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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

There's one on reddit. Probably other places as well

No comparison between Luna and ETH/BTC. Actually, no comparison between any other crypto and ETH/BTC.

Or a

Seems to have stabilized... for now

Posted this back in Dec of last year

Global economic meltdown incoming

Yeah dude, good luck. Don't get too down, you may be underwater for a little while but Bitcoin always rebounds higher than before. No reason to think it won't this time too. And think about it this way, you could be one of the poor bastards that bought in at 68000

Yeah I agree- not about the crazy Highlander stuff, but about the current pain being necessary. The entire market has been overheated and that was doubly true for the crypto market. I honestly won't even sweat it unless BTC falls below 15k. I wouldn't be surprised if we settled in the low...

About to break a trend that has held up for the last 7 years. Edit: Trend broken, bitcoin apocalypse is nigh

Yeah man, don't leave your btc on coinbase. Get it off ASAP. Lots of people use online wallets but I prefer cold storage like: https://shop.ledger.com/products/ledger-nano-s Crypto storage is kind of a subject in and of itself though. So I would recommend you do some independent research and...

I've said it before and I'll say it again, taking my crypto into cold storage was the best move I've made. Here's an interesting graphic. I haven't independently verified the numbers, but they seem at least approximately accurate: Note these are the LOW'S each year since 2012. This should...

Dude, who knows how this all ends, but I would personally be shocked if you weren't in the black, probably by a substantial margin, by end of year. You got a 10-year window? You'll be fine. The people that get screwed in crypto are the people who trade on margin and/or have a really short...

Not a good movie. I guess if you didn't get enough of Channing Tatum's bare ass in Magic Mike, maybe you'd like it?

Recently got on a kick showing old 80s and 90s movies I grew up with to my girlfriend. I realized something similar. A lot of those old movies didn't take themselves too seriously, but still managed to put enough effort into the film for it to be weighty. That combination is really missing these...

Welcome to crypto:

The trend has been down for crypto (like the regular market) since December at least. What I'm suggesting is that there's a lot more buying of crypto than selling over the last few days. Make of it what you will. Compare the charts for the last five days of ETH to something like ARKK. In...

Doge is down less than most alts on the week. It got a shot in the arm just prior to the downturn from musks Twitter announcement

Shit like this is why I'm still at 90% cash with my IRA. Signs of a very unhealthy economy

Lots of green candles for crypto after market hours. Part of me wonders if we are seeing whales dumping stocks during market hours and accumulating crypto after hours.

That sounds right. I think February is when I really started to realize we weren't in a downturn or a pullback. I honestly had a bad feeling even before that though. Like I said in the other thread, that's why I've been 90% cash with my IRA since the end of last year

I didn't go back and parse out the exact day lol but if you say so, I'll take your word for it. Point being, it's been long over.

Well, there have been plenty of bear markets before. Where do people usually put their money in a bear Market? If I'm reading you right, you are suggesting that this bear Market is a little bit different because inflation is so high and bonds are so low, therefore the usual refuges aren't there...

It has been over over. They don't send out announcements when a bull run ends. At some point you look back and realize that a long correction or pull back isn't actually a correction or a pullback. It was the end of the run. I have no idea how long it's going to last. But it's over.

Bull run has been over since Feb bro. Actually it's really been over since December

Anone who said that was an idiot. That is certainly the goal, but we haven't gotten there yet. To this point it's never been anything other than a speculative investment Getting a little crypto rebound now though. It's interesting to me to speculate what a shift to an untethered crypto market...

You should. There are already several similar things out there from people who suck at giving advice. Might as well make one that's worthwhile.

Yeah, I'll be buying alongside you.

From an investment standpoint? Absolutely dumb. But Saylor is more than an investor. Saylor is essentially the "ambassador of Bitcoin." He's a true believer (maybe THE true believer). The way he makes his BTC purchases is meant to convey a message as much as it's meant as an investment...

https://www.google.com/amp/s/fortune.com/2022/05/04/michael-saylor-microstrategy-margin-call-bitcoin/amp/ Something to think about

What? lol? Didn't he just say he wouldn't buy all the crypto in the world for $25. Lol. All those dudes are so full of shit.

Crypto dropping off a cliff