Join us FREE, we're FREE to use
Web's largest swingers site since 2006.
Already registered?
Login here
Join us FREE, we're FREE to use
Web's largest swingers site since 2006.
Already registered?
Login here
 | Back to forum list |
| Back to Ireland |
| Jump to newest |  |
 hashtag sell the peak in 2025  | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
im invested in crypto since 2013 and tesla since only 2020 lol trust me ive been waiting for this bear market dont be caught scratching your balls in 2025 regretting not investing now  | |||
| Reply privately | Reply in forum | Reply +quote |
 entertainment discussion only | |||
| Reply privately | Reply in forum | Reply +quote |
ill be back in 2025 posting my profit. | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"If it goes to 10k I am thinking of buying two. " Nice, fingers crossed sub 10k would be a dream | |||
| Reply privately | Reply in forum | Reply +quote |
"Gonna buy btc all the way down to 13k miracle if it dropped below that but who knows its never been tested with a global crash ill be back in 2025 posting my profit. "Would you just not wait until it goes to 13k and then buy more of it at that price. What the he'll would you be buying down for?...Will you stop buying down after it goes below 13k? Never catch a falling dagger! | |||
| Reply privately | Reply in forum | Reply +quote |
"Gonna buy btc all the way down to 13k miracle if it dropped below that but who knows its never been tested with a global crash ill be back in 2025 posting my profit.
Would you just not wait until it goes to 13k and then buy more of it at that price. What the he'll would you be buying down for?...Will you stop buying down after it goes below 13k?
Never catch a falling dagger!"And if im wrong and it only drops to 15k? Think ill dollar cost average every month with a fixed amount long term. Not sure about falling daggers in todays climate, plenty of companies with good revenue, balance sheet and prospects sub 50% YTD Buy the dip | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"One thing that the parents always said if it sounds too good to be true it normally is and I know different times to pyramid stuff when we were young hopefully ye all make money off it "  i can understand the ponzi scheme and tulip mania perspective.
But as H Ford said "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning"
The dollar has lost 96% of its value since its creation. Im not waiting for the next 96% loss | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"Haha love it guys im invested in crypto since 2013 and tesla since only 2020 lol trust me ive been waiting for this bear market dont be caught scratching your balls in 2025 regretting not investing now "Ur better off backing horses pal | |||
| Reply privately | Reply in forum | Reply +quote |
"I think people realise the crypto just isn't stable enough for long term investment. Crypto, French bull dogs and XL bullies give it a year or two and nobody will want them " Once they start ridding of cash, cyptro will break all records. | |||
| Reply privately | Reply in forum | Reply +quote |
"I think people realise the crypto just isn't stable enough for long term investment. Crypto, French bull dogs and XL bullies give it a year or two and nobody will want them Once they start ridding of cash, cyptro will break all records. " Once people realise that putting your money into crypto is chaotic speculation and that it's not even related to investing, then they'll be fine. It's those who think they are investing I'd be concerned for! Big problem in this country distinguishing between the two! | |||
| Reply privately | Reply in forum | Reply +quote |
"Haha love it guys im invested in crypto since 2013 and tesla since only 2020 lol trust me ive been waiting for this bear market dont be caught scratching your balls in 2025 regretting not investing now
Ur better off backing horses pal "Definately not, did that 2005 to 2010 with no gainz  | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"Gonna buy btc all the way down to 13k miracle if it dropped below that but who knows its never been tested with a global crash ill be back in 2025 posting my profit. "Another hammering today Needs!! Needs to find serious support and fast. If it goes through 19k I've a feeling it will see 11k in no time. Shout out to the crypto bros that were sitting in their penthouses laughing at rush hour traffic!..CVs printing as we speak! | |||
| Reply privately | Reply in forum | Reply +quote |
"One thing that the parents always said if it sounds too good to be true it normally is and I know different times to pyramid stuff when we were young hopefully ye all make money off it " The problem is there ARE millionaires and billionaires made from crypto. It's a real thing that has made a lot of people a lot of money. It's ALL about when to buy and when to sell. For those people who got it right it wasn't too good to be true. For them it has been a massive success. | |||
| Reply privately | Reply in forum | Reply +quote |
"One thing that the parents always said if it sounds too good to be true it normally is and I know different times to pyramid stuff when we were young hopefully ye all make money off it The problem is there ARE millionaires and billionaires made from crypto. It's a real thing that has made a lot of people a lot of money. It's ALL about when to buy and when to sell. For those people who got it right it wasn't too good to be true. For them it has been a massive success. " It's those millionaires and billionaires, of which there are only a few, who have been pumping and dumping Crypto. The state of people like Matt Damon, getting paid for this and many other influencer also on various social media. Millions of people sucked in and skint! | |||
| Reply privately | Reply in forum | Reply +quote |
"One thing that the parents always said if it sounds too good to be true it normally is and I know different times to pyramid stuff when we were young hopefully ye all make money off it The problem is there ARE millionaires and billionaires made from crypto. It's a real thing that has made a lot of people a lot of money. It's ALL about when to buy and when to sell. For those people who got it right it wasn't too good to be true. For them it has been a massive success. It's those millionaires and billionaires, of which there are only a few, who have been pumping and dumping Crypto. The state of people like Matt Damon, getting paid for this and many other influencer also on various social media. Millions of people sucked in and skint!" Sure.. some did. Others just got in early and sold near the peak | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"The scared people sell The smart people buy when there's blood on the streets " Knock yourself out, there is heaps of it for sale now. You can buy some more again next week when it's even lower again! | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"The scared people sell The smart people buy when there's blood on the streets " Would you have said the same thing at the start of the year I wonder... and lost a ton of money since then | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"I think people realise the crypto just isn't stable enough for long term investment. Crypto, French bull dogs and XL bullies give it a year or two and nobody will want them " 
