Crypto Crashes

[Pmbkk]

2 hours ago, Neeranam said:

Great time to buy when there is so much fear. 

 

I am buying. Actually bought Luna yesterday at 90c. 

 

People losing their life savings: 

 

https://www.independent.co.uk/tech/terra-luna-ust-crypto-price-crash-b2076655.html

 

[spidermike007]

47 minutes ago, HappyExpat57 said:

I remember a time when I thought "I have some money to invest. Why not buy oil? It will NEVER go down in value!" Then I thought better and just kept it in the bank. Sure nuff, oil started to plummet. This is all just too risky and I really don't need to gamble like this.

The banks are very grateful to be paying you 0.01% on your money. It is the steal of the century for those corrupt freaks.

[Pmbkk]

11 minutes ago, choff56 said:

I'm interested, Manhattan or Williamsburg?

 

I have a piece of A4 paper which I have cut into 100 pieces.

 

You can have any one piece for £100,000 ( all numbered, coloured in with a pound sign )

 

Better for the environment as no data mining and wasting of electricity .. ????

[Mac Mickmanus]

3 minutes ago, spidermike007 said:

The banks are very grateful to be paying you 0.01% on your money. It is the steal of the century for those corrupt freaks.

And the banks and bankers will have taken huge loses had they invested your money in Bitcoin, S&P and various other investment places , they take the loses and we keep our money (and the interest is about 1%) 

[Walker88]

30 minutes ago, Mac Mickmanus said:

I have no idea what we are talking about , completely lost 

I'm going to guess the guy's handle on YouTube was BTC 555.

 

From what RafPinto posted about the guy, BTC 666 would have been more appropriate.

[ThailandRyan]

14 minutes ago, Walker88 said:

I'm going to guess the guy's handle on YouTube was BTC 555.

 

From what RafPinto posted about the guy, BTC 666 would have been more appropriate.

All are falling fast as the day moves onward

[2 is 1]

Always can make biggest profit's in falling market! If you know what you are doing but you cant make profit if your crypto coming down! Or maybe im old school investor ???? and stupid. Hmm... maybe can make futures trading whit cypro but i rather make few lotto line instead lol

Edited May 12, 2022 by 2 is 1

[Chris.B]

1 hour ago, cyril sneer said:

when it stops dropping think i'll start buying

When will that be then? Or will you tell us afterwards?? 

[Hummin]

9 minutes ago, 2 is 1 said:

Always can make biggest profit's in falling market! If you know what you are doing but you cant make profit if your crypto coming down! Or maybe im old school investor ???? and stupid. Hmm... maybe can make futures trading whit cypro but i rather make few lotto line instead lol

Inform me how to know what you doing? As long everything goes up with small dips, and then comtinue to go up, yes it is easy! 
 

But what about now? Is 10k bottom of the dip for btc? 3k ? It was expecting 100k last time I checked.

 

we know the recession and depression is just around the corner, what is your prediction the next decade to invest in? 
 

 

[RafPinto]

Bitcoin at 26,800

ouch.
Many will have been burned forever and never ever touch any crypto again.

How is Cathie Wood doing?

And the other guy "forgot his name". An absolute BTC bull who predicted BTC at 100k $ in a few months.

His entry level is 42k$

He borrowed hundreds of millions of $ from banks and as collateral, his BTC account.

Heavily leveraged and if BTC continues to fall, soon margin call for him and game over.

[RafPinto]

1 minute ago, Hummin said:

Inform me how to know what you doing? As long everything goes up with small dips, and then comtinue to go up, yes it is easy! 
 

But what about now? Is 10k bottom of the dip for btc? 3k ? It was expecting 100k last time I checked.

 

we know the recession and depression is just around the corner, what is your prediction the next decade to invest in? 
 

 

Talking about 1 million (yes, your heard it right).

????????????

 

They probably forgot the currency. 1 Million Thai Baht maybe.

[ThailandRyan]

1 minute ago, Hummin said:

Inform me how to know what you doing? As long everything goes up with small dips, and then comtinue to go up, yes it is easy! 
 

But what about now? Is 10k bottom of the dip for btc? 3k ? It was expecting 100k last time I checked.

 

we know the recession and depression is just around the corner, what is your prediction the next decade to invest in? 
 

 

If you have not invested in Oil, gas, or Natural gas then your behind the curve as of right now.  The last 3 months have seen an increase in each of those commodities

[RafPinto]

Just now, ThailandRyan said:

If you have not invested in Oil, gas, or Natural gas then your behind the curve as of right now.  The last 3 months have seen an increase in each of those commodities

Yes.

My Shell investment up YTD 32%

Increased my investment at 16,2£ and sits now at over 23£

[LarrySR]

BITCOIN is on sale. Buy it.

 

S&P500 is down from January -18%. Correction territory.

In December 2018 it dropped -20% and in 2020 it tanked more than -30%.

Based on historic info the 19 bear markets in the last 140 years declined 37% and averaged 289 days.

10 of the last 11 recessions in the USA came under Republican administrations. 

