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Started By
Message
re: Why is crypto crashing?
Posted on 6/9/22 at 11:39 pm to KillTheGophers
Posted on 6/9/22 at 11:39 pm to KillTheGophers
quote:
There is fundamental difference between the items in that article and crypto. Crypto produces nothing.
You talk about "crypto" like it's this monolithic imaginary thing. You have no idea what it is or isn't.
1
Posted on 6/10/22 at 8:13 am to Jjdoc
Dude
Why do you convert to usd?
Why do you convert to usd?
Posted on 6/10/22 at 5:27 pm to SlidellCajun
Just a guess and certainly not the entire reason, but the speculators are getting distilled.
There are some of us who will never sell.
There are some of us who will never sell.
Posted on 6/12/22 at 7:29 pm to olgoi khorkhoi
Bitcoin: New 12-month low today: $26,872.61 Buy the dip? Jump ship? Is it real or is it the world's greatest magic act?
Is this a watershed moment for the future of BTC?
Is this a watershed moment for the future of BTC?
Posted on 6/12/22 at 7:31 pm to Hayekian serf
Any concern crypto value is a result of excess money supply about to be dried up
Posted on 6/12/22 at 7:38 pm to thelawnwranglers
quote:
Any concern crypto value is a result of excess money supply about to be dried up
Yup. My only crypto investments were excess cash when I didn’t see value in stocks. Luckily I took big profits to Fidelity and only lost about 40% of it so far
Posted on 6/12/22 at 7:38 pm to thelawnwranglers
quote:
Any concern crypto value is a result of excess money supply about to be dried up
Can you explain what you mean by this?
Posted on 6/12/22 at 8:28 pm to Realityintheface
quote:
Can you explain what you mean by this?
If I understand inflation fed larger balance sheet and stimulus there is too much money in system on consumer demand side. With constrained supply and less discretionary outlets we have see increase in investment including alternative investments. As retail money gets tight because fed tightens money supply investment in crypto might go down versus being a hedge against a dollar losing value
That said I am out of my depth
Posted on 6/12/22 at 8:52 pm to tigerpawl
It to low $25k during one of the early Russian invasion nights. So we’re not at a 12 month low. Yet.
Posted on 6/12/22 at 8:59 pm to TigerDeBaiter
Close
Posted on 6/12/22 at 9:10 pm to Realityintheface
Last one out turn the lights off
Posted on 6/12/22 at 9:27 pm to tigerpawl
It’s going lower, have a big ole pile of cash I plan to deploy into it eventually as it approaches $20k
Posted on 6/13/22 at 12:25 am to thelawnwranglers
quote:Of course. All the absurdities - NFT, crypto, etc. were massively boosted by young people having too much free money to go around.
Any concern crypto value is a result of excess money supply about to be dried up
This post was edited on 6/13/22 at 9:36 am
Posted on 6/13/22 at 1:02 am to Big Scrub TX
quote:
young people
are about to learn an expensive lesson.
Posted on 6/13/22 at 1:14 am to cable
Celsius locked up. No transactions allowed. 13Bn exchange. May be gone. Add to the 3Bn scam by DoKwon. Criminals and Ponzis are blowing up.
Posted on 6/13/22 at 6:42 am to PUB
quote:
Celsius locked up. No transactions allowed. 13Bn exchange. May be gone.
Wow. For those that trade crypto use it to buy stuff, can you shed light on what this means for you?
This post was edited on 6/13/22 at 6:44 am
Posted on 6/13/22 at 6:57 am to 21JumpStreet
Here comes true capitulation.. Hold on tight
Posted on 6/13/22 at 7:06 am to Hulkklogan
Yup. Or will there be panic?
Posted on 6/13/22 at 7:12 am to SlidellCajun
quote:
Wow. For those that trade crypto use it to buy stuff, can you shed light on what this means for you?
IF people that use Crypto to buy stuff, its not on Celsius.
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