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Symposium => "Open" Discussions => Topic started by: AlivePoet on June 14, 2022, 02:43:56 pm

Title: Crypto Meltdown
Post by: AlivePoet on June 14, 2022, 02:43:56 pm
I was about to stock up on ETH a couple weeks ago, but decided to wait. It's plunged over 30% since then. If it goes below 1,000,000 won I might pull the trigger and hope for a long-term payoff.

Thoughts on the current state and future of crypto?
Title: Re: Crypto Meltdown
Post by: hangook77 on June 14, 2022, 03:23:33 pm
Yep, good time to get in if you can.  If you have it stored offshore on a non Korean site and have a way to buy some, get some.  Even if it goes down.  COINSMART works for a Canadian with a Canadian bank account as a reminder.  You can also do wallet to wallet transfers of the same crypto to other sites to buy other currencies (since COINSMART has limited cryptos).  I use FTX personally. 
Title: Re: Crypto Meltdown
Post by: SPQR on June 14, 2022, 03:42:19 pm
People can't buy crypto in Korea?
Title: Re: Crypto Meltdown
Post by: L I on June 14, 2022, 05:05:27 pm
Koreans can. Foreigners can't. Which sucks for waygooks hoping to profit off a dead cat bounce.
Title: Re: Crypto Meltdown
Post by: Lazio on June 14, 2022, 06:30:38 pm
Yep, good time to get in if you can.

This advice has aged well. It only dropped 30% or so since you wrote this less than 2 weeks ago:
Ride the XRP and XRPBULL coins till the rodeo is done.  Mostly XRP.  All crypto way down, best to get in before a large spike.


That's my advice....

No, scratch that. I only looked at BTC. That XRPBULL(crap) doesn't even worth half of what it was in early June.
Title: Re: Crypto Meltdown
Post by: SPQR on June 15, 2022, 07:00:50 am
Koreans can. Foreigners can't. Which sucks for waygooks hoping to profit off a dead cat bounce.

It's not possible to find an american brokerage and pay via Paypal?
Title: Re: Crypto Meltdown
Post by: D.L.Orean on June 15, 2022, 07:49:58 am
This advice has aged well. It only dropped 30% or so since you wrote this less than 2 weeks ago:
No, scratch that. I only looked at BTC. That XRPBULL(crap) doesn't even worth half of what it was in early June.

He's taking the double down approach. We know he's a man of considerable financial success, so I think he's worth listening to.
Title: Re: Crypto Meltdown
Post by: Savant on June 15, 2022, 08:02:36 am
Lol...please enlighten me!

Trading in bouncing dead cats is still safer than Crypto.
Title: Re: Crypto Meltdown
Post by: gogators! on June 15, 2022, 09:31:05 am
Fortune favors the brave.
Title: Re: Crypto Meltdown
Post by: kevingrabb on June 15, 2022, 09:32:31 am
If you've heard of the coin, it's too late to get in.

You're the mug/mark.
Title: Re: Crypto Meltdown
Post by: pkjh on June 15, 2022, 02:56:42 pm
It's following the same pattern it's done like 5 times since btc started some 10+ years ago. It's going back to it's old high, which is $10,000. It will scare a lot of people as usual. If the pattern holds it will shoot up to a new high, which is usually more than double it's old high like $120,000.

The added variable of institutional holders whose orders will be triggered at these sub $20,000 will make it interesting.
Title: Re: Crypto Meltdown
Post by: gogators! on June 16, 2022, 02:48:29 am
That's very amusing.

Okay, thanks. I thought it was an expression made up by LI. I looked it up after seeing your 3 differing meanings. Got it!
i was quoting the matt damon commercial for crypto.
Title: Re: Crypto Meltdown
Post by: hangook77 on June 16, 2022, 09:47:23 am
Koreans can. Foreigners can't. Which sucks for waygooks hoping to profit off a dead cat bounce.

