I am now a believer in Bitcoin

[HouseMD]

I'm loving the crash. People are getting taken for a ride because they bought into an idea that big investors had long since taken control of. They're making off with your cash and after things deflate they'll boost the assets again and keep pumping and dumping suckers for everything they have

The crash is temporary. Bitcoin will rise back up again just like the phoenix! Max Keiser and other cryptocurrency experts have all said the same thing.

I believe there are some big investors who might try to control the market for Bitcoin and other cryptocurrency, like Elon Musk for example. They might be able to cause fluctuations here and there, but I doubt they can radically change the market. Bill Gates tried f***ing over Bitcoin when he made his statement about people mining Bitcoin was bad for the environment.

One reason I like Bitcoin so much, besides Bill Gates speaking out against it, is that it scares the central banking system. The Zionist Jews who enslave all of us using their debt system fear Bitcoin because if it became a global currency then the banks are no longer needed to facilitate trade and transactions. We can cut out the middle man, so to speak.

Was it El Salvador that made Bitcoin legal tender? If all countries follow suit we can get rid of the greedy Jewish bankers once and for all. The banks are shitting themselves because of Bitcoin, so much so that they're wanting to release their own brand of cryptocurrency :lol

The problem is that it is very, very easy to manipulate bitcoin prices. They will rise again as the manipulators buy low, wait for excitement to build, and then sell high, sapping all of the money from suckers like yourself

[HouseMD]

Exactly. The idea that everyday people can win against armies of hedgefund developed bots that are powered by unfathomably deep pockets is ridiculous

In terms of day trading this is largely right. In terms of picking short term trends or buying and holding coins that serve a function in the long term, winning is possible. Lots of people have done so, so that constitutes proof by existence.

More people will lose than win with bitcoin. A few mega successes that sold at the right time just constitutes survivor bias

[Cornfed]

Super rich are buying in and trying to control the market. Max Keiser has faith in it, and he used to be a banker. He isn't an idiot either. Bitcoin is a massive f**k you to the banks and the government and as such it sits right by me.

Privacy coins are more of a f**k you to the regime and should take over from bitcoin & co. in due course.

[Shemp]

More people will lose than win with bitcoin. A few mega successes that sold at the right time just constitutes survivor bias

[Cornfed]

More people will lose than win with bitcoin. A few mega successes that sold at the right time just constitutes survivor bias

The difference is that some people articulated why they expected to make money in advance, turned out to be right and were successful with multiple coins.

[Moretorque]

More people will lose than win with bitcoin. A few mega successes that sold at the right time just constitutes survivor bias

The difference is that some people articulated why they expected to make money in advance, turned out to be right and were successful with multiple coins.

My ex girlfriend's father invested into bitcoin early and has got over £100,000 worth. He lost his job during the plandemic and the bitcoin has saved his arse and secured an early retirement. He'd have been totally f***ed now if he hadn't invested in bitcoin.

I wonder what makes people think their money is so safe in the hands of the Jewish banksters.

I am fairly sure the bankers have been manipulating all the coins as well, they have unlimited money to warp the world as they see fit, the entire system is nothing more than a counterfeiting con job which is what the end goal of communism is. Own it all through total fraud and deception and then charge everybody else rent to be here.

Basically what it comes down to is the producer class is not bright enough to figure out what the financial class has done to it.

[WilliamSmith]

Exactly. The idea that everyday people can win against armies of hedgefund developed bots that are powered by unfathomably deep pockets is ridiculous

In terms of day trading this is largely right. In terms of picking short term trends or buying and holding coins that serve a function in the long term, winning is possible. Lots of people have done so, so that constitutes proof by existence.

