Seems like Bitcoin price has been ARTIFICIALLY tanked by hedgies short-selling crypto-linked ETFs... But guess what? SHORT-SQUEEZE is coming when those f*ckn hedge funds will need to cover their short positions (already by Fri, 15th of July) by BUYING IT BACK!!! Please STAY PUT! WE WILL WIN!!!
This is the way. Don't look back - you're still early. Make sure you invest in a hardware wallet and STORE YOUR SEED PHRASE OFFLINE IN A SECURE LOCATION. Also, ensure you use a password manager such as Bitwarden with unique and strong passwords for all your accounts and enable 2FA TOTP for everything. \*\*DO NOT PUT YOUR SEED PHRASE IN THE PASSWORD MANAGER\*\* don't share it with anyone, but do document a succession plan for a loved one. Other than that, enjoy the ride. Welcome aboard.
I can pretty much assure you what happened (because it happened to me, but I had no bad outcome). Keepass (what is being called a 'password manager') is 100% secure. However the password to KeePass was something like "Bitcoin" - which yes, can easily be brute forced and KeePass doesn't stop brute force. The hacker got his keepass file from his harddrive... this is extremely hard to do (in normal circumstances) - EXTREMELY hard... except Microsoft now 'auto syncs' your entire hard drive using One Drive - unless you aggressively deny it (I do). Google Drive *can* do similar. So basically I can almost assure you the 'dad' clicked the default options on windows install - which steals all your Bitcoin keys / self hosted password managers. Now Microsoft is setup (again by default) to let you get all that easily from anywhere in the world.. F'ING GREAT! All you have to do is reset your password - which can be done by text or email. He would have known if his phone was stolen, so they must have cracked his email. Again, emails are similarly setup to open anywhere in the world via text or email to some other old email. Another possibility is reused passwords - like your home depot password is your email password as well.. ALL BITCOINERS MUST SET UP --- EMAIL --- TO 2 FACTOR AUTHENTIFICATION. This will stall a hacker a least a day. In my case, they had been targeting me for months / years, with advanced 'phishing' emails (use of real name, business intent, possibly legit files to 'download' etc). I fell for none of this. Eventually they stole my phone (using a T mobile Israeli office - they steal your phone number, not the device, also called 'sim swapping' - but it's fully remote and you can't *really* stop it - any $10 hr worker anywhere in the world can defeat you). After stealing my phone - they reset all email passwords and financial accounts - using 'text to phone' to override - and then 'text to email' once email was secured - this basically breaks into everything in the world. And while doing all that - they also IMMEDIATELY - hacked my G Drive, One Drive, Drop Box, etc. and grabbed everything there (this would be where people keep their KeePass or BTC seeds). > I'm personally not huge on 'self storing' - as a similar incident where my dad was the backup - he threw the USB drive 'into the junk drawer' - and then the paper with all the info in a book.. that he gave to the library.. - IF you give parents / relatives a hard copy of BTC info - PUT IT IN A SAFE - not because it's relevant, but this prevents them from easily losing it. Also my dad had movers grab all his stuff one day, and if they grabbed USB drives he would have never noticed for months... a Safe is the only real way (don't even give them the combo if it's a 'only if you die' tool - this is particularly good for spouses / friends). Anyways - from the time they Sim Swapped me in Israel (9:30pm on Friday) - to the time they had downloaded all cloud files and cracked all related websites - was 5 MINUTES. Five minutes.. In my case, I don't use any cloud storage, immediately delete / uninstall OneDrive (as I understood the risk years ago), and my G Drives... well I got 6 of them. My main one is not with my main email, etc. The only financial account they got was Coinbase - and even though I notified coinbase as fast as humanly possible - coinbase DID allow them to sell my BTC for 'penny stocks' - as whitelisting doesn't stop that... in this case, the penny stocks did better than Bitcoin over the 3 months it took for CB to give my access back.. all the while deny I have any money at all.. the hackers submitted 'verified ID' (fake licenses / passports) at roughly a rate of every 30 minutes, over a 7 day period. > They only way to notify CB is to buy a burner phone, setup a new account, and then call CB from your burner and wait 3 hours explaining it to some fuck stick moron who can't speak english. I carry burners on me, and was at an airbnb with no wifi - so not only did I lose signal (which you really wouldn't pay attention to generally, could be storm / tower, could be anything, and your phone doesn't notify you) - but I also lost internet because no wifi - that's why I responded so fast - I notified Coinbase within 30 minutes. Coinbase refused to take any action for 3 hours. !!! - and then only agreed to halt trading after 1 week of me calling them constantly - EVEN AFTER they noticed the identity theft.. But the basic steps to stop this: 1) Don't do any 'auto sync' cloud storage stuff, delete One Drive like it's cancer. 