What went so wrong with cryptocurrencies?

Why did they crash so hard?

  1. 2 weeks ago
    Anonymous

    Time to accumulate for 3 years. Peaks in 4-5 years again (320k btc).

    • 2 weeks ago
      Anonymous

      In 3-5 years $350k will be less than the $20k they are worth now.

  2. 2 weeks ago
    Anonymous

    garden gnomes had they're precious gold threatened.

  3. 2 weeks ago
    Anonymous

    Sam BANKman

  4. 2 weeks ago
    Anonymous

    I mined BTC when it was only worth $20...
    I don't know why people went so crazy for crypto, there was never a good infrastructure for it in terms of using it as cash outside of online shit.

    • 2 weeks ago
      Anonymous

      You can store wealth in your brain alone and transfer it trustless over radio signals. Pretty neat. The only people who are not at least 50% into btc are the ones who doesn't understand it.

      • 2 weeks ago
        Anonymous

        Don't know if broken bot or just retarded.

      • 2 weeks ago
        Anonymous

        >says the guy who doesnt understand it

        btc is not crypto. the government can easily view every transaction youve ever made and then figure out what you purchased. they can also blacklist your coins at will to make them lose value. you are not very bright. you are literally the midwit meme of crypto

        • 2 weeks ago
          Anonymous

          >they can also blacklist your coins at will
          ?

          • 2 weeks ago
            Anonymous

            They can block you from exchange those btc to anything else.

        • 2 weeks ago
          Anonymous

          >the government can easily view every transaction youve ever made and then figure out what you purchased.

          No, they can't.

          • 2 weeks ago
            Anonymous

            n-word, the btc blockchain is plainly browsable for ANYONE. All it needs is tying your id to your wallet adress and then track your transactions.

        • 2 weeks ago
          Anonymous

          >the government can easily view every transaction youve ever made and then figure out what you purchased
          taproot, utxo swapping, private lightning liquidity, atomic swapping into/out of monero
          try again anon

      • 2 weeks ago
        Anonymous

        >Don't understand it
        Thank you t.pic related

    • 2 weeks ago
      Anonymous

      Obviously this anon is just sick to his stomach that he missed out on the opportunity of a lifetime. I don’t know if I’d be able to move forward in life knowing that had Bitcoin at these levels. Godspeed anon

  5. 2 weeks ago
    Anonymous

    More mid wits trying to outperform BTC by buying dog, ape and n-word meme coins. garden gnome lending platforms using custodial n-word cattle's coins to short the market.

  6. 2 weeks ago
    Anonymous
    • 2 weeks ago
      Anonymous

      Why did You post this. You literally made me weep uncontrollably.

      • 2 weeks ago
        Anonymous

        weak gay man, grow some balls.

    • 2 weeks ago
      Anonymous

      dark

      • 2 weeks ago
        Anonymous

        Just a bit of dark comedy m8

    • 2 weeks ago
      Anonymous

      is that the what was her name, kid that was killed by her parents in some southern european shithole?

      • 2 weeks ago
        Anonymous

        It was an American household. Dude killed his family because he went out with another woman and just got bored of them. He's literally inhuman.

        • 2 weeks ago
          Anonymous

          thats satanic holy shit

          • 2 weeks ago
            Anonymous

            He's leaving out the "best" part.
            The guy literally tried to take them to his workplace, some oil refinery type of deal and hid them in crude oil well or some shit like that. They were found few days after but yeah...

            • 2 weeks ago
              Anonymous

              The best part is him almost snickering while talking to TV crews about how much he missed his family and how worried he was. He was such a bad actor that he made it comical.

          • 2 weeks ago
            Anonymous

            Theres more
            The guys neighbor had a DVD of security cam footage
            It showed the killer backing up his truck to the garage and loading it in the middle of the night in a very suspicious way
            and
            When the neighbor was messing around with the DVD player, there was a few seconds of TV ads that showed something very odd

            go to 3:44

            >A baby
            >In the womb, then an hourglass
            >an explosion
            >then a skull emerging from oil
            The guys wife was pregnant when he killed her and their kids, and he disposed of their bodies in a big tank of oil

            • 2 weeks ago
              Anonymous

              Holy shit that's weird. Some synchronicity right there, or maybe karma.

  7. 2 weeks ago
    Anonymous

    not enough idiots to scam to get paid, big boys panic and cash in while people who were late are now trying to cope and scam new people, it's not working, sell low to rake back some money if possible

  8. 2 weeks ago
    Anonymous

    When 140,000 coins show up and everybody wants to get rich quick, well, you're at the mercy of sharks. Get smart, people

    • 2 weeks ago
      Anonymous

      Please explain

  9. 2 weeks ago
    Anonymous

    Speculative risky assets are getting hit hard right now, then again everything is

    • 2 weeks ago
      Anonymous

      People getting desperate, cashing out instead of investing/hodling

  10. 2 weeks ago
    Anonymous

    because if you don't hold it in your hand, it has no value
    invest in gold, silver and 9mm

    • 2 weeks ago
      Anonymous

      >because if you don't hold it in your hand, it has no value

      Cool, you'll have no trouble transferring all the money in your bank account to me then, since it's just 1s and 0s, and since you cant hold in your hand l, it has no value and you wont miss something so worthless.

    • 2 weeks ago
      Anonymous

      9mm? No one needs that, you could blow somebody's lungs out!

  11. 2 weeks ago
    Anonymous

    stimulus checks ran out and lazy zoomers are poor again

  12. 2 weeks ago
    Anonymous

    besides being inherently worthless and totally anti-hedge during inflation and economic turmoil: high energy prices

  13. 2 weeks ago
    Anonymous

    they never received the widescale acceptance they so coveted

    • 2 weeks ago
      Anonymous

      Not true. Dogecoin

  14. 2 weeks ago
    Anonymous

    >Why did they crash so hard?
    Cos I bought some.

    • 2 weeks ago
      Anonymous

      checked and bogdanoff-pilled

    • 2 weeks ago
      Anonymous

      checked and bogdanoff-pilled

      >He baught?
      >Dàmp eet.

      • 2 weeks ago
        Anonymous

        Never seen such a picture with this amount of satan serving demons in it

      • 2 weeks ago
        Anonymous

        Damn, even the canadian tit cow got bogged?

  15. 2 weeks ago
    Anonymous

    Fed stopped easy money regime. Cryptos will literally never reach COVID highs.

  16. 2 weeks ago
    Anonymous

    >bitcoin is dead
    >bitcoin will consume 50% of world's energy in 5 years

    So many retards in this thread it's insane.

