Where your hard-earned money comes to die. Home.
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Real Talk, 100% Not Flame/No Bullshit: This market isn't coming back, bros.
Poast new message in this thread
Date: February 1st, 2018 8:20 PM Author: mauve abusive karate You guys all need to get out ASAP. It's going down to like a 50-100 billion market cap again, and it's going to stay down for years (if not permanently). 90% of the current "altcoins" will straight up just disappear by EOY 2018. (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35299795) |
Date: February 1st, 2018 8:20 PM Author: Flickering Principal's Office Therapy reasoning? (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35299801) |
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Date: February 1st, 2018 8:25 PM Author: mauve abusive karate The underlying tech might be valuable, but it's still years away from being seriously commercial viable on a real scale. It's impossible to predict with real accuracy what companies will drive adoption and be the Facebook--as opposed to MySpace--by the time that happens. And in any event, in its current form this "asset class" is just waaaay too full of bullshit--ponzi schemes, scammers, shady assholes, fraudsters, foreign scam artists, whales, etc.--to attract institutional capital on a widespread scale. In addition, now that the public has increasingly become away of that fact, and also seen all of the scare stories about "the bubble popping," relatively few individuals who aren't already in will want to invest. And if/when this market actually does gets cleaned up to a point where its savory to institutional investors and sane individuals, it will be due to regulation that will also even it out and prevent it from bouncing back in the "LAMBOS TO THE MOON" form in which it has existed in the last year or two.
If you got in early and made smart choices in 2016/2017, congratulations--you were in the right place at the right time. But any idiots throwing money in now to try to recapture the magic, or any idiots who aren't getting out while they still can, are going to be in for a very rude awakening soon. If you can't see the writing on the wall, it's because you're too emotionally invested. |
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Date: February 1st, 2018 8:26 PM Author: Flickering Principal's Office Therapy when moon (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35299855) |
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Date: February 1st, 2018 8:27 PM Author: mauve abusive karate Enjoy your paper millionaire status now, brother. I like you but I have a feeling you're going to walk out of this a lot poorer than you think you are right now. (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35299868) |
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Date: February 1st, 2018 8:28 PM Author: Flickering Principal's Office Therapy already lost the paper millionaire status. i agree with you that this shit is gonna burn eventually, but not convinced yet that this is the end...we'll see (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35299891) |
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Date: February 1st, 2018 8:22 PM Author: emerald locale Last sentence is correct (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35299816) |
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Date: February 1st, 2018 10:25 PM Author: Flesh Faggotry House (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300954) |
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Date: February 1st, 2018 8:23 PM Author: Internet-worthy lodge i agree that it will play out much like the bursting of the internet bubble did. but they’re not all going away and some will emerge as big winners imo, just as it happened back then. of course, prices can go much lower before that comes to fruition. (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35299822) |
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Date: February 1st, 2018 8:27 PM Author: soul-stirring death wish What if we just convert all shit coins to ETH and hodl? (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35299872) |
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Date: February 1st, 2018 8:28 PM Author: mauve abusive karate ETH will probably survive, but it won't be pretty for a long time. Not sure the opportunity cost and/or upside is really worth it given the risk (i.e., if the market goes down like I'm predicting, ETH is also going to get absolutely shit on). (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35299890) |
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Date: February 1st, 2018 8:29 PM Author: talented lake cruise ship haunted graveyard You will lose 80% instead of 90-100% (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35299896) |
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Date: February 1st, 2018 8:29 PM Author: mauve abusive karate CR. And maybe when/if it does eventually "bounce back" (in 2021 or whatever) you'll only have lost 60% of your initial outlay from years before. Congratulations. HODL! (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35299907) |
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Date: February 1st, 2018 8:31 PM Author: Hideous fragrant personal credit line (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35299933) |
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Date: February 1st, 2018 8:46 PM Author: appetizing ungodly gaming laptop Ljl ETH is a shitcoin brother (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300086) |
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Date: February 1st, 2018 8:51 PM Author: mauve abusive karate They're all shitcoins. (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300122) |
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Date: February 1st, 2018 8:31 PM Author: razzle awkward box office digit ratio You're overstating this. People have literally been leaving the big banks to start crypto funds and blockchain projects. I agree most shitcoins are horrible, but it's a green field for real companies. Whether one of these altcoins gets the business or companies play it safe and go with the IBM "blockchain," I don't know. But don't be a chicken little. That's almost as myopic as the people who thought the run in December was sustainable. (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35299935) |
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Date: February 1st, 2018 8:33 PM Author: mauve abusive karate Well the beauty of this thread is that like the almighty BLOCKCHAIN, it is PUBLIC. So I guess we can bump it in the months and years to come and see who is correct.
