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      12-13-2022, 08:53 PM   #111
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This dude right here...
https://news.bitcoin.com/report-befo...g-stablecoins/
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      12-13-2022, 11:40 PM   #112
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Sam Bankman-Fried written hilarious and frightening responses regarding the collapse of FTX is just the tip of the iceberg regarding just how poorly managed and regulated the crypto system is.
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      12-17-2022, 02:44 PM   #113
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And now there's this...
https://www.cnbc.com/2022/12/16/maza...cryptocom.html
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      12-17-2022, 11:23 PM   #114
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"The move comes as major cryptocurrency exchanges look to prove their solvency, and show they have enough money to cover customer withdrawals."


This is a confusing statement/request.
'Investors' in altcoins exchanged one currency for the prospect of another ... the claim is that altcoins are a new form of currency. Or that's what my understanding is.
So are they selling coins that don't exist and won't ever exist?
I doubt that, mostly.
So what they are pissed about is that the exchange rate for buying coins has dropped?
That too seems of because the exchange rate of many currencies fluctuates. The exception to altcoins is that there is a fixed number of them available and that is where the demand value/exchange rate comes from ... the less available Bitcoins the more valuable they are if you want one.

I mean it's not like there's enough printed currency in the US to cover much of anything. If any one of the ultra rich decides to take the cash option ...
And it's not like the us Gov't can pay any of it's debts with printed money either.

I'm not saying coins are a total scam. Just that if a ratings company is going to judge they need to do so with a level playing field. Currency vs currency.
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      12-20-2022, 03:55 AM   #115
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      12-20-2022, 05:43 AM   #116
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Originally Posted by Nachbar View Post
��
All joking aside, do you really think shitcoins really are an investment rather than a pure gamble that hopefully takes hold with the HODL, to the moon, we like this *&(*&, FUD crowd?
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      12-20-2022, 06:09 AM   #117
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All joking aside, do you really think shitcoins really are an investment rather than a pure gamble that hopefully takes hold with the HODL, to the moon, we like this *&(*&, FUD crowd?
99.999% of all Shitcoins are pure gamble and/or scams.
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      12-20-2022, 06:12 AM   #118
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Originally Posted by Nachbar View Post
99.999% of all Shitcoins are pure gamble and/or scams.
Except the ones you put your $ in right?
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      12-20-2022, 07:25 AM   #119
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Except the ones you put your $ in right?
No, those are gambling as well. But I’m pretty confident, they will do great. But hey, I „invest“ much less in gambling, then in Bitcoin.
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      12-28-2022, 07:34 AM   #120
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Personally, I'm not investing in cryptos at the moment because of the recent decline in exchange rates. I also have concerns about their long-term stability and value since any physical asset or government does not back them. I know some people have made a lot of money with cryptos, but I also know that there have been some big losses and scams involved in the crypto market. So, for now, I'm taking a wait-and-see approach. Instead, I've decided to download mt5 for android and start learning more about traditional trading and investing. Diversifying and having a mix of different assets in your portfolio is always good.

Last edited by LazyMadis; 01-06-2023 at 05:48 AM..
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      12-30-2022, 09:57 PM   #121
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      12-31-2022, 01:12 AM   #122
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      01-14-2023, 02:34 AM   #123
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Good Morning Friends
Daily 200 MA reclaimed and EMA Ribbon green.
Full Bull Mode On!
Hope you filled your bags.
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      01-14-2023, 02:56 AM   #124
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In case, you’re still bearish.
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      01-14-2023, 05:10 AM   #125
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Can you provide 5 legitimate, non-meme supported reasons why you invest in crypto?
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      01-14-2023, 07:17 AM   #126
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Originally Posted by 2008M36MT View Post
Can you provide 5 legitimate, non-meme supported reasons why you invest in crypto?
I only give you one reason. Every FIAT Currency is going to zero eventually. Every. Single. One.
Or can you find me one, that doesn’t trend down?

For clarification. I have waaaay too much FIAT lying on Swiss Bank Accounts. So I‘m a FIAT dummy too. But that’s mainly because I’m married 😉 I prooved this to my wife recently. But you know, what I say, must be wrong. Thats a principal. Even, when I told her, we should install Solar Panels on the roof in Summer 2021. I said , it’s like an insurance, if Electricity Costs skyroket for any reason, one time. No one was talking about war then. I was clueless too. But I like insurances generally.
Bitcoin to me, is an insurance. Just one single Bitcoin may rescue your family one day. And what’s the risk really?

Not financial advice, of course. I only post, what I do. DYOR!

Oh I forgot to mention. My Wife has to pay the Electricity Bills this year 😁
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      01-14-2023, 07:20 AM   #127
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This one hour Bitcoin Chart is sooo sexy 😍
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      01-14-2023, 07:23 AM   #128
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Quote:
Originally Posted by Nachbar View Post
In case, you’re still bearish.
Quote:
Originally Posted by Nachbar View Post
In case, you're still bearish.


