BTC up $5k in the last 24hrs

[phaz0rz]

Has anyone here been faithful enough to stay invested in Bitcoin during the downturn over the past year or so? If so, today is probably a fun day for you.





I still think BTC is cool but it's unfortunate how the tech has been turned into a tool for profit/financial manipulation. I was sitting on a little over a hundred dollars worth before today.

[murdered_by_ebay]

it is a rally engineered for midterm elections , I would get out by late october and not wait much longer

the issue on crypto is speculative funding , money flows in and flows out without getting invested long term that is why the only broad market rise that is reliable is a fundamental one , election manipulation means it will go down soon as fundamentals in the economy are abysmal

[phaz0rz]

It's the same with stock markets. Everything has been gamified so now everyone is gambling.. just with varying levels of sophistication.


As for crypto, the time to "get rich HODLing" is long gone. There's too much money involved now and it's been institutionalized.

[murdered_by_ebay]

crypto is just more violent because stocks have a lot of long capital while crypto is more like high and low tide

[ahmaed]

Gold will reach $5000

[agent006140]

Originally Posted by ahmaed

Gold will reach $5000

it could happen tomorrow or next week.
Any one of you who wants to sell gold,do not sell on EBay and pay FEES,I know a gold dealer who is registered to sell direct to US govt.
You tell him what you have (carat and weight),he will presell to US govt and then offer you a price.
You sent him the gold and he will deposit your check in your bank account or send you a check.
No FVF fee,no credit card fee and no INAD,INR disputes

[phaz0rz]

I just got a postcard in the mail earlier this week from a metal dealer on the other side of the country that I bought from a few years ago. You know the market is doing well when they're able to afford bulk mailing cold customers from a database..

[rsot]

I have money in BTC that is just speculation - longterm holding, not worried about needing it so here's hoping it jumps back up

[james_112233]

Been in the game for a while now and thankfully it's worked out so i'm no longer fearful of any major dips, it's just another opportunity to buy if I have the means to do so at the time.

[phaz0rz]

What were your entrance positions though? Have any of you actually made a decent profit just by having diamond hands and not selling?


Feels like even the guys who were originally super confident in crypto as an investment have long since abandoned the positions that could've made them rich.