Let's talk about Cryptocurrencies

[jammies]

Let's take a look at some of dino7's predictions from 2021:

Originally Posted by dino7c

Bitcoin breaks 70K Canadian

will be 100k this year...and that is conservative

January 2021. Didn't happen.

Originally Posted by dino7c

You guys should shut up and buy some Cardano...if you like money that is

Feb 28 2021 - Cardano (ADA) was at $1.35. It's now barely over $0.56.

Originally Posted by dino7c

"Smart" money is buying Bitcoin now

March 30 2021. Bitcoin was $57,573.24, it's $43,645 now. Smart money.

Originally Posted by dino7c

Ask yourself is the price of X the highest it will ever be?

BTC-NO
ETH-NO
ADA-NO

4 years and 2 years ago I told everyone to buy BTC. One year ago and 6 months ago I told everyone here to buy ADA and ETH. Massive fluke? Your call, for me the internet/Crypto is like nothing we have ever seen before in investing. Market sentiment has never been so easy to follow.

September 1st, 2021.

BTC: Then $47335.42, now $43619.00
ETH Then $3790.61, now $2539.24
ADA Then $2.79, now $0.56

--------

The crypto bubble hasn't burst *yet*, but it's not inflating anymore either. Crypto is yesterday's craze, nobody's talking up web3 and blockchain anymore, it's all about generative AI solving real problems, while the only problem crypto "solved" was how to untracealy pay randomware gangs.

It's fizzling instead of popping, and some people made a lot of money while the fun lasted - nice, if you're one of them. Some people make a lot of money buying lottery tickets too, but that doesn't mean they are smart investors, it means they got lucky, and you certainly can argue with that kind of success because it's not replicable by method, only chance.

Maybe there's enough inertia and institutional money in bitcoin to sustain it for years and years to come. Maybe not. For certain, though, it's going to fade even further into irrelevance until guys like dino are sitting in their rocking chairs telling the bored grandkids how they were in the front lines of the crypto revolution until it was co-opted by those damn global elites.

[Azure]

Always fun when jammies chimes in.

Pointing out posters price predictions is rather ridiculous considering some of the best investors in the world have been right and wrong about these kinds of things thousands of times.

Yesterday we had ETF approvals in the US for BTC. To think that something like that was possible back when we were all mining BTC and joking how it might be worth $10 one day is honestly crazy. Then we all sold when it hit $400, and now we all tell stories of how dumb we all were.

One thing is for certain though, despite consistent raging by people like jammies, BTC has gone up more than its gone down, been adopted more than it has been banned, and continues to hang around as something more likely to explode that it is to crash. Who knows. But to think that you can look into the future and think you have more of a clue about something persistently grown in value the past 10 years of its existence to the point where its a top 20 asset in terms of market value than guys like Dino who are lets say fans of BTC is laughable.

You honestly sound like someone who is jealous and depressed at the same time because you missed the boat for 10 years straight, and now you're left with literally nothing other than to make dumb posts about something you have no clue about.

Yesterday people were saying once ETF approval was done, it'll go to the moon. Today it crashed 8%.

End of the day nobody understands this, it likely shouldn't have any value, but here we are where its a top 20 asset and doesn't seem to want to go away.

Personally, I'd rather be in Dino's shoes than someone like yourself.

[jammies]

Ah, Azure - yes, the only reason people hate on crypto is jealousy. Every contrary motivation has to be reduced to childish emotion for you, because logic always leads to the opinion you have, right?

[topfiverecords]

It’s pretty clear who’s jealous and depressed.

It’s also pretty pretty pretty clear who’s lying and raging.

[dino7c]

Avatar bet? all time high this year, funny how all the hot air but nobody is willing to risk their avatar even...

Jammies? All time high this year avatar bet?

I said nobody bats 1000 last page, my predictions have been better than you $3000 peak bubble clowns...obviously not 100%


as for the Cardano that is out of context...it did go up after that post and I did sell it for profit

I have 10 Bitcoins in a Trezor I paid $1100 each for in early 2017

we will see who is raging and jealous lol, I mean we already do...you guys hate something so much and have known it will be done any minute now for the last 7 years? haha

If we want to start posting old posts I am far from the wall of shame, very far...lets start

[dino7c]

Originally Posted by jammies

So, now that the bubble is bursting, can Fuzz and I say "I told you so!"? Billions of dollars lost to hacks, hundreds of billions in dollar value evaporated, and we've not hit bottom yet. Some currencies are now effectively worth zero - zero in stodgy old fiat US dollars, that is.

It might sound like I'm gloating, but it makes me more sad than glad - the resources wasted on the 21st century tulip craze could've gone just about anywhere and been more useful. There are people out there who moved all-in on the bubble and are now facing ruin, and you can only hope that this time the lesson sticks for more than a decade or so. Though it won't.

BTC Price was around $6000 when this was posted

LOL Asstat

Posted in August of 2018, bubble burst, rock bottom, I told you so ect. ect. ect.

Anyone who moved all in at this time is doing well, as long as they didn't listen to you


NEXT

And you are trying to call me on past posts...hahaha

no really? you can't be serious

Fuzz should I post your $3000 peak bubble posts again?

[dino7c]

Originally Posted by jammies

Ah, Azure - yes, the only reason people hate on crypto is jealousy. Every contrary motivation has to be reduced to childish emotion for you, because logic always leads to the opinion you have, right?

