Bitcoin is taking a dump with all the other shtcoins

When you dumping your bags of stablecoins?

Didn’t have any Terra. Don’t like algo-coins that are not fully collateralized.

Most of my earnings from crypto (i.e. the 120X) have been moved to my trusted stable coin lending/liquidity pools earning 5-10%. I still have some exposure to crypto currencies but I am quite happy with what I’ve made so far and will ride out the medium-term on modest gains.

By dumping your BTC asap and putting the money into a diversified and conservative investment portfolio. Bitcoin is going back down to where it was before Fed pumping at the outset of the pandemic and possibly lower. Coinbase is in freefall and will probably be bankrupt soon. Crypto has failed the last test of whether it is actually something that has intrinsic value or whether it is just a Ponzi scheme. Crypto was supposed to become an international currency that would be more efficient than fiat currency because everyone would do business with crypto accounts instead of having to trade Yuan into dollars and then dollars into Pesos. That never happened. The only justification for crypto left was that it would be an inflation hedge like gold because there are a finite number of crypto coins in circulation. Bitcoin's value has been cut in half since its high this past fall. NASDAQ has taken a beating, but is only off 27% from fall highs. And all the companies that have taken a beating can actually do things to improve their profitability. Crypto is just crypto and will have no appreciation in value now that the free fed money is all gone.

Sorry PR - I was being sarcastic.
I am quite confident in my crypto and non-crypto strategies.

Well I am happy that crypto has gone down I am sad for the people who got fooled into this crud looking for a get rich quick scheme who are going to lose a lot

I am happy that maybe this fraud with elements and layers of a Ponzi’ish pyramid’ish scheme may be coming to an end over the next months to a year

The only underlying value this stuff provides is a dopamine rush. The underlying technology is pretty much useless. That’s why in the long-term you can be pretty confident saying that it all goes to zero or close to zero. Short term there may be idiots who want to pay 100 K for a coin, so if you want to play this trading game then by all means go for it

I think long term it is remembered in category of beanie babies and herbal life type of stuff

I noticed there used to be a lot of meet ups via meetup app on how to make a lot of money with crypto & all kinds of bullsht ( staking yield bs) and all that has been gone the last few months. Usually attractive women hosting them. But No one is hosting meetups anymore.

https://twitter.com/cryptowhale/status/1506304566609989637?s=21&t=1y9gXrurpMrp_njsqk33Lg

Even if my accumulated wealth was solely on the backs of greater fools… I’m still enjoying it.
But I firmly believe this is not the end of crypto. Shall we have a bet? Revisit in 5 years? I’ll put down $5000. We can decide the terms.

I am a firm believer of putting my money where my mouth is. Not just talking. Are you?

Considering that btc will eventually go to zero, it still has a long way to go. Don't worry, it will get there soon enough.

This is pretty funny

cnbc.com

Owning cryptocurrency may make you more desirable on the dating scene, study finds

https://www.facebook.com/CNBC

Investing in digital currencies can impact more than just your financial standing. It may even score you a date.

Open link

HAHA. Can’t you tell Steve, Carmine, and I are knee deep in pu55y?

Was this peak times/peak delusion?

Why is it that at the top of bubbles and fraud & just before it there is some conference in Florida or Las Vegas which is often the spot?

sad

independent.co.uk

‘Life savings’ evaporate as major cryptocurrency collapses 98%

Users of popular crypto forum fear they will become homeless after wipeout

Open link

You only spam links?

That's boring, at least engage a little so this isn't just a vanity project.

Fraudsters got their way damn

Crypto is a joke and a fraud/scam. That’s basically it. Most participants lose in it because it’s a negative sum game.

I was just outside a Whole Foods tonight and overheard a guy listening to a crypto podcast on his speaker phone, I struck up a conversation with him and he’s an Alex Jones InfoWars fan. He told me he got into crypto about a month or two ago and lost 11% in Etherium and was glad he didn’t get into it earlier because he would’ve lost much more (I’m thinking he meant a couple months earlier) . He said Bill Gates and Warren Buffett and Dr Fauci are all evil and Robert Malone invented mRNA and it’s [covid vax] not a real vaccine and it kills people. I told him I got 3 doses and he said but maybe you [sh||tcoin gambler] got the placebo.