Buying the dip?

LongDukDong

sonics1993 said:

LongDukDong said:

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?

greenblood

LongDukDong said:

sonics1993 said:

LongDukDong said:

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

jecornel

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

LongDukDong

jecornel said:

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

Agree with you here. Hope everybody got some Eth.

sonics1993

DerekJohnson said:

I'm shocked by how much it has dropped but a couple hours ago I bought $200 more. I'm planning on holding onto it for many years, come what may.

Honestly, that was nothing. That's a typical dump to me.

sonics1993

jecornel said:

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

This won't age well

sonics1993

LongDukDong said:

jecornel said:

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

Agree with you here. Hope everybody got some Eth.

Boy is that some hopium

LongDukDong

sonics1993 said:

LongDukDong said:

jecornel said:

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

Agree with you here. Hope everybody got some Eth.

Boy is that some hopium

Then what is your play(s) if you don’t like eth? What are you bullish on?

DerekJohnson

sonics1993 said:

DerekJohnson said:

I'm shocked by how much it has dropped but a couple hours ago I bought $200 more. I'm planning on holding onto it for many years, come what may.

Honestly, that was nothing. That's a typical dump to me.

Well you've got to remember that I was orange-pilled in September. It feels like a year ago but it was only three months. While I have read a lot and watched many videos, it's still new to me. But I believe in it not just for its profit potential but also as a store of value and a hedge against inflation.

BleachedAnusDawg

greenblood said:

LongDukDong said:

sonics1993 said:

LongDukDong said:

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.