And they're available in colors not imagined in previous centuries, although some of the more desirable strains have become extinct, we are inventing new ones, and at rock bottom prices.
The best thing about tulips, is you only have to buy them one time, and they will reproduce on their own, making you tulip rich in no time at all.
you can still eat tulips if you're starving. You can't eat electrons stored on a thumb drive.
3090z already paid off price drops still mining! U think u are going to 4xxxx lmfao u can’t u don’t have money like me. Enjoy ur 970 and being a retardant and buying my coin at 60+ thousand when’s it’s almost free right now. There is a reason ok rich and u r a fat dip shit! Hugs
If you convert your mining profits to gold, silver, or dollars; more power to you. The only people who made real money in the California gold rush were the people charging 20x for the picks, shovels, and food. Read the biography of WT Sherman; he was stationed out there at the time. Barrel of flour for $1000, etc.
I'm 98.64% you homosexuals know what shorting is but I'll briefly educate the entire thread:
You can open a position that's basically a bet that an asset will lose value. This is how you make easy money on political news that tanks a company/stock/cryptocurrency
I'm shorting still but watching very carefully (like every 10 min). There was a giant cloud of doubt right before the dotcom boom as well where the internet looked "hopelessly novel and useless" to speculators & and big investor and it tanked everything.... only to quickly thereafter become the largest revolutionary technological boom ever seen.
That's where crypto is right now. I was only a kid when I first used the internet but I couldn't understand the idea of it failing as homosexual adults said. It was truly revolutionary and I had used often first hand (a rarity at that time)
Is crypto still the wild west with 95% being bullshit? Yes.
Is the concept revolutionary and do I use to do things I could never do otherwise?
Fuck yes.
Good luck getting a bank to use your crypto to back a loan (or any average asset that's not a house which none of you own anyway)
But with smart contracts it's a few clicks and completely optimized.
I use Fantom because it does everything ERC20 tokens can (aka Ethereum) and does it in under 15 seconds for under $0.05.
Yes for literally 5 pennies at most you can do anything you want on Fantom and spookyswap is still paying daily right now (which btw you stake Fantom to earn BOO and then you can stake your BOO rewards to earn even more in the form of direct currencies)
Welp I typed too much. Hopefully 1 random ass ajnin will make some money with what I said. Gl anons and fuck jannies and n-words
Cutting the ad at the end,
I'd advise to check for this in long-term investments:
1. Can Joe Average use it easily? Think difficulty level "download Whatsapp".
B2B products are hard to judge, their success depends on insider networks.
2. Architectural fit to the problem: Not everything needs a Blockchain.
3. Recruitment. Do they hire 38 year old world-class mathematicians,
programmers and IT managers? Most revolutionary business is
transpiration and experience, not some 20 year old 1:1M genius doing it all.
BTW, fellow oldfag:
When crypto kitties were $100k in 2018, I knew it would crash.
The recent NFT and metaverse bullshit was 1:1 dotcom avatars.
So I 360ed out of it when that yacht sold for $500k or something.
When 23 year olds think they know it all to change the world,
it's time to pull the money out.
Look for companies with a decent concept,
decent mix of young innovators and experienced managers,
who know how to leverage Blockchain without
revolutionizing everything.
Who else thinks that an MS13 punishment team will find el presidente & minister of finance, inflict torture procedure?
Their Abuelitas are dying, you know these good ol’ boys want to exact revenge
& do a heart extraction as in the days of the Aztecs, possibly livestreamed ?
This is ez mode now. Just wait until it pumps 10% or more in a week then buy buy buy. You won't get it at absolute bottom but you will definitely make huge 4x+ profits.
Where it will accelerate (in my opinion) is in two ways... > all of the lesser coins which in some way peg to or rely on bitcoin for their own stability will get crushed > most of the coins which attempt to peg to the dollar do so through the use of derivatives and coin baskets. The theory they are basing it on doesn't work when everything is collapsing.
So, the smaller fish who use bitcoin as some sort of store of wealth will be washed out of their other coins; and those who tried to secure themselves via Tether, etc; will discover that a derivative-based pegging doesn't work all the time; and fails badly in certain situations.
I'm going to keep saying, crypto is VERY much like the wildcat bank era of the late 1830's. It was created in the same way and will end the same way. > all coins (except the few backed by stored gold) going to zero is very possible
prices go up, prices go down. But that doesn't mean "what goes down, must go up again". Doesn't matter how many times it has in the past.
Sure, you can swing trade pretty well; and may keep your money if you get out in time. But there will always be those who buy to swing trade; and then never see break even again.
For example, those who bought silver during the 79 bubble/scam; who have been waiting over 40 years to hit breakeven.
Bitcoin offers no utility which isn't already being accomplished somewhere else cheaper (or free). There is no reason it can't go back to zero where it started
Specifically because it relies on three things: abundance of chips, cheap energy to break even abd child porn/trafficking. The first is severely hit by the current events and upcoming Taiwan operation, the second made mining unprofitable because of energy prices exploding everywhere except Russia and all exchanges stealing tokens from anyone who had transactions with Russia, the third was taken care of by Ukraine and abundant export of dicky
The "great idea" of crypto was the "trustless" and "decentralized" argument.
Ya, that's just what criminals want; but the vast majority of the population doesn't want either; they want a fiduciary (someone legally held responsible for not stealing your money)
So, for example, with the collapse of that company last week; people suddenly figure out that what they've bought into is an unregulated industry; where there is no guarantee like FDIC for your assets.
