Hoping for a $20 bottom?

Anyone else excited of the prospect of XCH bottoming out extremely low? I would absolutely LOVE to see rock bottom shake out mooners and significantly drop netspace as well. Cheers to the crash! For long may it reign! :grin:

4 Likes

I’ve been around almost 10 years now, it is funny that in my experience usually, people like you and the ones that “can’t wait to buy lower” are the first to dump and leave.

1 Like

Not sure I’m hopeful for that. I also think that the net space is not going to go anywhere fast unfortunately. Everyone involved in farming had hopes and still has hopes in Chia. The true loyalists as it were. Rewards rock and we all know that. People also know prices can change so quickly that even if losing money now, most will just putter along. I’ve sold off extraneous or most expensive hardware though. I’m not much into running something for 2 years to get my money back and if I see a turnaround I know what to buy and what are reasonable prices to setup more hardware.

I’ve been around since 2013. I’ve been through and seen a lot. The only certainty I’ve seen is long term, it pays to HODL. Sure, you can get extremely lucky in crypto from time to time, but you can also lose. The only sure bet is to diversify and HODL.

1 Like

Well, then hello fellow veteran there :grinning:! as you know, we need a bear market for the moon kidz to be gone.

I have no high hopes for Chia in this bull market (assuming we are still on track), I am just building a position and hoping this gamble pays off long term.

1 Like

Ditto. I believe in this project and I think there is a formidable team built around it. I also think it’s smart to seek regulation from the start and develop a relationship with those in power while still maintaining open source and a transparent blockchain like they have.

I’ve been mining Chia since 1962 so I have you both beat.

4 Likes

It was a lot easier in the old days - just needed water. None of this complicated “SAS gigabyte lookup speed” mumbo jumbo. Just needed a waterin’ can and a nice summer afternoon.

5 Likes

some effect is starting to show

2 Likes

This. One group of people will post asking about a dip and saying they’ll buy. Then there’s a group of people who will actually buy the dip and post that they did so. They are no overlaps between those groups of people :slight_smile:

If you’re in a forum telling people you’ll buy… if only it dips to a certain price… you’re not going to buy shit :wink: .

2 Likes

bloody old timers… :laughing:

I have been counting on $100 price for quite a while. Glad to see it is finally here. I would welcome some lower prices but not $20. I actually think $100 is a good spot for it at this stage but do believe it will drop to somewhere around $60 or $70 before deciding to come back to $100. But only time will tell. Even if it does drop to $30, I’ll just ride it out. The pain will be temporary.