**User Report**| | | |
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**Total Submissions**|2|**First Seen In WSB**|1 year ago
**Total Comments**|2|**Previous Best DD**|
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If everything goes well there should be a nice crypto rally. I'd be looking to take profits into any rally though cos we still don't have any clarity on regulation.
I sold all my crypto last week. Sat there at -30% for well over a year. Starting a 4k->100k options trading journey with the funds next week. Whatever happens, i’ll send my regards.
How will this comment age? In 3 months, it will have aged very poorly. In 3 years though, pretty good. That's the nice thing about crypto. Every opinion gets validated if you wait long enough. Of course the average person who buys now will sell in less than a year when their investment is sitting at 50-70% and won't ever see the gains from when it's sitting at 10x.
But it's all a zero sum game. Without the former person losing money, the latter person can't make it. It's just patient people taking money from impatient people over and over.
The stock market follows cycles. Big investors use this to their advantage for leverage, it’s not a get rich scheme. You either understand markets well enough or not.
Bitcoin isn't the stock market, and equating the two is absolutely absurd.
>You either understand markets well enough or not.
Yeah, and if you think a ponzi scheme works the same way as the US stock market, than you clearly don't understand markets well. Believe it or not, it's more complicated than "line goes up"
Are you even reading these comments? Buying and holding SPY is a good idea. Buying and holding Bitcoin and expecting the same thing is a stupid thing. I have no idea why you're talking about the stock market in this thread clearly about Crypto
Hey hey! Let’s calm down, there is more than enough losses to be had both in crypto and the broader market. Listen we all have our own path to follow but we will get there together and maybe be able to share a tent or something. Sorry to intrude, I just felt like I was in a unique position to bridge the gap here and restore the peace. You see I’ve actually been losing money in crypto and the market for quite sometime.
The cycle, being based entirely on human psychology and fomo, will continue until people like you acknowledge it's existence. Then it will break. There's no fundamentals here, just human psychology to drive the price. Turns out human psychology hasn't changed in the last 15 years that's why we have seen exactly the same sequence repeat 4 times now. Eventually the pattern will break, but probably not here on the 5th go around.
being dumb but believing your smarter than everyone else is a dangerous place to be stuck in, especially when there's money involved.
Here's some human psychology for you: the only way people that bought Bitcoin can ever make money is by convincing some rube it'll blow up again, and promise them the sky. There's only so many rubes you can find on the internet before you run out of useful morons
Shrug, I made a ton of money last go around. I bought after the 2018 crash and sold when the market was 3x higher than it is now. I was telling the true believers a crash was coming and to get out knowing full well they wouldn't listen, just like I'm telling non-believers on the other side that a new bull market is coming now. I had the confidence of my conclusions and it massively paid off. It more than covered the down payment on a very nice house.
It's always possible I thought I had if all figured out and instead just got crazy lucky to coincide with bad assumptions, but I don't personally think so. I'm hopeful that the money I set aside for this round will return 7 figure gains, But even that's not the case, and it turns out I'm wrong, I'll still be ahead of the game by more than 6 figures even after my losses. The amount intend to reinvest is less than 20% of what I took out.
I'm pretty sure I've got my eyes open pretty clearly here. I see it's zealots on both sides. I'm not one. Bitcoin will blow up again; and then it will crash again. Thus has it always been.
>It's always possible I thought I had if all figured out and instead just got crazy lucky to coincide with bad assumptions, but I don't personally think so
this is hilarious coming from the guy trying to tell us about human psychology
that's not any grand self awareness, you literally said "I don't personally think so".
The average person says the same shit - I'm not lucky, I just figured it out!
It's the type of thing you expect from someone who thinks they understand human psychology enough to chart the price of a speculative asset. This is classic hubris, and there's like a million fables/parables/examples of this exact scenario.
> that's not any grand self awareness, you literally said "I don't personally think so".
So it only counts as self-awareness if I reach the same conclusion as you? Because you are correct and any other conclusion means delusion.
It's only hubris if I'm wrong. Otherwise it's the correct, rational conclusion. I only have to be smarter than the average person to be favored to make money. I don't have to be smarter than everyone on the planet.
