Semi OT: Anyone lose money in the crypto crash?
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Re: Semi OT: Anyone lose money in the crypto crash?
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anotherhomer
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Re: Semi OT: Anyone lose money in the crypto crash?
To persons point, remember in early 2020, bitcoin dropped over 65% in a matter of months prior to fed intervention.
Re: Semi OT: Anyone lose money in the crypto crash?
- refshateRaps
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Re: Semi OT: Anyone lose money in the crypto crash?
ratul wrote:refshateRaps wrote:ratul wrote:
Did this guy call the top?
Umm, No. But this guy now knows who to follow when he need a clear signal to go harder on pull-backs.Don't get quiet on me after the 2nd leg.
Follow you own read always, only way to learn... Cause what do I know?
lol, we will see in six months who is prescient
15.5K -25K is a pretty impressive start? And ya I have little doubt in my view its just the start of a tsunami in 2023 so certainly no issue reflecting back as we go.
Markets giving people a 100' circumference rim to shoot at but most too scared or can no longer afford to take the shot. Guess thats the design?
What do I know?
Re: Semi OT: Anyone lose money in the crypto crash?
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ratul
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Re: Semi OT: Anyone lose money in the crypto crash?
refshateRaps wrote:ratul wrote:refshateRaps wrote:
Umm, No. But this guy now knows who to follow when he need a clear signal to go harder on pull-backs.Don't get quiet on me after the 2nd leg.
Follow you own read always, only way to learn... Cause what do I know?
lol, we will see in six months who is prescient
15.5K -25K is a pretty impressive start? And ya I have little doubt in my view its just the start of a tsunami in 2023 so certainly no issue reflecting back as we go.
Markets giving people a 100' circumference rim to shoot at but most too scared or can no longer afford to take the shot. Guess thats the design?
What do I know?
You pointed out OP at 23.5k not 15.5k therefore up 4% on your call and you may be pointing out the time to exit rather than time to accumulate. It's illiquid so if someone wants to dump, you prob will end up holding the bag.
Re: Semi OT: Anyone lose money in the crypto crash?
- refshateRaps
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Re: Semi OT: Anyone lose money in the crypto crash?
ratul wrote:refshateRaps wrote:ratul wrote:
lol, we will see in six months who is prescient
15.5K -25K is a pretty impressive start? And ya I have little doubt in my view its just the start of a tsunami in 2023 so certainly no issue reflecting back as we go.
Markets giving people a 100' circumference rim to shoot at but most too scared or can no longer afford to take the shot. Guess thats the design?
What do I know?
You pointed out OP at 23.5k not 15.5k therefore up 4% on your call and you may be pointing out the time to exit rather than time to accumulate. It's illiquid so if someone wants to dump, you prob will end up holding the bag.
Hmmm..
Looking back my post(s) regarding OP he calling bottom was on November 12th. Close on that day was 16.7K if really you want to track this close for whatever reason?
The point of interjecting into a very rare investment threat discussing misery from losses, sell-out influencers, and the sick masonic public scare ritual was to share its all part of a major bottom, and let peeps know its showtime for those who can still afford to play, certainly not whine time.
And yes it clearly was F'n GO time. The scoreboard don't lie since the thread was made? If only RealGM could discuss all the market tickers at capitulation, seriously imagine?
I see this going much much much higher this year in my view and whether one makes 4% or 40000% i'll be very happy for anyone here and to hear positive posts come out the misery and haze.
What do I know? Wishing you good luck as well.
Re: Semi OT: Anyone lose money in the crypto crash?
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shefcurry
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Re: Semi OT: Anyone lose money in the crypto crash?
refshateRaps wrote:shefcurry wrote:refshateRaps wrote:
'Top' is years away. Temporary 'Top'(s) was April & November 2021.
Who is buying? Not institutional.
Firmly believe this is probably one of the most life changing moment opportunities some will ever see. Already started, but still just in the beginning stages both for a short term euphoric move and long term. I'll consider unloading a very good chunk on any euphoria above ATH and reload a few months later when it happens.
