Official Bitcoin Thread

[marcielago]

Question: I keep getting alerts from Kucoin telling me I can trade in futures to get awarded airdrops. I have no idea how that works. Can someone explain it and tell me if it’s a good idea or not? I’ve never dabbled in futures but I remember I used to get air drops all the time back in the day

 

[SupremeBeing5]

yall interested in a discord group? or nah the forum is good enough

i think there was one back in 2017

I'm still in it

Discord - A New Way to Chat with Friends & Communities

Discord is the easiest way to communicate over voice, video, and text. Chat, hang out, and stay close with your friends and communities.

discord.gg

This the one we use to use. It’s DEAD!

 

[iheartboost]

*leaves to work*
- BTC is over 42k

*gets to work*
- BTC is slightly over 37k

WTF happen?!

 

[geno90221]

*leaves to work*
- BTC is over 42k

*gets to work*
- BTC is slightly over 37k

WTF happen?!

Covid

 

[iheartboost]

This x1000

These “sky is falling” posts in here are so cringe

Who are you to tell somebody how they feel about their money? Whether it's 5, 20, 100 or 1000s, if ****** wanna act out because they just lost 20 racks in 30mins, let em breath.

 

[mplsdunk]

Question: I keep getting alerts from Kucoin telling me I can trade in futures to get awarded airdrops. I have no idea how that works. Can someone explain it and tell me if it’s a good idea or not? I’ve never dabbled in futures but I remember I used to get air drops all the time back in the day

I never traded crypto futures but s&p had me wanting to blow my brains out.

did it for two weeks. Probably put in 40 hours to break even. F all that.

 

[witnesskb24]

Who are you to tell somebody how they feel about their money? Whether it's 5, 20, 100 or 1000s, if ****** wanna act out because they just lost 20 racks in 30mins, let em breath.

Okay big guy

 

[tkthafm]

Pi Cycle chart I posted earlier here basically perfectly called the top.

Sure, could be wrong, could have more left to go, but it feels exactly like 2017. Institutions did nothing to stop 55% drop, I see no reason why 80-85% drop not possible.

Everyone will talk about buying the dip and hodling but let's see how active this thread is when we are many months/years deep into the bear market.

Only recognize a few names here now that were still posting at that time. Good luck everyone.

 

[1212theory]

Who are you to tell somebody how they feel about their money? Whether it's 5, 20, 100 or 1000s, if ****** wanna act out because they just lost 20 racks in 30mins, let em breath.

you don't lose until you sell, conversely you don't profit until you sell. so let's all relax and see where this goes.

 

[1212theory]

Pi Cycle chart I posted earlier here basically perfectly called the top.

Sure, could be wrong, could have more left to go, but it feels exactly like 2017. Institutions did nothing to stop 55% drop, I see no reason why 80-85% drop not possible.

Everyone will talk about buying the dip and hodling but let's see how active this thread is when we are many months/years deep into the bear market.

Only recognize a few names here now that were still posting at that time. Good luck everyone.

Pi Cycle Top Indicator has been debunked a few times. If it were correct, it would have indicated a crash within a few days (think 3 days but don't remember exactly) of BTC's top @ $62k or whatever it was a few weeks ago. Yes, the indicator was updated thereafter but any model using a handful of data points shouldn't be relied upon or given so much confidence.

Agree, with you on institutions and what everyone says during a bear/bull market about picking up some tokens. Though for institutions, I would imagine more coming into this space over time as crypto matures (ie regulations of some sort)

 

[mplsdunk]

I spent a lot on eth last week and yesterday. I might give it a little bit since it keeps going down.

 

[Raji Lowenthal]

Ideally I can keep flipping this same BTC like Biggie robbed people with same clip.

 

[johnnyredstorm]

Who are you to tell somebody how they feel about their money? Whether it's 5, 20, 100 or 1000s, if ****** wanna act out because they just lost 20 racks in 30mins, let em breath.

When you know what you own papi volatility is the cost of doing business and it should be taken advantage of. These are good opportunities to dollar cost average a little bigger than you normally would. Just always leave powder for things to go lower.

 

[tkthafm]

It has never been debunked. It indicated the top this cycle literally the day before it happened (coinbase IPO).

Pi Cycle Top Indicator | LookIntoBitcoin

Pi Cycle top is a free live data chart for Bitcoin. This indicator has picked the top of previous $BTC market cycles to within 3 days.

www.lookintobitcoin.com

I agree, no one indicator is infallible, but it was not the only reason I sold my BTC/crypto. All the garbage pumping, NFT, etc were all obvious euphoria/topping signs.

This thread (and also stock market thread) are also a good gauge for sentiment. When it is increasing by 20 pages a day full of noobs ready to throw money at total junk, we are probably near a big top. When it is totally dead, with 1 post every couple of weeks, it's a great time to buy.

Nobody wanted $3k btc or $100 eth.

Everyone wants $60k btc and $4k eth. Lol. Cycle will always continue.

 

[johnnyredstorm]

Pi Cycle chart I posted earlier here basically perfectly called the top.

Sure, could be wrong, could have more left to go, but it feels exactly like 2017. Institutions did nothing to stop 55% drop, I see no reason why 80-85% drop not possible.

Everyone will talk about buying the dip and hodling but let's see how active this thread is when we are many months/years deep into the bear market.

