Semi OT: Anyone lose money in the crypto crash?

[refshateRaps]

Quiet here now. Odd? Hope some of y'all are using the public ritual to make big time money?

BTC saw the 1st leg up...
17K to 21.5K since last post
15.5K-21.5K since OP called bottom

2nd leg should be a bit bigger and likely very soon in the coming days/weeks (30-36K area maybe?)

3rd leg after that one should be simply massive

Most retail is paralyzed, doubtful or tapped out of the game... Kinda expecting the first 2 legs up should be done fairly quick to get eyes back in setting-up a massive FOMO leg to sell into the herd of retail buyers.

But what do I know? Just playing in the devils playground the way I see it.

Best of luck to all here

hmm.....i'm no financial expert, nor have any idea where it could go.

There's three scenarios in the next few months I think (USD by the way)
1) Shoot up to 25k and beyond
Quite unlikely....the economic outlook isn't too good honestly, and really vulnerable to bad news

2) Hover between 18-24k
Good chance it will. Bottom could possibly be in, so it may ping pong approx this range

3) Drop below 18k
ya crap hits the fan completely...absolutely.....

Note: There's a lot of risks. the industry as a whole is more mature, but very volatile.
Please note what you can afford to lose, and act accordingly.

Always good advice at anytime in the market and no one is a financial expert. You have to do you own study and follow your gut... From my view risk was 1-2 years ago. Not now. They shook out the herd with the FTX ritual to pump into the minds of the masses at THE bottom and now its go time.

Add option 4. My expectation

4) We are going back to ATH very quick this year.

Wouldn't be shocked to see 25K-35K in the next couple weeks, then a pull back to add some fear (likely more FTX news gets pumped during this period) before bringing back in retail FOMO to ATH.

[2bmrap]

All these various ponz..err crypto products are miserable stores of value and with no more free credit will race to the bottom if anything.

Quiet here now. Odd? Hope some of y'all are using the public ritual to make big time money?

BTC saw the 1st leg up...
17K to 21.5K since last post
15.5K-21.5K since OP called bottom

2nd leg should be a bit bigger and likely very soon in the coming days/weeks (30-36K area maybe?)

3rd leg after that one should be simply massive

Most retail is paralyzed, doubtful or tapped out of the game... Kinda expecting the first 2 legs up should be done fairly quick to get eyes back in setting-up a massive FOMO leg to sell into the herd of retail buyers.

But what do I know? Just playing in the devils playground the way I see it.

Best of luck to all here

hmm.....i'm no financial expert, nor have any idea where it could go.

There's three scenarios in the next few months I think (USD by the way)
1) Shoot up to 25k and beyond
Quite unlikely....the economic outlook isn't too good honestly, and really vulnerable to bad news

2) Hover between 18-24k
Good chance it will. Bottom could possibly be in, so it may ping pong approx this range

3) Drop below 18k
ya crap hits the fan completely...absolutely.....

Note: There's a lot of risks. the industry as a whole is more mature, but very volatile.
Please note what you can afford to lose, and act accordingly.

Always good advice at anytime in the market but risk was 1-2 years ago. Not now. They shook out the herd with the FTX ritual to pump into the minds of the masses at THE bottom and now its go time.

Add option 4. My expectation

4) We are going back to ATH very quick this year.

Wouldn't be shocked to see 25K-35K in the next couple weeks, then a pull back to add some fear (likely more FTX news gets pumped during this period) before bringing back in retail FOMO to ATH.

[shefcurry]

Crypto was a speculative vehicle for excess liquidity during a pre-inflation time where moeny was handed out on silver plates and people were locked away at home with nothing to do but speculate.

Now that the bubble has burst in spectacular fashion, no institutionals are touching crypto with a 100 foot pole. That's where the big money is. Not $100 here and there from genZ'ers.

If you're putting your money in now, you're just donating it to the exchanges.

There is literally no way it gets back to ATH levels anytime soon.

[refshateRaps]

All these various ponz..err crypto products are miserable stores of value and with no more free credit will race to the bottom if anything.

hmm.....i'm no financial expert, nor have any idea where it could go.

There's three scenarios in the next few months I think (USD by the way)
1) Shoot up to 25k and beyond
Quite unlikely....the economic outlook isn't too good honestly, and really vulnerable to bad news

2) Hover between 18-24k
Good chance it will. Bottom could possibly be in, so it may ping pong approx this range

3) Drop below 18k
ya crap hits the fan completely...absolutely.....

Note: There's a lot of risks. the industry as a whole is more mature, but very volatile.
Please note what you can afford to lose, and act accordingly.

