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Aarrow 14 points ago +14 / -0

Don't invest what you cant afford to lose. Why gamble with "everything". People are learning some very hard lessons. They are very volatile, that's why there is such high reward. And clearly those markets are very manipulated now also, probably with criminal assets.

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BasedInFact 3 points ago +8 / -5

The whole problem is, it’s not “investing.”

And even gambling would be preferable to this.

This crypto crap is the world’s biggest scam, baiting the easy prey that is the huge mass of people who want money-for-nothing, don’t know history, and ignore logic.

The money (the real-asset product of people’s labor and creation) that got plowed into this scheme didn’t just evaporate. It was “reappropriated”.

This is the laughably-predictable end to every last uncollateralized “cryptocurrency”.

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deleted 5 points ago +5 / -0
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deleted 1 point ago +3 / -2
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BasedInFact 2 points ago +5 / -3

Ok then. 🤪🤣🤣🤣

To anyone sane, please recognize here how both greed and desperation dangerously lead people to taking complete leave of their capability for rational judgement.

To everyone else, good luck taking down the Synagogue of Satan by dumping your wealth into ridiculous internet tokens. 👍

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BigMikesSaggyBaggins 1 point ago +1 / -0

Blockchain technology is going to exist forever, whether you like it or not. Yes, there are many scam cryptos out there, all crypto traders know this too. We aren't in it for the tokens, we are investing in the next breakthrough tech. Mark my words, it's going to happen.

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deleted 1 point ago +2 / -1
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deleted 1 point ago +1 / -0
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Endless_Summer99 1 point ago +1 / -0

Hold on a second here....

These two women were so mad that the best course of action that they could think of was to shit into their OWN HANDS and then throw it at one another? Mind blowing

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Ginnifer68 1 point ago +1 / -0

The same evil pricks are behind crypto…

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LongTimeListener 2 points ago +3 / -1

Crypto is a psyop to both exfiltrate wealth from the middle class and to ease us into digital currency. It goes hand in hand with smart phone pay apps.

Personally I wouldnt touch any crypto with a 100 foot pole. Physical metals is where you should place you extra money. The same amount of gold used to buy a loaf of bread in 1850 will buy a loaf of bread now. That is value.

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deleted 1 point ago +1 / -0
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Ginnifer68 1 point ago +1 / -0

“Spread” just means the lower price is bs. The actual price is higher. So what?

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deleted 1 point ago +1 / -0
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Pbman2 1 point ago +1 / -0

The paper price is fake,we knew this spread would get larger and larger last year. Dealers are now buying back for more than the spot price.

We're pretty sure,miners are selling off the comex for over spot,to banks that need the metal to settle contract,they don't want to settle with comex metal as that would push up the price.

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deleted 1 point ago +1 / -0
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Pbman2 2 points ago +2 / -0

Most of the big dealers will have the buy back price listed somewere.. they have to pay over spot when they buy it it from the mints. If I didn't already have 1600 plus oz,I would be backing up the truck right now.

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anatidaephobia 1 point ago +1 / -0

"Investing", shouldn't be more than "investing" in metals. See if metals where just as popular as crypto (which it should be logically) they would have manipulated those markets just as much, making it look worse than gambling. It's all by design to scare you back to Bidet bucks.

Don't blame the asset for globalist market manipulation, that's how you let them win.

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deleted 11 points ago +11 / -0
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Power 3 points ago +3 / -0

Has anyone heard of a stop loss ?

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anatidaephobia 1 point ago +1 / -0

On certain centralized exchanges (*cough* Coinbase), stop losses are prone to fail when needed the most. In this case it might not have been enough with a stop loss. Question is, where are the people behind Luna right now, is the network operational, did exchanges delist it and so on. There's a few factors to consider. Tho looking at the charts it seems like a typical exit scam, like Beconnnnnect

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anonleo1579 4 points ago +4 / -0

Guess they got very greedy. They made their beds, now they have to lie in it.

If they weren't greedy they would have diversified.

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deleted 2 points ago +2 / -0
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GA_Logic 1 point ago +1 / -0

That is the smart approach.

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ghostsage 2 points ago +2 / -0

Well, who could have known that it was possible for the value of an asset to decrease?!