2) Setup email on 2FA - Google Authenticator to crack (TONS less secure now that it is auto cloud'd). 3) Develop a 'unique' password system. This is easy. Think of a word - let's say Bitcoin. Then think of numbers - let's say Bday 4 social - then the website you are on - then special letter. Then shorten the word from Bitcoin to B. So it'd be like: B0115794321Reddit* Nobody is ever cracking that... 'long and crazy' is a small part - the MAIN THING (I use to run with hackers) is the UNIQUENESS "Reddit" - you can't use a bot to auto crack passwords if they all unique. And if you don't know, for $5 I can bet like the top 5 commonly used passwords for every reddit users / and their linked accounts. It's just like a $5 / month fee to get access to all passwords ever leaked - with very good 'networking' (list of websites used) information - only unique passwords stop this. > Another possibility is they hacked the Microsoft account - and his windows profile was set to 'roaming' (again, another bat shit stupid default you must deny) - when set this way, I can duplicate everything on your desktop anywhere in the world in seconds. This is probably more likely than the OneDrive crack, as hopefully the dad would have stopped OneDrive but wouldn't have even known his profile was set to 'roaming' as it's completely pitched as a 'security' feature, when it's the opposite. The hackers have 'hacked' my Microsoft account like 30+ times. This is the only account they hack repeatedly, that and Instagram for some reason lol - ahhh... probably looking for blackmail. 4) Any true self storage needs to be on USB / not your hard drive - keep it disconnected by default, and in a safe so you can't misplace it with ease / 'internet repair guy' steals it and you don't even notice, etc. 5) Keep a VOIP, burner phone handy - know how to use it. I was traveling, and all T mobiles were closed next 2 days (weekend). Without burner I couldn't uber, or do a million other things... 6) You can't really trust anyone else to understand the importance of not being careless. Either buy them a safe... or don't trust them. Dude is blaming his dad (get it) but other than the super easy KeePass password, the rest 'could happen to anybody' and 'f you' for trusting someone else with your life.. even if pops. But ya, my pops made it easy and obvious to me not to trust him haha. Girl Partner did the same, she can barely install windows - I'm positive all her files are OneDrive / remote user profile'd. 7) Your biggest enemy is the internet. You could have a poster board with your seed phrases on it, and go 20+ years without a theft. Anything connected to the internet, getting hacked by anyone world wide... give it like 3 weeks. Paper - physical safes - are your friend - computers are NOT your friend. That's about all I can think of. And (obv) set everything to 2FA rando number code, if it's email or financial. And be aware that these fuckers who shove shit coins with no true market down your throat - basically make whitelisting pointless. You should be allowed to DENY trading into this 'hacker scam' coins - but you can't - so be aware of it (if I have BTC and can not withdraw... I can buy 'SHIBE' or similar penny stock 'at market' - while selling my SHIBE on another website... and effectively I've withdrawn all the funds, and bypassed whitelisting... with some 20% loss or so). White listing should also apply to all coins / markets you don't actively engage in, IMO. But ya, KeePass is safe - this issues is *most likely* a Microsoft 'auto update to cloud' system - and then 5 mins later cracked open - and the user / dad never notified at all.
I would just like to add something : Who ever is reading this please take it easy on checking your bitcoin movements, its ok to take a break, its ok to go outside and enjoy with loved ones. Remember Bitcoin still be there when we get back, but time with our loved ones will only be around for so long. just take breaks as well is what I am trying to say. Do well my fellow bitcoin people and always put money that DONT need. NEVER PUT MONEY THAT YOU DO NOT HAVE! Peace my fellow bitcoiners! :)
Where is this thumb drive? Do you have possession? Is it an opendime? Does it look like the product in this link? https://opendime.com/ If you do have possession, see if there's a list of words on there, or a private key. DO NOT SHARE THIS INFO WITH ANYONE ELSE AND DONT PUT IT ON AN INTERNET CONNECETD COMPUTER. If you leak that key, you can lose all of it. Here's a good place you can start to understand seed words and wallets. https://bitcoiner.guide/qna/wallets/
It’s called a HEDGE. Do they think people who’s primary goal in life is to make more money are just going to sit by and watch other people make more money? No way. Esp. when crypto has made people millionaires from $100 investments. One important thing to remember. Just bc Blackrock and other investment firms are in, doesn’t mean it’s a sure bet. They’re just hedging. Most of the funds are in traditional investment classes. Be sensible with your own investments. What am I saying… PUT IT ALL ON HARRYPOTTEROBAMASONICINU COIN BABY!!!
