Thu Jun 16, 2022 1:34 pm
Thu Jun 16, 2022 2:34 pm
oohahhPaulMillar wrote:There have been a few threads about buying and people supposedly making loads of money on crypto currency on this forum through the years
I’ve never even tried to buy any because I just don’t understand it or how it works
But I’ve just read the price is down over 60% this year
Anybody on here who can explain what has happened and anybody honest enough to admit to losing any money??
Thu Jun 16, 2022 2:41 pm
Thu Jun 16, 2022 2:45 pm
Thu Jun 16, 2022 3:30 pm
Thu Jun 16, 2022 3:48 pm
Thu Jun 16, 2022 4:40 pm
Thu Jun 16, 2022 5:58 pm
Bakedalasker wrote:Its just manipulating by the big boys.
Over the last year or 2 all you heard was how BTC was going to hit the £100k. Some even said £1m. So everyone bought and it shot up to £60k. THEN the big boys sell off their big loads and the price drops big time. Talk about being sucked in. Its exactly what the banks do with Forex.
Personally I think it will bottom out to £18k but I have the big boys saying it will go down to £9k. So watch everyone Sell only for BTC to reverse and go up again.
Fri Jun 17, 2022 4:57 pm
Fri Jun 17, 2022 9:23 pm
JasonFowler1991 wrote:I'm buying more now than I was at $60k. The Bitcoin price generally goes through 4 year cycles and depreciates 50-80% every 4 years.
For me, this is a great opportunity to accumulate more before the next halvening, which typically sees the price rally 300%+.
With that said, there is a global financial crisis and people are taking their Bitcoin holdings in order to pay for daily living costs. I think we may see an end to the previous 4 year cycle and will need to wait for regulation before larger sums of money come into the market.
That said, the fundamentals are the same, and countries, businesses and corporations are buying now more than ever before, with some countries even adopting it as a currency.
I would only ever suggest investing what you're willing to lose, as with everything, there is risk associated.
People have mentioned other currencies. Whilst they do offer potentially more rewards, they are also a lot riskier and more speculative. Look at Terra LUNA recently, as well as TRON now. This is still early day technology and there will be many booms and busts.
Fri Jun 17, 2022 9:25 pm
JasonFowler1991 wrote:Bakedalasker wrote:Its just manipulating by the big boys.
Over the last year or 2 all you heard was how BTC was going to hit the £100k. Some even said £1m. So everyone bought and it shot up to £60k. THEN the big boys sell off their big loads and the price drops big time. Talk about being sucked in. Its exactly what the banks do with Forex.
Personally I think it will bottom out to £18k but I have the big boys saying it will go down to £9k. So watch everyone Sell only for BTC to reverse and go up again.
Long term holders and biggest bag holders are actually adding, not selling. It is the retail market who has sold. You can check this on chain
https://cointelegraph.com/news/on-chain ... nd-30k/amp
It is also the retail market that drive the price up. Currently retail are selling and can’t afford to buy, that in addition the LUNA issues resulting in large exchanges becoming insolvent is why the price is depreciating
Fri Jun 17, 2022 10:24 pm
Sat Jun 18, 2022 2:14 am
ealing_ayatollah wrote:JasonFowler1991 wrote:Bakedalasker wrote:Its just manipulating by the big boys.
Over the last year or 2 all you heard was how BTC was going to hit the £100k. Some even said £1m. So everyone bought and it shot up to £60k. THEN the big boys sell off their big loads and the price drops big time. Talk about being sucked in. Its exactly what the banks do with Forex.
Personally I think it will bottom out to £18k but I have the big boys saying it will go down to £9k. So watch everyone Sell only for BTC to reverse and go up again.
Long term holders and biggest bag holders are actually adding, not selling. It is the retail market who has sold. You can check this on chain
https://cointelegraph.com/news/on-chain ... nd-30k/amp
It is also the retail market that drive the price up. Currently retail are selling and can’t afford to buy, that in addition the LUNA issues resulting in large exchanges becoming insolvent is why the price is depreciating
One other thing - have you come across Elliot Waves financial theory. Fits beautifully with the entire life-cycle of BTC and suggests we are a week or two from bottom.
