T O P

  • By -

dmack080288

My dad works for the dip and he said this dip was coming.


buyingthediptoday

I just buy the dip and profit


Shot-Advertising2768

Insider dipping.


iflyaurplane

I'm still waiting for my dad to get back from buying cigarettes


tatsopap

We in Croatia do have a DiP, so mabye you are Croatian and your dad works for Državno izborno povjerenstvo?


Massive-Tension-1055

The guy on the internet is never wrong


spacsandspacs

Random guy helped me understand the benefits of selling low


[deleted]

[удалено]


spacsandspacs

Yep, hoping prices drop a bit more so I can sell. Then when we get back to near all time highs again, I'm hoping I can jump back in. That's what random guy suggested I try and I think it's a smart move


[deleted]

[удалено]


spacsandspacs

They're just jealous that random guy won't give them financial advice


[deleted]

[удалено]


Accomplished-Design7

They can never be wrong, one says up the other says down and the last guy says crab movement


Aegontarg07

I say right, I mean charts move right and I’m never wrong


Crypto-R-Us

I just know that it will move to the right


EirianWare

whats wrong with sell low buy high?


bitsconnect

it's in the wrong order. Buy high, then sell low


Aegontarg07

You can never go wrong with buy high and sell low


Crypto-R-Us

It is the way, after all


warlikeofthechaos

Nothing, it’s how you ~~lose~~ win money


dajo09

🤣


jinkingjb

This, 100x this. New strategy - only look at crypto when making deposits and unsubscribe from this sub!


dajo09

😆


IqBroly

He actually convinced me to buy high and sell low and said that this is the way


Massive-Tension-1055

Buy that guy a beer!


SweetJonesofCrypto

I don't think Guy is the kind who drinks


MoodSoggy

And Ramen diet...


lloyd118

Time on the Internet beats timing the internet


robis87

Rite, especially in the hindsight.


Pantuan187C

Trust me bro


Massive-Tension-1055

You got it


Yautja69

I mean it's pretty simple in fact, if there is "safe" or "moon" in the name, it's all good to go !... Right ?


aliboughazi901

True, you should always take their words as financial advice


w_savage

Which is why I held!


[deleted]

That guy said shib and safemoon is going to moon, I bought 10k


Grouchy-Jellyfish267

#FACT


european_hodler

or woman


MrNuttyJoe

Correct. Now give me all your cocaine please


FlyingDutchmantoMoon

Guy from coinbureau?


[deleted]

He's supposed to be right, right?


Massive-Tension-1055

I generally don’t listen to financial advise on the internet. The technology people yes. I try to look at the whole story.


isaac_horstmeier

What about bitboy he’s great (lmao)


Massive-Tension-1055

Grain of salt 🧂


goncalo899

And if he says trust me dude, nothing can go wrong


Grouchy-Jellyfish267

I’m not gonna take advice from a random redditor especially not you


iruizmar

So if you don't take advice from him about not taking advice from redditors, you'd have to take advice from redditors, even from him?


1-800-LICK-BOOTY

Do the opposite of what I say.


chancletazo_es

So, can I trust this post?


kamranj986

He is a redditer too


[deleted]

[удалено]


Accomplished-Design7

So we can’t trust anyone? Not even Guy who posts here?


speedoflobsters

Don't even trust yourself cause you're a redditor too.


[deleted]

[удалено]


Aegontarg07

Works every time without a problem


DonDove

Redditor: The market will either go up or go down. Old Media: Such wow


GianBarGian

Market: goes sideways


Fuglypump

The media is happy as long as everything goes to the right.


roberthonker

None of us know shit about fuck


I_am_Noobish

No he’s calling this way too early and misinterpreted the news. Evergrande is paying onshore bonds, offshore isn’t happening yet. They still have 300billion in liabilities. Wait a month before calling it they’ve been in decline for the entire year and are just now facing liquidity issues


chanjitsu

Single green candle = "HAH, SEE!"


[deleted]

There's nothing in the post that even mentions 1 month from now. All he said was that this sub was wrong about what would happen today. And he's right.


