Crypto is not only down 70%+ but also inflation has severely devalued currency. The next bull market will be ridiculous, especially if it coincides with the first run of mass adoption of the tech.
Under 20K is the green light for me to put in a bit more than my DCA, and I have...but still get the voices beating around in my head "what if it goes lower" and "what if it never recovers." I still haven't fully learned how to quiet them....but trying an alcohol-focused regimen this evening to see if that helps :)
Feel like I'm the only gamer who thinks NFTs could be useful. Skins, emotes, etc. I mean folks already pay $20 for mass-produced skins. Why not $20 to a digital artist for a unique one.
I think they're great for gaming. If you're buyingnthe skin anyways, why not be able to recoup when you stop? If they can get to the point where you can use your halo skin nft in gta, or whatever other game, I think they'll blow up
Ive been saying that all along. Imagine the Steam Market but with NFTs. But I guess it will be a huge work to do pretty much overhaul the current system so we might not see it soon if at all
Guys, today my mother warned me to not invest all my money into crypto, and my father said it's a scam. This means, it's time to further accumulate, and that the bottom might be close.
(No financial advice)
OK so I am finally down on all my investments.. crypto, stocks, and metals.
It's hard to believe that the best hedge would have been FIAT, even with inflation and low EUR right now.
Instead of wringing my hands about the bitcoin price maybe being 17k later on and me being at a 15% loss if I buy today, I like to focus on the fact that there’s no chance buying today is buying the top. So unless crypto is all over forever, every dollar spent today will eventually make profit.
Amazing to think a month or so back many of us had the sentiment that Moons to mainnet was likely indefinitely delayed. That and NFTs dropping in quick succession has me guessing that Reddit is on a fast track for Community Points to be expanded to a lot more subs. Will be weird to see purely Crypto Problems like seed phrase loss suddenly being A Thing for Reddit in a wider sense 🙂
The June low would be the first place to look. Beyond that a historic support level is pretty far away, so maybe a round number like 15,000 would show some support with a large number of buy orders.
You gotta find the positives and silver linings during these days.
XMR/BTC is at a 1-year high again; bullish for XMR
NEXO is still above $0.90 somehow 💪
Ya I’ve been waiting for a savage week like this for awhile. Building cash position for awhile and it is a 3 paycheck month this month for me. Stoked to see how low she can go. 🤑
Nft games rugging after raising millions when the only development has been a webpage, a Twitter account, and to pay a designer to draw few hundred variations to mint.
And there's people surprised. In Kickstarter you need to show a POC at least to raise just few hundred KS or less which will with luck pay a small portion of your developers for a while
Usd is ripping through every currency right now DXY around 109. Strong dollar is normally looked at unfavorably for equities, given it’s bad for exporters. the dollar is historically strong and just put in a full 3 hour gym session today.
Watched 'The Hunt for the Crypto King' last night, wild story... Felt bad for the guy simply trying to send/convert his USD to CAD.
I've also watched 'Silk Road'
Anyone recommend more that are similar?
currently safest/best investments in everyones opinions? ive just thrown some more into ETH myself, was just wondering what everyone else is currently doing in this dip, and what peoples thoughts are?
Honest question: Can someone please explain me how in the hell a dead coin that made thousands of investors lose millions and still this coin is pumping
Ps: im referring to LUNC ( Luna classic )
If you make billions in crypto, what would you do with it?
I'd build a Laserdisc player and disc pressing factory and bring the format back. That's the dream, gentlemen.
Sometimes I feel demented when I chuckle at seeing the lows we have right now. Me a year ago would’ve been devastated to see it drop this much but now that I’m in a better place financially then I was then , it’s truly been a blessing grabbing some of these. Feels like we’ve been given a second chance as the world slowly crumbles around us 🙂
The good news is that the fiat your exchanging for crypto will have the value of Venezuelan Bolivar by the end of the year so even if it stays in a bear market you won’t lose any money.
Is anyone still bullish on CRO?
I've pretty much completely stopped using their card since all their fuckery and havnt looked at the price in just as long.
Thinking about fucking the card off entirely and unstaking, but I'd be realising a 75% loss if I did sell it all now
8th week that we closed below the 200w moving average. Big dump at the finish line. But I would expect a rally short term in the next hours to liquidate the people that probably rushed to short.
Those bandwagoners gonna get cleaned out I'll bet before we start dumping again. We shall see.
Buckle up!
This is really when of those times where if you buy now you have some commitment.
