Marty Posted November 24, 2018 Share Posted November 24, 2018 (edited) Ha It's just a market cycle, it's happened a few times over now and undoubtedly will happen a few times more. Every time no-coiners smugly proclaim bitcoin is dead and it never is. A lot more people and money in it this time around though, bigger bubble to deflate. Hard to know where it'll bottom really - can only speculate by looking at charts / market sentiment / fundamentals and upcoming catalysts, like bakkt. Edited November 24, 2018 by Marty (see edit history) Quote Link to comment Share on other sites More sharing options...
el_bandido Posted November 24, 2018 Share Posted November 24, 2018 Here we go! Just dropped like a stone again. Quote Link to comment Share on other sites More sharing options...
Tabz Posted November 24, 2018 Share Posted November 24, 2018 Here we go! Just dropped like a stone again. Where/when does it stop and go the opposite way. Btc below 4K usd and looking likely to drop some more Quote Link to comment Share on other sites More sharing options...
el_bandido Posted November 25, 2018 Share Posted November 25, 2018 Last time it did this, it took 4 years to recover. I think we are approaching capitulation. Quote Link to comment Share on other sites More sharing options...
Tabz Posted November 25, 2018 Share Posted November 25, 2018 Last time it did this, it took 4 years to recover. I think we are approaching capitulation. Not the news most want to hear or accept but with it likely to drop some more; it’s a potential opportunity to buy in for the long run. Quote Link to comment Share on other sites More sharing options...
el_bandido Posted November 25, 2018 Share Posted November 25, 2018 If people are putting money into crypto based only on what they want to hear, they deserve to lose money. I've got my buy orders set, but I don't expect it to pay off until at least 2021. Quote Link to comment Share on other sites More sharing options...
Marty Posted November 25, 2018 Share Posted November 25, 2018 Previous bear market took 400days before the bottom was in, then another 270days of ranging before actually turning a little bullish. Took another 500 from then to break previous all time high. In comparison we are about 340days in to this one. This time will be different though right? I mean it could be, but market cycles are market cycles at the end of the day. Quote Link to comment Share on other sites More sharing options...
el_bandido Posted November 25, 2018 Share Posted November 25, 2018 This will be very different. Crypto is almost entirely speculation, don't expect it to abide the stock market cycle in any rational way. Quote Link to comment Share on other sites More sharing options...
el_bandido Posted December 6, 2018 Share Posted December 6, 2018 Looks like my $90 buy order isn't far from being filled! Quote Link to comment Share on other sites More sharing options...
Tabz Posted December 6, 2018 Share Posted December 6, 2018 Looks like my $90 buy order isn't far from being filled! On what exactly? Quote Link to comment Share on other sites More sharing options...
el_bandido Posted December 6, 2018 Share Posted December 6, 2018 Eth, as mentioned in previous comments. I've got much bigger ones set at $70 and $55 Quote Link to comment Share on other sites More sharing options...
Tabz Posted December 6, 2018 Share Posted December 6, 2018 Eth, as mentioned in previous comments. I've got much bigger ones set at $70 and $55 Amazed to think it will actually fall to such lows Quote Link to comment Share on other sites More sharing options...
el_bandido Posted December 6, 2018 Share Posted December 6, 2018 Really? Why? I think we are reaching capitulation and when we finally do, it will take another dive. Quote Link to comment Share on other sites More sharing options...
Tabz Posted December 6, 2018 Share Posted December 6, 2018 Really? Why? I think we are reaching capitulation and when we finally do, it will take another dive. I’m just reminiscing on all the early 2018 predictions of ETH hitting all time highs of $5000+ only to see it where it is today. Quote Link to comment Share on other sites More sharing options...
