How fucked are we?

McDonalds pattern is here. It's over /s

[GIF] 

We are fucked now just hold.

BTC up >85% in last year.

Anyone panicking has a mental illness and/or gambling addiction. Put your phone down and go outside.

just zoom out....

From 20 to 12k.... I lost that over lunch :o) It will be OK bro. Chill

In the medium and long term things have never been more bullish. We are finally making real steps to onboard the traditional financial world. This isn't about them selling spot ETFs of crypto assets, that's just a tiny step. The real news (that is weirdly not getting much attention) is the consensus forming around bringing the legacy financial system onchain.

Larry Fink (Blackrock CEO) has said:

"We believe the next step going forward will be the tokenization of financial assets, and that means every stock, every bond will have its own QIP (qualified institutional placement); it’ll be on one general ledger ... but the most important thing is we could customize strategies through tokenization that fit every individual. We would have instantaneous settlement ... because it’s just a line item."

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Blackrock CIO of ETF & Index Investments @Samaraepcohen said […] that permissioned blockchains have lost, & that traditional market participants are coalescing around open-source Ethereum for tokenization, so as not to fragment liquidity

https://x.com/matthew_sigel/status/1801342560977190937 

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And perhaps most surprisingly, SEC commissioner Mark Uyeda:

“Tokenization may provide transactions with a higher level of security, transparency, and immutability. It also may remove the need for most intermediaries, streamlining the process and reducing transaction costs.”

https://x.com/EleanorTerrett/status/1801618634898383294 

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Ignore the short term noise and random ups and downs of the market. Unless you need to sell now for some reason then why does it even matter?

If you want to watch a chart then here's one that matters, showing that the onboarding of 'real-world' financial assets is up only:

https://dune.com/queries/3073607/5120733

I wanna put the phone aside asap again:

Do it. There is no benefit to constantly checking prices. Come and look again when we're back in the mainstream news.

Think long term, don’t touch anything until at least Feb next year. Keep DCAing. If you play with leverage and have not learnt by being burnt with it yet then you will eventually.

There were many market top signals. Promoting of btc on tv, newspapers and even radio (in Croatia, wtf!?), people being rugged left and right with memecoins, random pumps of utter shitcoins, celebs on CT, etc., but I chose to ignore it once again. I thought there was more of upside potential. Who knew, eh. Who knows now? Maybe this is just another flush before up, up and away. Long term is probably gonna be just fine. Short term, looks like down to me. Good luck everyone!

there were huge dips during the last bull runs also so this is to be expected

You can hold like diamond hands or surrender like weaklings and go cry in a corner.

‘Love bombed, wined and dined, pumped, but ghosted the next day’ level fucked.

I don’t think we are very fucked.

We haven’t come close to peak on this cycle as far as I’m concerned.

This happened the last few times where crypto saw a surge for a bit then plummeted until around October to December, which in turn was when the true bull run took place.

Only a lose if you sell.   Yes it's dropping a lot but look at it as an opportunity to buy crypto at a discounted rate.  As people say always take a little bit of profit when things are good and just hold when it's bad.  

History shows hold.

Toughen up. BTC is up YoY. Majority expected volatility around the halving. Miners taking profits. Mr. Gox payback, ETF and increased institutional adoption, uncertain economy overall, high inflation, and the list could go on. Majority also did not expect major increases until 2025. We get some upward momentum and everyone cheers, then get a downturn and some freak the fuck out - all doom and gloom. Zoom out. Put your charts and account balance down for a long while. If you believed in BTC months ago, what changed? Ya new around here? If you didn’t plan to sell anyhow then you haven’t lost anything yet. You’re just down right now. There will be new ATHs in the future. We don’t know when. If you DCA then the top and bottom don’t matter. If you’re trying to time markets you’re foolish, it’s a poor strategy that’s been proven across markets time and time again. Chill. Go outside and touch some grass. Leave your phone inside when you do.

It was so obvious the market was overbought. The halving and ETF's news was nuts. If you didn't sell into the news a little bit wtf were you waiting for?

The USA to back its fiat with BTC?

Not many bought the FTX collapsed drop either. Again wtf were you waiting for Binance to also fail?

These cycles couldn't be easier to predict.

This just shows me that I have no exit strategy ffs

What are you concerned about? Even if there was a massive drop in price, it'll correct itself eventually. Long term hodlers are not concerned.

