Any idea what is causing this? Any idea how far it will dip?
Some are saying it is a massive sell-off by investors amid heightened inflation fears. Why would fear of inflation make you sell? Wouldn't crypto be a kind of safe haven?
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The markets are heavily leveraged its been discussed for weeks even before luna crash. Just like stocks, the end of free money is over, only the strong will survive. BTC is down but not nearly as bad as alts.
Leveraged positions lead to liquidations and when that happens it floods the market. Liquidations have been happening with more intensity since Q4 2022.
I hold everything bonds, stocks, gold, silver, crypto, ammo. This cycle is teaching discipline, always have some dry powder to buy when the market is down, this isnt a short term play.
I do want to say the vitriol toward "crypto" on this site is disappointing, the bitcoin community on reddit are lined up with GAW. We are all acting on the best info we believe, I dont care what you invest in, why should I judge another persons investment choices? We will all see and feel the pain/reward.
Most people do not understand BTC and im ok with that. Most people don't understand gold/silver im ok with that. Most people don't understand real estate and im ok with that. You do you.
I'm with you on this diversification, except for ammo, which is quite hard to purchase legally in my country. I'm also counting on my apartment to help keep my investments on track.
It is EXTREMELY important to understand the difference between money and currency.
Gold and Silver are money. Unbacked crypto is not.
Neither is the USD, or other central bank FIAT's.
Exactly.
Just tells me that BTC is on sale
Everything is dipping, DS, Elites, and CBs are in the final throws of fiat currency/debt based monetary system.
If you're in the market, buy while discounted. Buy and hold.
I bought more BTC at $26k Sunday, if it drops to $20k or below I'll buy more. I'm broke AF but being on cash reserves it's a crapshoot either way, keep Fiat, or by BTC lol
BITCOIN is supported by FIAT PAPER.
And markets need to be culled ever so often; just like the population.
Exactly! If your fiat filler is worthless, it’s much better to put in an asset worth something. The only other would be precious metals… Has anybody looked to see a correction with skyrocketing precious metal buy. Physical not paper
I've reiterated to a boring degree I know... but we were warned a few years ago that bitcoin is doomed.
Just like the FIAT currencies such as the USD?
Yep.
"Fiat currency always eventually returns to its intrinsic value--zero."
Toilet paper? :)
You know the whole system is about to come down, right? When the dollar is gone what do you think we will go back to?
"Gold shall destroy FED"
So has my gold an silver, I'm just waiting for the artificial "brakes" to be released...