When will all crypto collapse?
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Solana is still far over-valued compared to the blue-chip cryptos... Unfortunately, it's showing quite some resilience, either it will take a little bit more time or... It's become too much of a cult-like following... sort of like those who held onto Tesla.
I feel like buying a dozen coins for shits & giggles then waiting to see what else happens here.
I feel like buying a dozen coins for shits & giggles then waiting to see what else happens here.
If it weren't for all those idiots who are pumping up Bitcoin and other cryptos, I think the concept behind Blockchain technology would actually be useful in the long run. But what makes BTC worth so much? It looks and even tastes (after-taste?) so damn similar to all the hype of dot.com bubble, it's not even funny. I mean, I could understand if you are just a dweeb in your 20s or 30s (since you were too young to remember the dot.com fever), but people like Mark Cuban and Michael Saylor
. It's idiots like them that should be brought out and tried.What an amusing day. So Genesis just announced not too long ago they are now preparing to file chapter 11 bankruptcy.
How do the markets react?
Can someone tell me what the fuck is happening here? Some shorts are covering... taking profits or what?
How do the markets react?
Can someone tell me what the fuck is happening here? Some shorts are covering... taking profits or what?
Rising tide during a holiday trading week. Watch the NDX, that is your signpost.
After reading this thread with an objective mind set...
I came in thinking everything crypto including Bitcoin is non sense doomed to inevitably go back to zero from which it came, and....
No new arguments were presented in support, only the same flawed logic, babble and nonsense was repeated here
Since 2008, not a single viable "use case" has been found other than greater fool gambling. There is plenty of commentary out there from technology experts of which i am not, stating that there is nothing Blockchain does that a database does not do much much better. That is the evidence, in the real world. Yet it is interesting that i am often told that if i did research, i would understand. I have in fact conducted a sufficient amount of research to draw a logical conclusion from.
Regarding regulation of the"industry". To the extent that gambling and gaming require regulation, yes that could be useful to protect consumers from scams. As an asset class or capital market, how do you regulate a scam? It's not so much regulation that is needed rather it's prosecution under existing laws.
On the proof of waste energy consumption front.. it should be made illegal imo and the world would be a better place for humans
As a store of value, there is none. It is literally the only thing you can buy that has an infinite supply. I can make Bitcoin 2.0 and on to infinity. Same goes for any other made up asset
My hated for crypto stems from the behavior and mentality of the crypto bros. Generally an assortment of the most cringe worthy aspects of human personality. A
I came in thinking everything crypto including Bitcoin is non sense doomed to inevitably go back to zero from which it came, and....
No new arguments were presented in support, only the same flawed logic, babble and nonsense was repeated here
Since 2008, not a single viable "use case" has been found other than greater fool gambling. There is plenty of commentary out there from technology experts of which i am not, stating that there is nothing Blockchain does that a database does not do much much better. That is the evidence, in the real world. Yet it is interesting that i am often told that if i did research, i would understand. I have in fact conducted a sufficient amount of research to draw a logical conclusion from.
Regarding regulation of the"industry". To the extent that gambling and gaming require regulation, yes that could be useful to protect consumers from scams. As an asset class or capital market, how do you regulate a scam? It's not so much regulation that is needed rather it's prosecution under existing laws.
On the proof of waste energy consumption front.. it should be made illegal imo and the world would be a better place for humans
As a store of value, there is none. It is literally the only thing you can buy that has an infinite supply. I can make Bitcoin 2.0 and on to infinity. Same goes for any other made up asset
My hated for crypto stems from the behavior and mentality of the crypto bros. Generally an assortment of the most cringe worthy aspects of human personality. A
Should quit reading your post after the first lie. You go from "an objective mind set" to a hatred for crypto after reading a few posts. Pretty amazing.
As a value investor, I LOVE people like you.
I love it when you hate on blue-chip companies because a pandemic is coming, I love it when you hate on banks and other fin-stocks because of a financial crisis, and I love it when you hate on crypto because of a liquidity crunch.
Thank you so much for spreading the bearish news! It was getting damn tuff to find entry points the last two years with everything getting stupidly over-valued and premiums well above book-value, but now it's raining discounts all over again. Phew!!!
Keep up the good work mate!
How do you value bitcoin?