The China "news" is a nonsense, btw. They banned it in 2017 and have been updating this ban every few months since. It is classic FUD
This is no surprise, we all know what China is, a zombie nation controlled by Führers under the disguise of Communism.
Real Crypto (decentralisation) goes against everything the Chinese government have 'achieved' and are striving to take to even greater extremes.
Uyghur muslims and lying about it, Coronavirus and lying about it, messing up our Crypto investments, this is just the tip of the iceberg.
$150 fee to transfer $2.5k of USDT from Binance.
Wow, I'll give it a miss.
comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 5 minutes ago
comment by Edbo (U17933)
posted 2 hours, 27 minutes ago
The Bull Market is over.
----------------------------------------------------------------------
Thanks for letting us know
It might be over, that crazy hour around 1-2pm certainly felt like it and this mild recovery could be a dead cat bounce... But i've been in three bullruns now though and these huge corrections can propel the run to the next step (whales shaking out all the new money then pushing the market to a bull again)... The next week or so will show us the sentiment.
----------------------------------------------------------------------
I think the next few days/week will be shaky but recovery is inevitable.
Remember what you learned when you first got involved everyone, certainly if you were early into ADA Hold-On-For-Dear-Life
Crypto is bigger than whatever happens in a 24 hour market cycle, or a week long market cycle. The best cryptocurrencies can't be stopped now even if governments try. Big barriers to entry for 1.5bn people is not nice news and likely affects everyone's long term ROI - but like Ji said not a lot has changed in reality. The crypto market is even, bigger than China.
This is more than a financial investment. You are investing in technology that is changing the World order. Financial instruments that are fair and cheap for everyone, don't be surprised when governments; particularly dictatorships, get scared.
It's not even news though... it is just an update to laws they made in 2013 and 2017
https://www.coindesk.com/china-reiterates-crypto-bans-from-2013-and-2017
What it does show is the market was primed for a correction though, everyone was nervous (inlcuding myself) when the doge/shib/moon etc coins were gather such huge momentum.
comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 8 minutes ago
everyone was nervous (inlcuding myself)
----------------------------------------------------------------------
Hold me Ji.
comment by You Can't Buy Class - IDHT2EU (U12019)
posted 3 hours, 4 minutes ago
BTC kissed $30,000 then recovered to about $37,000 within the space of 10-15 minutes
It's like a Slip 'n' Slide right now.
----------------------------------------------------------------------
Lots of longs and shorts being liquidated
comment by Edbo (U17933)
posted 3 hours, 45 minutes ago
The Bull Market is over.
----------------------------------------------------------------------
You may hope so now that you sold everything but these corrections are nothing out of the ordinary, as painful as they are. People forget that this bull run started on the back of BTC dumping 63% in less than a month
If you had a long on BTC at $30k you’d be up over 40% already, and that’s without leverage. Wish I had the balls to make a trade like that
comment by You Can't Buy Class - IDHT2EU (U12019)
posted 1 hour, 13 minutes ago
comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 8 minutes ago
everyone was nervous (inlcuding myself)
----------------------------------------------------------------------
Hold me Ji.
----------------------------------------------------------------------
I'll hodl you long time
Oh wow. It briefly kissed the $40k marker before dipping again.
Was just chatting to a mate of mine who lost $50k (portfolio value) in 15 minutes during that crazy 1 hour this afternoon! Ouch.
comment by The Arteta, The (U18355)
posted 47 minutes ago
comment by Edbo (U17933)
posted 3 hours, 45 minutes ago
The Bull Market is over.
----------------------------------------------------------------------
You may hope so now that you sold everything but these corrections are nothing out of the ordinary, as painful as they are. People forget that this bull run started on the back of BTC dumping 63% in less than a month
----------------------------------------------------------------------
Nah I’m not like that. I wouldn’t want others to miss out on success just cos I cashed out. Just my feeling
comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 31 minutes ago
comment by You Can't Buy Class - IDHT2EU (U12019)
posted 1 hour, 13 minutes ago
comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 8 minutes ago
everyone was nervous (inlcuding myself)
----------------------------------------------------------------------
Hold me Ji.
----------------------------------------------------------------------
I'll hodl you long time
----------------------------------------------------------------------
comment by The Arteta, The (U18355)
posted 58 minutes ago
comment by You Can't Buy Class - IDHT2EU (U12019)
posted 3 hours, 4 minutes ago
BTC kissed $30,000 then recovered to about $37,000 within the space of 10-15 minutes
It's like a Slip 'n' Slide right now.