Dogs trust goin a be busssseey | |||
| Reply privately | Reply in forum | Reply +quote |
"Haha love it guys im invested in crypto since 2013 and tesla since only 2020 lol trust me ive been waiting for this bear market dont be caught scratching your balls in 2025 regretting not investing now "What price do you suggest selling at? If you bought in in 2013 surely you've sold by now? | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"Surely will only go lower now that its below 20k USD. Alot of banks and hedge funds are in at 20k. Once they start to reflect loses on their balance sheet they'll have no option but to sell this driving the price lower. What I don't get is this bitcoin is a not linked to fiat and world banks can't control it. Yet the economy starts to tank, interest rates go up and bitcoin is down over 60% YTD. Why not just invest in apple, amazon, alibaha and the like? " These were all the things Bitcoin was supposed to protect you against, according to its strongest proponents. Buts its failing. Its probably just too early for crypto, maybe in the next generation. As right now it appears cash is still king! | |||
| Reply privately | Reply in forum | Reply +quote |
"I'm still confused.... Are we viral experts...or experts on European law...or political experts.. or financial investment experts... I don't have time to keep up with it all....and after work I normally just like to read or watch tv" Plenty of people have varied interests in the issues effecting the world we live in. Its healthy. Nothing wrong with being up to date with everything going on. | |||
| Reply privately | Reply in forum | Reply +quote |
"Surely will only go lower now that its below 20k USD. Alot of banks and hedge funds are in at 20k. Once they start to reflect loses on their balance sheet they'll have no option but to sell this driving the price lower. What I don't get is this bitcoin is a not linked to fiat and world banks can't control it. Yet the economy starts to tank, interest rates go up and bitcoin is down over 60% YTD. Why not just invest in apple, amazon, alibaha and the like? These were all the things Bitcoin was supposed to protect you against, according to its strongest proponents. Buts its failing. Its probably just too early for crypto, maybe in the next generation. As right now it appears cash is still king!" Cash, or currency if you like, still represents real economies with farms, factories, people, roads, railways, hospitals, healthcare and so on… . Crypto represents nothing in the real world as far as I can see. | |||
| Reply privately | Reply in forum | Reply +quote |
"I'm still confused.... Are we viral experts...or experts on European law...or political experts.. or financial investment experts... I don't have time to keep up with it all....and after work I normally just like to read or watch tv Plenty of people have varied interests in the issues effecting the world we live in. Its healthy. Nothing wrong with being up to date with everything going on. " Not when the same ones seem to be experts on just about everything | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"Surely will only go lower now that its below 20k USD. Alot of banks and hedge funds are in at 20k. Once they start to reflect loses on their balance sheet they'll have no option but to sell this driving the price lower. What I don't get is this bitcoin is a not linked to fiat and world banks can't control it. Yet the economy starts to tank, interest rates go up and bitcoin is down over 60% YTD. Why not just invest in apple, amazon, alibaha and the like? These were all the things Bitcoin was supposed to protect you against, according to its strongest proponents. Buts its failing. Its probably just too early for crypto, maybe in the next generation. As right now it appears cash is still king!" Cash is trash. You’re losing if you’re not invested in something. Doesn’t matter if it’s stocks, crypto, property, or anything that generates a yield. | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"All of you people on here crying and saying it’s dead, must have invested a few months ago, panicked and sold at a loss. Anyone who’s been invested longer is still way up, expected this bear market, and is calmly buying more until the next bull market." None of the above! Most of those who bought crypto pre-2019 are long sold, except for those that got sucked in by the massive amount of pumpers. Anybody who bought since is losing money. Nobody with any sense is buying now. It's very important to understand if your an investor or a speculator. If you're "calmly buying" right now, you're a speculator! | |||
| Reply privately | Reply in forum | Reply +quote |
"All of you people on here crying and saying it’s dead, must have invested a few months ago, panicked and sold at a loss. Anyone who’s been invested longer is still way up, expected this bear market, and is calmly buying more until the next bull market." There only up if they sold. And at what point would you suggest selling?? | |||
| Reply privately | Reply in forum | Reply +quote |
"All of you people on here crying and saying it’s dead, must have invested a few months ago, panicked and sold at a loss. Anyone who’s been invested longer is still way up, expected this bear market, and is calmly buying more until the next bull market. None of the above! Most of those who bought crypto pre-2019 are long sold, except for those that got sucked in by the massive amount of pumpers. Anybody who bought since is losing money. Nobody with any sense is buying now. It's very important to understand if your an investor or a speculator. If you're "calmly buying" right now, you're a speculator!" How can you invest in something that has no real value? It doesn't generate a profit. The only thing your investing in is the hope that someone else comes in a buys at a larger price than what you bought at. | |||
| Reply privately | Reply in forum | Reply +quote |
"All of you people on here crying and saying it’s dead, must have invested a few months ago, panicked and sold at a loss. Anyone who’s been invested longer is still way up, expected this bear market, and is calmly buying more until the next bull market. None of the above! Most of those who bought crypto pre-2019 are long sold, except for those that got sucked in by the massive amount of pumpers. Anybody who bought since is losing money. Nobody with any sense is buying now. It's very important to understand if your an investor or a speculator. If you're "calmly buying" right now, you're a speculator! How can you invest in something that has no real value? It doesn't generate a profit. The only thing your investing in is the hope that someone else comes in a buys at a larger price than what you bought at. " If you think it has no value, then I really can’t help you. The ‘greater fool’ theory happens in all investments. You buy shares in Coca Cola, hoping that someone will buy them off you for a higher price. | |||
