Bought at £41,285, £31,425, £40,436, £38,560, £37,296, £35,192, £39,255, £29,450, £28,189, £25,736. Current £25,136
Etherium Bought at
£1993 Current
£1500
Ankr
Bought at
£0.1351 & £0.1252 Current
£0.0713
OMG
Bought at
£8.57 Current £3.08
iExec
Bought at
£12.53 Current £3.63
Yearn Finance
Bought at £39,628 & £22,970 Current
£22,005
Polygon
Bought at £1.37 & £1.07 Current £0.67
Just thought I'd cheer everyone up, that has had a bad week. I'm pretty sure I must have smashed into a cattery or similar to have such luck (or poor judgement).;
Ok now we know who is to blame. Your a jinx mate 😂
My lot are looking pretty much like yours tbh. Fortunately I havent got life changing money in any of them so that's the only relief. I think they will come back but may take some. I expect Elon is more concerned than we are mate I would think he is sweating right now lol
As a retail investor, I have no idea why other retail investors are selling right now if they bought in the last few months. I appreciate some of them will have been hit quite hard if they came in around the $50k plus mark, but if you are selling on a loss, you’re just giving your money to others who are going to come in and buy the dip. As horrible as it is for me and I am sure others to wake up and see red everyday, it just has to be ridden out. Even if that doesn’t happen until 2022
Bought at £41,285, £31,425, £40,436, £38,560, £37,296, £35,192, £39,255, £29,450, £28,189, £25,736. Current £25,136
Etherium Bought at
£1993 Current
£1500
Ankr
Bought at
£0.1351 & £0.1252 Current
£0.0713
OMG
Bought at
£8.57 Current £3.08
iExec
Bought at
£12.53 Current £3.63
Yearn Finance
Bought at £39,628 & £22,970 Current
£22,005
Polygon
Bought at £1.37 & £1.07 Current £0.67
Just thought I'd cheer everyone up, that has had a bad week. I'm pretty sure I must have smashed into a cattery or similar to have such luck (or poor judgement).;
Ok now we know who is to blame. Your a jinx mate 😂
My lot are looking pretty much like yours tbh. Fortunately I havent got life changing money in any of them so that's the only relief. I think they will come back but may take some. I expect Elon is more concerned than we are mate I would think he is sweating right now lol
As a retail investor, I have no idea why other retail investors are selling right now if they bought in the last few months. I appreciate some of them will have been hit quite hard if they came in around the $50k plus mark, but if you are selling on a loss, you’re just giving your money to others who are going to come in and buy the dip. As horrible as it is for me and I am sure others to wake up and see red everyday, it just has to be ridden out. Even if that doesn’t happen until 2022
How low can it go?
I’m pretty new to all this, but I read anything from 10-20k. Some of the other coins could disappear as far as I understand it. I get shorting btc, that makes perfect sense if the price dips etc, we get into a bear market, but selling at this point doesn’t make any sense to me
Bought at £41,285, £31,425, £40,436, £38,560, £37,296, £35,192, £39,255, £29,450, £28,189, £25,736. Current £25,136
Etherium Bought at
£1993 Current
£1500
Ankr
Bought at
£0.1351 & £0.1252 Current
£0.0713
OMG
Bought at
£8.57 Current £3.08
iExec
Bought at
£12.53 Current £3.63
Yearn Finance
Bought at £39,628 & £22,970 Current
£22,005
Polygon
Bought at £1.37 & £1.07 Current £0.67
Just thought I'd cheer everyone up, that has had a bad week. I'm pretty sure I must have smashed into a cattery or similar to have such luck (or poor judgement).;
Ok now we know who is to blame. Your a jinx mate 😂
My lot are looking pretty much like yours tbh. Fortunately I havent got life changing money in any of them so that's the only relief. I think they will come back but may take some. I expect Elon is more concerned than we are mate I would think he is sweating right now lol
As a retail investor, I have no idea why other retail investors are selling right now if they bought in the last few months. I appreciate some of them will have been hit quite hard if they came in around the $50k plus mark, but if you are selling on a loss, you’re just giving your money to others who are going to come in and buy the dip. As horrible as it is for me and I am sure others to wake up and see red everyday, it just has to be ridden out. Even if that doesn’t happen until 2022
Thats sensible investing, for me, with Bitcoin, when it slides it slides, when it goes up it goes up usually a decent amount.
Thats why I set a stop loss, as the chances are, if I sell at 7.5%-10% below what I bought I'll be buying it again at another 10% off.
