Crypto trading

[jaygreenb]

Who the hell looks at a 6 month chart in crypto??

Almost every major player in finance and tech who was a naysayer has conceded this is the future. Starting to think people who still can't accept it are mentally disordered. Granted a lot of cryptos are actually a ponzi but denying there isn't a use case for rules based secure decentralized money and financial services is insanity. The past 2yrs have basically been a giant ad campaign by governments and central banks.

 

[BackInTheGame78]

Almost every major player in finance and tech who was a naysayer has conceded this is the future. Starting to think people who still can't accept it are mentally disordered. Granted a lot of cryptos are actually a ponzi but denying there isn't a use case for rules based secure decentralized money and financial services is insanity. The past 2yrs have basically been a giant ad campaign by governments and central banks.

My point was that a 6 month chart in crypto is like 20 years in stocks. It's irrelevant in trying to determine anything.

 

[DEEZEDBRAH]

It's one of those times that I really have no clue what the market is going to do, nothing would surprise me. PTSD from 2018 just makes me lean bear to be mentally prepared for a longer duration haha

Same. I wish I had gone in harder when there was the 1st meeting with the fed. I did a bit but I expected a big crash. I still do. Got dry powder ready to go. It eats away at me with the current level of inflation.

 

[DEEZEDBRAH]

Almost every major player in finance and tech who was a naysayer has conceded this is the future. Starting to think people who still can't accept it are mentally disordered. Granted a lot of cryptos are actually a ponzi but denying there isn't a use case for rules based secure decentralized money and financial services is insanity. The past 2yrs have basically been a giant ad campaign by governments and central banks.

If you have been watching what's gone on the past years, crypto has been the ultimate resource. Particularly with the draconian nature's of most world government.

 

[Bingo-Player]

. The past 2yrs have basically been a giant ad campaign by governments and central banks.

To people that understand what they are doing yea

Problem is 80% of the population don't they just do whatever their governments and national media tell them most dont even understand what a fiat currency is let alone DEFI

The elite have spent millennia building this system they are not going to allow a renegade decentralised currency to threaten it

It has been allowed to get to this stage for a reason possibly by accident but i am far more skeptical and believe it is by design

 

[SargeMaximus]

Hopefully helps you recoup that btc short

Lol it was small just to test my theory. Meanwhile anyone in the oil play HUSA made 494% in a single day yesterday

 

[SargeMaximus]

If the US was smart they'd start releasing some reserves and subsidizing the US shale drillers to heavily offset what Russia supplies in oil.

At one point the US was supplying the most barrels of oil per month in the world not too long ago when the shale drillers were running fully.

There is no reason why the US can't easily replace the oil we get from Russia.

Yup. HUSA up 494% yesterday in a single day

 

[BackInTheGame78]

Well then...that was a nice bounce...

 

[jaygreenb]

To people that understand what they are doing yea

Problem is 80% of the population don't they just do whatever their governments and national media tell them most dont even understand what a fiat currency is let alone DEFI

The elite have spent millennia building this system they are not going to allow a renegade decentralised currency to threaten it

It has been allowed to get to this stage for a reason possibly by accident but i am far more skeptical and believe it is by design

That's anything, there are people that do and people that don't. Just because some do not it doesn't change it's legitimacy.

Looks like regulations are embracing it. It is too embedded into society and powerful people/corps to stop now, cat is out of the bag.

 

[Bingo-Player]

Looks like regulations are embracing it.

I wouldn't bank on it , it's no secret fiat is going to collapse soon inflation is out of control and they can't / don't know how to stop it

They want CBDC's in so need a regulatory framework in for them not to benefit us

The comments made from the SEC were vague and no committal i would wait to read the entire framework before people start singing from the rooftops that the US government is backing bitcoin and sh*tcoins


Just wait ....

 

[BackInTheGame78]

I wouldn't bank on it , it's no secret fiat is going to collapse soon inflation is out of control and they can't / don't know how to stop it

They want CBDC's in so need a regulatory framework in for them not to benefit us

The comments made from the SEC were vague and no committal i would wait to read the entire framework before people start singing from the rooftops that the US government is backing bitcoin and sh*tcoins


Just wait ....

It doesn't matter. It won't matter what happens, you will still find reasons to trash it. Your bias is ridiculous to be honest and the more dumb sh!t you come up with, the more historically idiotic you will look in 10 years.

 

[SargeMaximus]

All it takes is for the government to control your internet. Then they can take your coins whenever they please. No thanks

 

[BackInTheGame78]

All it takes is for the government to control your internet. Then they can take your coins whenever they please. No thanks

They can't. Stop spreading bullsh!t and misinformation. You clearly don't understand how this works so either actually take the time to learn or admit you don't.

