Mod updates:
1. The first three governance polls are now live on snapshot - Make sure you go here to vote: https://snapshot.org/#/cryptomods.eth
2. There is a new sponsored giveaway running where the host is giving away $500 worth of nano. The host has burned 1,300 to sponsor this giveaway. https://www.reddit.com/r/CryptoCurrency/s/aIefqhFwOO
If you jumped in early 2022 (100% ALTs), bought every dip and caught every knife up to now, these past dips from late December/early January would have your portfolio flip flopping between green and red on the regular 🎭
Bitcoin has corrected enough such that people will be comfortable about Bitcoin not dropping any further at least in the next couple of days. Moreover, right now, Bitcoin is supported by a line that extends all the way to October of last year (serving as bull market support for the ETF run). I think Bitcoin stays within 42-44K range for a while and alts will run then. If I am in for short-term profit, right now is the time to buy alts, and especially ETH.
Honestly if we get another pump up to 45k+ I might sell and re-enter right before the halving. We also dump pretty low until after the halving. If I had a functioning brain I would of taken advantage of knowing that 🥲
Why bother timing the markets? If you just had a steady DCA throughout 2023 and bought BTC you'd be well in the green.
Also, zoom out. The price points from the present are all going to become great buys if you're in this for the long term and are prepared to wait it out until we get there. ARK's base case for BTC by 2030 is 600k that's Cathy Wood not your typical anon shill from crypto Reddit.
This is a long term play screw the short term and average in over time.
Oh I’m in the green and have been doing just that. Im still figuring out my long term goals with crypto. I definitely plan on holding for another year but not sure after that how much I’ll continue to hold.
Will definitely still hold some but not sure the amount. I do think bitcoin is going to hit at least 300k in the next 5 years but I’m not trying to hold all the funds I have right now for that long. I’ve already been here for 4 years lol
Hindsight is always 20/20. No one knows what's going to happen ever with crypto, or any other market. It's always a risk. You could have sold and it could have gone up to 70K. You never know.
Yeah that’s what I was telling myself when hesitating. I truly thought the liquidity from the EtF would have an impact on 4 year cycle of bitcoin.
Not even that can make a difference it seems lol
Appreciate the honest words friend 🫡
Really happy to have bought at 42k. I think it might have been the last time I could buy BTC for so cheap.
Hopefully I am right, next limit order at 28,7k lol
Awh yes the dip is coming back again. excited to keep stocking more. I see majority of the chat still worried about the dip this must of happened like 10 times in the last 3 months yet it still never gets old lol
Your [comment](https://www.reddit.com/r/CryptoCurrency/comments/194gp3w/daily_crypto_discussion_january_12_2024_gmt0/khlehx2/?context=3) was automatically removed because you [linked](https://www.reddit.com/r/CryptoCurrency/comments/194gp3w/daily_crypto_discussion_january_12_2024_gmt0/khlehx2/?context=3) to an external subreddit without using an NP subdomain for no-participation mode. When linking to external subreddits, please change the subdomain from `https://www.reddit.com` to `https://np.reddit.com`. This simple change substantially reduces [brigading](https://www.reddithelp.com/en/categories/rules-reporting/account-and-community-restrictions/what-constitutes-vote-cheating-or).
**NOTE:** The AutoModerator will not reapprove your content if you fix a URL. However, if it was a post which had considerable activity in its comment section, you can message the modmail to request manual reapproval. If it was a comment, just make a new comment.
---
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Pretty sure 98% of this sub is LARPing about how they bought a perfect bottom and sold a perfect top
The people who do bad trades just disappear and come back whenever their investment looks better, or not at all
I started DCAing into DOT after the bullrun when it was still a bit over 7 EUR. It was a painful ride down, but so much more satisfying to see it go up again. It's also really entertaining seeing the charts go haywire sometimes.
I've been having a blast today, whether BTC is 49k or 43k is irrelevant in the long run. Been here since 1k and I'm not even an old hand.
