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30%-40% crypto drops are normal

 
Anonymous Coward
User ID: 79423050
United States
05/19/2021 08:40 AM
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Re: 30%-40% crypto drops are normal
Even tether is shitting the bed .9995.

Big problems coming
 Quoting: Anonymous Coward 79712965


Oh no!

Not Tethers!

damnedhiding
SomeoneSpecific

User ID: 80171564
Belgium
05/19/2021 08:41 AM
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Re: 30%-40% crypto drops are normal
Exactly and that’s my whole problem with crypto.

I’ve yet to see anyone really explain what exactly it could ever offer that traditional fiat money can’t. What could Bitcoin ever do substantially better than fiat cash? Digital transfers? Basically 90% of shit we pay for via fiat is already done digitally via credit and debit.

It can’t be manipulated is the other argument? Well clearly it can lol.
 Quoting: Nyblazer


Then look harder. The explanation is there. I personally don't consider worth the while to explain it to you given your current state of understanding and degree of open-mindedness, but the answers you're seeking is out there.

See you in a few years or decades when you finally get it. And you will.
SomeoneSpecific

User ID: 80171564
Belgium
05/19/2021 08:49 AM
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Re: 30%-40% crypto drops are normal
But I do appreciate this post. It's good to question things that look shady.

I even have you on my short friends' list!
Nyblazer  (OP)

User ID: 32517190
United States
05/19/2021 08:51 AM
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Re: 30%-40% crypto drops are normal
Exactly and that’s my whole problem with crypto.

I’ve yet to see anyone really explain what exactly it could ever offer that traditional fiat money can’t. What could Bitcoin ever do substantially better than fiat cash? Digital transfers? Basically 90% of shit we pay for via fiat is already done digitally via credit and debit.

It can’t be manipulated is the other argument? Well clearly it can lol.
 Quoting: Nyblazer


Then look harder. The explanation is there. I personally don't consider worth the while to explain it to you given your current state of understanding and degree of open-mindedness, but the answers you're seeking is out there.

See you in a few years or decades when you finally get it. And you will.
 Quoting: SomeoneSpecific


Oh come on now please. What exactly could it ever do that we aren’t doing right now with fiat
Nyblazer
Nyblazer  (OP)

User ID: 32517190
United States
05/19/2021 08:52 AM
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Re: 30%-40% crypto drops are normal
Exactly and that’s my whole problem with crypto.

I’ve yet to see anyone really explain what exactly it could ever offer that traditional fiat money can’t. What could Bitcoin ever do substantially better than fiat cash? Digital transfers? Basically 90% of shit we pay for via fiat is already done digitally via credit and debit.

It can’t be manipulated is the other argument? Well clearly it can lol.
 Quoting: Nyblazer


BTC is the ultimate HARD MONEY store of value.

It is not transactional. Use Litecoin or something for buying your Starbucks.

BTC is HARDER MONEY THAN GOLD, because it has ABSOLUTE SCARCITY, where gold does not (and there may well be far more gold above ground than we are led to believe.)

It is also permissionless and peer-to-peer. No skeevy middlemen "wetting their beaks."

Just listen to a few Michael Saylor or Max Keiser videos, and you'll get it.

Or not.

drevil
 Quoting: Anonymous Coward 79423050


Lol GOLD is GOLD. It isn’t something that was developed on a computer on day by someone. It’s a natural scarce earthly element.
Nyblazer
Anonymous Coward
User ID: 80313195
Mexico
05/19/2021 08:54 AM
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Re: 30%-40% crypto drops are normal
Exactly and that’s my whole problem with crypto.

I’ve yet to see anyone really explain what exactly it could ever offer that traditional fiat money can’t. What could Bitcoin ever do substantially better than fiat cash? Digital transfers? Basically 90% of shit we pay for via fiat is already done digitally via credit and debit.

It can’t be manipulated is the other argument? Well clearly it can lol.
 Quoting: Nyblazer


BTC is the ultimate HARD MONEY store of value.

