Posted by fredsaid on 23rd of May 2021 at 02:47 pm
Crypto tank continues. BTC at 32-33K, ETH at 1800-1900
trying to find a base. I'm gonna put in some low ball orders
10K lower on BTC and around 1250 on ETH in case there is another
spike down. Any ideas on where these might find footing
assuming this isn't the end of the road for the next 4 years (which
it could be) ?
BTC has to hold around $32K, otherwise there seems to be an air
pocket with thin volume until about $19K. ETH is right about a big
support slightly below $2K (I added some) but I'm reading about
allegations of 'stablecoins' as ponzi. If stablecoins blow up,
particularly stablecoin by Coinbase, we could get BTC and ETH so
much cheaper, like 2015 cheap...
Posted by fredsaid on 24th of May 2021 at 01:31 am
Agreed. I like to think the 2015 levels or shortly above
the "cost to produce" will be back. My preferred exchange is
Binance.US. If we get near those levels I will back up the
truck this time.. kicking myself for not doing it last year.
Didn't know I can get Binance account in the US... doh. I'm
hoping ETH holds above $2K. Right now it is sitting at my cost (I
averaged down). Sitting on a loss on BTC.
After this massive drop, I kind of like cryptos more than
before, despite losses. No banks, no central banks intervene to
support the prices, unlike their stock market and bond market
intervention. There is no circuit breaker. The prices could go to
zero. Wild-west free market.
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Crypto tank continues. BTC at
Posted by fredsaid on 23rd of May 2021 at 02:47 pm
Crypto tank continues. BTC at 32-33K, ETH at 1800-1900 trying to find a base. I'm gonna put in some low ball orders 10K lower on BTC and around 1250 on ETH in case there is another spike down. Any ideas on where these might find footing assuming this isn't the end of the road for the next 4 years (which it could be) ?
Which exchange do you use,
Posted by lapri24 on 23rd of May 2021 at 05:38 pm
Which exchange do you use, may I ask?
BTC has to hold around $32K, otherwise there seems to be an air pocket with thin volume until about $19K. ETH is right about a big support slightly below $2K (I added some) but I'm reading about allegations of 'stablecoins' as ponzi. If stablecoins blow up, particularly stablecoin by Coinbase, we could get BTC and ETH so much cheaper, like 2015 cheap...
Agreed. I like to think
Posted by fredsaid on 24th of May 2021 at 01:31 am
Agreed. I like to think the 2015 levels or shortly above the "cost to produce" will be back. My preferred exchange is Binance.US. If we get near those levels I will back up the truck this time.. kicking myself for not doing it last year.
Didn't know I can get
Posted by lapri24 on 24th of May 2021 at 01:59 am
Didn't know I can get Binance account in the US... doh. I'm hoping ETH holds above $2K. Right now it is sitting at my cost (I averaged down). Sitting on a loss on BTC.
After this massive drop, I kind of like cryptos more than before, despite losses. No banks, no central banks intervene to support the prices, unlike their stock market and bond market intervention. There is no circuit breaker. The prices could go to zero. Wild-west free market.