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Posted: 5/19/2021 9:20:25 AM EST
[#1]
Quote HistoryQuoted: I'm certainly positioning to buy quite a bit of crypto. But not today. This fall will take a while. While I do believe that it is a money making opportunity, I don't think it'll recover back to pre- ChinaBanned numbers. At least not in this decade. Quote HistoryQuoted: Quoted: I think crypto recovers just fine, having 80% of BTC hashrate centralized in China is no good Big farms are moving to TX and other states with cheap power, I think this will only make it go faster The free world is not going to outright ban crypto like the commies can, and business will adapt to the new rules and be just fine. I'm a GC, and I have never had people ask if I take crypto in payment before this year, and I actually have a client that paid for their deck in ETH in Feb. MAINSTREAM is on the horizon, be greedy and buy when it's crashing, I think the next bull run will be EPIC I'm certainly positioning to buy quite a bit of crypto. But not today. This fall will take a while. While I do believe that it is a money making opportunity, I don't think it'll recover back to pre- ChinaBanned numbers. At least not in this decade. I'll take that wager! I'll send you a D60! if we don't hit new ALL TIME Highs before this time next year, I suspect it will happen before that... |
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Posted: 5/19/2021 9:23:36 AM EST
[#2]
Quote HistoryQuoted: Widely expected market correction. I thought the bull run was supposed to last through Q3 of thus year, but it may be here early. ALL crypto and most stock markets are red, I expect this will continue for a couple of days and BTC will "crash" to 20k-22k range, this is what you would call a buying opportunity when it hits bottom ETH will most likely end up around 1200-1400, at least in my opinion I'll see how my "predictions" fare  |
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Posted: 5/19/2021 9:24:26 AM EST
[#3]
Because when shit is over-valued, people sell it off. Duh. Once it's past the price it's actually worth, people want to cash in on it.
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Posted: 5/19/2021 9:25:54 AM EST
[#4]
Because everyone needs cash. Those margin calls won't pay themselves.
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Posted: 5/19/2021 9:25:57 AM EST
[#5]
Quote HistoryQuoted: Actually, yes "money" is real. You are confusing it with "currency". 
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Posted: 5/19/2021 9:26:57 AM EST
[#6]
This should really kill any remaining arguments for crypto as a regular currency.
Volatility like this is not compatible with using crypto as a regular means of exchange. 
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Posted: 5/19/2021 9:27:18 AM EST
[#7]
Quote HistoryQuoted: They’ve already made the case crypto is property. I’d love them to call it currency just to get at musk. Quote HistoryQuoted: Quoted: Elon's going to talk himself into a stay in the gray bar if he's not careful. The gov could make a pretty good case he's intentionally involved in currency manipulation. They’ve already made the case crypto is property. I’d love them to call it currency just to get at musk. Why would it be manipulation? Some guy says "crypto is shit" and it tanks. If the guy doesn't make any transactions, what would be the issue? |
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Posted: 5/19/2021 9:27:45 AM EST
[#8]
Quote HistoryQuoted: This should really kill any remaining arguments for crypto as a regular currency. Volatility like this is not compatible with using crypto as a regular means of exchange. you done did it now nothing like having your pay check cut in half because of some volatile exchange medium |
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Posted: 5/19/2021 9:31:26 AM EST
[#9]
Because that's what crypto does?
I've been through more 40%+ crashes in crypto than I can count. I don't know why everyone acts so surprised each time. There is not a soul who has been holding from the beginning who hasn't been through this type of correction or worse many many times. https://99bitcoins.com/bitcoin-obituaries/ It's like every time the stock market crashes and you always get those 'tards who through up their hands and say "That's it! I'm done with it! It's just a casino!" like they've never seen a long term chart before. |
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Posted: 5/19/2021 9:32:07 AM EST
[#10]
Quote HistoryQuoted: Because crypto is volatile as shit. Yeah, but how else can you invest a few grand and become a millionaire. |
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Posted: 5/19/2021 9:33:13 AM EST
[#11]
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Posted: 5/19/2021 9:34:20 AM EST
[#12]
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Posted: 5/19/2021 9:35:09 AM EST
[#13]
Quote HistoryQuoted: Best Ponzi scheme in history though. https://www.ar15.com/media/mediaFiles/178958/Capture_JPG-1947941.JPG Quote HistoryQuoted: Quoted: Because it's a ponzi scheme. Best Ponzi scheme in history though. https://www.ar15.com/media/mediaFiles/178958/Capture_JPG-1947941.JPG it's not a ponzi scheme though
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Posted: 5/19/2021 9:37:09 AM EST
[#14]
Quote HistoryQuoted: This should really kill any remaining arguments for crypto as a regular currency. Volatility like this is not compatible with using crypto as a regular means of exchange. In spite of all the hype 99%+ of bitcoins actual irl use is basically internet gambling. It's too volatile to be a currency, and doesn't produce enough real value to be an investment. That said, I do think crypto tech has many use cases, and am pretty bullish on the tech itself... If it can actually get out of it's own way as a speculative instrument. |
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Posted: 5/19/2021 9:37:34 AM EST
[#15]
Quote HistoryQuoted: Because crypto has absolutely zero intrinsic value. It's not a currency, it's not a store of value, it's less anonymous and more traceable than a paper check written out to you with your social security number on it. Its price is solely based on market sentiment. It is also propped up by the "currency" Tether which is actually complete vaporware and all kinds of Chinese manipulation. And as I've mentioned in a bunch of these threads, I had a mining farm that mined Bitcoin, Etherium, Litecoin and Siacoin, made money but I will never deal with crypto again. Nothing does. Conservatives would probably be slightly less useless at fighting communists if they didn't agree wholeheartedly with their central doctrine. |
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Posted: 5/19/2021 9:39:45 AM EST
[#16]
Because ARFCOM talked about fight club.
