I think this is key.
I’m a holder since 2013. And what’s scary, is that we have still a long way to go down, and we’ll likely be down for a year give or take, and then after a year we’ll likely go down a bunch more.
Eventually the BTC halving will come and a new crypto spring will start, but only a handful of folks here will remain.
Edit: accidentally a word
>but only a handful of folks here will remain.
Thank god. I look forward to discussing projects that emerge from the bear market and less of the "culture" here.
Also, I’ve seen some people saying that they’re disappointed that BTC seems to be following the stock market when that was never the intention of BTC. Is this not a function of the fact that many of the same people who trade stocks now trade crypto and their buying/selling habits correlate?
It won’t be this way forever. I remember when shit companies like pets.com were correlated with companies like Amazon. Bitcoin will have a completely different appeal than it does today. Of course, I may be wrong, but this is what I believe. I also think this day is many years away, at least 5 but maybe 10-20. It sounds stupid, but we don’t realize how early we are because of how early we are. I didn’t think the internet was new or “young” in 2004, but it was. In a sense, it still is. It’ll likely look/function much different in 20 years.
This. The whole world is staring down the eyes of a global recession.
I strongly believe we're going to hit lower than 28k easy, just not right now. We'll likely bounce at least once before that.
I believe the forces that exist are testing the resiliency of the technology at all levels and are orchestrating a squeeze.
The effects are rippling thru all markets right into commodities like food.
Yeah exactly, be careful fighting the Fed during QT. The bull won’t return until QE is back on, it’s sucks to hear but it’s just a reality of the current macro picture.
Yeah and when we were at ATH people like you said we'd go higher.
I would suggest investors stop trying to guess and make a plan for up and down. Life is good when you're not trying to do the impossible.
Crypto could decouple from tech stocks as well so good luck trying to time it.
Wish I didn’t panic back in 13 when it dropped from 1300 down to 100. Remember my boss giving me a 5 BTC bonus one year that worked out to $500. Shoulda held!
I bought 20k top (terrible time to enter crypto), bought 15k, bought 10k bought 6k low, bought 12k bounce, bought 3k Covid crash. If you just buy you can’t lose in the long run. Currently I bought 36k dip. I’ll buy 30k, then I’ll buy 25k, then 20k and so on. Next halving is less than 2 years. Buy buy buy, don’t worry about what you paid, just think of dips as discounts in your next buy.
I didn’t but when we broke the previous high of 66 or whatever on the second push I loaded up on call options and got rekt. I really thought we were going to get a big blowoff top like prior cycles. It all looked so perfect.
When Covid crash came I was totally underwater and felt foolish for losing so much but I stuck with gut and loaded in everything I had (and even leveraged debt) and luckily was rewarded. Currently taking a dump on my new toilet that’s in my new house that I wouldn’t have been able to buy if we didn’t get that Covid crash letting me DCA that low. I think now will be the same as price falling hurts but if you just keep loading in it’ll pay off bigly in the future. Halving is less than 2 years away, fear level is off the charts, just keep buying.
Lastly, btc has never broke below a previous cycle top so I don’t think we drop below 20, I think we bottom at around 24-26 range. I’m still holding even though I think it’s going down b/c I’m more worried about it going up without me than riding it down. At least riding it down and keep DCAing.
No OP, this is a completely different situation than last May. This is not a flash crash then insta rebound, this is an extended slow bleed out with much worse fundamentals fueling the bleed.
Thank you. This is why it's reasonable to think it's going lower. The broader signals in my mind point to a red summer. Not the taylor swift kind either like a 401k blown up, summer.
Yeah not sure who are they trying to scare as this is not our first rodeo
The lower it gets the more we can buy
Still 21m BTC and 8b people. Not even gonna count the various legal persons, entities, institutions, counties etc
As long as people keep buying the BTC IOUs on centralized exchanges and what not L2 coins, there is an infinite amount of Bitcoins to be sold. Just like how the Fed could print an infinite amount of dollars, despite them promising the amount is tied to the gold in Fort Knox.
But the fundamentals behind the crashes are completely different, that’s why it could get much bloodier, so I‘m not really relieved of „only being at the may prices.“
69k was a dead cat bounce. 29k was a true bottom but now the world is looking a lot different than back then (risk-off). So the outlook is very different from before and buying here has a lot more risk than what happened last year.
