bitcoin still free falling.

[HunterSThompson]

down 3k last 5 days

hey Steve and highwhey. how's your retirement savings looking right now.

https://i.ibb.co/K0cRW9y/Screenshot-20220120-190328-Gallery.jpg


you guys should change to Canadian dollars. it might help you cope with your losses since it's a slightly higher number

[MrFonzworth]

How rich how the autistic dude who sports a bowl cut stopped showing his face around here

[Cleverness]

https://i0.wp.com/stonetoss.com/wp-content/uploads/2018/01/bitcoin-crash-comic1.png


Bitcoin to $100k

[highwhey]

https://i0.wp.com/stonetoss.com/wp-content/uploads/2018/01/bitcoin-crash-comic1.png


Bitcoin to $100k

basically lol. btc is at 40k...that's significantly more than what it was a couple years ago. OP is a mouthbreather though.

[HunterSThompson]

basically lol. btc is at 40k...that's significantly more than what it was a couple years ago. OP is a mouthbreather though.

but you and others here didn't buy in before it exploded. of course some people are still rich. but you're not

you probly kept putting in money every month for the past year and lost most of it

[Shogon]

Yes, Bitcoin is going to zero because it has no value





































https://pbs.twimg.com/media/E4qTypkWYAICDSc.png

[HunterSThompson]

Yes, Bitcoin is going to zero because it has no value





































https://pbs.twimg.com/media/E4qTypkWYAICDSc.png

https://i.ibb.co/RgpZcTR/Screen-Shot-2022-01-20-at-10-10-51-PM.png


it being worth something isn't the point. of course its worth something to people that invested 2 years ago

but for people that have invested from may 7th 2021 to may 28th 2021 its financially ruined their lives dropping 25K

then people investing between november 12th 2021 to now its also financially ruined their lives dropping another 25k


people don't just put in thousands and sit on their investments. people who do that have money to waste or very little invested. most people panic sell which is horrible for bitcoin investing because its an extremely volatile market

[ShawkFactory]

https://i.ibb.co/RgpZcTR/Screen-Shot-2022-01-20-at-10-10-51-PM.png


it being worth something isn't the point. of course its worth something to people that invested 2 years ago

but for people that have invested from may 7th 2021 to may 28th 2021 its financially ruined their lives dropping 25K

then people investing between november 12th 2021 to now its also financially ruined their lives dropping another 25k


people don't just put in thousands and sit on their investments. people who do that have money to waste or very little invested. most people panic sell which is horrible for bitcoin investing because its an extremely volatile market

You’re speaking as though you don’t know how investing works

[HunterSThompson]

You’re speaking as though you don’t know how investing works

there isn't a f*cking single other investment that dropps 25K in value and people still believe in it. its ludicrous


"oh it'l go back up 50k. then drop 50k. then hit 100k... DEEERP"

https://c.tenor.com/hSwVIvngyakAAAAM/brian-regan-comedian.gif

[BigKobeFan]

there isn't a f*cking single other investment that dropps 25K in value and people still believe in it. its ludicrous


"oh it'l go back up 50k. then drop 50k. then hit 100k... DEEERP"

https://c.tenor.com/hSwVIvngyakAAAAM/brian-regan-comedian.gif

Bitcoin is a fools game for the government to contract money.

[ShawkFactory]

there isn't a f*cking single other investment that dropps 25K in value and people still believe in it. its ludicrous


"oh it'l go back up 50k. then drop 50k. then hit 100k... DEEERP"

https://c.tenor.com/hSwVIvngyakAAAAM/brian-regan-comedian.gif


You’re painfully uninformed. I’m not even a huge bitcoin advocate but you truly don’t know what the fvck you’re talking about. And that’s fine but...

...you have this tendency of taking these perceptions that you have about things and applying them as though it’s fact. It’s textbook narcissism.

[TheCorporation]

You’re painfully uninformed. I’m not even a huge bitcoin advocate but you truly don’t know what the fvck you’re talking about. And that’s fine but...

...you have this tendency of taking these perceptions that you have about things and applying them as though it’s fact. It’s textbook narcissism.

He's legitimately the dumbest person I've encountered.

[HunterSThompson]

You’re painfully uninformed. I’m not even a huge bitcoin advocate but you truly don’t know what the fvck you’re talking about. And that’s fine but...

...you have this tendency of taking these perceptions that you have about things and applying them as though it’s fact. It’s textbook narcissism.



you can call it that. but I prefer common sense

and what exactly is it you're denying that I'm saying. that it's free falling?


https://www.forbes.com/sites/billybambrough/2022/01/20/crypto-price-crash-bitcoin-ethereum-bnb-solana-cardano-and-xrp-suddenly-in-freefall/


silly Forbes and their narcissism

:lol

[HunterSThompson]

steve:


He's legitimately the dumbest person I've encountered.



also steve:

https://i.ibb.co/1KB5j2Y/quantum-leap-im-retarded.gif

[coin24]

Ponzi:cheers:

[SATAN]

Anyone who actually pays attention to financial markets and politics beyond the baseline bs knew it would drop. I expect it to drop further. The question is why the hell did you allegedly buy some shit coins when you did, genius?

