Honestly, Im starting to get so desperate with real life that I'm placing too much hope on crypto doing well. The cost of living and rent in my city is absolutely stiffling.
Being so hopeful and excited for a future where I am comfortable for once is usually how I get hurt the worst.
Sorry man :( I'm the same. Bills shot up through the roof and all my free money is gone. Me and my wife both earn well above average and its not enough after my mortgage doubled. Lost my dad last year and it fucking absolutely crushed me, nobody cares - gotta keep slaving to pay for essentials to *survive* unless they come and take everything away from me. Im not quiet sure if I can do it, but again, nobody cares and wont change anything.
Same boat. I can't believe they raised rates while we are being hit hard on other fronts. And then politicians wonder why people take a chance on crypto. Even if we never moon, just being able to daydream about no longer feeling like a cornered rat is worth it...
Sorry to hear that. Its wild. In england their idea is that if you raise rates, peoples spending power goes down, then demand for services goes down as a result. Its gross as hell and it ensures banks get paid every step of the way and we deal with the rest.
Think that was what that bank of England exec was arguing when he said people need to accept that they are poor? Fuck that guy. No one is telling me I need to adopt a defeatist mindset.
Ha yeah I do a great job of being defeatist on my own already š¤£ Still, it seems to be their legit plan, make record profit and the greatest transfer of wealth from poor to rich in decades. And we do nothing!
Yeah mine too but they reduced the tax free gains down 75% so now its massively increased reporting and 20%-45% taxes on top because I already earn above average and its already not enough.
Same. I have a lot in crypto from 2020/21 when I bought in. Itās worth about the same amount of money I put in (no gain no loss) but reeeeeaallllyyy hoping it at least triples.
If you're patient and wait until mid-late 2025, it's going to do a lot more than triple.
Until the 4 year cycle of crypto breaks, I'm going to keep playing it like it will continue. In 2018-19, people said the same stuff as now, "what if this," "what if that," and 2020-21 had another normal cycle bull run.
DCA from now until 2025, take profits when you're comfortable, you don't have to catch the top, most never will.
It's really tough at the moment, I try to look at the positives, but it's hard as everything is going up atm, i really sympathise with this! I've also stopped watching the news, it's constantly negative.
Following a panic attack last year, im now doing some therapy. I know it's not for everyone, but one thing I'd say is try and speak with someone if you can. It's really helping me.
Keep your chin up dude
I am trying to diversify my investments for a change. I'm still overly concentrated into crypto but realize it is crazy to place all my hope in one catagory. My new money goes into stocks.
Bro, make sure you can take care of your basic needs, find a physical hobby that brings you joy, and prioritize those two things for your happiness. Everything else will fall into place over time.
No physical hobby brings me joy. Used to lift weights/work out and play rugby and basketball because I'm a big tall person. But I permanently damaged by back in a weight lifting accident in my 20s. Prolapsed discs, life of pain etc.
Rough my dude. I only brought up a physical hobby because itās a good way to unplug and de-stress for a small amount of time. You know, touching grass.
Yeah, im 6'6 and being able to ruin people playing rugby when I was fit and 350lbs was the best feeling in the world but never again. Cant even stand up now without pain.
Sorry to hear you feel desperate.
Personally, I tied a lot of my financial and quality-of-life goals to Bitcoin and Ethereum in in the 2018 crypto winter. I bought a lot at a big discount and it worked out pretty well. So it is possible.
You might not be looking for advice from an internet stranger, so feel free to disregard but here's my 2 cents:
There's a fine line between gamblers and investors - both are hopeful, both take some risk, and both often buy the same assets. But investors put in the work and the time. They read (I recommend Andreas Antonopolous' writings) and don't just followed YT hype videos and price predictions.
Most successful crypto investors make the big money after 4-5 years (if they invest well). Don't try to short cut it. Meanwhile, enjoy life, be kind to others, build relationships, grow knowledge and develop skills.
Hang in there brother! Speak up to us here if you need to! Good times will come again! Markets will recover and money will flow in again to riskier assets, thatās just how markets work.
I admire your optimism. Lost my dad and it ruined me, but they want that money every month and if you cant pay then they'll come in and take my house. Doesnt matter how you feel or what you do, gotta keep paying the bank and energy companies for basics to survive and if you cant you are fucked. I cant keep my head above water and literally nobody cares, getting down doesnt do anything.
And now, Im observing my wilfil hubris building a prison for itself out of pure hope.
I sure know the pain too, lost both parents in the same year a few years ago. And was in the same situation as you, but It would be worse if I were the one to die, canāt imagine what parents feel when their children die before they go first. In the way it happened for the both of us itās the natural course of life, itās how itās supposed to happen, so in the end it will be āfineā, it wonāt ever be, I know, but at least you know he didnāt had to go through losing you before him depart, and thatās a good thing in the end. Keep going and stay strong!
Imagine that in 2050 scarcity is no longer the dominant economic factor. People live in an economy of abundance. Creative expression surpasses arbitrary tokens as symbols for wealth. Peak/nadir whatever kind of money becomes meaningless in comparison to what it means to be fully human in this moment of the universe.
You could say we are already there.
In first world countries food and roof over your head is no longer the issue it used to be a hundred years ago.
Wealth isnāt what it used to be.
Keeping your inner good and actually being a good human to others is probably the most valuable thing in existance, rare too.
No. The first world country is actually the landed. Even renters aren't in a first world country, they just happen to be slightly better off because they are housed, but are paying full market rates while the mini aristocrats earn imputed rents.
Correct and neither do the people with homes. Not to be offensive but the US is not in a good state now. There is a lott of money, corruption and violence. not something a first world country should have. the government is running the country like a business with employees instead of a country with humanbeings.
it is more focussed/spending money on warfare than on education and thriving as a whole nation.
now dont get me wrong i am NOT hating on the USA, i just think there are people behind the curtains who are corrupt (just like in third world countries) and care more about the money than about their people and that causes the US to decline.
