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The effect of a stock market correction/crash on cryptos? 4 replies

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Is Bitcoin about to crash?

  • #301
  • Dec 25, 2019 3:20pm Dec 25, 2019 3:20pm
Quoting TudorIoan
{quote} Cetral banks are not idiots. They don't back up morons, nor losers
Central banks are clueless, economists have now realized they don’t have a clue on how current tools in the shed have an affect to global economic landscape. They are walking blind and if you don’t hedge you will be the pig in the middle.

i think your a lemming though.. waive while you are falling off the cliff I give you 5 points for trying to understand the situation we are in.
  • #302
  • Dec 25, 2019 11:39pm Dec 25, 2019 11:39pm
Quoting sidhujag
{quote} Central banks are clueless, economists have now realized they don’t have a clue on how current tools in the shed have an affect to global economic landscape. They are walking blind and if you don’t hedge you will be the pig in the middle. i think your a lemming though.. waive while you are falling off the cliff I give you 5 points for trying to understand the situation we are in.
Hohohooo, very funny, oh, yes, I guess you are lemming along with your bunch of crypto cult of lemurs and chimps... is it that your tamer who's offering you 10 cookies this time and you whish to share half of it in the spirit of Christmass ?!? LOL
Come on, seriously, we already have McAfee crackheads and Niff-Naff-KPiggy LOL
Member
  • #303
  • Edited Dec 26, 2019 1:35am Dec 25, 2019 11:40pm | Edited Dec 26, 2019 1:35am
Quoting sidhujag
{quote} Central banks are clueless, economists have now realized they don’t have a clue on how current tools in the shed have an affect to global economic landscape. They are walking blind and if you don’t hedge you will be the pig in the middle. i think your a lemming though.. waive while you are falling off the cliff I give you 5 points for trying to understand the situation we are in.
Oh, ok, so the central banks are greenhorns, they don't know anything and you can predict the estabilishment's Apocalypse, all good ! LMFAO

Your endlessly arrogantly claim that you hold the supreme wisdom and everybody else in the system is dumb... it's sooo teeny, sooo barefaced !!

It's ridiculos. Because:
- you got nothing but an utopic "new money project",
- you got a crazy volatile chart,
- you got half of the crypto cult (addresses) involved in illegal activities,
- your toy is not scalable (only this alone can ruin everything)
- average one single transaction require the amount of electricity needed to power up 1.57 American households per day (only this alone can ruin everything),
- the interface between the blockchain and the user proved dirty, distrustful, hackable, vulnerable ..." the new middle man" is compromised, ...not to mention the McAfee-Nox-Kpmg clowns,
- no trust, no security, no decentralisation, no sustenability
.....
Member
  • #304
  • Edited Dec 26, 2019 1:41am Dec 25, 2019 11:41pm | Edited Dec 26, 2019 1:41am
Quoting sidhujag
{quote} Central banks are clueless, economists have now realized they don’t have a clue on how current tools in the shed have an affect to global economic landscape. They are walking blind and if you don’t hedge you will be the pig in the middle. i think your a lemming though.. waive while you are falling off the cliff I give you 5 points for trying to understand the situation we are in.
Even if someday you'll manage to pull out all this technical crypto mess, you'll end up with sort of "gold standard", "bitcoin standard"... Meaning a deflationary financial instrument. This concept is long time gone for good.