It is not transactional. Use Litecoin or something for buying your Starbucks.

BTC is HARDER MONEY THAN GOLD, because it has ABSOLUTE SCARCITY, where gold does not (and there may well be far more gold above ground than we are led to believe.)

It is also permissionless and peer-to-peer. No skeevy middlemen "wetting their beaks."

Just listen to a few Michael Saylor or Max Keiser videos, and you'll get it.

Or not.

drevil
 Quoting: Anonymous Coward 79423050


Of course it has scarcity. It doens't actually exist. I have an imaginary collection of baseball cards? My top card is a bargain price right now at 10000000, but I know it will double by the end of the year. Other people think so too. I will give you a special offer today and today only. it could be yours for only 9999999. Don't miss this opportunity of a lifetime!
Anonymous Coward
User ID: 73890661
United States
05/19/2021 08:54 AM
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Re: 30%-40% crypto drops are normal
That’s why crypto can never be taken seriously.


And although it’s up for the year for some... the number of people getting burnt will set back any progress for about 10 years because they are out with a burn.... and it will take them that long to forget about it.
 Quoting: Anonymous Coward 79712965

You want to talk about being burned. I had bitcoins I mined in 2012 that I stupidly stored at Mt Gox when the hack happened.

I had mined even more with 2 graphics cards I purchased ($250 ea), but I sold the coins back then (@ ~ $12 per coin) to get the cards for free.

Face it - there are far more people like me that think they got burnt missing out than people who purchased at higher levels and think they got burnt investing in bitcoin.

After the Mt Gox hack I was so "burnt" on bitcoin I never touched it again until 2020. Yet as an early pioneer in it, I could have become rich.
 Quoting: Anonymous Coward 73912061


How much time/effort was required then to mine a btc?
Anonymous Coward
User ID: 80369110
United States
05/19/2021 08:56 AM
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Re: 30%-40% crypto drops are normal
It will go back up once the target number of lowball sales have been bought up.

Cryptocurrency is a pump and dump scheme with zero fundamentals.

Those that can move this market just flees those that can’t.
Ricky Tambora

User ID: 79967204
Malta
05/19/2021 09:05 AM
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Re: 30%-40% crypto drops are normal
I'm up 6500% since 2018.

Huge dips happen all the time.

HOLD. The real bull run hasn't even started.
 Quoting: BLACK GHOST


I think you accidentally added a zero there LOL
Anonymous Coward
User ID: 80383218
05/19/2021 09:10 AM
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Re: 30%-40% crypto drops are normal
Interesting timing with Musk and China. Like a coordinated effort.
Anonymous Coward
User ID: 79712965
United States
05/19/2021 09:11 AM
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Re: 30%-40% crypto drops are normal
A lot of ppl goin gun to have to be put on suicide watch soon. Dropping like a rock on a black hole.
Anonymous Coward
User ID: 74740476
United States
05/19/2021 09:17 AM
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Re: 30%-40% crypto drops are normal
Long term charts say it should be in the 10k range. It was obviously a huge bubble.

What's even funnier is the dogetards, that's down to 24 cents.
Anonymous Coward
User ID: 73890661
United States
05/19/2021 09:20 AM
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Re: 30%-40% crypto drops are normal
I'm up 6500% since 2018.

Huge dips happen all the time.

HOLD. The real bull run hasn't even started.
 Quoting: BLACK GHOST


I think you accidentally added a zero there LOL
 Quoting: Ricky Tambora


Down 50% in the past week or 10 days. Ouch
Anonymous Coward
User ID: 73890661
United States
05/19/2021 09:21 AM
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Re: 30%-40% crypto drops are normal
It will go back up once the target number of lowball sales have been bought up.

Cryptocurrency is a pump and dump scheme with zero fundamentals.

Those that can move this market just flees those that can’t.
 Quoting: Anonymous Coward 80369110


No, no, its the future!