Always good advice at anytime in the market but risk was 1-2 years ago. Not now. They shook out the herd with the FTX ritual to pump into the minds of the masses at THE bottom and now its go time.

Add option 4. My expectation

4) We are going back to ATH very quick this year.

Wouldn't be shocked to see 25K-35K in the next couple weeks, then a pull back to add some fear (likely more FTX news gets pumped during this period) before bringing back in retail FOMO to ATH.

There are alot of serious PONZ schemes in the market. The entire market is somewhat of a PONZ scheme in various degrees.

Crytpo is one of the furthest things from that outlook. Zoom out on BTC on the chart. I get people get scared on pull backs and they have mechanism now with the news and social media to seed more fear and doubt into the minds of many but this was an obvious steal and bottom to locate.

Like anything that can help control population there will be value, the powers at be have great plans for crypto whether I or we like it or not. Market games and pullbacks aside the only way to build the infrastructure and to get buy-in is to keep it valuable and have influencers pump make it seem sexy. They only use bad-guy 'influencer' lightning rod puppets to make it look unsexy when they want to thin the heard so they can load up and shake retail. Again this bottom was as straight forward as they come. It's simply what they do.

TBH crypto scares me, but it isnt going anywhere whether I like it or not so I'm here to make some coin.

[anotherhomer]

my one last thought is that i agree it's really risky

lots of bad actors, scams, frauds, dubious coins
I say this though....pick the right ones, can go well but pick the wrong ones would be really bad.
There's more right ones available now but be careful, and know your risk tolerance.

All these various ponz..err crypto products are miserable stores of value and with no more free credit will race to the bottom if anything.

hmm.....i'm no financial expert, nor have any idea where it could go.

There's three scenarios in the next few months I think (USD by the way)
1) Shoot up to 25k and beyond
Quite unlikely....the economic outlook isn't too good honestly, and really vulnerable to bad news

2) Hover between 18-24k
Good chance it will. Bottom could possibly be in, so it may ping pong approx this range

3) Drop below 18k
ya crap hits the fan completely...absolutely.....

Note: There's a lot of risks. the industry as a whole is more mature, but very volatile.
Please note what you can afford to lose, and act accordingly.

Always good advice at anytime in the market but risk was 1-2 years ago. Not now. They shook out the herd with the FTX ritual to pump into the minds of the masses at THE bottom and now its go time.

Add option 4. My expectation

4) We are going back to ATH very quick this year.

Wouldn't be shocked to see 25K-35K in the next couple weeks, then a pull back to add some fear (likely more FTX news gets pumped during this period) before bringing back in retail FOMO to ATH.

[shefcurry]

Any asset class where you put in cash, but then have the exchanges freeze withdrawals if they're illiquid, is not an asset class you want your money anywhere near. Get rich quick = get poor quicker

[Johnny Bball]

Any asset class where you put in cash, but then have the exchanges freeze withdrawals if they're illiquid, is not an asset class you want your money anywhere near. Get rich quick = get poor quicker

https://en.wikipedia.org/wiki/Quadriga_Fintech_Solutions#:~:text=According%20to%20an%20affidavit%20by,deceased%20CEO%20had%20access%20to.

Specifically in Canada...

[shefcurry]

Any asset class where you put in cash, but then have the exchanges freeze withdrawals if they're illiquid, is not an asset class you want your money anywhere near. Get rich quick = get poor quicker

https://en.wikipedia.org/wiki/Quadriga_Fintech_Solutions#:~:text=According%20to%20an%20affidavit%20by,deceased%20CEO%20had%20access%20to.

Specifically in Canada...

Oh yes. I have a BTC in that wallet which I will never see again. Plus about $20k in software development fees for a project tied into their API which also went up in smoke. Lessons learned early.

[load management]

Any asset class where you put in cash, but then have the exchanges freeze withdrawals if they're illiquid, is not an asset class you want your money anywhere near. Get rich quick = get poor quicker

don't leave it on an exchange...

Sent from my M2012K11AG using RealGM mobile app

[KL78192020]

Any asset class where you put in cash, but then have the exchanges freeze withdrawals if they're illiquid, is not an asset class you want your money anywhere near. Get rich quick = get poor quicker

don't leave it on an exchange...

Sent from my M2012K11AG using RealGM mobile app

So similar to hiding cash under your mattress because you don't trust banks. Yea doesn't sound like a great use case for anything in the future, other than pure speculation to make a buck.

[load management]

Any asset class where you put in cash, but then have the exchanges freeze withdrawals if they're illiquid, is not an asset class you want your money anywhere near. Get rich quick = get poor quicker

don't leave it on an exchange...

