Bitcoin / Cryptocurrency Discussion (And Predictions)

[socaldude]

https://kalshi.com/events/crypto

Interesting what Kalshi contracts are trading for on $BTC.

 

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[MJ DeMarco]

Kinda quiet in here, wonder why...

In the meantime, how much has your business grown?

How many more customers have you acquired?

How much $$ have you stacked atop your business valuation?

If you sold your company now, what's it worth?

Are you making money while you sleep?

Or, are you still patiently waiting and hoping for some miraculous price explosion with something you have absolutely no control over?

 

[Jon822]

Or, are you still patiently waiting and hoping for some miraculous price explosion with something you have absolutely no control over?

Jokes on you -- all I need are several strategic reincarnations and it's practically guaranteed crypto will make me rich.

To the moon!

 

[The Sandman]

I'm in for the long haul. Zooming out you can barely see the pullback. I think there's plenty of room to run, and it looks like 60k will be support.

View attachment 54798

Nice consolidation and testing support, getting ready for the next wave up. I draw lines because that's what I see experts do.

 

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[socaldude]

Someone in my social circle recently lost 50% of their life savings in crypto.

The guy is devastated.

I don’t offer my opinion on anything but is this really the same investing “regime” as they call it as the years previous?

 

[Ing]

Someone in my social circle recently lost 50% of their life savings in crypto.

The guy is devastated.

I don’t offer my opinion on anything but is this really the same investing “regime” as they call it as the years previous?

how did he do that? Leverage or scam?

 

[The Sandman]

https://twitter.com/i/web/status/1783404977576374720

View: https://twitter.com/naiivememe/status/1783404977576374720

 

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[Kevin88660]

Someone in my social circle recently lost 50% of their life savings in crypto.

The guy is devastated.

I don’t offer my opinion on anything but is this really the same investing “regime” as they call it as the years previous?

In this cycle, the young chaps who discuss “which is the coin that the retails will ape?”or “When the retails are coming in?” are the last guys holding the bags.

The retails, as well as many bigger institutional players are wiped out in 2022, still waiting for FTX liquidation.

 

[Ing]

Someone in my social circle recently lost 50% of their life savings in crypto.

The guy is devastated.

I don’t offer my opinion on anything but is this really the same investing “regime” as they call it as the years previous?

Ok, seems you have no answer.

Last week I bought BRETT, the first Base Memecoin and I „lost“ 50% of my investment. No, I didn’t. I would have, if I sold now.

Maybe, that’s the answer?

 

[NewManRising]

 

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[socaldude]

Ok, seems you have no answer.

Last week I bought BRETT, the first Base Memecoin and I „lost“ 50% of my investment. No, I didn’t. I would have, if I sold now.

Maybe, that’s the answer?

I'm gonna be a gentleman and respond and give an answer.

You're implying that I'm lying or kidding.

Huh? Losing 50% on $BTC is a mathematical impossibility?

Well, you just buy High and sell Low with greed or fear with both hands. You gamble and fall for the sensationalism on social media platforms. You think the price ain't going down, then it does, then it stays there for a long time.

You do that as a swing trade a few times and your trading career as crypto super star is well...not doing so well.

I know the guy, but I don't have his phone number so he can text over his trade settlements or screen shots. And I ain't gonna be a disrespectful douche and ask.

The point is, I'm just trying to be a good influence and help others learn from other people's mistakes.

We will see a big pullback in the markets this month or next month of April as it looks like the VIX wants to find a new floor.

Oh, and what's this? Looks like I was right again.

Yeah, I'm just a wannabe and a liar.

 

[GPM]

I want to look back on all this in a year and watch the 2020-21-22 chart look like a flat line. Kind of like how the last cycle made the one before it look like a flatish line.

I made one of my first ever FIAT to crypto trades the other day, WHAT A PAIN IN THE ARSE!!!!! No wonder there is so little adoption. It is a nightmare!

 

[Antifragile]

I want to look back on all this in a year and watch the 2020-21-22 chart look like a flat line. Kind of like how the last cycle made the one before it look like a flatish line.

I made one of my first ever FIAT to crypto trades the other day, WHAT A PAIN IN THE ARSE!!!!! No wonder there is so little adoption. It is a nightmare!

Walk us through it. If you made it through an exchange, was it really that bad?

I haven’t had big issues… just getting $$ to the exchange was time consuming.

 

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[GPM]

Tried to E-transfer money to coinbase (Canadian bank). Had the first one fail because it was over the limit I think. So I made a smaller one to test it, it went through instantly. So made a larger one. That "instant" transfer took like 3 hours.

Okay cash is on an exchange. Said exchange doesn't have the coin I want, so I buy LTC with my fiat poo coins. Now I own some LTC. I trade the LTC to the exchange I want it on.

LTC is now on XEGGEX exchange. I trade it for USDT, so that I can then trade into what I want. Now I own USDT. I trade my USDT into the coin I want.

Now I have the coin I want. I trade it off the exchange and into my own wallet.

Pain in the arse.