FFS I'm still £1200-1300, down across the board even with the recent rally. Annoyingly I bought in to Internet Computer a few weeks ago at what I thought was a good price. Sadly it remains at lower than 50% of my buy-in price. Think I need a new hobby!
FFS I'm still £1200-1300, down across the board even with the recent rally. Annoyingly I bought in to Internet Computer a few weeks ago at what I thought was a good price. Sadly it remains at lower than 50% of my buy-in price. Think I need a new hobby!
Just hold. I’m down, but you cannot have companies buying up $500m worth of btc that will be on their balance sheet unless it at some point will go up again. The tide is turning for crypto currency to become a valuable asset that a lot of money folk will want to hold as an asset. The volatility will likely be here for a while, you may see your holdings drop even further, but do not sell. I am new to all this, have sold in the red because I panicked, but having sat through the huge drop that happened a few weeks ago, and not sold, it’s possible to ride storms out.
FFS I'm still £1200-1300, down across the board even with the recent rally. Annoyingly I bought in to Internet Computer a few weeks ago at what I thought was a good price. Sadly it remains at lower than 50% of my buy-in price. Think I need a new hobby!
my 2c FWIW.
Trading bitcoin you either buy with a view to a long term (potentially years) of holding, or you trade in and out and set sensible stop losses and profit take amounts.
If you are doing the former and on the basis you know the risks, just buy, leave and stop looking daily at the price charts! Maybe to be safe stick a sell price at 3/4/5 times or whatever your original price was.
Short term pain coming. Stock market will drop as well, so I expect cryptos to follow
worries about inflation etc might be good for bitcoin though. Why keep your money in an inflationary asset (US Dollar) when you can put it into a deflationary one (bitcoin).
<blockquote class="twitter-tweet"><p lang="en" dir="ltr">The problem with <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc^tfw">#Crypto</a>, as in most things, is the leverage. If you don't know how much leverage is in crypto, you don't know anything about crypto, no matter how much else you think you know.</p>— Cassandra (@michaeljburry) <a href="
Anyone care to predict how low BTC will go, in the short term?
Finger in the air time!
Easy to forget where it's come from, 12 months ago was sub $10k, I could see it dropping back there. So that probably means we'll be at 80K before the end of July
And they’ve all been outrageously wrong, why is it different this time?
I agree. I respect your stance covered end. I just think that if the whole thing was about to go to s*** like that guy tweets, what CEO of a company would risk holding $500m of btc on his balance sheet, like Saylor is about to do at Microstrategy. As I understand it, one of the btc mining companies is also going to be listing in the U.S on Monday.
Warnings about volatility, risk and bear markets are useful contributions, as crypto social media is an echo chamber, but warnings about the whole thing dying on its arse and disappearing are starting to become redundant imo
And they’ve all been outrageously wrong, why is it different this time?
I agree. I respect your stance covered end. I just think that if the whole thing was about to go to s*** like that guy tweets, what CEO of a company would risk holding $500m of btc on his balance sheet, like Saylor is about to do at Microstrategy. As I understand it, one of the btc mining companies is also going to be listing in the U.S on Monday.
Warnings about volatility, risk and bear markets are useful contributions, as crypto social media is an echo chamber, but warnings about the whole thing dying on its arse and disappearing are starting to become redundant imo
They’ve been redundant for years. If bitcoin would’ve died, it would’ve died on its first or second crash. It won’t now hedge funds will have 7% of their funds in crypto.
Although I agree with burry’s fundamental point, that theres a lot of overvalued tech stocks - Tesla, a company who’s only profit has ever been selling bitcoin being a prime example - and I don’t think Bitcoin will be immune from this crash, at all. But disappear? Nah, just gonna buy more bitcoin.
Although I agree with burry’s fundamental point, that theres a lot of overvalued tech stocks - Tesla, a company who’s only profit has ever been selling bitcoin being a prime example - and I don’t think Bitcoin will be immune from this crash, at all. But disappear? Nah, just gonna buy more bitcoin.
just to add to this - we're in the midst of a worldwide silicon shortage, yet tech stocks continue to go up... Something is going to give at some point if this continues.
I don't doubt and have always maintained that Bitcoin and a few cryptos will survive and possibly thrive in the long term. It's many of the others cryptos that will struggle to survive, just like the dot com bubble.
I don't doubt and have always maintained that Bitcoin and a few cryptos will survive and possibly thrive in the long term. It's many of the others cryptos that will struggle to survive, just like the dot com bubble.
Comments
https://www.ft.com/content/4f8044bf-8f0f-46b4-9fb7-6d0eba723017
So, yes.
Have faith
Trading bitcoin you either buy with a view to a long term (potentially years) of holding, or you trade in and out and set sensible stop losses and profit take amounts.
If you are doing the former and on the basis you know the risks, just buy, leave and stop looking daily at the price charts! Maybe to be safe stick a sell price at 3/4/5 times or whatever your original price was.
IRON Titanium Token price, TITAN chart, market cap, and info | CoinGecko
Easy to forget where it's come from, 12 months ago was sub $10k, I could see it dropping back there. So that probably means we'll be at 80K before the end of July
Warnings about volatility, risk and bear markets are useful contributions, as crypto social media is an echo chamber, but warnings about the whole thing dying on its arse and disappearing are starting to become redundant imo