crypto had huge crashes

[UwU King👑Pikachu]

do you think the era of crypto is ended now ? , literelly down 250% + that's unthinkable
unbelieveable how it turned on

but i guess NFT is still going on and thrive thou

do you invest on crypto ? do you think crypto will be back again ?

[Fumo Bnnuy n Frends]

Автор сообщения: Lemonfed

you can't eat money , you can't eat bitcoins either. :cocochan2:

you can physically eat money

you can only eat as much as the machine the bitcoins are made or taken money out of are in supply.

[ambi]

Автор сообщения: **DeiRowtag

They already crashed more in 2017 so I can't understand why people say it's end or its unbelievable when it already happened

true dat. these dips are routine in crypto.

[Squingus]

Автор сообщения: UwU King👑😸CatGirl💓

do you think the era of crypto is ended now ? , literelly down 250% + that's unthinkable
unbelieveable how it turned on

but i guess NFT is still going on and thrive thou

do you invest on crypto ? do you think crypto will be back again ?

buy now

[The nameless Gamer]

I'm not an expert, so if I'm wrong, correct me. From what I've seen and know, the same thing happened as with the housing market in 2008. Artificial value increasing through sock-puppeting drove too many people out of the circulation and the scheme became unsustainable.

[skOsH♥]

Well, in 2018, btc fell to around $3k, losing 70% of its value

I'm not about to buy because the bottom for bitcoin is whenever gas prices and inflation ease up, which won't happen today, or tomorrow, etc.

Less than 70 people own a massive majority of bitcoin, so I will likely never buy it.

[Tony Twist's Thunderous Right]

It's only gone from 68k USD to 22k USD. What's the big deal?

[hypercybermegatron]

9 years of house hold energy to mine one bitcoin.
https://www.nytimes.com/interactive/2021/09/03/climate/bitcoin-carbon-footprint-electricity.html

So much wasted resources for a dirty pyramid scheme.

And so much ignorance about it too. Just take this video for example.

At the 1m40s mark: "This is mineral oil coolant which cools down these hard drives that need to calculate the quintillions of algorithms in order to mint and mine that 1 bitcoin".

https://twitter.com/saylor/status/1534618556947910656?cxt=HHwWgMDSiczch8wqAAAA

Some sections of the media are part of the problem with crypto, clueless and play right into the hands of the get rich quick parasites using techno babble and marketing wonk, but good to see people calling it for what it is: a dirty rotten scam.

https://www.forbes.com/sites/barrycollins/2022/01/15/cryptocurrency-nothing-more-than-a-pyramid-scheme-says-browser-boss/?sh=3b85c6b35ed8

[Dutchgamer1982]

Автор сообщения: permanent name

Alright so it’s the same as the stock market.

much worse..

stocks have real value (the assets and neth profit) of a compagny) and give you voting rights over the course that compagny will take.
-I care not what price my stocks sell as once bought they never change hands yet still generate me income. I care only for the annual divident and the chance I get my divident next year too.

crypto has none of that it has no underlying value and on top of that you only bet on them being bought off you for more in future.
and my economic lessons tought me to NEVER aquire assete only to bet on them getting more expensive.

crypto is gambling. a pyramid sceme.

[hypercybermegatron]

Автор сообщения: Dutchgamer1982

Автор сообщения: permanent name

Alright so it’s the same as the stock market.

much worse..

stocks have real value (the assets and neth profit) of a compagny) and give you voting rights over the course that compagny will take.
-I care not what price my stocks sell as once bought they never change hands yet still generate me income. I care only for the annual divident and the chance I get my divident next year too.

crypto has none of that it has no underlying value and on top of that you only bet on them being bought off you for more in future.
and my economic lessons tought me to NEVER aquire assete only to bet on them getting more expensive.

crypto is gabling. a pyramid sceme.

The stupidest thing about crypto is that it will ALWAYS reference the dollar. It's inescapable fact that crypto bros who a trying to get rich are trying to get rich ultimately is real dollars and not crypto, crypto is just a means to that end.

Crypto gains no real monetary interest, pays no real monetary dividends and goes absolutely nowhere in a bear market but down.

Crypto will never be used as a day to day means of buying milk and bread. NFTs are already dead, thank fug for that.

As soon as I saw that Matt Damon jumped on the crypto band wagon I knew it was all over.

Hopefully it continues to tank hard, the harder the better.

Bitcoin is a fake currency made by an inventor with a fake name, Satoshi Nakamoto, and for all we know it could have been cooked up by a number of people with their own devious plans to fleece people of their hard earned money.

It's been deliberately designed to evade regulation, yet people are whinging about crypto being too speculative and losing money on it. Suffer in ya jocks!

[Red]

Wouldn’t it be a good time to buy Bitcoin if it’s low right now?

[Devsman]

Автор сообщения: Futsure Fusion

Wouldn’t it be a good time to buy Bitcoin if it’s low right now?

Maybe. On the other hand, it still has a long way it could fall if it's going to.

[hypercybermegatron]

Автор сообщения: Futsure Fusion

Wouldn’t it be a good time to buy Bitcoin if it’s low right now?

The honeymoon is over for crypto.

Even if Bitcoin sustained it's current USD value the gains won't be anything like early 2021, but there is a lot of panic right now. And because it's a bear market across the board now so that means there won't be risk taking on crypto.

One of the big problems is that some companies took out multi-million dollar loans to invest in crypto and mining. Someone is gonna want their money back, with interest

This silly bugger lost a mere $1 billion dollars.
https://www.cnbc.com/2022/06/14/bitcoin-plunge-spells-trouble-for-michael-saylors-microstrategy.html

So there's a chance that the Bitcoin and crypto in general is on a death spiral.

Bitocoin and cryptocurrency has such a tarnished reputation there's no coming back, it's primary reason for existence now is funding criminal activity, like drug trafficking and terrorism. If you've fallen victim to a malicious software attack and a ransom is demanded, they perpetrators of this crime want to be paid in bitcoin or some other crypto currency.

The next few months might see a flood of used graphics cards on eBay.

[Schrute_Farms_B&B]

Perfect time to buy and thats exactly what were doing since the beginning of 2022.
I hope Celsius keeps on spreading panic like a few years ago.

Sell all your coins and get rid of the evil,
Im more than willing to help you out. ^^
Just add me and lets trade.

[hypercybermegatron]

Автор сообщения: Schrute_Farms_B&B

Perfect time to buy and thats exactly what were doing since the beginning of 2022.
I hope Celsius keeps on spreading panic like a few years ago.

Sell all your coins and get rid of the evil,
Im more than willing to help you out. ^^
Just add me and lets trade.

Better off buying gold or Lego sets. Keep an eye on the collapse of MicroStrategy and the ripple effects.

[Schrute_Farms_B&B]

Автор сообщения: hypercybermegatron

Автор сообщения: Schrute_Farms_B&B

Perfect time to buy and thats exactly what were doing since the beginning of 2022.
I hope Celsius keeps on spreading panic like a few years ago.

Sell all your coins and get rid of the evil,
Im more than willing to help you out. ^^
Just add me and lets trade.

Better off buying gold or Lego sets. Keep an eye on the collapse of MicroStrategy and the ripple effects.

Thank you for your concern good sir, but Im good.
Just keep on hating on Crypto and tell everybody to sell.

I should kind of pay you for your service. ^^