Crypto Crypto market crashing? Let's discuss.

OP03-12-2020, 03:31 AM

(This post was last modified: 03-16-2020, 03:11 AM by JinxyHF.)

I think this market will crash hard dudes. 30-90 days.
Time of writing btc at 7.6k.

Coronavirus panic. Fears of global recession. World economy can get slapped pretty hard here.
Major events are being canceled. NBA season canceled + other sporting events. Music events + E3 canceled. NCAA tournament not open to the public. Schools are closing indefinitely. Politicians/celebrities are getting sick.
To keep this next reason short so I'm not writing a book, I'm just gonna say all the btc shit in China. If you're not a monkey, you know what I mean.
Stock market hasn't crashed this hard in over 10 years.

If btc fails support at 7.6k, we could see a drop to as low as 3.5k, that's what a chart analysis will tell you anyway.

Is btc really a safe haven? If you need a safe haven, are you gonna toss your cash into a high risk volatile investment like bitcoin? Or toss it into something more stable?

I cashed probably over 90% of my portfolio. Tell me why I made a bad choice?

EDIT: Shit, it crashed a couple hours after I made the thread. Thought it would start in a couple weeks. Still.
EDIT: If 3.6 support fails, we see 2.5k.
FINAL EDIT: I think btc is going into the fuckin dirt. Time of edit btc @ 5.1k. March 16th.

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MiKeY1871

03-12-2020, 03:33 AM

The halving is coming and coronavirus is exagerated by the media

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OP03-12-2020, 03:34 AM

(03-12-2020, 03:33 AM)MiKeY1871 Wrote:The halving is coming and coronavirus is exagerated by the media

Halving is coming, but not here yet.

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Beam

03-12-2020, 03:35 AM

someone watched Fox news and CNN and decided to make a post. if anything going into crypto over the next 30-90 days will be the best decision you ever made.

hold me to it.

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OP03-12-2020, 03:36 AM

(03-12-2020, 03:35 AM)Beam Wrote:someone watched Fox news and CNN and decided to make a post. if anything going into crypto over the next 30-90 days will be the best decision you ever made.

hold me to it.

Lol I watch the news every day. I suppose I do watch too much.
I really want to believe it's a good time to buy though. I just don't.

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Beam

03-12-2020, 03:37 AM

(03-12-2020, 03:36 AM)JinxyHF Wrote:Lol I watch the news every day. I suppose I do watch too much.
I really want to believe it's a good time to buy though. I just don't.

if you average it out over the next say 6 months, you'd have a solid investment.

take my words with a grain of salt as I got in way lower than this.

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03-12-2020, 03:38 AM

Buy the fucking dip

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OP03-12-2020, 03:38 AM

(03-12-2020, 03:37 AM)Beam Wrote:if you average it out over the next say 6 months, you'd have a solid investment.

take my words with a grain of salt as I got in way lower than this.

I mean we just touched 7.4 as you wrote that. Idk man. Good luck to you.

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Beam

03-12-2020, 03:40 AM

(03-12-2020, 03:38 AM)JinxyHF Wrote:I mean we just touched 7.4 as you wrote that. Idk man. Good luck to you.

like i said, hold me to it. contact me in 90 days and ask for an update.

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