Garbage
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Sounds pizzagatey.
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      01-14-2023, 07:40 AM   #129
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Originally Posted by floridaorange View Post


Garbage
Funny chart 😁
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      01-14-2023, 08:00 AM   #130
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Quote:
Originally Posted by Nachbar View Post
I only give you one reason. Every FIAT Currency is going to zero eventually. Every. Single. One.
Or can you find me one, that doesn’t trend down?

For clarification. I have waaaay too much FIAT lying on Swiss Bank Accounts. So I‘m a FIAT dummy too. But that’s mainly because I’m married 😉 I prooved this to my wife recently. But you know, what I say, must be wrong. Thats a principal. Even, when I told her, we should install Solar Panels on the roof in Summer 2021. I said , it’s like an insurance, if Electricity Costs skyroket for any reason, one time. No one was talking about war then. I was clueless too. But I like insurances generally.
Bitcoin to me, is an insurance. Just one single Bitcoin may rescue your family one day. And what’s the risk really?

Not financial advice, of course. I only post, what I do. DYOR!

Oh I forgot to mention. My Wife has to pay the Electricity Bills this year 😁
I don’t want to get into a debate, because we both know that it won’t go anywhere, except to say if the one reason is that every FIAT currency will eventually go to zero, first consider when that eventually is, then consider the state of the world in the event of that eventuality, it will be anarchy, and BTC is unlikely to be widely adopted enough to be its savior. Also consider that a highly unregulated, speculative “currency” is as likely to collapse as any FIAT currency. Corporations like Enron were also black boxes, as is every Ponzi scheme, and look where Every.Single.One. ends up. Collapsed. In fact, you can see how corrupt these currencies and exchanges are, one after another is starting to collapse. Plus people are making these coins up as they go along, nobody can agree which is the future. I’m honestly shocked that people want to risk everything they own on this stuff, but to each their own. All of this to say that if the “eventual” collapse of the existing monetary system is your one reason, I’ll wait out that eventuality. Despite the status quo’s challenges, its worked well enough for me. Good luck.
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      01-14-2023, 08:07 AM   #131
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Quote:
Originally Posted by 2008M36MT View Post
I don’t want to get into a debate, because we both know that it won’t go anywhere, except to say if the one reason is that every FIAT currency will eventually go to zero, first consider when that eventually is, then consider the state of the world in the event of that eventuality, it will be anarchy, and BTC is unlikely to be widely adopted enough to be its savior. Also consider that a highly unregulated, speculative “currency” is as likely to collapse as any FIAT currency. Corporations like Enron were also black boxes, as is every Ponzi scheme, and look where Every.Single.One. ends up. Collapsed. In fact, you can see how corrupt these currencies and exchanges are, one after another is starting to collapse. Plus people are making these coins up as they go along, nobody can agree which is the future. I’m honestly shocked that people want to risk everything they own on this stuff, but to each their own. All of this to say that if the “eventual” collapse of the existing monetary system is your one reason, I’ll wait out that eventuality. It’s worked well enough for me. Good luck.
I agree with you, nothing is certain.
But you are ok, that your FIAT is loosin value so extremely fast? I don’t like it at all.
And I wrote, that Bitcoin (NOT Cryptos in general!), is an insurance for me.
And I put only a fraction in this insurance (like any insurance).
But you’re saying, I (and/or) others are putting life savings in it. That’s not me. Hope you got that right.
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      01-14-2023, 08:30 AM   #132
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Quote:
Originally Posted by Nachbar View Post
I agree with you, nothing is certain.
But you are ok, that your FIAT is loosin value so extremely fast? I don’t like it at all.
And I wrote, that Bitcoin (NOT Cryptos in general!), is an insurance for me.
And I put only a fraction in this insurance (like any insurance).
But you insist, I (and/or) others are putzing life savings in it. That’s not me. Hope you got that right.
You’re contradicting yourself. Your initial statement was that FIAT will eventually collapse, now you’re saying losing value EXTREMELY fast. Sorry but I don’t think the USD will be collapsing anytime soon. There’s enough value for me to live on for my lifetime. Can you tell me the same for BTC? Ask those 3rd world countries that adopted it how they’re doing.

No “smart” money wants anything to do with cryptocurrency. Cryptocurrency is generational. I suspect if you look at the correlation between age and crypto ownership, you’ll see that it’s the tail end of millennials and on that primarily own and believe in cryptocurrency. Incidentally, those are the same people that have less knowledge and education about markets, investing currencies/monetary policy, geopolitics and so on. They are probably the same investors who believe in meme stocks like GME. You don’t even need to be a sophisticated investor to know exactly where GME and BBBY will end up, certainly not at the moon, but the kids prefer to HODL, DRS, diamond hand and so on. A few months ago a few high school kids whose parents were renting the house next door wanted to look at my cars, so they started asking me what I do and if I invest. Then proceeded to tell me that they didn’t want to work but rather investing in BTC. I asked them to explain how it works and who uses it, they had no clue. Guaranteed, sometime soon they will open up Robinhood accounts to buy DOGE because the moon. I really think the vast majority of crypto investors are the same.
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