BTC dipping super hard and ALT coins following

kibrood

Active member
Trusted Member
I just held everything. It's just a bunch of whales selling on some fud to shakeout a bunch of newbies. They have and will buy back in and gain btc. It's going to go Parabolic after this sell-off is over. Next impulse wave from Alts is gonna generate life changing money. Be prepared to take profits this summer on your alt coin positions.
Yup, didn't touch my HODL bag at all even though it was dropping in value like crazy. It'll make a come back and then some over the next little bit.
It's fascinating to watch the market move from a big picture standpoint - you had people dump BTC taking out billions of leveraged positions, then a short squeeze, then Elon trying to prove liquidity of BTC - us little guys don't stand a chance when the whales decide to throw a fit.
 

John Snow

Member
Trusted Member
Yup, didn't touch my HODL bag at all even though it was dropping in value like crazy. It'll make a come back and then some over the next little bit.
It's fascinating to watch the market move from a big picture standpoint - you had people dump BTC taking out billions of leveraged positions, then a short squeeze, then Elon trying to prove liquidity of BTC - us little guys don't stand a chance when the whales decide to throw a fit.
I see it as an opportunity when the whales drop their bags like that. With that being said, XRP’s been craaaaazy today woo! +26% right now loolll I don’t have xrp but I wish I did, good money for those that got some 👌 Probably my next investment when it’s gonna dip again along with cardano
 

IronRobi

Well-known member
Trusted Member
I see it as an opportunity when the whales drop their bags like that. With that being said, XRP’s been craaaaazy today woo! +26% right now loolll I don’t have xrp but I wish I did, good money for those that got some 👌 Probably my next investment when it’s gonna dip again along with cardano
I don't know how much of a ceiling XRP has in it though. As I write this it's at $1.42USD. If it so much as double's it would overtake ETH (as it sits today) as the #2 crypto. There's nothing wrong with doubling up, but I don't see it taking a trip to the moon anytime soon.
 

bowserthedog

Active member
Trusted Member
I don't know how much of a ceiling XRP has in it though. As I write this it's at $1.42USD. If it so much as double's it would overtake ETH (as it sits today) as the #2 crypto. There's nothing wrong with doubling up, but I don't see it taking a trip to the moon anytime soon.
Its still got a ways to go to catch eth. On coingecko the market cap for XRP is at 65 billion and eth is at 312 billion. How XRP has that kind of value is beyond me. You have to be careful for XRP because it's heavily manipulated. I would take your profits on it and move it into a different project like Polkadot which is right now on the lower side of the Bollinger bands and has bullish project launches on the horizon. Personally, I think DOT will be over 200 this summer.
 

John Snow

Member
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I don't know how much of a ceiling XRP has in it though. As I write this it's at $1.42USD. If it so much as double's it would overtake ETH (as it sits today) as the #2 crypto. There's nothing wrong with doubling up, but I don't see it taking a trip to the moon anytime soon.

yep, I won’t invest in XRP.. it was the plan but as you say, it looks heavily manipulated and until I get way more experienced with short selling, I won’t touch it. If someone already had an XRP bag yesterday and sold today then the profit margin is fantastic !
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I bought a small bag of VET today’s as it’s supposed to get pumped tomorrow due to some kind of big announcement ( I know, I need to do some research instead of taking everything out of Reddit lol .I’ve bought at 0.21 Set my Sell limit at 25% which is 0.26$. If shit goes south, then I’ll HodL, VeChain is great and will most likely go up to a new ATH soon. I’m playing with 200$ only for these kind of trades so I’m pretty secure about risking it.
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New Sell limit on XLM at 0.55$Us. I’ll get a small profit margin on there and invest somewhere else. I love Stellar but my portfolio is not big enough to invest a lot on stellar and wait 1-3 years. Too stable for my liking as for now.
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I can’t wait to be good enough to day trade with smaller profit margin on multiple coins at a time. Seems really fun. I found a new passion LOL

