Crypto is Crashing HARD - opportunity.....

[Mujahideen]

Also hearing unconfirmed rumors that coin base is holding peoples BTC hostage also.

 

[ds_mustang]

Experts said BTC was going to $100k.

Eventually BTC will go to $100k, if for no other reason than because the dollar fell so much.

 

[ds_mustang]

Also hearing unconfirmed rumors that coin base is holding peoples BTC hostage also.

That's terrifying. I have a bit in Celsius and I think I have to kiss those assets goodbye.

 

[Au-myn]

P&F scale 3 x 2000. A long term look at BTC.

BTC issued a sell signal at 24K on a #1 Double Bottom formation.

 

[Juristic Person]

That's terrifying. I have a bit in Celsius and I think I have to kiss those assets goodbye.

Not necessarily. But it will be locked up for a bit. Just wait it out and hope Celsius doesn't completely go under..

 

[Juristic Person]

OMG I don't wish that on anyone but this guy was balls deep plus. Instead of taking profits he went even deeper and leverages everything to the hilt. So much so that his company stock price mimics BTC nowadays. Been looking at it as a short opportunity myself. Less expensive than shorting BTC.

Just wanted to add.... For the record if I had bought in at 4k I would have taken most off the table around 40k. If it drops to 12k then I will see where the fed is at. If they reverse course then I might dip my toe in the BTC waters.
However there is a part of me that thinks the crash of everything is exactly what they want to bring in the newer improved system of control over all of us. Track every single transaction.

The next halving cycle is in 2024. We haven't seen the bottom of BTC during this cycle yet but I also expect to see new highs in the long run. I agree that BTC is eventually either going to $0 or $1,000,000....and $0 is not likely.

 

[Juristic Person]

Experts said BTC was going to $100k.

That is still true.

 

[Juristic Person]

Dollar = Fiat = Delusion
Bitcoin= Fiat = Delusion
You don't hold it, you don't own it.
And that includes wallets that establish ownership of Fiat on the block chain. But its still fiat.

BTC is not fiat.

 

[Lancers32]

The next halving cycle is in 2024. We haven't seen the bottom of BTC during this cycle yet but I also expect to see new highs in the long run. I agree that BTC is eventually either going to $0 or $1,000,000....and $0 is not likely.

Don't know about a million but once the carnage is over it is a good speculation.

 

[nickndfl]

 

[the_shootist]

Don't know about a million but once the carnage is over it is a good speculation.

I might dip my toe in but it needs to drop a lot more before I'd consider it

 

[Thecrensh]

I might dip my toe in but it needs to drop a lot more before I'd consider it

I put a couple thou in here and there over the last 2 years. Am down 66% from peak but it was play money so I went in with the understanding that I could lose it all. So far it has not disappointed.

 

[nickndfl]

BTC <$22k as I type.

 

[BeefJerky]

Eventually BTC will go to $100k, if for no other reason than because the dollar fell so much.

Sure it will...lol

 

[<SLV>]

I'm doubling down on Bitcoin at $18k.

 

[Juristic Person]

I'm doubling down on Bitcoin at $18k.

If it drops below $19.5k the next line of resistance is around $13k I believe...

 

[<SLV>]

If it drops below $19.5k the next line of resistance is around $13k I believe...

I am looking at it from a fundamentals perspective rather than technicals. Celsius liquidates around 18k.

The Great Celsius Implosion: What Went Wrong And How Much More Will Bitcoin Drop | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[anywoundedduck]

I'm doubling down on Bitcoin at $18k.

Risky, imo.

 

[Lancers32]

If it drops below $19.5k the next line of resistance is around $13k I believe...

 

[nickndfl]

It's going to $12k before it goes to $100k.

 

[Nomis Elpmis]

Need a hedge?

 

[Lancers32]

Seems like the vast majority are looking for 12-20K. Sentiment is overly bearish now and has been but downside momentum is really strong now. This chart is a bit dated doesn't include the 69K move. Textbook would be to have 20K hold old high new bottom thing catching most off.

 

[#48Fan]

I am in full accumulation mode. Just a touch each week.

 

[Juristic Person]

Eventually BTC will go to $100k, if for no other reason than because the dollar fell so much.

