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  1. #3876
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    A 20% decline in one day and itís normal and healthy so where is the pain point? 50% in one day?

  2. #3877
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    the latest drawdown saw ~ 10% or 10 billion liquidated supposedly, 64k to 52k, back around 55k now.

    not a big deal, 100k seems very possible and conservative for this year, max keisers 220K i don't see.

    if the layer 1 money/hardest asset narrative plays out over the next decade, btc will be a multi hundred thousand dollar asset.

    as a 5/10% part of an overall basket of assets, holding something that no gov owns is very appealing to me.

  3. #3878
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    Quote Originally Posted by JimmyCarter View Post
    And in the interest of full disclosure, I am currently long BTC and ETH. They made me money back in '18 and I'm currently running about a 700% return in the past 12-14 months too.
    I'm just not a true believer and am in it (for now) just on market sentiment.
    Same. It's just a game like everything else, no reason to get all evangelical about it.
    I ski 135 degree chutes switch to the road.

  4. #3879
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    I'm in it for the tech! Hahahaha. Actually I do have some fun with the tech...the more I learn the more interesting it is tbh.

    Holding BTC, ETH and LINK. Many gainz, much wow.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  5. #3880
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    Quote Originally Posted by byates1 View Post
    the latest drawdown saw ~ 10% or 10 billion liquidated supposedly, 64k to 52k, back around 55k now.

    not a big deal, 100k seems very possible and conservative for this year, max keisers 220K i don't see.

    if the layer 1 money/hardest asset narrative plays out over the next decade, btc will be a multi hundred thousand dollar asset.

    as a 5/10% part of an overall basket of assets, holding something that no gov owns is very appealing to me.
    How many transactions or volume did it take to initially drop from 64>50? Itís where volume goes after the initial big move.

  6. #3881
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    Quote Originally Posted by Kinnikinnick View Post
    Bitards
    Cryptards.

    Sent from my Blackberry using Tapatalk
    OH, MY GAWD! ―John Hillerman  Big Billie Eilish fan.
    But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
    we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er

  7. #3882
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    Quote Originally Posted by 4matic View Post
    How many transactions or volume did it take to initially drop from 64>50? It’s where volume goes after the initial big move.
    Probably didn't take anything at all. I imagine that a number of Longs were opened when COIN was listed last week. Being smart, someone said "Lets wash the longs". Pitty those that got liquidated on exchanges with 10X+ margin allowances.

    If you are like TahoeJ and get a little coin, then you really are the 1%. Kudos to TahoeJ for actually taking some winnings.
    Last edited by puregravity; 04-22-2021 at 01:20 PM. Reason: spelling
    OH, MY GAWD! ―John Hillerman  Big Billie Eilish fan.
    But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
    we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er

  8. #3883
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    Quote Originally Posted by 4matic View Post
    A 20% decline in one day and it’s normal and healthy so where is the pain point? 50% in one day?
    Here's Kraken ADA/USD (Cardano) on Feb 16, 2021. It went from $1.20 to $0.156 cents in 24 hrs. The crash from $1.015 to $0.156 was almost instantaneous. An 87% decline after a good nights sleep dreaming of Lambos.

    Now imagine, you are that dude that bought at $0.20and put in a stop loss at $0.16 and was getting all cummed up watching it moon past $1.00. And the friends on the Telegram group told you to HODL and trust the leader "Cardano Jesus" that made millions and he says HODL.

    The next day, you wake up, it is Monday Morning and .... your stop loss was called. That's how it works.

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    OH, MY GAWD! ―John Hillerman  Big Billie Eilish fan.
    But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
    we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er

  9. #3884
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    Quote Originally Posted by puregravity View Post
    Here's Kraken ADA/USD (Cardano) on Feb 16, 2021. It went from $1.20 to $0.156 cents in 24 hrs. The crash from $1.015 to $0.156 was almost instantaneous. An 87% decline after a good nights sleep dreaming of Lambos.
    Name:  scwMYBN.png
Views: 241
Size:  55.6 KB
    Where's the evidence that happened?
    The pacifists always lose, because the anti-pacifists kill them.

  10. #3885
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    How Ďbout that Doge?


    Sent from my iPhone using TGR Forums
    Lots of Cream, Lots of Sugar

  11. #3886
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    even cumrockets has softened on todays news

    Click image for larger version. 

