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Just now, GutterBoy said:

Did I say it was a bad investment?  Its not funny that he called for 250 and it's 1?  Stop being such a whiny b!tch.

You called it a Ponzi so yes you have called it a bad investment.

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Just now, Cdub100 said:

You called it a Ponzi so yes you have called it a bad investment.

It is a ponzi, but ponzi schemes work as long as your not the last guy in.

Lighten up sally

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4 hours ago, iam90sbaby said:

Yeah I was off, I still made a ton of money though so I'm good. I bought in early.

I do still think BTC hits a quarter million, not until the next halving though.

Damn. You gave gutterfinance  the exact response I was hoping you would NOT give, though im not really surprised... The old “I made money so im good” response. 

I say this because you were very much one of the group saying this was going to replace fiat, so you didn’t care about ups and downs as you were HODLing until it replaced the USD.

is that not still the narrative? I suspect it hasn’t been for quite some time now but I do find it comical. 

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8 minutes ago, GutterBoy said:

It is a ponzi, but ponzi schemes work as long as your not the last guy in.

Lighten up sally

It gets old watching you clutter up this thread with your stupid post. You are 100% wrong about crypto. You bumping a post from 2017 proves how wrong you are, but you're too focking retarded to understand how dumb you look right now.

Go back to defending pedos. 

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On 6/15/2022 at 9:55 PM, Cdub100 said:

It gets old watching you clutter up this thread with your stupid post. You are 100% wrong about crypto. You bumping a post from 2017 proves how wrong you are, but you're too focking retarded to understand how dumb you look right now.

Go back to defending pedos. 

Even though you're an idiot, I don't want to see you lose all your money in Celsius.

Talked to a friend today who told me that some hedge fund went under, massively leveraged, and that is what is causing the liquidity problem with Celsius.  He was telling me they probably go under this weekend.

He was telling me everyone is clearing their coinbase accounts to be safe.

https://www.wsj.com/articles/celsius-is-crashing-and-crypto-investors-are-spooked-11655371801

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5 hours ago, GutterBoy said:

Even though you're an idiot, I don't want to see you lose all your money in Celsius.

Talked to a friend today who told me that some hedge fund went under, massively leveraged, and that is what is causing the liquidity problem with Celsius.  He was telling me they probably go under this weekend.

He was telling me everyone is clearing their coinbase accounts to be safe.

https://www.wsj.com/articles/celsius-is-crashing-and-crypto-investors-are-spooked-11655371801

Celsuis liquidation is at 14k BTC I believe. I'm hopeful we stop crashing and build from here or trade sideways. 

I can wait years because that's my original plan. I can't stomach bankruptcy.

I also need stETH to peg back to ETH.

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10k for btc?  Celsius and binance both go under?  This is looking real scary

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44 minutes ago, GutterBoy said:

10k for btc?  Celsius and binance both go under?  This is looking real scary

HODL

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I need to figure out at what price I want to buy Bitcoin. 

 Should I hold out for 10k or should I look at buying sooner.

I do like the chance of it hitting 50k again, but that is a long way in the future.

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4 minutes ago, MTSkiBum said:

I need to figure out at what price I want to buy Bitcoin. 

 Should I hold out for 10k or should I look at buying sooner.

I do like the chance of it hitting 50k again, but that is a long way in the future.

Ask those who are HODLing where their ultimate bottom is.  That’s where’d I’d buy.

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10 hours ago, MTSkiBum said:

I need to figure out at what price I want to buy Bitcoin. 

 Should I hold out for 10k or should I look at buying sooner.

I do like the chance of it hitting 50k again, but that is a long way in the future.

Remember though that the two major moves upward in BTC were

1. FOMO from summer 2017 ramped up through EOY. 

2. The renewed craze in the fall of 2020 when many stocks were still rocketing from Covid recovery. (The market had dropped dramatically March 2020 but no sane person thought the covid drop would last). 
 

