Detournement Posted May 29, 2022 Share Posted May 29, 2022 Lol 1 Quote Link to comment Share on other sites More sharing options...
Satoshi Posted May 30, 2022 Share Posted May 30, 2022 4 hours ago, gaz5 said: Why was it a "fantastic time to buy" and for what outlook? This sort of message does crypto no more good than it does the stock market. It's the same "buy the dip", "Diamond Hands", "HODL" madness you see on Twitter every day. If you're talking short term trading buy, with a view to selling quickly. Indeed, it was If you're talking long term buy: you're about 8k and potentially 4-5 months early IMO (and certainly far too early to be calling a bottom). I caught a long, that I'm now out of with profit. I'm waiting for the retest for another quick in and out and I have the first of 5 shorts planned at the long target then more all the way up to 39k, the last of those being a large short targeting 21.9. It's a fantastic time to buy for two reasons: 1) It just had a fairly big dip 2) The price will almost certainly be higher in the future Your plan, presumably resting on technical analysis, is to wait until it hits the bottom (or close) and buy, and then maybe sell at the top. Which is an excellent strategy, and the first person to do it consistently will quickly become the richest, most famous person of all time. If you hold a lot of cash your options are fairly limited. Inflation is taking a big chunk out of cash reserves and the stock market and crypto is plunging - there's very few safe places to put money now. So, naturally, I have it in all three and I'm moving from my cash reserve into crypto and the stock market. Will both go lower than today? Almost certainly. Will they go higher? Also, almost certainly. So refer back to my first two conditions above, when there's a big dip it's a good time to buy. And if you want to wait for a bigger dip, fair enough, it's a strategy that will work sometimes and fail sometimes. If I was a US citizen I'd be all over the Treasury I-Bonds of course what a deal, but even that's $10-$15k per person. I don't think there is anything wrong with suggesting buying now, nor is there anything wrong with pointing to a chart and predicting what will happen in future. Do what's right for you. And, of course, sell your house and plow it into Floki. It's time. -2 Quote Link to comment Share on other sites More sharing options...
Detournement Posted June 5, 2022 Share Posted June 5, 2022 Apes all gone. It's never stops being funny. 4 Quote Link to comment Share on other sites More sharing options...
Zetterlund Posted June 5, 2022 Share Posted June 5, 2022 10 minutes ago, Detournement said: Apes all gone. It's never stops being funny. These scams are an almost daily occurrence. It's amazing people experienced in crypto keep falling for them. In a way it's inevitable that someone who will spend 800 grand on a jpeg will one day do something silly and lose it. 0 Quote Link to comment Share on other sites More sharing options...
DiegoDiego Posted June 5, 2022 Share Posted June 5, 2022 Apes all gone. It's never stops being funny. You're a pretty warped individual to laugh at the misfortune of others. -2 Quote Link to comment Share on other sites More sharing options...
Bairnardo Posted June 5, 2022 Share Posted June 5, 2022 You're a pretty warped individual to laugh at the misfortune of others. But.... What about making a point to strangers on the Internet? 0 Quote Link to comment Share on other sites More sharing options...
Detournement Posted June 5, 2022 Share Posted June 5, 2022 3 hours ago, DiegoDiego said: 4 hours ago, Detournement said: Apes all gone. It's never stops being funny. You're a pretty warped individual to laugh at the misfortune of others. But it's guys who paid for JPEGs of monkeys. 7 Quote Link to comment Share on other sites More sharing options...
strichener Posted June 5, 2022 Share Posted June 5, 2022 9 hours ago, DiegoDiego said: 10 hours ago, Detournement said: Apes all gone. It's never stops being funny. You're a pretty warped individual to laugh at the misfortune of others. This misfortune was being stupid enough investing in this nonsense In the first place, the outcome was entirely predictable. There ain't any normal punters going to make their fortune from NFTs. 0 Quote Link to comment Share on other sites More sharing options...
DiegoDiego Posted June 5, 2022 Share Posted June 5, 2022 This misfortune was being stupid enough investing in this nonsense In the first place, the outcome was entirely predictable. There ain't any normal punters going to make their fortune from NFTs.Regardless of your claim, it's still poor form to laugh at it. -2 Quote Link to comment Share on other sites More sharing options...
SuperSaints1877 Posted June 5, 2022 Share Posted June 5, 2022 18 minutes ago, DiegoDiego said: 1 hour ago, strichener said: This misfortune was being stupid enough investing in this nonsense In the first place, the outcome was entirely predictable. There ain't any normal punters going to make their fortune from NFTs. Regardless of your claim, it's still poor form to laugh at it. The joke has backfired on all those greedy stupid b*****ds who don’t understand what they are gambling on. Where do we draw the line when it comes to the humour police? 0 Quote Link to comment Share on other sites More sharing options...
vikingTON Posted June 5, 2022 Share Posted June 5, 2022 1 hour ago, DiegoDiego said: 2 hours ago, strichener said: Regardless of your claim, it's still poor form to laugh at it. The Northern Rock meltdown thread currently residing in the P and B Gold section says otherwise. Commiserations on your loss. Spoiler 0 Quote Link to comment Share on other sites More sharing options...
