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For sure, another indication that crypto is still just a speculative asset.

Some already happening, some tomorrow, some in the near future. Crypto has been acting as the precursor for the normal stock market though, so keep that in mind.

Nobody with any sense has claimed that BTC (or crypto as a whole) has actually achieved the goal of being hedge against inflation or a refuge from a collapsing USD. Sure, plenty of people believe it has the potential to do that, and ideally at some point it WILL do that, but thus far it has...

Or just continue to sit on our hands?

Going to be lots of pain like this until we hit bottom. I feel bad for the people losing their ass, even if it's their own fault. I believe Microstrategy's "margin call" gets triggered if BTC drops below 21k. No idea what that would look like if it actually happens

Last time this happened the following day was reeeeeeally bad for the stock market.

Haven't sold any crypto in more than a year. Don't intend to anytime soon, either.

https://www.nbcnews.com/tech/internet/opensea-nft-nate-chastain-arrest-charged-insider-trading-rcna31489 Took long enough. Just a drop in the bucket, but it's a start. I guess.

Don't disagree, actually. I was careful not to go as far as saying crypto finally broke away, but I think it has shown a bit more resilience and a bit less volatility than it has in the past, that's all. What you draw from that is up to you, but I see it as a positive sign.

I said "over the last week", not since May 12. When I posted that, BTC was up about 4% over the previous 5 days and QQQ was down 1%.

Take it for what you think it's worth, but crypto has been holding surprisingly steady since the initial drop. It has noticeably outperformed the NASDAQ over the last week. Normally, if the NASDAQ drops, crypto drops 3x or 4x more. NASDAQ has continued to drop and crypto has been a relatively...

I was replying to Tmacs post, so I wasn't talking about exclusively Bitcoin. I'm not challenging your Bitcoin knowledge, don't worry. I'm sure you know more than me

Binance is the biggest exchange in the world afaik, and the cheapest

Binance is the cheapest out there afaik. That's what I use, but it's been a minute. Just keep in mind you have to use Binance.us if you are stateside. The larger Binance site doesn't operate in the US

I'm still sitting on the sidelines. You could be right, but I feel like we have more to go. The news just keeps going from bad to worse and like you yourself mentioned, the market was better than it should have been for so long, I feel like you have to factor that in. Who knows though

If the nukes start flying, I'm going to be relying on my investment in lead to payoff.

Have you not read a Flobee post before?

Vitalik has been a weird dude for years. Anyone who knows anything about him or ethereum knows that. Being a weird dude doesn't prevent you from being a genius. In fact most geniuses are weird dudes. As for the "globohomo" shtick, I can think of few things that would be more "globohomo"...

No Flobee, I'm not selling my ETH because Vitalik wants to eat bugs :rolleyes:. Though I have to admit, this is the most creative ETH FUD I've seen you come up with so far.

Can't say I follow your analogy, but I like it

Aaaaand here's that next leg down we were expecting. Still expecting the greater market to settle somewhere that leaves BTC between 20k-25k. Just a guess. Edit: Crypto taking much less of a hit than I thought it would, considering the rest of the market. Interesting to ponder the idea that...

I will admit I started averaging in today on Matic. Not a bunch, I'm going to wait and see how things play out and try and be disciplined about putting in a bit at a time. It's looking like an upturn for now though. Still 90% cash for stocks.

No. Stop it

For sure. It's just interesting to me that both the richest man in the world and one of the most brilliant crypto minds are both seemingly invested in seeing Doge succeed. Lots of reasons for this, probably. Musk obviously has a huge financial investment in it. Crypto as a very serious image...

I dunno man. I don't have much faith in any chart that doesn't consider the wider market as a whole. Crypto simply doesn't move independently of the broader market. Trying to analyze crypto charts in a vacuum seems like a waste of time imo.

https://www.benzinga.com/news/22/05/27211462/vitalik-buterin-sends-dogecoin-foundation-500-ethereum-coins-worth-more-than-1m

Good to hear someone else echoing my same thoughts- I may be wrong, but at least I won't be wrong alone.

I'm kind of expecting lots of changes like this. That's one of the benefits of a reset. The herd gets culled (Luna) and the status of the top dogs gets realigned.

Oddly it doesn't list the ram in the specs, just storage space. And no identifying numbers other than a53

Should have. Kinda hating this A53. I got passed at Google because I paid 1k for the Pixel 2xl and they stopped updating it 2 years after I bought it. Lots of bad shit started happening once the updates stopped, but fuck if I was going to pay 1k for a phone and only keep it 2 years. At...

I usually leave for the theater at the time the movie is slated to start. I can get to the theater, park, pay for the movie, buy popcorn, find my seats, and still have about 5 minutes of bullshit before the show starts. And yes, one of the reasons previews suck so much these days is because...

Here's how it works: there's a big pool of money out there. The money comes from idiots trying to make easy money in the crypto market. If you want to use the lawyerly term, you can call them "unsophisticated investors." Now, most of these idiots don't have a lot of money, but there's a lot...

Yep, it's now only down 10000000000% from a few days ago. Ever want to watch a pnd scheme play out as it happens? Keep watching Luna

What I read was that it was going to be way more than 1B because he would be subject to a lawsuit. https://www.cnbc.com/2022/05/13/elon-musk-cant-just-walk-away-from-twitter-deal-by-paying-1-billion.html

Any guesses on what Musk is trying to pull? From what I understand he would be exposed to a super costly lawsuit if he tried to walk away from the deal at this point. Maybe he's trying to walk away and use the "they lied in their public filings" excuse as a preformulated defense for the...

I haven't forgotten Bretton Woods, don't worry. If you couldn't tell from my post, I have a decent concept of the gravity of what it would take to change the current paradigm. That said, all paradigms change eventually. I totally get your skepticism (and everyone's skepticism, because you...

No one has a crystal ball, but I think you and Flobee are skipping some steps. I don't think there is going to be a magic moment where BTC suddenly replaces the USD as the reserve currency and crypto decouples from the stock market at the same time. Things tend to be more incremental. I...

Pretty much agree with all of this. I certainly wish a decoupling could have happened before this crash, but I think this crash will ultimately help precipitate the decoupling. Basically all we are missing is widely spread adoption of crypto. Lack of it is what is preventing the decoupling. The...

Nice. Getting close to the time for me to enter the fray. Be greedy when others are fearful and all that

Crypto drop was a precursor of the overall Market drop at the beginning of this recent downturn. Crypto started dropping the night before. Of course that doesn't mean the same thing is going to happen again