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Bitcoin Continues Declines to $33K as Large-Cap Altcoins Record Losses up to 50%



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 4 months ago '19        #1
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The Dogefather  topics gone triple plat - Number 1 spot x25
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Bitcoin Continues Declines to $33K as Large-Cap Altcoins Record Losses up to 50%
 

 
Bitcoin continued its decline from the prior week, dropping to lows of $33,027. According to CoinMarketCap data, BTC is down 5.54% in the last 24 hours and 20.83% over seven days at its present price of $33,923.

The second-largest cryptocurrency, Ethereum, is likewise down 9.75% in the last 24 hours and 30.89% over seven days. The altcoin market was dealt a bigger blow as the majority of crypto a*sets, especially in the top 100, are trading presently in the red, with most recording significant losses.

In the last 24 hours, Solana is down 17.49%, Near protocol down 15%, and Enjin Coin and Curve DAO token are down significantly, per CoinMarketCap.

In the past seven days, a*sets such as Solana (SOL, -40.38%), Polygon (MATIC, -42.05%), Chainlink (LINK, -42.69%), Near Protocol (NEAR, -48.06%) and Harmony (ONE, -47.10%) have shed almost half of their previous values. In the last 24 hours, there have been nearly $345 million in liquidations according to CoinGlass. A total of 104,342 traders were liquidated as prices fell, while the largest single liquidation order happened on Bitmex: the XBTUSD value $6 million. The overall crypto market valuation stands at $1.54 trillion, a 7.08% decrease in the last 24 hours.

Bitcoin yet to bottom?

According to Cryptoquant CEO, Ki-Young Ju, Bitcoin might see further downside pressure as the MVRV indicator is yet to mark the cyclic bottom.


He, however, suggests one condition on which the Bitcoin price might reverse: ''Bitcoin old whales could trigger the price trend reversion. It seems they have been sold BTC to new players at the tops or bottoms. Supply-adjusted CDD helps to see this fresh demand. It's quiet now, but soon they would start moving."
+1   



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30 comments
 

 4 months ago '17        #2
justin747  topics gone triple plat - Number 1 spot x5
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+5   

 4 months ago '18        #3
Thecashcow 
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So buy the dip right
+10   

 4 months ago '19        #4
The Dogefather  topics gone triple plat - Number 1 spot x25 OP
Props total: 45164 45 K  Slaps total: 9775 9 K
 Thecashcow said
So buy the dip right
It’s going to dip more yet but when it’s done, yes I’m personally going to buy more
+4   

 4 months ago '10        #5
SwooshWonder 
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 The Dogefather said
It’s going to dip more yet but when it’s done, yes I’m personally going to buy more
I said BTC going to 20K-23K maybe 14K-15K

Racking up my alts, LINK, and playing the forex market until then
+5   

 4 months ago '18        #6
Thecashcow 
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Which ones i should definitely cop ?

Top 10 most propped recently  4 months ago '21        #7
nocomment  topics gone triple plat - Number 1 spot x5
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 Thecashcow said
Which ones i should definitely cop ?
btc
+2   

 4 months ago '11        #8
UrDoinGood 
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Lol

 4 months ago '11        #9
UrDoinGood 
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What year are y’all gonna turn billionaires from this sh*t?

 4 months ago '16        #10
Fumo 
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Market is about go on a run lol....
When you see these big a*s dips (deep lows)
You'll see high highs when the market goes green.
Every one crying about 50% loses lol..
in 2017 it was a flash crash and 80% lost in btc . If you bought any crypto at the beginning of 2021 you should still be up..
+3   

 4 months ago '19        #11
THEHIGHTS34 
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Bro if I remember you’ve been calling this sh*t !!!!!



 justin747 said
-1   

 4 months ago '17        #12
justin747  topics gone triple plat - Number 1 spot x5
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 Fumo said
Market is about go on a run lol....
When you see these big a*s dips (deep lows)
You'll see high highs when the market goes green.
Every one crying about 50% loses lol..
in 2017 it was a flash crash and 80% lost in btc . If you bought any crypto at the beginning of 2021 you should still be up..
Ok so explain SPECIFICALLY what makes the "market" go green again

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 4 months ago '04        #13
R Dot 
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 justin747 said
Ok so explain SPECIFICALLY what makes the "market" go green again

Everybody and they mama is now a “market expert”, we’ve been in a declining economy since 2000 but they’ve been able to hide it. It went from market corrections every 10 years now we’re down to every 2.

The world is literally imploding and no one wants to except it
+1   

 4 months ago '16        #14
Fumo 
Props total: 10114 10 K  Slaps total: 838 838
 justin747 said
Ok so explain SPECIFICALLY what makes the "market" go green again

Fomo buyers lmfao.. same dummies that sell. Come back once market go green.
Again I'm here to make money not be a holder of a coin for a lifetime lol.
I still have 1 btc that I purchased for 90 bucks just sitting in my edge wallet....
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 4 months ago '16        #15
Fumo 
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There's still money to be made even if the market is horrible atm...