It will be okay, so sayeth the BTC halving cycle.

2012 six months after halving: BTC 10.4x (one year 80x)

2016 six months after halving: BTC 1.5x (one year 3.5x)

2020 six months after halving: BTC 1.7x (one year 5.8x)

Fu*** to the last cent…

When the main bull comes, we will be un-fucked. Keep holding Buddy. patience is all we need

I am still bullish in the long term, otherwise I would stop doing my monthly dca and sell everything. We all need to look at the bigger picture

I am still 10% up this year.😁

However I missed some good sell and buy points... I never sell at a loss so if it keeps on dropping I just have to be patient and be more careful when I DCA.

Don’t worry, Blackrock will come along and scoop that shit up

Very

mus be news news day

I'm not worried because I'm having Deja-poo , the feeling that I've seen this shit before. I'm just holding until it shoots back up. Every time I panic-sold before , I would get bit in the ass when it shot back up later.

If we break 52k we could see 30k

If in doubt, zoom out.

My opinion: Nobody knows

Believe it or not, dip

Don’t put in what you aren’t willing to lose

Wake me when we hit the 49-52K range so I can add more to my bags.

Buy more while sale is on

dunno. My bags on ETH, SOL and BTC were 100% packed between FTX blowing up and the banking crisis. 5% more of the cash position to allocate to ALTs and that can wait till Im back from holiday. Whats happening now happened last cycle and the cycle before.

It's just normal. Market was due for the correction since long and was waiting for any excuse. If it wasn't Mt Gox and Germans than it could have been something else. No one knows the bottom. DCA as per your risk appetite, don't trade only invest, stay safe. cheers.

Were you drunk while getting fucked ?

I need more cash

Don’t sell just chill. It will go back up. If it keeps dropping just buy more. It always goes back up. I’m not saying hold forever but panic selling is the worse thing you could do. Don’t look and chill.

From where I'm standing this is totally normal a few months after the halving. Everyone wants to reinvent the wheel and be clever by coming up with all these different theories (looking at you certain data science influencer guy). But at the end of the day this is the exact calm period/downturn I would expect post having before a massive run-up.

I can absolutely promise you new highs are coming. I just cannot say when. Now is the time for buying however difficult that seems.

BlackedRaw

Even if btc will continue going down, until the end of the year it will break the 80-90k. The industry gonna be fine, don’t worry.

It's going to get worse. This is just the pre dump. Mt gox hasn't even released yet and that's about 4B. At first. This dumb is just from the fear of the selling. Maybe 20-30% drop at worst though.

I am jealous of those who have cash right now.

The bullrun starts in about 6 months. Just keep buying and quit complaining.

my PF to plummet from 20k to 12k

In 4 weeks, BTC is down ~20% at most, actually even a little less. You are down 40%, which just shows that you made some really bad decisions with the aim to outperform BTC. And it didn't work. As always.

edit: Haha, shitcoiners hate the truth.

Damn I can't believe we went from 16k to 58k, we're so fucked

I dunno man, really it's just been a crab market since February, also, no one knows if it will go up or down or continue going sideways like it has been doing.

It hurts when you are 100% in alts. Bought alts to buy BTC in a future. But all the etf did was solely raise btc price making it more difficult to purchase.

Same old same old, just different narratives, different narratives to justify downwards volatility and different narratives to justify upwards volatility, happens cycle after cycle..
I can't speak for others, but I'm not fucked, because I'm going to hold til it goes up again, very simple, and if we crash, I use the opportunity to buy more

That's the kind of posts I like... It's when people finally start to give up ! But we'll need more flush to get teenagers back to mommy and we, grownups, finally start making really money and not some stupid #MOTHER ...

See you at 50K by the end of July and start pumping in September ;)

If you can't handle the heat, stay out of the oven.

I don't know about you but I'm really fucked

I bought ATH in 2021, then I did DCA in 2022-2023 but it was hard to break even, then I almost broke even in February 2024 (I should have sold) and made a huge lump sum on March (my biggest mistake) because I expected pump on April

Now I'm about 20k dollars or 60% down, I invested a lot and lost a lot, still holding but morally defeated, last 3 years was like a bad dream and I wish I bought stocks

I know I did mistakes too: not buying btc, not consistent dca, fomo buying etc.