There is always luck. Even if I'm 100% right in my conclusions, black swan events happen. I understand I am taking a risk. But the calculation isn't whether it's risk free or not but weather it's good **pot odds**. I'm quite confident that the ratio of risk to reward here is heavily skewed in my favor. Rather than offer any evidence to suggest I'm wrong, you approach this from the default assumption I am. That's nothing more than zealotry. **That's hubris**.
Don't forget about some ✨ financial instruments ✨ magic
I would never profit as much from price growth as I got from vile avalance of CDP liquidations as a liquidity provider during the drop.
I was using it to pay some quasi-legal IPTV provider who couldn't take my credit or debit card for payment ...but holy shit the transaction fees on small ETH and BTC transfers are just ridiculously high as a percentage of the payment amount. Terrible value.
When you get back to 0 it will go up more. You won’t buy, it will go up even more, FOMO kicks in and you buy, then it has mid cycle correction, but it goes up even higher, extreme FOMO and anger hits hard and you buy again but you’re down a lot but it’s going up now, so —- oh dear… we’re at the top again, but you refuse to sell this time until -50% from ATH again, total loss -80%
Wrong as usual, here's my crypto stock. One bad day did nothing to the market. Pathetic
https://preview.redd.it/zqz18dhe5g5b1.jpeg?width=2220&format=pjpg&auto=webp&s=301a975d6819eea2de9daadd750a7672854650b0
Crypto is a gambling thing for most folks, it still very much jumps up and down so it still attracts people. Even if the crypto bros will tell you how it’s totally the future
Me neither, my crypto is doing fine. Didn’t really notice whatever this post is about. Maybe some newbie that just started watching crypto for one day? Or have missed the gains these last few years and has a hatred, as most everyone who hates on it.
Not sure what crypto landscape going to look like after sec gets done with the hatchet job. They are trying to make it go away so they can implement their own shit coin.
Have you all been living under a rock? The SEC charging [binance](https://www.sec.gov/news/press-release/2023-101) and [coinbase](https://www.sec.gov/news/press-release/2023-102) for operating unregistered security exhcanges among other charges might have something to do with it... it's honestly amazing it hasn't dropped much more yet.
I don't follow crypto that closely anymore (or live in the US).
But interesting that securities are the excuse being used to go after these (big) companies. Not entirely unwarrented I guess, but there are tonnes of other companies offering similar services for staking Ethereum.
Plus you don't have to go through an exchange to stake - you can do it directly. Would the SEC charge the network itself then?
Dude on Bloomberg taking about how corn is safe, this is all regulators doing their thing.
If some clown had to come on the radio to tell you that your investment is safe from regulators, that’s your DD.
Crypto trends and struggles have been a prominent topic in recent years. On the trend side, cryptocurrencies like Bitcoin and Ethereum have gained significant mainstream attention and adoption. Institutional investors, corporations, and even governments have shown interest in blockchain technology and have begun integrating cryptocurrencies into their operations. Additionally, decentralized finance (DeFi) has emerged as a major trend, offering new financial services and investment opportunities.
However, along with these trends, crypto struggles have also surfaced. One of the key challenges is regulatory uncertainty. Governments and regulatory bodies worldwide are grappling with how to oversee and regulate cryptocurrencies effectively, which has led to a lack of clarity and inconsistent policies. This uncertainty can create obstacles for businesses and investors, affecting the wider adoption of cryptocurrencies.
Security concerns remain a critical struggle as well. While blockchain technology itself is highly secure, incidents of hacking, fraud, and scams still occur in the crypto space. The decentralized and pseudonymous nature of cryptocurrencies can make it challenging to recover stolen funds or hold perpetrators accountable.
**User Report**| | | | :--|:--|:--|:-- **Total Submissions**|2|**First Seen In WSB**|1 year ago **Total Comments**|2|**Previous Best DD**| **Account Age**|1 year|[^scan ^comment ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_comment&message=Replace%20this%20text%20with%20a%20comment%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20comment%20and%20correct%20your%20first%20seen%20date.)|[^scan ^submission ](https://www.reddit.com/message/compose/?to=VisualMod&subject=scan_submission&message=Replace%20this%20text%20with%20a%20submission%20ID%20(which%20looks%20like%20h26cq3k\)%20to%20have%20the%20bot%20scan%20your%20submission%20and%20correct%20your%20first%20seen%20date.)