I get wanting to be able to move money to someone you don't know; but only a fool demands an infrastructure where no one is on the hook for handling the cash.
And don't get me started on "Market Cap"; that myth which makes people think that they are rich when in fact they're only suckers
Kek. What fundamentals? I guess it has a strong balance sheet and a good p/E ratio, huh?
2 weeks ago
Anonymous
beat me to it.
As long as the fundamentals of cryptocurrency remain strong, reasonable value will remain.
There are no fundamentals. The only thing holding it up is the belief that it has value; that someone else is willing to pay money for your collection of electrons. Yes, just like fiat currency; but without the helpful law which requires it to be accepted for payment of all debt public and private
2 weeks ago
Anonymous
Eventually you and the rest of the world will soon come to learn that it is the dollar that is volatile. Bitcoin is set in stone.
2 weeks ago
Anonymous
the big difference is that unlike bitcoin, there is a law requiring that dollars be accepted for all debts public and private. And if ever we reached the point where that could no longer be enforced, we would have much bigger problems than money
Why don't you retards get this? It's so obvious. All assets are going down in price now, if you calculate their value in $, because the fed raised rates, and made it expensive to borrow money. At the end of the day all those people forced to sell are fucked though, because there wont be enough money going around , were talking 1930's depression, pretty much all southern european countries bankrupt,... The big story here is what powell said yesterday, that the u.s. dollar is loosing it's place as the world reserve currency, are basically bankrupt and are considering their options for a digital $ (which no one will want because it has no max supply unlike bitcoin, which is actually a stable currency). Also none of you fags will have enough $ to pay for 1btc, even if it's 5k, because of the reasons mentioned above. Shit is hitting the fan freens, and it's glorious! It's a winner take all scenario, and your fucked if you can't see whats at play here
It would take too long to describe everything wrong in that comment. But I would have included: > why dollar isn't going to crash > while no longer being the world reserve currency is a very good thing > bitcoin is nothing near stable; It has no inherent value; so it can go to zero > 30's depression won't happen, because the dems only have 20 more days of working authority before they lose power (20 working days in congress between now and the election)
2 weeks ago
Anonymous
Anon, we have already passed the point of no return as the global sovereign fiat debt crisis spirals out of control. Nothing else really matters. The world needs a trusted unit to store our wealth.
2 weeks ago
Anonymous
oh please; I have been hearing that for the last 40 years, and even believed it for the first 5 of those years. But it's a flawed theory because it assumes that people will do nothing to stop it.
Besides, we are not even as bad as we have been in the recent past. Meanwhile, everyone is freaking out because inflation has finally reached the level where it was when us boobers were your age.
2 weeks ago
Anonymous
IDK anon..perhaps this time is different. BOJ is fighting to do Yield Curve control and destroying it's currency, 3rd world countries are already tipping over, ECB is stuck doing circles using their "tools" / QE. Financial markets are freaking out about small incremental rate hikes. We already know the cap will be somewhere around 3% before they have to reverse course again, which will be highly inflationary. Couple this with "Build back better", Green transition and those nutjobs over at the WEF and their agenda..idk anymore.
2 weeks ago
Anonymous
>Couple this with "Build back better", Green transition and those nutjobs over at the WEF and their agenda..idk anymore.
Again, the US Congress has 20 days of work scheduled between no and the November midterms. After that election, the opinions of the dems aren't going to matter much because they will no longer be in control of the house; and the house is the only people who can spend money.
> why dollar isn't going to crash
lol, it's being devalued(is crashing) since before I was born starting with nixon, who decoupled it from gold. >> while no longer being the world reserve currency is a very good thing
your delusional, look at the u.s. trade deficit, it's chill when you can pay for all imports in the global world reserve currency that you can manipulate to your liking, a privelege countries without the reserve currency of the world don't have. The whole world borrows you money beecause until now the $ was the reserve currency, you ever looked at the debt stats? > bitcoin is nothing near stable; It has no inherent value; so it can go to zero
You don't get it, if you have 0.5btc you have 50000000sats. Now how many of those beautiful $ the market wants to exchange for 1 btc, is a question of supply and demand, and clearly how many $ are in circulation. Sure it can go to 0$ if the u.s. abolishes the $, and comes up with some other shit currency, and no one will want dollars, and therefore no one will accept $ as payment for btc. Bitcoin is the most stable thing to own unlike fiat, there is no instance that can just create more btc out of thin air, there is no african country where they can just find more "digital" gold, it just keeps on doing what it was designed to do, since the genesis block. The inherent value of btc is to have a decentralized, fair, global, monetary system, that lets countries and individuals exchange value.
Nixon taking off gold is an example of what I mean when I say "don't assume people will do nothing". What happened there was: > under the rules, dollars could be converted to gold > The saudi's (and a few others) decided to use their oil money to empty fort knock of all our gold. > nixon said, sorry, rule change, you can have our dollars but you aren't getting our gold.
2 weeks ago
Anonymous
Does the US Government have any oversight into the Fed and it's creation of FedNow? And will they have any say with CBDC's? I mean Jerome Powell and the Fed seem to be the ones moving this new monetary system forward, with little to no opposition from anyone in Government as far as I know. He's talking about the future of the USD here. Very loaded statements he's making. Watch.
The Fed operates as a quasi-private bank. So they are a bank in most stuff; but all of their directors are appointed by elected officials; which presumes some sort of control of general election.
They always quote their "duel mandate" as "price stability and maximum employment". This does not always suggest the best course of action in all times.
