>Hey guys, did you run away?I've already run away. If you don't run too, you're an idiot.
>>62558315Crypto was doomed when people stopped imagining it as a currency and started imagining it as a stonk in some vaguely defined blockchain future.Now that it's obvious blockchain tech was a nothingburger and we have better things to invest in there's really nowhere to go but down.
>>62558315Cexes in 26 kek
>>62558315Imagine cexxing!
What does the whole chart look like spanning across multiple cycles?
>>62558315That's because everyone is playing the new halo game.
>>62558796That's the interesting question, and one would need to adjust it to inflation and use a real metric instead of "monies". My suspicion is, the moment the ETF bullshit started, crapto died
I've been trying to warn you all but no one wants to listen
Lots of bottom signals these days
>>62559161This. Trust the plan, crapto marines. Greater fools are coming to buy our bags. Any moment now.
>>62559171You think youre the first person to say this in the last 10 years?
>>62559175>last 10 years?It's unironically different this time
>>62559177So fiat has no bottom, big newsThe marked region also looks exactly the same as in 2020
>>62558315Polkadot up 10% from the lows
>>62558315normies are sinking all their money into the new gambling paradigm (prediction markets) and pokemon cards, crapto is lame failed boomershit nowand that's still way too much volume for a bear market, granted most of that is bots rugging and wash tradingsub-10k incoming
>>62559127the mind of a complete retard. ETFs have been a thing for longer than crypto even existed
>>62559210You stupid boomer minds really never got the value proposition of crapto when it was still crypto; it was divorced from the regulatory frameworks of failing states. The moment regulations got drafted and legislated that made it possible for loyalists and opportunists of the failing state, like funds and other corpo clowns to put it on their books legally without friction, repackage it and integrate it into the 60 year old ponzi pyramid, bankrupt for the past 40, it lost its value
I ran away last year when prices were up. I still have a little bit just in case, not enough that I'm scared to lose. Trump's election was the end, his presidency discredits crypto by association.
>>62559236>>>/pol/You fucking retard
the fallout from the GPU crisis, FTX failure, various other exchange failures, and outright theft from mr. robot types, still lingers. in the early days, for the people who had the money for a solar array and GPUs, it was good. that was ten years ago, more by some accounts.
>>62559228The US is not a failing state though, despite what Reddit/r/politics is trying to make you believe. There is also literally nothing wrong with 2.5% inflation a year, forcing the fat cats to not just horde stashes of cash but keeping it circulating.
>>62559228>>62558340I had this exact realization being part of some Antler batch in 2021. I described crypto as anti-regulation, anti-government technology and got looked at like I was insane.To them it was simply stocks with 24/7 trading and gambling incentives. The original value proposition had become culturally unintelligible.Hail Monero.
>>62559247Not just the US is an at this point failed state, the entire post Westphalian understanding of state on a global scale already failed. What you call the "state", is just a potpourri of organizations that rely on trust and ability of coercing inhabitants of a territory into self regulation according to virtual order and paper laws, is done for. Sure formally they still exist, sure the motions by the actors are still done, but the reality of the matter is, these organization are hardly able to enforce their norms outside of isolated cases that are then propagandistically used in a fail attempt to coerce self regulation.Its not necessary anymore to adhere to the "state", the cost of defection is lower than the cost of cooperation
>>62558315Wait till the millions from the coincard hack hit the exchanges. Then the volume will pump and we will soar to ATHs
>>62559255Xmr "devs" appear to have fucked up too. "Carrot" is an attempt to lick the disintegrating boot of a failed state. Crapto as a whole seems to have failed
>>62559271>What you call the "state", is just a potpourri of organizations that rely on trust and ability of coercing inhabitants of a territory into self regulation according to virtual order and paper laws, is done forThat has literally always been the definition of a state. There was not some magical grand period in the past where the state WASN'T some duct-taped together ad hoc emergent construct, only kept in place because the alternative is worse. It's not just individual people that make it up as they go through adulthood, it's also the state. They are making up that which works throughout the state's existence. There is not some playbook they can refer to.
>>62559287>The alternative is worse >T-therefore pleassssse don't defect from the current band of epistemic failuresIts over. Continuation power impossible. Dark age incoming. Maybe at some point in the far future, two or 9 centuries down the road out of the entropy a new hegemonic epistem arises, but until then, the current "state", its organization and actors are just one among many. For now, defection is the winning move
>>62559275I'm still using it for books online since Anthromorphic and other ai data training companies have been tearing up rare and hard to find books. Ex Project PanamaYou can't stop these ai tech companies from buying up millions of old books and burning them afterwards, so i usually donate to book piracy sites via crypto because these companies aren't stopping anytime soon, and theyll probably assist in taking down book sites to cover their tracks in the future.