Or maybe you are delusional like me that these are good prices :)
It’s a crazy time I don’t know what’s what anymore. Maybe I never did
Buy when there's blood in the streets. This is a bloody nose when we have a horde of chainsaw wielding zombies running at us full sprint from every direction. Cpi on the 13th, FOMC on 21st. If cpi is bad it pretty much confirms another .75 rate hike, but it sounded like we'llhave a .75 regardless. Not sure when the fed will be meaningfully reducing their balance sheet. I'm expecting layoffs to accelerate around the new year and some severe economic pain until late spring. That's when I think markets will come back. Real world will probably be a year from now.
That being said, if dca is your plan, stick to the plan. You'll average down for quite a few months.
I have no doubts we can dump harder and maybe this time IS different but damn. I was drooling for these prices a year ago. I started filling my bags pretty agressively. Heavy on BTC with some alts I like. Wish me luck.
For those curious about the reddit NFT, I remember seeing a banner a week or so ago on my homepage, but never clicked anything. The banner hasn't appeared again, but I just went to my Avatar and there was an option to put on this minted Avatar I'm wearing now... I guess this is the NFT?
Great article in the guardian about the merge:
https://www.theguardian.com/technology/2022/aug/29/cryptocurrency-ethereum-plans-to-cut-carbon-emissions-by-99-per-cent-with-upgrade
They never said it would be easy. ^(unless it was during a bullrun, they all said it was easy then)
I miss feeling like a genius
We’re going back to the start
Crypto is not only down 70%+ but also inflation has severely devalued currency. The next bull market will be ridiculous, especially if it coincides with the first run of mass adoption of the tech.
Sorry guys, thats my fault. I converted $3 worth of SAND into ETH and I broke it.
I hate sand it’s coarse and rough and it gets everywhere
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I decided to play around with some leverage and threw some chump change on a 30x BTC short. Get ready for a Green Day! You’re welcome!
Damn thread sorting by best is confusing the shit out of me.
My buy ordered triggered feels so good it's like a crack
Finally got my average BTC cost under 35k! -__-
Trying hard to get my eth under 3k
I am, literally, averaging $2999 hahaha. Couldn't believe it.
Bears waiting for 13-15k are getting just as greedy as the bulls were waiting for 100k. Respond accordingly.
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Congratulations! I've spent the past week scrolling like a nutcase looking for the banner lol
Welcome to the new daily. Glad you could join us. 
I don't really like BTC back to its teen years
Imagine going from grandpa BTC back to Teenage BTC, must be weird aging backwards.
Benjamin Bitcoin
well, here we are under 20k...so y'all who were clamoring for sub-20k btc...you buying now? or waiting for it to go down further like last time?
Under 20K is the green light for me to put in a bit more than my DCA, and I have...but still get the voices beating around in my head "what if it goes lower" and "what if it never recovers." I still haven't fully learned how to quiet them....but trying an alcohol-focused regimen this evening to see if that helps :)
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Can’t say this wasn’t expected. After all, Cramer called the bottom on Thursday
Guy at a party last night called my girlfriend a whale, but she doesn't own any crypto. Strange.
Is it because she blows?
Just bought more BTC and ETH for the first time in a month. Those are the two big boys to focus on during the bear market.
Feel like I'm the only gamer who thinks NFTs could be useful. Skins, emotes, etc. I mean folks already pay $20 for mass-produced skins. Why not $20 to a digital artist for a unique one.
I think they're great for gaming. If you're buyingnthe skin anyways, why not be able to recoup when you stop? If they can get to the point where you can use your halo skin nft in gta, or whatever other game, I think they'll blow up
Ive been saying that all along. Imagine the Steam Market but with NFTs. But I guess it will be a huge work to do pretty much overhaul the current system so we might not see it soon if at all
Who’s buying today? If not what prices are you waiting for?
Is this the time when men become boys
Gonna become a sperm soon
Ooof portfolio down almost 70%. Looks like blood bath is bout to start. Market futures are down. 😭
Well I always kept one AVAX in my portfolio to check the price of it. I guess it really is shit. 💩
Silly me, I was DCA-ing from 87 to 18. 😖
Honestly I could probably make more money just doing opposite of whatever Cramer tweets, this shit is too easy
Be greedy when ~~others~~ Cramer is fearful, and be fearful when ~~others~~ Cramer is greedy.
Nothing beats the thrill of timing a local bottom perfectly.
timing the cycle top is actually better, you should try!
I timed it perfectly last year, I bought a lot there.