    • 2 weeks ago
      Anonymous

      Based bitcoin enjoyer

    • 2 weeks ago
      Anonymous

      bought @ 300 will sell if 100k which i think the max it will ever be

    • 2 weeks ago
      Anonymous

      Lol that axis

      Just no

      This is literally an example of overt data manipulation, cope and cringe

      • 2 weeks ago
        Anonymous

        >he doesn't know what a log scale is
        ngmi

        • 2 weeks ago
          Anonymous

          I know when it's useful. Apparently you don't but it's good it's helping you cope.

          See here.

    • 2 weeks ago
      Anonymous
      • 2 weeks ago
        Anonymous

        ITS FUCKING DEAD11!!!!11
        GAME OVER CRY-BROS

      • 2 weeks ago
        Anonymous

        pink_wojak.tiff

      • 2 weeks ago
        Anonymous

        Brainlet here, why couldn't this rebound just happen again?

        • 2 weeks ago
          Anonymous

          Those peaks coincide with economic stimulus from the government, no more stimulus for the foreseeable future. It's more to say those all time highs were artificial and the economy is sobering up.

          • 2 weeks ago
            Anonymous

            Thanks, not my area of expertise

        • 2 weeks ago
          Anonymous

          the pattern of the 3 peaks is called a triple top and is super bearish. price will return to the cost of production which is closer to $8k before it goes back up.

  17. 2 weeks ago
    Anonymous

    there's going to be a new money making fad coming soon, those who are in the club are already in the know making money off it before it takes off, once their bag is secure they tell us what it is, we buy in on the fomo, and then they sell out leaving more people holding bags. the cycle is rinse repeat.

  18. 2 weeks ago
    Anonymous

    based LUNA hodler here. Who else #team TERRA ?

    can hardly wait to cash out my insane gains, havent checked in a while. sold the house and bought at 20$, last time i checked it was at 200$! i know the market went down but LUNA is so based it'll NEVER go below 50,- ever again 😉

    stay poor and mad, homosexuals!

    • 2 weeks ago
      Anonymous

      Nobody tell him.

  19. 2 weeks ago
    Anonymous

    >Why did they crash so hard?

    Bigger highs, bigger falls.

    also, buying anything other than BTC is fucking retarded.

    • 2 weeks ago
      Anonymous

      >buying anything other than BTC is fucking retarded.

      Unless you are gambling to raise your BTC stack.

  20. 2 weeks ago
    Anonymous

    Nothing went wrong, you were just on the wrong end of the scam.

  21. 2 weeks ago
    Anonymous

    Look how nice this flower is anon.
    It added the value of a small amount of beauty, fragrance, and oxygen to the world.

    • 2 weeks ago
      Anonymous

      >2022
      >comparing a 3 year long boom and bust based off an infinite supply of flowers that dont hold their value to a FINITE decentralized currency that is already 12 years old and is currently up 10'000%

      enjoy your brain aids.

      • 2 weeks ago
        Anonymous

        Weimar bank notes were also FINITE

        Trees that produce paper and electricity is also "infinite" by your retarded definitions.

        Oil is also "decentralized"

        • 2 weeks ago
          Anonymous

          the truth is nothing is finite and nothing is infinite. yes, that simple. will manifests resources, which are either organically reproduced at a controlled rate or induced into a cycle of perpetual availability; oil for example.

          BTC fits somewhere into that scale.

      • 2 weeks ago
        Anonymous
        • 2 weeks ago
          Anonymous

          Yes, yes don't try to make your own money goy. It's impossible. You are wasting your time

    • 2 weeks ago
      Anonymous

      >Look how nice this flower is anon.
      >It added the value of a small amount of beauty, fragrance, and oxygen to the world.

      Extraordinary Popular Delusions and the Madness of Crowds, Charles Mackay, 1841

      https://en.wikipedia.org/wiki/Extraordinary_Popular_Delusions_and_the_Madness_of_Crowds

  22. 2 weeks ago
    Anonymous

    Ic what u did with pic. Good funny

  23. 2 weeks ago
    Anonymous

    >why crash?
    because smart people take profits and other smart people open shorts while further smart people run automated trading systems that long/short. the point of the game is to take the money from those who panic buy/sell. This money is either cheap coins or cheap coins to close your short trades. can also be expensive coins to close your longs or open shorts before the real dumpening starts.

    >why crash hard?
    because crypto has small liquidity, the orderbooks are easily broken.
    that is why it pumps hard and dumps hard.

    >but isnt this just a game of poker?
    sure, it is BUT, that does not invalidate the technology of blockchain which has some pretty cool uses but all this talk is just bedtime stories for hodlers.
    remember this:
    blockchain does not need you to succeed for itself to succeed

    any other questions?

    • 2 weeks ago
      Anonymous

      >blockchain does not need you to succeed for itself to succeed
      This is what I don't get about hodlers not getting.
      I missed the crypto boat because I didn't mine nor buy it at sub 100 dollars and I'm ok with that. I have to be ok with it because I don't want to light large piles of money on fire.
      The government is going to take the tech and regulate some version of it defeating the libertarian anarcho fantasy and banks are going to get the rapid transaction tech anyway. What else is there to this story? Where will you make money? Staking worthless coins? It's tulips all the way down.

    • 2 weeks ago
      Anonymous

      >blockchain which has some pretty cool uses

      Name one

      • 2 weeks ago
        Anonymous

        trustless systems is the main one.
        this means little to no third parties.

        again, this does not mean that it will to make everyone millionaires.

    • 2 weeks ago
      Anonymous

      >take profits
      You mean get paid by exchanges for their video game money. Exchanges are the entire scam, there would be no profit at all if you couldn’t convert Internet shekels into sovereign currency.

    • 2 weeks ago
      Anonymous

      for all the retarded nftn-words in this thread, youve somehow bested them all in the game of stupid.

  24. 2 weeks ago
    Anonymous

    A better thread would be why does TD ameritrade have the only decent stock graphing tools ffs I don't want to keep any money there but I need my stochastics motherfuckers.

  25. 2 weeks ago
    Anonymous

    What do you mean?

  26. 2 weeks ago
    Anonymous

    It's coming back up. You can make some money if you buy in around 20k. It'll be back to 50k by next year.

    • 2 weeks ago
      Anonymous

      >It'll be back to 50k by next year.
      This conclusion based on nothing but pure hopium.
      There is just as much chance it'll be worth $5k by next year, because there is zero inherent value.

      • 2 weeks ago
        Anonymous

        There was zero inherent value when it peaked at 60k, and yet it went there.

        It's a thing of interest and it will return and probably fall again after that.

        • 2 weeks ago
          Anonymous

          It's reflective of disposable income levels going down. Crypto bet not looking so good when mortgage is overdue. Happily it means wokeshit is following suit.

          It's not just the money either, it's the time people are spending on these damaging psychological campaigns they can't afford to invest either, time being the most precious commodity that exists.