>>62559305Oh the current fear porn narrative in a fail attempt to mobilize against ponzi companies whose trashbonds are not just threatening to kill them but implode the entire shitshow. are you one of the shills or a retard that fell for transparent shilling? Newsflash, the 20th century methodologies of consensus fabrication and mobilization are dead.
>>62559305based
>>62559298>>T-therefore pleassssse don't defect from the current band of epistemic failuresWhy do you strawman me/other people into such a strong statement? I explained why the state works. I did not explain why I believe other stuff does not works. And most strongly at all, I did not ask other people to not even try.If you build underwater Rapture and it works, I might be one of the first that emigrates there.
>>62558315Why trade crypto when there's stocks?
No one uses CEX's anymore1. No one trade altcoins anymore2. People trade memecoins on DEX's AAM's (Pumpswap/Uniswap)3. People trade perps on DEX perps (Hyperliquid/Aster)
>>62559369You still don't seem to get the difference between "state" and state. The "state" failed, so what you BELIEVE to be a universally collectively eternally accepted mode of territorial organization is dead, because the cost of defection is lower than the cost of cooperation, for now on an individual level, cutting off the supply lines of actors to the failed "state" and down the road likely local, then regional. While the Leviathan is dying its not recommendable to go for local defectory organization, that's painting a target on ones back - which crapto showed to be the case, and why it failed. It was too early
ask the average person on the street about crypto and they will think you are a scamming crypto bro, there is no way to get retail money to come back after all the rugpulls, its over
>>62559417Yes. Crapto was the vanguard attempt at launching an organized attack on a state that was failing, yet was still too strong to be killed. It showed that commitment to any emerging state is for now a losing move
>>62559446It showed that the winning move in the current interregnum is pure exploitation of every state
>>62559446>>62559450Buzzwords. Crypto is dead. In fact to add to what the other dude said, look at the DOW and overlay crypto exchanges. You will see it is tethered to the stock market and therefore to the USD. It is speculative trash. All the crypto ATMs are gone, the short lived stores all gone too. It has no base, no value, no measure. Speculative garbage. Once legislation was introduced to monitor transaction and tax crypto, it was more than dead. 8 different issues that can rugpull you at any time, exchanges that are run by literal street shitters. Boy, howdy. Sure sounds fun to me. You have nothing to stand on which is the funny part. You will just throw in more neo tech speak buzzwords to mental gymnastics your way to a very fake reality. Crypto is dead and you are retarded.
>not a single hopeful postcool niggas but i'm still going all-in with low 7 figs in a few months
>>62558315>tracked by KIKE-O
>>62559466>Fake reality All realities are fake. Nobody stops you to commit to any of them and become a true believer and dying with them, but as said, that's (ontological) cooperation which is extremely costly compared to absolute non-commitment, exploitation and fundamental defection when all fake realities are in hyper competitiveness. There is not going to be an emerging state, a set of broadly recognized stable assumptions about reality in the life time of those currently alive and likely not those born over the next century or two.
>>62559161agreed, everyone's way too bearish even after everything dropped around 30% in a month and there has been almost a year of monthly red candlesselling pressure is clearly getting exhausted too, ironically on chain data shows that transactions and usage are actually up, and bitcoin is being soaked up faster than miners can release the coins
>>62559766And where is the "buying pressure" supposed to come from? You forget, the greatest fools, pension funds, are in, and their buying pressure is the delta between those that want to cash out and those who are paying in, which is negative
>>62559843the outflows will return as inflows, magical concept, i know
>>6255831515 years and all crypto became was saylorcoin and digital US dollars for turdies to park their 4 figure salaries in.
>>62558315>dump Bitcoin every time Chainlink gets some news for six straight years>"guys why is money fleeing from crypto???"
>>62559855Ahahahahahahahahahaha Wait, you are serious aren't you?Ahahahahahahahahahaha
>>62559897i'm completely serious, you are gay
>>62558315>>trading = gamblingmaybe zoomie faggots have lost enough to understand that they can't beat the market and it's best to buy and hold
>>62559903Crapto lost its base demographic group that used it as mean to defect from the boomer ponzi, these are not coming back with it being part of the boomer ponzi. And the boomer ponzis cashflow is negative since the youngest boomer are now cashflow negative with the cashflow by the active population having been reduced on average by 10%.>B-but where did all the monies goIt is largely used to prop up legacy collateral and prevent that collateral from going to equilibrium. So its locked up and illiquid as the moment it would become liquid the entire 60 year old ponzi collapses
>>62558315noooo, I still haven't made it
>>62559273All of the address are flagged already. Every single one. When they hit the exchange, they will get bounced back automatically. The only other way is to funnel them through Russia now,.
>>62558315I voted for this
>>62559228Crypto had a good run, but anyone saying institutional option just means we want to control crypto
>>62558315What did they expect? Greedy scam exchanges kept pumping and dumping to liquidate everyone until nothing is left. Should’ve just collected fees instead of being brown scammers.
