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Thread: Bitcoins are officially donkdown

  1. #7241
    Quote Originally Posted by TheXFactor View Post
    What if he sells all his 92,079 Bitcoins and invests it all in Dogecoin?

    Stop buying Bitcoin you fuck.

    I know this guy believes in Bitcoin but you have to jump out of the airplane before it hits the ground.

    I blame Elon Musk for crashing the cryptocurrency market not China.

    Bitcoin has been over-valued for a while.
    Is it worth $50K to $60K per coin? No.

    Bitcoin miners are still making a profit at $35K a coin because they were able to buy miners cheap and most companies that want to mine can't get equipment.

    Could be a buying opportunity for Crypto but don't buy Bitcoin.


  2. #7242
    Same formula every time. Something causes a dip initially, some sort of US investigation and/or restrictions allegedly planned, and then China supposedly bans crypto, or so we're told by major news outlets. Shake out paper hand holders, buy billions at a discount, rinse, repeat. Like the 5th time this has followed the same exact scenario.

     
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      rum dick: Yep

  3. #7243
    Gold MrTickle's Avatar
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    Druff continues to bat .000 on Bitcoin predictions - he said in the last podcast itíll go down Ďa littleí then go back up

  4. #7244
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  5. #7245
    Gold 4BET's Avatar
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    Was a good run. RIP
    -Allergic to the struggle

  6. #7246
    Owner Dan Druff's Avatar
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    Been watching BTC today, I saw it get to around 37k, but it just recovered to 38700.

    So maybe on the way back up, or might be a dead cat bounce.

    Some have wanted to buy into crypto at this point, but I advised staying away. Yes, it's a possible "low entry point" opportunity, but it could also be a "catching a falling knife" moment. Remidns me of some people who thought they were smart buying into the 2008 housing market when it was crashing hard, beliving the crashing was finished. Nope. Kept crashing, and many went broke doing this. (Of course, those who held on ended up recovering anyway, but it took many years in some markets.)

    The problem here is that Elon giveth and Elon taketh away. The same guy who caused a lot of the recent crypto exuberance has caused the recent crash. It's very hard to predict where it goes from here. Until I see signs that it's stabilizing, I wouldn't advice people to get in or buy more.

  7. #7247
    Could someone hold me?
    Thanks.

     
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      shoeshine box:

  8. #7248
    Quick reminder to put things in a little perspective

    At this time last year, BTC was trading at less than $10k

    In October 2020 (Not more than 7 months ago) it was trading around the 12k range.

    How much more of a ROI was everyone really expecting in that amount of time without some type of a correction?






    We've literally had the same repetitive FOMO & FUD arguments with every correction countless times since this thread started in 2013 and the price was around $100 a coin.

     
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      shoeshine box:

  9. #7249
    Owner Dan Druff's Avatar
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    Dead cat bounce indeed. This is exactly why I told people to stay away.

    In case you're wondering, I had about 40-45k in crypto before this latest crash. So while this is somewhat painful, it's not devastating in any way. For some in poker, who attached a large amount of their net worth to crypto, this is a big problem.

    Of course, as Gordman pointed out, some of them didn't have such riches just 8 months ago, so you can't feel too bad for them. I do feel bad for the people who just bought in semi recently.

  10. #7250
    Quote Originally Posted by Dan Druff View Post
    Dead cat bounce indeed. This is exactly why I told people to stay away.

    In case you're wondering, I had about 40-45k in crypto before this latest crash. So while this is somewhat painful, it's not devastating in any way. For some in poker, who attached a large amount of their net worth to crypto, this is a big problem.

    Of course, as Gordman pointed out, some of them didn't have such riches just 8 months ago, so you can't feel too bad for them. I do feel bad for the people who just bought in semi recently.
    What youíre omitting is the leverage issue. Some people are simply dead now.

  11. #7251
    Puts His Dick in the Mashed Potatoes
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    I have lost $700 today and have enjoyed every minute of it. I'm also ready to put $$$ into holochain (something I just spent 30 seconds learning about).

    This shit is fun when youre donking around with silly money. Feel bad for the nurse I met who planned to cash out her 401k to buy bitcoin. Told her not to but she was seeing green.

  12. #7252
    Puts His Dick in the Mashed Potatoes
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    Obviously not selling if Druff is saying it's a dead cat bounce.

  13. #7253
    Quote Originally Posted by rum dick View Post
    Obviously not selling if Druff is saying it's a dead cat bounce.
    Ya no offense to Druff but he should self ban himself from trying to guess where crypto is going.

     
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      Belly Buster: yup - instaban

  14. #7254
    Gold 4BET's Avatar
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    I think we will see 25k in the coming days. The question is will it find support at 25k. Unreal almost cut in half in a matter of days

     
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      shoeshine box: what a buy at 25k..wow..hope not but ifffffffff
    -Allergic to the struggle

  15. #7255
    How much more Bitcoin will he buy at $25K?