Any potential shilling or lack there of of the mentioned technologies aside, one of the main issues when it comes to Blockchain storing data and being a defacto DB comes from its immutability. Sure, it nice when something can't be covered up, but DB's have UPDATE, PUT and DELETE options for a reason. Let's say there is some sort of digital profile on the Blockchain tied to you, showing the basic info of an ID. What happens when you move towns and change your address? A wife chooses to pick up her new husband's name or add it to her family name with a hyphen? Hell, what happens to someone who transitions and wants to change the gender on their ID as well?
THANKS TO EVERYONE WHO PUT DOWN A PIXEL FOR US! It was amazing to see us come together in the end despite getting wiped out. A special thanks to anyone who may not be in the final canvas, but helped along the way. You guys were the building foundation, and it's because of you guys that we were able to get on the final canvas.
The U.S. Securities and Exchange Commission told the Nasdaq and Cboe exchanges that recent filings from BlackRock, Fidelity and others for spot bitcoin ETF funds weren't "clear and comprehensive," the Wall Street Journal reported, citing people familiar from another article, but WHAT THE FUCK clear and comprehensive?!?!??! maybe if the SEC sat down w congress and PUT SOME FUCKING REAL RULES/REGS in place, CLEAR, and they'd be able to!
That's amazing. What's crazy for me is, like a week before the freeze, I PUT IN 5k dollars to pay off a celsius loan that I had. If I didn't pay that loan, I would've had 5k more dollars to my name..... ugh crazy crazy world. I remember when I first found Celsius in 2020 I read every single word on their website to make sure it wasn't a scam. Those AMA's...... Alex knew exactly how to psychologically manipulate.....
You know what’s interesting? I have been in the crypto world since 2016, back when bomb coin (1st deflationary coin) was announced and the fall of Bitconnect. I don’t think I have ever seen governments or any laws go after or limit the use of a cryptocurrency like how XMR is being pushed off or banned. Like SERIOUSLY NO COIN HAS EVER HAD THIS MUCH ACTION PUT AGAINST IT
>Multisig is for when you want multiple people to have to sign off on transactions. For an individual its pointless. not true. a single entity might be using it for a legacy plan. or just for the peace of mind of a highly secure future-proof cold storage. >. You can look at the client software and see there is no logic for handling seed or key extraction. Easy. easy? is this an /s? if you think that reviewing code is as easy as looking for a uint8_t seed variable and a http.PUT you are very wrong. are you telling me that you did personally review the whole trezor + trezor suite sources? if you didn't, then you are still trusting third party reviewers. >Ledger is closed source. So buy something else unless you want to have to trust Ledger. you probably didn't read the post content at all. whole point of it is that there is no need to buy another device if you have a Ledger Nano. you can keep using it in on completely disconnected computer to sign PSBT even if you don't trust Ledger, because there is no way to possibly extract anything from it. using a isolated environment to sign is an easy fix for any situation and it doesn't require trust in third parties, specialized devices or extremely complicated source code review.
> 2024: PUT EVERYTHING IN PAPER WALLETS ITS THE ONLY WAY I mean if you are not using your crypto, creating your seed on an airgapped, clean device and then writing it down and best probably also in a steel back-up is a valid approach. probably the best and easiest approach.
Just wanted to say for the record that I am NOT a scammer and I am NOT trying to promote the group. I know with 100% certainty that there is a scam going on, I just wanted to know exactly what the scam was. DO NOT PUT MONEY ON THE EXCHANGE.