----------------------------------------------------------------------
Lots of longs and shorts being liquidated
----------------------------------------------------------------------
comment by You Can't Buy Class - IDHT2EU (U12019)
posted 44 minutes ago
comment by The Arteta, The (U18355)
posted 58 minutes ago
comment by You Can't Buy Class - IDHT2EU (U12019)
posted 3 hours, 4 minutes ago
BTC kissed $30,000 then recovered to about $37,000 within the space of 10-15 minutes
It's like a Slip 'n' Slide right now.
----------------------------------------------------------------------
Lots of longs and shorts being liquidated
----------------------------------------------------------------------
----------------------------------------------------------------------
Whilst I have done some leverage trading on Binance & Morpher (of cryptocurrencies) and I have once skirted being liquidated I fortunately stuck to my gut of no higher than 2.5x leverage and that was enough to save me, that trade would then go onto make a healthy profit after recovery, later I read that this is the recommended maximum somewhere so I guess my instincts were good Although these days I stick to 1.7 max which is pretty safe in general.
I've never done those traditional type of shorts or w/e basically, when you get liquidated, the broker just keeps your initial investment, whatever it is worth now? That's pretty harsh with crypto because they almost always recover nice for the broker/exchange though...
Comment deleted by Site Moderator
comment by United we win (U19958)
posted 3 minutes ago
Bull market is not over. It will rise and those who sold will miss out and repeat again. They will all jump in when market is rising again. Never learning their lessons
----------------------------------------------------------------------
Shows how much scared money is still in the market. I know so many investors that would never dare touch stocks but have money in crypto. Blows my mind and it won't subside until general awareness has increased drastically. It'll be a gradual development over years though I feel instead of one huge correction and a eureka moment. Can't see this trend stopping anytime soon, especially with so many seeming to treat Elon as some crypto messiah and NFTs gaining lots of traction.
Until then itll keep being profitable to scare joe public into panic selling with soundbites, whilst the savy investors will just get richer. It's literally like the wild west gold rush
I would say BTC would have to close above $42k by 1am tonight, that is currently where the 200 day moving average is at the moment. In the last bull run, BTC broke above the 200 day MA in October 2015 and never closed a single day below it until Feb 2018 when the bear market started. We also never had a 56% dump in that bull run.
Although I’m not convinced this current bull cycle is over, there are still plenty of worrying signs atm
Yeah the signs short term are not exactly encouraging. Cant ignore them due to a love for the tech and its obvious bright future
At peace with this particular run being over though tbh. Gives plenty of time for me to work out a rebalance
if BTC recovers here it is completely unprecedented territory
Would be mad, if not also fun, times
comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 11 hours, 27 minutes ago
Was just chatting to a mate of mine who lost $50k (portfolio value) in 15 minutes during that crazy 1 hour this afternoon! Ouch.
----------------------------------------------------------------------
He hasn't lost it if he didn't cash in.
comment by Melbourne Red’s Sharpey Shuffle (U5417)
posted 1 hour, 41 minutes ago
comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 11 hours, 27 minutes ago
Was just chatting to a mate of mine who lost $50k (portfolio value) in 15 minutes during that crazy 1 hour this afternoon! Ouch.
----------------------------------------------------------------------
He hasn't lost it if he didn't cash in.
----------------------------------------------------------------------
I think that's why he said portfolio value
comment by Magnum. (The big man on here, The Chief, The H... (U22391)
posted 30 minutes ago
comment by Melbourne Red’s Sharpey Shuffle (U5417)
posted 1 hour, 41 minutes ago
comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 11 hours, 27 minutes ago
Was just chatting to a mate of mine who lost $50k (portfolio value) in 15 minutes during that crazy 1 hour this afternoon! Ouch.
----------------------------------------------------------------------
He hasn't lost it if he didn't cash in.
----------------------------------------------------------------------
I think that's why he said portfolio value
----------------------------------------------------------------------
Yeah I was probably being a bit pedantic.
In good news, ADA up over 9% today. Looked like it was going to go below $1 yesterday but now up to $1.70
Sign in if you want to comment
Crypto Thread-Bitcoin/ethereum/litecoin
Page 194 of 223
195 | 196 | 197 | 198 | 199
posted on 19/5/21
The China "news" is a nonsense, btw. They banned it in 2017 and have been updating this ban every few months since. It is classic FUD
posted on 19/5/21
This is no surprise, we all know what China is, a zombie nation controlled by Führers under the disguise of Communism.