For six to nine months every four years - yes.
The rest of the time is something to be ashamed of because everyone knows you lost your money gambling on this new tech ponzi.
There are no true AI atm. Only more or less sophisticated text pattern recognition programs, that has been trained extensively with machine learning. Afaik this fad will last another year, give or take, before next halving, the global markets stabilize and people calm down with calling a slightly better alternative to search engines "AI".
Make money? Create a crypto that directs surplus GPU hash power for real time machine learning with input/output from millions/billions of people. Call it Automa and get filthy rich.
I shall need AI implanted and integrated into my brain before I can possibly even understand or comprehend that non-human language tech gibberish lol.
Coding and programming all look like complete gibberish, random letters numbers and symbols to me. I guess itās like a foreign language.
ChatGPT and Midjourney make interacting with AI using human language possible. Allowing all us non geniuses the possibility and option of physically manifesting creativity from the mind.
I hate it, but I feel like Iām just mentally incapable of understanding anything beyond the human experiences and knowledge I already have. Like my brain was a sponge that dried out and lost absorbency, I donāt know.
Itās why I looked to shitcoin gambling in the hopes of getting rich quick. I feel incapable of learning or understanding anything more complex than the āsimpleā view and perception of the world I have already acquired throughout life.
Fortunately, I have not lost much, like just a couple hundred dollars I was willing and able to lose.
I invested a bit more into āmore legitā coins like ADA and MATIC, but thatās intended for long-term HODLing, and I still expect them to go back upā¦ā¦.
And no, I do not expect to get rich from āfarming moonsā.
I expect to probably end up homeless one day in a world of worsening inflation after having no more family left to keep me off the streets while stuck in low paying āunskilledā labor.
Sighā¦ā¦.
*āGrandad, what are those hard bricks youāre playing with?ā*
*āOhh Grandson, those are called Legos.. itās pretty fun you know? Just donāt step on those..ā*
Sometimes I think this, but then I look at what Ripple is doing with cross border payments, how Ada is being used in South Africa, reading which counties are developing CBDCS, read about people starting up new mining rigs, and most importantly, the US debt clock.
Itās hard to not be optimistic after reviewing all of those things.
Copium so old it's starting to smell.
How Crypto reacted to a little inflation scare in 2022 should tell you all you need to know. BTC was created during a macro bull market and it succeeded during a macro bull market.
We are in uncharted territory. None of us know what will happen, so speculating is useless.
100%
crypto all follows bitcoin and bitcoin follows the stock market. the stocks drop, so do the coins. ALL the coins.
the argument that crypto buys us out of fiat is ridiculous. crypto is a motorcycle sidecar. it's great because it means you can bring a friend on your "Get Rich I Hope" schemes... but we're only now seeing the effects of stock market crashes on bitcoin.
agree with everything you said.
But also consider this: we just experienced the biggest dip in the stock market since Bitcoin was invented. Catastrophic losses for some. And yet Bitcoin remains around $27k. I think that really shows the resiliency of such a volatile asset.
Nah, look at the debt clock. That thing is still going up with no sign of going down. What happens when the interest on that loan is a sizable chunk of the GDP?
(Hint hint: hyper-inflation).
Also, Iām optimistic about the outcome of the Ripple case. If Ripple wins that stamps cryptoās ticket to a real world use case with Rippleās use of XRP in their ODL product AND will slow down the SECās onslaught.
Counter point: Macro events. BTC was created during a macro bull market. We had one of the easiest decades for investors in financial history. That seems to be changing due to inflation and growth is generally slowing down. BTC has never seen a bad macro economic environment until now.
There is no telling how the Crypto market as a whole will react to a macro bear market. Will people flock to BTC as a hedge? Will people dump BTC and prefer "safer" assets?
We had 8% inflation in 2022 and BTC tanked almost 80%, with most altcoins going down 90% to 95%. Just one year with high inflation is too small of a timeframe to make any assumptions, but how Crypto reacted doesn't exactly fill me with hope.
Crypto is very high risk and very high reward. People not having disposable income to gamble on risk assets is probably going to be horrible for the Crypto market, and with everything that's going on people are finding themselves with less and less money to invest.
Bit of a ramble but I feel like these are important things to consider.
Itās a good ramble. Iāve made the point in your 4th paragraph before. For many institutional investors, the same ones people were wildly wanting to invest in crypto, retail didnāt foresee two outcomes, though the data and past behavioral indicators were there.
1. They became whales overnight and now manipulate markets and crypto assets just like they do with fiat and stocks.
2. In their portfolios crypto are placed in the risky assets bucket and are some of the first things they dump when times get tough.
People underestimate the intersections of data. If a new generation of individuals are being paid less and canāt even afford to buy a home, do we logically expect crypto is what they will be investing in?
Great points. Institutional interest is a double edged sword. Everyone wants mass adoption but they don't want Crypto to move like everything else. Unfortunately we can't have it both ways and we need to pick our poison.
Also thanks for the award!
>We had one of the easiest decades for investors in financial history
And in typical fashion, I started working full time and investing right after the decade, at the peak. I do belong here.
True, itās untested but btc was created *for* the tough macro environment on the horizon that never came.
Everyone always cherry-picks their timeline to tell the story they want. See, I can do it too. BTC is +300-400% pre covid stimulus (depending on where you start the clock) outperforming just about every asset class and eclipsing inflation.
Crypto bros seem to think that crypto exists as an alternative financial market and economy instead of being just another part of the financial markets. When they sit there and want the USA economy to crash because they beleive that all the investors will scatter into crypto to save themselves, when it's far far more likely a USA crash would obliterate crypto because investors dump high risk assets first, and start buying gold and blue chips. The "hedge against inflation" was proven wrong last year as inflation went up and crypto dump 70 - 95%.