          • 2 weeks ago
            Anonymous

            My prediction is once gas prices come down and this artificially induced inflationary period resolve BTC will start climbing again.

            Now if Biden tries another vote fraud like his first as he ramps up for re-election, that may cause trouble and uncertainty and delay the bounce. But we will see.

            • 2 weeks ago
              Anonymous

              Isn't Bitcoin supposed to be immune from government interference?

              • 2 weeks ago
                Anonymous

                define interference.
                legal? no its not
                buying/selling (price manipulation)? not its not
                technical? yes probably immune.

              • 2 weeks ago
                Anonymous

                The government-induced inflation we're seeing now thanks to the current administration is at the heart of the recent lack of confidence BTC is experiencing right now. People panic. Create hysteria and watch how everything is affected by it.

                In calmer, more confident times, BTC will flourish. Gas nearing 10 bucks a gallon does not inspire financial confidence. Also people are expecting a housing market crash and that's also created a volatile crypto market. Everyone is on edge waiting for the next big disaster, and in their anxiety and fear they induce the next big disaster themselves.

            • 2 weeks ago
              Anonymous

              >another vote fraud
              You really need to watch some of the Jan 6th committee stuff. It's a lot of Trumps own people and tons of GOP insiders straight up saying they had no proof of fraud, never did.. Were asked to lie etc etc etc. There just wasn't any fraud. It was a scam for Trump's ego and to fleece millions from his core base, for a fund that didn't even exist and just rolled over into his private PAC.

              • 2 weeks ago
                Anonymous

                Jan 6th committee was a nothingburger anon. Hate to break it to you, but the entire COVID period was staged in order to subvert the election through forced mail in voting; something you will recognize when you look how mail in voting is banned in many other nations where it was used to defraud the public of their voting power.

                Did Trump fleece his voterbase? Probably. Is Biden going to announce COVID lockdowns 2.0 before his run for a 2nd term? You can guarantee it. He already announced that another pandemic is coming, publicly.

              • 2 weeks ago
                Anonymous

                How many new states passed voter id laws anyway? I've barely paid attention.
                The opposition to a simple voter id proves who's full of shit and who is somewhat on the level full stop.

              • 2 weeks ago
                Anonymous

                Yep, exactly. Anyone that would rally against a basic form of voting protection is very obviously part of the subversion. Voting ID is required almost everywhere else, but not here? On what grounds?

                Then there's;
                >ID required for guns
                >ID required for alcohol and tobacco
                >ID required for literally everthing else
                >but nononono we can't ask poor blacks for ID
                >DAS RACIS

              • 2 weeks ago
                Anonymous

                Because hospitals had a history of simply not issuing birth certificates to newborn black babies. How hard is it to get any other form of ID without a birth certificate?

              • 2 weeks ago
                Anonymous

                >you really need to consoom this propaganda we whipped up for you, goy!

            • 2 weeks ago
              Anonymous

              People are so sick of democrat nonsense I expect a bloodbath in Nov. If there isn't one anti-fraud measures get traction or civil war will be here.
              There are foreign forces with vested interest in american civil war and you can bet they will be feeding more kompromat style stuff to the D's who gobble it down and leak it to the press.

              Gas prices won't come down without a regime change.
              >Biden's going to lower gas tax!
              Yeah you mean the ones he raised already? lol

      • 2 weeks ago
        Anonymous

        The inherent value of crypto is the exact same as the inherent value of paper money or the inherent value of the Mona Lisa.

        • 2 weeks ago
          Anonymous

          Yep, all we have to do is wait for the governments to enforce their obvious interests in a currency they can't regulate so there will be widespread adoption by banks insured by said governments.

          • 2 weeks ago
            Anonymous

            That has literally nothing to do with anything in my post. Inability to differentiate concepts is a hallmark of low IQ.

            • 2 weeks ago
              Anonymous

              It's just free thinking outside the rut of your one dimensional mind. The forest outside your little cabin is dark and full of shadows that scare you so it's easier to dismiss any line of thinking you disagree with rather than follow it to the end.

              How is the government enforcing currency not relevant to the value of crypto? Onus is on you to prove this now since you've asserted it by dismissing what I said. I'll wait.

              • 2 weeks ago
                Anonymous

                >gibberish
                That still has literally nothing to do with anything in my post.

              • 2 weeks ago
                Anonymous

                You concession is accepted.

      • 2 weeks ago
        Anonymous

        value enough to make you post some frustrated jibberish

  27. 2 weeks ago
    Anonymous

    I've been buying each friday with my wages since march 2013 and I am not going to stop now, I'll only stop after I have over 500 BTC

    • 2 weeks ago
      Anonymous

      chinese miners are offloading their shit now. it's over. get over it and stop expecting easy money for nothing, homosexual.

  28. 2 weeks ago
    Anonymous

    Bitcoin is inevitable. Once everything falls apart, and it will, bitcoin will be what people turn to. You n-words act like bitcoin has never had a major correction before. Human psychology still affects short term trends. Bitcoin looks real bad if you bought above 60k and still hold it, yes. But each bull run has represented human beings being retarded and if you lose money because of that, you're one of the retards

  29. 2 weeks ago
    Anonymous

    Not just crypto, stocks too. Makes me wonder why did stocks crash alongside crypto.

    Someone smarter explain pls

    • 2 weeks ago
      Anonymous

      herd mentality

    • 2 weeks ago
      Anonymous

      actually, the correlation between the sp500 and btc (crypto) is close to 1 these last months if not a year or more.

    • 2 weeks ago
      Anonymous

      risky assets dump harder than something like the sp500 but in the end, if sp500 and dji and nasdaq and all the stocks that are in them dump because of whatever reason,
      what makes BTC immune to this?
      BTC is part of the wider economy since like 3 years now.
      it behaves like a stock

    • 2 weeks ago
      Anonymous

      Central banks are increasing interest rates to counter inflation. This directly causes other capital investments to fall as it makes more sense to keep cash in banks rather than stocks or other investments that may fall in value rather than rise in value—even if just a little bit.

    • 2 weeks ago
      Anonymous

      Wait, you came in here wondering about the actual state of the market, and not to call the op a retard? Well, you see, there's this little global economic kerfuffle called the "Ukraine War" that's absolutely shitting a hole through the bed of nearly every major economy as sanctions and embargos get whipped around left and right from every country in three quarter-spheres right as we come off the back of this other largely insignificant world rocking crisis called Covid-19 that we were just starting to get off the back foot from.
      Kind of niche little topic, I doubt you even realized anything was happening at the time, but they were pretty noticeable trend setters.

