Crypto Crashes

[Whale]

Well well well. Crypto markets capitalised at 2.5 trillion 6 months ago and this morning it was half that, having lost 1.25 trillion USD value in six months.

 

Luna, a poster child of crypto influencers esp on YouTube has lost 99% of it value in 5 days! Yes five days ago it was 100 USD n this morning its 1 USD.

 

Bitcoin is 29k but was 69k six months ago.

 

Is it over? Or is the beginning of something? Is it broke? Are you broke? Are you smiling the I told you so smile :+)

 

(PS this is prob my last post thread as I leave Thailand for UK then Greece at the Weekend and don't anticipate a return)

 

 

 

 

[KannikaP]

Looks like it.

Up goes the price of a Tesla.

[Neeranam]

Great time to buy when there is so much fear. 

 

I am buying. Actually bought Luna yesterday at 90c. 

[Whale]

54 minutes ago, Neeranam said:

I am buying. Actually bought Luna yesterday at 90c. 

I bought a small bit this morning at 1.08. Figure must be worth a gamble. I only bought a t tiny bit though.

[ThailandRyan]

1 hour ago, Neeranam said:

Great time to buy when there is so much fear. 

 

I am buying. Actually bought Luna yesterday at 90c. 

luna at .41 cents now, has it reached the bottom of the dip, only time will tell.  With the new push to regulate crypto I wonder how much of that has driven the prices down.  My Ether has dropped almost in half of what it was 6 months ago, yet I am still up from when I bought into it years ago.

[RafPinto]

1 hour ago, Neeranam said:

Great time to buy when there is so much fear. 

 

I am buying. Actually bought Luna yesterday at 90c. 

Oh dear...

[RafPinto]

https://coinmarketcap.com/currencies/terra-luna/

[RafPinto]

[ThailandRyan]

8 minutes ago, Whale said:

I bought a small bit this morning at 1.08. Figure must be worth a gamble. I only bought a t tiny bit though.

Still dropping

[ozimoron]

LUNA suspended by Prime XBT. I think it will just go to zero. There was some concern that the company had bought 10 billion in BTC and might sell it to prop up LUNA but it looks like they might just walk away with the bitcoin. Pure speculation on my part.

[RafPinto]

[RafPinto]

[RafPinto]

[RafPinto]

How many were thinking to get rich quickly and went all in, many on leverage.

Total wipe out.

[AwwYesNice1]

Got shares for a nice shiny bridge in Bklyn for y'all.

Only cash accepted tho....

 

[ThailandRyan]

5 minutes ago, AwwYesNice1 said:

Got shares for a nice shiny bridge in Bklyn for y'all.

Only cash accepted tho....

 

Stocks are also sinking so its not just Crypto, S&P 500 down to its lowest in a great long time same with the NASDAQ, Glad I moved shares into Oil and Natural gas and have been trading Options and Puts.

[cyril sneer]

when it stops dropping think i'll start buying

[HappyExpat57]

I remember a time when I thought "I have some money to invest. Why not buy oil? It will NEVER go down in value!" Then I thought better and just kept it in the bank. Sure nuff, oil started to plummet. This is all just too risky and I really don't need to gamble like this.

[Neeranam]

29 minutes ago, Whale said:

I bought a small bit this morning at 1.08. Figure must be worth a gamble. I only bought a t tiny bit though.

Thing is I doubled my stack for very little money.

 

Kinda like insurance.

 

Luckily, I was not big on Luna. Sold 10% of my DOT to get some. 

[RafPinto]

4 minutes ago, ThailandRyan said:

Stocks are also sinking so its not just Crypto, S&P 500 down to its lowest in a great long time same with the NASDAQ, Glad I moved shares into Oil and Natural gas and have been trading Options and Puts.

Glad that my biggest holding is SHELL.

 

 

[Walker88]

And all these conjured from nothing things, created by unknown people with an unknown intent, should go back up because why?

 

Because it used to be at a higher price?  Because you used to have a higher paper net worth?

 

It certainly isn't because any of these entities will have 'good earnings'.

 

Retail came late to the party, and the founders used retail's enthusiasm and naivete to unload much of what they had created. Usually they pump these things back up, but there will come a time when they've cashed out enough and passed on the pie-in-the-sky dream to the Greater Fools. Maybe that is now, maybe not.

 

A guy I once worked with, when he began trading, used to keep a sign above his trading desk that said "Losers Average Losers". I used that in my own career as a hedge fund manager. It was wisdom I was happy to steal. Another bit of wisdom I stole was to continually move up my stops in a winning position. Neither I nor the market gives a flying f where I put the position on. Only the taxman cares. Obviously lots of folks in crypto failed to do that and are now living on hope.

 

Incidentally, the guy is now worth $7 billion and is on the Forbes List of Billionaires.

[RafPinto]

Musk must also feel the head.

TSLA dropping sharply and his holdings in DOGE and BTC.
Also his Twitter investment where he promised a much higher price then it sits now.

[Mac Mickmanus]

3 hours ago, Whale said:

(PS this is prob my last post thread as I leave Thailand for UK then Greece at the Weekend and don't anticipate a return)

If and when you leave Thailand , you can still post from other Countries .

You dont have to be in Thailand to access these forums 

Edited May 12, 2022 by Mac Mickmanus

[RafPinto]

I follow a guy on youtube about BTC 555

 

He bought at 43k, big in 555

Bigger in at 40k

Even bigger in at 385k

And again at 35k

AT 33k 100USD in

At 30,5k all in

30k is the bottom, I know it, I have the charts ????

 

He leveraged his purchases.
Now not more online.

Margin call ????

[Mac Mickmanus]

18 minutes ago, RafPinto said:

I follow a guy on youtube about BTC 555

 

He bought at 43k, big in 555

Bigger in at 40k

Even bigger in at 385k

And again at 35k

AT 33k 100USD in

At 30,5k all in

30k is the bottom, I know it, I have the charts ????

 

He leveraged his purchases.
Now not more online.

Margin call ????

What is "BTC 555" ?

[Whale]

Total MKT cap just hit 1.15 trillion and still falling. 10% loss this morning alone. BTC just nudged 26500

[RafPinto]

5 minutes ago, Mac Mickmanus said:

What is "BTC 555" ?

Butternut squash.

[Mac Mickmanus]

1 minute ago, RafPinto said:

Butternut squash.

I have no idea what we are talking about , completely lost 

[RafPinto]

53 minutes ago, ThailandRyan said:

Still dropping

 

[choff56]

41 minutes ago, AwwYesNice1 said:

Got shares for a nice shiny bridge in Bklyn for y'all.

Only cash accepted tho....

 

I'm interested, Manhattan or Williamsburg?