| Reply privately | Reply in forum | Reply +quote |
"All of you people on here crying and saying it’s dead, must have invested a few months ago, panicked and sold at a loss. Anyone who’s been invested longer is still way up, expected this bear market, and is calmly buying more until the next bull market. None of the above! Most of those who bought crypto pre-2019 are long sold, except for those that got sucked in by the massive amount of pumpers. Anybody who bought since is losing money. Nobody with any sense is buying now. It's very important to understand if your an investor or a speculator. If you're "calmly buying" right now, you're a speculator!" Have you checked the blockchain, or are you just guessing? | |||
| Reply privately | Reply in forum | Reply +quote |
"All of you people on here crying and saying it’s dead, must have invested a few months ago, panicked and sold at a loss. Anyone who’s been invested longer is still way up, expected this bear market, and is calmly buying more until the next bull market. None of the above! Most of those who bought crypto pre-2019 are long sold, except for those that got sucked in by the massive amount of pumpers. Anybody who bought since is losing money. Nobody with any sense is buying now. It's very important to understand if your an investor or a speculator. If you're "calmly buying" right now, you're a speculator! How can you invest in something that has no real value? It doesn't generate a profit. The only thing your investing in is the hope that someone else comes in a buys at a larger price than what you bought at. If you think it has no value, then I really can’t help you. The ‘greater fool’ theory happens in all investments. You buy shares in Coca Cola, hoping that someone will buy them off you for a higher price." No you buy shares in coca cola because you can see the profit on their balance sheet, dividends they have paid in the past, sales records. What is the value of bitcoin? | |||
| Reply privately | Reply in forum | Reply +quote |
"All of you people on here crying and saying it’s dead, must have invested a few months ago, panicked and sold at a loss. Anyone who’s been invested longer is still way up, expected this bear market, and is calmly buying more until the next bull market. None of the above! Most of those who bought crypto pre-2019 are long sold, except for those that got sucked in by the massive amount of pumpers. Anybody who bought since is losing money. Nobody with any sense is buying now. It's very important to understand if your an investor or a speculator. If you're "calmly buying" right now, you're a speculator! How can you invest in something that has no real value? It doesn't generate a profit. The only thing your investing in is the hope that someone else comes in a buys at a larger price than what you bought at. If you think it has no value, then I really can’t help you. The ‘greater fool’ theory happens in all investments. You buy shares in Coca Cola, hoping that someone will buy them off you for a higher price. No you buy shares in coca cola because you can see the profit on their balance sheet, dividends they have paid in the past, sales records. What is the value of bitcoin? " And you hope the sales increase so that you can sell your shares to someone else in future. But neither of you are in the Coca Cola boardroom so you have no idea of the true value. | |||
| Reply privately | Reply in forum | Reply +quote |
"All of you people on here crying and saying it’s dead, must have invested a few months ago, panicked and sold at a loss. Anyone who’s been invested longer is still way up, expected this bear market, and is calmly buying more until the next bull market. None of the above! Most of those who bought crypto pre-2019 are long sold, except for those that got sucked in by the massive amount of pumpers. Anybody who bought since is losing money. Nobody with any sense is buying now. It's very important to understand if your an investor or a speculator. If you're "calmly buying" right now, you're a speculator! How can you invest in something that has no real value? It doesn't generate a profit. The only thing your investing in is the hope that someone else comes in a buys at a larger price than what you bought at. If you think it has no value, then I really can’t help you. The ‘greater fool’ theory happens in all investments. You buy shares in Coca Cola, hoping that someone will buy them off you for a higher price. No you buy shares in coca cola because you can see the profit on their balance sheet, dividends they have paid in the past, sales records. What is the value of bitcoin? And you hope the sales increase so that you can sell your shares to someone else in future. But neither of you are in the Coca Cola boardroom so you have no idea of the true value." Well I could look at increased population, new products, M and As, entry to new markets. So come on. What's the value of bitcoin? | |||
| Reply privately | Reply in forum | Reply +quote |
"All of you people on here crying and saying it’s dead, must have invested a few months ago, panicked and sold at a loss. Anyone who’s been invested longer is still way up, expected this bear market, and is calmly buying more until the next bull market. None of the above! Most of those who bought crypto pre-2019 are long sold, except for those that got sucked in by the massive amount of pumpers. Anybody who bought since is losing money. Nobody with any sense is buying now. It's very important to understand if your an investor or a speculator. If you're "calmly buying" right now, you're a speculator! How can you invest in something that has no real value? It doesn't generate a profit. The only thing your investing in is the hope that someone else comes in a buys at a larger price than what you bought at. If you think it has no value, then I really can’t help you. The ‘greater fool’ theory happens in all investments. You buy shares in Coca Cola, hoping that someone will buy them off you for a higher price. No you buy shares in coca cola because you can see the profit on their balance sheet, dividends they have paid in the past, sales records. What is the value of bitcoin? And you hope the sales increase so that you can sell your shares to someone else in future. But neither of you are in the Coca Cola boardroom so you have no idea of the true value. Well I could look at increased population, new products, M and As, entry to new markets. So come on. What's the value of bitcoin? " Bitcoins use case is a store of value, like digital gold. You can say