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    Jim Chanos on Coinbase: It's not a good business model

    It removes the need for a trusted third party. Instead of needing a bank to keep balances and verify(send) transactions, you can use blockchain. Miners verify the transactions, but in a trustless process as proofs are cryptographic. Decentralization makes it censorship resistant.
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    Bitcoin Price Thread

    I have no idea tbh, i am just bored :) :banghead:
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    POLL: Big crash coming this week?

    Given the current geopolitical climate, it seems appropriate to adjust the targets. $2700 SP500 is highly unlikely to be the bottom. 2650, 2300, 1900 are probable support zones. With bottom occuring likely at around $1500 SP500 From top at 4800 to 1500, is a 69% correction. We crashed 57% in...
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    XRp Intraday Buy

    And it did! Up 50%! It could continue, but since the rest of the market is still on murky waters, might be best to take profits here.
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    A Day Trader in United Arab Emirates, Dubai.

    I am purely objective, stating facts and the reality of the situation... While you have yet to come up with an argument. You are telling me i am projecting my FEELINGS. The irony :):):)
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    A Day Trader in United Arab Emirates, Dubai.

    Why not? What is it that makes it produceful? The people on the other side of the trade lose money and ruin their lives. You don't produce anything of value, you just take money from someone else. Your thoughts don't change facts. My point was that i'm okay with that because i can't change...
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    A Day Trader in United Arab Emirates, Dubai.

    You are looking for purpose? Trading is perhaps the most selfish and purposeless thing in the whole world. If you are daytrading, you are just taking money from other people(suckers). You don't provide anything to anybody, you are not creating anything nor are you providing a service, you are...
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    Luxury Watchmaker Jacob & Co. Releases Limited-Edition Bitcoin Watch

    These watches are not for wearing but for collections for the rich that don't know what to do with their money. It's not safe to walk around with a half a million dollar watch on your wrist.
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    SPX 2008 vs 2022

    SP dropped like 57% in 2008. 57% would put us to around 2000 from the heights and there doesn't seem to be any significant areas of support. Probably a bounce at 1900. But it really does seem that the next time we take a dive, it goes all the way down to $1500 SPX. The current culture is so...
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    Does the S & P always go up, over the long term ?

    One of the reasons why it's always going up is because they KEEP PRINTING MONEY. The stocks are valued against the DOLLAR. As money perpetually loses it's value, stocks naturally go up. 'Black swan' events, which happen every so often usually wipe out all these "up only" strategies. So it...
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    My covid, parent dying, and getting back into trading (eventually).

    What is the benefit of being emotional? It's a genuine question. Like, what is the benefit of being sad?? It's just a natural response to your environment/experience. Time heals all wounds, but some(like losing your parents). You can't control the feelings but you can control your state of...
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    3AC borrowed millions from Voyager/BlockFi user deposits, and bought CryptoDickButt NFT

    there is no conspiracy theories. They literally took money from investors plus took margin loans on top of that and went full degen mode. They bought stupid NFTs and lost the rest on leveraged bets. Investors thought it was a professional trading/investment firm, when it was actually just 2...
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    3AC borrowed millions from Voyager/BlockFi user deposits, and bought CryptoDickButt NFT

    Source: Reddit 3AC borrowed hundreds of millions from user's deposits through custodial agents like Voyager and BlockFi, and used it to recklessly gamble on all kinds of ridiculous crypto things, including "CryptoDickButt" NFT. This is one of the wallets of 3AC...
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    XRp Intraday Buy

    I believe 0.3$ XRP could provide a significant bounce
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    Roger VER is VER(y) f'kd

    I don't believe this They are probably insolvent for other reasons and just blaming it on Roger
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    My teenage son got busted smoking. Now what.

    Some say weed is the most dangerous drug of them all because it kills the ambition. What it effectively does, is It makes you happy with the current situation. You could smoke and do nothing for the whole day, skip school, lay on the couch and YOU WOULD BE HAPPY(while high of course). It's a...
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    fortune favors the brave, Stay poor

    Celsius was literally a ponzi that offered high, stable returns at 0 risk Binance withdrawals were stopped for only 3 hours due to technical issues
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    fortune favors the brave, Stay poor

    And i am telling you YOU ARE WRONG. FTX, BINANCE, BYBIT... all are liquid enough for you to place your bets AND GET PAID. You could also use Bitmex, which has over 850M$ in the insurance fund to cover the clawbacks. Your justification is poor and wrong.
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    fortune favors the brave, Stay poor

    These exchanges have raked up billions of dollars during the bull market. Latest raise for FTX was 420M$ and there were several. Exchanges performed the pump and dump + made all the money from the fees. They are the ultimate winners in this game. FTX has 250 employees. Another thing is...
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    fortune favors the brave, Stay poor

    I am calling BS on this. Are you saying exchanges like Binance, Bybit or FTX wouldn't be able to pay up and rug you? Ridiculous.
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