Who's going in on CryptoCurrencies? XRP - Bitcoin

CCarter said:
Odd... I literally showed over and over where the source of funding for crypto has been coming from (funding that is slowing down). There was literally no attempt to refute the data, analysis, or claim of source of funding (margins, increase in interest rates, etc). Just hope and prayers I guess.

Apparently facts are impervious to the bitcoiners. This is a religion or cult at this point.
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So you think... You know more than Ivy League schools, Top investment firms, etc?

just a question.

I'm not even here to dispute your information. I just know simple logic.

Billions of dollars have been put into infrastructure by credit card companies, banks, etc.......... You really think they will let that go?
 
EyesExist said:
Ivy League schools, Top investment firms, etc?
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The Dotcom Bubble bursting in the late 90s would be a prime example. Investment firms bought into a dream and crashed and burned.

EyesExist said:
Billions of dollars have been put into infrastructure by credit card companies, banks, etc.......... You really think they will let that go?
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The real estate bubble bursting in 2008 cause by those same banks is the next example. Banks failing cause of bad investments.

Investors and institutions lose money all the time, otherwise they'd all be trillionaires if all they did was win.

Time and time again I give you guys sources, facts, data and in-depth analyses of why XYZ is happening and it just goes in one ear and out the other.

The ironic thing is I posted my recent exit at the near the top of bitcoin in this same thread and people wondered why... yet here we are at another crash. I literally have been saying the rise was funded by free money on margins, and eventually free money HAS to stop. The Fed literally announces this stuff well in advance. Just put 1 and 1 together and the result HAS to be a crash. This isn't rocket surgery.

Who is the smart one here? The guy taking profits and knows it's a game of musical chairs or the people hoping and praying?

I come in with data. All I see is you guys coming in here with hope. Where are the new funding sources going to come from? It'll be interesting to see.
 
@CCarter

I agree on the fed's actions with regards to inflation & crypto. Same reasoning has made the giant stock market + housing price increases.

Question is - does the gov't actually have the balls to pull back? Is excessive money printing just quite possibly the new norm? Is $10 gas in a booming economy better than the brutal hangover that's to come by pulling back? I've long thought they'd cut this shit out, but they just keep going with it! My bearish "real world" sentiment has lost me some good $$$ in these wild times.

So given two options:

1. Have $10 gas
2. Crash economy

I could see gov't opting for #1. Real-world gold-bugs (Peter Schiff) have been bitching about the economy and the "big crash" for like 20 years. The gov't doesn't really ever pull back from the printing. The rational world never arrives.

Soooo....they can't stop this merry-go-round they created. And no president wants to be involved with that about-face carnage "on their term".
 
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Zach said:
Soooo....they can't stop this merry-go-round they created. And no president wants to be involved with that about-face carnage "on their term".
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The reality is it's way too late now. The impact of just 2020 printing hasn't caught up. We haven't factored in 2021 printing.

All you can do is what I do, control your own environment and take profits when you see the opportunity and get ready. All empires that have over-extended themselves financially collapsed. Greece, Rome, Germany.

Death rates have outpaced birthrates in the UK, Canada, USA, Korea, a lot of Europe, and now China got rid of their one child policy cause the population is declining. Why? Cause people can't afford to have kids. Why? Cause prices are already too high and we haven't even gotten to $10 gas yet.

So not only do we have crazy prices in our future, our grandkids are going to have to foot the bill.

Solution: keep your head down, make as much money as possible, stay focused on your goals and family, and when the time comes you can use your cash to become Robber Baron of the 21 century, buying up all the assets for pennies on the dollar.

Something to look into history is the roaring 20s, 1920s, when the stock market went through the roof, until Black Tuesday on Oct 29, 1929. After that came 14 years of depression and it took a war to get us out of it.

If you study history you can see the pattern of what's coming. The smart people can profit off of that.
 
"If you study history you can see the pattern of what's coming...."

