Cryptos are like diamonds

Discussion in 'Crypto Assets' started by Pekelo, Apr 8, 2021.

  1. RedDuke

    RedDuke

    first time I heard about it fall of 2013. It was trading around 400. Few days later I was sitting across a table at the party with the guy who was building exchange to trade it, and he could not explain to me what this thing was. Then of course 2017 came. I was planning to invest when it hit rock bottom around 3-4K but knew about Tethers then and figured it was a ponzi. Which it still kinda is, but it does not matter. My stupid stubbornness about Tethers made me miss this great opportunity.

    now it is too late. 100x is gone. Oh well, can not get them all, making money elsewhere.
     
    #11     Apr 9, 2021
  2. Pekelo

    Pekelo

     
    #12     May 1, 2021
  3. destriero

    destriero

    It's HODL, dude.

    BTC trading is decentralized. Diamonds are traded by appointment. Forks are not fungible, and neither are manufactured diamonds. Go sell BTC and see if your offer trades at 30% of the best bid. It's a stupid analogy.

     
    #13     May 1, 2021
    johnarb likes this.
  4. When everyone is on one side of the trade, the boat tips over.
     
    #14     May 2, 2021
    carlineatwood likes this.
  5. Sprout

    Sprout

    Pekelo’s analogies are like a broken clock claiming to tell the correct time.

    When the market cycles into bear, we’ll hear ‘See I told you I was right!’

    Yeah, a re-trace might become a major trend reversal, but not today.
     
    #15     May 2, 2021
    johnarb likes this.