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Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

Retail selling off massively, but institutional money pouring in for Bitcoin

AtomicPissAtomicPiss Administrator, Swaye's Wigwam Posts: 64,585 Founders Club
edited May 2022 in Tug Tavern
https://www.youtube.com/watch?v=EuaVj983Lfo
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Comments

  • PurpleThrobberPurpleThrobber Member Posts: 44,861 Standard Supporter
    There's HUGE cash out there. HUGE amounts. The banksters are running their standard con job. Creating fear and doubt.

    Reddit bros need to get busy and counterbalance the attack. Otherwise the banksters are swooping in to scoop up cheap assets.

    That's what they do. Hit 'em when they're up, hit 'em when they're down. Give us dirty laundry.

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  • EsophagealFecesEsophagealFeces Member, Swaye's Wigwam Posts: 12,442 Swaye's Wigwam
    People are morons, and the whales take advantage of that. You’d have to be retarded to be selling right now.
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  • HFNYHFNY Member Posts: 5,218 Standard Supporter
    Does anyone here use crypto as medium of exchange or do people just park some spare cash in it?
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  • AtomicPissAtomicPiss Administrator, Swaye's Wigwam Posts: 64,585 Founders Club
    HFNY said:

    Does anyone here use crypto as medium of exchange or do people just park some spare cash in it?

    The IRS declared Bitcoin to be property and the other alt coins as securities. I think most crypto people buy it and then move in and out of it
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  • BleachedAnusDawgBleachedAnusDawg Member Posts: 11,992
    Crypto is a pyramid scheme until people actually start accepting it for payment - and not just two or three main-stream businesses.
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  • greenbloodgreenblood Member Posts: 14,522
    edited January 2022
    DerekJohnson said:

    HFNY said:

    Does anyone here use crypto as medium of exchange or do people just park some spare cash in it?

    The IRS declared Bitcoin to be property and the other alt coins as securities. I think most crypto people buy it and then move in and out of it
    When did that announcement come? I hadn't heard about that. One of the advantages in Cryptocurrency is the avoidance of "the wash rule". I hope that hasn't been taken away.
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  • PurpleThrobberPurpleThrobber Member Posts: 44,861 Standard Supporter
    BleachedAnusDawg said:

    Crypto is a pyramid scheme until people actually start accepting it for payment - and not just two or three main-stream businesses.

    This is my biggest issue with crypto.

    Until I can buy my maple bars and goddamned delicious M&M Cookies at Albertsons with crypto, it does me very little good.

    #tuplips


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  • AtomicPissAtomicPiss Administrator, Swaye's Wigwam Posts: 64,585 Founders Club
    greenblood said:

    DerekJohnson said:

    HFNY said:

    Does anyone here use crypto as medium of exchange or do people just park some spare cash in it?

    The IRS declared Bitcoin to be property and the other alt coins as securities. I think most crypto people buy it and then move in and out of it
    When did that announcement come? I hadn't heard about that. One of the advantages in Cryptocurrency is the avoidance of "the wash rule". I hope that hasn't been taken away.
    In 2014
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  • AtomicPissAtomicPiss Administrator, Swaye's Wigwam Posts: 64,585 Founders Club
    PurpleThrobber said:

    BleachedAnusDawg said:

    Crypto is a pyramid scheme until people actually start accepting it for payment - and not just two or three main-stream businesses.

    This is my biggest issue with crypto.

    Until I can buy my maple bars and goddamned delicious M&M Cookies at Albertsons with crypto, it does me very little good.

    #tuplips


    In the not-to-distant future it will be possible, via bitcoin the network. Merchants will be able to settle transactions simultaneously and at much, much less cost than using VISA and MC.
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  • greenbloodgreenblood Member Posts: 14,522
    DerekJohnson said:

    greenblood said:

    DerekJohnson said:

    HFNY said:

    Does anyone here use crypto as medium of exchange or do people just park some spare cash in it?

    The IRS declared Bitcoin to be property and the other alt coins as securities. I think most crypto people buy it and then move in and out of it
    When did that announcement come? I hadn't heard about that. One of the advantages in Cryptocurrency is the avoidance of "the wash rule". I hope that hasn't been taken away.
    In 2014
    But from my understanding the "wash rule" still doesn't apply to alt coins. Am I wrong?
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  • AtomicPissAtomicPiss Administrator, Swaye's Wigwam Posts: 64,585 Founders Club
    greenblood said:

    DerekJohnson said:

    greenblood said:

    DerekJohnson said:

    HFNY said:

    Does anyone here use crypto as medium of exchange or do people just park some spare cash in it?

    The IRS declared Bitcoin to be property and the other alt coins as securities. I think most crypto people buy it and then move in and out of it
    When did that announcement come? I hadn't heard about that. One of the advantages in Cryptocurrency is the avoidance of "the wash rule". I hope that hasn't been taken away.
    In 2014
    But from my understanding the "wash rule" still doesn't apply to alt coins. Am I wrong?
    That I do not know.
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  • greenbloodgreenblood Member Posts: 14,522
    edited January 2022
    DerekJohnson said:

    greenblood said:

    DerekJohnson said:

    greenblood said:

    DerekJohnson said:

    HFNY said:

    Does anyone here use crypto as medium of exchange or do people just park some spare cash in it?

    The IRS declared Bitcoin to be property and the other alt coins as securities. I think most crypto people buy it and then move in and out of it
    When did that announcement come? I hadn't heard about that. One of the advantages in Cryptocurrency is the avoidance of "the wash rule". I hope that hasn't been taken away.
    In 2014
    But from my understanding the "wash rule" still doesn't apply to alt coins. Am I wrong?
    That I do not know.
    That would suck
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  • sonics1993sonics1993 Member Posts: 1,460
    Look at the 27.5-29.5 BTC region for buyback
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  • ReignManReignMan Member Posts: 217
    Sonic any trends broken that would raise your buy range? I may dip into the world of the unknown.
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  • LongDukDongLongDukDong Member Posts: 1,304
    edited February 2022
    Bull trap pump across the board. Do not buy anything and only open up shorts. The dump is going to be absurd, especially alts
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