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Topic: How is everyone doing? - page 2. (Read 308 times)

legendary
Activity: 2576
Merit: 1087
November 10, 2022, 10:10:29 AM
#4
Thanks for asking. I’ve been mentally preparing myself for a $13K BTC so I’m not too worried yet. I will admit though, I was hoping we would see Bitcoin hold the $20K range. I am curious how deep this recession will be and if interest rates are going to continue rising while assets get clobbered. I still haven’t shut down all my GPU miners though and am still optimistic that once this crash is behind us, there will be brighter days ahead.

Sensible. Whatever views I might have, I don't want to see us plebs losing money, and a surefire way to do that is selling at a loss Smiley

Anyone lucky enough to have taken a few profits at the highs might see some value here. I know "my Bitcoin" is super cheap right now, and I am sat on big "paper" losses!

Be interesting to see how Saylor, Musk et al deal with it, I can't recall their exact respective cost basises (sp?) but they gotta be hurting a little now.
donator
Activity: 4732
Merit: 4240
Leading Crypto Sports Betting & Casino Platform
November 10, 2022, 09:37:57 AM
#3
Thanks for asking. I’ve been mentally preparing myself for a $13K BTC so I’m not too worried yet. I will admit though, I was hoping we would see Bitcoin hold the $20K range. I am curious how deep this recession will be and if interest rates are going to continue rising while assets get clobbered. I still haven’t shut down all my GPU miners though and am still optimistic that once this crash is behind us, there will be brighter days ahead.
jr. member
Activity: 32
Merit: 50
November 10, 2022, 08:59:57 AM
#2
I'm not sure anymore, lets be honest, Bitcoin keeps going lower and lower.

I'm a bit worried as I purchased a bunch of bitcoin recently, probably average of around 21K.

To me it seems it is inevitable bitcoin will reach 10K, or what most people seem to expect in this downturn.

10K and why not? That would still be a large increase in bitcoin and put it back tot he 2019 price as what most people expect the stock market to hit.

What I think is, we will definitely hit the  bitcoin 2019 price point, and the stock market will also hit 2019 levels.




legendary
Activity: 2576
Merit: 1087
November 10, 2022, 08:34:32 AM
#1
Well, now things get interesting!

We finally come back to what should have been the top at around 16500!

As we all know the past 2 years was Tether's very own version of Willy Bot, but on steroids. It was always going to com out in the wash and now the DoJ/SEC on the case it looks like its gonna be [urhttps://www.youtube.com/watch?v=45elFFLgnEY]scrubbing day[/url] pretty soon...



So, will ~16 hold and become the new base for another speculative run up?

I for one welcome regulation in the space. Yeah I know GUBBERNMENT BAD... but don't forget, the regulators are going after the scammy exchanges and ponzi schemes that are screwing retail investors - they don't care about you and your sovereign Bitcoin, you are not a criminal... right?

Keep your corn off exchanges, use them to transact, respect bast practice for privacy and you get all the benefits of Bitcoin with assurances that nefarious actors can't screw you.
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