Let's talk about Cryptocurrencies

[dino7c]

Originally Posted by Bill Bumface

No, the point is that just because one person does something and makes money at it means everyone should.

The same thing could be said for the guy that buys a section of land, blows his life savings into an oil well and hits it big.

Just because that guy did it doesn't mean "why isn't everyone just doing this".

It also doesn't mean that guy was an idiot.

Personally, I don't have the information at my disposal that aligns with the risk profile I have for my capital to go and buy a section of land and drill a well.

Good for you, don't deride me or imply I'm a moron because I allocate my capital differently.

I think some of the people involved in the GME crap actually knew what they were doing, and made a lot of money. I think way more people should have stayed the hell away.

okay don't, why are you here so often then? you obviously have no interest in Crypto investing. Some of you bragged about shorting it back in the day...go do that.

Like I said I don't like Rap music, I don't go to the Rap music thread daily to tell them is sucks.

[chemgear]

https://www.bbc.com/news/technology-68055557

Cryptocurrency firm Terraform Labs files for bankruptcy in US

The cryptocurrency company behind the crashed TerraUSD and Luna tokens has filed for bankruptcy in the US.

Terraform Labs' tokens collapsed in May, losing $40bn of their value and contributing to the so-called "cryptocrash" of 2022.

Co-founder Do Kwon is currently in jail in Montenegro after having been found guilty of forging documents.

Terraform Labs' Luna token came to prominence in December 2021, when its value began to rise from $5 to a high of $116 in April 2022.

Fans of Luna became known as "Lunatics", with Mr Kwon referred to as their "king".

Then suddenly, on 9 May 2022, it collapsed, losing 99% of its value in just 48 hours.

[dino7c]

This is why I only deal in the big boys...strong hands at that top will limit any "crash"

I refer to it as a "sale" rather than a "crash"

In BTC you can actually watch the coins move from weak hands to strong while people are freaking or high fiving about a "crash"

[zamler]

Originally Posted by Bill Bumface

No, the point is that just because one person does something and makes money at it means everyone should.

That's not the point at all. EVERYONE that invested in crypto 7 years ago made money. Almost NO ONE that went to the casino made money, the number is so small it may as well be zero. Your comparison is nonsensical.

The same thing could be said for the guy that buys a section of land, blows his life savings into an oil well and hits it big.

Another silly comparison, you're picking the most unlikely scenario.

Just because that guy did it doesn't mean "why isn't everyone just doing this".

I didn't go big in BTC went with other investments (everyone here knows what that is), what did you do?

It also doesn't mean that guy was an idiot.

If a person is utterly unwilling to listen, to take advice, learn from others success, to think logically and instead cling to their ideology then yes that person is not very smart.

Personally, I don't have the information at my disposal that aligns with the risk profile I have for my capital to go and buy a section of land and drill a well.

Therefore 7 years ago you couldn't evaluate any opportunity, because of land and drilling.

Good for you, don't deride me or imply I'm a moron because I allocate my capital differently.

Did you call people morons for buying crypto 7 years ago? And what is your different way of allocating capitol?

I think some of the people involved in the GME crap actually knew what they were doing, and made a lot of money. I think way more people should have stayed the hell away.

That's gambling, not investing. I gambled on a LCID and RIVN, also AMC and a few others. Short term, gambling. I had zero intention of holding long term, didn't care one lick about fundamentals it was all about riding the wave and getting out. And I did it with money that didn't threaten my financial freedom.

Originally Posted by dino7c

This is why I only deal in the big boys...strong hands at that top will limit any "crash"

I refer to it as a "sale" rather than a "crash"

In BTC you can actually watch the coins move from weak hands to strong while people are freaking or high fiving about a "crash"

Investing requires zero emotion which is almost impossible. The worse you feel, the better the opportunity. This time last year the markets had turned to total ####, incredible opportunity. I only wish I had more free cash at the time. Could have bought on margin and made so much money but that's beyond my risk tolerance.

This time last year BTC was at $22K the sky was falling. Crypto was dead, finished. Experts said get out. And that's just one year, rinse and repeat for over a decade. I remember when BTC was only for losers in their basement wasting electricity.

[jammies]

Rather than quote the blizzard of posts:

- Good, the avatar bet is on. We'll revisit in 2025.
- Bitcoin SHOULD BE worthless. When I say it IS WORTHLESS, that can be read in the counter-factual and obtuse sense that I am claiming it has zero current cash value, or that I think it is entirely unsuited to purpose, has more drawbacks than advantages, and thus has no or negative value. If you want to go with the obtuse reading, well, I can't stop you.
- I like discussing crypto because I am philosophically opposed to the ideas behind it, which are naive, dangerous, and wrong. Whether a particular rap musician is good or not is an entirely subjective discussion relevant only if you like rap; whether crypto heralds a new age of dynamic economic freedom is neither subjective or relevant only a crypto fans.

[zamler]

The market has unquestionably decided crypto is not worthless.

[Bill Bumface]

Originally Posted by dino7c

okay don't, why are you here so often then?

Because I've worked in the financial technology space for quite some time, and find the topic interesting. Personal interest is the same reason I read the oil thread, and engage in posts on nuclear power.

I'm not going to drill a well or build a power plant, does that mean I can't read about it?

It would be great if you'd let up on the defensiveness, cheap shot personal attacks and fan-boying so it can go back to being an interesting discussion again.