At the same time, being what is essentially a single client bank, there is give and take. Once your debtor owes you above a certain amount; it's in your own interest to keep them from failing.
The fed does not hold the rights to the term "dollars"; except as a representation of US dollars (which can also be created by the treasury). So any digital dollar would have everyone in the room during the planning.
The recent conflict between the Fed and the Administration is this: the fed is raising rates because everyone knows they should have done it years ago, and it's long overdue. The administration wants a rate decrease, thinking it will calm things down to win the midterm. At this point, the fed is not willing to bail their asses out at the expense of the long term financial stability
2 weeks ago
Anonymous
You might be right. I’m much younger. It’s all good. I have no stress either way. I save using dca into bitcoin.
2 weeks ago
Anonymous
>I have no stress either way. I save using dca into bitcoin.
There's a contradiction in that. I couldn't even have complained if you said gold (though I would have disagreed), but to put your eggs into an unstable single basket is nuts..
BTW, fellow oldfag:
When crypto kitties were $100k in 2018, I knew it would crash.
The recent NFT and metaverse bullshit was 1:1 dotcom avatars.
So I 360ed out of it when that yacht sold for $500k or something.
When 23 year olds think they know it all to change the world,
it's time to pull the money out.
Look for companies with a decent concept,
decent mix of young innovators and experienced managers,
who know how to leverage Blockchain without
revolutionizing everything.
With NTF's, I am reminded of the line from "Wall Street 2" > it's a miracle that a fool and his money ever got together in the first place.
So much is based on the idea that uniqueness and scarcity automatically brings value. Yes, the Mona Lisa is unique, but so is anons last dump; and no one wants to pay for that uniqueness.
In my opinion, the crash of crypto is simply a side-effect of the larger social crash we're going through. The lockdown forced everyone to come to personal terms with their place in the world; and the value of useless material trinkets to the bigger picture.
2 weeks ago
Anonymous
I don’t trust gold. It’s a black box. We have no idea who or how much gold even exists in circulation. With bitcoin, I can confirm, every 10 minutes, the supply.
2 weeks ago
Anonymous
> why dollar isn't going to crash
lol, it's being devalued(is crashing) since before I was born starting with nixon, who decoupled it from gold. >> while no longer being the world reserve currency is a very good thing
your delusional, look at the u.s. trade deficit, it's chill when you can pay for all imports in the global world reserve currency that you can manipulate to your liking, a privelege countries without the reserve currency of the world don't have. The whole world borrows you money beecause until now the $ was the reserve currency, you ever looked at the debt stats? > bitcoin is nothing near stable; It has no inherent value; so it can go to zero
You don't get it, if you have 0.5btc you have 50000000sats. Now how many of those beautiful $ the market wants to exchange for 1 btc, is a question of supply and demand, and clearly how many $ are in circulation. Sure it can go to 0$ if the u.s. abolishes the $, and comes up with some other shit currency, and no one will want dollars, and therefore no one will accept $ as payment for btc. Bitcoin is the most stable thing to own unlike fiat, there is no instance that can just create more btc out of thin air, there is no african country where they can just find more "digital" gold, it just keeps on doing what it was designed to do, since the genesis block. The inherent value of btc is to have a decentralized, fair, global, monetary system, that lets countries and individuals exchange value.
2 weeks ago
Anonymous
True cryptocurrencies have the fundamentals of gold. Aka it cannot be printed, there is direct cost of mining it, and there is a finite supply.
Bitcoin fits all this but is just too fucking slow and gay to be practical thus the "store of value" meme was born
Ethereum is the short term future (same principles) but Fantom will kill ETH within 2 years.
It's fully ERC20 compatible aka everything on Ethereum works on Fantom except transactions take less than 15s and cost less than $0.10 (ETH at *ABSOLUTE BEST* for any transaction no matter how small costs $60 and takes 20 minutes. You want to stake $40 of LINK? That'll be $55 dollars just to "approve it" and then $75 more to actually stake it)
2 weeks ago
Anonymous
Scarcity and expense of creation aren't sufficient for something to be valuable. I could start my own currency with hand-minted, hand-engraved brass coins. I can only make 100 per day. Unless I can back my currency up with something universally valuable (say, gold) or convince people it's really valuable, trust me bro, then it's worthless.
We’re about to have another liquidity crisis in the financial markets 2008 style and the EU has already givem up tackling information four days after intetest rates on Italian and Spanish bonds broke 4%, expect a hyper-inflationary recession in the countries with massive systemic risk to their financial systems due to interest rates in their bonds being artificially supressed by the EU.
All part of a greater plan, Crash Cryptos, regulation comes in. Move everyone into cash.
Eventually CBDC's replace everything.
Here's a twitter link of J. Powell making some bold statements about the future of the dollar, FedNow and CBDC's. I believe it's from yesterday, barely reported on by the MSM if that.
https://twitter.com/disclosetv/status/1537832095602597890?s=20&t=-hTdJHCU2cE2shiYOOO0mg
Good. The more king shit coin falls the more it drags everything down with it and I can buy more of the projects I’m actually excited about. Be greedy when others are fearful anons
Was Bitcoin a ruse to keep inflation down this whole time? Lots of dollars just magically disappeared…Except they rugpulled the middle class who got in late (also El Salvador and Tom Brady)
In a few years I believe we will find out much more about the mysterious origins of the entire crypto fad. It's been a mechanism to normalize digital currencies and Central banks are ready to deploy theirs soon. The timing is just too suspicious for me.
There certainly are very rich investors who together set the market price.
The shilling for the decentralized nature without any facts about market
movements is a red flag.