Sun Jun 19, 2022 7:24 pm
Sun Jun 19, 2022 9:48 pm
oohahhPaulMillar wrote:Bitcoin now down 71% from its high…bloody hell 71% some people must be sitting on huge losses with more to come by the look of it
I suppose it was always going to happen for something that as far as I can make out has no intrinsic value and is basically a gamble to find a buyer willing to buy something you want to sell which has no actual value. Problem is you will eventually run out of buyers and loads of people make huge losses
Sounds like a posh pyramid scheme to me
Wed Jun 22, 2022 10:16 am
JasonFowler1991 wrote:oohahhPaulMillar wrote:Bitcoin now down 71% from its high…bloody hell 71% some people must be sitting on huge losses with more to come by the look of it
I suppose it was always going to happen for something that as far as I can make out has no intrinsic value and is basically a gamble to find a buyer willing to buy something you want to sell which has no actual value. Problem is you will eventually run out of buyers and loads of people make huge losses
Sounds like a posh pyramid scheme to me
83% declines following halvenings are normal. It’s happened 4 times already, gone on to recover and surpass previous all time highs by 300%+ each time. It’s cyclical.
There’s a lot of value in it. When you understand money, why the economy is in such a state right now, how endless wars are funded, you will understand why it is fundamentally the greatest monetary invention of all time.
As I said above, long term holders aren’t selling. They continue to buy more. When you get it, you get it.
I recommended this to anybody interested in learning more:
https://m.youtube.com/watch?v=6sPR0O7issU
Additionally, a book called “ the bitcoin standard “
Wed Jun 22, 2022 11:23 am
Mike Strinati wrote:JasonFowler1991 wrote:oohahhPaulMillar wrote:Bitcoin now down 71% from its high…bloody hell 71% some people must be sitting on huge losses with more to come by the look of it
I suppose it was always going to happen for something that as far as I can make out has no intrinsic value and is basically a gamble to find a buyer willing to buy something you want to sell which has no actual value. Problem is you will eventually run out of buyers and loads of people make huge losses
Sounds like a posh pyramid scheme to me
83% declines following halvenings are normal. It’s happened 4 times already, gone on to recover and surpass previous all time highs by 300%+ each time. It’s cyclical.
There’s a lot of value in it. When you understand money, why the economy is in such a state right now, how endless wars are funded, you will understand why it is fundamentally the greatest monetary invention of all time.
As I said above, long term holders aren’t selling. They continue to buy more. When you get it, you get it.
I recommended this to anybody interested in learning more:
https://m.youtube.com/watch?v=6sPR0O7issU
Additionally, a book called “ the bitcoin standard “
I’m about 24minutes into the video and got to be honest it’s very interesting, the guy seems quite knowledgable.
Wed Jun 22, 2022 1:27 pm
JasonFowler1991 wrote:Mike Strinati wrote:JasonFowler1991 wrote:oohahhPaulMillar wrote:Bitcoin now down 71% from its high…bloody hell 71% some people must be sitting on huge losses with more to come by the look of it
I suppose it was always going to happen for something that as far as I can make out has no intrinsic value and is basically a gamble to find a buyer willing to buy something you want to sell which has no actual value. Problem is you will eventually run out of buyers and loads of people make huge losses
Sounds like a posh pyramid scheme to me
83% declines following halvenings are normal. It’s happened 4 times already, gone on to recover and surpass previous all time highs by 300%+ each time. It’s cyclical.
There’s a lot of value in it. When you understand money, why the economy is in such a state right now, how endless wars are funded, you will understand why it is fundamentally the greatest monetary invention of all time.
As I said above, long term holders aren’t selling. They continue to buy more. When you get it, you get it.
I recommended this to anybody interested in learning more:
https://m.youtube.com/watch?v=6sPR0O7issU
Additionally, a book called “ the bitcoin standard “
I’m about 24minutes into the video and got to be honest it’s very interesting, the guy seems quite knowledgable.
Yeah man. I'm glad you found it interesting! He is the CEO of Microstrategy, who I believe owns more Bitcoin than anybody else. Other good knowledgeable voices in the space I can recommend are Robert Breedlove, Raoul Pal, and Saifedean Ammous.