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anonleo1579 1 point ago +1 / -0

I get your sarcasm but I can imagine some people truely believe this with how the stock markets are being manipulated. Inflation over 9000? Market goes up. So many examples.

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NippleSalad 1 point ago +2 / -1

Doesn't matter how much you diversify. if this was even 10% of someone's portfolio it would still hurt, it went from $90 to less than a cent in just a couple days.

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anonleo1579 3 points ago +3 / -0

I think most of these people who decide to take their lifes after this event put 200% into crypto. All their money and money that isn't theirs a.k.a loans.

Might be wrong though. Maybe the aspect of losing a luxury lifestyle and going back to a more normal lifestyle is enough for them to end it but I have a hard time believing that.

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Aarrow 3 points ago +3 / -0

Losing 10% isn't "everything" though. There have been major warning signs in all markets for weeks now. Be ok with losing what is in them if you are going to try and stick it out. If you only lost 10% that would give you a chance to back off the markets when you realize shit is unstable. Have some hard assets, and other assets that are extremely speculative that you can survive without if they implode.

I see traders all the time who blow up their whole accounts within minutes, they decide to short low cost high momentum stocks which then get short-sqeezed to oblivion. But they know it's high-risk high reward.

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anonleo1579 3 points ago +3 / -0

Exactly.

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intellectual-darkweb 2 points ago +2 / -0

My sense (and hope) was that the suicides were of certain globohomos and their puppets.

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ashlanddog 2 points ago +3 / -1

...top 4 actually....

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MammasAlwaysRIGHT 2 points ago +2 / -0

Money is replaceable. You are not. I know it’s rough but hold on.

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NanoKhuma 2 points ago +2 / -0

Wasn't the cause LUNA's stablecoin going bust, dragging the whole ecosystem down with it? Gives me bad vibes about the rest of the market, thanks to Tether's iffy backing.

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Jackdagger 2 points ago +3 / -1

Crypto is always fascinating because you watch all the millionaire Lamborghini gurus dissappear overnight every 3 to 5 years...meanwhile the people that know what they are doing keep buying and getting richer and play it more cautiously than the people who think it is "easy money"

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intellectual-darkweb 1 point ago +1 / -0

The more I learn about investing the more I realize 1) I knew nothing before, when I thought I did, and 2) anyone can become wealthy if they have the desire (takes hard work). The goal isn’t the accumulation of things. The goal is FREEDOM (financial, spiritual, mental, etc). In the truest sense.

Tons of good books out there. Here are some freely available audiobooks:

Rich Dad Poor Dad https://m.youtube.com/watch?v=wp7Lz1svVro

Rich Dad Poor Dad Cashflow Quadrant https://m.youtube.com/watch?v=grVD6e4NILw

The Richest Man in Babylon https://m.youtube.com/watch?v=wglndSWrvsM

Think and Grow Rich https://m.youtube.com/watch?v=ZUbfskQ-GAY

The Magic of Thinking Big https://m.youtube.com/watch?v=p13s38JW9ng

The 4-Hour Workweek https://m.youtube.com/watch?v=taCl3MLVSVU

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GA_Logic 1 point ago +1 / -0

Investing in stocks and crypto is not for the timid and risk averse.

Also, throwing everything you have into them is mind boggling dumb and amateurish.

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Pbman2 2 points ago +2 / -0

I've invest over 1/2 in real money. My silver still weighs the same.

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Secretyrussianspy 1 point ago +1 / -0

Bitcoin is the only tried and true non-speculation crypto. Everything else is a gamble.

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CavePeasant 1 point ago +2 / -1

That’s their own fault for sinking everything into crypto. I would NEVER do that. You only put in what you can afford to lose.

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BasedInFact 0 points ago +3 / -3

Whaaaat? You mean some worthless virtual token, deemed “stable” by some fraudulent “math”, wasn’t a good “investment”?!? No way!

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Jackdagger 1 point ago +1 / -0

That's a narrow-minded view. If it was worthless elites wouldn't be storing it offline in hidden secure bunkers. Also it wouldn't still be worth 30k. Stocks aren't really worth anything either...sure they are tied to massively overinflated companies but that's not really any better overall