Cryptocurrency People who want a bear market and crash to "accumulate more coins" have no idea what they are talking about. Its not a call to be taken lightly. |
- People who want a bear market and crash to "accumulate more coins" have no idea what they are talking about. Its not a call to be taken lightly.
- US Government is Mining Bitcoin, Says White House Adviser
- In corrections/dips like these, what's your personal strategy?
- People keep saying "we still need to see alt season". Yet every non stable top 10 coin went up 140x on average this cycle. You are setting yourself up with flawed expectations for dissapointment and in worst case turn away from crypto when a big downturn happens. Set goals for 2030, not this cycle.
- Remember it takes two cycles to get rich
- There is nothing worse than seeing your coin do a 2x or 3x just for it to come back to the same price you bought at . Sometimes its better to get your initial investment out and let the rest ride.
- The Great Hypocrisy Exposed – Governments Say Bitcoin Is a Dangerous Scam, but Tax You on It. It is time for the truth to be seen by the majority of people.
- "Buy the DIP" vs "Sunk Cost Fallacy"
- I wasn't looking at charts for 5 days. What the hell happended?
- How can absolutely anyone take "technical analysis" seriously - especially the people doing it?
- New Ethereum Update to Go Live in Approximately 24 Hours
- Cardano's DEX SundaeSwap Launches Public Testnet
| Posted: 06 Dec 2021 01:46 AM PST No, really, are they out of their mind? Do they have any idea how long a bear can last and how many coins can be lost and eaten up forever. The bear market knew to "eat" the coins that were in the top10 so we only have BTC, ETH and XRP out there that survived it from 2013. Dip is one thing, crash and bear is another. And it can last for a long period of time. What bear brings to us: - General distrust in cryptocurrency - Investors are losing confidence in the market - Prices are decreasing for possibly longer period of time - Negative talk of cryptocurrency in news, social media, mainstream media and so on And no, I don't wish for a bear market so I could accumulate more coins. Some dips are totally fine. For me DCA is also a good strategy for a long term investor. Why the hell would I want bear market? It is not that fun at all! [link] [comments] | ||
| US Government is Mining Bitcoin, Says White House Adviser Posted: 06 Dec 2021 03:17 AM PST
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| In corrections/dips like these, what's your personal strategy? Posted: 06 Dec 2021 02:38 AM PST I have limited funds set aside for dips like these. I'm stuck between averaging down my long term holds, and investing in new projects that have caught my attention. Cannot. Resist. That. 25$. DOT. But also, some of the low mcap coins that I see potential in are seeing almost 40-50% pull backs since their ATH. Especially with RMRK, I believe RMRK will see a lot of interest in the NFT field because of their advanced NFT platform and deflationary tokenomics. I'm also looking to explore launchpads in up and coming layer 1 protocols like avalanche, Elgorand etc... What do YOU do? Do you take the chance to get more exposure in other projects, or is this time to average down? [link] [comments] | ||
| Posted: 06 Dec 2021 01:15 AM PST Ethereum: Went x60 Cadarno: Went x100 BNB: Went x70 Solana: Went x333 Dot: Went x20 (possible more since of token change?) XRP: Went x15 (supressed by SEC lawsuit) Terra: Went x380 Its clear as day that a lot of alt coins had their time in the spotlight. Claiming that alt season didnt happen yet is very naive and will hurt you more than you think. In worst case, discouraging new people in crypto to get pushed out of the market entirely. Thinking crypto is a "scam" and not staying involved during down markets. This is the BIGGEST mistake you can make right now. Lose interest and not keep researching opportunities for 2022/2023/2024 etc. Losses are temporarily if you belief in the market and invest in prospering projects. But lets not kid ourselves here and say that alt season has not been here yet.... [link] [comments] | ||
| Remember it takes two cycles to get rich Posted: 06 Dec 2021 01:57 AM PST It takes two or three cycles to get extremely rich in crypto. A cycle is basically a bear and a bull market. The catalyst for this is the bitcoin halving (block reward getting cut in half) every four years. When Bitcoin halves the market usually go crazy and a bull run starts. This starts with BTC rising then ETH, then BTC falls, ETH goes up/sideways and alts go crazy. Then in the multi-year bear market the alts get destroyed and BTC regains its dominance. Here is a countdown for the next halving: https://coinmarketcap.com/halving/bitcoin/ When everyone is a noob and in their first cycle usually it's already too late. Most people heard about the hype wave in the middle of the bull run or close to the top and buy a lot of shitcoins at the top thinking they will be the next greatest thing ever. Then the whole thing crashes and people sell at a loss. Thing is as long as you aren't too deep in shitcoins if you just held onto your ETH/BTC it will go up eventually. Buying in the last cycle's top would be amazing now, and that's what people in 2025 will be saying about today. In the second cycle, you are smarter, aren't as diversified into shitcoins, and hopefully accumulated during down trends. Now HODL and congrats. You did it. [link] [comments] | ||