Interest rates are pausing. They put their catalyst in place to thro gas on the entire market, really not sure how anyone is talking 'top' right now? What do I know? Best of luck
Who is buying? Not institutionals. Can’t see where the demand is coming from.
If I told you many inside players front loaded in early 2021 at MUCH MUCH higher prices for a massive turn thats coming you'd likely understandably call me crazy at this point. Especially newer infrastructure they want to introduce on a mass scale like AI, societal surveillance infrastructure, Crypto, Oil & 'climate change' related products like biofuels/EVs/solars, biotech (HUGE INSTITUTIONAL INVESTMENT), Cannabis , Tele-health and so on.
Anyhow, if you cant see the volume increase in many of these places over the last couple months signifying the bottom (in addition to the retail fear/paralysis/whining in this thread from people they brought to their knees since 2021, the masonic public news rituals into the rate hikes/inflation to paralyze the masses further at the bottom) then that seems crazy to me.
Its why they do what they do.
Retail has nothing to do with moving the market outside of being the grease for the Big guys squeaky wheels. They manufacture the fear and the FOMO on different timeframes and scales. Just on this aspect alone the case was easy to make that they have LONG exhausted retail and a direction change was imminent and should be on watch.
The same way most cant see the markets failing when they are at the top is the same reason they cant see the markets turning at the bottom. Now of days they have so many more channels and low level and high level masonic influencing puppets to deceive the masses, It works very well. Not just just in market purposes, but reading this thread it worked very well for that. Some people have seen enough to be immune to this type of BS.
What do I know? But my bets are on this thread going down in history as the most epic bottom call in something far greater then most can imagine both short term (as most should already see) and long term with some sizable shakes in between (couple years?) Always follow your own reads as its the only way to grow win or lose.
It sounds like you're making my argument for me. Institutionals got in early, lost a sh*t-ton, found out the hard way that the price is driven by wash trading and fraud, and won't touch the asset with a 10 foot pole. So if their money is already in, and they're not putting in any more, who's buying for the next leg up?
Re: Semi OT: Anyone lose money in the crypto crash?
- refshateRaps
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Re: Semi OT: Anyone lose money in the crypto crash?
shefcurry wrote:refshateRaps wrote:shefcurry wrote:
Who is buying? Not institutionals. Can’t see where the demand is coming from.
If I told you many inside players front loaded in early 2021 at MUCH MUCH higher prices for a massive turn thats coming you'd likely understandably call me crazy at this point. Especially newer infrastructure they want to introduce on a mass scale like AI, societal surveillance infrastructure, Crypto, Oil & 'climate change' related products like biofuels/EVs/solars, biotech (HUGE INSTITUTIONAL INVESTMENT), Cannabis , Tele-health and so on.
Anyhow, if you cant see the volume increase in many of these places over the last couple months signifying the bottom (in addition to the retail fear/paralysis/whining in this thread from people they brought to their knees since 2021, the masonic public news rituals into the rate hikes/inflation to paralyze the masses further at the bottom) then that seems crazy to me.
Its why they do what they do.
Retail has nothing to do with moving the market outside of being the grease for the Big guys squeaky wheels. They manufacture the fear and the FOMO on different timeframes and scales. Just on this aspect alone the case was easy to make that they have LONG exhausted retail and a direction change was imminent and should be on watch.
The same way most cant see the markets failing when they are at the top is the same reason they cant see the markets turning at the bottom. Now of days they have so many more channels and low level and high level masonic influencing puppets to deceive the masses, It works very well. Not just just in market purposes, but reading this thread it worked very well for that. Some people have seen enough to be immune to this type of BS.
What do I know? But my bets are on this thread going down in history as the most epic bottom call in something far greater then most can imagine both short term (as most should already see) and long term with some sizable shakes in between (couple years?) Always follow your own reads as its the only way to grow win or lose.