Not necessarily @Cornfed! the kicker is that the amount of money you can make as a daytrader can be a nice living for us as individuals who like trading, but too trivial an amount for the bots controlled by kike bankers to even give a !@#$ about, because they have so much more money in their accounts. (And of course when ZOG banks lose epic sums from their "multicultural and diverse LBTG-whatnot" trading staff f***ing up trades and losing millions or even billions, then they get bailed out by the zionist jew federal reserve printing money out of thin air and laying the debt on us goys, like what happened awhile ago w/ JPM and the "tempest in the teapot."

And what you said on longer timeframe trades is right: It should be dead-obvious, but is a great point since we have all these morons who don't know !@#$ claiming it's impossible to trade. Can these mental giants fathom the concept that if you bought into a security trading at a deep discount at one time, that once you'd locked in nice profits (regardless of the imagined "fundamentals" or "thesis" of what price action supposedly will/won't do, as opposed to what it actually does) that you might sell parts of your position in that asset, guaranteeing profits, even if it theoretically went up more from there?
This is the radical concept of being a trader, yet we keep seeing shit-head "negatoilets" telling us the concept is impossible since there's (theoretically) bots in existence who always know better than us.

[rainbanx]

I currently hodl 0.12 BTC and the rest are Ethereum, Cardano, etc. If you believe in any cryptocurrencies or tokens that has good projects, long term prospective, and real life case uses, then I highly suggest you invest in that Crypto. Only invest what you are willing to lose. I'm not a financial advisor. This is not real investment advice.

[Moretorque]

I currently hodl 0.12 BTC and the rest are Ethereum, Cardano, etc. If you believe in any cryptocurrencies or tokens that has good projects, long term prospective, and real life case uses, then I highly suggest you invest in that Crypto. Only invest what you are willing to lose. I'm not a financial advisor. This is not real investment advice.

My ex girlfriend's father thinks Bitcoin will rocket back up again. He listens to Max Keiser a lot and he was a former banker etc. I've now got less Bitcoin than I originally invested, but I'll remain optimistic and see if the price creeps back up.

The central bankers can and do manipulate whatever they want with their counterfeiting operation. BitCON from the beginning is more than likely a psyop by said bankers.

[publicduende]

My ex girlfriend's father thinks Bitcoin will rocket back up again. He listens to Max Keiser a lot and he was a former banker etc. I've now got less Bitcoin than I originally invested, but I'll remain optimistic and see if the price creeps back up.

Cryptocurrencies, NFTs and the entire blockchain/DeFi industry has had its final coup de grace during 2022. Now the world is split between those who know the whole castle of cards is a colossal fraud and won't touch it (anymore) with a 5-foot pole, and those who know exactly that yet need to prop up the market a little bit, until the hot potato is passed over to the lesser chicken and they have their chance to get off the carousel with a modest profit, or at least without huge losses.

Last year I worked for 2 blockchain companies and in 2020 I collaborated on a blockchain-associated project. Being on the other side of the fence, as a developer of some blockchain technology, was the final eye opener that basically even the most legit-looking projects, including Bitcoin and Ethereum themselves, are nothing more than sophisticated Ponzi schemes to enrich the owners/founders beyond anybody's wildest dreams, at the expense of millions of small investors who will very soon get the short end of the stick, if they haven't already.

There is nothing, absolutely nothing left to feel optimistic about. The technology doesn't work for any of the bombastic use cases promised, it doesn't scale, it doesn't offer performance, or security. Whatever can be achieved by blockchain can be achieved by much simpler systems based on distributed databases and high-performance communications channels. Most of the recent "innovation" is basically forks of existing projects with one or two hacks added to give them the semblance of something different. Or porting of an existing system under a new chain (e.g from ETH to Solana).

It's been a massive balloon filled with farts, which has been leaking all over the place. Whatever market is left, has the choice of slowly letting it deflate to irrelevance, of make it suddenly implode, with much more painful consequences for investors small and large.

Case in point, this is the price chart for Solana, one of the undisputed darlings of the past 2020-2021 crypto summer. In this 2022 alone it lost 94.5% of its value. Let this figure sink in. This was a blockchain (and associated currency) that promised to revolutionise the Decentralized Finance (DeFi) industry, offering truly decentralised services, blazing fast transactions, enhanced security, and community ownership.