Nope.  We could until late last year.  Korea shows it's true colors yet again. 
Title: Re: Crypto Meltdown
Post by: hangook77 on June 16, 2022, 09:50:04 am
This advice has aged well. It only dropped 30% or so since you wrote this less than 2 weeks ago:
No, scratch that. I only looked at BTC. That XRPBULL(crap) doesn't even worth half of what it was in early June.

You don't buy when going up, you buy when going down.  A bull coin rides the hype of a rise in the regular coin.  Once the cryptos go up especially if they go to new levels, hype drives those up even more.  Having a small amount (dollar present values) as a hedge is helpful.  Like maybe 30 bucks or so.  I'd do the xrp and btc bull coins while having some in the regular.  But once those soar cash them out and buy more regular coins and also cash some out and wire transfer it to your home bank account too. 


https://ftx.com/intl/tokens/xrpbull


BTC bull has fallen but the coin is more expensive to buy.

https://ftx.com/tokens/bull

BTC will go up to a higher dollar value but which coins will have a higher percentage increase?  XRP is one and many others too.

Which coins were higher during the mini surge last year?  Which of those are way down now?  If I had the cash, I'd look at Etherium, Yearn Finance, etc.  (But better to focus on a few rather than many.)

Look at the one year and 5 year history line.  I notice when the regular coins went to new heights, the bull coin soared even higher for a short time.  Will it do so again or will it just conk out?  Hard to say.  Don't put your life's savings into them or anything.  Just 10 or 20 or 30 bucks or something while prices are down and hold for now.  Mostly focus on regular coin if you have more money to throw in. 

I use a couple of exchanges.  FTX is one of them.  I fund via another exchange. 

Title: Re: Crypto Meltdown
Post by: Mr.DeMartino on June 16, 2022, 06:12:06 pm
Nope.  We could until late last year.  Korea shows it's true colors yet again. 
As mentioned before, I can't imagine why a country that went through the IMF is leery of having substantial amounts of foreign speculation of a non-government backed currency that is prone to wild fluctuations and under control of the central reserve...

It isn't always racism. Preventing say, an economic shock which could lead to wide unemployment and affecting national credit ratings is a legitimate reason for doing things and "RACISM!!!!!" isn't always the explanation. You're thinking about this like a child.
Title: Re: Crypto Meltdown
Post by: gogators! on June 17, 2022, 04:52:00 am
As mentioned before, I can't imagine why a country that went through the IMF is leery of having substantial amounts of foreign speculation of a non-government backed currency that is prone to wild fluctuations and under control of the central reserve...

It isn't always racism. Preventing say, an economic shock which could lead to wide unemployment and affecting national credit ratings is a legitimate reason for doing things and "RACISM!!!!!" isn't always the explanation. You're thinking about this like a child.
You used great restraint in that last sentence.
Title: Re: Crypto Meltdown
Post by: Lazio on June 17, 2022, 07:59:14 am
You don't buy when going up, you buy when going down.  A bull coin rides the hype of a rise in the regular coin.  Once the cryptos go up especially if they go to new levels, hype drives those up even more.  Having a small amount (dollar present values) as a hedge is helpful.  Like maybe 30 bucks or so.  I'd do the xrp and btc bull coins while having some in the regular.  But once those soar cash them out and buy more regular coins and also cash some out and wire transfer it to your home bank account too. 


https://ftx.com/intl/tokens/xrpbull


BTC bull has fallen but the coin is more expensive to buy.

https://ftx.com/tokens/bull

BTC will go up to a higher dollar value but which coins will have a higher percentage increase?  XRP is one and many others too.

Which coins were higher during the mini surge last year?  Which of those are way down now?  If I had the cash, I'd look at Etherium, Yearn Finance, etc.  (But better to focus on a few rather than many.)

Look at the one year and 5 year history line.  I notice when the regular coins went to new heights, the bull coin soared even higher for a short time.  Will it do so again or will it just conk out?  Hard to say.  Don't put your life's savings into them or anything.  Just 10 or 20 or 30 bucks or something while prices are down and hold for now.  Mostly focus on regular coin if you have more money to throw in. 

I use a couple of exchanges.  FTX is one of them.  I fund via another exchange. 

