Crypto currency (IF banned from CA)

[DuuuncanHadaPigeon]

lol same. If I lose it all then I'll start again.

trading like this is just pure degen behaviour. I emplore you to stop trading, you will improve your mental health and relationships with others.

 

[john jako]

trading like this is just pure degen behaviour. I emplore you to stop trading, you will improve your mental health and relationships with others.

He’s already knackered in that department

 

[DuuuncanHadaPigeon]

He’s already knackered in that department

its never too late even for a degen like paris

 

[The binman chronicles]

If it drops all the way to 4.5k, why would it then return again to 60k? All the retail speculators who drove it 60k in the first place will be utterly ruined if it drops to 4.5k.

Who else will be left to keep pumping money into magic beans that routinely shed 30-50% of their value in a week?

Because it has in the past, at some point the people who have thousands of these will trigger a firesale with everyone off loading to prevent/limit losses. Then there will be a cooling off period where the people who have been stung won't want back in but these will be quickly replaced with people who will once it starts making double digit jumps.

Of course there will be a time when it doesn't go back up and eventually hits zero but I doubt it will be after this next crash.

 

[YoboCopter]

Because it has in the past, at some point the people who have thousands of these will trigger a firesale with everyone off loading to prevent/limit losses. Then there will be a cooling off period where the people who have been stung won't want back in but these will be quickly replaced with people who will once it starts making double digit jumps.

Of course there will be a time when it doesn't go back up and eventually hits zero but I doubt it will be after this next crash.

So in your opionin whens the next crash? Like this year? Next 5 ? Rough estimate

 

[catcherintherye]

I will look at BTC around the 4.5k range. It's going to drop like a stone at some point but it might take a good while before it does. For the big investors it's far too good a prospect to not try and organise a collapse, they can then buy in again at a low price and wait for it to hit 60+k in a year or two after the bottom.

I make you about right. I am working to a 10% of the ATH as a base, and probably buying it on the way back up if possible. I'm happy to leave a bit of profit on the table to have that added security.

I happen to think the next collapse will be more brutal than the 2017 (which remember very few saw). Bitcoins ar enow increasingly owned by people who have no ideological or philosophical interest inthe product. Previously there was always a bigger share of people who owned it from what I will colloqially call the "geek" demographic. So they kind of acted as some insulation when the panic came.

At the 1st sign of trouble a lot of these hedge funds will be junking it. Nobody is leaving 30/40/50% profit on the table if they can get out with it. Thats before automatic stop losses are triggered.

The difficulty will be, that you/I will be buying it when every "analyst", every expert on Bloomberg is going to be saying it's dead forever, has no value, is a ponzo scheme etc. Thats where you have to hold your nerve. I don't actually even think this will be about big investors, most of the big investors will have junked it as well by this point, but there will be a window of opportunity if you are willing to hedge for the long term that it will explode again.

As You have said, a 4.5k bet that might go to 100k and might lose is good odds.

 

[catcherintherye]

If it drops all the way to 4.5k, why would it then return again to 60k? All the retail speculators who drove it 60k in the first place will be utterly ruined if it drops to 4.5k.

Who else will be left to keep pumping money into magic beans that routinely shed 30-50% of their value in a week?

Because people can get rich along the way. They will know it can get to 60k, so people play Russian roulette with it. Any assett that gives people 80-100% returns YOY gets people's attention.

In honesty, most of Wall Street analysts are not massively bright people, or at least, they don't behave as such. People will get on board on the assumption there will always be someone more stupid to buy it for more.

 

[catcherintherye]

How soon you think the crash in your opionin am no expert just like to have a little mess around

would you be selling now then buying again after the crash in basic terms?

everythink seems to be flying back up today to what it was anyway like 3 days ago?

Nobody saw the 2017 crash, and there are no fundamentals to bitcoin. However goin on the "days since it has halved" chart, it was always quite likely to be the 2nd half of this year. I felt it would be autumn.

What we could be witnessing is the start of this process now. Yes it's rebounded today, but lets see what tomorrow brings.

I would be very cautious buying currently, as in 2017 nobody saw it coming, and it's better to be out early than left with it late. If I were you, I'd sit and wait, hae a figure in mind you want it to get to, and commit to buying what you're happy to lose when it hits that number.