    • 2 weeks ago
      Anonymous

      garden gnomes

  30. 2 weeks ago
    human man

    if you bought in when i did, you'd realize what a complete and utter retard you are

  31. 2 weeks ago
    Anonymous

    Pyramids end some point
    Σn^2 goes over population of earth quite fast

    • 2 weeks ago
      Anonymous

      >Pyramids end some point
      Not really. The stock market has been going since the 1600s

      You will have downturns but as long as you have inflation or increasing population it can go forever

    • 2 weeks ago
      Anonymous

      Yes, making money by buying money will be over at some point.

      The only way to make money will be by running a mining service and providing proof of work for confirming transactions.
      Buying/selling different coins will be no different than Forex.

  32. 2 weeks ago
    Anonymous

    because exponential growth comes with exponential volatility. this isn't a crash. look at the graph on a lag scale. the biggest crash was when btc went from $30 to $2. and look what happened to btc lol

    • 2 weeks ago
      Anonymous

      >log graph cope
      70% of the cryptocurrency market has been erased

  33. 2 weeks ago
    Anonymous

    It was literally nothing but security generated by electricity. I was mining 30 bitcoins a day when it was worth 40 cents and when it went up to $5 i sold everything, got $6000 out of it for a motorcycle which i used to travel to the US and lose my virginity to a cosplayer then i crashed it for a complete loss and never looked at it again. I'm completely astonished at people's stupidity that it got that far.

    • 2 weeks ago
      Anonymous

      kinda sounds cope-y but atleast you got laid instead of lifelong financial security?

      • 2 weeks ago
        Anonymous

        The way I see it I pulled profit from doing nothing. Nothing is guaranteed for life as we are seeing all finances can simply be stripped from you at a moment's notice, or they can straight up just devalue and destroy your currency on purpose.

        If there's no food to eat nobody is going to care about your coins and paper.

  34. 2 weeks ago
    Anonymous

    CURRENCY IS CRASHING YOU FUCKING DULLARD

  35. 2 weeks ago
    Anonymous

    >a non-regulated currency
    >open to hedgies with more leverage than god at lower interest rates
    >expecting not to be manipulated and tossed like a fag's roast beef asshole
    Crypton-words are dumber than rocks.
    These fuckers manipulate highly regulated assets under critical eye just by moving money around in a sly way.
    You think you'd be safe because you can see all the transactions?
    n-word you don't even know what to look for. These fuckers can make as many wallets as they want distribute and move money however they want. You got rightfully hosed in a long con.

    • 2 weeks ago
      Anonymous

      >fag's roast beef asshole
      Thanks for that mental image.

  36. 2 weeks ago
    Anonymous

    garden gnomes.

  37. 2 weeks ago
    Anonymous

    They did not create anything of value, tulip mania.

  38. 2 weeks ago
    Anonymous

    garden gnome whales trying market manipulation, homosexuals buying with leverage.
    That's pretty much it, regulations are not that impactful unless they're getting banned outright.

  39. 2 weeks ago
    Anonymous

    https://finbold.com/bitcoin-correlation-with-the-sp-500-reaches-a-new-all-time-high/

    • 2 weeks ago
      Anonymous

      Interesting as fuck, but doesn't really explain the other coins

      • 2 weeks ago
        Anonymous

        98% of the other coins follow bitcoin.

      • 2 weeks ago
        Anonymous

        >but doesn't really explain the other coins
        Most other coins are all traded directly or indirectly with btc. So if btc goes down, alts most likely go down.
        Few exceptions allowed.
        If you look at it, btc moons first, then alts follow.
        Btc is the first to crash, then alts will follow.
        Expect more alts crash coming up this summer/autumn, while it's a good time to accumulate btc.
        Then proceed accumulating alts too.

        • 2 weeks ago
          Anonymous

          98% of the other coins follow bitcoin.

          It's rare when I leave LULZ with more information than what I came in with. Thanks

          • 2 weeks ago
            Anonymous

            jobanas nezinotojas, eik nx

  40. 2 weeks ago
    Anonymous

    only things that are not crashing are my investments in immunology pharma and value of my prepped food
    HONK HONK

  41. 2 weeks ago
    Anonymous

    Who could have figured a speculative bubble would pop when the money supply dried up?

  42. 2 weeks ago
    Anonymous

    wow all these hot takes and no one is mentioning 3AC being liquidated after irresponsibly longing their clients money? really no one is going to talk about 'contagion' and how firms and coins connected to 3AC are being slowly liquidated to cover the losses? 2b losses and 200m assets to cover.

    • 2 weeks ago
      Anonymous

      btc would have dropped to 20k max if it wasnt for 3ac... now 10k is on the menu

    • 2 weeks ago
      Anonymous

      3AC>Voyager>BTC/ETH Dump

      It will take some time before it kicks off after June 27th deadline.

  43. 2 weeks ago
    Anonymous

    >Why did they crash so hard?
    greater fool theory.

  44. 2 weeks ago
    Anonymous

    BTC will crash tonight I have foreseen it.

  45. 2 weeks ago
    Anonymous

    Marketed to dipshits and boomers as a vehicle for speculation.
    The moment you heard pension/retirement management groups thinking of offering crypto to people that didn't even know what a satoshi is it was all over.

  46. 2 weeks ago
    Anonymous

    Because they are just the digital equivalent of pokemon cards or beanie babies.

  47. 2 weeks ago
    Anonymous

    [deleted post]

    Probably not retard nocoiner

    • 2 weeks ago
      Anonymous

      STAY POOR Hahahahahajahaha

  48. 2 weeks ago
    Anonymous

    hehe you really expect right wingers of all people to explain tech / finance? 😛

  49. 2 weeks ago
    Anonymous

    they didn't crash
    1 buttcoin = 1 buttcoin

  50. 2 weeks ago
    Anonymous

    you should rather ask on reddit for an educated accurate answer. on /misc/ youll get "buttcoin" "woman" "garden gnomes" "hitler!" and various low IQ answers

    • 2 weeks ago
      Anonymous

      i answered every question and more better than flegmit with fewer words.
      but whatever, go back there

  51. 2 weeks ago
    Anonymous

    Been telling people this forever, it's a currency not an investment

  52. 2 weeks ago
    Anonymous

    A economic downturn just shows these things are worthless and all of their 'worth' is predicated on a ponzi scheme where they only accrue value due to their accruing of value.
    As soon as someone is broke in real money and needs food, they cash out leading to a drop in price.
    Crypto is worth nothing because it will never be used for cash as you are giving up potential income by doing so. It's like circular reasoning put into a scam. As soon as all coins are mined the value will immediately drop to 0.

