Buying the dip?

[BleachedAnusDawg]

There is no way Bitcoin is going to 49k anytime soon. Maybe in 3 months minimum. You really think we hit 49k soon? I find it very hard to believe

Took less than three weeks

You were right. I still can’t believe it. I just can’t fathom wtf is going on right now in finance. Like an obscure heavyweight battle behind the scenes. Inflationary fiat, highest national debt ever, crypto becoming popular, hedge fund managers that don’t want to get left behind, government regulations and fear of decentralized crypto.

Sonics, have we entered a bear market? What’s going to happen next?

Winter is usually rough in the crypto market

Blaming the drop on seasonality is not really a way to forecast. It dropped because big investors are panicked about the overall health of the market/economy and took profits after seeing the shit jobs report, new COVID variant (which is way overblown, but still), and stocks diving this past week.

 

[jecornel]

Eth is a bargain at 4K. It will go up 15 times.

This won't age well

why?

 

[greenblood]

There is no way Bitcoin is going to 49k anytime soon. Maybe in 3 months minimum. You really think we hit 49k soon? I find it very hard to believe

Took less than three weeks

You were right. I still can’t believe it. I just can’t fathom wtf is going on right now in finance. Like an obscure heavyweight battle behind the scenes. Inflationary fiat, highest national debt ever, crypto becoming popular, hedge fund managers that don’t want to get left behind, government regulations and fear of decentralized crypto.

Sonics, have we entered a bear market? What’s going to happen next?

Winter is usually rough in the crypto market

Blaming the drop on seasonality is not really a way to forecast. It dropped because big investors are panicked about the overall health of the market/economy and took profits after seeing the shit jobs report, new COVID variant (which is way overblown, but still), and stocks diving this past week.

But panicked money typically comes back. If you’re holding for the next few months I get your worry. I’m holding and buying for years. I don’t really care

 

[CuntWaffle]

Eth is a bargain at 4K. It will go up 15 times.

This won't age well

why?

Hurdles involving layer 2

 

[guatedawg]

Not buying crypto, but I bought on Friday and again today. Not anti-crypto; just don’t understand it.

Eth is a bargain at 4K. It will go up 15 times.

This won't age well

why?

I love eth. It is my store of value in crypto. I use it to buy everything. Its mc is 500b. To go 15x it would have to have mc of 7.5tr. That is not going to happen. The flippening will occur, maybe as early as next year, but im not expecting 10x from btc,eth or sol. Got to get in the weeds for the 20x.
I think gaming and music metaverses are going to explode. I got in this past summer in Axie and Sandbox and they went 10x. Got out of both (a bit early) and looking for other 10x's now.
I bought the eth dip at 4k and now its up 7%. At times this seems too easy.

 

[LongDukDong]

You are correct. Metaverse and gaming next big things.

RNDR
SOUL
RFOX
UOS

In that order

 

[CuntWaffle]

Yup already going in on the Metaverse

 

[jecornel]

Hurdles will handled just fine. Marathon.

Eth is a bargain at 4K. It will go up 15 times.

This won't age well

Eth is a bargain at 4K. It will go up 15 times.

This won't age well

why?

Hurdles involving layer 2

 

[El_K]

I am going to get back in and buy this dip to help out the dollar cost averaging on ADA, DOT and SOL.

 

[sonics1993]

Eth is a bargain at 4K. It will go up 15 times.

This won't age well

Like I said, this won't age well

 

[UWerentThereMan]

This thread should be pinned. It’s gonna be a crypto winter for the next 2-3 years.
Think creep mentioned 8 months back or so of the bloodbath in the markets when interest rates hikes were being predicted. Here we be!

 

[DerekJohnson]

The dip isn't over. My guess is 57k>63k>49k. But take advantage of the dip because most coins will go 200-300%

This all before the crash in Q1 2022? How low do you think that crash will go?

Few months. I beleive we will see 24-35k BTC in 2022

bump

 

[sonics1993]

There is no way Bitcoin is going to 49k anytime soon. Maybe in 3 months minimum. You really think we hit 49k soon? I find it very hard to believe

Maybe. I'm prepared for it because of the leverage being out of control. How BTC reacts to 56k will be the key factor.

I agree with you on the over leveraging. The whales know when morons take out leverage on bitty and they get fucking rekt each time. It’s happened a lot in the last six months and people still take out leverage only to get rekt again. Rinse and repeat again.

I personally believe in the stock to flow model View attachment 45218

We’re on our way back up to new highs very soon. 98k in November and 135k December. 10 years of data and it’s been extremely accurate to date.

I don't think we see 100k until Q4 of 2022

This one won't age well. Market playing to slowly

 

[UWerentThereMan]

The dip isn't over. My guess is 57k>63k>49k. But take advantage of the dip because most coins will go 200-300%

This all before the crash in Q1 2022? How low do you think that crash will go?

Few months. I beleive we will see 24-35k BTC in 2022

bump

MicroStrategy had a ~$200 million margin call at $21k Bitcorn. Popcorn.gif

 

[CuntWaffle]

The dip isn't over. My guess is 57k>63k>49k. But take advantage of the dip because most coins will go 200-300%

This all before the crash in Q1 2022? How low do you think that crash will go?

Few months. I beleive we will see 24-35k BTC in 2022

bump

MicroStrategy had a ~$200 million margin call at $21k Bitcorn. Popcorn.gif