2 minutes ago, ChaiyaTH said:

Well most people have no clue what the business model or details are, of any stock they hold, either.

But they dont rant and rave about it. Anti crypto folks are like Trump haters. Hating on tech they dont understand.

1 minute ago, Sparktrader said:

But they dont rant and rave about it. Anti crypto folks are like Trump haters. Hating on tech they dont understand.

Well fair enough but you would hear the same as soon you mention things like: forex trader, making 25% returns as a private trader etc. Only difference being crypto is new, young people go into that easier than stocks, as barriers are lower.

3 minutes ago, ChaiyaTH said:

Well fair enough but you would hear the same as soon you mention things like: forex trader, making 25% returns as a private trader etc. Only difference being crypto is new, young people go into that easier than stocks, as barriers are lower.

Means less risk. Losing $200 is nothing. Forex traders can lose $5 grand in a day.

10 minutes ago, Ameetsigamer177 said:

Bitcoin's plunge can lead to losses

Up today, no plunge. Led to profits.

I was a strong believer in BTC, but now lost the interest in it and have as good as zero BTC... To me it came, I used it, I had my profits and advantages of it. Now the disadvantages overweigh the use of it and I stopped with it. Sad but that's a fact of life. For me no more Bitcoin.

I always said it's going to sub 10K And maybe even the low hundreds. If it recovers, and when...

Well that will be interesting, because, clearly, it's not a store of value against fiat right now!

 

I'm not saying it may never go to the moon, but when I said it would likely ruin millions of sworn HODLers, on the way there, I was laughed at. 

 

Few imagined these lows, and now they're here, new lows are not the impossibility they seemed this time last year! 

 

Plenty people are now realising they can't NOT sell or they'll be ruined. 

What happens after that, who knows?

 

But the frenzy couldn't last.

Keeping holdings steady.   Not selling or buying.    Have already kept a particular 'don't touch' amount since the pre McAfee days just in case any of these crazy predictions come true (in which case a few btc won't make a big difference to my lifestyle).   Don't need (or want) a boat or Lambo.   Happy flying premium economy with J occasionally thrown in once in awhile.   

Crypto, like forex or stock trading, is just legalised gambling. Very popular in Thailand where most gambling eg casinos or sports betting is officially illegal.

 

if gambling is your thing, crypto is as good as anything to spend your money on.

17 hours ago, fdsa said:

nope, waiting for $5000

Let's be honest here. If you're waiting for 5k you won't be buying at 5k. The same like some jokers here say they bought at 12 bucks and at any point in time they didn't sell. Yeah right, that's why your final retirement destination is Thailand.

 

In any case it is becoming obvious Bitcoin price was tied to scams and ponzi. Be careful as even the FBI is coming after FTX. This casino is going to be highly regulated. It will become a lot more difficult to use Bitcoin for criminal activity hence the limited upside.

 

 

Double post

I know everyone has their own method on investing. But what I have been doing, is I have a certain amount of my monthly investment money goes to buying BTC and other crypto coins and keeping it for the long term. Then I have a $10,000 fund I use for Day Trading only. Just in a coupe of days I made a $2,225.32 profit from buying low and selling high off of BTC. I do this with BTC, ETH, ADA and SHIB and last month alone I brought in a little over $17,000. Basically, I make money by Day Trading and then use that profit to buy my long term buys. My long term goal is to build up all of my crypto coin holding for the "Big Crypto Run" that will happen in 2024 when BTC does it's halving. Plus I am 72 years old and I have nothing better to do. Better then going to bingo...

19 hours ago, In Full Agreement said:

 

Isn't that a possibility at any time it exists?

 

Yes, but you would not want to put more money into something, just waiting for the next dip. The Bitcoin train is long gone.

Better look in the crystal ball, and try to guess what the next one that is going to be virtually inflated by the rich and powerful. That´s what they call decentralized, so all that doesn´t understand will get fooled.

 

^ Just verify first....

20 hours ago, Sparktrader said:

No. Might go 10,000.

Might go much lower than that. 

Well, impossible to discuss BTC with people who doesn't know how it's built. Reading about it in newspapers doesn't tell you a thing, as most journalists don't understand it either..... 

Truth is that it's the best performing asset the last years.....

People races to buy when they read it's going up, and usually loose because they sell with loss....

Nobody believed in internet either, but 20+ years after, everybody has a phone in their pocket.. Technology always adapts.... When all the Billon$ companies put eggs in their BTC basket, does it make them stupid?

Hell, I don't even use my old bank, and haven't for years... Revolut user since their startup (and saved a lot....). Regular banks are expensive, slow, and old tech, can't even make a good app. 

So, I use a combo, Neo bank & Crypto... Sorry for the rant!

21 hours ago, Sparktrader said:

Bad deal upon inspection of finances. Nothing to do with crypto overall.

 

Your ignorance is incredible.

 

Honestly, will attacking other posters improve whatever it is you'd like improved?

