Popular Post Sparktrader Posted May 13, 2022 Popular Post Share Posted May 13, 2022 Most Bitcoin buyers got in along the way. Goes up say 5k to 65k crashes to 26k doom and gloom in the media. If you bought at 5k, 10k, 15k, 20k, 25, 30,35 your average is a gain. Its called averaging in. 4 1 Link to comment Share on other sites More sharing options...
Iamfalang Posted May 13, 2022 Share Posted May 13, 2022 7 minutes ago, Sparktrader said: If you bought at 5k, 10k, 15k, 20k, 25, 30,35 your average is a gain. Its called averaging in. maybe under your implied reasoning. But what if you bought only 1 Bitcoin at all levels and then 10000000000000 Bitcoins at 35,000? Then you are crying me a river.... crying me a river... cry me a river.... cry me a river.. hahahahhahahahaha 1 1 Link to comment Share on other sites More sharing options...
Sparktrader Posted May 13, 2022 Author Share Posted May 13, 2022 1 minute ago, Iamfalang said: maybe under your implied reasoning. But what if you bought only 1 Bitcoin at all levels and then 10000000000000 Bitcoins at 35,000? Then you are crying me a river.... crying me a river... cry me a river.... cry me a river.. hahahahhahahahaha Nobody cant afford that much abd they woyld be silly. With averaging in you buy same value or less. You dont buy more. $1000, $1000,1000 etc or $1000, 750, 500, 250, 250, 250 etc 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 The price only matters if you sell 1 2 3 Link to comment Share on other sites More sharing options...
Popular Post Sparktrader Posted May 13, 2022 Author Popular Post Share Posted May 13, 2022 Just now, Mac Mickmanus said: The price only matters if you sell Same with shares. Manage risk dont bet too much. 5 Link to comment Share on other sites More sharing options...
Airalee Posted May 13, 2022 Share Posted May 13, 2022 55% of Bitcoin “investors” started in the last year. https://time.com/nextadvisor/investing/cryptocurrency/things-to-know-for-new-crypto-investors/ https://www.coingecko.com/en/coins/bitcoin 1 1 Link to comment Share on other sites More sharing options...
Lemsta69 Posted May 13, 2022 Share Posted May 13, 2022 40 minutes ago, Iamfalang said: maybe under your implied reasoning. But what if you bought only 1 Bitcoin at all levels and then 10000000000000 Bitcoins at 35,000? Then you are crying me a river.... crying me a river... cry me a river.... cry me a river.. hahahahhahahahaha there will only ever be 20 million Bitcoin and of course not all of them will be available for trading at any one time. so not sure how you could acquire that many at $35K. Link to comment Share on other sites More sharing options...
Popular Post proton Posted May 13, 2022 Popular Post Share Posted May 13, 2022 Mugs game 4 1 1 Link to comment Share on other sites More sharing options...
Popular Post dj230 Posted May 13, 2022 Popular Post Share Posted May 13, 2022 Right cause if you bought Luna coin at the beginning you didn't....no wait...you still lost all your money Once the ponzi is over doesn't matter where you bought in at. 6 2 Link to comment Share on other sites More sharing options...
Dazinoz Posted May 13, 2022 Share Posted May 13, 2022 10 hours ago, Lemsta69 said: there will only ever be 20 million Bitcoin and of course not all of them will be available for trading at any one time. so not sure how you could acquire that many at $35K. Actually it wIll be 21 million and they are saying that it is estimated that between 3 to 4 million are "lost" and will never be recovered due to lost passwords, hard disks, etc. Link to comment Share on other sites More sharing options...
Excel Posted May 13, 2022 Share Posted May 13, 2022 4 minutes ago, Dazinoz said: Actually it wIll be 21 million and they are saying that it is estimated that between 3 to 4 million are "lost" and will never be recovered due to lost passwords, hard disks, etc. And the "Crypto King" is responsible for many of them getting "lost". Just a shame very many people were conned into investing in his scam. Google "Crypto King" and watch the documentary. Investment gullibility and greed in order to have something that is too good to be true are one of the same really. 1 Link to comment Share on other sites More sharing options...
Popular Post 1FinickyOne Posted May 13, 2022 Popular Post Share Posted May 13, 2022 look - who knew you could get rich just by making up your own currency - and the cool part is you don't need a printer or distribution system... it's imaginary 4 2 Link to comment Share on other sites More sharing options...
Popular Post Aussieroaming Posted May 14, 2022 Popular Post Share Posted May 14, 2022 Plenty of shares feeling the crunch as well, it isn't just crypto. My SET based shares are at about 50% of their original purchase value and my bitcoin is in a similar hole. Investment in shares and bitcoin comes with risks, but in my opinion now is a great time to buy in again and lower the iverall cost price of my investments. In the long term I think that the values will reverse. There is a lot of pent up economic growth waiting to flourish again. 6 1 Link to comment Share on other sites More sharing options...
