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Crypto 2022 is Dotcom 2000


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#1 Chilidawgz

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Posted 13 June 2022 - 03:05 AM

Not exactly the same but as is often said of markets, it rhymes. Crypto is a scam.


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#2 brucekeller

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Posted 13 June 2022 - 03:17 AM

At least crypto imploding at this point shouldn't hurt the real economy too much.  Just people with 'blockchain specialties' (marketers) might not get way too much money for basically something that could be learned in an hour or two (unless they are an actual dev). 



#3 pdx5

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Posted 13 June 2022 - 05:55 AM

Crypto smelled bad right from the beginning. It has nothing backing it except greed. No govt, no gold, no insurance company, no bank assets. Nothing supports crypto except greed and dislike of govt bureaucracy.
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#4 brucekeller

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Posted 13 June 2022 - 07:32 AM

All that said, went ahead and gambled on MSTR @ $148. Figured pretty decent risk/reward. Crypto could be at some kind of IT bottom... definitely a capitulation type move. 


Edited by brucekeller, 13 June 2022 - 07:32 AM.


#5 Chilidawgz

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Posted 13 June 2022 - 07:42 AM

crask.jpg


Anything can happen...what's happening now?
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All stocks (ETF's) are BAD...unless they go up - William O'Neil
 

#6 K Wave

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Posted 13 June 2022 - 08:11 AM

Total Carnage....ETH now down nearly 40% just in the first few weeks of June...

 

I think we can safely call that one a crash....


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#7 K Wave

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Posted 13 June 2022 - 08:12 AM

MSTR looking like perhaps a 25% haircut on the open...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#8 K Wave

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Posted 13 June 2022 - 08:15 AM

All that said, went ahead and gambled on MSTR @ $148. Figured pretty decent risk/reward. Crypto could be at some kind of IT bottom... definitely a capitulation type move. 

This aint that idiot's first Rodeo of stupidity....

 

Sure, bounce possible, but don't hang around too long...

 

mstr.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#9 CLK

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Posted 13 June 2022 - 01:56 PM

Nobody here has any clue about crypto, people are so short term focused.

Bitcoin has a 90% crash EVERY 4 years, but the same people always say scam and going to zero at the very times they could have been averaging down. I called for 7500 this year, I am waiting.

#10 Chilidawgz

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Posted 13 June 2022 - 02:54 PM

Nobody here has any clue about crypto, people are so short term focused.

Bitcoin has a 90% crash EVERY 4 years, but the same people always say scam and going to zero at the very times they could have been averaging down. I called for 7500 this year, I am waiting.

Crypto is nothing but hot air. It has no use. All gambling. It's too volatile for usage except for underground transactions or fleeing persecution. That is something 99.99% of the population would never use. It has been touted as a hedge against inflation for many years. How's that working out? I am thinking of the word con. Nearly all buyers at this point in time are underwater. As for averaging down, that is no way to trade. If you read any respected successful trader, they advise never average down your losses. Again, this crypto circus reminds me of the 2000 dotcom foolishness. I was there and watched people I knew, lose their shirt.


Edited by Chilidawgz, 13 June 2022 - 02:58 PM.

Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil