Quote from: Juxoz on April 13, 2024, 11:53:26 PM

So everyone is apparently freaking out, selling their bags over a potential conflict between Israel and Iran. Been around long enough in life to know that these two countries always do a lot of chest beating and always come out from the other end with whimpers. In the meantime, the markets, even outside of crypto, react like idiots, and there lies opportunities for the rest of us.

Iran has attacked Israel and this time there is no chest beating. Iran launches hundreds of missiles, drones in first direct attack on Israel

Quote from: Juxoz on April 13, 2024, 11:53:26 PM

I am a bit shock to see how poorly Alt-coins are reacting today (last 6 hours) with this news. I get it that the crypto community acts on their emotional instincts but holy cow! I entered crypto during the last crypto winter, so I have a better understanding of what it's like and how to react next time around, but given that we are going into the bull market, I am experimenting how crypto market reacts to events like this too.

Altcoins always react poorly whenever Bitcoin goes into the red zone. This is nothing new as this has happened in the past but this might be the first time that the crypto market is reacting to this war like the global stock market.

Quote from: Juxoz on April 13, 2024, 11:53:26 PM

~~MATIC Polygon~~: -50% down from the recent high; close to the bottom since last Oct. I had high hopes for MATIC, but it's just not pumping like Alt-coins, so not super excited about shifting my account to MATIC anymore.
ALGO Algorand: -100% down from the recent high; around the lows hit in Feb; this looks promising but not a huge fan; still considering it
ATOM Cosmo: -80% down from the recent high; in par with the lows in Nov, but 20% to go since the lows in last Oct; good long wavy formation. I might consider it
~~AVAX Avalanche~~: -90% down from the recent high; close to lows from Jan; needs another 25% from Nov lows; Avalanche has never been good to me. I think I'll pass for this round too.
DOT Polkadot: -85% down from the recent high; almost passed from Jan lows; 15% to go to reach the lows in Nov; like Avalanche all of a sudden it became a rising giant. Not too sure about it, but it looks like a safer bet than others.
~~AAVE Aave~~: -84% down from the recent high; almost passing the lows set back in Oct; lots of saw pattern with no discernible pump
GRT Graph: -100% down from the recent high; still 30% north of the most recent support back in Jan-Feb; I am considering Graph as my top choice due to the last run being too good to me
~~AXS Axis Infinity~~: -85% down from the recent high; 10% to go to reach the lows back in Feb; don't know much about it.
~~COMP Compound~~: -87% down from the recent high; 5% left to hit the support reached back in Jan; a lot of steady side way movement... I need volatility
CRV Curve: -105% down from the recent high; has reached the support hit back in Oct; love the volatility of Curve, so this is one of my top choices for this round.
~~DOGE Dogecoin~~: -50% down from the recent high; 10% to the lows in March; 40% left to the lows in Feb; Dogecoin didn't dip too much recently, and I am wondering why?
~~FLOW Flow~~: -88% down from the recent high; 20% left to hit the support reached back in Feb; just don't know much about it to make the decision
~~GALA Gala~~: -105% down from the recent high; reached the support hit back in March; 47% left to reach the lows hit back in Feb; this one was super depressed for a long time, and only showed signs of life just recently, so not too sure about it
~~HBAR Hedera~~: -77% down from the recent high; 10% left to the lows hit in Feb
~~MANA Decentraland~~: -85% down from the recent high; has reached the support hit back in Feb; don't know much about it, so I think I'll stay away from it for now.
~~SAND Sandbox~~: -90% down from the recent high; surpassed Feb or Dec lows; 10% to hit Nov lows; don't know much about it, so I think I'll stay away from it for now.
~~SHIB Shiba~~: -77% down from the recent high; 50% left to reach the lows in Feb
~~SOL Solana~~: -50% down from the recent high; 25% left to reach the lows in Feb; Solana has performed beautifully, but how much gas does it left in its tank for short term pump? Not too sure.
SUSHI Sushi: -125% down from the recent high; hitting the support reached back in Nov; what is up with SUSHI? Lots of steady side ways, then a pump, then another steady side way movement, then a pump. I am considering it.
~~UNI Uniswap~~: -132% down from the recent high; 10% left to reach the lows in Feb; with the recent U.S. government going after them, I don't think I want to risk it with them

Wait for more bloodshed in the crypto market, this situation will escalate and we might be seeing a big war in the making. I do not think you should presume that the market will recover soon.