PUT IT INTO SILVER. In 10 years that $500 could be $50k. No joke look into it. The price of silver is sooo much lower than it should be. There’s less silver above ground and all technology needs silver to operate. It’ll never go out of style and when it goes back to the price it should be it’ll be worth it
\-6 Triple check addresses before sending a transaction \-7 ALWAYS send a test transaction with minimum withdrawals limit \-8 no matter what you see or what you do, DONT PUT YOUR SEED PHRASES INTO WEBSITES \-9 Buy high sell low
While we’re in a tangential subject, I’m going to put this here: ***PUT YOUR KEYS IN YOUR WILL***. (And if you don’t have a will, just write down a last wishes document and put it in a folder marked WILL in your desk drawer. ) Want to know the only thing more tragic than dying unexpectedly? Dying unexpectedly and having all of the value you’ve amassed from investing not benefit anyone. Not you, who died before you could enjoy it. Not your spouse or kids. Not your parents or friends. All irretrievably gone forever. Commit your wallet IDs and Keys to hard copy, but them in your Will, and have the piece of mind knowing that you aren’t wasting your time doing this in the event something bad happens.
>THIS BILL IS NOT TO BAN TIK TOK, IT IS TO PUT A COLLAR ON THE INTERNET. IF THIS PASSES, WIDESPREAD ADOPTION IS NOT ONLY GONE FOREVER FOR THE US BUT IT’LL CONSTRICT GENERATIONS TO COME FROM BREAKING THROUGH THE GOVERNMENT’S FASCISTIC WAY OF DISCERNING WHO AMONG US ARE CRIMINALS BY OUR DATA. Keep going - screw these clowns
Yeah, I remember in later math classes, that 92 was banned, and they would look through your calculator otherwise. It's just such a weird mindset looking back. "That calculator you have? YOU BETTER NOT PUT MATH EQUATIONS IN IT!!"
Don’t buy on Amazon , order from ledger directly. NEVER SHARE YOUR SEED PHRASE AND PUT IT IN DIFFERENT SPOTS ! NO FOTO, SCREENSHOT OR ANY OTHER COPY PASTE , JUST A SHEET OF PAPER , maybe a CRYPTO STEEL. That’s my opinion. Have a nice day
LOL THIS IS SO WRONG!!! YOU CAN BUY 100 FORTNITE SKINS BUT CANNOT SELL THEM!!!! YOU HAVE 0 OWNERSHIP, IRRESPECTIVE IF THE GAME SHUTS DOWN BECAUSE THAT HAPPENS ANYWAY AND ALL THE MONEY YOU PUT IN SKINS IS GONE!! Kinda stupid to say you wouldn't want ownership of stuff you paid for. This sub is really misinformed on NFTS, one person says something and everyone agrees based off opinions in their minds without proper research. The number one thing I see is "IT has not value for the company so why would they do it?" - a myth lmao, ppl do not even know how an NFT economy works and you should not even bother reading those comments.
JUST PUT IT IN A SOFTWARE WALLET UNTIL YOU MAKE A HARDWARE WALLET DECISION. There is no reason to delay because you're not sure which hardware wallet you want. There hundreds of free software wallets you can use to take custody of your coins. Get them off the exchange TODAY.
While I agree with your core point - shorting has limited upside (and "naked" shorting has unlimited downside), in the stock market you can make multiples when shorting a stock by using a derivative investment called "Options". There are just a few options that are trading on crypto, but I believe that will change as crypto continues to gain traction in wall street. If a stock is trading at $10, you can purchase a "PUT" option that's good for six months where you make money as the price of the stock goes down. If you buy a $5 PUT for $1 and the stock goes down to $3, your PUT option is worth $2 if you hold it until the six month expiration, or even more if there is some time left before expiration.
You are speaking so much nonsense it's amusing. Now you are trying to change the meaning of the word "more"? "I never said" oh you very much said. LOSE MORE THAN YOU PUT IN. Nope. Not happening without leverage. Can't lose more than your investment. 1+1=2. No interpretations, no "I meant", no "I never said". 1+1 always equals 2. Now, since you're being so pushy to hear about my investments, which is completely irrelevant to our conversation anyway, but since you are acting all proud and on your high horse. Let me tell you that my first real investment when ETH was at 80. I sold near the ATH. Have been using those profits since then to play "on house money". Been stacking BTC, also picked up some SOL at 60 and sold at 180-200. Now I'm buying more of it. Even if it goes to zero I'm still way up in the greens. That same period I went for ADA at 30 cents and sold at near 3 dollars. I've bought lots of other altcoins as a gamble that didn't pay off. Some of them I kept the bags, some I sold at a loss. Just from my ADA and SOL moves alone I made profit in the 6 digits. Happy now? Not everyone is a careless idiot like you. Glad you left the space, it seems like you couldn't handle it, but quit busting our balls with your distorted version of reality.