Why are you even here? Crypto was done in 2018 and you told us so

Jammies in August of 2018

[dino7c]

Zing

[Azure]

So let me get this straight.

Jammies makes a big rage post about Dino's BTC pride prediction, and how wrong Dino is, but Jammies himself has made some told you so posts himself that are even worse?

lol.

[Roof-Daddy]

The crypto market seems to run in a 4 year cycle. It includes a bull run and a bear market.

In the bull run the prices tend to go up and down, up and down, but overall the prices steadily increase.

In the bear market prices tend to go up and down, up and down, but overall the prices steadily decrease.

The prices also seem to go up and down with such volatility that it's scary as hell and if you're not careful you can get your lunch eaten pretty quickly. Especially if you are trying to "day trade" and time the market.

There are also a crap ton of scams you have to be very careful of, and the main thing here IMO is to not keep your crypto on exchanges. Keep it in a private "wallet" so it's safe and can't be taken from you at some scammers whim, and also be very careful what you connect that wallet to. Connect it to the wrong thing and it could be gone in a flash.

Now the folks who have figured the crypto cycle out, try to buy as close to the bottom of the bear as possible, and hold it until as close to the top of the bull as possible. And just because they think they are near the top doesn't mean they will sell all their holdings and exit the space. Sometimes they will just take profits and hold the rest through the next bear market and then buy more at the bottom because over the long haul they think this is the best play. They believe the price will grow even more during the next bull run.

This isn't rocket science, and it's also not entirely "luck" for people that know what they're doing. They are also not always right, but when they are they make a #### ton of money that more than makes up for any mistakes they make.

It's funny to see these people getting mocked though, when the prices are in the crapper during a bear market, like the one that's been going on for 2.5 years now. It's going to be interesting to see how the next year and half goes though as these crypto investors are very likely to get "lucky" again.

I guess we'll see.

[topfiverecords]

Originally Posted by Azure

So let me get this straight.

Jammies makes a big rage post about Dino's BTC pride prediction, and how wrong Dino is, but Jammies himself has made some told you so posts himself that are even worse?

lol.

There's only one poster making rage posts here and it's not jammies.

[Roof-Daddy]

Originally Posted by topfiverecords

There's only one poster making rage posts here and it's not jammies.

I don't see anyone "raging" in here

I see a lot of disrespect and apparent pent up resentment on both sides from what looks like years of the two sides attempting to humiliate each other

[topfiverecords]

Originally Posted by Roof-Daddy

I don't see anyone "raging" in here

I see a lot of disrespect and apparent pent up resentment on both sides from what looks like years of the two sides attempting to humiliate each other

If you don't see it, you don't see it. Doesn't mean it isn't occurring.

[dino7c]

Originally Posted by topfiverecords

There's only one poster making rage posts here and it's not jammies.

haha as if

He bragged it was "done" back when it was worth 6k

I said it would hit 100k in 2021
it only hit 80K
what a burn for me MI rite lol

seriously I never suggested every price prediction is spot on

There are no sides here...I was right and continue to be right overall

boggles that mind how people that bragged about crypto being "tulips" and totally done this time for sure can actually come in here with a straight face and talk #### to someone like me who has absolutely cleaned up.

Call me lucky if you like, I have been saying the same things since this thread started.

[dino7c]

Originally Posted by topfiverecords

If you don't see it, you don't see it. Doesn't mean it isn't occurring.

hey look its the guy who hates crypto so much he posts about it daily, not butt hurt at all

haha

I'm going to go rage some more about all this money I made doing nothing, excuse me


You guys say its going to zero...again, I say all time high

lets see...funny thing is you guys will quadruple down when it hits all time highs and call me out for missing predictions by a few K

[topfiverecords]

Oh look, more rage. Surprise surprise.

Oh look, more incorrect statements. Surprise surprise.

[dino7c]

Anyway back to business, don't call out someone who has lapped you and not expect a response. I come here to give my advice, it has been quality thus far but people are free to do whatever they like. Follow guys who thought $3000 was the ceiling or take my advice. Who is butt hurt? the guy who made the money or the guys who were wrong 10 times or more about it being done. This time for sure though.

Top holders of BTC (it's not going to zero guys)

United States Government 205,515 BTC $5,566,414,878 Government
Block.one 164,000 BTC $4,445,941,600 Private Company
Microstrategy 140,000 BTC $3,795,316,000 Public Company
Winklevoss Twins 70,000 BTC $1,897,658,000 Individual
Tether Holdings 52,673 BTC $1,427,933,426 Private Company
Ukraine 46,351 BTC $1,256,547,799 Government
Tim Draper 29,656 BTC $803,956,366 Individual
The Tezos Foundation 24,808 BTC $672,529,995 Private Company

If only they read CP! save these billionaires please!

they have no clue what they are doing

[Roof-Daddy]

Originally Posted by topfiverecords

If you don't see it, you don't see it. Doesn't mean it isn't occurring.

No I don't see it. He's not raging, he's laughing.

All the way to the bank, it would seem.

[topfiverecords]

Originally Posted by Roof-Daddy

No I don't see it. He's not raging, he's laughing.

All the way to the bank, it would seem.

You’re free to believe whatever you believe.

[afc wimbledon]

Historically bubble investments tend to eventually disappear once the market sours on them, it will be interesting to see if B/C follows that trend.