[Finance] The cryptocurrency (Bitcoin etc) thread

[pb21]

if we are seeing Wyckoff playing through, looks like we just tapped line from earlier lows, move to the next phase and up. yep everyone in crypto now a Wyckoff expert having never heard of it until last month

Some positive indicators in on chain analysis that the price may start to increase (similar to 2020 Q4, according to Willy Woo), which would align with the Wyckoff accumulation phase.

Of course we could just be in a lower distribution phase and it could head south to $15k...

 

[pb21]

Only for as long as the Tether scam is allowed to keep frantically doggie paddling in a doomed attempt to keep its head above water. When it finally sinks it takes the Good Ship Crypto down with it. Oh well

https://youtu.be/SsmurH57WOU

 

[Tom Hark Preston Park]

https://youtu.be/SsmurH57WOU

You only need to watch til about a minute in. Right up to the point where it says "1 USDT = $1 (until it doesn't")

It doesn't.

Head over to the very excellent r/buttcoin for news of the new insurance that can now be taken out against Tether becoming unpegged against the $. That insurance has the full backing of Tether. And guess what? In the event that Tether becomes unpegged against the $, you can only get paid out on that insurance in (wait for it) another crypto. You can't get paid out in $.

Utterly shameful in its audacity. Shades of the 2008 financial crash and its mortgage-backed mickey mouse financial instruments.

End Days are coming for crypto

 

[pb21]

You only need to watch til about a minute in. Right up to the point where it says "1 USDT = $1 (until it doesn't")

It doesn't.

Head over to the very excellent r/buttcoin for news of the new insurance that can now be taken out against Tether becoming unpegged against the $. That insurance has the full backing of Tether. And guess what? In the event that Tether becomes unpegged against the $, you can only get paid out on that insurance in (wait for it) another crypto. You can't get paid out in $.

Utterly shameful in its audacity. Shades of the 2008 financial crash and its mortgage-backed mickey mouse financial instruments.

End Days are coming for crypto

View attachment 138243

Did you watch the whole video?

 

[Tom Hark Preston Park]

Did you watch the whole video?

Life's too short

 

[pb21]

Life's too short

Long enough for you to follow r/buttcoin though and take the time to post on here

 

[Tom Hark Preston Park]

Long enough for you to follow r/buttcoin though and take the time to post on here

For sure. Thank me later. Assuming you manage to cash out your magic internet beans in time

 

[Tyrone Biggums]

if we are seeing Wyckoff playing through, looks like we just tapped line from earlier lows, move to the next phase and up. yep everyone in crypto now a Wyckoff expert having never heard of it until last month

You're pretty much spot on.

Until this video was posted nobody was even talking about it.



Guy went from a few subscribers to 160k+

 

[pb21]

For sure. Thank me later. Assuming you manage to cash out your magic internet beans in time

I find skepticism always useful, so am skeptical of the crypto sphere myself.

What I find interesting is why there is such an anticrypto group mentality/cult that exists, similar, but obviously opposite, to the crypto moonbois.

The time people spend following r/buttcoin and then spreading that 'information' around, I find strange.

 

[Tom Hark Preston Park]

I find skepticism always useful, so am skeptical of the crypto sphere myself.

What I find interesting is why there is such an anticrypto group mentality/cult that exists, similar, but obviously opposite, to the crypto moonbois.

The time people spend following r/buttcoin and then spreading that 'information' around, I find strange.

Strange why? No idea what age you are, but I'm guessing maybe not old enough to be fully invested in that dot.com bubble. Different times, same BS bubble based on little but BS. Much as you crypto bois might like to make this thread a closed crypto circle jerk, that's just not going to happen. There is no easy money to be made right here right now, it's just tempting shoeshine boys to invest money they can ill afford to lose. Will continue to Kick Against The Pricks until the NSC mods tell me otherwise. Meh, basically

 

[pb21]

Strange why? No idea what age you are, but I'm guessing maybe not old enough to be fully invested in that dot.com bubble. Different times, same BS bubble based on little but BS. Much as you crypto bois might like to make this thread a closed crypto circle jerk, that's just not going to happen. There is no easy money to be made right here right now, it's just tempting shoeshine boys to invest money they can ill afford to lose. Will continue to Kick Against The Pricks until the NSC mods tell me otherwise. Meh, basically

I don't think anyone wants a "closed crypto circle jerk", skepticism is healthy, as long as it is reasonable and considered.

 

[Tom Hark Preston Park]

I don't think anyone wants a "closed crypto circle jerk", skepticism is healthy, as long as it is reasonable and considered.

Agreed

 

[KeegansHairPiece]

I don't think anyone wants a "closed crypto circle jerk", skepticism is healthy, as long as it is reasonable and considered.

Completely agree. [MENTION=205]Tom Hark, Preston Park[/MENTION] keep up the skepticism, this thread does occasionally veer into ‘you cannot lose in the long run’ territory….fomo is a huge driver even more so in a fully social media engaged world.

 

[Machiavelli]

I find skepticism always useful, so am skeptical of the crypto sphere myself.

What I find interesting is why there is such an anticrypto group mentality/cult that exists, similar, but obviously opposite, to the crypto moonbois.

The time people spend following r/buttcoin and then spreading that 'information' around, I find strange.

If I had money to invest, I wouldn't invest it in crypto, but I'm probably an anti-crypto (in your terminology) at what we might call the ideological level, for the kind of reasons expressed here:

https://www.theguardian.com/comment...ptocurrencies-financial-system-digital-future

 

[wealdgull]

If I had money to invest, I wouldn't invest it in crypto, but I'm probably an anti-crypto (in your terminology) at what we might call the ideological level, for the kind of reasons expressed here:

https://www.theguardian.com/comment...ptocurrencies-financial-system-digital-future

That's an impressively terrible article.

 

[Wardy's twin]

Well i appear to be doing really well - I have $89k in one account which is a great return on my investment of $0... Got two other accounts that I did not know about either which are showing big returns.

 

[CheeseRolls]

If I had money to invest, I wouldn't invest it in crypto, but I'm probably an anti-crypto (in your terminology) at what we might call the ideological level, for the kind of reasons expressed here:

https://www.theguardian.com/comment...ptocurrencies-financial-system-digital-future

That is a bit like saying you are Anti-TV because of the GB News Agenda. The technology is separate from the political agenda of libertarianism, which I certainly don't support. In fact there is a good case for arguing that crypto, can be a powerful force against corruption around the world, for the good of soceity. The technology doesn't have a political agenda, some of the people who design and use it do. They come from all walks of life and certainly do not solely represent a narrow political spectrum.

 

[Tom Hark Preston Park]

Well i appear to be doing really well - I have $89k in one account which is a great return on my investment of $0... Got two other accounts that I did not know about either which are showing big returns.

You'll be a bit disappointed if you don't cash out a big chunk of that into real money. Or at least try to. Just so you know for peace of mind that the mechanism actually functions like you'd assume it would do in a financially regulated world. Oh. Good luck anyways

 

[Tyrone Biggums]

If I had money to invest, I wouldn't invest it in crypto, but I'm probably an anti-crypto (in your terminology) at what we might call the ideological level, for the kind of reasons expressed here:

https://www.theguardian.com/comment...ptocurrencies-financial-system-digital-future

"Quinn Slobodian is a historian of modern German and international history with a focus on North-South politics."

Sounds like the kind of expertise you need to be writing on crypto.

 

[Dick Swiveller]

New company for you to put your monopoly money with.
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