Semi OT: Anyone lose money in the crypto crash?

[refshateRaps]

"Just asking questions"
"Theres good people on both sides"
"Hey, what do I know?"

Your nitpicking on a pullback for what?

Look at this measurable thread and you wanna call out the pull backs?

THE BOTTOM was the BOTTOM. The pull backs are to be bought.

Dude man, I'm in crypto but it's irresponsible to tell others that this is a sure thing.....

It could break through last years bottom for all we know, esp if ehtereum gets classified as a security

Please man, plz don't troll ppl or give bad advise that can ruin ppls lifes

Hes not trolling fam, hes dead serious

Atleast you know. Keep slandering for whatever reason you do? I'll keep banking off this bottom RealGM made easier. What an idiot huh?

Thats crazy huh? Trolling LOL. My gawd.

Play it as you see it. Just limit that hate, no need need for that vile. But please keep gang pile posting on the sharp pull backs as well, really helps me add a key indicator to my tool box.

That would be very nice of you .

[anotherhomer]

Your nitpicking on a pullback for what?

Look at this measurable thread and you wanna call out the pull backs?

THE BOTTOM was the BOTTOM. The pull backs are to be bought.

Dude man, I'm in crypto but it's irresponsible to tell others that this is a sure thing.....

It could break through last years bottom for all we know, esp if ehtereum gets classified as a security

Please man, plz don't troll ppl or give bad advise that can ruin ppls lifes

I almost always say 'what do I know'? And Ive said many posits follow no one right or wrong. Its my view

Some peeps dont like my cause it goes counter hysteria. .

Alrite cool
I don't mind you sharing your opinion but if you going, can u add a disclaimer that it's your opinion.

I get it, investments invokes lots of passion but I think this would help.

Something like "this could be a pullback to take advantage of but only do so, if you have money you can afford to lose"

[VanWest82]

THE BOTTOM was the BOTTOM and anyone whop bought it is doing just fine.

You have no idea what you're talking about. Please stop.

The pull backs are to be bought. What other game plan is there in the markets?

"Buying the dip" can be a smart strategy in bull markets. We are without question in a bear market. The bottom of this bear market is unknown at this stage. You could be right that last Nov was the bottom or you could easily be wrong.

Previous pullbacks in BTC were in the 85-87% range. If this follows that trend we could see 9k BTCUSD. Equity risk premium still hasn't spiked. We have not yet seen capitulation in the broader markets like we so often do when marking a bottom. We know crypto has become somewhat correlated with risk assets. It wasn't an accident this most recent sell off in crypto timed almost exactly with the sell off in the broader market. Like, timed to the min. If we haven't seen a bottom in risk assets, then we likely haven't seen a bottom yet in crypto.

[Ackshun]

**** the crypto crash . The March nasdaq dip is killing me right now

[refshateRaps]

Scoreboard. Will update on Fridays

$BTCUSD start of thread: 16,767.64

$BTCUSD current: 20,422.18

Too much emotion on the pullbacks to talk bullish around here. We'll let the scoreboard talk and keep the theme simple, Bears don't wanna see this pull back as the cock back like a James Johnson bout to slam that $25K barrier. That simple. $25k break, gonna break the black hearts.

Disclaimer: (For those that need it every post.)

Most importanty, don't follow the sell-outs on TV. Always follow your gut, win or lose you'll always learn quicker on your own decisions.

[tecumseh18]

"Buying the dip" can be a smart strategy in bull markets. We are without question in a bear market. The bottom of this bear market is unknown at this stage. You could be right that last Nov was the bottom or you could easily be wrong.

I know this, I know this, I know this.

But ... I couldn't resist buying a number of Canadian banks at 3:55 pm today. Why not take advantage of the SVB panic? Obviously I'm hoping for a bounce-back on Monday, at which point I might take profit, given the overall bear market.

Whatever happens, I'll still get the dividend (won't I?) The counter argument is that I can get better interest rate on GICs than the 4.5% yield TD is offering, while maintaining the value of the initial investment.