But you don't seem stupid.
So it must be something else. I really whish you to be a crook, honestly. Or a paid trumpet as an excuse. Otherwise, what was once a common but boosted ego, now it has become some sort of serious mental condition in your case.
So even if being against the system looks cool mostly for teeny brains, your only excuse is that you're deep in this business and losing... and it's ok to be extremely bised, ...or to speculate robbing the naive, ...or get paid as a shill.
Otherwise you must be ill, my friend. (and I am not trying to make an offence)
Member
  • #305
  • Dec 26, 2019 9:12am Dec 26, 2019 9:12am
Where are you, McAfee-Nox-Kpmg clown ?
Member
  • #306
  • Dec 29, 2019 6:07pm Dec 29, 2019 6:07pm
Quoting TudorIoan
Where are you, McAfee-Nox-Kpmg clown ?
Your more hopeless than it seems. Yes it is known that economists have gotten it wrong just as every other time we tinkered with monetary policies ever we got it wrong.. avg age of a currency is 30 years so it’s time we try a system we can’t modify. The deflationary concept is the only way to solve that problem unless you introduce centralization.. Nash was headed there with basket and gdp based inflation but in the end work = gdp because energy efficiency is the ultimate root of value for everything we produce anyway.
  • #307
  • Edited Dec 30, 2019 6:59am Dec 29, 2019 11:02pm | Edited Dec 30, 2019 6:59am
Quoting sidhujag
{quote} Your more hopeless than it seems. Yes it is known that economists have gotten it wrong just as every other time we tinkered with monetary policies ever we got it wrong.. avg age of a currency is 30 years so it’s time we try a system we can’t modify. The deflationary concept is the only way to solve that problem unless you introduce centralization.. Nash was headed there with basket and gdp based inflation but in the end work = gdp because energy efficiency is the ultimate root of value for everything we produce anyway.
And you are blind and obsessed of an arrogant sick Nash.
Typical behaviour from you, the cult freaks
How many "Nashing" days took you to analyze my idea about deflationary toxic effect because of the limited monetary supply ?
Stop it, you don't get it anyway ! You're too obsessed of your shit.

There's no doubt for the world's sane economists that deflationary spiral was proved by the history as the cause of deepening of the economic recessions down to depressions. Even theoretically... any rigid artificial "value standard" generates spiraling risk aversion which cripples the economy-the-mother-of-all-value, ..it's fkn elementary !!!
Otherwise you read many things but you learn nothing !

Anyway you put and twist, the systemic deflation is a plague.
Limited money supply is the most stupid idea and it can only be vomited by half-witted frustrated losers... maybe hidden-Marxist lost souls ?!

Born dead idea, for a google-half-witted anarchist gossiper, only copy-paste a rigid and toxic system just to follow blindly an insane deviant guru Nash ...forget it, it doesn't make you look smarter
Member
  • #308
  • Dec 29, 2019 11:14pm Dec 29, 2019 11:14pm
Quoting sidhujag
{quote} Your more hopeless than it seems. Yes it is known that economists have gotten it wrong just as every other time we tinkered with monetary policies ever we got it wrong.. avg age of a currency is 30 years so it’s time we try a system we can’t modify. The deflationary concept is the only way to solve that problem unless you introduce centralization.. Nash was headed there with basket and gdp based inflation but in the end work = gdp because energy efficiency is the ultimate root of value for everything we produce anyway.
Ohohohooo !!!
Everybody knew what was the ultimate root of value, except you lousy amateur, you said time ago that bitcoin has intrinsic value, omfg, whatta moron !
Anyway, in your Marxist utopic world, I bet everyting is fixed, stationary, rigid: money supply, salaries (as some atomic fraction of gdp), planned economy...
You're definitely out of reality, you typical cult cow !
Member
  • #309
  • Dec 29, 2019 11:57pm Dec 29, 2019 11:57pm
Quoting TudorIoan
{quote} Ohohohooo !!! Everybody knew what was the ultimate root of value, except you lousy amateur, you said time ago that bitcoin has intrinsic value, omfg, whatta moron ! Anyway, in your Marxist utopic world, I bet everyting is fixed, stationary, rigid: money supply, salaries (as some atomic fraction of gdp), planned economy... You're definitely out of reality, you typical cult cow !
The only problem is the first mover advantage which means anyone in now is at a big advantage compared to next generation, but that is a tradeoff people are willing to take compared against central policies and corrupt individuals.
  • #310
  • Edited 8:21am Dec 30, 2019 1:23am | Edited 8:21am
Quoting sidhujag
{quote} The only problem is the first mover advantage which means anyone in now is at a big advantage compared to next generation, but that is a tradeoff people are willing to take compared against central policies and corrupt individuals.
Please, you try to deviate attention from the fundamental issue.
Stop using such fallacies, my friend !