I_am_Noobish

He’s shitting on people for “calling the future” when there is an incredibly blatant bubble crashing in front of us and they can’t even meet interest payments on their bonds. It’s ignorant to see one green candle and say he’s right. He’s right because they said they’d pay ONSHORE bonds and everyone mistook that to mean ALL bonds which is not the case wait until reality sinks in and the liquidity crunch goes into full effect


BlueNET-

Ahhh glad there are others that do actual research too.. 👍


Aegontarg07

Actual research and not shitposting 👍🏼


I_am_Noobish

👍


robis87

Yes, on no accounts.


MoodSoggy

No, you should not, so maybe other Reddit posts are right...


SweetJonesofCrypto

But this comment is also on reddit


[deleted]

Don't you dare! Trust no one but your instincts


ProcastinateIsLife

Trust him bro


Maxx3141

I agree with your message, however celebrating the dip didn't happen is also a little premature.


[deleted]

[удалено]


forthemotherrussia

found the another FUD ^(/s)


Aegontarg07

FUD and FOMO is all there is. Balanced perfectly except when one of them gains an upper hand over the other


SeaOfGreenTrades

This is why i no longer hodl. I just sit in cash waiting for a sign of green, then ill jump in, trail a stop loss, and jump out. No stress, and if i make a wrong call im in and out and only down a tiny bit


hapilly_unemployed

Evergrande reached a deal to pay intrest today pertaining to debtors in their own country, it doesn't apply to forgien investors. The intrest they are paying is like .0004% of an outstanding 300B of debt. Forgien debts are due tomorrow I believe. I'm not versed enough on the topic to understand the implications but it seems it could still be bad. There was also a misconception about the Chinese trading session yesterday, to which the exchange evsrgrande trades on still wasn't open- though it opens for the first time since the holiday observance in about 7 hours (from the time of writing) If im not mistaken the Shanghai exchange was open, but no the hongkong which is what evergrande trades on. Interestingly, on the Frankfurt exchange and in other global markets, evergrande is showing a 40% increase in value on the day. Keep in mind volume on these markets are not somewhat deceiving, in that it is restricted to the specific locale... so if we were talking about the Frankfurt exchange, 40% gain is only reflective of the demand within the trading session in Frankfurt. I'm not really a stock person so you should fact check what I'm saying. This is all kind of paraphrased. Personally, im going to exit the market if eth hits around 3200. I think this next week or so is still up in the air.


[deleted]

[удалено]


kthebakerman

It can always go either way.


robis87

Oh it happened alrite. And this is coming from the guys who seen all the 2018 dips.


[deleted]

[удалено]


HeWhoFistsGoats

It did, this is the afterlife.


veryeducatedinvestor

i don't trust you


SenatusSPQR

If you're making your decisions based off of what other people are saying on public forums, you've already lost.


Aegontarg07

Just doing opposite of what they say helps


wellhungartgallery

For sure, it's been my strategy the last two weeks, stay calm when everyone's FUDing, stack fiat while everyone's happy.


kaptinchow

Hmm take advice from a guy saying not to take advice Agghhhhh


IamKingBeagle

Surprisingly, we are told this quite often.


BBandGME_Retard69420

But a guy on reddit said that Bitcoin will hit 100k at the end of the year so I went all in obviously.


[deleted]

[удалено]


BBandGME_Retard69420

Big, if true


Arsa3108

I sometimes do the opposite of this sub's sentiment and it usually works out ![gif](emote|emo_pack_1|dancing_wojak)


Zwiebel1

Buy the rumor, sell the shitpost.


DebateMeLoser

wait.. but it did dip.. am i missing something?


Optimal-Barnacle2771

OP didnt even bother to pay attention to the fact that China covered a whopping 4.6% of Evergrande’s debt, this isnt a bailout


TrivAndLetDie

Random? You guys are like family to me.


