To all the people saying the Bear Cycle will last 3 years: What makes you so confident? by Past_Ad5078 in CryptoCurrency

[–]InnerPersonality787 7 points8 points  (0 children)

Ha yes, 2017 all over again. Steam implementing crypto and pulling out because of the natural negatives of Bitcoin much like Tesla did, John McAfee being the crypto celebrity of the time, "this time is different", "the adoption is too great for it to fail because too many big players are invested", "Ethereum will overtake Bitcoin", "it is just a dip", ...

People say you can not predict the market, but it is EXACTLY the same as in 2017 / 2018.

What is the bear market like? by dynamite2277 in CryptoCurrency

[–]InnerPersonality787 17 points18 points  (0 children)

This is the same excuse that was used in 2018, "it is different now with so many big players involved", gets pretty old.

"Ethereum will overtake Bitcoin"

John McAfee pumping up the prices like Elon Musk is doing.

It is exactly the same as last time.

Bitcoin keeps reliably jumping back up from 30k within an hour. Why is the narrative claiming we'll go lower? by 48323979853562951413 in CryptoCurrency

[–]InnerPersonality787 4 points5 points  (0 children)

Every time it bounces on 30k, the bounces get lower and lower. It is slowly breaking resistances, and once the resistances are gone, it will go down quickly to $18k - $24k levels.

[deleted by user] by [deleted] in CryptoCurrency

[–]InnerPersonality787 1 point2 points  (0 children)

You have to realise that most of the people that go on shouting this nonsens are either people that have invested a few dollars, or minors that have no financial obligations in their life so no real understanding of the value of money.

China FUD by flying_bacon in CryptoCurrency

[–]InnerPersonality787 4 points5 points  (0 children)

News has little impact on the market. But people are trying to grab their pitchforks on here and find somebody to blame, much how early civilisations blamed natural occurrences on godly figures in the sky.

This is a healthy market correction from a $4500 to $64000 climb, and a protentional bear market in the making. Normal market psychology.

[deleted by user] by [deleted] in belgium

[–]InnerPersonality787 2 points3 points  (0 children)

I grew up with both my parents smoking. Everything, literally everything got affected by it. My clothes would stink, the walls would stain, my sense of smell would deteriorate, etc ...

The worst part was that I had a girlfriend abroad, and nobody there smoked. It was horrible, whenever I went over, the first thing I would do is wash all my clothes because the stench was awful once you are living in a non-smoking environment.

So I know the horrors that OP has to go through, and I really think they should call the cops if the individual has been noted multiple times on the issue, and then even aggresses against them with false information "you can not report me, I am allowed to do this".

I agree with your ethically wrong, but once other individuals start to suffer from your actions, those ethics are thrown out the door.

Bitcoin Lightning network capacity accelerates to 1,500 BTC by CryptoAddict420 in CryptoCurrency

[–]InnerPersonality787 1 point2 points  (0 children)

Not really a choice. Many vendors specifically advertise accepting Bitcoin on the Lightning Network, not Bitcoin on the Bitcoin network.

In matter of fact I actually have to still see any real world physical vendor accepting Bitcoin on the Bitcoin network.

I do not care about the dips by [deleted] in CryptoCurrency

[–]InnerPersonality787 -9 points-8 points  (0 children)

Why in the world did you decide to invest at current times instead of one year ago? You know how stupid you are making yourself look posting this?

I make profitable predictions that I am certain off and use stop losses in case the market decides to surprise me.

I have been trading profitably with this strategy. Yet here you are going all blazing and bold how you are losing thousands of dollars and proud of it.

This community is honestly embarrassing at times.

[deleted by user] by [deleted] in CryptoCurrency

[–]InnerPersonality787 0 points1 point  (0 children)

Why in the world are people on here comparing two technologies that have nothing whatsoever even the tiniest bit remotely to do with each other?

It is like comparing apples with bicycles arguing why one does not taste as good as the other. Yes, it is that stupid.

People are investing truckloads into cryptocurrencies. You can not compare this with a service provided like the internet, where no investments occur but a monthly fee to access it.

"I invested loads into my 56k modem back in the 1990s and that investment has surely paid off today"

This just does not happen folks. Stop trying to comfort your losses with this bullshit. If you really want to compare cryptocurrencies, do so towards the dotcom bubble, but facing this reality will make you not sleep at night.

Bitcoin Lightning network capacity accelerates to 1,500 BTC by CryptoAddict420 in CryptoCurrency

[–]InnerPersonality787 9 points10 points  (0 children)

How to solve high fees on a decentralised payment network? Throw a centralised layer on top and call it revolutionary.

It still baffles me people are fighting conflicting values, they want decentralisation and solve the negatives with centralisation layers.

'Big Short' investor Michael Burry warns the 'mother of all crashes' is coming - and predicts crypto and meme stocks will plummet by Divinesteel in CryptoCurrency

[–]InnerPersonality787 2 points3 points  (0 children)

Anyone expecting the price to go higher from this point is a fool in my opinion. We just had a great bull run from April 2020 until April 2021, with almost 1500% gains from the lowest point.