 

 

 

 

53 minutes ago, Ro54 said:

Well, impossible to discuss BTC with people who doesn't know how it's built. Reading about it in newspapers doesn't tell you a thing, as most journalists don't understand it either..... 

Truth is that it's the best performing asset the last years.....

People races to buy when they read it's going up, and usually loose because they sell with loss....

Nobody believed in internet either, but 20+ years after, everybody has a phone in their pocket.. Technology always adapts.... When all the Billon$ companies put eggs in their BTC basket, does it make them stupid?

Hell, I don't even use my old bank, and haven't for years... Revolut user since their startup (and saved a lot....). Regular banks are expensive, slow, and old tech, can't even make a good app. 

So, I use a combo, Neo bank & Crypto... Sorry for the rant!

The problem is you still need to convert it to real money to pay for most things in life.

 

When crypto holders evaluate their investment wealth in crypto they always refer to how much USD they are worth.

 

Crypto is just hope to time the price to buy when it is low and hope it goes up, then they are happy.

 

Pity all the people who bought this stuff when the price was above 40000 USD, they are nursing a huge loss and if still holding and waiting.....hoping the price will go back up, whenever that will be.

 

Remember some months ago when it was up at 50 or 60000USD, they were predicting it would continue going up, what happened to that theory and research when the price collapsed.

 

It seems no one knows if it will go up or down and any amount of so called research will never predict that.

Between bitcoin and the SET I am down about 300k USD at the moment, so no I think I will limp along and hope that I might at least get back to parity at some point. Luckily I had a fair amount stashed away in fixed term, which while not earning anything was at least shielded from these losses and we also own our condo in BKK. However, I am still even considering going back to work for another contract to make back the losses again, just in case the losses are permanent. I'm under 60, so shouldn't be sitting idle anyway. Ahhh the dramas of life.

10 minutes ago, Aussieroaming said:

Between bitcoin and the SET I am down about 300k USD at the moment, so no I think I will limp along and hope that I might at least get back to parity at some point. Luckily I had a fair amount stashed away in fixed term, which while not earning anything was at least shielded from these losses and we also own our condo in BKK. However, I am still even considering going back to work for another contract to make back the losses again, just in case the losses are permanent. I'm under 60, so shouldn't be sitting idle anyway. Ahhh the dramas of life.

 

Neve forget the worst day of retirement trumps the best day at work.

 

 

On 11/10/2022 at 1:15 PM, Banana7 said:

On Thursday Nov. 10, FTX reports " FTX is currently unable to process withdrawals. We strongly advise against depositing".

 

BTC may not far behind FTX. Depositers beware!

 

Do some research!

 

 

Gave me a good chuckle, thanks

 

Seriously though: If you still don't understand the difference between FTX and BTC, then yes, you should definitely stay away from that.

1 hour ago, userabcd said:

The problem is you still need to convert it to real money to pay for most things in life.

 

When crypto holders evaluate their investment wealth in crypto they always refer to how much USD they are worth.

 

Crypto is just hope to time the price to buy when it is low and hope it goes up, then they are happy.

 

Pity all the people who bought this stuff when the price was above 40000 USD, they are nursing a huge loss and if still holding and waiting.....hoping the price will go back up, whenever that will be.

 

Remember some months ago when it was up at 50 or 60000USD, they were predicting it would continue going up, what happened to that theory and research when the price collapsed.

 

It seems no one knows if it will go up or down and any amount of so called research will never predict that.

Same as any share

1 hour ago, In Full Agreement said:

 

Honestly, will attacking other posters improve whatever it is you'd like improved?

 

 

 

 

These other posters attack people for buying btc. They say btc is a scam worth nothing. They pour poison into their own coffee, drink it and expect btc to be poisoned.

No. I already bought on the last dip. Which was at $50,000.

14 ema below 55 ema

Force Index bearish

 

No reason to buy yet

51 minutes ago, Sparktrader said:

Same as any share

But not at all a currency.

Just now, placeholder said:

On the one hand you tout that crypto has been adopted as a currency by some nations (tiny ones) and on the other hand you say it's the same as any share.

It's both. Depends where you live.

1 minute ago, Sparktrader said:

It's both. Depends where you live.

Nobody rational prices goods or services in something whose value fluctuates wildly. Just because a few benighted countries adopt it as a currency, that doesn't make it a real one.

Just now, placeholder said:

Nobody rational prices goods or services in something whose value fluctuates wildly. Just because a few benighted countries adopt it as a currency, that doesn't make it a real one.

Kip is a currency. Is it a real one?

On 11/10/2022 at 3:49 PM, Sparktrader said:

Cause 1 exchange goes bad? So if one bank collapses the dollar is worthless? Same thing.

 

Banks have collapsed before.

 

Never heard of Bearings? GFC?

 

 

Really? The same thing? So there's the equivalent of Federal Deposit Insurance for crypto? And you think the ration of banks that failed to those that don't is the same as the ratio of exchanges that have failed to those that haven't?