Is anyone else starting to become a bit worried? mod note in first post

[Deleted User] wrote: »

You're completely ignoring the applications of crypto. DeFi can exist outside of governments. That is the whole point.

Not when the Govts resource the destruction of the infrastructure of crypto as a currency, and and asset class. What store of value is there when it cannot be liquidated? When it cannot be transacted for any other asset? Its just a data record, no more robust for anything than a child's first MS excel homework.

bs2014 wrote: »

Guys my average price of BTC is €45k; down now at under €30 (way lower than it was in March when I started dipping in crypto); is it time to jump ship or is this a temporary blip that will rebound.

Get out. This is a 95%+ slow bleed crash. For today anyway. Could be a haemorrhage by the end of the business week. BTC could go to zero.

Rob2D

CorkRed93 wrote: »

this is good for bitcoin!

We knew it was going to happen. I had it pegged for before this. But then I thought we might get altseason out of the way. Sucks that it happened right now for us but what can you do?

Bob24

Larbre34 wrote: »

Get out. This is a 95%+ slow bleed crash. For today anyway. Could be a haemorrhage by the end of the business week. BTC could go to zero.

There could also be an atomic war by the end of the week. But similarly to Bitcoin going to 0, the probability is extremely low.

I have no idea how much further down we have to go (and what bounce me might get) - but honestly we are not going to zero this week.

Larbre34 wrote: »

Get out. This is a 95%+ slow bleed crash. For today anyway. Could be a haemorrhage by the end of the business week. BTC could go to zero.

Hyperbole.

coolshannagh28

TheAnalyst_ wrote: »

Why would a CEO have fans.

**** the whole lot or them. Crytpo mining is using a disgusting amount of energy.

Insider pretending to be an outsider, why is he so hungry for cash and poisoning his future customers ?

Pintman Paddy Losty wrote: »

I've came to provide advice for free. People can choose to take it or leave it. DYOR as they say.

But this thing is going to fall quicker than a fat slags knickers at a swingers party.

He raises a good point though, can you admit you were wrong the last couple of times you said it was going to zero?

Pintman Paddy Losty wrote: »

I've came to provide advice for free. People can choose to take it or leave it. DYOR as they say.

But this thing is going to fall quicker than a fat slags knickers at a swingers party.

Just in case you missed it paddy i asked this

He raises a good point though, can you admit you were wrong the last couple of times you said it was going to zero?

Pintman Paddy Losty wrote: »

I've came to provide advice for free. People can choose to take it or leave it. DYOR as they say.

But this thing is going to fall quicker than a fat slags knickers at a swingers party.

Ah sure once more in case you missed the last 3 messages

He raises a good point though, can you admit you were wrong the last couple of times you said it was going to zero?

luciddream

Is it too early to say we are out of the worst of it? The market looks to be recovering.

luciddream wrote: »

Is it too early to say we are out of the worst of it? The market looks to be recovering.

Its just stagnating activity because the exchanges have pulled the plug before they all implode. Funnily enough they all seem to have had technical faults at the same time. Where have you heard that before?

Bob24

luciddream wrote: »

Is it too early to say we are out of the worst of it? The market looks to be recovering.

Too early. There is no way to tell if this was the bottom or if there is another leg to go.

Sweetest Perfection

Gone Drinking wrote: »

Apply for one here

Awwww, thanks sweetheart x

Larbre34 wrote: »

Its just stagnating activity because the exchanges have pulled the plug before they all implode. Funnily enough they all seem to have had technical faults at the same time. Where have you heard that before?

Ticketmaster?

[Deleted User] wrote: »

Ticketmaster?

I was thinking more about the Wall Street banks claiming IT faults when the funds that shorted the US housing market called in their markers.

By the end of that week, a few of them no longer existed.

Luckycharms_74

Larbre34 wrote: »

Get out. This is a 95%+ slow bleed crash. For today anyway. Could be a haemorrhage by the end of the business week. BTC could go to zero.

Do you honestly believe that BTC is going to zero . Did you check to see if the sky is falling as well ?

https://www.youtube.com/watch?v=aaIwdKktSeo

Luckycharms_74 wrote: »

Do you honestly believe that BTC is going to zero . Did you check to see if the sky is falling as well ?

Just had a look outside and can confirm, the sky is indeed, still up there.

FFVII

Larbre34 wrote: »

I was thinking more about the Wall Street banks claiming IT faults when the funds that shorted the US housing market called in their markers.

By the end of that week, a few of them no longer existed.

What is the equivalent in crypto?

FFVII

TheAnalyst_ wrote: »

Why would a CEO have fans.

**** the whole lot or them. Crytpo mining is using a disgusting amount of energy.

70% renewable energy now

Rob2D

Don't get played.

SortingYouOut

Larbre34 wrote: »

Its just stagnating activity because the exchanges have pulled the plug before they all implode. Funnily enough they all seem to have had technical faults at the same time. Where have you heard that before?

What's your story, did you miss a boat or two and watch friends make a few quid without you?

FFVII

Rob2D wrote: »

Don't get played.

https://www.youtube.com/watch?v=aaIwdKktSeo

Captain obvious

Irish_rat

Larbre34 wrote: »

Get out. This is a 95%+ slow bleed crash. For today anyway. Could be a haemorrhage by the end of the business week. BTC could go to zero.

80% plus drop is probable in the coming months anyway. I don't think anyone is bothered about that.

BTC to zero? No.

https://m.independent.ie/business/personal-finance/irish-among-most-enthusiastic-investors-in-cryptocurrencies-40444334.html

The good aul vulnerable Irish as usual looking for the quick buck. When we learn from our mistakes!

BizWiz66

Mayo_fan wrote: »

https://m.independent.ie/business/personal-finance/irish-among-most-enthusiastic-investors-in-cryptocurrencies-40444334.html

The good aul vulnerable Irish as usual looking for the quick buck. When we learn from our mistakes!

We are vulnerable, after all we are taking risks so that if things go well we can get robbed for 33% of our profits by Revenue, and if things go bad nobody if going to give 33% of what we have lost back to us. That's what makes this risky.

Free article on bitcoin from the FT.

Uses as much power as Sweden, maybe as much as the UK, for what is entirely a speculative asset with no worldly applications.

https://on.ft.com/33WsUZg

Bob24

Deleted User wrote: »

Free article on bitcoin from the FT.

Uses as much power as Sweden, maybe as much as the UK, for what is entirely a speculative asset with no worldly applications.

https://on.ft.com/33WsUZg

Hyperbolic statements such as "Bitcoin alone could increase global warming past 2C within three decades" don’t quite make the author come across as balanced.

This is not to say the environmental impact should be ignored, but this clearly is a biased article written by a journalist who is on a mission.

He is on the other side of the debate and no need to fully agree with him either, but at least this different perspective should be read in conjunction: https://hbr.org/2021/05/how-much-energy-does-bitcoin-actually-consume