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re: Official CryptoTalk Thread

Posted on 5/11/22 at 8:00 am to
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
10426 posts
Posted on 5/11/22 at 8:00 am to
Luna is going to need a huge infusion of money to survive. But I did add a few tokens as a yolo play.
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 5/11/22 at 8:00 am to
never thought you as such a degenerate
Posted by hiltacular
NYC
Member since Jan 2011
19689 posts
Posted on 5/11/22 at 8:04 am to
quote:

Luna is going to need a huge infusion of money to survive. But I did add a few tokens as a yolo play.


I think the only hope at this point is that the community rallies behind it in an attempt to re-legitimize.
Posted by DreauxB2015
Member since Nov 2015
7738 posts
Posted on 5/11/22 at 8:07 am to
RIP Crypto , its over . In the end all that will rise will be a CBDC. That was always the plan. I hope many of you saw this coming . The great reset was never gonna allow any of us to prosper for very long . I took my money and ran awhile back . Prayers for everyone involved.
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5151 posts
Posted on 5/11/22 at 8:09 am to
What up Dreaux!


Haven’t seen you in here in a few years when you were saying the exact same thing
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11195 posts
Posted on 5/11/22 at 8:10 am to
quote:

Liquidity drop, atbitrage, redemptions. Peg break. Luna drop. Liquidation, arbitrage, redemptions. Second drop. Repeat. Repeat. Loss of confidence, more liquidity loss. Repeat.



I cannot wait for the forensic analysis of this. To be fair to this situation it happens to most currencies in the long run i.e. Yuan and Yen right now. Can they call up the IMF for help yet?
Posted by SlowFlowPro
Simple Solutions to Complex Probs
Member since Jan 2004
423384 posts
Posted on 5/11/22 at 8:11 am to
quote:

Hold on to cash and it evaporates, hold onto anything and it plummets in this market. Fun times.

Yeah real fun, especially if you just bought a house at this recent peak... with a variable interest mortgage
Posted by jmcwhrter
Member since Nov 2012
6589 posts
Posted on 5/11/22 at 8:12 am to
Musical chairs

Crypto always rebounds to new highs, until it doesnt..
Posted by DreauxB2015
Member since Nov 2015
7738 posts
Posted on 5/11/22 at 8:15 am to
Hate seeing this shite my man .
Posted by FnTigers
Member since Sep 2021
1437 posts
Posted on 5/11/22 at 8:16 am to
quote:

I can't think of a bigger shitcoin and I would be willing to bet I own more of it than you do.
Call it what you want, but it's stable and it works.

quote:

What are gas fees right now?
Pulsechain will help this. And yes, the eth fees are ridiculous. Doesn't make it a shitcoin. Makes it a bloated blockchain.

What do you do when your McDonalds is too packed? You build a new one across town.
Posted by BottomlandBrew
Member since Aug 2010
27154 posts
Posted on 5/11/22 at 8:18 am to
Well, I had an order filled at $1. Let's see where this goes.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11195 posts
Posted on 5/11/22 at 8:19 am to
quote:

Yeah real fun, especially if you just bought a house at this recent peak... with a variable interest mortgage



Actually right now is exactly when you want to get locked in to an ARM
Posted by RJSambola
Member since Jun 2012
319 posts
Posted on 5/11/22 at 8:22 am to
Well you just made 35%

And 10 minutes later it's a 2.5x
This post was edited on 5/11/22 at 8:29 am
Posted by BottomlandBrew
Member since Aug 2010
27154 posts
Posted on 5/11/22 at 8:30 am to
Sold at $2.65. Took initial wager out and now playing with house money. Let's see how long I can juggle this hot potato. Probably gonna lose it all, but I have nothing better to do today
Posted by RJSambola
Member since Jun 2012
319 posts
Posted on 5/11/22 at 8:35 am to
It's losing steam, you may be able to do it again in 30 minutes
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 5/11/22 at 8:35 am to
yalll trying to dunk on me when the entire market is in shambles lmao pitiful

im down over 6 figs though just this week. it happens. not too concerned. win some you lose some.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 5/11/22 at 8:36 am to
quote:

Yeah real fun, especially if you just bought a house at this recent peak... with a variable interest mortgage


wut that makes no sense at all
Posted by Ross
Member since Oct 2007
47824 posts
Posted on 5/11/22 at 8:37 am to
quote:

im down over 6 figs though just this week. it happens. not too concerned. win some you lose some.



just happy to see you back in this thread
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 5/11/22 at 8:37 am to
quote:

right now is exactly when you want to get locked in to an ARM


yup
Posted by slackster
Houston
Member since Mar 2009
85136 posts
Posted on 5/11/22 at 8:40 am to
quote:

never thought you as such a degenerate


Have to dip my toe in the water when something falls 70-80-90-99%.
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