    • 2 weeks ago
      Anonymous

      LMAO Bitcoin is already used more than gold. Gold doesn't move in value much because no one uses it for money. It just sits there in the safe waiting for the day the government comes to take it

  53. 2 weeks ago
    Anonymous

    Because it backed only by the hopes and dreams of the early adopter and WEF shills.
    First off all it's a psyop to push for the
    Only retards the complete removal of paper money, second only libertarian nutjobs believe it can compete with fiat, that is backed by all the armies of the world.

  54. 2 weeks ago
    Anonymous

    Bought 50 btc at $18,500 from selling dogebonk at $210m mc. I personally welcome our current crypto winter.

  55. 2 weeks ago
    Anonymous

    CBDC the institutional investors know crypto is going to 0, they are minimising their losses at this time and getting out.

  56. 2 weeks ago
    Anonymous

    Don't you understand that for those who have the most unlimited money, a major sellout from poor or sardines it's highly benefitial?

  57. 2 weeks ago
    Anonymous

    the problem with crypto is that it acts as a security and not a type of money.

  58. 2 weeks ago
    Anonymous

    They don't have a single real world use.

  59. 2 weeks ago
    Anonymous

    They were overinflated. Gold did the same thing in the early 1980s.

  60. 2 weeks ago
    Anonymous

    they crashed it so hard by squeezing leveraged margin longs so they could slowly exit normie markets and accumulate crypto at a multi year low before normie markets dump by 66% and the remaining normie money flees to crypto. i would expect lows and crabbing until people aware of impending crypto regulation start accumulating unignorably-sized bags. that will be your last chance to exit normie markets. then rumor and news of crypto regulation will make rounds, and finally institutional money will be able to add crypto to their strategy due to this newly legislated "fairness" which is essentially a hedge for insitutions against unexpected or unintended risk- because there will now be legal liabilities and defined rules that protect institutions from autists.

    • 2 weeks ago
      Anonymous

      imagine if a bunch of retarded autistics thought that houses were going to be a good investment so they bought more than 50% of the supply with loans- hoping that after the gains were realized, they would be able to pay back the loans AND keep for profits. then RICH people decide they also want to buy houses, except the price is inflated by 50%, because half of the houses are being hoarded by someone who bought them all with debt. theres no actual money invested, just promises to pay back loans when they flip these houses at this inflated value. if u are rich and know this value is inflated due to a false demand generated by a scarcity induced by rampant distribution of debt, essentially unrealized inputs- the money of the rich- you would be a fool to purchase. instead, you deflate the value by flooding the market with additional loans, forcing previous debtors to be liquidated and to pay their debts by returning what they hoarded, not at the gains they hoped for but instead at a loss. instead of selling the rich your inflated house, you are forced to sell this house at a loss to cover your debt. and it just so happens that there is someone waiting to buy that discounted house- the same guy who intentionally deflated the value of your houses and forced you to default on the loan.

      the only people LOSING money in this crash are the ones who are trading on debt and credit, and the ones who sell in fear. for anyone else, 1 btc still = 1 btc

      • 2 weeks ago
        Anonymous

        You’ve described deflation due to money destruction. This is why Zillow and OpenDoor are so fucked. Easy Fed cash gets toasted. The inflation just needs a big loan melt up to destroy even more money.

    • 2 weeks ago
      Anonymous

      imagine if a bunch of retarded autistics thought that houses were going to be a good investment so they bought more than 50% of the supply with loans- hoping that after the gains were realized, they would be able to pay back the loans AND keep for profits. then RICH people decide they also want to buy houses, except the price is inflated by 50%, because half of the houses are being hoarded by someone who bought them all with debt. theres no actual money invested, just promises to pay back loans when they flip these houses at this inflated value. if u are rich and know this value is inflated due to a false demand generated by a scarcity induced by rampant distribution of debt, essentially unrealized inputs- the money of the rich- you would be a fool to purchase. instead, you deflate the value by flooding the market with additional loans, forcing previous debtors to be liquidated and to pay their debts by returning what they hoarded, not at the gains they hoped for but instead at a loss. instead of selling the rich your inflated house, you are forced to sell this house at a loss to cover your debt. and it just so happens that there is someone waiting to buy that discounted house- the same guy who intentionally deflated the value of your houses and forced you to default on the loan.

      the only people LOSING money in this crash are the ones who are trading on debt and credit, and the ones who sell in fear. for anyone else, 1 btc still = 1 btc

      • 2 weeks ago
        Anonymous

        helo

        • 2 weeks ago
          Anonymous

          henlo fren 😀

  61. 2 weeks ago
    Anonymous

    I'm middled-aged and can clearly see why rich people hate the poor so much. A poorfag will never see an opportunity. Whenever a market is depressed they will scream at the top of their lungs that it's over and the world is ending. Whenever a market is exuberant they will finally put everything in and lose their ass after the market turns. A poorfag is ruled by his emotion like a woman. They're responsible for their own misery to a large degree, but as a Christian I'm obligated to temper my hatred for them.

  62. 2 weeks ago
    Anonymous

    they turned out to be a luxury good instead of a reserve currency

  63. 2 weeks ago
    Anonymous

    Ponzi schemes always go bust eventually

  64. 2 weeks ago
    Anonymous

    don't worry, they are coming back, to fulfill Roko's basilisk and record how much you helped the future AI overlords and how you will be rewarded. I , for one, will be dead by then. Unless AI brings me back to live with no hands and I must fap

  65. 2 weeks ago
    Anonymous

    cryptos are literally nothing, no value

  66. 2 weeks ago
    Anonymous

    Buy the dip.

  67. 2 weeks ago
    Anonymous

    1. ~~*reasons*~~
    2. 20 years and they had absolutely fuck all use
    3. ~~*Regulation*~~
    4. It was supposed to be hidden and a hedge against inflation
    5. ~~*banking cartels*~~

  68. 2 weeks ago
    Anonymous

    The problem wasn't the crash,but the rise. They rose not based on use, but speculation.

    • 2 weeks ago
      Anonymous

      they rose on the investment of debt, debt taken on under the pretext of selling to the people acquiring using real money. no institution is going to pay you for your debt. they will instead out loan you, for they have far more liquid collateral on hand than you ever will, and can position the price where ever the most liquidity exists to extract. it does not matter if the liquidity is extracted buying your 40k coin from you for 15k or selling your 40k coin to you for 100k. they will short coins until you must dump your bag out at a loss, and they will short coins until there is no one left worth liquidating. and when "the crash is over" they will sell coins to all the people coming back. the ones they acquired from margin traders.

  69. 2 weeks ago
    Anonymous

    Because it's fiat

  70. 2 weeks ago
    Anonymous

    The real fun starts when all the exchanges begin running low on actual money to give to everyone trying to cash out.