Popular Post Lacessit Posted May 14, 2022 Popular Post Share Posted May 14, 2022 Silver is down, gold is holding. Still 10% ahead of my buying price. Silver is at a historically low ratio to gold, it will get in sync with an improvement in the economic outlook. When it comes to crypto, Dutch tulip bulbs spring to mind. 3 3 Link to comment Share on other sites More sharing options...
Popular Post GreasyFingers Posted May 14, 2022 Popular Post Share Posted May 14, 2022 23 minutes ago, Aussieroaming said: In the long term I think that the values will reverse. Keep thinking! 5 Link to comment Share on other sites More sharing options...
Popular Post scubascuba3 Posted May 14, 2022 Popular Post Share Posted May 14, 2022 1 hour ago, Dazinoz said: Actually it wIll be 21 million and they are saying that it is estimated that between 3 to 4 million are "lost" and will never be recovered due to lost passwords, hard disks, etc. Doesn't sound very secure if you can lose you're investment due to hard disk and lost password 3 1 Link to comment Share on other sites More sharing options...
Popular Post 4MyEgo Posted May 14, 2022 Popular Post Share Posted May 14, 2022 (edited) 12 hours ago, Sparktrader said: Most Bitcoin buyers got in along the way. Goes up say 5k to 65k crashes to 26k doom and gloom in the media. If you bought at 5k, 10k, 15k, 20k, 25, 30,35 your average is a gain. Its called averaging in. What about one forum member here who allegedly said he just bought 200k about a month or so back, what would be his averaging in be ? Come to think of it, he has gone awfully quite of late. Edited May 14, 2022 by 4MyEgo 3 5 Link to comment Share on other sites More sharing options...
Popular Post 4MyEgo Posted May 14, 2022 Popular Post Share Posted May 14, 2022 (edited) 11 hours ago, Sparktrader said: Same with shares. Manage risk dont bet too much. Um, with shares, I spread them into different sectors, and some with paying dividends, also I am not putting all of my eggs on one, e.g. Bitcoin and the volatility is much riskier than the stock market. Sure stocks go up and they go down, but the swings are nowhere near the rollercoaster Bitcoin gives out. Place your bets now, I hear their giving 70 to 1 at the moment, and there off and racing and, Bitcoin got out the gates early and while leading for most of the way, and with 750 mertes to go, Bitcoin is looking tired, wait here comes the rest of the field most of whom are proven long stayers, passing Bitcoin who ended up finishing last. Better luck next time punters as I'm sure the odds will be close to 90 to 1 soon enough. Edited May 14, 2022 by 4MyEgo 2 3 Link to comment Share on other sites More sharing options...
Popular Post 4MyEgo Posted May 14, 2022 Popular Post Share Posted May 14, 2022 (edited) 1 hour ago, Aussieroaming said: My SET based shares are at about 50% of their original purchase value and my bitcoin is in a similar hole. Your obviously buying the wrong shares, 50% would be like beginning pandemic days, these days shouldn't be more than 10% max. Agree they will be on the up allowing for the adjusting inflation, however 50%, ouch, that is going to take a while, just hope they are shares with good paying dividends. Edited May 14, 2022 by 4MyEgo 4 Link to comment Share on other sites More sharing options...
Popular Post nycjoe Posted May 14, 2022 Popular Post Share Posted May 14, 2022 There will always be people who want to make money for nothing and get sex for free, hence there are painted ponies on the merry go round and they go up and they go down. Just wait for the new batch of suckers. they will go for the brass ring. There is another analogy for the roller coaster but I digress. 2 3 Link to comment Share on other sites More sharing options...
Popular Post MadMuhammad Posted May 14, 2022 Popular Post Share Posted May 14, 2022 (edited) 23 minutes ago, 4MyEgo said: Um, with shares, I spread them into different sectors, and some with paying dividends, also I am not putting all of my eggs on one, e.g. Bitcoin and the volatility is much riskier than the stock market. Sure stocks go up and they go down, but the swings are nowhere near the rollercoaster Bitcoin gives out. Place your bets now, I hear their giving 70 to 1 at the moment, and there off and racing and, Bitcoin got out the gates early and while leading for most of the way, and with 750 mertes to go, Bitcoin is looking tired, wait here comes the rest of the field most of whom are proven long stayers, passing Bitcoin who ended up finishing last. Better luck next time punters as I'm sure the odds will be close to 90 to 1 soon enough. I’m a boring, long hold investor. Diversified across just about everything: health, commodities, tech (inc a few startups), health, telcos, staples, energy, managed funds and ETF’s. I limit most of my stock buys at max 2% total capital, very rarely any more than that. Moon shots even less. In past I’ve been one of the victims of short attacks (JCap on ASX:RFF/NEA), malicious FUD reports and straight up companies get found out for cooking the books (ASX:RFG). RFG went from a sector darling at $4.40 to around .05c today. I’ve haven’t been prudent enough to set stop losses in the past but my ‘losses’ over 5 years are around 10% of initial investment capital, but that has been far exceeded by my ‘wins’ I have, at a guess, 70% of my wealth in the market but I sleep well at night knowing I have de-risked as much as humanly possible Edited May 14, 2022 by MadMuhammad 6 Link to comment Share on other sites More sharing options...
