Semi OT: Anyone lose money in the crypto crash?

[Johnny Bball]

Short the **** out of it.

[MessiahUjiri]

Where the bears at? Where you guys hiding these days?

You sound like Nic Carters tweets

[M3tro]

Glad I hodled

[load management]

Feels like dirty money because it's partially the result of you know who getting in, but the new question may be -

Anybody suddenly quite wealthy?

You feel dirty that you invested in Bitcoin because Donald Trump was elected?

[load management]

Short the **** out of it.

Not sure if you are being sarcastic but it's not a good idea to short in a bull market. What's your time frame for the trade?

[refshateRaps]

Short the **** out of it.

Yep. If someone is investing in crypto currency, they don't understand it. If they are trading it, its possible to make a dollar. Because it was/is just a fad and bubble.

You felt similar at 16K

It's got a few months left in the cycle at least. When we're over $200-350K ill be open to the discussion, even then... With the introduction of crypto to the mainstream I expect a sizable mark-up thrust at the end of this cycle.

[refshateRaps]

Short the **** out of it.

Not sure if you are being sarcastic but it's not a good idea to short in a bull market. What's your time frame for the trade?

Seeing anyone recommend shorting the most absolute strongest tong term bullish trends in the market is as unfortunate as the sentiment at the start of this thread. Whether there's a short term correction or not. It's beyond absurd.

Even if the market was turning down (which its not) long term weakness should always be targeted in a short. Never strength.

[Johnny Bball]

Short the **** out of it.

Not sure if you are being sarcastic but it's not a good idea to short in a bull market. What's your time frame for the trade?

Not one bit of sarcasm.

Months not days or years. And crypto provides nothing and does nothing. Trading it is only following the herd and borderline meme. And you or I aren't going to be the first to shake their head at how its risen so much. Contrarian investing takes a bit of a stomach.

[load management]

Short the **** out of it.

Not sure if you are being sarcastic but it's not a good idea to short in a bull market. What's your time frame for the trade?

crypto provides nothing and does nothing

You should consider trying just a little bit to try and understand revolutionary tech and trillion dollar markets. I mean, literally as I type this the Federal Reserve (Jerome Powell) is promoting Bitcoin as digital gold and Cynthia Lummis "benefit to support the American electrical infrastructure".

[Johnny Bball]

Not sure if you are being sarcastic but it's not a good idea to short in a bull market. What's your time frame for the trade?

crypto provides nothing and does nothing

You should consider trying just a little bit to try and understand revolutionary tech and trillion dollar markets. I mean, literally as I type this the Federal Reserve (Jerome Powell) is promoting Bitcoin as digital gold and Cynthia Lummis "benefit to support the American electrical infrastructure".

Sure, list its profits to earnings and how it makes money. At least gold is used in tech, and physical hoarding. But yes, gold just for the sake of it being gold is the closest comp. But good of you to delete the rest of what I wrote which was bang on.

[Got Nuffin]

Btc yes essentially provides and does nothing, and is closest to being valuable in the same way gold is valuable.

Other crypto are however completely different and are building the functionality to be used as future currency. Btc was simply there first, but has become too cumbersome to use properly without some heavy modification like in the Btc Cash variant.

Whether you approve of it or like it or not, Trump / Musk do appear to have an aspiration to take a lot of the current unfriendly regulations away from crypto, and if the rumours about the US starting their own strategic crypto asset stockpile come to fruition - it's value will 1000% skyrocket beyond even what we're seeing now.

I can't stand Trump or Musk, so yeah it does feel kinda like dirty money to me.

[load management]

crypto provides nothing and does nothing

You should consider trying just a little bit to try and understand revolutionary tech and trillion dollar markets. I mean, literally as I type this the Federal Reserve (Jerome Powell) is promoting Bitcoin as digital gold and Cynthia Lummis "benefit to support the American electrical infrastructure".

Sure, list its profits to earnings and how it makes money. At least gold is used in tech, and physical hoarding. But yes, gold just for the sake of it being gold is the closest comp. But good of you to delete the rest of what I wrote which was bang on.

Physical hording lol

[Johnny Bball]

You should consider trying just a little bit to try and understand revolutionary tech and trillion dollar markets. I mean, literally as I type this the Federal Reserve (Jerome Powell) is promoting Bitcoin as digital gold and Cynthia Lummis "benefit to support the American electrical infrastructure".

Sure, list its profits to earnings and how it makes money. At least gold is used in tech, and physical hoarding. But yes, gold just for the sake of it being gold is the closest comp. But good of you to delete the rest of what I wrote which was bang on.

Physical hording lol

Google how many gold bars costco is selling if you didn't understand the reference/news.

[M3tro]

Just broke the 100k barrier within the last few hours.

To the moon!

[refshateRaps]

Price and trend are all that ever matters

Population surveillance and control advancement assets will continue to out perform gold during cycles for decades to come as development, implementation and the need for buy-in continues . There is nothing wrong with gold as a performing asset. Just not even apples and oranges to what we have going here the last few decades.

