Can we rely on Cryptocurrencies like Bitcoin?

[six_pac]

I guess the issue is that many people who bough in early are now millionaires (or more), but the question remains, if you start buying shit now, are you really making an investment? I mean, will one of the thousands of tokens that get minted be worth anything in two years? Plus, unlike the stock market, how do you make wise decisions on a token's value? We saw this past week how a large number saw massive drops in value. Is it easy to get your money out of the system?

I know a little about all of this, but at the same time, not enough to feel confident in investing.

There is a lot of speculation in the crypto market right now...... but, to tgose doubting crypto, it is the future in one form or the other.. it is the future of money, it is the future of content distribution, and it is the future of the internet as a whole.

Now i dont want to be a Bitcoin maximalist, but just look at the bitcoin yearly chart, and keep in mind there will ever be only 21 million of them.

Invest what you can afford, and dont look at the market on a daily basis.

 

[|2 /-\ | /|/]

Those scams have nothing to so with the reliability or security of crypto, but more with greed and ppl not knowing how to safely trade, mostly defi ponzi, and nft phishing.

Exactly. They keep ignore all the money laundering, all the bank robberies, personal robberies, counterfeits, and many many fiat scams happening every single day when every single transaction on the blockchain can be tracked. Go figure. Maybe they don’t deserve a crypto like bitcoin and can buy it when it reaches a $1,000,000+

 

[|2 /-\ | /|/]

The say crypto is volatile and they don’t know where it’s going...



They say bitcoin is going to 0...”
Cathie Wood's Ark Sees Bitcoin Hitting $1 Million by 2030”

Cathie Wood's Ark Sees Bitcoin Hitting $1 Million by 2030 - TheStreet

Ark’s research indicates that bitcoin's 'network fundamentals' remain healthy, so it can continue its long-term rise.

www.thestreet.com

They say Russia is banning crypto mining...

https://twitter.com/i/web/status/1486663668829990916

These people don’t deserve crypto at the discount. All they are is a echo chamber reverberating sounds they tell them.

Wether you like it or not crypto is the future. Crypto is inevitable and you will use it regardless how you feel about it. It’s fiat that is getting undermined and threatened. Soon you will not be able to buy goods and services with it and will have no choice but to use a crypto currency. Either a countries or something more universal like bitcoin.

If you are wondering about price and what it’s worth just research how many people actually own it in the world and the various countries. Then look at the institutions. Then look at the limited supply of crypto assets like bitcoin. It’s a no brainer really.

Yes, some years it has a negative ROI but since it’s inception this is the scenario...

Bitcoin: Historical Annual Returns

Historical annual returns including dividends for Bitcoin

www.upmyinterest.com

Ohh no bitcoin is going to 0...it’s a scam it’s horseshit. Just listen you yourself from a 3rd person perspective and see whose interests you serve with this Drivel.

 

[jalimon]

It's a new age big decentralized ponzi. You can still be part of it just make sure it does affect you if you lose it all either by devaluation or by being hacked or robbed.

 

[six_pac]

It's a new age big decentralized ponzi. You can still be part of it just make sure it does affect you if you lose it all either by devaluation or by being hacked or robbed.

Yup, sure, why not. Now just imagine if instead of your RRSP, TFSA, CPP, you were buying bitcoin for the past 10 years with that money..... and now try remember these words 10 years from bow!

 

[six_pac]

Yup, sure, why not. Now just imagine if instead of your RRSP, TFSA, CPP, you were buying bitcoin for the past 10 years with that money..... and now try remember these words 10 years from bow!

Now! Fat fingers lol

 

[jalimon]

Yup, sure, why not. Now just imagine if instead of your RRSP, TFSA, CPP, you were buying bitcoin for the past 10 years with that money..... and now try remember these words 10 years from bow!

All I'm saying is not to bet your future on something that's not legally backed. In 2021 alone 14 billion $ value was hacked in the crypto world. And there is no way to recover those funds.

So yes you can invest in crypto but make sure it won't hurt you financially in the street if you loose it all.

