Bitcoins/Litecoins/Virtual Currencies

  • Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!



    Go here and give us your nominations!
    Who's been the biggest Asshat in the last year? Give us your worst ones!
Haus

Haus

<Silver Donator>
12,823
50,008
Jysin said:
Well, Bitcoin just shit the bed again (18.4k) after the bounce on the Binance / FTX news. Took equities down with it.
Click to expand...
I find it entertaining that you might think it's ONLY BTC shitting it's bed. ;) I'm suddenly glad I have been sitting on a pile of uninvested cash and too lazy to have put it anywhere yet.
 
  • 2Like
Reactions: 1 users
Jysin

Jysin

Ahn'Qiraj Raider
6,477
4,379
Binance out of the FTX deal.

Bitcoin new lows (16.3k as of writing)
 
  • 1Paper Hands
Reactions: 1 user
Jysin

Jysin

Ahn'Qiraj Raider
6,477
4,379
15:54 (US) SEC's Gensler: SEC will have a key role in overseeing crypto exchanges; Investors are getting hurt in crypto markets
- Crypto platforms should not be able to self-certify
 
  • 1Worf
Reactions: 1 user
karma

karma

Molten Core Raider
473
587
Jysin said:
15:54 (US) SEC's Gensler: SEC will have a key role in overseeing crypto exchanges; Investors are getting hurt in crypto markets
- Crypto platforms should not be able to self-certify
Click to expand...
lol hurt in crypto markets. Best they not ask Gravel about the equities markets!
 
  • 1Like
Reactions: 1 user
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
44,783
121,612
Jysin said:
15:54 (US) SEC's Gensler: SEC will have a key role in overseeing crypto exchanges; Investors are getting hurt in crypto markets
- Crypto platforms should not be able to self-certify
Click to expand...
Look how well their oversight works in the equities and bond markets. No investors getting hurt there.
 
  • 4Like
  • 4Worf
  • 1Solidarity
Reactions: 8 users
Arden

Arden

Blackwing Lair Raider
2,744
2,073
Haus said:
I find it entertaining that you might think it's ONLY BTC shitting it's bed. ;) I'm suddenly glad I have been sitting on a pile of uninvested cash and too lazy to have put it anywhere yet.
Click to expand...

Bingo. Finally moving some of the cash I've been sitting on. Trying to be patient and buy in chunks but it's hard when shit is on sale
 
  • 1Like
Reactions: 1 user
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
44,783
121,612
Arden said:
Bingo. Finally moving some of the cash I've been sitting on. Trying to be patient and buy in chunks but it's hard when shit is on sale
Click to expand...

1668029158130.png
 
Arden

Arden

Blackwing Lair Raider
2,744
2,073
Arden said:
Agreed, interest in NFTs and retail interest in crypto has cratered and big growth tech stocks are down at least 50% on the year. None of that stuff is deniable. I don't think we are quite at the bottom though.

Interest in big growth tech stocks and crypto is minimal, but it's not completely fucking dead- and I think that's what Burry was saying needs to happen. Plenty of people are still holding on, assuming we will get a bounce back in the near future because they have recency bias. I think the timeline needs to lengthen a little more and those people need to get shaken out before we truly hit the bottom.

Personally, I see a lot more volatility in the future....

So no, I personally don't believe we have quite hit the bottom. It's not just that things are bad- you can build a better economy on top of a shitty economy, as long as things are relatively stable. Things are still far too volatile to start rebuilding imo.
Click to expand...

Posted that 10/22.
 
Haus

Haus

<Silver Donator>
12,823
50,008
reavor said:
Might be time to buy the dip
Click to expand...
I keep feeling like we haven't seen the bottom yet. That part of me that wants to see people on crypto twitter openly posting videos of them crying and .. as they would say... capitulating.
 
wormie

Asshat wormie

2023 Asshat Award Winner
<Gold Donor>
16,820
30,968
Being below mining costs implies that bitcoin sellers think bitcoin are worthless. And there seem to be quiet a few sellers.
 
  • 1Picard
Reactions: 1 user
Arden

Arden

Blackwing Lair Raider
2,744
2,073
Haus said:
I keep feeling like we haven't seen the bottom yet. That part of me that wants to see people on crypto twitter openly posting videos of them crying and .. as they would say... capitulating.
Click to expand...

This is pretty much what Burry was saying we need to see before we see the true bottom. Tears and people swearing off crypto for life.

That said, I'm still trying to average down. I'm not confident that I'll be able to actually time the true bottom, so I'm going to be happy getting close.

The crypto bounce is going to be so fucking spectacularly big it won't matter if you caught the absolute bottom
 
You must log in or register to reply here.