Looking at what happened in 2018, I'm starting to think that $30K is gonna be game over for the bear market...if we get there.
Even if it only briefly hits $30K and drops back. As long as there is volume.
In 2018 that turning point was at $6K. The very price it crabbed on for months, then eventually crashed from and into the final bottom. Just like we did from $30K.
When the price returned to $6K on decent volume, it was over for the bear market. After that it went to $13K.
Then it was in a state of limbo, mostly between $7K and $11K for several months (with a brief covid crash). Not really in a full bull market yet, but no longer in a bear market.
If we follow the same pattern. We could breakout above $30K, then be stuck between something like $35K and $55K for several months.
At the end of the week the FED and stock market basically said:
Yea economy is fucked but let’s see what happens if we act like it isn’t for 3-4 months lol
Im starting to realize how much money i will make if we get back to previous market ATH and im a bit concerned for my goldfish Jonathan. It's getting me quite down actually.
How's daddy supposed to take care of you if he's in Ibiza banging Katy Perry on a 52' yacht little buddy ?
Looks like the market is unsure how to react. On one hand, we are in a technical recession, on the other hand, the contraction is not as bad as the first quarter.
Yeah I was thinking the same thing when I saw the numbers and then saw the whole two quarters of negative growth = recession like ohhh when you put it like that not great
Took ETC profits at $33.50 today, pleased with myself that I've become a smarter, tougher investor after some hard lessons the past year and a half.
Immediately rockets to $41 🙃
I don't even want to be mega rich. I just want to dine out without looking at the price, pay back all my loans, own a house, get to choose whatever job I want to do without worrying about money, and travel at least once a year.
No lambo no problemo.
Within one hour:
Apple down -1% / NASDAQ down -1% / META down -8.2% / AMAZON -1.7% / PAYAPL -2.5%
Recession: confirmed
Gdp: worse then expected
Some people in here: this is good for crypto! It’s priced in! ![gif](emote|emo_pack_1|rekt)
I know it's a meme round here but I actually did "buy the dip" a few days ago and made profit! Moon faucet open, first 10 people to reply get 10 moons each ![gif](emote|moon_emote|moon)
Edit: And done!
Recession hits, inflation rises, people can’t afford housing, food, gas and lose their jobs
But yea surely they’ll keep buying iPhones, New PCs and crypto
And surely institutions pick crypto over discounted blue chips
![gif](giphy|Zrxs6nl12WgmL3ZTHm)
I was having an urge to fomo into the recent pump (I was about to invest my emergency savings)
But then I hit post nut clarity & it stopped me from putting my savings in.
That red candle was building up the courage to go out but then all the bulls started screaming at him saying "No recession here, only pumps gtfo" and so he just ran away quickly 😢
Celsius has the most secure platform! I just got an email from them saying that there was a leak of celsius user emails...logged in just to make sure all my coins are still there...yup, no scammers are ever going to be able to make off with my coins on there....so completely secure! :)
> Do you guys support cryptocurrencies being used as legal tender
Yes, if cryptocurrency is a convenient, cheap, secure form of tender, then I don't see why I wouldn't consider it. I already use internet banking for many services in addition to card/cash if in person.
I wouldn't use crypto to buy the loaf of bread at the supermarket, but, say, a new car, a lounge suite, a bed, a fridge/freezer, those purchases we already pay for online, why not with crypto?
>or are you guys in it for the money?
Also yes.
I am getting so much FOMO right now, ngl staying in cash is just painful at this moment.
High interests rates, high inflation, a recession and everything is still pumping.... just how???
Have any of you checked the Polkadot Wikipedia entry recently?