It sounds like you're making my argument for me. Institutionals got in early, lost a ****, found out the hard way that the price is driven by wash trading and fraud, and and won't touch the asset with a 10 foot pole. So if their money is already in, and they're not putting in any more, who's buying for the next leg up?
Im making no such argument for you?
Those with the means and power to move the market will when given the green light, if you cant see the mass money already creeping in here we are really not even looking at the same market? There is legal reasons insider money has to go into before the run in many cases. That has little to do with where we are, aside from knowing they will get paid when its time. This is going to see some monster moves this year in my eyes.
2023 was always the plan. We've already clearly started.
What do I know?
Re: Semi OT: Anyone lose money in the crypto crash?
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shefcurry
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Re: Semi OT: Anyone lose money in the crypto crash?
refshateRaps wrote:shefcurry wrote:refshateRaps wrote:
If I told you many inside players front loaded in early 2021 at MUCH MUCH higher prices for a massive turn thats coming you'd likely understandably call me crazy at this point. Especially newer infrastructure they want to introduce on a mass scale like AI, societal surveillance infrastructure, Crypto, Oil & 'climate change' related products like biofuels/EVs/solars, biotech (HUGE INSTITUTIONAL INVESTMENT), Cannabis , Tele-health and so on.
Anyhow, if you cant see the volume increase in many of these places over the last couple months signifying the bottom (in addition to the retail fear/paralysis/whining in this thread from people they brought to their knees since 2021, the masonic public news rituals into the rate hikes/inflation to paralyze the masses further at the bottom) then that seems crazy to me.
Its why they do what they do.
Retail has nothing to do with moving the market outside of being the grease for the Big guys squeaky wheels. They manufacture the fear and the FOMO on different timeframes and scales. Just on this aspect alone the case was easy to make that they have LONG exhausted retail and a direction change was imminent and should be on watch.
The same way most cant see the markets failing when they are at the top is the same reason they cant see the markets turning at the bottom. Now of days they have so many more channels and low level and high level masonic influencing puppets to deceive the masses, It works very well. Not just just in market purposes, but reading this thread it worked very well for that. Some people have seen enough to be immune to this type of BS.
What do I know? But my bets are on this thread going down in history as the most epic bottom call in something far greater then most can imagine both short term (as most should already see) and long term with some sizable shakes in between (couple years?) Always follow your own reads as its the only way to grow win or lose.
It sounds like you're making my argument for me. Institutionals got in early, lost a ****, found out the hard way that the price is driven by wash trading and fraud, and and won't touch the asset with a 10 foot pole. So if their money is already in, and they're not putting in any more, who's buying for the next leg up?
Im making n o such argument for you. The market are on blast and just getting started. Of course they will shake out the weak along the way. But this is going to see some monster moves this year in my eyes.
Easy question - who is buying? Seriously. I don't mean this as an insult. I'm genuinely curious because I own BTC but can't see it going up because i see zero institutional buyers on the horizon. If you're a fund manager, you risk losing your job and your reputation if you put money into crypto now.
Re: Semi OT: Anyone lose money in the crypto crash?
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shefcurry
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Re: Semi OT: Anyone lose money in the crypto crash?
And the reason it went up is because Tether printed a billion, likely out of thin air, just to keep the market from imploding. This stuff is public record. You can predict the price of BTC movement by watching Tether.
Re: Semi OT: Anyone lose money in the crypto crash?
- refshateRaps
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Re: Semi OT: Anyone lose money in the crypto crash?
shefcurry wrote:refshateRaps wrote:shefcurry wrote:
It sounds like you're making my argument for me. Institutionals got in early, lost a ****, found out the hard way that the price is driven by wash trading and fraud, and and won't touch the asset with a 10 foot pole. So if their money is already in, and they're not putting in any more, who's buying for the next leg up?
Im making n o such argument for you. The market are on blast and just getting started. Of course they will shake out the weak along the way. But this is going to see some monster moves this year in my eyes.
