hahahhaha crypto bro's
eat it
eat it
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Shitcoin schillers are supposed to go away in bear markets, I guess we still have a few lingering
“If you think tough men are dangerous, wait until you see what weak men are capable of.”
—Jordan B. Peterson
Listen to Pomp tell why is Bitcoin importantComment
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Trillions lost and lives ruined: inside crypto’s ‘Lehman Brothers’
https://www.standard.co.uk/insider/b...-b1001656.htmlComment
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Your FUD article is littered with false information, clearly written by someone who has done no more than couple minutes or hours of research on fundamentals of any cryptocurrency or Bitcoin.
Example #1:
"For the uninitiated, cryptocurrency is a “virtual currency” that is de-centralised so doesn’t require a middleman aka a bank"
This is false. Bitcoin is decentralized. The rest are not.
Example #2:
"Crypto is a gamble. You’re betting on a game where you don’t know the rules"
Bitcoin is open source, every piece of Bitcoin technology can be read/seen by anyone, and it is unchangeable. And the blockchain is 100% transparent. Of anything in the world, Bitcoin is something you can truly learn it fully, the rules are clearly stated. So again, this article is (most likely) lying intentionally to fit a WEF, IMF, or central banks narrative.
Tons more examples.
DVTimes did you even read this article?
“If you think tough men are dangerous, wait until you see what weak men are capable of.”
—Jordan B. Peterson
Listen to Pomp tell why is Bitcoin importantComment
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Decentralize it!
Try to beat the chacha sha256{Guess#1}Blockchain
youtu.be/S9JGmA5_unY
UNIVERSE PC MASTER RACEComment
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Never knows It might go to zeroO1million $ in a MonthComment
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“If you think tough men are dangerous, wait until you see what weak men are capable of.”
—Jordan B. Peterson
Listen to Pomp tell why is Bitcoin importantComment
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https://www.independent.co.uk/tech/b...-b2099593.html
Bitcoin (BTC) has crashed more than 10 per cent at the start of the week, falling below $25,000 for the first time since December 2020.
It is the latest in a series of price crashes for the cryptocurrency, which has seen it drop more than 60 per cent in value over the last seven months.Comment
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Bitcoin price plummets below $25K following Celsius freeze
https://www.theverge.com/2022/6/13/2...e-drop-celsius
On Sunday night, the Celsius Network, one of the largest crypto lending platforms, abruptly announced a “pause” on withdrawals and transfers, citing “extreme market conditions.” Celsius announced its halt as markets in Asia opened on Monday morning, and the price of its CEL token — worth nearly $7 a year ago — lost a third of its remaining value, falling to just 21 cents.
In the hours that followed the pause, prices of other cryptocurrencies have also tumbled. CoinMarketCap’s global cryptocurrency tracker showed the total market cap of crypto assets (including stablecoins and tokens) below $1 trillion as of 8:53AM ET, falling from its peak of $3 trillion last November.Comment
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https://www.theguardian.com/technolo...ket-conditions
Bitcoin withdrawals temporarily suspended in volatile day for crypto market
The cryptocurrency market has endured another day of volatility as the Binance exchange temporarily suspended bitcoin withdrawals and the total value of the digital asset market dipped below $1tn (£820bn), after a cryptocurrency lender stopped customers from taking back their funds.
The cryptocurrency lending platform Celsius Network halted withdrawals because of “extreme market conditions”, prompting a selloff.
Bitcoin dropped to a 17-month low of $23,629 after the Celsius announcement, while ether, the world’s second-largest cryptocurrency after bitcoin, dropped more than 15% to $1,237, its lowest since January 2021. Meanwhile, Binance announced it had “temporarily paused” bitcoin withdrawals owing to a “stuck on-chain transaction”, before announcing a resumption several hours later.
The total value of the cryptocurrency market fell below $1tn after the sell-off, according to the data site CoinMarketCap, which had valued the market at almost $3tn in November.Comment
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Bitcoiners have been calling out these potential rug-pull/scams for months/years.
https://twitter.com/coryklippsten/st...37207858999296
^^ this guy predicted the UST/Luna AND Celsius pull. Follow & learn from him. “If you think tough men are dangerous, wait until you see what weak men are capable of.”
—Jordan B. Peterson
Listen to Pomp tell why is Bitcoin importantComment
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Don't buy the dip, the worst is yet to come.Comment
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Bank of England's Bailey repeats dire crypto warning: Be prepared to lose all your money
https://uk.finance.yahoo.com/news/ba...162315148.html
Bank of England (BoE) governor Andrew Bailey has warned crypto investors they could lose all their money as he said unbacked crypto assets have no intrinsic value.
