General Anyone follow cryptocurrencies (bit coin, ethereum, etc.) ?

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Rambo John J

Made A Billy Goat Puke
First 100
Jan 17, 2015
52,037
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What’s the latest on this? Is there anything worth investing in right now?

I’m going to make a Silver Thread and show you how to madafuckin buy/sell and get to da mooooon!!!!
no idea
I have some gold coins

no silver..no crypto
 

redneck

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Jan 18, 2015
967
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Bitcoin has gone from 9k in September to 24k in December.

Ethereum went from $200 to $600.

Clearly the news of Beijing Biden stealing the Presidency, has made people realize the value of Crypto.

Glad I moved all my shit coins into Bitcoin back in June.
 

redneck

First 100
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Jan 18, 2015
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Clearly not many people here into crypto compared to stocks. Gonna bump this thread again anyway.

I'm watching Bitcoin rise again now. It went from 24k down to 22k and now its at 23.6K as I type this.

Not sure what it's going to do, I sort of want to sell if it reaches 24k again, and wait for it to drop to 22k and buy back.
 

Hauler

When your gratitudes exceed your expectations...
Feb 3, 2016
30,927
42,247
I'm watching Bitcoin rise again now. It went from 24k down to 22k and now its at 23.6K as I type this.
What is the movement based on?
What drives the market up or down?
Does it only have value because people want it to have value?

I honestly understand none of it. It feels like smoke and mirrors, which doesn't make it too much different from the American dollar I guess.
 

Hauler

When your gratitudes exceed your expectations...
Feb 3, 2016
30,927
42,247
2 days later...ETH going well. Will break $190 soon. I'll back out there for the short term and pick it back up during a volatile drop.
People will get hyped and scared at the round 200 or it'll make a big run before a correction. Gonna go all over the place.


Down a bit from your $171, but a solid pre-market number this morning...

20201223_092753.jpg

:)
 

Splinty

Shake 'em off
Admin
Dec 31, 2014
38,149
78,698
Down a bit from your $171, but a solid pre-market number this morning...

View attachment 23427

:)

I had to get out of crypto.
I think there are some corporate moves that will keep the big players increasing in the long term. Bitcoin has a pretty defined rhythm of losing around 1/3 and then gaining 2 to 3 times amount.

But at this point the wild West deregulation leads to way too much instability where the profit is mostly in the smaller coins that attract the largest number of buyers.

I do not have the personality for day trading. That is something that I learned. I turned a few thousand dollars into about 20 times that inside of 6 months or so.
I would have trading platforms open all the time. I would see which countries had the trading volume since markets don't close and you could then time those countries. I would follow consultants and investors that would let you use smart contracts to follow their purchases.
I bought into the IPO equivalent for coins.
Lots of money made.
I could have easily played with a lot more money but I'm glad I didn't. I might have not been able to walk away before the crash.

I was FOMOing really hard. One win after another after another after another. It makes you feel like you're always leaving money on the table if you're not involved in it. So then you're always involved in it.

I've never had a gambling problem. I like casinos but I don't bring money that I have not prepared to lose. This was a similar case. But more than that I understand the allure and how people get caught up in the excitement and gambling aspect of it. especially in a hot market where you can't make bad moves.
 

Hauler

When your gratitudes exceed your expectations...
Feb 3, 2016
30,927
42,247
I had to get out of crypto.
I think there are some corporate moves that will keep the big players increasing in the long term. Bitcoin has a pretty defined rhythm of losing around 1/3 and then gaining 2 to 3 times amount.

But at this point the wild West deregulation leads to way too much instability where the profit is mostly in the smaller coins that attract the largest number of buyers.

I do not have the personality for day trading. That is something that I learned. I turned a few thousand dollars into about 20 times that inside of 6 months or so.
I would have trading platforms open all the time. I would see which countries had the trading volume since markets don't close and you could then time those countries. I would follow consultants and investors that would let you use smart contracts to follow their purchases.
I bought into the IPO equivalent for coins.
Lots of money made.
I could have easily played with a lot more money but I'm glad I didn't. I might have not been able to walk away before the crash.

