The Crypto Market is Collapsing

Interesting perspective, TYG! :blush: Definitely agree that crypto is not for everyone, but rather for those who are willing to gamble or have the means to. :open_mouth: With that said though, I think that although crypto is risky and unstable, so was every financial innovation when it first emerged. :thinking: Maybe it just needs a couple more decades? :sweat_smile:

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Sorry about that! :open_mouth: But I think it’s great that you’re also adapting better and still making profits on the coins you have. :blush:

Tbh, I can’t really tell if this is sarcastic or legit. :sweat_smile: But if it is, that’s a rough ride. :sweat: I’m sorry to hear about this. :frowning:

I have a GoFundMe now. Every dollar helps. :pray:

MSTR did a 10-1 split. Since now I have more than 100 shares, I was able to sell a covered call option for Sept 20th at 150 strike for $11.2, making some extra returns from that volatile week last week.

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Hi @ria_rose, I agree with you. Crypto needs time to get mature. The future is uncertain. Anything with no regulation can lead to anything. But as it’s an early thing, we can speculate to have benefit from it. Have to be aware to the risk. My involvement with crypto is limited to amount of money I dare to loss.

Just remember gold bullion in the past (2010). Remember what happened to Liberty Reserve? The same thing with Crypto, it has no substantial part in our economic activity. So price will fly up and down wildly :smiley:

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Hi, sorry to hear that, but what happened to risk management? I lost 98% of my DFK tokens back in 2022 but that was after they had done a 10X previous six months. So I did not feel too bad about that.

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10X wow, that’s crypto if you’re timing is right and you’re willing to take some risk.

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No risk, just buying. MSTR did a 10-1 stock split is why the price fell. Sold a CC against it.

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Ah, I did not understand this was the case. In this case congratulations. I didn’t think you were the sort of person to put all your eggs in one basket.

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Oh I’m still :100: in MSTR. Just doing some Wheeling strategy in this choppy market.

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Ethereum to the moon crypto will be bullish for 8 days from today 8 days left

:joy: GoFundMe link in bio. :sweat_smile: But kidding aside, I hope you get to make more profits this week! :smiley:

Definitely agree with this! :blush:

Hmm. :thinking: Let me look this up! :open_mouth:

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Articles say ETH might surpass $3,000 by the end of September 2024. :thinking:

Crypto crashing for 9 days from today

The bull is here, buy and hold

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It’s 24 days already

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Start the clock!

Wow, that really sucks.

What sucks