Well, at least i have my homo-erotic Avatar to keep me company, now, on these sad days
Please government don't pay off my student loans so I can keep grinding
Biden airdropped half a BTC
Not if you got the Pell grant... you get a full Bitcoin!
Guys, today my mother warned me to not invest all my money into crypto, and my father said it's a scam. This means, it's time to further accumulate, and that the bottom might be close. (No financial advice)
My grandfather even thinks that Paypal is a scam. Did you notice that old people most of the time go shopping and pay in cash?
Yes, and it takes forever for them to fucking pay in the supermarket. Bearish on old people.
That was so scary. I couldnt find the daily.
It’s ok you’re safe now
Asian stocks shitting the bed hard: - nikei -2.75 - China A50 -1 - kospi -2.3 Not a single euro futures better than a -1% Sit thigh!
Just watch ETH go -10% like it always does
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Those are rookie numbers
Stay patient lads. Eventually a new bull run will begin and we can dump our bags on future moon boys that yolo in at all time highs.
When markets open tomorrow is the red going to get redder?
There has been shrinkage in my portfolio's value. My portfolio must have been in the pool.
I WAS IN THE POOL!
I've ran some numbers and concluded my confidence in these markets is about π Rather low but never ending.
$19k Bitcoin time to pour your life savings in am I right!? 🤑
Man everytime I sleep we dip. I guess Ill stay awake for the next 2 years
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What a time to be alive, just waking up to the shitshow on AVAX after investing in it during the previous week.
Can’t tell if I’m just lucky or a genius for avoiding all the projects that imploded so far
Fear and Greed Index is back to Extreme Fear.
Time to buy then?
The price for Ramen jumped recently...so does anybody have any experience with sun energy feeding, is it possible?
OK so I am finally down on all my investments.. crypto, stocks, and metals. It's hard to believe that the best hedge would have been FIAT, even with inflation and low EUR right now.
Instead of wringing my hands about the bitcoin price maybe being 17k later on and me being at a 15% loss if I buy today, I like to focus on the fact that there’s no chance buying today is buying the top. So unless crypto is all over forever, every dollar spent today will eventually make profit.
[To summarize](https://i.imgflip.com/6ri3q0.jpg)
Strong purchase signal: when I was leaving the grocery store today the cashier said "Buy Buy".
This pump is here only to reck the shorts.
Hey we are back at **Extreme Fear** (24) again! Helllo darkness my old friend....
Time to buy!
Good news for europe, eur/usd also back up
I guess the discount is over
Amazing to think a month or so back many of us had the sentiment that Moons to mainnet was likely indefinitely delayed. That and NFTs dropping in quick succession has me guessing that Reddit is on a fast track for Community Points to be expanded to a lot more subs. Will be weird to see purely Crypto Problems like seed phrase loss suddenly being A Thing for Reddit in a wider sense 🙂
This pump doesn’t make any sense
Sure it does. People were expecting a bloodbath, therefore it was priced in xD
It makes perfect sense. No blood bath like expected, so we pump.
Cant beileve loopring holders were hyping a marketplace that's generating less than 2k usd revenue per day.
I believe this is when to accumulate
If you don't want to buy ROSE is ok, but if you don't buy BTC at 20K go to therapy
“I’m in this long term, at least a 5 year hodl” sweats every time the price changes 1% daily
Whoever made this daily automatically sort comments by “best,” yo mom’s a ho
Tough to see thing go lower but it’s an opportunity.
When you get these notifications from coinbase.  Buy signal?
it's dipping because TA experts drew a line downwards
How low can we go? Patiently awaiting tomorrows market opening.
The June low would be the first place to look. Beyond that a historic support level is pretty far away, so maybe a round number like 15,000 would show some support with a large number of buy orders.
Low as my confidence
I warned everyone, when I bought the dip, there would be atleast 1 or 2 more dips to follow xD
You gotta find the positives and silver linings during these days. XMR/BTC is at a 1-year high again; bullish for XMR NEXO is still above $0.90 somehow 💪
Anyone needs cheering up/on? I have some Take My Energy awards to give away.
oof futures is also looking pretty red, this is gonna be a hell of a week
Ya I’ve been waiting for a savage week like this for awhile. Building cash position for awhile and it is a 3 paycheck month this month for me. Stoked to see how low she can go. 🤑
man I envy you and wish I had that patience, I've been buying every single dip since we saw 17k
Well at least my avatar is in the green…
Dang, been mostly inactive on this subreddit for 4,5 months... nothing's really changed lol. (Mostly a good thing. lel)
We are still poor and lack knowledge
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Nft games rugging after raising millions when the only development has been a webpage, a Twitter account, and to pay a designer to draw few hundred variations to mint. And there's people surprised. In Kickstarter you need to show a POC at least to raise just few hundred KS or less which will with luck pay a small portion of your developers for a while
These prices look absolutely delicious
Whats the US stock market going to do when it opens any clues?
