No football on Saturday so you just gotta troll. Sad.
I worked in financial services all my life as a Bank Manager and then a Financial Adviser.
“I think the internet is a fad, I’ve worked in fax machine distribution all my life”, Cool story bro. Go ask your Goldman sach mates why they’ve now opened up a crypto trading department if it’s such a ponzi.
May 7th.
This kind of bollocks gets posted every bull run. Are you seriously saying Bitcoin and crypto has no future? Imagine gloating saying capitalism is finished because of market crash. If you bought the top of the last bull run and held, you’re still almost 100% up on your original investment.
No, I said a long time ago it will be similar to the dot com bubble, where the market makers and experts made a killing and many of those that didn't know what they were doing lost out to the manipulators.
Some will survive and many won't. Bitcoin, Crypto, Eth and some others may/will survive.
Once again I'm not gloating, in fact quite the opposite. I've advised financially all my life as a bank manager and then financial adviser. I was simply trying to warn those that didn't know what they were doing, what was coming. I could do no more, as I always have.
Yes you are, why post otherwise? As I said, an idiot.
I posted because I once again warned everyone on May 7th. To be fair I think it was only yourself that ridiculed me. Anyway, you seem to live & breathe cryptos 24/7, I'm not sure how you manage it, unless you are not studying/working. My warning wasn't aimed at you and others that know what they are doing. But others getting sucked in. I hope everyone is still in profit, I really do.
No football on Saturday so you just gotta troll. Sad.
I worked in financial services all my life as a Bank Manager and then a Financial Adviser.
“I think the internet is a fad, I’ve worked in fax machine distribution all my life”, Cool story bro. Go ask your Goldman sach mates why they’ve now opened up a crypto trading department if it’s such a ponzi.
May 7th.
This kind of bollocks gets posted every bull run. Are you seriously saying Bitcoin and crypto has no future? Imagine gloating saying capitalism is finished because of market crash. If you bought the top of the last bull run and held, you’re still almost 100% up on your original investment.
No, I said a long time ago it will be similar to the dot com bubble, where the market makers and experts made a killing and many of those that didn't know what they were doing lost out to the manipulators.
Some will survive and many won't. Bitcoin, Crypto, Eth and some others may/will survive.
Once again I'm not gloating, in fact quite the opposite. I've advised financially all my life as a bank manager and then financial adviser. I was simply trying to warn those that didn't know what they were doing, what was coming. I could do no more, as I always have.
Yes you are, why post otherwise? As I said, an idiot.
I posted because I once again warned everyone on May 7th. To be fair I think it was only yourself that ridiculed me. Anyway, you seem to live & breathe cryptos 24/7, I'm not sure how you manage it, unless you are not studying/working. My warning wasn't aimed at you and others that know what they are doing. But others getting sucked in. I hope everyone is still in profit, I really do.
Today we have the news that China (the place responsible for the vast majority of bitcoin mining), saying it has banned financial institutions from providing services relating to transactions in cyptos. Probably what caused the run.
Last month we had the Bank of England announce that it, the Govt and FCA are working on introducing a CBDC, that is a virtual pound sterling.
So, it seems sure that crypto has a future. Just not necessarily the one everyone invested in the vast array of flakey products might be hoping for.
Sure, I know all about the secrecy stuff and what have you, but at the end of the day it is impossible to use something as a virtual currency when you have no idea what it might actually buy you in an hour, let alone tomorrow. The swings are just too wild. You might just as well lob your money into the Venezuelan bolívar. The products out there now will be replaced by something more stable. That means something with some actual backing and usability. What's out there now compared to proper Government backed virtual currencies would be like comparing a Sinclair C5 to a Tesla.
The fact that Goldman Sachs has a trading desk for cryptos means nothing. It adds no kudos to the products. Goldman Sachs would be quite happy selling anything to anybody as long as they could make a turn on it. It is after all only six months or so since the FCA fined Goldman Sachs £97mn for serious risk management failures. I'd not be using them as a ringing endorsement frankly.
No football on Saturday so you just gotta troll. Sad.
I worked in financial services all my life as a Bank Manager and then a Financial Adviser.
