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Consolidated Crypto Traders/Chat Thread

Discussion in 'Blockchain & Cryptocurrency Mining' started by Optimus., Dec 15, 2017.

  1. lxboston

    lxboston Member

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    Is it not just the bigger investors moving money back into post pandemic industries like airlines, hotels, etc?
     
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  2. OP
    OP
    Optimus.

    Optimus. Member

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    The price dips every year around this time.
     
  3. passwordistaco

    passwordistaco Member

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    I’ll be loading up!
     
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  4. dirkmirk

    dirkmirk Member

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    I'm thinking about the next cycle.

    Could AVAX, SOL, MATIC, LUNA drop 95%+ and then do a 100X like Cardano did?
     
  5. Growth

    Growth Member

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    I'll continue mining the same hashrate, not going to put any more money into it though. I think the world economy is looking a little shaky at the moment, also that Ukrainian/Russia build up could have consequences should it go in the wrong direction.
     
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  6. chainbolt

    chainbolt Member

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    I would wait. ;)

    That is what I think as well. After all, crypto is not "isolated" from its environment, e.g. the global economy and financial market.
     
    Last edited: Jan 22, 2022
  7. passwordistaco

    passwordistaco Member

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    Love to hear/read your thinking. I must say my success in ‘timing’ these swings has been absolute pure luck. And I’ve never made complete use of it too
     
  8. douver

    douver Member

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    This accelerated selling can't keep up for too long (I reckon it ends this weekend sometime). Yeah we probably haven't bottomed just yet, but it's a little late to be hitting the panic button surely. Especially if it's based on what is essentially an idea to short the stock market, after the stock market has already dipped.
     
  9. illdrift

    illdrift Member

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    I get the feeling that all the smart contract stablecoins (aka debts) are 1/2 of what contributed to the 2021 crypto surge (aside from the 2020 fed printing, and changing narratives around the value of a mindlessly printed $).

    Now we're starting to see what happens when all those on chain debts unravel. People who didn`t sell on the way up are getting liquidated on the way down at much worse prices, to clear out their debt positions. It`s what needs to happen to the share and housing markets, only thanks to the lack of regulation, we get to see it play out in crypto, where there is no government to prop up the market.

    If you were looking at this from a tokenomics perspective, the amount of dollars flowing into crypto during 2021 must have been significant (and possibly the peak, unless the fed wants to increase the floating money supply exponentially again, from what was an already absurd amount in 2021).

    It's certainly been a crazy crash course in economics, and patience.
     
    Last edited: Jan 23, 2022
  10. chainbolt

    chainbolt Member

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    I think we agree its impossible to achieve optimal timing. Hence, with long term investing in mind, averaging is the way to go. My comment though was specifically meant for the current BC price level - which is considerably lower now already, than a few weeks ago. I think the downward trend will still continue for a while. Hence, I would wait - unless you start averaging over a longer period of time.
     
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  11. douver

    douver Member

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    upload_2022-1-24_19-37-33.png

    It's looking ugly as, the only good thing at the moment is that we didn't go up as far as 2017 - so I doubt we go down as far. At least for BTC/ETH anyway. Some altcoins maybe did go up that 100x though...
     
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  12. chainbolt

    chainbolt Member

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    The good thing is that BC went up that much since 2017, that we still have (despite a 50% drop so far from 2021) a lot of downward potential. Very comforting, indeed! :D
     
  13. Alqemist

    Alqemist Member

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    Anyone running algos? Mean reversion popped off last week.
     
  14. Slug69

    Slug69 Member

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    I am buying and buying with my mined BTC all the coins I have earned with before.

    This is amazing.

    Stock market serious jitters too at the moment.

    All because of one dictatorial figure.
     
  15. dirkmirk

    dirkmirk Member

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    I'm fully bearish on crypto and expecting 90% drops for most altcoins from the peaks.

    I'm eyeing off Litecoin for next year's block halving can it go below $30USD gut feel says it might crash below $20.

    Biggest risk is that Litecoin is a proof of work coin just like bitcoin, the biggest threat is governments not liking them for the energy usage if they wanna spin that narrative.
     
  16. dr_deathy

    dr_deathy Member

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    Does doge coin still run off LTC mining?
     
  17. Slug69

    Slug69 Member

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    Recent 24 hour crypto changes look like Russian Stock market 24 hours:

    CFD3F780-6EDE-439E-A99F-B5C4393C52F5.jpeg
     
  18. chainbolt

    chainbolt Member

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    I don't think this is the main reason. The 2021 drop of 50% wasn't also not related to a political event.
     
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  19. Growth

    Growth Member

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    upload_2022-1-25_13-23-40.png

    Anyone here go the other route and invest in AMD or NVIDIA?
     
  20. chainbolt

    chainbolt Member

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