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Forum » Crypto combined loss of 1.5 TRILLION this week
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Thread: Crypto combined loss of 1.5 TRILLION this week

post 1655222373 01-29-2022, 08:52 AM
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Crypto combined loss of 1.5 TRILLION this week

lmao every time i see miscers posting about how they are going to buy and go full in this kind of stuff happens a couple of days after that.


inb4 now is a great moment to buy etc.
post 1655222463 01-29-2022, 08:54 AM
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  1. Fang2
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Inb4 that tradie who thinks he's a crypto experr
RIP Pedro Suarez Vertiz. Te queremos Hermano

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post 1655222573 01-29-2022, 08:56 AM
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I'm still in the green...
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post 1655222583 01-29-2022, 08:56 AM
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Cheap/Free money has created bubbles all over the financial markets, including crypto.
You don't have to be great to start, but you have to start to be great.
post 1655222593 01-29-2022, 08:57 AM
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Originally Posted By litljay⏩
Cheap/Free money has created bubbles all over the financial markets, including crypto.
cringe
post 1655222743 01-29-2022, 08:59 AM
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I watch this whale wallet that holds $4.7B in btc. Rumors it might be Elon's.

https://bitinfocharts.com/bitcoin/ad...PQUpe554WKDfHQ
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post 1655222773 01-29-2022, 09:00 AM
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Originally Posted By messomi⏩
cringe
what's cringe about that statement?
You don't have to be great to start, but you have to start to be great.
post 1655223093 01-29-2022, 09:06 AM
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  1. MajorTendonitis
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Originally Posted By keyboardworkout⏩
I watch this whale wallet that holds $4.7B in btc. Rumors it might be Elon's.

https://bitinfocharts.com/bitcoin/ad...PQUpe554WKDfHQ
Rumour has it he forgot his password
Back with my Fam
post 1655223393 01-29-2022, 09:15 AM
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This might be a downright premeditated crash where the elites will replace all current crypto with their mandatory digital currency and I'm not saying this lightly. Its scary
post 1655223963 01-29-2022, 09:25 AM
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well the only usefulness of these threads on the misc is to post them a few years later when btc/total crypto market cap reaches another all time high, as it happened after every crash before

see you then nocoincel
post 1655224393 01-29-2022, 09:34 AM
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One thing different this time around is the White House talking about regulating crypto. If so, no bueno. If that's all BS, then expect it to be hit another peak in 18-24 months.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1655224413 01-29-2022, 09:34 AM
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Originally Posted By Raylan⏩
well the only usefulness of these threads on the misc is to post them a few years later when btc/total crypto market cap reaches another all time high, as it happened after every crash before

see you then nocoincel
Wish I had a crystal ball, but the company that manufactures them went bankrupt
Back with my Fam
post 1655224633 01-29-2022, 09:39 AM
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Originally Posted By RiceBrah93⏩
This might be a downright premeditated crash where the elites will replace all current crypto with their mandatory digital currency and I'm not saying this lightly. Its scary
It doesn’t work that way. Relax.

There is no replacing btc with something else, it’s not how math and computers work. Btc can not be killed. Governments and big boys are buying it while retard retail is selling in a panic.
post 1655224823 01-29-2022, 09:44 AM
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Originally Posted By kusok⏩
It doesn’t work that way. Relax.

There is no replacing btc with something else, it’s not how math and computers work. Btc can not be killed. Governments and big boys are buying it while retard retail is selling in a panic.
I know governments are supposedly buying it but where's the proof? Where's the usage? What if its value drops down to $1000 for example. Will people be like "what a bargain, let me buy" or will they be like "wait a minute, something isn't right here".
post 1655225403 01-29-2022, 09:55 AM
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this again

everytime theres a crash the nocoincels come out trying to justify their idioitic decisions

then go silent when it goes right back up to new ATHs
Future P.A in progress
We're all gonna make it

sleep tight pupper
post 1655225493 01-29-2022, 09:56 AM
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Originally Posted By litljay⏩
Cheap/Free money has created bubbles all over the financial markets, including crypto.
This is more government driven. Lotta countries banning or creating complex rules for crypto. Plus Ethereum winding down to go proof of stake (bullchit) and a few hacks have happened recently (to the tune of several hundred million dollars).
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post 1655225763 01-29-2022, 10:01 AM
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This is why I did not buy a few weeks ago. I knew it could go up or down. It went down. So much for buying the dip.

