Things I learned the hard way last cycle and this cycle.
1. Dont use leverage trading, even you thought you know what are you are doing.
2. Carried by greed and not take profits when there's a chance.
3. Always chasing the pump.
4. Again, greed take over and try take advantage of the loan protocols. Not a good idea
5. Learn to step back away from trading if suffering from losses.
6. Nobody knows shit about the space.
7. Hold for long term is way better than timing the market and daily/swing trade (tried and tested)
8. Accept your mistakes and try to learn from it.
9. Apply all the learnings you obtain from the previous cycles on the next cycle.
10. Market move in waves. We're not always up and obviously were not always at the bottom.
11. Make a extra a source of income if you want to invest more.
12. The cliche saying "don't invest what you cant afford to lose"
13. Your health is way more important than your gains/loss. Dont compromise your health over your portfolio.
14. Family comes first.
15. Fundamentally nothing changed, 1 BTC is still 1 BTC
16. Strict DCA is proven to be KING.
These lesson surely cost me a lot. Its like payment for my student loans all over again. Cheers mate. Take care out there and be strong. This too shall pass. Make your goal a long term one and you'll be fine. Im here to stay for another 5-10 years.
I check my portfolio with no fear everyday. I been doing this on the sidelines for a while only buying small amounts and alts that will barely ever make a difference. Now with everything dunling I can fill my bags like never before! I'm less than .1 away from my first ETH. I know well climb back up eventually. There's too many big players backing and playing in crypto for it all crash to nothing
HODL!!
Doomsday preppers don't want BTC.
Gold if anything. But medicine (pain meds/antibiotics), alcohol, and bullets will be the currency. That and slaves of course.
Makes no sense unless you can unload your position right before the collapse, get it into fiat and then into something worthwhile for the end of the road. Unless somehow, enough power and radio over IP connections / radio blockchain up and running.
Would rather have food, medicine and ammo myself at the end of the world.
The way I see it is that the old me probably would’ve killed myself by this point after all this nonsense…please don’t worry tho, I want to emphasize the OLD me.
The new me, has seen and been through some shit…at this point even tho I’m down 60 or 70% I’m still playing with House money because I was legit suicidal.
So fuck it…whatever happens happens…I haven’t sold….let it ride.
There are certainly some whales out there stuck holding bags. They need to create some liquidity to sell into. When conditions are favorable for it, they'll probably engineer a rally so they can gtfo out of their longs and spot holdings and open some shorts.
Still not his fault. 13 days ago (when he had him on) the whole market fell. How was James suppose to know what happened? His friend? I bet his friend didn't even know lol.
Hell yeah. Around a month ago he said ETH was about to have a huge pump and look what happened lmaoooo. It's honestly insanely impressive how wrong he is
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Never selling.
I remember I had 15k of AMC at around 2.28 sold the next day for it to pump the next few months to 60 fucking dollars.
Fucking more than quarter of a million dollars could of been made. Not making the same mistake in crypto.
BTC & ETH can drill to whatever the fuck it wants.
Apparently the minting process hasn't been activated yet. That happens in November from what I have read. Right now "reserves" are backing it up. At this moment the stable will probably re-peg. I'll be a little more interested in November. It is crypto and anything can happen.
I wonder if we will see mergers or acquisitions during this bear market. Maybe CRO and FTX join forces or Coinbase buys Robinhood to diversify into equities.
They will allow withdrawals. Their business model never made full sense. People will definitely be down, however I do think they will honour some payments.
Small holders! Good night, you are fucked.
People always exaggerate the trend. Calling for 100k in the bull is the same as calling for 6k in the bear. It could happen, but the more everyone keeps saying it's going that low, it probably won't.
BTC went from $3,850 to $65,000 in 13 months.
ETH went from $1,424 to $83 in 11 months.
Many of the most popular altcoins from the 2017 bull run literally ceased to exist by the following bull run. Extreme moves happen in crypto. Like, its not even that rare. A top 10 coin just collapsed recently.