  71. 2 weeks ago
    Anonymous

    [deleted post]

    Fpbp. Looks like retards are in this thread

    • 2 weeks ago
      Anonymous

      n-word you shit in the street, shut up

  72. 2 weeks ago
    Anonymous

    Only Monero is a decentralised crypto, rest are big rich guy's capital.

  73. 2 weeks ago
    Anonymous

    I'm kinda noob at crypto, but it seems like 99% of people interested in crypto see it primarily as a tool for speculation (buy low, sell high). This doesn't sound like a sustainable financial instrument long term.

    • 2 weeks ago
      Anonymous

      It is even worse because so far it has worked like a pyramid scheme

    • 2 weeks ago
      Anonymous

      all the people who own houses, like real estate. the guy that owns 30,000 houses. he doesnt own them for their utility. he owns them to sell or rent them to people who have a use for them. just because u do not have a use for a thing, does not mean there are no uses for a thing.

      • 2 weeks ago
        Anonymous

        Imagine thinking a number in the ether is the same as brick and mortar, land and its value against population growth, inflationary economies and utility. I bet you own so many nfts

        • 2 weeks ago
          Anonymous

          it would take literal seconds for me to pay you anything from 10 cents to 1 billion dollars for your cute post using crypto
          it would also take el salvador an equal amount of time to purchase 100 billion barrels of oil from any seller who accepts crypto
          show me a store of value with equal utility and security
          tell me about ships full of gold

          • 2 weeks ago
            Anonymous

            Cool, except..

            20 years and nobody adopted it except some retard countries and some Millennials who couldn't afford a house.

            Now it's been regulated in to the ground.. can't be accessed without tax and everyone has abandoned it, especially the institutional investors because the regulation and throttling by the world banking cartels have rendered it pointless..

            it's not coming back.. there's going to be plenty of WEF approved, world government currencies.. you can read about them directly on the WEF website and agenda 2030 plan..

            Meme coins and useless 'always goes up' speculation is no longer a thing.

            It went up with hype for 20 years.. if you didn't make bank and retire.. maybe start investing elsewhere because you literally missed it.

            Monkey pictures selling for 500k and grandmas and women investors on Facebook are a clear indicator of when something reached maximum meme..

            Good luck though, I'm sure it'll make you rich..

    • 2 weeks ago
      Anonymous

      Yes
      Half of the attraction is the gambling/casino element. There are exciting technology developments that are now coming out of crypto, but these are almost entirely separate from the gambling side.

      The blockchains that are used to mine cryptocurrencies are becoming more advanced.
      They are becoming methods for storing all kinds of contracts, certificates, and transaction records, in a way that is broadly accessible and decentralized, and transparent.
      So a car company could store the results of crash safety tests on a crypto blockchain, and they would never be able to forge it at a later date, because it's on the blockchain on a million computers.
      This will force large companies to be more transparent. You wont store your company results on a blockchain so everyone can see? What are you trying to hide from your customers?
      Instead of promoting woke agendas and green memes, a company will have to promote its blockchain transparency for consumers to trust them. - 'We update our blockchain records every week, where competitors only do this every 3 months'

      There is also a new form of management/governing system, called a DAO - Decentralised Autonomous Organisation - Which allows for a sort of online replacement of the company boardroom concept.
      It has many broader applications outside of crypto, but it seems to have formed as a way for teams of crypto developers to manage the direction of their crypto teams remotely.
      People who helped make a coin or have substantial investments in a coin can vote on decisions that the developers are making. But this could actually apply to any business, or something like a school.

      It is even worse because so far it has worked like a pyramid scheme

      True

  74. 2 weeks ago
    Anonymous

    I REALLY REALLY WANT THOSE KIDS BACK

  75. 2 weeks ago
    Anonymous

    The game is over, as I am fond of saying. The bankers won. They are in control of the Pikes Peak batholith and the multi-trillion-dollar granite tunnel system—a highly symbolic 40 miles west of Denver, Colorado in the Front Range. But they are in control of much more than the end-time survival apparatus. They control not only the military and government of the United States of America but through the power of major corporations and the corruptibility of businessmen and government officials, fiat currency manipulation by the WiΩards of Fiat Currency at the Federal Reserve System, a small army of propagandists and “hackers” (this is a technically incorrect use of the term) who are fighting to maintain control of the Frankenstein monster they created called the Internet (in a war I fear they are going to lose), and even the Republican form of government they created which inevitably—and I would argue by design—fosters centralized control and assures only a handful of “elected” officials must be compromised to control an entire country, they control the entire Western world.

  76. 2 weeks ago
    Anonymous

    Now is the time to jump back in. Market shit itself good.

  77. 2 weeks ago
    Anonymous

    Bitcoin turned 13. Libertarians lost interest. Crypto crashed. Simple as.

  78. 2 weeks ago
    Anonymous

    You really thought the reserve bankers were going to allow a competitor to exist?

    These people will create world wars to force people to use their product, you thought they would let a digital currency exist? lol

  79. 2 weeks ago
    Anonymous

    It will climb to 200k as this is a temporary whip, like it always does. When people stop panicking. If you think there’s no value or use you will be proven wrong like a million times before. You’re being manipulated hard by the elites all the time

  80. 2 weeks ago
    Anonymous

    The central banks want you in their crypto currency. Just wait for when there is a false flag cyber attack. Governments in the west will ban all crypto transactions except those with the central banking system.

  81. 2 weeks ago
    Anonymous

    Because it's only useful to sell and buy drugs/illegal shit. Literally the only reason it ever got popular.

  82. 2 weeks ago
    Anonymous

    Because the government (not just mine, THE government) and banks needed to get their hands on it without paying premium prices. It's a manufactured crash created by FUD (Fear, Uncertainty, Doubt), targeted campaigns by shills and manipulation of whales (read: Chinese miners) to tank the price and allow for the homogenization of currency in the hands of the elite
    ((They*~~ don't like the idea that the common man could store wealth without going through them or that the average person could stand to increase their lot in life, especially in the face of economic collapse (which they know we are heading towards). It's a preemptive maneuver to ensure they remain on top and in control. You forget that these "people" have near infinite resources, infinite greed and an unlimited desire to keep the boot on our collective necks

  83. 2 weeks ago
    Anonymous

    Just people who bought a while ago cashing in for liquidity as the price of everything skyrockets. So when one big fish exits their position, all of the little lemmings decide to as well.

    The cycle will repeat again. If you didn't buy in 2010, now is your chance to get a slice of the action.

