Crypto Crashes

[ThailandRyan]

10 minutes ago, Sparktrader said:

Us stocks 25 to 30% overvalued i said that weeks ago

That is why with it being the earnings reporting season I have been calling my puts...making coin.

Edited May 12, 2022 by ThailandRyan

[david555]

1 hour ago, ThailandRyan said:

Glad you believe it, because many of us don't and have made serious coin.  You still have the opportunity to buy the dip, but your scared I bet.

Not scared ...just not stupid enough ....????

[The Hammer2021]

9 hours ago, Mac Mickmanus said:

If and when you leave Thailand , you can still post from other Countries .

You dont have to be in Thailand to access these forums 

Yes you can even post  from Croydon!

[ThailandRyan]

11 minutes ago, david555 said:

Not scared ...just not stupid enough ....????

Then it's your loss either way.....play the game or don't, you get burned either way if you have no idea what your doing....

[Meat Pie 47]

11 hours ago, Neeranam said:

Great time to buy when there is so much fear. 

 

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

https://www.news.com.au/finance/money/wealth/cryptocurrency-billionaires-fortunes-wiped-out-in-market-crash/news-story/739b1ce15fb72e35b0d92e91d9c0e12a

[ThailandRyan]

6 minutes ago, Meat Pie 47 said:

https://www.news.com.au/finance/money/wealth/cryptocurrency-billionaires-fortunes-wiped-out-in-market-crash/news-story/739b1ce15fb72e35b0d92e91d9c0e12a

You read an article and assume all are affected...well shame on you....

[Sparktrader]

Btc $5000

Btc now $29000

 

Now bad

 

Depends when u buy

[mokwit]

7 hours ago, Neeranam said:

 

I wish I could say what I really think about the following people but I would be banned. Disgusting. 

@mokwit  @John Drake @GrandPap   @chippendale

The people promoting this suicide causing ponzi for their own enrichment are just fine though?. I know what market losses are like and feel sympathy for those sucked in taking losses, but I laugh out loud at all those people who thought they were so smart being in crypto and  posting #HFSP and saying anyone who didn't buy the BS was so stupid. That is after allowing for their likely youth and inexperience.

 

Here is what I posted elsewhere that clarifies my position:

"I have zero sympathy for those 'oh so smart' people who tweeted #HFSP and every sympathy for those that didn't. There will be suicides. @saylor @APompliano @tyler @cameron @RaoulGMI are probably going to find this new trend of the aggrieved picketing a residence uncomfortable".

 

 

 

 

Edited May 12, 2022 by mokwit

[dj230]

20 hours ago, Neeranam said:

Great time to buy when there is so much fear. 

 

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

So much for a store of value, it's down 99% today, so you've lost near 99% of your investment. 

 

 

 

 

Edited May 12, 2022 by dj230

[Gecko123]

2 hours ago, mokwit said:

The people promoting this suicide causing Ponzi for their own enrichment are just fine though?

Exactly this.

[mokwit]

4 minutes ago, Gecko123 said:

Exactly this.

This is not Do Kwon's first collapsed crypto - he had one before and then did it again with Luna - but he is just fine, a swell guy.

[Scott]

Off-topic post reported and removed.

 

[Neeranam]

4 hours ago, dj230 said:

So much for a store of value, it's down 99% today, so you've lost near 99% of your investment. 

 

 

 

 

I guess you haven't been watching the news ????

[ThailandRyan]

3 minutes ago, Neeranam said:

I guess you haven't been watching the news ????

Markets trying to claw its way back up. MATIC looks to have made some additions which will increase its value as well.

[Neeranam]

I started a popular thread in Jan 2020, when BTC was $30.5k. Today, after one of the biggest crashes, if not THE biggest crash in crypto history, BTC stands at $30.5k.

 

As usual, there are lots of FUDers and haters come into this thread as they are bitter, they are even happy despite this crash causing some inexperienced to commit suicide - ????

 

There is a saying in crypto -  HODL. 

It is all to to with time in the market.

