CALLING ALL OLDFAGS
What is your sentiment? You’ve been through market cycles. How does this one fare compared to others?
If we don’t hold support between 6.8k - 7k in next few days I have a feeling we are fucked and going bear market for the rest of the year.
I’ve been holding since Jan. But another reason I think we won’t go bull is because even if we reverse this time, a lot of us will sell on ride up after triple bottom. I will. All that sell pressure is going to block any reversal.
No one has a fucking clue, mate.
No. Body. Knows.
Hope this helps. Enjoy.
There is no hope long term-short term who knows?
We all know but we won't tell you
Right now it takes about $7 million per day to keep up with the current inflation. This is true for the next two years until the halvening.
The bear market will last a lot longer than 6 months. Think 2-3 years.
Seems like there will be one more big drop and then sideways consolidation followed by bull season for a month, sell off, then true bull season.
BTC and ETH will crash, hard. Other coins, who knows which, will take their place because people will still be interested in making money but will have no faith in those names.
The peaks probably won't be as high as they were before for a long time because interest will be distributed out then will focus on only a handful of coins.
There you go, a lot of people will have to be poor and hold a couple years before they see any returns.
the promise of blockchain is now common knowledge
there is now large scale mainstream usage of it at current
until that happens investor sentiment cannot change
the next bull run will be triggered by real world use cases going live and being used
until then we go flat or down
Lmao. More like the opposite.
All the shitcoin and erc20 gains will go back to those two.
Maybe put your money in something that's not useless and chill out
BTC weekly candle closed below the 50-week MA on Sunday night. Last bubble that was the beginning of the end before the slide down to the 200 week MA (roughly 4k), which is where I see things heading in the short-medium term. I've sold a decent chunk of my alts for btc and that btc for cash so its out of the market for good.
Old fag here. My sentiment is neutral. I stopped caring for the price a while ago. We're probably going to slow bleed to 6k before we see a pump. Some hyped projects are going to shut down or exit scam in the meantime. Ethereum will go sub 100. You can tell that some developers are losing interest in crypto. If you still want to hold crypto and minimze losses, hold Bitcoin or monero. These are the only coins that are actually used for commerce, so there's demand for them a side from speculation. Also, they aren't run by companies, which ensures them against developers exit scamming.
How did 2016 feel like
Always goes longer and higher/lower than your patience or hands can take, then it reverses
oh stfu and stop acting like you know what you are talking about. For fucks sake.
bull market will start as soon as you sell. So do us all a favor already and take one for the team champ.
I’ve been using BTC since 2010 and traded cryptos from like 2012 through December of 2017. I still hold some cryptos, but I’m endlessly amazed that people think this market will recover in its current form. Most existing projects are bull shit and will never be used and a large majority of “investors” will never use these things in which they’ve invested and their sole purpose for buying was in the hopes that they can sell it to some other idiot that won’t use it either. I would be dumbfoundedly surprised if this market takes any form besides its current form which is a manipulative siphon used to steal money from idiots that don’t understand the tech or have any understanding of how the future may look.
Don’t know how people can’t see that nearly every company is developing in hyperledger or privately ATM. There is already WAY TOO MANY dumb investors in the space thinking they’ll get rich off Litecoin or Something.
It shocks me how many people think they are “early” too, when I’m fact they are over a year late to the useless token bubble that clearly has a lot more dumping to do.
I hold a small amount of money in crypto that I don’t care if I lose. If I had a significant amount in, I’d pull it the fuck out and watch these useless projects fall apart.
this. my folio dipped to $150k but I'm still optimistic long term.
This crash feels different from others because there are tons of media sources trying to convince people there is money to be made still instead of calling it like it is: hundreds of useless projects.
Just look at biz as an example...not many people here are genuinely interested in the future of the space. They want to GET RICH NOW. As long as these people are around, the market will continue dumping (this has been the case every time)
2016 felt like the beginning, considering we'd spent the last year consolidating sideways at 2-3 hundred and finally got that huge spike to 500 in Nov 2015. That was my sign that the winds were changing.
