Markets and crypto jumped off a cliff. Why?

JR_Rustler_III

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Zerohedge is reporting that Blackrock and Citadel are denying any involvement in the Terra/Luna bloodbath but why on earth would they admit it if they were involved? They don't have to answer to any regulators so they are in the clear here.

 

Rauta

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So crypto fags are more fags than stock market fags?

Who is the most/least fag?

Are mineral currency investors fags as well?

Is there any non fags from all the fags?

LOL
That would be the ones who invest in steel and lead...
 

Gio

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We’re seeing a secular shift take place right now. We went from a high growth low inflation/interest rate environment to a low growth, higher rate environment. The meta verse is fake bull shit. The next decade real assets will outperform. Tech, growth stocks & crypto are finished.
I don't invest in anything. Like most Americans I don't have the extra money laying around to lose in investment scams.
so you lose your ass to inflation. The dollar has lost 99% of its value since the creation of the federal reserve. There’s deflationary periods where it’s good to own dollars. But once the fed prints again, it devalues even more
 
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Gio

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Interesting take. I don't understand how we'd have dollar deflation though? Fiat currencies always inflate until they collapse. We're seeing inflation of commodities and consumer goods as expected but I've heard people like Johnny Bravo talk about upcoming deflation and I don't get how it'd be possible with a ballooning money supply.

There was deflation during the Great Depression but the dollar was backed by gold then.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." Thomas Jefferson

I’ve posted this quote literally 50x on this forum. this is the j’s game. The fed/j’s use this system to get ultra wealthy. They restrict the money supply to cause deflation, buy all of the assets up for Pennies. Start printing money or inflate. They get filthy rich by creating a bubble & get all of the idiots buying at the top, they tighten the money supply causing deflation & do it all over again. They’ve been doing this even before Jesus
 
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Andrew Anglin

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Charles Hoskinson, the pussy, already deleted the tweet. He posted an image explaining the theory about Blackrock. Here is a website having the deleted tweet in it:
Though I don't have a way to look into it, it seems like it's probably true, frankly.

Even though they are supposedly standardizing BTC in the government, there is no law against doing shit like this.

Screen Shot 2022-05-12 at 5.24.32 AM.png
 

Andrew Anglin

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I don't invest in anything. Like most Americans I don't have the extra money laying around to lose in investment scams.
How are you both a genius - smarter than everyone on earth - and poor?
 

Garfisch

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CuzinEd

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How are you both a genius - smarter than everyone on earth - and poor?
It takes more than intelligence to be successful in the US. You need money. Without the money you aren't going anywhere. You need to spend money to make money. You want to make a lot of money? You need to spend a lot of money.

I never said I was a genius or smarter than everyone on earth. I said I am smarter than a lot of people on here.

It also sucks being part of the excess population.
 

Andrew Anglin

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KosherLampshade

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Look at what happened to Russians having assets of all kinds seized around the world. That's not possible with Bitcoin
Well, actually it is, if your crypto is held in a wallet you don't control, like Coinbase. Coinbase will literally shut you down and steal your money.
 

V.I

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Though I don't have a way to look into it, it seems like it's probably true, frankly.

Even though they are supposedly standardizing BTC in the government, there is no law against doing shit like this.

View attachment 100381
It’s interesting that post collapse everyone acknowledges that Anchor’s 20% yield was a ponzi, but pretends to not understand that all yields, including eth Proof of Stake and all DeFi protocols with liquidity pool staking rewards are dependent on ever increasing FLOWS of new capital to appear to have value. There’s no real economic activity producing real wealth behind any of this: they just put a facade of traditional financial jargon β€œrehypothication, collateralization, securitization, leverage” on what is essentially token seigniorage (money printing). As long as enough new money comes in, you don’t get dilution so people don’t realize that it’s a massive ponzi.

Also, inb4 β€œDefi is the future Wallstreet.” No, Amazon AWS is more efficient and cheaper in every metric. Since ETH (as one example) isn’t really decentralized, what’s the point?
 