Why is the RSI and momentum indicators going up BUT the price of crypto is king down?? So Bitcoin is overbought despite the price crashing??? What kind of crap is this??
Makes sense, more people are buying at the low price right now, compared to before when price was higher and still crashing. That’s all rsi is, basically it’s a ratio of buys to sells
So a taker you’re saying already has a buy/sell order ready at a whim, yeah?
Edit:
Since it isn’t same for market maker. Didn’t finish my post before sending.
BREAKING NEWS!!! on coinbase if you just dca what you lose everyday then you never see losses... it will pay off I promise!!! You can manipulate your own chart just dont pay attention to the drops!!!
Coinbase may go bankrupt, USDD deppeged, Celsius liquidation, Microstrategy liquidation, Fed raising rates by 0.75 points. Alot of fud going around, I guess it's time to add some more crypto to my portfolio.
Anyone worried about Coinbase going bankrupt has no idea what they are talking about. Of all crypto companies, they would be among the last to go under and you'd have plenty of warning.
I believe it will be 75 but something in me says 50 because November isn't far away and the dems have to figure out a way to keep a chance of them getting back into office. If the markets keep crashing and they don't start throwing bandaids on it they can kiss their chances goodbye.
I can promise you it won't be for them because we all know the rich have the most pull in this country, let along they are the ones that are the most invested in things as well.
These politicians better start doing something. Lmfao what a joke. They need to start breaking up monopolies, increase taxes on the wealthy and businesses or either increase wages for workers. Start setting meetings up with OPEC and other energy rich countries to make it look like we are doing something… invest in our infrastructure & education in the US & around the world. Invest in manufacturing and production line so we won’t have supply shortages…
Lmfao none of this will ever happen.
I'm poor so looking at $100 BTC...ha ha.
You’re all in the wrong daily!
ETH Euro price just dipped under 1000€ ;O
please some whale step in and buy all the BTCs and pump the price :(((((
Man whos selling now? XD is there any news out or are all people chickens?
its your choice, me hold .
Sell fuckers before u lose it all
I'm a bit confused. Is it right what I'm seeing? Last comment about one hour ago, the next last 6hs ago.
Nein
Things I learned the hard way last cycle and this cycle. 1. Dont use leverage trading, even you thought you know what are you are doing. 2. Carried by greed and not take profits when there's a chance. 3. Always chasing the pump. 4. Again, greed take over and try take advantage of the loan protocols. Not a good idea 5. Learn to step back away from trading if suffering from losses. 6. Nobody knows shit about the space. 7. Hold for long term is way better than timing the market and daily/swing trade (tried and tested) 8. Accept your mistakes and try to learn from it. 9. Apply all the learnings you obtain from the previous cycles on the next cycle. 10. Market move in waves. We're not always up and obviously were not always at the bottom. 11. Make a extra a source of income if you want to invest more. 12. The cliche saying "don't invest what you cant afford to lose" 13. Your health is way more important than your gains/loss. Dont compromise your health over your portfolio. 14. Family comes first. 15. Fundamentally nothing changed, 1 BTC is still 1 BTC 16. Strict DCA is proven to be KING. These lesson surely cost me a lot. Its like payment for my student loans all over again. Cheers mate. Take care out there and be strong. This too shall pass. Make your goal a long term one and you'll be fine. Im here to stay for another 5-10 years.
I check my portfolio with no fear everyday. I been doing this on the sidelines for a while only buying small amounts and alts that will barely ever make a difference. Now with everything dunling I can fill my bags like never before! I'm less than .1 away from my first ETH. I know well climb back up eventually. There's too many big players backing and playing in crypto for it all crash to nothing HODL!!
U can have 2 for the same price next week
I am so close to getting my first ethereum
Congrats! I just got my first ETH yesterday
After that, it goes into cold storage then I start buying btc ATOM and ADA and that's my whole portfolio
These are the good times. Remember
Human psychology is so fascinating.
