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Is it time to killself? LIterally lost everything due to crypto (DTP)
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Date: December 7th, 2018 12:04 PM Author: confused 180 idea he suggested (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37367222) |
Date: December 7th, 2018 12:06 PM Author: Green well-lubricated theater (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37367226) |
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Date: December 7th, 2018 12:12 PM Author: Stirring Stubborn Giraffe School how much did you lose (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37367242) |
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Date: December 7th, 2018 12:13 PM Author: motley legal warrant (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37367248) |
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Date: December 7th, 2018 12:13 PM Author: Silver hall I'm working a plan to do this but it looks like we may be at the bottom which is giving me pause (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37367252) |
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Date: December 7th, 2018 12:14 PM Author: bull headed fanboi trailer park no. this despair mirrors what speculators went through in '14, when the arguments for crypto's demise were MUCH stronger given that the entire market tanked b/c of one fraudlies exchange that got hacked. (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37367255) |
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Date: December 7th, 2018 12:19 PM Author: Stirring Stubborn Giraffe School so you're saying i should buy $100,000 worth of ethereum? (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37367278) |
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Date: December 7th, 2018 12:20 PM Author: bull headed fanboi trailer park if you have like $1m in liquid net worth and are OK with seeing that $100K potentially go to 0, sure.
think of crypto as a lotto ticket. psychologically, whatever you put into it should be viewed as a total loss, which is something i've been consistent about from the beginning. the volatility is insane and most people cannot handle it rationally. |
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Date: December 7th, 2018 12:21 PM Author: confused 180 idea he suggested the last crash was due to classic FUD and the inability of mainstream capital to get in. that's recoverable
today we crash because everyone got in, got out when they realized this shit is totally worthless. that's not recoverable. |
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Date: December 7th, 2018 12:22 PM Author: Silver hall not even close to everyone got in (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37367298) |
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Date: December 7th, 2018 12:23 PM Author: confused 180 idea he suggested obviously not "everyone"
but "everyone" from the degenerate risk-seeking mouth-drooling retard group who would ever touch crypto w/ a 10 ft pole got in |
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Date: December 7th, 2018 12:24 PM Author: Silver hall there's no evidence for any of your propositions here (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37367313) |
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Date: December 7th, 2018 12:25 PM Author: bull headed fanboi trailer park the last bubble and crash was literally due to fraud and insolvency in the biggest exchange. bitcoin was toxic at that point, volume had dried up, and many (like paul krugman) gloated about how bitcoin was failing like they had predicted. it wasn't "fud"--the market manipulation, fraud, illegal stuff was even bigger back then as most bitcoin holders were using it to buy and sell drugs. if crypto was going to die, it would've been then. the fact that it didn't has given me much more confidence in crypto as a lasting asset. (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37367314) |
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Date: December 7th, 2018 12:30 PM Author: confused 180 idea he suggested mt gox was a joke exchange. who cares if it was hacked when, at the same time, real exchanges like coinbase were already on their way? that's weak FUD
today, we have 700 billion dollars wiped out because fucking ethereum and its parasitic subsidiaries made promises of the moon and delivered piss squat. bitcoin, meanwhile, finally hit its wall of NO INSTITUTIONAL INVESTORS. that's strong FUD. and even if bitcoin comes "back" and becomes a more stable investment asset, who cares? no moon
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Date: December 7th, 2018 3:03 PM Author: Ebony Electric Home Queen Of The Night crrrrrr (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37368254) |
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Date: December 7th, 2018 2:57 PM Author: ungodly brunch Inclined to believe this. The biggest players finally took a serious look and saw that public blockchains are shit (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37368221) |
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Date: December 7th, 2018 3:19 PM Author: confused 180 idea he suggested exactly. last market crash, it was some Magic the Gathering trading card exchange that got crashed, and a bunch of pimply nerds and drug dealers and chinese money launderers who lost money. the numbers were much smaller, the volume minimal.
today we have novogratz losing $150million for his wall street friends. we have billionaire VCs who possess stupid and wrong theses about how fundamental value accrues in this space (and losing big-time for it). we have billions of dollars worth of nonsense companies perched upon the ecosystem continuously draining it of fiat. we have CNBC blasting this stuff non-stop, with orders of magnitude more normies who've lost their shirts with this being the first time they've had access to it via "regulated" exchanges like coinbase. it's LOL all around |
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Date: December 7th, 2018 12:29 PM Author: Hairraiser Dilemma The argument that crypto is stupid with grossly inflated prices (even now) relative to intrinsic valuation hasn’t changed. (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37367340) |
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Date: December 7th, 2018 12:39 PM Author: Flirting swashbuckling yarmulke rehab I disagree. The argument for crypto's demise now is much stronger. Crypto back then was something exotic that a few people did or could do. Today is different. It has been democratized. Anyone can get on their smartphone and buy some bitcoin on coinbase pretty quickly if they want to. The barrier to entry is much lower. The dumb money is all in. Sure there is some peasant in India that is about to finally get a low end Xiaomi smartphone that hasn't bought yet. But he is too poor to buy anyway. Any retail investor that could "invest" has invested. And smart money knows this is all a scam so they aren't going to invest. This jig is up imho. (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37367386) |
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Date: December 7th, 2018 12:40 PM Author: confused 180 idea he suggested Exactly (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37367388) |
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Date: December 7th, 2018 12:41 PM Author: Silver hall this is entirely speculation, none of which is true (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37367392) |
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Date: December 7th, 2018 12:43 PM Author: confused 180 idea he suggested Lol Wilbur you delusional fool (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37367404) |
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Date: December 7th, 2018 12:44 PM Author: Silver hall "everybody on 4chan bought a couple of bitcoins and had a bad experience; doubt there will ever be enthusiasm again for this 'world computer' thing" (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37367413) |
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Date: December 7th, 2018 12:45 PM Author: confused 180 idea he suggested Your world computer thing is actually q piece of shit
"Sentiment" is not going to turn and save you from what is actually a load of turd |
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Date: December 7th, 2018 3:01 PM Author: Silver hall You are the one basing your argument on sentiment, not me (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37368238) |
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Date: December 7th, 2018 3:14 PM Author: confused 180 idea he suggested i thought we had gotten past the point of arguing based on fundamentals, since it's unversally regarded that the fundamentals of ethereum et al is total shit (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37368324) |
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Date: December 7th, 2018 3:16 PM Author: Silver hall I'm arguing based on the technology (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37368332) |
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Date: December 7th, 2018 3:24 PM Author: confused 180 idea he suggested i thought we had gotten past the point of arguing based on technology, since it's unversally regarded that the technology of ethereum et al is total shit (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37368390) |
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Date: December 7th, 2018 3:29 PM Author: Silver hall maybe in whatever universe you come from bro (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37368416) |
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Date: December 7th, 2018 12:59 PM Author: bull headed fanboi trailer park "smart money knows this is all a scam so they aren't going to invest"
fake news |
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Date: December 7th, 2018 1:04 PM Author: Hairraiser Dilemma Lolololol. Don’t worry highly sophisticated funds are lining up to buy coins any day now. To the extent blockchain has specific use cases (eg for banks), the value can be captured via permissioned chains that don’t involve buying idiots’ “coins” at a 100x markup.
