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[Finance] The cryptocurrency (Bitcoin etc) thread



Tom Hark Preston Park

Tom Hark Preston Park

Will Post For Cash
Jul 6, 2003
70,202
Tyrone Biggums said:
Kusama pumped.

2 weeks ago I got a bunch at $200 then added more up to the $300 mark.

Took out all profit at $535 two days ago.

Very profitable week!
Click to expand...

:clap2:

This is what ALL you crypto blowhards should be doing IMHO. Pumping and Dumping in a period not that much longer than that of a day trader. Longer you HODL, more chance of your bag going tits-up due to fraud, theft or 'hack'
 




Albion Dan

Albion Dan

Banned
Jul 8, 2003
11,125
Peckham
Tom Hark said:
:clap2:

This is what ALL you crypto blowhards should be doing IMHO. Pumping and Dumping in a period not that much longer than that of a day trader. Longer you HODL, more chance of your bag going tits-up due to fraud, theft or 'hack'
Click to expand...

Depends on the asset. Totally right for most alt coins. Long term holding very high risk. Bitcoin not so much and youd have probably ended up much better off if you held as over long term will still increase.
 


DJ NOBO

DJ NOBO

Well-known member
Jul 18, 2004
6,338
Wiltshire
giveusfalmerplease said:
Hopefully you guys didn't jump on Wrx! Down 50% from it's high which was near to where I bought it!!!!
Click to expand...

We need to do a poll on shittest NSC Crypto trader.
You talk big, giveusfalmerplease, but I still reckon I’ve got your number.
 


Tyrone Biggums

Tyrone Biggums

Well-known member
Jun 25, 2006
13,498
Geelong, Australia
Tom Hark said:
:clap2:

This is what ALL you crypto blowhards should be doing IMHO. Pumping and Dumping in a period not that much longer than that of a day trader. Longer you HODL, more chance of your bag going tits-up due to fraud, theft or 'hack'
Click to expand...

If you store your crypto like I do with much of mine on a hardware wallet the chance of fraud, theft or hack is next to none.

You're more likely to have your bankcard stolen and cleaned out.
 


Tyrone Biggums

Tyrone Biggums

Well-known member
Jun 25, 2006
13,498
Geelong, Australia
warmleyseagull said:
Agreed - which is why it is not a good idea IMO to go chasing it, because even if you are one of the cognoscenti elite you are bound up with a lot of people who know rock all.

Don't get me wrong - if folk want to buy crytpos, that's their right. If it were less volatile, less energy using, and there were some kind of metric to understand whether price should be $1 or $80,000 then I would be a buyer; I have always been a big holder of gold due to its counter cyclical nature. At some small level if might even be fun to gamble a bit. But lets have some reality as to the fundamentals; the launch of dogecoin as a joke that is now worth $70bn sort of says it all.
Click to expand...

Gold uses up far more energy than bitcoin if energy use is a concern.

Here's a video on a crypto projects fundamentals.

Interested to know what you think.

https://www.youtube.com/watch?v=4-o18tHLwm4
 




G

giveusfalmerplease

Well-known member
Sep 21, 2006
1,988
Not quite a million miles from Brighton
DJ NOBO said:
We need to do a poll on shittest NSC Crypto trader.
You talk big, giveusfalmerplease, but I still reckon I’ve got your number.
Click to expand...

WTF..yes I probably would win, definitely aFOMO investor. 25% down in my first 6 weeks and half that due to panic selling. There self flagilation complete so you don't need to keep being an arse
 


DJ NOBO

DJ NOBO

Well-known member
Jul 18, 2004
6,338
Wiltshire
giveusfalmerplease said:
WTF..yes I probably would win, definitely aFOMO investor. 25% down in my first 6 weeks and half that due to panic selling. There self flagilation complete so you don't need to keep being an arse
Click to expand...

Just meant as a bit of gallows humour my friend . Fwiw, I 100% feel your pain.
 
Last edited:


beorhthelm

beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
35,311
to rub salt in the wound, Hex is going up. :moo:
 








highflyer

highflyer

Well-known member
Jan 21, 2016
2,435
KeegansHairPiece said:
Ronnie is doing an Elon on share prices! $4 Bn wiped off coke in this stunt! :lolol:

[tweet]1404726298237411331[/tweet]
Click to expand...

As a footballer Ronaldo is undisputably one of the all time greats.

I've never been quite sure what to make of him as a person.

But this makes me like him. A lot.

Class.
 






Moshe Gariani

Moshe Gariani

Well-known member
Mar 10, 2005
12,090
Tyrone Biggums said:
Kusama pumped.

2 weeks ago I got a bunch at $200 then added more up to the $300 mark.

Took out all profit at $535 two days ago.

Very profitable week!
Click to expand...
Top boasting. Will you be quickly on here to tell us if/when you lose a lot of money on a risky financial deal?
 


Tyrone Biggums

Tyrone Biggums

Well-known member
Jun 25, 2006
13,498
Geelong, Australia
Moshe Gariani said:
Top boasting. Will you be quickly on here to tell us if/when you lose a lot of money on a risky financial deal?
Click to expand...

Gave you the heads up weeks ago before the pump.

27-05-2021, 19:34 - Page 103 #1025

I'm taking out profits but it's been going straight back into the coins when the dips have occurred.

I've turned 5 KSM coins into 15 simply by taking the profit and reinvesting back on the downturn.

Patience and not being too greedy is a big advantage.

Agree, there's plenty of opportunity to build a nice nest egg for later in life IF done sensibly.
Click to expand...
 




KeegansHairPiece

KeegansHairPiece

New member
Jan 28, 2016
1,829
The lowest my holdings have been (modest) for 5 weeks. XRP, ATOM, ADA, ETH, BTC, BNB all taking a hammering. I've got nothing green atm. ???

Always planned just to dip my toe in and keep hold for a good while. So no panic. Wondering whether to trade some of the smaller coins into the bigger ones though?
 














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