Glad I put my money into brapcoin, the only decentralized, multiplexed coin that solves the blockchain dilemma and is based entirely on the generation of coins sourced directly from onlyfans tootlets to full on blue-ribbon braphogs who will BRAAAAAAAAAAAAAAPPP on peer-verified online streams.
btc lookin to break 18,000
eth looking to break 900
ir’s early afternoon & the real fuckery
happens in the middle of the night, 3-4 am
“Abandon all hope, ye who enter here”
-Dante, Inferno
When the world counts you out
When you're lost and you doubt
That you're good enough.
When you out on your own
and you're feeling all alone
Just keep hanging on.
Cause it don't matter what you're made of
Believe in yourself
And keep your head up, yeah!
Don't you know that you can
Shine
Shine
Shine
And together we will
Shine
Shine
Shine
Be strong and you will
shine
shine
shine
Shine onnnnn
Shine on!
Sometimes life isn't fair
Seems like nobody
cares about you anymore
Well as hard as it seems
nothing is out of reach
All is possible
Cause it don't matter what you're made of
Believe in yourself and keep your head up
Shine like a star cuz that's the way you are baby
Shine like a star cuz that's the way you really are baby
Cause it dont matter what's you're made of
Believe in yourself and keep your head up!
Cause it don't matter where you came from
You can do anything
Just try, try, try
Don't you know......
As a PC gamer I'm still seething over the hardware/GPU shortages robbing me of my digital pixels and manbaby fun. All due to the BS combo of GPU scalpers and crypto miner bros. So part of me enjoys the scorched earth issues going on for both sectors right now. NFT everything getting hard fucked by all of this is just a nice bonus.
$ value of btc means nothing at this point. Who cares everything is gonna crash come monday, real estate, stocks, indexes, it's not those assets that are crashing it's the rate hike, no more easy money, basically all southern euro countries are bankrupt now. I'd stock up on bitcoin now though, because there is a huge demand for a fair transparent currency/means of exchange to trade with between countries other then the $.
3090z already paid off price drops still mining! U think u are going to 4xxxx lmfao u can’t u don’t have money like me. Enjoy ur 970 and being a retardant and buying my coin at 60+ thousand when’s it’s almost free right now. There is a reason ok rich and u r a fat dip shit! Hugs
My spidey senses are going haywire man.
I personally believe things are going to get so fucking bad, that when the Fed offers CBDC's, people will actually accept it.
Yes, because when people are bartering for loafs of bread while friends and enemies guard with weapons; both sides will be more than willing to accept your electrons as payment; just because someone no one knows on the other side of the world says you're good for it.
I don't know shit about crypto except that the LULZraeli pajeets spam their shitcoins 24/7, but honest question--isn't there a ton of money in this stuff? And as such with crypto crashing so hard and so fast, isn't this going to spillover?
And I don't mean like the downturn in the markets we've seen this month so far that, while bad, is normal recession stuff. This seems like an immediate prelude to serious broader financial market implosion even before we think about continued inflation and the everything bubble popping (esp. with housing crashing right now)
Why don't you retards get this? It's so obvious. All assets are going down in price now, if you calculate their value in $, because the fed raised rates, and made it expensive to borrow money. At the end of the day all those people forced to sell are fucked though, because there wont be enough money going around , were talking 1930's depression, pretty much all southern european countries bankrupt,... The big story here is what powell said yesterday, that the u.s. dollar is loosing it's place as the world reserve currency, are basically bankrupt and are considering their options for a digital $ (which no one will want because it has no max supply unlike bitcoin, which is actually a stable currency). Also none of you fags will have enough $ to pay for 1btc, even if it's 5k, because of the reasons mentioned above. Shit is hitting the fan freens, and it's glorious! It's a winner take all scenario, and your fucked if you can't see whats at play here
Maybe, but the success of such B2B solutions
depends on the contacts of the CEOs.
XRP surely does not look bad in that respect,
but we outsiders do not know who is talking
with whom at the golf club in Singapore or Zurich.
How do you even sell in situations like this?
Everyone seems to be panicking, why would you buy an asset that will probably lose its entire value in a matter of weeks?
where have you been the last 6 months?
Next floor is 8K, bet we'll hit it by Tuesday.
It's over. Bitcoin is going sub $1
>Bitcoin is going sub $1
God, I fucking hope so.
I mean technically...tulips still do exist.
And they're available in colors not imagined in previous centuries, although some of the more desirable strains have become extinct, we are inventing new ones, and at rock bottom prices.
The best thing about tulips, is you only have to buy them one time, and they will reproduce on their own, making you tulip rich in no time at all.
why aren't you into tulips, anons?
>why aren't you into tulips, anons?
Poppies are better. At least they can be used to produce opioids that have a real market value.
you can still eat tulips if you're starving. You can't eat electrons stored on a thumb drive.
If you convert your mining profits to gold, silver, or dollars; more power to you. The only people who made real money in the California gold rush were the people charging 20x for the picks, shovels, and food. Read the biography of WT Sherman; he was stationed out there at the time. Barrel of flour for $1000, etc.
I'm 98.64% you homosexuals know what shorting is but I'll briefly educate the entire thread:
You can open a position that's basically a bet that an asset will lose value. This is how you make easy money on political news that tanks a company/stock/cryptocurrency
I'm shorting still but watching very carefully (like every 10 min). There was a giant cloud of doubt right before the dotcom boom as well where the internet looked "hopelessly novel and useless" to speculators & and big investor and it tanked everything.... only to quickly thereafter become the largest revolutionary technological boom ever seen.