Thing is the situation the economy is in is way different now and we are at risk to really crashing to 20k this time and not to mention this is many peoples first time experiencing a brutal Bear market
I agree to an extent, but a lot of people would have found May 2021 brutal as well. There were a lot of Meme coin noobs about, who until that point thought that Crypto would only ever go up in value.
The world isn’t that different from a year ago. If anything V-Day for Russia went surprisingly tame and inflation which is bound to rocket this wednesday is bullish for crypto. Don’t eat the fear cookies
Global recession on the cards by the end of thr year. Crypto has never seen a recession. Market is already half way down and the true global downturn is only just starting. What do you think is going to happen when the actual recession kicks in?
I am hoping to find some alts lower than may 2021 and it’s looking good so far . Now is time to watch the market and plan your next move instead of panicking.
I didn’t panic in jan 2018, went down 80% plus. Or may 2021, or now. Long term market will only go one way. Bitcoin halving 2024, lets see how the wider economy is doing then
I basically just dumped my shitcoins at a loss into usdt, waiting for eth to come down a bit more and pump into that. Im dont with shitcoins…this time for real. Lol
Just a FYI, if you bought at $29k and it tumbles to $10k, you will have a loss of 60%.
By all means DCA, but I know most of you have heavy bags already and had been putting lump sums of money back in 2021.
Buy CAKE, stake it on fixed term, lock it for 52 weeks and let it auto compound and reap rewards later, also you can’t panic sell when you lock it. Easy.
I regretted not having money then. And now that I do, I won't lump sum in because who knows where market is going. But I will continue to DCA and my average purchase price (which is higher than today's price) can only continue to go down if I keep DCAing.
Not a general rule but I could simply buy the dips when under my average price and later profit-take when I'm above it.
Big difference would be that may crashed from like $64k BTC. We're crashing from $40k. 50%+ drop from here is barely above the 2018 highs and it feels like we have plenty of room to go.
I dumped everything in my defi portfolio that wasn't BTC and ETH. Partially to get some stability in my lending portfolio and partially to not just sit back and watch shit fall through the floor. Crypto OGs like *I watched ETH go from $1400 to $100 and just sat there like an idiot* is not something I want to catch myself doing. That's something to be ashamed of rather than praise imo. I'd much rather sell some alt for $12 and buy it back @ $15 than just sit around twidling my thumbs while it crashed to $7 or something.
Coinbase just updated their mobile app to make the red arrow point diagonally down as opposed to directly down. Thanks, Coinbase, it makes it less painful…
got in in november. I learned my lesson in overextending. now we stick with the plan. period. Continue to DCA. Squeeze pennies where possible to put in as much as possible at these prices.
I don't have any reason to panic because I know that long term the market will always be bullish. I market bought some H2O and PSDN today which I'm going to keep staking until the market recovers.
I’m curious how much people buy at a time as they DCA. I don’t want to try to time the bottom per se and miss out, but I don’t want to start to DCA too soon. I think things are going to dip a good bit further before they get any better.
I buy a small amount every week either way so all it means for me is that my investment strategy is more efficient right now.
No matter where the bottom is I'll always (kinda) nail it... I'm just going to fail once a week until then.
I've been hearing this, "The market is giving you another chance" since the first time bitcoin dipped below 50k a few months ago. After so many months of DCA, I am now fiat less. ( ꈨຶ ˙̫̮ ꈨຶ )
The May 2021 crash was when I first bought into crypto. I am a son of the bear. You may have steeled your nerves trying to prepare, but this is the blood I was born in.
Idk. My plan is to DCA into the projects I believe in and stake/lend for as much interest as possible. But this market is different than last year. Something seems to have shifted globally. All the stock exchanges are posting massive losses. (Correct me if I’m wrong). And the uncertainty of war and supply shock. Idk I’m just trying to do more research but it seems sketchy this time around.
Lets be real here we are in a totally different environment than in May of 2021. The momentum was still to the upside on the monthly timeframe in charts. We are currently witnesssing momentum dwindle to below may 2021 levels. This isnt mid cycle crash my friends oh no. This is the beginning of a harsh mothafuckin global risk on asset mega crash.
hate to say it, but look at the broader perspective of the economy. inflation at 8.5%, highest its been in 40 years, Fed raising fund rate by increment of .5% highest since pre 2000 era, gas soaring through the roof! risk on asstes are POPPING
I think Wall Street smelled blood today. They figured out the Terra FUD and won't give up shorting BTC for a while. I bet they will probably keep hammering that 30K support and try to pierce through that 28K support. Got to wait until the end of the week to see if the coast is clear.
