I just bought $200,000 of Bitcoin

[jerrymahoney]

7 minutes ago, Neeranam said:

If you haven't heard of those things, perhaps BTC is not something you should consider buying lol. 

Thank you. I haven't considered it.

[fdsa]

31 minutes ago, Neeranam said:

Metaverse

bullshít

31 minutes ago, Neeranam said:

DeFi

has some use

31 minutes ago, Neeranam said:

Web3

dafuq is that?

 

 

crypto enthusiast since 2010

[ozimoron]

1 minute ago, fdsa said:

dafuq is that?

tldr; scroll to the bottom.

 

https://hbr.org/2022/05/what-is-web3

[fdsa]

59 minutes ago, ozimoron said:

tldr; scroll to the bottom.

 

https://hbr.org/2022/05/what-is-web3

ok I got it, "web3" is a marketing bullshít for "application using blockchain technology"

[PPGuy]

This is an opinion piece on The Guardian.

 

The comments on the article are probably of as much interest.  

 

https://www.theguardian.com/commentisfree/2022/nov/23/ftx-binance-crypto-market#comment-159996703

[Normaa]

1 hour ago, fdsa said:

ok I got it, "web3" is a marketing bullshít for "application using blockchain technology"

You're right but that being said, web3 is much more convenient to use than "application using blockchain technology" ????

https://hackernoon.com/web3-technologies-show-the-promise-of-achieving-the-original-vision-behind-the-world-wide-web

[SheungWan]

2 hours ago, Normaa said:

You're right but that being said, web3 is much more convenient to use than "application using blockchain technology" ????

https://hackernoon.com/web3-technologies-show-the-promise-of-achieving-the-original-vision-behind-the-world-wide-web

"Scam", a much better description.  

[fdsa]

25 minutes ago, SheungWan said:

"Scam", a much better description.  

do not mistake "web3" with "NFT"

[olfu]

After I watched crypto market for a while FTX  claim bankruptcy and Bitcoin drop to 15K area.

Thank you for the warning.

[jerrymahoney]

Now wait for the contingent of folks (here and elsewhere) who will claim that they saw they FTX debacle coming.

[jerrymahoney]

36 minutes ago, Dead Cat Bounce said:

what sort of mugs fall for these kind of snake-oil salesmen / film-flam artists <deleted>? ????

FTX’s list of investors spans powerful and well-known investment firms: NEA, IVP, Iconiq Capital, Third Point Ventures, Tiger Global, Altimeter Capital Management, Lux Capital, Mayfield, Insight Partners, Sequoia Capital, SoftBank, Lightspeed Venture Partners, Ribbit Capital, Temasek Holdings, BlackRock and Thoma Bravo.

 

https://www.nytimes.com/2022/11/11/technology/ftx-investors-venture-capital.html

[youngexpat]

[jerrymahoney]

To the above: They forgot (now) convicted felon Ms. Elizabeth Holmes “First they think you're crazy, then they fight you, then you change the world.”... 

 

[MrJ2U]

Almost down by 40%.

[Phnom Penh Trader]

I have some Magic Beans for sale if anyone is interested,maybe Neeranam it looks like he’s willing to go all in on Tulip Bulbs etc?

[Phnom Penh Trader]

Bankman-Fried the CEO of the now defunct FTX was the second largest contributor to the Democrat Party of the U.S.A. funny that who knew?

10% to the big guy and all that what the Hell were all those dead people thinking when they voted for Dementia Joe Jinping?

[Phnom Penh Trader]

An interesting website here for anyone that still thinks investing in Bitcoin and cryptocurrencies is a good idea :

https://web3isgoinggreat.com

[suzannegoh]

1 hour ago, Phnom Penh Trader said:

I have some Magic Beans for sale if anyone is interested,maybe Neeranam it looks like he’s willing to go all in on Tulip Bulbs etc?

Iraqi Dinar is where the action is.

