IT BEGINS !!

Let's have some fun with this.....

I'm calling sub 4k, circa $3800 within a week. Possibly a new 2 year low.

Down.. Down...Down...Red Knight going down.
 
Owning crypto is like feeding a toddler. You can watch your money disappear down a hole and see it all spewed back at you.

We're pretty much back where we were a year ago, but this time around because of profoundly different reasons. But, this is the overall market, there are individual projects that have clocked up all time lows just in the last 20 minutes or so eg IOTA. Oops. :eek:

Screen Shot 2020-03-13 at 12.08.37 pm.png
 
Digital CRYPT@CR@P like $#!TC@!N are having a pretty rough go of it with many down 40% and more.
Damn it. It looks like I missed out on the new you-beaut Block-chain 'STORES OF VALUE'.
Guess I'll just have to be content with my 'PET ROCKS'. _JOHNLGALT.

YOUSE GOLDBUGS.JPG
 
Silver260 said:
So I'm in a gambling mood, and BTC seems to have plateaued for now. Thought I'd blow some money in the crypto casino.... Lol.

Had $820 USD parked in my Coinjar account. Let's see how this goes........

View attachment 35018
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What's your strategy, frequent flips or let it ride?

I thinking of auto-trading few bitcoins with standing buy orders at $5,000 and selling orders at $8,000
 
Ipv6Ready said:
What's your strategy, frequent flips or let it ride?

I thinking of auto-trading few bitcoins with standing buy orders at $5,000 and selling orders at $8,000
Click to expand...

I originally got in during the first major bull market ( the $1000 era ) and held on for years and years , lol. I rode it all the way up to $20k and all the way back down to $10k , before selling. Honestly the whole experience nearly did my head in , I don't think I've got the stomach for volatility. But it payed for a great holiday :)

Ever since then I've basically just dabbled in the market. Now my basic strategy is , buy the big dips when the price stabilises , don't get greedy and cash out if I make 50% , and sell if I've lost 20%. I treat it like gambling , never spend what you're not willing to lose. That way I sleep at night now :)

Edit : And I basically stick with a $1000 AUD float. If I make some money I spend it , if not , no big deal.
 
Silver260 said:
I originally got in during the first major bull market ( the $1000 era ) and held on for years and years , lol. I rode it all the way up to $20k and all the way back down to $10k , before selling. Honestly the whole experience nearly did my head in , I don't think I've got the stomach for volatility. But it payed for a great holiday :)

Ever since then I've basically just dabbled in the market. Now my basic strategy is , buy the big dips when the price stabilises , don't get greedy and cash out if I make 50% , and sell if I've lost 20%. I treat it like gambling , never spend what you're not willing to lose. That way I sleep at night now :)
Click to expand...

You did well, working in IT, I know many who became millionaires or at least made hundreds of thousands as it went to $20k but most are still holding on lol or had to liquidate to pay off the new sports car, expensive hookers, toys and holidays.

Don't get me wrong few did very well, enough to get sizeable home deposits etc, but 8 out 10 didn't but had fun

I was in the initial boom, sold many hundreds of bitcoins for few hundred dollars lol. When it was worth few cents each mining on dual crossfire gpu rig (my personal gamer).

Than when it hit $500 decided to wade in again to mine with 4 gpu rig, but with gpu shortage and ridiculous prices, I thought if the price is going up on clockwork, decided just buying the btc to sell on the upside is good enough. So I bought btc with cash and few more up to at $3000 on the way up, sold out completely by $10,000 USD way before the peak.

Since then I watched on the sidelines but not thought about getting in again but now with this virus i'm all cash now, therefore thinking I might buy a few and just let it auto buy and sell at my limits.

I was never a person who believed in crypto changing the world though
 
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Ipv6Ready said:
You did well, working in IT, I know many who became millionaires or at least made hundreds of thousands as it went to $20k but most are still holding on lol or had to liquidate to pay off the new sports car, expensive hookers, toys and holidays.

Don't get me wrong few did very well, enough to get sizeable home deposits etc, but 8 out 10 didn't but had fun

I was in the initial boom, sold many hundreds of bitcoins for few hundred dollars lol. When it was worth few cents each mining on dual crossfire gpu rig (my personal gamer).

Than when it hit $500 decided to wade in again to mine with 4 gpu rig, but with gpu shortage and ridiculous prices, I thought if the price is going up on clockwork, decided just buying the btc to sell on the upside is good enough. So I bought btc with cash and few more up to at $3000 on the way up, sold out completely by $10,000 USD way before the peak.

Since then I watched on the sidelines but not thought about getting in again but now with this virus i'm all cash now, therefore thinking I might buy a few and just let it auto buy and sell at my limits.

I was never a person who believed in crypto changing the world though
Click to expand...

My favourite Bitcoin stories are the ones involving people spending ridiculous quantities when it was worthless. The Pizza guy story is a classic.

Mine involves spending nearly 2 BTC buying coffee around 2015/2016......lol.

By late 2015 I was thinking it's game over. So I start buying my daily coffee with my Coinjar card. I only stopped because the card broke, lol.

And the time I spent 0.25 BTC on some quad ( drone ) parts, worth about $200 aud.
 
I've thought about buying BTC a few times at lows just to flip later but I just havent been able to make the move.
The speculative side draws me but just cant justify that much money for nothing.
I end up petting a silver coin and it calms me.
 
mmm....shiney! said:
Owning crypto is like feeding a toddler. You can watch your money disappear down a hole and see it all spewed back at you.

We're pretty much back where we were a year ago, but this time around because of profoundly different reasons. But, this is the overall market, there are individual projects that have clocked up all time lows just in the last 20 minutes or so eg IOTA. Oops. :eek:

View attachment 34990
Click to expand...

If you were to line up the peak in Jan 18 with Silver's Peak in 2011, it wouldn't be hard to confuse the 2

upload_2020-3-15_3-42-31.png
 
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