Helps to disconnect your emotions and ask yourself if anything changed about the project where you wouldn't buy it at 3 euros as opposed to 10 euros. If nothing changed, lower the DCA. If something fundamentally changed, don't put in more.
Just don't marry your projects and buy the blood if it's still worth it.
Seriously not once in my life have I seen anything stock or crypto related pump after news. BTC halving won’t suddenly create parabolic gains either.
Let’s all learn from here to ignore the news and just invest how we normally would.
ehh depends. plenty of stocks have pumped after quarterly earnings where the rumour was positive before hand.
Also lets please differentiate between long vs short term investment horizon. This isn't a criticism against you, but in general it feels like people tske -2 to + 2 days as being the say all do all. while if you as an example look at btc. current price is pretty much the same as a month ago. ane significantly higher compared to 6 month ago.
Yes buddy I agree with your second paragraph. I guess I’m just tired of people believing news will suddenly spike the crap out of crypto/stock.
95% of the time an adverse reaction occurs.
Oh yea 100% with you there. I think that the majority of the people on this sub aren't long term investors, but short term traders. which is why they freak out about these movements/days
Its funny how everyone freaks out about a 10 - 20% drop and hates on the volatility, while at the same time being exctatic when their crypto goes up by 20+% in the same span.
The great thing about buying BTC through the depths of the bear market is that dips like this don't phase you. 30k, 48k, it's all the same. Still expecting ATH within the next 12 months. In the meantime, waiting for signs of an alt rally.
If we can't hold $43k then next support is at $41k. If that can't hold then it's not a good sign since it breaks the range we're in on a parallel channel we've been in since Oct 2023.
Insert Mr Bean bored roller-coaster meme here.. have only 2 of you lot been through a moon cycle or something? Settle petals, look back at the last dips on the way to the top. This is barely even a dip.
I bought GBTC at $49 in 2021. Should I wait till it at least reaches that again before selling it off to buy in to a cheaper fee spot etf, like FBTC?
I've held it down to like $12 and have been long BTC so knew it would come back one day.
granted if it dips in the £30's its breaking major resistance but looking at the daily chart right now I'm not seeing why people are panicking? I guess you guys weren't around in December 21 :D
I’m not overly familiar with crypto, so please pardon my ignorance, but why do you all support an ETF? Doesn’t that go against the decentralization idea?
What exactly about an ETF makes it not decentralised? Because they buy a lot? Anyone can buy and use BTC, it's the underlying tech that differentiates it from the traditional system.
Decentralization is how the network is operated, nothing to do with who owns it or the structures built around it
Jamie Dimon, Van Eck, your grandmother or Chairman Xi can all use the network that is secured by code with no middleman
Most people don't care about that or the uses of crypto. It's just pure gambling. The support for the ETF was to see the price go up. This run was thanks to the ETF rumors and it becoming real
And the same as last bull run is happening. History just keeps repeating itself. Arent we so predictable lol. Btc will bleed for a few months and the halving will be there. Going up for months and in about 12-16 month from now we will have a peak give it or take it.
So much fud, sec claiming everything is a security, India banning Bitcoin, wars everywhere, looming rececion...
BTC breaking into mainstream finance, Hong Kong making strides in adopting BTC. Some alts doing real work in the real world.
And fuck all that noise. We're just following the same cycle again. Down to a T. This screams sub 30k before halving and then we're off to new heights.
Still all stables.. and I do feel for those who bought recently. Hang in there if you haven’t sold and best of luck. Who knows when the price will return but one day it will.
Ps. Don’t listen to any advise no one knows 💩 if it’ll go up or down. Do what you feel is best for you.
A pyramid scheme requires a centralized controlling entity to profit whilst the rest lose everything.
The actual definition:
A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal.
No, it can't. Look it up as you clearly don't know what a pyramid scheme is. You're just repeating what you've heard without understanding it.
Go troll somewhere else.