Try getting a job for the time being so that you have liquidity. Save all the money that you can and look into stocks. Use that time to familiarized with the stock market. I understand this is a crypto subreddit, but hear me out. I assume you've already traded crypto so trading stocks wouldn't be foreign for you. The benefit of getting into stocks is because of Theta Gang. That is selling CALL or PUT options. Instead of being the YOLO option buyer, this time you're on the other side of the trade collecting the premium. You're on the 90%+ side of winning. This strategy allows you to hedge your own position or allows you to essentially paying yourself to get into a position for a cheaper price. I've been making consistent monthly income from this strategy and it had kept me afloat through this bear market. Once you're really good with this, you can extend out to trade crypto again if you want. Drop a comment here if you want me to explain more about how it works.
Unless the platform allows withdrawals again, you will never touch your money again. You will still have a piece of paper that says you \*PUT\* in $1000, but what have you got in actuality? You don't have $1000 because the value of the crypto tanked. You can't pull what's left of your money out because the platform won't allow you to. The federal government doesn't insure crypto for any amount of money, so they won't give you money out of taxpayer's pockets to make you whole again. You are one in a very, very long line of creditors of the crypto platform. In the case of FTX, they are saying that the number of creditors are in excess of a million people. The top 50 creditors are owed over $3B. How much do you think Joe Six Pack who put in $1000, standing at the tail end of the line, is gonna get when the federal government forces FTX to liquidate all assets to pay their creditors? The problems of crypto are that they operate like a ponzi/pyramid scheme. You were able to cash out at $2000 because they took $1000 from somebody else and give you your $1000 plus the $1000 they took less any fees. How do they make money? People give them money. You just gave them $1000 for a piece of paper. The problem becomes apparent when everybody tries to cash their pieces of paper out and they don't have the money to pay everybody out. This is the run on the banks that they talk about, and at this point they freeze all withdrawals because they've become insolvent. The number of crypto coins you have stay on the books as well as how much money you put in. Just sitting there, waiting to be cashed out into real money.
WHAT NUKES WERE EVER BEING PUT ON RUSSIAN BORDER? Answer is NONE! Nit in any NATO country near Russia, much less in Ukraine. And even if they did? Who is Russia to dictate that? Is nato a conglomerate of wannabe russia invaders,? You can’t judge others by yourself…
Interesting. Danny Devan tweeted, then deleted last night, "GET YOUR CROPTO OFF EXCHANGES AND PUT THEM INTO COLD STORAGE NOW!" I'm a Celcius victim. Unfortunately, I learned my lesson the hard way. Good luck to everyone.
Thank you GO FIND THOSE ROBOTS THEY PUT TO NOT PAY EMPLOYEES, them self check out and get some "Five-Finger Discount" if you need. Surviving is the name of the game.. Pff they are stealing from you with the prices of Milk, eggs and meat so there's no moral or ethical obligation here.
The comparison from coin to stocks for naked shorting isn't the best, I agree. But the point is that the SEC NEVER PUT ANY HEDGE FUNDS NAKED SHORT BASHERS IN JAIL OR EVEN GIVES THEM A FINE.... That's 100%, go look through their cases. I am not saying pump and dumps are to be allowed, I am saying that you can have it totally lopsided where you allow the hedge funds to do it as part of their normal daily business practice with zero repercussions destroying retail investors in these stocks and the companies with negative PR/IR and fake lawsuits and then penazlie the other side trying to many times save their companies by doing stock promotions when they shouldn't have had to without the bashers bringing them down in the first place...
Why are bankers and gov not against gambling and other things where people lose their money then? People lose a lot more per year to gambling but you dont see bankers shouting DONT PUT YOUR MONEY IN THERE, they still allow you to send your money to those sites, but many banks have blocked sending money to crypto sites.
So much for diversifying your portfolio. Dumping your 401k into a single, extremely volatile asset is plain unwise investing. If you want your money to be instantly available to you, DON’T PUT IT IN A 401K. Put it in your…oh I don’t know…checking account? There’s an idea. Crypto is a great to have in your arsenal, but if you make it the only chapter in your book…you’ll go down with the ship. Every.single.time.