    • 2 weeks ago
      Anonymous

      You're actually fucking high or retarded or both if you look at crypto and most of the stock market right now and see a "change to get a slice of the action"
      The covid crash and the rocket after graced too many retards, if you buy now you'll be waiting for like 2 decades or more to actually make any return

  84. 2 weeks ago
    Anonymous

    >treat it like stocks
    >it acts like stocks
    Not sure what they expected

  85. 2 weeks ago
    Anonymous

    We can’t all make it anon
    As the price bubbles, whales take profit and the price goes down
    An experienced trader can make money longing with leverage on the way up, time the sell off at the top, and earn money shorting on the way down.

  86. 2 weeks ago
    Anonymous

    >Why did they crash so hard?

    Because the answer to a mathematical algorithm isn't worth $10, much less $60,000. It just took a while for the rubes to figure that out.

    • 2 weeks ago
      Anonymous

      Apparently still worth $20,000...

      • 2 weeks ago
        Anonymous

        Just like a handful of shiny, glass beads was worth all the land to the Potomac, right,?

      • 2 weeks ago
        Anonymous

        It's still in the first experimental stage.
        It took 10 years to go from like 50cents to a few thousand $. Then it suddenly went from a few grand to $60k. This was all gambling and pyramid investment. But it has great lasting potential for a variety of reasons.

        We all ready have digital abstractions of money. Stocks are abstractions of a company value. What you spend on your bank card is an abstraction of money, credit, debt, loans you get and interest on debt, it's all digital abstractions of real money.

        Central bank money backed on Gold used as a standard for national currency is a total abstraction. Now we have currency backed by no gold - 'omg that's crazy, now our money isn't worth anything!' - But it wasn't worth anything to begin with. What exactly do you use gold for? Or diamonds? We have simply replaced one abstraction for another.

        Crypto currency is actually not a very new concept to begin with. It is simply a more high tech version of credit, or bonds, or stocks, or a cheque. It's a decentralized form of abstract money that is more accessible. You can be part of the base level game just by buying a computer. You can start your own coin if you want.
        But now that blockchains are going to the 2nd level, digital coins are now shaping up to be a store of value that is more flexible and advanced than previous forms. They are becoming a way to store multiple forms of value, not just money, but also things like votes. They are more interactive than simple money and you can use the blockchain to store information in a secure filing system.
        If we were to use a blockchain to cast votes in a national election, to select a world leader, then anyone at home in any country could scrutinize the blockchain directly to check for anomalies.

  87. 2 weeks ago
    Anonymous

    Crypto was a dry run for the world banks digital currency.
    When the IMF proposes their currency, crypto will be banned.

    You can trust me, my dad works for Nintendo.

  88. 2 weeks ago
    Anonymous

    garden gnomes pumped it and then when they got the plebs invested in it they pulled out.

  89. 2 weeks ago
    Anonymous

    They're supposed to crash. Writ large, cryptos are competely unique monetary instruments with a primary function of transferring wealth from plebs to those on the cutting edge. It has a secondary function, which is to act as an adjunct to, or even potentially replace the existing financial system.
    During the bootstrap stage of development a huge amount of wealth will be moved into the space through a process of low/high cycles that allow favorable entries for insiders and seed investors and leave latecomers, greedy people and emotional/irrational people with the tab.

    It's an interesting system which generates a lot of positive feedback loops. A project that succeeds is immediately rewarded with the funds to do pretty much anything - whether that's to continue to build and succeed, or blow it all on strippers. The second the market (or team) loses faith in a project it dies. Just a few pissed off whales can dump all the liquidity out of a project, essentially zeroing the price. A dozen other things can dump a token, and the market as a whole can be extremely skittish. It really is all or nothing, which makes it extremely volatile but also extremely creative.

    If you want to invest in crypto the first thing you need to do is recognize the relative level of market trust in crypto. When trust is low, valuations are generally low. People are past pronouncing crypto dead and are just not talking about it. This is your entry point. Things will look bleak, but if you take a punt at promising emerging projects and hold for a few years you might pull 100x.
    When trust is high in crypto, people will be telling everyone to buy, taking out loans, quitting their jobs. This is your exit point. You may want to buy more. Don't do it. Take your profit while it exists.

    If you can identify these rough entry and exit points, you will out-trade 90% of active crypto traders.

    • 2 weeks ago
      Anonymous

      >People are past pronouncing crypto dead and are just not talking about it. This is your entry point. Things will look bleak, but if you take a punt at promising emerging projects and hold for a few years you might pull 100x.
      >When trust is high in crypto, people will be telling everyone to buy, taking out loans, quitting their jobs. This is your exit point. You may want to buy more. Don't do it. Take your profit while it exists.
      This is gud post and might make you lots of monies if you listen but then crypto is dead now anyway so don't worry the party is over etc.

  90. 2 weeks ago
    Anonymous

    Because in reality, it was always based on smoke and mirrors.

  91. 2 weeks ago
    Anonymous

    Because the corrupt players in the political parties of the top countries (along with the intel agencies run amuck) are done moving their monies around and getting out of fiat and crypto and into tangible assets to bypass the financial collapse.
    There is no other reason. That whole scam was about corrupt players moving their corruption in the open on a network the plebs supported right out in the open with zero regulation.

    Tell me I'm wrong.

    • 2 weeks ago
      Anonymous

      This is a great point.

      Probably just elites moving their capital into tangible assets before another 2-5 year financial collapse happens

      • 2 weeks ago
        Anonymous

        Oh yeah man..

        The stage is set.
        Even the sucker's market is right before our eyes.
        Shit is rhyming and chiming like a churchbell..

  92. 2 weeks ago
    Anonymous

    The only real use crypto has is cartels moving money
    Everyone else just hoping they win on the pump and dump scheme

  93. 2 weeks ago
    Anonymous

    The ccp want EVERYONE to use their crypto coupons (they can have an expiry date)

  94. 2 weeks ago
    Anonymous

    gnomish Central bankers trying to reduce competition to make way for a new digital bank currency.

  95. 2 weeks ago
    Anonymous

    garden gnomes

  96. 2 weeks ago
    Anonymous

    >Why did they crash so hard?
    Who cares about boomer coin it only exists to make richies richer it's literally gambling I refuse to touch any of it

  97. 2 weeks ago
    Anonymous

    Step 1: Invent something that only exists as data and only has value because people want that data.
    Step 2: Make people want that data, by putting some of your own money in the pot.
    Step 3: Wait for people to throw loads of their own money into the pot, thinking it will just keep accumulating.
    Step 4: Withdraw way more money from the pot than you originally put in, and leave other's with worthless data.
    Step 5: Everyone still entitled to shares of the pot realizes it's a pyramid scheme and cuts their losses by grabbing money from the pot while it's still there.

    Ever wonder _why_ the inventor of BTC is anon?

  98. 2 weeks ago
    Anonymous

    This thread was made when it crashed from 3 dollars to below a dollar. And multiple times since then. You're just new or stupid.

