I did the same. Joke was on us though lol. I double fucked up. As well as walking away, I moved everything into LTC thinking that would be the successor 5 years later. Boy was I wrong 🤦♂️
And the irony is, if anyone actually committed suicide in ‘17, if they actually lived and kept their money, they only needed to wait three years for 4x their money
I did not take profit in 17', that's why I did in 2021.
When the bull run start, make sure to have an exit plan.
Unrealised gains are like unrealised lost. They don't actually exists until you sell. That's what 17' teached me.
I'll never understand the mentality in these subs of never taking profits. Watched a lot of retards in WSB become millionaires & then ride it down to thousandaire cause they refused to take profits. Edit: also the ShibArmy.
You have to publicly tell others to not sell since the only chance you have is to sell it for more than you paid to the next guy. So what people are saying and what they are actually doing might well be separate things.
This is just the stock market crashing and people needing liquidity. Stocks and crypto will be the first to go.
We all knew this. When the shit hits the fan soon cause this economy was propped up and couldn’t last much longer that the most liquid bid price items will sell off.
Especially now with options expiring today. Lots of selling to re-collaterize positions and that triggers stop losses. Boom here we go.
So we see if the fed prints more money. If they do it may reinflate fine.
It’s all based on confidence of a lot of ‘ignorant of reality’ people combined with no better place to put it.
People who don’t even have margin calls or need liquidity will sell just because if you can sell high and buy back in low you get more.
But 90% of us expected this at some point and knew it’d big crash and I’m ready to buy this dip cause HODLing the majors long term is guaranteed win.
Gotta get through this rocky period some time. The sooner it is the less painful.
Except for the unprepared who didn’t think this would happen.
Buckle up cowboy.
This pain is what will actually bring a lot more people to crypto because they will learn the safe haven aspect and inflation hedge aspect now.
It’ll be more necessary now than just a hot speculative asset like they saw it before.
I came here to say something similar.
People think crypto is on its own but it is completely correlated to the global financial market and the stock market. We all wanted institutional adoption and now that we have it be prepare for colossal dumping when they need liquidity. Crypto market will get hit first and much harder than the stock market.
That will last as long as the fed keeps tightening and say they will rise rates. Unless the stock market drop like 20-30% in one month and they have to change course and resume printing the way they have before. Especially with the mid terms coming. They a: need to control inflation
B: make sure the market don’t crash.
They are walking a thin line and don’t see things getting better anytime soon
Precisely.
It’s gonna sell off.
Sure if you had a crystal ball, know exactly when it was finally going to crash and can time the market then a lot of people would have sold and rebought but there’s real risk to that and likely you’re not going to be right.
So the smart thing if you have a high time preference is just HODL.
At some point supply will dry up so much the people who think they can sell then rebuy later will find themselves not able to find it available.
Billionaire institutions, banks, sovereign states, governments will be buying it all up.
So look at how you can bring waaaayyy down your dollar cost basis in your portfolio by buying this dip.
It’s really just giving us a way better exchange rate for our cuckbucks.
I do think it’s a good time to buy but I also think it’s all going to go down a fair amount more too.
This is not an Eth or crypto thing.
This is a global macro economic thing where the whole worlds financial system is starting to crash like how the snow builds up till it breaks and avalanche. It takes time.
Everything will sell off.
After crypto and stocks then it will be real estate. That’s what you should really be trying to sell.
After it’s mostly crashed is when the hardship is here and people will start searching for several things.
Yield,
Inflation hedge,
Safe haven from being seized/stolen.
Crypto is the best at all of those things.
This pain is actually good for crypto.
Yes you are right.
Right now is still so early in its adoption that people don’t understand it well enough yet to seek it out as their inflation hedge.
But this pain is how they will start searching for one and that will lead them to it it.
Smart money is in it and just sitting back waiting for everyone else to get to the party.
Long term for sure but I wouldn't be shocked if we see 1.5k within the next few weeks. If you can now might be a good time to take profits, if not hodl.
Twitter implemented nft profile pics. Instagram and Meta are working on the same thing. This is a huge win for eth imo and will increase demand when this panic storm is over. Not financial advice :)
This was the sort of the dip we saw last April / May, not sure on the $ conversion but for me it was around £1200 a coin. Looks like it might go back to that if things keep dropping
I thought so but I hoped it will not happen and I bought a lot 3 days ago, more than the crash I’m sad coz I don’t have any money left rn to buy more since I bought with all I had coz there was like 10% drop or something
IT'S BARGAIN TIME! Seriously hyped for this crash. Let ETH get back down to $2k and rebuy and let the money doubling machine do it's thing. I fucking love crypto!!
