Bitcoin, the biggest gamble?

neon claws

Experienced Member
Joined
Jan 5, 2020
Location
Australia
Yes, typically ponzis collapse once no one new can be brought in. Given that btc is global, that's likely a fair way off.
 

me_and_ed

Paleo Meister (means really, really old)
CAG
MM
Joined
Jun 2, 2006
Location
Vancouver
My eldest son and I bought 15.5 bitcoins a couple years back at $1300/btc, I was very skeptical and frightened, he told me 10k we sell......we sold 10 BTC when it hit 10k, I thought we were big winners.....wooohoooo.......thank god we still have 5.5 left.......It will continue to rise.
 

mack341

Senior Member
Joined
May 8, 2018
Location
south east england
can you buy small fractions of 1 coin?

the price I see today is 1 btc equals £34,176, that's ridiculous to me, but the recent high was £40,973...glad I'm not in this 'late' game my arse would be twitching right about now!

edit: is somebody somewhere still 'mining' coins to add into the supply?
 

slotmaster

Paleo Meister (means really, really old)
Joined
Apr 2, 2011
Location
Ontario
can you buy small fractions of 1 coin?

the price I see today is 1 btc equals £34,176, that's ridiculous to me, but the recent high was £40,973...glad I'm not in this 'late' game my arse would be twitching right about now!

edit: is somebody somewhere still 'mining' coins to add into the supply?

Yes, you can buy a fraction. :)
 

KasinoKing

WebMeister & Slotaholic..
webmeister
PABnonaccred
CAG
MM
Joined
Aug 25, 2004
Location
Bexhill on sea, England
Every time I see FUN climb the chart I think of @KasinoKing LOL. I only have a little bit in crypto and just hanging around the same amount since I deposited.
Yeah - they are still proving to be a FUN investment! :p
I've still got 770,000 and even I am surprised how they have kept rising.

I originally had 1.17 million of them, but changed 408,000 into DigiByte and VeChain in March - and they have performed even better than Funfair! :cool:

Overall my Crypto's are now worth 3x the original investment that I made in Dec 2017, but a year ago it was very bleak when they were down to only about 12% of what I put in!

KK
 

neon claws

Experienced Member
Joined
Jan 5, 2020
Location
Australia
Overall my Crypto's are now worth 3x the original investment that I made in Dec 2017, but a year ago it was very bleak when they were down to only about 12% of what I put in!

KK
Wouldn't you have been better off just putting it in Bitcoin? Btc is up over 5x since I bought in and it was nowhere near that long ago.. maybe a year or something.. and it hasn't had 88% dives...
 

KasinoKing

WebMeister & Slotaholic..
webmeister
PABnonaccred
CAG
MM
Joined
Aug 25, 2004
Location
Bexhill on sea, England
Wouldn't you have been better off just putting it in Bitcoin? Btc is up over 5x since I bought in and it was nowhere near that long ago.. maybe a year or something.. and it hasn't had 88% dives...
If I had crystal balls - yes! :p

Like I think I have already said in this thread - hindsight is a b*tch!

KK
 

neon claws

Experienced Member
Joined
Jan 5, 2020
Location
Australia
If I had crystal balls - yes! :p

Like I think I have already said in this thread - hindsight is a b*tch!

KK
Well, yes and no- conventional wisdom is that if you're going to get into crypto just stick with btc. It has a track record and there's been literally thousands of other alt coins that have made big short term gains for a few weeks, maybe months but then just crashed entirely.

To me, btc is volatile enough, doubling down on trading or alt coins just seems suicidally risky.
 

Slottery

Senior Member
PABnoaccred
MM
Joined
Aug 21, 2017
Location
Malta
Guess it depends also if you are willing to do any trading or just buy and hold. If willing to do some trading, it's not really huge risk to get in something when it start to go up and get out early enough like now i'm happy to get rid off most of XRP:s i have, don't have any intention to see if it goes to moon or crash but get my pennies and be happy, same with any other token and whatever assets i have, cryptos, stocks,etf, funds etc.

That naturally needs some more effort than pure passive holding but if having any experience about trading assets, it's quite low risk and good pay per hour what it takes to follow and act. There's not much difference in these exchanges than any other ones, crazy volatility to be one but still pretty much same ball game in any exchange from Betfair, Stocks and Cryptos. No need to be wake 24/7, in any exchanges you can quite easily add your limits and margins and get your orders automatically executed when your price is available.

Of course this is pretty much zero sum game, all you win, you take from others in market, there is no any external funds coming in, everything you have is from others pockets. Therefore you don't even need to be Gordon Gecko to make some profits as long there are some people who money you can take and in last 12 months, huge amount of money have come to crypto markets and there are loads of people who just quite randomly buy something their neighbour told is good etc... without any further understanding and majority of them will pay for their learning curve and their funds are transferred to others.