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KosherLampshade

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It’s interesting that post collapse everyone acknowledges that Anchor’s 20% yield was a ponzi, but pretends to not understand that all yields, including eth Proof of Stake and all DeFi protocols with liquidity pool staking rewards are dependent on ever increasing FLOWS of new capital to appear to have value. There’s no real economic activity producing real wealth behind any of this: they just put a facade of traditional financial jargon β€œrehypothication, collateralization, securitization, leverage” on what is essentially token seigniorage (money printing). As long as enough new money comes in, you don’t get dilution.

Btw, no real money can pay yields. Only securities can, which puts the lie to blockchains masquerading as digital money (money is the socially agreed value of time. Yields are the opportunity cost of current vs future money).
Financial stuff is like reading Chinese to me, lol. All I know is I got in on crypto when ETH was $70, then I traded that for BTC, and now I've got some BTC with very little cash invented (relatively) so I'm just gonna sit on it. Bitcoin has crashed before. I think it'll go back up eventually, even if it takes years.
 

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Well, actually it is, if your crypto is held in a wallet you don't control, like Coinbase. Coinbase will literally shut you down and steal your money.
If you don't hold the keys, you don't own the bitcoin.

It's been that way since Day One. Unfortunate that some people have to learn the hard way.
 

Enigma

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Financial stuff is like reading Chinese to me, lol. All I know is I got in on crypto when ETH was $70, then I traded that for BTC, and now I've got some BTC with very little cash invented (relatively) so I'm just gonna sit on it. Bitcoin has crashed before. I think it'll go back up eventually, even if it takes years.
You always have to buy deep and sell never or at least sell high. Problem is lots of herd people jump on running trains and then lose nerves when their assets are over 50% down and sell everything.

It's always the same story and the warning signs were there as always.

Hope some took my advice in January:



I actively trade stocks and now at least sit on a good amount cash to reinvest it once the market bottoms while my active positions get dragged down by the market. If ever, it's possible we see the end of the dollar empire and this is the final burst, I know it was predicted often, but back then the Fed always could flood the market with cheap FIAT money. Now they can't and even do the opposite, trying to prevent hyper inflation

Recession with high inflation together is the situation. The fed is in a dead end because for recession you need to lower interests and for inflation you need to raise it.

But holding cash is risky too because of inflation, that's why it's good to choose a middle way, so you can buy cheap if it gets bloody and it can get really bloody if the Fed doesn't keep printing.
 

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The stock market is a well know scam. They have been fleecing people with the stock market, especially boomer since the 80's.

Crypto is a new scam. Most of the people involved in crypto are upper income millennials which means a small minority of people. Most millennials are lower middle class. They can't afford to get involved in the scam of buying money. The millennials getting involved in the crypto scam are boomer tier. Just like the actual boomers that fall for the the old precious metals scam run by Jews. Most of the precious metals are owned by Jews.

Precious metals are usually aimed at boomers. It's why you see some obese boomer walking around on the deck of an old mothballed US warship talking about investing in gold/silver and protecting IRA's or whatever shit boomers worry about. Which is one of the reasons why I said I hope the crypto scam collapses soon because I don't want to have to watch some obese middle aged horseshoe balding millennial boomer walking around talking about crypto.

Precious metals are scam for the same reason crypto is. Whenever you have someone claiming that something is more valuable and telling you that what you have is losing value but they want to sell you their valuable stuff you should be smart enough to know it's best to walk away. If not you are just a dumbass. Gold and silver value drops and people sell it off. Some hold onto it of course. But the majority of them sell it. Then they come back again in a few years and buy it back from the Jews at inflated prices after lengthy doom-splain campaigns. Rinse and repeat.

I would say the precious metal boomers are slightly better off because they can actually hold their gold and silver. No one has any physical cryptos. That is if they are boomers that didn't get involved in the paper gold and silver scam.

It's all boomer tier.
I don’t see how that answered my question.

stock/crypto, I'm going to presume both are fags. which is the bigger fag?

you ended with boomers.
are you saying boomers are not fags?

