Is anyone else starting to become a bit worried? mod note in first post

djan

Dohnjoe wrote: »

Wow, the bad news really all hits at once

Don't see any bad news there? Banks do the sharing of data often automatically. As much as its bandied out that crypto is used for money laundering etc. cash is still vastly superior more used for this as it is mu h harder to trace than crypto.

Unless the general public misunderstand such probes, it shouldn't really impact things. Given the madness around Elon etc. the market has been a bit irrational recently.

Dohnjoe

djan wrote: »

Don't see any bad news there?

Elon's tweets, Vitalik's reaction to Shib, and Binance under investigation - the details and context don't matter to the market, it's reacted by dropping around 15% so far.

We've been peaking along at ATH's for quite some time now, if it recovers from this and there's no more "bad news", I'd be relatively bullish. But if panic starts to set in, the drops could become recurring and self-sustaining. Next 48 hours should tell us. And I want to see how Asians react when they wake up.

the market has been a bit irrational recently

The market is irrational by default.

seannash

Dohnjoe wrote: »

Elon's tweets, Vitalik's reaction to Shib, and Binance under investigation - the details and context don't matter to the market, it's reacted by dropping around 15% so far.

We've been peaking along at ATH's for quite some time now, if it recovers from this and there's no more "bad news", I'd be relatively bullish. But if panic starts to set in, the drops could become recurring and self-sustaining. Next 48 hours should tell us. And I want to see how Asians react when they wake up.



The market is irrational by default.

Just on the binance thing, the second point in The artical states that they have said binance has not been accused of any wrong doing. They request info from binance.

seannash

Mr Rhode Island Red wrote: »

Binance under investigation by US department of justice and IRS



https://twitter.com/crypto/status/1392888177363406852

Just read the second bullet in that article please

Jackben75

Dohnjoe wrote: »

Elon's tweets, Vitalik's reaction to Shib, and Binance under investigation - the details and context don't matter to the market, it's reacted by dropping around 15% so far.

We've been peaking along at ATH's for quite some time now, if it recovers from this and there's no more "bad news", I'd be relatively bullish. But if panic starts to set in, the drops could become recurring and self-sustaining. Next 48 hours should tell us. And I want to see how Asians react when they wake up.



The market is irrational by default.

Binance article is fud, musk taking the piss, Vitalik making a point and a serious one at that. Bull market is far from over, bounce will happen very soon (next few days). Whales having a whale of a time at the moment , taking full advantage and manipulating more :pac: Relax!

Somecrimesitry

Somecrimesitry wrote: »

Cardano has been like a boss, you could have turned €10k into €300k+ since March 2020. If you hold until after smart contracts go live in August you'll have €600k+ in your pocket. Best investment I ever made back in 2018 at sub €0.03. It's recently surpassed my very costly stock portfolio painstakingly built up over 20 years. All the while you'd have also earned a few extra grand in staking rewards.

Sorry folks I was a few months out. I guess people could still argue over €590k v €600k...but what's €10k amongst friends:)

antimatterx

So, it's been an interesting few days. I'm still in the green overall, but just about.

Pintman Paddy Losty

I warned people to cash out. But publically, but moreso to people who had signed up to my Pintman Paddy Losty newsletter which is based on my celebrated PPL Technical Analysis algorithmn.


Folks, we are in stage 4 decline when it comes to crypto right now. You can blame your former hero Elon, but it's just the fundamentals of a bubble. If you are still in the green, don't be sentimental and hodl... time to pull the plug and take whatever you've made and run. Gonna be a long long time if those ATHs are ever seen again.

SnuggyBear

Get out while you still can lol

Stake your usdt for the time being.

Dohnjoe

Pintman Paddy Losty wrote: »

I warned people to cash out.

You and your other account warned people to cash out when Bitcoin was 3k and Eth was a hundred quid and that it was all going to zero.

