Bad Crypto Investing Advice

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Furious
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Re: Bad Crypto Investing Advice

Post by Furious »

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President says the T word and billions in crypto value vanish. Can't say that I approve of tax-and-spend policies. If I would have sold that one Bitcoin today it'd be worth about $12k less. *shrugs*

Days like this you just rembember the big plan and put ice on your kicked-in naughtyparts. :shock:
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Furious
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Re: Bad Crypto Investing Advice

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and BTC is close to $58k again *shrugs*
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Maeve
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Re: Bad Crypto Investing Advice

Post by Maeve »

So, the past week was really fun, right Furi?

Is dogecoin any good?
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Furious
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Re: Bad Crypto Investing Advice

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Maeve wrote: Fri May 14, 2021 3:32 pm So, the past week was really fun, right Furi?

Is dogecoin any good?
DOGE has had 10x growth in the last month, so by that metric, yes!

By 'good investment' standards though... you know how people look at me cross-eyed for talking about BTC and I look at other people cross-eyed for talking about ETH (which is also doing extremely well right now)? Well me and the ETH people look at DOGE cross-eyed. There's no true valuation of DOGE other than the cool marketing for it. It's a real pump and dump; a lottery ticket that could pay off if you're paying attention. So if you have a few hundred bucks that you were planning to use at the casino, go for it if you want to, HOWEVER, note that one tweet from Mr Musk can obliterate 33% of DOGEs value. BTC's in a slump right now, but it's not from tweety Musk, it's from hedge funds pulling out money (from crypto and stonks and one hf just whipped out $600MM in junk bonds) to pay for the upcoming short squeezes.

How likely are the short squeezes to happen? Vanguard just bought $30MM in AMC recently and the bad hedge funds are losing millions per day in interest on shares they have to buy...

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Furious
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Re: Bad Crypto Investing Advice

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*snorts*
It's possible the BTC correction I predicted is starting a few months early? More likely (and other interweb meatheads agree) that this crash is the hedge funds doing. Looks like ETH is even taking a larger hit. If BTC stays this low (or goes lower) after the AMC/GME zaniness ends, this will be a huge buying opportunity...

Am I upset that BTC isn't around 60-70k right now? Not really. I'm in this for the long haul. :P
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Furious
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Re: Bad Crypto Investing Advice

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If I had the moneys to buy more BTC, I'd be doing it. Gotta let the hand play itself and not be:

Me: AAAAAAAAAAAAAAAAAAAAAGH WHY IS IT GOING DOWN?

and

Me: AAAAAAAAAAAAAAAAAAAGH WHY ISN'T IT GOING DOWN I WANT TO BUY MORE!

:roll:
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Furious
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Re: Bad Crypto Investing Advice

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>down to $37k

still holding. Hands of diamond. Me from 2035 threatened to give me a purple nerple if i didn't.
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Furious
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Re: Bad Crypto Investing Advice

Post by Furious »

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BTC is holding steady (and I actually want it to go down in the next two months) and AMC doubled in price in the last 4 days. What a show!

*takes an antacid* :shock: :D
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Furious
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Re: Bad Crypto Investing Advice

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Around 9amCST I was up about $55k on my AMC investments today alone. :shock: It normalized since but June 2nd is the big shareholder count day. 550MM shares + allegedly the 1B+ synthetic shares hedgies have to account for.

June will be BIG for AMC. With the profits, I may be able to afford an XBox Series X bundle... maybe.
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