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El Salvador's Bitcoin -28%: Keep Stacking


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#1 Rogerdodger

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Posted 10 May 2022 - 11:49 AM

"Keep Stacking"

 

El Salvador's Bitcoin Losses Swell to 28% as Bukele Buys Even More...

 

Meanwhile... In unrelated-related news:

 

In Four Years, Phil Mickelson Racked Up $60 Million Worth Of Gambling Losses

Edited by Rogerdodger, 10 May 2022 - 12:00 PM.


#2 andr99

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Posted 10 May 2022 - 12:42 PM

virtual currencies are a fraud even more than a stock market that has been pumped up printing money as it were hygienic paper


Edited by andr99, 10 May 2022 - 12:45 PM.

forever and only a V-E-N-E-T-K-E-N - langbard


#3 pdx5

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Posted 10 May 2022 - 01:40 PM

Crypto has something going for it...GREED!

That is a very strong human emotion factor. 

 

One time people were paying ridiculous amounts for Tulip bulbs. 

Simply because prices were rocketing up. Anything can go up more simply because it has been going up.

Just like those internet stocks 2 decades ago.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#4 Rogerdodger

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Posted 10 May 2022 - 02:35 PM

Crypto is dead

https://www.spectato.../crypto-is-dead
 

Bitcoin is down 50 per cent from its peak last November – but that they have become boring. Bitcoin has suffered many a crash before, yet bottom-feeders quickly rushed into the market and sent the price rebounding. This time around there is little sign of any enthusiastic speculation. On the contrary, a brief rally in March fizzled out as quickly as it had begun. Bitcoin now looks set to plunge below its previous peak of 31,776 reached last July.

 

Many thought that Bitcoin and other cryptocurrencies could turn out to be a hedge against inflation. Those hopes have been dashed. While most currencies have been devaluing against real-world assets, cryptocurrencies have been falling in value faster.

 

So cryptocurrencies are no longer making anyone rapid fortunes, are no longer protecting against inflation, and governments are working out how to find them. What exactly is the attraction? They are clearly little more than a pyramid scheme: machines for redistributing wealth from players who are late into the gold rush to those who were early. And like all other pyramid schemes, they have a brief and finite life. Many of these new get-rich-quick schemes – like NFTs – have already come and gone.

 



#5 MDurkin

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Posted 10 May 2022 - 02:39 PM

I think it also has to do with the mind set of a generation. I went to an acupuncturist, she was about 30, I asked her what she wanted in life? She began with this long list which ended with her saying, "I want to be wealthy". I asked her what was the plan, since I only saw one table in her business. She answered with one word BITCOIN. I asked her what wealth meant to her, she said, "I want to own multiple homes in multiple country's".



#6 pdx5

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Posted 10 May 2022 - 02:48 PM

I think it also has to do with the mind set of a generation. I went to an acupuncturist, she was about 30, I asked her what she wanted in life? She began with this long list which ended with her saying, "I want to be wealthy". I asked her what was the plan, since I only saw one table in her business. She answered with one word BITCOIN. I asked her what wealth meant to her, she said, "I want to own multiple homes in multiple country's".

I can vouch there are thousands, if not millions, of such people. I have run into a few of them already.


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#7 Rogerdodger

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Posted 10 May 2022 - 04:39 PM

millions, of such people

 

The crypto disciples have been a lot quieter lately.

One year ago, my buddy from grade school days was all a twitter about his "stack" and how I too would be wealthy beyond my wildest dreams.

He had CNBC on his TV and they were showing the crypto feed incessantly.

The adrenaline rush was thick in the air.

 

Thankfully he owns over 50 rent houses which have all had huge gains in "value" along with ever increasing rental income.

Buffet style.


Edited by Rogerdodger, 10 May 2022 - 04:39 PM.


#8 Rogerdodger

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Posted 11 May 2022 - 08:56 AM

BITCOIN BLOODBATH...
COINBASE warns bankruptcy could wipe out user funds...
Crypto market awaits rescue...



#9 Rogerdodger

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Posted 11 May 2022 - 04:05 PM

'Extreme panic' in crypto: How risky is Bitcoin price below $30k?

 

I love it when you are told to use DUE DILIGENCE when buying MAGIC crypto coins.

 

AVALANCHE!!! -54.94%

 

 

Bitcoin-Crash.jpg


Edited by Rogerdodger, 11 May 2022 - 04:13 PM.


#10 Rogerdodger

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Posted 11 May 2022 - 04:22 PM

BIT IN CRISIS...
COINBASE warns bankruptcy could wipe out user funds...
Loses half its value in week...
Billionaires' Vast Wealth Destroyed...
Crypto market awaits rescue...