[Shogon]

For the record, Bitcoin isn’t an in investment. I know most treat it that way but it’s not an investment. Hell for that matter most treat it like a get rich quick scheme.

It is the next step in the evolution of money.

At a minimum it is a global savings account that central banks can’t devalue or control. At a maximum it will impact our lives in unimaginable and unforeseeable ways.

[HunterSThompson]

Anyone who actually pays attention to financial markets and politics beyond the baseline bs knew it would drop. I expect it to drop further. The question is why the hell did you allegedly buy some shit coins when you did, genius?


https://i.ibb.co/yVDwYKX/Screenshot-20220121-083332-Chrome.jpg

lol I sold everything the minute I made like 100$. that's how gambling works. you don't wait for millions. people lose everything at casinos cause they don't know when to quit. if you just put in like 500 to 1000 and wait for a small increase youl make some money every so often when the markets on an upward trend. I went to coin base and invested in every shit coin that was trending. like how you throw some money on a roulette wheel when the roller is throwing nothing but blacks or reds. you bet with the streak. never against it. small bets. none of you are gamblers obviously

[HunterSThompson]

it is a global savings account that central banks can’t devalue or control.


but the top 1% are devaluing and controlling it. that's why it goes up and down. not cause of your 50 bucks you threw on litecoin or some shit. the people with millions invested are controlling everything.

[SATAN]

2026 is when I will buy your LeBron James rookie cards.

[HunterSThompson]

2026 is when I will buy your LeBron James rookie cards.



they will all be gone by this time next year to panic buyers after a historic event when he passes Kareem. they will be going for around 10k each most likely

[Bronbron23]

Wait for it to drop to mid 40's buy the dip and make an easy 30-40k

[CelticBaller]

I hope it crashed down below 10k again

[HunterSThompson]

I hope it crashed down below 10k again

its right around the point of the last dip. I actually think it's gonna start going back up but when it does all the people that were holding on will finally sell and it will crash down the around 10 to 15k

[plowking]

COVID has been a great turbocharger for a lot of these crypto currencies. I think it is probably wise to be mindful of the price with the world slowly going back to normal.

I truly think a big catalyst was a lot of people sitting at home, not doing anything, or losing their jobs, and needing to find a way to make money. Crypto still has a great deal of barriers to entry, since I don't think it is the easiest thing to pick up and understand, but it still managed to get a lot of new eyes onto it.

For as much as it was adopted, it could just as easily take a back seat when all these COVID protocols go away and people want to get out and about. Right now, it just seems everyone is glued to their screens atm. Though... omnicron variant and some panic, there could be another final big wave before it all stabilising somewhat.

Over the last 2 years, I've made more money than ever... I think at that point you have to step back and realise it isn't sustainable. Need to start de-risking. The point of making a lot of money isn't to lose it all over again. I think that is the issue with crypto at the moment with a lot of folks. They double and triple down when they see results, and then get caught in the downturn. It is still a super risky asset, and you need to play a risk mitigation game in it. Especially when you start dabbling with things like NFTs.

[FultzNationRISE]

COVID has been a great turbocharger for a lot of these crypto currencies. I think it is probably wise to be mindful of the price with the world slowly going back to normal.

I truly think a big catalyst was a lot of people sitting at home, not doing anything, or losing their jobs, and needing to find a way to make money. Crypto still has a great deal of barriers to entry, since I don't think it is the easiest thing to pick up and understand, but it still managed to get a lot of new eyes onto it.

For as much as it was adopted, it could just as easily take a back seat when all these COVID protocols go away and people want to get out and about. Right now, it just seems everyone is glued to their screens atm. Though... omnicron variant and some panic, there could be another final big wave before it all stabilising somewhat.

Over the last 2 years, I've made more money than ever... I think at that point you have to step back and realise it isn't sustainable. Need to start de-risking. The point of making a lot of money isn't to lose it all over again. I think that is the issue with crypto at the moment with a lot of folks. They double and triple down when they see results, and then get caught in the downturn. It is still a super risky asset, and you need to play a risk mitigation game in it. Especially when you start dabbling with things like NFTs.

But how do you know we'll ever get back to, or remain back to 'normal?'

Couldn't in theory a new disease or any public crisis come along tomorrow and produce this exact same scenario all over again? Or worse?

It would certainly be useful to figure out where things are headed in the big picture. Personally I have some thoughts to share on such issues.

But I aint sharin em here...

