Semi OT: Anyone lose money in the crypto crash?

[ratul]

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.

You're going to lose your ass. Like so many times before, the "recession" has already been priced in.

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

No liquidity to short as I said.

[canz55]

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.

You're going to lose your ass. Like so many times before, the "recession" has already been priced in.

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.

Nothing is immune. Who's saying anything is immune?

Traders are the people who light candles by their bedside every night and say their prayers before they go to sleep, conversely people who save long term in the form of assets are the ones that have a 10 year view (or longer).

This thread was about a horde of people pretending to be smart after a massive misallocation of capital poured into offshore banks that incidentally had no Bitcoin on its balance sheet which added snow to the tech winter we're in right now.

Basically a lot of wasted breath on the meaning of "intrinsic value" as if that's the only thing that matters in asset markets.

Sent from my SM-G998W using RealGM mobile app

[VanWest82]

You're going to lose your ass. Like so many times before, the "recession" has already been priced in.

This thread was about a horde of people pretending to be smart...

Uh huh

[refshateRaps]

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.

You're going to lose your ass. Like so many times before, the "recession" has already been priced in.

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

No liquidity to short as I said.

Taking advantage of any weakness left before she blows. I expect its gonna be a new level of epic in the weeks ahead. March-ing to the bank.

[ratul]

You're going to lose your ass. Like so many times before, the "recession" has already been priced in.

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

No liquidity to short as I said.

Taking advantage of any weakness left before she blows. I expect its gonna be a new level of epic in the weeks ahead. March-ing to the bank.

Lol, just listen to me. Up to you of course but price action obviously now crapping the bed. No one wants to pay 25k for a fake token.

Don’t hold the bag. And I say this as someone who has owned it in the past.

[refshateRaps]

No liquidity to short as I said.

Taking advantage of any weakness left before she blows. I expect its gonna be a new level of epic in the weeks ahead. March-ing to the bank.

Lol, just listen to me. Up to you of course but price action obviously now crapping the bed. No one wants to pay 25k for a fake token.

Don’t hold the bag. And I say this as someone who has owned it in the past.

Listen here.

Difference between a whiner and a winner is being able to buy the weakness at the right time and not the wrong time. This beginnings of this thread is an entitre story on that aspect alone.

As someone who has seen quite a bit, to put it mildly, I'm very sorry to hear about your luck and where you stand in such an unworldly rare & important time in the world of investing. For the record I'm well diversified in many sectors as well within crypto for what's coming.

Cant say this period well underway will happen again to this magnitude coming in our lifetime, but similar but smaller BIG opportunities will. So always follow you own convictions over following any others, as your own missteps will always better lead to learning in the long run.

Best of luck and fortune, just thankful to hear you are not short here TBH

Sure, what do I know?

[KL78192020]

No liquidity to short as I said.

Taking advantage of any weakness left before she blows. I expect its gonna be a new level of epic in the weeks ahead. March-ing to the bank.

Lol, just listen to me. Up to you of course but price action obviously now crapping the bed. No one wants to pay 25k for a fake token.

Don’t hold the bag. And I say this as someone who has owned it in the past.

From 25k down to 20k in a month! I'm sure he's "March-ing to the bank".

[anotherhomer]

Taking advantage of any weakness left before she blows. I expect its gonna be a new level of epic in the weeks ahead. March-ing to the bank.

Lol, just listen to me. Up to you of course but price action obviously now crapping the bed. No one wants to pay 25k for a fake token.

Don’t hold the bag. And I say this as someone who has owned it in the past.

From 25k down to 20k in a month! I'm sure he's "March-ing to the bank".

Yikes that didn't age well.

I had a feeling it go down...

[ImissJordan]

Short-term projections aren’t intelligent ones to make.

That said, too early to dance on any graves.

[brownbobcat]

Lol, just listen to me. Up to you of course but price action obviously now crapping the bed. No one wants to pay 25k for a fake token.

Don’t hold the bag. And I say this as someone who has owned it in the past.

