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  • #541
  • May 12, 2022 7:13am May 12, 2022 7:13am
OK look industry bashing, 'I'm smarter than the rest' and laughing about unfortunates etc really doesn't interest me. I'm only interested in cause and effect, so I'll leave you to it. But for anyone who's fairly new to trading this is an excellent example of a heist, and it ain't over yet.
  • #542
  • May 12, 2022 11:35pm May 12, 2022 11:35pm
Quoting triphop
OK look industry bashing, 'I'm smarter than the rest' and laughing about unfortunates etc really doesn't interest me. I'm only interested in cause and effect, so I'll leave you to it. But for anyone who's fairly new to trading this is an excellent example of a heist, and it ain't over yet.
Ok, you don't have to be too smart to realise simple things .....like, politics is also cause and effect. And politics and sovereignty shit it's everywhere and forever.

Then, the planet limitations are fact. We maybe need 3 planets' resources and another two more China's cheap labour volume to build a viable infrastructure in order to electric-feed a proof of work blockchain, if global adoption. Perfect definition for utopia.

But losers and butthurts choose to stay anti-sys blind, wry (see hodl psycho fixation) and radical, ...nothing new under the sun
Zooo ...buy, baby, buy, buy and hodl, ...or you'll be missing out this millennium deal !!
It's the new millennium tulipmania, everybody !
Only much more treacherous and long lasting this time... oh, that makes it a great deal, ...mostly for crooks !

A heist ? Oh, come on, who's robbing you, you crypto angels, you saviours of this dirty world ? ...oh, it's the current crooked system, of course, excuse me!
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  • #543
  • May 13, 2022 3:00am May 13, 2022 3:00am
Quoting TudorIoan
{quote} Ok, you don't have to be too smart to realise simple things .....like, politics is also cause and effect. And politics and sovereignty shit it's everywhere and forever. Then, the planet limitations are fact. We maybe need 3 planets' resources and another two more China's cheap labour volume to build a viable infrastructure in order to electric-feed a proof of work blockchain, if global adoption. Perfect definition for utopia. But losers and butthurts choose to stay anti-sys blind,...
you're getting mixed up between what I think/you think and trading. I'm not a crypto enthusiast - I think the whole things a complete waste of energy, full of corruption and useless save for a few marginal gains from blockchain tech. But I'm not trading my personal view, I'm trading the market. This is a trading forum - so all that counts is who's on the other side of this down move, where they exit, and where they'll buy. Your vision of the future suggests there is no other cycle after this one. I think there will be and my own wishes and desires don't come into it. These basics are all I care about - and I am basic.

So stay short till tether is broken, and that's looking likely. Yesterday the peg broke briefly, but it needs to capitulate entirely. During the contagion of other stablecoin collapses Hindenburg et al will unload. And then, and only then, there'll be buying opportunities galore in btc again.
  • #544
  • May 15, 2022 10:39pm May 15, 2022 10:39pm
Quoting triphop
{quote} you're getting mixed up between what I think/you think and trading. I'm not a crypto enthusiast - I think the whole things a complete waste of energy, full of corruption and useless save for a few marginal gains from blockchain tech. But I'm not trading my personal view, I'm trading the market. This is a trading forum - so all that counts is who's on the other side of this down move, where they exit, and where they'll buy. Your vision of the future suggests there is no other cycle after this one. I think there will be and my own wishes and...
Crypto trash can't go up forever. Not only just because the basics are wrong. And I don't mean blockchain is wrong. Although, it can be at most a coded projection of real assets.
Next "cycle" would be possible like 50% ...even less than 50% because is highly unlikely to see another round of those cheap real-money anytime soon ...so, pure luck. Good luck!

Oh, BTW, I'm long from 12K ...and I use to hold ...pure speculation in fact, it's fun ...but basics, still wrong.
Member
  • #545
  • May 16, 2022 2:02am May 16, 2022 2:02am
Quoting TudorIoan
{quote} Crypto trash can't go up forever. Not only just because the basics are wrong. And I don't mean blockchain is wrong. Although, it can be at most a coded projection of real assets. Next "cycle" would be possible like 50% ...even less than 50% because is highly unlikely to see another round of those cheap real-money anytime soon ...so, pure luck. Good luck! Oh, BTW, I'm long from 12K ...and I use to hold ...pure speculation in fact, it's fun ...but basics, still wrong.
that's an excellent entry, hats off to you squire. I hope you've GTFO or if not, at the next bounce upwards....