Sent from my M2012K11AG using RealGM mobile app

So similar to hiding cash under your mattress because you don't trust banks. Yea doesn't sound like a great use case for anything in the future, other than pure speculation to make a buck.

yes quite similar to cash in the sense that you can finalize a transaction instantly without a middleman, except you wouldn't have to fly to a different country with a briefcase full of it. It gets transferred digitally! But that is just one tiny aspect about the Blockchain related to the specific "currency" use case. There is a lot to learn!

Sent from my M2012K11AG using RealGM mobile app

[shefcurry]

don't leave it on an exchange...

Sent from my M2012K11AG using RealGM mobile app

So similar to hiding cash under your mattress because you don't trust banks. Yea doesn't sound like a great use case for anything in the future, other than pure speculation to make a buck.

yes quite similar to cash in the sense that you can finalize a transaction instantly without a middleman, except you wouldn't have to fly to a different country with a briefcase full of it. It gets transferred digitally! But that is just one tiny aspect about the Blockchain related to the specific "currency" use case. There is a lot to learn!

Sent from my M2012K11AG using RealGM mobile app

You're right. It's a lot like flying with a briefcase of cash. Here are the similarities:

1. If someone steals your briefcase, you're SOL and have zero recource. Just like crypto
2. You still have to convert the cash from your currency a local currency when you get to the foreign country, because the grocery store and gas station won't accept your foreign cash.
3. You have to find someone willing and able to accept a briefcase of cash and convert it to the local currency, which most reputable places won't do.
4. For someone to convert the currency, they're gonna take a cut.
5. The person converting your briefcase of foreign cash is probably operating outside the law and could be shady as f*ck. They might just choose to help themselves the cash in your briefcase (cough... FTX...).
5. If you're moving large sums of money between countries in a briefcase of cash, you're probably committing a crime.

This is not progress.

[KL78192020]

Quiet here now. Odd? Hope some of y'all are using the public ritual to make big time money?

BTC saw the 1st leg up...
17K to 21.5K since last post
15.5K-21.5K since OP called bottom

2nd leg should be a bit bigger and likely very soon in the coming days/weeks (30-36K area maybe?)

3rd leg after that one should be simply massive

Most retail is paralyzed, doubtful or tapped out of the game... Kinda expecting the first 2 legs up should be done fairly quick to get eyes back in setting-up a massive FOMO leg to sell into the herd of retail buyers.

But what do I know? Just playing in the devils playground the way I see it.

Best of luck to all here

hmm.....i'm no financial expert, nor have any idea where it could go.

There's three scenarios in the next few months I think (USD by the way)
1) Shoot up to 25k and beyond
Quite unlikely....the economic outlook isn't too good honestly, and really vulnerable to bad news

2) Hover between 18-24k
Good chance it will. Bottom could possibly be in, so it may ping pong approx this range

3) Drop below 18k
ya crap hits the fan completely...absolutely.....

Note: There's a lot of risks. the industry as a whole is more mature, but very volatile.
Please note what you can afford to lose, and act accordingly.

Always good advice at anytime in the market and no one is a financial expert. You have to do you own study and follow your gut... From my view risk was 1-2 years ago. Not now. They shook out the herd with the FTX ritual to pump into the minds of the masses at THE bottom and now its go time.

Add option 4. My expectation

4) We are going back to ATH very quick this year.

Wouldn't be shocked to see 25K-35K in the next couple weeks, then a pull back to add some fear (likely more FTX news gets pumped during this period) before bringing back in retail FOMO to ATH.

why is it going to all time highs this year?

[Slade3]

First of all, i didn't invest a dime into crypto. Also, i dont want to be a party pooper but...
some people come around here to escape their every day life, relax, and talk some basketball. Perhaps they wouldn't enjoy coming in and be reminded they lost a boat load of hard earned money just now.

You're not being forced into clicking this thread.

[whatamoron]

Back in the day i put most of my savings into Bre-x where i eventually cashed out and invested in Nortel Networks

[refshateRaps]

hmm.....i'm no financial expert, nor have any idea where it could go.

There's three scenarios in the next few months I think (USD by the way)
1) Shoot up to 25k and beyond
Quite unlikely....the economic outlook isn't too good honestly, and really vulnerable to bad news

2) Hover between 18-24k
Good chance it will. Bottom could possibly be in, so it may ping pong approx this range

3) Drop below 18k
ya crap hits the fan completely...absolutely.....

Note: There's a lot of risks. the industry as a whole is more mature, but very volatile.
Please note what you can afford to lose, and act accordingly.

