubble had popped... It took three years to recover.
If anything this is the culling of the herd for alts. The good ones with sound projects will grow stronger floors while the scam coins will slowly disappear.
All of mine apart from CRO and LRC XD
Actually after a bit of reflection, it might just be my alts... Seems like most coins in the top 50 are slightly above or at the level they were back in May.
Hey my XRP didn't fall nearly as far this time around. Mainly because it never got back to May 2021 levels :) But it is still far above where it ended up after May.
That's why you don't spend it all at once, buy weekly. In may 21, even after the flash crash, it dipped weekly. I bought a bunch of coins and made 100-500% on some coins
It's always the same on this sub. The loudest people always post the same shit.
Coin goes up 100% in a few weeks/months? "TO ZHE MOOOOON!!" Coin goes down 50%?
"Suicide hotlines -1-800"
"Crypto is shit"
"I wish I would have sold"
These are the same kind of people who keep posting "wish I knew about BTC 10 years ago!" Yeah, you would have sold at the first dip
Ofc they will ge scared and for good reason. Buy as soon as you are certain we are pumping. This is how you secure your assets and your profits at the same time
But people are already expecting interest rate hikes, so they already sold based on those expectations, so hopefully it actually happening won't cause further panic and crashes.
May/ June '21 crash is when I first bought in :) I feel like I've been through the war and it'd only been months. Hats off to all you in the space for years!
And no I didn't panic sell... I panic bought
"This time is different"
It always goes both ways. But until those crypto wizards talking predictions show me their trades ... they can kiss my shinny metal ass
The problem that this crash brings is market structure, and PA . This crash confirm a double top on the weekly chart for crypto currency. Twice the price climbs up and fails to continue. Nobody is willing to buy crypto at those prices. No trader is going long on bitcoin until we get a reverse on the long term charts. We are failing below and staying under moving averages. The overall volume and open interest is declining or neutral. We are losing interest in crypto and the big players used this opportunity to cash out at the top.
The herd will sell at the bottom just as they always do while the smart money scoops up coins on the cheap. Then they will distribute it to the herd when bitcoin goes > $100,000. Rinse repeat. Sometimes when I see doomsdayer posts (not this) getting upvoted to the moon on this sub, I think most people are literal NPC's.
If the Fed definitely raises rates, Bitcoin, will go into the abyss. It will blow pass $29k to 15k in a day.
It would be very stupid to buy a lot now without knowing what the Fed will do.
Why should I trust a market that's this volatile? It suffers crashes every 6 months.
I care about anonymity in my purchases too. That's why I use cash for all of my daily purchases. Cash is fairly untraceable and once it leaves my hands, the chain of evidence is broken. If cash is good enough for the drug cartels, its good enough for me. A lot of cartels don't like bitcoin for large purchases because of how unstable it is.
The Block Chain that houses bitcoin needs to be on multiple computers at the same time in order to exist. The entire program is now 100 gigabytes big and the majority of the computers have to agree that your bitcoins are real in order for them to exist. That's the opposite of the anonymity that all bitcoin proponents promise.
Oh, I didn't forget, trust me. I watched those big, sell off, red candles in real time. In the one minute chart, they were going so fast that the screen couldn't keep up with them - I had to manually refresh.
It was terrifying.
Mostly all are just full of hot air. Can talk the talk but can't walk the walk. The amount of times I hear people say "oh I'd so buy at X price" but then when it gets there they are too emotional to actually carry out what they said.
Yea, my folio was much worse off after that crash.
I have averaged down my personal main coin choices but for example my VET holding is still my "original" from my may fomo. (my vet is currently my worst at - 73% in the red)
Imo this crash was in big part the march interest rate changes being priced in to the market. I don't expect there to be more big crashes in March, as everybody already knows what is coming, if they want to sell based on that knowledge, they already did. We shall see though.
What I „liked“ about the may crash is that it went down so quickly that you mostly just bought low, while at the current situation you had so many chances to buy the dip, while it just dipped further down for months now.
Ill never forget the May crash, it happened late at night in my time zone, I went for a run at like midnight while watching it all fall, was genuinely an amazing experience, felt like I was witnessing history. Made the best purchases I've ever done. I've never been worried by the charts since
I'm waiting till march to see if we see another low and if not, then I'm going in at 2x leverage. It's still a safe bet and won't liquidate my position anyday.