Easy question - who is buying? Seriously. I don't mean this as an insult. I'm genuinely curious because I own BTC but can't see it going up because i see zero institutional buyers on the horizon. If you're a fund manager, you risk losing your job and your reputation if you put money into crypto now.
If the game was logical to the average person and was easy, everyone would be rich and this miserable thread off the bottom wouldn't exist.
The bigger picture of the markets is very well controlled by those actually in power and the chosen players above me to move it are not my concern. Simply doesn't matter to me?
When its time to move the greater markets in unison, its time. The main breadcrumbs were and are increasingly everywhere and most trying to rationalize chit that simply doesn't matter or are paralyzed in the constructed financial tightening and fear are missing out on vastly extending their ball and chain here. J
Minus some pullbacks and shakes 2023 is already and should continue to be market showtime in this fake azz world. 25K BTC is an important level phytologically and technically so if you want to see more volume into the rise, you'll likely see it here and very soon when this clears.
Also why I shared my assumption in a previous post there will be a massive retail FOMO rally. That will be the point those looking for logic or looking to see who is buying will have found out. And will be stressed from watching the market go up and will jump in after a pull back begin to turn back up en masse.
What do I know?
Re: Semi OT: Anyone lose money in the crypto crash?
- refshateRaps
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Re: Semi OT: Anyone lose money in the crypto crash?
Sad reality is so many wont even be able to participate right now or as the market goes up.
Possibly the greatest societal control grab and separation we've ever witnessed in the world well underway. Higher interest rates, higher cost of living and soon to be absurd asset values in 2023 alongside shaking out the masses into fear and doubt. All the while accelerating the infrastructure for greater surveillance (especially on those with less means) in the name of safety. Including digital currency.
For those who cant participate but still holding underwater stay strong as I firmly believe all positions will be green in the coming months, albeit in a more expensive world with fewer owning far more. But sunnier days none the less.
What do I know? Just putting on links to the chain.
Possibly the greatest societal control grab and separation we've ever witnessed in the world well underway. Higher interest rates, higher cost of living and soon to be absurd asset values in 2023 alongside shaking out the masses into fear and doubt. All the while accelerating the infrastructure for greater surveillance (especially on those with less means) in the name of safety. Including digital currency.
For those who cant participate but still holding underwater stay strong as I firmly believe all positions will be green in the coming months, albeit in a more expensive world with fewer owning far more. But sunnier days none the less.
What do I know? Just putting on links to the chain.
Re: Semi OT: Anyone lose money in the crypto crash?
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ratul
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Re: Semi OT: Anyone lose money in the crypto crash?
refshateRaps wrote:Sad reality is so many wont even be able to participate right now or as the market goes up.
Possibly the greatest societal control grab and separation we've ever witnessed in the world well underway. Higher interest rates, higher cost of living and soon to be absurd asset values in 2023 alongside shaking out the masses into fear and doubt. All the while accelerating the infrastructure for greater surveillance (especially on those with less means) in the name of safety. Including digital currency.
For those who cant participate but still holding underwater stay strong as I firmly believe all positions will be green in the coming months, albeit in a more expensive world with fewer owning far more. But sunnier days none the less.
What do I know? Just putting on links to the chain.
Bitcoin, like subprime housing, was a good concept initially. Subprime housing started as a way for poorer people to get on the property ladder. It morphed into a debt bomb. Bitcoin is similar, in that it is a great concept (no debt attached to it, finite supply) which has been corrupted by insane leverage, limited floats, and no barriers to entry rather than a focus on usability. Hence it is full of charlatans and perhaps why we see so many crypto bankruptcies. The only reason I’m not short right now is because the float has been choked and prop desks know this and are going long to squeeze out shorts. Once they get cleared out, I’ll short the crap out of BTC and btc linked names. Even though I liked the initial idea.
Re: Semi OT: Anyone lose money in the crypto crash?
- refshateRaps
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Re: Semi OT: Anyone lose money in the crypto crash?
ratul wrote:refshateRaps wrote:Sad reality is so many wont even be able to participate right now or as the market goes up.
