Topic: How bad can it get? - page 3. (Read 1834 times)

Doge is a POW coin. Perhaps priced too high, but not a dead project.. Guessing the future proce is difficult, but both btc and ethereum are oversold at the moment. If you time it right you can get an easy +50% in a few weeks.

Yeah, btc below 10k or around 10k is not bad, dogecoin to be acceptable as it contains high risk compared to btc, it needs to crash down to $0.001 or lower then I might purchase 5% of my money in it, that was its price before elon musk hyped it and sheeps started buying it. Anybody buying doge scamcoin for $0.05 right now deserves to be scammed.

Below 10K for BTC is the time to start investing if you want to target the next bull cycle down the road in a couple years or more.

Doge is already at the Buy price since it went below 10cents and really getting worthwhile @ 5cents and below if you want to accumulate as well for the next cycle.
It's price has been too high for the whole time since it shot up April 2021. It was a quick uptrend but not sustainable for it's market penetration it had.
I only wonder if it has any trend value & worth left in it for a new bull-cycle or did it exhaust itself in this one already.
Doge as a MEME has value. It's not a scam like the rest. Question is how long does a MEME retain it's value as a trend. Will it survive it's popularity to become something worthwhile or die trying. It's a coin like any else but has recognition and marketable value of it's own unlike many peers.

Markets have kinda eaten up the newness of itself from the populace at large, and burned many newcomers with these dump prices as most bought in through the HYPE with ATH prices thinking it would reach higher peaks rather than put them in the slaughterhouse.

Did this cycle burn too many people? We had many new entrants finally finding value to enter it but they did so at real high prices and they are getting REKT at the moment exiting their positions.
I find that too many people might have gotten themselves in trouble. Next cycle might take longer than anticipated to build.

Market conditions aren't favourable and frivolous money isn't readily available as in the past. Inflation will limit peoples spending habits.

Right now only people who need money, people who want to sell now and buy cheaper later and bitcoin miners are selling, bitcoin miners always sell at current market price, most people dont buy now because they know this coming bear market will last a long time, so if you missed the chance to buy at lets say 10k, dont worry, you will have another chance to buy at 10k before btc goes up again next bullrun, remember the covid dump as known as march 2020 dump, even if there was no covid dump scammers always create a dump before the next bullrun, remember the bitfinex hack in august 2016? that was much before the 2017 bullrun but that was when the bullrun started. The same can be said about march 2020, that is when the 2021 bullrun started

9k to 11k extreme...we call it 10k for now, that 10k would be a dream purchase if BTC is at 100k, the 10x mentality would be kicking again hehe. will go past 100k -200k then bottoms at around 30-40k next cycle.

if you don't want to risk not getting that bottom.. around 14k is a good entry too or around the price where saylor capitulates hehe.

If the bottom is anything like 2015 and 2019, we will make a bottom, trade sideways for months and eventually get a break upwards.

Everybody is looking for a capitulation candle or some type of V reversal and due to this many are dollar cost averaging buying however it’s not a wise move when it can bottom out at something crazy like $14K.

It’s best to wait and just buy it when it finally uptrends at like $15k or $16k rather than buying now. I assume many bought at $20K and are under water. So if it approaches $20K again most likely will be strong resistance.

I can't believe I got upset this morning when I saw BTC rebounded from $18k to $19k. Nowadays the lower price goes, the happier I get. Lol

On top of that I think I can get 4.3¢ after-tax residential power next month... which is perfect for bear market mining. Let's see how big the GPU price crash is. This time I get excited about the bear market unlike 2018 where I suffered greatly.

17.5k was not extreme, so i'm sure is not the bottom yet, the bottom is something extreme that nobody believes, for example like when btc crashed from 20k to 3k, right now to be as extreme as 20 to 3k, btc would have to crash to around 9k to 11k, that would be extreme. So reason i dont believe this is the bottom, it was too fast as well, the bottom takes time to be found.

About eth, eth still at 0.05 to btc, so is overvalued at the moment, eth to btc ratio in the crash is usually 0.03 and lower, so meaning if btc crashes to 10k eth will have to crash to 333 usd. This eth ratio will crash as we go from here, dont be surprised to see eth to btc crashing in the coming months and then we see the bottom, I mean in 2018 when btc crashed to 3k, eth to btc got as low as 0.015, so just for the sake of math, if btc crashes to 10k and that eth ratio is at 0.015 then that means eth at 150 usd, for refence always look what happened in 2018 November, will it happen that way again? we never know, if you dont believe this will crash more, you can always buy now, even if crashes a lot more no worries just keep your coins safe and hope for a better opportunity to sell high in few years.