I was FOMOing really hard. One win after another after another after another. It makes you feel like you're always leaving money on the table if you're not involved in it. So then you're always involved in it.

I've never had a gambling problem. I like casinos but I don't bring money that I have not prepared to lose. This was a similar case. But more than that I understand the allure and how people get caught up in the excitement and gambling aspect of it. especially in a hot market where you can't make bad moves.
Glad you made some nice jack.
FOMO is a real thing, and often it feels like it is the only thing driving the price.

I never touched any crypto.
 

redneck

First 100
First 100
Jan 18, 2015
967
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What is the movement based on?
What drives the market up or down?
Does it only have value because people want it to have value?

I honestly understand none of it. It feels like smoke and mirrors, which doesn't make it too much different from the American dollar I guess.


No clue, all I know is it's a lot more volatile than stocks, and much easier to buy and sell.
 

Willthiswork

I'd rather have 4 quarters than 100 pennies.
Aug 7, 2015
25,750
42,919
What is the movement based on?
What drives the market up or down?
Does it only have value because people want it to have value?

I honestly understand none of it. It feels like smoke and mirrors, which doesn't make it too much different from the American dollar I guess.
Magic.

Pure speculation from any legitimate player in the stock market makes it go nutty as we're seeing now.

It's worse than TSLA in that regard.
 

Rambo John J

Made A Billy Goat Puke
First 100
Jan 17, 2015
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Silver sucks. I stocked up on Silver around 10-15 years ago, and it's worth fuck-all more now than it was then.


I only keep it in case of a total economic collapse.
I bought most of mine in the mid teens

Had a bitcoin but gambled it and ended up with some cash...wish I still had that 1.2 bitcoin
 

redneck

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Jan 18, 2015
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I bought most of mine in the mid teens

Had a bitcoin but gambled it and ended up with some cash...wish I still had that 1.2 bitcoin

I bought most of mine between $12 & $18 but all these years later and it's only $25.


Not really huge gains.
 

Rambo John J

Made A Billy Goat Puke
First 100
Jan 17, 2015
52,037
55,552
I bought most of mine between $12 & $18 but all these years later and it's only $25.


Not really huge gains.
Certainly not huge gains

Silver hit 50 ish once and will go above that again...when that will occur exactly is unknown

PM market is full of manipulation and BS...use it as a time tested hedge but don't expect to become rich beyond wildest dreams from it
 

redneck

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Jan 18, 2015
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Certainly not huge gains

Silver hit 50 ish once and will go above that again...when that will occur exactly is unknown

PM market is full of manipulation and BS...use it as a time tested hedge but don't expect to become rich beyond wildest dreams from it


I think that it's wise to include precious metals in your portfolio. But they should be real metals and not something that you own on paper like gold commodities for example.

I have a safe that is full of silver bullion and some gold, and that is my insurance for when the apocalypse comes and we no longer have access to the internet. But in 2020 looking forward I really doubt that the day will come, the Globalists want us to be a part of the smart grid, so a blackout of all electrical is highly unlikely. That's why I'm trying to accumulate Bitcoin and Ethereum rather than stocks or commodities. if worse comes to worse then I have enough PMs to get by, but I really believe that Crypto is the digital precious metal.

As I type this I have topped up on Ethereum at $570 and Bitcoin at $23,100.00, both are likely to be worth 5 to 10 times that in the next few months.

It's really difficult to know for sure what the economy will do going forward, but I do think it's a very safe bet to invest in precious metals or good Crypto such as Bitcoin and Ethereum.
 

redneck

First 100
First 100
Jan 18, 2015
967
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I had to get out of crypto.
I think there are some corporate moves that will keep the big players increasing in the long term. Bitcoin has a pretty defined rhythm of losing around 1/3 and then gaining 2 to 3 times amount.

But at this point the wild West deregulation leads to way too much instability where the profit is mostly in the smaller coins that attract the largest number of buyers.

