BITCOIN

Scottex99

Malthusian said:

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

Adyinvestment 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?

Zola.

lozzy1965 said:

Adyinvestment 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

Zola. said:

lozzy1965 said:

Adyinvestment 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.

mooneysaver

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!

Scottex99

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!

I wish I could troll this good

Malthusian

Really? I could troll better than that standing on my head after six pints of scrumpy. The point of trolling is to make people angry, not to make them feel sorry for you. The poor guy doesn't even know where he is.

Reaper

I'm no crypto fan but I wouldn't entirely rule out investing if the market falls far enough. Not yet though because I'm expecting there is going to be another fall when El Salvador inevitably abandons Bitcoin and in doing so kills the idea off for other countries waiting to see the outcome of the experiment. I gather the IMF has indicated it won't give them any loans until they do (link).

I am curious how they pay their tax out there. Does the government tell you how much you owe in both bitcoin and fiat? If so I would delay paying until the last moment then pay with whichever was the least, which could save you a massive amount of money (and cost the government lots)!

lozzy1965

Reaper said:

I'm no crypto fan but I wouldn't entirely rule out investing if the market falls far enough. Not yet though because I'm expecting there is going to be another fall when El Salvador inevitably abandons Bitcoin and in doing so kills the idea off for other countries waiting to see the outcome of the experiment. I gather the IMF has indicated it won't give them any loans until they do (link).

I am curious how they pay their tax out there. Does the government tell you how much you owe in both bitcoin and fiat? If so I would delay paying until the last moment then pay with whichever was the least, which could save you a massive amount of money (and cost the government lots)!

Hmmm, when it falls far enough?  The trouble with BITCOIN is that IF it falls low enough that might be the death throws and kick off real panic selling.  Not a prediction nor a 'ponzi' comment

I'd be interested to know if it fell a further 50%, 75%, whatever, would you see it as a buy or as the start of the end?

As for mooneysaver's comments (a little too close the 'the moonies' for my liking) regarding DODGE.  Comical. Was it meant to be?

Scottex99

Nah he's the dude that posts about SAFEMOON too, I'd happily discuss the SHIB phenomenon but this isn't the place for it.

I was buying the Dip at the weekend, have good amounts of powder if it goes sub $30k but just as I got excited, it flipped and started gaining. I do think it'll come off again though.

In the Covid crash, March 2020, I think we were pretty close to some major carnage from cascading liquidations and it was looking ropey for a while. I scooped some up at $4k. In hindsight I'd love to do so again but it gets a bit squeaky at that level. If like me, you think the narrative is more or less unchanged, then its never a bad time to buy