I just bought $200,000 of Bitcoin

[Pravda]

I'm a total crypto sceptic. Check my past posts. But for the love of god there is a double digit inflation worldwide and I just can't in good faith watch my savings evaporate. 

 

The hedge funds will be pumping this worthless crypto to the moon. Let's see if I'm right or wrong.

 

Good luck to me.

[Pravda]

That's 200k Canadian and I'm up 553 bucks.

[Don Chance]

Quote

I just can't in good faith watch my savings evaporate. 

Could evaporate much faster in crypto!

[DezLez]

Are you posting to boast you can afford to write off the money or to tell us about your mental health?

[Virt]

I would bring those $200.000 to Las Vegas and visit the poker tables instead.

 

That way you at least have a lot more action if you see your investment going down the drain,

and your odds are probably better if you know how to play poker ????

[SunnyinBangrak]

A very ballsy move, hope it pays off for you. As I did before I plan to make a large buy a few months before the halvening, so my next major buy will be Jan 2024.

 

[Don Chance]

With any investment there is a chance you could lose it all. With crypto it is a much higher chance. So i would not invest any money that i could not afford to lose. Crypto is purely speculation.

A 5% portfolio allocation is the max i would recommend in crypto. You want to have a diverse portfolio with a variety of asset classes to minimize you risk.

 

btw, Crypto is not a real currency. There is not much you can buy with it.

[Pravda]

1 minute ago, Don Chance said:

With any investment there is a chance you could lose it all.

 

 

It will never go to zero. Every average millionaire could swoop it up.

 

Entry point 55,600

 

 

[DezLez]

15 minutes ago, Pravda said:

That's 200k Canadian and I'm up 553 bucks.

You are only up when you actually realise your "assets" and make a profit if any!

[DezLez]

2 minutes ago, Pravda said:

It will never go to zero.

NEVER say never!

[Pravda]

11 minutes ago, DezLez said:

Are you posting to boast you can afford to write off the money or to tell us about your mental health?

 

Don't get too invested in this thread pls 

 

 

 

 

 

[DjChris28]

What He really means is 200k Baht ????

[Puccini]

21 minutes ago, Pravda said:

That's 200k Canadian and I'm up 553 bucks.

Was that within one minute, ie within the period between your two posts?

[DezLez]

22 minutes ago, Pravda said:

That's 200k Canadian and I'm up 553 bucks.

Isn't being up 553 bucks considered excessive or gross bestiality?

[DezLez]

9 minutes ago, Pravda said:

Don't get too invested in this thread pls 

Why?

Do you want to keep all the "spoils" to yourself?

[FritsSikkink]

26 minutes ago, Pravda said:

That's 200k Canadian and I'm up 553 bucks.

You are only up after you sell.

[FritsSikkink]

20 minutes ago, Don Chance said:

With any investment there is a chance you could lose it all. With crypto it is a much higher chance. So i would not invest any money that i could not afford to lose. Crypto is purely speculation.

A 5% portfolio allocation is the max i would recommend in crypto. You want to have a diverse portfolio with a variety of asset classes to minimize you risk.

 

btw, Crypto is not a real currency. There is not much you can buy with it.

You don't lose all your money when you buy land.

[Pravda]

15 minutes ago, DezLez said:

You are only up when you actually realise your "assets" and make a profit if any!

 

1 minute ago, FritsSikkink said:

You are only up after you sell.

 

Noted

[sirineou]

As far as I can tell , it is pyramid scheme dependent on the greater fool theory, 

Schemes like that work well until there is no greater fool and you are the greater fool. 

[SAFETY FIRST]

You're a bit late. 

 

November 2015 I bought more than twice as many coins for 124000 baht. 

 

 

 

 

[Puccini]

Would this topic not feel more at home in the Investment Forum?

https://aseannow.com/forum/13-jobs-economy-banking-business-investments/

 

I, for one, would love to read your updates with a graph of the closing price at the end of ever month. Will you do that for your readers?

 

[Puccini]

3 minutes ago, SAFETY FIRST said:

You're a bit late. 

 

November 2015 I bought more than twice as many coins for 124000 baht. 

 

 

 

 

Now, that would make for an interesting graph.

[Pravda]

2 minutes ago, Puccini said:

Would this topic not feel more at home in the Investment Forum?

https://aseannow.com/forum/13-jobs-economy-banking-business-investments/

 

I, for one, would love to read your updates with a graph of the closing price at the end of ever month. Will you do that for your readers?

 

 

To be honest I think I'll sell half at 56k. The buy is already at this price. Otherwise I may not sleep tonight 

 

 

 

 

 

 

 

 

[StayinThailand2much]

31 minutes ago, FritsSikkink said:

You are only up after you sell.

Experience tells me that I should only buy assets, held where I can visit in person, that have a liquid market, and that I can sell easily. Where is the office that holds your assets, and could you sell them 'right now', or, say, within the next 16 hours, if you wanted to?

[SAFETY FIRST]

1 minute ago, Pravda said:

To be honest I think I'll sell half at 56k. The buy is already at this price. Otherwise I may not sleep tonight

Ha ha, chicken 

 

I reckon you'll be OK 

[RichardColeman]

Lets hope Mr. crypto does not meet Mrs. Sick Buffalo !

[SAFETY FIRST]

9 minutes ago, SAFETY FIRST said:

You're a bit late. 

 

November 2015 I bought more than twice as many coins for 124000 baht. 

 

 

 

 

You're Canadian dollars 

I assumed USD 

 

So, I'm not double, I'm at x 3 for 124000 baht

[Puccini]

3 minutes ago, Pravda said:

To be honest I think I'll sell half at 56k. The buy is already at this price. Otherwise I may not sleep tonight 

 

I am not into cryptocurrencies myself, wouldn't have the nerves for it, but I sincerely wish you good fortune with this adventure.

[herfiehandbag]

6 minutes ago, Pravda said:

 

To be honest I think I'll sell half at 56k. The buy is already at this price. Otherwise I may not sleep tonight 

 

 

 

 

 

 

 

 

If I were you I would realise my 200000 as soon possible (like now) and then start to make my fortune with the profit.

 

But then I am:

useless with money,

would be scared witless of losing my money,

simply don't understand "bitcoin" or the concept of "crypto currency",

am a bear of very little brain!

[mistral53]

5 minutes ago, herfiehandbag said:

If I were you I would realise my 200000 as soon possible (like now) and then start to make my fortune with the profit.

 

But then I am:

useless with money,

would be scared witless of losing my money,

simply don't understand "bitcoin" or the concept of "crypto currency",

am a bear of very little brain!

I don't understand your comment - by your own admission, you don't understand cryptos, so why would you suggest anybody should listen to you?

 

In your defense - most people on these forums hand out advise on everything from medical, political, cars, sex etc, and they don't add the qualifier that they aren't experts in any of the fields they make wild claims on...lol