WTF is now wrong, all cryptos down?

[JohnnyDoe]

lmao

unironically you kinda have to go through a face like that in order to achieve greatness in trading. My charts in '18/19 were clustered with bs

Back in 1999 people were paying me to see those drawings

 

[JackAlabama]

Too basic. Please add as a minimum Fibonacci retracements, gann fan, pivot points, Kaufman’s MA, Rahul mohinder oscillator and the Coppock Curve. Only then you can start to understand the market and draw horoscopes projections.

where are the elliot waves here?

 

[JohnnyDoe]

where are the elliot waves here?

Done:

We are in wave 5 of the micro trend, unless we are not. We will know later

 

[JackAlabama]

Done:
View attachment 8665
We are in wave 5 of the micro trend, unless we are not. We will know later

excellent!

 

[void]

We are in wave 5 of the micro trend, unless we are not. We will know later

I need guidance (for free obviously...) - does it mean I should buy, sell or wait?

 

[JohnnyDoe]

I need guidance (for free obviously...) - does it mean I should buy, sell or wait?

If you want to make a quick buck, I don’t know.
If you are smart, just buy regardless of the price whenever you have some fiat available.

 

[void]

If you want to make a quick buck, I don’t know.
If you are smart, just buy regardless of the price whenever you have some fiat available.

this pattern makes me buy.... it's obvious

 

[Dreamy]

If you want to make a quick buck, I don’t know.
If you are smart, just buy regardless of the price whenever you have some fiat available.

just wondering, you always say bitcoin bitcoin, but what about everything else? american SOL, or american ripple... or canadian ETH. Or is it all nonsense, and in your opinion it is only worth buying btc at any price always, and not looking at alternatives at all?

 

[JohnnyDoe]

just wondering, you always say bitcoin bitcoin, but what about everything else? american SOL, or american ripple... or canadian ETH. Or is it all nonsense, and in your opinion it is only worth buying btc at any price always, and not looking at alternatives at all?

I recently got rid of all the shitcoins. I am now holding only btc, ETH and xmr. If you want to diversify, follow a crypto index, such as the CCI30. Avoid picking random coins, you will get hurt in the long term.

 

[JohnnyDoe]

this pattern makes me buy.... it's obvious

View attachment 8666

In fact we’re back at 100k

 

[polonieth]

Not every crypto is rekt:

 

[JohnnyDoe]

Eventually people will understand that you don’t sell btc, you only HODL it.

 

[polonieth]

Lawyers at the U.S. Securities Exchange Commission (SEC) have been told they need to seek permission from the politically appointed leadership before formally launching probes, two sources briefed on the matter said, in a marked change in procedure that could slow down investigations. The change, which has not been previously reported, was made under new leadership at the SEC since President Donald Trump took office, the sources said, speaking on condition of anonymity as the move has not been made public.

https://www.reuters.com/world/us/se...tens-oversight-probes-sources-say-2025-02-02/

 

[cryptofriendly]

just wondering, you always say bitcoin bitcoin, but what about everything else? american SOL, or american ripple... or canadian ETH. Or is it all nonsense, and in your opinion it is only worth buying btc at any price always, and not looking at alternatives at all?

I got some grid bots on a few stronger ALTs just for fun, but it's just 4 digits to play.

You can make short term gains on ALTs if you ride the shills, but if you don't take profits they'll turn negative very quick.
And in a bear market they all get killed, we could see a glimpse of it in the price action yesterday (btc vs. alts).

If you want to keep your hair, BTC is the only choice.

 

[JackAlabama]

just wondering, you always say bitcoin bitcoin, but what about everything else? american SOL, or american ripple... or canadian ETH. Or is it all nonsense, and in your opinion it is only worth buying btc at any price always, and not looking at alternatives at all?

only bitcoin. The rest is all nonsense (i give eth a half pass here tho, plus the stablecoins if you must have them due to banking issues). If you want to diversify get some other asset class.

you can create some alts yourself and try to make some buck, or follow the influenzas (can be tricky) and it doesnt work for me now as it used to.

 

[polonieth]

you can create some alts yourself and try to make some buck, or follow the influenzas (can be tricky) and it doesnt work for me now as it used to.

https://pump.tires/

 

[intlman]

This is once again an assumption.

This is also an assumption. Your conviction, and your personal situation does not mean that other people should replicate it. This is why diversification is key. Only if I had top of the line insider information I would commit 100% of my net worth into a single stock/product.

If you understood money, then it would be painfully obvious that the current system is broken beyond repair. But it's a hard chasm for most people to cross, because then they have to admit that everything they were taught about money is wrong.

"Diversification" is simply selling the winner to buy a bunch of loosers.

Your stocks/bonds/cash/real estate etc is not keeping up with debasement. You think you're getting ahead (and you are in nominal terms), but in real terms you're going backwards very quickly.

 

[TheCryptoAnt]

Not every crypto is rekt:View attachment 8669

dude

 

[thomasparra]

If you understood money, then it would be painfully obvious that the current system is broken beyond repair. But it's a hard chasm for most people to cross, because then they have to admit that everything they were taught about money is wrong.

"Diversification" is simply selling the winner to buy a bunch of loosers.

Your stocks/bonds/cash/real estate etc is not keeping up with debasement. You think you're getting ahead (and you are in nominal terms), but in real terms you're going backwards very quickly.

Hard currencies will outlive you, me, your children and their great children.

Even if you recognize the current flaws of the current system and provide a reliable and widely recognized solution (spoiler: you don't), history is filled with systems, ideas, or practices that persisted for centuries or even thousands of years after they were widely acknowledged as problematic or unsustainable and their collapse. I have hundreds of examples to prove that your conviction is incredibly reckless:

- The Roman Empire: The empire had obvious signs of decline for centuries: economic instability, political corruption, military overexpansion, and currency debasement (sound familiar?)
- The Caste System in India
- The USSR: It took 20 years for it to collapse, even though it was evident in the 1970s that it eventually would.
- The QWERTY keyboard: This layout was designed 200+ years ago to slow typists down and prevent the typewriters from jamming. More efficient keyboard layouts have been invented (like Dvorak, Colemak), but QWERTY remains the global standard despite its inefficiencies.

I could keep going. Unless you want to bring your Trezor wallet with you in your grave, I would advise not to be 100% invested in cryptocurrencies but once again to each their own. Diversification and Freedom are the two key values on OCT and I try to abide by them everyday of my life.

 

[intlman]

Hard currencies will outlive you, me, your children and their great children.

Correct. BTC is the hardest money known to man.

- The Roman Empire: The empire had obvious signs of decline for centuries: economic instability, political corruption, military overexpansion, and currency debasement (sound familiar?)

Indeed. This is where all fiat currencies ultimately lead. Hard money always wins.

Unless you want to bring your Trezor wallet with you in your grave, I would advise not to be 100% invested in cryptocurrencies.

Bitcoin, not crypto. "Crypto" is ultimately replicating the existing financial system on new digital rails. Highly centralized control where only a few insiders get rich.