The State of Cryptocurrency

[arroyo]

6000-6200$ looks like tough wall to break. If it will collapse, then next step is to break 5000$.

 

[R-T-B]

6000-6200$ looks like tough wall to break. If it will collapse, then next step is to break 5000$.

You say that like it's some kind of job to do.

...

Meh why do I bother...

 

[Vya Domus]

the stock markets cant..

Of course it can't , it's much more relevant.

 

[R-T-B]

Of course it can't , it's much more relevant.

Being bigger kind of has that effect.

 

[ShiBDiB]

You say that like it's some kind of job to do.

...

Meh why do I bother...

Bother with what, all you do is post whimsical bs with nothing to back it up.

 

[dorsetknob]

If the Stock market collapse's it will effect billions of people world wide but there are tangible assets to restructure and rebuild
if Crypto collapses it effects 100,000's but there are no real world assets its all virtual
The effect of Crypto collapse is about the same as Nuclear war in the Online world of Eve

 

[R-T-B]

Bother with what, all you do is post whimsical bs with nothing to back it up.

Nothing? I mean, crypto history must be lost on everyone here. What short memories we have.

Was my last article, chock full of data on crypto and efficiency nothing at all?

For the rest, if you feel my opinion needs a citation, look at the frog. He will croak you one.

If the Stock market collapse's it will effect billions of people world wide but there are tangible assets to restructure and rebuild
if Crypto collapses it effects 100,000's but there are no real world assets its all virtual
The effect of Crypto collapse is about the same as Nuclear war in the Online world of Eve

The money changing hands in the so called "collapse of crypto" is very, very real.

 

[dorsetknob]

The money changing hands in the so called "collapse of crypto" is very, very real.

Yes its Real money
Being Exchanged for a Virtual item and sometime Back
To Be honest its is no Different to Buying property in Virtual Games

 

[R-T-B]

Yes its Real money
Being Exchanged for a Virtual item and sometime Back
To Be honest its is no Different to Buying property in Virtual Games

Not much different at all in basic concept. Keep in mind people have actually made and lost fortunes that way too... and the pain of money lost is very real. That's all I'm trying to point out.

 

[FordGT90Concept]

It's not like everyone that knew markets wasn't saying crypto is a bad idea. They were warned, repeatedly.

Some reminders:

 

[Outback Bronze]

Wow crypto free fall...

BTC this time last year was $1040...

 

[dorsetknob]

Wow crypto free fall...

More like Base jumping

 

[Outback Bronze]

More like Base jumping

Well people like to say "Ride the Wave"

I think ill change that to "Base Jumping" : )

 

[ratirt]

Investors, banking, entire country market etc. need stability. How can you invest in or rely on something fluctuating so much. Risk to profit is very high here and also there's no 100% assurance that there will be any profit whatsoever.

 

[Sasqui]

A little bump in the step this morning, BTC is back up over $7k

 

[trog100]

It's not like everyone that knew markets wasn't saying crypto is a bad idea. They were warned, repeatedly.

Some reminders:

are you trying to make a point ford.. if so its rather pointless.. for every crypto fan there is a crytpo nay sayer.. they are all pushing their own cause.. pretty much like you are..

you can play one off against another for every and still not reach any valid conclusions.. time will tell and that is about it..

trog

A little bump in the step this morning, BTC is back up over $7k

and it looks like a nice healthy one too..

i have given up making predictions but for this uptick to be valid it needs to keep the momentum up and not piss about.. we need to see at least 8000 reached before the end of the day..

trog

 

[arroyo]

Warren Buffet is authority, he is "legendary investor". And he made his fortune by himself. People are paying millions of dollars to eat dinner with him and have opportunity to ask him for advise:
https://www.bloomberg.com/news/arti...uction-attracts-winning-offer-of-2-68-million
For me this is the man who know how to make business ... as opposite to hundereds of youtubers, HODLers and J. Mcafee.

 

[trog100]

delete

 

[dorsetknob]

Report
trog100
A post that contains nothing but quoting your own post with no additional content is just a wasted post and frustrating
thank you for the edit addition

 

[Space Lynx]

It's up %400+ from last year still... I mean if it's dead now, what was it then? Super dead? Undead? Permakilled?

The point I was making is any currency that fluctuates this much on a consistent basis will never get the backing of the big league boys, ala, hedgefund bruhs who run the world. Bitcoin will never be a currency on a large scale, its ability to crash and rise so dramatically all the time is not what the vast majority of people want out of life with their little savings they have. So Bitcoin is dead in a way, even if it rises to 10k again or 20k, it won't matter, I am not going to be able to rent property with it (with my current location) and even if I could I wouldn't want to because I would be afraid I overpaid after 3 months and another crash.

Fiat currency, is not perfect, but its overall stable. I make 15 Euro an hour, and that is something I can count on staying stable, thats real life sadly. I am glad some of you got rich off crypto, but honestly its all about subconscious accidental pyramid scheme at this point. Hype factors, problem is when you try to cash in for fiat currency all at the same time the exchanges "shut down for maintenance" lol... yet I withdrew 8 grand Euro in cash last month, and they didn't even make me wait a moment. The banks are not so bad

6000-6200$ looks like tough wall to break. If it will collapse, then next step is to break 5000$.

It is already up to $7400 again. Prob big companies buying it up or China, so they can twist the market again and make fools out of everyone while they get rich. Crypto is a pyramid scheme at this point. It's sad.

 

[trog100]

Report
trog100
A post that contains nothing but quoting your own post with no additional content is just a wasted post and frustrating
thank you for the edit addition

the auto merging went wrong for me.. not intentional..

trog

 

[FordGT90Concept]

FYI you can literally delete your own posts (so long as it is recent):

 

[Noyand]

I've bought 37 $ worth of bitcoin as an experiment wich have now turned to 38 $. I'm about to do the same with 18$ worth of ETH. I'm just going to sit there and see what happens in the next few months.

 

[R-T-B]

Warren Buffet is authority, he is "legendary investor". And he made his fortune by himself. People are paying millions of dollars to eat dinner with him and have opportunity to ask him for advise:
https://www.bloomberg.com/news/arti...uction-attracts-winning-offer-of-2-68-million
For me this is the man who know how to make business ... as opposite to hundereds of youtubers, HODLers and J. Mcafee.

He's also deeply involved with traditional wall-street.

And for every example, there is a counter example, like the self-made bitcoin billionaires the Winklevoss Twins.

The point I was making is any currency that fluctuates this much on a consistent basis will never get the backing of the big league boys, ala, hedgefund bruhs who run the world.

As a currency no. As a security? Sure. There is money to be made on those fluctuations.

It is already up to $7400 again. Prob big companies buying it up or China, so they can twist the market again and make fools out of everyone while they get rich. Crypto is a pyramid scheme at this point. It's sad.

It goes down, it's a pyramid scheme, it goes up, it's a pyramid scheme. I'm firmly convinced at this point there is nothing it could do that would make you say otherwise.

 

[Papahyooie]

Careful what walls you rely on.

Haha indeed. I ate my words on that one.