"Richard Paten, a hugely regarded advocate of dot,along with being high up as a polkadot cult member, tried to trick everyone that DOT was going to 100 USD by the end of 2022. With the failure of the “parachain protocol”, and the fact that nobody in the world understands how it works, DOT now sits at up 6USD causing investors major losses and crypto suicides to hit a high. [2]"
Lol wtf
My understanding is that any bad news = pump so I’m deffo going 100x long If the US announces a recession and the EU says they’re donating all their money to a donkey sanctuary
This market reaction to increased interest rates shows I don't know shit about fuck whilst sitting on my cash pile to buy a non existent dip. The priced in crew win this time.
Just be offered a permanent position at work! I was basically being promoted just for the summer season but now it’ll be whole year long! Pay raise from November to go with it too! Juicy DCAs incoming!
Anybody else think it's crazy that you can earn a Venezuelan average salary by shitposting on this subreddit? Tell me something's not wonky is going on here.
This crypto market is to volatile for me at the moment, taking this week's DCA amount and buying myself Mega Millions lottery tickets.
Jackpot is at 1 billion, I'm buying myself 1 million moons if I win to pump your bags.
Hello and good day to you.
When is this GDP meeting exactly?
Also, as a side note I would like to share my miserable feelings for not having bought when it went back to 21k yesterday.
Ok I’m not sure if I’m missing something here. Doesn’t a fed rate hike and 2 consecutive quarters with negative gdp normally affect stocks and crypto negatively? Why are we pumping since yesterday ?
Markets almost always do the opposite of the obvious thing. Did you really think the "official recession" would send it to 0? If that were the case you could always just wait for the news and long/short depending on if its good or bad and make free money. Everyone would be a billionaire but that's just not possible, is it?
Accidentally timed the dip 2 days ago and bought at 1350 because i finally had some fiat. It started pumping ever since. Hoping my bad luck is finally reversed lol.
was browsing around in r/stocks
Those people are talking about like 25 year investing timeframes and shit. Ain't nobody got time for dat! It's my money and I need it now!
Everyone now thinks we're going up and we're back on track. Everything was priced in and the dumps are no more.
That can only mean there's going to be a dump soon.
ETH would have to drop around 38% to retest $1000. Are there any economic, geopolitical, or financial scenarios that would warrant that in the next 12 months?
Okay I just bought that Central African Republic coin. Let's see what happens. It's all very bizarre but whenever I see an interesting new use-case I have a bit of a hard-on
Howdy pilgrims how all y'all holding up? I'm still knocking about in fields, living in tents, and bullish on BTC long term.
Don't sweat the small stuff, and it's all small stuff.
As an ETH maxi I’m pretty happy that I diversified into matic. I use weth quite a bit (ETH wrapped on matic) due to the low gas fees. Have always been kinda worried holding it as we’ve seen what happens with other chains. But so far I’m excited for what matic is doing
T minus 5 and a half hours before we get the numbers for this quarter. Interested to see how market responds, even though if we're judging by today everything is already priced in so yeah
Doing an inventory of my crypto bags. One thing I realized is that in order to break even, I need Harmony ONE to do a \~9x.
Oh my. Gonna be a long wait then.
Somewhere, someone…. Bought BTC at 69K Sold BTC at 18K RIP to this poor soul. Your watch has ended. 😔
ETH is never going below 1000 again. And if it does someday then I never said this.
I wanna be in the screenshot for this legendary post
You made it in to history. https://explorer.perawallet.app/assets/820767334/
Looking at what happened in 2018, I'm starting to think that $30K is gonna be game over for the bear market...if we get there. Even if it only briefly hits $30K and drops back. As long as there is volume. In 2018 that turning point was at $6K. The very price it crabbed on for months, then eventually crashed from and into the final bottom. Just like we did from $30K. When the price returned to $6K on decent volume, it was over for the bear market. After that it went to $13K. Then it was in a state of limbo, mostly between $7K and $11K for several months (with a brief covid crash). Not really in a full bull market yet, but no longer in a bear market. If we follow the same pattern. We could breakout above $30K, then be stuck between something like $35K and $55K for several months.
Instructions clear: BTC will hit 100K before EoY
Who didn't sell a dime between December and now and is on the edge of their seat like a little kid watching this shit lol
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Steady on. Leave some sats for the rest of us !
