BITCOIN

JakeHyde

silvercue said:

JakeHyde said:

Is this the greatest con that's ever been, or the greatest opportunity!  Buy Nvidia instead 🤣

Buy whatever you want.  I bought lots of NVIDIA when it was $60 and continued to buy all the way to $160.  Currently my best performing stock.   But I am far more invested in Bitcoin and some other Cryptos and from this position expect them to make me a lot more profit. 

But for every NVIDIA there is a Jaguar Health, which is one of my worse investments and is currently at 99.97% loss.  I keep it open as a reminder to me!   Just like Crypto.   There are smart buys and terrible buys.

Ouch!  I'm having a similar experience with Rivian at the moment. But, maybe not as bad as 99.97%. 😖

silvercue

JakeHyde said:

silvercue said:

JakeHyde said:

Is this the greatest con that's ever been, or the greatest opportunity!  Buy Nvidia instead 🤣

Buy whatever you want.  I bought lots of NVIDIA when it was $60 and continued to buy all the way to $160.  Currently my best performing stock.   But I am far more invested in Bitcoin and some other Cryptos and from this position expect them to make me a lot more profit. 

But for every NVIDIA there is a Jaguar Health, which is one of my worse investments and is currently at 99.97% loss.  I keep it open as a reminder to me!   Just like Crypto.   There are smart buys and terrible buys.

Ouch!  I'm having a similar experience with Rivian at the moment. But, maybe not as bad as 99.97%. 😖

It's 99.98% loss now 

I also have 2 others at over 99% loss!  DMK Pharmaceuticals & Workhorse Group!   And people say Crypto is gambling! 

JakeHyde

silvercue said:

JakeHyde said:

silvercue said:

JakeHyde said:

Is this the greatest con that's ever been, or the greatest opportunity!  Buy Nvidia instead 🤣

Buy whatever you want.  I bought lots of NVIDIA when it was $60 and continued to buy all the way to $160.  Currently my best performing stock.   But I am far more invested in Bitcoin and some other Cryptos and from this position expect them to make me a lot more profit. 

But for every NVIDIA there is a Jaguar Health, which is one of my worse investments and is currently at 99.97% loss.  I keep it open as a reminder to me!   Just like Crypto.   There are smart buys and terrible buys.

Ouch!  I'm having a similar experience with Rivian at the moment. But, maybe not as bad as 99.97%. 😖

It's 99.98% loss now 

I also have 2 others at over 99% loss!  DMK Pharmaceuticals & Workhorse Group!   And people say Crypto is gambling! 

I'm so sorry for your loss 😖 🍻

My biggest losers are all EV stock. Rivian -£1020 (-25.46%), Tesla -£198 (-22.54%), Nio -£338 (-19.78%)
That being said Apple and Intel aren't doing well either. (-8'ish%)

When BTC fell to $13k, I should have gone all in with £10K  Oooph!!!!  Woulda-coulda-shoulda!

It's just with all the old guard investors saying Bitcoin will fall to zero, and Cathie Wood (not sure I trust her insight) saying it'll climb to X million, it just all felt like red flags.  

I'm still yet to understand how/why Bitcoin is legitimate... but now with the likes of Blackrock creating an ETF, I'm beginning to think I missed the boat.  Every time I broach the subject to my American mate he just repeats 'Buy and Hold Bitcoin', doesn't tell me why or how!  haha

Hey did anyone else get caught up in FTX?  I got my investment out of there just in time. All a whopping £100 of it! haha

Scottex99

Everybody who holds BTC wishes they had bought much earlier and invested much more, pretty standard thought process, much like any investment that has done well.

I think most “newer” people to the space get so caught up in that, that they forget the exit can also be a challenge too. You’ll never get out at the top so you should stick to some kind of target or at least attempt to ladder out as the price rises. Profit is profit at the end of the day. 

Legitimate in what sense? 

As an asset class?
As a new form of money?
As a store of value?

I used FTX app as a portfolio tracker mainly, maybe had a couple hundred staked and lost there.

Teasing ATH right now, must be big sell pressure there as it’s 3rd attempt I think 

silvercue

New ATH this morning.  BITCOIN overtakes silver in most valuable assets by MC.  Google next?

RichTips

"UK regulators to allow crypto-related securities"

"Bitcoin bulls are not the bigger fools"

Not my words. They're both from the FT, today.

DannyCarey

 And here we go! Almost $72,000 now

Scottex99

I wonder when peak fomo starts. I’ve already seen a few posts like “I only have 0.01 BTC, am I going to make it?!”

Every single person on the planet now in profit if they bought spot and held it.

Assuming you didn’t sell the bottom when it crashed, got wrecked by leverage, put all your ETH into 10,000 piece NFT collections of Kangaroos smoking Js, or any other degen stuff.

It’s going to be a big year, time to start dumping the bags on the newbies 🤓

RolandFlagg

Exciting times.

It's gone under the radar a bit but now Uncle Larry at Blackrock has applied for BTC to be added to Global Allocation funds, which I believe are like Vanguard Lifestrategy funds?

This could be a bigger deal than the Bitcoin only ETFs.

Many top clients who just want Blackrock to put them in a one stop fund will not even realise that Blackrock have allocated them 1% BTC or more. It's basically a trojan horse.

And speaking of trojan horse...Saylor buys more BTC.
If MSTR eventually get a S&P 500 slot then it's going to have a massive flywheel effect (watch the YouTube videos done by Quant Bros).

Even the FT had a positive view today.

First they ignore us, then they mock us, then they fight us. Then we WIN.
And as the excellent Ben Felix pointed out the 60/40 portfolio is basically dead with Bonds not only underperforming stocks (never mind BTC) but they actual add risk.

Times are changing.

MeteredOut

This thread is turning into twitter.

To the moon. HODL.