 

Even those who bought at the high of 2017($19k) faired winners by waiting 2 years, and could have sold at $69k. 

 

If you don't like volatility or are an unwilling dinosaur go buy stock and get 10% on your money. Talking of which, Buffet has double down on his 'crypto bank' investment.

Alternatively, if you are a boring trader, buy gold. Actually, gold is down since I started that topic

 

 

Edited May 13, 2022 by Neeranam

[Neeranam]

^^^

 

@jollyhangmon and @mokwit

 

What exactly are you confused and sad about above. 

 

This is an open forum, where questions are allowed

 

It has been written quite simply. 

[mokwit]

4 minutes ago, Neeranam said:

^^^

 

@jollyhangmon and @mokwit

 

What exactly are you confused and sad about above. 

 

This is an open forum, where questions are allowed

 

It has been written quite simply. 

I was sad because with you hubris and confidence you come across as such a newbie trader - let me guess, you have never trade an asset other than crypto before.

Edited May 13, 2022 by mokwit

[Neeranam]

1 hour ago, mokwit said:

I was sad because with you hubris and confidence you come across as such a newbie trader - let me guess, you have never trade an asset other than crypto before.

Well I've put you right now. 

I thought you disagreed with something I said! 

 

I have traded other assets with Maybank and eToro. I don't know, as I know little about them.  

[Neeranam]

@mokwit

 

When did you first hear about Bitcoin and do you own any?

[Hummin]

3 hours ago, Neeranam said:

I guess you haven't been watching the news ????

Just a dip up before continue faling. Marked being shaked off inexperienced investors now. 
 

It is understandable you guys want to hype up the marked as much as possible, but it really dont make you guys look any smarter by caing out people being stupid, or chicken for not investing in crypto.

 

It is a dodgy investment, and unethical investment. But each and one for itself. I only see people who have used the same arguments as you guys do, and it is when someone defending a pyramid scheme they know one day will collapse if people start loosing the interest, and also the legal aspects of it, being hindered by officials. 
 

For normal long term investors who seeking safe investments, crypto is not their type of investment. 
 

Dooming, praying and hope for fiat money to collapse as many of you guys advocate for, doesnt make it any better. Crypto currency’s can actually be the one of the reasons why fiat eventually collapses. Something to think about, right? Do you guys really want caos, and are you guys hoping for caos? 

[Neeranam]

7 minutes ago, Hummin said:

It is a dodgy investment, and unethical investment.

How is it unethical?

 

[Excel]

1 minute ago, Neeranam said:

How is it unethical?

 

Because the use of crypto is a very well known and well proven method for money laundering and fraudulent activities, proven in many instances.

[Hummin]

2 minutes ago, Neeranam said:

How is it unethical?

 

I'm positive we have been through this before in another thread, so how to explain unethical? 

 

I mentioned one in my post or maybe two reasons? 

[ThailandRyan]

1 minute ago, Excel said:

Because the use of crypto is a very well known and well proven method for money laundering and fraudulent activities, proven in many instances.

Same with the pump and dump stock schemes before or those investing in shell corporations to hide the ill gotten gains, but then there is always the flip side where Stocks are good investments and so can crypto be.  Diversification is best at the end of the day.  

 

Are you trying to say that Mark Cuban, Warren Buffet and others who have either bought into crypto or companies that support cryptos are laundering their money from fraudulent activities, just a different view than yours is all.

[Excel]

1 minute ago, ThailandRyan said:

Same with the pump and dump stock schemes before or those investing in shell corporations to hide the ill gotten gains, but then there is always the flip side where Stocks are good investments and so can crypto be.  Diversification is best at the end of the day.  

 

Are you trying to say that Mark Cuban, Warren Buffet and others who have either bought into crypto or companies that support cryptos are laundering their money from fraudulent activities, just a different view than yours is all.

Google the Crypto King and watch it.  As for those billionaires you mention I hold no stock or admiration for them or their types at all. Buying and selling shares or stock is just another form of gambling, some win big whist others loose big.

