Miner capitulation is happening. Decoupling from the Nasdaq is occuring. The credit system is under immense pressure, bonds are imploding. Bitcoin will soon pump and i hope yall are in for the ride, its gonna be a blast
Crypto Crash
- Thread starter Darts
- Start date
see, I dont even agree with this. The only way i can see any kind of decoupling that many moonboys are hoping for is if the SEC approves the GBTC as an ETF (but looks like they will reject it again) or there's some sort of regulation that'll enable real institutional money to get into the space, which is what Kevin O'Leary has repeatedly said as well as Igor Makarov ('Blockchain Analysis of the Bitcoin Market' — https://www.nber.org/papers/w29396). When will some sort of regulation start happening? O'Leary suspects after the November midterms.
Last edited:
I could care less about guys who have alphabet soup behind their names--I've worked with some and some of them are the stupidest people ever I've ever met (gotta love education nowadays!). And it doesn't mean anything for these hedge funds--and, like you and I agree, they can't even beat the equity markets consistently over the long-run depsite all their smarts and capital.You do not even realize how naive and funny your arguments are for someone with basic Finance knowledge. Order types. Year, I bet if you learn what stop-loss order is, you are able to concur the market. Those pure schmucks at large hedge funds with all their MBA and financial engineering degree (who operate with more than 50% of all assets allocated or considered to be allocated at crypto) should lose money because you developed your own strategy and know how to place limit orders. You are the living example of an overconfident "investor" who becomes even more overconfident following the 10-year increase (really a short time) of a ponzi-type asset price with small probability of hitting zero. And this probability will realize over the long-term horizon where all the money will be lost, meaning that for you to benefit you must find the "final" idiot to sell it to, and, it seems you believe these idiot is not you but one of these guys with fancy finance degrees. Good luck
First, I dont plan to stay into crypto eternally, and if you had read my messages carefully, this isn't a long-term play for me. Chances are BTC will likely hit its previous ATH (69K USD) or even 100K in the short-to medium term. And, I don't even need it to reach its previous ATH due to DCAing out.
Not to mention that, as I've repeatedly mentioned, DCA in, hold, and DCA out strategy is not fucking rocket science. The problem with many guys in crypto is that they're hoping for a 5x, 10x, etc (which is obviously possible in crypto) and attempt to sell all their holdings at once.
My problem with crypto is not just that it's a complete Ponzi scheme. It's all the crook. There has been many story like this one:
www.cnn.com
'Cryptoqueen' Ruja Ignatova added to FBI most-wanted list over OneCoin scheme | CNN Business
A German citizen accused of defrauding investors out of $4 billion by selling a fake cryptocurrency called OneCoin has been added to the FBI's list of its ten most-wanted fugitives, US officials said on Thursday.
www.cnn.com
In my view, crypto is a scam from day one. Only the fools and greeds believe in the crypto as if they are god to safe mankind from being broke and poverty.
I'm not--Dunning Kruger effect, look it up. Or, you'll just say, "I don't need to."
At the end of the day, everyone has a different investment/trading philsophopy and risk tolerance. Crypto is not for everyone, and I will say even stocks are not for everyone (hence why many people don't have enough for retirement, but many still do as a result of their ESOP).My problem with crypto is not just that it's a complete Ponzi scheme. It's all the crook. There has been many story like this one:
'Cryptoqueen' Ruja Ignatova added to FBI most-wanted list over OneCoin scheme | CNN Business
A German citizen accused of defrauding investors out of $4 billion by selling a fake cryptocurrency called OneCoin has been added to the FBI's list of its ten most-wanted fugitives, US officials said on Thursday.
In the end, do what you makes you feel comfortable and sleep at night--I don't think anybody can argue with that.
Kinda sounds like the stock market, LOL.
At the end of the day, everyone has a different investment/trading philsophopy and risk tolerance. Crypto is not for everyone, and I will say even stocks are not for everyone (hence why many people don't have enough for retirement, but many still do as a result of their ESOP).
In the end, do what you makes you feel comfortable and sleep at night--I don't think anybody can argue with that.
Crypto was driven by the tax haven Bank of Luxembourg. Everything was hunky dory as long as the PRC was willing to mine it, they banned it. It was sucking up too much electrical power, the Chinese population was beginning to resent it. Texas has the largest crypto mining center in Ft Worth. Governor Abbott has placed the blame on windmills for the electrical meltdown of the Winter of 2021, he doesn't want it getting out that crypto mining caused it.
It's an environmentally destructive Ponzi Scheme driven by Oligarchs. As long as money circulates there will always be around.
It's an environmentally destructive Ponzi Scheme driven by Oligarchs. As long as money circulates there will always be around.
Last edited:
The Dunning Kruger effect has you investing into the world's biggest pyramid scheme. Good job.