LOL
 

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Zerohedge is reporting that Blackrock and Citadel are denying any involvement in the Terra/Luna bloodbath but why on earth would they admit it if they were involved? They don't have to answer to any regulators so they are in the clear here.

Do they have to provide accurate information to avoid getting sued by their investors or from regulators?

If they did it, why not just stay silent rather than make a bigger story down the line when the truth comes out?

Well, actually it is, if your crypto is held in a wallet you don't control, like Coinbase. Coinbase will literally shut you down and steal your money.
What stops metamask or other wallets shutting you down? Someone already talked about geo-locking wallets to stop Russian using them. I seem to remember there was a scandal recently where metamask turned out to be storing some of wallet data on the cloud.
 

KosherLampshade

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What stops metamask or other wallets shutting you down? Someone already talked about geo-locking wallets to stop Russian using them. I seem to remember there was a scandal recently where metamask turned out to be storing some of wallet data on the cloud.
I mean, probably nothing? My BTC is in a physical wallet that I control. If your bitcoin wallet is hosted on some 3rd party service like Coinbase or anything else, then yeah, they can steal it.
 

ghosteroven

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I honestly do not understand these "algorithmic stablecoins" and never paid any attention to them. Obviously the Wall Street Jews were paying attention though!

Anyway, the Wall Street Jews are going to have to start covering their shorts at some point in the near future, and it will be interesting to see where the BTC price winds up after they get done buying it all back.
Tron(TRX), which is oddly doing pretty well through the downturn released their stablecoin, USDD. Near Protocol did the same not that long ago.

Near is taking a shit and maybe the Tron stablecoin release hype bump countered the selloffs.
Maybe these coins are done for too?
 

Andrew Anglin

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We're already back testing 30k.

Screen Shot 2022-05-12 at 6.01.38 PM.png

I don't really even think this is a big deal. It will likely stay down for a week or two and start climbing again.

Everyone obsesses over support, and while I don't run complex math equations, it seems that support being broken doesn't really matter that much if it regains it within hours.

I think people are going to start cutting some shitcoins, which will be good for Bitcoin. But it's obvious that whoever did this did it on purpose for the purpose of buying more Bitcoin, so... if whoever engineered the Terra implosion (I think it probably was some Jew money company) wants more Bitcoin, then I think it's safe to say they believe its value is going to go up. I've been predicting that there would be some event that would cause the price to massively plunge so that institutions could gobble it up, and that seems to be what happened. Someone bought a bunch of it today.
 

Arminius

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Buy now or wait?
 

Andrew Anglin

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Buy now or wait?
I cannot advise.

I have been expecting a drop to 20k, but if that happens it will only last for a few minutes. If you have somewhere you can place orders, it might not be a bad idea to put some at 21k. But it might not go any lower than this.

No one really has any idea, frankly. All of this shit is so shady and shadowy, the mechanics of it are completely opaque, aside from hype and the basic flows of hour to hour ups and downs.

The panic is over now. But the thing is, if one of these Jew companies has enough, they can dump and try to induce another panic. I would tend to think that anyone who was going to sell already sold, and what's left are people who are comfortable riding it to 3k. The whales who dumped will be buying more now. But the whales are always prepared for a dump. They have their own systems off of the exchanges that trigger on dumps. So whales buying doesn't mean anything, really. They will move with Jew dumpers, and dump and buy accordingly.

It's really just luck, I don't advise anyone to buy if they are planning to sell. If you're not planning to sell, then the entry point is basically irrelevant, because there will always be new ATHs. The idea that Bitcoin is going to collapse is dumb. I think the Terra collapse is going to seriously affect shitcoins of all stripes and sort of separate the wheat from the chaff. As Village Idiot said above, all of these coins paying out lunatic APY are ponzi schemes. You can make a shitton of money on that stuff if you know what you're doing, of course, but Bitcoin is the only valid asset.

And Monero. Monero will be big, because it provides liquidity and an on and off ramp for people trying to keep their shit private.
 
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