I suppose it's all about timing. I've pretty much thought what you've written, it's just I thought that 5 years ago too. Every year I keep getting surprised the wheels are on the wagon. I'd love to be wrong about it all and not see a wild-ass crash. I must say the gov't has been pretty nifty about avoiding it or effectively kicking the can down the road, however fucked up their methods may be.

Sometimes it feels like this time the bottom of the economy has to fall out for things to stop working. Like they'll print away until something ridiculous and catastrophic happens. It'll be the worst experience this nation (and world) has ever had to deal with outside of wars. Shit those are probably coming too.
 
CCarter said:
The Dotcom Bubble bursting in the late 90s would be a prime example. Investment firms bought into a dream and crashed and burned.



The real estate bubble bursting in 2008 cause by those same banks is the next example. Banks failing cause of bad investments.

Investors and institutions lose money all the time, otherwise they'd all be trillionaires if all they did was win.

Time and time again I give you guys sources, facts, data and in-depth analyses of why XYZ is happening and it just goes in one ear and out the other.

The ironic thing is I posted my recent exit at the near the top of bitcoin in this same thread and people wondered why... yet here we are at another crash. I literally have been saying the rise was funded by free money on margins, and eventually free money HAS to stop. The Fed literally announces this stuff well in advance. Just put 1 and 1 together and the result HAS to be a crash. This isn't rocket surgery.

Who is the smart one here? The guy taking profits and knows it's a game of musical chairs or the people hoping and praying?

I come in with data. All I see is you guys coming in here with hope. Where are the new funding sources going to come from? It'll be interesting to see.
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Everything good comes to a 'slow down'

The 'crash' still doesn't match the amount of profit made

Far more WINNING than losing.

We're still making Trillions off the internet today

A temporary 'crash' doesn't mean much ...... TO ME............ I survived these things as many others did.

Money can't disappear. It's physical. It cant. It's just about who's going to go find it.
 
Money doesn't even exist. It came off the gold standard decades ago. There's physical metals that are WORTH money but there's no money that is worth physical metals any more since it came off the gold standard. There used to be x gold to x dollars and now there's x gold worth 1/x dollars. The Fed prints more and more money every day yet they aren't minting gold to match.

Money only exists as a value store because society values it, but it's controlled by central banking via fractional reserve. You could wake up tomorrow to find all your money is worthless just like Venezuala did. All the "money" in your banks gone. Then what?

Banks appear to have put billions into crypto yet the same banks freeze you when you off ramp into fiat "because your type aren't welcome here" (that was the excuse given by LLoyds bank in the UK to someone trying to off ramp). They won't even allow ANYONE to on ramp. https://www.thesun.co.uk/money/5500...an-customers-buy-cryptocurrency-credit-cards/

Lloyds bank has distanced itself from crypto and does not allow customers to send or receive funds from any crypto exchange. This also extends to Halifax and Bank of Scotland. HSBC strictly prohibits customers from sending or receiving money from any crypto exchange.5 days ago
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https://www.investomania.co.uk/what-uk-banks-are-banning-crypto-buying/

Crypto doesn't exist, fiat doesn't exist either. Only value stores exist, and only as long as society values them.
 
secretagentdad said:
https://www.yahoo.com/finance/news/babydoge-coin-now-favorite-amongst-152157566.html

Here’s the new yahoo pump.
I bet they can really blow this up.
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hilarious but yup.. could happen

My guess though..... new prediction

When the economy dumps

We're going to see the biggest pump into Bitcoin to date and it may effect all cryptos that are like Top 20

It feels like we're getting closer to that point with the new Viruses all over

Just my guess.... Virus will pump the great reset
 

Congress Introduces A Game-Changing Crypto Bill As The Price Of Bitcoin, Ethereum, BNB, Solana, Cardano, XRP Sinks​

https://www.forbes.com/sites/danrun...bnb-solana-cardano-xrp-sinks/?sh=6f79c5121d7b

his past Wednesday, Minnesota Republican Representative, Tom Emmer, introduced a bill that would put a damper on the Fed’s powers in issuing a digital currency directly to American citizens, which he thinks would put the nation on an authoritarian path.