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Posted: 5/19/2021 9:40:50 AM EST
[#17]
Quote HistoryQuoted: you done did it now nothing like having your pay check cut in half because of some volatile exchange medium Quote HistoryQuoted: Quoted: This should really kill any remaining arguments for crypto as a regular currency. Volatility like this is not compatible with using crypto as a regular means of exchange. you done did it now nothing like having your pay check cut in half because of some volatile exchange medium There are cryptos that attempt to solve that. One USDC is still worth $1 just like it was yesterday. Same thing with Tether. Same thing with BUSD. Same thing with DAI. The other important fact is that there is nothing about Crypto which requires you to remain it for any period of time longer than the moment of the transaction itself. Services that allow you to accept BTC and convert it instantly to cash at the point of sale have existed for many years now. There is no reason to accept exchange rate risk in crypto if you don't want to. |
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Posted: 5/19/2021 9:41:16 AM EST
[#18]
Quote HistoryQuoted: it's not a ponzi scheme though Quote HistoryQuoted: Quoted: Quoted: Because it's a ponzi scheme. Best Ponzi scheme in history though. https://www.ar15.com/media/mediaFiles/178958/Capture_JPG-1947941.JPG it's not a ponzi scheme though Well he says it is. So if it is, then it's the best one. |
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Posted: 5/19/2021 9:41:48 AM EST
[#19]
Quote HistoryQuoted: you done did it now nothing like having your pay check cut in half because of some volatile exchange medium Laughs in USD pricing of durable goods. |
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Posted: 5/19/2021 9:41:53 AM EST
[#20]
Quote HistoryQuoted: Yeah, but how else can you invest a few grand and become a millionaire. A casino? |
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Posted: 5/19/2021 9:43:03 AM EST
[#21]
Elon Musk made a statement how it's the shitz.
Then I bet he sold a few cheap to drop the prices. We've seen the same game played with metals. IDGAF. Don't put your faith in the Federal Reserve Note because brrrrrrrr! means you'll have wallpaper. |
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Posted: 5/19/2021 9:44:35 AM EST
[#22]
Pump and dump.
It's how it works. Only the idots HODL... |
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Posted: 5/19/2021 9:45:16 AM EST
[#23]
I have never been able to quite see what is exactly the value myself. If you buy a gold coin or bar, you have a physical object representing that investment. Likewise, stocks are paper but you technically own a piece of a brick-and-mortar operation somewhere (until they declare bankruptcy and wipe out that investment - in my case Emerson Electronics, Citadel Media, Harvey Universal, etc.
). I would have no issues with mining crypto, other than the power requirements, but spending worthless Federal Reserve Notes on questionable crypto seems pointless. I'll let everyone else get rich. |
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Posted: 5/19/2021 9:47:52 AM EST
[#24]
Part of the great reset.
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Posted: 5/19/2021 9:48:21 AM EST
[#25]
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Posted: 5/19/2021 9:50:08 AM EST
[#26]
Because when The Feds and the .govs that have Central Banks, do not like their territory being stepped on.
The rumblings of tax death to those that partook, are real |
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Posted: 5/19/2021 9:50:21 AM EST
[#27]
Quote HistoryQuoted: Does this mean we will finally get graphics cards again?  I've been looking for 3 years for a new video card. They just don't exist. |
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Posted: 5/19/2021 9:51:43 AM EST
[#28]
eventually the only crypto that will exist is going to be run by governments. Does anyone think for a minute that the minute bitcoin or any other becomes a threat to the Fed Reserve banking cartels power to create money, who own the politicians will out law it just like China, and India are doing. Once more places accept it a currency there will be more pressure to outlaw its use.