that has no value, but try storing or shipping tons of gold when you want to send it to someone. If you look at other cryptos like Ethereum, you can replace a lot of traditional finance with transparent decentralized versions. | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"I don’t understand or invest in crypto but if you study the charts and look at what is going on not what you want to think is going on and at the speed it’s falling 0 is a real possibility coinbase layed off 1100 people last week and another broker that I can’t think of aren’t paying out any more so crypto is in real trouble in the case of bitcoin 20000 holds it might have a chance if it doesn’t 12 is next stop then 5 and 0 " Turn on log scale on the chart that you are looking at. 11k to 15k is the bottom, then we go up next year. | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"I don’t understand or invest in crypto but if you study the charts and look at what is going on not what you want to think is going on and at the speed it’s falling 0 is a real possibility coinbase layed off 1100 people last week and another broker that I can’t think of aren’t paying out any more so crypto is in real trouble in the case of bitcoin 20000 holds it might have a chance if it doesn’t 12 is next stop then 5 and 0 Turn on log scale on the chart that you are looking at. 11k to 15k is the bottom, then we go up next year." Its needs to hold the 20k it did today. 11-12k is not the bottom,it is support. If the support fails we'll be in new territory! | |||
| Reply privately | Reply in forum | Reply +quote |
"I don’t understand or invest in crypto but if you study the charts and look at what is going on not what you want to think is going on and at the speed it’s falling 0 is a real possibility coinbase layed off 1100 people last week and another broker that I can’t think of aren’t paying out any more so crypto is in real trouble in the case of bitcoin 20000 holds it might have a chance if it doesn’t 12 is next stop then 5 and 0 Turn on log scale on the chart that you are looking at. 11k to 15k is the bottom, then we go up next year." Ur brainwashed pal ... Who excepts bitcoins for payment .... | |||
| Reply privately | Reply in forum | Reply +quote |
"Surely will only go lower now that its below 20k USD. Alot of banks and hedge funds are in at 20k. Once they start to reflect loses on their balance sheet they'll have no option but to sell this driving the price lower. What I don't get is this bitcoin is a not linked to fiat and world banks can't control it. Yet the economy starts to tank, interest rates go up and bitcoin is down over 60% YTD. Why not just invest in apple, amazon, alibaha and the like? These were all the things Bitcoin was supposed to protect you against, according to its strongest proponents. Buts its failing. Its probably just too early for crypto, maybe in the next generation. As right now it appears cash is still king! Cash is trash. You’re losing if you’re not invested in something. Doesn’t matter if it’s stocks, crypto, property, or anything that generates a yield." Crypto doesn’t generate a yield only capital growth or capital loss, mostly the latter recently! Cash in savings generates an interest yield, it’s just woeful compared to inflation | |||
| Reply privately | Reply in forum | Reply +quote |
"All of you people on here crying and saying it’s dead, must have invested a few months ago, panicked and sold at a loss. Anyone who’s been invested longer is still way up, expected this bear market, and is calmly buying more until the next bull market. None of the above! Most of those who bought crypto pre-2019 are long sold, except for those that got sucked in by the massive amount of pumpers. Anybody who bought since is losing money. Nobody with any sense is buying now. It's very important to understand if your an investor or a speculator. If you're "calmly buying" right now, you're a speculator! How can you invest in something that has no real value? It doesn't generate a profit. The only thing your investing in is the hope that someone else comes in a buys at a larger price than what you bought at. If you think it has no value, then I really can’t help you. The ‘greater fool’ theory happens in all investments. You buy shares in Coca Cola, hoping that someone will buy them off you for a higher price. No you buy shares in coca cola because you can see the profit on their balance sheet, dividends they have paid in the past, sales records. What is the value of bitcoin? And you hope the sales increase so that you can sell your shares to someone else in future. But neither of you are in the Coca Cola boardroom so you have no idea of the true value. Well I could look at increased population, new products, M and As, entry to new markets. So come on. What's the value of bitcoin? Bitcoins use case is a store of value, like digital gold. You can say that has no value, but try storing or shipping tons of gold when you want to send it to someone. If you look at other cryptos like Ethereum, you can replace a lot of traditional finance with transparent decentralized versions." Curropto have no value. Whilst it is true there can be a finite number of bitcoin units there can be an infinite number of such currencies can be created. Unlike gold the total supply of crypto units is limitless | |||
| Reply privately | Reply in forum | Reply +quote |
"Surely will only go lower now that its below 20k USD. Alot of banks and hedge funds are in at 20k. Once they start to reflect loses on their balance sheet they'll have no option but to sell this driving the price lower. What I don't get is this bitcoin is a not linked to fiat and world banks can't control it. Yet the economy starts to tank, interest rates go up and bitcoin is down over 60% YTD. Why not just invest in apple, amazon, alibaha and the like? These were all the things Bitcoin was supposed to protect you against, according to its strongest proponents. Buts its failing. Its probably just too early for crypto, maybe in the next generation. As right now it appears cash is still king! Cash is trash. You’re losing if you’re not invested in something. Doesn’t matter if it’s stocks, crypto, property, or anything that generates a yield. Crypto doesn’t generate a yield only capital growth or capital loss, mostly the latter recently! Cash in savings generates an interest yield, it’s just woeful compared to inflation" It’s unlikely that anyone comes to a swinging site to learn about crypto currency, so I’m not going to bother correcting this and arguing with you. | |||
| Reply privately | Reply in forum | Reply +quote |
"Gonna buy btc all the way down to 13k miracle if it dropped below that but who knows its never been tested with a global crash ill be back in 2025 posting my profit.
Would you just not wait until it goes to 13k and then buy more of it at that price. What the he'll would you be buying down for?...Will you stop buying down after it goes below 13k?
