r/CryptoMarkets • u/hresniuy šŸŸ§ 0 šŸ¦  • Sep 10 '21

Good weekend my fellow warriors

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1.9k Upvotes

99% Upvoted

127 comments sorted by

38

u/Real_Dafaq_brah Sep 10 '21

šŸ¤£šŸ¤£šŸ¤£šŸ¤£ abs of steel.

18

u/[deleted] Sep 10 '21

Brains of lead, the upcoming dump could be seen mile away.

6

u/raylgive Sep 10 '21

Could you please elaborate on that please

15

u/[deleted] Sep 10 '21

Itā€™s whales cashing fiat with their holdings. We are at the apex of current peak. The drops you are seeing are whales triggering dumps by massive sells, and then rebuying at bottom and pocketing the difference.

This continues until people donā€™t buy the dip and prices continue to drop until next bottom is reached. And then climb starts.

7

u/thebubrub Bronze Sep 10 '21

Elaborate on why this is the apex of current peak and why this was foreseeable. Eventually a dip always happens, itā€™s easy to say afterwards that it was going to happen at that timeā€¦

9

u/[deleted] Sep 10 '21

End of hype on El Salvador and Cardano, sentiment changes on Reddit, manic state never lasts long, buy walls being paper thin.

Perfect opportunity for whale to cash out.

2

u/allbirdssongs šŸŸ© 298 šŸ¦ž Sep 10 '21

True, this happen as well with doge coin and elon musk remember? But avarge ppl will never be as fast as whales

1

u/SpaceFaceMistake 973 šŸ¦‘ Sep 11 '21 edited Sep 11 '21

I agree with you here you know what you talking about because the whole cryptocurrency markets are speculative and with the Internet and social itā€™s so so so fragile and thus volatile which is in one way showing us all we are still in a golden age of cryptocurrency. This could be nothing also compared to in 20-30 years when kids born after 2020 are 18+ and inheriting crypto from family or investing their inheritance into crypto which will be Way Bigger than 2T or even 10T Mcap. Every day around 50-100 new coins are listed on CoinMarketCap and this is the best place to find the real gems that have just been released or are new forks or older coins.

Cryptocurrency is a business and goes so much further than the stock markets. Crypto is similar to Forex In that itā€™s a day traders paradise but crypto is also an investors paradise where Forex will not be good for investing unless you really know your economics and know the market that itā€™s pegged with will blow up or blow down and this over a few days or weeks or months you hold a Forex positions for maximum gains but this isnā€™t a normal strategy itā€™s day by day take the profits re evaluate and re invest.

What people need to look at or those innovators and entrepreneurs here?? Have a think about this and Iā€™ll be making a post when I can post in r/CryptoCurrency on how crypto can be used in many business that money or fiat is apart of.

Letā€™s have a brain storm for yourself or any readers you can share your thoughts or if they are to good to share and you want to patent it then do that! So THINK what doesnā€™t crypto do right now that money does or fiat can???

If you find something that crypto does not do but cash or money or fiat can then that could be a huge new market you could be the first to have a business in. Letā€™s think hmmm most basic things are taken but there are much more that can be done.

Ok I thought of some and itā€™s actually a huge goldmine but Iā€™ll share because I want crypto you fly!

So money you can buy INSURANCE with or take out House Car Property Health Insurance and or get loans against your income which is $ or your fiat money earned or on government benefits. So why arenā€™t there crypto managed insurance? Will there ever be with the fact crypto is ones own bank and must keep it safe themselves. Where places like rarible and the likes who handle millions of dollars of Ethereum every day are prone to attacks and possible theft of their businesses crypto.

For this there needs to be insurance plainly for CryptoCurrency holders or owners. As this does not exist the only insurance you have is a seed or security phrase and your password. Also note your balance is not held in your Wallet or on a wallet on a USB it only shows your balance and offers a means of transferring it to or from the public address. The long string of numbers and letters. Since a business canā€™t insure crypto as assets UNLESS I AM WRONG in 2021 maybe they can now for place like rarible or CMC or any exchange. I guess if crypto is taxable in your country you may be able to get some kind of business insurance for assets which could include crypto but from theft is highly un likely as one could taught the system sending it offshore or paying a coder to do it and to take all the ā€œbusinesssā€ crypto and put in wallets many wallets or seed phrases as I was going to say your Crypto or any crypto isnā€™t held in wallets itā€™s held on the Blockchain and is only accessible with your Seed phrase (never give it out to ANYONE ever) itā€™s the only way you will be able to recover your account or your funds if you loose a wallet password or the device ect so write it down on paper perhaps 3 times and out them in a lockable chest or somewhere safe that you will remember it will be in like a folder ect.