That's where crypto is right now. I was only a kid when I first used the internet but I couldn't understand the idea of it failing as homosexual adults said. It was truly revolutionary and I had used often first hand (a rarity at that time)
Is crypto still the wild west with 95% being bullshit? Yes.
Is the concept revolutionary and do I use to do things I could never do otherwise?
Fuck yes.
Good luck getting a bank to use your crypto to back a loan (or any average asset that's not a house which none of you own anyway)
But with smart contracts it's a few clicks and completely optimized.
I use Fantom because it does everything ERC20 tokens can (aka Ethereum) and does it in under 15 seconds for under $0.05.
Yes for literally 5 pennies at most you can do anything you want on Fantom and spookyswap is still paying daily right now (which btw you stake Fantom to earn BOO and then you can stake your BOO rewards to earn even more in the form of direct currencies)
Welp I typed too much. Hopefully 1 random ass ajnin will make some money with what I said. Gl anons and fuck jannies and n-words
Don't bother. They won't listen to you, and even if they did they're too stupid to understand it.
All that for some ad for a gay exchange called spooky with boo rewards. So fucking gay
have a nice day indian cunt
Cutting the ad at the end,
I'd advise to check for this in long-term investments:
1. Can Joe Average use it easily? Think difficulty level "download Whatsapp".
B2B products are hard to judge, their success depends on insider networks.
2. Architectural fit to the problem: Not everything needs a Blockchain.
3. Recruitment. Do they hire 38 year old world-class mathematicians,
programmers and IT managers? Most revolutionary business is
transpiration and experience, not some 20 year old 1:1M genius doing it all.
BTW, fellow oldfag:
When crypto kitties were $100k in 2018, I knew it would crash.
The recent NFT and metaverse bullshit was 1:1 dotcom avatars.
So I 360ed out of it when that yacht sold for $500k or something.
When 23 year olds think they know it all to change the world,
it's time to pull the money out.
Look for companies with a decent concept,
decent mix of young innovators and experienced managers,
who know how to leverage Blockchain without
revolutionizing everything.
How many employees does this company have?
>didn't have the balls to short it at 28k
This unfortunately... I sicken myself.
How do you even short that shit? Do online exchanges sell options?
Yes...
Crypto is just as much if not more degenerate that stocks and bait fuel for gambling addicts.
so elon wont but twitter afterall
I will buy El Salvador once it goes bankrupt
Based Pajeet scammer!
Who else thinks that an MS13 punishment team will find el presidente & minister of finance, inflict torture procedure?
Their Abuelitas are dying, you know these good ol’ boys want to exact revenge
& do a heart extraction as in the days of the Aztecs, possibly livestreamed ?
final floor will be 5K.. if it hits that.. buy buy buy
>if it hits that.. buy buy buy
>buy buy buy
lolno
This is ez mode now. Just wait until it pumps 10% or more in a week then buy buy buy. You won't get it at absolute bottom but you will definitely make huge 4x+ profits.
Agreed that’s where I’m loading at. How’s anyone surprised this happened? Im surprised it took this long with Bidan and the cunt it was inevitable
Gonna buy your ass when it hits 0.0001
IT ALL RETURNS TO NOTHING
IT JUST KEEPS TUMBLING DOWN
TUMBLING DOWN
TUMBLING DOWN
>ONE MILLION DOLLARS
Thanks for the tip anon.
Where it will accelerate (in my opinion) is in two ways...
> all of the lesser coins which in some way peg to or rely on bitcoin for their own stability will get crushed
> most of the coins which attempt to peg to the dollar do so through the use of derivatives and coin baskets. The theory they are basing it on doesn't work when everything is collapsing.
So, the smaller fish who use bitcoin as some sort of store of wealth will be washed out of their other coins; and those who tried to secure themselves via Tether, etc; will discover that a derivative-based pegging doesn't work all the time; and fails badly in certain situations.
I'm going to keep saying, crypto is VERY much like the wildcat bank era of the late 1830's. It was created in the same way and will end the same way.
> all coins (except the few backed by stored gold) going to zero is very possible
BUY THE DIP
Which one?
Last week’s, yesterday, or today?
>L'Embarras des richesses
-overabundance of something or too much of a good thing
>Its reaching bottom, $20k is the support lev--
It's 10k now
>It's 10k
19K was the real previous floor. It's 8K now.
It's not gonna go below 11k tho. Screenshot this.
The best time to buy is when blood is in the water. 18k is a steal for BTC
what makes it worth more than $1 (and don't say blockchain, you can have that without the coin)
Listen homosexual, you seem dim, so I'll make this quick. Price go up, price go down. Buy when it goes down.
prices go up, prices go down. But that doesn't mean "what goes down, must go up again". Doesn't matter how many times it has in the past.
Sure, you can swing trade pretty well; and may keep your money if you get out in time. But there will always be those who buy to swing trade; and then never see break even again.
For example, those who bought silver during the 79 bubble/scam; who have been waiting over 40 years to hit breakeven.
Bitcoin offers no utility which isn't already being accomplished somewhere else cheaper (or free). There is no reason it can't go back to zero where it started
Specifically because it relies on three things: abundance of chips, cheap energy to break even abd child porn/trafficking. The first is severely hit by the current events and upcoming Taiwan operation, the second made mining unprofitable because of energy prices exploding everywhere except Russia and all exchanges stealing tokens from anyone who had transactions with Russia, the third was taken care of by Ukraine and abundant export of dicky
It goes beyond that, in my opinion.