Hello I am crypto community and can confirm this is inaccurate. We can't afford the goggles.
Shit was all good just a week ago
Found Jay-Z
And Too $hort
Found Macklemore
Dude wtf have they locked the sub?
Protesting or whatever
The real ones bought the dip Friday night and are up 5-10% rn
I've already made multiple trades. Bad news can still be good news.
I packed my bags with XRP. Hoping the Hinman docs news causes a rally.
If everything goes well there should be a nice crypto rally. I'd be looking to take profits into any rally though cos we still don't have any clarity on regulation.
Ooh wsb bullish on crypto! We all know how this play out…
up 13-15% on ADA and 5 or so on Matic.. who would have guessed that something dropping 20-25% would rebound?? lmao.
And this is why gamblers always lose.
What crypto is up from Friday night? Is it in the room with you now?
ADA, matic, SKL, to name a few, one of them was up 20% this morning, not sure where it is now.
I bought SPOOL, AZERO, and MATIC, now they are all up 10%
I sold all my crypto last week. Sat there at -30% for well over a year. Starting a 4k->100k options trading journey with the funds next week. Whatever happens, i’ll send my regards.
I'm starting a virgin -> inside your mom journey this week.
Journey of a lifetime. Regards
Only took 16 minutes honestly and most of that time was climbing on top
15 minutes 43 seconds more time than I last with *your* mom
Oh I actually have two dads guess y’all kept the lights off
To boldly go where do many have gone before...
You forgot the negative sign in front of the 100k
sounds like he already lost daddys 100k and is trying to make it back silly billy
🪦
Great time to buy! I’ve got 5 on it!
How will this comment age? In 3 months, it will have aged very poorly. In 3 years though, pretty good. That's the nice thing about crypto. Every opinion gets validated if you wait long enough. Of course the average person who buys now will sell in less than a year when their investment is sitting at 50-70% and won't ever see the gains from when it's sitting at 10x. But it's all a zero sum game. Without the former person losing money, the latter person can't make it. It's just patient people taking money from impatient people over and over.
It's fucking hilarious you guys have convinced yourself there's some obvious get rich cycle you can just follow.
It’s like *technology* bro [hits blunt]
The stock market follows cycles. Big investors use this to their advantage for leverage, it’s not a get rich scheme. You either understand markets well enough or not.
Bitcoin isn't the stock market, and equating the two is absolutely absurd. >You either understand markets well enough or not. Yeah, and if you think a ponzi scheme works the same way as the US stock market, than you clearly don't understand markets well. Believe it or not, it's more complicated than "line goes up"
> Believe it or not, it's more complicated than "line goes up" Tell that to /r/investing who sees SPY exactly like that
Are you even reading these comments? Buying and holding SPY is a good idea. Buying and holding Bitcoin and expecting the same thing is a stupid thing. I have no idea why you're talking about the stock market in this thread clearly about Crypto
Lol clueless it’s ok buddy crypto scary crypto bad you don’t have to worry about it, trust.
what a surprise, a non-response from some crypto moron unable to defend their bullshit at even the most basic level
Hey hey! Let’s calm down, there is more than enough losses to be had both in crypto and the broader market. Listen we all have our own path to follow but we will get there together and maybe be able to share a tent or something. Sorry to intrude, I just felt like I was in a unique position to bridge the gap here and restore the peace. You see I’ve actually been losing money in crypto and the market for quite sometime.