Never catch a falling dagger!"Love that quote. Never catch a falling dagger | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"Surely will only go lower now that its below 20k USD. Alot of banks and hedge funds are in at 20k. Once they start to reflect loses on their balance sheet they'll have no option but to sell this driving the price lower. What I don't get is this bitcoin is a not linked to fiat and world banks can't control it. Yet the economy starts to tank, interest rates go up and bitcoin is down over 60% YTD. Why not just invest in apple, amazon, alibaha and the like? These were all the things Bitcoin was supposed to protect you against, according to its strongest proponents. Buts its failing. Its probably just too early for crypto, maybe in the next generation. As right now it appears cash is still king! Cash is trash. You’re losing if you’re not invested in something. Doesn’t matter if it’s stocks, crypto, property, or anything that generates a yield. Crypto doesn’t generate a yield only capital growth or capital loss, mostly the latter recently! Cash in savings generates an interest yield, it’s just woeful compared to inflation It’s unlikely that anyone comes to a swinging site to learn about crypto currency, so I’m not going to bother correcting this and arguing with you." There is no correcting this... because its true. Bitcoin doesn't generate interest. Compound interest doesn't happen. Its just a bet on an increase in market value. | |||
| Reply privately | Reply in forum | Reply +quote |
"Surely will only go lower now that its below 20k USD. Alot of banks and hedge funds are in at 20k. Once they start to reflect loses on their balance sheet they'll have no option but to sell this driving the price lower. What I don't get is this bitcoin is a not linked to fiat and world banks can't control it. Yet the economy starts to tank, interest rates go up and bitcoin is down over 60% YTD. Why not just invest in apple, amazon, alibaha and the like? These were all the things Bitcoin was supposed to protect you against, according to its strongest proponents. Buts its failing. Its probably just too early for crypto, maybe in the next generation. As right now it appears cash is still king! Cash is trash. You’re losing if you’re not invested in something. Doesn’t matter if it’s stocks, crypto, property, or anything that generates a yield. Crypto doesn’t generate a yield only capital growth or capital loss, mostly the latter recently! Cash in savings generates an interest yield, it’s just woeful compared to inflation It’s unlikely that anyone comes to a swinging site to learn about crypto currency, so I’m not going to bother correcting this and arguing with you. There is no correcting this... because its true. Bitcoin doesn't generate interest. Compound interest doesn't happen. Its just a bet on an increase in market value." There are other cryptos that generate yield, there are proof of stake chains that you pay you yield to stake your coins such as polkadot, cardano, and eventually Ethereum. There is also defi which is more complicated but generates yield. | |||
| Reply privately | Reply in forum | Reply +quote |
"Surely will only go lower now that its below 20k USD. Alot of banks and hedge funds are in at 20k. Once they start to reflect loses on their balance sheet they'll have no option but to sell this driving the price lower. What I don't get is this bitcoin is a not linked to fiat and world banks can't control it. Yet the economy starts to tank, interest rates go up and bitcoin is down over 60% YTD. Why not just invest in apple, amazon, alibaha and the like? These were all the things Bitcoin was supposed to protect you against, according to its strongest proponents. Buts its failing. Its probably just too early for crypto, maybe in the next generation. As right now it appears cash is still king! Cash is trash. You’re losing if you’re not invested in something. Doesn’t matter if it’s stocks, crypto, property, or anything that generates a yield. Crypto doesn’t generate a yield only capital growth or capital loss, mostly the latter recently! Cash in savings generates an interest yield, it’s just woeful compared to inflation It’s unlikely that anyone comes to a swinging site to learn about crypto currency, so I’m not going to bother correcting this and arguing with you. There is no correcting this... because its true. Bitcoin doesn't generate interest. Compound interest doesn't happen. Its just a bet on an increase in market value. There are other cryptos that generate yield, there are proof of stake chains that you pay you yield to stake your coins such as polkadot, cardano, and eventually Ethereum. There is also defi which is more complicated but generates yield." Good to know. Not convinced though. | |||
| Reply privately | Reply in forum | Reply +quote |
" Good to know. Not convinced though. " In my profession circle, almost everyone is into it, so I find the comments here interesting to get a wider cross section on the level of adoption. What’s hilarious is the haters who think it’s dying and also the people who know a little bit about it, but not a lot really. | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"U still haven't told us who excepts it as payment ...." Flippant answer - Mostly darknet illicit substances, weapons, and credit card numbers. Actual answer - Not that important really as you can sell for traditional currency and spend as per normal. It's easy enough to turn bitcoin into real money when needed. | |||
| Reply privately | Reply in forum | Reply +quote |
"U still haven't told us who excepts it as payment ...." I take it. Anyone who is a seller, come to me and I will show you a bid. | |||
| Reply privately | Reply in forum | Reply +quote |
" Good to know. Not convinced though. In my profession circle, almost everyone is into it, so I find the comments here interesting to get a wider cross section on the level of adoption. What’s hilarious is the haters who think it’s dying and also the people who know a little bit about it, but not a lot really." My view is that every day is a learning day. I learned something new today. Its information, I got to distil it all and spend my 50 cent wisely. | |||
| Reply privately | Reply in forum | Reply +quote |
" Good to know. Not convinced though. In my profession circle, almost everyone is into it, so I find the comments here interesting to get a wider cross section on the level of adoption. What’s hilarious is the haters who think it’s dying and also the people who know a little bit about it, but not a lot really." Just because lots of people are into it, doesn't mean its a good investment. It doesn't say anything useful at all really as to whether it's going to the floor or the moon. Recent trends look bad though. There is of course a very reasonable chance the ass will fall out of this and a lot of people lose a lot of money. | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"Hang in there. It's been just as volatile on the upside as the downside. Why hasn't it gone to zero. Its gonna be around a long long time. " Just because it's not gone to zero already doesn't mean its not gonna go down significantly and lose a lot of people a lot more money. | |||
| Reply privately | Reply in forum | Reply +quote |