 4 months ago '16        #16
Fumo 
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One more gem....
This one reached 20 bucks and dropped down to 2bucks. Buy and get a 10x when it goes back to all time high...
It's Solanas version of uniswap....






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 4 months ago '10        #17
SwooshWonder 
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 Fumo said
There's still money to be made even if the market is horrible atm...




Nice catch. Keep me in the loop broski
+2   

 4 months ago '16        #18
Fumo 
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 SwooshWonder said
Nice catch. Keep me in the loop broski
Yes sir

 4 months ago '17        #19
justin747  topics gone triple plat - Number 1 spot x5
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 Fumo said
Fomo buyers lmfao.. same dummies that sell. Come back once market go green.
Again I'm here to make money not be a holder of a coin for a lifetime lol.
I still have 1 btc that I purchased for 90 bucks just sitting in my edge wallet....
You understand the underlined is a Ponzi Scheme right?



That means that the old investors cash out and leave the new investors HODLing the bag. So if you keep HODLing expecting to be a Millionaire then YOU might get left HODLing the bag


This also means that the money in the entire "market" is limited and exhanges at illiquid
Yall all can't get rich.




Last edited by justin747; 01-25-2022 at 10:57 AM..
-2   

 4 months ago '16        #20
Fumo 
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 justin747 said
You understand the underlined is a Ponzi Scheme right?



That means that the old investors cash out and leave the new investors HODLing the bag. So if you keep HODLing expecting to be a Millionaire then YOU might get left HODLing the bag


This also means that the money in the entire "market" is limited and exhanges at illiquid
Yall all can't get rich.


Not everyone is going to makr it Like in every business... so what's your point? Tell me one venture that every one is guaranteed to make it?
Stop it.....
+1   

 4 months ago '17        #21
justin747  topics gone triple plat - Number 1 spot x5
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 Fumo said
Not everyone is going to makr it Like in every business... so what's your point? Tell me one venture that every one is guaranteed to make it?
Stop it.....
Yall always move the Goal Posts to Business and Stocks



Yall have NO IDEA how Ponzi Scheme work no matter how many times I try to spell it out.




You really don't know about or remember Madoff do you?

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 4 months ago '16        #22
Fumo 
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 justin747 said
Yall always move the Goal Posts to Business and Stocks



Yall have NO IDEA how Ponzi Scheme work no matter how many times I try to spell it out.




You really don't know about or remember Madoff do you?

Bruh name one venture that's guaranteed every one makes lol... even on the stock market not everyone makes it...
So basically anything that's not guaranteed everyone is going to make it is a ponzi scheme? So the gold rush was a ponzi too..



This is literally the gold rush all over ...
Generational wealth if you play ya cards right....


Last edited by Fumo; 01-25-2022 at 11:55 AM..

 4 months ago '17        #23
justin747  topics gone triple plat - Number 1 spot x5
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 Fumo said
Bruh name one venture that's guaranteed every one makes lol... even on the stock market not everyone makes it...
So basically anything that's not guaranteed everyone is going to make it is a ponzi scheme? So the gold rush was a ponzi too..



Generation Fruit is fu*king lost. Late 90s born kids don't get it

sh*t drops ~50% and y'all still buy it. Enron 2.0

Good luck

-1   

 4 months ago '16        #24
Fumo 
Props total: 10114 10 K  Slaps total: 838 838
 justin747 said


Generation Fruit is fu*king lost. Late 90s born kids don't get it

sh*t drops ~50% and y'all still buy it. Enron 2.0

Good luck

I'm a 80s baby n*gga..
How dumb are you?
Btc dropped 50% its only affecting new investors... people who bought btc years ago are still up even if it drops 300%..
Again I have 1 btc I purchased for 90 bucks do you think 100 or 200% loses affects me ?
When the market drops its doesn't matter,
What matters is your buy in point..

I'm starting to think you trolling so you can get crypto advice....


Last edited by Fumo; 01-25-2022 at 12:03 PM..
+2   

 4 months ago '17        #25
justin747  topics gone triple plat - Number 1 spot x5
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 Fumo said
I'm a 80s baby n*gga..
How dumb are you?
That's even worse TBH. You're supposed to know better.



Btc dropped 50% its only affecting new investors... people who bought btc years ago are still up even if it drops 300%..
Again I have 1 btc I purchased for 90 bucks do you think 100 or 200% loses affects me ?
When the market drops its doesn't matter,
What matters is your buy in point..

I'm starting to think you trolling so you can get crypto advice....
Ok you're literally admitting you're in a Ponzi Scheme. So every time you tell somebody to BUY THE DIP you're basically telling them to buy it so you cash out. The money funnels up.



Those are the people in talking to. The people who are in the negative and keep buying this dumb sh*t because y'all tell them to.





And if you haven't cashed out, you don't have sh*t. Literally.

-2   



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