If at 40k you thought it was going to keep going down, sell at 40k and buy back again at a lower price.
The mistake people make IMHO (no offence to anyone) is buying and holding for long periods, yes you may get large rewards, but also large losses, for me with bitcoin if I can get in and out with 12-24 hours with a 5% profit, what's not to like? It's too volatile to hold for long.
Bought at £41,285, £31,425, £40,436, £38,560, £37,296, £35,192, £39,255, £29,450, £28,189, £25,736. Current £25,136
Etherium Bought at
£1993 Current
£1500
Ankr
Bought at
£0.1351 & £0.1252 Current
£0.0713
OMG
Bought at
£8.57 Current £3.08
iExec
Bought at
£12.53 Current £3.63
Yearn Finance
Bought at £39,628 & £22,970 Current
£22,005
Polygon
Bought at £1.37 & £1.07 Current £0.67
Just thought I'd cheer everyone up, that has had a bad week. I'm pretty sure I must have smashed into a cattery or similar to have such luck (or poor judgement).;
Ok now we know who is to blame. Your a jinx mate 😂
My lot are looking pretty much like yours tbh. Fortunately I havent got life changing money in any of them so that's the only relief. I think they will come back but may take some. I expect Elon is more concerned than we are mate I would think he is sweating right now lol
As a retail investor, I have no idea why other retail investors are selling right now if they bought in the last few months. I appreciate some of them will have been hit quite hard if they came in around the $50k plus mark, but if you are selling on a loss, you’re just giving your money to others who are going to come in and buy the dip. As horrible as it is for me and I am sure others to wake up and see red everyday, it just has to be ridden out. Even if that doesn’t happen until 2022
Thats sensible investing, for me, with Bitcoin, when it slides it slides, when it goes up it goes up usually a decent amount.
Thats why I set a stop loss, as the chances are, if I sell at 7.5%-10% below what I bought I'll be buying it again at another 10% off.
If at 40k you thought it was going to keep going down, sell at 40k and buy back again at a lower price.
The mistake people make IMHO (no offence to anyone) is buying and holding for long periods, yes you may get large rewards, but also large losses, for me with bitcoin if I can get in and out with 12-24 hours with a 5% profit, what's not to like? It's too volatile to hold for long.
Aha. Like Baldrick's cunning plan it wasn't that smart.
I have bought to hold Bitcoin or sell when up the others, but FFS I've never really been up on anything I've bought. My first purchase was £2k Bitcoin at £41,285, which was at it peak (or near) in February. Since then it's never come back up. So I've bought in the dips, hoping that it'll eventually come back stronger. As for the others I've watched a few go up and down and when they were down I bought, only they seem to have gone down, again and again. If anyone wants to know what to avoid, see me, lol. My main asset (I'm using the term loosely) is Bitcoin which makes up for about 80% of my portfolio. The others were bought on a whim at random. Essentially with the purchase and selling fees on Coinbase I need a 7%+ swing up to see any profit at all, hence my holding, or hodling.
Bought at £41,285, £31,425, £40,436, £38,560, £37,296, £35,192, £39,255, £29,450, £28,189, £25,736. Current £25,136
Etherium Bought at
£1993 Current
£1500
Ankr
Bought at
£0.1351 & £0.1252 Current
£0.0713
OMG
Bought at
£8.57 Current £3.08
iExec
Bought at
£12.53 Current £3.63
Yearn Finance
Bought at £39,628 & £22,970 Current
£22,005
Polygon
Bought at £1.37 & £1.07 Current £0.67
Just thought I'd cheer everyone up, that has had a bad week. I'm pretty sure I must have smashed into a cattery or similar to have such luck (or poor judgement).;
Ok now we know who is to blame. Your a jinx mate 😂
My lot are looking pretty much like yours tbh. Fortunately I havent got life changing money in any of them so that's the only relief. I think they will come back but may take some. I expect Elon is more concerned than we are mate I would think he is sweating right now lol
As a retail investor, I have no idea why other retail investors are selling right now if they bought in the last few months. I appreciate some of them will have been hit quite hard if they came in around the $50k plus mark, but if you are selling on a loss, you’re just giving your money to others who are going to come in and buy the dip. As horrible as it is for me and I am sure others to wake up and see red everyday, it just has to be ridden out. Even if that doesn’t happen until 2022
Thats sensible investing, for me, with Bitcoin, when it slides it slides, when it goes up it goes up usually a decent amount.