[Neeranam]

47 minutes ago, Hummin said:

Just a dip up before continue faling. Marked being shaked off inexperienced investors now.

When did you first hear about Bitcoin and do you own any?

[Neeranam]

37 minutes ago, Excel said:

Because the use of crypto is a very well known and well proven method for money laundering and fraudulent activities, proven in many instances.

You are joking I hope, otherwise you look very foolish.

[mokwit]

7 minutes ago, Neeranam said:

You are joking I hope, otherwise you look very foolish.

So what is it for then? What is it's use, what is it's function.

Edited May 13, 2022 by mokwit

[ThailandRyan]

7 minutes ago, mokwit said:

So what is it for then?

Smart contracts and many other things

https://www.linkedin.com/pulse/fact-vs-fiction-what-crypto-really-used-clayton-moore

Debunking Crypto Myths: Illegal Activity 

Between crypto myths of money laundering to tax evasion, cryptocurrency is having a hard time shaking its bad reputation. Let’s take a moment to dive into some of these common myths that we often see on our newsfeeds. So, next time your Aunt Susan brings up how sketchy crypto is, you’ll have some material to fire back with! 

• Money Laundering and Tax Evasion – Some argue that cryptocurrency is a great tool for those looking to commit tax evasion. This is because of more lax reporting regulations. But is that cryptocurrency’s fault? Hell no. Governments just haven’t caught up yet because they’re too focused on digging up propaganda about crypto. As well, this is hardly a crypto-specific problem. When the system is designed to help the rich slide by, they’re going to abuse it. It’s a no-brainer. If you’re looking for your missing tax dollars, maybe turn your attention to big corps like Amazon. 
• Drug Use – It’s a common idea that drug lords and dealers are tapping into cryptocurrency to conduct their transactions. The reality is that most drug dealers sell to people they know. Whether or not cryptocurrency is in the equation doesn’t matter. The war on drugs was a massive failure to begin with. Let’s not migrate to the war on cryptocurrency. 
• Terrorism – There are also concerns that crypto is being used to fund terrorists and extremist groups. While this might have happened in the past, the dark web has always been there. These holes in our financial systems have always been there. Cryptocurrency is just highlighting these gaps, leading government leaders and regulators to ultimately address them. As law enforcement begins to learn a thing or two about cryptocurrency, criminals will find that their actions are very easily tracked on the blockchain. Just because there are no names involved, doesn’t mean it’s impossible to trace. The Department of Justice even admitted that crypto transactions make it way easier for them to follow the money. Criminals are practically doing them a favour! 

 

And is there more illegal activity happening with crypto over cash? Definitely not. Chainalysis proved the opposite. In their report, they stated cryptocurrency-related crime fell significantly in 2020. Even more interesting, Chainalysis reported that scams are the most common crypto crime. Scams accounted for 54% of illicit activity in 2019. Not terrorism, drugs, or money laundering. After all, you can’t believe every headline you read. 

What is Crypto Really Being Used For? 

Well, you can use cryptocurrency to donate to your favorite charity. Just look at Fidelity Charitable. They took in nearly $30 million in crypto donations in 2020. Overall, two-thirds of their donations were non-cash assets. 

Fear, Uncertainty, and Doubt: the Fuel for Crypto Myths

Cryptocurrency is over 12 years old. Even though it’s no longer a novel technology, it doesn’t mean that people aren’t still warming up to it. 

Do you remember when computers were starting to get popular? People freaked out about the damage they could cause. Flashback to the Y2K hysteria. In 1999, people were convinced that computers would cause the collapse of the global economy. Why? Because they wouldn’t be able to properly format dates anymore. 

In hindsight, that’s totally ridiculous. But isn’t the current anti-crypto hysteria just as ridiculous? 10 years from now, a lot of people are going to look back and feel really dumb. Crypto is here to stay and the sooner you can realize that, the better. 

