|
AphexPin
Strange

Registered: 02/22/22
Posts: 464
|
Re: Crypto experts, please help... [Re: AphexPin]
#27679109 - 03/02/22 02:44 AM (1 year, 10 months ago) |
|
|
I guess I just wanted to present a bearish side, to contrast the unrelenting crypto bulls. Crypto has been certified 'dead' a few times before and boy is it depressing during those times.
|
Forrester
aspiring sociopath


Registered: 02/05/13
Posts: 9,351
Loc: Northeast USA
Last seen: 24 days, 7 hours
|
Re: Crypto experts, please help... [Re: AphexPin]
#27679110 - 03/02/22 02:47 AM (1 year, 10 months ago) |
|
|
Sub 20k, who wouldn't! If it gets there everyone and their mom will be buying.
Yeah I get the fear aspect of those big drops but I'm in it for the long haul. If I completely lost the couple grand I have in there I'd be just fine. I don't keep all my eggs in one basket.
-------------------- Repugnant is a creature who would squander the ability to lift an eye to heaven, conscious of his fleeting time here. ------------------- Have some medicinal mushrooms and want to get the most out of them? Try this double extraction method.
|
AphexPin
Strange

Registered: 02/22/22
Posts: 464
|
Re: Crypto experts, please help... [Re: Forrester]
#27679116 - 03/02/22 02:56 AM (1 year, 10 months ago) |
|
|
Quote:
Forrester said: Sub 20k, who wouldn't! If it gets there everyone and their mom will be buying.
Yeah I get the fear aspect of those big drops but I'm in it for the long haul. If I completely lost the couple grand I have in there I'd be just fine. I don't keep all my eggs in one basket.
That's what they said when it was $20k in 2017-2018, they swore they'd buy when it was sub $10k. Yet it traded there sideways at $5k for months, and crypto was 'dead' - no one was interested anymore. Not to talk you out of crypto exposure, I'm just saying there's risk, especially at this stage. It's been hyped up non-stop for almost two years now, I struggle to see what money is still waiting to enter.
https://companiesmarketcap.com/assets-by-market-cap/
|
Forrester
aspiring sociopath


Registered: 02/05/13
Posts: 9,351
Loc: Northeast USA
Last seen: 24 days, 7 hours
|
Re: Crypto experts, please help... [Re: AphexPin]
#27679119 - 03/02/22 03:01 AM (1 year, 10 months ago) |
|
|
I see your point, I just think we are far beyond anyome thinking bitcoin is gonna be dead.
But like I said, I know next to nothing compared to others around here!
-------------------- Repugnant is a creature who would squander the ability to lift an eye to heaven, conscious of his fleeting time here. ------------------- Have some medicinal mushrooms and want to get the most out of them? Try this double extraction method.
|
TheFakeSunRa
Bitch Splitter



Registered: 03/01/05
Posts: 16,449
Loc: Dirdy SOUF
|
Re: Crypto experts, please help... [Re: Forrester]
#27679185 - 03/02/22 05:43 AM (1 year, 10 months ago) |
|
|
I doubt it will ever drop below 20. I’d be afraid it was a sign of permanent abandonment by the real movers if I did.
I think the time to buy is sub 40 and the time to sell is plus 60.
In a few years I think it will bounce between 60 and 90.
That’s based on how much room for growth based on population and who has computers and some money.
Ain’t nobody know the future.
-------------------- [quote]Asante said: You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar. You know how shit you are, you just don't give a fuck for precisely that reason. I disendorse you.[/quote]
|
TheFakeSunRa
Bitch Splitter



Registered: 03/01/05
Posts: 16,449
Loc: Dirdy SOUF
|
Re: Crypto experts, please help... [Re: Forrester]
#27679187 - 03/02/22 05:44 AM (1 year, 10 months ago) |
|
|
Quote:
Forrester said: I see your point, I just think we are far beyond anyome thinking bitcoin is gonna be dead.
But like I said, I know next to nothing compared to others around here!
I think that’s what separates it from other cryptos. It’s the mainstream gold standard.
-------------------- [quote]Asante said: You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar. You know how shit you are, you just don't give a fuck for precisely that reason. I disendorse you.[/quote]
|
Forrester
aspiring sociopath