Thats why I set a stop loss, as the chances are, if I sell at 7.5%-10% below what I bought I'll be buying it again at another 10% off.
If at 40k you thought it was going to keep going down, sell at 40k and buy back again at a lower price.
The mistake people make IMHO (no offence to anyone) is buying and holding for long periods, yes you may get large rewards, but also large losses, for me with bitcoin if I can get in and out with 12-24 hours with a 5% profit, what's not to like? It's too volatile to hold for long.
Problem is a lot of people don’t know where to place their take profit or even when to trade. You can just as easily lose 10% as gain 10% in a short period.
holding over a long period (years) is almost guaranteed significant profit. If you’re willing to stomach some significant unrealised losses in the meantime.
Bought at £41,285, £31,425, £40,436, £38,560, £37,296, £35,192, £39,255, £29,450, £28,189, £25,736. Current £25,136
Etherium Bought at
£1993 Current
£1500
Ankr
Bought at
£0.1351 & £0.1252 Current
£0.0713
OMG
Bought at
£8.57 Current £3.08
iExec
Bought at
£12.53 Current £3.63
Yearn Finance
Bought at £39,628 & £22,970 Current
£22,005
Polygon
Bought at £1.37 & £1.07 Current £0.67
Just thought I'd cheer everyone up, that has had a bad week. I'm pretty sure I must have smashed into a cattery or similar to have such luck (or poor judgement).;
Ok now we know who is to blame. Your a jinx mate 😂
My lot are looking pretty much like yours tbh. Fortunately I havent got life changing money in any of them so that's the only relief. I think they will come back but may take some. I expect Elon is more concerned than we are mate I would think he is sweating right now lol
As a retail investor, I have no idea why other retail investors are selling right now if they bought in the last few months. I appreciate some of them will have been hit quite hard if they came in around the $50k plus mark, but if you are selling on a loss, you’re just giving your money to others who are going to come in and buy the dip. As horrible as it is for me and I am sure others to wake up and see red everyday, it just has to be ridden out. Even if that doesn’t happen until 2022
Thats sensible investing, for me, with Bitcoin, when it slides it slides, when it goes up it goes up usually a decent amount.
Thats why I set a stop loss, as the chances are, if I sell at 7.5%-10% below what I bought I'll be buying it again at another 10% off.
If at 40k you thought it was going to keep going down, sell at 40k and buy back again at a lower price.
The mistake people make IMHO (no offence to anyone) is buying and holding for long periods, yes you may get large rewards, but also large losses, for me with bitcoin if I can get in and out with 12-24 hours with a 5% profit, what's not to like? It's too volatile to hold for long.
Problem is a lot of people don’t know where to place their take profit or even when to trade. You can just as easily lose 10% as gain 10% in a short period.
holding over a long period (years) is almost guaranteed significant profit. If you’re willing to stomach some significant unrealised losses in the meantime.
Agree with what you said Rob, I was talking in terms of people who perhaps have just spot traded and bought at say $50k plus and they now see it at $36k. If they haven’t taken a stop loss, why not just hold?
Bought at £41,285, £31,425, £40,436, £38,560, £37,296, £35,192, £39,255, £29,450, £28,189, £25,736. Current £25,136
Etherium Bought at
£1993 Current
£1500
Ankr
Bought at
£0.1351 & £0.1252 Current
£0.0713
OMG
Bought at
£8.57 Current £3.08
iExec
Bought at
£12.53 Current £3.63
Yearn Finance
Bought at £39,628 & £22,970 Current
£22,005
Polygon
Bought at £1.37 & £1.07 Current £0.67
Just thought I'd cheer everyone up, that has had a bad week. I'm pretty sure I must have smashed into a cattery or similar to have such luck (or poor judgement).;
Ok now we know who is to blame. Your a jinx mate 😂
My lot are looking pretty much like yours tbh. Fortunately I havent got life changing money in any of them so that's the only relief. I think they will come back but may take some. I expect Elon is more concerned than we are mate I would think he is sweating right now lol
As a retail investor, I have no idea why other retail investors are selling right now if they bought in the last few months. I appreciate some of them will have been hit quite hard if they came in around the $50k plus mark, but if you are selling on a loss, you’re just giving your money to others who are going to come in and buy the dip. As horrible as it is for me and I am sure others to wake up and see red everyday, it just has to be ridden out. Even if that doesn’t happen until 2022
Thats sensible investing, for me, with Bitcoin, when it slides it slides, when it goes up it goes up usually a decent amount.