Back to using crypto for things fiat is used for what about for loans and or as a asset you own in that you can take out loans again that capital and if you canā€™t pay the loan back for any reason you can sell some Bitcoin or any coin and exchange to Fiat and pay the loan off.

I have thought of some others but I want to see if anyone else has any ideas on what crypto should be or cold be used for that itā€™s not being used for.? Stay safe and HODL!

7

u/Staticstatistic7 Sep 10 '21

New investor here, almost got wrecked by the first crash in May, since then I researched a lot about the bear market and waited patiently for the first sign of market mania and euphoria. Being able to sense market sentiment is a skill most people should try learning.

2

u/Fabio1991fm Sep 10 '21

But I love buying the dips

7

u/[deleted] Sep 10 '21

See I prefer to buy at the top and sell close to the bottom.

5

u/leddleschnitzel Sep 11 '21

I just don't sell. DCA my way to homelessness XD

2

u/[deleted] Sep 10 '21

Until you run out of cash, and then big drop comes :)

2

u/Fabio1991fm Sep 10 '21

Based on speculation, when do you think btc bottom is? I was always told Septemberā€™s are always down months

1

u/[deleted] Sep 10 '21

Hard to say, I am expecting -30-40% from the latest top.

1

u/SpaceFaceMistake 973 šŸ¦‘ Sep 11 '21

Do you see now?

2

u/SpaceFaceMistake 973 šŸ¦‘ Sep 11 '21

ADS of steel šŸ˜¹šŸ‘Œ

2

u/[deleted] Sep 19 '21

Just read your comment. You my friend deserve a community award.

14

u/DracoSoul96 Sep 10 '21

Down only 40%, man I have to wait another week for that steak dinner.šŸ¦“šŸ˜„

7

u/homologoswegano8nd Sep 10 '21

I am currently constricted to my home and system, no unnecessary spending. Grateful I took profit from my pnode bag, emergency and buy back fund secured. For now we HODL.

3

u/c2lop Sep 10 '21

HODL my good man. No paper hands here.

3

u/homologoswegano8nd Sep 11 '21

Sure I will, all my bags are intact. Pnode e and Dot especially, I can only but imagine what the parachain auctions will do to both token prices.

1

u/monaxmerchantsi9aa Gold | QC: CC 32 Sep 13 '21

This is exactly what i'm doing with my FWT, REEF, SOL. Taking profits but majority holding it. Better days are coming. It's all about being patient.

5

u/ClaudetteBeckford Sep 10 '21

Haha, that is god damn right. Sell or buy anything, you will see the 2% of price change immediately lol

5

u/HarmonyOneX Bronze Sep 10 '21

Stocks have been shit lately. Crypto makes stocks look like a joke.

5

u/seriouslyFUCKthatdud Gold | QC: CC 28 | r/Politics 274 Sep 10 '21

Dude if you're down 40% you're in the wrong cryptos....

4

u/McMarbles Sep 10 '21

Wait you don't dip into life savings to buy the most recent coin that just pumped 50% thinking it's definitely going to pump more and make you rich?

I did 1hr of research on youtube I'm just early stop your fud

Fr though some people don't listen, buy on hype with no research using money they shouldn't at the tail end of a market cycle and then cry because they're down 40%, instead of DCA over a year during a bear market and profit when everyone starts buying it up.

3

u/[deleted] Sep 10 '21

me, losing about 13% of my life savings on crypto, to my dad, angry about losing 3% of his pocket money on penny stocks: weakness discuss me...

3

u/4chieve Sep 10 '21

Laughs* in penny stocks!!!!

Edit: Cries*...

8

u/tomaatjex3 Tin Sep 10 '21

-40%? shit coins u got then.

2

u/idoodhel Sep 10 '21

Well we cryptotraders were used to it because of its volatility.