>>62562556It was an interesting attempt at an attack on the fundamentals of centralized committee governance through a liquid medium, and despite its failure there are lessons learned from the lost battle.The opposition needs to be fundamental; there cannot be cooperation with any entity or individual that is even slightly connected to the dying state. Loyalists and opportunists need to be treated like enemies The attack vectors need to be mobile, easily abandoned and replaced, to make it impossible for inert centralized committee governance structures to launch effective counter attacks or attempt integrations; making them waste their limited resources while the attack vectors can be switched — that's the lesson from the failure of buttcorn specifically, its a mistake to rally behind one vector.
>>62558315crypto is a scam, and it's scammed too many people while amounting to absolutely nothing. It can't scale and will never scale, It's obvious it won't be a revolution and literally the only thing that came out of crypto of any value are stablecoins.
>>62564374AHAHAHAHAHAHAHAHA>scalingthe 2010s want their fud narrative back geezer. That was one of the assets, it was the moat that made it impossible for it to be effectively integrated by a dying system and has made all the investments into fighting and financializing it a loss for the counter attackers.Yes, they "control" it now, but what they control is effectively worthless, a pure cost with no ability to profit off the control
>>62558315There will be winners in crypto but 99.9 of the projects are going to 0. Stable coins will play a major role in the future. Shitcoins will be obliterated. Bitcoin will be see gradual success. A few top 20 coins will stick around.
>>62565234stable coins are the crap that made crapto obsolete
holy fuck shut up about crypto you dumb fucking boomers
>>62565234stablecoins are trash. they essentially are dollar reserves and they suffer all of the same problems as holding dollars.
>>62559843By your logic at each cycle the greatest fool was in, but look what happened the next cycle? A new batches of greatest fools? The same buying again?
>>62566028Wrong. With each bubble more legacy crap entered. The bubble before this one was hedge funds, fools that required some legalese but were okay with a little bit of grey, this bubble was the absolute greatest fools, those who require a full on regulatory framework, there is nobody beyond that. Its the last batch of fools that prvided the exit liquidity for the others to get the fuck oput of this failure
>>62559255>I described crypto as anti-regulation, anti-government technologyAnd that was your folly. Technology is pro-regulation, technology is pro-government. You need governments, and the regulations they use to control people in order to have anything bigger than a tribe in the long-term, really, and technology isn't really sustainable without centralized infrastructure. Even if you ignore the fact that governments are never going to allow something like that to exist without co-opting it, people who look at it this way are ignoring the fact that nobody alive today should want anything to do with regressing to a no-regulation, no-governments world. None of us will survive it, we're completely dependent on centralized interests for our survival.>inb4 something something off the gridSurviving alone isn't all its cracked up to be. Its a lot of work for very little gain, which is why humanity moved towards the convenience of commoditized surplus in the first place.
>>62566246>Y-you need unproductive regulatory rent seeking leechesLol no. They need to die
>>62566971Truely. Milei doesn't go far enough. 2 quarters of deficit should not just leave the polity and bureaucrats without pay, but execution and expropriation of the families
>>62559766I'm guessing we hit the bottom already, but we can't be too certain.Anyway, I'll just keep DCAing while putting my BTC to work in babylon for long term hold. This way, anywhere the market decides to go, I'll be ready for it.
>>62559275How are you falling for the carrot fud it’s so obviously bullshit?
>>62571114How desperate
>>62558315Bot+uncle tom signal>Bruh, idiotsYes. Argument right there. Thank you for looking out for my personal interests.>>62558796 maybe there's a pattern that liquidity 'dries up' before the bull begins? Who could ever know?
>>62571827Tell us baggie, where is the external liquidity supposed to come from? It cannot be "pension funds", these are in and cashflow negative. It cannot really be the "state", global public debt at comical levels and risk premiums being pure trash on the long end and getting bumped up on the short end makes any "inflating the debt away" operation the set up for state failure
>>62559159I was a fool, anon...
>>62559247>forcing the fat cats toThe fat cats make the money you blithering moron.>2.5%So...that's 2.5% on the base.So it's trillions of dollars.Did you get a check somewhere along the way each year?Also, it's been 15%-20% compounding for about five years now.
>>62571863He said "idiot".
>>62558340Seems like only Monero and Litecoin will prevail in the end. Not that I mind.
>>62568935late june was likely the bottom, the rest is just boring consolidation
>>62558315Less liquidity means bigger price swings, which will attract them all back.
>>62558315but muh crypto presidentwhat about muh crypto president, guys?
>>62558315>$100b volume in FebruaryThe volume is fake and gay. Take away the bots and wash trading then see what the real volume is. Crypto has been dead longer than most people realize
>>62559159Sick prediction but metaverse doesn't exist anymore lol