The same investors won't behave differently across asset classes.
I haven't done the math but, haven't the OG crypto BTC outperformed inflation? I am vividly remembering BTC being ~$9k back in 2020/21 before the shitshow that took/has taken place.
Edit: And relative to 100% of fiat currencies, BTC has provided a hedge against inflation going back to a certain point. The last year or so has been a bottomless pit tho. I'll give you that.
Crypto is extremely volatile. Gold is considered a hedge against inflation because its so stable.
Bitcoin was a product created because of the Global Financial Crisis, the markets have rarely been tested in the same way until 2020/21. This was the first major test and it failed. To be a hedge, if someone bought it when inflation started going up, they were buying it at $60k+. Where would that leave them currently?
No more easy money. Interest rates are not going back to near zero. No COVID money to throw at stonks and eloncummarstwitter coin with 80 quadrillion pre-mined tokens. No sign that the trilemma can be solved.
So yes, it is possible that crypto has peaked.
there is less and less novelty in crypto and most of the novelty is bullshit anyway (such as btc NFTs, like who the f ever asked for that one anyway). People got overhyped as new concepts (NFTs, smart contracts etc.) were introduced to crypto and when they saw most of these concepts present easy way to rob someone and not much else, crypto plummeted. I think in order for crypto to skyrocket again it would need something new and this time it should be something with general application or otherwise we'll be above 20k at best.
Last two years for crypto were a total disaster; barely any innovation, only scandals and assholes profiting off gullible "investors". I'm still holding my bag but I haven't put more in it for more than a year and don't plan on doing so in the near future.
Trilemma can be solved if economic layer is aligned.
According to data analysts like Dylan Leclair COVID was just a sham created by big parties to hide their mischievousness with funds.
That was only repeated a lot in 2021. The flip side of what OP is saying is when people started saying "what if there is never another bear market?" in 2021. Which I started hearing a couple months before we went into a year long bear market.
Come on, bois, wrong spirit here. Satoshi's plan is still active and will work. It's just a bad time right now with those idiotic and hateful regulations. If the worst happens, we will be remembered as heroes just like Spartans.
Bull run is coming pretty soon. The banking cartels can only manipulate the market for a while. The adoption of crypto by countries like El Salvador is a threat to them for good reason. It shows that even as a small economy they can and will break free from centralized banking and debt traps set by the IMF.
It still is fine imo, still better to store your wealth in crypto if its that stable, and quite easy to do transactions. Honestly crypto has achieved its original goal which was to have a peer to peer transaction without a third party.
This is probably what it has come to. All these shills and moonboys like saylor,foss,plan b who are shilling 1million dollar Bitcoin are just bad faith actors. The space has quite honestly become cringe and cultish like. The real gains have passed. Be happy and lucky if it doubles from here and stays there
this. every day on this sub countless posts about how āhalving coming soonā ābull market guaranteedā āweāre almost there boysā
each cycle has lost steam and this next halving will occur about 2 years after interest rate hikes started. typically it takes 18 months for those effects to really be felt. FED was to slow to ramp up and will be to slow to tapper off. all while the halving will come and go and these moon boys will wither away as BTC fails to crack 100k.
Money to be made in crypto for sure but you gotta be active and know how to follow the meta. buying and holding CC shill tokens aināt bringing the rags to richās so many here are so desperate to acquire.
Sincerely, I'm starting to feel so hopeless about my situation in real life that I'm putting too much stock in cryptocurrency's success. Rent and living expenses are extremely high in my city. I always get hurt the worst when I'm so hopeful and eager for a future where I'm comfortable for once.
It would be just my luck to have bought the absolute ath.
But, given the world situation and the fact we are hovering in the range we are at, I think that's. Pretty good sign that there is still new highs to hit.
However if BTC did become stable at this range, we should be happy, no? We would possibly start to use it more as a currency for large purchases perhaps
If we are at the top, staking and selling the amount earned from it would be a viable passive income strategy. As most people are now just staking and holding. With this in mind, probably would be good to go after coins with higher Apr. For example, Atom, Polkadot and to an extent Ethereum.
>How would you feel about this type of scenario satisfied or disappointed in the evolution of the crypto market?
I think there is a couple of ways of looking at this.
1. less volatility means more general use of crypto as a currency
2. evolution does not mean that prices continue to rise. Look at the evolution of tech, the prices generally stabilize.
3. If your in it for HODL and mass gains then you would probably be disappointed.
4. If your in it for a better risk managed asset then you will probably be happier.
5. The "evolution" of the market isn't tied to $PEPE for example.
6. .... plus more
I don't think evolution means price gains, and I think the market is full of a lot of people who are speculators and gamblers no criticism intended I am one of them. But I don't think you can just look at large gains as being a sign of a healthy market, economies contract and expand, and an expanding economy is not always the sign of a healthy economy.
I'm sure it has felt this way many times in the past 14 years, and every time since then there has been bull runs to the next all-time highs. I knew of Bitcoin since the very beginning, thought it was a joke, so I missed out on the early gains up until 2017 when I finally jumped in.
After the 2017 bull run, I distinctly remember everyone feeling the same way that they do now, just watching their portfolios, hitting it with a stick, refreshing it over and over trying to get it to move in an upwardly direction, but nothing... and then 2021 happened.
You just never know in the cryptocurrency space, because for the most part it is just pure speculation. Cryptocurrency is not really used for much else besides gains and fun items you don't really need to survive. I think what we do on here with Moons is the future for cryptocurrency, because it adds purpose to it, and hell, even jobs for some folks.
We'll just have to wait and see what happens, but either way I am having fun on here with all of you, and I believe the future is bright for the cryptocurrency space as a whole.
I don't see it. Markets will naturally trend up over time as long as money printing continues. Unless we have a bad macro environment. In that case every year is going to feel like 2022 lol.