If you put 20-30 bucks into it, you might as well not bother at all. I mean even if it goes up 1000%, that's peanuts.
Title: Re: Crypto Meltdown
Post by: hangook77 on June 17, 2022, 08:57:11 am
If you put 20-30 bucks into it, you might as well not bother at all. I mean even if it goes up 1000%, that's peanuts.

I mean the bullcoins.  The others need more of course.  But yes, unless it goes up by 1 million per cent a small amount of money will not add up to much.  But given current salaries, I doubt most teachers can afford to put much into it anymore anyways.  But hedge a tiny amount on the bull coins based off the cryptos you think will rise the most.  XRP, BTC, ETH, etc. 
Title: Re: Crypto Meltdown
Post by: Lazio on June 17, 2022, 11:37:00 am
I mean the bullcoins.  The others need more of course.  But yes, unless it goes up by 1 million per cent a small amount of money will not add up to much.  But given current salaries, I doubt most teachers can afford to put much into it anymore anyways.  But hedge a tiny amount on the bull coins based off the cryptos you think will rise the most.  XRP, BTC, ETH, etc. 

Or perhaps they just don't want to pour money into a pyramid scheme.

Amazing though that you can work your mantra into any random topic.

Crypto in nosedive ----->''low salaries''
Someone mentions what camera they have -----> ''people can't afford such a thing on these salaries''
Title: Re: Crypto Meltdown
Post by: kevingrabb on June 17, 2022, 12:13:07 pm
Or perhaps they just don't want to pour money into a pyramid scheme.
No one wants to own crypto. Any of you can argue all you want. NO ONE WANTS TO OWN IT OR USE IT. It's 100% "GAWD, I hope this is worth more in two weeks."

The same can be said about oil, gold or real estate. But at least you have gold, oil or a house. NO ONE WANTS TO HAVE TEN GRAND IN CRYPTO AND GO TO AMAZON.COM. NO ONE.

That's why it's a joke. And NFT are even worse. The amount of NFTs sold that are "I wanna support the artist" are 10% max and they're buying it for 200, 500, 6000$. And fair play, go nuts. They know what they're getting into. I'd rather have an actual painting, but they do they.

"ArT iS SuBjEcTiVe" it really isn't though. No one in the right mind would put this

(https://pbs.twimg.com/media/FEaFK4OWUAAlgiV?format=jpg&name=900x900)

on their wall and tell guests that they paid 750 000$ for it. IT'S A SCAM. And it will peter out.

You can argue "Well, some people like the monkey art." Fine. But NO ONE. NOT A SINGLE PERSON ON EARTH. ZERO! would pay 750 000$ for it because they like it, genuinely like it, and show guests who come over.

Buy, Hope, Sell. That's the game. 90% of it has NOTHING TO DO WITH ART. IT'S A SCAM. People have made money? Of course. It's NOT going to be you. EVER. AT ALL. The game is done. Anyone who invests in an NFT at this stage? R-tard. For real, this is NOT debatable. Sorry.

You wanna mess around in crypto? Go for it. I don't think it's a good idea, but you do you. You wanna mess around in NFTs? R-tard.   
Title: Re: Crypto Meltdown
Post by: kevingrabb on June 17, 2022, 12:14:11 pm
And yes, I sound like a broken record. Fair enough.

But it's ridiculous.
Title: Re: Crypto Meltdown
Post by: hangook77 on June 17, 2022, 12:29:52 pm
Or perhaps they just don't want to pour money into a pyramid scheme.

Amazing though that you can work your mantra into any random topic.

Crypto in nosedive ----->''low salaries''
Someone mentions what camera they have -----> ''people can't afford such a thing on these salaries''

Whats a mantra?  A new foreigner working here today isn't going to have thousands of dollars to throw from this coin to that coin are they?  Most may go from 20 or 30 dollars to a few hundred dollars at most.  So, you got to get the biggest bang for your buck. 
Title: Re: Crypto Meltdown
Post by: hangook77 on June 17, 2022, 12:32:38 pm
No one wants to own crypto. Any of you can argue all you want. NO ONE WANTS TO OWN IT OR USE IT. It's 100% "GAWD, I hope this is worth more in two weeks."