bodybuilding & crypto
 
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ElectricRocker

Well-known member
Trusted Member
yep, I won’t invest in XRP.. it was the plan but as you say, it looks heavily manipulated and until I get way more experienced with short selling, I won’t touch it. If someone already had an XRP bag yesterday and sold today then the profit margin is fantastic !
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I bought a small bag of VET today’s as it’s supposed to get pumped tomorrow due to some kind of big announcement ( I know, I need to do some research instead of taking everything out of Reddit lol .I’ve bought at 0.21 Set my Sell limit at 25% which is 0.26$. If shit goes south, then I’ll HodL, VeChain is great and will most likely go up to a new ATH soon. I’m playing with 200$ only for these kind of trades so I’m pretty secure about risking it.
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New Sell limit on XLM at 0.55$Us. I’ll get a small profit margin on there and invest somewhere else. I love Stellar but my portfolio is not big enough to invest a lot on stellar and wait 1-3 years. Too stable for my liking as for now.
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I can’t wait to be good enough to day trade with smaller profit margin on multiple coins at a time. Seems really fun. I found a new passion LOL

bodybuilding & crypto
Good decision to buy vet. Ive been in it since 0.01. Have a good sized bag parked in the official wallet. Dont sell yet. Its mega early and predictions by eoy to be around 3$. If you download the official wallet you'll accumulate the burn token vtho. This coin is a top 5 in a year. The pump tomorrow which you speak of is an AMA on r/cc. Lots of good things coming for the vet holders. I wish i got in earlier myself
 

kibrood

Active member
Trusted Member
Anyone ever get burned on a rug pull? I had one $ASKO - lost $500 which in the grand scheme of things isn't too bad, but man did I get roped in - fell for the shilling on reddit and 4chan.
 

IronRobi

Well-known member
Trusted Member
If shit goes south, then I’ll HodL,
This is extremely common in investors (not just crypto), and one of the worst things people can do. It's based on human nature "I'll hold this until it at least breaks even and then I'll sell it" because nobody wants to take a loss. You bought in at $0.21, if it drops down to lets say $0.10 you need to evaluate your position. If you truly believe it will get back to $0.21, then why would you just hold it? Why not buy a significant position in it? If it's worth holding, it's worth putting more money in. If the goal is to hold it because you don't want to take a loss, the best thing to do is usually take the loss and re-invest whatever is left in something that you're sure will grow. You'll likely recoup your losses much sooner and likely make larger gains long term.

Anyone ever get burned on a rug pull? I had one $ASKO - lost $500 which in the grand scheme of things isn't too bad, but man did I get roped in - fell for the shilling on reddit and 4chan.
A $500 loss on a shitcoin is really not bad. There's a reason the majority of altcoins are called shitcoins. If you bet on the right horse you can get rich overnight. You can just as easily eat shit and end up broke.
 

biglove

Active member
Trusted Member
How do some of you feel with the 50% drop so far ? i hope everyone still have hair on there head, that's one reason i hate to gambling, but wish everyone the best.
 

kibrood

Active member
Trusted Member
Cashed out a good chunk of my bags and waiting to see what BTC does before getting back in. Some think it'll drop to low 30's, maybe even dip into the 20K region, I'm fine with that, ready to buy back in.
 

biglove

Active member
Trusted Member
Cashed out a good chunk of my bags and waiting to see what BTC does before getting back in. Some think it'll drop to low 30's, maybe even dip into the 20K region, I'm fine with that, ready to buy back in.
good on you brother, i wish i had the heart to invest in bitcoin but i don't i prefer to invest in things that are secure.
 

Beothuk

Well-known member
Trusted Member
If BTC drops to the low 20K level, then I’m a buyer otherwise I’m staying out.
ETH drops to $1500 I’m back in.
Have small positions in both that I’m holding and hoping to get back in soon
 

flexappeal

Moderator
I won't go into it too much but things are at 2008 levels and I expect another market crash. Institutions a market makers are using crypto as a pump and dump so down the road there will be a great entry point. Look up reverse repos, liquidity is drying up and margin dept is insane.

Not financial advice do your due diligence.
 

bowserthedog

Active member
Trusted Member
I've moved to the defi space in on the matic network. There's a really good project I there called Adamant Finance which does autocompounding of yield. Trying to grow my bag while the market goes sideways I think for a couple more months.
 

3ml

Moderator
Trusted Member
i would be dollar cost averaging at this prices. One thing i can tell you with certainty we are not buying the top.
Agreed this won't be the top down the road. I think we are gonna go somewhat lower, shake people out. I think we will have a little bearish patch here of 12 to 18 months.
Dollar cost averaging is your friend at these times.
 
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