I didn't buy anything over 7k so it's all gravy,
Not being at my pc for a months means I can't panic sell as well
Doesn't panic selling devalue the currency even more/faster?
[QUOTE=arleitiss;52997576]Doesn't panic selling devalue the currency even more/faster?[/QUOTE]
It's a fiat currency, it derives its value from trust. If it falls in value because people do not trust it, then it doesn't have the value.
[t]http://puu.sh/yLOQ1/7d05921a5e.jpg[/t]
Couldn't have said it better myself
[QUOTE=LegoGuy;52997652][t]http://puu.sh/yLOQ1/7d05921a5e.jpg[/t]
Couldn't have said it better myself[/QUOTE]
Maybe, maybe not. A dip this big hasnt happened since 2014, its creeping 50%.
The thing is if the dip gets deep enough there will be people who buy hoping it'll go back up.. if enough do it will.
[QUOTE=PunishedMod;52997676][QUOTE=LegoGuy;52997652][t]http://puu.sh/yLOQ1/7d05921a5e.jpg[/t]
Couldn't have said it better myself[/QUOTE]
Maybe, maybe not. A dip this big hasnt happened since 2014, its creeping 50%.[/QUOTE]
It's in the guys interest to maintain confidence in BTC, even at expense of full truth, to protect his own investment.
[QUOTE=LegoGuy;52997652][t]http://puu.sh/yLOQ1/7d05921a5e.jpg[/t]
Couldn't have said it better myself[/QUOTE]
I mean that happened with virtually every bubble.
You had 7 steps forwards, followed by 2 steps back, continuously, until eventually the steps back stopped being followed by steps forward.
Godammit I tried to buy another litecoin and some btc a little bit ago on Coinbase and it said everything went through but now there's no record of my transactions at all so it effectively didn't happen. (Didn't charge my card either. Just didn't happen at all).
Its already going back up over 13k
Dip miiiight be over
[QUOTE=mdeceiver79;52997690]It's in the guys interest to maintain confidence in BTC, even at expense of full truth, to protect his own investment.[/QUOTE]
There are lots of smoke and mirrors of that kind in crypto investing. You basically want people to invest more so the market cap goes up and then at some point it will have been profitable enough for you.
[QUOTE=Protocol7;52997697]There are lots of smoke and mirrors of that kind in crypto investing. You basically want people to invest more so the market cap goes up and then at some point it will have been profitable enough for you.[/QUOTE]
Sounds like a ponsi scheme, but then I am pretty skeptical toward this crypto lark
[QUOTE=mdeceiver79;52997700]Sounds like a ponsi scheme, but then I am pretty skeptical toward this crypto lark[/QUOTE]
I mean that's true with normal investments too, the money you cash out with has to come from somewhere. Everyone has a vested interest in upward momentum.
[QUOTE=mdeceiver79;52997690]It's in the guys interest to maintain confidence in BTC, even at expense of full truth, to protect his own investment.[/QUOTE]
But all he's done is show a graph and tell you what the graph says. Some of you guys here seem to go way too far to paint crypto as a huge evil thing that only stupid dumb idiots would ever be part of and anyone who tries to advise or share experience with it is a lying cheat.
I honestly wouldn't touch any crypto with a 10 foot pole right now. The market is so all over the place that I would rather wait until things settle back down before I buy anything again. I'd give it a few months or longer until things finally settle and then trade when things aren't so volatile. Fast forward to like 2-3 years down the line where it might spike like this again and sell everything, repeat.
This cycle has happened at least 2-3 times before, when crypto gets more popular.
[QUOTE=Trekintosh;52997712]But all he's done is show a graph and tell you what the graph says. Some of you guys here seem to go way too far to paint crypto as a huge evil thing that only stupid dumb idiots would ever be part of and anyone who tries to advise or share experience with it is a lying cheat.[/QUOTE]
He does more than that, he extrapolates from the data.
I don't think people are necessarily "stupid dumb idiots" but I think people should heed caution against jumping on the bang wagon, especially, when that band wagon only keeps going because more people jump aboard. Eventually it'll run outta people jumping aboard at which time... If sometime bought in and cashed out before that happens then power to them, I'm not sure how one can accurately divine that though, seems too much like gambling and random luck to be rational in my eyes.
And while everyone with money in it has a vested interest to encourage others to invest, they might not be "lying cheats" but they're unlike to act against their own interests.
I told myself I wasn't allowed to buy anymore crypto but everything is so low right now.
How low can we go?