Unemployment is at a 50 year low 3.6%, the GDP has been astounding 6.8%, deficit slashed $350 billion in 2021. 

Next bull market begins the day after the Russian war ends, oil instantly drops, inflation numbers improve dramatically after the world wide supply chain recovers from the 2 year pandemic lockdown and catches up with demand.  

 

If you have the cash, dollar cost averaging into the market over the next 12 months would be a prudent plan.

 

 

 

 

 

 

 

Edited May 12, 2022 by LarrySR

[HappyExpat57]

53 minutes ago, spidermike007 said:

The banks are very grateful to be paying you 0.01% on your money. It is the steal of the century for those corrupt freaks.

Remember the good ol' days where you were told you could put $1000 in the bank in your teens or early 20's, leave it alone, and retire a millionaire? I was getting 6% compound interest  on a simple savings account in the late 60's. I've said it often and will say it again: corporate greed is killing us all.

[OneMoreFarang]

4 hours ago, Whale said:

a poster child of crypto influencers esp on YouTube

And I thought we can trust those experts on YouTube who are so nice to share all their wisdom. Or maybe not?

 

[Hummin]

21 minutes ago, ThailandRyan said:

If you have not invested in Oil, gas, or Natural gas then your behind the curve as of right now.  The last 3 months have seen an increase in each of those commodities

Im out of everything except a little small part pention  in gold, and the rest is in low risk funds, and property. 

Edited May 12, 2022 by Hummin

[lkn]

41 minutes ago, RafPinto said:

Bitcoin at 26,800

USD or USDT? Now 1 USDT = 0.97 USD… ????

 

42 minutes ago, RafPinto said:

And the other guy "forgot his name". An absolute BTC bull who predicted BTC at 100k $ in a few months.

That is Michael Saylor, often brought up by one of the bitcoin proponents as an oracle.

 

You can follow his position here: https://saylortracker.com/

 

[RafPinto]

2 minutes ago, lkn said:

USD or USDT? Now 1 USDT = 0.97 USD… ????

 

That is Michael Saylor, often brought up by one of the bitcoin proponents as an oracle.

 

You can follow his position here: https://saylortracker.com/

 

Exactly, Michael Taylor.

Heavily leveraged. Borrowed hundreds of millions to buy more crypto and as collateral, crypto he owned already.

If it continues going downwards like this for a few more days, margin call for him.

[RafPinto]

1 minute ago, RafPinto said:

Exactly, Michael Taylor.

Heavily leveraged. Borrowed hundreds of millions to buy more crypto and as collateral, crypto he owned already.

If it continues going downwards like this for a few more days, margin call for him.

 

[rumak]

1 hour ago, Whale said:

Total MKT cap just hit 1.15 trillion and still falling. 10% loss this morning alone. BTC just nudged 26500

that will NEVER happen to me because i follow the charts !  

 

i think i remember some people saying that ..........

[RafPinto]

Ouch

 

 

[FritsSikkink]

3 hours ago, Neeranam said:

Great time to buy when there is so much fear. 

 

I am buying. Actually bought Luna yesterday at 90c. 

So that is 80% gone.

Edited May 12, 2022 by FritsSikkink

[rumak]

43 minutes ago, HappyExpat57 said:

I've said it often and will say it again: corporate greed is killing us all.

Yes.    That and a few other very disturbing things .    But that would be a completely new thread AND would encompass hundreds of pages of the wisest posters telling us what is REALLY the truth .

I am pretty sure the fault of all the world's greed is solely on the unvaccinated

[RafPinto]

Is Elon Musk not heavy invested in Dogecoin?

Soon, can use it as toilet paper.

[rumak]

3 minutes ago, FritsSikkink said:

So that is 80% gone.

Yes,   but ............................

[John Drake]

2 hours ago, RafPinto said:

I follow a guy on youtube about BTC 555

 

He bought at 43k, big in 555

Bigger in at 40k

Even bigger in at 385k

And again at 35k

AT 33k 100USD in

At 30,5k all in

30k is the bottom, I know it, I have the charts ????

 

He leveraged his purchases.
Now not more online.

Margin call ????

Vaporized.

[lkn]

17 minutes ago, lkn said:

USD or USDT? Now 1 USDT = 0.97 USD… ????

Woah! And now 1 USDT = 0.9524 USD… this to me is by far the most interesting number to follow, as Tether is so obviously not backed by actual dollars, but the entire crypto ecosystem has been wearing blinders, and not realizing just how much of a house of cards they have built, assigning USD value to coins made out of thin air and then adding x100 leverage…

Edited May 12, 2022 by lkn

[rumak]

38 minutes ago, Hummin said:

Im out of everything except a little small part pention  in gold, and the rest is in low risk funds, and property. 

I have bought 678,000 acres of prime farmland 

[Pmbkk]

 A little reminder - you could lose everything even if the coin doesn't crash - Coinbase says anything invested with them could be lost if THEY go bankrupt - it's quite nice as your money is their money - it's like sharing where everything that is yours is theirs...

 

 

https://www.dailymail.co.uk/news/article-10807233/Coinbase-warns-customers-lose-crypto-company-goes-bankrupt.html