[anotherhomer]

"Buying the dip" can be a smart strategy in bull markets. We are without question in a bear market. The bottom of this bear market is unknown at this stage. You could be right that last Nov was the bottom or you could easily be wrong.

I know this, I know this, I know this.

But ... I couldn't resist buying a number of Canadian banks at 3:55 pm today. Why not take advantage of the SVB panic? Obviously I'm hoping for a bounce-back on Monday, at which point I might take profit, given the overall bear market.

Whatever happens, I'll still get the dividend (won't I?) The counter argument is that I can get better interest rate on GICs than the 4.5% yield TD is offering, while maintaining the value of the initial investment.

it's interesting....i was questioning myself when i didn't buy in december, ....i guess we'll have to see what happens

[DelAbbot]

Cryptos are so f'ed

Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

https://finance.yahoo.com/news/scrutiny-falls-43b-usdc-stablecoin-193548098.html

[VanWest82]

"Buying the dip" can be a smart strategy in bull markets. We are without question in a bear market. The bottom of this bear market is unknown at this stage. You could be right that last Nov was the bottom or you could easily be wrong.

I know this, I know this, I know this.

But ... I couldn't resist buying a number of Canadian banks at 3:55 pm today. Why not take advantage of the SVB panic? Obviously I'm hoping for a bounce-back on Monday, at which point I might take profit, given the overall bear market.

Whatever happens, I'll still get the dividend (won't I?) The counter argument is that I can get better interest rate on GICs than the 4.5% yield TD is offering, while maintaining the value of the initial investment.

As long as you purchase before the record date (at least two days) and hold to ex-date, you're good, though keep in mind prices tend to fall after ex-dividend so if the idea is sell after receiving the dividend that often doesn't work, especially if it's non-reg.

I wouldn't consider a GIC concept a counter-argument to buying a bank stock with a 4.5% dividend - they're completely different concepts with very different benefits and risks.

if the idea is to trade, I prefer to wait for signs that a base has formed and there are signals of a turnaround, but you could do worse than buying with quantifiable fear in the market on a day that ends with with long lower wick candles like today. You just have to be prepared to hold your position if it doesn't work out. I'm sure there are people itt who tried to do what you're doing only with crypto and who are now way down and will be holding for a good while.

[Johnny Bball]

"Buying the dip" can be a smart strategy in bull markets. We are without question in a bear market. The bottom of this bear market is unknown at this stage. You could be right that last Nov was the bottom or you could easily be wrong.

I know this, I know this, I know this.

But ... I couldn't resist buying a number of Canadian banks at 3:55 pm today. Why not take advantage of the SVB panic? Obviously I'm hoping for a bounce-back on Monday, at which point I might take profit, given the overall bear market.

Whatever happens, I'll still get the dividend (won't I?) The counter argument is that I can get better interest rate on GICs than the 4.5% yield TD is offering, while maintaining the value of the initial investment.

You could and then get back in maybe. But I just think you should hold canadian banks forever. They lessen the impact, double every decade and give you a safe five points and growing. I picked up most of mine in 2008 when they were paying a dividend of 10-13% when the market panicked and I'm just never selling them.

I mean, I would think its more time to start buying them than selling them, at 4-6% dividend and 9-12 P/E. They don't have any realistic reason to drop more that is based on them and not general market sentiment.

Bank dividends can grow, GICs % does not and GIC is 4-4.5%, or do you mean real long term total?

[Ackshun]

"Buying the dip" can be a smart strategy in bull markets. We are without question in a bear market. The bottom of this bear market is unknown at this stage. You could be right that last Nov was the bottom or you could easily be wrong.

I know this, I know this, I know this.

But ... I couldn't resist buying a number of Canadian banks at 3:55 pm today. Why not take advantage of the SVB panic? Obviously I'm hoping for a bounce-back on Monday, at which point I might take profit, given the overall bear market.

Whatever happens, I'll still get the dividend (won't I?) The counter argument is that I can get better interest rate on GICs than the 4.5% yield TD is offering, while maintaining the value of the initial investment.

That bank sell off..shoot first and ask questions later.

Hope the banks bounce back for you next week.

