I was thinking i would rather own a Tulip than crypto, at least with a Tulip i can water it and take photos to put up on Instagram.
Pretty easy to bash crypto now. IMO it would be smart to start studying extra hard, and get rich next time.
I've been bashing crypto for a long time, not just now. You got to give me credit for that? I started off liking it back in 2015/16 and went balls deep, then I realised it's all BS.
Imagine what will happen when people realise/accept that Tethers (or other stable coins) don't have enough assets to meet its liabilities. Then when people want to go to safety the only option will be to cash out, instead of going to another BS stable coin and keeping the crypto market cap stable.
I think of it as soft, mouldy, stinky washed-rind cheese. Pure heaven when it's ripe and you can get fat on it quickly. I have a trader's mentality on this btw. When there's money to be made who cares what it is.
One more certainty after death and taxes is that anything and everything will be bashed on Silver Stackers - the irony being that so many who reach here thinking they've achieved 'monetary enlightenment' are still victims to emotional grouchiness and euphoria as much as any other market participant. Really helps ground your convictions but also stifles any progressive discussion at times.
Socrates, apparently. And it really depresses me how little I know, and how much less I'll know as time goes on.
We should quit while we're ahead, that way we are left thinking we know something. Imagine if we all stopped learning after uni, then in our heads we would know everything.
Get out of all things crypto. FTX.com going Kaput is nothing Alameda will go Kaput in days and is ALREADY selling selling selling all good and shit coin all are on firesale FTX.us will be be history next week Around 7pm today there will be cliff fall
Print some cryptos, make some $$$. Everyone is doing so. All money have been taken out from FTX Exchange. ( This is where it went wrong. ) Customers come and liquid their Stash but there are No Liquidity. ( No Cash ) The Exchange cannot Fulfill the Liquidity. How many more Exchanges Out There??? That cannot Liquid this?? The List will just goes on. In the end this problems arise.
IMO the key difference is at those points in time the market was tiny. Crypto is mainstream now, you can't just get a trillion dollars pouring back in after a washout to get back to the previous high. It's going to take a bucket load of confidence to get all that dumb money back in.
sure so arguably had a much bigger effect at the time. people have a short memory that btc was trading below $9k just a couple of years ago. the dumb money will be back for the next cycle, if anything its good to wash these centralised crooks out of crypto.
I'm getting the impression that we're seeing a market that is far more resilient than some believe possible. Doomsday has once again been averted. Overall still down for the week but the softer than expected CPI figures have overshadowed the fallout from FTX. BTC rising while a couple of notables SOL (up 38%) and MATIC (up 40%) in the last 24 hours - that's huge, the biggest gains of the top 100. No doubt the FTX drama still has time to play out. I'm still holding back, FOMC meeting Dec with jobs data to be released on Dec2 prior to that meeting.
Probably should distinguish between "crooks" and "centralised". There will always (and should always) be a place for centralised providers in the market to offer services to those learning to become tech savvy, for regulatory reasons etc even in a sector built upon the philosophy of decentralisation.
yeah definitely for on and off ramps, its very hard to avoid centralised providers. certainly for trading and lending theres a huge case now for decentralised exchanges, uniswap has worked flawlessly during this whole ftx drama.