From 25k down to 20k in a month! I'm sure he's "March-ing to the bank".

Yikes that didn't age well.

I had a feeling it go down...

Here's the odd thing about crypto truthers, they're usually proselytizing about it in attempts to convince other people or defending their decision. If I had an investment or income stream that was doing great, I wouldn't waste 2 seconds telling anybody else about it - why would I bother?

[refshateRaps]

Lol, just listen to me. Up to you of course but price action obviously now crapping the bed. No one wants to pay 25k for a fake token.

Don’t hold the bag. And I say this as someone who has owned it in the past.

From 25k down to 20k in a month! I'm sure he's "March-ing to the bank".

Yikes that didn't age well.

I had a feeling it go down...

Look at you two, all emotional on the sharp uptrend dips and shakes.

Market phycology 101. It's why they do it! Thin the weak and the herd and load up on weakness before the payout parties.

I been loading most severely red days since start of this thread, overall the thread is not aging well for scared money and to think its still so early on.

What do I know? Well aside from knowing others extreme fear, capitulation and lack of patience will be my gains in the end.

Please keep FUDing these pull backs in the uptrend so I know when to buy more. Pretty, pretty, pretty please.

You two can flex thru these pullbacks, it'll only help... Ill take the trend and keep March-ing to bigger $$$

Loading harder here on your posts.

[tripa]

This dude is a psychopath.

[refshateRaps]

This dude is a psychopath.

Psycho to be going the right direction of the markets?

Atleast I don't come to to throw hateful labels at others on the internet. Cause that's not crazy.

[KL78192020]

From 25k down to 20k in a month! I'm sure he's "March-ing to the bank".

Yikes that didn't age well.

I had a feeling it go down...

Look at you two, all emotional on the sharp uptrend dips and shakes.

Market phycology 101. It's why they do it! Thin the weak and the herd and load up on weakness before the payout parties.

I been loading most severely red days since start of this thread, overall the thread is not aging well for scared money and to think its still so early on.

What do I know? Well aside from knowing others extreme fear, capitulation and lack of patience will be my gains in the end.

Please keep FUDing these pull backs in the uptrend so I know when to buy more. Pretty, pretty, pretty please.

You two can flex thru these pullbacks, it'll only help... Ill take the trend and keep March-ing to bigger $$$

Loading harder here on your posts.

I have no skin in the game, never touched crypto and never will. If you want to dabble in it thats fine, but you act like you know exactly where its going, yet you've been wrong a few times and you were wrong about oil.

Still no reason as to why exactly its going to the moon! You just speak in generalizations and nuances.

[tripa]

This dude is a psychopath.

Psycho to be going the right direction of the markets?

Atleast I don't come to to throw hateful labels at others on the internet. Cause that's not crazy.

Who said I was talking to you? The Freemasons are trying to cause division. Don't let them get a hold of you, friend.

But what do I know?

[anotherhomer]

From 25k down to 20k in a month! I'm sure he's "March-ing to the bank".

Yikes that didn't age well.

I had a feeling it go down...

Here's the odd thing about crypto truthers, they're usually proselytizing about it in attempts to convince other people or defending their decision. If I had an investment or income stream that was doing great, I wouldn't waste 2 seconds telling anybody else about it - why would I bother?

Oh, are you talking about me?
I brought relatively close to bottom, so I have some "cushion" for now

I hear you, in last month bull, I definitely felt good about it, but definitely realize it could go down.

I have some cash on sidelines, but think I go with other investments.

[refshateRaps]

Yikes that didn't age well.

I had a feeling it go down...

Look at you two, all emotional on the sharp uptrend dips and shakes.

Market phycology 101. It's why they do it! Thin the weak and the herd and load up on weakness before the payout parties.

I been loading most severely red days since start of this thread, overall the thread is not aging well for scared money and to think its still so early on.

What do I know? Well aside from knowing others extreme fear, capitulation and lack of patience will be my gains in the end.

Please keep FUDing these pull backs in the uptrend so I know when to buy more. Pretty, pretty, pretty please.

