Are we excited yet?

Celsius have "paused" all withdrawals. I don't see how they can recover from this. 😒

It might be harsh, but anyone who handed over custody of their crypto to a 3rd party like Celsius, which is essentially an unregulated fractional reserve bank with no insurance or consumer protections, is a fool. Why anyone would trust another person with their Crypto is beyond me, but greed makes people do stupid things.

"Not your keys, not your coins" is one of the oldest sayings in the game. Good luck getting your coins back.

Stack cash folks. In the coming months we'll have the accumulation phase of a lifetime.

Anyone who bought from 2018 to 2020 was up 10x to 100x in 2021.

It's the most basic of patience. Most people can't manage it.

Indeed. And personally I will only be starting to buy when it's 50% to 60% lower than it is now. Fear and panic can drive it down incredibly low.

Of course it can all go down to zero at almost any time, but if people stick to the mantra of "only invest what you can afford to lose" then they never panic sell. Just wait for the next insane bull run (if it comes).

... also, stocks in Coinbase doesn't count as diversification 😃

I’ve only invested what I can afford to lose so it’s not bothering me at all what’s happening, unless of course it goes to zero. I’m planning on holding for years.

One thing that has struck me since I started investing in Bitcoin is the amount of panic. People panicking if it goes up or down. It’s volatile in nature so I can’t figure out how people can’t see past that.

Well you are. You are advising people to have money available to buy in the future as you obviously think the price will decrease from where it is now.

I only asked as I had this conversation before with others on this forum - if you are convinced that something will go down and then come back up, the rational thing to do would be to sell what you have (or at least sell some of it). The last time was with some poster who was recommending other posters to "hodl", and at the same time to have money available to buy up more when the price decreased.

I was definitely like that at the start, panicked when I saw my first big dip. Now I don't even bat an eye lid. I'm here for the long haul. If I have to leave it 10+ years for significant gains then so be it.

I'd be holding off buying to see where this is going. Bitcoin has been weak over the last 3 months and my feeling is if it breaks below $20k then it will plunge right down to $10k

I’ve been DCA’ing Bitcoin since Christmas. Most of my buys have been in the 30k range so I’m not too fussed. I’ll be buying more at this price like usual.

If you believe it’s the future of money then just stay buying. Eventually, buying at 30k will be a pipe dream., IMO.

Ahh, you know it's a decent crash and bear market when the lurkers who never or rarely post in here show up and try to rub it in people's faces, giving away the fact that they're sad enough to have been lurking and jealous of others gains during the bull run

Actually I hang out here all the time.

Will we see the posters with diamond hands shouting with glee when it dips below 20k

The giant Ponzi scheme is crumbling