Possibly the greatest societal control grab and separation we've ever witnessed in the world well underway. Higher interest rates, higher cost of living and soon to be absurd asset values in 2023 alongside shaking out the masses into fear and doubt. All the while accelerating the infrastructure for greater surveillance (especially on those with less means) in the name of safety. Including digital currency.
For those who cant participate but still holding underwater stay strong as I firmly believe all positions will be green in the coming months, albeit in a more expensive world with fewer owning far more. But sunnier days none the less.
What do I know? Just putting on links to the chain.
Bitcoin, like subprime housing, was a good concept initially. Subprime housing started as a way for poorer people to get on the property ladder. It morphed into a debt bomb. Bitcoin is similar, in that it is a great concept (no debt attached to it, finite supply) which has been corrupted by insane leverage, limited floats, and no barriers to entry rather than a focus on usability. Hence it is full of charlatans and perhaps why we see so many crypto bankruptcies. The only reason I’m not short right now is because the float has been choked and prop desks know this and are going long to squeeze out shorts. Once they get cleared out, I’ll short the crap out of BTC and btc linked names. Even though I liked the initial idea.
I don't fully disagree with some of your analysis. Even some of the bankruptcies that will have occured at the bottom. But those in control of the market simply don't care about them. They dont matter outside of being shook out for the vulchers up top. This isnt even a crash so much as a controlled step down in the markets and those BK's are expected collateral. Again people in control of the market vs. those people think matter, but dont.
Personally im likely a couple years from monitoring for signs of doom again. Although I expect a possible deep correction after this rips hard over the coming months but even then I will certainly reload for the longer term once it bottoms. Even after the post January bottom bounce thus far this could really be epic in terms of life changing money in many sectors as many related assets have not come too far or even off the bottom. If you like bottoming volume, look at the AI sector? Same 2 years corrective wave was most cryptos. This is clear bottoming action, volume, retail behavior and mainstream programming mind games, and likely wont last long. I feel horrible to hear the paralyzed fear from peeps looking at pretty much any sector right now TBH.
If you look close January 2023 was very important to those in control of the markets. A break and hold of the $25K BTC level might also hold the key that brings in a bigger push into related crypto equities and other coins... If so its the rally after this one id expect the serious FOMO to hit cause peeps underwater will be near or above green again, if so the mainstream storylines will be positive programming during this period, and human nature of missing out and being part of the herd is what it is. Wouldn't be shocked to see the 25K area become support post breakout before another bigger leg, but that support area is yet to determined, just what I'll be watching post break.
As you said earlier we'll see
What do I know?
Re: Semi OT: Anyone lose money in the crypto crash?
- refshateRaps
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Re: Semi OT: Anyone lose money in the crypto crash?
ratul wrote:refshateRaps wrote:Sad reality is so many wont even be able to participate right now or as the market goes up.
Possibly the greatest societal control grab and separation we've ever witnessed in the world well underway. Higher interest rates, higher cost of living and soon to be absurd asset values in 2023 alongside shaking out the masses into fear and doubt. All the while accelerating the infrastructure for greater surveillance (especially on those with less means) in the name of safety. Including digital currency.
For those who cant participate but still holding underwater stay strong as I firmly believe all positions will be green in the coming months, albeit in a more expensive world with fewer owning far more. But sunnier days none the less.
What do I know? Just putting on links to the chain.
Bitcoin, like subprime housing, was a good concept initially. Subprime housing started as a way for poorer people to get on the property ladder. It morphed into a debt bomb. Bitcoin is similar, in that it is a great concept (no debt attached to it, finite supply) which has been corrupted by insane leverage, limited floats, and no barriers to entry rather than a focus on usability. Hence it is full of charlatans and perhaps why we see so many crypto bankruptcies. The only reason I’m not short right now is because the float has been choked and prop desks know this and are going long to squeeze out shorts. Once they get cleared out, I’ll short the crap out of BTC and btc linked names. Even though I liked the initial idea.