HOW DO I SELL ONE I ONLY GOT THIS BLOODY THING TO SELL IT ON OPENSEA BUT I DO NOT KNOW HOW TO. I HAVE METAMASK AND AN OPENSEA ACCOUNT BUT I DO NOT KNOW HOW TO PUT IT UP FOR SALE. I need the money since food stamps aren’t here yet lol
Everybody want to get in in crypto but they're lazy to do their own research. DYOR has become a meme but it's a serious part of going in to crypto without losing some or worse all of your money. That's why pseudo crypto experts are becoming popular coz people only want to get rich, have financial freedom but not willing to do their research and lessen their risks. And please, just put your investing money in it. DO NOT EVER PUT YOUR RETIREMENT AND LIFE SAVINGS
Okay look, you bought near it’s all time high. Just being honest you may have to wait till around the next halving event (about a year and a half) to recuperate your losses, BUT I have no idea NOBODY does. That being said, technically the best way to invest in crypto would be to average your cost. This mean you set a weekly or monthly amount that you purchase and buy no matter what the cost of Bitcoin is. !!DO NOT PUT YOUR COINS ON A CENTRALIZED EXCHANGE!! Good luck all of you
It’s gambling. Don’t kid yourself. Children listen closely, ONLY PUT IN WHAT YOU CAN ABSOLUTELY AFFORD TO LOSE (or better yet nothing, but I know you won’t), and if you find yourself struggling to keep to that restriction or people are questioning how much you’re ‘investing’ then you may have a gambling addiction and you should seek professional help.
I'm also an accountant (by training and certification, not what I currently do) doesn't mean you understand banks. Also, even assuming you're a CPA, none of the elements on that test remotely relate to investments, valuation, the stock market, financial markets, or an understanding of the operation of financial institution. So no, "I'm an accountant" doesn't mean you understand banks, and if I had to bet, I'd bet on the guy who built a company worth roughly the same as the entire crypto market PUT TOGETHER.
NO NO NO NO NO! BAD CRYPTARD! PUT THE FAULTY COMPARISON DOWN, BAD BOY From another poster I think is correct; A chunk of people comparing it to the stock market, despite the fact that stock valuations are based on things like assets & liabilities, cash flow, margins, speculation on future earnings, market share etc while most crypto valuation is based on 'I wonder if I can get a bigger sucker to buy this shit off me'.
I LITERALLY GOT THIS GREAT ANALYSIS JUST NOW. SIMPLY PUT…UNSUBSCRIBE Open in browser Where Am I Buying Bitcoin? My Personal Buying Strategy Rekt Capital May 30 Hello Rekt Capital traders and investors, Over a week ago, I shared a Deep-Dive TA Session on Bitcoin which got extremely positive feedback. Did you watch it? 👀 Last Thursday I released a 30-min Altcoin-focused Deep-Dive TA session ‘Where Could Ethereum & Altcoins Bottom?” for valued members of the Rekt Capital Newsletter” 🔥 In this exclusive TA Session, we covered: Detailed deep dive analysis on Ethereum TA analysis on a few key Altcoins: DOGE, EGLD, ZIL, SOL, DOT The most important metrics and indicators for Altcoins When and from where should we expect the new bull run for Altcoins? How much more macro downside could we expect for Altcoins? Not to worry, I want everyone to have access to this Altcoin Deep-Dive!🚀 Sign up to a 7-day trial to get full access to the Premium Newsletter including the Altcoin Deep-Dive TA session. Get Your Free Trial The 20-Month MA In recent weeks, we’ve been taking extensively about the 20-Month moving average, which has historically been a crucial reference point for macro trends for Bitcoin. Simply put, BTC above the MA is bullish and below it - bearish. Of course, BTC has lost this 20-MA as support last month: Let’s unpack the insights in this chart one by one. Firstly: Loss of the 20MA as support precede deep downside. In 2014, losing the 20MA preceded a -63% correction to reach the generational bottom. In 2018, losing the 20 MA as support resulted in a -52% correction. In 2020, losing the 20MA as support preceded a -46% drop. Last month, BTC lost the 20MA as support and has dropped -38% thus far. History generally suggests that there is certainly scope for BTC to go much lower. That being said, one could also reason that these corrective periods are getting shallower over time (-63%>-52%>-46%>-38%). If BTC fails to hold the green area as support, we’ll see further downside. Secondly: It takes a long time for BTC to bottom after topping out In 2014, it took BTC almost 400 days to reach the generational bottom after topping out. In 2017, it took BTC one year (365days) to bottom out. In 2019, it took 274 days