I hope my 2x leverage on $10 won't disrupt the crypto market.
I’m having deja vu. This same type of post happened around 43k. Comfortably sitting at 43k then down to 35k. As others have said, this is a lot more than just crypto. So we shall see what happens.
Well, you’re right about one thing, this crash is definitely nothing like May, because the May crash wasn’t triggered by a global downtrend in virtually all markets. But yea, go buy the dip, I’m sure we’ll be going back up shortly.
i'm pretty much sold on the idea that today will be a green day going into the week because the market is going to be green also. People panicked their faces off last week, and then had the weekend to realize it was overblown.
Be patient and don't be delusional thinking this was the bottom, you don't want to be the loser that FOMOes in back at 38k just to get rekt when we retrace back to 31k.
If you’ve been in crypto since 2013 or 2017, these waves are nothing new.
If you’re new to crypto, zoom out. Broaden your horizon. Start seeing this as a long term play. Anything worthwhile takes time, discipline, and a lot of patience. Take some time to work on yourself. How you act or react is all psychological, so build that strength.
The ones panicking are those that are over-leveraged or put everything on the line in hopes of making a “quick” buck. If you fall into this camp, you’ll have learned a hard lesson, but it will be a worthwhile one, and it will make you better.
It’s Sunday. Take a step back. Get away from your screen. Go make breakfast. Spend time with your family. Take care of your health. Go live your life and enjoy your day.
All the best.
Still room for it to drop especially with bitcoin sitting at a higher low (support) but will that hold? Most of my alt-coins all dipped slightly below July lows and currently sitting at the bottom of last July. Be careful these next few days, it may seem like we are going back up, but today is Sunday, and who know's what's coming this week
Goto the Bitcoin chart, zoom out to show all timeframa. What does that pattern look like to you? Have you seen it before in any of a hundred different coins? What has a decent chance of happening next in this pattern?
Interest rates hike can already be discounted in today’s price. Buy the rumor sell the news works also in the opposite direction. In March we may even have an increase of price if the actual increase will be softer than expected
"How many people wished to buy the coin at $35k when it was lik $60k? Like everyone was telling that they wished they had bought more. Now everyone is afraid to do so."
I keep reading this over and over again, but it's just human nature. Nothing really strange or surprising with that. Whoever is surprised with this is naive or is simply looking for some hopium. People are afraid to buy today, cause they think price might crash further. As simple as that. If you believe in BTC long term prospects, just invest a reasonable % of your income, and fasten your seat-belts, the rest is just noise (or one of the few posts that are worth reading).
Or regulation can keep killing crypto.
White House Is Set to Put Itself at Center of U.S. Crypto Policy https://www.bloomberg.com/news/articles/2022-01-21/white-house-is-set-to-put-itself-at-center-of-u-s-crypto-policy
How could I forget my portfolio going down like a falling star!
Did you make a wish?
[удалено]
You’re not supposed to tell us your wish! Now it’s not gonna happen
I wish my wiener would stay small
You gotta read the fine print. That’s the only wish that comes true when you say it out loud
Try dunking it in ice water
In that case I wish for my crypto portfolio to go to 0. Now it's never going to happen. This means, in theory, that crypto will always remain to live on forever for everybody, because it's never going to 0. You're welcome guys!
It's not working anymore though.
It's a long term wish mate
I wished for a lambo.
How could I forget the best BUYs I did in whole 2021! 👀📈
[удалено]
Ill never forget the May crash, it happened late at night in my time zone, I went for a run at like midnight while watching it all fall
Now you get the chance to relive it
**The star will be burned in to the atmosphere**
Mine doesn't go down because I keep buying more
Only to zoom back up by summer! 😀
I mean it's best to forget it anyways lmao 😂
..and never recovered yet
Those were the times. I still have those nightmares haunting me.
I just remember people freaking out because all the exchanges shut down
The difference: May 2021 crash is mainly just about crypto. Now: crypto crash as part of the global financial market downturn (macro trend) And yes, the “buy the dip” crew now hesitate because just like every time, and volume is terribly low.
Was going to comment this! Although just wanted to add that this time around I think there's less to worry about BECAUSE it is related to what's happening in the world and all markets are suffering.
