| Topic: A dip into the cryptocurrency market |
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| 161. Author: LochgellyAlbert Date: Mon 11th Nov 2024. 14:48 Long route to recovery! Reply |
| 162. Author: DBP Date: Mon 11th Nov 2024. 21:01 Jeffrey, got off that rubbish and get it on Bitcoin… countries are going to start buying strategic reserves of it, and given its a finite resource means it’s only going in direction Reply |
| 163. Author: OzPar Date: Wed 13th Nov 2024. 05:23 If anyone needs convincing that crypto is insanely volatile and sometimes absolutely thrilling to follow, have a look at this... Here is a rundown of my crypto account today:- Bitcoin... $1,801 (+$433) Doge.... $3,553 (+$2,296) IOTA......$21 (+$3) Crypto....$0 (-$0) Basket....$413 (+$44) TOTAL.....$5,788 (+$2,776) The figures in brackets are the change in value since 18 October. Remember, my original investment was $1,400. I cannot even begin to explain this phenomenal rise in Doge. So, I will leave it to one of the numerous "experts" on these matters (Finance Magnates):- https://www.financemagnates.com/cryptocurrency/why-dogecoin-price-is-surgingbreaking-newsandprice-analysisfornovember-2024/ Reply |
| 164. Author: DBP Date: Wed 13th Nov 2024. 07:56 From Aunty (and where America goes others will follow)… The price of the best-known cryptocurrency, Bitcoin, jumped more than 25% to new all-time records this week on the back of Trump`s win, briefly storming past $89,000. The gains are a sign that investors are anticipating big changes for the sector, which faced a crackdown under the Biden administration from regulators warning it was rife with hucksters and fraudsters. Trump once also called crypto a scam, but he changed his tune on the campaign trail this year, promising to make the US the “crypto capital of the planet”. He said he would create a strategic bitcoin stockpile and sack Securities and Exchange Commission chair Gary Gensler, who had sparked anger by taking legal action against firms under existing financial laws. Crypto firms insist their sector should be subject to new, tailor-made rules. That likely depends on Congress, where they could also get a friendlier hearing this year. Reply |
| 165. Author: Bandy Date: Wed 13th Nov 2024. 11:28 Elon Musk`s (who`s heavily invested in dogecoin) new Government Department - the Department of Government Efficiency will be known as DOGE. That free publicity right there probably explains much of the rise. The implications of his appointment to that role are frightening. he bought twitter for 44bn, gutted it, worsened the product, and turned into a platform where you could pay to make your voice louder than others. Imagine that ethos in Government...I despair. Reply |
| 166. Author: wee eck Date: Wed 13th Nov 2024. 12:21 He made a few dollars out of Trump winning the election too. Reply |
| 167. Author: desparado Date: Tue 19th Nov 2024. 08:38 Topic Originator: desparado Date: Thu 11 Jan 14:59 Topic Originator: desparado Date: Thu 14 Dec 14:22 With Crypto you basically have two choices…..one buy and hold and hope that over a significant period of time you will see a good profit, bearing in mind that during a bear market the value of most Alt coins can drop as much as 90% ! And yes keep it in a hard wallet. Or two you can trade which means keeping and eye on the market, and buying/selling on a daily/ weekly basis, which we can say is not for the faint hearted as the swings can be considerable especially during a bull run which by the way we are just starting now….if you are trading then better to set a profit/loss limit. I tried this a couple of years ago and did ok but it was starting to consume a lot of my spare time and hardly an hour went past without me checking the prices. You will most certainly miss a huge crash at some point and see a good chuck of your profit vanish in an instant ….’.that’s why it’s prudent to set up the profit/loss limit. I am just hodling my coins just now as we are entering a bull run…..I think…..just now and with the bitcoin halving due early next year this usually signals a rise in value of BTC and indeed most Alt coins. If anyone is thinking of dipping their toe in the water then now is as good a time as any…… As I said ……big gains today. It will continue…. With dips of course until bit coin halving in April then 🚀 Well it took a bit longer than I thought but serious profits being made now. If you had invested a few grand when I posted the above in January in the big ones like Bitcoin, Etherium ( slow just now) Solana , Sui, you would have doubled your investment. A few Alt coins or memes , much , much more. Bull run will last another few months more, then…..bail …. before the inevitable crash… Still time folks to double your money…. Post Edited (Tue 19 Nov 08:39) Reply |