  99. 2 weeks ago
    Anonymous

    Ponzi-scheme.
    like dotcom bubble..ect.

    People are easy to fool.

    • 2 weeks ago
      Anonymous

      >Ponzi-scheme.
      >like dotcom bubble..ect.

      and people wonder why finances & tech is dominated by the left.

      you are an embaressment

  100. 2 weeks ago
    Anonymous

    It's because crypto is fundamentally worthless, people seem to think "if there are less of them as time goes on then the price has to go up" but obviously there has to be high demand as well as low supply

    To approximate a fundamental value consider how much passive income you'd make at any given price point for a given amount of time. When Eth was doing well a friend of mine was making ~$100/d for $4k investment. Those returns are insane. It shows how overpriced crypto was

    Crypto is worthless and not an investment. What do you think you're investing in? People just have a feeling that it will go up because they get persuaded into it by scammers or fellow retards.

    • 2 weeks ago
      Anonymous

      >It's because crypto is fundamentally worthless
      Not exactly, but kind of
      I'll freely admit that there is a massive hype glow that is luring people in to gamble on crypto wildly
      But money itself if fundamentally worthless, and crypto is literally just money, so what's new?

      Give it another 10-20 years and we'll see a new situation based on the technological developments
      Inferior low tech coins will fall by the wayside and lose all value
      Superior coins with advanced blockchains will persevere
      Companies will pay to use advanced blockchains, you cannot store data on a blockchain for free
      Businesses already have electricity bills, they have to pay for insurance, they have to pay into pensions, they pay taxes
      Now they will be paying to store company data on secure blockchains
      Perhaps each certificate upload will cost $100
      Many fortune 500 companies are now using 'Certcoin' for all of their transparent company data, and Certcoin is regularly having funds paid into it by these companies
      Car companies are storing all of their exhaust emission test results on it, and their crash test data, and the driverless AI test results
      Now 'Certcoin' has a real world value, it is basically a functional company itself, providing a blockchain service
      A 'Certcoin' is now acting like a company stock, it is holding a value because the developers are providing a real world service
      Like you would buy stocks in the past, you are now investing in solid crypto currencies as a way to make your savings earn you a bit more than they would sitting in the bank. Rather than gamble wildly, you just want your savings to beat inflation over the long term.

      Ultimately it isn't incredibly exciting.
      Crypto currencies will just act mostly like regular stocks once the insane gambling hype has died down.

      • 2 weeks ago
        Anonymous

        Then you have the flexibility of the smart blockchain concept
        You can use a blockchain to store files that you want everyone to see, so no one can fuck with them

        Things like
        Voting records
        Company safety certificates - food companies, car companies, medical companies will all need this
        Perhaps using them as a way to file patents that is easier than the current system
        Legal contracts
        Transaction records, basically receipts for large purchases
        It will basically make it a lot easier to do anything in a legal sense

        Many applications, and there will be more in the future. If you put aside the greed element, if you approach the situation completely detached from any desire to make money, blockchain technology will make a lot of complex systems run better.
        Blockchains are basically the cutting edge of technology and culture right now, and the gambling crypto bros aren't really doing a good job of explaining that right now because it's being obfuscated by the bing-bing-wahoo noises coming from the crypto casino.

  101. 2 weeks ago
    Anonymous

    /99bitcoins.com/bitcoin-obituaries/

    bitcoin has 'died' 457 times, this time is different I'm sure

  102. 2 weeks ago
    Anonymous

    Anon keep seething and saying crypto dead now, and I keep buying many gud coin on sale. Many coin for me.

  103. 2 weeks ago
    Anonymous

    The Fed stopped printing infinite money you fucking idiot, crypto was an outlet for excess capital and now that it is gone their isn't anything to prop up the scam anymore. It's dead and you didn't sell at the top like a fucking idiot

    • 2 weeks ago
      Anonymous

      >It's dead and you didn't sell at the top like a fucking idiot
      So many anon screaming this with total conviction in 2018 too. You guys never learn.

  104. 2 weeks ago
    Anonymous

    Crypto market is intended to destroy a lot of the Fed easy money and bring down inflation. Same with FAGMAN and Jizzla Motors.

  105. 2 weeks ago
    Anonymous

    >Highly speculative asset
    >Incoming recession
    Seems pretty straightforward to me.

  106. 2 weeks ago
    Anonymous

    Evergrande Defaulted
    Evergrande was the backing debt to TETHER (USDT)
    A bunch of Exchanges use Tether to take loans out on BTC ETH
    what happens when your debtor can't pay you back?

  107. 2 weeks ago
    Anonymous

    Some people don't deserve to have any money.

  108. 2 weeks ago
    Anonymous

    Actual adoption didn’t happen yet so the valuations were stupid and speculative but it’s inevitable long term because of how untrustworthy centralized subjective power gnomish institutions have proven themselves to be.

    • 2 weeks ago
      Anonymous

      >Actual adoption didn’t happen yet so the valuations were stupid and speculative
      Yes
      There are elite coins right now that don't have much hype around them, despite them being a technologically superior product.

      Then there are coins that have massive hype and a high price, but have been very slow to actually deliver on their technological goals. People keep investing in those coins because there is hot gambling to be done with them in the short term. But the buyers would drop these coins in a split second if they weren't making them money.

      If someone was to invest in an advanced coin right now, and had the patience to hold it for long years instead of gambling, they could see some great results eventually.
      Maybe not $0.50 blasting to $60,000, but something still quite impressive.
      If Amazon, Microsoft, Apple, Samsung, and also companies like supermarkets and car manufacturers were all using a crypto blockchain for business and legal reasons, what would the value of that coin be eventually? Then you would have civilians buying some amount of that coin because it would be a big famous name.

      • 2 weeks ago
        Anonymous

        It's because Cryptocurrency is 100% goodwill. It's 100% about what people think it's worth. Bound in nothing but the idea of the thing.

        • 2 weeks ago
          Anonymous

          And it's 100% going to recover and send again, and you'll be in a state of disbelief. Shouting snarky remonstrations from the sidelines. Many such cases.

          • 2 weeks ago
            Anonymous

            Not really. I am well aware it'll work that way. I have made some money on it.
            Just find it retarded - especially when people then try to sell it like something with true value, as if they were snake-oil salesmen.

            Call it what is it.

  109. 2 weeks ago
    Anonymous

    Nothing has ever been right about cryptocurrencies. They're ambiguous assets that have no real value.

    The only money you can make on crypto is by creating your own or gambling, In which case you might as well just gamble.

    Crypto is 100% goodwill.

  110. 2 weeks ago
    Anonymous

    That dude knew he was fucked as soon as he saw that footage

  111. 2 weeks ago
    Anonymous

    what went wrong? ahahahahahahah

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