Lmao
Weyoun

User ID: 80247245
Canada
05/19/2021 09:21 AM
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Re: 30%-40% crypto drops are normal
CRYPTO is an ECELLENT TOOL for the FED to slow the velocity of fiat being pumped into the system so inflation doesnt seem so out of control.
 Quoting: Anonymous Coward 80380433


Bingo! It's just delayed inflation.
Anonymous Coward
User ID: 79423050
United States
05/19/2021 09:22 AM
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Re: 30%-40% crypto drops are normal
Exactly and that’s my whole problem with crypto.

I’ve yet to see anyone really explain what exactly it could ever offer that traditional fiat money can’t. What could Bitcoin ever do substantially better than fiat cash? Digital transfers? Basically 90% of shit we pay for via fiat is already done digitally via credit and debit.

It can’t be manipulated is the other argument? Well clearly it can lol.
 Quoting: Nyblazer


BTC is the ultimate HARD MONEY store of value.

It is not transactional. Use Litecoin or something for buying your Starbucks.

BTC is HARDER MONEY THAN GOLD, because it has ABSOLUTE SCARCITY, where gold does not (and there may well be far more gold above ground than we are led to believe.)

It is also permissionless and peer-to-peer. No skeevy middlemen "wetting their beaks."

Just listen to a few Michael Saylor or Max Keiser videos, and you'll get it.

Or not.

drevil
 Quoting: Anonymous Coward 79423050


Lol GOLD is GOLD. It isn’t something that was developed on a computer on day by someone. It’s a natural scarce earthly element.
 Quoting: Nyblazer


You are being obtuse.

It's SCARCITY that makes an asset valuable.

Whether it's a naturally-occurring element, or an impregnable computer network.

Gold is less scarce than BTC, which has an absolute cap of 21 million units.

drevil
Anonymous Coward
User ID: 77204191
United States
05/19/2021 09:22 AM
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Re: 30%-40% crypto drops are normal
norespect
Acting President AWC

User ID: 79641951
United States
05/19/2021 09:22 AM

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Re: 30%-40% crypto drops are normal
[email protected] idiots that think it's OK and NORMAL for a currency to crash 50% in a week.

You people are hopeless.
Weyoun

User ID: 80247245
Canada
05/19/2021 09:23 AM
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Re: 30%-40% crypto drops are normal
Exactly and that’s my whole problem with crypto.

I’ve yet to see anyone really explain what exactly it could ever offer that traditional fiat money can’t. What could Bitcoin ever do substantially better than fiat cash? Digital transfers? Basically 90% of shit we pay for via fiat is already done digitally via credit and debit.

It can’t be manipulated is the other argument? Well clearly it can lol.
 Quoting: Nyblazer


BTC is the ultimate HARD MONEY store of value.

It is not transactional. Use Litecoin or something for buying your Starbucks.

BTC is HARDER MONEY THAN GOLD, because it has ABSOLUTE SCARCITY, where gold does not (and there may well be far more gold above ground than we are led to believe.)

It is also permissionless and peer-to-peer. No skeevy middlemen "wetting their beaks."

Just listen to a few Michael Saylor or Max Keiser videos, and you'll get it.

Or not.

drevil
 Quoting: Anonymous Coward 79423050


Of course it has scarcity. It doens't actually exist. I have an imaginary collection of baseball cards? My top card is a bargain price right now at 10000000, but I know it will double by the end of the year. Other people think so too. I will give you a special offer today and today only. it could be yours for only 9999999. Don't miss this opportunity of a lifetime!
 Quoting: Anonymous Coward 80313195


People who but crypto are the same people who shell out fortunes for some "rare" Team Fortress hat.
Anonymous Coward
User ID: 77204191
United States
05/19/2021 09:23 AM
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Re: 30%-40% crypto drops are normal
freaks fuked up on hopium reminding me of the Q-anon or TDS posts. Keep waitin till you goto the moon tards!
Weyoun

User ID: 80247245
Canada
05/19/2021 09:25 AM
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Re: 30%-40% crypto drops are normal
Exactly and that’s my whole problem with crypto.

