Crypto Crash

42

Striker
It's not mate. Many of the shitcoins are built on sand but Blockchain and it's future, well it's our future.

And Ada the biggest rise.

This reminds me of the Dylan song. Blowin in the Wind.

Just todays bounce back. But when it's coming from a bigger drop......, you know like when the UK had the biggest post covid growth, but it didn't really because it dropped more

It's down 56% YTD
 


daventry cat

Striker
bought a small amount to go 'shopping' seemed to lose 25% in the blink of an eye then rally a little

I will contend that shopping on the darknet is all its fit for....and also I remember when it was sub £1k
 

Malloy

Winger
The thing is, when people keep saying it's down dah dah dah percent ytd, or the last week, or the last year. In comparison to its meterioric rise over the last 4 years, its a drop in the ocean (BTC) its only really a problem for people who've invested a lot in the last year who hadn't already reaped the rewards of the previous years.

I only bought in a month ago, so the drop has affected me, but tbh I'm not really that worried, I think it will stabilise then rise again, the same way my stocks and shares isa and pension has and will eventually rise and return dividends.
No I'm not insane

Sorry thought I'd do some cheeky NFT theft if it was :lol: :lol:

But turns out I was wrong
No it really is Malloy from Brickleberry
 
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Titus

Striker
The thing is, when people keep saying it's down dah dah dah percent ytd, or the last week, or the last year. In comparison to its meterioric rise over the last 4 years, its a drop in the ocean (BTC) its only really a problem for people who've invested a lot in the last year who hadn't already reaped the rewards of the previous years.

I only bought in a month ago, so the drop has affected me, but tbh I'm not really that worried, I think it will stabilise then rise again, the same way my stocks and shares isa and pension has and will eventually rise and return dividends.

No it really is Malloy from Brickleberry

Only mentioned it's YTD performance after your comment on it being highly correlated to other markets to be fair.
 

Malloy

Winger
Only mentioned it's YTD performance after your comment on it being highly correlated to other markets to be fair.
Sorry, I wasn't aiming that at you btw, it was a general reference to people keep saying the same things about it being down hugely the last year. It will be, the last year saw the highest price ever and any ytd drop will look massive compared to the previous years gains.
 

gards2

Striker
I bought in at 28k (shitcoin) but it's clear that rich folk and other entities, banks? ?Have been driving the price down since early April.
 
Has Cryptocurrency only the one bubble to burst in the form of bitcoin? And it’s been and gone?
What’s left is an endless list of unscrupulous digital asset exchanges that are far from being ethical rather they’re littered with exit scams and crime, money laundering, cryptojacking, volatile, disruptive to geopolitics and are environmentally disastrous given the energy consumption of blockchains.
The boom of crypto is essentially a celebration of greed packaged up as an ethical way of mass transactions, but the reality is the opposite.


 

Titus

Striker
If you've got a big enough hammer you can move any market. The size of the hammer needed depends on the liquidity of the market.

Remember most markets are traded on leverage.

Most people aren't stupid enough to bet 10,000,000 that their project can't be taken down though :lol:

 
I still have no idea what it is.

I had it explained to me when it was $100 per coin.

If I had invested the £1000 I was going to I would have cashed out when It doubled anyway.

Saying that I couldn’t get my head round you didn’t get anything tangible for your money so I didn’t bother investing.

I Don’t feel I’ve lost out regardless.
 

monkeytassle

Striker
Most people aren't stupid enough to bet 10,000,000 that their project can't be taken down though :lol:

Depends how much you're worth. If you're a billionaire 10 bucks is like you and me buying a sandwich.

Not a humble brag but I know a few hedge fund billionaires and their mindset is on another planet. They have to be 100% right all of the time and back themselves to that end.

They're mentalists
 

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