The "great idea" of crypto was the "trustless" and "decentralized" argument.
Ya, that's just what criminals want; but the vast majority of the population doesn't want either; they want a fiduciary (someone legally held responsible for not stealing your money)
So, for example, with the collapse of that company last week; people suddenly figure out that what they've bought into is an unregulated industry; where there is no guarantee like FDIC for your assets.
I get wanting to be able to move money to someone you don't know; but only a fool demands an infrastructure where no one is on the hook for handling the cash.
And don't get me started on "Market Cap"; that myth which makes people think that they are rich when in fact they're only suckers
As long as the fundamentals of cryptocurrency remain strong, reasonable value will remain.
Kek. What fundamentals? I guess it has a strong balance sheet and a good p/E ratio, huh?
beat me to it.
There are no fundamentals. The only thing holding it up is the belief that it has value; that someone else is willing to pay money for your collection of electrons. Yes, just like fiat currency; but without the helpful law which requires it to be accepted for payment of all debt public and private
Eventually you and the rest of the world will soon come to learn that it is the dollar that is volatile. Bitcoin is set in stone.
the big difference is that unlike bitcoin, there is a law requiring that dollars be accepted for all debts public and private. And if ever we reached the point where that could no longer be enforced, we would have much bigger problems than money
It would take too long to describe everything wrong in that comment. But I would have included:
> why dollar isn't going to crash
> while no longer being the world reserve currency is a very good thing
> bitcoin is nothing near stable; It has no inherent value; so it can go to zero
> 30's depression won't happen, because the dems only have 20 more days of working authority before they lose power (20 working days in congress between now and the election)
Anon, we have already passed the point of no return as the global sovereign fiat debt crisis spirals out of control. Nothing else really matters. The world needs a trusted unit to store our wealth.
oh please; I have been hearing that for the last 40 years, and even believed it for the first 5 of those years. But it's a flawed theory because it assumes that people will do nothing to stop it.
Besides, we are not even as bad as we have been in the recent past. Meanwhile, everyone is freaking out because inflation has finally reached the level where it was when us boobers were your age.
IDK anon..perhaps this time is different. BOJ is fighting to do Yield Curve control and destroying it's currency, 3rd world countries are already tipping over, ECB is stuck doing circles using their "tools" / QE. Financial markets are freaking out about small incremental rate hikes. We already know the cap will be somewhere around 3% before they have to reverse course again, which will be highly inflationary. Couple this with "Build back better", Green transition and those nutjobs over at the WEF and their agenda..idk anymore.
>Couple this with "Build back better", Green transition and those nutjobs over at the WEF and their agenda..idk anymore.
Again, the US Congress has 20 days of work scheduled between no and the November midterms. After that election, the opinions of the dems aren't going to matter much because they will no longer be in control of the house; and the house is the only people who can spend money.
Nixon taking off gold is an example of what I mean when I say "don't assume people will do nothing". What happened there was:
> under the rules, dollars could be converted to gold
> The saudi's (and a few others) decided to use their oil money to empty fort knock of all our gold.
> nixon said, sorry, rule change, you can have our dollars but you aren't getting our gold.
Does the US Government have any oversight into the Fed and it's creation of FedNow? And will they have any say with CBDC's? I mean Jerome Powell and the Fed seem to be the ones moving this new monetary system forward, with little to no opposition from anyone in Government as far as I know. He's talking about the future of the USD here. Very loaded statements he's making. Watch.
https://twitter.com/disclosetv/status/1537832095602597890?s=20&t=-hTdJHCU2cE2shiYOOO0mg
The Fed operates as a quasi-private bank. So they are a bank in most stuff; but all of their directors are appointed by elected officials; which presumes some sort of control of general election.
They always quote their "duel mandate" as "price stability and maximum employment". This does not always suggest the best course of action in all times.
At the same time, being what is essentially a single client bank, there is give and take. Once your debtor owes you above a certain amount; it's in your own interest to keep them from failing.
The fed does not hold the rights to the term "dollars"; except as a representation of US dollars (which can also be created by the treasury). So any digital dollar would have everyone in the room during the planning.
The recent conflict between the Fed and the Administration is this: the fed is raising rates because everyone knows they should have done it years ago, and it's long overdue. The administration wants a rate decrease, thinking it will calm things down to win the midterm. At this point, the fed is not willing to bail their asses out at the expense of the long term financial stability
You might be right. I’m much younger. It’s all good. I have no stress either way. I save using dca into bitcoin.
>I have no stress either way. I save using dca into bitcoin.
There's a contradiction in that. I couldn't even have complained if you said gold (though I would have disagreed), but to put your eggs into an unstable single basket is nuts..
With NTF's, I am reminded of the line from "Wall Street 2"
> it's a miracle that a fool and his money ever got together in the first place.
So much is based on the idea that uniqueness and scarcity automatically brings value. Yes, the Mona Lisa is unique, but so is anons last dump; and no one wants to pay for that uniqueness.
In my opinion, the crash of crypto is simply a side-effect of the larger social crash we're going through. The lockdown forced everyone to come to personal terms with their place in the world; and the value of useless material trinkets to the bigger picture.
I don’t trust gold. It’s a black box. We have no idea who or how much gold even exists in circulation. With bitcoin, I can confirm, every 10 minutes, the supply.
> why dollar isn't going to crash
lol, it's being devalued(is crashing) since before I was born starting with nixon, who decoupled it from gold.