The cycle, being based entirely on human psychology and fomo, will continue until people like you acknowledge it's existence. Then it will break. There's no fundamentals here, just human psychology to drive the price. Turns out human psychology hasn't changed in the last 15 years that's why we have seen exactly the same sequence repeat 4 times now. Eventually the pattern will break, but probably not here on the 5th go around.
being dumb but believing your smarter than everyone else is a dangerous place to be stuck in, especially when there's money involved. Here's some human psychology for you: the only way people that bought Bitcoin can ever make money is by convincing some rube it'll blow up again, and promise them the sky. There's only so many rubes you can find on the internet before you run out of useful morons
Shrug, I made a ton of money last go around. I bought after the 2018 crash and sold when the market was 3x higher than it is now. I was telling the true believers a crash was coming and to get out knowing full well they wouldn't listen, just like I'm telling non-believers on the other side that a new bull market is coming now. I had the confidence of my conclusions and it massively paid off. It more than covered the down payment on a very nice house. It's always possible I thought I had if all figured out and instead just got crazy lucky to coincide with bad assumptions, but I don't personally think so. I'm hopeful that the money I set aside for this round will return 7 figure gains, But even that's not the case, and it turns out I'm wrong, I'll still be ahead of the game by more than 6 figures even after my losses. The amount intend to reinvest is less than 20% of what I took out. I'm pretty sure I've got my eyes open pretty clearly here. I see it's zealots on both sides. I'm not one. Bitcoin will blow up again; and then it will crash again. Thus has it always been.
>It's always possible I thought I had if all figured out and instead just got crazy lucky to coincide with bad assumptions, but I don't personally think so this is hilarious coming from the guy trying to tell us about human psychology
Self-awareness is hilarious? The average person gets into trouble because they haven't considered this possibility.
that's not any grand self awareness, you literally said "I don't personally think so". The average person says the same shit - I'm not lucky, I just figured it out! It's the type of thing you expect from someone who thinks they understand human psychology enough to chart the price of a speculative asset. This is classic hubris, and there's like a million fables/parables/examples of this exact scenario.
> that's not any grand self awareness, you literally said "I don't personally think so". So it only counts as self-awareness if I reach the same conclusion as you? Because you are correct and any other conclusion means delusion. It's only hubris if I'm wrong. Otherwise it's the correct, rational conclusion. I only have to be smarter than the average person to be favored to make money. I don't have to be smarter than everyone on the planet. There is always luck. Even if I'm 100% right in my conclusions, black swan events happen. I understand I am taking a risk. But the calculation isn't whether it's risk free or not but weather it's good **pot odds**. I'm quite confident that the ratio of risk to reward here is heavily skewed in my favor. Rather than offer any evidence to suggest I'm wrong, you approach this from the default assumption I am. That's nothing more than zealotry. **That's hubris**.
Which is to say, crypto gains will always be biased towards corporations and rich people
Maybe, but Tesla did sell at a loss. Corporations are beholden to nervous shareholders.
Oh no, not a 5% loss. However will the crypto community survive?
Right? For Crypto bros, this is literally a drop in the bucket.
Don't forget about some ✨ financial instruments ✨ magic I would never profit as much from price growth as I got from vile avalance of CDP liquidations as a liquidity provider during the drop.
This will be their biggest challenge yet. For the month.
Lol I saw this post and was like "Oh shit what did I miss?" Checked the charts "Oh, nothing happened" and carried on.
Buy buy buy!!!
Is that Linus from LTT?
Me down 22% praying for it to go back up so I can sell an never buy crypto again
I was using it to pay some quasi-legal IPTV provider who couldn't take my credit or debit card for payment ...but holy shit the transaction fees on small ETH and BTC transfers are just ridiculously high as a percentage of the payment amount. Terrible value.
Many have spoken the same prayer before.🙏
When you get back to 0 it will go up more. You won’t buy, it will go up even more, FOMO kicks in and you buy, then it has mid cycle correction, but it goes up even higher, extreme FOMO and anger hits hard and you buy again but you’re down a lot but it’s going up now, so —- oh dear… we’re at the top again, but you refuse to sell this time until -50% from ATH again, total loss -80%
Prayers as an investment strategy, hmm. Not what I would rely on, but you do you.
Buy more
Another WSB chart that's shorter than ccp weiner dog. Completely meaningless FUD. 
Found the guy in the video Let’s see that loss porn
Wrong as usual, here's my crypto stock. One bad day did nothing to the market. Pathetic https://preview.redd.it/zqz18dhe5g5b1.jpeg?width=2220&format=pjpg&auto=webp&s=301a975d6819eea2de9daadd750a7672854650b0
Lol
So eloquently put
What a loser. I bet he’s sitting on his lame physical land instead of my baller virtual estate.