99.9999% of projects are retarded solutions in search of a problem |
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Date: December 7th, 2018 3:00 PM Author: ungodly brunch best case in my mind is big players realize just how manipulable and pumpable it is and get in anyway just to scam the dumb money. People aren't going to ignore low prices on the most volatile, liquid asset class in history, there's too much to gain (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37368230) |
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Date: December 7th, 2018 3:02 PM Author: confused 180 idea he suggested protip:: the individuals that make up these institutions have already done this via their own private investments in the last bull run.
institutions themselves cannot officially do this
the "smart money" have already gotten in, gotten out, and you're left holding the bags |
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Date: December 7th, 2018 3:03 PM Author: Silver hall if they "got out," there's nothing stopping them from getting back in now and quadrupling their money again. (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37368253) |
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Date: December 7th, 2018 3:04 PM Author: ungodly brunch (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37368257) |
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Date: December 7th, 2018 3:04 PM Author: confused 180 idea he suggested except the knowledge that it's already hit a critical mass of normies and this bubble won't repeat again?
how dumb are you? |
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Date: December 7th, 2018 3:06 PM Author: ungodly brunch No one said it'll pump again overnight. Halvening in 2020 will be the catalyst for dumb money to come back in, and enough of them will have forgotten how rekt they were by then (plus there is still so much more dumb money out there) (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37368274) |
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Date: December 7th, 2018 3:09 PM Author: confused 180 idea he suggested it might, or it might not.
much more likely, we're in a global recession and crypto is done for good (your zcoins are 0) |
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Date: December 7th, 2018 3:10 PM Author: ungodly brunch Certainly depends on there not being global financial carnage true (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37368301) |
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Date: December 7th, 2018 3:09 PM Author: Silver hall This is a theory you've repeated several times for which you have provided no evidence and which still makes no sense. Let's assume (wrongly) that most people bought bitcoin in the last two years and lost money.
Your theory then relies on the idiotic proposition that a person who was dumb enough to panic buy Y coins at X price and lose (Y)(X/2) before selling is now suddenly smart enough to see the price of coins go from X/10 to X/5 and not panic buy again
Your theory further ignores the fact that this pattern actually has happened again, and again, and again. But for some reason this time is actually different |
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Date: December 7th, 2018 3:12 PM Author: confused 180 idea he suggested i think the burden of proof is on you, not me
to get another bull run on par with the last bull run, bitcoin would need a market cap literally on par with gold.
i just don't see that happening simply on the thesis you're posting that another horde of dumb money are going to come to buy worthless coins for no reason other than to have another ponzi spree bonanza.
i know how tempting it is to think that it's for sure going to happen, because it's happened 3 times before. but that's no guarantee at all when you look at the fundamentals of the space |
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Date: December 7th, 2018 3:15 PM Author: Silver hall there's no need for a bull run on par with the last bull run for people who have been buying the blood (which is what you are supposed to do). Or for people who pumped, dumped, and might feel like making some easy money by pumping again
I am not guaranteeing anything. I am just pointing to history on one end and then the future capabilities on the other end and saying this will probably not go to zero, as you are insisting. A lot of very smart people are working on making the capabilities a reality, and you are like the bald Berkshire Hathaway boomer in the video squealing "but it's not real!!" |
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Date: December 7th, 2018 3:08 PM Author: Aqua doobsian boltzmann church Lmao @DTP conjecturing on anything to do with “smart money” (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37368283) |
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Date: December 7th, 2018 3:07 PM Author: Hairraiser Dilemma how is this the most liquid asset class in history? are you not familiar with us capital markets? how can it be pumpable and liquid at the same time?
there won’t be enough money for anyone worth a damn to remain interested. |
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Date: December 7th, 2018 3:08 PM Author: ungodly brunch (guy who's never heard of RAIN coin) can't get any more liquid than water bro (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37368285) |
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Date: December 7th, 2018 3:09 PM Author: Hairraiser Dilemma lol fair (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37368296) |
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Date: December 7th, 2018 3:35 PM Author: copper jew tanning salon (http://www.autoadmit.com/thread.php?thread_id=4151175&forum_id=2#37368456) |