| Posted: 06 Dec 2021 03:43 AM PST I deiced to add a new coin to my portfolio which looked bullish ( not gonna name the coin ) . In just a week I turned out right and got a 2x . This is where I considered selling my initial investment and let the rest ride. But like every time I Held it tight. It did go up by more 50% only to comeback to price I got the coin. Now ,I know I should buy the dip , but it would have been a lot sweeter if I could just buy "the dip " with my initial investment. Some might argue , that if the coin had gone up 10x , I would lose about 50% of the profits. But come to think of it a 5x isn't that bad either without any risk . If I were to sell at a 2x , I would basically get a free asset with all of my money back , plus all that peace of mind. This has happened numerous times where I kept holding it , just to come back at the same price or even worse go in a loss . Booking profits doesn't sound bad at all , especially after a 2x. [link] [comments] | ||
| Posted: 06 Dec 2021 12:14 AM PST
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| "Buy the DIP" vs "Sunk Cost Fallacy" Posted: 06 Dec 2021 02:06 AM PST The market is once again experiencing a significant pullback, for the 5 or 6 time this year. We could almost schedule our clocks after these pullbacks. Now there's a very prominent strategy, whether it's actually carried out, or just posted for moon farming is beyond the scope of this post, that's called "Buy the f****** DIP". Prices drop, so in theory, if the market recovers, it should be better to buy when it's cheap, which is the case after a crash. On the other hand, there's the "Sunk Cost Fallacy", which is more of a tendency, after having invested time and money into something, to continue doing it, without rejudging it's cost-benefit ratio. So for someone, who's dropped half their life-savings into crypto, it would seem important to continue buying, when prices drop, to make it worthwhile, whereas for someone who's not invested at all, they wouldn't feel the same compulsion to "buy the dip". It seems, these two ideas are contrasting each other and one could argue, that buying the dip is just a different form of sunk cost fallacy, because if one had done proper research and invested into solid projects, there'd be no reason to have to keep buying every dip, to make the initial investment worthwhile. Getting into an investment, when it's price is low is certainly profitable, however, that decision should be based upon market analysis and future growth potential, and not be influenced by our previous investments. [link] [comments] | ||
| I wasn't looking at charts for 5 days. What the hell happended? Posted: 06 Dec 2021 04:28 AM PST So I did a challenge as I am looking way too often into Cryptocharts. I forced myself to not look at any crypto charts for five days (also no cryptorelated subreddits (well I entered into the Moon Giveaway but I was just looking at this one post as it was my first push message I got of reddit).) Now back to the chart: Oh boy what have you done guys? My wallet changed from bright green to lime green! But as I watched at the chart after five days I wasn't nervous or affraid. I was confused why we had this crash/dip and that's about it. I did invest an amount I theoretically could lose and still live my life as it is. So now I am challenging you guys to do the same: Don't look at chart for a few days. I'll say: 24. till 26. December. No Cryptorelated subreddit, no Charts. Do other stuff. Go on a rollercoaster as it's literally the same as Crypto charts. Spend time with your family or related ones. [link] [comments] | ||
| How can absolutely anyone take "technical analysis" seriously - especially the people doing it? Posted: 06 Dec 2021 02:39 AM PST I just read this in another thread. I changed the coin name and numbers, because it's really not about that specific case, but it always looks somewhat like this:
People know that coin prices only depend on what people buy and sell and that there is no "science" behind predicting those numbers, right? How could anyone get to these numbers and think "oh yeah, those precise numbers definititely look right!"? It's no better than guessing, stop falling for it. [link] [comments] | ||
| New Ethereum Update to Go Live in Approximately 24 Hours Posted: 06 Dec 2021 05:27 AM PST Ethereum network is now ready to receive an update that will go live at block number 13,773,000, which will be more likely reached on Wednesday night, Dec. 8, 2021. With increased volatility on the market, the network might receive the update sooner than anticipated. While previous Ethereum updates were designed to change, add or remove various mechanisms on the network, the Arrow Glacier network update is something that the blockchain has been constantly receiving in previous large updates. The upgrade is designed to change the parameters of the Difficulty Bomb on the network and push it back several months. No other changes have been introduced in the future update. The difficulty bomb will only affect PoW networks, which are only present on the Ethereum mainnet and Ropsten testnet. The Ethereum network has been in a state of transition from the PoW to PoS network, which is why it was decided to delay the difficulty bomb on mainnet only and try to fully switch the Ropsten testnet to PoS before "Ice Age" begins. [link] [comments] | ||
| Cardano's DEX SundaeSwap Launches Public Testnet Posted: 06 Dec 2021 12:40 AM PST
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