There is only one way to "take coins" and that is to get control of your wallet. Phishing sites are the most common way by tricking people into clicking on them and then connecting to the site. Could also gain access if they have your seed phrase.

 

[jaygreenb]

It doesn't matter. It won't matter what happens, you will still find reasons to trash it. Your bias is ridiculous to be honest and the more dumb sh!t you come up with, the more historically idiotic you will look in 10 years.

I think it is just the saltiness of thinking they missed it which in reality is not true. Although I imagine these conversations will deeply haunt him in 5-10yrs.

I wouldn't bank on it , it's no secret fiat is going to collapse soon inflation is out of control and they can't / don't know how to stop it

They want CBDC's in so need a regulatory framework in for them not to benefit us

The comments made from the SEC were vague and no committal i would wait to read the entire framework before people start singing from the rooftops that the US government is backing bitcoin and sh*tcoins


Just wait ....

This is actually pretty sad. The writing is clearly on the wall and you are clinging to some far off theory with no actual evidence, when all data points otherwise.

 

[SargeMaximus]

They can't. Stop spreading bullsh!t and misinformation. You clearly don't understand how this works so either actually take the time to learn or admit you don't.

There is only one way to "take coins" and that is to get control of your wallet. Phishing sites are the most common way by tricking people into clicking on them and then connecting to the site. Could also gain access if they have your seed phrase.

Really? Government can’t control isps? Or add a password requirement before you log into the net? Make having an internet connection a reward only if you be a good little citizen? I wouldn’t put it past them. I’m not spreading misinformation because I never claimed it was fact. But I love that word, easy to see what side of the fence you’re on

 

[Bingo-Player]

It doesn't matter. It won't matter what happens, you will still find reasons to trash it. Your bias is ridiculous to be honest and the more dumb sh!t you come up with, the more historically idiotic you will look in 10 years.

I think i've hit a nerve

 

[Bingo-Player]

It's strange crypto disciples refuse to see any other scenario than it "going to the moon"

I have looked at both sides of the coin and unfortunatley it doesn't add up to me

Bitcoin for example

Can't be used as a payment network ..... to slow , to volatile, to expensive

Claims of it being a store of value are again nonsense because it's underpinned by its exchange to fiat currencies

"it's a hedge against inflation" oh really !?! well to me it looks like its been in direct correlation with the rest of the stock market which has been barcoding / flatline for the last 6 months as inflation begins to take squeeze economies

So what is the next narrative that's going to be pumped as a use case ?

Maybe next year we will be able to build houses out of it .......

 

[BackInTheGame78]

Really? Government can’t control isps? Or add a password requirement before you log into the net? Make having an internet connection a reward only if you be a good little citizen? I wouldn’t put it past them. I’m not spreading misinformation because I never claimed it was fact. But I love that word, easy to see what side of the fence you’re on

That is far different than "taking crypto". Spray enough sh!t on the wall and some sticks tho I guess. If not, just keep moving the target.

 

[SargeMaximus]

That is far different than "taking crypto". Spray enough sh!t on the wall and some sticks tho I guess. If not, just keep moving the target.

Goal post moving bro. Bitcoin made it to 100k last year just like everyone predicted.

 

[jaygreenb]

It's strange crypto disciples refuse to see any other scenario than it "going to the moon"

I have looked at both sides of the coin and unfortunatley it doesn't add up to me

Bitcoin for example

Can't be used as a payment network ..... to slow , to volatile, to expensive

Claims of it being a store of value are again nonsense because it's underpinned by its exchange to fiat currencies

"it's a hedge against inflation" oh really !?! well to me it looks like its been in direct correlation with the rest of the stock market which has been barcoding / flatline for the last 6 months as inflation begins to take squeeze economies

So what is the next narrative that's going to be pumped as a use case ?

Maybe next year we will be able to build houses out of it .......

You really have no clue what you are talking about. Not sure why I am wasting my time.

Layer two solutions will handle small transactions then settle in bulk on the base layer. Lightening network is already handling daily transactions in El Salvador, they also can run fiat currencies on their payment rails which greatly reduces the fees associated with visa, mastercard, amex etc

All markets are somewhat interconnected since many of the same people operate in both and there is so much leverage in the market. In a liquidity event many assets get sold off.

Over the long term, it has been a great hedge against inflation. You should of included the previous years returns, all emerging fast growth tech is highly volatile. Nature of the beast.