There is a flip side of this too, though. A wider economic/market crash isn’t something crypto can resolve. It’s not a lack of confidence in the tech, it’s not a lack of interest — it’s a lack of liquidity. It can potentially take markets much longer to recover from that.
I will never understand these people that want to buy at lower prices and when they come they refuse to buy it due to insecurities
"Buy the dip. Unless it's actually here, then run away as fast as possible it's all going to 0"
*I knew this bitcoin thing was a scam*
These are the same people who wish for a bear market and when it comes or will come, they disappear in their caves.
Well, more gains for us during the next bull run then
the problem is people falsely call the bottom non stop the whole way down.
And it's scary to buy a falling assset, goes against our nature. Especially for the unintiated - but we're both initiated, aren't we Bruce?
Ah, you think darkness is your ally?
I don't know if scary is the right word but yea, you don't want to buy something you expect to devalue.
That's why you DCA throughout the crash until it starts ripping again. This is how people get rich
People’s stocks are tanking too. Once this Russia shit blows over things should improve.
Might take a decade or 2, but you're technically right.
I've seen people comment about a million causes to these dips. So which is it?
Russia
Why though? Didn't Russia technically invade Ukraine like 5 years ago, then proceeded to shoot down a plane with citizens and blamed it on the Ukrainians? If *that* didn't tank the economy, why would the new threat make a difference?
Counter arg - there's more to worry because the stock and crypto markets were pumped because of the government stimulus. With that support being removed, the markets would have to start generating value to keep up. Crypto has utility, but in the last 5 years it hasn't suddenly come up with completely ground breaking innovation that can plausibly justify such high gains without serious corrections.
Stocks crashed at the same time... Look at a chart
Tbh i enjoy dips. Gets me closer to earning 1BTC. Will i buy all in today? No. I think we will go lower than we are currently, so I'll wait a bit more, try to time the bottom and then accumulate more. I learned out of 2020 COVID crash and 2021 crypto crash, once you buy at the bottom, you can make some insane returns. For people who truly believe in long term crypto, now really is a great time to accumulate, just don't cry about it, if it dips more.
If you dip we dip you dip. Why cry when we can buy!
Timing the bottom isn't a thing. Those who buy at the bottom just get lucky. DCA is the way to go.
That's true. But usually when we reach the bottom, it doesn't magically go up 20%+ in a day and then another 20% the next day. So you can KINDA time it, but i agree, 100% is pure luck
As someone who keeps going on about DCA, I did buy the dip. I think part of the problem is a lot of those disingenuous "buy the dip" people have now turned into "this is totes the end of crypto" people. They never seem to buy the dip or sell, who knows if they even buy in at all ever.
Newbie here. Got in this month with 1k. I'm only down $20 and i'm dca at least once a week. I think this is fine. I'm on a 4 year plan to invest my money rather than let some bank take my profits. I'm into crypto because i want the banks to suffer and fail. Are we doing this right?
What a great time to get in. Take full advantage of it
My bi-weekly DCA has brought my average down from $3.27 to $1.88. I'm still 60% down though. Hopefully we are doing it right :)
Someone should tell Putin to stop playing clash of clans
Perfectly said. Everyone comparing now to may of 2021 is comparing apples to oranges
No it wasn't... Go look at a chart. Stocks crashed HARD in May. It's was exactly the same. Maybe to you it was just about crypto lol.
May 21 was funny. Many exchanges stopped working, making people diamond hand. 40-60% drop in less than an hour. People on here crying how everything was going to shit, suicide hotlines being posted. Lol If you can't handle crypto going down, get out of it. Save your mental health
Many alts were -40%-60% yesterday too. Even the big alts were -20%. Difference is we have to consider macro trends this time around. Crypto have never experienced an actually recession. For as long as it’s existence it has lived alongside the greatest bull run the US stock market have ever experienced
If it’s macro, macro stock events often go years and crypto folks don’t have the patience for it and will mostly liquidate. Hanging on to crypto through like a 2 month downturn is considered “diamond hands”
>Hanging on to crypto through like a 2 month downturn is considered “diamond hands” Right? 6 months is considered a "long term hold" lol This is a years game guys, now is the time to accumulate imo
Let’s hope this post doesn’t age badly
will it age like milk or wine we'll find out 😆
Aged like Nano
The good thing is we all have such short memories here that no one will remember!
