Sanrith Descartes
Veteran of a thousand threadban wars
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Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
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Arden
Blackwing Lair Raider
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BTC and ETH aren't going anywhere and holding them long will eventually get you back in the green, even if we are descending into a crypto bear winter.
You can get killed on alt coins during a crypto winter though. Dozens and dozens of popular alts during the last crypto bull run disappeared as soon as the run ended. I mean disappeared completely, as in proof, they don't exist anymore.
I have significant alt bags while I'm saying this, for the record, so I hope we aren't going into a crypto winter. And if we are, I hope the coins I have make it out on the other side. I feel like alts with use cases are much more likely to survive a downturn than hype coins like the "animal" coins.
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Kiroy
Marine Biologist
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Kiroy
Marine Biologist
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it's pretty funny no one ever responds to you in the stonkhouse so you just respond to yourself over and over
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Sanrith Descartes
Veteran of a thousand threadban wars
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I already have my exit strategy set up. Hopefully this is a real bounce off of support and we move back up into the trough and I dump for profit.
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I think there are some alts that will survive... But it's the alts with more real use cases and such. RandoMcShitCoinNamedAfterSomeAnimal??? Not so much....
Sanrith Descartes
Veteran of a thousand threadban wars
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Arden
Blackwing Lair Raider
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One of the two alts I have has an extremely strong use case and I'm not really worried about it surviving. The other I have theoretically has a very strong use case, but I'm a little less confident about it surviving a crypto winter.
Tmac
Adventurer
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Tmac
Adventurer
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On the night of the 21st, this is where we stand w my technical prediction. Looks like I was two days late:
Looks like we're going down! Hopefully the manipulation will start and I'll be wrong. However, I did just add to my pot for less than I sold for in January, lulz.
James
Ahn'Qiraj Raider
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DeFi summer was last year, this is L2 summer which probably leads right into DeFi autumn/winter -- zkSync isn't even going live until August. Rollups are going to revolutionize DeFi, but it'll take some development. My personal bet is that this dip is over and we go sideways/up-ish for another month or so.
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Sanrith Descartes
Veteran of a thousand threadban wars
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Caliane
Avatar of War Slayer
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sure would have been nice to have taken gains, and re-in nowish..
outlook doesn't look great for the time being.
I also don't think we'll be waiting another 3-4 years like 2017-2021 to see confidence rebuild. I think the messaging is out, and by the end of the year, we'll have seen growth again.
I'm still up overall. Eth. btc is down. But, my Eth is also all locked into staking now.
outlook doesn't look great for the time being.
I also don't think we'll be waiting another 3-4 years like 2017-2021 to see confidence rebuild. I think the messaging is out, and by the end of the year, we'll have seen growth again.
I'm still up overall. Eth. btc is down. But, my Eth is also all locked into staking now.
Sanrith Descartes
Veteran of a thousand threadban wars
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Ethereum sitting right at the 200-DMA. This is probably providing some sort of support for BTC as well.
With the buying on BTC sub-30k it is probably shorts closing out their positions and taking profits. Be curious to see what happens when the shorts are covered.
With the buying on BTC sub-30k it is probably shorts closing out their positions and taking profits. Be curious to see what happens when the shorts are covered.
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Sanrith Descartes
Veteran of a thousand threadban wars
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