That GIC offering is tempting too but I just went..all in on 10 stocks. Sold the house and made some good coin. My backtesting 25 years has me feeling confident but these dips kill me emotionally. Not enough to sell obviously. I sold FRC just before the sell off thankfully

[tecumseh18]

"Buying the dip" can be a smart strategy in bull markets. We are without question in a bear market. The bottom of this bear market is unknown at this stage. You could be right that last Nov was the bottom or you could easily be wrong.

I know this, I know this, I know this.

But ... I couldn't resist buying a number of Canadian banks at 3:55 pm today. Why not take advantage of the SVB panic? Obviously I'm hoping for a bounce-back on Monday, at which point I might take profit, given the overall bear market.

Whatever happens, I'll still get the dividend (won't I?) The counter argument is that I can get better interest rate on GICs than the 4.5% yield TD is offering, while maintaining the value of the initial investment.

That bank sell off..shoot first and ask questions later.

Hope the banks bounce back for you next week.

That GIC offering is tempting too but I just went..all in on 10 stocks. Sold the house and made some good coin. My backtesting 25 years has me feeling confident but these dips kill me emotionally. Not enough to sell obviously. I sold FRC just before the sell off thankfully

I'm feeling a bit cocky about picking the peaks and valleys lately, which is always a dangerous mentality. I sold out of SBC two weeks ago when it hit 74, and then it dropped like a stone. I sold all my BCE (which was a lot) when it was ~$72 six months ago and bought back in around lately (around 60). But I have enough mistakes in my history not to get too full of myself.

So we'll see what happens here. Canadian banks aren't 100% safe. SBC is very exposed to the South American economy. And they are all exposed to the Canadian residential mortgage market, which is not as much of a fun place to be in a 6-8% interest rate environment. I certainly played myself 18 months ago by finally opting to go with a variable rate mortgage. So I'm inclined to take any quick profit that presents itself and watch the bank stocks fall back a bit further.

[VanWest82]

Like I said, as long as you're prepared to hold if it doesn't work out, then all good. You'll probably be right eventually. Two additional comments:

1. unless you have the technical expertise to trade (i.e. you've worked as a trader or spent years developing skills as one) then it's best to only do this with a small percentage of your investable assets. Retail investors get hurt more often than not trying to time the market.

2. specifically wrt CAN bank stocks, we have one of the most over-priced property markets in the world. Our yield curves are heavily inverted which means the likihood of recession at some point in the next year is high. These are things that will impact CAN bank stocks. As long as you're prepared to hold and not get cold feet and sell, you'll be ok in the long run. And if you watch your position closely, you'll probably find a spot to exit the trade before the **** hits the fan. But if your thesis is that we've hit some sort of bottom in CAN banking, I'd beg to differ.

[ratul]

Look I said this would crap the bed at 25k and it did. I talk about it because it effing angers me how corrupted BTC has become despite being an interesting concept at the beginning. Don't put money into it - if you dug in and realized the insane leverage and lack of asset backing, you would be absolutely terrified. If Bankman-Fried wasn't enough, now we have the SVB bank go under. If you think there won't be an exodus in BS fake coins that could cause serious damage, then that's your call. Crypto is completely effed as an entity and the leverage associated with is so nasty, I genuinely hope a dump of it doesn't cause contagion.

[anotherhomer]

Look I said this would crap the bed at 25k and it did. I talk about it because it effing angers me how corrupted BTC has become despite being an interesting concept at the beginning. Don't put money into it - if you dug in and realized the insane leverage and lack of asset backing, you would be absolutely terrified. If Bankman-Fried wasn't enough, now we have the SVB bank go under. If you think there won't be an exodus in BS fake coins that could cause serious damage, then that's your call. Crypto is completely effed as an entity and the leverage associated with is so nasty, I genuinely hope a dump of it doesn't cause contagion.

