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Retail selling off massively, but institutional money pouring in for Bitcoin
DerekJohnson
Administrator, Swaye's Wigwam Posts: 68,558 
https://www.youtube.com/watch?v=EuaVj983LfoComments
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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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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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Does anyone here use crypto as medium of exchange or do people just park some spare cash in it?
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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 itHFNY said:Does anyone here use crypto as medium of exchange or do people just park some spare cash in it?
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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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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.DerekJohnson said:
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 itHFNY said:Does anyone here use crypto as medium of exchange or do people just park some spare cash in it?
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This is my biggest issue with crypto.BleachedAnusDawg said:Crypto is a pyramid scheme until people actually start accepting it for payment - and not just two or three main-stream businesses.
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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In 2014greenblood said:
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.DerekJohnson said:
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 itHFNY said:Does anyone here use crypto as medium of exchange or do people just park some spare cash in it?
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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.PurpleThrobber said:
This is my biggest issue with crypto.BleachedAnusDawg said:Crypto is a pyramid scheme until people actually start accepting it for payment - and not just two or three main-stream businesses.
Until I can buy my maple bars and goddamned delicious M&M Cookies at Albertsons with crypto, it does me very little good.
#tuplips -
But from my understanding the "wash rule" still doesn't apply to alt coins. Am I wrong?DerekJohnson said:
In 2014greenblood said:
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.DerekJohnson said:
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 itHFNY said:Does anyone here use crypto as medium of exchange or do people just park some spare cash in it?
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That I do not know.greenblood said:
But from my understanding the "wash rule" still doesn't apply to alt coins. Am I wrong?DerekJohnson said:
In 2014greenblood said:
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.DerekJohnson said:
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 itHFNY said:Does anyone here use crypto as medium of exchange or do people just park some spare cash in it?
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That would suckDerekJohnson said:
That I do not know.greenblood said:
But from my understanding the "wash rule" still doesn't apply to alt coins. Am I wrong?DerekJohnson said:
In 2014greenblood said:
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.DerekJohnson said:
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 itHFNY said:Does anyone here use crypto as medium of exchange or do people just park some spare cash in it?
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Look at the 27.5-29.5 BTC region for buyback
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Sonic any trends broken that would raise your buy range? I may dip into the world of the unknown.
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Bull trap pump across the board. Do not buy anything and only open up shorts. The dump is going to be absurd, especially alts