Been in it since Oct-Nov 2013, bought my first for ~$600 CAD or so. Market crashed shortly after and kept crashing till a low of $250 USD or so. Sentiment - Bitcoin, Bitcoin Cash, Ethereum and Monero are here to stay and the price will recover, patience is key.
Lol are you me, 600k ath and 160k now. I have a feeling it will bottom around 100-120k which would take me back to around October/November levels
This LARP is outta control. I actually did use BTC in 2011.
We are just getting started. The future will be protocols like 0x and dapps deployed on chains that noone uses directly but have liquidity due to transparent swaps.
The token bubble will have a few winners and a few losers then it will feed on greed as everyone jumps back in to find the new winner.
Adoption will come even if the normies never switch from USD.
The media saturation hit maximum. There wont be people conned into thinking it's hitting $100,000 soon after looking at a graph.
If there is a growth cycle it will not look like previous ones. Look at any pyramid scheme and at some point it dies off. The Viral media blitz peaked. Every single person who could invest in it was talking about it.
If it goes up now it will be because of fundamentals and not people looking for quick money.
when we're rich and someone tries to tell me it was easy money, I'm going to punch them in their god damned face
Old fart here
Buy low sell high
Repeat
If you have to hold hold
Invest only what you can afford to loose
Similar here. In the future some dumb cunt will call you 'lucky'
well OP, the time has come, my son.
the time to pass this ancient secret on how markets work.
...
...
...
...
...
they either go up, down, or sideways...
>ded
I've been calling $3k for months.
You've been wrong for months and advertise it?
I disagree with you. I think we are a long ways off from large scale blockchain adoption, and I think most of the current BS token projects will play absolutely no role in that adoption. This includes 0x. Just my thoughts. I’ve been pretty deep in the blockchain space for years. I’ve worked on development teams for lots of projects, currently working on 3 blockchain products, one of which is for IBM. I’m not just mindlessly larping BS.
I'm buying at $1k
>bottom
>triple bottom
>technical analysis
REALLY
titanium oldfag here, joined crypto in november 2017. still optimistic, the bullrun is coming. trx and xrp are going to surprise a lot of peopld
I have been telling you since December that we will go back to ~3k on August. This is so fucking obvious that is actually funny...
I will not cash out a penny till ATH, because I feel stupid because not cashing out the precious ATH. I just psychologically can't do it even if the dump continue till $100 or whatever.
Who cares what others think, they're just jealous poorfags and always will be.
The way I see it if it 10x's from these levels or even lower it's still above 1m net. Also held for over a year and will have low cap gains, still bullish for the foreseeable future. These are blood on the streets times so lots of projects can be picked up for cheap.
This long monero it's being used for what BTC found its foothold in
Most won't. Some will capture entire markets. It's how startups work, except now there is this mutual goal of adoption across all chains.
I used to consult with IBM. They were so far up their own ass, I do not trust them with understanding the implications of decentralization.
There is so much wealth in the world and coins amplify it through segmentation. Greed encourages further segmentation, amplification and further greed.
>You've been wrong for months
Nope, It will hit 3k at some point, its almost guaranteed. the question is when.
Oldfag here. Forget about it for a few months, seriously. If you’re holding solid coins just walk away for a bit, crypto is going nowhere, worst thing you can do now is sell.
What do you think of stellar?
Another oldfag here. Were still early in this bear market imo, the volume has not dropped dramatically , when/if it does we will go sideways for months in a dream scenario. I'm short term bullish now
PS let's not compare this crash with the last one in 2014, it was a whole different story then
Don’t you think smart money sees impatient speculators and hype buyers crumbling?
Smart money will wait for even more attractive prices as weak bitches get wrecked. I lost then re gained my position, and I am comfortable holding to 0 now. At least I’ll be doing it my own way.
I walked away in January after that entire 2017 bull run, getting back into it now as things are finally starting to look attractive. These are the best times to research/DCA and initiate positions for the next bull run. Neither bull or bear markets last forever
IBM are autistic faggots in general. Any dealings I've had were them idea fishing under the guise of partnership. Then they just fucking implement a half arsed version of whatever ideas they steal and rely on established networks to distribute. Usually missing the point entirely and being overtaken almost immediately. CTO of a small start up that became a not so small start up here.
