This thing can dump to 20k at any moment and put him severely underwater
I do think he has the balls to remain steady while underwater though
The China crackdown is severe. They have had a stranglehold on bitcoin through mining for a while now. Might be good for the long term but obviously it’s pain while they dump
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Saylor starting to get a little worried I bet
This thing can dump to 20k at any moment and put him severely underwater
I do think he has the balls to remain steady while underwater though
The China crackdown is severe. They have had a stranglehold on bitcoin through mining for a while now. Might be good for the long term but obviously it’s pain while they dump
Quote Originally Posted by I_Need_A_Detox: Now’s the time to buy crypto if you’ve been on the sidelines imo I have a shitload again So what did you end up doing?
I sold everything around 35k and went short on btc and alts. You commented on the post.
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Quote Originally Posted by Doja45:
Quote Originally Posted by I_Need_A_Detox: Now’s the time to buy crypto if you’ve been on the sidelines imo I have a shitload again So what did you end up doing?
I sold everything around 35k and went short on btc and alts. You commented on the post.
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.
If we see both crypto leaders go down to old ATH from few yrs ago this bull market is done, will have to wait for next bull market.
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Quote Originally Posted by Chauster:
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.
If we see both crypto leaders go down to old ATH from few yrs ago this bull market is done, will have to wait for next bull market.
You have to be concerned w bitcoin as a long term investment when Both China and America have bitcoin in their death crosshairs, and both for very different reasons. China, for their Communist government doing all they can to prevent a capital flight from their own citizens,.... and America to try to prevent Ransomware from overtaking our ability to fight back. Obviously, bitcoin is the mechanism through which payments are made us the dark web. The currency will be under tremendous pressure here in the foreseeable future imo.
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You have to be concerned w bitcoin as a long term investment when Both China and America have bitcoin in their death crosshairs, and both for very different reasons. China, for their Communist government doing all they can to prevent a capital flight from their own citizens,.... and America to try to prevent Ransomware from overtaking our ability to fight back. Obviously, bitcoin is the mechanism through which payments are made us the dark web. The currency will be under tremendous pressure here in the foreseeable future imo.
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