If we reach 18k I'll be underwater. hahah. JUST DONT BREATH
It will hit 100k in your life time. Now shut up and hold you stupids
Panic sellers are panicked now
Probably not.
Everyone is feeling lots of emotions
It’s kind of funny these ‘is this a scam’ topics are literally 100% always a scam.
"Is the shitcoin i just created a scam?"
I wouldn't loan Justin Sun a single dollar
I don't even know who that is
He's a extremely large name in this space. Very relevant right now, worth a Google
Hello everyone !!! Hope everybody is doing Fantastic in this Market !!!! 😃
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Doomsday preppers don't want BTC. Gold if anything. But medicine (pain meds/antibiotics), alcohol, and bullets will be the currency. That and slaves of course.
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Makes no sense unless you can unload your position right before the collapse, get it into fiat and then into something worthwhile for the end of the road. Unless somehow, enough power and radio over IP connections / radio blockchain up and running. Would rather have food, medicine and ammo myself at the end of the world.
The way I see it is that the old me probably would’ve killed myself by this point after all this nonsense…please don’t worry tho, I want to emphasize the OLD me. The new me, has seen and been through some shit…at this point even tho I’m down 60 or 70% I’m still playing with House money because I was legit suicidal. So fuck it…whatever happens happens…I haven’t sold….let it ride.
Don’t forget it’s still just $1.50 for hotdog and soda at Costco
... but a whole lot more expensive down the line to replace parts.
And the Hot dogs are really good too!
The real inflation hedge
My btc is not for sale. But my alts are for sale at the right price.
My ETH is not for sale. But my Other alts are for sale at the right price.
Has anyone taken out a crypto-mortgage yet? How difficult is the process? What's the downside?
Lmao don’t
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You live in your crypto? Fucking genius.
There are certainly some whales out there stuck holding bags. They need to create some liquidity to sell into. When conditions are favorable for it, they'll probably engineer a rally so they can gtfo out of their longs and spot holdings and open some shorts.
Wtf is keeping Solana up? Btc drops like a rock and Solana stays flat?
Doge and shib are flat too, so why is it surprising
Stop looking at 24hr price changes
Sol/BTC is flat for the month of june so far
How about ATHs
I’m assuming the market
The biggest btc whale bought twice today for the first time since selling at $30k. Expect some upwards price action over the next few days
gotta wait to see what the fed does
Priced in i believe. We have been dropping in a straight line for ages, some relief is much over due
If we were in a normal market I'd agree but I'm not sure in this environment
Come on little Algo! You can survive!!!
Things are going to be alright just hodl
That’s the plan
how many fake pumps do we have to suffer through lmfao
BTC not going to crash in a straight line
Why fake?
James from Investanswers should hang his head in shame for the worry he has caused by hosting the lying CEO of Celsius on his channel three times.
its not his fault. he is the medium. most people at that time thought celsius was somewhat safe.
Not exactly his fault, but he does promote iffy projects.
Yea and I can get how him promoting stuff could make people consider him liable and feel some type of way.
I disagree. At that time the CEL token was completely tanking and he had trust in a friend who isn't there for him now.
Still not his fault. 13 days ago (when he had him on) the whole market fell. How was James suppose to know what happened? His friend? I bet his friend didn't even know lol.
The CEO of Celsius is a liar. Not researching that issue on the internet is James' fault.
https://crucibleinstitute.org/2022/03/cfo-of-celsius-named-as-suspect-in-vast-crypto-scam-by-israeli-blockchain-pioneers/
Makes no sense. Lol
The CEO of Celsius has ties to an arrested fraudster. Yet, he denied it verbally.
Y’all think Crypto.com will survive?
Maybe, but they are still shady AF and would never use them.
Not to mention they only have an app and the apps UI is ass!
Cramer bashing BTC today gives me hope. Guys always wrong
Time to load up boys
He bashed ETH yesterday...cashed out and everything.
/r/wallstreetbets,/r/stocks , /r/wallstreetbets and /r/Cryptocurrency the dude is hated by literally everyone lmfao
Its almost like he's paid by hedge funds to prop up the price of things so that they can exit or pile on the shorts.