Ready Brah?
Bet ya next few weeks gonna be lit AF.
If its big enough it may be serious profit taking time for this guy... Market@ 23.87K at time of post to save you tryna track.
What do I know?
Re: Semi OT: Anyone lose money in the crypto crash?
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ropjhk
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Re: Semi OT: Anyone lose money in the crypto crash?
ropjhk wrote:Lost a little bit but not much. Never invested heavily into crypto. My mindset was that if crypto was really going to become the future of money then I wouldn't need to invest too much today to ensure a decent position in the future. If crypto was not going to become the future of money then I don't want to lose too much on this bet.
I'm up now. If I were to sell it would be a half decent profit but nothing to write home about. I'll just hold for now.
Re: Semi OT: Anyone lose money in the crypto crash?
- refshateRaps
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Re: Semi OT: Anyone lose money in the crypto crash?
ropjhk wrote:ropjhk wrote:Lost a little bit but not much. Never invested heavily into crypto. My mindset was that if crypto was really going to become the future of money then I wouldn't need to invest too much today to ensure a decent position in the future. If crypto was not going to become the future of money then I don't want to lose too much on this bet.
I'm up now. If I were to sell it would be a half decent profit but nothing to write home about. I'll just hold for now.
Now thru the next 2-3 weeks I believe most investments in the market across various sectors could be looking quite different to put it mildly. Could drop some jaws to the floor. I only wonder what the 'news' is that they use as the excuse?
Wishing you a great outcome.
What do I know?
Re: Semi OT: Anyone lose money in the crypto crash?
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ratul
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Re: Semi OT: Anyone lose money in the crypto crash?
refshateRaps wrote:ratul wrote:refshateRaps wrote:Sad reality is so many wont even be able to participate right now or as the market goes up.
Possibly the greatest societal control grab and separation we've ever witnessed in the world well underway. Higher interest rates, higher cost of living and soon to be absurd asset values in 2023 alongside shaking out the masses into fear and doubt. All the while accelerating the infrastructure for greater surveillance (especially on those with less means) in the name of safety. Including digital currency.
For those who cant participate but still holding underwater stay strong as I firmly believe all positions will be green in the coming months, albeit in a more expensive world with fewer owning far more. But sunnier days none the less.
What do I know? Just putting on links to the chain.
Bitcoin, like subprime housing, was a good concept initially. Subprime housing started as a way for poorer people to get on the property ladder. It morphed into a debt bomb. Bitcoin is similar, in that it is a great concept (no debt attached to it, finite supply) which has been corrupted by insane leverage, limited floats, and no barriers to entry rather than a focus on usability. Hence it is full of charlatans and perhaps why we see so many crypto bankruptcies. The only reason I’m not short right now is because the float has been choked and prop desks know this and are going long to squeeze out shorts. Once they get cleared out, I’ll short the crap out of BTC and btc linked names. Even though I liked the initial idea.
Ready Brah?
Bet ya next few weeks gonna be lit AF.
If its big enough it may be serious profit taking time for this guy... Market@ 23.87K at time of post to save you tryna track.
What do I know?
Btc has tried to rally and can’t break 25k. Friendly advice is don’t be caught holding the bag.
Re: Semi OT: Anyone lose money in the crypto crash?
- canz55
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Re: Semi OT: Anyone lose money in the crypto crash?
You're going to lose your ass. Like so many times before, the "recession" has already been priced in.ratul wrote:refshateRaps wrote:Sad reality is so many wont even be able to participate right now or as the market goes up.
Possibly the greatest societal control grab and separation we've ever witnessed in the world well underway. Higher interest rates, higher cost of living and soon to be absurd asset values in 2023 alongside shaking out the masses into fear and doubt. All the while accelerating the infrastructure for greater surveillance (especially on those with less means) in the name of safety. Including digital currency.