To be clear, I don't think it's crazy to have like a thousand or two in cryptos. Spend a hundred or two hundred dollars a year on lottery tickets while you're at it, if it makes you happy and gives you hope. But XOers with tens or even hundreds of thousands of fiat dollars wrapped up in this "asset class" at this point (yes even in BTC or ETH or LTC) are standing on the precipice of a very steep cliff, and they don't seem to realize it. It's very sad to watch lemmings throw themselves over the edge. |
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Date: February 1st, 2018 8:41 PM Author: razzle awkward box office digit ratio A lot of very rationale, very successful people have risked their number 1 asset (their jobs) to join the space. A lot of people with a lot of money will be putting more into the good projects over the coming months and years. I was very negative on Bitcoin's utility and even ETH's valuation, but there are some big forces at work in industry that are pushing them to implement blockchain ASAP. Again, those could be private providers, but I can't invest in those. (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300034) |
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Date: February 1st, 2018 8:47 PM Author: 180 Ape Idiot U are mixing up blockchain the technology with investigambling in crypto currency (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300093) |
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Date: February 1st, 2018 8:48 PM Author: razzle awkward box office digit ratio I hold no cryptocurrencies. I hold tokens for blockchain platforms (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300100) |
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Date: February 1st, 2018 8:49 PM Author: mauve abusive karate lol (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300106) |
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Date: February 1st, 2018 8:50 PM Author: 180 Ape Idiot Lol (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300113) |
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Date: February 1st, 2018 8:32 PM Author: 180 Ape Idiot Making 10-100x gains like everyone here has done over the past 6-18 months is really, really hard. We are all super lucky and should recognize this.
Now you have to think clearly, rationally about how hard it is to get those gains, and decide for yourself whether the likelihood of it happening again (versus more “realistic” normal gains) is worth the massive massive risk of crypto investigambling
ALSO REALIZE THAT THE FUCKING TETHER PRONTER IS NO LONGER PRINTING HUNDREDS OF MILLIONS OF FAKE TETHERS TO BAIL OUT THE MARKET |
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Date: February 1st, 2018 8:34 PM Author: soul-stirring death wish I guess at this point it's mainly "house money" LJL
I should prob cash out partial though |
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Date: February 1st, 2018 8:35 PM Author: mauve abusive karate LOL did tether finally stop printing? Link?