Thats why I set a stop loss, as the chances are, if I sell at 7.5%-10% below what I bought I'll be buying it again at another 10% off.
If at 40k you thought it was going to keep going down, sell at 40k and buy back again at a lower price.
The mistake people make IMHO (no offence to anyone) is buying and holding for long periods, yes you may get large rewards, but also large losses, for me with bitcoin if I can get in and out with 12-24 hours with a 5% profit, what's not to like? It's too volatile to hold for long.
Problem is a lot of people don’t know where to place their take profit or even when to trade. You can just as easily lose 10% as gain 10% in a short period.
holding over a long period (years) is almost guaranteed significant profit. If you’re willing to stomach some significant unrealised losses in the meantime.
I took what you (and others) said at th outset. Go long, if you can afford to leave the money invested. That's still the plan, although as you say, having the stomach for it takes willpower. There have been a few times where I've jumped after a fall only to see the next day go up way past my original purchase price, thus a hold would've resulted in profit. A learning curve/lesson. I'm still going for long term holding. 5 years is the aim.
On this point is there any thoughts on which coin you would hold for long term aim, other than Bitcoin, Ethereum etc. Cheers for all the advice thus far.
Bought at £41,285, £31,425, £40,436, £38,560, £37,296, £35,192, £39,255, £29,450, £28,189, £25,736. Current £25,136
Etherium Bought at
£1993 Current
£1500
Ankr
Bought at
£0.1351 & £0.1252 Current
£0.0713
OMG
Bought at
£8.57 Current £3.08
iExec
Bought at
£12.53 Current £3.63
Yearn Finance
Bought at £39,628 & £22,970 Current
£22,005
Polygon
Bought at £1.37 & £1.07 Current £0.67
Just thought I'd cheer everyone up, that has had a bad week. I'm pretty sure I must have smashed into a cattery or similar to have such luck (or poor judgement).;
Ok now we know who is to blame. Your a jinx mate 😂
My lot are looking pretty much like yours tbh. Fortunately I havent got life changing money in any of them so that's the only relief. I think they will come back but may take some. I expect Elon is more concerned than we are mate I would think he is sweating right now lol
As a retail investor, I have no idea why other retail investors are selling right now if they bought in the last few months. I appreciate some of them will have been hit quite hard if they came in around the $50k plus mark, but if you are selling on a loss, you’re just giving your money to others who are going to come in and buy the dip. As horrible as it is for me and I am sure others to wake up and see red everyday, it just has to be ridden out. Even if that doesn’t happen until 2022
Thats sensible investing, for me, with Bitcoin, when it slides it slides, when it goes up it goes up usually a decent amount.
Thats why I set a stop loss, as the chances are, if I sell at 7.5%-10% below what I bought I'll be buying it again at another 10% off.
If at 40k you thought it was going to keep going down, sell at 40k and buy back again at a lower price.
The mistake people make IMHO (no offence to anyone) is buying and holding for long periods, yes you may get large rewards, but also large losses, for me with bitcoin if I can get in and out with 12-24 hours with a 5% profit, what's not to like? It's too volatile to hold for long.
Problem is a lot of people don’t know where to place their take profit or even when to trade. You can just as easily lose 10% as gain 10% in a short period.
holding over a long period (years) is almost guaranteed significant profit. If you’re willing to stomach some significant unrealised losses in the meantime.
Agree with what you said Rob, I was talking in terms of people who perhaps have just spot traded and bought at say $50k plus and they now see it at $36k. If they haven’t taken a stop loss, why not just hold?
If you believe it's going to fall further then sell and buy again if it does.
Finding this thread really interesting. I'm an equity trader by profession. I really don't understand crypto and haven't got involved for that exact reason, but respect anyone that is getting enjoyment (and/or returns from it!)
Biggest thing retail struggle with is profit taking. It appears to be almost non-existent with the majority. It's easy to bemoan that I didn't stick 10k in when BTC <2k like a few others I know did, but equally, my style of investing would mean that when it got to anything like a +50% return Id have probably taken it out then as those % returns are incredible! If you've jumped in at Xmas around the 25k mark and its hitting 50k...profit taking appears wise to me. Easy to backtrade now, but I bet a fair few in that boat are now wishing they did and have the oppo to buy back lower down if they still believe in the asset.