 

[Valcazar]

All I'm saying is not to bet your future on something that's not legally backed. In 2021 alone 14 billion $ value was hacked in the crypto world. And there is no way to recover those funds.

So yes you can invest in crypto but make sure it won't hurt you financially in the street if you loose it all.

People who want to invest in a speculative asset because they are betting it will go up should go ahead and do that.
People who claim "bitcoin is the future and will cause freedom for humanity" should be laughed at.

 

[|2 /-\ | /|/]

People who want to invest in a speculative asset because they are betting it will go up should go ahead and do that.
People who claim "bitcoin is the future and will cause freedom for humanity" should be laughed at.

Ask yourself do you want people polluting your mind that try to tell you what to think and fell like they own you and act like this is normal.

 

[|2 /-\ | /|/]

https://twitter.com/i/web/status/1487142851238576134

It’s happening whether you like it or not.

 

[|2 /-\ | /|/]

When you filter out all the noise you see the truth and path towards a sustainable future.

Russian Government Agrees on Road Map to Regulate Crypto: Report

Government ministries and other official bodies agreed on principles for future crypto regulation. The Bank of Russia objects.

www.coindesk.com

 

[HungSowel]

The say crypto is volatile and they don’t know where it’s going...

View attachment 118290

Did you generate that plot or did you get that plot from someone else?

 

[sprite09]

The money you put into Bitcoin is not safe from value fluctuations. Bitcoin is a volatile investment. If you're looking for a “safe” investment with guaranteed returns, then don't invest in Bitcoin or any cryptocurrencies for that matter.

18:00 mark

smart dude, raw and no filter.

 

[fall]

People who want to invest in a speculative asset because they are betting it will go up should go ahead and do that.
People who claim "bitcoin is the future and will cause freedom for humanity" should be laughed at.

Unless they are saying it because they a betting on that speculative asset will go up and want to help it to go up by increasing demand

 

[LiveInTorontoPartyInMontreal]

Bitcoin was created : 1) Store of value , 2) hedge against inflation , 3) to eventually cut out financial intermediaries ( constantly gouging retail ). Biggest
Ponzi Scheme ever. Read about the "Greater Fool" before you buy in. Medium and long term play is the only way to play cryptocurrencies.

 

[sprite09]

Bitcoin was created : 1) Store of value , 2) hedge against inflation , 3) to eventually cut out financial intermediaries ( constantly gouging retail ). Biggest
Ponzi Scheme ever. Read about the "Greater Fool" before you buy in. Medium and long term play is the only way to play cryptocurrencies.

with long term, its essentially BTC and eth .which are up 27,000 and 350,000 percent, respectively, since their inception (2013 and 2015).

other altcoins are definitely short term plays, although an argument can be made this cycle is a bit different with more "serious" projects and likely to last longer, but that remains to be seen.

 

[LiveInTorontoPartyInMontreal]

A week and a half ago, half of the so called YouTube T/A experts were calling for Bitcoin to head back to the 50,000 - 52,000 area. The other half were calling
for a retracement back to 30,000 - 36,000 area. With all the lower volumes, Fed FUD and Ukraine/Russia FUD we're back to the 38,000 range. When we were at 45k I
would of bet my left hand that we were going back to the 50/52k area. But no, the manipulators and their AI trading Bots following set algos won out again . Most
crypto experts say we have to retrace 80 to 90% from 69,000 ATH's area to shake out all the weak hands and the rookie 100x leveraged day trader trying to blow his
brains out. Just imagine since the ATH's early November, billions and billions of dollars have been lost as the strong hands shakeout the weak hands of retail trying to supplement his income. These bear whales are relentless. We can't start rallying back up until after the Capitulation Stage, that is when the average Joe, like you and I throw in our towels and swear off crypto for good. We sell our $ 10,000 Bitcoin to the Elon Musks and then his whale friends all get into their coercion state and take Bitcoin back up to 100k or higher. They always have to ride the train for the max ride. When Bitcoin hits 100k, you and I go mortgage our house and FOMO in and buy at 101k and then Elon Musk calls all his friends and tell them it's time to rinse and repeat. Ah, the cycle of how the rich get richer. UGH .

