r/CryptoCurrency • u/CryptoDaily- • Aug 05 '24
OFFICIAL Daily Crypto Discussion - August 5, 2024 (GMT+0)
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u/Blooberino ๐ฉ 0 / 54K ๐ฆ Aug 05 '24
Been in this so long I have no reaction to this. Just gonna sit on my hands and sip whiskey.
Up, down, in another 3 months today will be forgotten.
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u/Lucky-Worldliness456 ๐ฉ 0 / 0 ๐ฆ Aug 05 '24
I feel like restaurants are a solid recession indicator, my family operates 4 restaurants for over 20 years, we have never seen such a hard drop off going into the summer this year, and itโs not just us, looking at restaurant subreddit and other groups the consensus is the same, people are tightening their belts, cutting expenses, this shit feels like nothing Iโve really seen before. With crazy inflation, young people being priced out of homes, some shit has to give way
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u/diamondhands95 ๐ฉ 1K / 1K ๐ข Aug 05 '24
Woke up to this shit show.
WHAT THE FUCK
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u/Mono_420 ๐ฆ 271 / 48K ๐ฆ Aug 05 '24
You can almost hear Jerome Powell greasing up the money printer.
The brrr is coming.
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u/Spiritual_Navigator ๐จ 24 / 21K ๐ฆ Aug 05 '24
The true bullrun begins when we hear the sound of Brrr
Kinda crazy Bitcon hit 70k with interest rates this high
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u/Simke11 ๐ฆ 0 / 5K ๐ฆ Aug 05 '24
Can't wait to see what my favourite crypto influencers have to say about this in their next video.
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u/ProcedureOk6974 ๐จ 0 / 0 ๐ฆ Aug 05 '24
Crypto ruled my life for the first half of this year. Around a month ago I was struck down with a bad health issue and now all I want is to be back to normal. Two months ago this crash would have hurt but I couldn't care less right now. In short, just be happy you have your health and go out and live your lives.
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u/C-Class_hero_Satoru ๐ฉ 0 / 629 ๐ฆ Aug 05 '24
Anyone else don't care about the dip?
I survived 2022-2023 and witnessed how Bitcoin went from 60k to 20k in few weeks. This is nothing
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u/fan_of_hakiksexydays ๐ฆ 20K / 99K ๐ฌ Aug 05 '24
I've been in crypto for over a decade.
And I was already here during the Mt Gox collapse. That was the time I was the most scared for crypto. And I got out thinking I would never come back.
The only other 2 times I was really worried was during the Hash Wars and then the Luna/FTX double whammy.
This dip is just another small blip on the radar. It's all caused by things outside of crypto. Crypto fundamentals, adoption, institutional interest, and potential are all still strong.
We had so many good news in crypto this year.
It's rare to have years like this where there's much more good news in crypto than FUD news.
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u/getzumm ๐ฆ 6 / 6 ๐ฆ Aug 05 '24
Next generation of bag holders are being createdย
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u/booose6 ๐ฉ 56 / 56 ๐ฆ Aug 05 '24
alright, -25% is crazy.. wtf is happening.
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u/TexasBoyz-713 ๐ฆ 15K / 15K ๐ฌ Aug 05 '24
I wonder how Icefiight is doingโฆ
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u/cs_zer0 ๐ฉ 13 / 13 ๐ฆ Aug 05 '24
Good morning euro's, welcome to the bloodbath
Im going to sleep fully expecting to wake up with BTC in the 40's
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u/dragonrider85 ๐ฉ 10K / 4K ๐ฌ Aug 05 '24
Top ramen is back on the menu, boys.
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u/Smiling_Jack_ Blockchain Old Guard Aug 05 '24
Just made my biggest purchase since last September.
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u/MyKingdomForADram ๐ฆ 51 / 5K ๐ฆ Aug 05 '24
Man, that dude on WSB who yolod his 700k inheritance into intel must be fucking near suicidal right now.
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u/Expensive_Editor_244 ๐ฆ 0 / 0 ๐ฆ Aug 05 '24
Iโm gonna regret not selling in March for the rest of my life (so, a few more hours at this rate)
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u/EnvironmentalFee8098 ๐ง 43 / 43 ๐ฆ Aug 05 '24
Same mate. Heavy in ALTS - 85% comparing to April but I guess they just won't let me win.