Seems like the vast majority are looking for 12-20K. Sentiment is overly bearish now and has been but downside momentum is really strong now. This chart is a bit dated doesn't include the 69K move. Textbook would be to have 20K hold old high new bottom thing catching most off.


View attachment 263790

So you're saying you wouldn't be surprised if we are at the new bottom? I think the results of this Fed meeting could throw a new variable into the fundamentals and we just might see a further drop in price. Just my guess. Either way I see this as a good buying opportunity because the long game is digital and blockchain technology has only just begun. New projects will emerge and this space is going to explode.

 

[Lancers32]

20800 might be a local bottom short term but I think we go lower. Up 2K now. No interest in any crypto vehicle right now if the markets collapse this will get hit very hard. Too soon to tell really.

 

[Mujahideen]

It’s going to go down or sideways until we reach peak inflation. The only question is 20k or 12k.

I’m buying the miners, just gotta pick one that will survive this and a few years from now it will be gravy.

 

[nickndfl]

FED is going for a strong $USD policy. Don't need crypto unless you are offshore.

 

[BeefJerky]

It’s going to go down or sideways until we reach peak inflation. The only question is 20k or 12k.

I’m buying the miners, just gotta pick one that will survive this and a few years from now it will be gravy.

Or $1200.....

 

[Mujahideen]

Or $1200.....

Too much government currency exists for that.

 

[#48Fan]

It’s going to go down or sideways until we reach peak inflation. The only question is 20k or 12k.

I’m buying the miners, just gotta pick one that will survive this and a few years from now it will be gravy.

Find one that is ESG compliant. Been hearing "they" are going to be clamping down on those who are not.

 

[Mujahideen]

CLSK

 

[EO 11110]

 

[<SLV>]

View attachment 263823

The "crash" is temporary. Only matters to traders.

 

[EO 11110]

The "crash" is temporary. Only matters to traders.

that's the way i feel about the non-gov cyrpto -- temporary. go long gov/central bank crypto

funny how things work......months ago, when gold is money website became crypto is money website.....that marked the exact top before the mega crash. all of us saw the transformation - no excuses for being a bagholder

 

[Ebie]

So you're saying you wouldn't be surprised if we are at the new bottom? I think the results of this Fed meeting could throw a new variable into the fundamentals and we just might see a further drop in price. Just my guess. Either way I see this as a good buying opportunity because the long game is digital and blockchain technology has only just begun. New projects will emerge and this space is going to explode.

The organizers of future world digital gov't currency will not be friends of bitcoin.

 

[Voodoo]

that's the way i feel about the non-gov cyrpto -- temporary. go long gov/central bank crypto

funny how things work......months ago, when gold is money website became crypto is money website.....that marked the exact top before the mega crash. all of us saw the transformation - no excuses for being a bagholder

Oh please. Crypto was discussed long before the top and in fact you are still talking about it today. Not exactly an indicator.

 

[Voodoo]

The organizers of future world digital gov't currency will not be friends of bitcoin.

That's why you look towards useful privacy coins and private purchases.

 

[nickndfl]

Eventually BTC will go to $100k, if for no other reason than because the dollar fell so much.

The $USD busted thru 105 this week meaning it's strengthening. The new FED policy is for a technically stronger dollar. The fundamentals may not support it, but they can prop up the dollar the same way they prop up the financial markets when they choose to.

 

[Jodster]

You all should go back and read page one of this thread fr May 11th.
I have zero crypto, therefore zero bias. But I DO remember learning about Bitcoin at $600 and my wife talking about it as nonsense. A fortune missed.
However one should remember the coins you are now chasing are the same ones I was chasing at $600. Think about that.
The only thing that has changed is the hype.
For what it’s worth, you all should be dumping what you got for Theta and Theta fuel.
It is the only crypto with intrinsic value (bandwidth) and it’s at firesale prices. Billion dollar companies will soon be backing it when BTC fails. The difference is intrinsic value. You’re all speculating on Picasso’s and NFT’s with any crypto; unless it’s a mule like Theta.
Theta equals bandwidth.

 

[Mujahideen]

BTC is almost like a government currency with 21 million as it’s hard limit. As long as people accept it, it’s going to trend upward against government currency in the long run.

If people get too carried away with it, the price will correct.

It utilizes the block chain, it’s open source, it’s pretty simple and that’s what gives it value. Currency doesn’t have to be complicated. People just want clear and fair rules.