 Or you are over calling it and the 17.6k for btc was the bottom.

and eth just got a bit under 900.

The rise could start tomorrow and good times for months to come.

Place your bets people.

good luck to the glass is half empty people
good luck to the glass is half full people.

I think sideways is done for the next year or so.

That is likely where this is going however it will take sometime for that, it takes time, there might be a bulltrap when btc hits 15k then goes up fast to 20k and then 25k then it crashes back to 15k and then 10k and lower as the true bottom, we'll see.

I remember how other users mocked you when you suggested a $10k bottom. I didn't believe it as well. But so far, Metroid has been correct ehhe.

I lost count of how many trolls said to me last year this phrase "this time is going to be different" when I said history would repeat itself and the huge crash would come in 2022. History once again won in the end and dont you trolls think next time will be different, it is proven time and time since 2011 that the crypto market is a pyramid scheme as known as pump and dump, only difference here is that the value of some coins are not created from thin air like is in other pyramid schemes, 99.9% of coins here are scams and their value is indeed 0 but some coins are legit but even if some of them are legit that does not mean they cant die or be replaced, so watch out and never put your eggs in just one basket, diversify and don't be a sheep, sheeps are the ones that are slaughtered in the end or eaten alive by wolves.


Thankgod it was rejected, a strong force saved you hehe

Anyway, btc is 18.5k at moment and it seems 10k is closer than ever. I wonder when catching the falling knife will not hurt me, maybe below 10k, 9600 usd will hit that cme gap that was probably never filled in 2020.

I applied to a job opening at Coinbase, so thank god I got rejected... ehheehee

My prediction was wrong too. I predicted $27k was the bottom, but now the price is $22k. So I need to eat my hat. At least I profited by not following my own advice, since I didn't actually buy any coins.

The best thing to do is let them overpay for btc, when btc was 40k and then 35k and then 30k and even at 26k I always said they were overpaying for it, they never listened, it will keep crashing and idiots trying to catch a falling knife, so let them, funny will be they buying for 22k and then seeing that 22k has become 10k and trust me, most that bought for 22k will sell for 10k or less hehe

https://cointelegraph.com/news/bitcoin-has-support-at-23k-but-analysts-warn-of-a-dire-drop-to-8k-as-global-debt-unwinds

"Bitcoin has support at $23K, but analysts warn of a dire drop to $8K as global debt unwinds". This will be like the 2020 march crash, btc crashed from 16k to all the way to 4k hehe

Truth is, people only learn through pain, so better to let them feel the pain ehhe

Most trolls have no idea how bad this will get till they see how insane a bear market crash bottom is. I have seen this many times since 2011, imagine seeing eth crashing from 900 to 80 usd in few days.

https://www.coindesk.com/business/2022/06/14/coinbase-will-layoff-around-1100-employees/

Looks like my prayers are already answered because I have been waiting for mining to become extremely unbearable for those who only want to make ROI, now hopefully we will see a huge reduction in mining difficulty.

This is paradise for miners

 Ive heard from crypto OGs that was gone to even not enough to pay its electricity, for a few months.

Everyday people are turning off their gpus because it makes no sense to mine anymore till a balance is hit, as soon as a balance is hit then negative profit will stop and then for 60mhs you will make few cents, $0.10 per day per gpu, it stayed in negative profit for months in 2019 for 30mhs and 30mhs is like 60mhs this cycle around, so eth will have to crash a lot yet for that to happen, i mean below 500 usd.

We come back to what I have been saying every cycle, people get spoiled, eth got to almost 5k and trolls thought eth crash to 2000 usd would be impossible, look where it is at moment, almost at 1000 usd mark, if you said eth would crash below 1000 usd trolls would laugh and kill you at the spot, people are spoiled, they will never understand that this market is made of cycles because that is the only way the rich gets richer, if you dont sell the bags when the price is good then your loss, same thing is if you dont buy when the price is good your loss too, use both sides then you win in the end but need to be very careful because there are too many scamcoins, need to know what to buy. I know many trolls who did not listen to me when I said luna solana shina inu doge and many others are scams, look now, they lost big and some lost it all.

Difficulty is going down with 1 P from 15 P to 14 P in Ethereum mining and I can make more Ethereum daily then I used to 2 days ago.I expect another massive difficulty reduction and I expect that the people who will win are those who will hodl in the middle of the bear market.I agree that bear market is a blessing for miners who want to become long term hodlers.I mined at a loss at 2018 and made a good amount of Bitcoin which in 2021 more specifically in February turned to 50.000 USD/40.000 EUR so I will still mine at a loss and keep the coins for the next bull run which I predict will be no further than 1-2 years from now.