You two can flex thru these pullbacks, it'll only help... Ill take the trend and keep March-ing to bigger $$$

Loading harder here on your posts.

I have no skin in the game, never touched crypto and never will. If you want to dabble in it thats fine, but you act like you know exactly where its going, yet you've been wrong a few times and you were wrong about oil.

Still no reason as to why exactly its going to the moon! You just speak in generalizations and nuances.

Thats hard Nitpicking on a pullback, for what?

Look at this miserable thread of people taken to the cleaners and you wanna call out someone on a pull backs when I said I will be buying any weakness?

THE BOTTOM was the BOTTOM and anyone whop bought it is doing just fine. The pull backs are to be bought. What other game plan is there in the markets?

How bout we see how ends? Cause its just the start...

[anotherhomer]

Look at you two, all emotional on the sharp uptrend dips and shakes.

Market phycology 101. It's why they do it! Thin the weak and the herd and load up on weakness before the payout parties.

I been loading most severely red days since start of this thread, overall the thread is not aging well for scared money and to think its still so early on.

What do I know? Well aside from knowing others extreme fear, capitulation and lack of patience will be my gains in the end.

Please keep FUDing these pull backs in the uptrend so I know when to buy more. Pretty, pretty, pretty please.

You two can flex thru these pullbacks, it'll only help... Ill take the trend and keep March-ing to bigger $$$

Loading harder here on your posts.

I have no skin in the game, never touched crypto and never will. If you want to dabble in it thats fine, but you act like you know exactly where its going, yet you've been wrong a few times and you were wrong about oil.

Still no reason as to why exactly its going to the moon! You just speak in generalizations and nuances.

Your nitpicking on a pullback for what?

Look at this measurable thread and you wanna call out the pull backs?

THE BOTTOM was the BOTTOM. The pull backs are to be bought.

Dude man, I'm in crypto but it's irresponsible to tell others that this is a sure thing.....

It could break through last years bottom for all we know, esp if ehtereum gets classified as a security

Please man, plz don't troll ppl or give bad advise that can ruin ppls lifes

[refshateRaps]

I have no skin in the game, never touched crypto and never will. If you want to dabble in it thats fine, but you act like you know exactly where its going, yet you've been wrong a few times and you were wrong about oil.

Still no reason as to why exactly its going to the moon! You just speak in generalizations and nuances.

Your nitpicking on a pullback for what?

Look at this measurable thread and you wanna call out the pull backs?

THE BOTTOM was the BOTTOM. The pull backs are to be bought.

Dude man, I'm in crypto but it's irresponsible to tell others that this is a sure thing.....

It could break through last years bottom for all we know, esp if ehtereum gets classified as a security

Please man, plz don't troll ppl or give bad advise that can ruin ppls lifes

I almost always say 'what do I know'? And Ive said many posits follow no one right or wrong. Thats the reason most ended up getting Shite on in the first place. But that ok with y'all, right? Everyone posting dont buy dont off the bottom dont come with a disclaimer and you aint mad at them. And they are down large in this horse race just getting under way. (in my opinion)

Some peeps don't like my view cause it goes counter hysteria and misery. Which was likely the intent by many in this thread to scare people on the bottom.

[tripa]

"Just asking questions"
"Theres good people on both sides"
"Hey, what do I know?"

I have no skin in the game, never touched crypto and never will. If you want to dabble in it thats fine, but you act like you know exactly where its going, yet you've been wrong a few times and you were wrong about oil.

Still no reason as to why exactly its going to the moon! You just speak in generalizations and nuances.

Your nitpicking on a pullback for what?

Look at this measurable thread and you wanna call out the pull backs?

THE BOTTOM was the BOTTOM. The pull backs are to be bought.

Dude man, I'm in crypto but it's irresponsible to tell others that this is a sure thing.....

It could break through last years bottom for all we know, esp if ehtereum gets classified as a security

Please man, plz don't troll ppl or give bad advise that can ruin ppls lifes

Hes not trolling fam, hes dead serious