How far will crypto drop?

[mikejamm]

I just put in a big buy order for Bitcoin at 21K.

World goes one way you go the other. Crash and burn if drops more, oh well. This is a good price right now I think! Now it's a long waiting game after this investment....

For the record I bought at 40k, 30k and now 21K.. I will wait it out. I got some catching up to do now. Check back in a few years.

Sure you did dip shit.

[mikejamm]

I remember reading an article a few months back when bitcoin was at 47000 that it will be 100000 by the end of year and it is testing 20000.

If doesn't hold 20000 next stop is 10000.

Yep, Pavy, every one of these Jibby clones said it was due for a big bump!

[mikejamm]

Aren't many markets that are safe to invest in right now.

Cash is king when facing a recession and maybe we should all just sit on it for a time. I invested big with bitcoin yesterday at 21K just because I hate my money sitting in a bank collecting little to no interest.

I can't see Bitcoin tanking much more I think. Bitcoin still remains the strongest and most well known crypto currency trade in the industry. Still it's a gamble and I like to gamble.

We'll see what happens with bitcoin in time moving forward?

This trump devotee and his words of doucheism! We’re already seeing what’s happening you nimrod!

I bet you bought trump water and and those nasty fuk’in steaks he peddled too.

[mikejamm]

2024 will be the BIG rebound I think. It's all about the white house change in personnel.

Do you proofread the shit crap you post? The big rebound? Change in personnel? Yeah that’s real rich Jibby twit.

You gonna change out Putin too asswipe? Maybe you should get off Fox News and pay attention to what’s really go’in on in the world.

[mikejamm]

It seems like a major Ponzi scheme

Yep, that’s all it ever was once the rich fuks and Wall Street got involved, they drove up the price, dumped their holdings at a quick profit and left a bunch of pumped up idiots like Jibby buying in thinking it was gonna last.

[Greget]

Jibby thought a 5 point drop in the DOW was a 5% drop... Guy is fully retarded. Trump supporter, of course. His wife doesn't actually let him touch their money, that's for his own good. Maybe he get's a 100 bucks a week to play with from the fat hog, but she handles the real money.

[jjgold]

Jibby has first buck he ever made

Guy is tighter than a drum

[themike78]

Do you proofread the shit crap you post? The big rebound? Change in personnel? Yeah that’s real rich Jibby twit.

You gonna change out Putin too asswipe? Maybe you should get off Fox News and pay attention to what’s really go’in on in the world.

So you really think the economy going to shit has nothing to do with Biden and the Dems? It's no coincidence that we had probably the greatest economy ever under the first 3 years under Trump before the China virus came here. Then slow Joe takes office and day 1 of his fake Presidency he signs executive orders undoing pretty much everything Trump did to get the economy going. Yeah but it's not Joe's fault let's blame Russia. Only 1 problem with doing that. Russia never would have invaded Ukraine if Trump were still President. FACT. Maybe you should get off CNN and pay attention what's really going on in the world. DiPShit.

[DwightShrute]

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">How we got here: <a href="https://t.co/fQ0UG7CWwr">pic.twitter.com/fQ0UG7CWwr</a></p>&mdash; greg (@greg16676935420) <a href="https://twitter.com/greg16676935420/status/1536859811098378241?ref_src=twsrc%5Etfw" >June 14, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

[johnnyvegas13]

It should hold 20

If not who knows the next floor

Never a huge fan of crypto this is y

[ace7550]

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">How we got here: <a rel="nofollow" href="https://t.co/fQ0UG7CWwr">pic.twitter.com/fQ0UG7CWwr</a></p>&mdash; greg (@greg16676935420) <a rel="nofollow" href="https://twitter.com/greg16676935420/status/1536859811098378241?ref_src=twsrc%5Etfw" >June 14, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

[JIBBBY]

Bitty still hovering around 21K again today. I guess it's stuck there..