"If you want to invest in these assets, okay, but be prepared to lose all your money," Bailey told the the public accounts committee (PAC) on Monday.
He added: "People may still want to buy them because they have extrinsic value ... people value things for personal reasons. But they don't have intrinsic value.
"This morning we have seen another blow-up in a crypto exchange."
Speaking to MPs on the committee, he also said artificial intelligence tools (AI) could potentially be a means to create automatic controls on suspicious cryptocurrencies. Bailey said that there are a lot of bad actors in crypto world and AI could be harnessed to automatically weed them out instantaneously.
Bailey's comments came as bitcoin and other cryptocurrencies are collapsing in price after Binance temporarily halted all withdrawals, citing "extreme market conditions".Comment
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Binance suspends bitcoin withdrawals as price slides
https://www.thetimes.co.uk/article/b...ides-jfvcdsmhk
Bitcoin suffered another wave of selling after the world’s biggest exchange, Binance, suspended customer withdrawals hours after a leading lender to the crypto market halted transfers.
The price of bitcoin fell another 15.5 per cent yesterday, taking the price below $25,000 for the first time since December 2020 and fuelling a sell-off in the wider cryptocurrency market.Comment
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I get the impression DVTimes doesn't like Bitcoin very much!
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Programming today is a race between software engineers striving to build bigger and better idiot-proof programs, and the Universe trying to produce bigger and better idiots. So far, the Universe is winning.Comment
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Bitcoin crashes AGAIN: Cryptocurrency plunges to below $20,200 in new sell-off as digital trading companies slash thousands of jobs
https://www.dailymail.co.uk/news/art...-sell-off.html
Cryptocurrencies including Bitcoin are crashing in value again in a new digital currency plunge as spooked traders frantically sell off assets before the US Federal Reserve is expected to raise interest rates today.
Bitcoin fell this morning to a new 18-month low, as the recent tumble in crypto markets showed no sign of letting up while US stocks also plunged.
The world's largest cryptocurrency fell as much as 7.8% to $20,289, its lowest since December 2020. It has lost around 28% since Friday and more than half of its value this year. Since its record high of $69,000 in November, it has slumped about 70%.Comment
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Bitcoin Drops Toward $20K Amid Contagion Risks in Crypto Markets
https://www.coindesk.com/markets/202...rypto-markets/
The bitcoin price neared $20,000 in European hours Wednesday as it extended a 12-week slide amid weak macroeconomic sentiment and contagion risk from within the crypto market, data show.
Crypto lender Celsius paused all withdrawals earlier this week citing "extreme market conditions," leading to questions about the firm’s liquidity. Prominent crypto fund Three Arrows faced at least $400 million in liquidations and scrambled to lower its collateral levels by selling key positions this morning, as reported.
Bitcoin fell to just above the $22,000 level in U.S. hours on Tuesday. The decline gathered pace on Wednesday morning, with the cryptocurrency sliding under $21,000, dropping for the eighth consecutive day and losing 30% over the past week.Comment
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Bitcoin price crashes further amid warnings it could still go ‘much further south’
https://www.independent.co.uk/tech/b...-b2101494.html
The price of bitcoin is just a few hundred dollars away from the peak it experienced in 2017, prompting fears of another major sell-off.
The cryptocurrency dropped by a further 10 per cent on Wednesday to below $20,200, taking its total losses to more than 70 per cent from its record price of close to $69,000 in November 2021.Comment
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Don't buy Bitcoin (if you're afraid of a crash)
“If you think tough men are dangerous, wait until you see what weak men are capable of.”
—Jordan B. Peterson
Listen to Pomp tell why is Bitcoin importantComment
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lol @ who you follow
so this is where you get your "info" from
“If you think tough men are dangerous, wait until you see what weak men are capable of.”
—Jordan B. Peterson
Listen to Pomp tell why is Bitcoin importantComment
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@20k nowComment
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Damn I bet it will be under 20k tomorrow morning . It goes down all the timeComment
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I own a bitcoin, given to me eons ago by someone who thought I'd encourage more camgirls to use itYour FUD article is littered with false information, clearly written by someone who has done no more than couple minutes or hours of research on fundamentals of any cryptocurrency or Bitcoin.
Example #1:
"For the uninitiated, cryptocurrency is a “virtual currency” that is de-centralised so doesn’t require a middleman aka a bank"
This is false. Bitcoin is decentralized. The rest are not.
Example #2:
"Crypto is a gamble. You’re betting on a game where you don’t know the rules"
Bitcoin is open source, every piece of Bitcoin technology can be read/seen by anyone, and it is unchangeable. And the blockchain is 100% transparent. Of anything in the world, Bitcoin is something you can truly learn it fully, the rules are clearly stated. So again, this article is (most likely) lying intentionally to fit a WEF, IMF, or central banks narrative.