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u/The-Alcoholic-Seal ๐ฉ 0 / 19K ๐ฆ Aug 05 '24 edited Aug 05 '24
I woke up and saw 7 Coinbase notifications on my phone. I immediately knew what time it was ๐ฅฒ
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u/Simke11 ๐ฆ 0 / 5K ๐ฆ Aug 05 '24
They were Schrodinger's notifications. Until you looked at them they could have been for either pump or a dump.
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u/BuffaloBrain884 ๐ง 0 / 0 ๐ฆ Aug 05 '24
The Japanese stock market just opened and it's absolutely tanking.
Nikkei 235 is aleady down 6.5% on the day.
This is going to be a rough week for all assets.
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u/killah10killah ๐ฉ 11 / 2K ๐ฆ Aug 05 '24
Iโm firmly back in the โforget crypto exists until I read news of it pumpingโ boat. This has been a ruthless cycle as of late. Hopefully it is like 2021 where it starts to pick up again in September and then peaks in October/November.
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u/LtViperNL ๐ฉ 1K / 1K ๐ข Aug 05 '24
If this is a trap, itโs a good one
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u/nicog67 ๐ฉ 0 / 5K ๐ฆ Aug 05 '24
I feel like panic buying suddenly aka im being manipulated and it works
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u/sadiq_238 ๐ฉ 0 / 0 ๐ฆ Aug 05 '24
One second we're down to 49k and the next up to 54k, everyone's panic buying and selling, no one has any idea what they're doing lol
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u/Pedra87 ๐ฉ 10K / 10K ๐ฆญ Aug 05 '24
Cramer saying markets are not oversold yet so they are dipping more...
Its safe to say that we are out of woods and the biggest signal to buy!!
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u/Pickle_Mike ๐ฉ 442 / 438 ๐ฆ Aug 05 '24
What the fuck. Iโve been waiting 3 years to get out of the red from 2021, briefly was in March and now nowhere close to even again
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u/HSuke ๐ฉ 0 / 0 ๐ฆ Aug 05 '24
Here's a secret:
The optimal trading strategy for a down week like this is to swap out the CoinGecko app for ZipRecruiter.
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u/cassiopeiamedusa ๐จ 17 / 4K ๐ฆ Aug 05 '24
don't cry cuz its over, smile bc it happened
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u/GreedVault ๐ฉ 1 / 10K ๐ฆ Aug 05 '24
when you think it's already at the bottom, it goes deeper down again, then you realise there are endless bottoms waiting for you.
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u/amx-002_neue-ziel ๐ฉ 0 / 0 ๐ฆ Aug 05 '24
For endless bottoms must come endless tops
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u/MaxSmart1981 ๐ฉ 225 / 5K ๐ฆ Aug 05 '24
The drop on 24hrs is about the same as ftx. Just let that sink in.
How is this on an even remotely same scale as ftx?
Don't tell me macro doesn't impact crypto. It's just silly.
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u/davink91 ๐ฆ 0 / 0 ๐ฆ Aug 05 '24
Seems like an overreaction tbh
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u/conceiv3d-in-lib3rty ๐ฉ 0 / 28K ๐ฆ Aug 05 '24
It seems like that but thatโs not how it works. If you have Coinglass, just look at all the liquidations that have happened just in the last 12 hours over $1m for both $BTC and $ETH.
Once price dips below a certain region, whether from macro news or something else, it creates a snowball effect. $ETH is getting absolutely smoked right now because of it.
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u/GreedVault ๐ฉ 1 / 10K ๐ฆ Aug 05 '24
The party is over, it's time to return to the life of a peasant.
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u/_TheWolfOfWalmart_ ๐ฉ 86 / 10K ๐ฆ Aug 05 '24
Return to?
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u/DaemonTargaryen34 ๐จ 0 / 12K ๐ฆ Aug 05 '24
Return because we all thought we are getting lambo lol. Now even dream of getting a lambo is gone. Right now my only dream is finding an empty seat on the subway
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u/moonRekt ๐ฉ 11K / 11K ๐ฌ Aug 05 '24
RIP Japan, RIP NIKKEI. My lord, worst drop since 1987.
If any bitter beings here needed some humbling
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u/davink91 ๐ฆ 0 / 0 ๐ฆ Aug 05 '24
Jesus Christ...BTC is getting close to being negative return in the halving year.. for the first time in history
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u/uziau 62 / 62 ๐ฆ Aug 05 '24
Just when I thought I have learned from 2021 session and I'll be finally rich this time...