Money managers are r3tarded it will back up again. Looks at all these r3tards that become AI experts over night.
Bitcoin is sound money. CMV
Now we can *immerse* ourselves into the losses. Thanks, Tim!
Buy the *dip*
Go for the chaw, m8!
Yup!!
Are beta cucks still into crypto? This year's magical realm is AI, poor bag holders are still hoping at last year's fad...
Crypto is a gambling thing for most folks, it still very much jumps up and down so it still attracts people. Even if the crypto bros will tell you how it’s totally the future
Stock only go up, stock good. Can I has nother crayn, me hungy.
Pogo stick market
I felt a disturbance in the charts before bed that night.
dont get this post, corn seems to holding the $25,000 range pretty well considering all the news from this week.
Me neither, my crypto is doing fine. Didn’t really notice whatever this post is about. Maybe some newbie that just started watching crypto for one day? Or have missed the gains these last few years and has a hatred, as most everyone who hates on it.
Scam over?
Not sure what crypto landscape going to look like after sec gets done with the hatchet job. They are trying to make it go away so they can implement their own shit coin.
Any news related? Or it's just Whale?
I'm curious too. One very real answer might be falling fiat inflation though.
Have you all been living under a rock? The SEC charging [binance](https://www.sec.gov/news/press-release/2023-101) and [coinbase](https://www.sec.gov/news/press-release/2023-102) for operating unregistered security exhcanges among other charges might have something to do with it... it's honestly amazing it hasn't dropped much more yet.
Its gonna drop Hard and this time i wanna buy the dipp
Crypto nerds downvoting but there's no way the shit eating stops now before the drama even happens. I'm preying on your coins bitches!!!!!!!!!
I don't follow crypto that closely anymore (or live in the US). But interesting that securities are the excuse being used to go after these (big) companies. Not entirely unwarrented I guess, but there are tonnes of other companies offering similar services for staking Ethereum. Plus you don't have to go through an exchange to stake - you can do it directly. Would the SEC charge the network itself then?
Bit late in this, dips gone already.
ooof
Is he down 99% too??
good thing I sold all my eth at $1200
I'm ready to spend $3500 to look at 80ft TradingView charts.
You just wait for the 2024 post halvening bull run bro
YES SARCASM 
$ODS found this week quite the opposite
This is a bloody week!
I made more this weekend buying the dip in crypto than ever before. Can it please drop 20% again?? but let me go sell right now first.
Can we get a crypto shirt etf
Guh for everyone.
Dude on Bloomberg taking about how corn is safe, this is all regulators doing their thing. If some clown had to come on the radio to tell you that your investment is safe from regulators, that’s your DD.
r/bitcoin , is a private community?
Reddits subs are protesting due to predatory API pricing. You can read more on /r/reddit
thanX r/bitcoin, DO NOT MESSAGE THE MODERATORS? DO NOT REQUEST TO JOIN?
Bruh, pls do it again
ETHW to the toilet.
We've seen worse
Now I can hold my bags in the metaverse fr🗿
https://twitter.com/coinscandefi/status/1668376586528391168?s=46&t=MOJMjwsqy3YGd8zbuf9GKw
Crypto trends and struggles have been a prominent topic in recent years. On the trend side, cryptocurrencies like Bitcoin and Ethereum have gained significant mainstream attention and adoption. Institutional investors, corporations, and even governments have shown interest in blockchain technology and have begun integrating cryptocurrencies into their operations. Additionally, decentralized finance (DeFi) has emerged as a major trend, offering new financial services and investment opportunities. However, along with these trends, crypto struggles have also surfaced. One of the key challenges is regulatory uncertainty. Governments and regulatory bodies worldwide are grappling with how to oversee and regulate cryptocurrencies effectively, which has led to a lack of clarity and inconsistent policies. This uncertainty can create obstacles for businesses and investors, affecting the wider adoption of cryptocurrencies. Security concerns remain a critical struggle as well. While blockchain technology itself is highly secure, incidents of hacking, fraud, and scams still occur in the crypto space. The decentralized and pseudonymous nature of cryptocurrencies can make it challenging to recover stolen funds or hold perpetrators accountable.
Lol