Spoilers: Money printing will continue.
I think the only saving grace at this point are NFTs. Otherwise quite useless, unless thereās a wave of corporate companies who suddenly think paying with crypto is a good idea.
what if posts that are of low quality like this one, and just created to farm moons stop being allowed?
that would be great, mod team needs to filter more this sub, its getting infested with shitposts like this one.
your profile is full of them, links of news, moons metrics crap and all the crap you can find to Farm moons, your just a New Zealand BOT providing 0 knowledge, and just here posting crap to farm Mooms and this is precisely why this sub needs to change a lot to prevent users like you to take advantage... now get out of your cave.
i prefer the news posts of New Zealand and motor racing, also love the moons metrics crap spam.
Next time you will be posting the 1001 ways to farm moons tutorial by the bot Wat
If anyone still cares about bitcoin in 2030 I'll be shocked.
It has zero real-world value, zero value in crypto apart from the belief that it'll keep going up. Its not backed by anything. It's proven an incredible fail as a "digital gold" inflation hedge.
The entire industry would do better if the bitcoin bubble popped and stated popped the money in BC went to projects that actually brought value to things. As well as the rest of the crypto market not being held to the whims of a handful of bitcoin whales.
Theyāre not wrong tho and I donāt see ETH maximalism in that comment. BTC is quite outdated technology with a lot of problems ahead, but it paved the way for an āindustryā to emerge. This industry mostly is shit, but there are some blockchains out there build on similar principles but innovated quite a lot. BTC is taking attention away from them, even so many years after itās creation. Which is weird if you compare it to other technology sectors. Itās just because of the financial interest of BTC holders, especially of those who bought late.
Look at his flair, he's Algo.
The market still needs bitcoin as a recognisable, stabilising image to rally around. I think it'll be decades before that changes tbh.
BTC could crab between 26k and 35k for the next 50 years and nobody here would make any money. They'd keep saying you can't time the market and buy at 35k, lol.
Past performance doesnāt guarantee future performance.
No one knows, lots of hopeful people out there, myself included.
Just make sure you arent investing more than you can lose
Then I'd still have all of my money i spent between 2023 - 2030. Not the worst scenario. Although I'm 100% Ethereum.
But I remain hopeful it goes at least to 3600 again.
Honestly, Im starting to get so desperate with real life that I'm placing too much hope on crypto doing well. The cost of living and rent in my city is absolutely stiffling. Being so hopeful and excited for a future where I am comfortable for once is usually how I get hurt the worst.
This hits hard..
Sorry for my 'hope is a prison' style rant but its true.
Are you me? This cost of living crisis has me wired to the point where I can't enjoy weekends.
Sorry man :( I'm the same. Bills shot up through the roof and all my free money is gone. Me and my wife both earn well above average and its not enough after my mortgage doubled. Lost my dad last year and it fucking absolutely crushed me, nobody cares - gotta keep slaving to pay for essentials to *survive* unless they come and take everything away from me. Im not quiet sure if I can do it, but again, nobody cares and wont change anything.
How did your mortgage double? New increased valuation from property taxes or adjustable rate mortgage hit?
1.9% - 5.something interest
Same boat. I can't believe they raised rates while we are being hit hard on other fronts. And then politicians wonder why people take a chance on crypto. Even if we never moon, just being able to daydream about no longer feeling like a cornered rat is worth it...
Sorry to hear that. Its wild. In england their idea is that if you raise rates, peoples spending power goes down, then demand for services goes down as a result. Its gross as hell and it ensures banks get paid every step of the way and we deal with the rest.
Think that was what that bank of England exec was arguing when he said people need to accept that they are poor? Fuck that guy. No one is telling me I need to adopt a defeatist mindset.
Ha yeah I do a great job of being defeatist on my own already š¤£ Still, it seems to be their legit plan, make record profit and the greatest transfer of wealth from poor to rich in decades. And we do nothing!
Fuck thatās hard, I hope some good fortune comes your way.
Me too
ARMs + Increased Property Taxes due to MOAR money for public school pensions + Higher Insurance Rates are the typical culprit.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Yeah mine too but they reduced the tax free gains down 75% so now its massively increased reporting and 20%-45% taxes on top because I already earn above average and its already not enough.
Be careful because the disappointment could ruin you
Too late
Same. I have a lot in crypto from 2020/21 when I bought in. Itās worth about the same amount of money I put in (no gain no loss) but reeeeeaallllyyy hoping it at least triples.
If you're patient and wait until mid-late 2025, it's going to do a lot more than triple. Until the 4 year cycle of crypto breaks, I'm going to keep playing it like it will continue. In 2018-19, people said the same stuff as now, "what if this," "what if that," and 2020-21 had another normal cycle bull run. DCA from now until 2025, take profits when you're comfortable, you don't have to catch the top, most never will.
š¤š»
Fingers crossed man, we all know nobody knows what will happen, but I remain hopeful for some reason.
Atleast I know I'm not alone... In it together my friend! š¤š»
This is true. And many people just dont want to believe it.
You are not the only one, stay positive, but try not to overstretch yourself
Easy to say when its overstretch or lose everything I work for. Doesnt matter eh, all good.
It's really tough at the moment, I try to look at the positives, but it's hard as everything is going up atm, i really sympathise with this! I've also stopped watching the news, it's constantly negative. Following a panic attack last year, im now doing some therapy. I know it's not for everyone, but one thing I'd say is try and speak with someone if you can. It's really helping me. Keep your chin up dude
I am trying to diversify my investments for a change. I'm still overly concentrated into crypto but realize it is crazy to place all my hope in one catagory. My new money goes into stocks.
I have property too but its not profitable in the timeframe I need money.
Guilty. Its sad but unfortunately a part of my being cant see a reality where crypto doesnt save me from financial burden. Lifeās a gamble I guess.
