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Non Footy Chat Thread II

strider

Post Whore
Messages
79,165
Cryptos are a roller coaster, but you bank on the good ones always recovering the downs they have.

As Avenger says you have nothing unless you cash it in. Everything dropped 40-70% in April. Most have not yet recovered. Everyone is hoping it will get to new highs this year, but its still not guaranteed, might take longer. Then it will all drop 70+% again after the next peak. Ups n downs.
 

hindy111

Post Whore
Messages
64,852
I haven’t won anything yet because only a small amount has been cashed in. Pou is just conservative and less risk averse and you need people like that too.

I just hope some of you bought some a few years ago. Plenty sent me a PM and I always recommended Cardano and some altcoins because a whole Bitcoin or a few was always a risk but one I was willing to take.

I bought a house instead and its rocketed up when HJ said it would be worth peanuts.
 

Avenger

Immortal
Messages
35,977
Cryptos are a roller coaster, but you bank on the good ones always recovering the downs they have.

As Avenger says you have nothing unless you cash it in. Everything dropped 40-70% in April. Most have not yet recovered. Everyone is hoping it will get to new highs this year, but its still not guaranteed, might take longer. Then it will all drop 70+% again after the next peak. Ups n downs.
Everytime Bitcoin has ‘crashed’ it’s been significantly higher sometimes more than double than the last ‘crash.’ The trend has always been upward since it’s inception.

I expect it to hit $100k within a year and eventually at least $500k possibly more and at least equal the market cap of gold which is currently USD$11.3 Trillion. Bitcoin is currently at just under $USD1 trillion.

And many of the naysayers in the financial markets are now on board after they thought they could kill it. The f**kwits!!
 

Avenger

Immortal
Messages
35,977
I bought a house instead and its rocketed up when HJ said it would be worth peanuts.
Houses are relative if you sell you always want something just as good or maybe a bit smaller but in the same/ better area. It’s not like If I sell my joint I’ll be buying the cul de sac at Doonside.
 

strider

Post Whore
Messages
79,165
Everytime Bitcoin has ‘crashed’ it’s been significantly higher sometimes more than double than the last ‘crash.’ The trend has always been upward since it’s inception.

I expect it to hit $100k within a year and eventually at least $500k possibly more and at least equal the market cap of gold which is currently USD$11.3 Trillion. Bitcoin is currently at just under $USD1 trillion.

And many of the naysayers in the financial markets are now on board after they thought they could kill it. The f**kwits!!
Im not trying to talk it down 😁

Bitcoin actually has dimishing returns (% wise) over longer cycles .... as you have said, other cryptos are probably a better investment now .... its a good investment as long as you are willing to ride the waves.
 

Gary Gutful

Post Whore
Messages
53,922
I was watching an interview on The Highwire with Catherine Austin Fitts and she was saying the bank digital currency or currencies will become the vast majority. I don't know enough about her or it to know if she's on the money, pun intended. But if they do go with one, say cardano, does that affect all the others much?

She? F**king hell...
 

hindy111

Post Whore
Messages
64,852
Houses are relative if you sell you always want something just as good or maybe a bit smaller but in the same/ better area. It’s not like If I sell my joint I’ll be buying the cul de sac at Doonside.

Not everyone. I will move to Katoomba and its half the price.
 

Poupou Escobar

Post Whore
Messages
96,083
You a crypto currency king. Remember when Pou said you'd lose it all. Now he is putting $100 bets on Rugby league gamss just to win $80.
Here is a stat
You WON and I was one of few who backed you remember.
I made 1300% on Dogecoin. It took zero skill so I didn't big note about it. It was just luck. I've even made 50% profit on Bitcoin. It's dumb and boring and lets deadshits feel like investment geniuses. At least betting on footy takes some skill. If I had more to lose I'd waste more on crypto and gambling.
 

Avenger

Immortal
Messages
35,977
I made 1300% on Dogecoin. It took zero skill so I didn't big note about it. It was just luck. I've even made 50% profit on Bitcoin. It's dumb and boring and lets deadshits feel like investment geniuses. At least betting on footy takes some skill. If I had more to lose I'd waste more on crypto and gambling.
You’re big noting now.

#bignoter
 
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hindy111

Post Whore
Messages
64,852
I made 1300% on Dogecoin. It took zero skill so I didn't big note about it. It was just luck. I've even made 50% profit on Bitcoin. It's dumb and boring and lets deadshits feel like investment geniuses. At least betting on footy takes some skill. If I had more to lose I'd waste more on crypto and gambling.

I don't have much spare money either. When I do I invest it on more free time and working less to do things I enjoy.
 

Ron Jeremy

Coach
Messages
25,700
I haven’t won anything yet because only a small amount has been cashed in. Pou is just conservative and less risk averse and you need people like that too.

I just hope some of you bought some a few years ago. Plenty sent me a PM and I always recommended Cardano and some altcoins because a whole Bitcoin or a few was always a risk but one I was willing to take.

as I said only a profit or loss when you sell.

also been around the markets long enough to know things recover, while others were selling I was buying, this latest crash has taken longer than I expected as it predominately based on musks comments abd China reiterating the stance they have always had on crypto.
 

Ron Jeremy

Coach
Messages
25,700
I haven’t won anything yet because only a small amount has been cashed in. Pou is just conservative and less risk averse and you need people like that too.

I just hope some of you bought some a few years ago. Plenty sent me a PM and I always recommended Cardano and some altcoins because a whole Bitcoin or a few was always a risk but one I was willing to take.

you rate poly avenger? I do like harmony one also
 
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