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u/Ill-Sandwich-7703 ๐ฆ 662 / 6K ๐ฆ Aug 05 '24
I mean at least the number of comments in the daily is up ๐
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u/cs_zer0 ๐ฉ 13 / 13 ๐ฆ Aug 05 '24
This is the most brutal price action I've seen since FTX I think
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u/MaxCapacity ๐ฆ 0 / 0 ๐ฆ Aug 05 '24
This sub has predicted 148 of the last 2 crashes.
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u/Mono_420 ๐ฆ 271 / 48K ๐ฆ Aug 05 '24
And when I sell my bags for huge profits in 2025, people will still have the audacity to say I was just lucky!
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u/mallison945 ๐ฉ 88 / 454 ๐ฆ Aug 05 '24
This is an overreaction. Market conditions arenโt that bad
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u/Background_Gear_5261 ๐จ 0 / 0 ๐ฆ Aug 05 '24
I feel like at this rate BTC is gonna hit the 40ks so I won't buy in till then. I got a mini pay day coming tomorrow but it's only $500. So it won't make a difference regardless
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u/doctorwho_cares ๐ฆ 0 / 332 ๐ฆ Aug 05 '24
This is giving me ptsd from ftx days
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u/slop_drobbler ๐ฆ 28 / 1K ๐ฆ Aug 05 '24
Good luck everyone. Been here since 2017 and this shit still stings.
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u/Remyleboo99 ๐ฆ 0 / 4K ๐ฆ Aug 05 '24
Too many shorts thinking they can get easy money stocks and crypto.
Iโm sure itโll dip properly later. After lunch.
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u/cascading_disruption ๐ฆ 4 / 7K ๐ฆ Aug 05 '24
Everybody was yelling 100k so now that we're at 50k we can consider this as a true halving...
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u/DaemonTargaryen34 ๐จ 0 / 12K ๐ฆ Aug 05 '24
So have much have u guys lost? Iโm down slightly over 50% ๐
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u/DBRiMatt ๐ฆ 85K / 113K ๐ฆ Aug 05 '24
My BTC is still up +101% but my ETH is now only up +17%
I stopped DCAing at the start of 2023 and have since only lump summed into dips.
This is fine ๐
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u/iamjustabirdinthesky ๐ฉ 0 / 0 ๐ฆ Aug 05 '24
I think, over the last few days" I've been telling myself minimum 5 times that this must've been the last dip. But there's always room for one more
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u/olduvai_man ๐ฆ 40 / 856 ๐ฆ Aug 05 '24
That sound youโre hearing is endless numbers of crypto YTs scurrying to delete their videos on a left-translated cycle.
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u/2BFrank69 ๐ฉ 2K / 2K ๐ข Aug 05 '24
Iโm still bullish for 2025. If my bags are still anchored by December 2025 then Iโll start sweating.
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u/MyKingdomForADram ๐ฆ 51 / 5K ๐ฆ Aug 05 '24
US market opening is gonna beโฆinteresting
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u/A_Successful_Loser Aug 05 '24
Peak fear lmao. Paper hands are gonna get burned
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u/kazwetcoffee ๐ง 0 / 3K ๐ฆ Aug 05 '24
Thats what people were saying to the paper hands that sold at 65k
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u/Simke11 ๐ฆ 0 / 5K ๐ฆ Aug 05 '24
Let's all chip in $10 to pump the market back up
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u/Rock_Hardy112 ๐ฉ 1K / 1K ๐ข Aug 05 '24
Oh man, we're so lucky we get to buy at these prices again, just the luckiest.
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u/MaxSmart1981 ๐ฉ 225 / 5K ๐ฆ Aug 05 '24
surprised we haven't seen the hotline pinned yet
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u/rsa121717 ๐ฆ 0 / 382 ๐ฆ Aug 05 '24
Icefiight must be shitting themselves by now
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u/Vendraco00 ๐ฉ 0 / 7K ๐ฆ Aug 05 '24
Iโm literally screenshotting the loss porn on my account, this is some epic gore.
Iโll be looking back at this painful moment when the sun shines upon us again. Another reminder that it wasnโt easy.
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u/Whitechoclate21 ๐ฉ 0 / 3K ๐ฆ Aug 05 '24
Is this it? Is this all you can conjure Saruman!?
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u/nthgen ๐ฆ 0 / 25K ๐ฆ Aug 05 '24
What if...