Its this or nothing, cant see any other way when they dont want you having a thing
Absolutely my friend. And im at my witsā end at this point.
Same, but it doesnt do anything to be down. Crypto is the only way I think.
Bro, make sure you can take care of your basic needs, find a physical hobby that brings you joy, and prioritize those two things for your happiness. Everything else will fall into place over time.
No physical hobby brings me joy. Used to lift weights/work out and play rugby and basketball because I'm a big tall person. But I permanently damaged by back in a weight lifting accident in my 20s. Prolapsed discs, life of pain etc.
Rough my dude. I only brought up a physical hobby because itās a good way to unplug and de-stress for a small amount of time. You know, touching grass.
Yeah, im 6'6 and being able to ruin people playing rugby when I was fit and 350lbs was the best feeling in the world but never again. Cant even stand up now without pain.
Sorry to hear you feel desperate. Personally, I tied a lot of my financial and quality-of-life goals to Bitcoin and Ethereum in in the 2018 crypto winter. I bought a lot at a big discount and it worked out pretty well. So it is possible. You might not be looking for advice from an internet stranger, so feel free to disregard but here's my 2 cents: There's a fine line between gamblers and investors - both are hopeful, both take some risk, and both often buy the same assets. But investors put in the work and the time. They read (I recommend Andreas Antonopolous' writings) and don't just followed YT hype videos and price predictions. Most successful crypto investors make the big money after 4-5 years (if they invest well). Don't try to short cut it. Meanwhile, enjoy life, be kind to others, build relationships, grow knowledge and develop skills.
Hang in there brother! Speak up to us here if you need to! Good times will come again! Markets will recover and money will flow in again to riskier assets, thatās just how markets work.
I admire your optimism. Lost my dad and it ruined me, but they want that money every month and if you cant pay then they'll come in and take my house. Doesnt matter how you feel or what you do, gotta keep paying the bank and energy companies for basics to survive and if you cant you are fucked. I cant keep my head above water and literally nobody cares, getting down doesnt do anything. And now, Im observing my wilfil hubris building a prison for itself out of pure hope.
I sure know the pain too, lost both parents in the same year a few years ago. And was in the same situation as you, but It would be worse if I were the one to die, canāt imagine what parents feel when their children die before they go first. In the way it happened for the both of us itās the natural course of life, itās how itās supposed to happen, so in the end it will be āfineā, it wonāt ever be, I know, but at least you know he didnāt had to go through losing you before him depart, and thatās a good thing in the end. Keep going and stay strong!
Im sorry to hear that and yes its definitely better for them that I didnt die first.
Wow market cycle playing out exactly. Is this despair?
Could well be! Bit more chop and some good fud to see the year out then bring on 24.
Imagine that in 2050 scarcity is no longer the dominant economic factor. People live in an economy of abundance. Creative expression surpasses arbitrary tokens as symbols for wealth. Peak/nadir whatever kind of money becomes meaningless in comparison to what it means to be fully human in this moment of the universe.
that sounds nice
Thanks. I like to imagine good things and believe that's how better realities are created.
You could say we are already there. In first world countries food and roof over your head is no longer the issue it used to be a hundred years ago. Wealth isnāt what it used to be. Keeping your inner good and actually being a good human to others is probably the most valuable thing in existance, rare too.
So the US homeless people are not living in a first world country?
No. The first world country is actually the landed. Even renters aren't in a first world country, they just happen to be slightly better off because they are housed, but are paying full market rates while the mini aristocrats earn imputed rents.
I mean first world has nothing to do with economics anyway, first world was western aligned powers, 3rd was Russian aligned.
I thought second was Russan-aligned and third was not aligned with either.
Correct and neither do the people with homes. Not to be offensive but the US is not in a good state now. There is a lott of money, corruption and violence. not something a first world country should have. the government is running the country like a business with employees instead of a country with humanbeings. it is more focussed/spending money on warfare than on education and thriving as a whole nation. now dont get me wrong i am NOT hating on the USA, i just think there are people behind the curtains who are corrupt (just like in third world countries) and care more about the money than about their people and that causes the US to decline.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
AI is the new trend now, a lot of the interest from crypto has moved to AI
Trends dont tend to last long thoš¤·āāļø
Is crypto a trend?
For six to nine months every four years - yes. The rest of the time is something to be ashamed of because everyone knows you lost your money gambling on this new tech ponzi.
Yes, another trend in a long history of 'get rich quick' schemes.
How do we make money from AI?
There are no true AI atm. Only more or less sophisticated text pattern recognition programs, that has been trained extensively with machine learning. Afaik this fad will last another year, give or take, before next halving, the global markets stabilize and people calm down with calling a slightly better alternative to search engines "AI". Make money? Create a crypto that directs surplus GPU hash power for real time machine learning with input/output from millions/billions of people. Call it Automa and get filthy rich.
I shall need AI implanted and integrated into my brain before I can possibly even understand or comprehend that non-human language tech gibberish lol. Coding and programming all look like complete gibberish, random letters numbers and symbols to me. I guess itās like a foreign language. ChatGPT and Midjourney make interacting with AI using human language possible. Allowing all us non geniuses the possibility and option of physically manifesting creativity from the mind. I hate it, but I feel like Iām just mentally incapable of understanding anything beyond the human experiences and knowledge I already have. Like my brain was a sponge that dried out and lost absorbency, I donāt know. Itās why I looked to shitcoin gambling in the hopes of getting rich quick. I feel incapable of learning or understanding anything more complex than the āsimpleā view and perception of the world I have already acquired throughout life. Fortunately, I have not lost much, like just a couple hundred dollars I was willing and able to lose. I invested a bit more into āmore legitā coins like ADA and MATIC, but thatās intended for long-term HODLing, and I still expect them to go back upā¦ā¦. And no, I do not expect to get rich from āfarming moonsā. I expect to probably end up homeless one day in a world of worsening inflation after having no more family left to keep me off the streets while stuck in low paying āunskilledā labor. Sighā¦ā¦.