That’s what I tell my brother (good to have a real person to talk to about it) this market is forging you, and you’ll never take gains for granted, and no one in our circles will know what challenges we faced.
WOW WUT A SARTGETY
I think it may have utility but it has been overly hyped and is competing with tons of projects. I’m not a huge believer in lately used international currencies and I don’t see reasons for something focusing on money transfer (like stellar) having reason to grow a lot in value since funds should flow in and out. They are apparently doing that whole FairX thing which could increase XLM’s price if they so clever things like BNB, but it wouldn’t surprise me if this whole token craze starts to dry up as people realize most of them are BS.
I ironically made A LOT of money by buying lots of XLM below 2 cents and selling it for over 80 cents. I have absolutely no interest in ever owning any XLM again though and am not interested in the stellar project.
Interesting. So which coins do you believe in? BTC? BCH?
if you think anything in this market is organic youre mistaken
im a bitcoin holder from 2011 and this stuff has been nothing but luck
this pretty much
not to mention many Hodl normies turned into trading
GUess who is gonna be selling at and before 20k?
Everyone...
That is, in the slight 1% chance we even pump to 20k again
Sorry pajeets, we have been jeeted
1K is the floor IMO. People will laugh at me but that is the floor.
>it's different from 2014
It is different, but BTC is driven purely by media/speculation. Right now its been nothing but bad news for weeks now. The normies are scared and the sentiment has shifted. We're in for a 2-3 year bear minimum and then the next bull will be enormous.
Wait for the floor, patience will pay you well with crypto.
Bitcoin will not succeed if the scaling problem isn't fixed. I foresee a big drop and then eventual flippening
op, we are going in an upward channel. we should bounce off 6800 and retest 10k. if we go under 6800 expect 5 - 3k bitcoin. i dont give a fuck though. i 10x my money every day on icos. im all in on NKN right now. its getting listed on binance next week. get some. i was the good user that told you about holochain first
all up hill from here, lad.
>2-3 year bear market
Stop spewing this bullshit, next week we will be in the green again. This feels exactly as a couple months ago when we were moving sideways on 6600.
Lost my coins in gox. U faggots make me sick.
This is a correction not even a bear market.
What you're seeing is a flippening in slow motion
6.6k is floor
rebound to, and sit at 9k for a while
everyone will get bored at 9k for a couple of months, till it slowly gets over 10k then media hype again and back on an upward trend around October
oldfag here, sort of. started getting bitcoins in 2011 through WoW and then just held and traded. honestly, i don't believe in it anymore. this run was artificial all the way from $500 (google spoofy/bitfinex), and everyone knows about bitcoin already. now it's a matter of bagholders reaching despair and selling their bags 1 by 1
Is it just me or do the replies to this thread feel very reditty? I'm at sucker Talley disbelief
You will never see 3k in your life again unless Bitcoin is not the #1 coin anymore. The 5.7k bottom will likely hold. If it doesn't, it won't be much lower. You're predicting an even lower bottom, almost 50% of the last one.
And this is where you are wrong, the sentiment is already fearful. There is nobody left to sell. You think I'm selling now?
We are all waiting for a reversal to like 9k or higher to dump a little. Wait until sentiment is a bit more greedy.
SELL EVERYTHING
>SELL EVERYTHING
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>SELL EVERYTHING
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>SELL EVERYTHING
SELL EVERYTHING
>SELL EVERYTHING
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>SELL EVERYTHING
SELL EVERYTHING
>SELL EVERYTHING
I can agree with this. Lot of sentiment changed. Last year it was all about holding. This year those same people are saying fuck that I’m selling my bags on next run
Anything below $6,000 will trigger some folks. $5,000 and dolphins give up. $4,000 and whales get tense. $3,000 whales sell most of their bitcoins. Any lower and it goes back to 2014-15 for another 2 years of redefining and hopefully solving major problems within the technical aspects because it's not ready for anything, but trading.
What real world use can crypto solve that regular money and current electronic transfers can't do? Smart contracts and flawless, executed automation of them will help adoption. Atomic swaps and instant transactions without losing value will help adoption.
