Celsius DeFi ponzi collapsing

Pekelo said:
The stupid idea of be your own bank and the shitty technology. What else is there to like?
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Do you think it's right that the US government can just print unlimited dollars and devalue the currency?

Do you think it's right that the Canadian government was able to freeze the bank accounts of regular citizens for donating money to protesters to support their cause?

If you don't see the value of an immutable and permissionless system that is outside of corporate and government control then I can understand why you are missing the importance of Bitcoin.
 
Do you think it's right for opportunists to create 20,000 garbage coins with no use case other than fleecing suckers ?
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Bitcoin is not going to save you from government laws, regulations and control. Wake up.

If you make money with Bitcoin, you exploited its purpose. Be happy.

If you got your ass kicked, learn from it and do better the next bubble.

The system in place allows anyone to make money and improve his or her lifestyle. Why delude yourself about a coming new world order with Bitcoin?

It’s not a fucking religion. If Bitcoin is not making you money, dump it, because it ain’t worth shit for anything else.
 
savoir said:
It’s not a fucking religion. If Bitcoin is not making you money, dump it, because it ain’t worth shit for anything else.
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Is it going to upset you more if I told you I'm thinking of starting a ritual every full moon to sacrifice a few virgins to honor Satoshi? I believe this will pump the price of Bitcoin
 
johnarb said:
Is it going to upset you more if I told you I'm thinking of starting a ritual every full moon to sacrifice a few virgins to honor Satoshi? I believe this will pump the price of Bitcoin
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I give you a lot of credit. Can’t be easy sitting tight on the wrong side of the market. It’s good to see you keeping the humor going.

 
savoir said:
I give you a lot of credit. Can’t be easy sitting tight on the wrong side of the market. It’s good to see you keeping the humor going.
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Not much to do in a crypto winter but just to hodl and keep an eye out for signs of the next bull market

The hardest one to get through is the first one where you will have a lot of doubts if things will go back to all time high...

Virgins

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johnarb said:
Not much to do in a crypto winter but just to hodl and keep an eye out for signs of the next bull market

The hardest one to get through is the first one where you will have a lot of doubts if things will go back to all time high...

Virgins

pouring-out-liquor.gif
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I know it’s hard. That’s what drew me to trading from holding long term. I still have scars from prior bears and crashes.

Black Monday was a traumatic experience. Completely unexpected. It cast a pall of fear over the country to an extent I didn’t see repeated until 9/11.

Market crashes since 1987 just do not compare.
 
What would worry me about holding Bitcoin through a drawdown is:

1) It's only been around a relatively short length of time (13 years?). Sure it's had a few bear markets and always recovered but 13 years is not really long enough to assess the long term viability of an asset class. With other assets like stocks and gold, there are hundreds (thousands even) of years of historical data to support long-term buy and hold as a safe investment strategy. If the Dow or Gold crashes, you can be confident that it will come back eventually.

2) Bitcoin has only ever existed during good times. It's never experienced a prolonged recession/savage bear market like 1929/2000/2008. But it may be about to be put to this test, and personally I wouldn't want to be holding it while this experiment is unfolding.
 
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