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dscher

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I don’t have a dime in it, but it’s closing in on 21 range quick.

Everything falling and honestly kind of excited. I’ve been prepping and saving since 08 for the next big dip
Been waiting since 08 for the next big crypto crash eh? Not sure if the reward will be quite as lucrative as the first run... Time will tell.
 

Finito

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Been waiting since 08 for the next big crypto crash eh? Not sure if the reward will be quite as lucrative as the first run... Time will tell.

Oh no no no not crypto at all my bad I’m talking stocks.
 

Devilmaycare

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A guy I went to HS with was trying to convince me to get BTC or just crypto in general months ago as a "hedge against inflation." I told him the same thing I've said here I don't invest in what I don't understand and I still don't get what value it has beyond being scarce. He kept saying decentralized, not impacted by inflation or the overall market. I don't get it the last time BTC cratered was during a market sell off.

In theory it's NOT connected to stocks but clearly it impacted by them, when consumer sentiment is bad, crypto tanks, and usually more than stocks

I'm the opposite of you. I understand it and that's why I'm not in it. I think there's too many millennial and gen z like your nephew that don't fully understand it but bought into the hype. All I ever hear from the cryptobros is soundbites like "hedge against inflation" without being able to talk to how or why. It's really WSB mentality run wild. So glad I never bought the hype.

As for my crypto holding I'm down almost 50%. I have $5.02 left from $10 worth of BTC I got from Aaron Rogers when Cash app did one of those "tweet me and I'll send you BTC" promotions. :)
 

Folster

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I'm the opposite of you. I understand it and that's why I'm not in it. I think there's too many millennial and gen z like your nephew that don't fully understand it but bought into the hype. All I ever hear from the cryptobros is soundbites like "hedge against inflation" without being able to talk to how or why. It's really WSB mentality run wild. So glad I never bought the hype.

As for my crypto holding I'm down almost 50%. I have $5.02 left from $10 worth of BTC I got from Aaron Rogers when Cash app did one of those "tweet me and I'll send you BTC" promotions. :)

Check out this Web 3 investor get challenged on a use case for blockchain.

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Devilmaycare

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Check out this Web 3 investor get challenged on a use case for blockchain.

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Wow was that bad. I've only head one blockchain idea so far that I think might have merit and that's the stock market. The gist of it is that you have all shares on a blockchain. Then it's a blockchain transaction every time you buy or sell.

It was being sold on two big benefits. The first being that it's faster than the current system and we could change T+2 to be almost instant. The other being that would create a solid record of who owns what so that we can better enforce things like naked shorting. Both seem like they could be good benefits but I really need to look into it more. I'm sure there's a con or two that they guy that was pumping the idea left out.
 

Finito

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Said F**** 18, 17 here we come!

At this point I’m expecting 10k by Tuesday
 

dscher

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What do you think it bottoms out at
First target is 12k. Next is 6k. With the volatility among all assets currently, I could see a flush down the 6k and a retest of 12k that will serve as resistance.
 

Folster

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There's nothing to value bitcoin so all you have is charts and they look bad.

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