I loved the drop today, finally got a good fill on CleanSpark.
Is the crypto winter over?
- Thread starter schizo
- Start date
Well, if you're in it for the long haul, you should just turn off the monitor and sit it out. We've just retested the 2022 ATH and also shook out any weak hands in the process. We should get a decent bounce from here. My estimate of BTC has the target between 90k and 100k. After that, it's anybody's guess.
It's a good sign for a crypto bull market when btc pulls back and the alts continue to rally
It means the funds are not leaving the cryptos ecosystem and being traded to stable coins or to fiat
I'm up over 100% ($25k) on my yield-farm yesterday as I was leaving for out of town when Sol was at $165'sh and popcat was 0.23sh
I just checked this morning before going to shower and didn't expect a big pop to this level because of the btc pullback. I don't have access to the farm as I'm out of town, but I'm pretty sure it's doing great!
You're almost at your $200 target on Sol. Congrats!!
I was shocked as well considering it dropped hard. But say you say, the pump is even higher. So the question is, what to do? I'm already in profit given all my scale-ins lower down, and $200 will likely be hit in days at this rate, although I would probably set the target at $198 or something just to play it safe. But should I even exit if its pumping like this? If my average price was much lower, of course it makes sense to scale out. But if I sell 50% now, I guess I have locked in profits, but that also brings the average price up much higher... Hmmm....
Its of course a good problem to have. Back when SOL was $10-20, it was difficult to even buy because the fear of it going to zero was very real. So it kind of sucks to miss an easy 10x or 20x, but I guess its never easy when its at the lows.
CTOLarsson also just posted a super helpful video on trading with a DEX. I didn't realize it could be so easy. I don't want to turn into a degen trader, but watching stuff go up 10x-100x and missing it all sucks. I mean why not just throw $100 at some of this stuff and see what happens?? Of course by the time everyone knows about it, its likely too late, but its also way better to get in why its just trading on a DEX vs. when its available on a major exchange.
Far be it from me to encourage you to be a degen trader, but just so you know one of the latest videos from Scott Melker had a guest who was saying hedge funds/vc's are trading meme coins... something crypto bros have suspected for a while
Capital gets attracted by opportunities and liquid markets
You do not get over $3B 24-hour trading volume on Pepe and $900M on Dog Wif Hat without big money being attracted to the action
Even on Popcat, getting 10's of million$ 24 hour trading volume, wtf, but that's why I'm a yield farmer, lol, make money on the trading fees, make money on the upside movement, profit
Massive manipulation going on tonight.Hope you're all doing okay.
Alts are doing fine, but mstr profits m2m could take another hit, it was -$70k yesterday already
Sol and Popcart are doing well,
Did you short?
Kudos to ya. I did short a little bit earlier, but not too much. Currently, it's trading at 67,800-ish and I'm looking to go long.
I'm not trading btc short term, the volatility was too stressful for me, but my last swing trade perpetual futures long made over 50k usdt profits made up for the 30k usdt liquidation prior
Alts trading with boosted profits from yield farming is no stress (for me)
Mstr calls options position is indirectly a swing trade btc, but there are times of rare divergence, like a week or so ago, mstr traded up 6% while btc was down a few percent