Bitcoin is a Ponzi

[MasterOfAllHeSurveyz]

lmao ponzi alert

You can't withdraw the money via the BTC network chain. You can withdraw it via ETH (ERC20) or the BNC (BEP2/BNC) network chains.

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Is now the time to buy or is it going to keep dropping?

This is the time to buy. Whether it's crypto, stocks, real estate or any other investment vehicle, The majority of people freak out when the price drops, corrects or crashes and are only at the trough when the investment vehicle is at or near all-time highs.

This is the sentiment of the majority of people when they freak out or they're too bored to stick out a bear market. It's queued and the convo is about 3 minutes.


"Most people stick around during the fun bit (bull). No one sticks around during the boring bit (bear)." - Cobie

This image below demonstrates this sentiment to a tee.

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I knew that CPI news on Friday was going to bleed on over to crypto. I entered a $1k short (100x leverage) @ $31.5 and road it down to $27.6. I put in another $1k (100x leverage) short @ $28.15k and road that down to $22.75k I just wish the other exchanges had trailing stops like ByBit. Shout out to Full Value Dan for helping me get the legal KYC workaround on Binance & Bybit.

 

[lib123]

You can't withdraw the money via the BTC network chain. You can withdraw it via ETH (ERC20) or the BNC (BEP2/BNC) network chains.

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This is the time to buy. Whether it's crypto, stocks, real estate or any other investment vehicle, The majority of people freak out when the price drops, corrects or crashes and are only at the trough when the investment vehicle is at or near all-time highs.

This is the sentiment of the majority of people when they freak out or they're too bored to stick out a bear market. It's queued and the convo is about 3 minutes.


"Most people stick around during the fun bit (bull). No one sticks around during the boring bit (bear)." - Cobie

This image below demonstrates this sentiment to a tee.

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I knew that CPI news on Friday was going to bleed on over to crypto. I entered a $1k short (100x leverage) @ $31.5 and road it down to $27.6. I put in another $1k (100x leverage) short @ $28.15k and road that down to $22.75k I just wish the other exchanges had trailing stops like ByBit. Shout out to Full Value Dan for helping me get the legal KYC workaround on Binance & Bybit.

The assumption that markets will quickly bounce back again is flawed. The reason they bounced back so quickly in 2009 and even faster in 2020 was because the Fed injected trillions into the markets. The current high inflation (highest since the 1970s/80s) will prevent the Fed from doing so without sparking hyperinflation.

 

[MasterOfAllHeSurveyz]

The assumption that markets will quickly bounce back again is flawed. The reason they bounced back so quickly in 2009 and even faster in 2020 was because the Fed injected trillions into the markets. The current high inflation (highest since the 1970s/80s) will prevent the Fed from doing so without sparking hyperinflation.

Who the fukk said anything about a quick recovery? Show me where I mentioned or implied anything remotely close to that. I find it funny that you only post when there's a correction. When there's bull sentiment, you're nowhere to be found.

Hell, you said last year that BTC would go to $10k before last year's bull run. Maybe you'll be right one of these days.

 

[lib123]

Who the fukk said anything about a quick recovery? Show me where I mentioned or implied anything remotely close to that. I find it funny that you only post when there's a correction. When there's bull sentiment, you're nowhere to be found.

Hell, you said last year that BTC would go to $10k before last year's bull run. Maybe you'll be right one of these days.

You're right. I meant the assumption that Bitcoin will reach its previous highs is flawed. And that's not true. I've posted during uptrends and downturns. I don't run. Unlike other people who were mentioning me during uptrends yet they're silent right now.

 

[Tres Leches]

I’ve been limiting my buys only when this thread is upped in the first page, has really kept me disciplined with extra cash for bear market

 

[GoldenGlove]

This is the time to buy. Whether it's crypto, stocks, real estate or any other investment vehicle, The majority of people freak out when the price drops, corrects or crashes and are only at the trough when the investment vehicle is at or near all-time highs.

My god, can people stop saying shyt like this? No matter WHAT asset class you are for, it's not time to buy. There is no signal that things will pickup to just be telling nikkas to buy cause shyt dropped in price. You're gonna be having people losing money just cause... We don't know where the bottom is for any of this shyt given the economy, so lets chill for a day. shyt.

 

[lib123]

My god, can people stop saying shyt like this? No matter WHAT asset class you are for, it's not time to buy. There is no signal that things will pickup to just be telling nikkas to buy cause shyt dropped in price. You're gonna be having people losing money just cause... We don't know where the bottom is for any of this shyt given the economy, so lets chill for a day. shyt.

 

[Astroslik]

A whole brick going for the low now.

Brehs sleep

If it drops to $15k I’m buying another whole

 

[88m3]

Bitcoin is a Ponzi

 

[CrimsonTider]

A whole brick going for the low now.

Brehs sleep

If it drops to $15k I’m buying another whole

Please read the post directly above yours

 

[Diunx]

I mean you can make money off it but if you believe all the BS the crypto bros spew and that the gov can't control it, money of the future and all that crap, then you are a moron.

Its not a scam in the sense that a crypto that is worth .25 now can go up to . 35 in a few months/years

 

[lib123]

It's cold how the whales have been doing these massive dumps at night on the weekends. They probably know that many dip buyers have open limit orders and they're busy doing other things. Cold world.

 

[Hijo de luna]

I'm a finance guy and I won't touch the shyt. My cousin was talking all that "new world order-only BTC holders will be able to eat in the future" shyt last year. I suspect he did something stupid like cashed out of his 401k to cop when the price was $60k. He swore the price was running up to $250k smh. I ain't heard him say shyt about crypto all year

 

[Armchair Militant]

 

[null]

This image below demonstrates this sentiment to a tee.

100 USD of bitcoin is the same in both queues.

100 USD.