For those who cant participate but still holding underwater stay strong as I firmly believe all positions will be green in the coming months, albeit in a more expensive world with fewer owning far more. But sunnier days none the less.
What do I know? Just putting on links to the chain.
Bitcoin, like subprime housing, was a good concept initially. Subprime housing started as a way for poorer people to get on the property ladder. It morphed into a debt bomb. Bitcoin is similar, in that it is a great concept (no debt attached to it, finite supply) which has been corrupted by insane leverage, limited floats, and no barriers to entry rather than a focus on usability. Hence it is full of charlatans and perhaps why we see so many crypto bankruptcies. The only reason I’m not short right now is because the float has been choked and prop desks know this and are going long to squeeze out shorts. Once they get cleared out, I’ll short the crap out of BTC and btc linked names. Even though I liked the initial idea.
But at least you have the balls to short it unlike people on here that make pseudo intellectual points about what they think "value" is.
Sent from my SM-G998W using RealGM mobile app
Re: Semi OT: Anyone lose money in the crypto crash?
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KL78192020
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Re: Semi OT: Anyone lose money in the crypto crash?
refshateRaps wrote: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
This did not age well. Oil did not go “absolutely bananas” in february and since your post. Its down from the mid 80s to mid 70s now.
Re: Semi OT: Anyone lose money in the crypto crash?
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VanWest82
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Re: Semi OT: Anyone lose money in the crypto crash?
canz55 wrote:You're going to lose your ass. Like so many times before, the "recession" has already been priced in.ratul wrote:refshateRaps wrote:Sad reality is so many wont even be able to participate right now or as the market goes up.
Possibly the greatest societal control grab and separation we've ever witnessed in the world well underway. Higher interest rates, higher cost of living and soon to be absurd asset values in 2023 alongside shaking out the masses into fear and doubt. All the while accelerating the infrastructure for greater surveillance (especially on those with less means) in the name of safety. Including digital currency.
For those who cant participate but still holding underwater stay strong as I firmly believe all positions will be green in the coming months, albeit in a more expensive world with fewer owning far more. But sunnier days none the less.
What do I know? Just putting on links to the chain.
Bitcoin, like subprime housing, was a good concept initially. Subprime housing started as a way for poorer people to get on the property ladder. It morphed into a debt bomb. Bitcoin is similar, in that it is a great concept (no debt attached to it, finite supply) which has been corrupted by insane leverage, limited floats, and no barriers to entry rather than a focus on usability. Hence it is full of charlatans and perhaps why we see so many crypto bankruptcies. The only reason I’m not short right now is because the float has been choked and prop desks know this and are going long to squeeze out shorts. Once they get cleared out, I’ll short the crap out of BTC and btc linked names. Even though I liked the initial idea.
But at least you have the balls to short it unlike people on here that make pseudo intellectual points about what they think "value" is.
Sent from my SM-G998W using RealGM mobile app
I said this earlier itt but the idea crypto will be immune to any broader risk asset movement going forward is nonsense. Recession has been priced into the broader stock market in terms of multiples, but earnings have still yet to take the kind of hit we'd typically see in an actual recession, and inverted yield spreads are still greater than they were in 2000 and 2007. Thinking asset values will skyrocket in 2023 with tighter monetary policy and higher interest rates is probably wishful thinking.
Perhaps there will continue to be a short-lived bounce due to China stimulus and the eventual Fed pivot with markets floating on the backs of retail combo of purshases and puts in the meantime, but as soon as rates start coming down and it's clear recession is here for real (later this year or first half 2024), crypto will crash like everything else.
Re: Semi OT: Anyone lose money in the crypto crash?
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VanWest82
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Re: Semi OT: Anyone lose money in the crypto crash?
KL78192020 wrote:refshateRaps wrote: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
This did not age well. Oil did not go “absolutely bananas” in february and since your post. Its down from the mid 80s to mid 70s now.
I mean, who could have seen that coming?
We're only nearing the end of a Fed-induced, disinflationary-by-design hiking cycle.