It's bit like poker, as long you play in table you can beat, nothing can stop you from making more money, now there is an extreme amount of not very sophisticated money all around, little bit like you would play poker on your normal best level but you realize that bets are much higher but opponents still bad as before. Not gonna last for ever, therefore i'm all the time happy to collect possible winnings to less volatile places and just have certain amount in bit more active trading, it's better for my blood pressure to have taken my share from this bull, now just keep playing as long this goes on and every week what can make some more is extra, if most of cryptos would default tomorrow, would still be really happy what have got from them.
 

KasinoKing

WebMeister & Slotaholic..
webmeister
PABnonaccred
CAG
MM
Joined
Aug 25, 2004
Location
Bexhill on sea, England
Well, yes and no- conventional wisdom is that if you're going to get into crypto just stick with btc. It has a track record and there's been literally thousands of other alt coins that have made big short term gains for a few weeks, maybe months but then just crashed entirely.

To me, btc is volatile enough, doubling down on trading or alt coins just seems suicidally risky.
Well yes and no - I didn't have ANY wisdom when I started dabbling in cryptos! :p

It was December 2017 when I first started buying alt coins using the Btc I already had - and I made some HUGE mistakes, it's true.
My worst mistake was buying $2,900 worth of SALT - now worth $130. DASH and Ethereum Classic were also very bad investments.
But then, I also bought $8,900 worth of Funfair - now worth $49,500.
6 months ago I bought $2,100 of Cardano - now worth $25,000.

Yeah, I would probably have been better off keeping the Btc - but who knew they would hit $60K! :eek2:

KK
 

slotmaster

Paleo Meister (means really, really old)
Joined
Apr 2, 2011
Location
Ontario
I friggin love BTC! New profit high today for me on this deposit. :) All in BTC and what I call Bitcoin Split, BTCST
 

slotmaster

Paleo Meister (means really, really old)
Joined
Apr 2, 2011
Location
Ontario
I cashed out when ahead on BTCST and still got a little bit in bitcoin, now all in on DOGE! Made the most in 2 days in that than any crypto or stocks combined,lol.

Anyone else jumping on the hype doge nonsense? :D
 

mack341

Senior Member
Joined
May 8, 2018
Location
south east england
Didn't elon tweet about DOGE recently, I have zero idea what it is though :oops:.... I suppose the established financial system is a bit under pressure, also being linked strongly to physical cash which many influential people/electronic payment companies would rather not exist.

Just refound it:

1618784642343.png
 

sufferinsilence

Senior Member
MM
Joined
Dec 13, 2017
Location
Belgium
I bought DOGE together with my brother at €0.04, we also have some BTC and ETH, and it's at 0.28 now. Cashed out our investment so it's basically freerolling with profit right now. Doing it just for fun, didn't invest that much.
 

slotmaster

Paleo Meister (means really, really old)
Joined
Apr 2, 2011
Location
Ontario
Didn't elon tweet about DOGE recently, I have zero idea what it is though :oops:.... I suppose the established financial system is a bit under pressure, also being linked strongly to physical cash which many influential people/electronic payment companies would rather not exist.

Just refound it:

View attachment 153971
It's a joke meme coin with no use whatsoever really at the moment. LOL
 

slotmaster

Paleo Meister (means really, really old)
Joined
Apr 2, 2011
Location
Ontario
But lots of attention and even saw there is going to be a t.v. commercial about it, even the top stock guys are all saying it is going to go to $1.00.:eek:

All aboard the hype train! LOL
 

geordiecolin

Meister Member
PABnononaccred
CAG
mm4
Joined
Jun 5, 2015
Location
Near Newcastle
I cashed out when ahead on BTCST and still got a little bit in bitcoin, now all in on DOGE! Made the most in 2 days in that than any crypto or stocks combined,lol.

Anyone else jumping on the hype doge nonsense? :D
Pirate chain is rocketing at the moment. Its up 2,000% within just a few months and it is touted as just getting started.
You do not have permission to view link Log in or register now.


You do not have permission to view link Log in or register now.
 

slotmaster

Paleo Meister (means really, really old)
Joined
Apr 2, 2011
Location
Ontario
Oh ya, the other day $68 billion dollars were traded in it and it is crashing the crypto sites, I had to try myself a few times to buy. That amount to put in perspective you can buy NIO, CCIV the 2 e.v. companies that are making cars, and BNGO a company that I was invested in, you could have bought 100 percent of all 3 companies with the $68 billion!
 
Top