Popular Post RafPinto Posted May 14, 2022 Popular Post Share Posted May 14, 2022 12 hours ago, Sparktrader said: Most Bitcoin buyers got in along the way. Goes up say 5k to 65k crashes to 26k doom and gloom in the media. If you bought at 5k, 10k, 15k, 20k, 25, 30,35 your average is a gain. Its called averaging in. And how many are averaging down? In at 65k and again at 55k because sooo cheap and in again at 50k, 45k, 40k, 35k, 30k Soon, it will hit 100k and 1 Million in a few years. 1 3 Link to comment Share on other sites More sharing options...
RafPinto Posted May 14, 2022 Share Posted May 14, 2022 12 hours ago, Mac Mickmanus said: The price only matters if you sell Size matters. The longer the better or was it the harder the better or.... wait, the cheaper the better. Confused now. 2 Link to comment Share on other sites More sharing options...
Popular Post MadMuhammad Posted May 14, 2022 Popular Post Share Posted May 14, 2022 2 minutes ago, nycjoe said: There will always be people who want to make money for nothing and get sex for free, hence there are painted ponies on the merry go round and they go up and they go down. Just wait for the new batch of suckers. they will go for the brass ring. There is another analogy for the roller coaster but I digress. You nailed it. The worst part is when someone who has never taken the time to understand finance gets lucky on a single buy, or even worse crypto, then starts strutting around like they’re the worlds smartest ‘investor’ giving advice to their friends and family, or starting a bloody YouTube channel I’m a total dummy when it comes to finance, stock markets, macro economics etc but I spend a large amount of my time trying to learn, de-risk and have the self control to not get sucked into the next big thing. It’s much harder than it sounds! Haha 8 1 Link to comment Share on other sites More sharing options...
Popular Post RafPinto Posted May 14, 2022 Popular Post Share Posted May 14, 2022 I bought virtual land 2 months ago. Up 50% Wait a minute, I just was dreaming about that. 1 3 Link to comment Share on other sites More sharing options...
RafPinto Posted May 14, 2022 Share Posted May 14, 2022 Look at Twitter now. Musk pushing the price up because he wants to take it over. Yesterday heavy down as now, he has to think about. It's like a religion. People buy and selling everything what he says. How is Dogecoin doing? 1 Link to comment Share on other sites More sharing options...
Popular Post MadMuhammad Posted May 14, 2022 Popular Post Share Posted May 14, 2022 2 minutes ago, RafPinto said: And how many are averaging down? In at 65k and again at 55k because sooo cheap and in again at 50k, 45k, 40k, 35k, 30k Soon, it will hit 100k and 1 Million in a few years. I had people berating me for not buying in at $30Kish early last year saying it’ll be $100-150K by Christmas, I’m missing out terribly. To the point it actually damaged one friendship. Best of luck to everyone, I genuinely hope it shoots the lights out for all, but I’ll just keep plodding along with boring old stocks 5 Link to comment Share on other sites More sharing options...
Dazinoz Posted May 14, 2022 Share Posted May 14, 2022 43 minutes ago, scubascuba3 said: Doesn't sound very secure if you can lose you're investment due to hard disk and lost password Actually its probably too secure. Very hard to hack from outside influence. If you are irresponsible and can't keep your own passwords or pass phrases which are used to recover wallets from crash hard drives and computers, etc, then thats your fault and nothing to do with security. 1 1 Link to comment Share on other sites More sharing options...
RafPinto Posted May 14, 2022 Share Posted May 14, 2022 The problem is just psychological. People sell their "well" performing shares because they are in profit with them. The losers, they keep, even average down as they are convinced it will go up. Selling at a loss and moving on is not easy. I speak from many years of experience. Now my investments are companies who grow and pay dividends. Sleeping much better. 2 Link to comment Share on other sites More sharing options...
MadMuhammad Posted May 14, 2022 Share Posted May 14, 2022 7 minutes ago, RafPinto said: Size matters. The longer the better or was it the harder the better or.... wait, the cheaper the better. Confused now. Put it in when it’s big, take it out when it’s small. Hopefully along the way you took a bit out and put some back in again and enjoyed the journey 1 1 Link to comment Share on other sites More sharing options...
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