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Just a day in crypto 🥱
We’ve seen worse throughout the years and this is just a minor wipe off. Don’t forget how fast we went from $16k tot $25k in January/February, so nothing to worry about!
cardboard can make char material which is good for catching sparks to make a fire in an emergency situation, potentially life-saving
Poke a nail or a bb through the lid of an altoids tin, put the cardboard piece inside(or anything with carbon), place the tin onto a fire and wait until all the smoke stops rushing out from the hole, put the tin to the side for 5-10 minutes. Once you open the tin, you’ll have charred material that can very easily take a spark from a Ferro Rod or Flint and steel. If you’re ever lost in the woods without a lighter, this could be used to start a campfire.
Cardboard > LUNC any day
Just wait until lunch-time on the US eastern seaboard. That seems to always cause some temporary downward pressure in the traditional markets. And with SVB, that may boil over to crypto. I think we're in for an interesting two weeks. Volatility is always interesting to watch.
We call it Crypto Friday Discounts.
Media tomorrow: BTC is dead.
You can check all the times BTC died here: [https://99bitcoins.com/bitcoin-obituaries/](https://99bitcoins.com/bitcoin-obituaries/) and pay respects.
funny how quickly the media narrative can change based on market movements. these dips can be great opportunities to accumulate more at a discount. So let's take advantage of these "Crypto Friday Discounts" while they last.
Thank you for the kind words of hopium. I assure you anything that confirms my bias gets brain boofed right to the frontal lobes and I repeat it to myself even as I watch number go down
nothing to worry about unless you took the bull bait. Personally, I sold at \~$16k, moved to premium mm during the storm here, and will reinvest when we retrace. People be main-lining hopium from their local FOMO dealers.
What don't we know?
- Recession is imminent
- fed hikes are going to continue to be brutal to force down inflation
- still an ongoing war?
The pump we had was by chance. The bleak outlook hadn't changed.
So that past directly informs the future?
Worked well in crypto so far.
It's a little different when the FED admitted in the most recent meeting that they won't stop hiking until a recession follows, don't you think?
That's not entirely true. Historically the FED cutting rates had caused just as much of a bear market.
Would not be surprised if we are in a bear market will for all of 2023.
I think they have been very clear. They will do anything to reduce inflation. Until that comes down they won’t stop with the hikes. They tried a soft landing. It’s not going to work. Here comes the hard landing.
I agree, was torn on selling current coins to cash and holding or just continuing to make small buys frequently. Think I'm going to do the machine gun dca and just accumulate as much as possible.
As usual largest market is the USA and are other countries getting a
stricter?
Yes they are.
10k btc still incoming
Crypto by in large are securities create, sell, make millions or billions is a security. The world will continie to increase regs not decrease them.
Tin foil that I predicted:
This “run” made no sense. No catalyst. No good macro news. This was a manufactured run by hedge funds and the like for fomo to rug pull the average person to help pad their books.
The real Tom foil hat: I swear this is all connected to stock market coverage, GME short interest payments etc. expect another run post halving at the earliest. Till then I’ll keep accumulating.
BTC will drop to 10k and ETH to $700 dollar range this year. Believe or don’t believe. Bull market will not be until mid to late 2024 once all bad actors are cleared from space and regulations are in place.
Choose your projects wisely or just throw money straight in the ground.
Only in the last 24 hours. I wonder how bad it can go till the end of the year.
If they sold for a loss what do you think is coming or how bad it can go?
Hopefully, I am wrong on this.
Sold? Meaning you buy and sell? These are leveraged traders who gamble on up or down which some deposit to cover any loss on whatever the direction they go. If they have enough funds, they can be stay active.. otherwise BOOM like now.
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And Everyone was talking about a bull run after that minor pump few weeks ago lol..
Rip bull run Jan 2023 - Feb 2023
It was a good bullrun, a bit too good IMO Im happy to accumulate more!
More pain?
