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Quick Navigation Bottom Misc
Forum » Crypto is nosediving
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Thread: Crypto is nosediving

post 1641158613 06-18-2021, 01:39 PM
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Crypto is nosediving

Everything is in the red for weeks now, what's going on. Barely up by 1x was up by 3x
post 1641159283 06-18-2021, 01:48 PM
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#2
  1. BLOATMOGGER
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1) The free money ran out and and the wagecels got called back to work. It's a lot harder to YOLO $5,000 of your own hard-earned money on a Shibu Inu based cryptocurrency than to YOLO $5,000 of "free" government cheddar.

2) The Fed's talking about raising interest rates. Rising rates have popped a lot of bubbles over the years.

3) Everything's opening up again. People now have better things to do with their money and time than gamble like degenerates.
post 1641159963 06-18-2021, 01:56 PM
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Its consolidating before BTC moons to $100K LOL
post 1641160403 06-18-2021, 02:02 PM
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Stimmy checks have dried up... but nothing goes up forver man... its consolidating. Might take a year or two to moon again. Patience is a virtue. Dollar cost average every week small amounts without fail, and wait for the next ship to blast off. Simple as that
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post 1641160773 06-18-2021, 02:08 PM
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post 1641161623 06-18-2021, 02:24 PM
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I'm guessing you're new to crypto..
post 1641162123 06-18-2021, 02:32 PM
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#7
  1. badbart
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Originally Posted By MiscMathematician⏩
hope every miner who bought a 3080 goes bankrupt
I have 150 gpus and BTC ascis been running since late 2016 including 20 3080s.
In the last year I've mined over 100 eth and 9 BTC. Currently shorting 9 btc around 53k, once crypto bottoms I will buy more equipment repeating the process while you simps cry and whine.
post 1641162383 06-18-2021, 02:36 PM
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#8
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Originally Posted By Phobaphobia⏩
I'm guessing you're new to crypto..
This lol

Zoom out on the graph buddy boy. Huge dips for long periods of time ain’t nothing new.

Shiet goes up, shiet goes down, but overall it goes up.

Go look at what the price of btc and other cryptos were worth just 1 year ago.

I’m ok with the current situation. The longer it consolidates the higher it’s going to go. Quick pumps aren’t sustainable and usually have quick dips right after. Shiets gonna be juicy if you hold 2-4 years.
post 1641162503 06-18-2021, 02:38 PM
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#9
  1. ye193x
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Originally Posted By badbart⏩
I have 150 gpus and BTC ascis been running since late 2016 including 20 3080s.
In the last year I've mined over 100 eth and 9 BTC. Currently shorting 9 btc around 53k, once crypto bottoms I will buy more equipment repeating the process while you simps cry and whine.
Lold hard if you had 9btc and 100eth, you wouldn't be posting in this thread. You would be in mykonous on a yacht with 7ft tall models.
post 1641162563 06-18-2021, 02:39 PM
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#10
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Originally Posted By Phobaphobia⏩
I'm guessing you're new to crypto..
Up by 1x, haven't lost a penny, but my profits are getting heavy hits. Been in crypto for a year now
post 1641163143 06-18-2021, 02:49 PM
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#11
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It's not nosediving.

It tends to follow the stock market, which fell today.
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post 1641163303 06-18-2021, 02:53 PM
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Institutions were just abusing 100x leverage.

Retail always holds the bags.

Such is life
post 1641163503 06-18-2021, 02:56 PM
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#13
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Pullbacks in the market are healthy. Institutions are buying in now that it's cheap. We'll be back on the moon by December. If you're worried about short term movements, you're probably poor.
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post 1641163993 06-18-2021, 03:03 PM
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Originally Posted By MiscMathematician⏩
hope every miner who bought a 3080 goes bankrupt
I've been on the EVGA waiting list since last year for a 3090. Miners can suck a dick
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post 1641164073 06-18-2021, 03:04 PM
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bitcoin has followed a steep to shallow type curve, and is quickly flatlining.


got 16k in gamestop.
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post 1641164223 06-18-2021, 03:06 PM
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from thread title
post 1641164423 06-18-2021, 03:09 PM
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Originally Posted By ScramFranklin⏩
bitcoin has followed a steep to shallow type curve, and is quickly flatlining.


got 16k in gamestop.
Wen moon
post 1641164463 06-18-2021, 03:09 PM
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  1. Train57
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Originally Posted By ye193x⏩
Lold hard if you had 9btc and 100eth, you wouldn't be posting in this thread. You would be in mykonous on a yacht with 7ft tall models.
thats not even a million
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post 1641164693 06-18-2021, 03:12 PM
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Originally Posted By Duckliver⏩
Wen moon
hopefully this year. I want to beleaf it will actually hit 1mil/share
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post 1641164703 06-18-2021, 03:12 PM
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  1. badbart
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Originally Posted By Train57⏩
thats not even a million
Right and I sell as I mine, $240 a day in electrical cost.
post 1641164993 06-18-2021, 03:16 PM
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#21
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Originally Posted By ScramFranklin⏩
hopefully this year. I want to beleaf it will actually hit 1mil/share
Nah they won’t allow it to happen.

Fuk I would almost be a billionaire
post 1641166633 06-18-2021, 03:42 PM
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#22
  1. ScramFranklin
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Originally Posted By Duckliver⏩
Nah they won’t allow it to happen.

Fuk I would almost be a billionaire
then you got in earlier than me or have more in haha. I didn't get in until around 150ish.
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post 1641171343 06-18-2021, 05:10 PM
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#23
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Repeating 2017-2018 cycle where insane bull market is met by sharp decline into crab/slow death. If it continues the trend, wait a couple months then invest as much as you can spare in a solid sub 100 mil marketcap coin and leave it until the next bull market. Bros that invested in chitcoins at 10-100mil marketcap coins in 2020 have gotten 70-300x+ returns in this bull run just like in 2017 (E.g. Matic, Chiliz, Telcoin, Theta, Verasity).

If you zoom out 2020/2021 has been almost identical to 2017-2018. When alts with no usecase are having multi billion dollar marketcaps and there's countless crypto news everywhere, you know the crash is around the corner.
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post 1641171563 06-18-2021, 05:13 PM
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#24
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expecting red til october tbh
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