BITCOIN

DannyCarey

Malthusian said:

Philosophical question: which would be the most accurate source for information about how the universe came into existence? 
1) r/creationism
2) r/creationistsaredumblol
"Well clearly it's r/creationism, because how could people who just hate on and make fun of others all day be a credible source?"

Probably neither - things are not always just so black and white.... Both Bitcoin and Buttcoin subs have plenty of contributors who speak with many inaccuracies. 

Malthusian

The retail noobs are all rekt or out of the market. Degens are day trading like always. Smart big players are probably net buyers here rather than sellers. 

What happened to the once-in-a-generation chance for the little man (= retail noobs) to get rich and beat the greedy bankers (= smart big players)? Trader bro is saying that even if Bitcoin goes to $400k, almost nobody in the real world will be buying a Lambo because they've already been dumped off the money train. If the "retail noobs" have largely given up and cut their losses it certainly tallies with the deadness of this thread. 

The big crypto exchanges trading points between each other and extracting real money from the degens may be a profitable niche, but hardly the "Internet 2.0" and "unprecedented returns far in excess of anything on offer in the traditional finance world" that this thread started with. 

(The statement "there is an exclamation-ton of liquidity in the market" has very different meanings depending on whether "liquidity" is defined as "real money" or "real money plus stablecoin monopoly money".)

DannyCarey

Malthusian said:

The retail noobs are all rekt or out of the market. Degens are day trading like always. Smart big players are probably net buyers here rather than sellers. 

What happened to the once-in-a-generation chance for the little man (= retail noobs) to get rich and beat the greedy bankers (= smart big players)? Trader bro is saying that even if Bitcoin goes to $400k, almost nobody in the real world will be buying a Lambo because they've already been dumped off the money train. If the "retail noobs" have largely given up and cut their losses it certainly tallies with the deadness of this thread. 

The big crypto exchanges trading points between each other and extracting real money from the degens may be a profitable niche, but hardly the "Internet 2.0" and "unprecedented returns far in excess of anything on offer in the traditional finance world" that this thread started with. 

(The statement "there is an exclamation-ton of liquidity in the market" has very different meanings depending on whether "liquidity" is defined as "real money" or "real money plus stablecoin monopoly money".)

270 pages in a couple of years would suggest this thread isn't dead. You are also one of the more regular posters on here, keeping it relevant, which is amusing, given you never have anything positive to say about Bitcoin...

Johnjdc

Scottex99 said:

Not entirely sure why it pumped 10% last night but $25K looks decent for now

Insofar as the price of Bitcoin goes up and down for any rational reasons rather than being a roulette wheel, it went up last night because some of the largest MtGox creditors (from the crypto fraud/scam/theft era three cycles ago before crypto frauds and scams went mainstream) agreed to take their bankruptcy recovery in bitcoins rather than in cash, reducing the number the administrators will have to liquidate for fiat.

DannyCarey

It could be a multitude of things. It might be mean reversion. FTX doesn't exist anymore (filed bankruptcy with 0 bitcoin. but billions in bitcoin liabilities)... i.e. they were suppressing the price by selling customer BTC and making people buy fake IOUs.

Scottex99

Malthusian said:

The retail noobs are all rekt or out of the market. Degens are day trading like always. Smart big players are probably net buyers here rather than sellers. 

What happened to the once-in-a-generation chance for the little man (= retail noobs) to get rich and beat the greedy bankers (= smart big players)? Trader bro is saying that even if Bitcoin goes to $400k, almost nobody in the real world will be buying a Lambo because they've already been dumped off the money train. If the "retail noobs" have largely given up and cut their losses it certainly tallies with the deadness of this thread. 

The big crypto exchanges trading points between each other and extracting real money from the degens may be a profitable niche, but hardly the "Internet 2.0" and "unprecedented returns far in excess of anything on offer in the traditional finance world" that this thread started with. 

(The statement "there is an exclamation-ton of liquidity in the market" has very different meanings depending on whether "liquidity" is defined as "real money" or "real money plus stablecoin monopoly money".)

Retail noobs and early adopters/investors are different. 

The proper noobs enter near the top, get distracted by meme/ponzi coins, don’t do bankroll management and exit at a loss as soon as the market turns.

There’s are other people however who are new but are cautious, the read up on BTC, Cryptography, Blockchain etc and they are something they like.

SEC looking at stablecoins now which could be tricky for arguably the safest of them and Circle. But how real is real money anyway when 25% of the entire worlds supply of USD was printed in the last couple of years.

The much less responses on here are relative to the market, fair enough. People that invested badly are probably out and never coming back. For me it’s my 3rd bear market, I’m getting ready for the bull in a year or two

brucefan_2

Scottex99 said:

Malthusian said:

The retail noobs are all rekt or out of the market. Degens are day trading like always. Smart big players are probably net buyers here rather than sellers. 

What happened to the once-in-a-generation chance for the little man (= retail noobs) to get rich and beat the greedy bankers (= smart big players)? Trader bro is saying that even if Bitcoin goes to $400k, almost nobody in the real world will be buying a Lambo because they've already been dumped off the money train. If the "retail noobs" have largely given up and cut their losses it certainly tallies with the deadness of this thread. 

The big crypto exchanges trading points between each other and extracting real money from the degens may be a profitable niche, but hardly the "Internet 2.0" and "unprecedented returns far in excess of anything on offer in the traditional finance world" that this thread started with. 

(The statement "there is an exclamation-ton of liquidity in the market" has very different meanings depending on whether "liquidity" is defined as "real money" or "real money plus stablecoin monopoly money".)

Retail noobs and early adopters/investors are different. 

The proper noobs enter near the top, get distracted by meme/ponzi coins, don’t do bankroll management and exit at a loss as soon as the market turns.

There’s are other people however who are new but are cautious, the read up on BTC, Cryptography, Blockchain etc and they are something they like.

SEC looking at stablecoins now which could be tricky for arguably the safest of them and Circle. But how real is real money anyway when 25% of the entire worlds supply of USD was printed in the last couple of years.

The much less responses on here are relative to the market, fair enough. People that invested badly are probably out and never coming back. For me it’s my 3rd bear market, I’m getting ready for the bull in a year or two

Actively adding or just hodling?

Scottex99

Always adding BTC & ETH.

A few random alts recently, within reason 

DannyCarey

https://www.youtube.com/watch?v=hKl3Zk7ne2o

nice little video

Futuristic

For those withdrawing their profits (lets say "in size"), which bank(s) have you had no issues with?