Crypto thread

@I_Need_A_Detox

 Michael S. truly puts his money where his mouth is, he definitely isn’t all talk.

Wow total bloodbath overnight in crypto market, I do think this is pretty much bottom out or at least I hope so, cause there won’t be a lot of profits left for my ETH investment if it drops too much more. HODL HODL HODL

Damn 

I’m happy I had withdrawn a good amount to my bank account but it’s a complete nightmare trying to get from bank account back into crypto 

I would go all in again right now if I was able to 

Maybe it’s a blessing in disguise 

$25k daily limit for deposits 

What is this crypto for ants? 

Tweet from @CryptoCobain (who is probably the best trader in crypto) 

“Consider four scenarios:

1. It’s over. Complacency shoulder into bear.

2. Double bubble. Fake bear sideways to October’s second bull.

3. This time its different, turbo rekt. Down only.

4. Supercycle.

Apply probabilistic thinking. Trade accordingly.

The bell curve’s revenge.

I wrote them in order of my personal probabilities.” 

Wild stuff floating around 

There was a 4chan post yesterday describing what was about to happen with btc and it happened exactly as described... down to $30k etc. 

The poster said he works for an institution tied to China and they were going to hunt someone with a massive long, liquidate him and buy everything once liquidated to bankrupt the person. 

The person being hunted was Justin Sun. He has a $1billion long open and he wasn’t liquidated. He rebalanced and paid back $300m of debt. 

@I_Need_A_Detox

 I saw that too.... wild indeed 

buy buy buy.....   sqk sqk sqk

Long day today 

when all are a feared.  BUYYYYYYYYYYYYYY

Bitcoin fear index is at 11 (extreme fear). The last time it was here was Mar 2020. 

Buy. 

For 4 years I’ve been trying to comprehend why on days like yesterday nearly every crypto is down the same 40% or whatever. 

Not sure how that happens when they all have their own order books vs USDT, USD, BTC, ETH. 

Anyone have a good explanation? 

Simple ways to trade crypto: 

- Buy when the fear and greed index is low (fear or extreme fear) 

- Sell when the index is high (greed or extreme greed) 

- Buy altcoins when everyone with bitcoin is saying altcoins are useless and going to 0 

- Buy bitcoin when the people in altcoins are saying bitcoin is old and will be flipped by a superior crypto 

https://twitter.com/bitcoinfear/status/1395288192161570818?s=21

@I_Need_A_Detox

 No good explanation.... my best guess is it has something to do with leveraging one vs. another / many 

Bitcoin is consolidating under the $42k resistance. 

I’ll be ready to buy the pullback if it can’t breakthrough. 

@kcblitzkrieg

 I heard it might have been China trying to liquidate some billionaire on their bitcoin long. Justin Sun 

Here’s an indication I heard and think it could be true to know when this crypto bull run is over: during this bull cycle when the 2 leaders, BTC and ETH has already did the min 2x the old ATH (BTC old ATH was around $19.8k and ETH old ATH was around $1400) then if both leaders fall back to old ATH that’s a very bearish indicator and good sign this bull cycle is done.  That’s pretty scary as we were fairly close to it yesterday, let’s hope over the next few weeks or months we do not see both leaders go down to their old ATH.

Another indication I hear if you are wondering if yesterday’s collapse was the end of this bull cycle is: if over the next few months, the 2 crypto leaders doesn’t get back to the ATH level we seen this cycle then yesterday’s collapse was the end of this bull cycle.

With all that said above I don’t think yesterday’s collapse was the end of this bull cycle, but I do still think the 2 leaders will visit yesterday’s lows again in the near future and hopefully both leaders doesn’t fall all the way to old ATH to indicate the end of this bull cycle.  I’m still hodling my ETH because I still think in a few months we will see new ATH, we are due for good news for ETH with the EIP-1559 in a few months and that I think will give ETH a big boost in price.

Flagged on Coinbase for suspicious activity and can’t buy 

It’s amazing how much of a pain it has always been to buy this shit 

I’ve withdrawn a ton over the last 2 months and have been buying for 2 days ... now suspicious all of a sudden

Problem resolved after 10 emails 

Now a new problem

Been in crypto for 4 years, have sent hundreds of transactions... l want to send atom to KuCoin ... buy ETH ... send ETH to Uniswap ... to buy INJ ... can’t figure out how to send ATOM to KuCoin ... their 2 step verification process doesn’t make any sense 

This is all the shit that prevents mass adoption 

How to trade crypto 

When you feel fear, buy some 

When you feel euphoric, sell some 

good watch here if you haven't caught it yet

https://www.youtube.com/watch?v=Lhf_2gJJS1I

Pretty good video tbh 

3 good coins to invest in, My favorite with high potential being Shiba. ADA is good, along with Atom, and Emax.