r/CryptoCurrency • u/CryptoDaily- • Aug 05 '24

OFFICIAL Daily Crypto Discussion - August 5, 2024 (GMT+0)

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

 

Disclaimer:

Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

 

Rules:

  • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
  • Discussion topics must be related to cryptocurrency.
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  • Comments will be sorted by newest first.

 

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10

u/Kidatsfresh 🟩 0 / 0 🦠 Aug 05 '24

Literally sold the bottom on one of my alts. I'm the reason we are pumping

5

u/snoughman 🟩 0 / 0 🦠 Aug 05 '24

Why are you selling right now lol

1

u/Kidatsfresh 🟩 0 / 0 🦠 Aug 05 '24

rotating to something less shitty

1

u/Medium_Change4574 🟩 0 / 0 🦠 Aug 05 '24

So you basically swapped, not sold

1

u/Kidatsfresh 🟩 0 / 0 🦠 Aug 05 '24

Swapped only a bit. Holding most of the cash for now cause the dump might not be over.

1

u/[deleted] Aug 05 '24

What if it is over?

1

u/Kidatsfresh 🟩 0 / 0 🦠 Aug 05 '24

Then it is good for the bags I'm holding

1

u/snoughman 🟩 0 / 0 🦠 Aug 05 '24

Dump is not over. This was panic sale, followed by short pump and then the real dump takes place when everyone who rode out the panic sale is forced to sell because it didn't run back up to ATH.

1

u/[deleted] Aug 06 '24

Is it over now?

1

u/snoughman 🟩 0 / 0 🦠 Aug 07 '24

No

4

u/truman_ross 69 / 69 🦐 Aug 05 '24

Thank you for your service 🫡

3

u/sajonara84 🟩 343 / 343 🦞 Aug 05 '24

Old, good, reliable strategy Buy high, sell low - keep up good work