Lol, that's actually a GREAT question. I'm looking at the ride-up to pre-Covid near March 2020 compared to where we are at now. Short-term, it probably falls quite a bit more. But right now it looks surprisingly resilient to me. The BS stocks are all dead. NNDM, lulz. WKHS, lulz. Luna?
Yeah, but the BS stocks have been dead for months. I'm more concerned with the rest of the "real" stocks like the MSFTs, AAPLs, XOM, CVX, etc. Some people are ready for those to tank, too. We'll see. Nobody knows. lol. In the meantime, I bought into stuff here and there, and I'll probably buy into some more if/when the market drops a bit more. I'm still not biting on crypto yet, though. Too skeert.
Is there any estimate of how many billions of dollars in bitcoin was wasted buying drugs and other similar things back in the early days? I would think buying an ounce of coke or whatever would cost a lot more than a pizza.
Anybody have the stats for african elephant poaching from 2016 onwards? I think I've discovered a correlation proving that bitcoin is murderous!
Meanwhile in El Salvador... https://slate.com/technology/2022/05/bitcoin-el-salvador-nayib-bukele.html Leveraged bets seem to be a common theme with btc.
It's a pattern until it's not a pattern. Humans are interesting.....always looking to justify bullsh** especially when it's money related.
Its science until its not science. Bitcoin bottom $300,000 in 2027. (hyperinflation, not volume and adoption)
Remember when Commodore was telling people a year ago it was their last chance to buy at under $60k? And when he was promoting the Stock to Flow pattern? And how he was 100% sure it would be at $100k or more last year? He seems to use twitter to validate his hopes, but doesn't bother with accuracy... In 2013 ... bitcoin didn't crash at all. In 2015, it went down to $220 and spent most of the year well under $300. In 2018, it never got down to $3000. And why isn't 2021 mentioned, since it crashed to $30,000 then too?
Lol, I'm by no means a great stock/crypto trader.. But I also recall telling him to buy calls in RIOT during that crazy run up, and I don't think he caught what I was saying... Like the percents to be gained on that was basically printing money. Another example was MARA. Ie the posts regarding using a stim check for btc, lol Until BTC functions on its own or doesn't follow the market cycles, I think it's basically something you need to trade frequently and only put in what you're willing to lose (more so than typical stocks etc.) since it moves all the time.
Hao Jia and Chung Wook Ahn are among those who had their job offers rescinded after they agreed to join the cryptocurrency exchange company. When Hao Jia received an email from Coinbase that his job offer had been rescinded, he was on his way to watch "Top Gun: Maverick," the blockbuster movie starring Tom Cruise. Jia's girlfriend had asked him to watch it for her because she was in China, where the film has not been released, and couldn't see it herself. Jia, 25, continued on to the movie theater and watched the film, despite being emotionally overwhelmed. After Jia secured the job offer from Coinbase (COIN) in early April to work as a software engineer, he had turned down another opportunity at business software maker Oracle (ORCL) for a similar role, and terminated his interview processes with other tech companies, like Google (GOOGL) and Uber (UBER). Now, as an international student on an F-1 visa, he has about four months to land a job in the U.S. Otherwise, he will have to leave the country.
People getting a price prediction wrong is just another Tuesday and happens across every trading space known to man. His overall point is fairly salient though. Bitcoin has been declared dead many times over and yet manages to keep chugging along.
Price prediction being wrong and bullsh** tweets are two diff things. It seems like people take tweets from anyone, and particularly people with blue checkmarks as some peer reviewed study...
