We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

BITCOIN

1166167169171172344

Comments

  •  Zola. said:
    There is a stronger correlation now thats for sure, probably because Wall Street and big institutions have began accumulating etc.  Agreed that we could be in for a bumpy few years in all markets.

    Overall my S&S ISA hasn't dropped that much yet at all though, given its mostly global trackers. 
    Maybe because the markets haven't actually dropped that much at all either :)
  • Zola.
    Zola. Posts: 2,204 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 25 January 2022 at 10:18AM
    Well, I did see that the bigger weighted companies in most indexes, like Microsoft (down 14% in the last month), Apple (-11%), Amazon (-15%), Tesla (-15%), etc.... I had expected an automatic cascade down through the various indexes... was surprised to see it hadn't affected my ISA balance that much...  still time I suppose ;)
  • london21
    london21 Posts: 2,210 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    There are winners and losers.

    Have not been seeing as much buy the dip nowadays.

    I have never gotten involved but ever so often excitement and dread around. 
  • Malthusian
    Malthusian Posts: 11,055 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    I wonder how much money that would previously have been pumped into Bitcoin after a 50% dump can't be this time, because it's already been spunked on NFT clip art.
  • We can't reasonably expect the huge upswings without having to sit through the downswings, the current dip is a normal occurrence for Bitcoin and something I am happy comfortable with.
  • Scottex99
    Scottex99 Posts: 816 Forumite
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    I wonder how much money that would previously have been pumped into Bitcoin after a 50% dump can't be this time, because it's already been spunked on NFT clip art.
    We have unlimited ammo to load as we're in ponzi liquidity pools with 700% APY
  • lozzy1965
    lozzy1965 Posts: 549 Forumite
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    edited 25 January 2022 at 4:10PM
    We can't reasonably expect the huge upswings without having to sit through the downswings, the current dip is a normal occurrence for Bitcoin and something I am happy comfortable with.
    Looking at the Bitcoin all time price chart, maybe not so normal?
  • Zola.
    Zola. Posts: 2,204 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    edited 25 January 2022 at 4:15PM
    lozzy1965 said:
    We can't reasonably expect the huge upswings without having to sit through the downswings, the current dip is a normal occurrence for Bitcoin and something I am happy comfortable with.
    Looking at the Bitcoin all time price chart, maybe not so normal?



    Looking at the highs and low prices, its clear... don't buy Bitcoin, because you can be sure its gonna crash! ;)
  • lozzy1965
    lozzy1965 Posts: 549 Forumite
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    edited 25 January 2022 at 4:21PM
    Zola. said:
    lozzy1965 said:
    We can't reasonably expect the huge upswings without having to sit through the downswings, the current dip is a normal occurrence for Bitcoin and something I am happy comfortable with.
    Looking at the Bitcoin all time price chart, maybe not so normal?



    Looking at the highs and low prices, its clear... don't buy Bitcoin, because you can be sure its gonna crash! ;)
    Ha ha, point taken.  I was just looking at the upy downy (technical term) one for all time and the recent months looked a bit different.  Obviously I'm not saying that means it's doomed - could go up, could go down from here.
  • I love you guys/gals/whatevers. Your money means a lot. At $50 and at hundreds of thousands of you, you really help hold the coin floor. I know this may be a lot of money for many of you. I have been there. In my early 20’s $50 was like $5,000 for me. What I can say is you are doin right by investing at such a young age. These things can take time to develop and when they do they can become the next DOGE. But that took a long time. Be patient with the process. When all you see is RED, buy if you can or tune out if you can’t. SHIB will be around a long time with all the holders and a strong community. We will see some action again soon. Remember, you only lose if you sell, you still own the same SHIB even if it is worth less USD right now. So keep your little $50 in there and God willing it will be a “little $1,000,000” one day. Ignore the angry folks here and the arrogant ones too. Any time you need advice feel free to ping me. I’m no expert, but I know a thing or two. I also know your money is better off in the market than in a bank. Go SHIB!
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 353.5K Banking & Borrowing
  • 254.1K Reduce Debt & Boost Income
  • 455K Spending & Discounts
  • 246.6K Work, Benefits & Business
  • 602.9K Mortgages, Homes & Bills
  • 178.1K Life & Family
  • 260.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.