Cant fomo if you ain't got that cash! Hurray for being broke...
I dont want to trust this pump 1 bit or has there been good news?
The news is we're in a recession so now we moon. Don't question it, just enjoy the ride.
I guess all we needed was a recession
I grabbed a whole Eth at $1,015 back in June, been my juiciest buy this year so far, sticks included
One of my prouder moments was buying it at $924…but then I also bought one at $4k so 🤷♂️ Just DCA-ing now
At the end of the week the FED and stock market basically said: Yea economy is fucked but let’s see what happens if we act like it isn’t for 3-4 months lol
Im starting to realize how much money i will make if we get back to previous market ATH and im a bit concerned for my goldfish Jonathan. It's getting me quite down actually. How's daddy supposed to take care of you if he's in Ibiza banging Katy Perry on a 52' yacht little buddy ?
Just take him with
Looks like the market is unsure how to react. On one hand, we are in a technical recession, on the other hand, the contraction is not as bad as the first quarter.
Yeah I was thinking the same thing when I saw the numbers and then saw the whole two quarters of negative growth = recession like ohhh when you put it like that not great
Took ETC profits at $33.50 today, pleased with myself that I've become a smarter, tougher investor after some hard lessons the past year and a half. Immediately rockets to $41 🙃
I don't even want to be mega rich. I just want to dine out without looking at the price, pay back all my loans, own a house, get to choose whatever job I want to do without worrying about money, and travel at least once a year. No lambo no problemo.
In today's economy that's considered rich
So... you do want to be mega rich? Lol
That is a millionaire lifestyle these days.
Within one hour: Apple down -1% / NASDAQ down -1% / META down -8.2% / AMAZON -1.7% / PAYAPL -2.5% Recession: confirmed Gdp: worse then expected Some people in here: this is good for crypto! It’s priced in! ![gif](emote|emo_pack_1|rekt)
Raise a hand if you ignored the FUD and bought sub $1k ETH 🤚
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I have changed my profession to Permabull
The market reaction is pretty bizarre lol
I'm finally getting scammers in my DM's. Confirmed whale.
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What do you think about the current market conditions?
Ladies and gentlemen, prepare your anus for a potential 28k shrek dildo.
I don't trust this pump. I will just hodl.
So brave. I'm also hanging back right now, dry powder intact. ✊
I know it's a meme round here but I actually did "buy the dip" a few days ago and made profit! Moon faucet open, first 10 people to reply get 10 moons each ![gif](emote|moon_emote|moon) Edit: And done!
Go ETH you beautiful bastard
i miss the days when +16% was just a casual wednesday
ETH is absolutely killing it today!
Recession hits, inflation rises, people can’t afford housing, food, gas and lose their jobs But yea surely they’ll keep buying iPhones, New PCs and crypto And surely institutions pick crypto over discounted blue chips ![gif](giphy|Zrxs6nl12WgmL3ZTHm)
I was having an urge to fomo into the recent pump (I was about to invest my emergency savings) But then I hit post nut clarity & it stopped me from putting my savings in.
That red candle was building up the courage to go out but then all the bulls started screaming at him saying "No recession here, only pumps gtfo" and so he just ran away quickly 😢
Alright we're in a recession officially GDP lower than expectations Party time, can we pump now?
My $50 ETH purchase yesterday is now $53, gonna take the profit and buy myself a soda at the gas station. Reward yourself friends.
sells $3.00 worth of eth, cost $2.50 in fees $0.50 profit
God can see you FOMOing in.
I do not understand these markets anymore.
