Is crypto era over?

This spiel.

There have been dozens of alts paraded through here in the last 10 years, each lauded in exactly the same way, that they'll be the next big utility/whatever thing. Each one playing the "watch this space in the next few years" record. None of course even come close to that. Just 99% solutions to problems that don't exist, never-ending development, version 3.0, version 4.0, endless "partnerships". All just to create hype..

Hype to create speculation. Which is all this is about.

Or you want people to buy whatever coin you're holding in order to boost it's value under the guise of "I want us all to become rich" (half will make money off the other half)

I've bought lemons, and taken a hard loss. I've also bought ridiculous gainers. I'm very happy with my net, but it's all garbage.

Yes I can say it about most crypto, almost everything I have is up since the 2019 bear. That's because some schmuck is willing to pay more than I did for something that does nothing.

Doge is up massively, does that mean it's good? No.

How many global companies that would fold tomorrow if Chainlink ceased to exist? Zero.

Have much revenue does Chainlink make in comparison to it's token sales? Next to nothing.

It's just another "appeal to future" crypto marketing scheme with a bunch of bolted on technologies and neverending development to keep the hype flowing, to keep stupid investors buying it's only actual product, a conjured out of thin-air token for sale for cold hard cash on secondary markets, while it's holders evangelise it to others.

I've made money from Link and I'm also up, but the difference is I am honest about this stuff.

Oh and I'm pretty sure there'll be another hype wave (end 2024/2025) which drags most crypto values up as morons pile in, including Link. They just have to try to make **** that appears to float above the other **** in this market, that's the game :)

It is all garbage but as long as there are suckers out there then money is to be made. I made 11k on a coin called Safemoon a couple of years back for 200 euro "investment". Thing got pumped out of existence and lots of fools got burnt.

Near CEO resigns, no details given for the resignation:

Like most I pick a price point and sell in percentages. For example, someone may decide to sell e.g. 10% of their BTC when it hits 40k, then another 10% when it hits 43k. And so on. It removes emotion from the equation, has worked very well so far. The percentages and price points are entirely up to you, but you'll be far more rational right now than you will be during a bull run, so make the decisions now, they pay off in the long term. Greed is the killer.

Indeed, no one can time the top or the bottom.

That said one mistake was definitely doing far too much DCA at one point. Prices haven't gone low enough for me to start DCA this bear though. Still looking for another -50%.

Beat the rush, hawk money from other people for digital garbage, that's the scheme.

Depends on what your money goals are. Some people are happy to make 2x, for others it's not worth selling unless they can make at least 20x.

On a side note, I discovered in 2017 that crypto is worth nothing until it's sold and the bank has been convinced to accept it from whatever source (and taxes are covered).

As for the selling price points I chose for 2021. I picked some lower ones to cover anything I'd spent DCA'ing in the bear. Then picked higher amounts for pure profit. My goal was to sell around 75% of my whole crypto portfolio in "the next big run", which turned out to be 2021 run.

The "lower" price points were just below ATH because, after following this insane market for years, in a run a coin will go right up to ATH much easier than go over it.

As for the "higher" price points, I just went with points higher than the old ATH, so with Eth it was e.g. 2k, 2.5k and so on.

The second one. A percentage of whatever remains each time is my personal preference.

For the absurd amounts of loony alts I had, I just converted them when they rose into Eth or BTC and just stuck to the Eth/BTC sell points.

As for the future, e.g. selling Eth, I guess I'd go with a similar approach. ATH in the 2021 run was around 5k, so in another future run I'd sell a bit at 4k, 4.5k. Then aim for 6k, 7k, etc.

I have a nagging hunch that 2021 may have been the "big one" with the perfect storm of NFT's, Defi and Memecoins that will be hard to top. And that we'll have future runs but overall they won't be "as big". But who knows, that's my random speculation.

It's 99.9% herd psychology. Which is why I strongly suspect there's be some sort of run in 2024/2025 simply because "crypto goes crazy every 4 years" becomes it's own self-fulfilling pattern.

....majority of the global money supply no longer comes from central banks, i.e. it is not fiat based, but credit based, credit comes from financial institutions, we call these, 'banks'!

...for a chap thats clearly extremely self centered and narcissistic, just like mister trump!

Space X and Tesla are undoubtedly filled with huge amounts of incredibly intelligent people capable of keeping those ships moving in the right direction without that weird, egotistical narcissist being the face of them

A crypto exchange is a license to print money, you can just charge one percent on transactions and rack in the cash. Also SBF had backing from big financial players and his mother is an ethics professor. It will probably go down as the dumbest scam in history. I can see him or his lawyers popping their head out during the bull market trying to say all the money can be paid back by liquidating assets.

From the sounds of it, the book seems to be an exercise in brown nosing.