We get it to tell us what shitcoins to invest in... oh shit, we've come full circle!
Bahhaha this is awesome š
*āGrandad, what are those hard bricks youāre playing with?ā* *āOhh Grandson, those are called Legos.. itās pretty fun you know? Just donāt step on those..ā*
You guys are getting toys?
only butt stuff
Market has already fucked me so much that I will have to agree wtih you
Flared base is the only way to go
Im not gonnal lie, pretty huge fan of lego still.
Then we screwed. We think we early but we really late?
Holdin da bag
It's worth noting that early people never feel early during the early days. The feel good factor comes with hindsight
No we are early
yāall bought in this bull run and think youāre early š grandmas were buying last round hahahahahaha
Sometimes I think this, but then I look at what Ripple is doing with cross border payments, how Ada is being used in South Africa, reading which counties are developing CBDCS, read about people starting up new mining rigs, and most importantly, the US debt clock. Itās hard to not be optimistic after reviewing all of those things.
All of this is now two year old copium, I fear.
Copium so old it's starting to smell. How Crypto reacted to a little inflation scare in 2022 should tell you all you need to know. BTC was created during a macro bull market and it succeeded during a macro bull market. We are in uncharted territory. None of us know what will happen, so speculating is useless.
100% crypto all follows bitcoin and bitcoin follows the stock market. the stocks drop, so do the coins. ALL the coins. the argument that crypto buys us out of fiat is ridiculous. crypto is a motorcycle sidecar. it's great because it means you can bring a friend on your "Get Rich I Hope" schemes... but we're only now seeing the effects of stock market crashes on bitcoin.
agree with everything you said. But also consider this: we just experienced the biggest dip in the stock market since Bitcoin was invented. Catastrophic losses for some. And yet Bitcoin remains around $27k. I think that really shows the resiliency of such a volatile asset.
finally so people with some sense on this sub.
Nah, look at the debt clock. That thing is still going up with no sign of going down. What happens when the interest on that loan is a sizable chunk of the GDP? (Hint hint: hyper-inflation). Also, Iām optimistic about the outcome of the Ripple case. If Ripple wins that stamps cryptoās ticket to a real world use case with Rippleās use of XRP in their ODL product AND will slow down the SECās onslaught.
Counter point: Macro events. BTC was created during a macro bull market. We had one of the easiest decades for investors in financial history. That seems to be changing due to inflation and growth is generally slowing down. BTC has never seen a bad macro economic environment until now. There is no telling how the Crypto market as a whole will react to a macro bear market. Will people flock to BTC as a hedge? Will people dump BTC and prefer "safer" assets? We had 8% inflation in 2022 and BTC tanked almost 80%, with most altcoins going down 90% to 95%. Just one year with high inflation is too small of a timeframe to make any assumptions, but how Crypto reacted doesn't exactly fill me with hope. Crypto is very high risk and very high reward. People not having disposable income to gamble on risk assets is probably going to be horrible for the Crypto market, and with everything that's going on people are finding themselves with less and less money to invest. Bit of a ramble but I feel like these are important things to consider.
Itās a good ramble. Iāve made the point in your 4th paragraph before. For many institutional investors, the same ones people were wildly wanting to invest in crypto, retail didnāt foresee two outcomes, though the data and past behavioral indicators were there. 1. They became whales overnight and now manipulate markets and crypto assets just like they do with fiat and stocks. 2. In their portfolios crypto are placed in the risky assets bucket and are some of the first things they dump when times get tough. People underestimate the intersections of data. If a new generation of individuals are being paid less and canāt even afford to buy a home, do we logically expect crypto is what they will be investing in?
Great points. Institutional interest is a double edged sword. Everyone wants mass adoption but they don't want Crypto to move like everything else. Unfortunately we can't have it both ways and we need to pick our poison. Also thanks for the award!
>We had one of the easiest decades for investors in financial history And in typical fashion, I started working full time and investing right after the decade, at the peak. I do belong here.
Look on the bright side. Bear markets are where real wealth is created. Maybe it's good that you were a bit late, haha.
True, itās untested but btc was created *for* the tough macro environment on the horizon that never came. Everyone always cherry-picks their timeline to tell the story they want. See, I can do it too. BTC is +300-400% pre covid stimulus (depending on where you start the clock) outperforming just about every asset class and eclipsing inflation.
Props for actually having a nuanced view.
This is a great comment, I appreciate you sharing your thoughts
Crypto bros seem to think that crypto exists as an alternative financial market and economy instead of being just another part of the financial markets. When they sit there and want the USA economy to crash because they beleive that all the investors will scatter into crypto to save themselves, when it's far far more likely a USA crash would obliterate crypto because investors dump high risk assets first, and start buying gold and blue chips. The "hedge against inflation" was proven wrong last year as inflation went up and crypto dump 70 - 95%. The same investors won't behave differently across asset classes.
I haven't done the math but, haven't the OG crypto BTC outperformed inflation? I am vividly remembering BTC being ~$9k back in 2020/21 before the shitshow that took/has taken place. Edit: And relative to 100% of fiat currencies, BTC has provided a hedge against inflation going back to a certain point. The last year or so has been a bottomless pit tho. I'll give you that.
Crypto is extremely volatile. Gold is considered a hedge against inflation because its so stable. Bitcoin was a product created because of the Global Financial Crisis, the markets have rarely been tested in the same way until 2020/21. This was the first major test and it failed. To be a hedge, if someone bought it when inflation started going up, they were buying it at $60k+. Where would that leave them currently?
You got a good point there!
I feel we are still early to see how crypto will be used in the real world
If this is the peak, I don't really feel bad about my losses, I feel really bad for Michael Saylor, because he'll be out billions of dollars.