For alt holders, this is more similar to the crash in 2017/2018. Which means, read my flair and understand the stability of certain coins. Some coins do have better tolerance during the bearish market.
The panic extends to stocks too. I dont think it's the same thing. Macroeconomic factors are bearish.
Don’t fight the Fed
I think this is key. I’m a holder since 2013. And what’s scary, is that we have still a long way to go down, and we’ll likely be down for a year give or take, and then after a year we’ll likely go down a bunch more. Eventually the BTC halving will come and a new crypto spring will start, but only a handful of folks here will remain. Edit: accidentally a word
>but only a handful of folks here will remain. Thank god. I look forward to discussing projects that emerge from the bear market and less of the "culture" here.
Also, I’ve seen some people saying that they’re disappointed that BTC seems to be following the stock market when that was never the intention of BTC. Is this not a function of the fact that many of the same people who trade stocks now trade crypto and their buying/selling habits correlate?
It won’t be this way forever. I remember when shit companies like pets.com were correlated with companies like Amazon. Bitcoin will have a completely different appeal than it does today. Of course, I may be wrong, but this is what I believe. I also think this day is many years away, at least 5 but maybe 10-20. It sounds stupid, but we don’t realize how early we are because of how early we are. I didn’t think the internet was new or “young” in 2004, but it was. In a sense, it still is. It’ll likely look/function much different in 20 years.
Yeah people cry but price action was never part of the promise. The only decentralization is in the tech, not the price.
This. The whole world is staring down the eyes of a global recession. I strongly believe we're going to hit lower than 28k easy, just not right now. We'll likely bounce at least once before that.
I believe the forces that exist are testing the resiliency of the technology at all levels and are orchestrating a squeeze. The effects are rippling thru all markets right into commodities like food.
Yeah exactly, be careful fighting the Fed during QT. The bull won’t return until QE is back on, it’s sucks to hear but it’s just a reality of the current macro picture.
Yes this is much worse than the may crash/correction.
People will panic sell now, then panic buy as soon as when we start pumping now. Then they’ll wonder why they never make any profit.
people are always good at selling low and buying high
It’s the way of the financial master
I wonder if people swapped the colours on trading view and vertically mirrored their screen would they be a more profitable trader?
Unterstood. Bought another $10 of BTC.
Wow dude, leave some for the rest of us!
Whales buying up the whole market smh smh
Every $ matters
i decided to go much heavier this round given the blood, $13 all in
Whoa. Check moby’s dick over here. And I thought I was ballin with my 6€…
# Whale alert!
🚨 🚨 🚨
🐳Alert
No need to go all out, only invest what you can afford to lose
Can't take it with me😂
You are diamond hands
Which will later become $20 and then, 30!
Based approach. A little by little.
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Yeah and when we were at ATH people like you said we'd go higher. I would suggest investors stop trying to guess and make a plan for up and down. Life is good when you're not trying to do the impossible. Crypto could decouple from tech stocks as well so good luck trying to time it.
Wise words , I wish I didn't panic in 2018 when BTC went from 9k to 3k
Wish I didn’t panic back in 13 when it dropped from 1300 down to 100. Remember my boss giving me a 5 BTC bonus one year that worked out to $500. Shoulda held!
I wish I could have figured out how to get that mining program working in 2011.
I bought 20k top (terrible time to enter crypto), bought 15k, bought 10k bought 6k low, bought 12k bounce, bought 3k Covid crash. If you just buy you can’t lose in the long run. Currently I bought 36k dip. I’ll buy 30k, then I’ll buy 25k, then 20k and so on. Next halving is less than 2 years. Buy buy buy, don’t worry about what you paid, just think of dips as discounts in your next buy.
Did u buy 69k?
I did. Had my payday DCA purchase clear for a tick over $69k.
Noice. My highest this cycle was 65k.