If we were talking about investing in funds, absolutely its a long run thing and deposit/don't return to look for a year or two, but I think a lot of people are missing the point that crypto is becoming the go-too for FOMO retail punters, those with more disposal cash after a year of lockdown savings trying to beat the pitiful bank interest rates and is now exposed to extreme volatility and straddling that fine line between investing/gambling.
Article on Bloomberg over the weekend discussing the implied volatility on Bitcoin and comparing to the VIX which measures US equity markets vol. The implied on BTC sits higher than the stock mkt version has ever reached in 30 years. If you can scalp this market well, you are absolutely quids in and it seems like there's a lot of knowledgeable guys out there and on this thread with some semblance of a strategy. Just fear for a lot of others getting involved that this is one of the riskiest investments going and you've got to have some ownership that this may cost a lot of cash, panic and stress as a result. Get rich quick schemes generally do not exist for all in the long run.
For the record, not knocking anyone whatsoever on here or wider crypto community - purely an observation on the last couple of weeks!
Bought at £41,285, £31,425, £40,436, £38,560, £37,296, £35,192, £39,255, £29,450, £28,189, £25,736. Current £25,136
Etherium Bought at
£1993 Current
£1500
Ankr
Bought at
£0.1351 & £0.1252 Current
£0.0713
OMG
Bought at
£8.57 Current £3.08
iExec
Bought at
£12.53 Current £3.63
Yearn Finance
Bought at £39,628 & £22,970 Current
£22,005
Polygon
Bought at £1.37 & £1.07 Current £0.67
Just thought I'd cheer everyone up, that has had a bad week. I'm pretty sure I must have smashed into a cattery or similar to have such luck (or poor judgement).;
Ok now we know who is to blame. Your a jinx mate 😂
My lot are looking pretty much like yours tbh. Fortunately I havent got life changing money in any of them so that's the only relief. I think they will come back but may take some. I expect Elon is more concerned than we are mate I would think he is sweating right now lol
As a retail investor, I have no idea why other retail investors are selling right now if they bought in the last few months. I appreciate some of them will have been hit quite hard if they came in around the $50k plus mark, but if you are selling on a loss, you’re just giving your money to others who are going to come in and buy the dip. As horrible as it is for me and I am sure others to wake up and see red everyday, it just has to be ridden out. Even if that doesn’t happen until 2022
Thats sensible investing, for me, with Bitcoin, when it slides it slides, when it goes up it goes up usually a decent amount.
Thats why I set a stop loss, as the chances are, if I sell at 7.5%-10% below what I bought I'll be buying it again at another 10% off.
If at 40k you thought it was going to keep going down, sell at 40k and buy back again at a lower price.
The mistake people make IMHO (no offence to anyone) is buying and holding for long periods, yes you may get large rewards, but also large losses, for me with bitcoin if I can get in and out with 12-24 hours with a 5% profit, what's not to like? It's too volatile to hold for long.
Problem is a lot of people don’t know where to place their take profit or even when to trade. You can just as easily lose 10% as gain 10% in a short period.
holding over a long period (years) is almost guaranteed significant profit. If you’re willing to stomach some significant unrealised losses in the meantime.
Not sure I agree (with any degree of certainty) that regardless of price bought holding for a long period is almost a guaranteed profit.
With any investment I would always start from 1. What is it you are trying to achieve and 2. (on the assumption it's a profit!) what is that acceptable profit and 3. what are you prepared to risk to achieve that desired profit.
In less than 6 months I only need about another 12% and I've doubled my money, from trading in and out and taking profits along the way as well as a few times taking some losses. I don't think I could have achieved that buying at any point in the last 6 months even if I could call the very bottom of the price range and the very top.
Everyone is different and needs to make their own calls. But in something so volatile as Bitcoin etc long term hold needs nerve and I'm not sure the overall potential gain is worth the risk compared to taking smaller profits (and losses) along the way. I think BC was about 38k when I started, it's not been near 75k to double my money and of course I've locked in profit along the way.
At some point you need to crystallise the profit (hopefully) and by doing so gives you more money to leverage, i.e. compounding, you can't compound If you never crystallise.
Finding this thread really interesting. I'm an equity trader by profession. I really don't understand crypto and haven't got involved for that exact reason, but respect anyone that is getting enjoyment (and/or returns from it!)
