[Finance] The cryptocurrency (Bitcoin etc) thread

[Tom Hark Preston Park]

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!

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]

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'

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]

Hopefully you guys didn't jump on Wrx! Down 50% from it's high which was near to where I bought it!!!!

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]

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'

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]

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.

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

 

[giveusfalmerplease]

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

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]

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

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

 

[beorhthelm]

to rub salt in the wound, Hex is going up.

 

[KeegansHairPiece]

Ronnie is doing an Elon on share prices! $4 Bn wiped off coke in this stunt!

[tweet]1404726298237411331[/tweet]

 

[Change at Barnham]

Ronnie is doing an Elon on share prices! $4 Bn wiped off coke in this stunt!

But the share price had returned to the previous amount by the end of the day.

A welcome move by Ronaldo to remove Coca-Cola anyway.

 

[highflyer]

Ronnie is doing an Elon on share prices! $4 Bn wiped off coke in this stunt!

[tweet]1404726298237411331[/tweet]

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.

 

[Justice]

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

You need to sort out your risk management.

 

[Moshe Gariani]

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!

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]

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

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.

 

[KeegansHairPiece]

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?

 

[Neville's Breakfast]

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

That’s exactly how ‘top’ traders create their reputations. You never hear about the losing trades.

 

[KeegansHairPiece]

That’s exactly how ‘top’ traders create their reputations. You never hear about the losing trades.

You do on here!

 

[SeagullDubai]

You do on here!

I am far from a top trader. Hence no reputation to lose. I had hoped to earn enough profit to buy a new laptop. Have lost the equivalent of 3 devices.


Sent from my iPhone using Tapatalk

 

[KeegansHairPiece]

I am far from a top trader. Hence no reputation to lose. I had hoped to earn enough profit to buy a new laptop. Have lost the equivalent of 3 devices.

You know the market is in trouble when there is 4 days or so without a post on this thread...

 

[Tyrone Biggums]

You know the market is in trouble when there is 4 days or so without a post on this thread...

That's because it wasn't doing anything. Slow leak.