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Buying the dip?

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  • jecornel
    jecornel Member Posts: 9,737
    edited December 2021

    jecornel said:

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

    This won't age well
    why?
  • greenblood
    greenblood Member Posts: 14,566
    edited December 2021

    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
    CuntWaffle Member Posts: 22,500
    jecornel said:

    jecornel said:

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

    This won't age well
    why?
    Hurdles involving layer 2
  • guatedawg
    guatedawg Member Posts: 28
    HHusky said:

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

    jecornel said:

    jecornel said:

    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
    LongDukDong Member Posts: 1,355
    edited December 2021
    You are correct. Metaverse and gaming next big things.

    RNDR
    SOUL
    RFOX
    UOS

    In that order
  • CuntWaffle
    CuntWaffle Member Posts: 22,500
    Yup already going in on the Metaverse
  • jecornel
    jecornel Member Posts: 9,737
    Hurdles will handled just fine. Marathon.

    jecornel said:

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

    This won't age well

    jecornel said:

    jecornel said:

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

    This won't age well
    why?
    Hurdles involving layer 2
  • El_K
    El_K Member, Swaye's Wigwam Posts: 1,524 Swaye's Wigwam
    I am going to get back in and buy this dip to help out the dollar cost averaging on ADA, DOT and SOL.
  • sonics1993
    sonics1993 Member Posts: 1,460

    jecornel said:

    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
    UWerentThereMan Member Posts: 3,475
    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!