 

[Paris]

Again all I ask is to show me one person he has scammed followed by one way in which HEX is a scam. If its so obviously a scam this should be really really easy to do.

Please tell me what you think are some more legit projects?

The name “Heart” itself is a pseudonym. Researchers have pointed out that Heart also appears to be Richard James Schueler, a long-time online marketer who has previously promoted life-extension products and was named the “Spam King” after being sued in 2002 for violating anti-spam regulations. He is also alleged to have used a number of other aliases.

Amongst others that are freely available by searching 'Richard Heart scam' . The very best scam artists manage to convince their victims that they're not on the wrong end of a scam. As seems to have happened to you.

 

[DuuuncanHadaPigeon]

Amongst others that are freely available by searching 'Richard Heart scam' . The very best scam artists manage to convince their victims that they're not on the wrong end of a scam. As seems to have happened to you.

What is that video even supposed to prove? That he worked for a charity...what a scammer

Or that is real name is Richard Schueller which he openly admits?

Followed up by a random tweet from Andreas, who makes money selling a book on crypto that is useless.

The tweet is also a baseless accusation. He doesn't say who offered the BTC? Is paying for advertising now a scam? Where is the evidence?

Please try harder Paris.

I wanna know what shitcoins you are bag holding?

 

[Chewbacca]

Does this ever turn into real money? Other than paying for criminal activities I mean.

 

[Tramps_mate]

For crypto currency there was a small correction yesterday and re-bound. When it crashes it will lose 85-90% of it's value and that is due to happen very soon (if you use the metric of how many days until the next crash). That is the big opportunity in all of this, to pick some up for 10% of the peak value. I would be waiting patiently to invest if thats what you intend to do. I have a figure for bitcoin (around 6-7k) that I will start to become interested in.

A lot of enthuasiasts seem to think a crash won't occur. I think it's more likely to occur now, as once it gets wobbly, these hedge fund managers, guys like Elon Musk etc are just going to take their profits. If you are a x 2 on an asset and are judged by YOY performance, you are not going to be hanging in as any point of principle. Now a bigger portion than every of the asset is held by Wall Street Firms, who don't understand how it works, never mind have any loyalty to it, I can see quite a severe crash once it kicks in.

If you are looking to day trade before that, I would use pretty type stop losses. Thats the phase I am at really, I buy in, and have generally a 30-35% stop loss as soon as a buy which trails the price. It makes I sometimes leave some profit on the table, but I save myself from a 90% collapse which is coming. Depending on how risk averse you are, you can't go wrong buying a selection today. It looks like the stochastic measures (and the RSI) are going in the right direction. I'll probably be waiting to see how it "closes" today (not that it ever closes, but see where it is at 10pm) to see if it's held that growth and probably look for a repeat tomorrow and then enter back in. Bitcoin at somewhere around the 47/48k mark having had a couple of days consolidating is good. 30% trailing stop loss and see if we can have a month of growth back towards 65-70k.

My advise would be though, to use stop losses, and keep an eye out for the big crash that will come.

Bitcoin will definitely crash to the levels you suggest. Its 'due' one more. Then it will sky rocket like never before. As you said, timing will be crucial..

What platform do you trade on? I'm on Coinbase which is fine, but I also bought in on Binance which is confusing as hell!

 

[Tramps_mate]

I see it as just a get rich quick scheme but the people never actually get rich with real money

What's $hib aswell by the way, keep seeing this on twitter

I bought several million Shiba Inu a while back. Just speculative really. If it ever reaches $0.01 i'll be quids in! lol

 

[Tramps_mate]

Does this ever turn into real money? Other than paying for criminal activities I mean.

My mums neighbours son, bought several Bitcoin a few years back. He sold one recently and bought a camper van to travel Europe..

 

[YoboCopter]

Bitcoin will definitely crash to the levels you suggest. Its 'due' one more. Then it will sky rocket like never before. As you said, timing will be crucial..

What platform do you trade on? I'm on Coinbase which is fine, but I also bought in on Binance which is confusing as hell!

Surely if you know that, its easy money? Next time it goes low buy then just wait it out!? Its that simple?

everyone you talk to says all the established ones will always go up eventually

whats to loose?