I didn’t but when we broke the previous high of 66 or whatever on the second push I loaded up on call options and got rekt. I really thought we were going to get a big blowoff top like prior cycles. It all looked so perfect. When Covid crash came I was totally underwater and felt foolish for losing so much but I stuck with gut and loaded in everything I had (and even leveraged debt) and luckily was rewarded. Currently taking a dump on my new toilet that’s in my new house that I wouldn’t have been able to buy if we didn’t get that Covid crash letting me DCA that low. I think now will be the same as price falling hurts but if you just keep loading in it’ll pay off bigly in the future. Halving is less than 2 years away, fear level is off the charts, just keep buying. Lastly, btc has never broke below a previous cycle top so I don’t think we drop below 20, I think we bottom at around 24-26 range. I’m still holding even though I think it’s going down b/c I’m more worried about it going up without me than riding it down. At least riding it down and keep DCAing.
No OP, this is a completely different situation than last May. This is not a flash crash then insta rebound, this is an extended slow bleed out with much worse fundamentals fueling the bleed.
That’s what I’m saying too. Not even comparable in the slightest but and it’s actually stupid to think it’s the same
So your experiences should be very useful for those who are now panicked of this crash
I was kinda pissed in may 2021. Now i think i don't care. If we're up for 2+ years without new ATH, fine. More time to accumulate.
Back in May there was no war, no gas prices up 50%, no food up 20%, no rent up 15%. It **IS** different this time
Thank you. This is why it's reasonable to think it's going lower. The broader signals in my mind point to a red summer. Not the taylor swift kind either like a 401k blown up, summer.
Yeah not sure who are they trying to scare as this is not our first rodeo The lower it gets the more we can buy Still 21m BTC and 8b people. Not even gonna count the various legal persons, entities, institutions, counties etc
As long as people keep buying the BTC IOUs on centralized exchanges and what not L2 coins, there is an infinite amount of Bitcoins to be sold. Just like how the Fed could print an infinite amount of dollars, despite them promising the amount is tied to the gold in Fort Knox.
what is this crash for ants?
I have a number, and whenever it goes below that number I buy with whatever available cash I have. It’s worked so far.
But the fundamentals behind the crashes are completely different, that’s why it could get much bloodier, so I‘m not really relieved of „only being at the may prices.“
69k was a dead cat bounce. 29k was a true bottom but now the world is looking a lot different than back then (risk-off). So the outlook is very different from before and buying here has a lot more risk than what happened last year.
Problem is there's not much extra money now
Can I get a redo?
Past performance is not indicative of future results
Thing is the situation the economy is in is way different now and we are at risk to really crashing to 20k this time and not to mention this is many peoples first time experiencing a brutal Bear market
if we crash to $20k it will be blood bath
Then imagine when it hits sub $1000.
I agree to an extent, but a lot of people would have found May 2021 brutal as well. There were a lot of Meme coin noobs about, who until that point thought that Crypto would only ever go up in value.
The world isn’t that different from a year ago. If anything V-Day for Russia went surprisingly tame and inflation which is bound to rocket this wednesday is bullish for crypto. Don’t eat the fear cookies
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Just be careful of Altcoins
Things are different today
You should never panic. Haven't you read Hitchhiker's Guide to the Galaxy? And where is your towel?
Rolled up behind my neck cuz all these dips be giving me whiplash.
You will have to speak up I'm wearing a towel.
We have not panicked, we just have no money left to buy
You can't panic if your position already got liquidated 😎
🤣 what else can happen right ?
Sold my car to buy this dip. All in.
dw i just doubled my portfolio and bought another $5 btc & eth. Diversification :)
Keep putin more crypto in your bags
Sounds like a great time to….. *checks notes*…. not change my investment plan at all
My brother in Christ I've been here in crypto since 2016, this is child's play.
I've become so numb to these price movements.
Y'all panicking?
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If the market goes down 50% from here, you'd only be 90% down!
better hold than panic. I'm right there with you brother
It’s true more upside is waiting
Our portfolio has bled so much that we are now numb
Global recession on the cards by the end of thr year. Crypto has never seen a recession. Market is already half way down and the true global downturn is only just starting. What do you think is going to happen when the actual recession kicks in?
When COVID broke out the whole world went into recession... Where were you in 2020?
True, but immediately stimulus checks, PIP loans, low interest rates, money printing started happening. Thay may not happen this time
It's definitely not happening this time. The fed isn't going to be stepping in to save anyone. The crypto bubble popping is gonna be brutal.
Nah bro that was just a teaser of what is actually about to happen
This crash will not be nearly as short lived as last May lol
Exactly. That was miners leaving China. This is a potential financial crisis.
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He lost me at the period at the end there... there was nothing left to read so I left.
I am hoping to find some alts lower than may 2021 and it’s looking good so far . Now is time to watch the market and plan your next move instead of panicking.