Only recognize a few names here now that were still posting at that time. Good luck everyone.

This is my only concern, the dip being much worse than expected and running out of powder. I’ve got some bids open at the 200 day for eth and 25k for corn but I wonder if I should just cancel it and play it by feel.

also tempted to throw a puke bid in MATIC at .40

 

[smedroc]

Question: I keep getting alerts from Kucoin telling me I can trade in futures to get awarded airdrops. I have no idea how that works. Can someone explain it and tell me if it’s a good idea or not? I’ve never dabbled in futures but I remember I used to get air drops all the time back in the day

Don’t do it.

It’s equivalent to the casino feeding you free drinks.

 

[mplsdunk]

Futures is like the slots for real.

waste hella time, maybe make a few hundred in one trade and slowly lose 20 bucks every trade for the next day while fees kill you. Then hit another 300 bucks to keep you alive.

 

[smedroc]

It has never been debunked. It indicated the top this cycle literally the day before it happened (coinbase IPO).

Pi Cycle Top Indicator | LookIntoBitcoin

Pi Cycle top is a free live data chart for Bitcoin. This indicator has picked the top of previous $BTC market cycles to within 3 days.

www.lookintobitcoin.com

I agree, no one indicator is infallible, but it was not the only reason I sold my BTC/crypto. All the garbage pumping, NFT, etc were all obvious euphoria/topping signs.

This thread (and also stock market thread) are also a good gauge for sentiment. When it is increasing by 20 pages a day full of noobs ready to throw money at total junk, we are probably near a big top. When it is totally dead, with 1 post every couple of weeks, it's a great time to buy.

Nobody wanted $3k btc or $100 eth.

Everyone wants $60k btc and $4k eth. Lol. Cycle will always continue.

Facts.

Whether we’ve seen the top or not.... Once stuff like SHIB is hitting 10 bill mcap you gotta put your jacket on and ask the waiter for the cheque

Combine that with the Elon ****ery and ‘ban’ news out of China and you got a perfect **** storm.

 

[1212theory]

It has never been debunked. It indicated the top this cycle literally the day before it happened (coinbase IPO).

Pi Cycle Top Indicator | LookIntoBitcoin

Pi Cycle top is a free live data chart for Bitcoin. This indicator has picked the top of previous $BTC market cycles to within 3 days.

www.lookintobitcoin.com

I agree, no one indicator is infallible, but it was not the only reason I sold my BTC/crypto. All the garbage pumping, NFT, etc were all obvious euphoria/topping signs.

This thread (and also stock market thread) are also a good gauge for sentiment. When it is increasing by 20 pages a day full of noobs ready to throw money at total junk, we are probably near a big top. When it is totally dead, with 1 post every couple of weeks, it's a great time to buy.

Nobody wanted $3k btc or $100 eth.

Everyone wants $60k btc and $4k eth. Lol. Cycle will always continue.

i think it circles back to question the methodology uses to determine cycle lengths and what constitutes as the beginning and end points of the cycle too. The difference in view points is how you measure cycle top to bottom, by halving periods, tops and bottoms etc. But i would agree, the indicator seems to be fine for what it defines the duration of the cycle to be in it's own model.

**and so i came into this cycle thinking that it'd be much longer than this, therefore wouldn't say we've hit a cycle top, but rather a local peak if that makes sense (back testing of all these fibs and areas for support before higher move up).

definitely agree with you on the market sentiment on those signs, and you are absolutely correct with the psychology - buy in green, sell in red.

 

[shazay]

Pi cycle top indicator was created during the last bear market. We don't even know if that was the top for the current cycle. So I wouldn't say its called anything correctly yet.

Personally I think the current cycle plays out like the 2013 one. We consolidate for a while and then things pick up again with a blow off top later.

 

[johnnyredstorm]

Personally don’t think it was a top that will lead to a long term bear market, but it was a short term top and we probably consolidate for the next 3-6 months at minimum before making an end of year push.

 

[MakeNTGreatAgain]

all this bear market talk, what happened to going to the moooon?>!!?!?!?!!??

 

[3am scholar]

Question: I keep getting alerts from Kucoin telling me I can trade in futures to get awarded airdrops. I have no idea how that works. Can someone explain it and tell me if it’s a good idea or not? I’ve never dabbled in futures but I remember I used to get air drops all the time back in the day

I do perpetual futures but on binance.com If you don’t have access to .com I recommend proton VPN (it’s free). I’m doing VPN method no problem. Buy BTC from Coinbase and transfer to binance. Only need email and password to setup. US binance doesn’t offer futures.

 

[Arthur Shelby]

 

[stuntman mike]

i’m learning even more interesting **** about myself. when the coins go up, i get really anxious and check my portfolio a million times. now that it’s dumping, i’m so much more relaxed and i can do actual work at work. right before bed, i saw it start to turn red and i figured it was coming and i slept like a baby

if it gets low enough, i’m thinking my wife will end up getting at least 1 BTC or a bunch of ETH on top of what we already have. we are doing budgeting with that everydollar app and are saving a ton of money rn. i can’t travel until the end of the year at the earliest so instead of a big vacation, we will probably keep DCAing into BTC and/or ETH as it drops and go big if it really tanks depending on the circumstance.