vikingTON Posted June 5, 2022 Share Posted June 5, 2022 On 30/05/2022 at 05:36, Satoshi said: It's a fantastic time to buy for two reasons: 1) It just had a fairly big dip 2) The price will almost certainly be higher in the future Your plan, presumably resting on technical analysis, is to wait until it hits the bottom (or close) and buy, and then maybe sell at the top. Which is an excellent strategy, and the first person to do it consistently will quickly become the richest, most famous person of all time. If you hold a lot of cash your options are fairly limited. Inflation is taking a big chunk out of cash reserves and the stock market and crypto is plunging - there's very few safe places to put money now. So, naturally, I have it in all three and I'm moving from my cash reserve into crypto and the stock market. Will both go lower than today? Almost certainly. Will they go higher? Also, almost certainly. So refer back to my first two conditions above, when there's a big dip it's a good time to buy. And if you want to wait for a bigger dip, fair enough, it's a strategy that will work sometimes and fail sometimes. A 'dip' assumes that there is some inherent floor and market value for the commodity being traded (a barrel of oil, for example). That's just not the case with crypto: it is simply the largest pyramid scheme yet assembled by speculative capitalism. I'm sure those buying Dutch tulips and South Sea stocks during their 'dip' were handsomely rewarded. 1 Quote Link to comment Share on other sites More sharing options...
Satoshi Posted June 6, 2022 Share Posted June 6, 2022 1 hour ago, virginton said: A 'dip' assumes that there is some inherent floor and market value for the commodity being traded (a barrel of oil, for example). That's just not the case with crypto: it is simply the largest pyramid scheme yet assembled by speculative capitalism. I'm sure those buying Dutch tulips and South Sea stocks during their 'dip' were handsomely rewarded. Bullish on tulips (also missed out on not creating this meme coin). Also I thought this bump meant another dip but apparently not, oh well. Guess I'll just keep accumulating for now. Best to only invest what you can comfortably afford to lose. 1 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted June 7, 2022 Share Posted June 7, 2022 (edited) On 05/06/2022 at 11:52, DiegoDiego said: You're a pretty warped individual to laugh at the misfortune of others. The losers in these situations are the people who assume that there will be bigger fools down the line who’ll pay even more only to find out they were the fools at the end of the line What has been done to them is exactly* what they were intending to do to others later. Laughing at these people getting their comeuppance isn’t “warped” it’s a normal human reaction. It’s the kind of thing that’s been a comedic staple for millennia * Technically they’re intending to sell on for even more overinflated prices so it’s arguably worse Edited June 7, 2022 by topcat(The most tip top) 3 Quote Link to comment Share on other sites More sharing options...
SuperSaints1877 Posted June 7, 2022 Share Posted June 7, 2022 52 minutes ago, topcat(The most tip top) said: The losers in these situations are the people who assume that there will be bigger fools down the line who’ll pay even more only to find out they were the fools end of the line What has been done to them is exactly* what they were intending to do to others later. Laughing at these people getting their comeuppance isn’t “warped” it’s a normal human reaction. It’s the kind of thing that’s been a comedic staple for millennia * Technically they’re intending to sell on for even more overinflated prices so it’s arguably worse I get the feeling @DiegoDiego has bought into this scam. 0 Quote Link to comment Share on other sites More sharing options...
Satoshi Posted June 7, 2022 Share Posted June 7, 2022 (edited) 1 hour ago, oaksoft said: You should write a book on how to risk losing everything through gambling. Those two "top tips" should form the very first chapter. Happy to ghost write it for you if you want. What's my writing experience you ask? I have 8 credits for writing porn scripts. Except I haven't lost everything or indeed any more than I'm comfortable losing. I'm still earning and accumulating, and overall well up from year ago. So I'm not worried dips (in crypto and the stock market) are arguably good when you're accumulating. I'm not totally convinced on that point for several reasons, but there are certainly benefits to it. Edited June 7, 2022 by Satoshi 0 Quote Link to comment Share on other sites More sharing options...
DiegoDiego Posted June 7, 2022 Share Posted June 7, 2022 I get the feeling [mention=41834]DiegoDiego[/mention] has bought into this scam.Nope. I just think that laughing at the misfortune of others is a pretty sad way to go through life and isn't great for society. Treat others as you would have yourself be treated. 0 Quote Link to comment Share on other sites More sharing options...
Satoshi Posted June 7, 2022 Share Posted June 7, 2022 22 minutes ago, oaksoft said: I didn't say you had. Oh, the book statement relates to what then? 0 Quote Link to comment Share on other sites More sharing options...
topcat(The most tip top) Posted June 7, 2022 Share Posted June 7, 2022 (edited) 50 minutes ago, Satoshi said: Oh, the book statement relates to what then? Presumably it relates to your "Fantastic time to buy" quote that literally preceded the book statement He's saying that you're dishing out crap advice rather than saying that you're actually following that crap advice I hope this helps Edited June 7, 2022 by topcat(The most tip top) 0 Quote Link to comment Share on other sites More sharing options...
Fraser Fyvie Posted June 7, 2022 Share Posted June 7, 2022 Why don’t you all short it down to 0 if it’s just a big bubble? -2 Quote Link to comment Share on other sites More sharing options...
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