I feel bad for all of you who weren't here earlier this year. XRP was the last coin to moon back then, it was the grand finale of an EPIC bull run. Looks like the exact same thing is happening again.
Let me tell you how this will play out. Smart money has already left the building folks. Its you and a bunch of normies who were late to the party wasting your money on trading fees jumping from coin to coin praying for another shot at a 10x (be honest this is you right now). Guess what, the moon missions are done for at least for another 6 months or so.
Dont get me wrong, I believe in crypto and it will find its place in global finance and business, but 99% of the shit coins out their (including BTC) will be toast.
You wont see a quick drop in price but a slow bleed out with some 10% drops once or twice a week. The dead cat bounces will keep your pussy wet enough to keep playing and putting more money into the game. Let me explain what a dead cat bounce is because you probably think you know but have no idea.
A dead cat bounce happens when (smart people) sell short on margin, in order to make gains they have to CLOSE those positions at some point buy buying back the borrowed assets. These trick people into think there is life but then the price continues to fall. Expect to see a lot of this on coins that are tradable on margin.
My advice to all of you is to either Tether the fuck up and buy back in when everyone else has bled to death or simply cash the fuck and enjoy your gains before you lose them all.
The good news is that most of these projects have no actual use yet and wont be taken seriously for another few years so there is plenty of opportunity to get back in, but trust me, you'll never win in a bear market and you wont see highs like this for a very long time.
David Brooks
Already Tethered up days ago. I'm fucking scared holding this thing though.
Lincoln Nguyen
Uh, no. 2018 will be the biggest bull run yet, starting in January. Don't be foolish.
Blake Bailey
Don't be, Tether is the safest place you can be right now and you can always buy some LTC real quick, send to Coinbase and cash out.
Anthony Phillips
Haha when did you start trading? Not before May, thats for fucking sure.
But hey, dont heed this advice if you dont believe me but I guarantee you'll remember this post months from now.
Owen Williams
I hope you're right, user.
Ian Lopez
im expecting a NYE kind of explosion to end it all but idk.. might get jewed again and lose my position like back in August
Robert Rivera
I'm feeling iffy too. Honestly if I see more than 30% losses in my portfolio, I'm running and enjoying the good amount I made. At some point you just gotta stop and enjoy life a little.
Oliver Adams
The fact that everyone thinks it is going to happen means it isnt going to happen
Lucas Reed
oldfag /smartmoney/ here and OP is mostly right but got a fee things wrong. Luckily most of the parts he got right are going to save his ass from losses
Jason Nguyen
BNTY is truly the last ship to leave to the,moon this year.
Get,on board or hole up on Earth. Winter is,going to be cold.
Aaron Harris
Let me tell you a secret Back in may crypto didnt have the normies flooding the market like right now The thing about crypto is you tend to think according to the area where you live, but crypto is something in which the whole world participates Take India for example, ripple is trading at 1.5 dollars and no one gives a damn if price falls internationally The bubble has not started yet, it's the beginning I am sure you dont want to get out just before the real gains begin (surely a bubble though) So stop thinking with a narrow mindset. Crypto represents the wealth of the world and you are freaking out at 500 billion total marketcap?
Brandon Barnes
You're right:
>XRP moons when people give up on crypto -- that's what XRP is. It's absolutely not crypto. XRP is like the VIX of crypto.
>Everything is about to crash
Where you're wrong:
>It'll be slow
The game is over. There's only fools left in the market now, and they'll panic and dump this down to 2015 levels.
Alexander Cox
I'm 85% crypto 15% fiat right now. Wondering if should cash out more. I remember May all too well, it was my first time investing big bucks into crypto and then it went -50%.
We recovered from that though, and will recover quickly again, probably even quicker. But in the meantime shit is gonna hit the fan
Blake Cruz
Let me tell you a secret user, have you see all that Tether FUD, BTC rises everytime BTC starts to move up and up?
Those Tethers are being minted to artificially inflate BTC, those Tethers have been created BECAUSE OF DEMAND.
Think about it for a second and re-read your statement...
Anthony Brown
>Thinking you can predict crypto Lel. Thanks for trying to look out for everyone, and I'm personally out of everything but a few shitcoins but no one has been right about shit. Niggas may have "predicted" this or that, but for every correct guess, the same person has 50 wrong ones.
Joshua Walker
I will again say you are not taking into account the wealth of the world Who the hell cares about bitinex anyways? Also they publish their audits and I know you dont believe them so no point arguing Just wait for new asian markets like indonesia, India to rise and control the volume, in the next 6 months This the moment we have been waiting for, people are too scared when the real ride is starting
Isaac Mitchell
God, June-August was miserable this year. Largest bear market stretch of the year. Everyone was losing
Brandon Ward
Hey I just dont want people to hurt themselves or their families when shit starts to get bloody. When EVERYONE is up, the ride is about to end, period. Not saying things wont go back up again, just letting everyone know who is buying up coins at ATH that they need to be prepared for a shake down.
