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Also it doesn’t matter if this time is different due to QE, business cycle, super duper bull run. What matter is the 4 year cycle has occurred and TREND is FRIEND till END. Well it ain’t the over yet so expect the trend until the end. Simple.
Ive got to say it again because this entire thread is filled with false info: Yes, 30% PULLBACKS are normal in a bullrun. A pull back is NOT the same as a DROP in OVERALL price. 30% drop in price is not normal for a bull market 🙃 a bear market is typically defined as a 20% reduction in price from recent highs. So by very definition of the word, the is NOT A BULL MARKET. One of those arrows points to a drop and identifies it as a 38% PULLBACK. That means that the price pulled back from its recent high RELATIVE TO ITS PREVIOUS LOW. THIS IS NOT THE SAME AS A REDUCTION IN 38% OF THE OVERALL PRICE. A 38% DROP IN PRICE WOULD BE FALLING FROM 100K TO 68K. THAT'S NOT A PULLBACK DURING A BULL RUN; IT'S CAPITULATION. Look at the chart and think about it visually. Do any of those drops look like even a 25% drop in overall price?? The answer is a painfully obvious NO. That would show price falling 1/4 of it's total value... You don't see a drop like that at all in this chart until you look past the high... where there are no arrows drawn... The person that posted this shit is either maliciously misleading people, or hes a fucking idiot and shouldnt be posting. There is a HUGE difference between a pullback and a drop in overall price. Now look: did you buy bitcoin because you thought it was a good INVESTMENT? if so, you should be seeing lower prices and realizing you're seeing price become discounted. That's great news if you're INVESTING. It should motivate you to buy more. Did you buy BTC because you thought you'd get rich quick? Sad news, it's not 2009 anymore. Best advice 99% of people on this sub can read: STAY AWAY FROM LEVERAGE. if you're a trader -- quit trading against the trend (bear market has very clearly begun, though that doesnt mean it wont turn around), learn to manage your risk STOP LOSS IS YOUR BEST FRIEND, learn about the 4 year cycle and realize we will likely see declining prices for the next 1.25-1.5 years until people begin loading up for the next halving (this is never a guarantee, institutional adoption and big payers can mean market manipulation chance increases... but also, institutional investors are smart. They understand supply and demand, and will likely make the loading up phase move prices earlier and faster) , if you're investing learn what investing means and learn how to get excited about discounted prices -- learn to ignore the rest of the nonsense i talked about earlier and most importantly LEARN TO DIVERSIFY.
Trump doesn't even know what bitcoin is, he established a bitcoin reserve and loves crypto because he puts "Trump" on a coin and makes a million dollars a week. Elon and the alt-right tech bros love crypto and support Trump so now Trump loves crypto. Stable coins don't apply here, they're not much different from paying in gold or silver or a prepaid visa debit card. My positions are simple, bitcoin will never replace fiat currency, and it is only more useful than fiat currency for committing crimes, especially across international borders. Why is bitcoin at $110,000 right now? Because people think it will replace fiat currency. Why does the average netizen support bitcoin? Because "I SHOULD BE ABLE TO SEND MONEY TO MY FRIEND IN MOLDOVA WITHOUT ANY BANKS OR GOVERNMENTS KNOWING!" = a crime in and of itself, never mind what it ends up getting spent on. > I can only repeat myself: Bitcoin is an open network. If somebody wants to use it, they can. Does not matter for what reason, nobody cares. And here you are advocating for crime again. Governments care that it's not being used to fund terrorism, for example. W/e it is what it is. "This is good for bitcoin!"
BEST COMMENT I'VE READ ON REDDIT IN YEARS, MY FRIEND! No seriously, it is. Love the way you opened. You don't have to buy a house to live in one, either! ROFL!!!!!
