aussie_nub t1_j6f91tf wrote on January 29, 2023 at 10:43 PM

Reply to comment by ForgetTheWords in TIFU by buying too much crypto by Colinian18

In the last 2 months it's gone from $US16k->$US23k. That's a 30% increase.

Don't get me wrong, I think it's an absolute shit show and a scam and would never ever ever suggest anyone invest their life savings into it, but it's clearly started back on an upswing.

ForgetTheWords t1_j6fk78g wrote on January 29, 2023 at 11:53 PM

See, that's exactly what I was wondering. Thank you.

doomgrin t1_j6iglxt wrote on January 30, 2023 at 3:54 PM

It’s a dead cat bounce

The thing about dropping 75% from all time high and putting everyone under water is that the 30% increase over 2 months is insignificant when it needs to go 300% to get back to ATH

aussie_nub t1_j6k6u7v wrote on January 30, 2023 at 10:23 PM

Maybe so. I'm literally just pointing out the fact that it has jumped.

It's also extremely well known that it is manipulated... a lot. I would not be surprised in the slightest if it went back up out of nowhere. The rest of the economy might tank it though.

Inevitable-Fig6717 t1_j6jozu2 wrote on January 30, 2023 at 8:32 PM

I have my life saving in it. Lost money on mining, was up 80,000 dollars but held, now I'm down like 17,000 dollars. It comes and goes. I'll just keep holding until the next bull run. At least I hold btc and not some shit coins that went to zero