News The crypto crash has begun - Page 8 - GoFuckYourself.com

CAHEK · 11-12-2022, 11:24 PM

Quote:

Originally Posted by jscott

No offense CAHEK but this is the type of ignorance that keeps people poor.

Your method you'll gain in fiat value, but you'll lose in actual value, due to inflation. So you'll be happy, seeing your USD rising from your 2-3% interest (4-5% bullshit), but you'll actually be losing above 10% through inflation (actual CPI is always higher than reported, they fudge the numbers to keep ignorant people poor unphased, not panicky, and poor)

Warren Buffett & Charlie Munger gave their take on crypto, makes them poor I guess.

jscott · 11-12-2022, 11:28 PM

Ofc there are other ways to be successful, as they are.

These two guys have proved they have no clue what Bitcoin is or what it can do, to them it's a foreign thing that they don't want involved with because it's too complicated for 100yo traditional finance types of guys.

From what I've said, you have no response, aside from "but Buffet & Munger blah blah"?

Biggie Smalls Web Writing · 11-13-2022, 08:34 AM

jscott · 11-13-2022, 10:05 AM

Lets see if the Biden regime gives back those $xx,xxx,xxx's of FTX/Alameda donations back.

candyflip · 11-13-2022, 01:40 PM

Every crash this year can be attributed to FTX and their nonsense.

This is who was running one the "parent" company.

jscott · 11-13-2022, 01:46 PM

Quote:

Originally Posted by candyflip

Every crash this year can be attributed to FTX and their nonsense.
This is who was running one the "parent" company.

Yup you're right.

Thing is, the more trust you put into centralized companies and people, the more risk you're taking in crypto.

Bitcoin is anti-trust (trustless), you trust math & protocol only when holding Bitcoin on cold storage.

Trust math. Don't trust these things:

and cannot ignore the connections:

CAHEK · 11-13-2022, 07:10 PM

NoWhErE · 11-13-2022, 09:22 PM

Quote:

Originally Posted by LaSexorcisto

OK. I purchased 1 BTC on October 15th, 2021 for $60,883.80. (BEFORE this year)

Today, my coin is worth $16,680.70. "I AM UP BIG TIME!!"

Thank god I didn't put that $60,883.80 into a bank, you know with this year's inflation and all. I MUCH rather have $16,680.70 then a measly $60,883.80.

Sure. Now zoom out on your timeline and apply basic investing strategies such as DCA and suddenly you’ve made waaaaay more money.

If you’re dumb enough to go all-in into an investment while its at an all-time high with no scaling-in, stop losses or exit strategy and expect the value to magically go up forever without any corrections; then the problem isn’t Bitcoin, it’s you.

Biggie Smalls Web Writing · 11-13-2022, 09:57 PM

Quote:

Originally Posted by candyflip

Every crash this year can be attributed to FTX and their nonsense.

This is who was running one the "parent" company.

Spot on!

Biggie Smalls Web Writing · 11-13-2022, 10:15 PM

Quote:

Originally Posted by jscott

Yup you're right.

Thing is, the more trust you put into centralized companies and people, the more risk you're taking in crypto.

Bitcoin is anti-trust (trustless), you trust math & protocol only when holding Bitcoin on cold storage.

Trust math. Don't trust these things:

and cannot ignore the connections:

You are right about CEXs, not your keys, not your wallet. That's why I think DEXs are the future. I have been out of the market for some time, but started investing in DEXs lately

I like comparing all this situation with DOT com bubble back in ''00, when many companies got wiped out.

This is the cleaning crypto world needed.

The fact that is not regulated gives businesses a chance to do whatever they want with clients' funds + its way too overleveraged.

The recent events make me think about this Michael Burry's tweet

celandina · 11-14-2022, 08:23 AM

Did hear about this scheme, but nobody shows any proof? or more info?

11-13-2022, 08:34 AM	#353
Biggie Smalls Web Writing Confirmed User Industry Role: Join Date: Aug 2011 Location: Europe Posts: 3,993	__________________ xxx Translations Translation & Copywriting Services Skype: bzivkovic88 - Email: orders at xxxtranslations.com - ICQ: 618 800 215

11-13-2022, 01:40 PM	#355
candyflip Carpe Visio Industry Role: Join Date: Jul 2002 Location: New York Posts: 43,052	Every crash this year can be attributed to FTX and their nonsense. This is who was running one the "parent" company. __________________ Spend you some brain. Email Me

11-13-2022, 07:10 PM	#357
CAHEK C.C.C.P. Industry Role: Join Date: Aug 2003 Location: Novorossiya Posts: 6,719	__________________ Pharma from True-Meds. High converting shop in Europe and USA, fast payouts via BTC !!!

11-12-2022, 11:28 PM	#352
jscott So Fucking Banned Industry Role: Join Date: Feb 2001 Location: Taipei Posts: 25,198	Ofc there are other ways to be successful, as they are. These two guys have proved they have no clue what Bitcoin is or what it can do, to them it's a foreign thing that they don't want involved with because it's too complicated for 100yo traditional finance types of guys. From what I've said, you have no response, aside from "but Buffet & Munger blah blah"?

11-13-2022, 10:05 AM	#354
jscott So Fucking Banned Industry Role: Join Date: Feb 2001 Location: Taipei Posts: 25,198	Lets see if the Biden regime gives back those $xx,xxx,xxx's of FTX/Alameda donations back.

11-14-2022, 08:23 AM	#361
celandina Too lazy to set a custom title Industry Role: Join Date: Jun 2006 Posts: 11,341	Did hear about this scheme, but nobody shows any proof? or more info?