And my dumb ass wanted to wait for the dip two days ago. 🤷♂️
Inject MATIC into my veins
*ETH up 14% this week* Boss: why were you late? Me: watch your mouth
Celsius has the most secure platform! I just got an email from them saying that there was a leak of celsius user emails...logged in just to make sure all my coins are still there...yup, no scammers are ever going to be able to make off with my coins on there....so completely secure! :)
The last 2 weeks felt crazy yet it’s so small on the weekly charts
FYI: CoinBase has a new earn activity for $3 in Galaxy token. Answers: 1/ The community 2/ buying or selling NFTs 3/ Staking
I'm finally green after my initial investment last May 😤🚀
Whatever happens tomorrow I just wanted to let you know its been an honor HODLing with you o7
Do you guys support cryptocurrencies being used as legal tender or are you guys in it for the money?
> Do you guys support cryptocurrencies being used as legal tender Yes, if cryptocurrency is a convenient, cheap, secure form of tender, then I don't see why I wouldn't consider it. I already use internet banking for many services in addition to card/cash if in person. I wouldn't use crypto to buy the loaf of bread at the supermarket, but, say, a new car, a lounge suite, a bed, a fridge/freezer, those purchases we already pay for online, why not with crypto? >or are you guys in it for the money? Also yes.
In it for it becoming the money
My portfolio is slowly creeping its way back into the green
should i buy ETH with my monthly money now or wait til end of august to buy it 2x? your honest opinion please.
Sold atom right before pump. My luck
Take profits before gdp or not 🤔🤔🤔🤔
So, anyway, I started pumping
OK, so the market immediately dumped on GDP news, and then popped right back up again. Totally normal.
They could announce that the world is ending tomorrow and prices would still pump.
Man I was gonna buy the dip and woke up to a pump. They don't want us to win
All you had to do was buy the bottom last month!
Why are we crabbing just go down already. Hopium is one hell of a drug.
I'm shorting stuff so if I was you guys I'd go long. Free money since I can't seem to get anything right
I am getting so much FOMO right now, ngl staying in cash is just painful at this moment. High interests rates, high inflation, a recession and everything is still pumping.... just how???
I feel like we are rocking back and forth on the edge of a cliff.
Its dumping in the opposite direction!!!! 😂
Ethereum up 11% - 7day Ethereum classic up 50% - 7day bitcoin up 3% - 7day bitcoin cash up 20% - 7day this world doesn't make sense anymore.
Watching livestream people going short against the trend and got liquidated
Oh we’re in a recession?? Bullliiissshhhhh!!!!!!
Don't fomo, don't fomo Dave... Just stick to the plan. Pay off the rest of your credit card. Then start buying!! But for christ sake don't fomo 😅😅
Bears in absolute disbelief 🫢
$611M shorts liquidated in the last 24h. $178M in the last hour alone
According to my calculator thats alot of money
Y’all are taking profits now right? Right..? - Anakin meme
I love crypto, it's so unpredictable. Smart and dumb people, make and lose money together ❤️.
Having a pump without bull gifs is just not the same..
Here you go friend. ![gif](giphy|gfDkToP253vWQMcnQy)
ETH at 1.7k already? damn
Have any of you checked the Polkadot Wikipedia entry recently? "Richard Paten, a hugely regarded advocate of dot,along with being high up as a polkadot cult member, tried to trick everyone that DOT was going to 100 USD by the end of 2022. With the failure of the “parachain protocol”, and the fact that nobody in the world understands how it works, DOT now sits at up 6USD causing investors major losses and crypto suicides to hit a high. [2]" Lol wtf
*Bulls*, Beets, Battlestar Galactica
My understanding is that any bad news = pump so I’m deffo going 100x long If the US announces a recession and the EU says they’re donating all their money to a donkey sanctuary
I had steak tonight. I'm going to have steak tomorrow. Here we gooooooo
that little pullback was such a hilarious bear tease
Hi, my name is Dave, and I have a gambling problem.
A recession but it identifies as a bull market. Its 2022 guys, respect it 💅
This market reaction to increased interest rates shows I don't know shit about fuck whilst sitting on my cash pile to buy a non existent dip. The priced in crew win this time.