| 168. Author: red-star-par Date: Tue 19th Nov 2024. 12:57 I do think it`s worth mentioning here that there will be people that are struggling financially reading this. They may see this, get some money they can`t afford to lose and buy some cryptocurrency thinking it`ll be the answer to all their problems, and watch it become worthless overnight. Caution really needs to be shown here. If you are financially vulnerable you really need to think about if this is the investment for you and if you can afford to lose that money. The cryptocurrency market is extremely volatile and very easily manipulated. You seen how easily Elon Musk was able to do that previously with Shibu. You see new coins all the time being hyped up as the investment you must get on before it sky rockets to the moon and then it just falls off the edge of a cliff, classic pump and dump schemes. Coins can rise and fall by double digit percentages in an hour. This thread actually does remind me of some people I have known over the years that have been gamblers. They only talk about the ones that win, not the losses. That`s why the thread is inactive for months while it`s in the doledrums and then resurfaces every so often Reply |
| 169. Author: OzPar Date: Wed 20th Nov 2024. 03:25 I entirely agree with you, red-star-par. It is important not to get carried away with this. As I and others here have pointed out on numerous occasions during the nearly four years this thread has been active, crypto is a volatile investment and not something to dip into without being conscious of the relatively high risk. I`m afraid I have to disagree with your statement that we only talk of wins and not losses. On several occasions, I have referred to dips—some quite sharp—that I have experienced with my portfolio over these years. The most recent ones are my posts of May 15 and August 8, if you care to check back. And I am not alone. others have shared their negative experiences in the market. Most of us are conscious that there will be people among us who are struggling financially. To this end, a couple of years ago, a small group of us on here put money into creating a Pars Loan Fund for fans who might be struggling to access small interest-free loans to get by. I know a few people used the fund, though I haven`t seen much activity lately. It is still there should anyone need it. This thread will end soon, anyway. The fourth anniversary is February 11, and I will close it down then. I always viewed the whole thing as an experiment to see whether crypto was a worthwhile investment or a scam. Almost four years on, my $1,400 portfolio is valued at $6,158 today. Judge for yourself. That, and the fact that it has had so many posts and almost 100,000 views, suggests the experiment was worthwhile. Post Edited (Wed 20 Nov 05:39) Reply |
| 170. Author: parsmad68 Date: Wed 20th Nov 2024. 09:29 I enjoyed reading it and the subsequent thought and comments. Thank you Oz. The scope was laid out as best can be done in a forum like this and the intent was clear that losses could and would be accepted in the nature of the experiment. The questions laid out were simple and clear. As with anything, you learn along the way and new questions arise and the discussion grows, but these questions were never expected to be answered in this experiment and the purpose of what you set out to show was achieved. Will you provide a final summary of what you learned and what questions will stop with your experiment? Reply |
| 171. Author: Rusty Shackleford Date: Wed 20th Nov 2024. 16:07 Two good posts there from red star and Oz. I totally forgot about that emergency fund and can`t find the WhatsApp group after changing phones. Oz - would you mind giving it a bump. I haven`t changed numbers so I should still be on it. Reply |
| 172. Author: OzPar Date: Tue 26th Nov 2024. 03:00 Remarkably, this thread has broken through the 100,000 barrier. Wow! Thank you for your continued interest. For the record, the portfolio has continued its recent climb and now stands at $6,516. Five weeks ago, it stood at $3,012. Reply |
| 173. Author: DunfyDave Date: Thu 5th Dec 2024. 08:33 OzPar, Tue 26 Nov 03:00 ^^^ Quite fitting that this thread has broken through the 100,000 barrier at roughly the same time as BTC has hit the $100,000 I think you should consider keeping this thread open a bit longer Oz. I for one would like to see where it goes DunfyDave Reply |
| 174. Author: LochgellyAlbert Date: Thu 5th Dec 2024. 16:13 All my Crypto hitting the green at last!💚 Reply |
| 175. Author: DBP Date: Thu 5th Dec 2024. 20:12 Well my ‘canary’ which is £100 of Bitcoin from Dec 2023 in Revolut, which I use as a guide to determine what my cold wallet is worth, is now sitting at £250 Reply |
| 176. Author: red-star-par Date: Thu 5th Dec 2024. 21:16 I`ve got to say, now that there is going to be a couple of utter chancers like Trump and Musk in positions of power I bet we will see market manipulation the like has never been seen before in the coming months. Musk has tweeted about coins in the past and probably made multi millions pumping and dumping them. Imagine the amount they can make for themselves if they can get Trump to make positive statements about legislation for Cryptocurrency, then they can sell up, he can say the opposite and then they can buy back in after the crash Reply |
| 177. Author: Dandy Warhol Date: Fri 6th Dec 2024. 09:18 I have had some Doge since it was pennies to buy, I`ll be keeping an eye on the Department Of Government Efficiency. I don`t wanna go down like disco. Reply |