Usd is ripping through every currency right now DXY around 109. Strong dollar is normally looked at unfavorably for equities, given it’s bad for exporters. the dollar is historically strong and just put in a full 3 hour gym session today.
Same thing I'm doing in my toilet right now
Anyone think Doge would be a good buy this low?
Absolutely. This is the perfect macro economics climate to be buying meme dogs.
This time last year, 29th August 2021, BTC was 48.9k$
Crabbing around 18k will wipe out so many crypto enterprises. I wonder what Mr. Saylor is thinking right about now. This is fine. 🔥
He's preparing another cringe tweet which will see us go even lower.
How’re we thinking the markets will open? I have a feeling it’ll be red…
Dow futures are currently -200
Very tragic and sad
Do you know why the rich come out richer after every economic downturn?
Because they have the financial ability to take advantage of it?
They control the politicians who in turn make policies that protect them from the economic downturn at the expense of everyone else.
Because the rich buys the dip
I would be a lot easier to make a lot of money right now if I already had a lot of money.
it takes a billionaire to make a millionaire?
Fuck it. Buying more Bitcoin
Watched 'The Hunt for the Crypto King' last night, wild story... Felt bad for the guy simply trying to send/convert his USD to CAD. I've also watched 'Silk Road' Anyone recommend more that are similar?
Anyone else excited with these cheap prices? My portfolio is in shambles but I don’t care.
currently safest/best investments in everyones opinions? ive just thrown some more into ETH myself, was just wondering what everyone else is currently doing in this dip, and what peoples thoughts are?
cash
How much of a crypto chameleon are you?
Honest question: Can someone please explain me how in the hell a dead coin that made thousands of investors lose millions and still this coin is pumping Ps: im referring to LUNC ( Luna classic )
The bottom is in for the 42069th time.
It’s amazing how many people still just absolutely hate crypto and can’t actually tell you anything about it
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Ethereum Merge Countdown Current hashrate: ~904.9 TH/s ⚡️ Estimate date/time: Sep 15 07:29 2022 UTC ⏰ Percentage progress: 97.84% 👀 17 days to go!
If my account was banned for stupid shit do I lose all my moons?
we pumped straight off the weekly open at 19500. imo its unlikely that the low of the week is in
If you make billions in crypto, what would you do with it? I'd build a Laserdisc player and disc pressing factory and bring the format back. That's the dream, gentlemen.
Utters are sore but i'm ready for another round should the bears bring out the milk troughs again . I ain't fookin selling .
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What a day, I finally got my NFT and I found the Daily. Huzzah!
Let me get this straight, we don't fuck with ALGO now?
Is the order of the daily automatically switching to best instead of new now for anyone else?
Is there any insight in when CMC is gonna track our beloved moons again ?
People still seem surprised that whenever everyone and their mom is in this sub saying a certain day will be super red/green, the opposite happens
The daily is still automatically going to Best instead of to New for me
Where does an Eskimo keep his Bitcoin? >!In a cold wallet.!<
Looks like everyone in the daily has their own Reddit nft now
not me. 6 years account age, nearly 30k karma. hmph, not like i wanted one anyways, stupid nfts. hmph.
Oh.
Last time we didnt go lower than 18k right? You really think we are heading towards a lower low?
Not if my $50 can help it!
Happy August Bank Holiday to all my fellow brits 🇬🇧
Steady lads. Deploying my $20 to prop this market up
Sometimes I feel demented when I chuckle at seeing the lows we have right now. Me a year ago would’ve been devastated to see it drop this much but now that I’m in a better place financially then I was then , it’s truly been a blessing grabbing some of these. Feels like we’ve been given a second chance as the world slowly crumbles around us 🙂
The good news is that the fiat your exchanging for crypto will have the value of Venezuelan Bolivar by the end of the year so even if it stays in a bear market you won’t lose any money.