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  12. #3887
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    ^^^ This is where the refractory period begins.
    OH, MY GAWD! ―John Hillerman  Big Billie Eilish fan.
    But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
    we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er

  13. #3888
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    Quote Originally Posted by 4matic View Post
    How many transactions or volume did it take to initially drop from 64>50? It’s where volume goes after the initial big move.
    Let's just suppose you want to trust the crypto order books. Perhaps this tool will help:

    https://data.bitcoinity.org/markets/books/USD

    Combined order book: Orders sum in BTC required to move price by 1%. You can see as well for each exchange by hovering.

    Right now, on GEMINI 25 BTC will move the price +1% and 28 BTC will move it +3%. On Bitfinex, 281 BTC for +1% and 855 for +3%. It depends on buy vs sell. Also changes constantly. But somewhat rough idea of what the order books say. Pretty much meaningless unless you understand how easy it is for them to front-run or spoof.

    And why anyone would want to play wack-a-mole with bots is a mystery. In any trading, having your own targets and sticking to it pays better.
    OH, MY GAWD! ―John Hillerman  Big Billie Eilish fan.
    But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
    we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er

  14. #3889
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  15. #3890
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    LOL. That was pretty good. Here's one for laughs.

    OH, MY GAWD! ―John Hillerman  Big Billie Eilish fan.
    But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
    we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er

  16. #3891
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    Added BTC 50k. Have some more to go at 45k.

  17. #3892
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    Oh no! My beloved DOGECOIN.

    Could you see someone fleeing through airport security with $2B in gold? Didn't think so. Ergo, ipsum lorem, de facto, Bitcoin is digital gold. This is good for Bitcoin.

    Trader flees Turkey with $2bn in record crypto scam
    https://www.thetimes.co.uk/article/t...scam-3ndk5wwhg

    Turkish Crypto Exchange will be "Back Up Shortly"
    https://www.coindesk.com/turkish-sta...eo-disappeared
    Last edited by puregravity; 04-23-2021 at 02:12 AM. Reason: Fresh news. Photographed going through passport control at Istanbul airport.
    OH, MY GAWD! ―John Hillerman  Big Billie Eilish fan.
    But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
    we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er

  18. #3893
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    Quote Originally Posted by puregravity View Post
    Bitcoin is digital gold. This is good for Bitcoin.
    Indeed. Itís easy to see how society benefits.
    focus.

  19. #3894
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    Time to buy the dip.
    I ski 135 degree chutes switch to the road.

  20. #3895
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    Quote Originally Posted by LeeLau View Post
    Added BTC 50k. Have some more to go at 45k.
    I was figuring out the Coinbase Pro limit order and scored $50 worth of BTC at $49K! I'm a high fucking roller!!! Hahaha
    Lots of Cream, Lots of Sugar

  21. #3896
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    German investor Christian Angermayer—a 42-year-old billionaire who bears a not-negligible resemblance to Jared Leto in Blade Runner 2049—has made a fortune betting on a host of sci-fi-sounding finance fads. Among them: space travel, crypto, psychedelics, movies, weed, SPACs, and “life extension.”

    Those ventures have done pretty well for him. In the past year alone, seven companies Angermayer’s family office funded went public, raising a combined $1 billion; another 10 companies are slated to issue IPOs this year, according to Bloomberg Wealth. But in a recent profile, Angermayer cited a single experience as having paved the way for his billions: doing hallucinogenic mushrooms.
    ....

    In the ego death of his hallucinations, Angermayer “finally understood Bitcoin.”
    ...

  22. #3897
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    Quote Originally Posted by AKPogue View Post
    Where's the evidence that happened?
    Sorry. What do you mean? The data is right there in their trading feed. I took a screen shot when it happened. It is still in their trading feed.
    OH, MY GAWD! ―John Hillerman  Big Billie Eilish fan.
    But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
    we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er

  23. #3898
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    Quote Originally Posted by puregravity View Post
    Sorry. What do you mean? The data is right there in their trading feed. I took a screen shot when it happened. It is still in their trading feed.
    Is ignorance really bliss?
    The pacifists always lose, because the anti-pacifists kill them.

  24. #3899
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    Quote Originally Posted by AKPogue View Post
    Is ignorance really bliss?
    Not sure I get you. Sorry. Care to elaborate?
    OH, MY GAWD! ―John Hillerman  Big Billie Eilish fan.
    But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
    we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er

  25. #3900
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    Quote Originally Posted by puregravity View Post
    Not sure I get you. Sorry. Care to elaborate?
    I guess it must be.
    The pacifists always lose, because the anti-pacifists kill them.

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