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Crypto currency (IF banned from CA)

DuuuncanHadaPigeon said:
I'd largely agree, I mean when the richest man in the world buys, who else is left to buy. BTC is at the top of the adoption S-Curve, It will crash hard (75-85%) just like previous cycles, people will get washed out and then it will probably pump again but long gone are the big runs it used to do.

The last run up it had from 3k - 69k is only around a 23x which isn't a big deal in crypto, I would expect the next cycle to be more like 10x from the bottom, which would see a top of about 100k.

Crypto is just software, and BTC is old, slow software.
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And none of it is really user friendly widely accepted currency.
 
Efcjake said:
And none of it is really user friendly widely accepted currency.
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BTC will never be used as a P2P digital cash, which was Satoshi's whole vision. People like @nikom court will point to El Salvador but they used a bastardized version involving the lightning network (which has pitiful adoption) and Strike which is just a bankers app that converts everything back to fiat (just like any crypto debit card)

That is not to say crypto is going to die, it is not going anywhere and I kinda laugh when people just write it off as a scam, because they simply don't understand it.
 
Efcjake said:
The NFT quick boom bust shows that a lot of people see it for the scam it is.

I'm not surprised that had knock on impacts on bitcoin. The jig is up.
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The bottom will be in when all these pictures of apes are worth nothing, we are not quite there yet, there needs to be much more pain in the market before bottom is in. Look at crypto kitties for reference.

NFT's don't really have anything to do with BTC though, if anything when this fad dies down it will make ethereum more usable as NFTs contribute massively to the gas fees.

NFT's actually have a lot of interesting use cases, but pictures of funny monkeys isn't one of them
 
DuuuncanHadaPigeon said:
BTC will never be used as a P2P digital cash, which was Satoshi's whole vision. People like @nikom court will point to El Salvador but they used a bastardized version involving the lightning network (which has pitiful adoption) and Strike which is just a bankers app that converts everything back to fiat (just like any crypto debit card)

That is not to say crypto is going to die, it is not going anywhere and I kinda laugh when people just write it off as a scam, because they simply don't understand it.
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I understand it fine mate.

You crypto weirdos all think that the stupid people dont understand it, I understand its not something I wish to invest in, if you wish to pay chicken with your money, thats up to you.
 

MikelsGoat said:
I understand it fine mate.

You crypto weirdos all think that the stupid people dont understand it, I understand its not something I wish to invest in, if you wish to pay chicken with your money, thats up to you.
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Call me a crypto weirdo all you like. I have spoken many times in this thread about the pros and cons of crypto and see it for what it is.

You just seem to come in and call everything a ponzi
 
How many times have we been down this road? every time it crashes the bedwetters are out!
these are the times to make money,great buying opportunities. bought my first bitcoin when it crashed to 600,I bought more when it crashed to 4000 and iv bought more this morning.next buying point is 27k.
Traders are panic selling, everything is tanking,it will turn around,it always does.
Long term thinking,read the other thread I linked the other day,the world was ending in march 2020,bitcoin crashed to 4000,the divis on here were dancing in the street,be greedy when others are fearful,bitcoin isn't going anywhere none of the fundamentals have changed.
 


nikom court said:
How many times have we been down this road? every time it crashes the bedwetters are out!
these are the times to make money,great buying opportunities. bought my first bitcoin when it crashed to 600,I bought more when it crashed to 4000 and iv bought more this morning.next buying point is 27k.
Traders are panic selling, everything is tanking,it will turn around,it always does.
Long term thinking,read the other thread I linked the other day,the world was ending in march 2020,bitcoin crashed to 4000,the divis on here were dancing in the street,be greedy when others are fearful,bitcoin isn't going anywhere none of the fundamentals have changed.
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Why are you buying it now if you are so sure it will fall further to 27k? Why not just wait and buy it at 27k?
 
nikom court said:
i said i will buy at 27k if it gets there,iv got buying points all the way down
nobody knows whats going to happen in the short term,TA is useless for crypto.
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If TA is useless then your buying points must be useless...

I wonder where that guy is who had a magic algorithm to tell him when to buy and sell. Think his last post was buy at 50kish
 
DuuuncanHadaPigeon said:
If TA is useless then your buying points must be useless...

I wonder where that guy is who had a magic algorithm to tell him when to buy and sell. Think his last post was buy at 50kish
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my goal is to accumulate as much bitcoin as possible,if it doesnt hit my buying points,i will DCA as usual on the 28th.
26 months ago bitcoin was $4000,im not going to start crying at $31,000!
bitcoin has had 7 90% crashes,i werent expecting green candles all the way.
 
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