[Finance] The cryptocurrency (Bitcoin etc) thread

[crookie]

Bitcoin is a Ponzi. Scares the hell out of me. It's standing on the edge of a cliff and if someone decides to push it....

There's a certain class of crypto which has utility, which has a use case, and will be in demand. They've already been 'chosen' by the WEF, the BIS, and the IMF years ago.

Bitcoin is a distraction.

Save this post. In 5 years show it back to me. Buy me a pint if I'm right, or I'll buy you a pint if I'm wrong.....

That's the dilemma, only bought fairly recently, 2022, and not huge stakes. Pretty much doubled now. Might cash out the stakes and leave the profit in. Had written the investment off as soon as I made it anyway

 

[Knocky's Nose]

That's the dilemma, only bought fairly recently, 2022, and not huge stakes. Pretty much doubled now. Might cash out the stakes and leave the profit in. Had written the investment off as soon as I made it anyway

When the music stops there are only a few chairs left. These chairs have already been taken.

Holders will be stood there with their d*cks in their hands wondering what just happened....

(In my opinion, not financial advice, I know nothing, etc...)

 

[ClemFandango]

That's the dilemma, only bought fairly recently, 2022, and not huge stakes. Pretty much doubled now. Might cash out the stakes and leave the profit in. Had written the investment off as soon as I made it anyway

That’s what I did in 2016, took out the initial stake when I’d made enough profit and left the rest in ever since as a pain-free speculative punt

 

[Knocky's Nose]

That’s what I did in 2016, took out the initial stake when I’d made enough profit and left the rest in ever since as a pain-free speculative punt

There's a thing in crypto called "round-tripping"

Try and get out whilst it's considered at a 'high'. You'll know this time as the media will be going batshit telling you to buy it....

The media are owned by the institutions, and guess what... they don't care about you.

 

[Berty23]

That's the dilemma, only bought fairly recently, 2022, and not huge stakes. Pretty much doubled now. Might cash out the stakes and leave the profit in. Had written the investment off as soon as I made it anyway

I have done this. Take ack the initial stake plus a bit and you will have more than if just left in a bank and if it collapses you can accept it. Although I keep taking out profit so it will never make me loaded but a few free quid here and there.

 

[RandyWanger]

funny enough i closed XRP trade half hour ago after carrying for a week. the price went up well enough this morning, looks like ran out of stream. looking like priced in, sell the news now.

You did well to get out at that point. zooming out since when I got in, it's still massively up so I'm holding on.

 

[Knocky's Nose]

You did well to get out at that point. zooming out since when I got in, it's still massively up so I'm holding on.

People who bought Bitcoin at $500 and sold it all at $1500 were similarly elated.....

I'll say no more.