BITCOIN

Aegis

Zola. said:

I don't think we are at the bottom at all. 

This is why I keep asking for a way to measure fair value for these tokens.  Without that, there's no way to judge whether the current market price is over- or under-valued.

Zola.

Whilst the protocol is open to anyone who has a phone, most buyers right now seem to fall into two distinct camps, those who believe in the long-term value and hold it throughout the ups and downs, and those who use it as a speculative punt to try to make some quick money. 

The latter are typically much more sensitive to negative news and so will be an enabler to the rollercoaster price swings and will usually sell at a happy profit level or at a loss. 

The former always see 1 Bitcoin = 1 Bitcoin and try to accumulate as much as possible, in case hyperbitcoinization actually happens. 

We only have 12 years to go on, but wouldn't it be amazing to see 12 years in the future to see where things are...

swan6060

Pearce7630 said:

Is investing in Bitcoin really worth it or is it all just a scam ? 

It all boils down to your willingness to take chances. Bitcoin is a highly volatile currency, as you know. and that makes it a lot risky. To begin, ensure that you understand what you're investing in and that you have a crypto investment strategy. It's also better to think of it as a form of gambling, so only invest a tiny portion of your discretionary cash and expect to lose a lot. I would advise to limit any cryptocurrency investments to less than 5% of your overall portfolio, and make sure you have a good traditional retirement investment strategy in place first. it's also a good idea to establish an emergency fund and pay off any high-interest debts.

lozzy1965

Zola. said:

Even the name just sounds utterly ridiculous, Safe Moon. You'd have to be a special kinda moon cat to buy that absolute scam coin.

All of these sh*tcoins are destined to go to zero. 

Bitcoin is the only one that will win the crypto war, as it is the only actually decentralised coin, proof of work ensures the security, the decentralisation and the verifiction. 

Everything else is a centralised sh*tcoin ran off some AWS server, by a dictator who has pre-mined millions of tokens for themselves, and who can change the policy on a whim. 

Hmmm Dodgecoin would have made certain people rich.

lozzy1965

adindas said

TBH I have not done my DD on the safe moon, so I do not know whether it is a good investment or a bad investment.

But what I fail to understand here is that how come the creators of "Safemoon" has used such a dodgy name: "safemoon"

“Safe” and “Moon” will never go hand in hand in investment.

Something considered to be very safe in investment such as treasury bond, Saving guaranteed by the govenment scheme, Gilts, etc will never reach the moon.

Are you saying that you invest in new crypto based on the name of the coin?

How about UniqueFutureCurrency?  MillionaireMakerCoin?

Zola.

lozzy1965 said:

Zola. said:

Even the name just sounds utterly ridiculous, Safe Moon. You'd have to be a special kinda moon cat to buy that absolute scam coin.

All of these sh*tcoins are destined to go to zero. 

Bitcoin is the only one that will win the crypto war, as it is the only actually decentralised coin, proof of work ensures the security, the decentralisation and the verifiction. 

Everything else is a centralised sh*tcoin ran off some AWS server, by a dictator who has pre-mined millions of tokens for themselves, and who can change the policy on a whim. 

Hmmm Dodgecoin would have made certain people rich.

There are always (very few) outliers, and thats why they make the news. The vast majority lose and are late to the party and have the rug pulled on them. The people that win massively (in the millions) typically have money to begin with, as they generally put in several thousand £/$/€ when the tokens are thousands of a penny and seemingly can afford to be wreckless. 

You can make good money on sh*tcoins if you time it, but it is a total gamble and you will get rekt many times if you think it's a sustainable long-term career move. 

Scottex99

I wouldn't agree but DOGE is certainly an absolute freakshow of case. $1k of DOGE on 1st Jan turned into $1bn at peak. 

But you're right that it is a large amount of luck and gambling. I'd still be internally thinking I was a genius if I'd somehow got into DOGE early enough and diamond handed it to f you money though.

There's a big diff between proper sh1tcoins and some of the alts though, including some of the DeFi blue chips and exchange tokens.

BTC and ETH are safer bets (in crypto terms) that they should never ever be going straight to zero.

There is a weird vector though too that because you can make (and lose) money so quickly in crypto, once you have a few speculative punts that work out, you suddenly have excess capital to throw at the new projects. Get lucky on them too and you've just made a lot of money. But you've still gotta crystalise those gains and get them out before the next winter/bear cycles round.

Wagmi - We all have mental illness

adindas

lozzy1965 said:

adindas said

TBH I have not done my DD on the safe moon, so I do not know whether it is a good investment or a bad investment.

But what I fail to understand here is that how come the creators of "Safemoon" has used such a dodgy name: "safemoon"

“Safe” and “Moon” will never go hand in hand in investment.

Something considered to be very safe in investment such as treasury bond, Saving guaranteed by the govenment scheme, Gilts, etc will never reach the moon.

Are you saying that you invest in new crypto based on the name of the coin?

How about UniqueFutureCurrency?  MillionaireMakerCoin?

Nope. Re Read My post. I never said that.

You either one of these things. New to investment, Just know Vanguard Life strategy 60 or 80 Equity which many people in this MSE talk about and blindly believe, new or do not read this thread. So you come to conclusion that a person who actively trade assets could be such a naive in chosing an investment solely based on the name.

lozzy1965 said:

How about UniqueFutureCurrency?  MillionaireMakerCoin?

Sound good, at least name wise it is better than “safemoon”, “Dodge (Dodgy) Coin”

What about launching Lozzy1965Millionaire MakerCoin ??

Will it make you a millionaire? But at least it could make you feel like a millionaire?

adindas

https://www.ons.gov.uk/economy/inflationandpriceindices

The CPI rose by 4.6% in the 12 months to November 2021, up from 3.8% in the 12 months to October. RPI as @ November 2021 4.9%.

People are losing money day by day by not willing to accomodate a calculated risk. Investment risk correspond to the return that you get.

Locking your money for 5-10 years into the treasury bonds, savings guaranteed by Government scheme, Gilts is defenitely a making loss strategy. You will keep losing your money day by day.

"Fortune favours the Brave"

Aegis

adindas said:

https://www.ons.gov.uk/economy/inflationandpriceindices

The CPI rose by 4.6% in the 12 months to November 2021, up from 3.8% in the 12 months to October. People are losing money day by day by putting their money into safe alternative.

Lock your money for 5-10 years into the treasury bonds, savings guaranteed by Government scheme, Gilts if you want to keep losing money day by day.

"Fortune favours the Brave"

Right, but the only alternative to "lose money by leaving cash in savings accounts" isn't "put money into speculative assets".  There are plenty of options between these two in terms of risk, and even those range from a level of risk barely above cash to highly speculative equity investments into companies with high growth prospects in emerging jurisdictions, though that's certainly starting to look like speculation at that point.