Cryptocurrency

[DimPrawn]

So this is what they meant by the halving.

Turns out the only thing with true value is bog roll and tins of beans. Neither of those can be replaced by cryptos.

[scooterscot]

ohh beautiful

[scooterscot]

Might be the best price / time ever to get some

Price action bounced off the 200-week moving average. This week stock markets around the world smashed through this same MA,

[fullyautomatix]

Bitcoin is looking very rough

[AtW]

Bitcoin is looking very rough

Relax it ain’t worth anything - in a few weeks a single bog roll will be worth more than all tulipcoins in the world

[scooterscot]

Bitcoin is looking very rough

Pure panic. In the stock markets they pull the plug. In decentralised networks there is no plug. You'll look like a genius in a year from now buying some BTC today.

Most believe we're in 4-year market cycle because of the BTC halving I guess. I'm more of the opinion we're in a 6 year cycle. There's something very very satisfying about what is happening now and 2015 following our exit from the bear market.

Do you want a graphical explanation?

[DealorNoDeal]

At one point, BTC dipped below 4000. That's a fall of 50% in a single day.

Bitcoincharts | Charts

Time to buy?

[scooterscot]

Time to buy?

Think so. Especially at the announcement of mass money printing. What a hedge. As for risk.... this has happened before:




2015 - In 2015 following the golden cross and failed 21-week moving average BTC crashed 30-40% before a massive new uptrend lasting 2-years.










Now 2020 - something look familiar? - We're at maximum fear - now is the time to be greedy.

[scooterscot]

My first BTC cost me $750

[northernladuk]

My first BTC cost me $750 [emoji33]

But making yourself a laughing stock ever since - priceless.