Wed Jun 22, 2022 1:35 pm
JasonFowler1991 wrote:oohahhPaulMillar wrote:Bitcoin now down 71% from its high…bloody hell 71% some people must be sitting on huge losses with more to come by the look of it
I suppose it was always going to happen for something that as far as I can make out has no intrinsic value and is basically a gamble to find a buyer willing to buy something you want to sell which has no actual value. Problem is you will eventually run out of buyers and loads of people make huge losses
Sounds like a posh pyramid scheme to me
83% declines following halvenings are normal. It’s happened 4 times already, gone on to recover and surpass previous all time highs by 300%+ each time. It’s cyclical.
There’s a lot of value in it. When you understand money, why the economy is in such a state right now, how endless wars are funded, you will understand why it is fundamentally the greatest monetary invention of all time.
As I said above, long term holders aren’t selling. They continue to buy more. When you get it, you get it.
I recommended this to anybody interested in learning more:
https://m.youtube.com/watch?v=6sPR0O7issU
Additionally, a book called “ the bitcoin standard “
Wed Jun 22, 2022 2:17 pm
Bluebina wrote:JasonFowler1991 wrote:oohahhPaulMillar wrote:Bitcoin now down 71% from its high…bloody hell 71% some people must be sitting on huge losses with more to come by the look of it
I suppose it was always going to happen for something that as far as I can make out has no intrinsic value and is basically a gamble to find a buyer willing to buy something you want to sell which has no actual value. Problem is you will eventually run out of buyers and loads of people make huge losses
Sounds like a posh pyramid scheme to me
83% declines following halvenings are normal. It’s happened 4 times already, gone on to recover and surpass previous all time highs by 300%+ each time. It’s cyclical.
There’s a lot of value in it. When you understand money, why the economy is in such a state right now, how endless wars are funded, you will understand why it is fundamentally the greatest monetary invention of all time.
As I said above, long term holders aren’t selling. They continue to buy more. When you get it, you get it.
I recommended this to anybody interested in learning more:
https://m.youtube.com/watch?v=6sPR0O7issU
Additionally, a book called “ the bitcoin standard “
"As I said above, long term holders aren’t selling. They continue to buy more. When you get it, you get it."
Why aren't they selling?
If they know the price is going to fly down and then go up why would anyone stay invested.
I've had a dable lost a bit, but can see it's just a very minipulated market, so much so that even Elon Musk can buy, tell the public to buy to drive his stake right up, then he sells leaving them especially the last ones to lose?
I'll follow it and may invest at the bottom then sell in stages on the way up but to leave money in there now is pointless?
This looks the opposite where timming the markets is far more important than time in the markets!
Wed Jun 22, 2022 5:45 pm
Bluebina wrote:Bluebina wrote:JasonFowler1991 wrote:oohahhPaulMillar wrote:Bitcoin now down 71% from its high…bloody hell 71% some people must be sitting on huge losses with more to come by the look of it
I suppose it was always going to happen for something that as far as I can make out has no intrinsic value and is basically a gamble to find a buyer willing to buy something you want to sell which has no actual value. Problem is you will eventually run out of buyers and loads of people make huge losses
Sounds like a posh pyramid scheme to me
83% declines following halvenings are normal. It’s happened 4 times already, gone on to recover and surpass previous all time highs by 300%+ each time. It’s cyclical.
There’s a lot of value in it. When you understand money, why the economy is in such a state right now, how endless wars are funded, you will understand why it is fundamentally the greatest monetary invention of all time.
As I said above, long term holders aren’t selling. They continue to buy more. When you get it, you get it.
I recommended this to anybody interested in learning more:
https://m.youtube.com/watch?v=6sPR0O7issU
Additionally, a book called “ the bitcoin standard “
"As I said above, long term holders aren’t selling. They continue to buy more. When you get it, you get it."
Why aren't they selling?
If they know the price is going to fly down and then go up why would anyone stay invested.
I've had a dable lost a bit, but can see it's just a very minipulated market, so much so that even Elon Musk can buy, tell the public to buy to drive his stake right up, then he sells leaving them especially the last ones to lose?
I'll follow it and may invest at the bottom then sell in stages on the way up but to leave money in there now is pointless?
This looks the opposite where timming the markets is far more important than time in the markets!
Just saw this after posting
https://decrypt.co/103089/elon-musk-tes ... in-lawsuit