     
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      rum dick: All of it?

  16. #7256
    Puts His Dick in the Mashed Potatoes
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    Just bought a bunch of hbar and telos whatever the fuck those are.

  17. #7257

    Cool

    No time to sell now.... if you did not sell at 50-64k...

    You do not sell now, You Buy..
    You Gamble.
    Win or Lose
    Die well
    Dont be a Mouse when all are fleeing.
    Stand by yr convictions... If you did not sell at 45k.....and now you want to at 38k

    you really need to cash out and stick with Microsoft Apple Google etc.... ty....IMO....

    I do hope I am correct.
    I believe that MUSK and any wealthy brainiac BOUGHT BOUGHT & Bought more while the scared ppl SOLD>....

    I will BOLDLY Say BTC will Not hit 0.00. I Cannot Lose "it all"

    No one shd be as fully vested as I am..... I shall either reap great rewards..or Pass on a pauper.....

    No In between

    P.s
    Idk why Garrett gets so much grief, He is IMO one of the few here that grasps the Pscyh-ops of Crypto/1 World think tank/split the world into Crypto ppl/and Poverty,cash week to week ppl...

    Crypto communities VS Non....

    Do not IMO be caught Holding 0.0 Crypto..>

    What LOWER entry point can you guys pray for than the 30-38k? FREE?

    Live Good, Die well....... any shmuck can Die.

    The next few Months shall reveal all......I predict August.,Sept, BTC back at 50k. by Dec 75k.

    Maybe I am wrong and this week snake/lizard MUSK bought 0 BTC....then I am a fool...

    "Time shall tell" Clifford Odets ?the country girl? fried long ago.
    Last edited by shoeshine box; 05-19-2021 at 10:01 PM.

  18. #7258
    Quote Originally Posted by shoeshine box View Post
    No time to sell now.... if you did not sell at 50-64k...

    You do not sell now, You Buy..
    You Gamble.
    Win or Lose
    Die well
    Dont be a Mouse when all are fleeing.
    Stand by yr convictions... If you did not sell at 45k.....and now you want to at 38k

    you really need to cash out and stick with Microsoft Apple Google etc.... ty....IMO....

    I do hope I am correct.
    I believe that MUSK and any wealthy brainiac BOUGHT BOUGHT & Bought more while the scared ppl SOLD>....

    I will BOLDLY Say BTC will Not hit 0.00. I Cannot Lose "it all"

    No one shd be as fully vested as I am..... I shall either reap great rewards..or Pass on a pauper.....

    No In between

    P.s
    Idk why Garrett gets so much grief, He is IMO one of the few here that grasps the Pscyh-ops of Crypto/1 World think tank/split the world into Crypto ppl/and Poverty,cash week to week ppl...

    Crypto communities VS Non....

    Do not IMO be caught Holding 0.0 Crypto..>

    What LOWER entry point can you guys pray for than the 30-38k? FREE?

    Live Good, Die well....... any shmuck can Die.

    The next few Months shall reveal all......I predict August.,Sept, BTC back at 50k. by Dec 75k.

    Maybe I am wrong and this week snake/lizard MUSK bought 0 BTC....then I am a fool...

    "Time shall tell" Clifford Odets ?the country girl? fried long ago.

    you know you dont need to overthink this so much, yeah?

    just bet the momentum, set stop losses and take-profits and read a book.

     
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      shoeshine box: best idea ^
    "Birds born in a cage think flying is an illness." - Alejandro Jodorowsky

    "America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs

  19. #7259
    Diamond Walter Sobchak's Avatar
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    Quote Originally Posted by Sanlmar View Post
    Quote Originally Posted by Dan Druff View Post
    Dead cat bounce indeed. This is exactly why I told people to stay away.

    In case you're wondering, I had about 40-45k in crypto before this latest crash. So while this is somewhat painful, it's not devastating in any way. For some in poker, who attached a large amount of their net worth to crypto, this is a big problem.

    Of course, as Gordman pointed out, some of them didn't have such riches just 8 months ago, so you can't feel too bad for them. I do feel bad for the people who just bought in semi recently.
    What youíre omitting is the leverage issue. Some people are simply dead now.
    Well no offense to anyone on the forum who may be in that situation, I am not going to laugh at their misfortune, but to borrow money you can't afford to pay back and putting it into an extremely speculative asset is just fucking stupid beyond stupid.

    SOBCHAK SECURITY 213-799-7798

    PRESIDENT JOSEPH R. BIDEN JR., THE GREAT AND POWERFUL

  20. #7260
    Canadrunk limitles's Avatar
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    Different take on crypto currencies that should embolden some. Some/many of us use theses currencies to avoid the trails of traditional currencies. Iím not worried about ev at all. Simply a tool to avoid detection. How strong thatís is a big factor in a currencies appeal. Safety/profit is the game. It should depend on what you can afford to lose
    unbounded
    Never Forget



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