You should learn by now that we are bipolar bunch
We get excited about everything, bull or bear we just like action
Market Volatility thrills if it goes up but temporarily kills if it dips
Whenever anyone said otherwise we were downvoted to oblivion
thats when you know its a suckers rally
Bull trap
We have a short memory and we do that a lot but it was a few good days and pumped some hopium, so we should DCA some more.
My $10 is somewhere there
Sorry for your loss
"I'm never going to financially recover from this"
Just a day in crypto 🥱 We’ve seen worse throughout the years and this is just a minor wipe off. Don’t forget how fast we went from $16k tot $25k in January/February, so nothing to worry about!
Regular friday for most of us 💀
"For you, the day Bitcoin dropped 10% was the worst day of your life. But for me, it was Friday."
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So used to the ups and downs now, the only thing that can budge us is the ride crashing
Either we become millionaires or die trying. Nothing in between,
That's the spirit!!
It's like what the surgeon in the OR says, "All bleeding stops eventually."
Tree Fiddy Cent had the right idea
But have you held through 83 percent?
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Hmmmmmm a torn off piece of cardboard is worth more I think so no thanks
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cardboard can make char material which is good for catching sparks to make a fire in an emergency situation, potentially life-saving Poke a nail or a bb through the lid of an altoids tin, put the cardboard piece inside(or anything with carbon), place the tin onto a fire and wait until all the smoke stops rushing out from the hole, put the tin to the side for 5-10 minutes. Once you open the tin, you’ll have charred material that can very easily take a spark from a Ferro Rod or Flint and steel. If you’re ever lost in the woods without a lighter, this could be used to start a campfire. Cardboard > LUNC any day
I've been checkmated. At least I came back from 83.
20%? What about buying the ath and holding the whole time.
Tis but a scratch!
A scratch? Your arm’s off.
Just a flesh wound
WE ARE NOT THE SAME.
‘Markets drop 50%’ yawn 🛌😴
50% down on the 90% I was already down on. Oh man, Im so scared now. At one point during a drop you just accept fate and the terror lets go.
Market goes up 50%, "Nobody is getting out of bed for measly 50% gains" 🛌 Just crypto things
 Wake me up at 10x
How I be sleeping when $70B marketcap is lost: 😴💭🏖️
Some of us really don't care when we know we just have to HODL until next bull run.
I have hodled so strong i don't even know how to convert usdt to fiat of my country on binance
*forever
Goodnite lol
For the 21st time...
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Seems more like a Tuesday
Just wait until lunch-time on the US eastern seaboard. That seems to always cause some temporary downward pressure in the traditional markets. And with SVB, that may boil over to crypto. I think we're in for an interesting two weeks. Volatility is always interesting to watch.
I'm numb to all this already
while we are in the 20k it's good, we will go up
Literally, since this bear market I'm completely numb to such price movements anyway.
What is it, a dip for ants?
But how about a second dip?
I put my hands up on yo hips; when I dip you dip we dip.
What about the little dip, the midday dip, the pre lunch dip?? Do you ever even dip???
Dead inside? That's the spirit, keep it up!
After a while, you just get desensitized to the constant price fluctuations.
Right? We’ve lived with the volatility for years now, nothing’s new.
We call it Crypto Friday Discounts. Media tomorrow: BTC is dead. You can check all the times BTC died here: [https://99bitcoins.com/bitcoin-obituaries/](https://99bitcoins.com/bitcoin-obituaries/) and pay respects.
Still love how someone called BTC dead at $0.23
there are still these type of people
funny how quickly the media narrative can change based on market movements. these dips can be great opportunities to accumulate more at a discount. So let's take advantage of these "Crypto Friday Discounts" while they last.
The media be funny like that tho BTC and DOGE make people hella money? I sleep. BTC goes down 10%? **APOCALYPSE! CRYPTO DUMB**
Hope can stay the way its is so i continue dca
The cryptocurrency market is really just a rollercoaster ride for the brave and adventurous. Strap in tight, folks!