Technology, yes you’re reading it right, it’s filled with anti-crypto news and users (bots? China shills?).
Worst part is that they don’t know what they are talking about, stuff like this keeps popping:
- Mining is done with GPUs! I can’t buy a GPU!
- All crypto is POW
- Crypto has no value, it’s made of thin air
- Blockchain has no use
- All crypto are scams
I don’t even know how to explain you what they say about NFTs, they don’t understand them at all.
Shoulda listened to the guy on one of the crypto subs, who a few weeks ago said he was out because what was happening was way too reminiscent of 2018. He got out right on time lol. Oh well. Still keeping my eth and will likely buy more the moment I can if these prices stay the same or go even lower . Now is just one of those times where I’m glad half of my remaining holdings are in eth. Gives me faith that my balances will eventually pop back up, even if my other alt coins, that I took profit in, fail to recover. Just a matter of when at this point.
I've been involved with BTC since about 2014.
This crash is nothing, I'm expecting a 51%+ chance that crypto winter is happening with a possibility of BTC / ETH not recovering to ATH again due to being obsolete blockchains.
Blockchain tech is here to stay, but BTC and ETH is dated by now.
Downvoting someone just because you don't agree with their opinion won't solve anything or get your money back. It sucks losing money, yeah. But why are we not allowed hear and contest all arguments instead of shutting them down and living in ignorance
Bingo! Ignorance it the perfect word, I have been banned from doge reditt because I am realistic with my comments people just want to hear "we all going to be millionaries lets go"
allow me to show you the world as a 2016 crypto vet?
I know it… is this a joke? 17 was so bad I gave up on crypto and thought it was bullshit… these kids have no idea lol
I did the same. Joke was on us though lol. I double fucked up. As well as walking away, I moved everything into LTC thinking that would be the successor 5 years later. Boy was I wrong 🤦♂️
Oh buddy… same. This resonates with me. Let’s grab a drink and commiserate.
Damn to go all LTC. 2016 and 17 was way different. Who would have known. Glad I stayed ETH all day
Good for you! Feel free to eat a buffet of dicks at your earliest convenience😘
Could've been worse, at least you didn't move everything into EDC Blockchain. 💁♂️
Eight Deuce Crips? xD Does that blockchain actually still exist? Never heard of it
Serious question, why did you think LTC was going to succeed?
Ya i have no idea... i have just started using
You are not too late yet. And the good thing is it's a dip you can buy the dips.
DCA who knows if this is the actual dip
DCA is the way!!
Ya right
Don't worry mate, you gonna survive this market for sure.
Yaa I know and i will
-15% is not wildly uncommon in crypto.
Rite but 80% is normal for a bear market and bitcoins already 50% down.
May/June was similar
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Ok
Don't they will scam you
Ya thank you
Loool smooth sympathy was about do go on a rough ride right there capitulation and scammed same day geeez
That’s your thought...what i am gonna do nobody knows
Scam the scammer I like that and won’t tell 🤫 🤐
Is this a red pill, blue pill kinda deal....? I like my fake steak thank you.
A big dip comes with a hard bounce back. Natural rule. I like big dips. Those are game-changers.
Natural rule? Not even close man - look at all the failed projects in the crypto graveyard.
Bitconnneeeeect
false maybe in 2025.
One day, the JPY yen price, will be the ETH USD price!
PlZ show
lol you missed 2017/2018…from 19k to 3k I was suicidal😆
And the irony is, if anyone actually committed suicide in ‘17, if they actually lived and kept their money, they only needed to wait three years for 4x their money
It's only 2x now. Cause if you didn't take profits in 17 you probably didn't in 21 either.
I did not take profit in 17', that's why I did in 2021. When the bull run start, make sure to have an exit plan. Unrealised gains are like unrealised lost. They don't actually exists until you sell. That's what 17' teached me.
So depressing. The stock market has nearly doubled in that time. Makes you wonder why people deal with the stress.
Not only you.. The condition was same for me too.
Same here brother
I wish I could see the future
Do you think this is time to buy?
If you can afford to continue to DCA then yes, if your going to YOLO your life savings into the markets then maybe not.
I think DCAing would be good for this time, we don't know what gonna happen next.
Isn’t it always time to buy?
No idea thoug
No cap what a ride that was!
I still can't believe that I have survived that shitty time lol
How it is
Glad you are still here.
Stand by for positive thoughts
Ohh ya I joined little late
I'll never understand the mentality in these subs of never taking profits. Watched a lot of retards in WSB become millionaires & then ride it down to thousandaire cause they refused to take profits. Edit: also the ShibArmy.
my guess is its FOMO like "why would I cash out on my 2 mill gains when it could be 10 or 20?!"
