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Thread: Bitcoins are officially donkdown

  1. #7401
    We could all be living the Nicky Pipes lifestyle had Druff convinced us all to buy instead of avoid due to the impending crashes.

    Just kidding Druff, it took me until 2020 to actually buy any crypto I planned on keeping. Hopefully some decent returns but no yachts or buying islands over here.

  2. #7402
    Gold Salty_Aus's Avatar
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    Sold half of my ETH holdings last week and I'm contemplating spoiling myself and buying a Kermit.... or perhaps buy back in today seeing they've dropped nearly 20% since I sold.

    Such a hard choice.

     
    Comments
      
      Belly Buster: Good timing, but buy back is the play imo
      
      shoeshine box: buy back ETH

  3. #7403

  4. #7404
    Quote Originally Posted by Daly View Post
    Quote Originally Posted by Dan Druff View Post
    Bitcoin has slipped to $90 after holding steady from $105-$115 for a long time.

    I wonder if this is the start of a second crash.
    Sorry if this bump comes off as breaking balls (ok maybe a little bit). I guess it just goes to show how long this thread has been going.
    Well, if you followed Druff's advice you probably sold Bitcoin before it hit $100.

    If you followed Micon's advice and put everything into Bitcoin Cash you may have doubled or tripled your money.

    No Risk, No Reward.



  5. #7405
    today is a fun day to be holding Algorand everything else not so much lol
    Quote Originally Posted by Dan Druff View Post
    BTW JACKDANIELS is the first one banned from the thread. He is accusing me of being "duped by a middle aged man who dresses like John Cena"

  6. #7406
    I never use stable coins myself will just HODL to infinity.

    But I feel like when there are big drops everyone rushes to tether (not to be confused with the scam coin in the other thread) or usd coin.

    That money will come back to btc/eth/whatever, but maybe take a month.

  7. #7407
    'Why are they snooping on an average Joe over a $600 payment': Fury as Biden tries to let IRS SNOOP on your bank accounts, Venmo, PayPal and crypto deals in plan that could 'violate the Fourth Amendment'

    https://www.dailymail.co.uk/news/art...-accounts.html

    The proposal would require banks to report to the IRS every deposit and withdrawal from an account in order to target audits

    The IRS estimates that compliance on taxes due on wages is 99% while compliance on 'less visible' sources of income is only 45%

    The plan would most especially affect the self-employed, who self-report their income and deductions, and the wealthy

    Banks are largely against the proposal, which they say would impose onerous reporting requirements on institutions for little benefit
    Cryptocurrency exchanges, Banks, and Paypal already report you to the IRS. Do they really need to report every transaction?


  8. #7408
    Gold Salty_Aus's Avatar
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    Bought back in and increased my total holding by nearly 10%

    Ceramic kermit can wait. 🙂 Minimum 6 month waiting list anyway at the moment, less you pay overs on the secondary market.

    I'll probably never get one anyway it was an impulse decision.

  9. #7409
    "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

  10. #7410
    Owner Dan Druff's Avatar
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    Crypto crash and market crash on the same day.

    Ouch.

  11. #7411
    Owner Dan Druff's Avatar
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    China going hard at bitcoin:

    In a Q&A posted to its website, the People’s Bank of China said services offering trading, order matching, token issuance and derivatives for virtual currencies are strictly prohibited. Overseas crypto exchanges providing services in mainland China are also illegal, the PBOC said.

    “Overseas virtual currency exchanges that use the internet to offer services to domestic residents is also considered illegal financial activity,” the PBOC said, according to a CNBC translation of the comments. Workers of foreign crypto exchanges will be investigated, it added.
    https://www.cnbc.com/2021/09/24/chin...-industry.html



  12. #7412
    china announces a crackdown on crypto every few months it seems, at some point china anti crypto news will have the same impact as elon musk tweets
    Quote Originally Posted by Dan Druff View Post
    BTW JACKDANIELS is the first one banned from the thread. He is accusing me of being "duped by a middle aged man who dresses like John Cena"

  13. #7413
    Owner Dan Druff's Avatar
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    Quote Originally Posted by JACKDANIELS View Post
    china announces a crackdown on crypto every few months it seems, at some point china anti crypto news will have the same impact as elon musk tweets
    Well BTC is down 8% since the news, and ETH down 10%, so there's still plenty of impact

     
    Comments
      
      JACKDANIELS: 10% is just another day lol

  14. #7414
    Bitcoin is legal in El Salvador and some other shit-hole countries may adopt Bitcoin soon.

    Micon should consider moving there.



  15. #7415
    Considering this is the "official seriously trust us 9th ban" by China - this card can't be played by our media to fud Bitcoin anymore, so it's actually a good thing.

    Today is also a Bitcoin futures Friday. . .

  16. #7416
    Quote Originally Posted by VaughnP View Post
    Considering this is the "official seriously trust us 9th ban" by China - this card can't be played by our media to fud Bitcoin anymore, so it's actually a good thing.

    Today is also a Bitcoin futures Friday. . .
    recent Chinese boycott of “sissy” boy bands and effeminate men on television, the end of reality talent shows and a ban on vulgar social media influencers among a raft of other measures.

    Zero pronoun problems. Together with the Bitcoin ban this sounds like a PFA utopia.

    Shit is getting real over there

  17. #7417

  18. #7418
    My friend sent me some Solana to start minting. The community is absolutely insane. The key is finding the right NFT developers that have lots followers. Honestly I just ask him for which ones to do. Mints that cost 0.2 SOL literally selling for 1 SOL the next day. You need to have several wallets/windows at once though cause the mints only have 5k copies and they well out in a few seconds. Like the old days of trying to get concert tickets online.

    I can;t imagine a market like this lasts long. which is exactly why you want to be minting instead of buying. As long as these mints have such high demand there is very little risk.

  19. #7419

     
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      Sanlmar: the game is the game …

  20. #7420
    Quote Originally Posted by BetCheckBet View Post
    My friend sent me some Solana to start minting. The community is absolutely insane. The key is finding the right NFT developers that have lots followers. Honestly I just ask him for which ones to do. Mints that cost 0.2 SOL literally selling for 1 SOL the next day. You need to have several wallets/windows at once though cause the mints only have 5k copies and they well out in a few seconds. Like the old days of trying to get concert tickets online.

    I can;t imagine a market like this lasts long. which is exactly why you want to be minting instead of buying. As long as these mints have such high demand there is very little risk.
    Won't they at some point flood the market with whatever it is they're minting and cause a crash?

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