Crypto is trying to rewrite how the world financially operates. Look out for platforms that can host apps, scale, and run fast without consuming too much electricity or energy. These will be the projects that developers will invest money in. Globalization is fine if it's fair and decentralized.
1 usd eoy
This. It's funny seeing all this BTC doom and gloom while I'm comfy with 100% of my portfolio in LINK. I know it'll make me rich within the next year.
Bearish until fall. Oversold bounce incoming though. It won't break the most recent high and will lead to eventual lower lows for 2018.
This
we are gonna bounce this week, for sure, but will be another big dump as all the bagholders in despair load off at around 9 or close to 10k
i dunno.....i'm holding until 0 and i think most of us are, how much lower can we go? the low volume is a bullish sign
Ironhands oldfag from 2013 here.
Have a good paying job and plenty in savings, don't need extra fiat ASAP.
If it goes down I just work on accumulating more crypto and wont sell to fiat.
If it goes up I will sell partial profits to fiat.
I don't care what it does to be honest.
That’s what I might do if we hit 9k to 10k I’m selling
>You will sell when it starts making money.
No, you won't.
Damn, you are also right about that.
not even looking at the charts
I dont give a shit
is it 2020 yet
Are you holding xrp?
Lost all credibility when you said ETH was going to $100. Shame.
it's over. market is totally disconnected from reality. going to full meltdown.
bought bitcoin at $200 in 2013 eth at $7. It's just business as usual, you noobs are funny
we are trying real hard to go down there but it won't happen
a lot of new blood in the market, they give up easily
I don't see a reason for a year long or more bear market. this is just a heavy retrace after a mad pump... not like mtgox when 1/12th if circulating supply was stolen, 80% of volume gone and all trust in exchanges broken
If no one buys and no one sells the price stays the same. So it actually takes zero dollars.
>miners $6k
>too much money to be made
>binance $300m in a year
>institutions incoming
>$6k ultimate bottom
>big cup being formed now with triple bottom
>steady rise up soon
>handle
>moon
Confirmed my suspicions. They have so much money to throw at it that I have been shocked at their lackluster output
>NKN
Where do you find out about these ICOs user? NKN's already finished.
>be me
>buy a lot Ripple at .5
>still haven't lost money
I'm getting nervous. I'm this close ( ) to selling everything.
Any specific recommendations? I've got my eye on Chainlink, Sky coin, Zilliqa and Holochain. Thoughts?
Dude we're like 13 to 45 maybe 50 at best range.
Here's where we're at.
To be an "oldfag" with trading, you need to actually BE OLD.
Like, there's too many intuitive and psychological elements to just think you can master the techniques of business at 30.
I sold in January.
The Buffet and Munger interview triggered me hard and I bought back in.
Not even larping.
That's not where we're at.
We're somewhere between capitulation and depression.
Its starting to come to smaller decline and its going to keep being shit for a long time, but there's not enough energy for a panic. It will just decline.
Also why did you scribble out disbelief you absolute faggot?
In any case, I suspect bitcoin will continue/begin to fizzle out and enter a long period of stagnation that's too slow to be panic, but to fast to mean the people who thought it could be a currency where right for the perceivable future.
I think it will have some ups and downs, but they'll get smaller and smaller while most of the userbase dies out.
And if you don't believe me, remember that the fee for withdrawing crypto changes.
You have to have like I think its about like what $50 bucks worth to withdraw from kraken now?
There's nothing to see here with BTC.
Ethereum, maybe, but not BTC. Not anything that requires a significant fee thanks to the toll it invokes on servers or whatever.
>What real world use can crypto solve that regular money and current electronic transfers can't do?
founding isis
OG here
Boom/bust still when connected to fiat.
Personally, I'm expecting another 18months of bear market with a few alt breakthroughs.
I hodl and forget about it.
I was told to come here and ask Jow Forums who is the "Order of Delphi" pic related. Anyone know?
>the next bull run will be triggered by real world use cases going live and being used
Already happening with the Ethereum network
That sounds exactly like EOS.
eth has no real world use cases until LINK network is up and running