Always good advice at anytime in the market and no one is a financial expert. You have to do you own study and follow your gut... From my view risk was 1-2 years ago. Not now. They shook out the herd with the FTX ritual to pump into the minds of the masses at THE bottom and now its go time.

Add option 4. My expectation

4) We are going back to ATH very quick this year.

Wouldn't be shocked to see 25K-35K in the next couple weeks, then a pull back to add some fear (likely more FTX news gets pumped during this period) before bringing back in retail FOMO to ATH.

why is it going to all time highs this year?

I really have no idea why the people the control the world do things? Im sure they'll feed us some stories on the news shortly to justify the cause. Tho I assume one excuse will be pauses to interest rate hikes from the CB's here. They have been seeding the climate crisis, food shortages/price increases, and war into the minds of the masses so I fully expect these to use these (sadly) at some point to to drive the 'climate friendly' market products which are ready (EVs, Biofuels, Urban Farming, etc) and oil related assets.

Honestly I firmly believe they intend to blow all the markets up to the moon this year. All of them, not just Crypto. The next couple months should be epic from my point of view. Life changing for those that can still afford to be in the markets. Should be a massive kick off of the greatest separation of the haves and have nots we have ever seen which will take place over the next couple years. Higher interest + higher asset values... lovely. Wont end well as likely intended but its also not ending anytime soon regardless of what some may want us to believe.

Again. What do I know? But I sincerely doubt any of my posts will age poorly. Follow your own reads and you cant lose long term, follow others and expect to take the long road back.

[VanWest82]

If anyone is still HODLing and feeling good about the recent dead cat bounce, please sell now. Like, right now. There will be better buying opportunities soon.

[anotherhomer]

If anyone is still HODLing and feeling good about the recent dead cat bounce, please sell now. Like, right now. There will be better buying opportunities soon.

i think it's a bad idea to suggest anyone to time the market, by selling close to the bottom and re-buy again, if they are long-term holders...

unless the plan is to exit the market completely

[load management]

So similar to hiding cash under your mattress because you don't trust banks. Yea doesn't sound like a great use case for anything in the future, other than pure speculation to make a buck.

yes quite similar to cash in the sense that you can finalize a transaction instantly without a middleman, except you wouldn't have to fly to a different country with a briefcase full of it. It gets transferred digitally! But that is just one tiny aspect about the Blockchain related to the specific "currency" use case. There is a lot to learn!

Sent from my M2012K11AG using RealGM mobile app

You're right. It's a lot like flying with a briefcase of cash. Here are the similarities:

1. If someone steals your briefcase, you're SOL and have zero recource. Just like crypto
2. You still have to convert the cash from your currency a local currency when you get to the foreign country, because the grocery store and gas station won't accept your foreign cash.
3. You have to find someone willing and able to accept a briefcase of cash and convert it to the local currency, which most reputable places won't do.
4. For someone to convert the currency, they're gonna take a cut.
5. The person converting your briefcase of foreign cash is probably operating outside the law and could be shady as f*ck. They might just choose to help themselves the cash in your briefcase (cough... FTX...).
5. If you're moving large sums of money between countries in a briefcase of cash, you're probably committing a crime.

This is not progress.

I have no skin in the game, but I am learning because blockchain is here to stay and most big companies and governments are adopting it. It does seem like those with the most animosity are the least educated.

1) There is risk. Know what you are doing what is necessary to protect your assets. There are billions of dollars worth of crypto sitting safely in cold wallets. Recourse will come with regulation and mass adoption.
2) This is true but you can do this with the click of a button. Just be smart about which currency you plan to trade with so the exchange is available.
3) Same as above - Just dont use a currency that is not widely accepted.
4) All services cost you...
5) That is up to the governments to decide. More regulation will help with adoption. Too much will stifle innovation
6) Most widely accepted currencies have a public digital ledger. Transaction using Eth, Sol Bitcoin etc are completely transparent.

Not a testament to the current state of the tech. It is the wild west right now but that should change.

[refshateRaps]

keep it simple.... When RealGM throws up capitulation realted investment threads whether motivated or not? Doesn't matter. You simply gotta step back on that event alone as significant. I mean many indicators were pointing to a major reversal but some indicators are simply better then others

What do I know tho? Prob staring at the greatest life charging financial time in our lives for those with powder to throw in

Next few weeks could be insane bullish. Watching for Oil here to go absolutely bananas thru February and just praying they don't use war as the catalyst to explode it. Otherwise look forward to seeing the Big azz green fireworks coming across the board in this F'd up slave system game.

Good luck to all RealGmrs. Play it as you see it