For Crypto, StableCoin & NFT lovers, the last few months would have been unpleasant - to say the least! Possibly the floor is still some way off. 

I dabbled in Crypto for a short while last year - and managed to lose equity in a rising market - go figure!!

My relatively low risk Superannuation has taken a decent hit - it looks like uncertain times ahead.  A Global recession is a distinct possibility!

 

 

I have attached an interesting article - the author is obviously no fan of Cryptocurrencies!   It does seem to make sense though!

bitcoin crash_ The great crypto ‘ponzi scheme’ finally crashes.html

 

 

Maybe wait for the day as these Supermen don't like      crypto@night

They are all sitting on the toilet now wondering will it ever stop

Wish this mad bubble would burst with a loud bang and electric power used for meaningful purposes.

It's so hypocritical that the woke's never complain about the terrible waste but would cry about using to much power for cooking coffee.

Crypto seems like Apple.... 

People either accuse you of being a fanboy or a hater.... 

 

Why can’t people simply be ‘sitting on the fence’ and taking advantage where they can?

 

As a result of Crypto’s  (BitCoins) recent drop, I’ve just purchased some....  lets see where it is in 6 months. 

Made a very healthy 42% on both avax and ada this morning , life is good .

if you have extra money lying around and don't mind losing or being scam, it's time to buy, never know what will happen, just gamble for the fun of it.

1 hour ago, G Rex said:

I have attached an interesting article

please save webpages as PDF files instead of HTML. If your browser could not save as PDF directly - try to Print page  -> "Print to file"

46 minutes ago, KhunBENQ said:

Wish this mad bubble would burst with a loud bang and electric power used for meaningful purposes.

It's so hypocritical that the woke's never complain about the terrible waste but would cry about using to much power for cooking coffee.

Unfortunately  woke hypocrisy underpins a whole raft of issues in some cases creating  a case for racism, bigotry and injustice

 

36 minutes ago, vinci said:

if you have extra money lying around and don't mind losing or being scam, it's time to buy, never know what will happen, just gamble for the fun of it.

Gambling and investing are completely  different

A lot of people are probably long term investors and sitting on it.  Why talk about it when it is down?

I guess one could ask where are all the stock market fanboys?  Hiding out in the Metaverse until the end of the year I bet when and if the bear market is over.

I bought the crypto i have in mid 2017 when Bitcoin was 4k. This will be the second crash in my time. Not worried at all. I could sell today and still have done very well. Certainly wouldn't class myself as a fanboy - just another form of investment for me. 

3 hours ago, The Hammer2021 said:

Gambling and investing are completely  different

It depends....

 

Investors who don't know what they're doing are gambling.  Gamblers who know what they're doing are investing.

1 minute ago, gamb00ler said:

It depends....

 

Investors who don't know what they're doing are gambling.  Gamblers who know what they're doing are investing.

It's a question  of semantics and the role of chance.

Roulette is gambling - knowing what you are doing does not make it less of a gamble  or more  of an investment.

2 hours ago, warrima said:

I bought the crypto i have in mid 2017 when Bitcoin was 4k. This will be the second crash in my time. Not worried at all. I could sell today and still have done very well. Certainly wouldn't class myself as a fanboy - just another form of investment for me. 

Of course, goes without saying .

Everyone bought their Crypto and a price lower than it currently is .

Seems no one bought Crypto when the price was higher than it is now 

1 hour ago, The Hammer2021 said:

It's a question  of semantics and the role of chance.

Roulette is gambling - knowing what you are doing does not make it less of a gamble  or more  of an investment.

I'm afraid you know quite a bit less than you think about gambling.

 

Pretty much every action in this world has "side effects", often significant.  Professional gamblers (my career for 25 years) are usually well informed of those side effects and can maximize the beneficial effects.

  

I've not played a lot of roulette, but I have only played when I had an  edge (when incorporating the side effects).  Probably around 200K US$ in action, mostly on computer simulated roulette on slot type machines.  It was several years ago and I can no longer remember every detail but my edge was about 1/2% to 1% plus some unquantifiable benefits derived from convincing the casino I'm just a normal losing gambler.

Bitcoin up 15% on 24 hours.

1 hour ago, Mac Mickmanus said:

Of course, goes without saying .