Just wait until recession is confirmed
Going on with this theme, ETH to 2k on recession announcement
Just be offered a permanent position at work! I was basically being promoted just for the summer season but now it’ll be whole year long! Pay raise from November to go with it too! Juicy DCAs incoming!
shorters putting their clown mask right now
Glad I microdosed today, the Moons faucet had me correctly identifying horses made of clouds to get 0.069999999999 Moons.
Lots of green candles, no buttcoiners around, some good discussions in daily, and it rained a lot where I live. Today was a good day.
Will I get a custom flair if I buy membership?
Nope, the flair system is seperate https://np.reddit.com/r/CryptoCurrency/comments/d7wqmq/update_to_the_user_flair_system/
Can somebody tell me what isn't priced in?
Your mom as she charges by the pound but she keeps growing.
Woke up expecting for all of yesterday’s gains to be gone. Pleasantly surprised.
Today we learned that bulls fuck bears.
That's the biggest green dildo i have ever seen
“They” were wrong about the top… why would “they” be right about the bottom?
Woke up this morning like "Surely it's dumped again by now".
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Sweet baby gee-gee, the percent that I am net down is decreasing 🥹
And that's why you should DCA. Everybody was waiting for 14k BTC.
It feels great to recoup some unrealized losses.
\#1000x is trending on Twitter. hmm, bull market resumed?
this pump hit so hard that LUNA Classic holders are already predicting $1.00 by end of the month
Anybody else think it's crazy that you can earn a Venezuelan average salary by shitposting on this subreddit? Tell me something's not wonky is going on here.
How am I up $1500 since this morning? Can we get more recessions soon? This is great.
Just bought a bit of ETH to make a red candle spawn.
The "do the opposite of what common sense would dictate" strategy hasn't failed me yet. Recession, you say? To the fucking moon!
I swear I read a comment here yesterday along the lines of “is my ETH short safe, it can’t go to $1725?” Uhh… We need a follow up whoever this was!
Don't worry about red candles, we'll just redefine what a dump/crash/bear market is when it happens, problem solved 👍
Ether climbed 80% in 40 days. WOW
Didn't think I would say that tonight, but damn that green dildo is hot 🔥
This crypto market is to volatile for me at the moment, taking this week's DCA amount and buying myself Mega Millions lottery tickets. Jackpot is at 1 billion, I'm buying myself 1 million moons if I win to pump your bags.
anyone getting bored? Life is good now, i just DCA and go back to life, mining fiat.
Bought a little bit on a whim last night. Surprisingly a good call.
But the TV said it was a ponzi that was going to zero!
A new coinbase learn&earn is up, Project Galaxy. It's been a while since the last one
Hello and good day to you. When is this GDP meeting exactly? Also, as a side note I would like to share my miserable feelings for not having bought when it went back to 21k yesterday.
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Did ETH not get the PM that we're supposed to be in crypto winter?
Things are good. Let's enjoy it until it lasts. May not be longer as GDP numbers will come in just today.
Another resistance around $23k again. Going down soon?
I need a solid exist strategy from this nightmare
Do you chart watch more during a bull or bear market?
Yes 🤷♂️
Brace yourselves, it's about to get messy in 5 min.
GG guys it was fun while it lasted
US: recession. Crypto: so, anyway....
Recession, inflation, rates but market doesnt give a FK. I know some1 Will say its priced in. But can some1 elaborate while we are not reacting ?
Ok I’m not sure if I’m missing something here. Doesn’t a fed rate hike and 2 consecutive quarters with negative gdp normally affect stocks and crypto negatively? Why are we pumping since yesterday ?
Wait for end of day / tomorrow especially with Apple earnings
We're oficially in a recession Market: "bUlLiSh!"
The good thing is that we will have a truce until middle September. After the imminent dump we can go in rally . My 8 ball spoke clearly
IT'S ALL PRICED IN. Thank you for coming to my TED Talk.
