Do you have a position to back it up? If not, it's just another useless opinion piece and waste of time. I don't care if it goes to 300k or 20k as long as it moves, so unless you're short or have some trade to discuss, nobody will give a rats ass about crypto dumping or not
Bitcoin has topped.
- Thread starter Master Pu
- Start date
Congratulations, bro!!! You deserve it! Cryptos investing is very difficult on the emotions with all of the crazy ups and downs
Every day has been surreal for me, tbh, so I know what you mean
I've been selling for $ and only stop on weekends
I still hodl most of the cryptos, and still believe the bull market is intact just need to lower some risk for life situation. I quit my job recently
I like Willy Woo's prediction of $300K for btc by eoy
I hodl BNB... I've trimmed my BNB and also traded a little bit of BNB for SFUND recently, not financial advise
Good luck if you go into BNB, hope it goes to $1K or higher
Thanks man, I've been sitting on the fence deciding to sell or not for weeks now, and I'm glad I did.
BNB is a great investment since there is a big demand for it with saving fees on Binance. It was the only token to outperform Bitcoin for 2 years during the bear markets of 2018 and 19. I consider it a safer bet.
Yes I've also been selling on some P2P websites, great way to make money!
We'll see how this dip turns out, I think it's going to be a long dip before we move on to higher levels...
Baron
ET Founder
Just so we are all clear. Your thread title is "Bitcoin has topped", so you're saying that bitcoin will never be in the $50k's or $60k's again? I'm trying to understand exactly what you are calling.
His position has no effect on YOUR P/L.
On the other hand let's say you believe him and act on it, THAT will have an effect on YOUR P/L.
And why would you believe him? The bastard correctly called the Nasdaq top right after it happened. Not 2 days or 2 weeks later but on the very same day.
I also tend to agree with him, the crypto economy is unsustainable and NFTs are the equivalent of shoeshine boys giving out stock market tips. Why would you believe me? I correctly called the 2017 top BEFORE it happened.
I expect it to be at 50% of current valuation before it hits ATH.
Baron
ET Founder
I hope you're right because buying a dip down to $25k followed by another all time high would be a great trade.
I wish you good luck! Let's remember that this is my opinion and I don't have to take action to be able to have an opinion and make it public. I don't quite understand why some are asking for proof of me taking a short position lol
Not to mention just because you have a position that doesn't make you correct.
[Cathy Wood entered the chat]
A lot of "traders" that have a big losing position use the same logic, or rather wishful thinking.
The only problem is that nobody knows if there will ever be a new high. There will be new highs till one day there will not be any anymore.
For these "traders" that would result in a massive loss or wipe out. I know personally 2 people who lost each over $10 million. Waiting for a reverse and new high.
A huge loss always starts with a "small dip".
If you are sure there will be a new high you should sell all you have and buy BTC. You will become very rich.
The BTC is killing himself. The higher he goes the bigger the problem. People want to make fast and big money. If the BTC has to double he has to go up over 50K. Buying lower priced crypto's (dogecoin...) go more easily up 100%, it is just sometimes a matter of just dollarcents.
Ethereum needs far less than 5k to double. That is just 10% of the rise BTC should do. There will be a shift from BTC to lower priced coins.
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Yet here we are & you are wasting your time responding. Since we are on subject of useless & pointless posts.