“I think the internet is a fad, I’ve worked in fax machine distribution all my life”, Cool story bro. Go ask your Goldman sach mates why they’ve now opened up a crypto trading department if it’s such a ponzi.
May 7th.
This kind of bollocks gets posted every bull run. Are you seriously saying Bitcoin and crypto has no future? Imagine gloating saying capitalism is finished because of market crash. If you bought the top of the last bull run and held, you’re still almost 100% up on your original investment.
No, I said a long time ago it will be similar to the dot com bubble, where the market makers and experts made a killing and many of those that didn't know what they were doing lost out to the manipulators.
Some will survive and many won't. Bitcoin, Crypto, Eth and some others may/will survive.
Once again I'm not gloating, in fact quite the opposite. I've advised financially all my life as a bank manager and then financial adviser. I was simply trying to warn those that didn't know what they were doing, what was coming. I could do no more, as I always have.
Yes you are, why post otherwise? As I said, an idiot.
I posted because I once again warned everyone on May 7th. To be fair I think it was only yourself that ridiculed me. Anyway, you seem to live & breathe cryptos 24/7, I'm not sure how you manage it, unless you are not studying/working. My warning wasn't aimed at you and others that know what they are doing. But others getting sucked in. I hope everyone is still in profit, I really do.
“I’m not gloating”
An ex financial adviser offering very good advice to acquaintances is patently not gloating, it was good advice. You are a strange chap at times. I'll not be replying again today.
No football on Saturday so you just gotta troll. Sad.
I worked in financial services all my life as a Bank Manager and then a Financial Adviser.
“I think the internet is a fad, I’ve worked in fax machine distribution all my life”, Cool story bro. Go ask your Goldman sach mates why they’ve now opened up a crypto trading department if it’s such a ponzi.
May 7th.
This kind of bollocks gets posted every bull run. Are you seriously saying Bitcoin and crypto has no future? Imagine gloating saying capitalism is finished because of market crash. If you bought the top of the last bull run and held, you’re still almost 100% up on your original investment.
No, I said a long time ago it will be similar to the dot com bubble, where the market makers and experts made a killing and many of those that didn't know what they were doing lost out to the manipulators.
Some will survive and many won't. Bitcoin, Crypto, Eth and some others may/will survive.
Once again I'm not gloating, in fact quite the opposite. I've advised financially all my life as a bank manager and then financial adviser. I was simply trying to warn those that didn't know what they were doing, what was coming. I could do no more, as I always have.
Yes you are, why post otherwise? As I said, an idiot.
I posted because I once again warned everyone on May 7th. To be fair I think it was only yourself that ridiculed me. Anyway, you seem to live & breathe cryptos 24/7, I'm not sure how you manage it, unless you are not studying/working. My warning wasn't aimed at you and others that know what they are doing. But others getting sucked in. I hope everyone is still in profit, I really do.
“I’m not gloating”
Guys, I think you should leave it. Mans biggest failure is their lust for greed.
No football on Saturday so you just gotta troll. Sad.
I worked in financial services all my life as a Bank Manager and then a Financial Adviser.
“I think the internet is a fad, I’ve worked in fax machine distribution all my life”, Cool story bro. Go ask your Goldman sach mates why they’ve now opened up a crypto trading department if it’s such a ponzi.
May 7th.
This kind of bollocks gets posted every bull run. Are you seriously saying Bitcoin and crypto has no future? Imagine gloating saying capitalism is finished because of market crash. If you bought the top of the last bull run and held, you’re still almost 100% up on your original investment.
No, I said a long time ago it will be similar to the dot com bubble, where the market makers and experts made a killing and many of those that didn't know what they were doing lost out to the manipulators.
Some will survive and many won't. Bitcoin, Crypto, Eth and some others may/will survive.
Once again I'm not gloating, in fact quite the opposite. I've advised financially all my life as a bank manager and then financial adviser. I was simply trying to warn those that didn't know what they were doing, what was coming. I could do no more, as I always have.
Yes you are, why post otherwise? As I said, an idiot.
I posted because I once again warned everyone on May 7th. To be fair I think it was only yourself that ridiculed me. Anyway, you seem to live & breathe cryptos 24/7, I'm not sure how you manage it, unless you are not studying/working. My warning wasn't aimed at you and others that know what they are doing. But others getting sucked in. I hope everyone is still in profit, I really do.