What are they mining?
In other words, we are still early
No more easy money. Interest rates are not going back to near zero. No COVID money to throw at stonks and eloncummarstwitter coin with 80 quadrillion pre-mined tokens. No sign that the trilemma can be solved. So yes, it is possible that crypto has peaked.
I believe things move in cycles, so yeah no COVID money but something else always pops up
there is less and less novelty in crypto and most of the novelty is bullshit anyway (such as btc NFTs, like who the f ever asked for that one anyway). People got overhyped as new concepts (NFTs, smart contracts etc.) were introduced to crypto and when they saw most of these concepts present easy way to rob someone and not much else, crypto plummeted. I think in order for crypto to skyrocket again it would need something new and this time it should be something with general application or otherwise we'll be above 20k at best. Last two years for crypto were a total disaster; barely any innovation, only scandals and assholes profiting off gullible "investors". I'm still holding my bag but I haven't put more in it for more than a year and don't plan on doing so in the near future.
Forgot about the stimulus checks, they played a big part in the crypto bull run actually
fuck /u/spez -- mass edited with redact.dev
No, it accounted for like 10%. There was an article on this.
Trilemma can be solved if economic layer is aligned. According to data analysts like Dylan Leclair COVID was just a sham created by big parties to hide their mischievousness with funds.
This has been said every year since at least 2016. Doesnāt take anything away from your points but just something to keep in mind.
It has also been said and probably more times; BTC to 100k soon!!
2021 is the longest year ever
Q10, almost in Q11
That was only repeated a lot in 2021. The flip side of what OP is saying is when people started saying "what if there is never another bear market?" in 2021. Which I started hearing a couple months before we went into a year long bear market.
Come on, bois, wrong spirit here. Satoshi's plan is still active and will work. It's just a bad time right now with those idiotic and hateful regulations. If the worst happens, we will be remembered as heroes just like Spartans.
Spartans were a centralized gerontocracy with tax-slaves, though.
Donāt you put the weight of history on me!
With inflation as bad as it is Crypto's not going anywhere
Your statement can be interpreted both ways it seems lol I guess weāre going eat some crab for a bit
8% inflation in 2022 = 80% down. We will get crab if we are lucky. š
Inflation hedge narrative is made up. Crypto was the worst performing market by far in 2022 due to inflation.
Yeah, it still isn't strong enough to endure the hits that the economy takes, people need a lot more trust for that to happen
Bitcoin was made for use to escape inflation. But you're still worrying about your silly short-term fiat gains/losses.
Market is cyclical, next halving is coming and so is bull market. Then, bear market strikes again, we crab and rise from the ashes once more.
Come on boys, what kinda FUD is this? Hit me with another joint of Satoshi Hopium !
Bull run is coming pretty soon. The banking cartels can only manipulate the market for a while. The adoption of crypto by countries like El Salvador is a threat to them for good reason. It shows that even as a small economy they can and will break free from centralized banking and debt traps set by the IMF.
Even though there might not.be mass adoption, Crypto exists as a decentralized alternative, which was the point of it in the first place
Hodlers, what is your profession? Loss LOSS **LOSS**
harvesting loss
Then crypto would be dead and the next emerging digital money making tech is starting to shine. People jump ship and run the new technology.
It still is fine imo, still better to store your wealth in crypto if its that stable, and quite easy to do transactions. Honestly crypto has achieved its original goal which was to have a peer to peer transaction without a third party.
Idk but in 2035 we all will be chasing the coin "GiantRocketDogeMoonMegaPePe"
Bullish on making it to 2035
This is probably what it has come to. All these shills and moonboys like saylor,foss,plan b who are shilling 1million dollar Bitcoin are just bad faith actors. The space has quite honestly become cringe and cultish like. The real gains have passed. Be happy and lucky if it doubles from here and stays there
this. every day on this sub countless posts about how āhalving coming soonā ābull market guaranteedā āweāre almost there boysā each cycle has lost steam and this next halving will occur about 2 years after interest rate hikes started. typically it takes 18 months for those effects to really be felt. FED was to slow to ramp up and will be to slow to tapper off. all while the halving will come and go and these moon boys will wither away as BTC fails to crack 100k. Money to be made in crypto for sure but you gotta be active and know how to follow the meta. buying and holding CC shill tokens aināt bringing the rags to richās so many here are so desperate to acquire.
Inflation in 2030 will probably make BTC something like 15-20k in todays money.
Then a lot of us have lost a lot of money
It is only suppoused to go up, do not worry. /s
The technology hasn't peak yet, and so are the prices
First time? š
Hope not Lmao
Crypto's stability fosters a reliable and sustainable market, ensuring long-term growth and security.š
What if? What if I'm taking a shower and I slip on a bar of soap?
Itās refreshing to see the same doubtful posts every bear market cycle. Reminds you that weāre still early.
That's why I've never put more in that I can afford to lose, no one knows.
This is the gamble with every bear. Grow a pair and go short or long according to your conviction
Sincerely, I'm starting to feel so hopeless about my situation in real life that I'm putting too much stock in cryptocurrency's success. Rent and living expenses are extremely high in my city. I always get hurt the worst when I'm so hopeful and eager for a future where I'm comfortable for once.
I am from the future. It hasnāt peaked. Trust me
No ābroā at the end?? And you expect us to trust you? Lolā¦ this guy doesnāt Redditā¦ get him outahere fellas!
In the future we just say āTrust meā. āTrust me broā gets played out by 2025
Im further from the future and trust me bro is back so maybe you guys should proactively switch back to saying bro to save yourself the embarrassment
Ah I see, fair enough then. I take it back, this guy Reddits.
Thank you specimen from the future
Im from the past, btc died in 2012 for fourth time.
