ender4 Posted May 22, 2021 Share Posted May 22, 2021 Just bought £1k of Etherium to hold for the long-term while the price looks relatively low. Link to comment Share on other sites More sharing options...
HanoiVillan Posted May 23, 2021 Share Posted May 23, 2021 (edited) From Twitter: BREAKING: DeFi100 coin exit scams, and runs away with $32 million in investors funds. Website is now updated with the message “We scammed you guys, and you can’t do shit about it” Tweet is in spoiler tags because it contains the f-word, so only open if you don't mind such foul language Spoiler Edited May 23, 2021 by HanoiVillan Link to comment Share on other sites More sharing options...
wazzap24 Posted May 23, 2021 Share Posted May 23, 2021 My crypto ‘investment’ this morning. Link to comment Share on other sites More sharing options...
PieFacE Posted May 23, 2021 Author VT Supporter Share Posted May 23, 2021 Market is ded. Either an excellent time to buy, or we're done for 4 years. Trade wisely. Link to comment Share on other sites More sharing options...
KenjiOgiwara Posted May 23, 2021 Share Posted May 23, 2021 I wonder if all the people losing money now in that crypto casino will affect the real markets. Link to comment Share on other sites More sharing options...
Genie Posted May 23, 2021 Share Posted May 23, 2021 Major sell off happening. Bitcoin has always bounced back, let’s see over the next 24-48 hours. Link to comment Share on other sites More sharing options...
Genie Posted May 23, 2021 Share Posted May 23, 2021 Link to comment Share on other sites More sharing options...
AndyM3000 Posted May 23, 2021 Share Posted May 23, 2021 1 hour ago, PieFacE said: Market is ded. Either an excellent time to buy, or we're done for 4 years. Trade wisely. All feels a bit too quick to be a proper end to a bull market, at least compared to 2017. But yeah, who knows, worrying though as im dusting off chunks every time I've refreshed my balance over the last few days. Link to comment Share on other sites More sharing options...
Rds1983 Posted May 23, 2021 VT Supporter Share Posted May 23, 2021 2 hours ago, AndyM3000 said: All feels a bit too quick to be a proper end to a bull market, at least compared to 2017. But yeah, who knows, worrying though as im dusting off chunks every time I've refreshed my balance over the last few days. Have you tried not looking? Leave it for 5 years and see what it's worth then. That's my plan, unless it goes down to like 5 or 10k again then I'd top up. 1 Link to comment Share on other sites More sharing options...
AndyM3000 Posted May 23, 2021 Share Posted May 23, 2021 2 hours ago, Rds1983 said: Have you tried not looking? Leave it for 5 years and see what it's worth then. That's my plan, unless it goes down to like 5 or 10k again then I'd top up. I did that through 2017. The crypto market will tank over the next couple of years and I'll come back and stock up on some good coins/projects. I didn't plan to hold any once the end of this cycle happens, I don't really see the point given none of them held their value last time. Link to comment Share on other sites More sharing options...
Rds1983 Posted May 23, 2021 VT Supporter Share Posted May 23, 2021 39 minutes ago, AndyM3000 said: I did that through 2017. The crypto market will tank over the next couple of years and I'll come back and stock up on some good coins/projects. I didn't plan to hold any once the end of this cycle happens, I don't really see the point given none of them held their value last time. I'm not good enough at predicting the end of cycles so figure why bother. I'm confident it'll be worth more than it is now in 5 years time so I'll ignore it and top up if it does crash low enough (or looks to have settled when I occasionally check up on it). Link to comment Share on other sites More sharing options...
AndyM3000 Posted May 23, 2021 Share Posted May 23, 2021 Yeah I'm not either, would never get out at the top it's next to impossible. If it did mimic the 2017 run I was expecting this little burst now and then a slow/breakeven stretch the rest of the year before a big surge. There are some I'd like to hold long term but I'll come back and stock up on more when they are cheaper. Just looking at the prices of some of these in pre-Feb this year, huge gains some people will have had. Link to comment Share on other sites More sharing options...
ender4 Posted May 24, 2021 Share Posted May 24, 2021 I just bought a little bit of XRP Ripple while the price is still low. Will hold for the long-term. 1 Link to comment Share on other sites More sharing options...
Chap of Steel Posted May 25, 2021 Share Posted May 25, 2021 Quite interested in learning more about this - any good starting points? Link to comment Share on other sites More sharing options...
Genie Posted May 25, 2021 Share Posted May 25, 2021 My £24 worth of free stuff on Coinbase is currently worth £13.80 Link to comment Share on other sites More sharing options...
MCU Posted May 26, 2021 Share Posted May 26, 2021 Bitcoin going back up? Time to buy? Link to comment Share on other sites More sharing options...
villa89 Posted May 26, 2021 Share Posted May 26, 2021 There was a good point made by an analyst on the radio this morning, currencies are backed up by the economy of the trading block that uses them. Example, the dollar or pound are worth something because they are supported by the US/UK economies. Crypto is worth something because it is backed by the criminal economy, drugs, tax evasion etc. Once governments realise that then crypto is dead. At the moment investing in it is a game of musical chairs. Link to comment Share on other sites More sharing options...
PieFacE Posted May 26, 2021 Author VT Supporter Share Posted May 26, 2021 (edited) 38 minutes ago, villa89 said: There was a good point made by an analyst on the radio this morning, currencies are backed up by the economy of the trading block that uses them. Example, the dollar or pound are worth something because they are supported by the US/UK economies. Crypto is worth something because it is backed by the criminal economy, drugs, tax evasion etc. Once governments realise that then crypto is dead. At the moment investing in it is a game of musical chairs. This is so false. And fiat isn't used for these things? Crypto is traceable (public ledger). Cash isn't. Which one do you think Criminals will use more? There's a lot of things that back crypto and decentalisation in general, the whole "it's only used by criminals" argument is just a lazy one. And Governments aren't going to start banning it (imo) and risk being left behind. If that was going to happen it would have happened years ago. Businesses completely run from only holding crypto assets. I've been getting paid my monthly salary in Bitcoin for about 4 years now. It's more than just for criminal use, it's a hedge against inflation and money printers (and so much more). Edited May 26, 2021 by PieFacE 2 Link to comment Share on other sites More sharing options...
Genie Posted May 26, 2021 Share Posted May 26, 2021 I almost bought an ETH earlier in the week for just over £1300. Worth £2,000 now. Darn it. Link to comment Share on other sites More sharing options...
ender4 Posted May 26, 2021 Share Posted May 26, 2021 1 hour ago, Genie said: I almost bought an ETH earlier in the week for just over £1300. Worth £2,000 now. Darn it. It might dip again soon. I bought at $2300, it dipped to $1900 , went to $2900 and is now $2700 (in the space of 5 days). 1 Link to comment Share on other sites More sharing options...
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