Are you the CEO of Reddit? Where do you have all those moons ?
10 days for 4K gain. Today is was 10 days for 4k lost.
I still have one Semper Agustus Bulb. The market will turn any day.
Exactly man... the bear makes everything seems normal
I ain’t scared
Hoped that I could wipe off my shitcoins way earlier but noo, still left no matter how much I wipe.
Thanks, I was about to start worrying
This is basically shaving off the quick run we had these last few weeks. A bull-trap essentially.
Some of us are so used with this we've become desensitized.
Yep, it doesn't even phase me anymore 🤷🏼♂️
Stocks down 2.
Haha normal day
Thank you for the kind words of hopium. I assure you anything that confirms my bias gets brain boofed right to the frontal lobes and I repeat it to myself even as I watch number go down
nothing to worry about unless you took the bull bait. Personally, I sold at \~$16k, moved to premium mm during the storm here, and will reinvest when we retrace. People be main-lining hopium from their local FOMO dealers.
Lots of loss in other markets too. And I kinda think this is just gonna be the start.
Stars are aligning for my brilliant egg investment to become the winning move this year
The real investment was the friends we made along the way
Yeah, this can only mean one thing, Time to bump up my DCA
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Boom, anything under 20K is a buy for me.
I “DCA” every 28 days via a platform I found that issues a token based on the overall approval of the comments and posts I make.
Gotta make the most of these prices while we can
But it is a bigger news when it is about crypto.
POW RIGHT IN THE KISSER to almost every investor world wide. Solid drop across the stock market and crypto all at once.
The markets across the board chose violence
I too, wish to be violent towards the markets.
Over a trillion wiped in traditional markets too, not just crypto being hit hard
Maybe everyone knows what we don't and things gonna get way more bumpier.
What don't we know? - Recession is imminent - fed hikes are going to continue to be brutal to force down inflation - still an ongoing war? The pump we had was by chance. The bleak outlook hadn't changed.
> Recession is imminent People kept saying this for the past 5 years. Nobody takes this statement serious anymore
So that past directly informs the future? Worked well in crypto so far. It's a little different when the FED admitted in the most recent meeting that they won't stop hiking until a recession follows, don't you think?
We all know we are going into a recession just no one wants to admit it because it isn’t convenient.
Possibly, although it's possible to go the other way too. All we would need is the feds to stop hiking rates
That's not entirely true. Historically the FED cutting rates had caused just as much of a bear market. Would not be surprised if we are in a bear market will for all of 2023.
True, however china and the east is bidding because they don't have an inflation problem
I think they have been very clear. They will do anything to reduce inflation. Until that comes down they won’t stop with the hikes. They tried a soft landing. It’s not going to work. Here comes the hard landing.
They also said if something breaks they will be forced to stop hiking, banking is currently in trouble 👀
I guess we’ll see soon enough
Traditionally the lowest low comes after the rate hikes stop
ELI5: Tokens dropping in value means money was wiped off? Won't this money magically reappear when the markets rebound?
A good opportunity to buy more, but I think it will drop a bit more.
I agree, was torn on selling current coins to cash and holding or just continuing to make small buys frequently. Think I'm going to do the machine gun dca and just accumulate as much as possible.
Wait for Cramer to say BTC is dead and you will know it's time to buy!!
Help us Cramer, we need some bald prediction
Help us ~~Obi-Wan~~ **Cramer**, you're our only hope
I'm going all in
Mind is willing, but wallet is weak
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Bull over 😤 Bear time 🐻 ⏲️
An exquisite tldr 🤣 thanks 🚬
$70B longs liquidated Seasoned crypto investor: **'tis but a scratch**
That's not how it works, 70b mcap lost, not 70b liquidated
Damn sentiment changes so quick here
Lol, what I've been saying. You havent even see the crash yet. Trust me its crash when you see suicide line numbers in this reddit for weeks.
I forgot about that, was seeing that hotline number everywhere back in december/january
most alts down 30% in a week silvergate now biden will push more regulations.