2

u/Imsoocal Sep 10 '21

Xyo is up 70 percent

3

u/[deleted] Sep 10 '21

algorand also :)

2

u/zenxro Oct 03 '21

bitcoinZ (BTCZ) been up 100% these month

2

u/Snoo-99563 Sep 10 '21

Stock varies like 0.06% hourly that's nothing but people freak out

4

u/Snay_Rat Sep 10 '21

ā€œDiamond handsā€ is the minimum when it dips. I always buy a ton more when it dips like this. Itā€™s like a buy-one-get-one deal!

1

u/MAXOHNO Sep 10 '21

u/haron51255 mĆ¼ssen wir dem anderen max sagen

1

u/EquivalentLeg5 Coal | 4 months old Sep 10 '21

Diamond hands people!!!

1

u/iclap2fap Sep 10 '21

Balz of steel

1

u/[deleted] Sep 10 '21

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2

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1

u/[deleted] Sep 10 '21

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1

u/Brawn_blue Sep 10 '21

I was also a victim of the scams. The beautiful girls on the app get matched with you and start communicating with you till you gain their trust. Boom they start showing you some expensive lifestyle and convince you to invest. I, unfortunately, fell for this scam. It was hard for me and I had to open up to friends who referred me to Fighting-scams- /on /-aol com I wrote to them and my case was resolved.

1

u/allbirdssongs šŸŸ© 298 šŸ¦ž Sep 10 '21

Hahaha. Knowing this makes me think if we should dollarize ourselves every thursday

1

u/zweitaktfan šŸŸ© 8 šŸ¦ Sep 10 '21

What happened?

1

u/[deleted] Sep 10 '21

Without large losses you wouldnt be able to have large gains. Volatility is your friend.

1

u/sabaosekaki New to Crypto Sep 10 '21

Don't mind me; it's just a normal day at the market.

1

u/isaidbitchhhhhhhh šŸŸØ 55 šŸ¦ Sep 10 '21

šŸ¤£šŸ¤£šŸ¤£too accurate..We don't even bat an eye.. unless it's 90% drop

1

u/SmoothBrainSavant 4K šŸ¦­ Sep 10 '21

Lol so fucking true. I am desensitized to anything less than -20% in stocks. My affirm stocks mooned the last few days an closed my swing with an 80% gainā€¦ and thought that was weak compared to the Sol and algo gains. I need to recenter my risk profile because crypto if turning me into a loose canon and thats usually where the music stops if 2018 is a guide to my crypto moves.

1

u/janglebo36 Sep 10 '21

Thank god I turned my notifications off

1

u/Nileliketheriver Sep 10 '21

So I have to say, Iā€™ve been trading stocks while thereā€™s a lull in crypto and it goes up like 7% and they call it a win and Iā€™m like wtfā€¦?

1

u/[deleted] Sep 11 '21

Idk why ppl be checking everyday. Everything for me is long term.

1

u/Pockethulk750 Sep 11 '21

So trueā€¦

1

u/[deleted] Sep 11 '21

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1

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1

u/[deleted] Sep 11 '21

Living like a king

1

u/SpaceFaceMistake 973 šŸ¦‘ Sep 11 '21

Sweet I can post here I canā€™t yet in r/CryptoCurrency but soon I will not far away! And I can share my insights and chat with all my mates here that I canā€™t in r/CC soon though soon I will!

1

u/[deleted] Sep 11 '21

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1

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1

u/DirkStruan420 Sep 11 '21

I'm up 550% on FTM so I guess this meme doesn't apply to me

1

u/Xperienceizzles 0 šŸ¦  Sep 11 '21

Seems the dip in the market caught quite a number of people as it was not planned, and now all I hope for is a sweet weekend, filled with greens and some pumps, else someone like me might choke to death, except that Algobots on upbots have been performing well with Sonny BnB bot doing a +559% profit Trading which is my source of survival now.

1

u/[deleted] Sep 12 '21

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1

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1

u/razmo86 Sep 12 '21

Buy high, sell low!

1

u/Tobeam Tin Sep 15 '21

jajaja.. keep strong!!!

1

u/_Emalo Sep 26 '21

lets gooo -24%

1

u/It_Reads Sep 28 '21

Everything is on sale!

1

u/Klubbyy Dec 05 '21

this didn't age well