Biggest thing retail struggle with is profit taking. It appears to be almost non-existent with the majority. It's easy to bemoan that I didn't stick 10k in when BTC <2k like a few others I know did, but equally, my style of investing would mean that when it got to anything like a +50% return Id have probably taken it out then as those % returns are incredible! If you've jumped in at Xmas around the 25k mark and its hitting 50k...profit taking appears wise to me. Easy to backtrade now, but I bet a fair few in that boat are now wishing they did and have the oppo to buy back lower down if they still believe in the asset.
If we were talking about investing in funds, absolutely its a long run thing and deposit/don't return to look for a year or two, but I think a lot of people are missing the point that crypto is becoming the go-too for FOMO retail punters, those with more disposal cash after a year of lockdown savings trying to beat the pitiful bank interest rates and is now exposed to extreme volatility and straddling that fine line between investing/gambling.
Article on Bloomberg over the weekend discussing the implied volatility on Bitcoin and comparing to the VIX which measures US equity markets vol. The implied on BTC sits higher than the stock mkt version has ever reached in 30 years. If you can scalp this market well, you are absolutely quids in and it seems like there's a lot of knowledgeable guys out there and on this thread with some semblance of a strategy. Just fear for a lot of others getting involved that this is one of the riskiest investments going and you've got to have some ownership that this may cost a lot of cash, panic and stress as a result. Get rich quick schemes generally do not exist for all in the long run.
For the record, not knocking anyone whatsoever on here or wider crypto community - purely an observation on the last couple of weeks!
Finding this thread really interesting. I'm an equity trader by profession. I really don't understand crypto and haven't got involved for that exact reason, but respect anyone that is getting enjoyment (and/or returns from it!)
Biggest thing retail struggle with is profit taking. It appears to be almost non-existent with the majority. It's easy to bemoan that I didn't stick 10k in when BTC <2k like a few others I know did, but equally, my style of investing would mean that when it got to anything like a +50% return Id have probably taken it out then as those % returns are incredible! If you've jumped in at Xmas around the 25k mark and its hitting 50k...profit taking appears wise to me. Easy to backtrade now, but I bet a fair few in that boat are now wishing they did and have the oppo to buy back lower down if they still believe in the asset.
If we were talking about investing in funds, absolutely its a long run thing and deposit/don't return to look for a year or two, but I think a lot of people are missing the point that crypto is becoming the go-too for FOMO retail punters, those with more disposal cash after a year of lockdown savings trying to beat the pitiful bank interest rates and is now exposed to extreme volatility and straddling that fine line between investing/gambling.
Article on Bloomberg over the weekend discussing the implied volatility on Bitcoin and comparing to the VIX which measures US equity markets vol. The implied on BTC sits higher than the stock mkt version has ever reached in 30 years. If you can scalp this market well, you are absolutely quids in and it seems like there's a lot of knowledgeable guys out there and on this thread with some semblance of a strategy. Just fear for a lot of others getting involved that this is one of the riskiest investments going and you've got to have some ownership that this may cost a lot of cash, panic and stress as a result. Get rich quick schemes generally do not exist for all in the long run.
For the record, not knocking anyone whatsoever on here or wider crypto community - purely an observation on the last couple of weeks!
Bought at £41,285, £31,425, £40,436, £38,560, £37,296, £35,192, £39,255, £29,450, £28,189, £25,736. Current £25,136
Etherium Bought at
£1993 Current
£1500
Ankr
Bought at
£0.1351 & £0.1252 Current
£0.0713
OMG
Bought at
£8.57 Current £3.08
iExec
Bought at
£12.53 Current £3.63
Yearn Finance
Bought at £39,628 & £22,970 Current
£22,005
Polygon
Bought at £1.37 & £1.07 Current £0.67
Just thought I'd cheer everyone up, that has had a bad week. I'm pretty sure I must have smashed into a cattery or similar to have such luck (or poor judgement).;
Ok now we know who is to blame. Your a jinx mate 😂
My lot are looking pretty much like yours tbh. Fortunately I havent got life changing money in any of them so that's the only relief. I think they will come back but may take some. I expect Elon is more concerned than we are mate I would think he is sweating right now lol
As a retail investor, I have no idea why other retail investors are selling right now if they bought in the last few months. I appreciate some of them will have been hit quite hard if they came in around the $50k plus mark, but if you are selling on a loss, you’re just giving your money to others who are going to come in and buy the dip. As horrible as it is for me and I am sure others to wake up and see red everyday, it just has to be ridden out. Even if that doesn’t happen until 2022
Thats sensible investing, for me, with Bitcoin, when it slides it slides, when it goes up it goes up usually a decent amount.
