The Under 20K party!

Discussion in 'Crypto Assets' started by Pekelo, Jun 18, 2022.

  1. Pekelo

    Pekelo

    I mean under 19K now.... ETH is under 1K. BTC is also below its 2017 ATH, a level fans thought to be unbreachable.

    In a week BTC went from 29K to 19K. That is a cool 33% drop. The world suddenly makes more sense...

    Crypto billionaires genius status has been revoked...

     
    traderlux, dealmaker and wastelands like this.
  2. Trader Curt

    Trader Curt

    CME futures gap was at 18K. I didn't believe it would fill, but now I am 100% certain that all CME futures gaps fill, and right now we have a few gaps, some in the 30k range. Bitcoin will recover.

    Don't ever bet against Bitcoin or you will fail. Don't ever let fear take your Bitcoin
     
    johnarb likes this.
  3. You could have bet against bitcoin and made good money. So thats not true.
     
    KCalhoun likes this.
  4. Trader Curt

    Trader Curt

    I already did thank you.

    I have also bought more at lower prices and will continue to buy more. These prices are a blessing
     
    johnarb likes this.
  5. mikeriley

    mikeriley

    johnarb and Trader Curt like this.
  6. I may just have to double-down (yet again) on Microstrategy next month depending on the risk vs reward ratio.

    If market doesn't recover, it may be just best to just buy up Ethereum spot ETFs. Possibly a little more BTC exchange traded funds, but in all honestly, I'm not a fan of BTC which is a one-trick-pony.

    DeFi basically needs ethereum, that's not going to go away any time soon. But we can all exist without BTC. There is really no necessity with BTC unless maybe you live in Zimbabwe and even that is debatable.
     
  7. Aisone

    Aisone

    This kind of volatility is toxic if not lethal for the masses. It isn't the end of crypto, but it's the end of successful crypto mass marketing strategies and mass adoption efforts.
     
    tifoji and Onra like this.
  8. bitcoin is bs. ethereum is the real deal
     
  9. I've always rolled my eyes....at parties, people, crowds, events,
    As far back as kindergarten...I would roll my eyes when I first saw the school filled with other kids, Birthday parties, New Years' Eve parties, Super Bowl events, July 4'th crowds, Holidays, Disneyland theme parks, Sale events, store events, dot com market, everyone buying homes, everyone buying and using annoying smartphones, social media, rallies/marches/political events,
    ...and now this crypto busts.

    The masses, in general, are dumb...and emotional, and naive and ignorant and easily excitable, impressionable. I love to see them burn.
    I have a rather, very, dark perspective, viewpoint towards humanity, people. And for good reason. Civilization can be, and are generally, little shits. Humans are filled with intolerances, anger, greed, ego, vanity, and everything else that's negative and ugly under the sun.
     
    #10     Jun 18, 2022
    themickey, Edmond, Ed48 and 1 other person like this.