It's also tech startups or established ones like roku

That said, svb is the reason why it was irresponsible for whichever poster there was, to say go buy the dip

As I'm reading more about it, this could get even worse really fast. Get this, I have a some room for error but that can go away really really fast

[brownbobcat]

Look I said this would crap the bed at 25k and it did. I talk about it because it effing angers me how corrupted BTC has become despite being an interesting concept at the beginning. Don't put money into it - if you dug in and realized the insane leverage and lack of asset backing, you would be absolutely terrified. If Bankman-Fried wasn't enough, now we have the SVB bank go under. If you think there won't be an exodus in BS fake coins that could cause serious damage, then that's your call. Crypto is completely effed as an entity and the leverage associated with is so nasty, I genuinely hope a dump of it doesn't cause contagion.

It's also tech startups or established ones like roku

That said, svb is the reason why it was irresponsible for whichever poster there was, to say go buy the dip

As I'm reading more about it, this could get even worse really fast. Get this, I have a some room for error but that can go away really really fast

Timing the market, buying the dips - all just euphemisms for buy low, sell high. Reworded like that, it's pretty easy to see what facile tripe it is. People will gladly tell you about the gambles that paid off but stay oddly quiet about the ones where they ate ****. So long as the US Fed remains this hawkish on interest rates, it's a tricky time to be bullish.

[anotherhomer]

Look I said this would crap the bed at 25k and it did. I talk about it because it effing angers me how corrupted BTC has become despite being an interesting concept at the beginning. Don't put money into it - if you dug in and realized the insane leverage and lack of asset backing, you would be absolutely terrified. If Bankman-Fried wasn't enough, now we have the SVB bank go under. If you think there won't be an exodus in BS fake coins that could cause serious damage, then that's your call. Crypto is completely effed as an entity and the leverage associated with is so nasty, I genuinely hope a dump of it doesn't cause contagion.

It's also tech startups or established ones like roku

That said, svb is the reason why it was irresponsible for whichever poster there was, to say go buy the dip

As I'm reading more about it, this could get even worse really fast. Get this, I have a some room for error but that can go away really really fast

Timing the market, buying the dips - all just euphemisms for buy low, sell high. Reworded like that, it's pretty easy to see what facile tripe it is. People will gladly tell you about the gambles that paid off but stay oddly quiet about the ones where they ate ****. So long as the US Fed remains this hawkish on interest rates, it's a tricky time to be bullish.

that's very true....definitely have to take people's euphemism with a grain of salt. even worse, they maybe literally looking to unload their losses to another bagholder or greater fool.

ya, i think Feds will be hawkish until they can't.
it looks like SVB was the first victim of the rate hikes.....this is the largest failure since Lehman....
you hope they learn from 08 mistake and manage this collapse in a more orderly manner.....
the last thing i want, is canadian banks literally seizing our bank deposits

i'm no expect, but when the inverse yield was that big....i honestly hope it doesn't hit us all super super hard

[refshateRaps]

Macro 'news' bottomed the greater trend with fear and paralysis and micro 'news' to flush the weak and emotional and give gifts to those loading before the face rips into the uptrend.

Rinse and repeat.

Fake the pass, freeze the D, cock that joint back and bang it on em. So filthy. Can't wait to see the updated weekly scoreboard Into and post FOMC 'news'.

Higher interest, higher inflation and fully expect we soon see absurd asset prices. Greatest societal control grab ever.

Not flexing as a 'baller' or whatever money worship term being seeded, just extending my own ball and chain in this fake azz world while it still matters and playing with the FUD as long as they let this thread age as it should.

What do I know? For those that still need tucked in at night, always follow your own plan and reads.

[canz55]

For the guys in here who timed their BTC shorts and aren't lying about - kudos. At least those people put their money where their mouth was.

Everyone else who isn't an asset player is just all talk.

Sent from my SM-G998W using RealGM mobile app

[anotherhomer]

For the guys in here who timed their BTC shorts and aren't lying about - kudos. At least those people put their money where their mouth was.

Everyone else who isn't an asset player is just all talk.

Sent from my SM-G998W using RealGM mobile app

I didn't short but brought in Nov. But I could literally lose my shirt at this rate

Miners bottom in Dec. I'm not confident in their survivability though....even the well managed ones are selling