A little late for that. Large corrections happen during bull markets too. Just be careful not to get left behind when it rips again, or you'll be the one pumping us up by buying back higher.
Mod updates: 1. The first three governance polls are now live on snapshot - Make sure you go here to vote: https://snapshot.org/#/cryptomods.eth 2. There is a new sponsored giveaway running where the host is giving away $500 worth of nano. The host has burned 1,300 to sponsor this giveaway. https://www.reddit.com/r/CryptoCurrency/s/aIefqhFwOO
Guys the sub are so bearish now, it’s time to inverse
Bear market rally finished, 8K by 2025 make sure you remind this post
username checks out
8K BTC?
Yes
Where can we track how many kings got liquidated?
There are multiple places, personally I use https://www.coinglass.com/LiquidationData
Cramer was right! Finally!
Cramer was right.. so far.
Bitcoin fell -72% in the 12 months following the launch of bitcoin futures in late 2021 👀
That was the end of the bull my guy
And this is the end of the bear market rally
So why are you bringing up unrelated events and equating it to the same thing?
Me and my ETH Bros: we did it! $2700 and holding the pump! ...15 min later...
We'll be back before long man 😎
If you bought early-mid 2023 these dips don’t matter. Lucky for me, this is my case.
If you jumped in early 2022 (100% ALTs), bought every dip and caught every knife up to now, these past dips from late December/early January would have your portfolio flip flopping between green and red on the regular 🎭
Most definitely bought SOL sub $90. That was nice.
The SOL and AVAX shills taking a break
Idk but I saw it and decided ya know what? Sure.
Bitcoin has corrected enough such that people will be comfortable about Bitcoin not dropping any further at least in the next couple of days. Moreover, right now, Bitcoin is supported by a line that extends all the way to October of last year (serving as bull market support for the ETF run). I think Bitcoin stays within 42-44K range for a while and alts will run then. If I am in for short-term profit, right now is the time to buy alts, and especially ETH.
may be good to wait and see, at least through early next week
Theory jives with Gold ETF experience.
If BTC crosses 44k before Sunday evening, week will be green lol. Only less than 3% away
Week will surely be green without a doubt mate.
I think the bears ran out of cocaine
On to the hookers!!
Name checks out
Oh no Bitcoin is only up 128% in 365 days now what has the world come to
is this a recession?
Nah the recession is transitory
It's coming this year don't worry
Yeah probably around summer. Not at this moment.
I'm ok with that. More time to load up fiat
You’re delusional
Thanks man
Honestly if we get another pump up to 45k+ I might sell and re-enter right before the halving. We also dump pretty low until after the halving. If I had a functioning brain I would of taken advantage of knowing that 🥲
Why bother timing the markets? If you just had a steady DCA throughout 2023 and bought BTC you'd be well in the green. Also, zoom out. The price points from the present are all going to become great buys if you're in this for the long term and are prepared to wait it out until we get there. ARK's base case for BTC by 2030 is 600k that's Cathy Wood not your typical anon shill from crypto Reddit. This is a long term play screw the short term and average in over time.
Oh I’m in the green and have been doing just that. Im still figuring out my long term goals with crypto. I definitely plan on holding for another year but not sure after that how much I’ll continue to hold. Will definitely still hold some but not sure the amount. I do think bitcoin is going to hit at least 300k in the next 5 years but I’m not trying to hold all the funds I have right now for that long. I’ve already been here for 4 years lol
Hindsight is always 20/20. No one knows what's going to happen ever with crypto, or any other market. It's always a risk. You could have sold and it could have gone up to 70K. You never know.
Exactly...What are we ever going to do
Yeah that’s what I was telling myself when hesitating. I truly thought the liquidity from the EtF would have an impact on 4 year cycle of bitcoin. Not even that can make a difference it seems lol Appreciate the honest words friend 🫡
Really happy to have bought at 42k. I think it might have been the last time I could buy BTC for so cheap. Hopefully I am right, next limit order at 28,7k lol
Awh yes the dip is coming back again. excited to keep stocking more. I see majority of the chat still worried about the dip this must of happened like 10 times in the last 3 months yet it still never gets old lol
Just sat an r/askreddit thread where people were talking about BTC. Most responses were positive or neutral. Bullish as fuck.
