One other thing about the crash today. A lot of the major exchanges appeared to crash when the price hit rock bottom. Now, I know that this is likely to be systems related (everyone trying to dip in at the low point) but does seem pretty dodgy in terms of market manipulation though.. Thoughts?
I know it's none of my business, but I'm curious as to how much people on here have invested. I think I questioned this before and to me it was less than I've bet on Charlton this season. So whilst some people seem heavily invested, in reality is it a lot of talk over very little?
Good luck to everyone if they are making substantial sums, as long as they know what they are doing and know they can "get out" immediately if there is a crash.
Personally, I don't invest in anything I don't understand and definitely not anything where if I try to get my money back I can't.
But as I say best of luck to all, but as a retired financial adviser it's not something I will be investing in.
My thoughts are it was always going to happen as I said and as long as you are aware all's good.
I know it's none of my business, but I'm curious as to how much people on here have invested. I think I questioned this before and to me it was less than I've bet on Charlton this season. So whilst some people seem heavily invested, in reality is it a lot of talk over very little?
Good luck to everyone if they are making substantial sums, as long as they know what they are doing and know they can "get out" immediately if there is a crash.
Personally, I don't invest in anything I don't understand and definitely not anything where if I try to get my money back I can't.
But as I say best of luck to all, but as a retired financial adviser it's not something I will be investing in.
My thoughts are it was always going to happen as I said and as long as you are aware all's good.
Completely agree. Correction must happen. They just happen in hyper speed. If your nimble and have the right buy / sell strategy, it is actually beneficial for it to occur at such a pace.
So my excitement continues. Having bought in at £41, 285 yesterday afternoon I'm now staring at £38, 109. As was advised, buy for the long game. I'd never have known watching investment could be as exciting as watching Charlton. 🤫
Coinbase is instant withdrawal to bank account, convert coin to cash, click withdraw in £ wallet and it goes straight in bank in about 30 seconds. Or are you guys talking about something else lol
@kentaddick it could be worse... Above is Kraken on ADA and ETH
I was scalping a short when it crashed. Was doing ok, was moving my stop when it happened. So had cancelled stop market order and then poof, couldn’t access my futures position at all. So if that had happened to me I’d have closed with a huge profit lol!
Had a terrible day today but taught me some lessons, which is why I trade very small amounts with leverage, hopefully one day I can stay disciplined enough to be able to sit stuff out sometimes.
So my excitement continues. Having bought in at £41, 285 yesterday afternoon I'm now staring at £38, 109. As was advised, buy for the long game. I'd never have known watching investment could be as exciting as watching Charlton. 🤫
Welcome to the fucking show.
This is a dip, if you think it’s a crash... wait for later in the year lol.
So my excitement continues. Having bought in at £41, 285 yesterday afternoon I'm now staring at £38, 109. As was advised, buy for the long game. I'd never have known watching investment could be as exciting as watching Charlton. 🤫
Today was way more exciting than watching Charlton the last few months.
Coinbase is instant withdrawal to bank account, convert coin to cash, click withdraw in £ wallet and it goes straight in bank in about 30 seconds. Or are you guys talking about something else lol
Yes that's the one thanks. Give or take it's about £15 per £1000 buy or sell. No idea how that compares to other trading platforms, but it seems simple for simpletons.
My play is to follow other lifers advice and put in an amount that I can leave in for 4-5 years and see where it ends up. In my current bank account I'm getting 1% pa and no excitement whatsoever.
In the last bull run 20-30% corrections were common. This is the first in this one. Zoom out and the chart still looks bullish. Although if we break down from here there’s quite a lot of room to fall again.
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My play is to follow other lifers advice and put in an amount that I can leave in for 4-5 years and see where it ends up. In my current bank account I'm getting 1% pa and no excitement whatsoever.
printed 58k over weekend I think
not for the faint hearted
to be honest I just expect it now.
not too easy to catch a falling knife
“sold up and shorted at 55k” 🤢