" Good to know. Not convinced though. In my profession circle, almost everyone is into it, so I find the comments here interesting to get a wider cross section on the level of adoption. What’s hilarious is the haters who think it’s dying and also the people who know a little bit about it, but not a lot really." What I find hard to understand is how people are so upbeat about this when they lost 30% of their money in bitcoin over the last month alone. | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"The annual business 1000 supplement in today's Irish Times did not recommend crypto as a blue chip investment, but a lot of other sectors of Irish business also did very badly over the past few years. The best investment, net profit as a percentage of turnover was Just Eat, but Deliveroo lagged well behind. One of the worst performers was Ryanair! No customers and massive fixed finance charges for an unused fleet of Boeing aircraft. Four most successful Irish businesses were Apple, Google, et al. " This. A lot of funds had a small percentage in crypto as it was seen as a hedge against inflation.... which it clearly is not. Lots are reducing their holding. | |||
| Reply privately | Reply in forum | Reply +quote |
"U still haven't told us who excepts it as payment ...." I never said it was a payment means, I said it was a store of value. But since you asked, it’s legal tender in El Salvador for a start, so every shop in the whole country. | |||
| Reply privately | Reply in forum | Reply +quote |
" Good to know. Not convinced though. In my profession circle, almost everyone is into it, so I find the comments here interesting to get a wider cross section on the level of adoption. What’s hilarious is the haters who think it’s dying and also the people who know a little bit about it, but not a lot really. Just because lots of people are into it, doesn't mean its a good investment. It doesn't say anything useful at all really as to whether it's going to the floor or the moon. Recent trends look bad though. There is of course a very reasonable chance the ass will fall out of this and a lot of people lose a lot of money." You have a lot of opinions on a topic that you really haven’t researched much. Keep digging though and you will get it. | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
" El Salvador as a shining example is not really a shining example in fairness Tesla don't accept it as payment for a car ....says it all really " You don’t buy gold so that you can buy a car with it. Same for bitcoin. Someone asked for an example of who accepts it as a payment, so I gave him an example, an entire country. Payment is a use case but not the main one. | |||
| Reply privately | Reply in forum | Reply +quote |
" El Salvador as a shining example is not really a shining example in fairness Tesla don't accept it as payment for a car ....says it all really You don’t buy gold so that you can buy a car with it. Same for bitcoin. Someone asked for an example of who accepts it as a payment, so I gave him an example, an entire country. Payment is a use case but not the main one." The reason I mentioned Tesla is because of Musk and his utterances on crypto which all add to the mystery of is it a scam | |||
| Reply privately | Reply in forum | Reply +quote |
" El Salvador as a shining example is not really a shining example in fairness Tesla don't accept it as payment for a car ....says it all really You don’t buy gold so that you can buy a car with it. Same for bitcoin. Someone asked for an example of who accepts it as a payment, so I gave him an example, an entire country. Payment is a use case but not the main one. The reason I mentioned Tesla is because of Musk and his utterances on crypto which all add to the mystery of is it a scam " Yea, he’s just trolling everyone on twitter, and manipulating what he can | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
" Good to know. Not convinced though. In my profession circle, almost everyone is into it, so I find the comments here interesting to get a wider cross section on the level of adoption. What’s hilarious is the haters who think it’s dying and also the people who know a little bit about it, but not a lot really. Just because lots of people are into it, doesn't mean its a good investment. It doesn't say anything useful at all really as to whether it's going to the floor or the moon. Recent trends look bad though. There is of course a very reasonable chance the ass will fall out of this and a lot of people lose a lot of money. You have a lot of opinions on a topic that you really haven’t researched much. Keep digging though and you will get it." It would be a lot easier to debate you on this topic if you would post facts and opinion on the subject at hand, rather than diverting (from a substantially truthful post) by attacking my knowledge (or lack of) in the area. | |||
| Reply privately | Reply in forum | Reply +quote |
" El Salvador as a shining example is not really a shining example in fairness Tesla don't accept it as payment for a car ....says it all really You don’t buy gold so that you can buy a car with it. Same for bitcoin. Someone asked for an example of who accepts it as a payment, so I gave him an example, an entire country. Payment is a use case but not the main one. The reason I mentioned Tesla is because of Musk and his utterances on crypto which all add to the mystery of is it a scam " It's not a scam. More like a gamble. | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"Crypto is just another pyramid scheme. The first people in and to cash out at the right time will make money but everyone else will loose out. You can not just create wealth out of nothing. " It'd not quite as bad as that. The market has gone up and down so its not just the early adopters who could make money. | |||
| Reply privately | Reply in forum | Reply +quote |
"Just read this in the paper The chickens are coming home to roost ...cryptocurrencies have no intrinsic value...The only reason to buy them is you think the prices are going to go up...Its the greater fool theory....The bet is that there will always be one fool willing to buy the thing you are trying to sell ....until there are no fools left " This. Also its important to ignore a lot of the rhetoric because there is money to be gained from bigging up the potential in order to increase demand and increase prices, and therefore the value of their own holding. This wouldn't be beyond the ability of billionaires and wannabes on Internet sex site forums  | |||
| Reply privately | Reply in forum | Reply +quote |
" Good to know. Not convinced though. In my profession circle, almost everyone is into it, so I find the comments here interesting to get a wider cross section on the level of adoption. What’s hilarious is the haters who think it’s dying and also the people who know a little bit about it, but not a lot really. Just because lots of people are into it, doesn't mean its a good investment. It doesn't say anything useful at all really as to whether it's going to the floor or the moon. Recent trends look bad though. There is of course a very reasonable chance the ass will fall out of this and a lot of people lose a lot of money. You have a lot of opinions on a topic that you really haven’t researched much. Keep digging though and you will get it. It would be a lot easier to debate you on this topic if you would post facts and opinion on the subject at hand, rather than diverting (from a substantially truthful post) by attacking my knowledge (or lack of) in the area. " I say crypto currencies generate yield, and you say this is not true, because bitcoin doesn’t generate yield. Debating is pointless with this form of