Steeles Royal

Crypto Crash

Darts

Well-known member
Jan 15, 2017
23,042
11,211
113
"One of the world’s biggest lenders of cryptocurrency has paused all withdrawals from its platform as the market meltdown continues apace.

The Celsius Network, which has 1.7 million customers, said on Monday that “extreme market conditions” had forced it to temporarily halt all withdrawals, crypto swaps and transfers between accounts."
 

Anbarandy

Bitter House****
Apr 27, 2006
10,684
3,206
113
"One of the world’s biggest lenders of cryptocurrency has paused all withdrawals from its platform as the market meltdown continues apace.

The Celsius Network, which has 1.7 million customers, said on Monday that “extreme market conditions” had forced it to temporarily halt all withdrawals, crypto swaps and transfers between accounts."
No way.

Catching a free falling machete is a time tested and proven TERB crypto genius, "get rich beyond ur wildest dreams" modern man, new age strategy.

Leave the "old man" behind, become a "new age man" and BUY, BUY, BUY.... there never is a bad time to BUY!
 

fall

Well-known member
Dec 9, 2010
2,742
681
113
Yes, I can. Other than being too lazy to do research on the successful long-term Alpha and Beta history of managers, why would anyone just toss a dart at an index with no fundamental analysis? Makes no sense to me. But I'm a nerd with a CPA background and 40 years in the investment business, what do I know?
I can answer this question. Because there are many competing arbitrage traders (who provide liquidity) and speculators (who do the fundamental analysis), and, as a result, your own fundamental analysis (if you take into account the selection bias in your data collection/analysis) will have very little affect on your buying decision. You studied too much of Accounting and two little of Finance.
 

guyfromtdot

Active member
Jul 6, 2015
173
26
28
No, it wasn't hard.
It was obvious from the start, I just don't understand the point.
If you want to argue that El Salvador is the future of Bitcoin just say that.

GDP up 10%
Foreign investment up 65%
And revenue from tourism up 30% would you call that a failure?



 

fall

Well-known member
Dec 9, 2010
2,742
681
113
if BTC drops to 22k i would buy more. for now i'm sitting it out and just watching. It hurts to lose so much cash on crypto and stock but what can you do? #Diamondhands
So, it is below $22K now. Did you buy more?
 

LiveInTorontoPartyInMontreal

Well-known member
Feb 23, 2008
2,465
910
113
The day the novice day traders and the taxi drivers sell their $ 100 positions, the market will drop another 5 or 10k and that'll be close to where the bottom is finally
reached. We could be in the single digits by then, let's say $ 9,000 area. . :oops:
 

Darts

Well-known member
Jan 15, 2017
23,042
11,211
113
It was fun while it lasted. Easy come, easy go. Feel sorry for the latecomers.
 

LiveInTorontoPartyInMontreal

Well-known member
Feb 23, 2008
2,465
910
113
Will take ages to recoup FOMO buys of BTC / ETH at $ 69,000 / $ 4,800 respectively. And crypto analysts are calling for another 10 to 15% drop before we bottom out and head back the other way. UGH . . . :oops: :unsure: ( I'm still kicking myself for following certain YouTubers who are so called BTC experts. They're nothing more than terrible actors and used car salesman. I can't believe it took me 6 months to figure it out. They just want me to click on their stupid referral links. )
 

Darts

Well-known member
Jan 15, 2017
23,042
11,211
113
( I'm still kicking myself for following certain YouTubers who are so called BTC experts. They're nothing more than terrible actors and used car salesman. I can't believe it took me 6 months to figure it out. They just want me to click on their stupid referral links. )
Old Irish proverb: "It's a lesson too late for the learning. Made of sand, made of sand."

However, you still have time to recover if you are young.
 

fall

Well-known member
Dec 9, 2010
2,742
681
113
The day the novice day traders and the taxi drivers sell their $ 100 positions, the market will drop another 5 or 10k and that'll be close to where the bottom is finally
reached. We could be in the single digits by then, let's say $ 9,000 area. . :oops:
single digit is $9, not $9,000.
 

Valcazar

Just a bundle of fucking sunshine
Mar 27, 2014
32,427
59,811
113
Is $0 the absolute bottom? Or, are there liabilities beyond that?
I don't see how it could go below zero.
(I don't expect it to ever get there, especially bitcoin. There will always be some people who want it.)
 
Ashley Madison
Toronto Escorts