Everyone bought their Crypto and a price lower than it currently is .

Seems no one bought Crypto when the price was higher than it is now 

It only matters if you sell. I bought it at a range of prices lower and higher.

 

26k to 30k in 24 hrs. 

 

Most people trade small. 

 

8 minutes ago, Sparktrader said:

Bitcoin up 15% on 24 hours.

from $1 to $1.15   

 

Oh wait, I'm from the future!!!  It's at 30,000 USD in your reality......OMG it's 30,000 higher than in my reality!!!!  

Bought 3c

Sold $60,000

Made $10bn

 

Great story for grandkids!

 

Then i woke up

18 minutes ago, Sparktrader said:

Bought 3c

Sold $60,000

Made $10bn

 

Great story for grandkids!

 

Then i woke up

I still kick myself. I read about Bitcoin in 'Money' magazine back in the mid/late 90s and was going to call my broker (before the days of Internet trading) to buy $100 USD worth but never got around doing it. It was 25 cents then.....  damn!!!!

4 hours ago, warrima said:

I bought the crypto i have in mid 2017 when Bitcoin was 4k. This will be the second crash in my time. Not worried at all. I could sell today and still have done very well. Certainly wouldn't class myself as a fanboy - just another form of investment for me. 

So you didn't sell it when it was  60k? Why not? Investments are supposed to reap rewards!

Pyramid schemes always come to an end when no one else will invest.  It sucks if you're the last person to buy and you take the biggest loss, but that's how these things work.

16 minutes ago, The Hammer2021 said:

So you didn't sell it when it was  60k? Why not? Investments are supposed to reap rewards!

Basically I suspect nothing but absolute greed prevented him selling it at 60k, most people are never satisfied and always want more. No different from investors losing out big time in this fiasco  I link below. At the time it sounded too good to be true - it was eventually, so crypto I suspect will go the same way. Of course making a few people very rich but the masses left with next to zilch. Greed is a basic human trait that has no boundaries.

https://en.wikipedia.org/wiki/Poseidon_bubble

1 hour ago, gamb00ler said:

I'm afraid you know quite a bit less than you think about gambling.

 

Pretty much every action in this world has "side effects", often significant.  Professional gamblers (my career for 25 years) are usually well informed of those side effects and can maximize the beneficial effects.

  

I've not played a lot of roulette, but I have only played when I had an  edge (when incorporating the side effects).  Probably around 200K US$ in action, mostly on computer simulated roulette on slot type machines.  It was several years ago and I can no longer remember every detail but my edge was about 1/2% to 1% plus some unquantifiable benefits derived from convincing the casino I'm just a normal losing gambler.

That has nothing  to do with investing in the stock market.

1 minute ago, Excel said:

Basically I suspect nothing but absolute greed prevented him selling it at 60k, most people are never satisfied and always want more. No different from investors losing out big time in this fiasco  I link below. At the time it sounded too good to be true - it was eventually, so crypto I suspect will go the same way. Of course making a few people very rich but the masses left with next to zilch. Greed is a basic human trait that has no boundaries.

https://en.wikipedia.org/wiki/Poseidon_bubble

We skim from the top  when we are ahead

7 hours ago, OneMoreFarang said:

 

 

At least she still has her computer  - a guy in the UK was willing to pay people millions for his which he threw out with his crypto password

 

 

Don't forget if your "broker" goes bankrupt they own your money - so say goodbye to those billions

 

 

14 hours ago, The Hammer2021 said:

So you didn't sell it when it was  60k? Why not? Investments are supposed to reap rewards!

I notice you like to make a lot of assumptions on your posts. Of course I took profits. I have long since pulled out my initial investment many times over. All cream now.

16 hours ago, Mac Mickmanus said:

Of course, goes without saying .

Everyone bought their Crypto and a price lower than it currently is .

Seems no one bought Crypto when the price was higher than it is now

Im sure many did. I'm just stating a fact i bought mine in 2017 - not sure why you feel the need to question it. I actually bought it for practical reasons when i had a largish some of money to move from Malaysia when i finished working there. MYR had to be transferred to USD to send out and i was losing a small fortune on x rates. So i bought Bitcoin instead and sent it that way FOC. When i withdrew my dollar amount i still had several BTC left over.