Cryptocurrency

[seafoid]

Not sure if this belongs here!

https://www.bbc.co.uk/news/technology-64536593

'The whole idea of crypto (which is what this is) was to decentralise currency and give people the power to be their own bank.
This will just be a way of the banks/Govt/Financial institutions to control our money more efficiently'.

That is just plámás

[trailer]

Crypto has had a bit of a bounce lately. I had bought some (I know!) at the bottom there and it's up nearly 40%!

[Milltown Row2]

Crypto has had a bit of a bounce lately. I had bought some (I know!) at the bottom there and it's up nearly 40%!

If someone is giving you 40% profit, sell and wait for the next drop ...

[imtommygunn]

But it could go up 50...

[bennydorano]

A while back I sold  off all my peripheral ones and bought more Bitcoin & Ethereum, took a hit but thought it was a sensible enough move. Is everything on the rise again? I've never checked the ones I sold since.

[johnnycool]

But it could go up 50...

A bird in the hand and all that.

[seafoid]

It might go up more but there is going to be a crash.
I think the problem most people have is knowing when to get out.

The VIX index is a good metric. It measures financial chaos conditions.
https://finance.yahoo.com/quote/%5EVIX

The higher it goes the more dangerous investment is.
In 2020 it went to 80.

So if you said 30 or 40 was your trigger to get out that should work.

[Armagh18]

Cash is king boys.

[trailer]

Cash is king boys.

Not when inflation is 10%

[smort]

Cash is king boys.

Not when inflation is 10%

Unless you're printing your own

[seafoid]

Cash is king boys.

Not when inflation is 10%

Then it can only be Big Tom

[bennydorano]

Crypto has had a bit of a bounce lately. I had bought some (I know!) at the bottom there and it's up nearly 40%!

Kiss of death

[Milltown Row2]

Crypto has had a bit of a bounce lately. I had bought some (I know!) at the bottom there and it's up nearly 40%!

Kiss of death

Hopefully he sold them at 40% like I told him 

[trailer]

Crypto has had a bit of a bounce lately. I had bought some (I know!) at the bottom there and it's up nearly 40%!

Kiss of death

Ah stop.!!
TBF I don't plan to sell in the near term. I just keep buying away. It'll will hit another run in 3 or 4 years and that's when I plan on selling. Until then I just tip away at it. I see it as a gamble that could pay off big time but if it goes tits up (most likely) I only lose what I can afford to.

[seafoid]

https://www.irishtimes.com/business/2023/03/13/collapse-of-three-us-lenders-rattles-crypto-markets/

Speaking to The Irish Times before the Silvergate and Silicon Valley Bank closures, Sharon Donnery, deputy governor of the Central Bank with responsibility for financial regulation, said there is "a lot of concern globally" around crypto and the threat it poses to financial stability.