If you truly understand the graphs, you will know there are no highs or lows to base buying decisions on. It is pure gambling. The other traders are looking at trends too.
post 1655225943 01-29-2022, 10:05 AM
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Originally Posted By RiceBrah93⏩
I know governments are supposedly buying it but where's the proof? Where's the usage? What if its value drops down to $1000 for example. Will people be like "what a bargain, let me buy" or will they be like "wait a minute, something isn't right here".
We know El Salvador is buying openly. Ukraine too. Already several countries are open about it.

Usage? Daily. Someone just sent me money the other day, instant and free using crypto. No need for money orders, checks, fees, or western unions. Only need a phone and a finger to press a button. No bank needed, nothing. Everything is going onto a blockchain now. Everything. Want to close on a house? Done! 1 minute. No need for broker fees, and closing costs, this is already happening. Need to send your resume? Done! Click one button, no need for printers, mail, cutting down trees etc, crypto is simply software, next stage of internet and e-mail.

If bitcoin drops to 1k I would sell my ass to buy more and I’m the Least gay person on earth. During the Dotcom bubble Amazon dropped to five dollars per share, now it’s 3K,
post 1655225973 01-29-2022, 10:05 AM
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If BTC goes down to $500, does that mean it is a bargain, or does that mean most people see a high chance of it no longer being used?

The US dollar holds value because federal law states that everyone must accept the dollar for payment of debt, even foreign countries that want to drop the dollar. BTC has no such legal whip.
post 1655226113 01-29-2022, 10:07 AM
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Originally Posted By Darkius⏩
This is why I did not buy a few weeks ago. I knew it could go up or down. It went down. So much for buying the dip.

If you truly understand the graphs, you will know there are no highs or lows to base buying decisions on. It is pure gambling. The other traders are looking at trends too.
Leverage. It’s based on leverage amount.

When retarded retail investors get margin authority and borrow thousands and even millions of dollars that they don’t actually have to buy bitcoin that leverage can be seen in the charts, Then whales dump a few thousand bitcoins on the market crashing the price causing margin calls and liquidation of the retarded leveraged traders, then the whales simply buy the dip, Rinse and repeat,
post 1655226183 01-29-2022, 10:08 AM
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Originally Posted By Darkius⏩
This is why I did not buy a few weeks ago. I knew it could go up or down.
Incredible knowledge

wow

it could go up or down
Future P.A in progress
We're all gonna make it

sleep tight pupper
post 1655226273 01-29-2022, 10:10 AM
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Originally Posted By MiamiLife305⏩
Incredible knowledge

wow

it could go up or down
buy high sell low that's my motto
<HTC>
post 1655226363 01-29-2022, 10:12 AM
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Originally Posted By Darkius⏩
If BTC goes down to $500, does that mean it is a bargain, or does that mean most people see a high chance of it no longer being used?

The US dollar holds value because federal law states that everyone must accept the dollar for payment of debt, even foreign countries that want to drop the dollar. BTC has no such legal whip.
Given how much bitcoin is in cold storage, meaning it’s off-line in peoples wallets which are disconnected from the Internet and in their safe with 24 passwords, the price is never going to $500, hedge funds and pension funds that are buying bitcoin these days do not sell, these people do not sell, they buy and they hold forever, no weak hands there. There is drainage from the exchanges, soon the supply will be very scarce, then it will be really fun to bring these threats back yet again for an epic bump.
post 1655226393 01-29-2022, 10:12 AM
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The $1.5trillion isn't lost until you sell!

