Roy Niederhoffer on crypto...

[GlobalMacro90]

My man Charlie looking good finally in BABA .

His call on Crypto only a matter of time

Hey @JackMorgan what specifically about Roy’s comments do you disagree with?

 

[Pekelo]

Hey @JackMorgan what specifically about Roy’s comments do you disagree with?

He said inflation hedge. Recently it is not. And even in history, depends on the time frame. Going forward it is not more a hedge against inflation than the general market. (because they move together) So why use bitcoin when you can just use an ETF?

He also said "it is growing its utility". Well, it is not. It is switching its utility depending on what the new goalpost is. And I only listened to 30 seconds of him.

Happy? (I don't like unsatisfied customers)

 

[Pekelo]

A funny thing has just occurred to me. Let's say anything Roy said was actually correct and right. Yet price dropped from 45K to 30K since the video. So how come?

The point is, you can not REASON about cryptos, because they don't behave reasonably...

 

[ajensen]

he looks like a kook
come to think of it, what btc fanatic doesnt ?

You are just making noise.

 

[JackMorgan]

You are just making noise.

What noise does a falling crypto make ?

None, it doesnt exist

 

[Pekelo]

BTC really weak 27.5K, the overall market weakness brought it down. Some hedge, somewhere.

[singing to the tune of Blake Shelton's song Some beach]:

Some hedge
Somewhere

My crypto wallet is empty but I don't care
Profits not growing and ponzis are blowing
I dreamt about this, you said
Some hedge
Never

 

[JackMorgan]

Tom Petterfey prays that this doesnt go to zero over the weekend before he can blow out his customers Futures longs at Zero margin left.

 

[Pekelo]

Curious @Pekelo and @JackMorgan what parts of Roy’s arguments do you disagree with?

I dunno, the price part?

Everything else he said made so much sense...

 

[JackMorgan]

Is that what cypto does ? merge, split, fork itself ?

But accomplish nothing of value in the real world ? cep impoverish 3rd world nations ?

got ya

 

[n1play]

BTC really weak 27.5K, the overall market weakness brought it down. Some hedge, somewhere.

[singing to the tune of Blake Shelton's song Some beach]:

Some hedge
Somewhere

My crypto wallet is empty but I don't care
Profits not growing and ponzis are blowing
I dreamt about this, you said
Some hedge
Never

Bitcoin goes down everyday. And I see a problem there.

I also think that BTC can become useless. Thus, I decided yesterday to exchange it in my crypto wallet on something more useful: I have bought a little RC car for my son he always wanted.

I am just scared that BTC can become cheaper than it is right now, haha