 

https://www.forbes.com/advisor/investing/cryptocurrency/what-is-cryptocurrency/

You can use crypto to buy regular goods and services, although most people invest in cryptocurrencies as they would in other assets, like stocks or precious metals. While cryptocurrency is a novel and exciting asset class, purchasing it can be risky as you must take on a fair amount of research to fully understand how each system works.

Edited May 13, 2022 by ThailandRyan

[ozimoron]

6 minutes ago, ThailandRyan said:

Smart contracts and many other things

https://www.linkedin.com/pulse/fact-vs-fiction-what-crypto-really-used-clayton-moore

Debunking Crypto Myths: Illegal Activity 

Between crypto myths of money laundering to tax evasion, cryptocurrency is having a hard time shaking its bad reputation. Let’s take a moment to dive into some of these common myths that we often see on our newsfeeds. So, next time your Aunt Susan brings up how sketchy crypto is, you’ll have some material to fire back with! 

• Money Laundering and Tax Evasion – Some argue that cryptocurrency is a great tool for those looking to commit tax evasion. This is because of more lax reporting regulations. But is that cryptocurrency’s fault? Hell no. Governments just haven’t caught up yet because they’re too focused on digging up propaganda about crypto. As well, this is hardly a crypto-specific problem. When the system is designed to help the rich slide by, they’re going to abuse it. It’s a no-brainer. If you’re looking for your missing tax dollars, maybe turn your attention to big corps like Amazon. 
• Drug Use – It’s a common idea that drug lords and dealers are tapping into cryptocurrency to conduct their transactions. The reality is that most drug dealers sell to people they know. Whether or not cryptocurrency is in the equation doesn’t matter. The war on drugs was a massive failure to begin with. Let’s not migrate to the war on cryptocurrency. 
• Terrorism – There are also concerns that crypto is being used to fund terrorists and extremist groups. While this might have happened in the past, the dark web has always been there. These holes in our financial systems have always been there. Cryptocurrency is just highlighting these gaps, leading government leaders and regulators to ultimately address them. As law enforcement begins to learn a thing or two about cryptocurrency, criminals will find that their actions are very easily tracked on the blockchain. Just because there are no names involved, doesn’t mean it’s impossible to trace. The Department of Justice even admitted that crypto transactions make it way easier for them to follow the money. Criminals are practically doing them a favour! 

 

And is there more illegal activity happening with crypto over cash? Definitely not. Chainalysis proved the opposite. In their report, they stated cryptocurrency-related crime fell significantly in 2020. Even more interesting, Chainalysis reported that scams are the most common crypto crime. Scams accounted for 54% of illicit activity in 2019. Not terrorism, drugs, or money laundering. After all, you can’t believe every headline you read. 

What is Crypto Really Being Used For? 

Well, you can use cryptocurrency to donate to your favorite charity. Just look at Fidelity Charitable. They took in nearly $30 million in crypto donations in 2020. Overall, two-thirds of their donations were non-cash assets. 

Fear, Uncertainty, and Doubt: the Fuel for Crypto Myths

Cryptocurrency is over 12 years old. Even though it’s no longer a novel technology, it doesn’t mean that people aren’t still warming up to it. 

Do you remember when computers were starting to get popular? People freaked out about the damage they could cause. Flashback to the Y2K hysteria. In 1999, people were convinced that computers would cause the collapse of the global economy. Why? Because they wouldn’t be able to properly format dates anymore. 

In hindsight, that’s totally ridiculous. But isn’t the current anti-crypto hysteria just as ridiculous? 10 years from now, a lot of people are going to look back and feel really dumb. Crypto is here to stay and the sooner you can realize that, the better. 

 

https://www.forbes.com/advisor/investing/cryptocurrency/what-is-cryptocurrency/

You can use crypto to buy regular goods and services, although most people invest in cryptocurrencies as they would in other assets, like stocks or precious metals. While cryptocurrency is a novel and exciting asset class, purchasing it can be risky as you must take on a fair amount of research to fully understand how each system works.

Far more drug money and laundering uses fiat currencies than crypto.

Edited May 13, 2022 by ozimoron