Thats why I set a stop loss, as the chances are, if I sell at 7.5%-10% below what I bought I'll be buying it again at another 10% off.
If at 40k you thought it was going to keep going down, sell at 40k and buy back again at a lower price.
The mistake people make IMHO (no offence to anyone) is buying and holding for long periods, yes you may get large rewards, but also large losses, for me with bitcoin if I can get in and out with 12-24 hours with a 5% profit, what's not to like? It's too volatile to hold for long.
Problem is a lot of people don’t know where to place their take profit or even when to trade. You can just as easily lose 10% as gain 10% in a short period.
holding over a long period (years) is almost guaranteed significant profit. If you’re willing to stomach some significant unrealised losses in the meantime.
Not sure I agree (with any degree of certainty) that regardless of price bought holding for a long period is almost a guaranteed profit.
With any investment I would always start from 1. What is it you are trying to achieve and 2. (on the assumption it's a profit!) what is that acceptable profit and 3. what are you prepared to risk to achieve that desired profit.
In less than 6 months I only need about another 12% and I've doubled my money, from trading in and out and taking profits along the way as well as a few times taking some losses. I don't think I could have achieved that buying at any point in the last 6 months even if I could call the very bottom of the price range and the very top.
Everyone is different and needs to make their own calls. But in something so volatile as Bitcoin etc long term hold needs nerve and I'm not sure the overall potential gain is worth the risk compared to taking smaller profits (and losses) along the way. I think BC was about 38k when I started, it's not been near 75k to double my money and of course I've locked in profit along the way.
At some point you need to crystallise the profit (hopefully) and by doing so gives you more money to leverage, i.e. compounding, you can't compound If you never crystallise.
Just doubled my money on Matic. Bought yesterday really low price, would normally have left it but after listening to the advice on here cashed out! Take the profits!
Just doubled my money on Matic. Bought yesterday really low price, would normally have left it but after listening to the advice on here cashed out! Take the profits!
Still way down on Matic. Bought in at £1.07 & £1.37 (current £1.07) so need about £1.30 before I break even.
Another I've kept my eye on is Maker. Has some big swings in th past and always bounced back up. If i had any money left to lose I'd have bought some yesterday when £1300-1400 (current £2400+).
Some interesting points as ever on this thread. I'd disagree somewhat on the point about buying and holding not being the right strategy....ultimately it's proved to be the best one to date! I guess it's each to their own really and I know what suits me may not suit someone else. I think having the right amount is probably the key, and again that is down to personal circumstance.... I sometimes think I don't have enough, but then think if it goes to zero it's just about OK....so suggests I've got about the right amount. I certainly couldn't have the patience/commitment to trade some of these intraday moves.
Personally view this as a very long-term position to have, and that horizon has extended from a few years when I first got involved to today thinking closer to 20yrs!!!
Crypto commenters, nice little boost from this, good long term??
He’s engineered this quite well no doubt. The bounce back is good, but personally it needs to go up even further for me to see some profits, short term anyway. Some of them have jumped 50% today, so they’ll be some real winners today
Just looked on moonlet for the first time in a few weeks, when did the zil staking reqards change? Down to 11.9% now.
Part of the recent release. Block time decreased though so evens out over the long run.
How does that work ?, its APY
Ahhhh, okay. Could just be increase in amount being staked then. More ZIL staked = lower rewards.
@shine166 Just seen this was an issue with the last upgrade, will be sorted on Thursday with some fixes.
Pre upgrade - Cycle was 1800 blocks which was mined in 26.45hrs. 1.98m ZIL rewarded per cycle, APR was 13.75% Current version - Cycle is 2200 blocks which is mined in 23.83hrs. 1.54m ZIL rewarded per cycle, APR is 11.94% New version - Cycle will be 2200 blocks which will be mined in 23.91hrs. 1.8m ZIL rewarded per cycle, APR will be 13.8%.
I was saying similar last week mate. He is plainly manipulating the market all very dodgy if you ask me.
He's talking shit as per his previous Doge developer comment. If he said Chinese miners it'd be have been a tiny bit more believable as they account for about 90% of all btc mining ops.
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Thats why I set a stop loss, as the chances are, if I sell at 7.5%-10% below what I bought I'll be buying it again at another 10% off.
If at 40k you thought it was going to keep going down, sell at 40k and buy back again at a lower price.