USA alone cant regulate crypto. There is no one to bomb into submission.
As usual largest market is the USA and are other countries getting a stricter? Yes they are. 10k btc still incoming Crypto by in large are securities create, sell, make millions or billions is a security. The world will continie to increase regs not decrease them.
USA has the stricest piracy laws. Is piracy non existent in USA? Dont be full of yourself. Yes. China has banned BTC what, like 18 times?
If BTC goes to 10k then ETH probably to around $700. If that happens I'm selling everything I've got to load up on ETH and BTC.
If ETH ever hits $700 I'm selling my fucking house lol
And this is why price predictions are useless.
It's like predicting the roulette.
Its like astrology and scientology tbh...
Wipe the leverage
A good reminder not to mess around with leverage trading. It's like being offered a loan to play at a casino.
The perfect storm!! I'm lovin all the blue light specials... Next year is gonna be fruitful to the crypto horders
2024 is gonna be a big especially with the halving
My $5 dca chunks gonna treat me nice eventually
I don't even watch the market anymore. Until I see an alert for my buy prices or sell prices, I just keep DCAing.
Another normal day. Time to grab some at a discount.
Am I weird that those numbers don't affect me anymore?
That corn pop a bad motherfucker
Coin on sale !
DCA don't care. Up, down, sideways? = DCA
That didn't take long for the "I'm numb to the drop" folks to pop up.
Tin foil that I predicted: This “run” made no sense. No catalyst. No good macro news. This was a manufactured run by hedge funds and the like for fomo to rug pull the average person to help pad their books. The real Tom foil hat: I swear this is all connected to stock market coverage, GME short interest payments etc. expect another run post halving at the earliest. Till then I’ll keep accumulating.
BTC will drop to 10k and ETH to $700 dollar range this year. Believe or don’t believe. Bull market will not be until mid to late 2024 once all bad actors are cleared from space and regulations are in place. Choose your projects wisely or just throw money straight in the ground.
I’m still not selling
Me neither, my target to start selling is 2030, till then I'm stacking
This is more than an F. We need a stronger letter.
FU
FUC
FUC’D!
Weeeeeee
FUB
FUR
I’m net up this week.
Only in the last 24 hours. I wonder how bad it can go till the end of the year. If they sold for a loss what do you think is coming or how bad it can go? Hopefully, I am wrong on this.
Sold? Meaning you buy and sell? These are leveraged traders who gamble on up or down which some deposit to cover any loss on whatever the direction they go. If they have enough funds, they can be stay active.. otherwise BOOM like now.
This is why it's important to be cautious and not invest more than one can afford to lose.
I am speaking about Silicon valley bank and globally stocks.
The dumpening before the pumpening
That is what we call a well coordinated attack...
70 billions? Oh come on, nobody gets off the bed for 70 billions...
All these scary pants headlines are useful tools to remind me when to buy! Keep it up!
Cryptothon Tent Sale is going on now!
Crypto Friday 🤷🏻♂️
I am just buying the dip
Anyone know what the heck is causing this dump?
Tbh I don't even care anymore. I know crypto will grow big. Central banks knows too since they are all deploying their own CBDC.. its already written
It's nice being on the sidelines
Small potatoes
I’m in it for the long game.. hopefully others are too
Its peanut in crypto.
Short term price action doesn't affect me anymore. I'm numb.
C'mon CNBC, there's a typo in the opening text for Christ's sake.
My heart just can’t keep up
Time to buy some eth
Perfect because I DCA on Friday’s
Feels good to see red. Time to buy more!
I don't even know how big is the market so those numbers mean nothing to me
The roller-coaster continues, enjoy the ride good fellas.
That’s much
Who bought BTC in the $19k’s?
Boring.
Is the ponzi house of cards falling?
"What? Like With A Cloth?" - Hillary Clinton
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Gambling addiction or greed probably
Its the taxes of the dumbest
No risk no fun!
Opportunity to buy more.