logic. | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"Polkadot is down from a recent high of €52 to just €7.60 today Cardano is down to €0.47 from a recent high of €2.94 Both do appear to be paying a yield of some kind, but nowhere near enough to make up for the loss in value. " You’re looking at the % down from the top, but what you need to consider is how highly the % up was before the dip. For example, if you start with €100, and you get a 50x increase, you now have €5000 at the peak. If the dip is 80% like what you see now, you still have €1000, so you are still 10x up on your original investment. | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"Sure.. the early adopters did great. They took a big risk on a new coin/protocol and won big. It was a gamble though. Other coins have collapsed and it was by no means a safe investment with the knowledge that existed at the time. Back then it was high risk for high reward. A gamble that payed off. This year its been high risk and a significant loss. A gamble that lost big time." Zoom out. What I described has happened multiple times on a roughly four year cycle. Anyone that’s in longer than two years is doing well, anyone who is in a year and bought the top, just needs to wait two or three years. | |||
| Reply privately | Reply in forum | Reply +quote |
"Surely will only go lower now that its below 20k USD. Alot of banks and hedge funds are in at 20k. Once they start to reflect loses on their balance sheet they'll have no option but to sell this driving the price lower. What I don't get is this bitcoin is a not linked to fiat and world banks can't control it. Yet the economy starts to tank, interest rates go up and bitcoin is down over 60% YTD. Why not just invest in apple, amazon, alibaha and the like? These were all the things Bitcoin was supposed to protect you against, according to its strongest proponents. Buts its failing. Its probably just too early for crypto, maybe in the next generation. As right now it appears cash is still king! Cash is trash. You’re losing if you’re not invested in something. Doesn’t matter if it’s stocks, crypto, property, or anything that generates a yield. Crypto doesn’t generate a yield only capital growth or capital loss, mostly the latter recently! Cash in savings generates an interest yield, it’s just woeful compared to inflation It’s unlikely that anyone comes to a swinging site to learn about crypto currency, so I’m not going to bother correcting this and arguing with you. There is no correcting this... because its true. Bitcoin doesn't generate interest. Compound interest doesn't happen. Its just a bet on an increase in market value. There are other cryptos that generate yield, there are proof of stake chains that you pay you yield to stake your coins such as polkadot, cardano, and eventually Ethereum. There is also defi which is more complicated but generates yield." . Haha. Yeah good luck with those schemes. In simple terms you are allowing someone to use your digital “asset” as collateral for someone else’s loan. | |||
| Reply privately | Reply in forum | Reply +quote |
"Surely will only go lower now that its below 20k USD. Alot of banks and hedge funds are in at 20k. Once they start to reflect loses on their balance sheet they'll have no option but to sell this driving the price lower. What I don't get is this bitcoin is a not linked to fiat and world banks can't control it. Yet the economy starts to tank, interest rates go up and bitcoin is down over 60% YTD. Why not just invest in apple, amazon, alibaha and the like? These were all the things Bitcoin was supposed to protect you against, according to its strongest proponents. Buts its failing. Its probably just too early for crypto, maybe in the next generation. As right now it appears cash is still king! Cash is trash. You’re losing if you’re not invested in something. Doesn’t matter if it’s stocks, crypto, property, or anything that generates a yield. Crypto doesn’t generate a yield only capital growth or capital loss, mostly the latter recently! Cash in savings generates an interest yield, it’s just woeful compared to inflation It’s unlikely that anyone comes to a swinging site to learn about crypto currency, so I’m not going to bother correcting this and arguing with you. There is no correcting this... because its true. Bitcoin doesn't generate interest. Compound interest doesn't happen. Its just a bet on an increase in market value. There are other cryptos that generate yield, there are proof of stake chains that you pay you yield to stake your coins such as polkadot, cardano, and eventually Ethereum. There is also defi which is more complicated but generates yield. . Haha. Yeah good luck with those schemes. In simple terms you are allowing someone to use your digital “asset” as collateral for someone else’s loan. "Actually no, I don’t use those centralized platforms. I have control over the keys. You’re thinking about something completely different than what I was describing. | |||
| Reply privately | Reply in forum | Reply +quote |
" El Salvador as a shining example is not really a shining example in fairness Tesla don't accept it as payment for a car ....says it all really You don’t buy gold so that you can buy a car with it. Same for bitcoin. Someone asked for an example of who accepts it as a payment, so I gave him an example, an entire country. Payment is a use case but not the main one." A lot of people using gold and crypto as a store of value, they say that interest rates increase on average at 2% per year (the last few years even higher) I still use cash for everyday things but I do put some savings into my crypto account instead of saving in the bank as a way to try and beat inflation | |||
| Reply privately | Reply in forum | Reply +quote |
" El Salvador as a shining example is not really a shining example in fairness Tesla don't accept it as payment for a car ....says it all really You don’t buy gold so that you can buy a car with it. Same for bitcoin. Someone asked for an example of who accepts it as a payment, so I gave him an example, an entire country. Payment is a use case but not the main one. A lot of people using gold and crypto as a store of value, they say that interest rates increase on average at 2% per year (the last few years even higher) I still use cash for everyday things but I do put some savings into my crypto account instead of saving in the bank as a way to try and beat inflation " Oh no! So you lost most of your savings in the past few months  | |||
| Reply privately | Reply in forum | Reply +quote |
" El Salvador as a shining example is not really a shining example in fairness Tesla don't accept it as payment for a car ....says it all really You don’t buy gold so that you can buy a car with it. Same for bitcoin. Someone asked for an example of who accepts it as a payment, so I gave him an example, an entire country. Payment is a use case but not the main one. A lot of people using gold and crypto as a store of value, they say that interest rates increase on average at 2% per year (the last few years even higher) I still use cash for everyday things but I do put some savings into my crypto account instead of saving in the bank as a way to try and beat inflation Oh no! So you lost most of your savings in the past few months "Technically yes, but I would have lost atleast 2% if it was sitting in the bank or under the bed in cash aswell | |||
| Reply privately | Reply in forum | Reply +quote |
