The Crypto Thread

LeBron goes on another playoff run

People buy LeBron TopShots

Entire NFT market goes up

Entire crypto market goes up

Regular stock market goes up

Utopia

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My brother approached me a couple months ago about crypto advice. I informed him about it all, and stressed to keep it simple. During that time I think he was happy he got in, but clearly showed quite a bit of nerves at times. He just told me he sold today, at a small loss. I mean, I understand where heā€™s coming from even though Iā€™m not going anywhere. At least heā€™s an experience richer.

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Fair, but that also is what makes it fun. Itā€™s like that myth about blackjack, how if you play with a player who is bad it makes you lose. Except itā€™s true here, though if you adjust your strategy to account for that itā€™s +EV.

Dude is gonna have to cut off and pawn his diamond hand soon for food.

Gambling in a casino is fun too though. That doesnt mean Iā€™m taking my life savings there and risking it for the fun.

Flying a kite is fun. Itā€™s not going to cost me multiple tens of thousands of dollars in the 2 hours I do it though

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Well, Iā€™ve always advised people here to not shove their life savings, and if theyā€™re starting to trade then do the absolute minimum to get the hang of it, like literally 10ish dollars.

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When you talk about ā€œthe same peopleā€ in crypto that do X and Y you sound like a 70 year old talking about ā€œthe people on redditā€ as if theyā€™re a monolith lol.

At least you went from pretending you werenā€™t feeling schaden to justifying that your schaden is somehow righteous lol.

ok so we know who to blame gotcha

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Nah, Iā€™m still not feeling it. But people being aghast that some might is pretty funny to me.

I didnā€™t sell the top either but this is what the 5th/6th time this exact same cycle has happened now? This thing getting popped was always a matter of when not if. Give it a couple years and we will see another mania phase.

Disclaimer: I am never right about stonks or crypto movement.

Nobodyā€™s aghast. It was predictable. Literally mentioned in here several times that during a bull run every moron influencer that throws a dart and lands on a winning shitcoin thinks theyā€™re a genius and during a bear cycle every no coiner thinks their ignorance is finally being proven right.

Saw this last cycle. Will see plenty of it all day today/tomorrow/whenever. If crypto continues downwards all of the useless noise will disappear (good and bad) and 60% of people will completely forget about BTC until the next bull cycle, in perpetuity. This is the song that never ends (yes it goes on and on, my friend).

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https://twitter.com/EnronChairman/status/1395019174448009219

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hahaha I started smoking at 7 when things looked a little dicey and pounding the vape around 9 when there wasnā€™t a spare moment to go outside

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https://twitter.com/TrungTPhan/status/1395020540620857352

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folks weā€™re gonna meme through it

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Just seen some solid investment advice on twitter from a

Binancian. Crypto Predictor | Married & happy. Holder of [#BNB!coffee, photography, history & defence.

https://twitter.com/bitconan/status/1394600443565772802

Seems pretty simple tbh guys.

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https://twitter.com/DarkerKnight/status/1395024677903364104

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https://twitter.com/crypt_hoes/status/1395025863083577350

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I have never and will never understand why LTC isnā€™t zero.

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