I’ve yet to see anyone really explain what exactly it could ever offer that traditional fiat money can’t. What could Bitcoin ever do substantially better than fiat cash? Digital transfers? Basically 90% of shit we pay for via fiat is already done digitally via credit and debit.

It can’t be manipulated is the other argument? Well clearly it can lol.
 Quoting: Nyblazer


BTC is the ultimate HARD MONEY store of value.

It is not transactional. Use Litecoin or something for buying your Starbucks.

BTC is HARDER MONEY THAN GOLD, because it has ABSOLUTE SCARCITY, where gold does not (and there may well be far more gold above ground than we are led to believe.)

It is also permissionless and peer-to-peer. No skeevy middlemen "wetting their beaks."

Just listen to a few Michael Saylor or Max Keiser videos, and you'll get it.

Or not.

drevil
 Quoting: Anonymous Coward 79423050


Lol GOLD is GOLD. It isn’t something that was developed on a computer on day by someone. It’s a natural scarce earthly element.
 Quoting: Nyblazer


You are being obtuse.

It's SCARCITY that makes an asset valuable.

Whether it's a naturally-occurring element, or an impregnable computer network.

Gold is less scarce than BTC, which has an absolute cap of 21 million units.

drevil
 Quoting: Anonymous Coward 79423050


Some CoD gun skins are even more "scarce". To the moon!?
Anonymous Coward
User ID: 1182096
United States
05/19/2021 09:30 AM
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Re: 30%-40% crypto drops are normal
I bet 500 on Doge Coin No big deal. My wife puts that much in the slot machines. Just pull the leveler and hope for 3 7's.
zörro

User ID: 74457331
Australia
05/19/2021 09:34 AM
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Re: 30%-40% crypto drops are normal
well its bleeding like a nun on Friday atm... and a lot of exchanges are crashing with high use...


wow - right on time with the CMEs?

I think there will be a huge bounceback - this is the trend atm...
Anonymous Coward
User ID: 78115273
Canada
05/19/2021 09:36 AM
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Re: 30%-40% crypto drops are normal
Dunno bout the rest but XRP which I get a morning notification on goes up and down 10, 20, 30% daily, and each time I am like, shoot, I could have day traded on that, but I don't.
Anonymous Coward
User ID: 80351455
United States
05/19/2021 09:38 AM
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Re: 30%-40% crypto drops are normal
I just bought more LTC...snagged it around 160 this morning
Anonymous Coward
User ID: 76243831
Australia
05/19/2021 09:40 AM
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Re: 30%-40% crypto drops are normal
This is what happens when there is no kill switch.
Anonymous Coward
User ID: 73063447
United States
05/19/2021 09:44 AM
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Re: 30%-40% crypto drops are normal
holdovers from prior admins always weigh things down
Anonymous Coward
User ID: 79044425
United States
05/19/2021 09:44 AM
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Re: 30%-40% crypto drops are normal
I just bought more LTC...snagged it around 160 this morning
 Quoting: Anonymous Coward 80351455


Arrrrgh!!!!.....I'm trying to buy but huge delays and outages....Bargain hunting....
MoonSlice

User ID: 78890732
United States
05/19/2021 09:45 AM

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Re: 30%-40% crypto drops are normal
CRYPTO is an ECELLENT TOOL for the FED to slow the velocity of fiat being pumped into the system so inflation doesnt seem so out of control.
 Quoting: Anonymous Coward 80380433


^^ THIS

And when they have their own gov-coin or inflation fades they will beat the hell out of other cryptos by regulation.
 Quoting: LostRabbit


The Economist had an article out this May about the coming “Fedcoin”
MoonSlice
Anonymous Coward
User ID: 79085696
United States
05/19/2021 11:24 AM
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Re: 30%-40% crypto drops are normal
If crypto was a nothing - shills wouldn't attack it ;)
 Quoting: zörro


It's cryptonite for a certain tribe. It's slowly choking their shit out and there's nothing they can do about it except make it look unstable in the short term.





GLP