Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
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If it's still influenced by stonks, we're in for more red tomorrow... ~2700 is next support.
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Big Phoenix
Pronouns: zie/zhem/zer
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Caliane
Avatar of War Slayer
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Sludig
Golden Baronet of the Realm
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With the few rallies in recent weeks i debated of i should try to be margin trading some of these 10% swings, but I don't have the collateral to do that much and after last night, now I'm just frightened for my paltry $1000 that's now sitting at almost 50% down.
Kiroy
Marine Biologist
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That seems likely to me as well. I've seen a couple of people who post on tradingview saying we're going all the way back to 600, but I don't think that's likely.
Personally I just wish I followed my instincts to sell at 4600. Though I probably would have bought back in in the mid 3K's, and then resold so... eh whatever.
EDIT (1:45PM PST): LOOK OUT BELOW! ETH blown through 2600 with free air to at least 2400 I think. If it goes through there, ~2K and then ~1700 are the next supports. BTC likely headed for 30K. I've seen theories that crypto is tracking stonks because people are pulling money out of crypto to give liquidity to the indexes, which sounds plausible, but then where is it all going? Straight to the dollar? No idea if that's what's really going on though.
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My read on things: we're in for tough sailing until at least mid-Feb. Keep an eye on alt-coin projects that weather the storm without losing a disproportionate amount of value relative to ETH. New(ish) projects especially, because if they're new and can weather this without folding that's a very good sign they can enjoy success when ETH/BTC reverses.
The 2 like this that I've been watching carefully lately (but making no moves, glad I didn't lol) are VADER and BTRFLY. I make no claims about their viability or goals, just their potential to ride a wave and make some scratch. BTRFLY especially is interesting as a play for when the market stabilizes IMO, but I've been burned before too. Running a liquidity pool calculation especially was returning crazy numbers due to BTRFLY's huge volume numbers, but not crazy enough to offset this downturn we're in which is why I didn't pull the trigger.
The 2 like this that I've been watching carefully lately (but making no moves, glad I didn't lol) are VADER and BTRFLY. I make no claims about their viability or goals, just their potential to ride a wave and make some scratch. BTRFLY especially is interesting as a play for when the market stabilizes IMO, but I've been burned before too. Running a liquidity pool calculation especially was returning crazy numbers due to BTRFLY's huge volume numbers, but not crazy enough to offset this downturn we're in which is why I didn't pull the trigger.
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swayze22
Elite
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I have long changed my twitter picture to a Steve Aoki ape that he purchased for 1,300 ETH. At the time I think it was around $4.2m.
My twitter profile picture has lost so much value i'm not sure what to do!!!!!
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Threelions
Victory Through Harmony
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It's tracking the market overall pretty hard, and what I'm seeing is the market continuing to drop on Monday - Wednesday, though there could be some cat bounces too, who knows? With that in mind, and our current price, I'd look at 2300 on Monday and failing that level 2000, and failing THAT level 1700.
Much lower than 1700 and we're off the map: there be monsters!
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Ravishing
Uninspiring Title
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Nobody knows anything. Markets could keep tanking... or not.
Good time to start looking for an entry imo, especially if you are ok holding long.
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Threelions
Victory Through Harmony
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Agreed, but even if you flip it, it’s so cyclical that if you can get in at a decent price for BTC or ETH you can obviously exit for a decent gain.
I play the long game myself.
Rajaah
Honorable Member
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I should just take off and sell all my ETH from orbit. It's the only way to fix everything.
Edit: I did it, but it probably won't accomplish much.
MATIC at 1.60 right now is a pretty good long-term buy, probably a lot better than ETH's price point, who knows though.
Gonna see what everything looks like on Monday afternoon before I buy back in.
Edit: I did it, but it probably won't accomplish much.
MATIC at 1.60 right now is a pretty good long-term buy, probably a lot better than ETH's price point, who knows though.
Gonna see what everything looks like on Monday afternoon before I buy back in.
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Tmac
Adventurer
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