BITCOIN Discussion..........

[rolandcorts]

Why on earth is anyone buying XRP, the absolute worst coin in existence?

 

[rolandcorts]

XRP is like crypto for boomers -- essentially a faster version of the SWIFT system with all the same issues as fiat.

It's something jjgold would like

 

[homie1975]

HODL

 

[jjgold]

it’s just way too much selling pressure to get involved

 

[ktollinche]

The best is to keep buying a bit once a week or so (or whatever your preference is)
And not to get shaken out. If you believe in it for the long term, then the fluctuations are just noise or even buying opportunities.

I believe we will tag the 200 week moving average, which I believe is around 60K

 

[ktollinche]

Why on earth is anyone buying XRP, the absolute worst coin in existence?

Nobody should buy anything other than BTC.... UNLESS you are taking a shot that it will rebound at some point.

I am thinking SOL at 50 or less. ETH at $1500 and below.
AVAX at 5 bucks or so

And split your buy into like 3 parts (because it can always go lower than you think). Say SOL at $50, $35 and 20

 

[flyingillini]

I love seeing this. I own BTC and there is money to be made. But I also think it’s all bullshit but seeing this makes my dad. I absolutely agree with this statement!!

 

[ktollinche]

yep. Saylor over did it.

Was way too aggressive this year. Should have spaced out his buys over a much longer period

(The OGs that bought in '11, '12 unloading like a million BTC is what fukked him (and in the short term, the rest of us)

 

[flyingillini]

yep. Saylor over did it.

Was way too aggressive this year. Should have spaced out his buys over a much longer period

(The OGs that bought in '11, '12 unloading like a million BTC is what fukked him (and in the short term, the rest of us)

People that believe in Michael Saylor are like the Charles Manson followers. It’s cult based. All you have to do is listen to him talk about “conviction” and you know he’s a conman. He was involved with serous fraud years ago too

 

[ktollinche]

People that believe in Michael Saylor are like the Charles Manson followers. It’s cult based. All you have to do is listen to him talk about “conviction” and you know he’s a conman. He was involved with serous fraud years ago too

Agree... How he didnt get liquidated 3 years ago I still cant fathom...

After he told people that they should put a mortgage on their homes to buy BTC, I knew that guy was full of it.

 

[ktollinche]

also he turned his strategy into a ponzi when started offering yield on some of his schemes/offerings.

This can only end one way...

 

[flyingillini]

Agree... How he didnt get liquidated 3 years ago I still cant fathom...

After he told people that they should put a mortgage on their homes to buy BTC, I knew that guy was full of it.

Yep. All you need to hear is one podcast as I said as soon as you hear him talking about “conviction” you either are a sucker and believe that garbage or you know better and know he’s full of shit. Like I said, I have bitcoin and trade a lot of crypto but I’m the first one to say to anyone that Saylor is a joke. I love how Peter Schiff calls him out. It’s great.

 

[ktollinche]

Love Peter Schiff... Another 'method actor'

The last time he was right, W was still President...

 

[flyingillini]

Love Peter Schiff... Another 'method actor'

The last time he was right, W was still President...

Peter Schiff doesn’t make any stupid statements about “conviction” I am very surprised nobody has ever called Saylor out on that. Like what the f*** is he talking about ? Conviction?? It’s pretty comical if you really think about it. I have no interest in Gold or Silver and I know that’s what Schiff is into but he seems like a hell of a much better quality person than Saylor.

 

[ktollinche]

You dig into Schiff a bit, and you gonna do a face palm pretty quick...LOL

 

[flyingillini]

You dig into Schiff a bit, and you gonna do a face palm pretty quick...LOL

I am sure but nothing like Saylor, no way he can even come close.

 

[flyingillini]

You dig into Schiff a bit, and you gonna do a face palm pretty quick...LOL

What’s even worse , literally every single BTC YouTuber and shows , they all talk about “conviction “ it’s like you’re in the Twilight Zone listening to this garbage.

 

[europro]

i hope btc goes to 0 useless shiit

 

[Tanko]

Some insight I've read from Wall Street.

Japan is talking about raising interest rates (due to inflation fears). They are and have been near zero % for a long time. So what?????

A lot of investors have been borrowing from Japanese banks and using the money on investments, one of which is crypto to make money.... Borrow at 0% in Japan and use across the globe and make 8-10%+. This makes sense. The threat of Japanese money not being "free" anymore is driving investors out of crypto and other markets to shore up cash reserves and head into gold/silver.

This might be part of the explanation for the drop since October but, not the entire answer.

 

[Ace7550]

Interesting read and pretty scary. Nvidia is valued higher than Apple and Google...
https://shanakaanslemperera.substack.com/p/the-algorithm-that-detected-a-610