“I’m not gloating”
An ex financial adviser offering very good advice to acquaintances is patently not gloating, it was good advice. You are a strange chap at times. I'll not be replying again today.
Today we have the news that China (the place responsible for the vast majority of bitcoin mining), saying it has banned financial institutions from providing services relating to transactions in cyptos. Probably what caused the run.
Last month we had the Bank of England announce that it, the Govt and FCA are working on introducing a CBDC, that is a virtual pound sterling.
So, it seems sure that crypto has a future. Just not necessarily the one everyone invested in the vast array of flakey products might be hoping for.
Sure, I know all about the secrecy stuff and what have you, but at the end of the day it is impossible to use something as a virtual currency when you have no idea what it might actually buy you in an hour, let alone tomorrow. The swings are just too wild. You might just as well lob your money into the Venezuelan bolívar. The products out there now will be replaced by something more stable. That means something with some actual backing and usability. What's out there now compared to proper Government backed virtual currencies would be like comparing a Sinclair C5 to a Tesla.
The fact that Goldman Sachs has a trading desk for cryptos means nothing. It adds no kudos to the products. Goldman Sachs would be quite happy selling anything to anybody as long as they could make a turn on it. It is after all only six months or so since the FCA fined Goldman Sachs £97mn for serious risk management failures. I'd not be using them as a ringing endorsement frankly.
Again, this crap is said every bull run, last count of the amount of times China has “banned” crypto, but still bitcoin goes up and up, as you say, stablecoins and defi most definitely have a future. Still heavily into my defi low cap alts.
I decided to dabble in Crypto for the first time a couple weeks ago am I the worst investor on Charlton Life? I’ve seen nothing but red.
Feels very similar to 2017 when I first bought ETH at it's ath. A few weeks ago I bought BTC for the first time, also at it's ath. I think I'm worse.
Nah, there’s a bloke on here who sold Bitcoin at 8k and then came back in to buy at 38k this week...funny enough he’s got a very similar name to one of the most sensible posters on the Savings and Investments thread...
Somewhere there’s a retail investor who bought in blindly at the very bottom, came on Twitter and is wondering why everyone’s freaking out when they’re up 20%
Today we have the news that China (the place responsible for the vast majority of bitcoin mining), saying it has banned financial institutions from providing services relating to transactions in cyptos. Probably what caused the run.
Last month we had the Bank of England announce that it, the Govt and FCA are working on introducing a CBDC, that is a virtual pound sterling.
So, it seems sure that crypto has a future. Just not necessarily the one everyone invested in the vast array of flakey products might be hoping for.
Sure, I know all about the secrecy stuff and what have you, but at the end of the day it is impossible to use something as a virtual currency when you have no idea what it might actually buy you in an hour, let alone tomorrow. The swings are just too wild. You might just as well lob your money into the Venezuelan bolívar. The products out there now will be replaced by something more stable. That means something with some actual backing and usability. What's out there now compared to proper Government backed virtual currencies would be like comparing a Sinclair C5 to a Tesla.
The fact that Goldman Sachs has a trading desk for cryptos means nothing. It adds no kudos to the products. Goldman Sachs would be quite happy selling anything to anybody as long as they could make a turn on it. It is after all only six months or so since the FCA fined Goldman Sachs £97mn for serious risk management failures. I'd not be using them as a ringing endorsement frankly.
Again, this crap is said every bull run, last count of the amount of times China has “banned” crypto, but still bitcoin goes up and up, as you say, stablecoins and defi most definitely have a future. Still heavily into my defi low cap alts.
You can say it's crap but that's not an argument. Something will shake out. And, in my opinion it will be a binary answer. Either the doubters will be right; or you will be right. My view is that the doubters are currently in pole position.
Of course, if the cyptos stabilise, the heavy duty speculators and market manipulators will no longer have a reason to hold, buy or sell them. If they don't stabilise, they are virtually useless to the man in the street. One thing is for sure, a fair few people will have made some money and had some fun. And a fair few people will have lost a lot of money and with it probably their wellbeing.
Today we have the news that China (the place responsible for the vast majority of bitcoin mining), saying it has banned financial institutions from providing services relating to transactions in cyptos. Probably what caused the run.