I do not have the personality for day trading. That is something that I learned. I turned a few thousand dollars into about 20 times that inside of 6 months or so.
I would have trading platforms open all the time. I would see which countries had the trading volume since markets don't close and you could then time those countries. I would follow consultants and investors that would let you use smart contracts to follow their purchases.
I bought into the IPO equivalent for coins.
Lots of money made.
I could have easily played with a lot more money but I'm glad I didn't. I might have not been able to walk away before the crash.

I was FOMOing really hard. One win after another after another after another. It makes you feel like you're always leaving money on the table if you're not involved in it. So then you're always involved in it.

I've never had a gambling problem. I like casinos but I don't bring money that I have not prepared to lose. This was a similar case. But more than that I understand the allure and how people get caught up in the excitement and gambling aspect of it. especially in a hot market where you can't make bad moves.

So you are completely out of it now?

I dropped out for a year or so when the market died, in hindsight I wish I had bought up then. But when I saw things stirring earlier this year I converted everything I had to BTC even if it was at a big loss (I bought NEO at $70-$160 and traded for BTC when NEO was at $15.00, just one example), but now I am very happy with my choice of getting whatever I could back from those shitcoins and putting it into BTC.

BTC was between 8.5k-10k when I converted everything. Now it's nearly 24k.

Ethereum is the sleeping giant though.
 

redneck

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Jan 18, 2015
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Damn, I have to bump this thread again? Cannot believe that nobody else here is talking about this.

BTC reached another ATH today of $29,500, it will most likely see $30,000 by tomorrow.

I am trying to build my humble stash by trading small amounts on the swings, but it's really difficult because the market continues to go up and the swings are hard to catch.

Bitcoin is easily the best investment of all. Better than stocks or gold and silver, or cash.

I have too much money in USDC now, and can't buy back in at the right price.

Fortunately I only trade what I can afford to lose on. My main holding of BTC, albeit not enough, is not up for sale.
 

redneck

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Jan 18, 2015
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Bitcoin reached $34,786 today and is currently at $34,513 as I write this. It was 25k on Christmas day and now it's almost 10k higher.

Imagine if you had gotten in on Christmas day.

FIAT money is crashing, Gold price is also increasing, get in while you still can.*


*I am not a financial advisor and any comments are purely the opinion of an non-expert.
 

Hauler

When your gratitudes exceed your expectations...
Feb 3, 2016
30,927
42,247
1609693277245.png

It's definitely been a money-maker for those that got in.

But with this vertical growth, I don't know how much longer it can continue. At some point it has to stop - whether that's a crash like the dot.coms or simply a plateau - who knows.

For those in it - I hope it continues for ya. I'll stay on the sidelines.
 

Hauler

When your gratitudes exceed your expectations...
Feb 3, 2016
30,927
42,247
What caused the massive crash of this crypto?
Reminder - I know nothing of how these work or what's driving their ups and downs.

1609694279995.png
 

redneck

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Jan 18, 2015
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View attachment 24069

It's definitely been a money-maker for those that got in.

But with this vertical growth, I don't know how much longer it can continue. At some point it has to stop - whether that's a crash like the dot.coms or simply a plateau - who knows.

For those in it - I hope it continues for ya. I'll stay on the sidelines.



Even if you got in at 30k, you'd have made a lot of profit.

Sure, it will probably reset and correct at some stage, maybe to low 20s or even high teens, but this bull run is not the same as in 2017.

In 2017 it was mostly retail investors all getting excited and pumping the price by buying up. In 2020/2021 it is major corporations that are trying to buy up as much BTC as possible. It is unlikely that we will ever see the huge dumps of 2017 again.


Now that BTC is pumping, Ethereum is suddenly moving as well. It sat around $600 for a few weeks, then it crept up to $700 then $800 over the past few days. And today it is nudging $1100.

Even if it is volatile and the price could drop, it's a great opportunity for people to make profits on the highs and lows.

I bought some Ethereum at $600 but I converted it to BTC at around $750, I figure that I'm best to focus on one coin only, and that has to be the king which is Bitcoin.
 

redneck

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Jan 18, 2015
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Bitcoin now at over $37,000 and Ethereum at $1,200.


How has the stock market performed in this same time period, or the Gold market?