Real Crypto (decentralisation) goes against everything the Chinese government have 'achieved' and are striving to take to even greater extremes.
Uyghur muslims and lying about it, Coronavirus and lying about it, messing up our Crypto investments, this is just the tip of the iceberg.
posted on 19/5/21
$150 fee to transfer $2.5k of USDT from Binance.
Wow, I'll give it a miss.
posted on 19/5/21
comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 5 minutes ago
comment by Edbo (U17933)
posted 2 hours, 27 minutes ago
The Bull Market is over.
----------------------------------------------------------------------
Thanks for letting us know
It might be over, that crazy hour around 1-2pm certainly felt like it and this mild recovery could be a dead cat bounce... But i've been in three bullruns now though and these huge corrections can propel the run to the next step (whales shaking out all the new money then pushing the market to a bull again)... The next week or so will show us the sentiment.
----------------------------------------------------------------------
I think the next few days/week will be shaky but recovery is inevitable.
Remember what you learned when you first got involved everyone, certainly if you were early into ADA Hold-On-For-Dear-Life
Crypto is bigger than whatever happens in a 24 hour market cycle, or a week long market cycle. The best cryptocurrencies can't be stopped now even if governments try. Big barriers to entry for 1.5bn people is not nice news and likely affects everyone's long term ROI - but like Ji said not a lot has changed in reality. The crypto market is even, bigger than China.
This is more than a financial investment. You are investing in technology that is changing the World order. Financial instruments that are fair and cheap for everyone, don't be surprised when governments; particularly dictatorships, get scared.
posted on 19/5/21
It's not even news though... it is just an update to laws they made in 2013 and 2017
https://www.coindesk.com/china-reiterates-crypto-bans-from-2013-and-2017
What it does show is the market was primed for a correction though, everyone was nervous (inlcuding myself) when the doge/shib/moon etc coins were gather such huge momentum.
posted on 19/5/21
comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 8 minutes ago
everyone was nervous (inlcuding myself)
----------------------------------------------------------------------
Hold me Ji.
posted on 19/5/21
comment by You Can't Buy Class - IDHT2EU (U12019)
posted 3 hours, 4 minutes ago
BTC kissed $30,000 then recovered to about $37,000 within the space of 10-15 minutes
It's like a Slip 'n' Slide right now.
----------------------------------------------------------------------
Lots of longs and shorts being liquidated
posted on 19/5/21
comment by Edbo (U17933)
posted 3 hours, 45 minutes ago
The Bull Market is over.
----------------------------------------------------------------------
You may hope so now that you sold everything but these corrections are nothing out of the ordinary, as painful as they are. People forget that this bull run started on the back of BTC dumping 63% in less than a month
posted on 19/5/21
And 52% in a few hours
posted on 19/5/21
If you had a long on BTC at $30k you’d be up over 40% already, and that’s without leverage. Wish I had the balls to make a trade like that
posted on 19/5/21
comment by You Can't Buy Class - IDHT2EU (U12019)
posted 1 hour, 13 minutes ago
comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 8 minutes ago
everyone was nervous (inlcuding myself)
----------------------------------------------------------------------
Hold me Ji.
----------------------------------------------------------------------
I'll hodl you long time
posted on 19/5/21
Oh wow. It briefly kissed the $40k marker before dipping again.
posted on 19/5/21
Was just chatting to a mate of mine who lost $50k (portfolio value) in 15 minutes during that crazy 1 hour this afternoon! Ouch.
posted on 19/5/21
comment by The Arteta, The (U18355)
posted 47 minutes ago
comment by Edbo (U17933)
posted 3 hours, 45 minutes ago
The Bull Market is over.
----------------------------------------------------------------------
You may hope so now that you sold everything but these corrections are nothing out of the ordinary, as painful as they are. People forget that this bull run started on the back of BTC dumping 63% in less than a month
----------------------------------------------------------------------
Nah I’m not like that. I wouldn’t want others to miss out on success just cos I cashed out. Just my feeling
posted on 19/5/21
comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 31 minutes ago
comment by You Can't Buy Class - IDHT2EU (U12019)
posted 1 hour, 13 minutes ago
comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 8 minutes ago
everyone was nervous (inlcuding myself)
----------------------------------------------------------------------
Hold me Ji.
----------------------------------------------------------------------
I'll hodl you long time
----------------------------------------------------------------------
posted on 19/5/21
comment by The Arteta, The (U18355)
posted 58 minutes ago
comment by You Can't Buy Class - IDHT2EU (U12019)
posted 3 hours, 4 minutes ago
BTC kissed $30,000 then recovered to about $37,000 within the space of 10-15 minutes
It's like a Slip 'n' Slide right now.
