Cryptocurrency

trailer · March 11, 2024, 02:30:29 PM

More action this am. ATH yet again.

Eamonnca1 · March 12, 2024, 05:31:30 AM

I've looked at the charts for the price of Etherium and Bitcoin and they're both the same shape. Reminds me of another chart I've been looking at lately, stock in the company I work for. The Dow and the S&P 500 are all following similar trends. Assets are on a bit of a surge, even bubbly stuff like Crypto that has no intrinsic value.

If I were youse boys I'd get out while you're ahead, or at least get all your investment back. It's not a "mistake" to cut out early if you've got your money made. If you've already got your money back then you may play away with what's still invested.

trailer · March 12, 2024, 08:56:57 AM

Quote from: Eamonnca1 on March 12, 2024, 05:31:30 AMI've looked at the charts for the price of Etherium and Bitcoin and they're both the same shape. Reminds me of another chart I've been looking at lately, stock in the company I work for. The Dow and the S&P 500 are all following similar trends. Assets are on a bit of a surge, even bubbly stuff like Crypto that has no intrinsic value.

If I were youse boys I'd get out while you're ahead, or at least get all your investment back. It's not a "mistake" to cut out early if you've got your money made. If you've already got your money back then you may play away with what's still invested.

I agree. Everything rises and falls in Crypto based on Bitcoin, which as you say means it worthless. Pure bubble. Probably got a bit to go to get to the top yet, but I have started to think about taking my stake out and gambling with the profit.

Eamonnca1 · March 12, 2024, 10:08:06 PM

Why would you gamble with the profit? Why not just take it out and keep it? Or invest it?

Mourne Red · March 12, 2024, 10:26:54 PM

Quote from: Eamonnca1 on March 12, 2024, 10:08:06 PMWhy would you gamble with the profit? Why not just take it out and keep it? Or invest it?

Bull run is only starting, Halving hasn't happened yet, Ethereum ETF approval coming later this year, interest rates not cut yet.. His Profit could 10-20x just in the safer large cap coins

JoG2 · March 13, 2024, 11:15:09 AM

Quote from: Eamonnca1 on March 12, 2024, 10:08:06 PMWhy would you gamble with the profit? Why not just take it out and keep it? Or invest it?

It's all about the 'sweat' you hear the ones at work talking about. No different to putting a yankee on @ Cheltenham

trailer · March 13, 2024, 04:29:21 PM

El Fabilio probably saves the bookies today.

Father Murphy · September 09, 2024, 04:16:21 PM

Very enjoyable debate here on Bitcoin vs Gold for anybody interested in that kind of thing:

https://m.youtube.com/watch?v=MSlEQA1BoOE&pp=ygUJZGF2aWQgbGlu

bennydorano · November 11, 2024, 05:09:30 PM

Jesus, this can't go up much more at such a rate, surely has to pop & settle.

Smokin Joe · November 11, 2024, 06:19:48 PM

Quote from: bennydorano on November 11, 2024, 05:09:30 PMJesus, this can't go up much more at such a rate, surely has to pop & settle.

Benny, you've been here long enough to know what BTC does every 4 years.

"This time it'll be different". Yeah, right

Mourne Red · November 11, 2024, 06:58:59 PM

Quote from: Smokin Joe on November 11, 2024, 06:19:48 PM
Quote from: bennydorano on November 11, 2024, 05:09:30 PMJesus, this can't go up much more at such a rate, surely has to pop & settle.
Benny, you've been here long enough to know what BTC does every 4 years.

"This time it'll be different". Yeah, right

If it could pop into some of my Alts it would be lovely

Milltown Row2 · November 11, 2024, 08:03:01 PM

Was watching the Bernie Madoff show on Netflix

Keep thinking bitcoin will blow up like this at some point

bennydorano · November 11, 2024, 08:19:57 PM

Quote from: Smokin Joe on November 11, 2024, 06:19:48 PM
Quote from: bennydorano on November 11, 2024, 05:09:30 PMJesus, this can't go up much more at such a rate, surely has to pop & settle.
Benny, you've been here long enough to know what BTC does every 4 years.

"This time it'll be different". Yeah, right

But it's surely a short term pump & dump scenario at the minute (post US Election) then regroup in a few months to go again?

bennydorano · November 11, 2024, 08:28:19 PM

Near 30% increase in value in a week, that is mental and obviously not sustainable.

Sell now buy back in a month

Smokin Joe · November 11, 2024, 10:48:41 PM

Quote from: bennydorano on November 11, 2024, 08:19:57 PM
Quote from: Smokin Joe on November 11, 2024, 06:19:48 PM
Quote from: bennydorano on November 11, 2024, 05:09:30 PMJesus, this can't go up much more at such a rate, surely has to pop & settle.
Benny, you've been here long enough to know what BTC does every 4 years.

"This time it'll be different". Yeah, right
But it's surely a short term pump & dump scenario at the minute (post US Election) then regroup in a few months to go again?

Why? It has been rangebound for 8 months; it was ready for a breakout. The year after the halving year is normally the year it goes to the moon.
You'd be taking a risk selling now in the hope of buying it back cheaper. It's possible, but it's playing with fire if you have held it for so long at this stage.