[Shemp]

...castle of cards is a colossal fraud...

I'm not an expert on securities law, but my impression is that the usual laws don't apply to crypto, because it's such a novel concept. So all the things you can't do with stocks, bonds, commodities, you can do with crypto. Such as front running, spreading rumors to pump and dump, using insider information, etc. If such manipulation is indeed legal with crypto, then i would guess since sophisticated hedge funds, with AI bot trading programs, were ultimately behind a lot of crypto. That is, they financed the creation of a market they could legally manipulate, then they manipulated it, and they will continue to manipulate until no more money left to squeeze out.

[publicduende]

I'm not an expert on securities law, but my impression is that the usual laws don't apply to crypto, because it's such a novel concept. So all the things you can't do with stocks, bonds, commodities, you can do with crypto. Such as front running, spreading rumors to pump and dump, using insider information, etc. If such manipulation is indeed legal with crypto, then i would guess since sophisticated hedge funds, with AI bot trading programs, were ultimately behind a lot of crypto. That is, they financed the creation of a market they could legally manipulate, then they manipulated it, and they will continue to manipulate until no more money left to squeeze out.

Exactly. Unregulated doesn't mean "sophisticated", quite the opposite, in fact. All the marketing fuss and the (pseudo-)research papers are only a smokescreen to portray the industry as the absolute bleeding edge of financial technology and a new, life-changing form of digital economy.

In reality, saying that systems that scan millions of market characteristics per second to find alpha, or perform millions of trades or payments per second, securely and reliably, are yesterday's technology, is an insult. It's the blockchain arena who is, for the most part, populated by last minute software engineers with only circumstantial experience of high-performance, low-latency, highly-scalable financial platforms. No wonder 99.99% of their promises, whether in good faith or not, are not kept. None of the real live systems, bar a few exceptions, are truly decentralised. Those which are have an embarrassing number of problems, including security holes and poor performance.

As you said, the market is still standing for the few who are desperate to exit on a profit and for the occasional chicken who is still fool enough to believe the technobabble.

Cryptos are dead and they're not returning. Amen.

[fschmidt]

I love Bitcoin for the same reason that I love the covid vax, it destroys those dumb enough to fall for it.

[publicduende]

I love Bitcoin for the same reason that I love the covid vax, it destroys those dumb enough to fall for it.

The natural progression of the scam are the so-called Central Bank Digital Currencies (CBDCs), which are crypto tokens issued by the central banks or monetary authorities of each "sovereign" country (double quotes required because most central banks are private entities owned by other private entities - commercial and investment banks).

Virtually none of them have come out of proof of concept or prototype phases and the reason is not that the technology is obscure or hard to implement. All parties involved know full well that, if and when launched, CBDCs will find a wall of disbelief and disillusionment. Very few people will back them and even fewer will use them. They are keeping the projects warm in the barn, so to speak, waiting for global events to push towards a more authoritarian posture, which will limit people's choice. Use CBDCs or starve, that kind of thing.

[fschmidt]

The natural progression of the scam are the so-called Central Bank Digital Currencies (CBDCs), which are crypto tokens issued by the central banks or monetary authorities of each "sovereign" country (double quotes required because most central banks are private entities owned by other private entities - commercial and investment banks).

Virtually none of them have come out of proof of concept or prototype phases and the reason is not that the technology is obscure or hard to implement. All parties involved know full well that, if and when launched, CBDCs will find a wall of disbelief and disillusionment. Very few people will back them and even fewer will use them. They are keeping the projects warm in the barn, so to speak, waiting for global events to push towards a more authoritarian posture, which will limit people's choice. Use CBDCs or starve, that kind of thing.

CBDCs could work because the people are sheep. China is leading on this. If you are interested, I could ask people in China about it.