“Requiring users to open up an account at the Fed to access a US CBDC would put the Fed on an insidious path akin to China's digital authoritarianism," he said in a statement. "It is important to note that the Fed does not, and should not, have the authority to offer retail bank accounts."
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"Rough day?"
"Rough life, Jack, rough life."​

No wagyu tonight, back to the basics:

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--

I still wonder where the crypto guys are going to get the new funding from... A simply question, yet elusive.
 
I dont play crypto for short term anymore

I was for a second but now I'm buying to hold........................ when the Whale come back to Cali, the people will be back at the shores spectating

nothing new

Stock market is also

Feds will announce new interest rate next week. It's expected to be a short bust, Whales will be done with feasting and come back

Short money that couldn't hold out... Lose everything.. those who have time to wait, start to swim with the whales

Look where the market was at when this post started...........Lol Every dip there's the "oh look.. i was right" nonsense. Then those people get quiet when it bounces back.

Anything can happen but smart money........................... has been engaged with cryptos for a reason.
 
I don't think this is just another dip.

Inflation is getting out of hand and the FED can't keep interest rates at 0 for much longer. Bitcoin is another emerging market, and we know what happens when interest rates go up in those markets.

Also, be prepared for websites multiples to go down if rates go up.
 
EyesExist said:
Then those people get quiet when it bounces back.
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You have a selective memory, I was talking shit about buttcoin when it was going up the most, IN THIS THREAD. I'm never quiet.

You on the other hand never answer any of the questions (where is the new funding going to come from?) or acknowledge the data and facts presented to you, ever. Never ever.

I go into details and you ignore and talk about fairytales of milk and honey flowing forever.
 
CCarter said:
I was at a bar this afternoon talking to a girl from my office. Another across the bar was making eye contact but looking anxious and nervous. I was like wtf, hmm, odd. She was there with a couple, so she was the 3rd wheel. Some dude kept walking up and talking to her and showing her shit on his phone. I wasn't paying too close attention but every-time I looked at her he was showing her shit on the phone. She had that fake smile on, nodding and looking at him talk.

I didn't think anything of it till I went to the bathroom, and she was there. Unfortunately I was on the phone, but she said "Hi!" all excited. I said "What's going on?" as I tried to pass her - I don't need drama. She jumped in front of me blocking my way. I'm like WTF, I don't know this girl. I had to stop my phone conversation, and I look at her dead in her eyes and said, "I hope that fucker is not talking to you about bitcoin."

She burst out laughing and the girls in the ladys' room burst out laughing too (door was open cause of Covid).

Turns out, he was.

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Are you guys sick in the fucking head?!?! There were 8 girls in the bathroom angrily talking aggressively to ME about how they are sick of these guys talking about crypto. I'm just trying to take a piss. "Ladies I'm in the same fucking boat!" They were acting like I was Satoshi.

I bought a round for the group of girls when I got back. Other girl went back to the 3rd wheel, she was not happy. Goddamn guys! No one gives a fuck about your goddamn jpegs and NFTs!!

That dude fucked up a great opportunity cause he was going on and on about buttcoin. She was there to FUCK. And this clown is talking about jpegs... wtf

Buttcoin is not going to save you guys... just my public service announcement for the month.

Fuck off and Happy Thanksgiving!
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... And then everyone applauded, and you gave a long speech to boost your inflated ego even more? :happy:
 
I'm pleased to have lost 30%+ since I bought in with a bit of spare change in Crypto.

Every ounce of my rational being was telling my brain that tradie friends talking crypto meant the market was due for a crash, but since I'm having a midlife crisis and trying new things, I decided to go against my gut.

Thus, gut has been proven correct, and can now be trusted in the future once again.
 
A guy where i'm at has $15-mllion of BTC in his wallet and bought a business (strip club) in this South American country just to get dual citizenhip

while @CCarter tells you dont buy
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EyesExist said:
while @CCarter tells you dont buy
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Like I said, completely avoids questions and goes into fairytales, perfect politician. "Some guy I know" - meaning NOT YOU.