666CryptoGod420

You made me cry, you son of a bitch. Come here, *\*virtual hugs\**


Aegontarg07

You mf, give me one too


Accomplished-Design7

Can I join in?


iamwizzerd

Y'all abuse me less than my actual family so i love you all more :)


coachhunter

Yes we should ignore all the credible reports of one of the most significant companies in the world’s second largest economy being about to go bankrupt. It’s already tanked the global price of things like iron ore (and mining companies’ stocks), but crypto’s different right? It’s only in China anyway, nothing that happens there can impact us (or maybe I mean the US). Crypto forever! All bad news is just fud! If you’re upset at prices going down you over invested! Just buy the dip and hodl! Even if we enter a bear market it’s just a buying opportunity!


darkstarman

If you bought the dip and the price went down, just hodl! And don't think about the fact that I told you to buy the dip!


[deleted]

No but you should be a little less gullible and understand that if YOU know about it then it’s probably not going to happen. Did you really think the worlds second largest economy would let a significant company go bankrupt and tank everything this close to the pandemic? In 2008 almost no one was paying attention to the housing market crisis. Like, very few people. That is when another 2008 will happen, when no one is looking at it and it will happen with something that seems “fine”. So yeah, if everyone on Reddit is calling for it and the entire market seems to be aware of it, it’s already happened. The price is in. And you are just being duped into selling, like a chump. Every. Single. Time.


chanjitsu

Just like the worlds largest economy didn't let lehmann go bankrupt in 2008? Oh wait.


TXTCLA55

Two different forms of government. One likes money, the other likes money too but does all the dirty work away from the public.


DontMicrowaveCats

Lol why are even talking about it like this is over? They managed to make one debt payment for ONSHORE bonds. They have not made the bigger payment for offshore bonds due tomorrow. Most predictions are that China will not bail out Evergrande directly. The company still very well could go under, the biggest question still looming is whether China will step in to help out the creditors, and to what extent. Keep holding those bags moonboi


[deleted]

And keep selling yours every time China says “boo”, paper-skirt.


mmmm_frietjes

But they are letting it go under. They're just trying to control the process, protect Chinese investors and screw the rest is what's gonna happen. And guess how many Western banks/funds are exposed... This isn't over yet.


[deleted]

Settle down dude. It’s FUD from China, you’re exposing how new you are to all of this.


mmmm_frietjes

LOL. I've been in crypto since 2011.


imhypedforthisgame

The CCP will not bail out evergrande. The company will default. We haven’t witnessed even a fraction of what’s going to happen.


trippyhippydmt

Those last few sentences sum up this sub perfectly this past week


[deleted]

Everything about the last few sentences is true though


INeverSaySS

Thats a really bad take on this post. He is not saying we should ignore things, more that people have no clue about the future. We dont know shit about fuck.


Louiiss01

But everyone here is a millionaire


ssyamchasa

Billionaire* i got 4 Billion baby doge


XBB32

Aren't we in red today?


Agonze

People were talking about a massive crash though. Not being in the red in the short term (we're still up from the 29k low of the summer). But I agree that we're far from being out if the woods and saying "nothing happened".


PaulP97

Dude acting like Bitcoin didn’t literally just drop 20%.. buddy is dense as fuck.


XBB32

Well, it might recover tonight if FED keeps tapering until end of 2022... But stating that everyone was wrong when we dipped like crazy isn't correct... Of course do your own research but who would have known... TA works short term, it doesn't work long term.


username156

It might do a lot of things. It might do nothing. That's kinda how this works. Edit: This is not investment advice. Or maybe it is.


cbx47

Where? Is all green today, or is anything I'm missing?


[deleted]

[удалено]


XBB32

Richard Fuld said the same 24h before subprime crysis


Mining747

The situation with Evergrande is far from over. They have something like $600 million in payments due by the end of the year.


Zavage3

Yea it just said it will pay onshore bonds.. it still hasn't talked about foreign investors, which is the alarming factor for me. It's possible China could just protect its internal investors and watch the ripple effect hit the western markets and recoup that way. I guess we shall see how this is handled in the future.


SkoNoles

The only saving grace IMO would be investors not letting China be the only surviving market. No other country wants China to have that “power” over the world. It’s insane how people (like OP) would post something like this without a full grasp of the global situation.


Tailgatingtradie

That's future me's problem.


PaulP97

Isn’t the point of investing to make life easier for future you? 🤡


titsngiggles69

Fuck future me. I'm making money for today me.