Somebody promised me discounts today
They lied to us
Tried to time the market. Now eth is pumping without me 😢
This sub : Meta loses 74648B Rose: partner with meta 25% pump
We’re crashing up! ![gif](emote|rocketflyingup_emote|rocketflyingup)
Anyone else FOMO'ing in now?
I only FOMO on red days
BTC over 23k, ETH over 1700$ Today's a good day, gonna treat myself with some good Indian food
Eth on its way for the best month since january 2021. If it does even better it will be the best month since march 2017.
Markets almost always do the opposite of the obvious thing. Did you really think the "official recession" would send it to 0? If that were the case you could always just wait for the news and long/short depending on if its good or bad and make free money. Everyone would be a billionaire but that's just not possible, is it?
It's tempting to sell after every moderate pump, but don't lose sight of your long-term targets.
Yay I broke even on my crypto portfolio! (ducks)
bitcoin better not go above 24K or I might just have to FOMO in
Stop looking at the one hour chart, people
5 minute it is.
So glad I never stopped buying ETH
Recession & crypto goes together like cheese and wine 🤌
Why is crypto pumping? I feel like this makes no sense given the economy.
Bitcoin was a recession hedge all along.
Accidentally timed the dip 2 days ago and bought at 1350 because i finally had some fiat. It started pumping ever since. Hoping my bad luck is finally reversed lol.
Crazy how people only feel safe buying when its green. Then you wonder why everyone complain it always go down after they buy
It's nice to see a pump like this after weeks of destruction. I forgot how good it feels to see green ...
Imagine the market pumping after you sold. What a nightmare huh
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I'm gonna need a second asshole for all these green dildos. 😱
was browsing around in r/stocks Those people are talking about like 25 year investing timeframes and shit. Ain't nobody got time for dat! It's my money and I need it now!
Everyone now thinks we're going up and we're back on track. Everything was priced in and the dumps are no more. That can only mean there's going to be a dump soon.
Another Thursday closer to VET Coinbase listing.,.. xD
FOMC meeting yesterday? More like FOMO meeting. 😂
Sustainable pump or not, it's still nice to see what's possible after a long period of red and a much needed morale booster is always good
I still have trust issues, I know we're going up but I don't see any reason for that
ETH would have to drop around 38% to retest $1000. Are there any economic, geopolitical, or financial scenarios that would warrant that in the next 12 months?
Bullish on WW3
"Everyone is a genius in the bullmarket." - some random guy
Okay I just bought that Central African Republic coin. Let's see what happens. It's all very bizarre but whenever I see an interesting new use-case I have a bit of a hard-on
What constitutes a bag of something? Is there a certain amount or is it relative. Like bag of XRP how much I gotta HODL to be considered a bag holder.
wao very exciting market movement with the 75 basis point guys, i was on the edge of my seat entire time thanks guys
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An unexpected sea of green today - wow.
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Howdy pilgrims how all y'all holding up? I'm still knocking about in fields, living in tents, and bullish on BTC long term. Don't sweat the small stuff, and it's all small stuff.
As an ETH maxi I’m pretty happy that I diversified into matic. I use weth quite a bit (ETH wrapped on matic) due to the low gas fees. Have always been kinda worried holding it as we’ve seen what happens with other chains. But so far I’m excited for what matic is doing
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TBH less traffic on daily is nice. I can go thru all and waste less time
suffering from problem of overthinking, overeating and overinvesting
How many moons does a loaf of bread cost in your country?
I think 45% unrealized loss is pretty much okay in crypto? Right?
Unironically yes
T minus 5 and a half hours before we get the numbers for this quarter. Interested to see how market responds, even though if we're judging by today everything is already priced in so yeah
Doing an inventory of my crypto bags. One thing I realized is that in order to break even, I need Harmony ONE to do a \~9x. Oh my. Gonna be a long wait then.
LUNA needs to do a 150k x for me to break even. Any day now...
Nice green wake up. Perfect day
One of the shitcoins i earn from my defi plays has pumped +65% today. Time to sell some i guess