Crypto predictions, dead or not.

Would you buy any crypto

  • Yes

    Votes: 8 28.6%
  • No

    Votes: 12 42.9%
  • Go back to south Australia

    Votes: 8 28.6%

  • Total voters
    28

cokeonspecialtwodollars

Fartes of Portingale
To be honest I nearly crumbled around Month ago, pretty hard to sell at much of a loss, portfolio now only 2% down. Seems weird but I want everything to drop so I can get in for a lot more. I prefer big profit over tax losses. Damn, that just made me realize I am an old man
You don't set stop losses?
 

safreek

Vealcake
You don't set stop losses?
I just set to buy at low, sell at unrealistic highs, that's why I was very surprised with the eth. To be honest it's a bit of fun with money that would of already been spent on holidays, weed and fast transgender lass's.

I have a belief that it's going to be the same as the stock market soon with regulation, I only have a couple lottery coin/token.

In the near future I am going to actually study the dynamics behind the whole crypto scene, I do believe a lot of it is luck though.

I have gone through about a year's worth of professional traders predictions and the majority were very wrong, the others were pretty vague so could be interpreted in many ways.
 

safreek

Vealcake
Anyone keeping an eye on a lot of the coin/tokens in the last day or so. It's going mad as, some of mine have gone up more than 50 percent today from my buying price.

Predictions on whether I should profit grab or hodl. One would believe you should take the gravy and hope for a short term drop.
Cryto experts, give me some knowledge
 

rockmoose

Likes Bikes and Dirt
I like that you come to a mtb forum for expert crypto advice, and I too am anticipating some sage, measured advice.
 

teK--

Eats Squid
Anyone keeping an eye on a lot of the coin/tokens in the last day or so. It's going mad as, some of mine have gone up more than 50 percent today from my buying price.

Predictions on whether I should profit grab or hodl. One would believe you should take the gravy and hope for a short term drop.
Cryto experts, give me some knowledge
Unless you have like a 10 year plan, you gotta take some profits somewhere. Hedge your bets and mitigate your losses (and wins).

From my perspective once I've cashed out my principle, any remaining in the game is all play money.
 

safreek

Vealcake
Unless you have like a 10 year plan, you gotta take some profits somewhere. Hedge your bets and mitigate your losses (and wins).

From my perspective once I've cashed out my principle, any remaining in the game is all play money.
Yeah, that's the shot. As I got into some of the cheaper stuff gains have been high but the drops are large as well.

I have to say though, I seem to have been lucky in some of my gamble. Sold some of my coin for a good profit and bought a power cage, bench and bars, cost me nothing as I still have more than my initial loot.
Absolutely mad compared to shares and banks. Honestly had big doubts at the start but I really have nothing to lose now
 

dirtdad

Likes Dirt
cost me nothing ... have nothing to lose now
I don't get this.

You took a certain risk with your initial capital. There is an opportunity cost to putting your money there and not somewhere else. That's a cost.

Then when you cashed out profits. It became your money. It's not separate. So choosing to buy X with it costs you exactly that amount of money. Investing your returns also risks losing those returns (plus opp cost again). Something to lose.

Personally, if I take a risk and it comes good, I can't see that win as separate from other losses. It's all one pot.
 

teK--

Eats Squid
I don't get this.

You took a certain risk with your initial capital. There is an opportunity cost to putting your money there and not somewhere else. That's a cost.

Then when you cashed out profits. It became your money. It's not separate. So choosing to buy X with it costs you exactly that amount of money. Investing your returns also risks losing those returns (plus opp cost again). Something to lose.

Personally, if I take a risk and it comes good, I can't see that win as separate from other losses. It's all one pot.
Similar to how people say they are saving money in their bank account which pays interest (after tax) of less than (real) inflation. The opportunity cost there is real.
 

rockmoose

Likes Bikes and Dirt
Is it the same mindset as when your partner comes home from the sales and says "look at how much money I saved"?
 

safreek

Vealcake
I don't get this.

You took a certain risk with your initial capital. There is an opportunity cost to putting your money there and not somewhere else. That's a cost.

Then when you cashed out profits. It became your money. It's not separate. So choosing to buy X with it costs you exactly that amount of money. Investing your returns also risks losing those returns (plus opp cost again). Something to lose.

Personally, if I take a risk and it comes good, I can't see that win as separate from other losses. It's all one pot.
To be honest, there have been no losses. A couple months ago I had been 45% down so paper losses of well over 2k, never a loss until you sell.
Why I regard it as free money is because a lot of it was profit from bike parts and saved money that would of gone on weed.

I fully realise that you may have a more mercenary attitude towards life where every dollar is a loss or gain and good luck to you for it.
My attitude towards life is a bit different with many things and I only see joy in what has happened with my investment, had I put money in conventional banking and such the value of my cash would of gone down, that would suck.
Free money is good money, like pennies from heaven.

"You took a certain risk with your initial capital. There is an opportunity cost to putting your money there and not somewhere else. That's a cost."

Not taking the piss but I still don't understand the cost you talk about, risk, yes, cost, no.
 

safreek

Vealcake
Is it the same mindset as when your partner comes home from the sales and says "look at how much money I saved"?
Totally different.
I don't understand the mindset of people who go out and "invest" 10k in a bicycle that is on special for 8k and tell their mates how much they saved.
2 years later they go and sell their "investment " for 6k. Now that's a true loss.
Same person could of bought a 2nd hand bike for 3k, invested in crypto with the other 5k, 2 years later they have a perfectly serviceable bike that still sells for close to purchase price and another 10k of free money on top of their initial 5k.

Just think 10k for free, you be the judge.
 

safreek

Vealcake
But I will be honest, I take life I'm a more simplistic way, most try to overcomplicate everything and take the joy out of life. If you don't like free money, go ahead and do your own thing.
I will let you know when my initial few k turns into a Milly, just got to stop spend the gravy ;)
 

teK--

Eats Squid
To be honest, there have been no losses. A couple months ago I had been 45% down so paper losses of well over 2k, never a loss until you sell.
Why I regard it as free money is because a lot of it was profit from bike parts and saved money that would of gone on weed.

I fully realise that you may have a more mercenary attitude towards life where every dollar is a loss or gain and good luck to you for it.
My attitude towards life is a bit different with many things and I only see joy in what has happened with my investment, had I put money in conventional banking and such the value of my cash would of gone down, that would suck.
Free money is good money, like pennies from heaven.

"You took a certain risk with your initial capital. There is an opportunity cost to putting your money there and not somewhere else. That's a cost."

Not taking the piss but I still don't understand the cost you talk about, risk, yes, cost, no.
The opportunity cost in that case is another investment which would have yielded higher returns . There is an opportunity cost with every choice made in life.
 
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