What's new
The Front Row Forums

Register a free account today to become a member of the world's largest Rugby League discussion forum! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Non Footy Chat Thread II

Avenger

Immortal
Messages
35,945
Matic, Cardona, ripple, harmony one, reserve rights and possibly doge I probably won’t be selling for many years, I have about a dozen others, but those mainly are the ones with a long term outlook on.

always on the look out for more, but f**king hard atm working 7 days a week running 3 businesses, a child, and looking after my mother’s late estate.
HBar too. They are the bridge for adoption.
 

strider

Post Whore
Messages
79,165
Hundred? I will throws thousands. I was thinking 5k.
just be aware that cryptos have traditionally moved in cycles .... it goes on a big run, then drops off like a muthaf**ker .... its expected to go on a bit of a run now (already started mid july - after a reasonable drop in may) but will probably have a big drop off at the end of this year or early next year

if you don't want to be trading ups and downs and are prepared to just put the money in and let it ride for years, you have to accept it can crash down for a while and not obsess over it
 

Ron Jeremy

Coach
Messages
25,700
just be aware that cryptos have traditionally moved in cycles .... it goes on a big run, then drops off like a muthaf**ker .... its expected to go on a bit of a run now (already started mid july - after a reasonable drop in may) but will probably have a big drop off at the end of this year or early next year

if you don't want to be trading ups and downs and are prepared to just put the money in and let it ride for years, you have to accept it can crash down for a while and not obsess over it

Yep, like to add, that the worst thing you can do is sell when the price is going down, if anything thats when you should be buying more.
 

Poupou Escobar

Post Whore
Messages
95,977
What confuses me is this
All these different crypto currencies are popping up daily. So what determines what ones is worth and how does another just be created? If the amount is endless then the value is what Exactly? It is almost like its all made up to me.
Marketing hype generates demand. That's why crypto holders all want to talk about it. They want others to buy the same shit they're holding so the price goes up.

So the price doesn't increase due to improved performance of some underlying business, it just goes up because more merkins are trying to buy it.
 

Ron Jeremy

Coach
Messages
25,700
Marketing hype generates demand. That's why crypto holders all want to talk about it. They want others to buy the same shit they're holding so the price goes up.

So the price doesn't increase due to improved performance of some underlying business, it just goes up because more merkins are trying to buy it.

That's like anything, shares or whatever, it isn't specifically exclusive to just Crypto.

You really don't trade do you...
So buy low, sell high....

I think you might be on to something....

Well formula I go buy, unsure what you do, but the comment was based on the fact that don't be deterred whether selling is going on, perhaps buy more.
 

Ron Jeremy

Coach
Messages
25,700
Not true. It’s a far greater factor with Crypto.

No way, visit hotcopper one day.

I will say this, with crypto you now have more potential traders on your side.

I also think if you are getting your advice from reddit etc then you probably have missed the boat or be careful it may turn into a pump and dump
 

Gary Gutful

Post Whore
Messages
53,887
No way, visit hotcopper one day.

I will say this, with crypto you now have more potential traders on your side.

I also think if you are getting your advice from reddit etc then you probably have missed the boat or be careful it may turn into a pump and dump
Hot Copper sounds like one of those B Grade G@y Porn films that you watch.
 

hindy111

Post Whore
Messages
64,814
Marketing hype generates demand. That's why crypto holders all want to talk about it. They want others to buy the same shit they're holding so the price goes up.

So the price doesn't increase due to improved performance of some underlying business, it just goes up because more merkins are trying to buy it.

I knew guys who would buy shares year ago. And all their group would get on forums and promote these shares and talk them up. Hope enough bought and price goes up then dump them.
I don't think Avenger is that smart or sneaky enough to be doing this.Seems more like a genuine man's man who would want to help his friends out. But then again I do notnknow him personaly.........
 

Poupou Escobar

Post Whore
Messages
95,977
plenty of good companies out there with shitty share prices. Share price is not a true reflection sometimes of how a company is performing.

what’s a good company
How about the fact that owning shares in the company generates income without needing to speculate on the asset price?
 

Poupou Escobar

Post Whore
Messages
95,977
just be aware that cryptos have traditionally moved in cycles .... it goes on a big run, then drops off like a muthaf**ker .... its expected to go on a bit of a run now (already started mid july - after a reasonable drop in may) but will probably have a big drop off at the end of this year or early next year

if you don't want to be trading ups and downs and are prepared to just put the money in and let it ride for years, you have to accept it can crash down for a while and not obsess over it
And meanwhile that money isn't doing anything else for you. No rent, no dividends, just imaginary earnings that aren't real until you sell. Like gold, also a shit asset.
 
Top