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Off-Topic discussion about Bitcoin and cryptocurrency.
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Our arguments are invalid.
Yes I've seen an interview with her, she said that during the bull run she did very well (that's how they could buy the new fridge and kitchen), but once the price started going down things weren't so good for her. That's the problem with such a volatile currency, it's a rollercoaster.
@richardyot
listen what is this fucking montain of fat saying ... are you still not scared of near future ?
Do you have a link to the full interview? I have no idea what the context of these comments is.
don't have link, but i guess it will be somewhere on youtube, i'm sure you'll will find it :-)
context was he was talking about need of CBDC ..
i think what he is very clearly saying here is horrible in any thinkable context, to be honest i don't want to hear any more shit comming out of mouth of this disgusting Jabba Hut creature .. This thing is true supervillain...
Good video on Binance:
Ok regarding leversged tokens, this is official information on Binance pages and this is why i never touched them. Dumb people are responsible for their loses. If i want leverage, i use futures.
He is mixing together two unrelated things - leveraged tokens and futures. Totally unrelated. As i know that problem was just related to leveraged tokens (it is visible on charts)
Regarding platform crash - well this happens in moments of high volatility sometimes also on other exchanges. If i good remember there was one crash in january, caused by not Binance itself but by Amazon AWS (where are Binance servers hosted)
In general - when platform stops responding due to high traffic - people who are using stop losses and take profits are untouched by such events - if price goes against your position, it is automatically closed with minimal loss.
So again - crypto learn people think, learn, manage risks, take responsibility for own decisions.
Unfortunately, pepple are lazy to learn, they want high profits with minimum risk and when somethig goes wrong (often because of they did't managed risks properly or did 't learned enough to understand platform they're using) they stay cry for regulors and throw lawsuits. Pathetic.
In general, i'm using Binance last 6 months - spot and sometimes futures - and i'm very satisfiend. I like their mobile app. Except of two cases when patform was not accessible for short time due to high volatility, no problem. Because i use stoplosses and takeprofits, didn't experienced any loss.
lol this guy is epic :-))) he is critisising crypto for scams and then he creates scamcoin on uniswap, to scam his followers lol :-)))))
2:30 "i'm genius" ... lololol .. this dude is unbelievable lol .. still not sure if he is serious or ir is just trolling..
one more thing about Binance and leveraged tokens.. if you try trade them for first time through their platform, they even run for you Quiz with 11 important question (see example screenshots bellow) to make sure you really understand how they work and what are their risks... Of course dumb greedy people just click cancel. This is biggest weakness of crypto - dumb people who doesn't learn but then cry for help.
That guy is serious manipulator, so far he looks to me like same kind pf person like infamous Mr.Whale - that type who doesn't directly lie, just doesn't say everything, instead of just cherrypicks partial information which fits his narrative and agenda.
More Binance FUD:
https://gizmodo.com/32-angry-consumer-complaints-to-the-ftc-about-binance-1847200156
They've had 760 complaints since June 2020, the article says. Out of 13.5M active users, it doesn't seem so bad? I'm not saying those 32 complaints don't warrant investigation/apologies/recompense etc.
I'm shorting Binance Coin at the moment, but it's going up. fingers crossed, eh?
Sure, a few people are being frozen out of thousands of dollars or more. No big deal. 🤷♂️
You know that in 2014 people were saying very similar things about Mt Gox: don't worry, just glitches, it's anecdotal etc...
https://www.wsj.com/articles/binance-froze-when-bitcoin-crashed-now-users-want-their-money-back-11626001202
Good Twitter thread 👇
More FUD on Binance and Tether:
https://startupsandecon.substack.com/p/bitcoins-end-tether-binance-and-the/comments
Some great tweets from one of the creators of Dogecoin (it's worth reading the whole thread):
Good to know the US Government is finding ways to get a piece of the pie. https://www.cnbc.com/2021/08/04/irs-has-seized-1point2-billion-worth-of-cryptocurrency-this-year-.html
This is an outstandingly entertaining read (safari reader view recommended to deal with ads 'n shit):
https://www.bloomberg.com/news/features/2021-10-07/crypto-mystery-where-s-the-69-billion-backing-the-stablecoin-tether
Favorite quote:
(You have to read the article for background for that quote to make sense.)
The whole article reads like an executive story-arc presentation for a Netflix series. 😂
Yes, this was on the front page of Bloomberg. Let's see how much longer the scam can go on for.
I've been doing pretty well with my crypto investments recently. As it's Xmas i thought it would be nice to do a little giveaway of 0.1 $tem - currently worth about 90 bucks. If you win and don't know how to crypto I'll happily walk you through how to set up a wallet in minutes. At first i didn't think to post this here, but since there are so many artistic souls here and the giveaway is based on writing a haiku, I thought, why not!
Details here:
I casually follow along with no skin in the game but it sounds like it has all gone a bit crazy out there?
Although volatility among cryptos continues (and it is not expected to stop anytime soon), crypto values are rising and falling in tandem with the stock markets now. That was unexpected.
I'm rather unhappy to have been right in my assumption that my crypto investments wouldn't act a heck of a lot different from the market as a whole. I ended up with about the same average return from my really modest crypto investments as the rest of my ho-hum investment history this past year. I made about 24% on Etherium before getting out, and am currently at -7% on Bitcoin, thinking of cutting my losses before it gets worse.
Given the sad state of most of my other investments right now, that ain't bad.
I don't know if it's been a year or not since @richardyot predicted total
collapse and I (jokingly) predicted I'd own an island. Pretty much a draw if you ask me.
If I may... Don't sell your Bitcoin. Hold for the long term with that one. If both stocks and cryptos continue to rise and fall in tandem, they'll eventually go up again. From where I stand, I'm seeing more countries which are interested in allowing Bitcoin to be treated as a currency within their borders. It won't just stop with El Salvador.
Hey I thought this thread had been sunk? I was very surprised to see it re-emerge on the front page.
Total collapse is still coming, but Tether needs to be unwound first. The market is heavily manipulated by insiders, and as long as they can prop up the price of Bitcoin, crypto will survive. None of the fundamentals have changed, it's still a ponzi, but some people will get lucky in the casino.
What are your opinions about investing in crypto NOW?