Info: No Crypto For You? Can they reconsider their position? Did I inform MA about Crypto TOO SOON?

Spawn

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the first time i saw that crypto with 15% interest out of nothing i saw a future unavoidable fail
simply was interest out of thin air...

There is nno free lunch in the markets (J.m. Keynes)

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Keynes never lived to experience Crypto.
 

Msturlese

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once i published a paer that was "price moves are not logarithmic"
a fall of 10% follwed by a rise of 10% does not bring back the price cause of the second number is calculated on a differetn base
a fall of 50% need a rise in teh 100% so recoup valued
a fall in 90% requires a jump of 1000% to get the said number
a fall of 99% require... 10.000%
now i need excel... when we pass from 80 usd to 0,00027416 USD to regain previous we need... damn i cant read the number mate... :)

and the free lunch was in term of "interest out of thin air".. to gain interest need to put "money at work"
trading is another thing.. opportunistic dead cat bounce, happens :)
tell to the forum user that wrote i purchased them at 3 cents.... he need some more "1500% to break even"......
 

Spawn

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once i published a paer that was "price moves are not logarithmic"
a fall of 10% follwed by a rise of 10% does not bring back the price cause of the second number is calculated on a differetn base
a fall of 50% need a rise in teh 100% so recoup valued
a fall in 90% requires a jump of 1000% to get the said number
a fall of 99% require... 10.000%
now i need excel... when we pass from 80 usd to 0,00027416 USD to regain previous we need... damn i cant read the number mate... :)

and the free lunch was in term of "interest out of thin air".. to gain interest need to put "money at work"
trading is another thing.. opportunistic dead cat bounce, happens :)
tell to the forum user that wrote i purchased them at 3 cents.... he need some more "1500% to break even"......
the 3 cent forum user was me... bought some more later one to cover, but everything sold now, because Do kwan is going to let Luna die and start over, the idea is to give holders before the crash 40% of the new token (Luna2?) back. We will see how this shitshow will end.
 

Mega

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I asked MA to take Bitcoin a decade ago. They said no. I assumed it was about money laundering. It's now the trend of the decade and someone we know is missing the boat.

I wish MA would reconsider crypto. At the very least they should consider stablecoin implementation. Just because they got stung by failed crypto projects shouldn't mean no more crypto implementing or considering. Even now with the KYC laws protecting the participants in the crypto space it's much safer for corporations to get involved.


How is bitcoin looking now ? 📉
 

Atrax

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The time of the OP was definitely a good time to get in.

Catching the right exit, though ....
 

Fanan

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The amount of times friends told me it's a good time to buy: 9999 times.

The amount of times friends told me it's a good time to sell: never.

No, it's not a bubble game. Of course not! 😂

Keep buying something that no one really wants to use and everyone that buys it have the same plan, to hold it for a couple years and then sell for 10x what they payed for.
 

Spawn

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Keep buying something that no one really wants to use and everyone that buys it have the same plan, to hold it for a couple years and then sell for 10x what they payed for.
Sounds a lot like.. Entropia universe...
 

Fanan

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Sounds a lot like.. Entropia universe...
Maybe if you are a reseller like we have some in Entropia yes, something like 1% of the player base? Sorry I don't know many resellers.

While on crypto world EVERYONE is the reseller and there's not one single soul that want the coin to buy anything at all.

Do I really need to explain you this? Dang I m not even a trader and I did profit by reselling 3 of the 4 unL items that I ever owned. While all my friends that own crypto lost around 2/3 of the investment so far.

If you are a terrible trader in EU that losses peds almost every month then yeah I would also say that they look the same as a crypto owner.

GL out there crypto friends!
 

Spawn

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Maybe if you are a reseller like we have some in Entropia yes, something like 1% of the player base? Sorry I don't know many resellers.

While on crypto world EVERYONE is the reseller and there's not one single soul that want the coin to buy anything at all.

Do I really need to explain you this? Dang I m not even a trader and I did profit by reselling 3 of the 4 unL items that I ever owned. While all my friends that own crypto lost around 2/3 of the investment so far.

If you are a terrible trader in EU that losses peds almost every month then yeah I would also say that they look the same as a crypto owner.

GL out there crypto friends!
What are you trying to say here? I bought most of my crypto when the pandemic hit on Thursday March 15 in 2020, I knew it was a good opportunity. Prior to that I sold most of my gear in Entropia and my deeds and my landarea and got some mining gear for mining crypto (October 2019).
When Bitcoin hits 4.800 or Ethereum hits 200 usd or Cardano goes back to 2 dollarcents.. then I will be at a loss. If it doesn't.. then I will be smiling all the way through. Yeah, I don't have the big guns anymore, still with my stolen imperium and my adjusted katsuichi. But there's a smile from ear to ear on my face. Crypto was one of the biggest opportunities of that period and I am glad I dove in deep.
 

RickEngland

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There's not much trust with exchanges anymore, especially after the FTX scandal. Plus the luna crash not long before that, and multiple hacks all over the place killing coins. I dabbled a bit, did well on the first big shib climb. Then I tried vvs mining with crypto.com the interest rates were crazy. I sold nearly all tokens I owned now, apart from a few £100's worth of tonic (2 billion tokens or so) i locked in a vault. So tiny exposure remaining on these sh*tcoins.

I get that feeling everyone is exiting now, if they can. BTC was down to £13k, when I looked earlier (was £58k per token at one point). I've got no regrets giving it go, although glad I mostly sold out and withdrew. I very much doubt I'll throw more money at it, looks like it's all slowly dieing.
 
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