>> while no longer being the world reserve currency is a very good thing
your delusional, look at the u.s. trade deficit, it's chill when you can pay for all imports in the global world reserve currency that you can manipulate to your liking, a privelege countries without the reserve currency of the world don't have. The whole world borrows you money beecause until now the $ was the reserve currency, you ever looked at the debt stats?
> bitcoin is nothing near stable; It has no inherent value; so it can go to zero
You don't get it, if you have 0.5btc you have 50000000sats. Now how many of those beautiful $ the market wants to exchange for 1 btc, is a question of supply and demand, and clearly how many $ are in circulation. Sure it can go to 0$ if the u.s. abolishes the $, and comes up with some other shit currency, and no one will want dollars, and therefore no one will accept $ as payment for btc. Bitcoin is the most stable thing to own unlike fiat, there is no instance that can just create more btc out of thin air, there is no african country where they can just find more "digital" gold, it just keeps on doing what it was designed to do, since the genesis block. The inherent value of btc is to have a decentralized, fair, global, monetary system, that lets countries and individuals exchange value.
True cryptocurrencies have the fundamentals of gold. Aka it cannot be printed, there is direct cost of mining it, and there is a finite supply.
Bitcoin fits all this but is just too fucking slow and gay to be practical thus the "store of value" meme was born
Ethereum is the short term future (same principles) but Fantom will kill ETH within 2 years.
It's fully ERC20 compatible aka everything on Ethereum works on Fantom except transactions take less than 15s and cost less than $0.10 (ETH at *ABSOLUTE BEST* for any transaction no matter how small costs $60 and takes 20 minutes. You want to stake $40 of LINK? That'll be $55 dollars just to "approve it" and then $75 more to actually stake it)
Scarcity and expense of creation aren't sufficient for something to be valuable. I could start my own currency with hand-minted, hand-engraved brass coins. I can only make 100 per day. Unless I can back my currency up with something universally valuable (say, gold) or convince people it's really valuable, trust me bro, then it's worthless.
so you have no idea
>buy when price go down
>price keeps going down
>start working double shifts every day of the week
How many employees does this company have working for it?
When it hits below 10,000 I’ll buy one whole coin.
You won't do shit lol
TITANIUM SUPPORT AT 18.000
BUY BUY BUY
NEXT STOP: 100K OR THE MOON
We’re about to have another liquidity crisis in the financial markets 2008 style and the EU has already givem up tackling information four days after intetest rates on Italian and Spanish bonds broke 4%, expect a hyper-inflationary recession in the countries with massive systemic risk to their financial systems due to interest rates in their bonds being artificially supressed by the EU.
fucking autocorrect *tackling inflation*
bitcoin was just a scam to keep everything going for little longer, and majority fell for it xDD stupid idiots
The ponzi scheme proving its a ponzi scheme?
Big surprise.
Funny thing is ponzi scheme fans not understanding that its a ponzi scheme until its too late and they neck themselves
All part of a greater plan, Crash Cryptos, regulation comes in. Move everyone into cash.
Eventually CBDC's replace everything.
Here's a twitter link of J. Powell making some bold statements about the future of the dollar, FedNow and CBDC's. I believe it's from yesterday, barely reported on by the MSM if that.
https://twitter.com/disclosetv/status/1537832095602597890?s=20&t=-hTdJHCU2cE2shiYOOO0mg
Good. The more king shit coin falls the more it drags everything down with it and I can buy more of the projects I’m actually excited about. Be greedy when others are fearful anons
https://vocaroo.com/17VM88KsKpz8
This man was sent to destroy crypto, he will liquidate everyone and send all the money to the Biden reelection campaign.
Was Bitcoin a ruse to keep inflation down this whole time? Lots of dollars just magically disappeared…Except they rugpulled the middle class who got in late (also El Salvador and Tom Brady)
In a few years I believe we will find out much more about the mysterious origins of the entire crypto fad. It's been a mechanism to normalize digital currencies and Central banks are ready to deploy theirs soon. The timing is just too suspicious for me.
There certainly are very rich investors who together set the market price.
The shilling for the decentralized nature without any facts about market
movements is a red flag.
It was always speculative vaporware, now the scheme is falling apart. Only the very few crypto with actual utility will survive.
They've found other ways of increasing their wealth.
WERE SO FUCKING CLOSE BLACK PILL BROS.
Glad I put my money into brapcoin, the only decentralized, multiplexed coin that solves the blockchain dilemma and is based entirely on the generation of coins sourced directly from onlyfans tootlets to full on blue-ribbon braphogs who will BRAAAAAAAAAAAAAAPPP on peer-verified online streams.
btc lookin to break 18,000
eth looking to break 900
ir’s early afternoon & the real fuckery
happens in the middle of the night, 3-4 am
“Abandon all hope, ye who enter here”
-Dante, Inferno
There's nearly 20,000 different cryptocurrencies.
The market is saturated and overhyped.
WOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO 16k club here we come.
When the world counts you out
When you're lost and you doubt
That you're good enough.
When you out on your own
and you're feeling all alone
Just keep hanging on.
Cause it don't matter what you're made of
Believe in yourself
And keep your head up, yeah!
Don't you know that you can
Shine
Shine
Shine
And together we will
Shine
Shine
Shine
Be strong and you will
shine
shine
shine
Shine onnnnn
Shine on!
Sometimes life isn't fair
Seems like nobody
cares about you anymore
Well as hard as it seems
nothing is out of reach
All is possible
Cause it don't matter what you're made of
Believe in yourself and keep your head up
Shine like a star cuz that's the way you are baby
Shine like a star cuz that's the way you really are baby
Cause it dont matter what's you're made of
Believe in yourself and keep your head up!
