Bitcoin and Crypto Talk (Merged)(includes NFT) (1 Viewer)

[El Caliente]

It’s a blood bath out there thanks to Tesla.

 

[itztime]

I think ETH bounced up off its low just above $2000. Now around $2500 but could be a dead cat bounce.

I set my limit purchase last night if it fell to $2999 to buy a fraction of the coin which obviously my limit buy went through BUT just think I could have had more coin for $2000 if I would have set my limit there.....who would have thought.

 

[jrdbrn]

I just bought ETH, XRP, and a sheetecoin DGB.

 

[Mr. Blue Sky]

Just bought some ETH for the first time.. have had some BTC for a few months.. Gonna let it ride for 20 or 30 years and hope for the best.

 

[Chris]

 

[CanadianSaint]

 

[CanadianSaint]

China has pulled this move about 8 times since BTC started.

 

[CanadianSaint]

 

[DaveXA]

Updoot for learning me the 'dead cat bounce' phrase

Yeah, it's a common phrase in investing/finance circles.

 

[El Caliente]

Yesterday

Today

The panic is over. Onward and upward.

 

[El Caliente]

Yeah, it's a common phrase in investing/finance circles.

Indeed. As is catching a falling knife.

 

[Tapxe]

Yesterday

Today

The panic is over. Onward and upward.

I wonder how much of that was folks needing to liquidate to cover taxes.

 

[El Caliente]

I wonder how much of that was folks needing to liquidate to cover taxes.

They say that $8bn in liquidation happened yesterday. China made some cash (China owns 70+% of all crypto…which is also why the Feds won’t back it).

 

[DaveXA]

Indeed. As is catching a falling knife.

My dad, brother and I all were part of a team of advisors for a couple of years. Dad used that phrase a lot when the market was a mess in '07-'08. Good times, or not, lol.

The folks who made a killing were the ones who hung onto their portfolios and kept adding money during the downturn.

The ones who got burned usually were trying to time the markets and when the markets kept going down, they got frustrated and pulled out before it turned back around.

Fascinating watching how different people responded during that time. Sort of like fight or flight when people are facing a crisis. They do the same thing with investing.

 

[Brennan77]

My dad, brother and I all were part of a team of advisors for a couple of years. Dad used that phrase a lot when the market was a mess in '07-'08. Good times, or not, lol.

The folks who made a killing were the ones who hung onto their portfolios and kept adding money during the downturn.

The ones who got burned usually were trying to time the markets and when the markets kept going down, they got frustrated and pulled out before it turned back around.

Fascinating watching how different people responded during that time. Sort of like fight or flight when people are facing a crisis. They do the same thing with investing.

You haven't made or lost money until you pull it off the market. I only think long term, with the possible exception of Doge, which I really only wanted to use to pay for a playstation. hehe