to bottom. Since November 2021, only 180 days have passed. Once again, one could easily argue that the time it takes for BTC to bottom after topping out is declining. In fact, one could reason that this time has been shortening by 100 days each time since 2017. But let’s assume for a moment that it could take a similar amount of time for BTC to bottom after topping out in November 2021, similar to the 2017 and 2019 periods: This would mean that BTC will bottom sometime later this year, either in August or in November 2022. Could it be that BTC is performing shallower corrections below the 20-month MA and that these corrections are shortening in time? This of course would be the best case scenario for BTC; any investor would like for a correction to be shallower and for it to be finished relatively quickly. Unfortunately for investors, the scenario of maximum pain tends to take place to flush “weak hands” out of the market. Which is why I feel like more downside could come and that this process could extend in time a little bit more. However - here is how I think about the problem… My Personal Buying Strategy Sign up to a 7-day trial to get full access to the Premium Newsletter including the Altcoin Deep-Dive TA session. Get Your Free Trial Like © 2022 Rekt Capital ... Unsubscribe
I mean…not really. Saying something positive isn’t a recommendation. We can say things and also not intend for your to PUT YOUR LIFE SAVINGS INTO IT. I have an issue with many influencers, but Raoul Pal is the least of my concern tbh. I’ve heard him countless times say “not financial advice…” just because he didn’t say it about LUNA doesn’t mean you should only own it. This sub painfully lacks self awareness. If Pals words were the only thing between you and an investment, you have a wholeeee other problem.
I think a better question for them is what market looks under valued and why do you think that? You'll likely find a lot of answers about the markets being rigged and were all fucked and they would but they can't because of X reason and so on. There's always an excuse, rarely are there good strategies and sound logic. If these people were that sure it'll fail they'd be shorting the market. They'll talk, but won't put their money where it matters. It's because it's about internet validation, not making money. If they were trying to do that they wouldn't be sitting on reddit talking shit about bitcoin and idk, go find a better income opportunity. They could have bought a PUT on Coinbase the other week and made a ton of money. I bet most of them didn't though. Just my 2 cents, but don't go looking for arguments with people who clearly don't want to have a real discussion about investing. It's a waste of your time. They don't care and will just repeat the same talking points and then insult you once they get too flustered to carry on a civil conversation. I've seen it with tons of different assets over the years with friends, family or random strangers online.
Haha. Recently some celebrity commented on bitcoin and everyone was screaming "THEY SHOULD PUT THEIR MONEY WHERE THEIR MOUTH IS!" because they didn't own much. You guys are so shortsighted there is no pleasing you, because you don't even know what would.
[https://imgur.com/a/l3DV37E](https://imgur.com/a/l3DV37E) LUNA SHILLERS GOING DOWN 1 BY 1, I'M COMING FOR THEM, SELLING A FALSE REALITY TO PEOPLE. THESE WERE THE CLOWNS PEOPLE FOLLOWED AND THOUGHT THEY COULD SAFELY FARM UST WITH NO RISK. I HAVE SEEN MULTIPLE PEOPLE PUT THE TAX MONEY THEY OWED ON ANCHOR AND "SAFELY" FARM.
You're telling people don't be greedy but fucking giving awful advice strongly hinting at 100% when we return to ATH, which may not happen. "DON'T BE GREEDY WAITING FOR IT TO DROP. INSTEAD, BE GREEDY AND PUT MONEY INTO THIS YOLO/FOMO CURRENCY BECAUSE YOU CAN DOUBLE YOUR MONEY" 🤦
FUCK REGULATIONS! If you're getting scammed you need to educate yourself on the things you're putting your money into. I got got out of my $70 investment on safemoon, but I understood the risk. These smart contracts are open source, if you don't understand how to navigate them DON'T PUT YOUR MONEY IN!! THIS. IS. NOT. FOR. YOU.
Hi friend. After you get a hardware wallet, get a steel wallet for the seed phrase. The steel wallet is for your 12 or 24 seed phrase for that hardware wallet (a seed phrase that YOU SHARE WITH NOBODY, AND YOU NEVER TAKE A PICTURE OF OR PUT ONLINE OR THE CLOUD)
Lol that is most certainly not most here, though. Perhaps some, but that doesn't mean my comment was targeted towards **everyone.** **IT IS VERY CLEAR THAT NOT EVERYONE HAS THE SAME SITUATION, DON'T TAKE MY COMMENT AND PUT IT IN A DIFFERENT LIGHT THAN IT WAS INTENDED**