Crypto’s 80% Plunge

Discussion in 'CryptoCurrency' started by Vapys, Sep 12, 2018.

  1. PropertyGrow

    PropertyGrow Jr. VIP Jr. VIP

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    ETH over 200 woohoo, maybe I can keep on mining it for now.
     
  2. William702

    William702 Jr. VIP Jr. VIP

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    I think you represent the majority. Most of the people still holding crypto are probably in the same position.
     
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  3. everythingred

    everythingred Jr. VIP Jr. VIP Premium Member

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    A crash is much needed to weed out many coins. It's like the dot com era where so many tech companies with no value sprung up. I'm holding on to Stellar because it's actually being used by IBM. I don't care if I lose money but I bought so early that I'm still in the profit zone.
     
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  4. mickyfu

    mickyfu Jr. VIP Jr. VIP

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    I suggest that people who write about crypto have to start their post with "once upon a time" and finish it with "The End"
     
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  5. MisterF

    MisterF Moderator Staff Member Moderator Jr. VIP

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    And include a couple of screenshots of charts and earnings / profits plus a picture of their Lambo ?
     
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  6. mickyfu

    mickyfu Jr. VIP Jr. VIP

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    And the picture of the girlfriend that looks like it's been scanned out of a porn mag.
     
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  7. LaraJean

    LaraJean Registered Member

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    Blockchain and cryptocurrencies (or at least Bitcoin instead of cryptocurrencies) definitely have promising future, ICOs? Some of them might be success and most of them a huge scam but it's all about time; Rome wasn't built in one day.
     
  8. vinku

    vinku Jr. VIP Jr. VIP

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    I think it's new type of ponzi scheme, not desribed yet in economic books. Ponzi without chef but still early investors can manipulate market and destroy it.
    The most dangerous thing is low market size, even for bitcoin. So holders of the biggest wallets, can pump it for years using cash earned on constant raise. Buy articles in medias, SEO, TV, using buzz, buy politicans and then... bump. Someone sold 100 mln bitcoins and market collapse. Then again and again.

    On the big market, even guys like Madoff or whole countries like Greece cannot destroy economy.
    On bitcoin market it's possible and all speculants are anyonymous, without any regulations.
     
  9. Billy Batts

    Billy Batts Jr. Executive VIP Jr. VIP

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    I love it!! All these crypto hipsters that came when it was at 14k selling their house, taking a new mortgage while they had a family to provide for and then act like they discovered the new thing cuz of the MSM and being all arrogant and shit.

    Where are they now?

    [​IMG]
     
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  10. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    I remember seeing one of the now banned members who promoted his Crypto discord group post a pic of a Lambo... the car looked nice but the picture sure looked like it was taken in the ghetto.

    Upside down thinking if the pic was real as you would buy a quality non depreciating asset that was nice well before you would buy a depreciating asset that was nice if you had any economic common sense.

    Two of them that I know started their own little outside groups to build up their following.

    One is completely dead... no action at all for a good 3 or 4 months at least.

    The other one I know about is not only because the one person that posts in it is the one that started it.
     
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  11. mickyfu

    mickyfu Jr. VIP Jr. VIP

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    I've heard basketball kid is doing alright for himself. He's chief cheese slice man at Maccys. I've heard he's training up to be the guy who turns the burgers over. Who knows, a couple of years down the line he may be working the tills, handling all that worthless outdated fiat shit.
     
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  12. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP

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    Bitcoin is the only price that matters in U$

    All the others are based on BTC
     
  13. Novun

    Novun Newbie

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    We often forget during all this manipulation that BTC could become the native currency of the internet one day. I don't believe it could replace fiat though.
    A lot of people invest just because of that blind faith. Check BTC reddit. There are enough BTC evangelists to keep it alive for quite a while.
     
  14. virtualpurity

    virtualpurity Jr. VIP Jr. VIP

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    I am still waiting for my BHTC..
     
  15. baddie

    baddie Junior Member

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    Have you checked in on popcorn boy aka XVGwhale? He ain't doing to well right now. He still thinks he's an influencer. Too bad most of his friends got exposed as being fake accounts. My favorite was one I helped expose. An account with 20k very engaged followers that was using a picture of Marilou Bélanger as it's profile and banner. Acting like a non-english speaking Instagram model is now an english speaking crypto trader. Gethafuckouttahere.

    Exactly, we've got all those services right here in the marketplace. Everything you need to pump a shitcoin XVG/TRX-style is right here. Fuckit, let's make a shitcoin. BHWcoin. It'll be the worst best idea ever.

    Would you prefer it to be the "Let's Use Marketplace Services To Pump and Dump Shitcoins" subforum? ;)
     
  16. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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  17. Vapys

    Vapys Power Member

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    You continue to miss the point of this thread.
    As a whole, digital currency hit a low. BTC barely changed, ETH was the largest contributor to the drop. ETH is a independent alt coin from BTC.

    Since you have BTC tunnel vision allow me to share a secret.... BTC is in a government induced COMA!
    It will never reach 100k. No more Lambos , John McAfee will have to eat his own dick.

    If you didn't get out before "futures" were approved you're fucked.

    .
     
  18. Strawberry John

    Strawberry John Newbie

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    Yeah, cause phones were used everywhere 10 years after they were invented. Same with the internet, everyone was on Facebook from Day 1!
    Do you understand anything about the fundamentals of Bitcoin? Ever researched it? It IS internet money. Internet money without an intermediary. And even MORE than that.
    99% of tokens were moneygrabs or outright scams, they really do not matter. I'm not a BTC maximalist, I just did weeks upon weeks of research and one thing is clear for me. As long as BTC doesn't get outlawed globally, it will get it's place in the modern economy. Even outlawed it will still hold value, but that's totally out of the question anyway.

    Have patience guys. If you got in to make a quick buck and now you're 70-80% underwater, it doesnt mean BTC is garbage. Also, you'll most likely make your money back, it might just take a couple years, learn about market cycles. :)
     
  19. Vapys

    Vapys Power Member

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    If you believe ANY government will allow a unregulated digital currency to over value their own fiat please share your dealer's phone number. At least something positive can come from your delusion.

    .
     
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  20. 710fla

    710fla Jr. VIP Jr. VIP

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    Just hodl