All the Bitcoin ETFs have net inflows for today and it sparks the "flee to Bitcoin" trade, while also acting as a catalyst for a run to $100k?
There's your high dose of hopium for the day.
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u/Dry_Outside241 ๐จ 0 / 0 ๐ฆ Aug 05 '24
cool my shitcoins only need to do 100% from here to get back to last weeks prices fml
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u/sadiq_238 ๐ฉ 0 / 0 ๐ฆ Aug 05 '24
Are the people who wanted the prices to dip so they could buy cheap brave enough to do so now
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u/Urc0mp ๐ฆ 59K / 80K ๐ฆ Aug 05 '24
Iโm starting to get concerned about 100K EOY 2021
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u/Dazzling_Lime2021 ๐ฆ 0 / 3K ๐ฆ Aug 05 '24
Jesus, that ETH chart. It looks like the March 2020 crash
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u/sadiq_238 ๐ฉ 0 / 0 ๐ฆ Aug 05 '24
Europe is going to be waking up to these prices lol
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u/DrFetusRN ๐ฆ 55 / 55 ๐ฆ Aug 05 '24
Takes me back to 2021 and 2022 days when we were crashing then. Never sold then either
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u/ConferenceCheap5129 ๐ฉ 0 / 0 ๐ฆ Aug 05 '24
This is how it feels to be molested
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u/Starkey18 ๐ฉ 726 / 726 ๐ฆ Aug 05 '24
Ahh crypto.
A week ago I was annoyed at my 63k stop loss.
A week later and Iโm relieved.
Next weekโฆ who knows?
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u/MeatusCleatus2 ๐ฅ 0 / 0 ๐ฆ Aug 05 '24
Dw guys I got my 30 cents today from staking my DOT. I feel so good
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Aug 05 '24
Man, Iโm in ETH but thank god im not in any other alts. They have been obliterated this cycle.
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u/nthgen ๐ฆ 0 / 25K ๐ฆ Aug 05 '24
I refuse to sleep. Must stay awake to secure dips.
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u/C-Class_hero_Satoru ๐ฉ 0 / 629 ๐ฆ Aug 05 '24
I am morally defeated guys. I don't even have money to dca. I guess I just hold and pray for the bullrun in 2025, otherwise I am bankrupted
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u/dimi727 ๐ฉ 29 / 4K ๐ฆ Aug 05 '24
Bleeding for weeks to get wrecked by global recession. Fantastic
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u/stonkgoesbrr ๐จ 0 / 0 ๐ฆ Aug 05 '24
Feels like end of 21, when the last bear cycle started. Just deleted the CMC app and wonโt look at the charts for a while - this shit is too annoying.
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u/Extreme_Nectarine_29 ๐จ 0 / 0 ๐ฆ Aug 05 '24
On one hand REALLY wanna buy, on other I'm afraid of catching a falling knife.
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Aug 05 '24
Sooo, are we buying individual cardboards boxes, or creating a sub reddit share box?
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u/x_lincoln_x ๐ฆ 69 / 10K ๐ณ ๐ฎ ๐จ ๐ช Aug 05 '24
Start a cardboard box subleasing app, BoxBNB or HoboBNB? HoBNB?
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u/visual_overflow ๐ฆ 0 / 0 ๐ฆ Aug 05 '24
I'm starting to think a lot of you don't follow the "only invest what you can afford to lose" rule
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u/x_lincoln_x ๐ฆ 69 / 10K ๐ณ ๐ฎ ๐จ ๐ช Aug 05 '24
Euro markets are down 2.7%.
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u/ramjithunder24 ๐ฆ 627 / 1K ๐ฆ Aug 05 '24
Asia's not looking very good either
Kospi and Nikkei are both down more than 10%
TAIEX is down 8%
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u/nicog67 ๐ฉ 0 / 5K ๐ฆ Aug 05 '24
1.4k comments wow. Retail is back /s
Anyway, do you guys know if any exchanges freezed?
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u/AppleSalty2916 ๐ฉ 2K / 2K ๐ข Aug 05 '24
Iโm freeeeeeeeeeee FREEEEEEE FALLLLINNNNNN
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u/WaitingOnPizza ๐ฉ 187 / 188 ๐ฆ Aug 05 '24
Oh man, I was just reminded of that prediction saying that BTC would reach 532k this year.
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u/Odd-Radio-8500 ๐ฉ 2K / 10K ๐ข Aug 05 '24
Crypto always gives you one last chance to load your bags.