I am not anti BTC as an investment at the right price, just saying there needs to be a catalyst in place. 
 

going back to 1. You didn’t need to catch any dips, you could have even been decently “late to the party” and made good money. FOMO was evident as early as 2K and could have been ridden to 12K and out even though it went decently higher. 
 

going back to 2. You didn’t need to catch a bottom in March 2020. You could have bought as it was rising (like lots of pandemic beaten down stocks) in April around 8k and, well, held for roughly a year and sold at 55K. I’m using a year even though there’s no long term capital gains tax benefit like there is with stocks. 
 

so for myself, I think I’ll be looking for a bottom followed by a sustained rise before giving it another go. Example, if it dips under 10k but then rises back above and steadily climbs to 12, 14, I might then jump in around 15 feeling confident that next big spike can happen. 

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It's crazy how many folks are trying to get in front of the media/camera so they can shout "Don't worry folks, Bitcoin is still going to 100K" or "This is nothing more than a buying opportunity".


"Bitcoin is the lifeblood of society. If we go to civil war, its the one thing people will want!" 

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On 6/18/2022 at 11:21 AM, MTSkiBum said:

I need to figure out at what price I want to buy Bitcoin. 

 Should I hold out for 10k or should I look at buying sooner.

I do like the chance of it hitting 50k again, but that is a long way in the future.

My 2 cents is I would wait for the Celsius stuff to work itself out.  We'll have plenty of bad inflation data which will drag down these hedges against inflation (¿que?) so you'll get a chance to buy at these levels.

And keep an eye on this Solend situation.  They have some single account that is leveraged to the hilt and they tried to commandeer the account to manage the deleveraging. 

What's scary is they tried to do that in the first place, but after blowback they put the policy to a community vote and 1 account constituted like 85% of the vote.  That whole situation is just shady as fūck.  The whole point is decentralization, but the way this is shaking out is the guys with the most money and the exchanges are replacing banks with a bonus that there's no regulation.  Not sure how this is better than what we have now.  This one account is propping up the entire Solana ecosystem, and people seem to be cool with it.  This story just keeps getting worse.

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30 minutes ago, nobody said:

My 2 cents is I would wait for the Celsius stuff to work itself out.  We'll have plenty of bad inflation data which will drag down these hedges against inflation (¿que?) so you'll get a chance to buy at these levels.

And keep an eye on this Solend situation.  They have some single account that is leveraged to the hilt and they tried to commandeer the account to manage the deleveraging. 

What's scary is they tried to do that in the first place, but after blowback they put the policy to a community vote and 1 account constituted like 85% of the vote.  That whole situation is just shady as fūck.  The whole point is decentralization, but the way this is shaking out is the guys with the most money and the exchanges are replacing banks with a bonus that there's no regulation.  Not sure how this is better than what we have now.  This one account is propping up the entire Solana ecosystem, and people seem to be cool with it.  This story just keeps getting worse.

https://www.cnbc.com/2022/06/20/users-of-defi-app-solend-block-attempt-to-take-over-whale-account.html

95%

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Bitcoin Value

Nov 1, 2021... $60,950

Dec 1, 2021... $57,180

Jan 1, 2022... $47,733

Feb 1, 2022... $38,778

Mar 1, 2022... $44,404

Apr 1, 2022... $46,296

May 1, 2022... $38,472

Jun 1, 2022... $29,789

current (Jun 22, 2022)... $20,211

:lol:

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Once we start seeing signs inflation is coming down, the fed will stop raising rates, and the stock market will turn around.   Crypto will likely take off again.  It's just a leveraged, speculative tech play.

So yeah when the nasdaq drops 10%, crypto drops 60%, but the inverse will also be true.  When the nasdaq starts going up, crypto will likely go up 6× the rate.

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23 minutes ago, nobody said:

Once we start seeing signs inflation is coming down, the fed will stop raising rates, and the stock market will turn around.   Crypto will likely take off again.  It's just a leveraged, speculative tech play.

So yeah when the nasdaq drops 10%, crypto drops 60%, but the inverse will also be true.  When the nasdaq starts going up, crypto will likely go up 6× the rate.

There's probably some truth to that, but when an "investment" loses 60% of value in 8 months many "investors" will be scared off. At least companies can project realistic revenue and profit. Crypto is based on the bigger sucker theory and every time it crashes, there's less suckers.

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I see at as a venture capital play.  Promising tech.  No real plans on how it will be used, but it's new and exciting so let's throw some money at it.  Maybe you get the 100x return and maybe you lose a bunch of money.  

If people get that, it's fine.  The guys that I think are in trouble are the guys that are so sure it's bound to replace fiat or don't realize there is still a ton of uncertainty here.

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