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11887389 No.11887389 [Reply] [Original]

Is this capitulation or despair?

I'm thinking the former until we get more crypto suicide stories.

>> No.11887396

It's not capitulation. Volume is way too small

>> No.11887412

Wait for the BAKKT cancellation announcement.

We're heading for triple digits, yo.

>> No.11887415

>>11887396
check the volume from a few days ago. It was huge. Today's still the weekend.

>> No.11887419

>>11887396
aka we're before both of them

>> No.11887424
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11887424

>>11887396
>Too small

>> No.11887428

Fear

>> No.11887443

I literally just killed myself

>> No.11887457

even if it quickly bounces back to 5-6k it will drop even further before longterm going up.
im basically hodling cash for like 3 months
also knows if the stock markets crash, that would temporarily send it down even further by a huge factor

>> No.11887461

>>11887428
That wasn't an option and isn't logical. Not enough left to drop to be at fear still.

>> No.11887463

>>11887389
If you're still able to ask that question, we're in neither, delusionfag.

>> No.11887473

BAKKT won't launch, fuck the SEC.

>> No.11887474

>>11887461
You realize it has $3.5k left to fall, right?

>> No.11887481

>>11887389
Capitulation. Despair will be between $3,000 and $1,000. If it falls below $1,000, crypto wll be dead for good.

>> No.11887484

>>11887415
>>11887424
Not even as much volume as even Nov 19th-20th. When you see capitulation sell volume it'll look like some of the bigger volume spikes we had on the way up. Volume definitely is increased from the near zero volume we've been running at over the last few months, but we're not there yet

>> No.11887486

>>11887443
dude whats it like

>> No.11887500

>>11887424
It's the biggest volume iinthe last months, but I think we should wait for January levels of selling volume. These sells have been insane, but I'm expecting brutal bursts at some point, in the range of hundreds of millions in sells per day at least.

>> No.11887521

>>11887500
Where the fuck would those sells be coming from?

>> No.11887529

>>11887484
That's what i mean. This whole downturn has been the capitulation event.

>> No.11887533

>>11887474
You stupid fuck, it wont EVER fall below 3.5k, the whales wont let it, thats when real fear would strike. Not only that, it would become unprofitable to mine beyond that point.
This is the best time to buy.

>> No.11887544

>>11887389

It's just starting to enter panic

>> No.11887564

>>11887474
3.5k to fall is a lot less than the 16.5k it has already fallen, so yes it can't be at fear. Think with your brain.

>> No.11887569

>>11887529
>This whole downturn has been the capitulation event.
That's stupid. Even if I look at week-long or 3-day candles the volume isn't anywhere near what we saw close to the rise of BTC to $19k

>> No.11887570

>>11887533
Checked!

>> No.11887597

>>11887389
Despair. TA fags have been saying for months it has to hit 4.5K before it will recover.

>> No.11887621

>>11887415
>Today's still the weekend.
Why does this even matter? It's not like your money sleeps or has days off.

>> No.11887628
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11887628

>old media are unironically calling it the great crypto crash of 2018.

We've achieved the ultimate honor.

>> No.11887642
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11887642

>>11887389
Complacency.

>> No.11887687

>>11887642
capitulation or anger. 6k was obviously denial

>> No.11887689

>>11887642
Complacency was when we stayed between $8K and $12k for 2 months.

>> No.11887691
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11887691

>losses estimated at 88%.
>9% more than the dot com bubble in the same time period.
>600 billion 'market cap' wiped out in 64 days.
>main meme coin losing value so fast tickers can't keep refresh fast enough.
>meth heading to double digit memecoin status, taking all the ICOs and ERC20 shit with it.
>yfw it's not even started to get bad yet.

>> No.11887711

>>11887691
God when ETH hits under $100 we're gonna see some real shit

>> No.11887743

>>11887711
I dont see why it hasnt. Theres no reason for ETH to be expensive and Vitalik himself says so. ETH bagholders are gonna get railed pretty hard soon

>> No.11887749

>>11887521
Failed ICOs below profit threshold? High volume BTC stakeholders? Shitcoin massive exodus? Those three happening at the same time could easily draw this thing below 1k in a matter of days.

>> No.11887772
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11887772

>>11887711

I unironically can't wait for this to go critical.

>> No.11887773
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11887773

>>11887569
Well of course not. Btc moved from 10k to 20k in a month at the height of it. I can't find anything that suggests that capitulation has to have a similar volume to the peak, just that it has 'heavy volume' which i'd say has happened. Give it another week or so, see if we form a hammer or keep going down. That should be the tell. https://www.investopedia.com/terms/c/capitulation.asp

>> No.11887786

>>11887773
if that is not capitulation idk what is...