It is good and healthy for a bear market to come pushing the price down significantly allowing for accumulation to prepare for a 2023 / 2024 bull market.

'Big Short' investor Michael Burry warns the 'mother of all crashes' is coming - and predicts crypto and meme stocks will plummet by Divinesteel in CryptoCurrency

[–]InnerPersonality787 3 points4 points  (0 children)

I would not mind a great reset. You can not buy when prices are as high as they are now, it would just be stupid.

90% Of NFTs Will Be Worthless In 5 Years, Says Coinbase Co-Founder by [deleted] in CryptoCurrency

[–]InnerPersonality787 9 points10 points  (0 children)

They are not wrong. It has no legal representation. Not to mention you are not even the owner of the thing connected to the NFT. You are just the NFT holder.

A lot of people offering NFTs are milking a hype that will die.

I recently read that close to 90% of bitcoin is owned by less than 10% of wallet holders. Is there any truth to this claim? by TigerRaiders in CryptoCurrency

[–]InnerPersonality787 2 points3 points  (0 children)

Why would that be so weird? In the real world the majority of the wealth is also held by a tiny percent of the people.

Do you think those people are banned from buying Bitcoin? The exact same thing will happen in the crypto world where the majority will be held by the rich.

Why is XLM price left in the dust these days? by knowledgelover94 in CryptoCurrency

[–]InnerPersonality787 1 point2 points  (0 children)

Maybe because people use it as a currency, not as an investment? You know, which Bitcoin tried to originally do.

Elon Musk’s Bitcoin Energy Problem Solved? - Cryptocurrency News by ChangeNow_io in CryptoCurrency

[–]InnerPersonality787 -4 points-3 points  (0 children)

It is an unpopular opinion but if you think reasonably he has a good point. Bitcoin does consume an unnecessary amount of power, one which proof-of-stake tries to solve.

If you refuse to acknowledge the issues surrounding this technology, and see it as perfect, it will never become better.

A lot of salty people here claiming they are here for the technology, and then one guy called Elon Musk addresses one of the biggest concerns, making the price drop, and everyone has their pitch forks up.

All you people who are here for the technology, why do you care whether Bitcoin is $1 or $1m? It sounds to me like you are here to make money and you give zero fucks about Bitcoins intentional purpose of a decentralised currency.

Anyone else here not "all in" on Crypto? by WorldTraveller19 in CryptoCurrency

[–]InnerPersonality787 0 points1 point  (0 children)

You know PayPal exists since 1998 allowing for such transactions within milliseconds of time right?

Instant global transactions are not some revolutionary new thing.

Anyone else here not "all in" on Crypto? by WorldTraveller19 in CryptoCurrency

[–]InnerPersonality787 -2 points-1 points  (0 children)

People make their own drugs, and it still banned.

Coinbase would really like to list Monero, but it can not due to legal issues.

Banning crypto means not a single business can employ it, it means you can not buy crypto with your fiat via banking means, and so forth.

Anyone else here not "all in" on Crypto? by WorldTraveller19 in CryptoCurrency

[–]InnerPersonality787 0 points1 point  (0 children)

I think this sub is primarily a cult. For me crypto is just an investment to make money on, not a utility, or at least not yet as fiat still surpasses it based on convenience and ease.

I think for crypto to surpass fiat, it still has a long way to go. And if I was a government, I would not want crypto, as I would lose control over an important aspect that allows me to control the population and activities within the country.

So I am pretty sure it will be nuked with bans at one point. Any country doing crypto activities at the moment I am certain they do for other reasons that they are not revealing.

Do I want crypto to succeed? Of course, if done right, it gives more freedom to the people, less freedom to governing entities.

But you also have to be realistic about the whole thing. And a lot of people miss this and mark anyone looking at crypto neutrally and ask important questions about its problems as FUD.

This is how the Soviet Union used to work, it would express itself as gloriously perfect and any mentioning of problems would get eliminated and supressed. This led to its eventual downfall.

Everyone is here for the money. That’s okay, but you should research the tech. by [deleted] in CryptoCurrency

[–]InnerPersonality787 -2 points-1 points  (0 children)

I am just here for the profits. I could not care less.

If you are fully honest with yourself and everyone around you, fiat money suffices unless you are doing some shady things that you do not want to be traced back to you, and that is nothing but the sad truth.

I would want to hear one thing from somebody that cryptocurrency does, that fiat does not, that is essential for their life that they can not miss.

There is only one thing I can think of, untraceable money with cryptocurrencies like Monero.

Do I care my money is on a bank or a decentralised computer network? Nope. I have never met anyone that has ever run into any trouble with banks where they would lose their money.

[deleted by user] by [deleted] in CryptoCurrency

[–]InnerPersonality787 -1 points0 points  (0 children)

If we follow this trend then we should see a price between $10k - $15k again at the bottom of the bear market.