[HunterSThompson]

i think nows the time to buy some bitcoin again. seems to be on a bit of a rebound

might put in 500 bucks and cash out when i make another 100 like last time

https://i.ibb.co/cQghj1r/Screen-Shot-2022-01-27-at-5-58-02-PM.png

[coin24]

i think nows the time to buy some bitcoin again. seems to be on a bit of a rebound

might put in 500 bucks and cash out when i make another 100 like last time

https://i.ibb.co/cQghj1r/Screen-Shot-2022-01-27-at-5-58-02-PM.png


Wow $100! Big time investor you!

[HunterSThompson]

Wow $100! Big time investor you!

crypto is basically roulette. i always leave the casino after i go up 100$ or 200$ tops unless its texas holdem and theres more human element involved


if you let it ride sooner or later you'l bust. its inevitable. gambling 101



i've spent about 70 grand on graded sports cards these past few months cause the industry is down right now. i think it will pick back up sooner or later. nows the time to invest


thats the only thing i'm really comfortable putting a ton of money into cause it involves a huge amount of knowledge and foresight

[SATAN]

In case you've overlooked it...Might wanna remember the relevant tax laws where you're located.

[HunterSThompson]

In case you've overlooked it...Might wanna remember the relevant tax laws where you're located.

if they want 15% of my 100$ they can send me a bill

[Nanners]

These two links explain why its dropping, and why it will almost certainly go to zero sooner or later

https://www.federalreserve.gov/newsevents/pressreleases/other20220120a.htm

https://blockworks.co/market-recap-btc-drops-as-white-house-plans-crypto-regulation/

The central banks are the most powerful institutions on this planet, and decentralized crypto currencies pose a direct threat to the source of that power (the ability to issue/control currency). Sometime in the near future the central bankers are going to release their own digital currency, one that has all the worst aspects of cryptocurrency (like a blockchain that can be used to create a permanent record of every financial transaction that anyone has ever made with the currency)... and once the "official" digital currency is ready these bankers will have their servants in government ban every one of their competitors (bitcoin, ethereum, etc).

This is already happening in some places (like China)... in the past year they have started rolling out their new digital yuan (integrated with their social credit system), as well as banning owning/mining bitcoin.

[plowking]

These two links explain why its dropping, and why it will almost certainly go to zero sooner or later

https://www.federalreserve.gov/newsevents/pressreleases/other20220120a.htm

https://blockworks.co/market-recap-btc-drops-as-white-house-plans-crypto-regulation/

The central banks are the most powerful institutions on this planet, and decentralized crypto currencies pose a direct threat to the source of that power (the ability to issue/control currency). Sometime in the near future the central bankers are going to release their own digital currency, one that has all the worst aspects of cryptocurrency (like a blockchain that can be used to create a permanent record of every financial transaction that anyone has ever made with the currency)... and once the "official" digital currency is ready these bankers will have their servants in government ban every one of their competitors (bitcoin, ethereum, etc).

This is already happening in some places (like China)... in the past year they have started rolling out their new digital yuan (integrated with their social credit system), as well as banning owning/mining bitcoin.

You can't really ban it... Ban it from what? There are always going to be exchanges to trade this stuff. Regardless of how it is looked at for currency, it has a network of people now so large that it is becoming too big to fail. People will still barter/trade with it even if it does become illegal everywhere somehow (also doubt this).

[Nanners]

You can't really ban it... Ban it from what? There are always going to be exchanges to trade this stuff. Regardless of how it is looked at for currency, it has a network of people now so large that it is becoming too big to fail. People will still barter/trade with it even if it does become illegal everywhere somehow (also doubt this).

You ban it by making it illegal to own/trade/mine... like China has successfuly done over the past year.

Did you read either of the links I posted? If you did, you would know that just 3 days ago sources in the white house said that they are planning to regulate crypto as a national security threat.

Sure people will technically still be able to barter/trade with it after it becomes illegal, people still barter/trade drugs and child porn even though those things illegal. That said there is no question that if/when bitcoin is made illegal it will lose virtually all of its value overnight

[FultzNationRISE]

You can't really ban it... Ban it from what? There are always going to be exchanges to trade this stuff. Regardless of how it is looked at for currency, it has a network of people now so large that it is becoming too big to fail. People will still barter/trade with it even if it does become illegal everywhere somehow (also doubt this).

This makes no sense to me.

Its only value is as currency. It isn't a physical commodity.

If it's not a common transactional currency, it has no practical value.

I'm not against the bitcoin concept. I think it'd be great if it pans out long term and changes the financial system forever.

But people need to look at the obstacles objectively, not wishfully through rose colored glasses.

[HunterSThompson]

all crypto tanked recently. biden is working with other world leaders to shut it down or regulate it

https://www.forbes.com/sites/billybambrough/2022/01/30/a-matter-of-national-security-reports-reveal-joe-bidens-surprise-bitcoin-ethereum-and-nft-plan-after-extreme-price-swings/


pretty much everything has tanked except bitcoin in the past week or so. if you had like 30k in it you might have made 1000 bucks lmao


its just not worth the risk anymore