1. Fundamentally, is not the first mover advantage matter (btw, is not necessarily an advantage for the first mover related to the final outcome)
Fixed monetary supply is fundamentally a wrong concept. So it's not a matter of time, generation, open or narrow mind, or point of view...
- if you detonate a grenade in your mouth you're gone, that doesn't change in time, and it's not a matter of point of view...
- if putting a man on the moon seemed impossible once, it doesn't mean that pigs will possibly fly one day..
- if a small percentage of population smoke crack it doesn't mean that it's just a matter of time until everybody will smoke crack...
- if a policeman is corrupted, it doesn't mean it's something wrong with the police...
- if you've burnt your fingers in real life taking risky investments, it doesn't necessarily mean the government is criminal because they bail out some of the private "greedy" banks...
(mind that the origin of systemic debt is credit, meaning you, otherwise the common butthurt taxpayer spending money you don't earn ...so ultimately you will pay "the systemic debt" because your thoughtlessness create it ...always fair! )

I do respect your beliefs, dreams, but excuse me, you crypto guys use to validate facts by generalising hypothesis ...or sort of cherry picking... and that makes me angry because it's kind of insulting for a sane person (never mind the McAfee-Nox-K_Pmg clowns)

2. In generally, street people are ready to tradeoff blindly anything ...if is against the powerful.

3. "Next generation" is always experimenting... it's good, ok, if not them, who else then ?! But have you seen the bottom of their iceberg ? Yes, the losers army is way much larger because the new gen they're ignorants or they read history without understanding the meaning, the essence... so the most of them they are keep repeating it

Long story short, a wrong fundamental idea is not only a matter of perspective.
It never works.
Member
  • #311
  • Dec 30, 2019 2:43pm Dec 30, 2019 2:43pm
Quoting TudorIoan
{quote} Please, you try to deviate attention from the fundamental issue. Stop using such fallacies, my friend ! 1. Fundamentally, is not the first mover advantage matter (btw, is not necessarily an advantage for the first mover related to the final outcome) Fixed monetary supply is fundamentally a wrong concept. So it's not a matter of time, generation, open or narrow mind, or point of view... - if you detonate a grenade in your mouth you're gone, that doesn't change in time, and it's not a matter of point of view... - if putting a man on the moon...
It never works. Like inflation based currencies? What is your hypothesis based on when I told you avg age of central policy backed currencies is 30 something years? Trust me the first thing I had a problem with was deflation when learning about bitcoin but it’s pretty quickly dispelled when facing alternatives, besides there are other markets that have proven to survive in deflationary environments.

I think you keep missing the core arguments why it exists.. and it’s not to solve problems in the first world as it is as much to solve problems in the second and third worlds. It levels the playing field and creates a global economy what was the goal of globalization in 1990s. When facing alternatives the risks are outweighed by the positives. There is nothing that is perfect. Every option that is better reaches an asymptote of perfection where no perfect answer exists. One is merely better than the others enough for the world to appreciate and that is what bitcoin represents. A better form of money enough for people to appreciate because it helps globalization more than usd ever is able to dream of.