You can't make this stuff up. They tell on themselves so easily.

I guess you are buying the dip cause of the "guy you know", right?

Yet I post my trades in this thread, post your wins if you are real.

... InB4 more fairytales...

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I’ll buy in again once my tradie friends panic sell
 
Fucking Crypto.

I estimate it will be a 2 year bear market which means I am now trapped in shitty positions for 2 years with large amounts of funds suddenly becoming non deployable.

It will bounce but it won't be anytime soon boys.
 
There are too many stories of massive investment into this space for CCarter question, so here is a broad story about VC money. https://finance.yahoo.com/news/cryp...may-lead-to-more-ip-os-in-2022-185523469.html

Last year I spent a total of $15k to invest in crypto. I lost around $7k before the summer F'ng around chasing trends. Then I found my primary investment in an NFT infrastructure company with the final amount and have been staking during ups/down, selling a little to fund something else etc... I made $22k from the Ethereum Naming Service, by just owning a couple .eth domain names from an airdrop. I sold it to invest in that same NFT company. It took me a while Fn around with small change to start flipping NFT's (profile pictures) and made positive there but nothing to brag about (not in that anymore). I am up on my total investment my money completely self-sufficient in the ecosystem (Buying, selling other things). I plan on buying only NFT infrastructure-type projects when the price gets down to where I think will easily 10x imo etc... I am primarily in the ETH ecosystem and hold ETH indirectly (use for gas, liquidity pool pairing).

I'm not a MAXI, because all the good projects will be blockchain agnostic. So, I don't want to try and bet on who will be the winner. I'll bet on the apps that are blockchain agnostic and building something that has a use case like NFT's.

I think NFT technology will be the first to be omnipresent.

"Buy when there's blood in the streets, even if the blood is your own." Baron Rothschild

 
MrMedia said:
I estimate it will be a 2 year bear market which means I am now trapped in shitty positions for 2 years with large amounts of funds suddenly becoming non deployable.
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2 years is very optimistic. The funding doesn't support the optimism, at least not from banks loans, perhaps other types. I stated we probably won't see reduced interest rates till 2030, MAYBE, if even then.

NetZero said:
There are too many stories of massive investment into this space for CCarter question, so here is a broad story about VC money.
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No you aren't going to get away with that. I have specific asked where the funding is coming from, meaning funding for buying and raising the price of crypto.

I'm literally the only person that went into details of how crypto was being funded. No one wants to hear it was based off of 0% interest rates, but it was the reality.

You are seeing the real estate bubble of 2008 all over again. I don't just talk shit I provide data:

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Dot-com bubble, real estate bubble, crypto bubble... on to the next one.

It's not rocket surgery guys... I want to give you guys the benefit of doubt that you understand what margin debt is. When over 70% of crypto is funding on margins... what happens when the debt calls??!?!?

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A crash.

What should terrify you is that the interest rates hasn't even been raised YET. It's just scheduled.
 
CCarter said:
2 years is very optimistic. The funding doesn't support the optimism, at least not from banks loans, perhaps other types. I stated we probably won't see reduced interest rates till 2030, MAYBE, if even then.



No you aren't going to get away with that. I have specific asked where the funding is coming from, meaning funding for buying and raising the price of crypto.

I'm literally the only person that went into details of how crypto was being funded. No one wants to hear it was based off of 0% interest rates, but it was the reality.

You are seeing the real estate bubble of 2008 all over again. I don't just talk shit I provide data:

TfpCSat.png

Dot-com bubble, real estate bubble, crypto bubble... on to the next one.

It's not rocket surgery guys... I want to give you guys the benefit of doubt that you understand what margin debt is. When over 70% of crypto is funding on margins... what happens when the debt calls??!?!?

uM6RPtF.jpg

A crash.

What should terrify you is that the interest rates hasn't even been raised YET. It's just scheduled.
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Thoughts on where interest rates are likely to end up?

Double digits seems like a post apocalyptic scenario…
 
@CCarter You've given the fed so much love for the role they play but you should check out Tether, another thing inflating crypto massively.
 
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