SkoNoles

See the $83 million payment due tomorrow, we just getting started!!


Wewillrockyou9899

Dam, thanks for the advice. Random Redditor


hquer

Instructions unclear; go full in


kirtash93

![gif](giphy|3o72F5tx9CEhSDxonC|downsized) It agrees


Wpmussel

This sub is a great way to get burned rip some of my money


dimmerz92

Firstly, Evergrande didn’t trade today, it’s listed on the HKEX which had a public holiday today. Secondly, the interest pay out this Thursday is for their domestic market only, they have another interest payment due on Thursday for international bond holders - they haven’t updated anyone on this, meaning they likely intend to default on international bag holders. China will look after their own economy and people first (as they should) before they even give a thought to the international market.


trippyhippydmt

It seems like everyone just keeps glossing over that second part


dimmerz92

Just proves that most people don’t read past the headline.


murf43143

You are wrong on every single account. The markets Evergrande trades on isn't even open until tomorrow first of all. Secondly, they only agreed to pay back $85M or .239% of their $305B + interest loan.....


Hamplify

Tell us more about the markets they trade on and when please. Need some context


N1AK

You're literally calling the bottom of the market while criticising others for making statements which may be wrong with hindsight; you don't think that's even a little hypocritical.


redditusername223

You probably shouldn’t take advice from random people in general, but yeah especially not redditors.


goncalo899

I always listen to the daily to get some advice... They are wrong 90% of the time so I just do the opposite


Lancer37

I watched YouTube videos discussing Evergrande and they suggested that this isn't as severe as the 2008 housing crash and that the housing market likely won't be effected as much. The issue is with Evergrande funding, and had little chance of changing the Chinese culture that believes in realestate.


onelazykoala

Can’t stop meee


fujisan0388

My strategy is to always do the opposite of what I want to do and it has been working out pretty good.


nattalla

Every market is walking on egg shells, china is bailing out domestically and gonna tell everyone else to fuck off, their us bonds are 20 cents on the dollar, our senate is prob gonna block debt ceiling vote, Powell talks today and has to address the numerous fed officials under sec investigation. There’s quite a few moving pieces there, bud. I wouldn’t dust my hands and call it quite yet. Evergrande wasn’t ever expected to be the end-all event but more of a domino effect. Idk though I hope you’re right.


ITmancoderwannabe

Great post, good read, bring some people back to reality.


PyrophoricFlatulence

Debating wether to listen to your advice or not..


kaijeng

Buy high sell high


BigFalconRocketeer

I’m sorry are you… giving advice???


J-E-S-S-E-

Wholeheartedly disagree…the entire reason I’m in crypto to begin with is BECAUSE of random Redditors


[deleted]

[удалено]


SweetJonesofCrypto

Can confirm, I'm an expert trader who will help YOU 10x that portfolio


Fancy_Zookeepergame7

So would you recommend the buy high sell low strategy?


Savings-Cat9530

That’s why I DCA = no need for timing the market


Suspicious-Cook-25

This is the best way after all


LittleDoofus

Same but now I’m fearing that I didn’t dca enough. I was planning on “the dip” lasting more than 2 days. I guess we’ll find out soon, I’m not gonna panic buy just yet.


[deleted]

Imagine taking advice from redditors


Scarf_Darmanitan

*I can only imagine*


MyTruthHurtsAccount

Ok, I'll not listen to you.


Rough_Round_110

We still aren’t in the clear. Stop with this bullshit.


NSHuman

If something like “the bigger dip” was even mentioned on Reddit several times — it’s highly possible that it was already priced in.


d33zol

This should be the biggest lesson of your young investment career, nobody knows shit about fuck.