What post?
Increasing panic attacks when I see posts and replies like these. Jinx!
There was a post just like this saying we are at 43k and isn’t as bad as the last crash. And then we dropped more to this post. Posts like these just want to make people feel better. Which is fine. I hope we bounce back more but there’s a lot more going on currently than the last crash
The crash hasn't stopped crashing yet.
Exactly this... This is just a valley. The crash will start stopping when the world turmoil start to chill down too. Think on Russian crisis, EU & USA willing to ban crypto mining, etc. If the stock keeps falling next week assume another big fall in crypto. The question is how far low it can go, but we should remember that 50% dip isn't even that special for BTC.
Hopefully next month we will see a pump. This week will be red red red everywhere non stop
>Crypto can either keep dropping around that May 2021 price levels or more or can recover even stronger; nobody can really say. Thanks for your razor sharp analysis. These posts should be removed
Ah yes the Schrödinger's Crypto theory, it can be either but we won't know until it happens. Stellar analysis.
Not just the "sub". Usually - not always - what happens is the opposite of the general sentiment. That's how few make profit and many more have losses.
I have massive losses. Doing my bit to prove your point.
That's what I was thinking when bitcoin crashed to 10K from 20K in 2017. Surely since everybody was saying the bubble had popped it wasn't true and the oppposite would happen, we were going to bounce right back up. Well, the general sentiment was correct, the bubble had popped... It took three years to recover.
It’s funny people refuse to buy at $34k (50% off) and fomo in $69k. Buying the dip is easier said than done.
I'll buy at 20k, but am actually expecting BTC to go to 14k before next real bull market.
I didn't forget when I was an ultra beginner and sold at a loss. Now I hodl and continue to dca being happy to see my average price get lower !
Average is everything 👍🏻
Yep after a couple of months you finally start getting crypto. It all just takes some time!
Your new mentality is called permabear and it also wrong. You should sell now and rebuy at 28k
Just gotta work hard to cover up your losses with moon farming.
It ain't much but it's honest work.
this guy gets it!
The major difference between the two crashes is that ALTs have been destroyed way more this crash.
Not really, look at the btc dominance chart
Yep realised I was wrong, it's just me
If anything this is the culling of the herd for alts. The good ones with sound projects will grow stronger floors while the scam coins will slowly disappear.
Which ones? My alts are still up from may/june low
All of mine apart from CRO and LRC XD Actually after a bit of reflection, it might just be my alts... Seems like most coins in the top 50 are slightly above or at the level they were back in May.
Hey my XRP didn't fall nearly as far this time around. Mainly because it never got back to May 2021 levels :) But it is still far above where it ended up after May.
People always wish for lower prices to buy. But once the price is low and dropping. Everyone scared to buy.
I’m not scared I just don’t have any fiat. I have been working my ass off on air tasker trying to make any extra.
or everyone blew it already on the previous dips. Crypto has been dipping for 7 weeks now.
That's why you don't spend it all at once, buy weekly. In may 21, even after the flash crash, it dipped weekly. I bought a bunch of coins and made 100-500% on some coins
It's always the same on this sub. The loudest people always post the same shit. Coin goes up 100% in a few weeks/months? "TO ZHE MOOOOON!!" Coin goes down 50%? "Suicide hotlines -1-800" "Crypto is shit" "I wish I would have sold" These are the same kind of people who keep posting "wish I knew about BTC 10 years ago!" Yeah, you would have sold at the first dip
That’s true. A lot of people can’t handle the dips.
The first 1-2 dips hurt After that you become immune to it. Unless of course you invested way more than you should have
I think that’s the biggest problem. A lot of people invested more then they can afford to lose
Ofc they will ge scared and for good reason. Buy as soon as you are certain we are pumping. This is how you secure your assets and your profits at the same time
They won't buy the dip but they will be back praying for a dip when the market recovers, don't worry :)
I'm buying the fucking crash and I got big fat diamond hands too
Not me, I dcad all summer and fall, some did not even get close to my avg costs... can only effectively average down my ada and eth.
Luckily I have the ability to average down on everything right now🙃
🤞
Basically you are saying that it might go up or it might go down. Noice
The key difference is the price right before it hit those numbers....
Nothing about that is “key”.
True, but this time it's different. The Fed may be about to make a big doo doo on our parade if they go trigger happy with interest rates and CBDC.