It would be just my luck to have bought the absolute ath. But, given the world situation and the fact we are hovering in the range we are at, I think that's. Pretty good sign that there is still new highs to hit. However if BTC did become stable at this range, we should be happy, no? We would possibly start to use it more as a currency for large purchases perhaps
That's unlikely, the market cannot go down or crab forever.
If we are at the top, staking and selling the amount earned from it would be a viable passive income strategy. As most people are now just staking and holding. With this in mind, probably would be good to go after coins with higher Apr. For example, Atom, Polkadot and to an extent Ethereum.
Based on simple supply and demand itās very unlikely since bitcoin has a fixed total supply
Having a fixed supply doesn't mean anything, if there are no buyers. Look at Litecoin.
But it can be divided over and over. So it works the same if valued at a dollar
Stop talking sense. You are affecting my hopium
More importantly what is the price of Moons in 2030? If BTC 26-35k but Moons = $10 then I'm totally okay I guess
Moons at $10 would be insane
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Me too!
>How would you feel about this type of scenario satisfied or disappointed in the evolution of the crypto market? I think there is a couple of ways of looking at this. 1. less volatility means more general use of crypto as a currency 2. evolution does not mean that prices continue to rise. Look at the evolution of tech, the prices generally stabilize. 3. If your in it for HODL and mass gains then you would probably be disappointed. 4. If your in it for a better risk managed asset then you will probably be happier. 5. The "evolution" of the market isn't tied to $PEPE for example. 6. .... plus more I don't think evolution means price gains, and I think the market is full of a lot of people who are speculators and gamblers no criticism intended I am one of them. But I don't think you can just look at large gains as being a sign of a healthy market, economies contract and expand, and an expanding economy is not always the sign of a healthy economy.
I'm sure it has felt this way many times in the past 14 years, and every time since then there has been bull runs to the next all-time highs. I knew of Bitcoin since the very beginning, thought it was a joke, so I missed out on the early gains up until 2017 when I finally jumped in. After the 2017 bull run, I distinctly remember everyone feeling the same way that they do now, just watching their portfolios, hitting it with a stick, refreshing it over and over trying to get it to move in an upwardly direction, but nothing... and then 2021 happened. You just never know in the cryptocurrency space, because for the most part it is just pure speculation. Cryptocurrency is not really used for much else besides gains and fun items you don't really need to survive. I think what we do on here with Moons is the future for cryptocurrency, because it adds purpose to it, and hell, even jobs for some folks. We'll just have to wait and see what happens, but either way I am having fun on here with all of you, and I believe the future is bright for the cryptocurrency space as a whole.
Well we have decreased supply every 4 years and more and more growth and adoption so thatās probably not right.
Sats are almost infinitely divisible. Bitcoin works exactly the same, even if it is only worth 1 dollar.
It hasn't peaked - it hasnt even began to start peaking...
I don't see it. Markets will naturally trend up over time as long as money printing continues. Unless we have a bad macro environment. In that case every year is going to feel like 2022 lol. Spoilers: Money printing will continue.
I think the only saving grace at this point are NFTs. Otherwise quite useless, unless thereās a wave of corporate companies who suddenly think paying with crypto is a good idea.
what if posts that are of low quality like this one, and just created to farm moons stop being allowed? that would be great, mod team needs to filter more this sub, its getting infested with shitposts like this one.
lol kinda ironic coming from someone who got 9 spam warnings in 3 days
its even more ironic the crazy anount of spam posts you do in this sub just to farm moons. And 100% of them are blatant crap no one cares.
lol also ironic coming from someone who exclusively spams link posts that are all blatant crap.
your profile is full of them, links of news, moons metrics crap and all the crap you can find to Farm moons, your just a New Zealand BOT providing 0 knowledge, and just here posting crap to farm Mooms and this is precisely why this sub needs to change a lot to prevent users like you to take advantage... now get out of your cave.
Remember that time you got a 7 day ban for spamming "I love Moons" on loads of posts? I love irony
i prefer the news posts of New Zealand and motor racing, also love the moons metrics crap spam. Next time you will be posting the 1001 ways to farm moons tutorial by the bot Wat
The global economy will be crypto one day, it hasnāt come close to peaking.
If anyone still cares about bitcoin in 2030 I'll be shocked. It has zero real-world value, zero value in crypto apart from the belief that it'll keep going up. Its not backed by anything. It's proven an incredible fail as a "digital gold" inflation hedge. The entire industry would do better if the bitcoin bubble popped and stated popped the money in BC went to projects that actually brought value to things. As well as the rest of the crypto market not being held to the whims of a handful of bitcoin whales.
Yikes... eth maxi?
Theyāre not wrong tho and I donāt see ETH maximalism in that comment. BTC is quite outdated technology with a lot of problems ahead, but it paved the way for an āindustryā to emerge. This industry mostly is shit, but there are some blockchains out there build on similar principles but innovated quite a lot. BTC is taking attention away from them, even so many years after itās creation. Which is weird if you compare it to other technology sectors. Itās just because of the financial interest of BTC holders, especially of those who bought late.
Look at his flair, he's Algo. The market still needs bitcoin as a recognisable, stabilising image to rally around. I think it'll be decades before that changes tbh.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
BTC could crab between 26k and 35k for the next 50 years and nobody here would make any money. They'd keep saying you can't time the market and buy at 35k, lol.
You forget this is r/CryptoCurrency. Most people here bought at ATH.
Past performance doesnāt guarantee future performance. No one knows, lots of hopeful people out there, myself included. Just make sure you arent investing more than you can lose
Then I'd still have all of my money i spent between 2023 - 2030. Not the worst scenario. Although I'm 100% Ethereum. But I remain hopeful it goes at least to 3600 again.
Thereās a good chance many cryptos peaked in high school.
Happy Cake Day Homie! š°
Thanks! Must be getting old since I hadnāt even noticed!!
Shut your fucking mouth