----------------------------------------------------------------------
Lots of longs and shorts being liquidated
----------------------------------------------------------------------
posted on 19/5/21
comment by You Can't Buy Class - IDHT2EU (U12019)
posted 44 minutes ago
comment by The Arteta, The (U18355)
posted 58 minutes ago
comment by You Can't Buy Class - IDHT2EU (U12019)
posted 3 hours, 4 minutes ago
BTC kissed $30,000 then recovered to about $37,000 within the space of 10-15 minutes
It's like a Slip 'n' Slide right now.
----------------------------------------------------------------------
Lots of longs and shorts being liquidated
----------------------------------------------------------------------
----------------------------------------------------------------------
Whilst I have done some leverage trading on Binance & Morpher (of cryptocurrencies) and I have once skirted being liquidated I fortunately stuck to my gut of no higher than 2.5x leverage and that was enough to save me, that trade would then go onto make a healthy profit after recovery, later I read that this is the recommended maximum somewhere so I guess my instincts were good Although these days I stick to 1.7 max which is pretty safe in general.
I've never done those traditional type of shorts or w/e basically, when you get liquidated, the broker just keeps your initial investment, whatever it is worth now? That's pretty harsh with crypto because they almost always recover nice for the broker/exchange though...
posted on 19/5/21
Comment deleted by Site Moderator
posted on 19/5/21
comment by United we win (U19958)
posted 3 minutes ago
Bull market is not over. It will rise and those who sold will miss out and repeat again. They will all jump in when market is rising again. Never learning their lessons
----------------------------------------------------------------------
Shows how much scared money is still in the market. I know so many investors that would never dare touch stocks but have money in crypto. Blows my mind and it won't subside until general awareness has increased drastically. It'll be a gradual development over years though I feel instead of one huge correction and a eureka moment. Can't see this trend stopping anytime soon, especially with so many seeming to treat Elon as some crypto messiah and NFTs gaining lots of traction.
Until then itll keep being profitable to scare joe public into panic selling with soundbites, whilst the savy investors will just get richer. It's literally like the wild west gold rush
posted on 19/5/21
I would say BTC would have to close above $42k by 1am tonight, that is currently where the 200 day moving average is at the moment. In the last bull run, BTC broke above the 200 day MA in October 2015 and never closed a single day below it until Feb 2018 when the bear market started. We also never had a 56% dump in that bull run.
Although I’m not convinced this current bull cycle is over, there are still plenty of worrying signs atm
posted on 19/5/21
Yeah the signs short term are not exactly encouraging. Cant ignore them due to a love for the tech and its obvious bright future
At peace with this particular run being over though tbh. Gives plenty of time for me to work out a rebalance
posted on 19/5/21
if BTC recovers here it is completely unprecedented territory
Would be mad, if not also fun, times
posted on 20/5/21
comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 11 hours, 27 minutes ago
Was just chatting to a mate of mine who lost $50k (portfolio value) in 15 minutes during that crazy 1 hour this afternoon! Ouch.
----------------------------------------------------------------------
He hasn't lost it if he didn't cash in.
posted on 20/5/21
comment by Melbourne Red’s Sharpey Shuffle (U5417)
posted 1 hour, 41 minutes ago
comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 11 hours, 27 minutes ago
Was just chatting to a mate of mine who lost $50k (portfolio value) in 15 minutes during that crazy 1 hour this afternoon! Ouch.
----------------------------------------------------------------------
He hasn't lost it if he didn't cash in.
----------------------------------------------------------------------
I think that's why he said portfolio value
posted on 20/5/21
comment by Magnum. (The big man on here, The Chief, The H... (U22391)
posted 30 minutes ago
comment by Melbourne Red’s Sharpey Shuffle (U5417)
posted 1 hour, 41 minutes ago
comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 11 hours, 27 minutes ago
Was just chatting to a mate of mine who lost $50k (portfolio value) in 15 minutes during that crazy 1 hour this afternoon! Ouch.
----------------------------------------------------------------------
He hasn't lost it if he didn't cash in.
----------------------------------------------------------------------
I think that's why he said portfolio value
----------------------------------------------------------------------
Yeah I was probably being a bit pedantic.
In good news, ADA up over 9% today. Looked like it was going to go below $1 yesterday but now up to $1.70
Page 194 of 223
195 | 196 | 197 | 198 | 199