What the fuck happened?

I have been away from crypto for a while. I only got into it last year, bought some coins then had to sell it all as I had a personal injury and couldn’t work.

Now I am pretty much fighting fit, back to work and just about ready to start buying crypto again.

Had my first look at the prices this morning to give me an idea of what I want to invest in and its like all hell has broken loose. Everything has totally tanked.

I am looking forward to buying over the next few months again. I am hoping the prices stay this low or get lower for a while to let me hoover up some bargains.

How are you all taking the current state crypto is in?

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30 thoughts on “What the fuck happened?”

  1. Basically all the confidence and trust that was in crypto has collapsed and people are panicking trying to get out the door.

    Terra imploded, Luna and ust were sent in to a death spiral that caused forced selling by tons of people. Pressure from trying to hold the peg forced selling of btc causing huge cascading liquidations and sales of pretty much all crypto assets.

    Fears spilling over from ust have started now tether, and so overall pretty much everyone is handing in their chips.

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  2. I am just holding because I am down like 60-70% across the board. Just going to ride it out. If Bitcoin hits below $15K, I will buy. But right now, not doing anything. Going to wait till the dust settles. Tether failing is a huge blow to crypto so want to see what happens

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  3. I am numb to all this bleeding. Just going to chill I suppose and randomly look at the charts. It’s time for patience and maybe some DCA

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  4. Well, it could be a good time to get in. Granted it may go lower but prices are definitely good. Stay on budget and invest in solid projects!

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  5. >How are you all taking the current state crypto is in?

    To be honest, I’ve been better. But on the plus side, the wife hasn’t found out yet 😬😬

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  6. ETH/BTC and some select few crypto have weathered the storm. Some others, down 90-99.99%

    As for how im handling it, if id just followed my own advice and stuck to eth/btc and dabbled in atom i wouldnt be £10,000 in the hole.

    Oops.

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  7. 1) Federal reserve is raising interest rates to combat inflation. This will drive down the market in the short term. Especially tech, which correlates heavily with crypto.

    2) LUNA was a top 10 crypto with billions invested had a black swan event crashing to almost zero. Now the entire market is panicking and selling off.

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  8. When the Bogdanoffs left this planet their last instructions had been to Dahmp eet. Now that they are not here to give further instruction the market will Dahmp whether someone sells (previously the order when this occurred was to Pahmp Eet) or buys (this was almost always Dahmp Eet).

    Thus we have entered a fractal like loop which can only be paused if no one buys OR sells until a new powerful entity can control the market behaviour. Possibly AI based or an alien technology.

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  9. At least somebody is having a good time!! 😉

    If you can keep your head when all around are losing their’s…

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  10. You are just in time to buy very low. DCA and be patient if you got the money and attitude. See you in the next few years with your lambo.

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  11. TLDR: SELL, BUY, SELL, SELL, BUY, SELL, SELL, SELL, SELL, SELL, SELL, SELL, SELL, SELL, SELL, SELL, SELL, SELL, BUY, SELL, SELL, SELL, SELL, SELL, SELL, SELL, SELL, SELL, SELL…

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  12. Everyone screaming bear market while in reality I’m still earning the same income from work iv always made things are fine there’s gonna be a market bounce

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  13. Walks into a room after a mass murder with 14 bodies laying on the ground and a policeman crying. “Hey, gun misfire? I’m looking for some good prices on ammo.”

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