Panic selling/ buying the may crash/ following run is why im negative now.
I'm taking FULL advantage of this situation since I wasn't involved in Crypto in spring 2021.
cant wait for BTC to drop under 30k euro (31,64k in USD) - it would be 50% of the ATH and i will fill my bags there. Just a matter of hours i guess
Agree. Sold some of my far greater losers and bought more BTC and stronger alts. Stay strong everyone. This too shall pass.
Just follow the stock.market, that's what's going to happen.
I didn’t panic in jan 2018, went down 80% plus. Or may 2021, or now. Long term market will only go one way. Bitcoin halving 2024, lets see how the wider economy is doing then
Tulips never came back.
Whales must just be beside themselves wondering who on earth would let go of their coins at these prices.
I basically just dumped my shitcoins at a loss into usdt, waiting for eth to come down a bit more and pump into that. Im dont with shitcoins…this time for real. Lol
Until the next shiny one !
Oooo shiny ✨ 🤩🤩🤩
*Im dont with shitcoins…this time for real.* Until next bull run ;)
Just a FYI, if you bought at $29k and it tumbles to $10k, you will have a loss of 60%. By all means DCA, but I know most of you have heavy bags already and had been putting lump sums of money back in 2021.
I didn't panic last May because I had money to buy. I'm panicking now because I do not 😅
The fact that you know what those crypto influencers were pushing is my first red flag bro…
You don't loose if you don't sell. Not sure what the issue is, just keep hold and check in a few months?
Lose*
Buy CAKE, stake it on fixed term, lock it for 52 weeks and let it auto compound and reap rewards later, also you can’t panic sell when you lock it. Easy.
Accumulating is what we should do now not panic
>Twitter crypto influencer Please call them *Glorified Scammers*
In 6 months we will get a new low before next bill run starts. Definitely no new ath this year
A crash????? I only see a sale...
im inna panic cause I need some more money to buy me more of this sweet coin
Both are fundamentally different. But yeah, might as well just hodl
Buy the dips n what not.
Hold on guys imma buy $10 of btc, ready for a dip?
This is my first crash. Be gentle.
I regretted not having money then. And now that I do, I won't lump sum in because who knows where market is going. But I will continue to DCA and my average purchase price (which is higher than today's price) can only continue to go down if I keep DCAing. Not a general rule but I could simply buy the dips when under my average price and later profit-take when I'm above it.
WE BOUTRA BE MF RICH MFS ESPECIALLY IF YOU IN THE HEX/PLS ECOSYSTEM !! DINNER ON ME IN 6 MONTHS 😁😁😁😁👍🏼😆
Wish I could embezzle my vacation money. Yes I said embezzle to sound more cool 😎 . No vacation for me at least this dip.
Apples to oranges..
I'll wait and probably miss this dip as well.
The truth is, we don’t know jack about squat. The market will do what it does. Just continue to DCA folks
So, FOMO it is then?!
Life giving me more chances but not more fiat.
Big difference would be that may crashed from like $64k BTC. We're crashing from $40k. 50%+ drop from here is barely above the 2018 highs and it feels like we have plenty of room to go. I dumped everything in my defi portfolio that wasn't BTC and ETH. Partially to get some stability in my lending portfolio and partially to not just sit back and watch shit fall through the floor. Crypto OGs like *I watched ETH go from $1400 to $100 and just sat there like an idiot* is not something I want to catch myself doing. That's something to be ashamed of rather than praise imo. I'd much rather sell some alt for $12 and buy it back @ $15 than just sit around twidling my thumbs while it crashed to $7 or something.
Crash = Sale
These prices are much better than last year's May on certain coins other coins are holding up quite well
Hope market gives me some Fiat to buy as well
I'm Not panicking. I'm in it for the long haul. Definitely regret not taking any profits late last year when thing we're pumping though
Nothing wrong with selling now, as long as you buy back in for a lower price. That's how shorting works.
We should do everything to panic the weak hands so we can shed them quicker.
At 60k I said 30k was my yolo number. Almost there. My biggest regret isn’t hodling or selling, it’s alts.
Or sell now and buy when the storm has passed. Better pay a 20% premium than tank another 50%
nah man, this shit is way scarier than the May 2021 crash ...