[ding]

 

"hedge funds will be pumping this worthless crypto to the moon"

Billionaire hedge fund managers disagree; Ray Dalio, Jeremy Grantham, Warren Buffet, Charley Munger, etc.

 

Also, The irony of fiat currency critics recommending crypto is not lost on me.

 

I love blockchain and some of the potential independence it represents. But until I can safely buy milk at 7-11 with it... I can't take crypto seriously.

Edited November 25, 2022 by ding

[Neeranam]

On 11/24/2022 at 7:39 PM, SheungWan said:

"Scam", a much better description.  

How on earth is 'web3" a scam? 

[bbi1]

"I'm a total crypto sceptic. Check my past posts. But for the love of god there is a double digit inflation worldwide and I just can't in good faith watch my savings evaporate. "

 

 

Ouch, a 60%+ loss from when you bought BTC has gotta hurt more than watching your savings evaporate ???? Hopefully you're not still holding and had a stop loss in place to exit.

Edited November 25, 2022 by bbi1

[Neeranam]

3 hours ago, bbi1 said:

"I'm a total crypto sceptic. Check my past posts. But for the love of god there is a double digit inflation worldwide and I just can't in good faith watch my savings evaporate. "

 

 

Ouch, a 60%+ loss from when you bought BTC has gotta hurt more than watching your savings evaporate ???? Hopefully you're not still holding and had a stop loss in place to exit.

 60% drop is normal in Crypto, selling would be a stupid thing to do. 

Edited November 25, 2022 by Neeranam

[Mac Mickmanus]

1 hour ago, Neeranam said:

 60% drop is normal in Crypto, selling would be a stupid thing to do. 

Bitcoin has been falling in price for the past year , when will it begin to rise again ?

[Neeranam]

7 hours ago, Mac Mickmanus said:

Bitcoin has been falling in price for the past year , when will it begin to rise again ?

The charts say Jan, 23. As there's bullish divergence on the weekly, now is a great time to buy. 

[Neeranam]

8 hours ago, Mac Mickmanus said:

Bitcoin has been falling in price for the past year , when will it begin to rise again ?

 

[jvs]

13 minutes ago, Neeranam said:

 

I remember reading last year that by x-mass time (last year)

bitcoin would be 124 000 dollars.

I have absolutely no confidence in the so called professionals.

Yes it has been going up and down in price a lot over the years but i do

believe the circumstances now are much different from before.

 

[Neeranam]

4 minutes ago, jvs said:

I remember reading last year that by x-mass time (last year)

bitcoin would be 124 000 dollars.

I have absolutely no confidence in the so called professionals.

Yes it has been going up and down in price a lot over the years but i do

believe the circumstances now are much different from before.

 

Indeed, a lot of the so-called experts were wrong. 

The fundamentals are the same, just a lot of FUD, from people who don't understand crypto, shouting about how the last year it has dropped so much. This was totally expected and welcome. FTX hurt the space and the haters, who are hurting because their stock portfolios are down, are connecting FTX with BTC etc when traditional finance has had exactly the same things happen, Bernie Madoff, Enron etc. 

BTC is volatile and the haters were hating when it was $15. Every time there is a consolidation, they rush in calling investors idiots, as subconsciously they know they themselves are the fools for not buying BTC 2 years/7 years/10 years ago. BTC has outperformed everything over the last 10 years, and they are sore. However, they are very childish with their self-righteous indignation of those who have made a lot of money with BTC, but if it makes them feel superior, carry on. 

[jvs]

16 minutes ago, Neeranam said:

This was totally expected and welcome.

Did you also expect this to happen?

[Neeranam]

3 minutes ago, jvs said:

Did you also expect this to happen?

The bear market ? Of course. 

[jvs]

1 minute ago, Neeranam said:

The bear market ? Of course. 

Sorry ,i just don't get it.If you are in the know as you claim to be then why

not sell at the height  and buy back now?

Is that not what investing is all about,making money?