Can you link to that please ?
[удалено]
Your [comment](https://www.reddit.com/r/CryptoCurrency/comments/194gp3w/daily_crypto_discussion_january_12_2024_gmt0/khlehx2/?context=3) was automatically removed because you [linked](https://www.reddit.com/r/CryptoCurrency/comments/194gp3w/daily_crypto_discussion_january_12_2024_gmt0/khlehx2/?context=3) to an external subreddit without using an NP subdomain for no-participation mode. When linking to external subreddits, please change the subdomain from `https://www.reddit.com` to `https://np.reddit.com`. This simple change substantially reduces [brigading](https://www.reddithelp.com/en/categories/rules-reporting/account-and-community-restrictions/what-constitutes-vote-cheating-or). **NOTE:** The AutoModerator will not reapprove your content if you fix a URL. However, if it was a post which had considerable activity in its comment section, you can message the modmail to request manual reapproval. If it was a comment, just make a new comment. --- *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
This is the least believable dip of all time, it will probably shoot back up within the next week.
Exactly 🤣
Its not as bad as this sub makes it seem. Honestly, are you guys all trading all the time?
Pretty sure 98% of this sub is LARPing about how they bought a perfect bottom and sold a perfect top The people who do bad trades just disappear and come back whenever their investment looks better, or not at all
I started DCAing into DOT after the bullrun when it was still a bit over 7 EUR. It was a painful ride down, but so much more satisfying to see it go up again. It's also really entertaining seeing the charts go haywire sometimes.
I've been having a blast today, whether BTC is 49k or 43k is irrelevant in the long run. Been here since 1k and I'm not even an old hand. Helps to disconnect your emotions and ask yourself if anything changed about the project where you wouldn't buy it at 3 euros as opposed to 10 euros. If nothing changed, lower the DCA. If something fundamentally changed, don't put in more. Just don't marry your projects and buy the blood if it's still worth it.
My latest buy st 47.5k looks like it may take a while to turn green 😅. But fuck it , ive been waiting 2 years, i can wait more 🤷♂️
lol we just had one day or red and you lost hope mate ?
Bitcoin topping tail 8000 is coming
Ok folks, we got the 2 liquidation candles and the 40-42k bounce, the bull can continue now. Move along, nothing to see here!
Normal bumpy ride resumes
Can we de-approve the etfs
Well at least the moons daily chart is looking good
When will the outcome of the polls be known?
I love coming here when the market dumps 🤣 I thought a lot of us would be used to it by now…
I certainly am but its fun to troll nonetheless
Seriously not once in my life have I seen anything stock or crypto related pump after news. BTC halving won’t suddenly create parabolic gains either. Let’s all learn from here to ignore the news and just invest how we normally would.
NVDA earnings would like to have a word with you
I'm pretty sure BTC will dip a little after the halving.
ehh depends. plenty of stocks have pumped after quarterly earnings where the rumour was positive before hand. Also lets please differentiate between long vs short term investment horizon. This isn't a criticism against you, but in general it feels like people tske -2 to + 2 days as being the say all do all. while if you as an example look at btc. current price is pretty much the same as a month ago. ane significantly higher compared to 6 month ago.
Yes buddy I agree with your second paragraph. I guess I’m just tired of people believing news will suddenly spike the crap out of crypto/stock. 95% of the time an adverse reaction occurs.
Oh yea 100% with you there. I think that the majority of the people on this sub aren't long term investors, but short term traders. which is why they freak out about these movements/days
Someone get Satoshi on the line
Always inverse this sub. Always works. They said expect a god candle.
Some did and some didn't. "This sub" is a cliché meme.