Nicholas Miller
You literally have no idea what you are talking about. Also you cannot predict the crypto market. The market is irrational and full of volatility. Suffice to say, if you think 2018 isn’t going to be an epic year for crypto with millions to be made, you are poorly misinformed and bad a trading.
Luis Hall
We shall see, ill be looking out for your pink wojacks friend! Remember this post!
Brayden Fisher
The thing is a 50% shake up wont bother us one bit because we already up 100x And anyone with good risk management knows how to handle a shake down There were people who made 2x when china banned bitcoin
Jace Martinez
This unbounded optimism is annoying. I'm bullish on crypto long-term, but the situation right now is unstable as all fuck. BTC itself is nothing but a big ponzi at this point
>And anyone with good risk management knows how to handle a shake down How's that, smart guy?
Matthew Wood
Bro show me your credentials before you say something I have been here since 2016 made a 100x If you are a pro trader, id say wait if you are a normie, just leave because yeah it might turn bloody and you'd freak out
Eli Richardson
How is everything up? The market is generally down atm.
Connor Evans
You won’t see any pink wojacks from me because I’m not a brainlet who buys ath’s. You are part of the retard “I wear a helmet for my own safety” group on this board. When everything shoots up in a massive bull run everybody cries: OH MY GOD WHY DIDN’T I BUY MORE, WHEN IS THIS GOING TO DIP SO I CAN BUY MORE PLEEEEEASE GO DOWN. Here is your dip dumbass. Buy and take your positions. Or not, I could careless
Hunter Perez
There are pink wojacks every other day noob!
Gabriel Ortiz
Man there are 100 ways to make money in crypto You can Play the alt coin game The usdt btc/eth game Arbitrage, where people make 100k in a day Relish the volatility guys
Alexander Morales
Nigga what are you talking about? EVERYTHING has mooned the past month... Im not talking about 10-20% price swings, those are irrelevant when coins like XVG are up 50000% in 6 months.
Liam Roberts
Spoken like a true cuck
Jose Cook
>God, June-August was miserable this year. Largest bear market stretch of the year. Everyone was losing
but isnt it good time to buy ? and hold who bought it. arent they(holder in bear market) rich now?
Liam Garcia
>Man there are 100 ways to make money in crypto Really?
>Play the alt coin game Alts get (temporarily) JUSTed harder than BTC when BTC dies >The usdt btc/eth game >usdt >Arbitrage, where people make 100k in a day This is actually an interesting thing, been thinking of setting up an XRP or XLM bot >Relish the volatility guys You were talking about making money on a bear market, not holding
Spoken like somebody with zero risk management skills
Joseph Parker
Hahahaha oh shit you havent seen the REAL blood baths before, just wait friend. These pinkies are all in fun at the moment. Wait till XVG goes back under 1 cent. People will literally be offing themselves left and right.
Hudson Moore
i dont understand tether why not just hold USD?
Nathan Torres
Sure that will happen But after the awareness phase of the bubble turns into adoption where normies truly invest in crypto(not just america)
Michael Powell
Kek I hate the fear mongering faggots who think crypto will pop any moment. They need to go outside more. Literally less than 2% out of every hundred people you meet who have heard of BTC own any at all. This market still has a long way to go. When you start seeing DASH sponsor sporting events on television, and there are BitCoin commercials during the super bowl, and crypto is being shoved down the throat of every normie through media and brokers, then those are your sell indicators that it is time to get out.
Dylan Hernandez
>Sure that will happen Then why not take the opportunity to increase your stack?
>not just america Ah, so you think crypto is some USA-only thing? Kek, typical burger
Aiden Johnson
Hahah LOL me right now... I cashed out everything but LINK, just for shits and giggles. Im making more money on Binance commissions than most make trading.
