Cryptocurrency

[bennydorano]

Another collapse yesterday and it continues https://www.forbes.com/sites/dereksaul/2022/11/08/crypto-crash-intensifies-amid-downfall-of-industrys-white-knight-bankman-fried/?sh=30f4bf4d25f9

My holdings current at -70%.  It's done as a thing I reckon.

[trailer]

Another collapse yesterday and it continues https://www.forbes.com/sites/dereksaul/2022/11/08/crypto-crash-intensifies-amid-downfall-of-industrys-white-knight-bankman-fried/?sh=30f4bf4d25f9

My holdings current at -70%.  It's done as a thing I reckon.

Hear ya brother. Down ~ 50% myself. People who bought NFTs bound to have got some roasting.

I don't think it is done done but it's definitely done for the next 5 years.

[Smokin Joe]

Another collapse yesterday and it continues https://www.forbes.com/sites/dereksaul/2022/11/08/crypto-crash-intensifies-amid-downfall-of-industrys-white-knight-bankman-fried/?sh=30f4bf4d25f9

My holdings current at -70%.  It's done as a thing I reckon.

As I said on this thread a few months ago, I wouldn't touch anything else right now, but I'm happy that Bitcoin is a great purchase at the current prices (sub $17k) to hold for a couple of years.  I'm happy for this quote to be retrieved in 2 years.
This bear market has shown that there is Bitcoin and "crypto". Bitcoin is not crypto.

[smelmoth]

https://m.youtube.com/watch?v=mDIJiwNk2n8

Tulips from Amsterdam

[seafoid]

Another collapse yesterday and it continues https://www.forbes.com/sites/dereksaul/2022/11/08/crypto-crash-intensifies-amid-downfall-of-industrys-white-knight-bankman-fried/?sh=30f4bf4d25f9

My holdings current at -70%.  It's done as a thing I reckon.

Crypto is very vulnerable to inflation  As soon as conditions return to normal it will probably take off again.
The trick is to sell when the price starts falling and wait for the floor.

[seafoid]

https://www.cnbc.com/video/2022/12/23/jim-cramer-i-would-not-touch-crypto-in-a-million-years.html

[clonadmad]

Another collapse yesterday and it continues https://www.forbes.com/sites/dereksaul/2022/11/08/crypto-crash-intensifies-amid-downfall-of-industrys-white-knight-bankman-fried/?sh=30f4bf4d25f9

My holdings current at -70%.  It's done as a thing I reckon.

Crypto is very vulnerable to inflation  As soon as conditions return to normal it will probably take off again.
The trick is to sell when the price starts falling and wait for the floor.

If lads want to "invest" in makey up currencies

More fool them

[Armagh18]

Another collapse yesterday and it continues https://www.forbes.com/sites/dereksaul/2022/11/08/crypto-crash-intensifies-amid-downfall-of-industrys-white-knight-bankman-fried/?sh=30f4bf4d25f9

My holdings current at -70%.  It's done as a thing I reckon.

Crypto is very vulnerable to inflation  As soon as conditions return to normal it will probably take off again.
The trick is to sell when the price starts falling and wait for the floor.

If lads want to "invest" in makey up currencies

More fool them

Theres people have made an absolute fortune at it. It'll probably hit 100k at some point and drop again.

[clarshack]

https://www.cnbc.com/video/2022/12/23/jim-cramer-i-would-not-touch-crypto-in-a-million-years.html

I'll bet Jim has a secret stash.

[clonadmad]

Another collapse yesterday and it continues https://www.forbes.com/sites/dereksaul/2022/11/08/crypto-crash-intensifies-amid-downfall-of-industrys-white-knight-bankman-fried/?sh=30f4bf4d25f9

My holdings current at -70%.  It's done as a thing I reckon.

Crypto is very vulnerable to inflation  As soon as conditions return to normal it will probably take off again.
The trick is to sell when the price starts falling and wait for the floor.

If lads want to "invest" in makey up currencies

More fool them

Theres people have made an absolute fortune at it. It'll probably hit 100k at some point and drop again.

In the same way you hear about lads who made a fortune betting on horses,dogs or whatever

Maybe the board should set up their own coin

[RedHand88]

Another collapse yesterday and it continues https://www.forbes.com/sites/dereksaul/2022/11/08/crypto-crash-intensifies-amid-downfall-of-industrys-white-knight-bankman-fried/?sh=30f4bf4d25f9

My holdings current at -70%.  It's done as a thing I reckon.

Crypto is very vulnerable to inflation  As soon as conditions return to normal it will probably take off again.
The trick is to sell when the price starts falling and wait for the floor.

If lads want to "invest" in makey up currencies

More fool them

Theres people have made an absolute fortune at it. It'll probably hit 100k at some point and drop again.

I know of someone who has made tens of thousands. I made maybe 2 or 3.

[seafoid]

It's all about timing.

https://www.youtube.com/watch?v=7hx4gdlfamo

[Eamonnca1]

Since I started playing stocks I'm down 9%. The difference from crypto is these stocks are industrials that are suffering from a global stock selloff, even though they produce goods or services that have actual value. Most of them are paying dividends. I'm planning on holding onto them for a long time, so I'm buying them on the downward slope hoping for a long term turnaround.

The crypto bubble has just been a symptom of the era of low interest rates, with investors scrambling around in search of anything that'll produce a decent inflation-beating return. Some of them got desperate and got caught up in the mania.

[RedHand88]

https://www.bbc.com/news/technology-64210289.amp

[grounded]

Not sure if this belongs here!

https://www.bbc.co.uk/news/technology-64536593

'The whole idea of crypto (which is what this is) was to decentralise currency and give people the power to be their own bank.
This will just be a way of the banks/Govt/Financial institutions to control our money more efficiently'.