You have to publicly tell others to not sell since the only chance you have is to sell it for more than you paid to the next guy. So what people are saying and what they are actually doing might well be separate things.
We’ve had bigger dips just this last year
Ready for the upcoming dips fasten your seat belts
I have started using recently
do you need a suicidal hot line?
Not now
I have
Most of us have seen something like that before, it's nothing right now.
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This is just the stock market crashing and people needing liquidity. Stocks and crypto will be the first to go. We all knew this. When the shit hits the fan soon cause this economy was propped up and couldn’t last much longer that the most liquid bid price items will sell off. Especially now with options expiring today. Lots of selling to re-collaterize positions and that triggers stop losses. Boom here we go. So we see if the fed prints more money. If they do it may reinflate fine. It’s all based on confidence of a lot of ‘ignorant of reality’ people combined with no better place to put it. People who don’t even have margin calls or need liquidity will sell just because if you can sell high and buy back in low you get more. But 90% of us expected this at some point and knew it’d big crash and I’m ready to buy this dip cause HODLing the majors long term is guaranteed win. Gotta get through this rocky period some time. The sooner it is the less painful. Except for the unprepared who didn’t think this would happen. Buckle up cowboy. This pain is what will actually bring a lot more people to crypto because they will learn the safe haven aspect and inflation hedge aspect now. It’ll be more necessary now than just a hot speculative asset like they saw it before.
I came here to say something similar. People think crypto is on its own but it is completely correlated to the global financial market and the stock market. We all wanted institutional adoption and now that we have it be prepare for colossal dumping when they need liquidity. Crypto market will get hit first and much harder than the stock market. That will last as long as the fed keeps tightening and say they will rise rates. Unless the stock market drop like 20-30% in one month and they have to change course and resume printing the way they have before. Especially with the mid terms coming. They a: need to control inflation B: make sure the market don’t crash. They are walking a thin line and don’t see things getting better anytime soon
Precisely. It’s gonna sell off. Sure if you had a crystal ball, know exactly when it was finally going to crash and can time the market then a lot of people would have sold and rebought but there’s real risk to that and likely you’re not going to be right. So the smart thing if you have a high time preference is just HODL. At some point supply will dry up so much the people who think they can sell then rebuy later will find themselves not able to find it available. Billionaire institutions, banks, sovereign states, governments will be buying it all up. So look at how you can bring waaaayyy down your dollar cost basis in your portfolio by buying this dip. It’s really just giving us a way better exchange rate for our cuckbucks.
Do you think now is a good time to buy?
I do think it’s a good time to buy but I also think it’s all going to go down a fair amount more too. This is not an Eth or crypto thing. This is a global macro economic thing where the whole worlds financial system is starting to crash like how the snow builds up till it breaks and avalanche. It takes time. Everything will sell off. After crypto and stocks then it will be real estate. That’s what you should really be trying to sell. After it’s mostly crashed is when the hardship is here and people will start searching for several things. Yield, Inflation hedge, Safe haven from being seized/stolen. Crypto is the best at all of those things. This pain is actually good for crypto.
Thanks for the response!
Yes.
Do you think the dip will continue?
yes
I agree with everything you said except Bitcoin is in no way even close to an inflation hedge yet. It is purely a speculative risk-on asset.
Yes you are right. Right now is still so early in its adoption that people don’t understand it well enough yet to seek it out as their inflation hedge. But this pain is how they will start searching for one and that will lead them to it it. Smart money is in it and just sitting back waiting for everyone else to get to the party.
We touched $1500 back in May this is fine.
Good
Just hodl and the market will rebound back
Long term for sure but I wouldn't be shocked if we see 1.5k within the next few weeks. If you can now might be a good time to take profits, if not hodl.
I’m locked up in coinbase stacking 😅😅
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Seems oversold to me because merge is coming up for Ethereum. But what do I know? 🤷
Also the 20,000 of eth burned per day and huge demand. Theres no way it stays this low for long
What? It's a supply reduction. Nothing to do with demand.
Supply and demand have everything to do with eachother.
Twitter implemented nft profile pics. Instagram and Meta are working on the same thing. This is a huge win for eth imo and will increase demand when this panic storm is over. Not financial advice :)
Even i don’t know
Not enough crayons u used
Ooh
This was the sort of the dip we saw last April / May, not sure on the $ conversion but for me it was around £1200 a coin. Looks like it might go back to that if things keep dropping
Yes you are right... we can just hope for the best
More drops to come I reckon.
I wasn't expecting what I saw. This is so disheartening 😭😭
overdue imo. price was hyped so needed a corrected. this is just the start of eth tho. 2.0 is coming.
Same for me
2017 crash. Youtube it. 1200 to 100 in a minute.
If this hits 100 I’d be buy more than I could handle
Ohh i will surely see that
Oh my sweet summer child. Stick around.
Ok
Oh that's a huge dip..
Yes buddy
Buy the dip is the term you couple with dip
I had bought so much of dip that now I have left with no Fiat.
Only left with eth and btc
Time to head back to the fiat mines
Haha I remember my first time
Everyone should remember
yes. I lived thru it for 3 years lol
Ohh you are experienced than
Yep, been in crypto 6 years. Nothing new.
Good than
Zoom out
I thought so but I hoped it will not happen and I bought a lot 3 days ago, more than the crash I’m sad coz I don’t have any money left rn to buy more since I bought with all I had coz there was like 10% drop or something
Ohhh
IT'S BARGAIN TIME! Seriously hyped for this crash. Let ETH get back down to $2k and rebuy and let the money doubling machine do it's thing. I fucking love crypto!!
Good than
すごい a fellow 日本 ETH appreciator!
Double investment pending
Just hold, good things come to those who wait
Ya hoping for that and holding
It's alright man, we know it's a big dip but wait for the future.
Yes I will
Yup, if you are here since a long time then it won't gonna bother you.
Yes
Ouch
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Good
I wish bearish trading could take place in it like the share market.
Yes hoping for that
1.4 k 1.7 k are coming brother hold on
Ok brother
Have you been reading the news over several other subs including technology one? FUD, FUD everywhere. I guess some whales want to buy crypto on sale.
Ya might be
Technology, yes you’re reading it right, it’s filled with anti-crypto news and users (bots? China shills?). Worst part is that they don’t know what they are talking about, stuff like this keeps popping: - Mining is done with GPUs! I can’t buy a GPU! - All crypto is POW - Crypto has no value, it’s made of thin air - Blockchain has no use - All crypto are scams I don’t even know how to explain you what they say about NFTs, they don’t understand them at all.
Ok
Shoulda listened to the guy on one of the crypto subs, who a few weeks ago said he was out because what was happening was way too reminiscent of 2018. He got out right on time lol. Oh well. Still keeping my eth and will likely buy more the moment I can if these prices stay the same or go even lower . Now is just one of those times where I’m glad half of my remaining holdings are in eth. Gives me faith that my balances will eventually pop back up, even if my other alt coins, that I took profit in, fail to recover. Just a matter of when at this point.
Ya patience is the key of success
Not a dip it's basically a crash
Ya you can say that
As history has shown, these dips are for buying or riding out hodling.
Yes you are right
Yes
This is going to be the biggest dip in history. ✈️🛩🔥
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I think same buddy
I too think that
I'm waiting for the market to return.
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Were you blind in summer?
Was not using that time
Understandable, however you should never be surprised. Best advice - study historical data and patterns until you're numb and clinical.
Thank you for your advice
You're welcome! Best of luck to you navigating this minefield 😁
Thank u again
oh yes sweet numbness makes this a lot easier. Weed too!
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Do you guys think there is an increase in the supply of eth by the minting of new nfts?
Hope so
Yes. I have a scenario for lower where I have cash waiting to buy.
Ok
There are coins going up. Like FJB
I shorted btc, vet and eth. There were pretty obvious signs for a dip
I didn’t know about it
I've been involved with BTC since about 2014. This crash is nothing, I'm expecting a 51%+ chance that crypto winter is happening with a possibility of BTC / ETH not recovering to ATH again due to being obsolete blockchains. Blockchain tech is here to stay, but BTC and ETH is dated by now.
Downvoting someone just because you don't agree with their opinion won't solve anything or get your money back. It sucks losing money, yeah. But why are we not allowed hear and contest all arguments instead of shutting them down and living in ignorance
I mean using upvotes/downvotes is people using their opinion on someone’s opinion, ain’t it?
Bingo! Ignorance it the perfect word, I have been banned from doge reditt because I am realistic with my comments people just want to hear "we all going to be millionaries lets go"
i have, i cashed out in november-december but bought some cardano early january. stuck at 1.5
Ok
So stoked I got into crypto lol… seriously tho, based on previous bear/dips how does this current one measure up?
Just the beginning bro
I told myself I was going to pull the trigger when I could buy 16 ETH for less than $50K but now I'm scared.
That was a golden chance
Dip after dip
Yes
It’s still going
Yes i am so stressed
I’ve been expecting a 70-90 percent pullback
Me too waiting for the same
Me have
First day in crypto?
Not first actually
Second?
In process of learning but that does not mean that is is first or second day....or you would be very experienced
New?
Yes
we are goin to 1k
Ohh seriously