At least if the crash continues, the sheer amount of wealth destruction should curb inflation a bit
post 1655226433 01-29-2022, 10:13 AM
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Originally Posted By Destor⏩
The $1.5trillion isn't lost until you sell!

At least if the crash continues, the sheer amount of wealth destruction should curb inflation a bit
cringe
post 1655226523 01-29-2022, 10:14 AM
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Originally Posted By kusok⏩
We know El Salvador is buying openly. Ukraine too. Already several countries are open about it.

Usage? Daily. Someone just sent me money the other day, instant and free using crypto. No need for money orders, checks, fees, or western unions. Only need a phone and a finger to press a button. No bank needed, nothing. Everything is going onto a blockchain now. Everything. Want to close on a house? Done! 1 minute. No need for broker fees, and closing costs, this is already happening. Need to send your resume? Done! Click one button, no need for printers, mail, cutting down trees etc, crypto is simply software, next stage of internet and e-mail.

If bitcoin drops to 1k I would sell my ass to buy more and I’m the Least gay person on earth. During the Dotcom bubble Amazon dropped to five dollars per share, now it’s 3K,
I've never purchased anything with BTC but take it from me who flip NFTs daily and buy them with ETH and I'm looking at an average of $100 USD in gas fees everytime I make a transaction. When the traffic is really high some end up looking at $1000 gas fees.

It's like tipping $50 to buy a $10 icecream, for what? At least with banks there are $0 transaction fees when making a purchase. LOL if you think there will be no fees when buying a property with BTC. If I pay $100- $200 USD in gas fees to buy an NFT that's worth 1 ETH, how much in bullchit gas fees will a property cost?
post 1655226823 01-29-2022, 10:21 AM
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Srs question. Which coin took the biggest hit , and should a guy take a chance investing in crypto .
I feel that boat has saled
Back with my Fam
post 1655227143 01-29-2022, 10:26 AM
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Originally Posted By kusok⏩
We know El Salvador is buying openly. Ukraine too. Already several countries are open about it.

Usage? Daily. Someone just sent me money the other day, instant and free using crypto. No need for money orders, checks, fees, or western unions. Only need a phone and a finger to press a button. No bank needed, nothing. Everything is going onto a blockchain now. Everything. Want to close on a house? Done! 1 minute. No need for broker fees, and closing costs, this is already happening. Need to send your resume? Done! Click one button, no need for printers, mail, cutting down trees etc, crypto is simply software, next stage of internet and e-mail.

If bitcoin drops to 1k I would sell my ass to buy more and I’m the Least gay person on earth. During the Dotcom bubble Amazon dropped to five dollars per share, now it’s 3K,
Oh look, the same timeshare salesman act with the bullchit claims.
post 1655227413 01-29-2022, 10:31 AM
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diamond hands baby
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post 1655227423 01-29-2022, 10:31 AM
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Originally Posted By kusok⏩
We know El Salvador is buying openly. Ukraine too. Already several countries are open about it.

Usage? Daily. Someone just sent me money the other day, instant and free using crypto. No need for money orders, checks, fees, or western unions. Only need a phone and a finger to press a button. No bank needed, nothing. Everything is going onto a blockchain now. Everything. Want to close on a house? Done! 1 minute. No need for broker fees, and closing costs, this is already happening. Need to send your resume? Done! Click one button, no need for printers, mail, cutting down trees etc, crypto is simply software, next stage of internet and e-mail.

If bitcoin drops to 1k I would sell my ass to buy more and I’m the Least gay person on earth. During the Dotcom bubble Amazon dropped to five dollars per share, now it’s 3K,
Lol @ using El Salvador and Ukraine to justify your monopoly money. One is a 4th world **** hole and the other is a 3rd world **** hole that is about to no longer exist and be invaded by a 2nd world **** hole in Russia.
Survival. When the jungle tears itself down and builds itself into something new. Guys like you and me, we end up dead. Doesn’t really mean anything. Or, if we happen to live through it, well that doesn’t mean anything either.
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