Bitcoin....who's gotten into it?

[schuss]

Not at all. Just tired of hearing this shilling con shit. Which is basically admitting you are gullible and dumb as fuck.

Everything you do is a choice. Mostly your choice.

I'm stoked BTC is going down. Backing the truck up.

The fact the crypto has its own term of "rugpull" and the quantity of pure scam coins/tokens/nfts means it's well earned. Want to be seen as less of a douche, stop rose glassing every bit of crypto and spouting off about how it's soooooo much better than other things.
Most are basically unregulated penny stocks with no fundamental backing.

[Mustonen]

Good thing tradfi's record is impeccable. https://violationtracker.goodjobsfir...ial%20services

You win, again.

False equivalence is false. Exhibit A is mortgage lending, which BTC doesn’t fucking do.

You’re comparing a shitty currency/asset/commodity to a service industry. Anybody concerned about the values and consumer protection focus of tradfi should take solace in the regulatory oversight evidenced by your link.

[garyfromterrace]

Most are basically unregulated penny stocks with no fundamental backing.

QFT

[byates1]

Most are basically unregulated penny stocks with no fundamental backing.

100%. Which it fine. I mainly comment about BTC. BTC stands alone and is not "the crypto space" imo.

I bought some doge and algo the other day for pennies. I'm fine w that.

My plan is for BTC to be 300/500k in 10/15 years. So anyone that bought from 20/70k will do well.

I'd be buying right now if I were you.

And stop crying about scams and Matt Damon etc.

[J. Barron DeJong]

This shill poor ppl argument? So I'm supposed to feel bad for dumb decisions by poor people? There incompetence is supposed to weigh heavily on me?

Sack up. People are fucking morons. When the hype train is blasting and everyone is euphoric, ppl jump on. I have a few times. Who cares. Have some personal responsibility.

This point of feel sorry for the ppl in the ponzi? Fuck that. Whiny bitches.

If I invest in a high risk moonshot and it busts, that's my choice and I'm responsible.

So there’s nothing wrong with con-artists? They’re just successful entrepreneurs?

The issue isn’t just the Ponzi/casino. The big issue is claiming that it’s no such thing to attract the dumb money in.

[neckdeep]

So there’s nothing wrong with con-artists? They’re just successful entrepreneurs?

The issue isn’t just the Ponzi/casino. The big issue is claiming that it’s no such thing to attract the dumb money in.

Byates never read Aesop's fables.

[byates1]

I don't think BTC is a Ponzi.

Doge coin literally was created as a joke. Literally.

If you bought BTC in the 50/60k range w a 10/15 yr timeframe you'll do well.

Not hard.

[4matic]

Solana is holding well above its recent low.

[summit]

If you bought BTC in the 50/60k range w a 10/15 yr timeframe you'll do well.

7 years is considered very long term investing on actual productive investments like real estate, extraction, and companies that produce product.

15 year timeframe??? On a very specific piece of tech????? What The Actual Fuck???????

BTC is, at best, speculation in a highly manipulable unregulated playing field. Speculation is a near term game. The long game is Koolaid sold to the future bag holdlers.

[yeahman]

You have to think are a lot of people who told themselves if BTC drops below 20k they're getting out. Curious to see what happens.

If it goes to zero I'm in.

[4matic]

You have to think are a lot of people who told themselves if BTC drops below 20k they're getting out. Curious to see what happens.

No, every little bounce convinces inexperienced investors that the bottom is in. Eventually they’ll just quit looking at it and talking about it turning what is left into a long term investment. Changing time frames is the most common mistake investors make because they are never wrong

[4matic]

Luna ancillaries still have btc to liquidate. Celsius, 3AC. MSTR is going to have to do something to avoid liquidation. The ETF’s are going to have to sell for redemptions. Institutions aren’t going to touch it now. It can’t find a bottom until there are some large headline liquidations.

[up an down]

Impressive break below 19,000

[up an down]

One simple tip. If you think charts are helpful. Turn them upside down and apply the same mindset to the price action as you do when the chart is right side up

[Cono Este]

Nothing is getting better anytime soon.


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[byates1]

Agreed. ^ except the buying opportunity.

[Bunion 2020]

My plan is for BTC to be 300/500k in 10/15 years. So anyone that bought from 20/70k will do well.

Well my plan is for the stock market to be up 1000% in 10/15 years.

Ain't it great to have a plan.

[CarlMega]

How much YOLO priced whisky is Saylor drinking today?

[schuss]

Compute power in 15 years will laugh at BTC unless it's mined out.

[MultiVerse]

Not at all. Just tired of hearing this shilling con shit. Which is basically admitting you are gullible and dumb as fuck.

This comment is not directed at anyone in particular, just making the observation a person will never be forgiven for warning someone about a con. It's one thing to lose money. It's another thing to hear "I told you so" and being made to look and feel dumb.

[frorider]

Well my plan is for the stock market to be up 1000% in 10/15 years.

Ain't it great to have a plan.

I’m not committing until you create a YouTube vid explaining your exciting plan.

[yeahman]

Below 18...headed for 17 every time I refresh. Crazy

[CarlMega]

Below 18...headed for 17 every time I refresh. Crazy

Super interesting. So are we in a pessimism death spiral? Something along the lines of... following unbound optimism, hard shift and now there is prevailing belief that BTC is sinking. Now there's a backlog of trans for people wanting to liquidate. The miners, many of whom were leveraged optimistically - loans on equip / processing due, are cutting down and potentially selling their BTC to cover plus rising energy costs. The algo difficulty hasn't dropped yet. So back log and trans further stack up. High supply/low demand - price further drops as does access to liquidity and network / Celsius type managers. Miners watching for '2016' in hopes the difficulty drop will come but there's already more dumpers waiting waiting waiting...but the pessimism and flee has begun... Who wants to process trans for a loss?

edit: funny line of the day: "We bought random numbers made by graphics cards". Noice! I mean Nonce!

[summit]

I bet it hold around 10K for a bit... coin.

[up an down]

Below 18...headed for 17 every time I refresh. Crazy

No, it's rational