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May 10 2021 12:45pm
Quote (excellence @ May 9 2021 12:36am)

oh come on. one side of crypto is obviously in meme territory now just like in 2017 with the ico craze. yes there are a 1000 memecoins created a day with the sole intention of doing a 10x or if you get lucky 100x+. that said bubble creation and timed popping and pump and dump was literally perfected by wall street. wall street knew what they were doing with derivative mortgage products. they didnt care. as for pumps and dumps its “illegal” (LOL) but in practice they do it all the time but it’s termed “corrections” by which the big players dump, it goes down 5-10% and they reload. this happens oh i dunno 10-25x a year? give or take

and while i am pro-crypto my holdings are still majority in equities and i only buy and hodl. last stock i sold for a true profit to finance something i wanted was in 2016.


I'm not dumping on crypto as a financial instrument, just the current state of affairs.

Even BTC and ETH are extremely speculative right now, anything else is meme-tier gambling that 99% of people put zero thought into.

Pump and dumps happen all of the time in stocks, especially venture / penny names, but DISCA and friends can't hold a candle to what we're seeing in crypto right now.
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May 10 2021 01:03pm
Quote (bogie160 @ 10 May 2021 14:45)
I'm not dumping on crypto as a financial instrument, just the current state of affairs.

Even BTC and ETH are extremely speculative right now, anything else is meme-tier gambling that 99% of people put zero thought into.

Pump and dumps happen all of the time in stocks, especially venture / penny names, but DISCA and friends can't hold a candle to what we're seeing in crypto right now.

those who are serious and early into crypto never modeled itself as some form of financial instrument. yes we are in peak meme tier territory. now how did we get here yet again?

i’ll tell you why. was at the airport gate on a layover earlier you know what i heard on every financial news platform blasting throughout? four highly paid idiots trying to explain why eth has more use cases than btc, and which you should invest in

the street looks dumb again so they want to look smart now. look crypto’s been very favorable to me, so have equities. i despise and adore both because they capture the best and worst facets of humanity. the relative moralism about crypto because some dorks figured out how to 10x to 1000x for fun is not something i worry about in the grand scheme of things. its like blaming vegas airport for having a slot machine waiting for you outside the gate
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May 11 2021 06:18am
>bought the dip
>the dip just keeps on dipping

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May 11 2021 07:40am
10 year jumping today, CPI data comes out early tomorrow.

Tomorrow should be the worst CPI report.
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May 11 2021 08:40am
Tesla very close to that 200 DMA at around 580. This morning it bounced off it so that's a good sign. But in the next few days if it breaks below it then we could see low 500s
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May 11 2021 08:48am
That will reset a month of savings!
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May 11 2021 09:27am
Quote (SBD @ May 11 2021 10:48am)
That will reset a month of savings!


lmao you said it, looks like a small rebound, but hot damn.

expect crypto + real estate to keep going up
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May 12 2021 06:49am
CPI comes in worse than expected. Something like 4.2% increase.
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May 12 2021 08:25am
Quote (S3th @ May 12 2021 08:49am)
CPI comes in worse than expected. Something like 4.2% increase.


this is what happens when you print money lmao
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May 12 2021 08:36am
10% jump in vehicles 😬
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