Where your hard-earned money comes to die. Home.
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REMINDER: BTC is going back below $1k. ETH below $30. Alts to ~$0. Not flame.
| frum yarmulke | 03/17/18 |
| Glassy stubborn menage party of the first part | 03/17/18 |
| Misunderstood people who are hurt | 03/17/18 |
| frum yarmulke | 03/17/18 |
| adventurous kitty cat | 03/17/18 |
| frum yarmulke | 03/17/18 |
| confused area pocket flask | 03/17/18 |
| Glassy stubborn menage party of the first part | 03/17/18 |
| frum yarmulke | 03/17/18 |
Poast new message in this thread
Date: March 17th, 2018 2:15 PM Author: frum yarmulke I am 100% serious. You think this is bad? It's going to get much, much, much worse--and if this "market" ever remotely recovers (which is a big "if" and I personally doubt it), it will almost certainly take years. Get out of the market now while you can still salvage something. Don't chase your losses down to zero. I liquidated my ~$70k holdings (down from >$130k ATH) at a slight loss more than a month ago, and I'm glad I did it and haven't thought twice about it. Getting into crypto in late 2017 was a huge mistake, and the first step is acknowledging it rather than digging in and being obstinate as you continue to bleed out. (http://www.autoadmit.com/thread.php?thread_id=3921372&forum_id=7#35626281) |
Date: March 17th, 2018 2:22 PM Author: Glassy stubborn menage party of the first part (http://www.autoadmit.com/thread.php?thread_id=3921372&forum_id=7#35626306) |
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Date: March 17th, 2018 2:27 PM Author: Misunderstood people who are hurt ur post convinced me just sold everything thanks (http://www.autoadmit.com/thread.php?thread_id=3921372&forum_id=7#35626328) |
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Date: March 17th, 2018 2:36 PM Author: frum yarmulke I hope for your sake this wasn't sarcasm. (http://www.autoadmit.com/thread.php?thread_id=3921372&forum_id=7#35626395) |
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Date: March 17th, 2018 2:29 PM Author: adventurous kitty cat nigger. (http://www.autoadmit.com/thread.php?thread_id=3921372&forum_id=7#35626345) |
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Date: March 17th, 2018 2:37 PM Author: frum yarmulke I'm really sorry man, I lost money in this too and I was hoping this would be my ticket out of wagecuckery just like the rest of you--but it isn't, and it won't be. (http://www.autoadmit.com/thread.php?thread_id=3921372&forum_id=7#35626398) |
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Date: March 17th, 2018 2:57 PM Author: confused area pocket flask you might be right but you’re just making conclusory predictions without any rationale. the same fundamentals (or lack there of) existed throughout these parabolic spikes. what’s changed besides your sentiment (besides a much bigger pool of potential investors)? even if this is all headed to 0 in the long run, how do you know that it’s soon?
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Date: March 17th, 2018 3:07 PM Author: Glassy stubborn menage party of the first part There are 0 fundamentals. None of this has any practical value or real world use. The price run up was pure speculation tea leaves shit. (http://www.autoadmit.com/thread.php?thread_id=3921372&forum_id=7#35626556) |
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Date: March 17th, 2018 3:13 PM Author: frum yarmulke My little homie who responded to you is correct. This tech is 8-9 years old, and so far there are basically zero real-world use cases that matter (i.e., that could be scaled to even approximate a ~1T market cap). Blockchain tech itself may have a future, but "cryptocurrencies" will remain niche and die a slow death. The real difference between now and a year ago is that they have now had their moment in the "mainstream sun," a lot of idiots got badly burned, and as a result the speculative run up won't repeat itself again on the scale that we just saw. For all intents and purposes, this show is over. And before you saw "b-b-but my institutional investor money!" realize that the market needs to hit ~1T *before* it will really become attractive to institutional investors. And in order to hit ~1T, you'll need a lot of new money coming in from average joes looking to speculate. But see above for why there's no good reason to think that will happen again at this point. Which is why cryptocurrencies will instead just wither and die back to a meaningless niche thing. (http://www.autoadmit.com/thread.php?thread_id=3921372&forum_id=7#35626581) |