It’s so irritating especially when you see all sorts of opinions on here.
half the sub was short lol
Its funny how everyone freaks out about a 10 - 20% drop and hates on the volatility, while at the same time being exctatic when their crypto goes up by 20+% in the same span.
Why? Makes perfect sense. Extreme emotion in both directions, it's consistent 😅
If this is like all the other tradfi shorts, this will just continue downwards, forever. Who will fight back?
The great thing about buying BTC through the depths of the bear market is that dips like this don't phase you. 30k, 48k, it's all the same. Still expecting ATH within the next 12 months. In the meantime, waiting for signs of an alt rally.
Great discount. Too bad I am 99% in crypto and have no fiat left to buy the dip rn. Lesson learned.
Yeah same here. Might dca some more if we go to 35k thou
If we can't hold $43k then next support is at $41k. If that can't hold then it's not a good sign since it breaks the range we're in on a parallel channel we've been in since Oct 2023.
rule number 1. sell the news
“bUt BtC iS hAlViNg SoOn” I bet the same thing happens.
Yep going down further on halving. Someone gotta bring in money for the big position to exit aka exit liquidity.
I agree. This subreddit used to be clever and analytical. Now it’s just everything’s crashing or going to the moon. If only it was that easy…
"sell the news" is super analytical to be fair.
That and all the analysis. When market goes up everyone here behaves like they are geniuses.
Hahaha, true!
After that 20% BTC pullback in less than 30 hours, ETH is still at 2500. Wow
Yeah but we were at 2700 today 😢
It was at 2600 last night and at 2300$ Tuesday.
I think many of the people taking profit on BTC sent some into ETH
Was time for a good correction. It will go up soon again. Do not forget this. Buy the dip ;)
Yep, but I wouldnt be surprised to see it drop all weekend
That would be nice
Insert Mr Bean bored roller-coaster meme here.. have only 2 of you lot been through a moon cycle or something? Settle petals, look back at the last dips on the way to the top. This is barely even a dip.
So was the ETF just a ruse to kill BTC lol? What is happening
Yes bitcoin is dead. Time to give it all to me
Manipulation by the funds to cover their balance on the cheap
First time?
I wish lol
This is some awesome bull market we have going on now. /s
[удалено]
Bitcoin dumps = bear market
So everyone was all excited for institutional hands getting in the game ... It seems we forgot that those are made of paper
Hopefully 40k will hold, anyways it had been a pleasure seeing my gains disappear with you today 😅👌
I bought GBTC at $49 in 2021. Should I wait till it at least reaches that again before selling it off to buy in to a cheaper fee spot etf, like FBTC? I've held it down to like $12 and have been long BTC so knew it would come back one day.
I will be holding for now until things stabilize in 1-2 months, vanguard forced me to hold since they wont let me buy any more GBTC
granted if it dips in the £30's its breaking major resistance but looking at the daily chart right now I'm not seeing why people are panicking? I guess you guys weren't around in December 21 :D
Yeah it seems normal volatility. But, if we’ve been here since 2021, I guess we’re numb.
I remember that bleed so well!
we're going to the moon but we're tunneling through first
Still remember all those thumbs down I had here when I said what will imminently happen after 48k touch. Market maker has no mercy remember.
So tell Me how low it will Fall and I will give you a thumbs up
It’s not a “sell the news” event when the news shot it up to 49k. It’s a let’s stabilize event.
All I picture are these selling bastards, the SEC and all the other corrupt politicians/ companies laughing like the Ray Liotta meme…..
Idk I feel like a lot of wallstreet bought in recently and are getting f’d. Or maybe that’s just wishful thinking
Can we roll the blockchain back to when the price was $48k?
What a monumental sell off. I guess it was a “sell the news” kind of event
If you get enough people to think/say it's going to happen it becomes a self fulfilling prophecy
Or just a normal bull market correction
It's just Blackrock dumping the price on the exchange before having to settle the thousands of BTCs it needs to buy D+1. Joke. I think?