Tether reminds me of the ERM peg, only less stable, backed up by less money proportionately, and full of way more corruption. When it blows and a few more coins go the wall - then we're on again. You say 50%, I say way more, but it's all relative to how far it falls and who's in on the next round. Let's check in during the aftermath. Coming to an exchange near you soon...
  • #546
  • Edited 10:15pm May 18, 2022 3:12am | Edited 10:15pm
Quoting triphop
{quote} that's an excellent entry, hats off to you squire. I hope you've GTFO or if not, at the next bounce upwards.... Tether reminds me of the ERM peg, only less stable, backed up by less money proportionately, and full of way more corruption. When it blows and a few more coins go the wall - then we're on again. You say 50%, I say way more, but it's all relative to how far it falls and who's in on the next round. Let's check in during the aftermath. Coming to an exchange near you soon...
Hehe, ok, let's get this straight. If we're talking the going up probability, 50% actually means nothing. Zero. Zero anything. Zero chance to win or lose in this 50-50 game. Because the other 50 is obviously against it, whichever comes up first. Mathematically, you can play this crap forever winning shit.
Extended to a mass of players, that would make it a zero-sum game, wouldn't it ?
But I use to say ”even less than 50%”, which could be seen as a paradox in a 50-50 game. Of course, that's because the big money in the game are makeing the crypto market a negative-sum game... Forex, Sports betting, Casino business too.
And this thread shows how few people realises simple things like that.
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  • #547
  • May 19, 2022 7:42am May 19, 2022 7:42am
Zero sum absolutely. What's mad though is some people, even when presented with information that would give them not only direction, but the source, the reason, the cause and even the timing to be on the right side, cheerfully ignore it! Crazy old world eh.
  • #548
  • May 19, 2022 10:03pm May 19, 2022 10:03pm
Quoting triphop
Zero sum absolutely. What's mad though is some people, even when presented with information that would give them not only direction, but the source, the reason, the cause and even the timing to be on the right side, cheerfully ignore it! Crazy old world eh.
They can't be all winners, eh! So it's a perfect world.
Member
  • #549
  • Jun 14, 2022 7:50am Jun 14, 2022 7:50am
Current crypto collaps is just the beginning. Cheap money and energy created this scam, expensive money and energy currently brings it down...... and the final nails in the coffin will come through regulation..... far too late and once again after the damage on retailers is giantic. But this time I don't feel sorry.... they have been warned in great detail. Let see if from the what part of the 3 Trillion peak market cap will survive as actual value...... I guess close to nothing.

99% will be vaporized.....

Good thing is that Musk, Tesla and other crypto pushers start losing significant money too. Hope they stay in denial for a very long time, double and triple down and finally fucking lose their shirts because of their giantic egos. Would be well deserved.

The penetration before this crash was already very big. So it will be hard to restart an other bubble with the same thing.

The snakeoilers, scammers and shovelsellers will look for new strategiesa and greener pastures.... any ideas what is the next thing they hype to oblivion. Nuclear fusion, space mining, AI robots........?
  • #550
  • Jun 15, 2022 1:00am Jun 15, 2022 1:00am
"Cheap money and energy created this scam" indeed.
But the crypto idea began and spread like wildfire among the smarties like pure hatred. It's the hate against the banks, the rich, the IRS, the law enforcement, the government, the establishment ...the system. And hatred is a powerful thing.So it is the ego of the young coders, the new experts of the world in tech matters...
Generally, decentralization "of things", yeah, hits corruption and inefficiency, but on the other side it brings up instability at least, and way much wider gaps between booms and crashes, oligarchy and monopol at worse...

Reglementation - No reglementation. The forever dilemma.

Haters and smarties are never wise enough to dose anything smoothly. They were just born crazy, insignificant, hungry, arrogant... and it hurts.
They want to switch off the world and reboot, and they want it now! So eventually they can come up on the top smiling, rich, smart and powerful, ...and they want it right quick.
Musk is just the lucky one, being among the first in fine marketing for the great dreams of humanity. The rest are captious trash.
Today, just a few are aware that "electrifying" everything it just doesn't fucking scale !! You need to cheat damn physics to make it scalable! It's not a matter of time, progress !!
But Musk is an excellent clown and the mob love to buy it.

