Who had that Bitcoin target price prediction?

r32

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For the first time since 2018, I'm starting to see some real capitulation sentiment for ALTs, on social. Lot of people thinking this might be the crypto winter that finally sends a lot of shitcoins to 99% down from ATH, from which they probably would not recover.

If this current range is distribution, then we could see BTC at 19 or 12 again. Choose your long hodl coins carefully.
 

casa_mugrienta

Duke status
Apr 13, 2008
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For the first time since 2018, I'm starting to see some real capitulation sentiment for ALTs, on social. Lot of people thinking this might be the crypto winter that finally sends a lot of shitcoins to 99% down from ATH, from which they probably would not recover.
This is the sort of stuff that leaves one puzzled.

How did they not see this coming from way out? Price chasing a bunch of coins and memes in a casino environment of boundless liquidity thanks to the monetary policy so many of them supposedly hate?

Fortunately many of them are still young and can afford to lose money IF things get back to "normal" (though aside from the eventual Fed pivot short term stimmy/rate cut this very well might not happen in the long term - see most other stock markets on the planet).

Same goes for the dummies who thought wind and solar were gonna be running the planet any day now.

It seems both of these groups thought they were younger and wiser than those who were actually older and wiser.

When I see this sort of attitude I immediately become cautious.


 

casa_mugrienta

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Do you have some?
No.

See my previous posts as one of the lone crypto contrarians here.

I don't like to own anything that has no real value and does not translate into the physical world.

Right now crypto is just price chasing.

In the future that might change.

But I think regulation is coming. And maybe somehow centralization - while I know this is the polar opposite of blockchain I don't think we can entirely say with total certainty it is somehow immune from some form of centralization as all things tend to drift towards centralization in ways we can't necessarily forecast...and then move back towards decentralization...
 
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Autoprax

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Jan 24, 2011
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No.

See my previous posts as one of the lone crypto contrarians here.

I don't like to own anything that has no real value and does not translate into the physical world.

Right now crypto is just price chasing.

In the future that might change.

But I think regulation is coming. And maybe somehow centralization - while I know this is the polar opposite of blockchain I don't think we can entirely say with total certainty it is somehow immune from some form of centralization as all things tend to drift towards centralization in ways we can't necessarily forecast...and then move back towards decentralization...
I thought that too.

Speculation is a trip.

I'm not made for it.

But I wish all the best for those who are.

<3
 

LifeOnMars

Michael Peterson status
Jan 14, 2020
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For the first time since 2018, I'm starting to see some real capitulation sentiment for ALTs, on social. Lot of people thinking this might be the crypto winter that finally sends a lot of shitcoins to 99% down from ATH, from which they probably would not recover.

If this current range is distribution, then we could see BTC at 19 or 12 again. Choose your long hodl coins carefully.
I'm a buyer at 12k, waiting until the end of the year early next year to start acoomulating.
 

casa_mugrienta

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Apr 13, 2008
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let's start a metaculus on the odds of erBB cryptobros suiciding by year's end.
What about cryptobros starving to death?

According to the cryptobros they are all hodling and never selling.

This will not end well when they need to eat and pay rent but refuse to liquidate their hodls so they can buy a $20 can of vienna sausages.

:confused:
 
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r32

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Reminder of general rule of thought, when JP Morgan or Goldman Sachs is...

pimping crypto = generating demand to sell into
shitting on crypto = ready to accumulate lower
 

LifeOnMars

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Jan 14, 2020
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What about cryptobros starving to death?

According to the cryptobros they are all hodling and never selling.

This will not end well when they need to eat and pay rent but refuse to liquidate their hodls so they can buy a $20 can of vienna sausages.

:confused:
try buying vienna sausages with your combi yellow rock bars

only dummies hold depreciating assets to the bottom

crypto can easily be liquidated with the click of a finger

it's not wise to religiously subscribe to any investment dogma
 

r32

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Big day for LUNA tomorrow.

May 27 (Asia time zone)

LUNA / UST trading is suspended for all exchanges
Snapshot will be taken
LUNA becomes LUNC (LUNA Classic)
UST becomes more obsolete and maybe delisted?

