Crypto thread

Elon f*#ken powerful Musk just cause a big selloff in the crypto market with his tweet earlier about the negativity of BTC, well I hate to be right but here we go ETH will start to have its 25%+ correction along with all these other alt-coins.

I know I said don’t get shaken out but... 

Sold 50% of my crypto 

Markets seem shaky 

It can all disappear too quick and I’ve worked too hard for these gains 

If you step back from all this and look at the big picture, this bull market I believe is far from over and if you could afford to you should take opportunity to buy into a few of these good projects at a discount, in a few weeks/months all this will pass and this correction is kind of healthy especially for ETH which has gone up a lot in a short period, having the ETH surge slow down and have a correction is actually better for the long run of this bull market.  I suggest slowly buy into this dip and slowly add more as u see certain cryptos you like which is a good project when it continues to dip.  I’m just going hodl my ETH and do nothing since I am not in a financial position to be able to add more on this dip plus my entry price was a lot lower than this so doesn’t make sense to average up.

I made more than I thought I would. 

I’ve seen these markets switch from bull to bear before and it isn’t pretty. 

The stock market, housing market and global markets look extremely shaky right now. 

I still have enough Atom.

I can’t get the phrase ‘hogs get slaughtered’ out of my mind. 

@I_Need_A_Detox

 i dumped doge and made a few bucks..that stock or whatever you want to call it needed to be watched closely..i got sick of waking up at three am and check what it was doing..i made my small chunk and that's all i wanted..now i bought eth a few days ago and with the remainder of what i had in my account i bought back btc..eth and btc was for the long..now it's like, HERE WE GO AGAIN..i'll hold for a few more days..crypto is like a soap opera

I got this feeling Elon Musk or Tesla bought some Cardano (ADA), just watch in the near future there will probably be an announcement about this.  Yesterday when Elon tweeted about the negativity of BTC using fossil fuel for mining and also said Tesla will no longer accept BTC as payment and he did also say they will be looking to buy other cryptos that are energy efficient, I’m sure Elon will know ADA is a great project and energy efficient since he has looked into it in the past.  Just my speculation about Tesla buying ADA, but if you look almost everything is down except for ADA and I didn’t find any special news on why it’s up so much setting new ATH of $1.97.  If I had some money to spare I would buy some before the whole world is told about Elon or Tesla buying ADA, this isn’t financial advice but if you have money and don’t care if you lose it looks like great potential to me to make good money.

Michael Saylor (MicroStrategy) added $15M more BTC with this dip. The company has now spent total  $2.24 billion on BTC.

BTC on sale fellas.  ETH I think loses 3-400 more ...but kool now...

ANKL.    throw something....forsake a heavy favorite and get a lil of Mana, All ETH related Alts....take some profits and buy more Alts....take BTC profits buy ETH.....ALt profit then ETH.....back forth back forth....works nice...  
yes BTC on sale and MUSK that Rat Looking fun who some faces you just dont like, A scientific fact...
You all have seen a Face u detest immed.....  MUSK. I dont like.  He a Rat-snake..... BUYING BTC By the Billions today & tomorrow...  no matter. will hit 60 by July IMO.     

Never wrong take a profit, but man if you wake up at 53k, 57k, you paying yr profits back at a premium to get in before inevitable u must agree 60k.  ?! .

For instance.    Eg: We all had bought 10 ETH at say 2700./27k on Thur/Fri .    3 days later hits  3150.00/31,500.  thats 4500.00!! profit  in 3 days...not bad.  
So let us  sell a 1/5th  of our pile say 20% worth , 2 ETH for 3150. apc x2= 6300.00    ...nowww>
Im running 8 coins for 20,700.      
ETH dips that week , 10 days later to 3500. eg. x8 = 28,000.   im ahead 1k...and locked up some $ .  
Dips that next day to  3300...   me?   I take the 6300 and buy 2 more about...    when it hits 4500 again, it shall.....we doing ok... we buying now 10 alts at 500/100 apc..      ehh good luck...really enjoy this thread on Covers. ty for doing it.   BFPOO.

Wholly cow look at MATIC, it performing phenomenal now at new ATH of $1.51, wish I got my brother to sell some of my ETH to buy it awhile back when I kept saying good things about it.

INAD,

A while back I asked you where you saw ATOM at by the EOY. I think you mentioned $80.00. Do you think that still happens?

I do. I think it will get over $100. 

I still have a bunch. 

Best guess —> I think soon we get a parabolic move over 2-3 weeks... pumps to $60+... bitcoin starts to pump and money flows from alts into bitcoin... bitcoin gets to $100k+... alts have one last major pump... I believe atom will have its day. 

Obviously none of this is guaranteed. That’s why I took profits, I was way over exposed.

If you’re in an alt and it goes parabolic I think you should be selling a percent (15/25/50) into USD or bitcoin. 

Stock market has been ugly last few days and if this is a start of big stock market correction, it will eventually affect the crypto market negatively as well.  Like I said I still think ETH will have a 25%+ correction in near future and that will lead most altcoins to have a correction too, again hope I’m wrong.

Well I was hoping I was wrong above was what I wrote few days ago but we are seeing the 25%+ correction now and most of altcoins are down fairly big, it’s going to be ugly for a few weeks.

Elon’s ego is too big for Bitcoin. 

Good thread. 

https://twitter.com/beautyon_/status/1393945664535601155?s=21

I’d say we’re close to the bottom. Maybe $40k. 

A low leverage long will succeed right now imo. 

BTC $43,400 

ATOM $22.20 

I think a ton of people are sitting on piles of cash waiting to buy this dip. It will probably be a big wick to liquidate all of the longs and create liquidity for big buys. 

I could be wrong obviously. 

@I_Need_A_Detox

 hope you're right though 

@I_Need_A_Detox I see that you're knowledgeable of this crypto world, I would like to know what are some coins that you see on the rise in the future on Coinbase app?  Thank you

Atom (Cosmos) 

Bought a stack of Crust Network (CRU) on this dip. Currently around $75. (Originally bought at $4 25 pages ago) 

Parachains are coming to Kusama and Polkadot and I like their chances. 

My bags: 

ATOM — biggest by far 

BTC 

CRU 

no shake me out...buy buy buy.....

Michael Saylor: 

“MicroStrategy has purchased an additional 229 bitcoins for $10.0 million in cash at an average price of ~$43,663 per bitcoin . As of 5/18/2021, we hodl ~92,079 bitcoins acquired for ~$2.251 billion at an average price of ~24,450 per bitcoin.”

This guys doesn’t stop