So yeah, not much credibility, but if/when this kicks off another bear I'm sure you'll be here to remind everyone of the fact

TheAnalyst_

Absolutely loving this hahah

Irish_rat

This is a crash not a dip and it's bloody fun!

Pintman Paddy Losty

Dohnjoe wrote: »

You and your other account warned people to cash out when Bitcoin was 3k and Eth was a hundred quid and that it was all going to zero.

So yeah, not much credibility, but if/when this kicks off another bear I'm sure you'll be here to remind everyone of the fact

I've came to provide advice for free. People can choose to take it or leave it. DYOR as they say.


But this thing is going to fall quicker than a fat slags knickers at a swingers party.

Dohnjoe

Freefall now

grindle

TheAnalyst_ wrote: »

Absolutely loving this hahah

Same.

Very wholesome when disparate camps can bond over a shared experience.

Irish_rat

It's good when reality kicks in. So many leveraged trades are rekt

HGVRHKYY

Dohnjoe wrote: »

You and your other account warned people to cash out when Bitcoin was 3k and Eth was a hundred quid and that it was all going to zero.

So yeah, not much credibility, but if/when this kicks off another bear I'm sure you'll be here to remind everyone of the fact

Don't disrespect his CELEBRATED analysis!

I hear he was headhunted by Berkshire

seannash

Pintman Paddy Losty wrote: »

I've came to provide advice for free. People can choose to take it or leave it. DYOR as they say.


But this thing is going to fall quicker than a fat slags knickers at a swingers party.

He raises a good point though, can you admit you were wrong the last couple of times you said it was going to zero?

sabat

Slideways

The three blokes I know who have had money in the crypto game have all cashed out now.
They are happy to be out with their head above water.

sabat

sabat wrote: »

"Mortimer...your brother..."

"FÜCK HIM!"

:pac:

ShaneU

Bitcoin under $35k now, crazy

Bob24

Slideways wrote: »

The three blokes I know who have had money in the crypto game have all cashed out now.
They are happy to be out with their head above water.

For sure the Revolut and Robinhood traders who entered the market this year looking for quick gains are now leaving as they are basically trend-followers (and they tend to amplify the trend in either direction).

I guess soon we are reaching levels whereby longer term holders are being tested. It will be interesting how things turn-out (as I post this, anyone who bought last year is still positive).

Bob24

ShaneU wrote: »

Bitcoin under $35k now, crazy

Looks like that head and shoulders pattern is playing out.

jester77

Zooms out 6 months, all green, looking good

Jackben75

pure panic selling now lol. Some golden opportunities could be on the horizon

Rob2D

This thing is wild.

Looks like I should've stayed Tethered up that time. Was expecting altseason, but got a crash! Are you not entertained?!

It'll be interesting to see what the rest of the year will be like. It's not even summer yet.

SortingYouOut

Will be slapping more into BTC once my bank transfer goes through.

Sweetest Perfection

How can I buy 1 Bitcoin, I have the money?

Normal One

Sweetest Perfection wrote: »

How can I buy 1 Bitcoin, I have the money?

Lidl, middle aisle next to the snorkel set.

Larbre34

The sovereign Governments are going to start closing doors to crypto all over the place. It will soon solely become the vehicle for criminality that its currently developing as and when the music stops, those criminal elements will be left holding valueless, untransactable records.

The rest of this year looks only like more and more erosion of values. Get out, get out now.

Sweetest Perfection

Normal One wrote: »

Lidl, middle aisle next to the snorkel set.

Lidl don't sell Bitcoin dude, they only sell Dogecoin!

Sweetest Perfection

Sweetest Perfection wrote: »

How can I buy 1 Bitcoin, I have the money?

Coinbase is only allowing me to spend a measly $3,000. So where can I buy a one full bitcoin in one transaction?

Larbre34

CNN expecting SEC intervention within 30 days to make a determination on improper, even criminal market manipulation of crypto.

