Cryptocurrency market trends I

[Apollo]

What are your thoughts on cypto mining?

Not worth it.

You are better off buying low (like at a very low RSI reading on the 3 day or 1 week chart) and then HODL for profit.

Most miners live in weird rural places next to hydroelectric dams and stuff like that. You can't compete with them living in a city with higher electricity costs.

 

[Eridani]

Not worth it.

You are better off buying low (like at a very low RSI reading on the 3 day or 1 week chart) and then HODL for profit.

Most miners live in weird rural places next to hydroelectric dams and stuff like that. You can't compete with them living in a city with higher electricity costs.

Thanks. I was thinking of investing in a mining rig when the prices of GPUs drop, but like you said I would be better off by putting that money into crypto directly.

 

[jabsveg276]

Thanks. I was thinking of investing in a mining rig when the prices of GPUs drop, but like you said I would be better off by putting that money into crypto directly.

From what I’ve heard, crypto mining can be worth it if you can eliminate the electricity costs.

 

[Apollo]

I have a strong feeling the low will be in June or July. Afterwards it will creep back up. Of course I could be wrong.

 

[JohnCena]

What's your DCA strategy? Just buy dips with fiat every 2 weeks?

 

[JohnCena]

I have a strong feeling the low will be in June or July. Afterwards it will creep back up. Of course I could be wrong.

dont you mean august? unless you're talkin about next year then my bad

 

[JohnCena]

Bullish on VET, ONE and XRP. I'll be focusing strictly on these 3 coins only.

 

[JohnCena]

Just a reminder that I still believe the mother of all crypto crashes will happen sometime this summer before XRP moons to the stratosphere.

#notfinancialadvice

still waiting on this. Hope we get to 20-25k at least

 

[Kant123]

still waiting on this. Hope we get to 20-25k at least

XRP from under 1 to 25K lol, maybe in 20 years

 

[kickz]

XRP from under 1 to 25K lol, maybe in 20 years

Probably means Bitcoin going down to 20-25k

 

[Sheikh Google]

Bullish on VET, ONE and XRP. I'll be focusing strictly on these 3 coins only.

Bullish on quite a few coins too. Some I think are here to stay long term. Only problem is picking the right ones lol. Don't want to spread myself to thin, rather hedge my bets on a couple and go hard and large.

 

[Sheikh Google]

I have a strong feeling the low will be in June or July. Afterwards it will creep back up. Of course I could be wrong.

Same here. One thing I know for sure is in crypto if everybody is thinking/going one way, crypto will go the opposite lol. Everyone still waiting for the biggg August winter crash might be disappointed. I personally dont see btc going below 25k ever again at that price it will be a steal for the layman let alone the whales.

 

[JohnCena]

XRP from under 1 to 25K lol, maybe in 20 years

Yeah I meant bitcoin to 25k. Forgot to add that in there.

XRP imo will hit 5-12 dollars then stabilize at like 2-3.

 

[ReerVanCadde]

I'm out of the crypto game for a while lol

 

[Apollo]

BTC will hit 23-26K soon.

Alts will drop even harder in % terms from here.

 

[kickz]

BTC will hit 23-26K soon.

Alts will drop even harder in % terms from here.

Alt prices gonna be real interesting if that happens

 

[Sheikh Google]

BTC will hit 23-26K soon.

Alts will drop even harder in % terms from here.

Wirya don't say that I need it to pump a lil bit more. Ive been slowly exiting out of my alt positions at near break-even and Im nearly done. After that let it shit the bed, I will hoover up everything in excitement.

 

[Periplus]

start buying PS2 and PS3 games.....

 

[Apollo]

Spoiler: @s

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There is this ''short term bullish, medium term bearish'' trade idea out there.. keep it in mind. This might invalidate a drop to 23-26K:

It is based on patterns seen in 2014 and 2018:

2014:

2018:

current 2021 case:

 

[Sheikh Google]

Broke even on all my small cap alts... Try to withdraw and remembered binance stopped gbp withdrawal. Im sitting in thether.. I am fucked lol.