Crypto Currency Thread (Vol.2)
Discussion
Ouroboros said:
I think it is funny xrp is 10 times less than it was 4 years ago, yet people still invest in it.
At least BTC isn't that bad.
How can something be 10 times less? Surely 1x something is the whole thing? So if it reduces by 1x it’s previous value it is then at zero, and more than one times less will mean it’s value has gone negative?At least BTC isn't that bad.
Ouroboros said:
tertius said:
How can something be 10 times less? Surely 1x something is the whole thing? So if it reduces by 1x it’s previous value it is then at zero, and more than one times less will mean it’s value has gone negative?
One tenth it was 4 years ago. Is that better?whatxd said:
It seems you don't believe me. Then again, with people like Kent Border Kenny posting pure fantasies over the years I probably don't blame you.
All the old posts are still there though including my entry post early 2019 and my exit February 2021 BTC, May for s
tcoins.
I have no reason not to believe you, anyone who takes a profit is to be applauded. Enjoy your winnings! All the old posts are still there though including my entry post early 2019 and my exit February 2021 BTC, May for s
tcoins.Yep it’s rhyming with last time. And the time before.
I remember after it dipped to £100 or so after £500 iirc… people saying oooh no, can’t go lower, cost to mine is now that price, etc.
Then 2017, spike, boom. On news. Oooo might have to regulate it, blah blah. Went quiet. Loads of idiots lost money.
People keep coming back to bitcoin.
£200,000 next time round… hooddllll!
(Might be 5 years, but it will come back, no idea on all the other rubbish)
I remember after it dipped to £100 or so after £500 iirc… people saying oooh no, can’t go lower, cost to mine is now that price, etc.
Then 2017, spike, boom. On news. Oooo might have to regulate it, blah blah. Went quiet. Loads of idiots lost money.
People keep coming back to bitcoin.
£200,000 next time round… hooddllll!
(Might be 5 years, but it will come back, no idea on all the other rubbish)
Absolutely, and there seems to be a never ending line of people who think they can get rich quick with Crypto. Maybe they can, but the majority of people will end up losing their money and giving it to the exchanges and whales.
This reminds me of the Californian gold rush where the only people who really made any money were the people selling the tools.
This reminds me of the Californian gold rush where the only people who really made any money were the people selling the tools.
pquinn said:
Lots of things starting to pop which can cascade into even the 'good' stuff.
Latest looks to be 3AC getting liquidated, and maybe taking other people's funds with them.
BTC et al value are directly linked to all these stablecoins, they are the foundations. We all thought tether would go bump, but the other ones started the stampede, the numbers being liquidated are unreal, 100s billions.Latest looks to be 3AC getting liquidated, and maybe taking other people's funds with them.
i think 5k usd btc is very realistic.
if i had any investments would be liquidating them now.
Coinbase are getting rid of 20% of all their staff, what happens if they go bankrupt? I assume anybody who has tokens stored on their exchange will have zero hope of getting them back.
Seems to me that the whole house of cards is starting to fall as several people on this thread said it would.
Seems to me that the whole house of cards is starting to fall as several people on this thread said it would.
Joey Deacon said:
Coinbase are getting rid of 20% of all their staff, what happens if they go bankrupt? I assume anybody who has tokens stored on their exchange will have zero hope of getting them back.
Seems to me that the whole house of cards is starting to fall as several people on this thread said it would.
Everything is leveraged on everything else.Seems to me that the whole house of cards is starting to fall as several people on this thread said it would.
The value was never really there. The value was always in the redemption, which meant a buyer at that price having faith in it remaining valuable.
In a bear market with all this leverage it’s going to tank as hard or harder than it went up.
To sell up and buy back in later?
Just really don’t want to pay 20pc cap gains…
Mr Whippy said:
Joey Deacon said:
Coinbase are getting rid of 20% of all their staff, what happens if they go bankrupt? I assume anybody who has tokens stored on their exchange will have zero hope of getting them back.
Seems to me that the whole house of cards is starting to fall as several people on this thread said it would.
Everything is leveraged on everything else.Seems to me that the whole house of cards is starting to fall as several people on this thread said it would.
The value was never really there. The value was always in the redemption, which meant a buyer at that price having faith in it remaining valuable.
In a bear market with all this leverage it’s going to tank as hard or harder than it went up.
To sell up and buy back in later?
Just really don’t want to pay 20pc cap gains…
Mr Whippy said:
Everything is leveraged on everything else.
The value was never really there. The value was always in the redemption, which meant a buyer at that price having faith in it remaining valuable.
In a bear market with all this leverage it’s going to tank as hard or harder than it went up.
To sell up and buy back in later?
Just really don’t want to pay 20pc cap gains…
If you're really sure it's going down further - hedge a short position. Most exchanges offer a 3x token in both directions (I'm assuming you're not into futures from your question). You can enter and exit as you wish protecting and capital if regular markets continue to nuke. (I am not telling you to short here).The value was never really there. The value was always in the redemption, which meant a buyer at that price having faith in it remaining valuable.
In a bear market with all this leverage it’s going to tank as hard or harder than it went up.
To sell up and buy back in later?
Just really don’t want to pay 20pc cap gains…
Not financial advice - just telling you there are instruments out there if you want to use them and you know what you're doing with proper risk management.
I see this thread has taken a very predictable turn yet again. 
Seen it happen 3 times now and it's always the same. Evangelists crowing when it goes up and haters crowing when it goes down. I wish I could somehow bet on the behavioural patterns of PH posters, I'd make an absolute fortune.
I reckon I could write a script that would accurately mimic the responses on this thread with regards to crypto price movement with a 95% degree of accuracy.
Seen it happen 3 times now and it's always the same. Evangelists crowing when it goes up and haters crowing when it goes down. I wish I could somehow bet on the behavioural patterns of PH posters, I'd make an absolute fortune.
I reckon I could write a script that would accurately mimic the responses on this thread with regards to crypto price movement with a 95% degree of accuracy.
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