Tons more examples.
DVTimes did you even read this article?
I didn't promo it as I really don't understand it myself, never bothered to do the research required for due diligence to rec to others
it just sits there, I don't care how the prices move as I paid nothing for it to begin with
serious, non-sarcastic, non-rhetorical question to you:
it's clear you know a lot about this topic. are you holding or buying or selling right now? assuming you're not selling
personally I prefer cold hard cash, but get the general vibe behind ardent BTC supporters. just not for me, I am very risk adverse when it comes to money. I like stuff I can hold in my hand
just curious how you're handling the massive drop? respect your opinion, hence why I'm asking. what's your strategy re current conditions?Comment
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Hey @JesseQuinn, that's a great question and I totally understand how some people won't value Bitcoin or digital assets, like Warren Buffet says "it doesn't produce anything".
I feel its a moral obligation for us, humanity as a whole to help the most fair money/asset every created become a success. Its monetary policy cannot be persuaded, controlled, lobbied, or changed. Imagine if gold had an absolute mathematical finite supply AND could be transferred digitally or used for payments, that would be a "golden" property, so the next best thing = Bitcoin
- btc finite supply vs fiat infinite vs gold semi-finite (until meteor mining)
- payments can be made instant, free (check "Lightning Network" or "Liquid by Blockstream")
- pure ownership, you hold your BTC cold storage and nobody can freeze, limit, deduct, hack, steal that from you, absolute true ownership. Even your money in bank is not actually yours, you have access to it, but it can be frozen/limited/seized etc (look at what Canada did to the truckers)
.... and i see a lot of haters always say "the only reason to buy btc is they want to become rich" that can't be more false. We consider Bitcoin a "savings technology", since we can't be stupid enough to save cash in bank which is 100% guaranteed to lose 100% value per 30-50 years.
And your question about what I'm doing during drops like this, tbh, I'm calloused nowadays, drops like this I see as opportunities, and exciting
I watched it crash from $1000 to $100, $20k to $3k, $60k to $20k, etc etc, no way anyone can perfectly time the top to sell, or time the bottom to buy, so I think any big drops (like now) is great time to buy a lot, while always having auto-weekly-buys too. I live by this: "time in the market beats timing the market" we have to accept not making perfect moves, bcos if waiting for perfect, and end up doing nothing, you lose in the long run.
“If you think tough men are dangerous, wait until you see what weak men are capable of.”
—Jordan B. Peterson
Listen to Pomp tell why is Bitcoin importantComment
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Crypto coins have zero value and are reduced even more in the fact we cn all set up a new coin each day.
They became a pyramid scheme, on the basis you are told, by them and people will trade. But most people do not trade as they hold them hoping others will trade (buy things) while they hope they raise in price.
Pyramid schemes work in the same way. They have often a bogus product that makes them look legit. Then you blag people into getting rich quick.
If you get in early, and sell when things are high, you may make money.
But for the bulk of people, they will buy high and hold on, then the coins crash and never go back.
It is not that cripto has no use, but the problem is people connect it to real money.
The con comes as people tell you rubbish about how you should ignore people saying bad things about it, as its a coin outside world government's and gives you control and so on. Guess what, you hear the same arguments with pyramid schemes (almost word for word).
In practical terms, these coins are not used by many to buy and sell. And why would you? Who would sell a house in such coins when tomorrow your coins may be worth 0 or a zillion.
The reason the dollar is used by not just the USA but a few other countries, is because its stable.
Now crypto coins can have a place as long as you do not see it as a value connected to real money. For instance in a VR world, trading in a crypto coin may work. But the moment you connect it to real money, it becomes something people want to try to make a fast buck with, and as such everyone buys, and just holds on to it.
With bitcoin and others, the chances are it will die. It is possible it becomes worth less than $0.
The bitcoin is close to a point where investors will sell hoping to get any profit or at least not loose too much.
As it goes down, people will not even try to sell, as it will be worth so little, that they know they may at most get a few bucks.
However, who would give you money for bitcoins anyway? Unless your stupid, no one is going to pay out money for worthless bitcoins. So many firms will probably stop trading.
Of curse people will also hope bitcoin and others recover. This will be unlikely (though possible), as people will not risk investing huge money into such coins. You may have a few who invest $5 for fun, and even then, would sell if the coins rose in value.
However, the chance of a recovery are low.
One suspects the bitcoin will bounce around the $20,000 mark for a bit, and then crash as people do not see a recovery. And then people will panic sell.
Its once bitcoin goes to the $19,000 mark is presumably the end, when people fear and everything goes freefall.Comment
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