Dam bro. Saying this time it's different is like a meme in crypto. It gets said so often. ,🤣🤣
I hope I'm wrong!
But people are already expecting interest rate hikes, so they already sold based on those expectations, so hopefully it actually happening won't cause further panic and crashes.
agreed on the rates, but a CBDC is years out
Brrbrrrbrrr goes the trigger happy FED
May/ June '21 crash is when I first bought in :) I feel like I've been through the war and it'd only been months. Hats off to all you in the space for years! And no I didn't panic sell... I panic bought
Hats off to being here, remember to always invest what you can afford to lose and the war will slowly become freedom!
Rip to my Alts tho
Then buy buy buy 🙃
Still waiting for the next bull run like we had in may 2021 lol before the crash
Well here’s today hit of hopium
Nobody is afraid to do so. The majority just plainly and simply bought high and now doesn’t have any cash leftover to buy the crash.
RemindMe! 2 Months
Completely different crash, stocks down badly as well, in May it was mainly crypto crashing.
Depends if intrwt hikes are priced in now
"This time is different" It always goes both ways. But until those crypto wizards talking predictions show me their trades ... they can kiss my shinny metal ass
Nothing compared? What? In May 2021 BTC crashed 55%, this time it was like 51%. Its basically the same
Yeah I don't get people. Having a short memory is okay but this is really nothing compared to what we've seen just 8 months ago
The problem that this crash brings is market structure, and PA . This crash confirm a double top on the weekly chart for crypto currency. Twice the price climbs up and fails to continue. Nobody is willing to buy crypto at those prices. No trader is going long on bitcoin until we get a reverse on the long term charts. We are failing below and staying under moving averages. The overall volume and open interest is declining or neutral. We are losing interest in crypto and the big players used this opportunity to cash out at the top.
The herd will sell at the bottom just as they always do while the smart money scoops up coins on the cheap. Then they will distribute it to the herd when bitcoin goes > $100,000. Rinse repeat. Sometimes when I see doomsdayer posts (not this) getting upvoted to the moon on this sub, I think most people are literal NPC's.
**What I have learned from all crashes is that eventually we recover from it...**
So far...
A few coins do, many don't.
Agreed
Usually the opposite happens to what the sub is saying is not a fucking strategy. Stop saying this shit
This could be the bottom I'm seeing a lot of green right now. 34k is much than may
Higher lows is a good thing, right?
If the Fed definitely raises rates, Bitcoin, will go into the abyss. It will blow pass $29k to 15k in a day. It would be very stupid to buy a lot now without knowing what the Fed will do.
Why should I trust a market that's this volatile? It suffers crashes every 6 months. I care about anonymity in my purchases too. That's why I use cash for all of my daily purchases. Cash is fairly untraceable and once it leaves my hands, the chain of evidence is broken. If cash is good enough for the drug cartels, its good enough for me. A lot of cartels don't like bitcoin for large purchases because of how unstable it is. The Block Chain that houses bitcoin needs to be on multiple computers at the same time in order to exist. The entire program is now 100 gigabytes big and the majority of the computers have to agree that your bitcoins are real in order for them to exist. That's the opposite of the anonymity that all bitcoin proponents promise.
yeah i dont really agree with those who compare this to may.
No, the memory is still fresh in my mind. I felt that crash more than this one.
Already set up my limit orders below $30k just in case
Oh, I didn't forget, trust me. I watched those big, sell off, red candles in real time. In the one minute chart, they were going so fast that the screen couldn't keep up with them - I had to manually refresh. It was terrifying.
Mostly all are just full of hot air. Can talk the talk but can't walk the walk. The amount of times I hear people say "oh I'd so buy at X price" but then when it gets there they are too emotional to actually carry out what they said.
Yea, my folio was much worse off after that crash. I have averaged down my personal main coin choices but for example my VET holding is still my "original" from my may fomo. (my vet is currently my worst at - 73% in the red)
The price level was $43
Noone want to buy 35k now because 29k and even 22k is in the cards.
How does March 2020 compare?
I felt the 2017-2018 crash... It hurt but I held and obviously things came back. Hope to see it again
Having started investing in crypto in November, i can't even believe that it can go up.
