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Thread: The crypto market in a nutshell!

  1. #1
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    The crypto market in a nutshell!

    Bitcoin could plunge 70% to $5,000, Standard Chartered predicts, in possible 2023 ‘surprise’

    https://www.cnbc.com/2022/12/05/btc-...-predicts.html

    Tim Draper predicts bitcoin will reach $250,000 next year despite FTX collapse: ‘The dam is about to break’

    https://www.cnbc.com/2022/12/05/tim-...-collapse.html

    Both stories are front page on CNBC website now…

    This is the biggest scam in our lifetime…
    Religion is doing what you are told no matter what is right. Morality is doing what is right no matter what you are told...

  2. #2
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    Quote Originally Posted by tn1911 View Post
    Bitcoin could plunge 70% to $5,000, Standard Chartered predicts, in possible 2023 ‘surprise’

    https://www.cnbc.com/2022/12/05/btc-...-predicts.html

    Tim Draper predicts bitcoin will reach $250,000 next year despite FTX collapse: ‘The dam is about to break’

    https://www.cnbc.com/2022/12/05/tim-...-collapse.html

    Both stories are front page on CNBC website now…

    This is the biggest scam in our lifetime…
    The charts predicted this awhile back. It's just taking a bit longer than I expected.

  3. #3
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    Quote Originally Posted by tn1911 View Post
    This is the biggest scam in our lifetime…
    I can't believe it still has wheels. I get emails from DSGarms and at the bottom they say "we take crypto". WTF?
    "What would a $2,000 Geissele Super Duty do that a $500 PSA door buster on Black Friday couldn't do?" - Stopsign32v

  4. #4
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    It’s a Ponzi Scheme. I have maintained this position since learning about crypto currency.

    People who are desperate to get rich quick for little work or outlay are vulnerable to Ponzi Schemes. I have little sympathy for them.

  5. #5
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    Quote Originally Posted by Coal Dragger View Post
    It’s a Ponzi Scheme. I have maintained this position since learning about crypto currency.

    People who are desperate to get rich quick for little work or outlay are vulnerable to Ponzi Schemes. I have little sympathy for them.
    I'm with Coal Dragger on this one.
    I've got the same reaction when I Private told me about losing all him money playing Three Card Monte at the Atlantic airport. "Thought you were gonna get rich, didn't you?

  6. #6
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    In my personal life everyone that I knew that was talking about crypto wasn't someone I typically thought of as wise. They were all gambler types.
    Let those who are fond of blaming and finding fault, while they sit safely at home, ask, ‘Why did you not do thus and so?’I wish they were on this voyage; I well believe that another voyage of a different kind awaits them.”

    Christopher Columbus

  7. #7
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    Exactly.

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