even after bitcoin there may be better forms or twists that are better but not enough for the global economy to appreciate so it stays as the global reserve. Disruption happens when there is a need. Economists have proven we can’t rely on them and thus they need to be disrupted out of the system because after all they are human and susceptible to the same problems that five year olds have when you take away their toys.
  • #312
  • Dec 31, 2019 8:41am Dec 31, 2019 8:41am
In 2017 on this thread, I called the top on Bitcoin. Today, I'm predicting a very bad year for this cryptocurrency, it is screaming short and looks like dropping back to
$5000 or lower.
  • #313
  • Jan 4, 2020 9:24am Jan 4, 2020 9:24am
Quoting cat
In 2017 on this thread, I called the top on Bitcoin. Today, I'm predicting a very bad year for this cryptocurrency, it is screaming short and looks like dropping back to $5000 or lower.
Hopefully not. BTC is stable at $7.3K so far and really hoping it won't go down to what you've predicted. A lot of people will be heartbroken if it happens. I remember a friend bought BTC at around $16-$19k two years ago, she is still holding on to it until now since it'll be a loss when she lets go of it.
  • #314
  • Jan 4, 2020 9:57am Jan 4, 2020 9:57am
Quoting CryptoFan
{quote} Hopefully not. BTC is stable at $7.3K so far and really hoping it won't go down to what you've predicted. A lot of people will be heartbroken if it happens. I remember a friend bought BTC at around $16-$19k two years ago, she is still holding on to it until now since it'll be a loss when she lets go of it.
BTC is stable at $7.3K so far... ??????
You're right, CryptoFan, correct statement! .....dear Money God, where are those people coming from ?!? Ignored.
Member
  • #315
  • Jan 4, 2020 1:56pm Jan 4, 2020 1:56pm
Quoting TudorIoan
{quote} Cetral banks are not idiots. They don't back up morons, nor losers
...they backed Bernie Madoff

Actually, that was HSBC ... which technically is not a CB.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #316
  • Jan 4, 2020 2:33pm Jan 4, 2020 2:33pm
Quoting TudorIoan
{quote} BTC is stable at $7.3K so far... ?????? You're right, CryptoFan, correct statement! .....dear Money God, where are those people coming from ?!? Ignored.
I am not expecting any new move in this month; not at all!
  • #317
  • Jan 4, 2020 2:41pm Jan 4, 2020 2:41pm
Quoting Exodus
{quote} ...they backed Bernie Madoff Actually, that was HSBC ... which technically is not a CB.
Hm, yeah, HSBC is not a CB and Madoff doesn't seemed a loser at that time

CBs are not facilitating money laundering by drug cartels, as evidence found against HSBC or moving money for Saudi banks tied to te_rr_ori_st groups.

CBs are regulators. Their task is to mentain ...stability.
They are not perfect, but in generally they do a good job.
Member
  • #318
  • Jan 4, 2020 2:45pm Jan 4, 2020 2:45pm
Quoting NeilWagner
{quote} I am not expecting any new move in this month; not at all!
Yeap, I guess will lag within regular minor pumps and dumps until the halving... then big spike up and big slide down at the minimal mining rentability zone ...usual crypto business.
It's embarrassing because it shows the level of global stupidity. I mean people show interest in a computer file coming from ...nothing ...no inherent value !
Member
  • #319
  • Jan 29, 2020 12:33am Jan 29, 2020 12:33am
Quoting TudorIoan
{quote} Yeap, I guess will lag within regular minor pumps and dumps until the halving... then big spike up and big slide down at the minimal mining rentability zone ...usual crypto business. It's embarrassing because it shows the level of global stupidity. I mean people show interest in a computer file coming from ...nothing ...no inherent value !
The game is on buddy; 7% gain in the last 24 hours!! Bitcoin Halving issue??
  • #320
  • Jan 29, 2020 1:18am Jan 29, 2020 1:18am
Quoting NeilWagner
{quote} The game is on buddy; 7% gain in the last 24 hours!! Bitcoin Halving issue??
Oh yeah, I'm going right now to the bank to liquidate all my funds and life savings and buy bitcoin
Remeber, last halving ended in a laughable crash ...-85% !
Same pyramid scheme, same crypto crooks, same fools, ...idiots repeat history expecting different results ...they never learn
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