If you haven't worked since 2017, you still dont have to, you're happy and your family is set, YOU MADE THE RIGHT DECISI9N MY FRIEND. CONGRATULATIONS 🪅🎉🪅🎉🪅🎉🪅🎉
buy in the red .. sell in the green .... GOOD JOB MY FRIEND
>Friend.tech relied on a token with no real utility. The idea behind my app is different: there’s no useless token — just stablecoin payments to unlock private content. Actually Friend.tech didn't launch $FRIEND until it had already been around for half a year. It did have keys for each room, but those keys were used for access. Not sure replacing the keys with stablecoin payments really changes anything, arguably makes it worse. >The goal of the platform is to make it easier for new investors to find reputable market analysts they can follow, based on transparent, reputation-driven metrics. Obviously that's the goal, but it means nothing without some semblance of how are you planning to accomplish it.
lol what a weirdly passive aggressive rollercoaster of emotions Don’t take my condescending tone as my condescending tone, you hella ass truthfully, but HI FRIEND, GLAD YA MADE IT! try being less horrific at how ass you are, SO GLAD YOU CAME, I BROUGHT COOKIES IF YA HUNGRY I felt like I’m trying to bang the girl with BPD who’s in the “save yourself” range on the crazy/hot scale.
1) Buy a hardware wallet 2) Research or ask on here how to use it 3) Don't trust ANYONE on here - not even me. Especially not me. 4) No DM's. If you have a question, have it asked and verified by people on here. All public. 5) DO NOT TRUST YOUR FRIEND MATT TO HELP YOU RECOVER THE COINS. HE WILL STEAL THEM AND PRETEND THERE WASNT ANYTHING TO BEGIN WITH AND YOU WON'T HAVE ANY RECOURSE. 6) My condolences for the passing of your husband.
1) Buy a hardware wallet 2) Research or ask on here how to use it 3) Don't trust ANYONE on here - not even me. Especially not me. 4) No DM's. If you have a question, have it asked and verified by people on here. All public. 5) DO NOT TRUST YOUR FRIEND MATT TO HELP YOU RECOVER THE COINS. HE WILL STEAL THEM AND PRETEND THERE WASNT ANYTHING TO BEGIN WITH AND YOU WON'T HAVE ANY RECOURSE. 6) My condolences for the loss of your husband.
Or he lend money to a "FRIEND" 😊
tldr; Cryptocurrency influencer Machi Big Brother lost $16 million on a $17 million investment in Friend.Tech (FRIEND) tokens. Initially purchasing 11.1 million FRIEND tokens for 5,200 ETH ($16.7 million), the investment's value plummeted to $0.7 million following a sell-off. This loss followed a decision by the Friend.Tech team to abandon their smart contract control, effectively ceasing operations within a year of launch. The FRIEND token's value has significantly dropped, highlighting the risks and volatility in the cryptocurrency market. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Friend.tech's FRIEND token plummeted over 30% to a new all-time low of $0.059 after the team transferred control of its smart contracts to a burn address, effectively ceasing operations. This move ended the platform's ability to update or fix bugs, just one year after its successful launch. The project, which allowed users to buy and sell shares of social media profiles, had initially attracted over 100,000 users and generated over $2 billion in revenue. The FRIEND token's market cap has since crashed from around $233 million at launch to $5.6 million. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tldr; Friend.Tech, a decentralized social media protocol, transferred control of its smart contract to Ethereum’s null address, effectively ending its control over the project. Despite initial success, the platform's popularity and revenue plummeted, with only $21 generated in the last 30 days. The native token FRIEND also dropped by over 47% following the announcement. Challenges such as sim swap attacks and mismanaged plans contributed to its decline. The move has drawn criticism from the crypto community, with some viewing it as a failure to develop a genuine social finance project. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Don’t change your statement on how it changes things for Polygon in the current timeline. We were NOT TALKING about Polygon ZK-EVM, we were clearly discussing on how Polygon is not an L2 (in your world of understanding) This is like saying, ohh Polygon’s native token was never MATIC (if you are aware that they are going for a rebranding) So I don’t need help with my understanding “FRIEND”
FRIEND ([has done a 2x since I made this comment 3 days ago](https://www.reddit.com/r/CryptoCurrency/comments/1cius3n/daily_crypto_discussion_may_3_2024_gmt0/l2fueyu/)) and RSC