[Westside Gunn]

Does this jump have to do something with Musk and Trump being in government now?

I don't understand it as I mostly see it as a speculative tool. Ever since its first bump before 2020 and then after 2021 I still haven't seen a real use for it except speculation.

It's too bad I didn't do anything with crypto and I personally know a few people that retired in their 20s-30s with a couple of moves, while I have to wake up tomorrow to work. I was too broke to put some money into it anyway, now that I have some money it is way out of reach.

[refshateRaps]

Does this jump have to do something with Musk and Trump being in government now?

I don't understand it as I mostly see it as a speculative tool. Ever since its first bump before 2020 and then after 2021 I still haven't seen a real use for it except speculation.

It's too bad I didn't do anything with crypto and I personally know a few people that retired in their 20s-30s with a couple of moves, while I have to wake up tomorrow to work. I was too broke to put some money into it anyway, now that I have some money it is way out of reach.

Once FOMO sets it you are best to become more of a trader instead of an investor and buy pull backs and sell strength to raise capital over the coming years before the next 'crash'.

Easier said then done depending upon your experience. But inevitably be nibble till you get better, follow the strongest trends to save yourself from pain during drawback periods, and have a big picture mindset that you are saving and raising funds to be prepared for the smaller crashes in the mark-up phase and moreso the next big bottom in 3-7 years to change your life in the game They gave us. The greater market operators will always exhaust those who buy late and create FOMO for those on the sidelines.

Also important to be careful of those online, a great number have alternative motives and are seeded to mislead. Follow your gut, even if its wrong as you'll learn your mistakes quicker then blindly following others. If what I say doesn't make sense to you, throw it out, as everyone's learning curve is individual and your gut will lead you to glory one day, thereafter.

As far as Trump and Elon. Yes, this should be a lucrative period, in my very honest opinion they are the pied pipers, born into the club puppets meant to promote and better legislate crypto on the masses. As well as many other surveillance and control solutions disguised as good, to fix the problems being manufactured. None the less, or even if ones believes it to be all organic, this will be a fruitful time for crypto with them two on the stage.

Many other sectors in the markets will flourish and quite a few equities they have been clearly set-up to boom since 2021 still haven't kicked-off from the long term bottoms on heavy volume, yet. So if you know what to look for you can still change your life. I wont say more then this. But they are out there if you hunt.

Uncanny patience, the ability to continually observe all market phases, the ability to save cash and raise a bit of capital until the short and moreso the long term market pain comes will always unlock the ultimate game changing key to success in the marathon.

My gut and read has always expected this cycle to be 2020-21 with a larger upside coming after a period of consolidation once the initial break-out gets faded Could be more up into the holidays? But chasing to invest is asking for pain to come sooner or later. Again trader vs. investor mindset first, or at least a less ambitious, cautious investor mindset looking for dips and consolidation periods since the initial life changing, break-outs off a long period of low risk entries are well underway in this sector.

What do I know? Trust you own reads.

Good luck

[load management]

Sure, list its profits to earnings and how it makes money. At least gold is used in tech, and physical hoarding. But yes, gold just for the sake of it being gold is the closest comp. But good of you to delete the rest of what I wrote which was bang on.

Physical hording lol

Google how many gold bars costco is selling if you didn't understand the reference/news.

Sorry, but you haven't done enough research to make such claims and provide financial advice. To be clear, you have declared blockchain technology as useless and compared Bitcoin to a business.

FYI google the recent gold deposits found in China.... Unlike Bitcoin they keep adding more in circulation.

[load management]

Does this jump have to do something with Musk and Trump being in government now?

I don't understand it as I mostly see it as a speculative tool. Ever since its first bump before 2020 and then after 2021 I still haven't seen a real use for it except speculation.

It's too bad I didn't do anything with crypto and I personally know a few people that retired in their 20s-30s with a couple of moves, while I have to wake up tomorrow to work. I was too broke to put some money into it anyway, now that I have some money it is way out of reach.

The jump has to do with Nation States around the world accumulating to hedge against mass inflation as it is a superior store of value to gold. This was of course fast tracked by change of government and sentiment in America.

Retail has not bought in yet, as pointed out above, they will be part of the next leg up in price.

Furthermore the volatility of the 4 year cycle is now in jeopardy due to institutional adoption ie. fed reserves, blackrock etc. Might be a bad idea sell all of it at the "expected" cycle top.

[Johnny Bball]

Physical hording lol

Google how many gold bars costco is selling if you didn't understand the reference/news.

Sorry, but you haven't done enough research to make such claims and provide financial advice. To be clear, you have declared blockchain technology as useless and compared Bitcoin to a business.

FYI google the recent gold deposits found in China....

Unlike Bitcoin

they keep adding more in circulation.

https://bitbo.io/how-many-bitcoin/

Yeah it's me who's unaware and they are never adding bitcoin to circulation.

I'm done with this foolishness.