[floki]

all major markets could drop to their march 2020 lows
look at qqq, its in a downward sloping channel not just a reg. downtrend, well formed downward pressure, and its got the step down going, as long as this trend is in place its going down
still crawling, no capitulation

[TheMoneyShot]

^ DS's post above.... lol total classic. I literally laughed uncontrollably lol

[jjgold]

It’s dead

Everyone get out

[raiders72001]

[raiders72001]

2014, 2018, 2022. Normal pattern.

[TheMoneyShot]

The true test is crude oil around 120 a barrel causing fuel to be ridiculously high.... and outrageous food costs. If Biden allows this to continue... I'd like to see what crypto does 6 months from now.

People operate like zombies at times. Punch in punch out. Oh gas is high... I'll pay it. Oh food is high?? Well I have to eat. People don't adjust routines. They only start worrying when the bank acct hits zero.

The more this is shoved down peoples throats... it becomes the NORM. Society is ignorant. The chain reaction has to be coming soon. Crypto would be the first to spiral downward. If there's no FIX with the economy.... why would crypto ever surge again?

I'm not taking shots at people who love Crypto. I'm just saying... economy isn't NORMAL at the moment. Some of my friends have already admitted to me.... the CC's are higher than ever. And they make good money.

[mikejamm]

So you really think the economy going to shit has nothing to do with Biden and the Dems? It's no coincidence that we had probably the greatest economy ever under the first 3 years under Trump before the China virus came here. Then slow Joe takes office and day 1 of his fake Presidency he signs executive orders undoing pretty much everything Trump did to get the economy going. Yeah but it's not Joe's fault let's blame Russia. Only 1 problem with doing that. Russia never would have invaded Ukraine if Trump were still President. FACT. Maybe you should get off CNN and pay attention what's really going on in the world. DiPShit.

Yeah, keep believing stupid ignorant bullshit, about your speed loser. So Putin wouldn’t have invaded Ukraine if Drump fuk were still President huh? Where’s you fuk’in crystal ball you predicted that with asswipe? Drump shit would’ve handed the murdering troll Putin Ukraine on a sliver platter. He wouldn’t have lifted a finger to help save the Ukrainian people.

Just like he sat on his fat fuk’in ass and did nothing on January 6 while our Nations’ Capitol and democracy was under attack and 5 Capitol police officers were murdered. He did nothing because he fooled idiots like you into believing the big lie, inciting an insurrection allowing innocent police officers to die defending our Capitol.

Greatest economy ever? What an ignotant joke you are. All trump did was destroy the poor and middle class while making rich fuks even richer and lining his own pockets and those of his pompous ass family around him.

Take your head outta your ass and learn how a “Global” economy works. Putin’s war is the sole cause our economic downslide and those throughout the world. Trump’s new hitler buddy is right now withholding Ukrainian grain that would normally be shipped to feed countries throughout the world.

Of course that doesn’t mean shit to you huh, innocent people dying of starvation and being murdered because of who they are and where they live. You’re too busy whining like a little bitch and blaming a good man like Joe Biden cause you can’t suck a gas dick at $2 a gallon anymore.

Maybe one day you and blind fuks like you will get it. Of course when you’re so out of touch with reality to begin with, there’s really not much hope.

[Optional]

If there's no FIX with the economy.... why would crypto ever surge again?

Agree.

But we've been through a few of these global crisis events in most of our lifetimes.

The worst by far was the GFC. Look how fast financial indicators got back to making new highs again.

If you recall Black Monday in 1987, when people were jumping out of windows, it was less than 1 year later pre crash prices were surpassed.


I'm banking on same again.


I liquidated everything I could to buy a property as covid panic hit the market in May 2020. That place is conservatively worth 3x today.

Not risking everything, or even any amount that hurts at all on Crypto, but I am buying in weekly and will continue.

[jjgold]

Sportsbooks lost millions offshore

Some say 100 million plus in the exchanges hiding money

[raiders72001]

The true test is crude oil around 120 a barrel causing fuel to be ridiculously high.... and outrageous food costs. If Biden allows this to continue... I'd like to see what crypto does 6 months from now.

