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Rocky

Well-Known Radge
I can't answer your question as I don't know what would happen. It's never happened, so I have nothing to base an answer of. Probably the same result if there was a run on the banks.

Hypothetically speaking, I'd move my money out of Tether back to Bitcoin and buy gold. Or hold it in crypto.
Fair play, I recognise I'm coming across as a bit of a prick, (not for the first time obvs) but you've continued to engage in good faith.

My view would be that when (or if) the time comes it'll happen way too fast for the majority to get out and into another asset class. You can only get out if someone wants in and there'll only be enough demand from people trying to "buy the dip" to last maybe twenty minutes or so before it rattles right off the cliff edge.

Considering my example above relates to a supposedly "safe" stablecoin with $69bn of "investment" only being supported by $2bn of dollars and you don't have a view on what would happen if a mere 10% of people wanted out I think it's plain to see that any crypto is a very high risk asset which *could* crash to zero. And you can't compare stablecoin to a run on the banks for the reasons I outlined above (liquidity and capital reserve rules / deposit protection).

Folk will make some huge profits along the way but any that haven't been converted to fiat are only paper profits and can disappear like snaw aff a dyke.
 

SuperTortolano

Legendary Radge
Fair play, I recognise I'm coming across as a bit of a prick, (not for the first time obvs) but you've continued to engage in good faith.

My view would be that when (or if) the time comes it'll happen way too fast for the majority to get out and into another asset class. You can only get out if someone wants in and there'll only be enough demand from people trying to "buy the dip" to last maybe twenty minutes or so before it rattles right off the cliff edge.

Considering my example above relates to a supposedly "safe" stablecoin with $69bn of "investment" only being supported by $2bn of dollars and you don't have a view on what would happen if a mere 10% of people wanted out I think it's plain to see that any crypto is a very high risk asset which *could* crash to zero. And you can't compare stablecoin to a run on the banks for the reasons I outlined above (liquidity and capital reserve rules / deposit protection).

Folk will make some huge profits along the way but any that haven't been converted to fiat are only paper profits and can disappear like snaw aff a dyke.

Nah mate, not a prick at all. It's good to have a healthy debate from time to time. I can't say you are wrong in what you have said, anything is possible.

I really can't answer the question. I remember when Bitcoin crashed and 60% was wiped out. It was quickly bought up by large investors. Time will tell if Bitcoin and crypto are here to stay, or if it will crash and burn. I'm gambling on it staying strong and going higher in the long run.
 

Rocky

Well-Known Radge
Nah mate, not a prick at all. It's good to have a healthy debate from time to time. I can't say you are wrong in what you have said, anything is possible.

I really can't answer the question. I remember when Bitcoin crashed and 60% was wiped out. It was quickly bought up by large investors. Time will tell if Bitcoin and crypto are here to stay, or if it will crash and burn. I'm gambling on it staying strong and going higher in the long run.
When you're sitting on $10 million worth and the wee nagging voice in your head says "maybe that prick Rocky was right, I'm going to get that out and into fiat" just before it crashes to zero you can buy me a pint.

And if you get out into fiat and it subsequently rockets to $100 million I'll buy you a pint to make up for it. Can't say fairer than that 😂
 

SuperTortolano

Legendary Radge
When you're sitting on $10 million worth and the wee nagging voice in your head says "maybe that prick Rocky was right, I'm going to get that out and into fiat" just before it crashes to zero you can buy me a pint.

And if you get out into fiat and it subsequently rockets to $100 million I'll buy you a pint to make up for it. Can't say fairer than that 😂

If I make $10 million I'll fly back hame and have an open bar for the whole bounce! If I'm flat broke, I'll gladly take that pint 😂
 

moathibby

Legendary Radge
How many people on here spunk money at the bookies, or the lottery every week? Investing whatever you can afford here and there on crypto, or any other investment isn't half as bad. Yes market's crash, but they also recover. When you bet T3 at Monmore and it gets pumped, that's your dosh gone.
Yes I spunk £2.50 on euromillions nearly every week.Silly me.
 

moathibby

Legendary Radge
Every time someone mentions gold prices, or platinum prices I just think of some poor fucker down a hole in some muddy hot land carrying a sack on his back struggling up some slope bringing the stuff to the surface.So that we can take it, mold it into blocks, and put it in some vaults way underground.
 

HaarlemShuffler

Coffee Shop Radge
Every time someone mentions gold prices, or platinum prices I just think of some poor fucker down a hole in some muddy hot land carrying a sack on his back struggling up some slope bringing the stuff to the surface.So that we can take it, mold it into blocks, and put it in some vaults way underground.
Not a word too many 👍and always worth mentioning in a life.
 

SuperTortolano

Legendary Radge
I’ve cashed out of SHIB at 838% profit and put half in some of the big dippers today. Sitting on the rest for a rainy day. Live to regret this @SuperTortolano?

I cashed out half of mine today and left half in. I'm around 600% profit from Shib. I just topped up my hardcore Alt coins like VET, SOL, CELR, XLM and ADA.

Also just took some profit from CATGIRL. Just shy of 900% profit on that one. Left 1 trillion coins in there though. I think that and Doge Dash will be big!

Another one I just dipped my toe in to is called
AstroSwap. The staking APY rewards are insane. Worth at least checking out.
 

C4MMY

Well-Known Radge
I’ve cashed most of mine out now aswell can’t be arsed with all the fees attached probably just stick more to bep20 ones going forward
 

Westside Green

Well-Known Radge
I asked my son if he fancied a punt on these NFT's but he told me to beat it. He then went and opened an account and bought a few different crypto's and has withdrawn his original stake and is sitting with a balance of about £150.
 

SuperTortolano

Legendary Radge
Current run ending soon @SuperTortolano ? Been a good 4-6wks.

I'm still staying in the game. I still think Bitcoin hits $100,000 by year end.

My shit coins have been making me the most money. Catgirl is going to be the next Shiba/Doge. I got in very early and taken profit, still have a lot riding on it though. It's up about 2000% in the last 30 days. Bouncer's can't say I didn't warn them. Heads up was given in this thread. Doge Dash is another that will start moving when the game is released.
 
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