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Y'all still like the concept?



NOT being a smartass here...

Is it a buy? Or is tied to the aggregate collapse?

Many predicted that as the dollar imploded... Bitcoin would rocket.

What's behind it?

Not yet.
It'll go to 27.5 before it hits bottom.

Like every investment, it is a gamble. The other opportunity with blockchain, is trading within that universe. I have been trading between Ethereum and Solana with interesting results. But I am using a market advisor who knows faaaar more about cryptocurrencies than I do.

I see it more like a commodity than currency.

I think 20 ish let's go Brandon

Americans are still in denial that everything will crash and get worse

Basically, the big bitcoin holders are liquidating their positions....

Dimocraps.

Buy at $20,000.

Probably the truest words ever spoken on the Fire...

So, it goes to 27,500 before it goes to 5,000?

It's backed by Beanie Babies and Dutch Tulips.

Someone or Some country is gonna yank the rug out from under that ponzi scheme eventually. IMO

What is tangible in the whole thing when ya think about it???
Besides a cash out on it at times
Never have completely understood the crypto currency thing being basically binary code stuff and how you can buy a portion of it


It just seems like a shell game with nothing their that you can transfer other than actual currency at buy low and sell on the rise.

I just cant comprehend it other than a big ploy invented to lure people into something that exist in 1,s and 0,s


I dont invest in stocks so I'm a neophyte in my understanding of cryptocurrency.

Schit went up to 60 65k or more per "coin"???

People were buying it still at that price
Now down to current level.
People have lost their azz on it I geuss.
But who made money on the rise and drop of it with transfer of actual currency???

Just hard for me to fathom buying something or investing in something you cant actually see or touch or know it exist???

Cryptocurrency from an international perspective is very valuable as it cuts through the arbitrage schemes/shake downs by foreign banks. Having the ability to move funds around the board without incurring excessive fees has its advantages. Therefore, it will always have value and a place.

I would love to see both equities and crypto pull back even further. More buying opportunities will present themselves.

My opinion. I realize people have made money on it, just like every other ponzi scheme, it's just a matter of who gets left holding the bag. It has no real value, I'm with Warren Buffet on this one.

Agreed Rene!

It’s like the “Emu Farmers” in the 80’s. They all lost their asses eventually.
The only difference is that at least they could eat their worthless emus.
Most didn’t though. They just turned the damn things loose so they didn’t have to buy feed. 🤪

The narratives espoused by some that crypto is a store of value like gold and that it is an inflation hedge do not appear to be holding up at this point in time. At this point it appears to be more like stock, where opinions and psychology can have a huge impact on prices.

Ill probably pick up more eth if it drops below 2,000. There wll be a lot of purchasing opportunities by end of year if prepared

Bingo!

10 years ago I was walking the dogs with the guys every night to the grocery store.

One of the guys was a 30 something software engineer who was mining bitcoin.

Up until then he was a renter. He used my gunsmithing mill and lathe to build an R2D2 robot.

As a result of Bitcoin he bought an expensive house in a low crime suburb of Seattle .. and he bought his own mill and lathe.

You beat me to it... from a high of $60K some time ago, it's now about 50% of that, and probably not done dropping...

You're exactly right - it's a ponzi scheme... I'm glad somebody made some bux on it, but I wouldn't touch it with a ten-foot pole..