LUNA 2.0 (LUNA) is launched on overseas exchanges.

***

May 27 (US time zone)
Coinbase suspends trading for WLUNA and UST
Snapshot will be taken
WLUNA (becomes WLUNC ?)
UST becomes more obsolete and maybe delisted?

Coinbase has not said if they will re-enable trading for WLUNA but I assume they will at some point?

***

UST went big today with a 75% pump, followed by another 45% pump. Not bad for a dead coin.
 

SurfFuerteventura

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Sep 20, 2014
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Same goes for the dummies who thought wind and solar were gonna be running the planet any day now.

It seems both of these groups thought they were younger and wiser than those who were actually older and wiser.

When I see this sort of attitude I immediately become cautious.
Going Solar this next month. With 200€ per month electric bills, a 10knor 12k layout doesn't seem like a dummy move to me.

Electric constantly rising. But say it stays fixed at 250€ per month, which it will surely surrpass at the current 150-300% annual increases seen until today.

250x12= 3000/year

Even at 12k that's paid for itself in 4 years.

Real dummy move, especially with the 10 year manufacturers warranty?

Nut much to do with crypto, especially as I will be taking my home, and my neighbors, off the grid.

Oh, forgot to mention, he's agreed to pay me 150€ monthly for his electric.

IE: it pays off even sooner.

:shrug::socrazy::computer:;)
 

casa_mugrienta

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Apr 13, 2008
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Going Solar this next month. With 200€ per month electric bills, a 10knor 12k layout doesn't seem like a dummy move to me.

Electric constantly rising. But say it stays fixed at 250€ per month, which it will surely surrpass at the current 150-300% annual increases seen until today.

250x12= 3000/year

Even at 12k that's paid for itself in 4 years.

Real dummy move, especially with the 10 year manufacturers warranty?

Nut much to do with crypto, especially as I will be taking my home, and my neighbors, off the grid.

Oh, forgot to mention, he's agreed to pay me 150€ monthly for his electric.

IE: it pays off even sooner.

:shrug::socrazy::computer:;)
That wasn't what I said was a dummy move.

A dummy move is setting ridiculous climate goals due to the absence of unrealistic perspectives of how energy needs work.

You are running your house - no A/C, fireplace - off solar.

What you are doing in your low-energy home is smart.

It's a great when it comes to individual applications like yours in temperate climates or when you have no problem tolerating the more extremes of climate.

Running the state of California with it where having the A/C on full blast for much of the year is essential in addition to other year round climate controlled applications can't happen from a technological sense.

Then comes the drop-off in productivity and limited lifespan of the infrastructure, not to mention the fact it's productivity is sensitive to weather and the limitations of battery capacity.

And the opposition to wind re: birds, etc that complicates it from an environmental perspective.

Using renewables to generate and store enough electricity to power modern civilization as we know it in most parts of the developed world isn't possible short of a miracle.

There are a few places on earth where it is close to possible - maybe even probable. Norway for instance, and Fuerteventura as well (if they were able to further expand wind turbines - I think you mentioned bird issues).
 

ghost_of_lewis_samuels

Phil Edwards status
Oct 27, 2019
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No.

See my previous posts as one of the lone crypto contrarians here.

I don't like to own anything that has no real value and does not translate into the physical world.
Yet you're here so much, a place with negative value even. Spending so much of your time, which is worth so much more than real world money - complaining about crypto from the sidelines. Strange stance.
 

casa_mugrienta

Duke status
Apr 13, 2008
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Yet you're here so much, a place with negative value even. Spending so much of your time, which is worth so much more than real world money - complaining about crypto from the sidelines. Strange stance.
I don't complain about crypto.

Crypto never did anything to me.

If you want to gamble your money go for it.

What drew me here is the fervent religious passion of cryptobroz that I encounter in the real world who are always pumping crypto.

Cryptobroz always step up against naysayers to passionately defend their religion too - makes it fun.

I'm here for the entertainment value.

Consider you avatar for a moment - I'm sure you can relate - how much time did you and others here waste on the Flat Earth thread??? :roflmao: