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Thread: RIP Bitcoin

  1. #8601
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    Quote Originally Posted by AntRobertson View Post
    That being said... what do I buy?
    Im sure Eddie has added another couple of Ferrari to his Mattel collection

  2. #8602
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    When normies start asking...

    Quote Originally Posted by AntRobertson View Post
    what do I buy?

    That's a good sign the top of the market is nearly in.

  3. #8603
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    Fuck...



    ...do I at least get some sort of commission then??

  4. #8604
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    Quote Originally Posted by Edmond View Post
    If Musky continues to make it do 400% a week, I'm all for it.
    Someone will be paying for that and it isn't Elon Musk.

  5. #8605
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    I don't think anybody other than drug dealers and terrorists actually use them to buy things.

    That might change in the future when they're not so volatile. People buy them because they can increase 400% in a week.

    I have long-term HOLDems which have done very, very nicely. Thanks to the last year, up around 500%

    A few play portfolios that I sometimes use to play around on, but have generally stopped playing with them because I'm a bit shit at it. So just kinda sit and watch them lately, with the odd shifting of X amount of Y into Z, then back to Y or into Q.



    Quote Originally Posted by AntRobertson View Post
    what do I buy?
    A play portfolio I have has a few mains:

    BTC, BCH, ETH, LTC, DOGE (has crept up in this portfolio.)

    A few minors:

    XRP, XLM.

    And a handful of minis that have the potential (for different reasons) to explode over the next 3-5 years, and the equal potential to fade to black.





    This play (aimed at 1-3 years) is up around 20% in 2-3 weeks.


    Some people play far and wide, some focus with everything in 1, 2 or 3.

  6. #8606
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    Quote Originally Posted by Edmond View Post
    Some people play far and wide
    Quote Originally Posted by Edmond View Post
    BCH
    19%

    Quote Originally Posted by Edmond View Post
    XLM
    10%

    Quote Originally Posted by Edmond View Post
    XRP
    7%

    Quote Originally Posted by Edmond View Post
    DOGE
    25%

    Which is why, for playing around, I spread it out a bit instead of just putting it on one or two. Today is around +12%, tomorrow could be -30%. It's fun and pays for the odd bottle of Gold Label and toy Ferrari from time to time.

  7. #8607
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    The minies and minors.

    ADA 11%
    OMG 8%
    XRP 14%
    BSV 17%
    XLM 18%
    POW 6%


    Will dip again soon, as always, but it's why I like to spread farther than just the main ones in non-HOLD portfolios.

  8. #8608
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  9. #8609
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    OMG.




    OMG: +44% for 24 hrs.

  10. #8610
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    my best performer - banano - paid nil (had 30K of them airdropped - and another airdrop on the way) - now a bit over 6cents each (oz money) . A little bit of beer money.

    But I'll keep them - maybe Elon will tweet em and they'll do a doge.

  11. #8611
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    BTC dominance has dropped from 70-something percent to %45.

    Alt season already kicking off. In Lulu style there's a bloke on YooToob I don't know, drawing lines that don't make sense, on charts I don't understand, pointing out that BTC & ETH's repeated attempts to break ATH means they are done for now. Time for the Alts to take turns in pumping? It's playing out that way atm.

    RIP Bitcoin-ab2ld1o_460s-jpg
    Dear Anti-vaxers: Enjoy your free trial.

  12. #8612
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    I wish I understood how to value any of these Crypto's. Unfortunately I don't. I am shocked by the way they have taken off and accept that mainstream investment banks are now advising clients to hold a portion of their portfolio in Crypto. They are recommending it as a hedge, not as a secure store of value.

    I cannot reconcile in my head how 1btc can be the same value as 1kg of gold bullion.

    Edmund seems to have a handle on when to get in and out and good luck to him, however that is not investing, it is trading or gambling at best.

    Advice I have always followed is - never invest in something you do not fully understand.

    We cannot get all rich sitting on our ass trading Cryptos - Even Musk states that "if we don't make stuff - there is no stuff"

    I can't predict if and when the crash will come , however I am waiting on Backspin to recommend Cryptos, at that stage I will know the end is nigh.

  13. #8613
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    Quote Originally Posted by Iceman123 View Post
    mainstream investment banks are now advising clients to hold a portion of their portfolio in Crypto. They are recommending it as a hedge, not as a secure store of value.
    A recent term I've come across: FOF, fear of fiat. Given the amount of work the money printers have been doing recently crypto has become a dangerous hedge of sorts. Add FOF with FOMO and you get crypto.




    Quote Originally Posted by Iceman123 View Post
    Advice I have always followed is - never invest in something you do not fully understand.
    I've been recently learning up about DeFi, Decentralised Finance. Smart contracts like ETH are just the start. Soon decentralised banks/derivatives/real estate will be a thing. It involves oracles, and staking pools, and voting mechanisms. I don't think I will ever be smart enough to understand it all. But I will follow the advice that you don't have to be the smartest person in the room, you just have to get yourself into the room where the smart people are and follow them. In the tech field investing in things you don't understand is prolly a given. I reckon brother Elon doesn't know shit about the tech he is driving forward but that doesn't stop him making some bucks along the way.

    Quote Originally Posted by Iceman123 View Post
    I can't predict if and when the crash will come , however I am waiting on Backspin to recommend Cryptos, at that stage I will know the end is nigh.
    Funny, I joked about that when Ant popped up in this thread again. It brought to mind the old saying about being fearful when others are greedy, and being greedy when others are fearful. Myself, looking at our forum personalities I was thinking when the likes of OhOh and Aging Vadge announce they are getting into crypto, that would be a big sell signal. On the flip side when BackSimp declares crypto is dead, that would be my buy signal.

  14. #8614
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    Quote Originally Posted by Iceman123 View Post
    I can't predict if and when the (next) crash will come
    There will be a few, probably a big one this year that will wipe 50% off the value.

    Not an issue if you're holding for the next 3-5 years.

  15. #8615
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    Quote Originally Posted by Edmond View Post



    This mix is up around 33% in 3 weeks.

    It may well be in the minus at the end of the year.

  16. #8616
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    Quote Originally Posted by Edmond View Post
    Not an issue if you're holding for the next... years.
    This the way.

    Hold - but be prepared for high highs and demoralising lows

  17. #8617
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    Quote Originally Posted by Plan B View Post
    I've been recently learning up about DeFi, Decentralised Finance. Smart contracts like ETH are just the start. Soon decentralised banks/derivatives/real estate will be a thing. It involves oracles, and staking pools, and voting mechanisms.
    I must admit to being a dinosaur when it come to Crypto. Good on you for studying what to me is a mystifying market.

  18. #8618
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    Quote Originally Posted by Ukan Kizmiaz View Post
    be prepared for high highs and demoralising lows
    The class of 2017 are well educated in this.


    Still makes me giggle when I look back and see that Dill poster sold out on a loss and left a fiver in the game around 1600% growth ago.

  19. #8619
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    Quote Originally Posted by Edmond View Post
    There will be a few, probably a big one this year that will wipe 50% off the value.

    Not an issue if you're holding for the next 3-5 years.
    wot he said. u dont have to know fuck all ref investing, once a crash is known, in progress, then u buy, wots to know, its all over the news. if u really think u ever get to forecast correctly, u'r kidding ur self. i get tips daily, on trading days, and they are as right as they are wrong 50/50, so i sit back with cash , like a spider, wait for a dip/crash, then buy when i think its bottomed , but that is all lucky guess work, ... i know fuck all about trading or how it all works, neither do the peeps that claim to.. its all about ego, i can piss further than u. 100 % B/S. the likes a buffet get insider info. simples. this opinion, has been honed over 30 yrs

  20. #8620
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    Quote Originally Posted by Iceman123 View Post
    I must admit to being a dinosaur when it come to Crypto. Good on you for studying what to me is a mystifying market.
    so wot do u see as diff from stock to crypto my dog knows as much as i do ref both, and i live entirely on my winnings, and i emphasis, i know fuck all about it, an idiot knows when theres a crash. i very rarely/never sell cos every one else is, so as eddy said, hold, if u cant afford to hold then u shouldn't be in. all the so called experts claim u should never hold long term. i beg to differ, but as stated i know fuck all about it all.

  21. #8621
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    ^
    Pretty much. I read up on the technology but the market is still a big ol' mindfuck. There's a Shiba Inu coin just gone %400+ in a few hours. It's a competing meme-coin to DOGE. What does it add to the market? I can only guess humour?

    Crypto market is just stonks market on steroids. Buy low, sell high. It's not difficult.

  22. #8622
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    Quote Originally Posted by lob View Post
    once a crash is known, in progress, then u buy... if u really think u ever get to forecast correctly, u'r kidding ur self.
    Yep - simple as that.

    Yet the tuplip stock and crypto markets show that most do the exact opposite.

    All them young doge investors may be about to learn this hard lesson...I might buy into if it really crashes but its gotta long way to go down yet...I don't know whether it has any purpose other than stupid kiddie memes and pump and dumps - but as lob says - forecasting/ research - "ain't nobody got time (or need) for that."

    Also like gamblers - crypto investors ( ) - you might hear about the gains () but you'll rarely hear about the losses

  23. #8623
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    Quote Originally Posted by lob View Post
    so wot do u see as diff from stock to crypto
    Are you serious with that question?


    Quote Originally Posted by lob View Post
    my dog knows as much as i do ref both, and i live entirely on my winnings, and i emphasis, i know fuck all about it,
    No argument from me there.

    Based upon your posts and successful "investing," your reading of the markets, bottoms, crashes etc I would have to presume that you are indeed a very wealthy man. The fact that you refer to your gains as winnings however leads me to believe that you are taking small gambling positions rather than building a long term investment portfolio based upon known fundamentals.

    Good luck, but I personally like to dig a lot deeper before making investing decisions, call me old fashioned but the coin flip technique is just not for me.

  24. #8624
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    ^ These fucking idiots only come alive when the markets are being pumped.

  25. #8625
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    ^ How's yer fiver doing?

    Must be around 100 quid by now.

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