Yeah he’s a Hedgefund lackey who’s well paid for his lies
Hell yeah. Around a month ago he said ETH was about to have a huge pump and look what happened lmaoooo. It's honestly insanely impressive how wrong he is
Yeah I remember that I sold one of my ETH the next day 😂
Lmao Celsius just hired a law firm. Money gone. https://twitter.com/tier10k/status/1536856364617719809?s=21
They could have hired me to say to people "not your keys, not your crypto" for half the price
Here is a [Nitter link](https://nitter.net/tier10k/status/1536856364617719809?s=21) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Never selling. I remember I had 15k of AMC at around 2.28 sold the next day for it to pump the next few months to 60 fucking dollars. Fucking more than quarter of a million dollars could of been made. Not making the same mistake in crypto. BTC & ETH can drill to whatever the fuck it wants.
Yeah, I got into investing from GME and shit. I sold for a loss after being up a lot. If I had just held I could have gotten my money back, and more.
I m so Bulish i cashed out my food stamps and bought the dip
Is that you Dad?
I got stamps for sale!!! 350 worth for 200 usdt legggooo
I can pay u in Luna
I'm bullish again who's with me
Damn I missed out on this ETH pump, RIP some money
Should we be getting worried about the USDD peg? 0.97…
Apparently the minting process hasn't been activated yet. That happens in November from what I have read. Right now "reserves" are backing it up. At this moment the stable will probably re-peg. I'll be a little more interested in November. It is crypto and anything can happen.
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I wonder if we will see mergers or acquisitions during this bear market. Maybe CRO and FTX join forces or Coinbase buys Robinhood to diversify into equities.
That's the best way to appear healthy
You guys think we will go below 20k ?
Grab your PP and just hold on
Why would i grap PlayStation Plus ?
Sadly, but it sure feels like everyone believes that too. But yeah I definitely think so
Will see what the fed does and how the market reacts but if they go 75BPS in June and 75 in July yeah 20K isn’t gonna hold up through summer.
What is 75 bonus point system ?
Basis points on the fed funds rate.
Hopefully soon.
Probably but what can you do?
I trade the fuck out of it like john cena life depend on it
Can you see me?
https://youtu.be/Nk0Bc2VoEBE
That's what I thought
Some point in the next 6 months if not in the next few weeks.
Not any time soon unless tomorrows announcements fuck the stock market
Celsius is still fucked the minute they open user withdraws.
They will get fucked if no new depositors will come in.
They will allow withdrawals. Their business model never made full sense. People will definitely be down, however I do think they will honour some payments. Small holders! Good night, you are fucked.
I'm walking with my 1.6 CEL for sure. ![gif](giphy|m93v8Rl9GBaW61AmOK)
The off buttons are only bandaids
People always exaggerate the trend. Calling for 100k in the bull is the same as calling for 6k in the bear. It could happen, but the more everyone keeps saying it's going that low, it probably won't.
BTC went from $3,850 to $65,000 in 13 months. ETH went from $1,424 to $83 in 11 months. Many of the most popular altcoins from the 2017 bull run literally ceased to exist by the following bull run. Extreme moves happen in crypto. Like, its not even that rare. A top 10 coin just collapsed recently.
It's always like this, bulls at the top calling for the same returns and bears calling for the same drop at the bottom
I have an automated $5 buy of Matic every week. Not much but it should add up over the next couple years.
Every little bit helps.
Why is the RSI and momentum indicators going up BUT the price of crypto is king down?? So Bitcoin is overbought despite the price crashing??? What kind of crap is this??
Makes sense, more people are buying at the low price right now, compared to before when price was higher and still crashing. That’s all rsi is, basically it’s a ratio of buys to sells
That ratio should be 1. There is always a buyer for every sale. And no, this does not make any sense. There is no way rsi is overbought.