el_bandido Posted December 6, 2018 Share Posted December 6, 2018 Except now we have a lot of people who (foolishly, in my opinion) bought in when it was hovering around $1000 and now they are sat on 10% of the value they put in. That's a huge amount of negativity and it will stop your average joe buying in, there is no external money buy pressure (like there was this time last year). It's a lot easier for it to collapse than it is to go parabolic again, particularly bearing in mind that this market is almost entirely speculation. I would not be surprised at all if we saw ETH down at $60 before this is over. That is an opportunity to make a lot of money in the next few years, anyone expecting a repeat of late last year any time soon is delusional. We may see a new all time high, but if we do, I reckon it will be in years. The days of making quick fortunes are over for now, just accumulate while it's cheap and wait. The best thing about this will be all the crap coins disappearing, so pick your projects carefully and keep a decent portion of your portfolio in the bigger players. Quote Link to comment Share on other sites More sharing options...
el_bandido Posted December 6, 2018 Share Posted December 6, 2018 This is hilarious, I've actually cancelled my $90 buy orders as I'm now absolutely certain we are going below 80 bucks for ETH. Quote Link to comment Share on other sites More sharing options...
Marty Posted December 7, 2018 Share Posted December 7, 2018 (edited) I'm starting to smell a bit of capitulation in the air, nearly time to slowly start scaling back into positions. Potentially expecting some sort of short squeeze first though. Edited December 7, 2018 by Marty (see edit history) Quote Link to comment Share on other sites More sharing options...
Dnk Posted December 19, 2018 Share Posted December 19, 2018 (edited) You have got to love the Crypto markets Edited December 24, 2018 by Dnk (see edit history) Quote Link to comment Share on other sites More sharing options...
Style Posted December 19, 2018 Share Posted December 19, 2018 It started a year to the day since BTC hit it's ATH. Likely to be a trap though Quote Link to comment Share on other sites More sharing options...
Sheefa Posted December 19, 2018 Share Posted December 19, 2018 Bear trap, small pullback only. Don't be fooled. Quote Link to comment Share on other sites More sharing options...
Tabz Posted December 19, 2018 Share Posted December 19, 2018 1st time I’ve actually made a healthy profit in almost a year, I’m delighted. Executed my order at $4k and now wait for the retrace back down to $3500-3550 maybe. That said, still a bullish sentiment in the air with many hoping for another leg up towards $4500-5k before a dump. Your thoughts Quote Link to comment Share on other sites More sharing options...
Style Posted December 19, 2018 Share Posted December 19, 2018 Nothing bullish about anything really, there's still zero incentive to buy. Like Sheefa said it's a bear trap, people will FOMO in and suffer the consequences if they don't get back out in time. Quote Link to comment Share on other sites More sharing options...
Tabz Posted December 19, 2018 Share Posted December 19, 2018 Nothing bullish about anything really, there's still zero incentive to buy. Like Sheefa said it's a bear trap, people will FOMO in and suffer the consequences if they don't get back out in time. Should have said ‘FOMO’ instead of bullish, either way there’s opportunities there. Biggest mistake of 2018 for me as a novice/newbie, was being advised to HODL [emoji1750]^[emoji3603] Quote Link to comment Share on other sites More sharing options...
Pete Posted December 20, 2018 Share Posted December 20, 2018 Biggest mistake of 2018 for me as a novice/newbie, was being advised to HODL [emoji1750]^[emoji3603] The biggest mistake was buying it. I'm expecting renewed interest in Crypto depending on what happens with this Brexit fuck up. Getting my money out of UK stocks/currency/bonds feels like a good idea right now. Quote Link to comment Share on other sites More sharing options...
Sheefa Posted December 20, 2018 Share Posted December 20, 2018 Should have said ‘FOMO’ instead of bullish, either way there’s opportunities there. Biggest mistake of 2018 for me as a novice/newbie, was being advised to HODL [emoji1750]^[emoji3603]Hindsight is a wonderful thing. HODL is definitely the right strategy unless you're a trader, have done FX course and the like and understand TA, albeit even that doesn't make much sense sometimes for cryptos! Ultimately if you believe in the tech behind each crypto then invest in those and stick to your guns, that's what I've done. I really do believe in NEO so still have all my substantial holdings despite being down 90%. I'll top up gradually too. It's easy to make a few ££ here and then trading cryptos, FAR easier to wipe all profits out and more by making the wrong call. Quote Link to comment Share on other sites More sharing options...
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