Oh man this is going to be brutal. |
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Date: February 1st, 2018 8:36 PM Author: soul-stirring death wish If true, then we are fucked (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35299992) |
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Date: February 1st, 2018 8:44 PM Author: mauve abusive karate All of the tether shit is almost certainly true, and when that shit *really* hits the fan--which will inevitably happen, and probably sooner rather than later--the total market collapse will make Mt Gox look like a mere tremor. And after that if will stay down--if not forever, than certainly for years (and it will never again reach the recent heights in anything that is recognizably like the current "cryptocurrency market" we know). Mark my words. (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300076) |
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Date: February 1st, 2018 8:48 PM Author: appetizing ungodly gaming laptop (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300102) |
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Date: February 1st, 2018 8:54 PM Author: Translucent Provocative Wagecucks Indian Lodge jfc (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300147) |
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Date: February 1st, 2018 8:43 PM Author: Puce demanding giraffe Nah (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300058) |
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Date: February 1st, 2018 9:29 PM Author: elite vivacious candlestick maker OP self outted as a confirmed no coiner and sell cuck. thread over. (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300423) |
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Date: February 1st, 2018 10:03 PM Author: Aromatic brilliant site will bump this thread in march to make fun of OP (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300748) |
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Date: February 1st, 2018 10:04 PM Author: Bat-shit-crazy coldplay fan (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300759) |
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Date: February 1st, 2018 10:04 PM Author: contagious police squad I don't understand how so many people are so confident about future events. It's ridiculous. (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300765) |
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Date: February 1st, 2018 10:08 PM Author: Flickering Principal's Office Therapy (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300799) |
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Date: February 1st, 2018 10:12 PM Author: Bat-shit-crazy coldplay fan OP is a troll (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300846) |
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Date: February 2nd, 2018 1:09 PM Author: mauve abusive karate CR, don't listen to me. HODL! To The Moon! Lambo Alert! (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35305480) |
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Date: February 2nd, 2018 1:11 PM Author: Flesh Faggotry House (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35305495) |
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Date: February 2nd, 2018 1:30 PM Author: Gold Pontificating Address (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35305700) |
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Date: February 1st, 2018 10:26 PM Author: excitant location (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300957) |
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Date: February 1st, 2018 10:26 PM Author: Flesh Faggotry House Who let boner police into the cryptobort? (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35300960) |
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Date: February 1st, 2018 10:35 PM Author: bright insane forum ladyboy (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35301044) |
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Date: February 1st, 2018 10:39 PM Author: cracking point community account i had coinbase open and my finger hovering over the sell button the day back when it spiked from 18k to 19k in like an hour. i KNEW that shit was ridiculous. oh god if only. (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35301079) |
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Date: February 2nd, 2018 1:04 PM Author: mauve abusive karate It's not too late, yet. You're down a lot, but you can still pull something out and salvage a part of your investment right now. Do it. This thread will haunt you when I bump it in the months to come if you don't. And I will be bumping this thread. (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35305435) |
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Date: February 2nd, 2018 1:41 PM Author: mauve abusive karate https://www.theguardian.com/technology/2018/feb/02/bitcoin-biggest-bubble-in-history-says-economist-who-predicted-2008-crash
But you guys know better, right? |
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Date: February 2nd, 2018 1:45 PM Author: floppy market Another nocoiner
In the same article he says BTC is "going all the way to 0".
Do you really believe that? |
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Date: February 2nd, 2018 1:48 PM Author: mauve abusive karate From a literal perspective? No. There will still be idiots/anarchists "HODLing" when BTC is like $15 again. There will still be HODLers if it goes down to $.01. And the Dutch continue to sell tulips to this day.
But from a meaningful investment perspective, he's absolutely right. A decline from $20k (or $8k) down to $15 might as well be zero. Whatever "value" BTC has left after the big crash occurs and fully takes effect will likely be a tiny rounding error.
Want a tulip bulb? I know a guy who can get you a great one cheap. |
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Date: February 3rd, 2018 1:53 PM Author: Ruby insanely creepy abode sage wisdom from an objectively brilliant (albeit hyperpartisan) economist:
https://www.popehat.com/wp-content/uploads/2013/12/krugman.png |
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Date: February 3rd, 2018 1:57 PM Author: Puce demanding giraffe lol (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35313841) |
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Date: February 3rd, 2018 2:30 PM Author: Bat-shit-crazy coldplay fan lmao (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35314050) |
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Date: February 3rd, 2018 1:00 PM Author: bright insane forum ladyboy (http://www.autoadmit.com/thread.php?thread_id=3879212&forum_id=7#35313539) |