" El Salvador as a shining example is not really a shining example in fairness Tesla don't accept it as payment for a car ....says it all really You don’t buy gold so that you can buy a car with it. Same for bitcoin. Someone asked for an example of who accepts it as a payment, so I gave him an example, an entire country. Payment is a use case but not the main one. A lot of people using gold and crypto as a store of value, they say that interest rates increase on average at 2% per year (the last few years even higher) I still use cash for everyday things but I do put some savings into my crypto account instead of saving in the bank as a way to try and beat inflation Oh no! So you lost most of your savings in the past few months
Technically yes, but I would have lost atleast 2% if it was sitting in the bank or under the bed in cash aswell"I think the bank’s interest rate is something like 0.01 % per annum on savings accounts you can receive upto 5% APY on some cryptocurrency’s | |||
| Reply privately | Reply in forum | Reply +quote |
" El Salvador as a shining example is not really a shining example in fairness Tesla don't accept it as payment for a car ....says it all really You don’t buy gold so that you can buy a car with it. Same for bitcoin. Someone asked for an example of who accepts it as a payment, so I gave him an example, an entire country. Payment is a use case but not the main one. A lot of people using gold and crypto as a store of value, they say that interest rates increase on average at 2% per year (the last few years even higher) I still use cash for everyday things but I do put some savings into my crypto account instead of saving in the bank as a way to try and beat inflation Oh no! So you lost most of your savings in the past few months
Technically yes, but I would have lost atleast 2% if it was sitting in the bank or under the bed in cash aswell
I think the bank’s interest rate is something like 0.01 % per annum on savings accounts you can receive upto 5% APY on some cryptocurrency’s "On the plus side Terra was offering 20% and the minus side you'd be losing 99% of your principal  | |||
| Reply privately | Reply in forum | Reply +quote |
" El Salvador as a shining example is not really a shining example in fairness Tesla don't accept it as payment for a car ....says it all really You don’t buy gold so that you can buy a car with it. Same for bitcoin. Someone asked for an example of who accepts it as a payment, so I gave him an example, an entire country. Payment is a use case but not the main one. A lot of people using gold and crypto as a store of value, they say that interest rates increase on average at 2% per year (the last few years even higher) I still use cash for everyday things but I do put some savings into my crypto account instead of saving in the bank as a way to try and beat inflation Oh no! So you lost most of your savings in the past few months
Technically yes, but I would have lost atleast 2% if it was sitting in the bank or under the bed in cash aswell"You didn’t lose if you didn’t sell, and you lose way more than 2% to inflation leaving your money in the bank. | |||
| Reply privately | Reply in forum | Reply +quote |
" El Salvador as a shining example is not really a shining example in fairness Tesla don't accept it as payment for a car ....says it all really You don’t buy gold so that you can buy a car with it. Same for bitcoin. Someone asked for an example of who accepts it as a payment, so I gave him an example, an entire country. Payment is a use case but not the main one. A lot of people using gold and crypto as a store of value, they say that interest rates increase on average at 2% per year (the last few years even higher) I still use cash for everyday things but I do put some savings into my crypto account instead of saving in the bank as a way to try and beat inflation Oh no! So you lost most of your savings in the past few months
Technically yes, but I would have lost atleast 2% if it was sitting in the bank or under the bed in cash aswell
You didn’t lose if you didn’t sell, and you lose way more than 2% to inflation leaving your money in the bank."You need to go to finance school before bankruptcy swallows you. | |||
| Reply privately | Reply in forum | Reply +quote |
" El Salvador as a shining example is not really a shining example in fairness Tesla don't accept it as payment for a car ....says it all really You don’t buy gold so that you can buy a car with it. Same for bitcoin. Someone asked for an example of who accepts it as a payment, so I gave him an example, an entire country. Payment is a use case but not the main one. A lot of people using gold and crypto as a store of value, they say that interest rates increase on average at 2% per year (the last few years even higher) I still use cash for everyday things but I do put some savings into my crypto account instead of saving in the bank as a way to try and beat inflation Oh no! So you lost most of your savings in the past few months
Technically yes, but I would have lost atleast 2% if it was sitting in the bank or under the bed in cash aswell
You didn’t lose if you didn’t sell, and you lose way more than 2% to inflation leaving your money in the bank.
You need to go to finance school before bankruptcy swallows you. "I’ll think about attending after I retire soon. | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
"But the purchasing power of bitcoin isn't immune to inflation. If there is 5% inflation and bitcoin drops in value another 50%... then the purchasing power of that bitcoin has reduced 55%. Same as any other currency in a time of inflation. Its no more immune to the effect of inflation than anything else. " . | |||
| Reply privately | Reply in forum | Reply +quote |
" El Salvador as a shining example is not really a shining example in fairness Tesla don't accept it as payment for a car ....says it all really You don’t buy gold so that you can buy a car with it. Same for bitcoin. Someone asked for an example of who accepts it as a payment, so I gave him an example, an entire country. Payment is a use case but not the main one. A lot of people using gold and crypto as a store of value, they say that interest rates increase on average at 2% per year (the last few years even higher) I still use cash for everyday things but I do put some savings into my crypto account instead of saving in the bank as a way to try and beat inflation Oh no! So you lost most of your savings in the past few months
Technically yes, but I would have lost atleast 2% if it was sitting in the bank or under the bed in cash aswell
You didn’t lose if you didn’t sell, and you lose way more than 2% to inflation leaving your money in the bank.
You need to go to finance school before bankruptcy swallows you.
I’ll think about attending after I retire soon."Well keep piling into currupto and that retirement will be a penniless one | |||
| Reply privately | Reply in forum | Reply +quote |
"But the purchasing power of bitcoin isn't immune to inflation. If there is 5% inflation and bitcoin drops in value another 50%... then the purchasing power of that bitcoin has reduced 55%. Same as any other currency in a time of inflation. Its no more immune to the effect of inflation than anything else. . "What you are talking a out here isn't inflation but currency exchange. Hope we are all about to enjoy bitcoin pump. | |||
| Reply privately | Reply in forum | Reply +quote |
| |||
| Reply privately | Reply in forum | Reply +quote |
| Post new Message to Thread |
| back to top |  |
