Popular Post G Rex Posted May 13, 2022 Popular Post Share Posted May 13, 2022 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 3 Link to comment Share on other sites More sharing options...
Pmbkk Posted May 13, 2022 Share Posted May 13, 2022 (edited) Maybe wait for the day as these Supermen don't like crypto@night Edited May 13, 2022 by Pmbkk 1 1 Link to comment Share on other sites More sharing options...
Popular Post Excel Posted May 13, 2022 Popular Post Share Posted May 13, 2022 They are all sitting on the toilet now wondering will it ever stop 1 3 Link to comment Share on other sites More sharing options...
Popular Post KhunBENQ Posted May 13, 2022 Popular Post Share Posted May 13, 2022 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. 6 1 1 Link to comment Share on other sites More sharing options...
Popular Post richard_smith237 Posted May 13, 2022 Popular Post Share Posted May 13, 2022 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. 2 1 Link to comment Share on other sites More sharing options...
greg71 Posted May 13, 2022 Share Posted May 13, 2022 Made a very healthy 42% on both avax and ada this morning , life is good . 2 Link to comment Share on other sites More sharing options...
Popular Post vinci Posted May 13, 2022 Popular Post Share Posted May 13, 2022 (edited) 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. Edited May 13, 2022 by vinci 2 2 Link to comment Share on other sites More sharing options...
fdsa Posted May 13, 2022 Share Posted May 13, 2022 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" 1 Link to comment Share on other sites More sharing options...
The Hammer2021 Posted May 13, 2022 Share Posted May 13, 2022 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 1 Link to comment Share on other sites More sharing options...
OneMoreFarang Posted May 13, 2022 Share Posted May 13, 2022 Link to comment Share on other sites More sharing options...
The Hammer2021 Posted May 13, 2022 Share Posted May 13, 2022 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 2 1 Link to comment Share on other sites More sharing options...
bkk6060 Posted May 13, 2022 Share Posted May 13, 2022 (edited) 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. Edited May 13, 2022 by bkk6060 Link to comment Share on other sites More sharing options...
Popular Post warrima Posted May 13, 2022 Popular Post Share Posted May 13, 2022 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. 6 1 Link to comment Share on other sites More sharing options...
Popular Post gamb00ler Posted May 13, 2022 Popular Post Share Posted May 13, 2022 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. 4 Link to comment Share on other sites More sharing options...
The Hammer2021 Posted May 13, 2022 Share Posted May 13, 2022 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. 1 1 Link to comment Share on other sites More sharing options...
Popular Post Mac Mickmanus Posted May 13, 2022 Popular Post Share Posted May 13, 2022 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 2 1 3 Link to comment Share on other sites More sharing options...
gamb00ler Posted May 13, 2022 Share Posted May 13, 2022 (edited) 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. Edited May 13, 2022 by gamb00ler 1 Link to comment Share on other sites More sharing options...
Sparktrader Posted May 13, 2022 Share Posted May 13, 2022 Bitcoin up 15% on 24 hours. Link to comment Share on other sites More sharing options...
Sparktrader Posted May 13, 2022 Share Posted May 13, 2022 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. Link to comment Share on other sites More sharing options...
Iamfalang Posted May 13, 2022 Share Posted May 13, 2022 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!!!! Link to comment Share on other sites More sharing options...
Sparktrader Posted May 13, 2022 Share Posted May 13, 2022 Bought 3c Sold $60,000 Made $10bn Great story for grandkids! Then i woke up Link to comment Share on other sites More sharing options...
dingdongrb Posted May 13, 2022 Share Posted May 13, 2022 (edited) 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!!!! Edited May 13, 2022 by dingdongrb Link to comment Share on other sites More sharing options...
The Hammer2021 Posted May 13, 2022 Share Posted May 13, 2022 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! 1 1 Link to comment Share on other sites More sharing options...
BangkokReady Posted May 13, 2022 Share Posted May 13, 2022 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. 1 1 Link to comment Share on other sites More sharing options...
Excel Posted May 13, 2022 Share Posted May 13, 2022 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 Link to comment Share on other sites More sharing options...
The Hammer2021 Posted May 13, 2022 Share Posted May 13, 2022 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. Link to comment Share on other sites More sharing options...
The Hammer2021 Posted May 13, 2022 Share Posted May 13, 2022 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 Link to comment Share on other sites More sharing options...
Pmbkk Posted May 13, 2022 Share Posted May 13, 2022 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 1 Link to comment Share on other sites More sharing options...
warrima Posted May 14, 2022 Share Posted May 14, 2022 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. Link to comment Share on other sites More sharing options...
warrima Posted May 14, 2022 Share Posted May 14, 2022 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. 1 Link to comment Share on other sites More sharing options...
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