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.

Twitter

MVRV is currently 1.50, which indicates #Bitcoin wallets still have +50% unrealized profits.

If this is the end of the bull cycle, we should keep our eyes on this classic indicator to catch the cyclic bottom.

Historically, the cyclic bottom comes when MVRV reached below 1. pic.twitter.com/d2oOqdS8TF

— Ki Young Ju (@ki_young_ju) January 24, 2022

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."

So buy the dip right

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

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

Which ones i should definitely cop ?

Thecashcow said Which ones i should definitely cop ?

btc

Lol

What year are y’all gonna turn billionaires from this sh*t?

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..

Bro if I remember you’ve been calling this sh*t !!!!!

justin747 said

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

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

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....

There's still money to be made even if the market is horrible atm...

view image

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....

view image

view image

Fumo said There's still money to be made even if the market is horrible atm... view image

Nice catch. Keep me in the loop broski

SwooshWonder said Nice catch. Keep me in the loop broski

Yes sir

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.

view image

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. view image

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.....

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?

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....

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

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....

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.