If you got in like I did, back in 2011, these ups and downs are meaningless. I didn't understand the world of cybercurrency but fortunately my grandson explained it to me and now I'm enjoying a comfortable retirement. I'm not telling you what to do with your money but hopefully the pain of your upcoming poverty will teach you to make better decisions in the future. I'd like to remind everyone, though, that my success isn't for me, though. I'm leaving all of my coins and tokens to my son, daughter, and gardener. Good luck to all longs.
OT- Bitcoin
- Thread starter redwine65
- Start date
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The next bottom won't come until the next bear... crypto hasn't even hit the bull yet
Bottom of bear typically won't be for about 1.5 to 2 years post peak. This is supposed to be the year of the peak. Peak has always, for BTC, November/December. There's always been pullbacks during the peak cycle year, so this doesn't surprise me one bit.
Last cycle it was Covid and the SEC playing legal games bringing bad news and affecting the market. This time it seems to be tariffs and possible shakeup with NATO and EU with these elections in Deutschland.
is the recent hack and theft of a zillion btc at an exchange who's name escapes me right now, partly to blame as well? for btc price right now??
From what I understand, it was 1.5B in ETH. Bybit was the exchange and 2 other exchanges have thrown in money to Bybit to help them make customers whole.
It was 3rd party software that Bybit was using. I think this mean that exchanges are going to have to start developing their own tools and really take security to level 10 importance and profit making needs to come down to a level 9 if they want to keep customers.
Not anymore. We're not getting any favors here. Although there were a small number of people who bought huge amounts of ADA, Eth, BTC, etc on Sunday before the social media post. One person made out with a $12 million profit in BTC alone. Luckily he/she sold right before the comment about the 25% tariffs was made. Lucky ducks! What are the odds! They all got in and got out at the perfect time.
What happened to that guy?
I loved his "stories" they were amazing.
The fights he made his kid take part in vs the town bully, that he reffed! Seems like that would have been jail time.
The secret bunker.
The secret deal with a local farmer where he would get all the food him and his family could eat in exchange for god knows what.
Glad I sold 1000 of mine back at 120, going to rebuy at these levels. Not telling you what to do with your money but my grandson has been helping me with these investment choices. He really explained to me how important it was to avoid my 401k and any fiat investments, Bitcoin has been a godsend for me and my family. I'm leaving all these profits to the family. God bless.
I LOOOOOVE your posts!
That guy makes the most amazing posts!
He said that one time he took his son out to the park to fight another kid and he like "reffed" the fight. He forced two kids to fight!!!
Blessings to you and yours. I'm considering rebuying soon, I sold all mine at $126,198.07 (yes, thanks to my nephew I know the exact number), hopefully I will buy back in quickly. I need to talk to my JP Morgan Private Bank advisors. Believe it or not, they didn't even understand Bitcoin when I showed up at their door, but I helped them build out their cybercurrency team (they didn't realize I was just using some notes from my grandson). I'm flush right now thanks to my Micron play but will hope to rejoin you soon. Not telling you what to do, just what I plan to do so I can leave generational wealth to my children.
Remember when you made your kid fight another kid and you acted as "the ref" my god!
I think you're misremembering my brother in Christ.
It's only a scam because you don't understand it. I was once like you, but thankfully my grandson helped me build generational wealth. Peace and love, peace and love.
Crypto is not a scam. It is being built as an alternative to the banking industry. It is not ready for that yet, but will one day provide a real path to financial independence.
Imagine a place where you can get loans, buy a house, a car or property all through smart contracts without needing anyone's permission. It will eventually replace the middlemen who take unnecessary cuts like the 7% realtor commission, closing costs and all the other underwriting fees that people have just accepted as normal.
That is why it is so hard for crypto to become stable. Banks do not want to lose that money and business. They are currently trying to get invested enough so they can offer it to their clients while still collecting a fee. The cool thing about crypto is you do not need a bank and you do not need to give them a piece of it.
Now do people use it for pyramid schemes, funneling money and other scams? Absolutely. Our current president did just that with the Trump coin and Elon Musk has pumped and dumped a ton of alt coins.
There are plenty of others in the space taking advantage of people as well. The premise of the crypto system is sound though and it truly does have a purpose in the future.
It just needs to be regulated so that random people cannot create a fake coin, pump it up because of their popularity and leave unsuspecting buyers holding the bag.
Hahaha!
I miss that guy. The stories were amazing.
The fighting, the Air Force, the wealth. The adopting black kids.
He apologized to the mods and then threatened to punch me in the nose. I lost a computer that day to a bottle of gatorade I spit all over it.
Better question. What’s the NAV of Bitcoin?Yeah I think it is a pertinent question to ask why everyone didn't pile in when it was at that price and what has changed between then and now. I'll just stay away and watch what unfolds.I know China controls something like 70% of the hardware required to run the network. I'll pass for now.
The problem with your last statement is, even if true the regulaters would be the goverment, and banking industry, which are two of the most corrupt entities in existence..
For sure... I am hoping they will one day find a way to regulate it internally
What in the world are you talking about? Smart Contracts?? You don't have to pay a Realtor, as is, if you want to sell. ANY time you have someone sell something for you, you're going to pay a fee so some crypto thing isn't going to change that.
Lol...
Simple... it is called thinking outside the box
A smart contract can help automate the proof and transfer of ownership by putting the ownership record and transfer rules directly into the blockchain system. Instead of relying on a realtor, lawyer, or escrow company to coordinate the process, the blockchain can show who owns the asset, and the smart contract can automatically transfer it to the next owner once the agreed conditions are met.
The important catch is that, for a house, this only works fully when the legal system recognizes the blockchain record as the official title record. That is the part that could eventually become mainstream, and it is a big part of the long term purpose of crypto. It still needs regulation, but it can remain decentralized in how the system operates. Today, a smart contract by itself does not replace the county recorder, title company, or legal paperwork that proves ownership under the law. So the idea is not that code magically proves you own a house. The idea is that code can automate the transfer process once the law and the property record system are built to accept it.
If you are in this business, I would strongly suggest taking a deeper look at crypto, because at some point it will become mainstream. A lot of people still misunderstand what crypto is actually for. Too many people only see the scams and miss the larger purpose, which is to create a more direct, efficient, and programmable way to move value and prove ownership.