The same can be said about oil, gold or real estate. But at least you have gold, oil or a house. NO ONE WANTS TO HAVE TEN GRAND IN CRYPTO AND GO TO AMAZON.COM. NO ONE.

That's why it's a joke. And NFT are even worse. The amount of NFTs sold that are "I wanna support the artist" are 10% max and they're buying it for 200, 500, 6000$. And fair play, go nuts. They know what they're getting into. I'd rather have an actual painting, but they do they.

"ArT iS SuBjEcTiVe" it really isn't though. No one in the right mind would put this

(https://pbs.twimg.com/media/FEaFK4OWUAAlgiV?format=jpg&name=900x900)

on their wall and tell guests that they paid 750 000$ for it. IT'S A SCAM. And it will peter out.

You can argue "Well, some people like the monkey art." Fine. But NO ONE. NOT A SINGLE PERSON ON EARTH. ZERO! would pay 750 000$ for it because they like it, genuinely like it, and show guests who come over.

Buy, Hope, Sell. That's the game. 90% of it has NOTHING TO DO WITH ART. IT'S A SCAM. People have made money? Of course. It's NOT going to be you. EVER. AT ALL. The game is done. Anyone who invests in an NFT at this stage? R-tard. For real, this is NOT debatable. Sorry.

You wanna mess around in crypto? Go for it. I don't think it's a good idea, but you do you. You wanna mess around in NFTs? R-tard.   


That's your choice.  But given hyper inflation and reckless money printing people are turning to other alternatives.  It has gone up before and will go up again.  It is competition to the petro dollar and xrp more specifically and xlm to a lesser degree are competition to the swift.  That said crypto is a side gig for me and not a life savings gig.  Anyhow, you do you and I'll do me. 
Title: Re: Crypto Meltdown
Post by: Bakeacake on June 17, 2022, 01:00:08 pm
"...whats a mantra?" ~ Handgoo

a mantra is something you repeat to yourself over and over and over and over and over and over and over again, to reassure yourself in some way. There must be dictionaries all around you...  and the literal world of knowledge sitting right in front of you via a computer or phone.
Title: Re: Crypto Meltdown
Post by: Lazio on June 17, 2022, 01:02:08 pm
Whats a mantra?

manĚtra
/ˈmantrə/
noun
noun: mantra; plural noun: mantras

2.
a statement or slogan repeated frequently.
Title: Re: Crypto Meltdown
Post by: Orkblut on June 17, 2022, 01:02:31 pm
Whats a mantra?

It's crypto, bro. John Lennon invested heavily in it, and he made a fortune.
Title: Re: Crypto Meltdown
Post by: kevingrabb on June 17, 2022, 01:04:52 pm
F me, he did actually ask what a mantra is hahahahahahaha
Title: Re: Crypto Meltdown
Post by: WhenInRome... on June 17, 2022, 01:08:32 pm
What's a mantra?

Nothing...What's a mantra with you?
Title: Re: Crypto Meltdown
Post by: hangook77 on June 17, 2022, 02:24:59 pm
If you can't understand a mantra is then I can't help you.  If me talking about crypto is a repetition then suit yourself.  No one is making you invest or not invest in it.  Prices are way down, so best to get some before the opportunity passes. 

While some of you losers sit on your computer spouting out nonsense all day long, you will realize soon enough that you've lost out....
Title: Re: Crypto Meltdown
Post by: kevingrabb on June 17, 2022, 02:32:28 pm
you will realize soon enough that you've lost out....

You have a way with words.
Title: Re: Crypto Meltdown
Post by: hangook77 on June 17, 2022, 02:37:40 pm
You have a way with words.