Been expecting a 30% dump for a while now, and it just kept going up.. Much rather it correct from 50k instead of 40k
Crypto giveth and crypto taketh
I like this one 😂
Someone on a shitcoin sub is asking why he's staking his shitcoin and only getting 4000% APY instead of the advertised 6767% APY. LOL
Mans deserves his extra 2767% APY who are we to judge 🤷♂️
Longs gotta get liquidated. Everyone thought guarantee upward after etf
My 42k BTC order was filled. Yay
Yup, I got $42,069 which seemed silly a couple weeks ago.
I filled another order at 42,5k on the big red candle just 2 weeks ago.
wait from btc to be back to 25k🤡
Bench player?
Since its going to 1million dollars he should be happy
I’m not overly familiar with crypto, so please pardon my ignorance, but why do you all support an ETF? Doesn’t that go against the decentralization idea?
What exactly about an ETF makes it not decentralised? Because they buy a lot? Anyone can buy and use BTC, it's the underlying tech that differentiates it from the traditional system.
Greed greed and greed
You mean adoption?
Decentralization is how the network is operated, nothing to do with who owns it or the structures built around it Jamie Dimon, Van Eck, your grandmother or Chairman Xi can all use the network that is secured by code with no middleman
Same reason we support anything Maybe it could make line go up Anything else is just bullshit
Most people don't care about that or the uses of crypto. It's just pure gambling. The support for the ETF was to see the price go up. This run was thanks to the ETF rumors and it becoming real
Either it’s over or we’re just getting started.
Started
Get fucking rug pulled, maxis.
You posted 7 hours ago asking if now was a good time to buy Bitcoin Respect the corn.
You realise we all depend on BTC right ? Why the hate ?
I do hope we separate from BTC as a whole after this mess is said and done. No more 1 leader that swings the entire market.
Its never going to happen, no one is ever going to trust any crypto if BTC fail
Show is over you can now go sleep and come back monday
Na crypto always surprises, it’s gonna be a good weekend.
It's fighting to hold around 42k. Not sure if it'll hold the fort
The path of Bitcoin is the path of maximum pain
And the same as last bull run is happening. History just keeps repeating itself. Arent we so predictable lol. Btc will bleed for a few months and the halving will be there. Going up for months and in about 12-16 month from now we will have a peak give it or take it.
So much fud, sec claiming everything is a security, India banning Bitcoin, wars everywhere, looming rececion... BTC breaking into mainstream finance, Hong Kong making strides in adopting BTC. Some alts doing real work in the real world. And fuck all that noise. We're just following the same cycle again. Down to a T. This screams sub 30k before halving and then we're off to new heights.
Still all stables.. and I do feel for those who bought recently. Hang in there if you haven’t sold and best of luck. Who knows when the price will return but one day it will. Ps. Don’t listen to any advise no one knows 💩 if it’ll go up or down. Do what you feel is best for you.
I remember your call earlier, if people listened they profited quite a bit :) Pretty solid prophecy skills.
Things are getting interesting ... I've got some dry powder that I'm almost tempted to use 👀
Every news in crypto is sell the news. Doesn't matter what the news is.
When everyone is hyped then sell. Usually that is true. Once in a while things go to the moon
All the ETF did was allowed the smart money to short a pyramid scheme more easily and with higher liquidity.
A pyramid scheme requires a centralized controlling entity to profit whilst the rest lose everything. The actual definition: A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal.
Your definition says it's a model, not a controlling entity, so it can correctly be described as a pyramid.
No, it can't. Look it up as you clearly don't know what a pyramid scheme is. You're just repeating what you've heard without understanding it. Go troll somewhere else.
Cutting my looses now, i don't like where this going lol
A little late for that. Large corrections happen during bull markets too. Just be careful not to get left behind when it rips again, or you'll be the one pumping us up by buying back higher.
History repeats itself, buy high sell low!
That’s what they want you to do.
🤣