 

[LiveInTorontoPartyInMontreal]

with long term, its essentially BTC and eth .which are up 27,000 and 350,000 percent, respectively, since their inception (2013 and 2015).

other altcoins are definitely short term plays, although an argument can be made this cycle is a bit different with more "serious" projects and likely to last longer, but that remains to be seen.

"Serious" projects like Solana, Polkadot, Chainlink and Cardano ( going to hit 0.92 cents in a minute from $ 3.09 ATH) are getting hammered right now. Is this current
Bull cycle about to extend like most market experts predict or did we already hit a double top and now we're in a true bear market ( for a year or two ? ) ?

 

[|2 /-\ | /|/]

A week and a half ago, half of the so called YouTube T/A experts were calling for Bitcoin to head back to the 50,000 - 52,000 area. The other half were calling
for a retracement back to 30,000 - 36,000 area. With all the lower volumes, Fed FUD and Ukraine/Russia FUD we're back to the 38,000 range. When we were at 45k I
would of bet my left hand that we were going back to the 50/52k area. But no, the manipulators and their AI trading Bots following set algos won out again . Most
crypto experts say we have to retrace 80 to 90% from 69,000 ATH's area to shake out all the weak hands and the rookie 100x leveraged day trader trying to blow his
brains out. Just imagine since the ATH's early November, billions and billions of dollars have been lost as the strong hands shakeout the weak hands of retail trying to supplement his income. These bear whales are relentless. We can't start rallying back up until after the Capitulation Stage, that is when the average Joe, like you and I throw in our towels and swear off crypto for good. We sell our $ 10,000 Bitcoin to the Elon Musks and then his whale friends all get into their coercion state and take Bitcoin back up to 100k or higher. They always have to ride the train for the max ride. When Bitcoin hits 100k, you and I go mortgage our house and FOMO in and buy at 101k and then Elon Musk calls all his friends and tell them it's time to rinse and repeat. Ah, the cycle of how the rich get richer. UGH .

You know your crypto well.

However there are 2 major factors you have omitted.

ETH POS
&
BTC halving

 

[LiveInTorontoPartyInMontreal]

You know your crypto well.

However there are 2 major factors you have omitted.

ETH POS
&
BTC halving

I've been following financial markets for 30 years and have only been following crypto since the May crash last summer and was very curious how Musk pumped/dumped DOGE and made a killing. I know very well that I can't beat the market and I can't beat the big boy whales, I just want to figure out what they're
doing and get on the bus and get off the bus and just make my fair share. Not sure of your ETH POS statement ? Please clarify , I just want to learn everything and hear others views. I got fooled by following YouTube T/A so called experts. They're just shills for certain coins or they're pumping ByBit or Phemex exchanges. I
can't believe I got fooled by all those Dubai clowns posting as technical analysis experts. Some of them are making millions just off of fools like moi clicking on their stupid click bait titles and videos. From each BTC halving to Bull Peak calculated by number of days : Bull Cycle 1 378 days, Bull Cycle 2 528 days, last BTC halving around 3/16/20, so just simple extrapolation of Bull Cycle 3 peak by my rough estimates if you believe in the theory of cycles extending themselves as we go further out, I would say fall of 2022 or later, we will hit some big Bitcoin numbers ( ETH and Alt coins to follow a little bit longer ) , and then get ready for the next bear cycle and try to time it and back up the truck when you think we hit near bottom. ( my cycle days are just rough estimates, I didn't have the exact BTC halving dates in front of me as we speak ).

https://colintalkscrypto.com/cbbi/ Everyone who believes we still have time to make some huge gains from Crypto please check out this page and go down to the graph which is based on about 11 metrics and for the the first 2 Bitcoin cycles , this Colin guy has been pretty bang on and claims we are not even half way to the bull peak yet. Hope everyone who reads this crypto thread makes some huge coin. Good luck all and feel free to add any of your own views /comments. This Colin guy thinks we still have lots of time to back up the truck and make some $$$.