You have a way of quoting Bob Dylan when he isn't here to defend himself.  A real Renaissance man.  How brave of you....   
Title: Re: Crypto Meltdown
Post by: kevingrabb on June 17, 2022, 02:41:05 pm
You have a way of quoting Bob Dylan when he isn't here to defend himself. 
What? hahahahaaha

Title: Re: Crypto Meltdown
Post by: Bakeacake on June 17, 2022, 02:41:37 pm
If you can't understand a mantra is then I can't help you.  If me talking about crypto is a repetition then suit yourself.  No one is making you invest or not invest in it.  Prices are way down, so best to get some before the opportunity passes. 

While some of you losers sit on your computer spouting out nonsense all day long, you will realize soon enough that you've lost out....

I can't believe i have to explain this to an adult....
YOU asked, "whats a mantra"
no one thinks your crypto nonsense is your mantra...
I'll let you try to figure it out with a little clue. Can you think of anything, anything at all, that you have incessantly be harping on about every single day that one might consider a "mantra"?
Title: Re: Crypto Meltdown
Post by: kevingrabb on June 17, 2022, 02:43:25 pm
I'll let you try to figure it out with a little clue. Can you think of anything, anything at all, that you have incessantly be harping on about every single day that one might consider a "mantra"?

OH OH I KNOW!
Title: Re: Crypto Meltdown
Post by: Bakeacake on June 17, 2022, 02:44:07 pm
your posts lead everyone to believe you might be having trouble with cognitive issues.  (<attacking the posts right?   not the poster)....
Title: Re: Crypto Meltdown
Post by: Mr.DeMartino on June 17, 2022, 03:03:40 pm
Didn't one of The Spidersmen or X-Man take out Mantra in their last movie? Or is that a Pokeyman character?
Title: Re: Crypto Meltdown
Post by: kevingrabb on June 17, 2022, 03:08:26 pm
Pokemon Go to the Polls, more like it!

AMIRITE?

(https://i.insider.com/5787fbc4d7c3db992d8b4e48?width=800&format=jpeg)
Title: Re: Crypto Meltdown
Post by: hangook77 on June 17, 2022, 03:12:04 pm
I can't believe i have to explain this to an adult....
YOU asked, "whats a mantra"
no one thinks your crypto nonsense is your mantra...
I'll let you try to figure it out with a little clue. Can you think of anything, anything at all, that you have incessantly be harping on about every single day that one might consider a "mantra"?

Yeah what part of my explaining about crypto is a mantra?  I rarely talk about crypto.  Again if you can't get crypto or anything else about markets, then I can't help you.  ETFs?  Options?  Borrow a stock?  A call?  A put?  You're very smart.  So, I will let you explain things....
Title: Re: Crypto Meltdown
Post by: kevingrabb on June 17, 2022, 03:21:48 pm
F me, hankook.

Everyone else. What do we do now? Really. What do we say?

Hankook, you literally wrote " Whats a mantra?  A new foreigner working here today isn't going to have thousands of dollars to throw from this coin to that coin are they?"

Did you mean "What's the mantra?" As in "Explain to me what you thought I was saying my mantra is?" (or equivocal "What's my mantra? Tell me. Explain it.)

The way you operate on this site sometimes. with all due respect............ . you sound like a dolt. Like explaining something to a 7 year old. FFS, honestly. 
Title: Re: Crypto Meltdown
Post by: Augustiner on June 17, 2022, 03:27:10 pm
Yeah what part of my explaining about crypto is a mantra?  I rarely talk about crypto.  Again if you can't get crypto or anything else about markets, then I can't help you.  ETFs?  Options?  Borrow a stock?  A call?  A put?  You're very smart.  So, I will let you explain things....

He's got to be messing with you. 
Title: Re: Crypto Meltdown
Post by: Bakeacake on June 17, 2022, 04:04:31 pm
I genuinely think he might have alzheimers. Losing his memory, repetition of the same thing constantly. If its not that, then the alternative might be something chromosomal.
Title: Re: Crypto Meltdown
Post by: Orkblut on June 17, 2022, 04:06:11 pm
The thread title has certainly been apt. All this hullabaloo because crypto fried someone's brain. Better to invest in peanut butter and hot sauce.