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Posted: 5/19/2021 9:52:04 AM EST
[#29]
Quote HistoryQuoted: Actually, yes "money" is real. You are confusing it with "currency". Quote HistoryQuoted: Quoted: Money isn't real, anyway. Actually, yes "money" is real. You are confusing it with "currency". Jordan Maxwell rooles |
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Posted: 5/19/2021 9:52:58 AM EST
[#30]
Quote HistoryQuoted: Holy shitballs I shouldn't have checked my accounts. Thanks Elon. Trying to 'time the market' rarely works all that well. Just stick in in and wait. Remove money and 'rebalance' every year among your investment risks. Buy low, sell high. If you know you will need to make a withdrawal try to do it when the value is high. That is about the only time I watch day to day or even week to week. The rest of the time I update holding value every quarter after statement come out. |
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Posted: 5/19/2021 10:05:57 AM EST
[#31]
Lucky enough to have timed this pretty well. I sold all my crypto last week as the dip started, except for safemoon (which is down 50%).
Will be buying back in shortly. This is a great opportunity. |
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Posted: 5/19/2021 10:33:28 AM EST
[#32]
Quote HistoryQuoted: Pump and dump. It's how it works. Only the idots HODL...  Have you ever seen a BTC price chart?? |
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Posted: 5/19/2021 10:34:10 AM EST
[#33]
Quote HistoryQuoted: Lucky enough to have timed this pretty well. I sold all my crypto last week as the dip started, except for safemoon (which is down 50%). Will be buying back in shortly. This is a great opportunity. You sir are not a crypto believer! You must buy, buy, buy and by all means HOOOOOOODLLLLL!! Your $500 investment jumped to $10k? HODL!! Watch it fall back to $400, spike to $11k, rinse and repeat.. then in 3 years sell it all for $15k and brag about your diamond hands paying off. At the bottom this morning, my holdings were up ~400% of what I've invested since I started in February. That's after cashing out enough to cover my initial investment along the way. |
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Posted: 5/19/2021 10:40:27 AM EST
[#34]
Quote HistoryQuoted: Because it's just fake currency and subject to all the flimsiness of the artificial constructs they are. Alchemy is alive ans well, it's just digital now. Quote HistoryQuoted: Quoted: Yeeesh. Nose dives across the board Because it's just fake currency and subject to all the flimsiness of the artificial constructs they are. Alchemy is alive ans well, it's just digital now. Ok boomer https://fred.stlouisfed.org/series/WM1NS |
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Posted: 5/19/2021 10:42:51 AM EST
[#35]
Because crypto is backed by speculation only. Maybe like the tulip thing in Holland in the 1600's.
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Posted: 5/19/2021 10:44:30 AM EST
[#36]
It's a rigged game where only the large holders with complicated computer algorithms win. Ever try to catch a pump and it tanks as soon as you buy? There's a reason.
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Posted: 5/19/2021 10:44:59 AM EST
[#37]
Quote HistoryQuoted: /media/mediaFiles/sharedAlbum/bubbles_zps5bf5952f_GIF-110.gif Have you ever seen a BTC price chart?? Quote HistoryQuoted: Quoted: Pump and dump. It's how it works. Only the idots HODL... /media/mediaFiles/sharedAlbum/bubbles_zps5bf5952f_GIF-110.gif Have you ever seen a BTC price chart?? Worst...HODL...ever...  Attached File |
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Posted: 5/19/2021 10:46:15 AM EST
[#38]
All Ponzi schemes eventually collapse. This stuff is pretty close. Gov will shut it down eventually.
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Posted: 5/19/2021 10:46:21 AM EST
[#39]
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Posted: 5/19/2021 10:49:39 AM EST
[#40]
Quote HistoryQuoted: Because crypto is backed by speculation only. Maybe like the tulip thing in Holland in the 1600's. That's what you guys said in 2013 when I was buying BTC at $200/each. How long does it take for you to admit that you are wrong? If 8 years aren't enough, how many more will it take? Serious question. If we get another few years down the road and BTC is trading north of $100k will you come back and say "Boy, maybe I misread that one" or will you dissappear and let the next guy step in to talk about tulips? Because that's exactly what happened in 2013 and 2017. The people who called it "Tulips" back then never came back to comment in 2021. |
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Posted: 5/19/2021 10:52:27 AM EST
[#41]
Quote HistoryQuoted: That's what you guys said in 2013 when I was buying BTC at $200/each. How long does it take for you to admit that you are wrong? If 8 years aren't enough, how many more will it take? Serious question. If we get another few years down the road and BTC is trading north of $100k will you come back and say "Boy, maybe I misread that one" or will you dissappear and let the next guy step in to talk about tulips? Because that's exactly what happened in 2013 and 2017. The people who called it "Tulips" back then never came back to comment in 2021. I’m envious |
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Posted: 5/19/2021 10:52:49 AM EST
[#42]
Quote HistoryQuoted: Elon's going to talk himself into a stay in the gray bar if he's not careful. The gov could make a pretty good case he's intentionally involved in currency manipulation. Plot Twist: He was FED the whole time. 