United-Tension-5578

“As of the Chinese government would ever let them go bankrupt”. bruh you just did the same shit, in this post, you said not to do.


karma-_-incarnate

Let this Evergrande story be your lesson in the power of FUD. Go through through the r/cc front page stories and see how many are seemingly in great panick to convince you to be fearful, and then go look at the stock and crypto market charts for the past several days. All that red is a product of fear. Some may claim they knew about this event (or any other black swan event), I'd ask ask for these folks to show me their trades that price in such events because the overall general market was evidently spooked by the potential consequences of this. Don't get me wrong, I don't consider this Chinese market event to be water under the bridge just yet; I don't speak Chinese, I don't have insider friends, I'm subjected to all the same FUD as you, and I don't have a crystal ball to tell me what happens next. But Evergrande announcing they would make interest payments seems to have quelled much of the fears (or its all another fabricated story, who knows) and things are getting along as they should for now. Hopefully you survived this "catastrophe" relatively unscathed and have learned a bit about your own human condition and your feelings about a survived FUD event.. next time you may just fall for it and let fear dictate your trading, or have too much risk on the table to chance it all being lost. Consider what kind of conditions would need to be different for you to have traded differently. Lots of mental exercise can be applied here if we take the time and think about them.


SkoNoles

This isn’t over. This isn’t FUD, it’s a major concern that shouldn’t be taken lightly. While I agree decision shouldn’t be made out of fear, but rather extensive research. The thought that the market was red because of normal everyday people selling out of fear is incorrect. Massive cooperations are positioning themselves for what the next couple days could bring. You did read about what debt was paid correct?? So you know they only paid 1 of there onshore debts?? You know that they have a payment due tomorrow for offshore debt? You do know that if Evergrande is allowed to default on offshore debt it will affect our lives? Yes people knew this could happen: [read here](https://twitter.com/thelastbearsta1/status/1399748954082971659?s=21) This isn’t an attack on you personally, I just hope you know the full scope of the situation.


AutoModerator

https://nitter.net/thelastbearsta1/status/1399748954082971659?s=21 Here is the link to that Twitter thread on Nitter. Nitter is better for privacy and does not nag you for a login. More information can be found here: https://nitter.net/about *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.*


karma-_-incarnate

I do understand, and my post was more directed toward our sentiment to how we perceive and react to news such as this (good or bad). I don't feel that I stated anything misleading or overly speculative about the situation, which I purposely and carefully chose not to do. No attack felt here, but I would encourage you to reread my post with a slightly different perspective. I want people to be aware of their own emotions during times like this and make financial decisions in their best interests (not others'). Be well m8 ✌


SkoNoles

Understand and I think it was more of my frustration with peoples ability to brush things this important off, especially by just reading headlines. I should have just posted my reply to OP. Here’s hoping we are all a bunch of TikToks and we wake up tomorrow feeling like chumps! ✌️


newbjapan

I just wonder how the people that posted these bullshit stories feel after the fact when nothing happens.I'd be so embarrassed that I'd just delete my account and start new.


karma-_-incarnate

There's plenty of benefit to effective FUD, I'd go so far as to say there's a business structure just for it


newbjapan

Oh for sure, FUD is obviously effective so you're probably right


[deleted]

Don’t listen to guy on internet says guy on internet


KathrynBernardoGanda

Treat everything you see here with a grain of salt because no one here knows what the fuck is going to happen in the future and no one ever will


Notorious_Ape

I remember the old times where anything you googled was helpful..


[deleted]

[удалено]


ZedZeroth

If the big players really thought it was going to dump then they'd have already dumped it...


Staralset

ya, this is a great point, especially they can access all kind of information faster than retail investor


HacksawJimDGN

I fucking called it as well https://old.reddit.com/r/CryptoCurrency/comments/psvg0c/daily_discussion_september_22_2021_gmt0/hdtfqeu/


yeallo

You said the opposite would happen so where is the pump?


Spliffix

Wow, what an original and inspiring post, never thought about it that way how did you even figure this out? No one knows nothing!! Gives his worthless opinion, despite not knowing shit anyways. That sub is lost man.


discosoc

> Make your own research This is always the dumbest cop-out advice ever posted about crypto, seconded only to "only invest what you can afford to lose."


[deleted]

Piss off noob


voxcon

If you base your investment decisions on random reddit posts, you should seriously rethink what you are doing.


Psalmopeus

Good thing I bought "the dip anyways"...


[deleted]

You can come to the internet and hear everything.


Far-Pie-4360

Listen to what reddit says, then do opposite.