It is being paralleled with junk bonds, a rigged market, a corrupt commodity like ivory or blood diamonds rather than any sort of asset class.

Gone Drinking

Sweetest Perfection wrote: »

How can I buy 1 Bitcoin, I have the money?

Apply for one here

Rob2D

Sweetest Perfection wrote: »

Coinbase is only allowing me to spend a measly $3,000. So where can I buy a one full bitcoin in one transaction?

Binance are best IMO.

MrMusician18

Larbre34 wrote: »

The sovereign Governments are going to start closing doors to crypto all over the place. It will soon solely become the vehicle for criminality that its currently developing as and when the music stops, those criminal elements will be left holding valueless, untransactable records.

The rest of this year looks only like more and more erosion of values. Get out, get out now.

This is what i think is happening. The music is stopping and the smarter money is walking.Really once the ****ing with governments started, it was time to get out.

If we start to see fresh coins that haven't been moved for years in quantity back in the market then the game will be up.

grindle

Larbre34 wrote: »

CNN expecting SEC intervention within 30 days to make a determination on improper, even criminal market manipulation of crypto.

It is being paralleled with junk bonds, a rigged market, a corrupt commodity like ivory or blood diamonds rather than any sort of asset class.

I'm surprised Charlie Lee hasn't been nabbed yet, he's been all-but named by the SEC in relation to manipulating LTC on Coinbase when he worked there.

Bob24

Tether briefly dipped to 90 cents (and still at 97): https://www.coingecko.com/en/coins/tether

Probably just a short term liquidity issue, but it won't help with the panic mood ...

Cosmo Kramer

Sweetest Perfection wrote: »

Coinbase is only allowing me to spend a measly $3,000. So where can I buy a one full bitcoin in one transaction?

They're doing you a favour mate.

Gone Drinking

Revolute having login issues the last 40 minutes. I wonder if its related to everyone trying to get in and check/sell up :pac:

Gone Drinking

www.coinbase.com down :pac:

Scuid Mhór

I appear to have missed a lot today. The exchanges crashing might actually be a good thing. Less panic selling may allow the prices to stabilise.

Jackben75

Scuid Mhór wrote: »

I appear to have missed a lot today. The exchanges crashing might actually be a good thing. Less panic selling may allow the prices to stabilise.

they always crash when something like this occurs.

Larbre34

Larbre34 wrote: »

The sovereign Governments are going to start closing doors to crypto all over the place. It will soon solely become the vehicle for criminality that its currently developing as and when the music stops, those criminal elements will be left holding valueless, untransactable records.

The rest of this year looks only like more and more erosion of values. Get out, get out now.

You're completely ignoring the applications of crypto. DeFi can exist outside of governments. That is the whole point.

brendanwalsh

God have mercy on any of the new investors who bought at 65k. This may be their first butchering. The blood always sting harder when the wound is first opened.

coolshannagh28

brendanwalsh wrote: »

God have mercy on any of the new investors who bought at 65k. This may be their first butchering. The blood always sting harder when the wound is first opened.

Elon Musk has manipulated this market into a classic pump and dump from the 30 k handle , he will alienate a lot of people who are fans .

bs2014

Guys my average price of BTC is €45k; down now at under €30 (way lower than it was in March when I started dipping in crypto); is it time to jump ship or is this a temporary blip that will rebound.

Rob2D

bs2014 wrote: »

Guys my average price of BTC is €45k; down now at under €30 (way lower than it was in March when I started dipping in crypto); is it time to jump ship or is this a temporary blip that will rebound.

Well certainly try not to sell at a loss. If you don't need the money then just wait it out.

TheAnalyst_

coolshannagh28 wrote: »

Elon Musk has manipulated this market into a classic pump and dump from the 30 k handle , he will alienate a lot of people who are fans .

Why would a CEO have fans.

**** the whole lot or them. Crytpo mining is using a disgusting amount of energy.