Nothing new under the sun, when you think you're smart enough to play God and try to fix the world ...it always cuts both ways. At most you can find a niche, go create your different fancy tulipmania, take the credits and benefits, and go fuck yourself on your private island, because in the end the world will remain fucked as it always has been. Zoom out and you'll find a jungle made of 1% super-rich, 15-20% winners (middle class), and the rest... schmucks, losers, dreamers, small crooks, thugs... and Forex players, ........errr, BTW, buy USD now ?

True, today we have new toys, new scams, new guns, new tools... but the same social mess, forever.
And now, it's time to go down on the new hate... the hate against the West.

So it's an ugly bear market everywhere.
Crypto follows stocks... So much for that trumpeted "crypto protection"

Funny thing, the USD is still king, the greatest enemy of both crypto and those Eastern frustrated commies and barbarians!!
BTW, those morons win shit ! Beacuse hate is just losing on the long run...
Member
  • #551
  • Jun 27, 2022 3:27am Jun 27, 2022 3:27am
Forex isn't inherently a losing game actually. It really depends on how willing you are to take the risk, such as high leverage, the product you trade, etc.
  • #552
  • Jul 4, 2022 7:46am Jul 4, 2022 7:46am
Quoting mikejjoseph
Forex isn't inherently a losing game actually. It really depends on how willing you are to take the risk, such as high leverage, the product you trade, etc.
You will likely learn it the hard way.... quite before 1 year goes by (if you trade real money) and waste money and especially time to finally learn what is obvious and described in my thread.
  • #553
  • Jul 4, 2022 8:25am Jul 4, 2022 8:25am
Hudi .. still trying to compensate your own incapabilities by mixing up facts with selective perception?
So I guess it is important to take some wind out of your sails from time to time.. here I am!

Is it easy to make money trading FX? Is it even recommendable? Not really. But IT IS possible to earn money here longterm!

For all the silent readers, do yourself a favor and form your own opinion. I am not into a general discussion here anymore (search for the numerous attempts over the last years in this thread/forum!), but I am still happy with my steady peace of mind FX returns .

But to put it with Hudis infallible logic: I am just incredibly "lucky"!
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  • #554
  • Jul 6, 2022 2:28am Jul 6, 2022 2:28am
Quoting Drolph
...But to put it with Hudis infallible logic: I am just incredibly "lucky"! {image}
Drolph, you are not lucky. You are still wasting your time, your most valuable asset. That's a sad thing to do.

Anyway shovel seller. You earn money by lurking new sheeps into the abyss of retail forex trading till they lose their shirts. As shown in the past you have links to a shady algo trading program sellers and likely sell such programs yourself. You hunt on several retail forex discussion plattforms.... Quite possible you onboard customers to let the shitty programs run on shady brokers and get a cut. Many ways to earn with affiliate marketing to lure in new victims....and since you are still here after years....the probability of this being true get bigger as times goes by.

You "show" one out of 100 systems that is actually profitable over 2 years to have a basis to claim that is what you can achieve? Well, your customers should know about the the other 99 systems that went belly up in the meantime. Maybe you even photoshoped the whole thing.... you certainly wouldn't be the first doing so.

So please leave this thread. There are enough other places to spread your lies.
  • #555
  • Jul 7, 2022 1:12pm Jul 7, 2022 1:12pm
The market itself its a negative sum game, its pretty tough. I made the mistake of putting a lot of money in when I was just starting and lost most of it, did rookie mistakes and then covid hit and well things aren't what they were, but I have gotten better at trading and I'm profitable now, it required a lot of time and sadly I can't afford now to have the account balances that I had when I started, but I'm certain this will be possible in a medium future.

This business its all about the mindset and the approach, at least in my experience, if you really want this to happen, be consistent and try not to start using a lot of money.

If you are not making money and this is just not your thing, its ok, you are also free to quit, but there are others out seeking their paths in the financial markets and getting there.