Registered: 02/05/13
Posts: 9,351
Loc: Northeast USA
Last seen: 24 days, 7 hours
|
Re: Crypto experts, please help... [Re: TheFakeSunRa]
#27679337 - 03/02/22 08:24 AM (1 year, 10 months ago) |
|
|
For sure. How do you think ETH compares, like say what percent chance you think there is it could completely go to shit?
Just asking cause I've got like twice as much in ETH as I do in BTC.
-------------------- Repugnant is a creature who would squander the ability to lift an eye to heaven, conscious of his fleeting time here. ------------------- Have some medicinal mushrooms and want to get the most out of them? Try this double extraction method.
|
AphexPin
Strange

Registered: 02/22/22
Posts: 464
|
Re: Crypto experts, please help... [Re: TheFakeSunRa]
#27679622 - 03/02/22 11:39 AM (1 year, 10 months ago) |
|
|
Quote:
TheFakeSunRa said: I doubt it will ever drop below 20. I’d be afraid it was a sign of permanent abandonment by the real movers if I did.
I think the time to buy is sub 40 and the time to sell is plus 60.
In a few years I think it will bounce between 60 and 90.
That’s based on how much room for growth based on population and who has computers and some money.
Ain’t nobody know the future.
It went from $5k to $60k within a year.. I think a dip down to sub $20k is definitely 'in the cards', but I'm not claiming to have a crystal ball.
Edited by AphexPin (03/02/22 11:39 AM)
|
TheFakeSunRa
Bitch Splitter



Registered: 03/01/05
Posts: 16,449
Loc: Dirdy SOUF
|
Re: Crypto experts, please help... [Re: Forrester]
#27679659 - 03/02/22 12:08 PM (1 year, 10 months ago) |
|
|
Quote:
AphexPin said:
Quote:
TheFakeSunRa said: I doubt it will ever drop below 20. I’d be afraid it was a sign of permanent abandonment by the real movers if I did.
I think the time to buy is sub 40 and the time to sell is plus 60.
In a few years I think it will bounce between 60 and 90.
That’s based on how much room for growth based on population and who has computers and some money.
Ain’t nobody know the future.
It went from $5k to $60k within a year.. I think a dip down to sub $20k is definitely 'in the cards', but I'm not claiming to have a crystal ball.

Goddamn that’s astonishing.
But with those big mountains and all the advertising and the arena I think there’s too much push and pull equilibrium to go that low again. But like you say… no crystal ball.
-------------------- [quote]Asante said: You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar. You know how shit you are, you just don't give a fuck for precisely that reason. I disendorse you.[/quote]
|
TheFakeSunRa
Bitch Splitter



Registered: 03/01/05
Posts: 16,449
Loc: Dirdy SOUF
|
Re: Crypto experts, please help... [Re: Forrester]
#27679661 - 03/02/22 12:11 PM (1 year, 10 months ago) |
|
|
Quote:
Forrester said: For sure. How do you think ETH compares, like say what percent chance you think there is it could completely go to shit?
Just asking cause I've got like twice as much in ETH as I do in BTC.
I don’t like ETH like that but when you invest you can always lose your principal. I have stocks that are way more likely to fold.
-------------------- [quote]Asante said: You constantly make posts thatr fling middle school insults at people you don't like mixed in with maladjusted psychopathic comments about wanting to beat up the other poster with a crowbar. You know how shit you are, you just don't give a fuck for precisely that reason. I disendorse you.[/quote]
|
AphexPin
Strange

Registered: 02/22/22
Posts: 464
|
Re: Crypto experts, please help... [Re: TheFakeSunRa]
#27679714 - 03/02/22 01:04 PM (1 year, 10 months ago) |
|
|
Historically any new ATH has been followed by a 75%+ drawdown. This would be the first ATH where it hasn't if it doesn't dip sub $20k. But clearly BTC now is different then BTC in 2014 or 2017. At any rate I think the price action is interesting regardless of who's profiting.
|
AphexPin
Strange

Registered: 02/22/22
Posts: 464
|
Re: Crypto experts, please help... [Re: AphexPin]
#27679731 - 03/02/22 01:21 PM (1 year, 10 months ago) |
|
|
@Forrester, this is a good video explaining the basics of how it works btw, since you mentioned not being totally up to speed.
Edited by AphexPin (03/02/22 01:22 PM)
|
|