Cause it don't matter where you came from
You can do anything
Just try, try, try
Don't you know......
if everyone is in the same boat lets call it the good ship financial ruin who really gives a flying fuck suckers
Yes I would like fries with that, Diamondhands.
As a PC gamer I'm still seething over the hardware/GPU shortages robbing me of my digital pixels and manbaby fun. All due to the BS combo of GPU scalpers and crypto miner bros. So part of me enjoys the scorched earth issues going on for both sectors right now. NFT everything getting hard fucked by all of this is just a nice bonus.
>Bitcoin going down theme song
Wagie wagie back in the cagie.
How much does it cost on average to mine a btc? Also BCH is the real Bitcoin.
HOLY FUCK ITS HAPPENING
$ value of btc means nothing at this point. Who cares everything is gonna crash come monday, real estate, stocks, indexes, it's not those assets that are crashing it's the rate hike, no more easy money, basically all southern euro countries are bankrupt now. I'd stock up on bitcoin now though, because there is a huge demand for a fair transparent currency/means of exchange to trade with between countries other then the $.
3090z already paid off price drops still mining! U think u are going to 4xxxx lmfao u can’t u don’t have money like me. Enjoy ur 970 and being a retardant and buying my coin at 60+ thousand when’s it’s almost free right now. There is a reason ok rich and u r a fat dip shit! Hugs
>OH N-
RIP HODL bros.
Here's a song to cheer you up.
Looks guys it's complicated but it will definitely be over 100k when the Civil War starts.
I can see BTC rebounding to 100k honestly,
a loaf of bread will also be 100k though.
Its worthless bro. Only assets that produce profits and income will have value for the foreseeable high inflation environment.
>Only assets that produce profits and income will have value
Or can be used to produce income. Gold, commodities, land, etc.
Water actually is the most valuable resource
I agree with you.
Back to wherever you came from homosexuals. You're so fucking retarded you make newfag redditors seem almost 80iq
My spidey senses are going haywire man.
I personally believe things are going to get so fucking bad, that when the Fed offers CBDC's, people will actually accept it.
I remember him predicting bc would hit 200,000 this year
Yes, because when people are bartering for loafs of bread while friends and enemies guard with weapons; both sides will be more than willing to accept your electrons as payment; just because someone no one knows on the other side of the world says you're good for it.
>Next floor is 8K, bet we'll hit it by Tuesday.
Natural price should be like -$1,000. Negative because shithole miners should pay a heavy tax for wasting electricity and producing mega carbon.
hey, gpu miners, gamers send their regards
One NINENTY FIIIIIIIVE
1/2.
>thinking 7 transactions per second is disruptive
ahahahahahahha
>the bear will leave it's cave forever
ragingwojakrope.png
top kek
IM FUCKING DOING IT GUYS DONT TRY TO TALK ME OUT OF IT
Doing what
don't try and talk him out of it, it's for the best
>IM FUCKING DOING IT GUYS
I happen to be a trans woman. Don't fucking misgender me, asshole.
>I happen to be a trans woman
you think youre special, or something? im a gay, gnomish, black woman. feel my power.
I don't know shit about crypto except that the LULZraeli pajeets spam their shitcoins 24/7, but honest question--isn't there a ton of money in this stuff? And as such with crypto crashing so hard and so fast, isn't this going to spillover?
And I don't mean like the downturn in the markets we've seen this month so far that, while bad, is normal recession stuff. This seems like an immediate prelude to serious broader financial market implosion even before we think about continued inflation and the everything bubble popping (esp. with housing crashing right now)
does correlation = causation?
Why don't you retards get this? It's so obvious. All assets are going down in price now, if you calculate their value in $, because the fed raised rates, and made it expensive to borrow money. At the end of the day all those people forced to sell are fucked though, because there wont be enough money going around , were talking 1930's depression, pretty much all southern european countries bankrupt,... The big story here is what powell said yesterday, that the u.s. dollar is loosing it's place as the world reserve currency, are basically bankrupt and are considering their options for a digital $ (which no one will want because it has no max supply unlike bitcoin, which is actually a stable currency). Also none of you fags will have enough $ to pay for 1btc, even if it's 5k, because of the reasons mentioned above. Shit is hitting the fan freens, and it's glorious! It's a winner take all scenario, and your fucked if you can't see whats at play here
Damn sub $18k. Ethereum is sub $1k. Fascinating times
lmao
If El Salvador goes bankrupt prepare for giga migrant march to end all marches
That would be the one immigrant wave that the US isn't responsible for lmao
imagine pegging your currency to bitcoin to own the chuds at the US treasury
Why are you kids so retarded?
They put in less than 1% of their investment budget into Bitcoin.
Do you know how valuable 1% is for a poor country like that? They are scraping every cent they can find, 1% is a shit ton for them.
glad I earned so much BAT with the BRAVE BROWSER!
BAT to the moon!
XRP is the future.
Maybe, but the success of such B2B solutions
depends on the contacts of the CEOs.
XRP surely does not look bad in that respect,
but we outsiders do not know who is talking
with whom at the golf club in Singapore or Zurich.
off to find another thread now
it's been fun, and i'll leave you with this...
How do you even sell in situations like this?
Everyone seems to be panicking, why would you buy an asset that will probably lose its entire value in a matter of weeks?
they're killing themselves over in LULZ, it's pretty cool. we need less retards in the world.
I'm not afraid, I will be buying more crpyto. That's about all, peace out.