Crypto crash has begun -bit oin below $47k and falling fast | |
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Anonymous Coward User ID: 79316086 United States 02/23/2021 04:27 AM Report Abusive Post Report Copyright Violation | Honestly that said, i'd probably buy in at 20K(and I never would have bothered with crypto). It's all pump and dump, the peak was mid 50's, if it pulled back 50 percent I'd through a few bucks into the next pump. The trick is not being on the tail end of the final dump for this worthless digital currency(it's not the currency, but the infrastructure, power, that won't be there much longer). |
Anonymous Coward User ID: 79316086 United States 02/23/2021 04:31 AM Report Abusive Post Report Copyright Violation | The most volatile aspect of crypto is the the backbone. Power and network infrastructure. I don't know many people that expect those to hold up when everything comes tumbling down. Once we are all "offline", the only true value is barter for goods. Ammo, food, water, silver and gold, etc. Crypto is as good as a 10K dollar bill when it's all hand to mouth and shooting those that want to take everything you(physically) have. |
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Anonymous Coward User ID: 25810822 United States 02/23/2021 04:32 AM Report Abusive Post Report Copyright Violation | Cointard: "A 20 or 30 percent loss in value is completely normal for this super stable long term asset protection medium. Quoting: Anonymous Coward 79316086 Honestly that said, i'd probably buy in at 20K(and I never would have bothered with crypto). It's all pump and dump, the peak was mid 50's, if it pulled back 50 percent I'd through a few bucks into the next pump. The trick is not being on the tail end of the final dump for this worthless digital currency(it's not the currency, but the infrastructure, power, that won't be there much longer). Well what you are describing is exactly what's happening. It's going to continue to fall. And just four reference sake I believe it was only 6 months ago that Bitcoin was at 14 or $15,000 |
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Anonymous Coward User ID: 79316086 United States 02/23/2021 04:33 AM Report Abusive Post Report Copyright Violation | In less than a week it has gone up 17% and down 17%. Quoting: Anonymous Coward 78139144 That tells me that it's being manipulated. If you are familiar with stocks/currency or commodities, it would tell you it's highly unstable and not much more than a glorified penny stock with regard to volatility. If you live on 4chan and don't have two hundred to rub together, I can see how you'd think it's something more mystical. |
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Anonymous Coward User ID: 79316086 United States 02/23/2021 04:50 AM Report Abusive Post Report Copyright Violation | Just kidding, , only an idiot would sell now. Buy, cause it's only going to go up from here. Quoting: Anonymous Coward 72986179 Exactly, 20 million per coin by january, then 60K in february, but then back to 20 million by june, then only 100K. Up and down, tons of money to be made, right before the last pump when a new digital comes out backed by all the major gold holders and big money institutes that come up with their own coin, and then right to zero. Buy low, sell high, but holding long is for idiots that don't understand the power dynamic of the few that hold all the wealth in the world(they aren't just going to go away silently). |
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Anonymous Coward User ID: 73649866 United States 02/23/2021 04:51 AM Report Abusive Post Report Copyright Violation | In less than a week it has gone up 17% and down 17%. Quoting: Anonymous Coward 78139144 That tells me that it's being manipulated. Tesla made a fast pump and dump profit LOL ppl are saying- according to Crypto Quant it was caused by a massive 3200+ BTC outflow by the mining pool F2Pool. They have done this before and some suspect for price manipulation. |
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Anonymous Coward User ID: 79316086 United States 02/23/2021 04:53 AM Report Abusive Post Report Copyright Violation | The 10 or so families that hold the bulk of the worlds wealth aren't just going to give that up to a few tards with overclocked video cards. Bitcoin is boom and bust, tons of money to be made, but nowhere near "the real money"(100's of trillions). It will NOT....EVER...be a major currency or hold for wealth. THEY, you know, THEY, will make their own and it will have more to do with the current physical assets THEY hold than some bits and bytes some ftard came up with. |
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Anonymous Coward User ID: 79316086 United States 02/23/2021 04:58 AM Report Abusive Post Report Copyright Violation | In less than a week it has gone up 17% and down 17%. Quoting: Anonymous Coward 78139144 That tells me that it's being manipulated. Tesla made a fast pump and dump profit LOL Elon has frequently been at odds with the SEC with regard to manipulating securities with his online comments. While I like him, he's a smart guy, I know he's frequently prone to manipulating markets. Even to the dullest mind, it's pretty obvious his motives. |