Reply With QuoteNahOriginally Posted by murkeywaters
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You have only lost or gained if you have sold - have you sold?
Nah
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You have not lost or gained then..
I have lost self respect
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I don’t get the cyrpto coins & just seems like the Wild West.
What’s pancake swap?
From my car forum someone bought $800 worth of Boorio, on release day it peaked & crashed, but looks like he has done well from it?
From the thread,
BOORIO > orio launched today.
11-12X Off the bat. Thanks
Thats equiv of bitcoin to 819K a coin.
$3500 to $36000 in 10 minutes.
Few days later posted this,
Just a quick boorio update.
They have gone through the wallets that bought & sold on the failed launch.
I lost $800 as I was using my second metamask wallet.
Ive just got an airdrop of the equivalent amount of money in tokens from * LAUNCH * price.
$9k freebie ....
Sure you have lost if it's worth less.
Sorry but this is one of the most stupid investor takes out there. Your holding is worth what you can fetch for it. And if that is less today than yesterday, you lost money. If it is higher again tomorrow, you will have gained.
Someone who lies about the little things will lie about the big things too.
I get what your saying, but surely while you hold an investment you have neither lost or gained, it would be silly to look at your portfolio every day and say today I gained, yesterday I lost, that mindset would be quite negative and lead to a lot of stress..
It's the only way to look at it, no matter if you do it daily, weekly or annually.
If you bought Wirecard two years ago, you lost your money, no matter if you sold the shares or not. And if you bought Tesla, you 10-x-ed your money, whether you have sold this week or still own it.
Everything else is idiocy.
Someone who lies about the little things will lie about the big things too.
SOL breakout to new ATH, overtaking ADA in the process.
Raffe you should have taken a punt on floki while it was on sale. You’d be over 50% up now.
How does this apply for a pension fund? I go up one month, down the next - how often would you dip in and out of different funds?
I understand your view as a trader but as a long term investment, in funds not individual shares, the paper/real loss makes sense to me.
Pension funds are mostly tracker funds, mine is, moving things around all the time just means you increase the risks
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What does having a loss or a profit have to do with dipping in and out of funds? Seriously don't understand what you are saying.
If you buy something and it is worth less than what you paid for, you have a loss. there is no other sensible way to look at it. There is no difference whether you sold the position or still own it.
Someone who lies about the little things will lie about the big things too.
D
Time frames.
BTC to 80k mid term and Eth to 10k mid term are holds.
Shitcoins in my experience you have to be in at the start or momentum trade with a bit of volume.
Where I've made cash is in up and coming ecosystems. At the moment, Coins on the Solana chain have growth potential, have a look at POLIS and OXY. Both available as Perps on FTX.
CRV up to 8usd should be a pretty good token to watch.
Thanks, they are also on Coinbase so I'll have a think
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This is sound advice
Heres another thing....
One i didn't really look at until id learnt from mistakes.
Risk reward ratio.
Now when i look at a coin, even if it has good narrative and fundamentals / tokenomics, Ill look at how far from the local low i might be.
If I'm too far up from the local low, I've missed my entry and ill wait for a retrace or let it go. I try to stick to no greater risk than 2pc of portfolio (i.e. should i hit the stop loss then no more than 2pc is gone), this allows ne a decent run of duds and not lose the lot. Then let compounding do the rest.
CRV at 4 is a good RR btw.
Clearly not financial advice!
Anything nft game related at the moment. Huge R +R that’s where I do all my shit coin investing. Up 50k dollars this month.
There’s so much turd. I probably read 50 white papers per gem.
Squid game looks a good prospect
Plenty of people in crypto groups touted that to me. I know one guy who stupidly put in 100k. What a doofus.
I exited my pets position earlier. Turned 1 bnb into 25 ish in a week (maybe 8 days)
How's it going with the Shiba Inu?
Bit quiet...?
Someone who lies about the little things will lie about the big things too.
I bailed and sold 2 million
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I hold zero shib or doge. They’re all selling, getting into floki and fighting on Twitter. Billym2k losing it….
Still time for you to get on the Viking floki train raffe. Next stop Valhalla!
I'd rather stick needles into my eyes.
Someone who lies about the little things will lie about the big things too.
What do you think of ATLAS?
It’s not really been on my radar, I’m not blown away with it similar to starlink.