Both choices are valid as far as I'm concern.
  • #556
  • Edited 12:59am Jul 18, 2022 12:44am | Edited 12:59am
It's fkn incredible how people still come over to show off some grid-martie-alogos kind of stuff (in progress only, failing to include the black swan event real possibility for the long run) as an argument that the Forex market randomeness can be actually beaten. I mean people playing the FX game for years !!
Are they trying to be subtle funny, are they just stupid kids... or maybe just common morons ?!? Funny, anyways

They use to call themselves lucky ...but they all end up like ...below
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  • #557
  • Sep 1, 2022 12:45am Sep 1, 2022 12:45am
ESMA, SEC, BAFIN, SNB, ECB, FED, etc.... wake up!

Crypto regulation required - Now

 

  1. Cryptos waste tremendous amounts of energy for 95% purely speculative purposes.
  2. The energy consumtpion is estimated in 2022 at about 150 terra Watt hours, that's 150'000'000'000'000 kwh, which is the energy consumtion of Argentina with a population of 45 Mio people.... Any questions? It's insane.
  3. This waste contributes to the explosion of energy prices around the world... it doesn't matter if renewable energy is wasted. Wasted is wasted.
  4. The public pays higher prices for electricity because of crypto miners.
  5. Energy bills literally explode. Businesses that have to buy the electricity on the open market pay in some cases 10 - 12 times more than 2 years ago, literally bringing them on the edge of going out of business. Privat energy bills soar all across Europe. 2 to 3 fold increases for the price per kwh are an average in a lot of regions.
  6. Even future prices far into 2024 - 2026 rised significantly, which means the price increases are not a short term issue
  7. Why do we talk about a climate crises and let such an obvious climate desaster continue to wreck havoc? Only one reason - greed and money.

Before one business that provides real services and real products goes out of business because of too high energy prices, all crypto operations in Europe should be shut down immediately. There is no justification to keep the going.

The average crypto owner is already deep in the negative. It will become much worse..... they lose close to everthing, as soon as the public finally wakes up to this global scam of countless inflating crypto currencies that have an inner value of zero or very close to zero.

Beside this problem.... the way the european energy trading plattform works high prices for consumers and businesses are a sure thing in the current environment.

The most expensive bid needed to cover the energy needs is setting the price for all bidders, no matter if the offered half that price.

As soon as the energy and finance industry, especially hedgefunds and speculators found out they can game this price setting mechanism, they certainly did and we see the results.

  • #558
  • Sep 10, 2022 8:55am Sep 10, 2022 8:55am
Crypto regulation:

Maybe they finally get it....stop that incredible waste of energy for almost nothing more than a speculative purpose to fleeze the dummies.

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File Type: pdf 09-2022-Crypto-Assets-and-Climate-Report.pdf   1.1 MB | 522 downloads

BTC will finally die by regulation, not because they run out of suckers.... same game as retail forex.

The fraudsters pockets are filled well enough to keep that machine of massive fleezing running till the damage caused to the general public and the envoirement are just impossible to neglect and regulation finally kicks in.
  • #559
  • Nov 8, 2022 1:24pm Nov 8, 2022 1:24pm
Crypto implosion on it's way.....

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FTX from Friedman is going belly up..... and Binance tries to pick up the pennies in front of a steam roller.

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The whole market cap just evaporated like thin air...... because cryptos are thin air.

For those politicans attending COP in Egypt:
You know how to save about 120 - 150 Terrawatthours of electricity in a year without impacting 1 single real business?

In a time where blackouts and extrem energy prices are a serious problem for businesses and privat households worldwide, it's time to shut down the crypto scam through taff global regulation. The crap is imploding anyway one day causing immense damage on the public.

Retail forex trading is a negative sum game for losers.
Crypto trading is a negative sum game ^2 for ultimate losers.
  • #560
  • Nov 8, 2022 1:43pm Nov 8, 2022 1:43pm
Quoting HudithePfupf
Crypto implosion on it's way..... {image} FTX from Friedman is going belly up..... and Binance tries to pick up the pennies in front of a steam roller. {image} The whole market cap just evaporated like thin air...... because cryptos are thin air. For those politicans attending COP in Egypt: You know how to save about 120 - 150 Terrawatthours of electricity in a year without impacting 1 single real business? In a time where blackouts and extrem energy prices are a serious problem for businesses and privat households worldwide, it's time to shut down...
just put solar panels or wind turbine and earn good money

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When the winds of change blow, some people build walls and others build windmills. – Chinese proverb
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