Hi guys, so was doing some reading on wired today... saw this http://www.wired.com/opinion/2013/05/lets-cut-through-the-bitcoin-hype/ This is the wikipedia page that tells you about Bitcoin (if you were as clueless as I was about it two years ago) http://en.wikipedia.org/wiki/Bitcoin What do you guys think about a new currency like this? Would it help or hurt online sales, both Legal and otherwise. Do you think it would help lego investors as being an easier way to transfer funds..? Just thought it could be fun to talk about..

Whenever I fall for that FOMO feeling it’s always too late and I get burned ... LEGO, stocks, and likely the same for crypto.


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Very dangerous market right now. 

Bitcoin feels like it has lost its power. If the bear comes & it goes down, it'll take everything down with it. 

On 5/15/2021 at 4:18 PM, elmaslıefendi said:

Very dangerous market right now. 

Bitcoin feels like it has lost its power. If the bear comes & it goes down, it'll take everything down with it. 

That's the best time to buy.
Here's where we are in relation to other cycles. Odds are likely in your favor. Best time to buy is now, not when everyone FOMOing in at 60k+.
Then again nothing is guaranteed, just go into it long term. It's like ordering a banana muffin at a really nice restaurant, the muffin should be really good, but nothing in life is absolutely guaranteed.

 

Edited May 16, 20214 yr by Setheronie

Anyone waiting to buy COIN (the stock) for below $250 here is your chance ?

On 4/18/2021 at 2:47 PM, elmaslıefendi said:

Big correction. 

Bigger correction? No.

Bear market is here. Pretty damn sure. Too much fud, too little hope, too many bad news, too many newbie weak hands following Musk on Twitter & ruining the party for everyone else.

I warned, I hope some listened. This was extreme greed & greed receives punishment. I saw 2018, it was a bloodbath. Sold in April, because I just had that feeling, we lost the crazy momentum we had in December. Not saying it can't recover in the short term but BTC is now down almost 40% off the ATH & it's looking like it's gonna stay down for a while.

Governments regulating the f out of it soon & institutions & companies are cautious after the Tesla-Bitcoin desaster. Smart money is out.

34 minutes ago, elmaslıefendi said:

Bigger correction? No.

Bear market is here. Pretty damn sure. Too much fud, too little hope, too many bad news, too many newbie weak hands following Musk on Twitter & ruining the party for everyone else.

I warned, I hope some listened. This was extreme greed & greed receives punishment. I saw 2018, it was a bloodbath. Sold in April, because I just had that feeling, we lost the crazy momentum we had in December. Not saying it can't recover in the short term but BTC is now down almost 40% off the ATH & it's looking like it's gonna stay down for a while.

Governments regulating the f out of it soon & institutions & companies are cautious after the Tesla-Bitcoin desaster. Smart money is out.

I think the quick money is out. Smart money still has their coin in cold storage. 

7 hours ago, elmaslıefendi said:

Bigger correction? No.

Bear market is here. Pretty damn sure. Too much fud, too little hope, too many bad news, too many newbie weak hands following Musk on Twitter & ruining the party for everyone else.

I warned, I hope some listened. This was extreme greed & greed receives punishment. I saw 2018, it was a bloodbath. Sold in April, because I just had that feeling, we lost the crazy momentum we had in December. Not saying it can't recover in the short term but BTC is now down almost 40% off the ATH & it's looking like it's gonna stay down for a while.

Governments regulating the f out of it soon & institutions & companies are cautious after the Tesla-Bitcoin desaster. Smart money is out.

bogo free

when you look at the crypto market as a whole, it really is quite pathetic.

Such a great buying opportunity!!!

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19 minutes ago, House Schubert said:

Such a great buying opportunity!!!

doesnt matter. it just lost all credibility yet again.

22 minutes ago, House Schubert said:

Such a great buying opportunity!!!

Coinbase crashes several times..  Crypto armageddon...

Obviously there are a billion factors at play here.  However, safe to say a recent major player has been the Colonial Pipeline payment to Darkside in form of Bitcoin.  This did not help the argument of how to regulate the black market use of bitcoin.  Along with China cracking down hard again on Crypto in general. 

Edited May 19, 20214 yr by BricksBrotha
typo

2 minutes ago, Darth_Raichu said:

Coinbase crashes several times..  Crypto armageddon...

When you aren't invested in these things, it is significantly more exciting when watching something tank.

Seriously, what is the chance Bitcoin going to sub 10k ? Asking for a friend... 😉

Just now, Darth_Raichu said:

Seriously, what is the chance Bitcoin going to sub 10k ? Asking for a friend... 😉

I wasn’t hopeful that I would ever have the chance again to buy sub-$30k...

Is this the buying opportunity we were all waiting for?

ime mass delusion doesnt evaporate overnight. faithful will stabilize btc ether soon its poised for a rebound...i just bought ether @ 2200

Just now, Bricklectic said:

ime mass delusion doesnt evaporate overnight. faithful will stabilize btc ether soon its poised for a rebound...i just bought ether @ 2200

Same

4 minutes ago, House Schubert said:

I wasn’t hopeful that I would ever have the chance again to buy sub-$30k...

You should definitely invest every bit of your money in it.

Oh, crypto sale!

Edited May 19, 20214 yr by KvHulk

carter worth has a nice rundown of the history of bitcoin draw downs.  it starts around 1:50.  in a nutshell there have been 11x drawdowns over 30% since btc began, average drawdown is 55% so we're getting close to average drawdown.  he has $29K as the support level (bounce point) which we are pretty close to.  

https://www.cnbc.com/video/2021/05/17/he-called-the-drop-now-the-chartmaster-says-theres-a-new-key-level-for-bitcoin.html

 

Edited May 19, 20214 yr by cladner