[Jason14h]

Good for heating a sauna !

https://www.instagram.com/reel/C1Ah8...g0c21kN2s0emEw

[dino7c]

Originally Posted by Bill Bumface

Because I've worked in the financial technology space for quite some time, and find the topic interesting. Personal interest is the same reason I read the oil thread, and engage in posts on nuclear power.

I'm not going to drill a well or build a power plant, does that mean I can't read about it?

It would be great if you'd let up on the defensiveness, cheap shot personal attacks and fan-boying so it can go back to being an interesting discussion again.

the list of folks who thanked this post is hilarious...a who's who of guys that have been wrong about Crypto

cope harder boys...including the guy that supposedly ignores me but follows me around CP to thank every negative post. (IE reads my quoted post lol)

Maybe you guys should stop talking and listen to the posters that have PROVEN they know more about reading the Crypto market.


When does it end? in 5 years? 10 years? or do you guys just end up on your deathbed saying "not sustainable!"

honestly at what point do you admit its not pogs and is a viable asset that is here to stay? Its been 7 years in this thread. I first heard of BTC in 2013, started in 09 been a while. I know you guys don't like numbers in your crypto thread but that is 15 years.

[zamler]

Make it make sense. Do some people hate money? Is it because BTC is not under the boot of any one government so some hate that?

[Fuzz]

Originally Posted by dino7c

the list of folks who thanked this post is hilarious...a who's who of guys that have been wrong about Crypto

cope harder boys...including the guy that supposedly ignores me but follows me around CP to thank every negative post. (IE reads my quoted post lol)

Maybe you guys should stop talking and listen to the posters that have PROVEN they know more about reading the Crypto market.


When does it end? in 5 years? 10 years? or do you guys just end up on your deathbed saying "not sustainable!"

honestly at what point do you admit its not pogs and is a viable asset that is here to stay? Its been 7 years in this thread. I first heard of BTC in 2013, started in 09 been a while. I know you guys don't like numbers in your crypto thread but that is 15 years.

Feb 2021...

Originally Posted by dino7c

Bitcoin breaks 70K Canadian

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

Ya, nailed it, eh? Or here, where it will be 3x in a couple years. It's a couple years later. 3x or...the same?

Originally Posted by dino7c

So make a bet with some rando and maybe earn 1K in 7 years

or

Put another 1K in BTC and make 20k if I am right and less but still money if I am wrong

Obviously you guys are going to bump all my posts if it doesn't go my way...I am betting bragging rights just by posting. HODLING whole coins I bought for $1500 Canadian though I'm not too stressed. I have already 40x'd a large investment.

Anyway if you want a two year 10x buy ether...BTC is probably only 3X over the next couple years. Take my advice or don't, my track record speaks for itself.

Seriously, why should anyone believe you when you have been so wrong? Your confirmation bias is the only thing you have going for you. You got lucky gambling, and that's not likely to repeat. Go ahead and own it, stop pretending you outsmarted everyone. You didn't.


That last post was also a followup to someone else wanting to make a $1000 bet, and you bailing on that, too.

[zamler]

Originally Posted by Fuzz

Seriously, why should anyone believe you when you have been so wrong? Your confirmation bias is the only thing yo have going for you. You got lucky gambling, and that's not likely to repeat. Go ahead and own it, stop pretending you outsmarted everyone. You didn't.

[Fuzz]

####in' Zamler, always ready to drop in with a gif he stole to totally miss the point.

[zamler]

Originally Posted by Fuzz

####in' Zamler, always ready to drop in with a gif he stole to totally miss the point.

Can't steal a gif on this forum remember? You are such a lame ass holy crap.

[topfiverecords]

Originally Posted by Fuzz

####in' Zamler, always ready to drop in with a gif he stole to totally miss the point.

Strong correlation between BTC fanboys and those who prove they can’t read or comprehend anything.

[zamler]

Originally Posted by topfiverecords

Strong correlation between BTC fanboys and those who prove they can’t read or comprehend anything.

Suppose you made bank on something, and I called you a fanboy of that something. What would your response be.

[topfiverecords]

Originally Posted by zamler

Suppose you made bank on something, and I called you a fanboy of that something. What would your response be.

Would never happen because I don’t link finances and acting as a fanboy together in my behaviour.

[dino7c]

FUZZ sorry but you are an absolute fool
I have been so wrong haha? I slightly missed some predictions but it still followed the predicted cycle

You called "3k peak bubble" in 2018...you and jammies patted each other on the back about it being dead multiple times.

WHO has been more correct again?

dip####, billionaires are currently buying BTC for $40k a coin on sale

I bought them for $1100.00

Yes, while not 100% on predictions because nobody is I have read the market well. And I didn't bail on any bet. Not accepting a dumb bets somebody makes doesn't mean you bailed.

FUZZ I bet you 1M BTC will close above 20k tomorrow

accept or you are a bailer

[dino7c]

Originally Posted by topfiverecords

Would never happen because I don’t link finances and acting as a fanboy together in my behaviour.

more like won't happen because you have never made bank on anything...your 9-5 financial planner won't have any of that

[zamler]

Originally Posted by topfiverecords

Would never happen because I don’t link finances and acting as a fanboy together in my behaviour.

Well then you're just better than the rest of us aren't you.