Last month we had the Bank of England announce that it, the Govt and FCA are working on introducing a CBDC, that is a virtual pound sterling.
So, it seems sure that crypto has a future. Just not necessarily the one everyone invested in the vast array of flakey products might be hoping for.
Sure, I know all about the secrecy stuff and what have you, but at the end of the day it is impossible to use something as a virtual currency when you have no idea what it might actually buy you in an hour, let alone tomorrow. The swings are just too wild. You might just as well lob your money into the Venezuelan bolívar. The products out there now will be replaced by something more stable. That means something with some actual backing and usability. What's out there now compared to proper Government backed virtual currencies would be like comparing a Sinclair C5 to a Tesla.
The fact that Goldman Sachs has a trading desk for cryptos means nothing. It adds no kudos to the products. Goldman Sachs would be quite happy selling anything to anybody as long as they could make a turn on it. It is after all only six months or so since the FCA fined Goldman Sachs £97mn for serious risk management failures. I'd not be using them as a ringing endorsement frankly.
Again, this crap is said every bull run, last count of the amount of times China has “banned” crypto, but still bitcoin goes up and up, as you say, stablecoins and defi most definitely have a future. Still heavily into my defi low cap alts.
You can say it's crap but that's not an argument. Something will shake out. And, in my opinion it will be a binary answer. Either the doubters will be right; or you will be right. My view is that the doubters are currently in pole position.
Of course, if the cyptos stabilise, the heavy duty speculators and market manipulators will no longer have a reason to hold, buy or sell them. If they don't stabilise, they are virtually useless to the man in the street. One thing is for sure, a fair few people will have made some money and had some fun. And a fair few people will have lost a lot of money and with it probably their wellbeing.
Lol. Since when? The doubters have been catastrophically, $1 trillion market cap wrong so far, how are they in pole position?
/biz/ is the place of scammers and shills nowadays, but every so often a whale posts something that’s freakishly accurate
I mean, this is hopium, and might just be a whale trying to create the pump for the bull trap
Is that some sort of crypto forum mate? Like you say, would be great if this was the case, but who knows. As you say, bull trap could be equally as possible
$20k of volatilty in price today.... we started the day at 42k, went down to 29k, now we’re at 40k. If you were a decent scalper or traded volatility today you couldve made a fortune
$20k of volatilty in price today.... we started the day at 42k, went down to 29k, now we’re at 40k. If you were a decent scalper or traded volatility today you couldve made a fortune
Yeah except that since Crypto has no intrinsic value, no one knows when to make such moves. Nor can they. Remember that millions of purchase transactions happened at $62,500 just a month ago.
$20k of volatilty in price today.... we started the day at 42k, went down to 29k, now we’re at 40k. If you were a decent scalper or traded volatility today you couldve made a fortune
Yeah except that since Crypto has no intrinsic value, no one knows when to make such moves. Nor can they. Remember that millions of purchase transactions happened at $62,500 just a month ago.
$20k of volatilty in price today.... we started the day at 42k, went down to 29k, now we’re at 40k. If you were a decent scalper or traded volatility today you couldve made a fortune
Yeah except that since Crypto has no intrinsic value, no one knows when to make such moves. Nor can they. Remember that millions of purchase transactions happened at $62,500 just a month ago.
$20k of volatilty in price today.... we started the day at 42k, went down to 29k, now we’re at 40k. If you were a decent scalper or traded volatility today you couldve made a fortune
Yeah except that since Crypto has no intrinsic value, no one knows when to make such moves. Nor can they. Remember that millions of purchase transactions happened at $62,500 just a month ago.
Pyramid schemes collapse eventually.
Yes, they face a downturn, collapse and disappear. They don’t continuously break all time highs aftewards, like bitcoin and crypto has.
You gotta love all those coming out the woodwork that were the ones that said bitcoin would go down to nothing in 2017 when it was trading at $10,000, good thing you guys aren’t financial advisors, oh.. wait...
I decided to dabble in Crypto for the first time a couple weeks ago am I the worst investor on Charlton Life? I’ve seen nothing but red.
Feels very similar to 2017 when I first bought ETH at it's ath. A few weeks ago I bought BTC for the first time, also at it's ath. I think I'm worse.