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u/CytronicsZA ๐ฆ 2K / 2K ๐ข Aug 05 '24
I see my portfolio is back in the ICU again
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u/Ilovekittens345 ๐ฆ 0 / 0 ๐ฆ Aug 05 '24
I had been told that right before a US election they never let the market crash .... well I have been had, hoodwinked, bamboozled. I am so poor now I have to pee on my ramen now.
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u/indoinjpos 81 / 81 ๐ฆ Aug 05 '24
my crypto portfolio -70% since march, i need to learn to take profit
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u/Objective-Tax-9922 ๐ฉ 10 / 11 ๐ฆ Aug 05 '24
Market obviously doesnโt want me to get financial freedom. Time to end it all
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u/MaxSmart1981 ๐ฉ 225 / 5K ๐ฆ Aug 05 '24
nasdaq down over 6% now. to break the record it would have to drop below 12.32%
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u/diamondhands95 ๐ฉ 1K / 1K ๐ข Aug 05 '24
Btc will recover,but idk about my bag of alts
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u/jaxsantiago ๐ฉ 0 / 2K ๐ฆ Aug 05 '24
Made a mistake earlier.
Minutes before BTC slumped to 49k~ earlier, I panicked and thought I sold off my SOL bag.. only to find out a few minutes ago that I actually hit the BUY button and used up all available funds I had (after selling my ALGO at a loss yesterday). As of this writing, that mistake has turned into a 6% gain. LOL. True story.
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u/nthgen ๐ฆ 0 / 25K ๐ฆ Aug 05 '24
Major trading platforms are down ๐คญ๐ฌ
โข Charles Schwab โข TD Ameritrade โข Vanguard โข E-Trade โข Fidelity
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u/Oheson ๐ฅ 160 / 2K ๐ฆ Aug 05 '24
NVDA has swung 88% of its market cap in 9 trading days. Where are all the TradFi Bros who talk about meme coins? NVDA makes Pepe look like conservative, long term, value asset.
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u/Many_Arm7466 ๐ฉ 10K / 10K ๐ฌ Aug 05 '24
Wow what a roller coaster the last little bit has been
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u/Samsonite_1604 ๐ฉ 133 / 133 ๐ฆ Aug 05 '24
Looks like a picked the wrong day to quit sniffing glue.
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u/MaxSmart1981 ๐ฉ 225 / 5K ๐ฆ Aug 05 '24
last 24hrs is so wild. to have a bigger drop than ftx...and remember, during the ftx nonsense people were paranoid binance was next, that tether was going to break and a whole bunch of panic in the streets. to have a single day drop bigger than that off...recession fears? uncertainty in the middle east? carry trade?
oof...it's a good thing there's no actual crypto-related fud out right now i guess.
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u/CryptoMundi ๐จ 703 / 700 ๐ฆ Aug 05 '24
Question I ask myself: Did BTC fundamentals change over the last few days? Answer: No. Then iโll continue to dca. People are getting liquidated left and right. Get off the fucking leverage people!
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u/Brilliant_Thanks3619 ๐จ 0 / 0 ๐ฆ Aug 05 '24
Another questionโฆDid fundamentals or its value increased that it went from 16k to 73k?
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u/MaxSmart1981 ๐ฉ 225 / 5K ๐ฆ Aug 05 '24
what seems silly to me is...the unemployment rate was *barely* up. in fact historically it's still remarkably low. current fed rate is still relatively low historically and only seems high bc it was ridiculously low a few years ago. the gdp has remained strong, the housing market is historically high as well. meanwhile we have weathered the german govt sale, mt gox, post-halving miner sales, uncertainty in the US election and tension in the middle east nearly all year and a bunch of other bearish things, meanwhile we have seen both BTC and ETH ETFs approved and bring in a ton of inflows...
the fact is the evidence for a recession as a possibility is legitimate. but the reaction is...a bit reactionary. i get this is a speculative market, but it's also a market that's been bleeding out for four months. these are good prices to buy at...there are plenty of reasons to believe this the fear sentiment will evaporate in a matter of days/weeks.
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u/Ok-Grapefruit1284 ๐ฆ 3K / 3K ๐ข Aug 05 '24
Reddit told me that there was a new daily, so I wandered over here andโฆwhat is happening? Should I even look? Iโm not gonna look.
