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Crypto currency discussion

  1. #476
    Lifer
    Join Date
    Aug 2008
    Location
    holland ma.
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    1,537

    Re: Crypto currency discussion


    This is just my thoughts behind investing crypto. I didnt do it hardcore like lots of people but i did well.


    To me i played crypto as a game. I assumed that money was lost. Its so volitile that your money can go quick. Its also harder to predict than stocks and trades all around the clock which is something to be very aware of. I used money that didnt matter to me and i think thats important with crypto. You can go to sleep and be broke then while sleeping become rich and when you wake up your broker than before because it spiked then crashed.

    Bitcoin did me well. I feel like its played out but it still surprises me both with it highs and how quickly it can shed that. Made plenty of us millionaires several fold.
    Eth seems like a good second. Not as crazy of a ride. Made a few of my friends millionaires.
    Trx looks to make my friends millionaires shortly
    Doge did well but i think is too influenced by musk. A late night drunken tweet by him can and has killed or boomed it. This is the one that i would worry about while sleeping. A few of my friends would have been millionaires with it but stayed in and lost out.
    Ltc i have done well with. Its a slow mover though which i kind of liked. I dont know anyone who has made millions but i know plenty who have made several hundred percent profit on it.

    I still prefer to invest mostly in stocks with dividends. Thats always been a bit of my long haul game. Get that going well so you can switch over to coins i think. That way dripping is doing the stock buying for you, like autopilot.

    You say you have an e fund. I would do another fund to make sure you had access to quick cash to rapid invest if need be. Just hold on to it and make sure you can get to it easily if we see a market crash. I considered mine as an extention of my e fund but used it as play money i guess. It did me well having access to quick cash. That account was linked to all my investing accounts so i didnt have to fumble around getting the cash quickly. I didnt use to buy on a whim though, it was only used during deep drops in whatever i was investing in.

    As always cash is king. The horrors stories i have seen of friends and coworkers putting everything into coins or stocks or whatever only to lose it all makes me want to vomit. I made sure i had lots of cash safely in a bank then started investing heavily. A bit backwards but there is freedom in that. A poor investment choice didnt mean i wasnt eating tomorrow.

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  2. #477
    Lifer
    Join Date
    Aug 2007
    Posts
    2,099

    Re: Crypto currency discussion

    Bitcoin falls below 40k after China crackdown. Everyone is losing their minds about Doge crashing as well. End of the crypto bubble? Would be nice to see a rotation back into growth stocks now.

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  3. #478
    Lifer capitalcrew's Avatar
    Join Date
    Feb 2017
    Location
    Albany NY
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    Re: Crypto currency discussion

    Btc heading for 10k and below.

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  4. #479
    Soul Rider Paul_E_D's Avatar
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    Sep 2003
    Location
    western, MA
    Age
    50
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    14,814

    Re: Crypto currency discussion

    I hope so. I might buy in during this low.

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    Paul_E_D


  5. #480

    Re: Crypto currency discussion

    crypto is volatile, saddle up

    average into it

    healthy pullback...#HODL

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    Last edited by breakdirt916; 05-19-21 at 11:51 AM.

  6. #481
    Lifer capitalcrew's Avatar
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    Feb 2017
    Location
    Albany NY
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    Re: Crypto currency discussion

    Quote Originally Posted by Paul_E_D View Post
    I hope so. I might buy in during this low.
    That's my plan. My buddy, who was correct about the last wave dipping below 2k is saying 5k btc and 300 eth. After selling everything to buy my house (right before everything went up) I'm ready to get back in.

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  7. #482

    Re: Crypto currency discussion

    Musk casually made $0.5B and pretty much tanked BTC. Well played.

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  8. #483
    Lifer jimmycapp's Avatar
    Join Date
    Oct 2008
    Location
    NW CT
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    1,240

    Re: Crypto currency discussion

    Well Tesla did. And they’re still holding on to the rest of the 1.5b they bought ,so, great move?

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  9. #484
    Everybody to the limit!
    Join Date
    Apr 2003
    Location
    Winchester, MA
    Age
    40
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    6,824

    Re: Crypto currency discussion

    I recommend you invest it all on black.

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  10. #485

    Re: Crypto currency discussion

    Wrong, you need a 6 month e-fund in cash, max out a Roth IRA, then dabble in stocks or Crypto

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  11. #486
    Posting Freak OneCheekRider's Avatar
    Join Date
    Aug 2012
    Location
    LA
    Posts
    919

    Re: Crypto currency discussion

    Whatever you do, don't get a motorcycle. Those things are money pits and I hear they're dangerous.

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  12. #487
    Super Moderator OreoGaborio's Avatar
    Join Date
    May 2004
    Location
    MA
    Age
    41
    Posts
    37,601

    Re: Crypto currency discussion

    Quote Originally Posted by Mariodenton View Post
    I got into cryptocurrency at the beginning of COVID because I lost my job and there were no other jobs available, after doing research and calculating costs and gains, I invested most of my savings into crypto trading which ended up earning me more money per month than my previous job because the price of ETH got better. For reference, I was making 110$ per month from my job, but I was earning roughly 160$ from crypto trading every month. I found another job recently, but for quite some time, trading was my primary source of income. Now I roughly earn 500$ per month, through a crypto trading bot (here you can check as well how (https://tradingbot-solutions.com/) automated tradings works. Usually, trading doesn't require a large amount to start. I recommend everyone to do their own research, but I still believe it's early enough to invest a small amount of your income in crypto every month.
    Post Comparison:

    Text Changes:

    -
    I just graduated from high school and have around 250 dollars in savings. I'm planning to invest around 100 dollars in bitcoin for now. Is bitcoin a good investment or are there any other cryptocurrencies that are better?

    +
    I got into cryptocurrency at the beginning of COVID because I lost my job and there were no other jobs available, after doing research and calculating costs and gains, I invested most of my savings into crypto trading which ended up earning me more money per month than my previous job because the price of ETH got better. For reference, I was making 110$ per month from my job, but I was earning roughly 160$ from crypto trading every month. I found another job recently, but for quite some time, trading was my primary source of income. Now I roughly earn 500$ per month, through a crypto trading bot (here you can check as well how (https://tradingbot-solutions.com/) automated tradings works. Usually, trading doesn't require a large amount to start. I recommend everyone to do their own research, but I still believe it's early enough to invest a small amount of your income in crypto every month.

    So which is it, you fuckin spammer?

    Bye bye.

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    Last edited by OreoGaborio; 05-29-21 at 10:36 PM.
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  13. #488

    Re: Crypto currency discussion

    Lol AMC

    Where is this chatter on Reddit?

    I bought in on a tip and considered selling but the fellas in the group chat recommended holding until mid summer.

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  14. #489

    Re: Crypto currency discussion

    Quote Originally Posted by breakdirt916 View Post
    Lol AMC

    Where is this chatter on Reddit?

    I bought in on a tip and considered selling but the fellas in the group chat recommended holding until mid summer.
    Holding is an easy suggestion for people who don't know or don't have experience.

    Knowing when to sell is half the battle. Historically you can look at all the recent spikes in just about everything and the spike doesn't last. Smart money sells, locks in profit and rebuys after if anything.


    With that said, nothing in the market has made sense in this past year so who the fuck knows.

    Nobody has a crystal ball.

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