FabSwingers.com forum: Cryptocurrency

By *ilthyNights OP Couple
over a year ago

East / North, Cork

Is anyone still into this. I see the price tanking in the last couple of months. Is it going back up? Is this all over? Who made a fortune or lost a fortune?

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By *og-ManMan
over a year ago

somewhere

I bought €100 worth when I saw it on here before for a laugh...sold at €155

Bought another €100 worth a few months ago...its worth 65 I think

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By (user no longer on site)
over a year ago

Hopefully it goes back up is in the toilet at the minute

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By (user no longer on site)
over a year ago

I bought ethereum last year when it was 170e, got bored and sold it. Its now worth over 2k

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By (user no longer on site)
over a year ago

I just don’t get it. Have bought and sold many shares over the years, Standard Life, great, AIB, bad! Just can’t get my head around something that doesn’t exist! Is it basically creating cash out of nothing and then you can sell it??

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By (user no longer on site)
over a year ago

A few in work bought some and sold it for a decent profit. Don't know if they bought more after.

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By (user no longer on site)
over a year ago

"I just don’t get it. Have bought and sold many shares over the years, Standard Life, great, AIB, bad! Just can’t get my head around something that doesn’t exist! Is it basically creating cash out of nothing and then you can sell it??"

All trading is essentially gambling

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By (user no longer on site)
over a year ago

Crypto is very volatile, and if bitcoin slips so does other coins it seems.

It will rise again, but until it's official regulated this will be a regular occurrence

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By (user no longer on site)
over a year ago

Same as the housing boom when everyone was buying second houses. When the ordinary person starts buying into it it’s too late.

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By (user no longer on site)
over a year ago

It's something I got into in a small way while I was out of work during the lockdowns. I've made a few grand out of it. It's genuinely easy to do. It goes up and back down. Follows the same pattern regularly.

Bitcoin I'm guessing will dip to about 28k, possibly lower maybe not even as low and then within a few months it is expected to hit 70k.

If anyone wants to experiment do it through revolut. Throw 20quid on it or something small.

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By *ilthyNights OP Couple
over a year ago

East / North, Cork

"Crypto is very volatile, and if bitcoin slips so does other coins it seems.

It will rise again, but until it's official regulated this will be a regular occurrence "

That's looking very unlikely. Its way more likely it will be banned in other places like it was in China. Rumor has it Russia will ban it soon.

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By *ka ..Agent k ..Man
over a year ago

I've seen this years ago and tbh didn't give it a second thought ,was told by a rep ur mad everybody's making it big but me..

Honestly there's much safer ways of investing if you've surplice cash lying about I think.

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By *inkywife1981Couple
over a year ago

A town near you

I could have made a few quid had I sold a few months back but thought fu@k it il hold onto it

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By (user no longer on site)
over a year ago

I wouldn't dream of going near it as was mentioned already it's essentially gambling. I don't have much to gamble in the first place if i did would i actually i don't think k would. Happiness comes from the inside out it's something money can't buy.

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By *ettaManMan
over a year ago

Based in Kerry, work in Cork.

"Is anyone still into this. I see the price tanking in the last couple of months. Is it going back up? Is this all over? Who made a fortune or lost a fortune?"

I made a nice bit with leverage trading but lost it again with leverage trading. Now, I'm just HODLing.

It'll go back up again, I reckon. I don't think we'll see the multi-year bear markets of old bcos the market has matured a bit and has more institutional investors now.

But what the fuck do I know? I'm just a guy whose made some money, lost it, and HODLing whats left.

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By *ountrygent90Man
over a year ago

Dublin

Volatility is part of the game. This bear market was on the radar for months.

All in on crypto for 2022.

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By (user no longer on site)
over a year ago

I did a bit of mining in the early phase when it was cost effective, now you need to live in Siberia and have your own nuclear power station to mine coins. NFTs are the latest thing, even more bizarre and volatile.

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By *owdyboy 890Man
over a year ago

Country West

[Removed by poster at 23/01/22 01:42:00]

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By *owdyboy 890Man
over a year ago

Country West

It's like backing a horse to win a 2 runner race and 6 hours later if it wins your asked to do it again..

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By *ountrygent90Man
over a year ago

Dublin

"It's like backing a horse to win a 2 runner race and 6 hours later if it wins your asked to do it again.. "

You guys that are trading need to stop losing, just buy and hodl.

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By *ilderMan
over a year ago

dublin

I also don't read my stars either

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By (user no longer on site)
over a year ago

There's a horse running in the 2.40 tomorrow, and I'll enjoy the race too....

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