Cryptocurrency mega-thread
- Thread starter DapperJong
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Have been off the grid for 6 weeks, looks like the Ripple vs SEC case is drawing to a close. Will be very interesting to see what the outcome is, as it will have much wider implications for the crypto space as a whole.
Im not sure I would be calling any of those 2020 or 2021 levels we find ourselves at now as support. Not sure I know anything either, and wallet would agree with that. But I have been considering buying again when I havent bought for about 6 months.
But credit to you Evolved.... Single handedly keeping life in the crypto threads here.
I'm watching closely. Got my eye on the US PCE index print this Friday. If it's higher than expected, I think both crypto and the S&P 500 will break those lows in a nasty way.
I haven't bought back in yet, but plan to do so slowly over the coming months.
I haven't bought back in yet, but plan to do so slowly over the coming months.
- Jun 14, 2013
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I still think these are good long term value areas to buy. The most conservative estimate I've seen from someone who knows what they're talking about is a 55k BTC top in the next run, so you'd be looking at 280% gains for BTC and ETH in 3 years time as a minimum from here. If we dump more, good. Anything between 11 and 14k BTC, 500 to 800 ETH, 15 to 20 SOL would be an absolute steal in terms of risk/reward.
I agree with LongBombFromOutside50 that we probably do go lower. A descending triangle within a down trend doesn't illustrate strength. Interestingly, crypto held up pretty well against US stocks overnight. I wouldn't rule out a scam pump to save the monthly candle if inflation figures aren't horrible.
I agree with LongBombFromOutside50 that we probably do go lower. A descending triangle within a down trend doesn't illustrate strength. Interestingly, crypto held up pretty well against US stocks overnight. I wouldn't rule out a scam pump to save the monthly candle if inflation figures aren't horrible.
Still think we see a bottom towards end of year/early next, with a rally from these levels before then too. Bottom in the range we went to at the lows a couple of months back. Late 2023/early 2024 next bull run starts. Please don’t bookmark this
, it’s only a guess based on the current macro outlook.
Wouldn’t surprise, the Solana ecosystem crashes frequently and if NFTs are down significantly in volume on ETH, it’s likely a lot worse on Solana.
Not a fan of fractals in general, but don't you think it's too obvious?
We didn't get a massive blow off top in the 2021 bull run, so I've got a feeling that the final retracement to 12-14k that everyone is waiting for might not come, and many people will be left waiting on the sidelines buying in at higher prices.
- Jun 14, 2013
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- 15,685
- AFL Club
- Essendon
Yeah, maybe. I'm on the fence for now. I'd love to buy more lower for some long term holds.
I think crypto has probably had enough of a dump as is, but we're still bound tightly to US stockmarkets that are showing no signs of finding a bottom yet. Crypto will pump hard whenever the fed pivots, yet they've given no indication as to when that will happen even with mid term elections coming.
- Jun 27, 2020
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I'm stocking up on BTC at present, as it's a bargain and I believe there will be a bull run late next year.
Shupe
Brownlow Medallist
- Jun 21, 2011
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Finally managed to buy a house at a relatively decent price point all things considered. Kept a chunk on the sidelines and will start my DCA into BTC. Nobody will be able to pick the bottom. I think we go lower, but I'm not going to miss out waiting around.
Maybe occurs over the late December period when liquidity drops away (even lower than now). Could also continue in this boring sideways trend for a while longer until the Fed pivot.
I would be pleasantly surprised if they pivoted before March next year. Regardless, I’ll be stocking up some more $MC and ETH in the next few months to add to my staking bag.