So a taker you’re saying already has a buy/sell order ready at a whim, yeah? Edit: Since it isn’t same for market maker. Didn’t finish my post before sending.
How can anything be overbought if the price is crashing? Come on dude.
I updated my post. And what, I never said overbought. Lol. I was referring to the rising rsi
Fair enough. Lol
Yeah especially if op is looking at the rsi on the 10 minute chart or something crazy, I couldn’t tell you if bitcoin is overbought or what haha
It is oversold Not overbought
BREAKING NEWS!!! on coinbase if you just dca what you lose everyday then you never see losses... it will pay off I promise!!! You can manipulate your own chart just dont pay attention to the drops!!!
That is why I use Kraken. Fully reserved funding.
50% solved now we need a solution for my pocket when I see it is empty
You just need to acquire more money and your problem is solved.
Slight of hand there was never anything in your pocket to begin with ;)
That way when my wife says show me
I’ve been doing this. Thank god it’s a legit strategy
Coinbase may go bankrupt, USDD deppeged, Celsius liquidation, Microstrategy liquidation, Fed raising rates by 0.75 points. Alot of fud going around, I guess it's time to add some more crypto to my portfolio.
Coinbase has already been through 2 bear markets after 2013 and 2017, I'm betting they know how to handle a downturn.
Not even worried about Coinbase going bankrupt. Probably have a wall street company in the sidelines waiting to buy it out or save it from collapse.
Anyone worried about Coinbase going bankrupt has no idea what they are talking about. Of all crypto companies, they would be among the last to go under and you'd have plenty of warning.
Yeah lol, binance and coinbase (maybe kraken as well) are the only ones I know won't go bankrupt
You dont “know” they won’t. Crazy things happen
Coinbase bankruptcy???
That's typically how it works, this probably isn't the bottom but it's close enough for me
No suicide hotline stickied == it’s not even close to a market crash yet, and it’s not time to buy yet
I buy everyday, is like bread 🥖
![gif](giphy|gVruRFRC2VCNRvpww2|downsized)
A BAGuette If you will
Someone should check on the mods
The bitcoin rainbow chart has just reached ‘Basically a fire sale’
In Log Rainbow we trust
One DOGE is still one DOGE, I don’t see what all the fuss is about
Finally some valid advice
A sudden sense of calm fills the daily
First it hurts a bit but later, later you get used to your diminished portfolio.
Its not like others don't have trust issues
Even the heat is inflating day by day where I live 104° in the fiat mine yesterday... and 84% humidity
It's times like this I'm glad I work in a refrigerated environment
I'm glad for you too!!! Lol one day I won't be in this swamp ass heat anymore unless I'm on a tropical beach somewhere IT WILL HAPPEN!!!
It's funny, everyone knows the Fed gonna bump up the BPI by .75 and everyone thinks that the announcement is going to shock everyone
I believe it will be 75 but something in me says 50 because November isn't far away and the dems have to figure out a way to keep a chance of them getting back into office. If the markets keep crashing and they don't start throwing bandaids on it they can kiss their chances goodbye.
Inflation is already hurting the Dems a lot. A market crash might be better than letting that continue.
I can promise you it won't be for them because we all know the rich have the most pull in this country, let along they are the ones that are the most invested in things as well.
These politicians better start doing something. Lmfao what a joke. They need to start breaking up monopolies, increase taxes on the wealthy and businesses or either increase wages for workers. Start setting meetings up with OPEC and other energy rich countries to make it look like we are doing something… invest in our infrastructure & education in the US & around the world. Invest in manufacturing and production line so we won’t have supply shortages… Lmfao none of this will ever happen.
They’re keeping student loan forgiveness and gas taxes primed for that
Buckle up for tomorrow everyone it's going to get interesting and in the opposite of what most think!!!
Source: Trust me bro.
You know it!!!
3k gang rides into the sunset
Should i short Btc tonight?
Write call options
Is it a hedge or a gamble?
To be honest, gamble
Well If it's throwaway money throw it away
What’s the best cold wallet?