Buy and hodl you’ll probably make some money.
Looking forward to elemon launch shortly. But the hype is mega, so unless you get in early I’d wait til after it pumps a couple hundred % then dumps and stabilises.
Defina finance will launch its beta soon. If you got some spare busd kicking around might be worth jumping in on that.
I’ve already been in an out of that one a couple of times.
Interesting read of what can happen to investors money of a new coin -
Revealed: The Cryptoqueen's £13.5m London penthouse https://www.bbc.co.uk/news/stories-59062959
We can but dream..
Probably best read it, it was a huge scam that cost UK investors around £100m, lots of assets/London property owned by shell companies in the Channel Islands and the owner has gone missing probably with a new identity..
Onecoin to the moon!
You’re talking like madoff, Belfort, Drier and Minkow just to name a few… didn’t defraud investors for billions and live the high life.
She’s a criminal. It happens on conventional markets too.
Certainly does, Crypto is ripe for this sort of scam though,
Could a team of developers whip up Reddit, Asian social media and such like and watch a crap coin attract huge investment, the developers hold 50% of holdings/coins only to dump the lot into USDT/BTC when they are multi billionaires?
When returns are 100% per week potentially. You absolutely have to take a portfolio approach. Some you’ll win, some you’ll lose.
I read the article. But I don’t know that much about this coin. But….
Because the price reflects marginal trading of coins/tokens the amount of money required to push a coin value upto 100m is not a lot.
It’s the same for shares.
What nonsense.
By all means, play any gambling game that you want, but don't pretend you have found the perpetuum mobile and don't pass it as advice how to get rich quick.
I have seen many people who have been lucky for a while and thought they understand and control the game. All of them have gone bust eventually. All of them.
And please spare me your arrogant retort.
Someone who lies about the little things will lie about the big things too.
Which part was nonsense exactly?
If I lose every penny in my crypto wallet I’m perfectly at peace with that because I invested an original amount I’m happy to risk.
Was a pleasure having a friendly debate with you raffe. I won’t change your mind, you can’t change my mind.
Yes it’s a bubble but so is everything this century.
Is that not exactly what is happening right now?
It seems like it is and its happening on a rinse and repeat process..
All the time there is a queue of people hoping to make easy money with cash ready it will continue to happen.
There is no utility to any of these shitcoins it’s just a greater fool fest … reminds me of kids going mad over Pokémon cards.
Clearly there is money to be made if you can ride the momentum but let’s not think this is anything more than it is.
Good luck to those scalping a few quid in this game but don’t get caught holding the bag.
I'm just trying to scam enough for a turbo on my MX5, these stories about people dropping 100k on shit coins is madness,
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I doubt those tales have any truth … I expect it’s many small time players who can least afford to lose their money.
Well we only hear about the lucky wins, never the losses
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True of all forms of gambling.
SOL strong on an otherwise red day.
I've been swing trading LRC-BUSD over the last couple of days. Nicely up and will lock in the gains over the next 2 days.
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[QUOTE=Daveya.;5868388]I'm just trying to scam enough for a turbo on my MX5, these stories about people dropping 100k on shit coins is madness, /QUOTE]
A mate who has no crypto experience bought £500 worth of Shibu a few weeks back, sold and is about £600 up - is that enough for a turbo??
[QUOTE=murkeywaters;5868425]Nah need another 2500
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[QUOTE=Daveya.;5868426]Thought it wouldn't be enough, better buy Floki then..
[QUOTE=murkeywaters;5868427]Not on Coinbase
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Revisit of this thread. I see the same balance - stoicism - stubbornness remains.
We will hit silly season soon. Many ups and downs. Much FOMO and FUD too. We will see parabolic moves either side.
BTC market cap may peak December 2021.
Alts market cap may peak January 2022.
Long term 4+ years I believe the total market cap may be above where we are now. In 2+ years we may be well below.
Best of luck to everyone. Not financial advice, etc.
I know, I read about it already. Still dreaming about the penthouse though :-)
My opinion is — the game is the game. If you don’t like it, no-one forces you to play. There will be scams, rug pulls, fraud and that’s just Goldman Sachs!
Crypto is full of people looking to make a quick buck, which will attract fraudsters looking to scam a quick buck. If you don’t realise that, it’s not the game for you.
I’ve bought more Bitcoin today and will be buying more on Monday
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