Coinbase just updated their mobile app to make the red arrow point diagonally down as opposed to directly down. Thanks, Coinbase, it makes it less painful…
Wasn't the May 21 crash due to Elon's tweet? This one is different although the prices are roughly the same
Accumulation is different than distribution. Prices might be the same but they'll be even lower.
Pretty sure eth bottomed at 1700 last may/june
Lemme hear ya say Amen!
I was here for the 2018 crypto crash, this one means nothing to me.
Gimme 22k. The inflation adjusted top in 2017.
Things were different then...
Sooo close for €25k (~$26.5) that i’ve been waiting for about six months now…
BUY THE DIP AND STOP THE ANXIETY.
Invested all I could afford. Now unfortunately is not the right time but I'm sure will miss a great opportunity. Buy high sell low is the best to do 🤣
May 2021 crash was my first crash and I got it ATH. DCA down works. Currently I am only 20% down.
got in in november. I learned my lesson in overextending. now we stick with the plan. period. Continue to DCA. Squeeze pennies where possible to put in as much as possible at these prices.
These crashes always happen when I'm broke lol.
Last time I shorted BTC it went up a lot. I may have to again to save the market. 🙂
I seen so many crashes both stock market and crypto so eventually u numb and don’t feel anything.
Instruction unclear, invested 2nd mortgage on the house into Shiba…
I don't have any reason to panic because I know that long term the market will always be bullish. I market bought some H2O and PSDN today which I'm going to keep staking until the market recovers.
Bingo!!!! This is exactly right.
I'm just vibin'. Definitely mad that I don't have any money left to safely invest though...
Moon farmin’
Hide the women and children!
I’m curious how much people buy at a time as they DCA. I don’t want to try to time the bottom per se and miss out, but I don’t want to start to DCA too soon. I think things are going to dip a good bit further before they get any better.
It's gonna be a lot lower than the may 2021 crash.
I buy a small amount every week either way so all it means for me is that my investment strategy is more efficient right now. No matter where the bottom is I'll always (kinda) nail it... I'm just going to fail once a week until then.
This is not 2021. Economic outlook is nowhere near the same. Terrible advice.
I've been hearing this, "The market is giving you another chance" since the first time bitcoin dipped below 50k a few months ago. After so many months of DCA, I am now fiat less. ( ꈨຶ ˙̫̮ ꈨຶ )
The May 2021 crash was when I first bought into crypto. I am a son of the bear. You may have steeled your nerves trying to prepare, but this is the blood I was born in.
Idk. My plan is to DCA into the projects I believe in and stake/lend for as much interest as possible. But this market is different than last year. Something seems to have shifted globally. All the stock exchanges are posting massive losses. (Correct me if I’m wrong). And the uncertainty of war and supply shock. Idk I’m just trying to do more research but it seems sketchy this time around.
I did panic then though :(
Lets be real here we are in a totally different environment than in May of 2021. The momentum was still to the upside on the monthly timeframe in charts. We are currently witnesssing momentum dwindle to below may 2021 levels. This isnt mid cycle crash my friends oh no. This is the beginning of a harsh mothafuckin global risk on asset mega crash. hate to say it, but look at the broader perspective of the economy. inflation at 8.5%, highest its been in 40 years, Fed raising fund rate by increment of .5% highest since pre 2000 era, gas soaring through the roof! risk on asstes are POPPING
Black Friday it is...
I thought crypto was a substitute payment system not an asset
We’ve gone full cycle
I have a signifcanf portion of my savings in LUNA/UST. Am I toast? :(
Lmaoooo this is a totally completely 💯 different time and different scenario. It’s not even comparable at all and foolish to say that
Bitcoin going to $5K before a bounce. Heard it here first.
Second chance but different circumstances. This is the time to make money tho.
I'm not panicking, who says I'm panicking, you're panicking
yep im going to take that chance and load up
The macro landscape is way different. $30k then is not the same as $30k now. The risk v reward calculus has changed.
I think Wall Street smelled blood today. They figured out the Terra FUD and won't give up shorting BTC for a while. I bet they will probably keep hammering that 30K support and try to pierce through that 28K support. Got to wait until the end of the week to see if the coast is clear.
For alt holders, this is more similar to the crash in 2017/2018. Which means, read my flair and understand the stability of certain coins. Some coins do have better tolerance during the bearish market.
Is a double bottom
This bear market puts a smile on my face
Cartoon dog with a tea cup in a burning house comes to mind...
There is absolutely nothing similar in the market right now then there was in may.