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1 hour ago, Peterw42 said:

How can you short bitcoin ? There is no CFD or futures market for bitcoin.

Short selling involves a contract for a future value, who is writing the contract

 

Binance and many other crypto exchanges offer the option to short many coins. 

On 1/23/2022 at 3:38 PM, userabcd said:

Pity those who bought in at 50 or 60000usd

Maybe they bought at 50K  and Sold at 60,000.  Nice 20% profit in a short time.  Maybe next they shorted at 60,000  and are making big profits now.  Maybe.  You never know, so no reason to assume the worst case outcome. 

3 hours ago, alextrat1966 said:

BS, I am yet to see any strategy at all which is successful in beating the market over a long period of time. 

 

Trading, no matter cryptos, stocks, options, is gambling + a good dose of luck. And it tends to happen that the more you know the less you make trading. 

 

No matter what you trade, if you do trade at all, never risk more than you can afford losing. That IS financial advise.

Good post.  I would agree with you.  Definitely better to be lucky than smart in investing/gambling.  People can act strange at times.  Some would never play a hand of blackjack for $25  but have no problem to let thousands sit in  various markets.  Most all markets are manipulated and insider trading/corruption is common place. 

38 minutes ago, Peterw42 said:

Its hardly a dip, its down 50% from November last year

Yes,  you're right.  A bit of a 'crash' but bitcoin has a history of 'crashing'  and recovering. 

Maybe a good time to cost average for people that bought BTC in the mid 60K's.  I am Not giving anyone advise to follow.  I am just sharing my opinions. 

2 minutes ago, GrandPapillon said:

99% of individual of investors have no clue about finance and investing, and I speak from experience

As long as they are getting "Lucky"  and making money does it really matter what they know or how sophisticated they are.  I am assuming that you are a sophisticated investor.  In my many years of investing,  I have always found that it is better, more profitable,  to be lucky than smart.  

2 minutes ago, GrandPapillon said:

like I said, go dig deeper than wiki.

 

https://archive.tulipsociety.co.uk/wakefield-tulips-in-18th-century/

Does it really matter what might have happened 200-300 years ago ???   I get it,  you don't like crypto. Good luck wherever you place your investment bets. 

6 minutes ago, GrandPapillon said:

The problem with crypto owners is that:

Your next 3 statements start with 'Most'.   Are  you referring to people that you know ?

"Most"  is way too generalized to even comment on.  Have a nice day.

5 minutes ago, GrandPapillon said:

Tulips were in late 18th century, and we have extensive info and records on what happened, you need to dig deeper than wiki to get the wisdom out of these events.

Tulip mania (Dutch: tulpenmanie) was a period during the Dutch Golden Age when contract prices for some bulbs of the recently introduced and fashionable tulip reached extraordinarily high levels, with the major acceleration starting in 1634 and then dramatically collapsing in February 1637.

2 minutes ago, GrandPapillon said:

if buying a Tulip for 400,000 EUR is not losing money, when you could buy it after for 20 EUR, I am not sure you understand the definition of losing money ????

 

no wonder you invest in cryptos and never "lose", with such wonderful denial

 

Tulips, it's hard to get accurate info on something that happened 300 years ago.  Most crypto holders in the past 10 years are in profit.  Only if you selectively pick out a small time frame can you show people that are down.  

4 minutes ago, GrandPapillon said:

just a temporary correction

You're probable right.  Usually the 'dips'  are a good chance to make money.  Some like to talk bad about crypto BUT most people that buy and hold for 1 year are way up in profit.  

29 minutes ago, Jingthing said:

Tulip bulbs.

I read a research paper that studied that complete 'tulip bulb bubble' story  and they found that they could NOT find anyone that actually lost any money.  The tulip market was Very small and only traded among 5-6 people and when the market price collapsed  those people just cancelled their pending trades. The media loves to talk about this supposedly great bubble and it's collapse BUT  there is no record of anyone actually losing money with the supposed collapse of the largest bubble in history.  More fake news put out by the mainstream bankers that are worried that crypto will cut into their profits.  From Wikipedia  "   Although prices had risen, money had not changed hands between buyers and sellers. Thus profits were never realized for sellers; unless sellers had made other purchases on credit in expectation of the profits, the collapse in prices did not cause anyone to lose money."^[60]

1 hour ago, aldriglikvid said:

I'm already on Valtrex

I'm guessing that you are on a lower dose as to prevent outbreaks.  You might be having a outbreak now and will need to up the Valtrex dosage to 1200 mg  daily for 5 days until the area clears up substantially. The creams do not seem to work very well.  

This is a good thing, as they are Not talking about blocking or totally restricting crypto.  Sure, they want a piece of the action as does all countries. 

7 hours ago, Karma80 said:

Wait for it...Thailand...the hub of crypto....????

Yes,  always the Hub !!!    Hub of hubs.

Most of the recent hacks I have read about stated that No customers would lose any funds.  The hacked losses would either be paid out of the companies funds or from the insurance that many exchanges now carry.  If you stay with the big/major exchanges you should be OK.  Smart people don't keep large amounts of money sitting on exchanges anyway. 

Buy the dip ??   History has shown that BTC  always seems to recover and make new highs.  Who knows ??

6 hours ago, Heng said:

So many red candles.   Losin' some money...  losin' lotsa money...????

Not really.  Your only temporarily down at todays current price if you bought Bitcoin over 60K and you foolishly sell today. 

Mad TV   has 13 seasons...many episodes.

1 hour ago, jvs said:

There is a SNL page on You tube,did you check there?

 

Thanks for the info.  I will look at some of these clips.  It should give me a few good laughs. Thanks again.

44 minutes ago, Bruno123 said:

Any particular episodes in mind?

I have seen the last 3 seasons.  I missed most of the past 10 years that I have been in Thailand.  I might even watch again some of the very old shows.

1 hour ago, jvs said:

There is a SNL page on You tube,did you check there?

 

Thanks.  Does YouTube show full episodes, or only selected clips ?

I want to watch some of the past years episodes of Saturday Night Live  and MadTV.  Is there somewhere in Thailand I can buy these ?  Thanks for any info.

My  'guess' is that soon Bitcoin and others will have a 20-30%  correction and BTC  will fall to 50K  or less... That should be a good time to  'buy-the-dip'... After this correction, BTC  will start a new run-up to 75K-90K..  Just my guess. Good Luck to all traders and Hodlers.

Pending and never ending SEC lawsuits are hurting then price action.

On 10/11/2021 at 11:03 AM, Heng said:

BTC creeping up on ATH territory again.   That was fast.  

This thread only gets busy when BTC  is going down.