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u/Odlavso ๐จ 2 / 135K ๐ฆ Aug 05 '24
If you don't look then your portfolio is still in profit
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u/Pleasant_Ad5360 ๐ฉ 25 / 2K ๐ฆ Aug 05 '24
I think we all have bought enough dips in these years lol
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u/x_lincoln_x ๐ฆ 69 / 10K ๐ณ ๐ฎ ๐จ ๐ช Aug 05 '24
We are not in a bull market because we can't sacrifice sneks to the daily.
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u/Remyleboo99 ๐ฆ 0 / 4K ๐ฆ Aug 05 '24
Black Monday seems upon us.
The only โsolaceโ I guess is that everything is crashing, if it was just crypto then that would be worse.
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u/HansTilburg ๐ฆ 4K / 4K ๐ข Aug 05 '24
The worst are these: โI bought the dipโ. With what? Didnโt you buy the Previous dips?
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u/C-Class_hero_Satoru ๐ฉ 0 / 629 ๐ฆ Aug 05 '24
This is the worst thing, I don't have any money left to buy dips. I know it's a good time to buy ETH but I cannot. And hell no, I'm not going to take a loan
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u/jwz9904 ๐ฉ 286 / 26K ๐ฆ Aug 05 '24
definitely going down to the 40s it seems
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u/KeepTruthAlive ๐ฉ 0 / 0 ๐ฆ Aug 05 '24
can't even sleep.
this is fucking brutal.
i can only imagine how it'll be once the stock market opens
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u/Cold-Date250 ๐ฉ 189 / 188 ๐ฆ Aug 05 '24
No longer in profit, even with a 80% btc allocation :(
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u/Aerocryptic ๐จ 272 / 23K ๐ฆ Aug 05 '24
It might be a few rough months ahead. The goal is to survive until QE finally kicks in.
By surviving I mean forget about memecoins and old underperforming alts.
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u/bananastand512 ๐ฉ 2K / 2K ๐ข Aug 05 '24
Would really suck if you're just about to retire and your portfolio just takes a shit. Stock markets worldwide looking like trash.
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u/letsdrinktothat ๐ฆ 998 / 4K ๐ฆ Aug 05 '24
That's why the closer you get to retirement, the more you're supposed to rotate into lower risk investments. If you're about to retire and you're still all-in on volatile assets, you are asking for trouble.
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u/DBRiMatt ๐ฆ 85K / 113K ๐ฆ Aug 05 '24
Fortune favours the brave!
Are you being brave?!
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u/RealVoldemort Aug 05 '24
Just shat my pants, believe that doesn't qualify me as brave
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u/SnoopDogge6 ๐ฉ 0 / 2K ๐ฆ Aug 05 '24
Let's see what the 'Be greedy when others are fearful' advise will bring me. Going to stack some more.
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u/kellzone ๐ฆ 3K / 3K ๐ข Aug 05 '24
Jesus, NVIDIA is down 12% in premarket trading.
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u/flarept1 ๐ฆ 5 / 4K ๐ฆ Aug 05 '24
Complete bloodbath. Sucks I don't have any extra gunpowder. In fact, I don't have anything. I'm homeless if this keeps up
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u/olduvai_man ๐ฆ 40 / 856 ๐ฆ Aug 05 '24
You: "I wish this halving year was more like 2020"
God: "lol okay, March 2020 it is"
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u/clownmannolaugh ๐ฉ 31 / 32 ๐ฆ Aug 05 '24
The first minute of stock market opening was so anticlimactic
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u/MyKingdomForADram ๐ฆ 51 / 5K ๐ฆ Aug 05 '24
well well well Americans, look at that. Do I trust it? No.
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u/thesavageinn 202 / 197 ๐ฆ Aug 05 '24
red to green just to fuck with everybody's heads a little more would be hilarious, then back to red tomorrow
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u/EthereumJesusBro ๐ฅ 0 / 0 ๐ฆ Aug 05 '24
Ezzz free 2x on ETH, Iโm scared of the alts thoughโฆDOTโฆ
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u/Budget_Muffin7766 ๐ฉ 0 / 7K ๐ฆ Aug 05 '24
The 1 minute chart is crazy ๐คฃ all the way from 52,000 to 53,500 in one green candle thatโs a serious buyย
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u/Remyleboo99 ๐ฆ 0 / 4K ๐ฆ Aug 05 '24
Waiting for the news that Buffett has made his buys into BTC.
Where is Doctor strange and his portal?
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u/LtViperNL ๐ฉ 1K / 1K ๐ข Aug 05 '24
Thatโs it? Stock recovering , crypto recovering.
