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-   -   News The crypto crash has begun (https://gfy.com/showthread.php?t=1354762)

CAHEK 11-12-2022 11:24 PM
Quote:
Originally Posted by jscott (Post 23060941)
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
https://i.imgur.com/ebrICWF.png

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 (Post 23061323)
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:

https://pbs.twimg.com/media/FhX3E3EV...pg&name=medium

and cannot ignore the connections:

https://pbs.twimg.com/media/FhX2QeSX...pg&name=medium

CAHEK 11-13-2022 07:10 PM

NoWhErE 11-13-2022 09:22 PM
Quote:
Originally Posted by LaSexorcisto (Post 23060940)
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 (Post 23061323)
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 (Post 23061324)
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:

https://pbs.twimg.com/media/FhX3E3EV...pg&name=medium

and cannot ignore the connections:

https://pbs.twimg.com/media/FhX2QeSX...pg&name=medium
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

https://i.imgur.com/3CvTf9T.jpg

celandina 11-14-2022 08:23 AM
https://i.imgur.com/ebrICWF.png

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


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