LOL.


My co-worker's friend went absolutely stupid and completely wiped out his savings. He said he was genuinely worried that his cousin would do something stupid.



Coincells on serious suicide watch. (100% srs).


If you know any, just make sure they don't do something stupid. Already a number of coincells who literally roped in the last month, and likely more to come as BTC continues to crash to shiit

Just walk up and buy the dip. Works every time.

Ask the prophet sommi.

IMO crypto is exactly the same as stocks its all based on the hype. The fact that one guy can influence the whole thing simply by tweeting something about it is scary.

why would you kill yourself instead of just waiting to see if it climbs back up? makes zero sense lol

One of the best Technical Analysts in the crypto space has declared we are in a bear market. Take that for what it's worth. (I assure you, he's not the only one.)



He believes there will be a short rally sometimes in Q3, but he believes that the bull market may begin again (only begin) in Q4.

Here to help those scared, coming from someone who seen the crypto market in 2013 at a 10b Market cap. Worth the read.

Back in 2013 I remember when institutions bought it would be the next step. We are still incredibly early with 1-2% penetration rate. It's easy to sway sentiment and manipulate the crypto markets. They know they can shake out retail traders and the whales and institutions will buy back and leave retail chasing higher once again (2013, 2017 retail FOMO).

Just buy and HODL, especially BTC. If you DCA into it every paycheck you will outperform S&P 500 and FAANG. Forget all the noise. 99% of alt coins won't be around for next cycle (equivalent to the 2001 internet crash). Don't have paper hands and sell BTC that's like buying Amazon in 2001 for $60 and selling at $30. Imagine if you just held. Bitcoin is the fastest horse in the race, its growing on an annual basis of 200% a year, and even if that rate gets cut in half at 100%, find me one investment class that will beat that.

Being in crypto in 2013 ill admit I cared about the price, made many mistakes, lost crypto leaving it on an exchange. Every single year people claim "missing the boat" etc. You won't care what prices you bought when BTC is 500k-1m each. This dip in 2025 and 2029 will be a spec on the chart (as is the case in 2017, and 2013) just zoom out.

There will only ever be 21m Bitcoins. 18.7M in circulation leaving 90% mined. Last BTC will be mined in 2140. Owning just 0.28 BTC will put you in the top 1% (yes as little as 0.28) but many want a full BTC.

18.7M circulating
1M owned by Satoshi (never sold never will)
1.7M owned by known institutions
2M owned by whales
Estimated 2M-6M lost forever

Anywhere between 10-13M BTC is available today. That number shrinks each day. Especially every 4 year halving charts. Bitcoin follows Stock to Flow chart perfectly (Plan B on twitter). It only inflates at 1.8% a year similar to gold, but has 10x more value, since gold isn't easily divisible and transferable or portable.

Yes owning 1 BTC is a big deal (it can be subdivided by 100m satoshis), and is the hardest asset money class the world has ever seen. Bitcoin still has flaws in terms of instantenous and free transactions, but that will be built in over time. Adoption shows us at 1995-1997 in terms of internet adoption. Many people thought computers, internet and email will be irrelevant yet billions use it today. Over 3B people have smart phones yet no bank accounts. Bitcoin can change that right away. Including DeFi and being your own bank. It's completely revolutionary.

Every Fiat currency has collapsed (check history). Every reserve currency has collapsed (US dollar will be no different but may take another decade or two). Mass money printing and central banks will lead to that downfall. the US dollar has lost 99% of its purchasing power in the last century. I can go on and on. I hope someone finds this useful and buys and hold. You'll thank yourself in the future.

Crypto is nothing like stocks.


Stock is literally owning a piece of a company. If the value of that company goes up, your stock goes up. Some companies pay you a dividend for owning it. So lets say you put 100K into Verizon's stock. At its current yield they'll pay you $4500.00 per year, broken down by quarter of course.


A dumbed down version of Crypto would be. Lets say your buddy creates his own 'currency'. He convinces you to buy his token for $10. He tells you in the future it might be worth as much as $100.00. So obviously you and a bunch of other buddies load up on it. The more people that get interested in it, the more it begins to cost. Becuase he only has a set number of coins to sell yall and everyone wants in on the action.

Then for some reason or another lets say the whole concept gets scrapped. Suddenly, its worth nothing. Its backed by nothing.. Crypto currently only has the value that its owners/users put on it. Current Bitcoin price is 34k but within just a couple of months it could just as easily be 0.



The technology itself has value but it would require backing or literally a large portion of people coming together and agreeing on its value. There is no accurate way to determine the value of a bitcoin or any crypto.

Really want to see sub 30k.

Don't CATCH a falling knife I know you COINcels think you're GENIUSES with your DCA but PLEASE don't go FULL retarded WAIT for it to FALL and PICK it UP like SOMEBODY with two BRAIN cells to rub together. Could hit sub 20k IN all HONESTY.

Really want to see sub 30k.

Coincells copping hard in this thread. Just buy the DIP brahhhh. To the moon brahhhhhh. It'll go back uppppp brahhhh. Don't sell brahhhh. Get Ponzi Schemed lololol.

Inb4 negs from angry Coincell holders.

damn, that shiit is brutal though. I know some coworker who put their whole life saving in it.

All the people who dumped it at 60k must be absolutely furious that's it's gone down to 30k

Not sure how they'll make it now

I don't know what kind of logic someone can use to justify putting life savings into crypto.

Inb4 we see another 3-5k again like when this fake virus thing happened srs

It will be back up again, it might take a few years, but even the morons who bought at $60k are going to make a good return in a few years if they don't sell.

No one ever sold bitcoin and didn't regret it...

Lol'd at pink wojaicks.

Michael Saylor made perhaps one of the worst business decisions in history.

Dude must be praying for a miraculous turn around.

A lot of people are calling for 20K BTC. His company averaged in @ $43,663 per BTC.