Cryptocurrency

[jamesbrown]

I assume there will be a dead cat bounce somewhere near the bottom where people pile in at what they perceive to be the bottom. It's history repeating itself here

The best indicator of a dead cat bounce is when scootie calls the "forever bottom" (or "the MF" in trader jargon).

[AtW]

https://theodoregreenbaum.medium.com...f-55303bbd7a23

"They are digitally counterfeiting US dollars without any capacity to redeem them for their customers, and those make-believe dollars have been the primary driving force behind the enormous crypto bull run we’ve seen so far in 2021."

If true

[d000hg]

I assume there will be a dead cat bounce somewhere near the bottom where people pile in at what they perceive to be the bottom. It's history repeating itself here

Well we're only -25% again now, up from -45%. A few brave people made a mint, most brave people lost their shirt. I'll wait a bit

[AtW]

""If all of Tether’s clients tried to cash out at once, a maximum of 2.94% would be able to redeem their digital dollars for real dollars, which is probably why the company has changed their Terms of Service to say that they have no obligation to redeem issued Tethers for real dollars."

[_V_]

Well we're only -25% again now, up from -45%. A few brave people made a mint, most brave people lost their shirt. I'll wait a bit

[DealorNoDeal]

This stuff goes up and down like penny stocks, rather than a $2 trillion market.

I guess that's what you get when most of the players are under 30 and hopeless gamblers.

[Whorty]

Is it time to buy in yet? What does Master Scooty say?

[jamesbrown]

I guess that's what you get when most of the players are under 30 and hopeless gamblers.

There's also a very strong demand from bunker-bound, conspiracy-peddling, backwoods-dwelling, thick-as-mince, cryptocretins who are over the age of 30.

[AtW]

Are cryptobankers jumping out of windows yet?

[_V_]

There's also a very strong demand from bunker-bound, conspiracy-peddling, backwoods-dwelling, thick-as-mince, cryptocretins who are over the age of 30.

Old people: Buy this dividend stock son, it's been around 50 years and deliver 3% compounded growth pa. In 40 years it will pay for your retirement
Gen Z: Ok boomer, how about you stick your boring boomer stock, and instead I put just $1000 into crypto/SPAC/NFT and haz Lambo in 3 weeks?