[QUOTE=Protocol7;52997705]I mean that's true with normal investments too, the money you cash out with has to come from somewhere. Everyone has a vested interest in upward momentum.[/QUOTE]
I dunno, I'm not mega well versed in business/investing but I think a growth/improvements of assets and opportunities offer a more "tangible" value. Eg you invest in a company, they use your money to buy assets then use those assets to make enough profit to return your investment and then some, thats the hope anyway and I understand thats a very rudimentary view/scenario/ naive view to take. I don't invest though so my scepticism is worth less than naught compared to those who now grow rich because they're willing to take risk.
The market already starting to show some life. Take a look at a month chart at any coin that was up, do u really think that this shit would go up to infinity? Holders and buyers will reap the loss of crypto moms cryptonormies getting second mortgages on their houses to buy high and sell low.
[QUOTE=arleitiss;52995388]Feels like Ripple is type of coin that will just always float/stay at 1$
but ofc - I will pass on it and then next day it will sky rocket to $500.[/QUOTE]
Sorry guys, I lied.
I actually bought 900+ XRP a while ago when it was 0.55-0.60.
I am just waiting now for next few years.
Reason for lie: Wanted to see what community thinks of Ripple, generally I don't take/listen to advice to anyone on internet but I do like hearing opinions.
On a bright side - I lost and gained $200 today few times.
[QUOTE=arleitiss;52997770]Sorry guys, I lied.
I actually bought 900+ XRP a while ago when it was 0.55-0.60.
I am just waiting now for next few years.
Reason for lie: Wanted to see what community thinks of Ripple, generally I don't take/listen to advice to anyone on internet but I do like hearing opinions.
On a bright side - I lost and gained $200 today few times.[/QUOTE]
I bought in ripple because the rumor of it going on Coinbase makes sense. A hot new coin on Coinbase at a 1$ buy in is really attractive and will explode the price. Even if it doesn’t go on cb, the sentiment is generally positive
Got more LTC and ethereum in the christmas sale today!
It's like steams sales except all you're buying is anxiety!
[QUOTE=Matoking;52997407]The last time the price had dropped to the lowest point after the bubble burst, the Bitcoin subreddit had a suicide hotline number in the top post in the front page.
Not investment advice, just pointing this out.[/QUOTE]
Are there people really investing so much in bitcoin that their livelihood depends on it?
[QUOTE=BusterBluth;52997929]Are there people really investing so much in bitcoin that their livelihood depends on it?[/QUOTE]
Surely there was an article recently where certain family sold everything they had and went all in on BTC.
(Also been mentioned few dozen pages ago in this very thread).
[QUOTE=BusterBluth;52997929]Are there people really investing so much in bitcoin that their livelihood depends on it?[/QUOTE]
Unfortunately yes. These people forget the rule #1 of investing, which is to never invest what you aren't willing to lose. I threw in $50 a while ago and it's been a rollercoaster but I'm not going to kill myself over it.
Convinced one of the associates at my office to buy when it was 5k and told him to sell before it hit 20k. Needless to say he really likes me right now lul
[QUOTE=A Beaver;52997747]I told myself I wasn't allowed to buy anymore crypto but everything is so low right now.
How low can we go?[/QUOTE]
That's not the way you do it. At this point you should be dollar-cost averaging by purchasing fixed amounts biweekly
[editline]22nd December 2017[/editline]
[QUOTE=Protocol7;52998013]Unfortunately yes. These people forget the rule #1 of investing, which is to never invest what you aren't willing to lose. I threw in $50 a while ago and it's been a rollercoaster but I'm not going to kill myself over it.[/QUOTE]
Investments should be a regular thing. People should consider taking 10% of their paycheck and throwing it directly into an investment. If you're young, it may be worth it to throw your entire 10% into Bitcoin every paycheck. As you get older, you'd best diversify with safer investments such as mutual funds, 401ks, roth iras, and discounted employee stock purchase plans. I suggest mutual funds instead of throwing $$ into individual stocks because most people don't have the time and expertise to be their own financial advisors. Mutual funds have experts constantly doing this work for you, and while you do owe them a cut of your gains, it is WELL worth it (look up performance graphs of any popular fund). Employee stock purchase plans are a different thing because you get crazy discounts (like 10% discount) and your company will often sell the stock to you at the lowest price the stock has been at in any given month.
If you make more $$, it may be worth throwing something like 40% of your paycheck into your investments. Make sure you can still have a life and have some hobbies tho
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