>> No.11887812

>>11887786
Zoom out. That's complacency turning into anxiety.

>> No.11887820

>>11887773
you said...

>give it another week or so, see if we form a hammer or keep going down

Can you explain this "hammer" TA with pictures? Thanks, Anon.

>> No.11887847
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11887847

no. this is where smart money enters. Remember? BTC to $1million.

>> No.11887870

>>11887820
Long wick below the candle = bullish hammer. You can see some nice ones at the beginning of the year. In this case you might wanna switch to weekly candles to see if we've hit some solid ground. As you can see the daily candles for the last week don't have very big wicks. Alternatively, depending on where/if we decide to go up, you could see something called an engulfing candle, which just means it's gone up in that candle more than it went down in the previous.

>> No.11887889

>>11887812
kind of agree. we just broke the long term uptrend folks. The 6k floor was the anxiety shelf. now dropping into denial. you haven't seen panic yet or capitulation. going to see some big whale. funds close it's doors, novogtatz sell majority of his fund, public dick eating from a 70 year old cocaine fag

>> No.11887893
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11887893

>The market value of all cryptocurrencies tracked by CoinMarketCap.com has sunk to $140 billion, down from about $835 billion at the market peak in January.

It keeps getting worse.

>> No.11887903

>>11887893
want to see total market cap below 100 billion to ignite some panic.

>> No.11887907

>>11887893
>worse.
You mean better

>> No.11887912
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11887912

>The rout’s biggest casualties: individual investors who piled in just as prices peaked, and companies like Nvidia Corp. that supplied the crypto ecosystem. The California-based chipmaker has lost nearly half its value since the start of October as demand for its cryptocurrency mining chips collapsed and results in its gaming division disappointed.
>nearly half
>half

I hope you didn't invest into the shovel and pickaxe companies.

>> No.11887933

>>11887564
>He doesn't think in percentages.
Guess how I know you won't make it.

>>11887533
Checked and kekk'd.

>> No.11887960

>>11887912
Cheap graphics cards when? I've been meaning to upgrade.

>> No.11888009

>>11887960
they are already cheap and overstocked

>> No.11888033
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11888033

>>11887960

Very likely there'll be a 30-50% price slash in Q1 next year, and dump prices on the 100x series that's rotting in inventories everywhere right now.

>Even after losses exceeding 70 percent for most virtual currencies, Oanda Corp.’s Stephen Innes has yet to see strong evidence of a capitulation that would signal a market bottom.

TA status: rekt in 50 minutes, as losses hit the 80%'s.

>> No.11888121

>>11887389
When you think you're at the part where it's going to go up again, you're at the 'denial' stage.

>> No.11888125
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11888125

The entirety of the cryptosphere is, right now, worth less than McDonalds.

>> No.11888169

>>11888125
mcdonalds is used by everyone everywhere. It's cheap easy to use and everyone knows about it around the world. Crypto is nowhere near that.

>> No.11888180

>>11887933
Brainlet, it's not about percentages, it's about thousands of dollars.

>> No.11888190

>>11888180
I genuinely can't tell if you're fucking around or actually retarded

>> No.11888248
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11888248

me. pic related

>> No.11888264

>>11887500
you realize the market lost ~50 billion in less than 10 days?

>> No.11888284

>>11887389
this is denial/bull trap

>> No.11888295

>>11887533
I can't wait to respond to you in an hour when its below $3500.

>> No.11888422

>>11887889
>public dick eating from a 70 year old cocaine fag
This truly is the best timeline for everyone but mcafee

>> No.11888576
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11888576

Jesus you faggots are stupid. Bubbles always lose roughly 90% of their value, this already happened to the first Bitcoin bubble.

Peak of ~20k = Bottom of 2k. "Despair" usually dips below that price shortly, so BUY BUY BUY when you see sub 2k prices.

>> No.11888628

>>11888576
>B-Buy the dip!
It's OVER. Historical support lines that have held through every prior crash broke. Miners are shutting down at alarming rates. Normies were burned en mass last time and won't be duped again. 2017 was the last chance you had to /make it/ via crypto.

>> No.11888690

>>11887389
It's denial. We're going to zero.

>> No.11888701

>>11888628
In a rush to get to the bottom huh?

>> No.11888746

>>11888628
If you are so sure of that why aren't you making millions just shorting the shit out of it?