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Buying the dip?

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  • LongDukDong
    LongDukDong Member Posts: 1,305
    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?
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  • greenblood
    greenblood Member Posts: 14,559
    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
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  • jecornel
    jecornel Member Posts: 9,737
    Eth is a bargain at 4K. It will go up 15 times.
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  • LongDukDong
    LongDukDong Member Posts: 1,305
    jecornel said:

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

    Agree with you here. Hope everybody got some Eth.
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  • sonics1993
    sonics1993 Member Posts: 1,460
    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.
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  • 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
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  • sonics1993
    sonics1993 Member Posts: 1,460
    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
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  • LongDukDong
    LongDukDong Member Posts: 1,305
    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?
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  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 68,325 Founders Club
    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.
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  • BleachedAnusDawg
    BleachedAnusDawg Member Posts: 13,178 Standard Supporter
    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.
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  • jecornel
    jecornel Member Posts: 9,737
    edited December 2021
    sonics1993 said:

    jecornel said:

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

    This won't age well
    why?
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  • greenblood
    greenblood Member Posts: 14,559
    edited December 2021
    BleachedAnusDawg said:

    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.
    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
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  • CuntWaffle
    CuntWaffle Member Posts: 22,499
    jecornel said:

    sonics1993 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
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  • 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:

    sonics1993 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.
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  • LongDukDong
    LongDukDong Member Posts: 1,305
    edited December 2021
    You are correct. Metaverse and gaming next big things.

    RNDR
    SOUL
    RFOX
    UOS

    In that order
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  • CuntWaffle
    CuntWaffle Member Posts: 22,499
    Yup already going in on the Metaverse
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  • jecornel
    jecornel Member Posts: 9,737
    Hurdles will handled just fine. Marathon.
    sonics1993 said:

    jecornel said:

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

    This won't age well
    CuntWaffle said:

    jecornel said:

    sonics1993 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
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  • El_K
    El_K Member, Swaye's Wigwam Posts: 1,488 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.
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  • sonics1993
    sonics1993 Member Posts: 1,460
    sonics1993 said:

    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
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  • 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!
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  • DerekJohnson
    DerekJohnson Administrator, Swaye's Wigwam Posts: 68,325 Founders Club
    sonics1993 said:

    CuntWaffle said:

    sonics1993 said:

    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
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  • sonics1993
    sonics1993 Member Posts: 1,460
    edited May 2022
    sonics1993 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

    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

    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
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  • UWerentThereMan
    UWerentThereMan Member Posts: 3,475
    DerekJohnson said:

    sonics1993 said:

    CuntWaffle said:

    sonics1993 said:

    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
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  • CuntWaffle
    CuntWaffle Member Posts: 22,499
    UWerentThereMan said:

    DerekJohnson said:

    sonics1993 said:

    CuntWaffle said:

    sonics1993 said:

    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

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