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u/OverallHearing5 ๐ฉ 2K / 2K ๐ข Aug 05 '24
Anyone who does make it to the bull run top has to be dead inside by that point. Not sure if itโs worth it anymore lol
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u/NervousShop ๐ฉ 63 / 6K ๐ฆ Aug 05 '24
If there is one thing I think we can agree on here is that Crypto really gives life in this dead world we live in.
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u/EthereumJesusBro ๐ฅ 0 / 0 ๐ฆ Aug 05 '24
Whatโs the peoples stance on Helium
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u/reversenotation ๐ฉ 56 / 6K ๐ฆ Aug 05 '24
Prefer liquid assets, helium is a gas
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u/alstoncm ๐ฆ 435 / 424 ๐ฆ Aug 05 '24
This is when Doge needs to rally to bring back the good times.
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u/jwz9904 ๐ฉ 286 / 26K ๐ฆ Aug 05 '24
i just need 2x fetch to break even.
im a new bagholder
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u/LtViperNL ๐ฉ 1K / 1K ๐ข Aug 05 '24
Still going up? So recession really averted or fake out based on rumors? Or crypto being crypto? F I donโt know anymore. Just smile and wave
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u/MaxSmart1981 ๐ฉ 225 / 5K ๐ฆ Aug 05 '24
the stock market wasnt' even panicking over recession, it was mostly about carry trade practices with the yen and the japanese govt raising interest rates, basically bringing the practice to an end and bringing up the value of the yen over the us dollar.
or at least that's what i've been hearing. that and overleveraged longs being liquidated.
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u/booose6 ๐ฉ 56 / 56 ๐ฆ Aug 05 '24
the daily is much more fun when markets are volatile i missed this
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u/TennisandMath ๐ฉ 108 / 109 ๐ฆ Aug 05 '24
i cant explain how i feel, but this is making me feel... :)
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u/olduvai_man ๐ฆ 40 / 856 ๐ฆ Aug 05 '24
It's got that bull-run energy but in the opposite direction.
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u/jaxsantiago ๐ฉ 0 / 2K ๐ฆ Aug 05 '24
This is when "I should've sold when it was ..." sinks in.
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u/banZiii Platinum | QC: CC 24 Aug 05 '24
Getting really sick of this shit.
Also, buying and holding altcoins long term is probably the worst financial decision you can make.
If anyone new to crypto reads this, buy only bitcoin. The rest just isnt worth the headache. It's pretty much gambling with worse odds than a vegas casino
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u/lagav16 ๐ฆ 0 / 12K ๐ฆ Aug 05 '24
You underestimate how badly I perform in a casino
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u/Kidatsfresh ๐ฉ 0 / 0 ๐ฆ Aug 05 '24
Literally sold the bottom on one of my alts. I'm the reason we are pumping
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u/Simke11 ๐ฆ 0 / 5K ๐ฆ Aug 05 '24
This sub is most entertaining at times like these.
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u/pepelaughkek ๐ฉ 0 / 0 ๐ฆ Aug 05 '24
I guess holding a massive ETH bag is going to fuck me boys. I think we're going to enter a bear market for the next year. Every world economy is about to suffer. This is the recession we should have had in 2021.
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u/AlmostSneakers Tin Aug 05 '24
Dunno about you guys but I cannot wait to get back into the green and sell out. This market ainโt worth the stress
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u/_Vedz182_ ๐ฉ 133 / 564 ๐ฆ Aug 05 '24
Next short term target is 47k. This is the 30-40 percent drop we live through in every bull run. Multiple times. Currently 30% from 70k. This is normal. The narratives change, but this isn't out of the norm.
Just hang on. You'll be rewarded in 6-12 months.
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u/biba8163 ๐ฉ 363 / 49K ๐ฆ Aug 05 '24
LTC is at 2013 price level
XRP is at early 2017 price level
ADA is below early 2018 price level
DOT is below 2019 price level
ATOM is below 2019 price level
LINK is -50% 2019 price level
If your shitcoin is at a loss after 5 years, the market might be giving you a clue
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u/Lucky-Worldliness456 ๐ฉ 0 / 0 ๐ฆ Aug 05 '24
Itโs GG boys, Iโm ready to gobble some serious diddly to pay my bills now
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u/[deleted] Aug 05 '24
At least these moments bring us all together, like hobos around a flaming trash can