Is crypto dying?

[Anonymous]

I could not tell you what crypto was if you put a gun to my head, but I have an account in Coinbase and made enough money to give one of my kids $150,000 for the down payment for their house. So anything I earn from here on in is gravy.

So, you paid real money for something that you didn't understand at all and got lucky. Broken clocks are right twice daily, too.

[Anonymous]

Anonymous wrote:Once enough people and institutions are invested in something that it becomes too big to fail, well, then it's too big to fail. Remains to be seen if Bitcoin is Lehman Brothers or Goldman Sachs. I'm betting on the latter.

This. The institutional and sovereign capital flowing into bitcoin is staggering.

[Anonymous]

Anonymous wrote:Once enough people and institutions are invested in something that it becomes too big to fail, well, then it's too big to fail. Remains to be seen if Bitcoin is Lehman Brothers or Goldman Sachs. I'm betting on the latter.

Like CDOs

[Anonymous]

Anonymous wrote:

Anonymous wrote:Once enough people and institutions are invested in something that it becomes too big to fail, well, then it's too big to fail. Remains to be seen if Bitcoin is Lehman Brothers or Goldman Sachs. I'm betting on the latter.

Like CDOs

Exactly, my CDO are worth as much as before GFC. It’s not like they just bail out institutions and mark down the assets.

[Anonymous]

This country is in no way prepared to regulate crypto to the extent needed to ensure its safety and soundness if it becomes a significant part of the economy. Good luck to all of us.

[Anonymous]

I hope crypto dies. Lazy people who think they can just money by gambling need a reality check. Our desire to be quick as soon as possible and as much as possible has just gotten way out of control.

I hope crypto crashes badly.

Now what will happen if the US government steps in to bail out crypto?

[Anonymous]

The whole point of crypto is that it is decentralized, i.e., divorced from conventional financial institutions, including the oversight involved.

So what really is there to “bail out”? No US bank is holding their Tier-1 capital in crypto. And the likes of Microstrategy have no effect on the overall US economy.

[Cryptwhale]

Anonymous wrote:For all you crypto diehards, what are your thoughts about it tanking this week?

Looks like a correction — too much leverage, shaky market sentiment, and some panic selling. Nothing new for crypto; long-term believers like me usually see dips like this as opportunities.

[Anonymous]

Crypto is for criminals. And suckers.

[Anonymous]

I just put in more during the dip.

[Anonymous]

Cryptwhale wrote:

Anonymous wrote:For all you crypto diehards, what are your thoughts about it tanking this week?

Looks like a correction — too much leverage, shaky market sentiment, and some panic selling. Nothing new for crypto; long-term believers like me usually see dips like this as opportunities.

HODL!!

[Anonymous]

Anonymous wrote:I just put in more during the dip.

Only down 15% in 12 days. Since the dip

Double dip!

[Anonymous]

Anonymous wrote:The whole point of crypto is that it is decentralized, i.e., divorced from conventional financial institutions, including the oversight involved.

So what really is there to “bail out”? No US bank is holding their Tier-1 capital in crypto. And the likes of Microstrategy have no effect on the overall US economy.

Trump can buy a few $billlion using taxpayer money or Fed printer, to prop up the price some can sell his personal stash. Pump, dump, pull rug, repeat.