Nah, there’s a bloke on here who sold Bitcoin at 8k and then came back in to buy at 38k this week...funny enough he’s got a very similar name to one of the most sensible posters on the Savings and Investments thread...
Don't know who you mean, but if you mean THE most sensible poster on the S&I thread then he's probably bought and sold a number of times in that intervening period banking profits (small, sub 10%) along the way rather than holding forever, probably bought twice today as well and took his 11% profit a couple of hours ago when his sell trigger price of $40k was reached......... which he'll probably use to cover a few away days next year
Theres never a bad time to take a profit, especially double digit % in less than 12 hours.
PS, jokes aside I'm not as bullish as some on BTC etc as it does concern me the longevity and high volatility (but I'm certainly not the expert nor that knowledgeable), but I just dabble with relatively small amounts, set buy and sell prices as well as stop loss and generally never hold for much more than a few days.
You gotta love all those coming out the woodwork that were the ones that said bitcoin would go down to nothing in 2017 when it was trading at $10,000, good thing you guys aren’t financial advisors, oh.. wait...
I just read the 2017 comments, I can't see that anyone said that.
I have made no secret of the fact that I dont have a massive understanding of crypto but to me the age old saying of "never gamble what you dont want to lose " holds true with crypto. Anything that has such massive rises and falls in such a short space of time can only be seen as a punt imo. One of the biggest problems with the market is that is unregulated, which leaves the whole thing open to market manipulation by heavy weight investors. Nobody would be able to convince me that Elon Musk has done just that for his own benefit. If it was a regulated marketplace I would think he would be classed as sailing close to the wind of legality
Comments
To be fair I think it was only yourself that ridiculed me.
Anyway, you seem to live & breathe cryptos 24/7, I'm not sure how you manage it, unless you are not studying/working.
My warning wasn't aimed at you and others that know what they are doing.
But others getting sucked in.
I hope everyone is still in profit, I really do.
Today we have the news that China (the place responsible for the vast majority of bitcoin mining), saying it has banned financial institutions from providing services relating to transactions in cyptos.
Probably what caused the run.
Last month we had the Bank of England announce that it, the Govt and FCA are working on introducing a CBDC, that is a virtual pound sterling.
So, it seems sure that crypto has a future. Just not necessarily the one everyone invested in the vast array of flakey products might be hoping for.
Sure, I know all about the secrecy stuff and what have you, but at the end of the day it is impossible to use something as a virtual currency when you have no idea what it might actually buy you in an hour, let alone tomorrow. The swings are just too wild. You might just as well lob your money into the Venezuelan bolívar. The products out there now will be replaced by something more stable. That means something with some actual backing and usability. What's out there now compared to proper Government backed virtual currencies would be like comparing a Sinclair C5 to a Tesla.
The fact that Goldman Sachs has a trading desk for cryptos means nothing. It adds no kudos to the products. Goldman Sachs would be quite happy selling anything to anybody as long as they could make a turn on it. It is after all only six months or so since the FCA fined Goldman Sachs £97mn for serious risk management failures. I'd not be using them as a ringing endorsement frankly.
You are a strange chap at times.
I'll not be replying again today.
If I bought myself a new car last week at £10k, then was able to go out today and buy my wife one for £6k, would I be happy?
Of course, if the cyptos stabilise, the heavy duty speculators and market manipulators will no longer have a reason to hold, buy or sell them. If they don't stabilise, they are virtually useless to the man in the street. One thing is for sure, a fair few people will have made some money and had some fun. And a fair few people will have lost a lot of money and with it probably their wellbeing.
Theres never a bad time to take a profit, especially double digit % in less than 12 hours.
PS, jokes aside I'm not as bullish as some on BTC etc as it does concern me the longevity and high volatility (but I'm certainly not the expert nor that knowledgeable), but I just dabble with relatively small amounts, set buy and sell prices as well as stop loss and generally never hold for much more than a few days.
One of the biggest problems with the market is that is unregulated, which leaves the whole thing open to market manipulation by heavy weight investors. Nobody would be able to convince me that Elon Musk has done just that for his own benefit. If it was a regulated marketplace I would think he would be classed as sailing close to the wind of legality