Elijah Ramirez
R E S P E C C
Matthew Edwards
>Alts get (temporarily) JUSTed harder than BTC when BTC dies
you should know when to be in usdt when in alts and when in btc, I agree very difficult.Not the ideal thing to do right now. So you shift to arbitrage There would be no risk of crash as you would buy and sell and profit not hold Point is just adapt to the market conditions
Jace Gutierrez
fuck off pajeet
Isaiah Wood
This Plus all this has to happen not just in USA, but all the major countries who trade bitcoin Plus you will have new countries emerging to become big markets You can imagine
Eli Sanders
newfag
Connor Howard
man how can you misinterpret me so wrong? You need to be some special kind of stupid Let me make it easier Normies have not truly entered the market yet America is not how to can predict this market
Nicholas Sanchez
Which is why I have 15% in fiat waiting around for sale times. I guess that'll have to do
Samuel Diaz
>getting out at the height of crypto are you suggesting we'll all lose our gainz? dude, by that point, we're all gonna be up 4500% and just accumulate more and more during the dips
crypto is literally the only market where the sooner you get in, the richer you end up
Brayden Fisher
This 100% Exactly man this is what I am talking about 100 ways to make money in crypto ICO, alts, ponzi schemes like bitpetite You guys are lucky to be born in this time
Angel Watson
>t. hustler
Ayden Hernandez
To be honest I have 55-60% in fiat which i will use and ladder up my price if we see a nice correction But i need to feel it is actually a correction , for me to do that If you are not taking profits, you will lose it all
Joseph Martinez
And cashing out partially right now is one way to make money. I'm more than 50% sure we're in for a juicy correction.
>Normies have not truly entered the market yet They kind of have. More normies are in than there should be at this point. They're weak-handed. >America is not how to can predict this market what
Hudson Thomas
>To be honest I have 55-60% in fiat which i will use and ladder up my price if we see a nice correction Then if you are even less bullish than me, why do you keep reassuring that everything's cool right now? >If you are not taking profits, you will lose it all How can you say that after just a couple of posts ago saying crypto is our big opportunity?
Ian Martin
>what He's right. While there are some US Bitcoin gigawhales constantly manipulating bitfinex look at any other coin market where Asia obliterates US daily volume.
Daniel Fisher
This was funner back in May because everything moved slow as fuck.
Luis Robinson
It was in direct contradiction with what he implied about USA being market leader earlier
Nathan Nelson
You clearly dont understand market cycles if you think that
Michael Fisher
Oh ok idk then
Hudson Hall
Because crypto is not something where you put in 200k or 300k in order to see profits man You put put small capital to see unpropotional gain 10k can be turned into 100k in a month and then you take 90k profit and again turn 10k into a 100k that's why it's valuable
Eli King
To add to this, as I said earlier If you are an experienced guy, you already know these things and if you are a noob you should probably leave(no disrespect)
Julian Morgan
I'm not some trader, I'm in this for the long term. We still have a long way to go and I'm invested in the couple of projects that actually have a future.
Cameron Butler
Ofcourse some projects will emerge out of ashes but after a correction, you dont want to buy a share which you could have bought at 1/10 following a correction
Gabriel Hernandez
Mania can be a very good thing guys as long as you are on the right side of it
Aiden Mitchell
Which is why I have my buy money around. If a drastic correction happens, 15% can more than double my stack. But since you turned out to be hella bearish, I'm not. I don't exactly expect to see a -90% correction, I think it's possible, but highly fucking unlikely. Better to just keep holding part of your stack than panic sell all.
Cooper Cook
You don't know when the mania ends, nobody can know.
William Kelly
You know how to best use your money man Hope you pull a 100x
James Brown
Yeah good luck to you too
Austin Long
That's why I said we keep taking profits
Jayden Ortiz
I've been advocating cashing out from the market for the past week all the time, but now I think is actually the correct time to enter back in, if just for a few days
Jonathan Sullivan
Haven't had any losses at all today, pretty comfy portfolio consisting of XRB and cuckshares.
Robert Brooks
Right at the end of a probable bull trap?
Nicholas Bell
pigs get slaughtered. amateur
Andrew Scott
how do you do that?
Kevin Jones
Do what? Get people to sign up with my code? Simple. I befriend Normies on Facebook, when i see them talking about Bitcoin, I offer them some advice. On a popular thread, When BTC was at 19k... I told everyone to buy XRP with their Bitcoin because it was going to crash (i was just bullshitting, it was a lucky guess). BTC actually started to crash, and like 500 people started messaging me for advice about XRP, I told them to Sign up on Binance and use my code. Then, XRP actually started pumping. This whole thread started to believe I was a crypto god. I got like 100 Referrals out of it. Pure stupid luck to be honest, i was literally just shitposting normies one day and boom.
David Walker
Why would you buy into Tether if it's always going to be $1? You're just exposing yourself to risk with no upside. Unless you actively use the service to pay for things, there's no reason.
Levi Evans
kek, stay golden
Jayden Allen
It's easier to get back. You can catch a dip in a minute rather than buying in fiat again
Eli Stewart
>crypto is literally the only market where the sooner you get in, the richer you end up
nigga wut?
James Ortiz
Thanks. You are the reason us real traders get rich. See you in 10 months when the next bubble cycles start and you FOMO in while I stocked up at rock bottom
Jaxson Kelly
I have iron hands and you’ll never get my bags, lol