Crypto currency thread

[spurraider21]

a truly great twitter account

[spurraider21]

baseline bum

[spurraider21]

Damn

Bitcoin reaching $66K TODAY

they are saying it will soon reach 160k due to some kind of bitcoin futures about to trade on the market.


Chaching!

[Will Hunting]

hater would be a crypto bro

I'll bet he also bought a lot of those ape NFTs

[baseline bum]

Nice to see the crypto bros get ed

Remember when crypto was hyped as a guard against inflation?

[Will Hunting]

i'll keep that in mind while i'm wiping my tears away with money

[Leetonidas]

You guys are s

Tbh yall acting like s collapsed when it hasn't. Look at the rest of the world markets. This isn't the first nor the last bear market

[Leetonidas]

I made a lot of money last year. This year not so much

[baseline bum]

You guys are s

Tbh yall acting like s collapsed when it hasn't. Look at the rest of the world markets. This isn't the first nor the last bear market

Just like to see a scam get burned

[Will Hunting]

I made a lot of money last year. This year not so much

Did you at least sell out of a good portion of your ETH position before the crash started the last few months? I liquidated all my stocks earlier this year and now I just day trade options, which I'm doing until the market stabilizes.

[Leetonidas]

Just like to see a scam get burned

Never denied the crypto space is full of scammers sadly. Hopefully this bear market will shake out a bunch of the trash

[Leetonidas]

Did you at least sell out of a good portion of your ETH position before the crash started the last few months? I liquidated all my stocks earlier this year and now I just day trade options, which I'm doing until the market stabilizes.

I sold a few during December for Xmas stuff and to treat myself but not as much as I wish I did in hindsight. Still, no regrets. I have long term confidence in eth specifically so while I won't lie it sucks right now I'm sure it'll be fine. Merge is happening later this year and the whole market is bleeding. If it was just crypto getting rekt and the terra bull didn't happen I might be more upset

[Will Hunting]

You guys are s

Tbh yall acting like s collapsed when it hasn't. Look at the rest of the world markets. This isn't the first nor the last bear market

In terms of crypto this is the first bear market; while we know the stock market has survived countless bear markets, it's unknown whether crypto will be able to survive one.

[Leetonidas]

In terms of crypto this is the first bear market; while we know the stock market has survived countless bear markets, it's unknown whether crypto will be able to survive one.

Iirc back in 2018 eth went from like 1700 to a few hundred bucks or less. Bitcoin also plummeted. it's happened in recent years. Just hasn't existed long enough. But eth is an actual block chain and not just a coin so I have more faith in long term utility

Edit: went from 1200 to 115 and btc from 19k to 3k. sucks for sure but it's happened at least once before

[boutons_deux]

[Joseph Kony]

[SpursforSix]

Did you at least sell out of a good portion of your ETH position before the crash started the last few months? I liquidated all my stocks earlier this year and now I just day trade options, which I'm doing until the market stabilizes.

Same here. Other than some penny stocks that I'm holding, I've gotten out of everything for long term. With the current volatility, it's not hard to make a few hundred dollars as long as you're trading something you understand.

[hater]

Still all in nigs

Gonna buy p couple more coins today. What a great pricing

Cha ching!

[SpursforSix]

Still all in nigs

Gonna buy p couple more coins today. What a great pricing

Cha ching!

Good luck to you. But the chart looks ugly.
Also, the bitcoin correlation to NASDAQ correlation is approaching 1. You might as well just buy QQQ because it has history and will eventually come back if you're wrong.

[spurraider21]

Never denied the crypto space is full of scammers sadly. Hopefully this bear market will shake out a bunch of the trash

the very nature of crypto is scammish. yeah if you time things like with any gambling mechanism you can make some money along the way. but this s going nowhere and somebody's gonna be left holding the bag.

[hater]

Good luck to you. But the chart looks ugly.
Also, the bitcoin correlation to NASDAQ correlation is approaching 1. You might as well just buy QQQ because it has history and will eventually come back if you're wrong.

Dumped all my stocks nig.

That s a scam


And I only invest in bitcoin money I have no use for. Also bought bubch of gold last year.

Its all in diversity.

[hater]

the very nature of crypto is scammish. yeah if you time things like with any gambling mechanism you can make some money along the way. but this s going nowhere and somebody's gonna be left holding the bag.

The nature of bitcoin is to be a payment system that is immune to governments.

Its successful at that


It was never designed as a wealth making tool.


The idiots that spent their life savings to make a fortune deserve what they are getting

I buy coins here and there because I believe is a good long term investment. Talking 10 or 20 years

[spurraider21]

The nature of bitcoin is to be a payment system that is immune to governments.

Its successful at that


It was never designed as a wealth making tool.

.

The idiots that spent their life savings to make a fortune deserve what they are getting

the volatility makes it an awful payment system

[hater]

the volatility makes it an awful payment system

False. It was never designed to be pegged or compared to fiat money.

[spurraider21]

False. It was never designed to be pegged or compared to fiat money.

which is why its a bad payment system