People operate like zombies at times. Punch in punch out. Oh gas is high... I'll pay it. Oh food is high?? Well I have to eat. People don't adjust routines. They only start worrying when the bank acct hits zero.

The more this is shoved down peoples throats... it becomes the NORM. Society is ignorant. The chain reaction has to be coming soon. Crypto would be the first to spiral downward. If there's no FIX with the economy.... why would crypto ever surge again?

I'm not taking shots at people who love Crypto. I'm just saying... economy isn't NORMAL at the moment. Some of my friends have already admitted to me.... the CC's are higher than ever. And they make good money.

I agree with your economic views but disagree on cryptos. 99% of the current cryptos will disappear. Those that survive are the future. BTC is a store of value. dApps built on Ethereum work without human intervention. Decentralized finance saves time, money, paperwork and curbs corruption since transactions are visible and immutable. Tokens have utility in metaverses. Digital collectibles on a blockchain ensure authenticity. We are just getting started.

[raiders72001]

The price of cryptos will decouple from the stock market. The correlation that's present now didn't exist for most of bitcoin's life.

[TheLock]

Exactly. If anyone knew anything... they'd know about the HUGE DROP 5 days prior and get out. lol

The ones who did know.... were the whales.

I remember hanging onto some BTC at around 47,000.... thank god I got out. lol sweet jesus... this ain't worth anyone's stress.

It’s not stress, sir. There are up and downs, I buy BTC when it’s down and sell some when it’s up.

[Yulia74]

still no capitulation

no bottom until tron drops to zero

[Allure]

Bitcoin will be worth zero Friday morning.

[pavyracer]

Panic will start once it drops below $20,000. The weak hands will abandon the ship.

[Crusherrr]

I think Bitcoin could even drop to $10,000.

But I'll probably build positions in it over the next year or two. It'll get to $100,000 in the next few years.

If I'm wrong, I'm wrong.

[Allure]

Yeah would be great if it drops significantly so the panic sale can start. I have some coins I wanna buy at a better price.

[ByeShea]

I think Bitcoin could even drop to $10,000.

Why couldn't it?

It's shown itself to be an absurdly risky asset class.

[TheMoneyShot]

I agree with your economic views but disagree on cryptos. 99% of the current cryptos will disappear. Those that survive are the future. BTC is a store of value. dApps built on Ethereum work without human intervention. Decentralized finance saves time, money, paperwork and curbs corruption since transactions are visible and immutable. Tokens have utility in metaverses. Digital collectibles on a blockchain ensure authenticity. We are just getting started.

You should advertise crypto classes on youtube... at $250.00 an hour. Maybe even more. If there's a guy I'd like to see become rich and famous because of crypto.... it would be you.

I do believe in one thing about future investments.... "Firepower". When you have firepower... you make better reads... better decisions. The people who don't have the firepower... never really go anywhere fast. Sure... eventually it will be where they want it... when their 65+ and old. But the young guns with firepower... they're the dangerous ones.

[raiders72001]

Why couldn't it?

It's shown itself to be an absurdly risky asset class.

why is it risky? No one has ever lost money holding BTC for 4 years.

[raiders72001]

You should advertise crypto classes on youtube... at $250.00 an hour. Maybe even more. If there's a guy I'd like to see become rich and famous because of crypto.... it would be you.

I do believe in one thing about future investments.... "Firepower". When you have firepower... you make better reads... better decisions. The people who don't have the firepower... never really go anywhere fast. Sure... eventually it will be where they want it... when their 65+ and old. But the young guns with firepower... they're the dangerous ones.

Thanks MoneyShot. Some media such as WSJ have asked in the past but that's not something that I want to do.

[Ra77er]

The raiders fans have been pretty dang smart on this board.

[ByeShea]

why is it risky? No one has ever lost money holding BTC for 4 years.

Because a birth of an asset class is a one-time event. Today every single holder of bitcoin from the last 18 months is not only out of the money, but stressed about the future of crypto when you have players like Citadel pulling strings and manipulating the hell out of the market.

Again, this is no place for the risk averse. And the smartest money is always risk averse.