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Posted: 5/19/2021 10:54:18 AM EST
[#43]
Quote HistoryQuoted: This is why I don't buy stocks - I would single handedly destroy the Western economies! 
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Posted: 5/19/2021 10:54:18 AM EST
[#44]
Quote HistoryQuoted: That's what you guys said in 2013 when I was buying BTC at $200/each. How long does it take for you to admit that you are wrong? If 8 years aren't enough, how many more will it take? Serious question. If we get another few years down the road and BTC is trading north of $100k will you come back and say "Boy, maybe I misread that one" or will you dissappear and let the next guy step in to talk about tulips? Because that's exactly what happened in 2013 and 2017. The people who called it "Tulips" back then never came back to comment in 2021. A lot of people made a lot of money on tulip bulbs. Just because some people will get in/out at the right time doesn't mean it's not a similar financial mania, bag holders and all. |
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Posted: 5/19/2021 10:58:48 AM EST
[#45]
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Posted: 5/19/2021 10:59:41 AM EST
[#46]
Quote HistoryQuoted: Someone needs to be taking a serious look at Elon right now. No fucking way he goes from hyping Crypto as much as he was, to suddenly abandoning it completely, just a matter of days before China announced that they are banning all Crpyto. No fucking way anyone is that lucky. Quote HistoryQuoted: Quoted: Elon's going to talk himself into a stay in the gray bar if he's not careful. The gov could make a pretty good case he's intentionally involved in currency manipulation. Someone needs to be taking a serious look at Elon right now. No fucking way he goes from hyping Crypto as much as he was, to suddenly abandoning it completely, just a matter of days before China announced that they are banning all Crpyto. No fucking way anyone is that lucky. All of you guys Blaming Elon: He has major dealings in China. Major investors. You think he didn’t have a little friendly heads up? Not to insult anyone, but I’m amazed that some of you are surprised or mystified by this. It’s a straight like calculation. Like 420-320=120 |
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Posted: 5/19/2021 11:04:22 AM EST
[#47]
Quote HistoryQuoted: That's what you guys said in 2013 when I was buying BTC at $200/each. How long does it take for you to admit that you are wrong? If 8 years aren't enough, how many more will it take? Serious question. If we get another few years down the road and BTC is trading north of $100k will you come back and say "Boy, maybe I misread that one" or will you dissappear and let the next guy step in to talk about tulips? Because that's exactly what happened in 2013 and 2017. The people who called it "Tulips" back then never came back to comment in 2021. Quote HistoryQuoted: Quoted: Because crypto is backed by speculation only. Maybe like the tulip thing in Holland in the 1600's. That's what you guys said in 2013 when I was buying BTC at $200/each. How long does it take for you to admit that you are wrong? If 8 years aren't enough, how many more will it take? Serious question. If we get another few years down the road and BTC is trading north of $100k will you come back and say "Boy, maybe I misread that one" or will you dissappear and let the next guy step in to talk about tulips? Because that's exactly what happened in 2013 and 2017. The people who called it "Tulips" back then never came back to comment in 2021. I’m the first to admit I missed the boat, but did you at least sell a few million dollars worth at the high, so you can live comfortably on safe FRN dividends? |
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Posted: 5/19/2021 11:13:32 AM EST
[#48]
You're seeing the level of confidence that your co-holders of the crypto have in the crypto. There's always a group (I'll call it "everyone") that doesn't want to be the last one holding the unbacked currency.
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Posted: 5/19/2021 11:14:33 AM EST
[#49]
I can't help but laugh at everyone saying "but it's not realllll"
The entire market is bullshit. Its a fucking shell game and while the only way not to lose is to not play, the only way to win is. You look at the NASDQ and major markets like that. You tell me how massive unemployment, 4.2 inflation rates, massive spending, a new administration, gas shutdowns etc. Yet that shit sets records daily. It keeps going up because people keep deciding its up, and really only goes down when a major player sells enough to make the price drop slightly. Then all the small guys panic and the dump starts. I only have 100 in crypto so I'm not down much, but I plan on buying the dip because its not going anywhere. People will buy back in and new millionaires are minted when it climbs again. |
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Posted: 5/19/2021 11:20:58 AM EST
[#50]
3D chess move
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