Lots of us gladly buying this dip, sowing seeds for generational profits in 3 or more years. Some here will be in a bad way, having not sold any in 2021 & struggling to pay bills etc due to the current climate.
We all enjoy a good laugh, ‘who gon’ mindrust’ but this is real life. Just keep HODLING, do not sell in panic. We are going to $150,000 or more in 2025. Please don’t panic, lots of us have been in this situation in previous bear markets. It’ll be fine, relax, turn the screen off & get away from charts. Bitcoin will recover & reach new ath’s.
If anybody is in a bad place & needs to talk, feel free to PM me.
I am not in a bad place, but 2018-2022 were disappointing despite a few successes.
As I said before, wall street would now give up on this as i don't see how they would soldier on since they trusted at least one guy (SBF) and he f-d them over.
A premier VC fund, Sequoia, invested half a bil in FTX at 32bil valuation. These kind of disasters are not easily forgotten in Silicon valley and elsewhere.
Same for regulators, which will hark back to us (regular folks) in various restrictions of trade and investments.
Regarding a 150K number-barring a minor miracle I now cannot imagine it happening in 2025.
Turns out, "crypto" is a perfect venue for stealing (or losing) customer funds. Who would have guessed?
That would leave a mark for, say, 7-8 years or so (until 2028-2030) as it was during the Internet bubble (took AMZN until 2007-2008 to fully recover from the Internet crash).
That is all very sad on the balance, because I believe that without a development of a parallel financial system (based, hopefully, on bitcoin), the current one has no chance of surviving long term (the debts are just too high).
the clue was i bonds giving a venue for easy peasy high safe interest. lead with them. then raise rates over and over and over and over and over.
lets say your 401 fed tsp(like a 401k) is all in bonds dead safe. perfect match to the usd.
it was paying 1% nov 2021
it is paying 4% nov 2022
so your million usd worth now earns 40k not 10k
plus the fed has said +.5 and + .5 so mext year tha 401k fund makes 50k a year.
this does a flight that many do not understand how big it can be.
if you had an ira privately you can move it to your fed 401tsp.
so why have a crypto based ira when a shift to your fed 401tsp is safe at 4% and going to 5% as promised by the fed.
there is more.
my dementia riddled bro in law has two long term care polices he has good coverage.
but both genworth and john hancock were at high risk to go under based on dec 2021 bankruptcy predecitions. which i mentioned in these thread less than a month ago.
they are now flush due to bonds paying way way way higher in the time from dec 2021 to nov 2022
so a flight to safety of the dollatpr and us bonds was created. resulting the crash.
match this back to luna crap in april 2022 when a stable coin was crushed by the huge i bond rate of 9.62%
this is not ending til the 2025 pres gets in. better not be biden.
Biden held his own in midterms elections so the crash and burn it all game will continue on.
god help us all. except my bro-in-law as the feds helped his two insurances so he will be richer then most of us but bat fuck crazy.
.
well enoguh for now I will check prices and long to buy again.
