Crypto Crash
- Thread starter Darts
- Start date
Well at least the crypto "investors" still have half their "investment".
I lost my entire LottoMax "investment" last Friday.
I might have to go to The Niagara Stock Exchange to see if I can rebuild my portfolio. The older, wiser generation go there at the encouragement of the Ontario Government, so there must be something good going on that I should get into.
I lost my entire LottoMax "investment" last Friday.
I might have to go to The Niagara Stock Exchange to see if I can rebuild my portfolio. The older, wiser generation go there at the encouragement of the Ontario Government, so there must be something good going on that I should get into.
They should be triple hoovering up these obviously and grievously undervalued, black hole, vacuum assets.
Buy, buy, buy! ...... there is never, ever a wrong time to buy!!!
My recommendation is this:
With each subsequent 10% decline from the current 55% decline, use 10% of your total assets to purchase another 10%. Repeat after each other subsequent 10% decline till your crypto asset value and total net worth and life energy hits ZERO.
Get rich, catch a falling knife.
With each subsequent 10% decline from the current 55% decline, use 10% of your total assets to purchase another 10%. Repeat after each other subsequent 10% decline till your crypto asset value and total net worth and life energy hits ZERO.
Get rich, catch a falling knife.
I suspect the early "investors (scammers?)" have already cashed out.
Can't imagine the USD and/or CAD ever lose over 50% of its value.
Can't imagine the USD and/or CAD ever lose over 50% of its value.
USD, CAD and other government currencies will not lose value over a short period of time because the government, and, to some extent, banks have artificial mechanisms. Over time, USD/CAD etc. have lost purchasing power. Read here: https://elements.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/
The issue with Crypto is that it's more responsive to overall market conditions - both sharp increases and declines happen more often. If you compare crypto prices beyond the 6 months - let's say 12, 18 or 24 months, and look at weekly average prices (instead of hourly candle stick graphs), you will see the growth, resistance and value.
Stablecoins supposedly pegged to the USD at a 1:1 ratio. UST ( Terra traded down to 30 cents this am with everyone getting out at the same time). Terra's crypto coin is LUNA and it was $ 115 just five weeks ago, it hit 81 cents this am. Yikes ! Wait till LUNA starts selling all of its collateral Bitcoin on the open market. Billions ! Armageddon coming or big buying opportunity ? Remember, it's a zero sum game 
Except institutions are buying it up. Remember for it to sell someine has to buy it. Now why would banks and large investment houses pick it up........
Don't forget the institutions ( the smart money/strong hands) are buying it on the bid side, that means the price will keep dropping. One of the few remaining technical supports is $ 29,500 ( July 2021 lows where we bounced right back ) . This is real , Solana is off like 31% from yesterday. Many altcoins are dropping to zero , who knows if they will recover ? I know the market experts tell us to expect an 80 to 90% pullback and Bitcoin is probably sitting at 50% now. . . . Hold on to your hats ! A year ago tomorrow is when the bears crashed the market . . . Hmmmmm ?
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This morning around 8:30am EST Bitcoin crashed to around $ 29,000 and all the bottom feeders who had their GTC orders in got filled and the market shot up $3,000 in no time. The dumb money is on the other end of the trade every time. If there were no Algos, or AI or leveraged trading , Bitcoin would theoretically be sitting at $ 1MM by now. The highly leveraged ( 50 to 100x) day traders ruin the digital currency market for all. UGH .
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I will start buying more at $18/19k. If it breaks this it’s then pretty bad IMO. I am prepared for this level. I will still not sell but will feel like shit holding it below $18k. I hear Michael Saylor Will get margined at $21k. BTW it’s not only crypto that’s crashing ffs you people are out to lunch who buy this FUD and echo it crypto.https://fortune.com/2022/05/04/michael-saylor-microstrategy-margin-call-bitcoin/
fortune.com
A Bitcoin margin call. If the world’s leading cryptocurrency drops below $21,000, Michael Saylor’s MicroStrategy will be forced to pay up. | Fortune
Bitcoin just sank under $24,000. If it drops below $21,000, Michael Saylor's MicroStrategy will be forced to pay a Bitcoin margin call worth millions.
Because the markets treat it as a commodity, not a currency. Investors think it’s a currency.
Only you can stop Crypto Fires. Invest heavily now.
- This message has been brought to you by the firefighters of America…. At least the ones that invested in crypto trying to get rich and are getting hosed.
My hands are all bloody, shredded and minced flesh, sinew and gristle trying to catch this falling crypto knife.
I know, just know through listening ad nauseum to the crypto gurus on this board for centuries that the opportunity of the ages is now approaching to re-re-re-get in on the ground floor of a new crypto millennium as it approaches ground zero.
Buy, buy, buy now! ..... hurry up before it reaches ground zero!
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