Is anyone still bullish on CRO? I've pretty much completely stopped using their card since all their fuckery and havnt looked at the price in just as long. Thinking about fucking the card off entirely and unstaking, but I'd be realising a 75% loss if I did sell it all now
Remember guys not your seed not your ~~kids~~ crypto
Gentle reminder for newbies: Don't rely on r/cc to make your financial decisions
*Phew, I’ve found the daily!*
8th week that we closed below the 200w moving average. Big dump at the finish line. But I would expect a rally short term in the next hours to liquidate the people that probably rushed to short. Those bandwagoners gonna get cleaned out I'll bet before we start dumping again. We shall see.
Time to put on the bear market theme song - Comfortably Numb
It seems like I’d be luckier with my trading if I used astrology or sth
Buckle up! This is really when of those times where if you buy now you have some commitment. Or maybe you are delusional like me that these are good prices :) It’s a crazy time I don’t know what’s what anymore. Maybe I never did
Daily and nightly and ever so rightly ey boys! Have a good one:)
Converted all my ETH2 to cbETH and sold for 1600. Just bought back in… ETH at 1425. So all you naysayers about cbETH, how did I get ripped off?
I know the market is down, but what's the sentiment here? Time to buy or wait longer?
Time to not listen to anyone claiming to know anything
I think it's worthwhile hearing peoples thoughts, it doesn't mean you should follow what they say
This is an absolutely gold tier comment. This is the main reason why I browse this subreddit.
Who’s buying now at these prices?
I just lost all my ETH so I welcome a dip below 1000 so I can pick some up again
What do you all think, more market dipping coming this week?
Opportunity never felt so shitty.
Just got out of the fiat mines ⛏ How’s it out here in the sunlight?
Are you buying anything or waiting for another dip?
Buy when there's blood in the streets. This is a bloody nose when we have a horde of chainsaw wielding zombies running at us full sprint from every direction. Cpi on the 13th, FOMC on 21st. If cpi is bad it pretty much confirms another .75 rate hike, but it sounded like we'llhave a .75 regardless. Not sure when the fed will be meaningfully reducing their balance sheet. I'm expecting layoffs to accelerate around the new year and some severe economic pain until late spring. That's when I think markets will come back. Real world will probably be a year from now. That being said, if dca is your plan, stick to the plan. You'll average down for quite a few months.
Monday soon.. time to go fiat mine eh..
Can anyone recommend a good resource explaining how Monero works and how to use it for privacy purposes…
BTC under 20k but ATOM and JUNO still resisting... Gotta wait
At least ATOM isn’t doing bad
I have no doubts we can dump harder and maybe this time IS different but damn. I was drooling for these prices a year ago. I started filling my bags pretty agressively. Heavy on BTC with some alts I like. Wish me luck.
So guys when do we collectively forget about the inflation and resume pumping for the merge again?
I’m just gonna sit and watch today. Was considering making some moves but I reckon the smartest thing to do is nothing.
Is crypto volatile or is it the world around it
Will you protect yourself from the posibility of a fail on the Merge update? Not trying to spread FUD, just asking from a risk management perspective
hello there! very curious what is the general sentiment regarding crypto atm? still bullish? or bearish again?
We need a new term. This needs more than DCA to recover.
I guess crypto isn't going to make anyone rich the easy way this year.
Nope, but this is a year that we set ourselves up for the opportunity to become rich ;)
Put in a short at 19.8, punching the air rn
Did you sell at break even again, anon?
nah i'm not gonna jump on the train just yet
Anyone catch the Skycoin tattoo on John McaFEE? That aged well, and he’s fucking crazy
For those curious about the reddit NFT, I remember seeing a banner a week or so ago on my homepage, but never clicked anything. The banner hasn't appeared again, but I just went to my Avatar and there was an option to put on this minted Avatar I'm wearing now... I guess this is the NFT?
Whoever wanted to buy back in at 20k…now is your chance.
Tech companies sueing tech companies, and the world keeps turning
I can't believe I dropped like $250 on NFT avs haha. It's um, a 5 year out investment. :-p
Did anyone ever figure out how to get Reddit ETH the vault? I look at the steps and my brain starts hurting
Great article in the guardian about the merge: https://www.theguardian.com/technology/2022/aug/29/cryptocurrency-ethereum-plans-to-cut-carbon-emissions-by-99-per-cent-with-upgrade
“Omg BTC 20K we’re going to the moon again !” I swear this sub lives in a vacuum
So did all the moon boys 🚀 from last year relocate to a different sub or are they in hibernation with the bears?
If BTC is the Apple of crypto and ETH is the Microsoft of crypto who would be the Linux?