The mistake people make IMHO (no offence to anyone) is buying and holding for long periods, yes you may get large rewards, but also large losses, for me with bitcoin if I can get in and out with 12-24 hours with a 5% profit, what's not to like? It's too volatile to hold for long.
Prince-e-Paul what you doing! Looks like you just keep on buying regardless!
I have bought to hold Bitcoin or sell when up the others, but FFS I've never really been up on anything I've bought. My first purchase was £2k Bitcoin at £41,285, which was at it peak (or near) in February. Since then it's never come back up. So I've bought in the dips, hoping that it'll eventually come back stronger. As for the others I've watched a few go up and down and when they were down I bought, only they seem to have gone down, again and again. If anyone wants to know what to avoid, see me, lol. My main asset (I'm using the term loosely) is Bitcoin which makes up for about 80% of my portfolio. The others were bought on a whim at random. Essentially with the purchase and selling fees on Coinbase I need a 7%+ swing up to see any profit at all, hence my holding, or hodling.
holding over a long period (years) is almost guaranteed significant profit. If you’re willing to stomach some significant unrealised losses in the meantime.
On this point is there any thoughts on which coin you would hold for long term aim, other than Bitcoin, Ethereum etc.
Cheers for all the advice thus far.
on it for a year or 2, make sure you stake.
Biggest thing retail struggle with is profit taking. It appears to be almost non-existent with the majority. It's easy to bemoan that I didn't stick 10k in when BTC <2k like a few others I know did, but equally, my style of investing would mean that when it got to anything like a +50% return Id have probably taken it out then as those % returns are incredible! If you've jumped in at Xmas around the 25k mark and its hitting 50k...profit taking appears wise to me. Easy to backtrade now, but I bet a fair few in that boat are now wishing they did and have the oppo to buy back lower down if they still believe in the asset.
If we were talking about investing in funds, absolutely its a long run thing and deposit/don't return to look for a year or two, but I think a lot of people are missing the point that crypto is becoming the go-too for FOMO retail punters, those with more disposal cash after a year of lockdown savings trying to beat the pitiful bank interest rates and is now exposed to extreme volatility and straddling that fine line between investing/gambling.
Article on Bloomberg over the weekend discussing the implied volatility on Bitcoin and comparing to the VIX which measures US equity markets vol. The implied on BTC sits higher than the stock mkt version has ever reached in 30 years. If you can scalp this market well, you are absolutely quids in and it seems like there's a lot of knowledgeable guys out there and on this thread with some semblance of a strategy. Just fear for a lot of others getting involved that this is one of the riskiest investments going and you've got to have some ownership that this may cost a lot of cash, panic and stress as a result. Get rich quick schemes generally do not exist for all in the long run.
For the record, not knocking anyone whatsoever on here or wider crypto community - purely an observation on the last couple of weeks!
With any investment I would always start from 1. What is it you are trying to achieve and 2. (on the assumption it's a profit!) what is that acceptable profit and 3. what are you prepared to risk to achieve that desired profit.
In less than 6 months I only need about another 12% and I've doubled my money, from trading in and out and taking profits along the way as well as a few times taking some losses. I don't think I could have achieved that buying at any point in the last 6 months even if I could call the very bottom of the price range and the very top.
Everyone is different and needs to make their own calls. But in something so volatile as Bitcoin etc long term hold needs nerve and I'm not sure the overall potential gain is worth the risk compared to taking smaller profits (and losses) along the way. I think BC was about 38k when I started, it's not been near 75k to double my money and of course I've locked in profit along the way.
At some point you need to crystallise the profit (hopefully) and by doing so gives you more money to leverage, i.e. compounding, you can't compound If you never crystallise.
Another I've kept my eye on is Maker. Has some big swings in th past and always bounced back up. If i had any money left to lose I'd have bought some yesterday when £1300-1400 (current £2400+).
Personally view this as a very long-term position to have, and that horizon has extended from a few years when I first got involved to today thinking closer to 20yrs!!!
Can't help but feel it's crash again soon, everything seems to either drop or rise on the basis of a few tweets
Pre upgrade - Cycle was 1800 blocks which was mined in 26.45hrs. 1.98m ZIL rewarded per cycle, APR was 13.75%
Current version - Cycle is 2200 blocks which is mined in 23.83hrs. 1.54m ZIL rewarded per cycle, APR is 11.94%
New version - Cycle will be 2200 blocks which will be mined in 23.91hrs. 1.8m ZIL rewarded per cycle, APR will be 13.8%.