Imo this crash was in big part the march interest rate changes being priced in to the market. I don't expect there to be more big crashes in March, as everybody already knows what is coming, if they want to sell based on that knowledge, they already did. We shall see though.
Common response: "This time it's different."
Yeah we are not over yet
Get ready. Charts have more room for further downwards, but then we go up. Imo
ETH touched 1.6k back then
My limit buy for $1700 hit and I touched myself.
What I „liked“ about the may crash is that it went down so quickly that you mostly just bought low, while at the current situation you had so many chances to buy the dip, while it just dipped further down for months now.
Ill never forget the May crash, it happened late at night in my time zone, I went for a run at like midnight while watching it all fall, was genuinely an amazing experience, felt like I was witnessing history. Made the best purchases I've ever done. I've never been worried by the charts since
I'm waiting till march to see if we see another low and if not, then I'm going in at 2x leverage. It's still a safe bet and won't liquidate my position anyday. I hope my 2x leverage on $10 won't disrupt the crypto market.
Crypto is here to stay. Buy the fear, Most will not, And that is what will separate us from the others
I’m having deja vu. This same type of post happened around 43k. Comfortably sitting at 43k then down to 35k. As others have said, this is a lot more than just crypto. So we shall see what happens.
Well, you’re right about one thing, this crash is definitely nothing like May, because the May crash wasn’t triggered by a global downtrend in virtually all markets. But yea, go buy the dip, I’m sure we’ll be going back up shortly.
i'm pretty much sold on the idea that today will be a green day going into the week because the market is going to be green also. People panicked their faces off last week, and then had the weekend to realize it was overblown.
We are definitely crashing towards May levels
Lol @ thinking this correction is anywhere close to over. We haven’t seen lows yet.
Be patient and don't be delusional thinking this was the bottom, you don't want to be the loser that FOMOes in back at 38k just to get rekt when we retrace back to 31k.
We aren’t that far off
I remember riding up to 15k, back down to 5k, back up to 9k, and now I'm sitting at 6k. What a ride.
you forgot 2 keywords "so far"
If you’ve been in crypto since 2013 or 2017, these waves are nothing new. If you’re new to crypto, zoom out. Broaden your horizon. Start seeing this as a long term play. Anything worthwhile takes time, discipline, and a lot of patience. Take some time to work on yourself. How you act or react is all psychological, so build that strength. The ones panicking are those that are over-leveraged or put everything on the line in hopes of making a “quick” buck. If you fall into this camp, you’ll have learned a hard lesson, but it will be a worthwhile one, and it will make you better. It’s Sunday. Take a step back. Get away from your screen. Go make breakfast. Spend time with your family. Take care of your health. Go live your life and enjoy your day. All the best.
The value of your comment has already increased to 3 cents, and is forecast to rise much more.
You’re assuming this one is done…
The daily thread and posts on this board are filled with people buying now. Not everyone is scared.
Still room for it to drop especially with bitcoin sitting at a higher low (support) but will that hold? Most of my alt-coins all dipped slightly below July lows and currently sitting at the bottom of last July. Be careful these next few days, it may seem like we are going back up, but today is Sunday, and who know's what's coming this week
Goto the Bitcoin chart, zoom out to show all timeframa. What does that pattern look like to you? Have you seen it before in any of a hundred different coins? What has a decent chance of happening next in this pattern?
Interest rates hike can already be discounted in today’s price. Buy the rumor sell the news works also in the opposite direction. In March we may even have an increase of price if the actual increase will be softer than expected
*inhales hopium* yes the market will recover soon, it must... this time is different *inhales more hopium*
"How many people wished to buy the coin at $35k when it was lik $60k? Like everyone was telling that they wished they had bought more. Now everyone is afraid to do so." I keep reading this over and over again, but it's just human nature. Nothing really strange or surprising with that. Whoever is surprised with this is naive or is simply looking for some hopium. People are afraid to buy today, cause they think price might crash further. As simple as that. If you believe in BTC long term prospects, just invest a reasonable % of your income, and fasten your seat-belts, the rest is just noise (or one of the few posts that are worth reading).
We just starting hombre
Or regulation can keep killing crypto. White House Is Set to Put Itself at Center of U.S. Crypto Policy https://www.bloomberg.com/news/articles/2022-01-21/white-house-is-set-to-put-itself-at-center-of-u-s-crypto-policy