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Is anyone else starting to become a bit worried? mod note in first post

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Comments

  • #1922
    Grumpypants
    Registered Users, Registered Users 2 Posts: 8,228 ✭✭✭Grumpypants


    Runs off to print a billion tether :pac:


  • #1923
    Pintman Paddy Losty
    Registered Users, Registered Users 2 Posts: 1,913 ✭✭✭Pintman Paddy Losty


    It was 8 months ago when Autochange asked if anyone else was worried. The resounding answer from the crypto enthusiasts was NO. Nothing to see here. The underlying tech is strong. Good time to lower your average buy in costs. There's still some very worthwhile projects in the pipeline.

    At this point it seems clear the advice of PPL and JF which was to get out now was the advice people should have followed.


  • #1924
    sexmag
    Registered Users, Registered Users 2 Posts: 1,303 ✭✭✭sexmag


    Pintman Paddy Losty wrote: »
    It was 8 months ago when Autochange asked if anyone else was worried. The resounding answer from the crypto enthusiasts was NO. Nothing to see here. The underlying tech is strong. Good time to lower your average buy in costs. There's still some very worthwhile projects in the pipeline.

    At this point it seems clear the advice of PPL and JF which was to get out now was the advice people should have followed.

    Thanks for your opinion PPL, hows the prediction business going? Any people still buying your services?


  • #1925
    [Deleted User]
    Posts: 8,385 ✭✭✭ [Deleted User]


    To think, this time last year what's happening now would have been considered a massive crash. Shows how the bubble has distorted views


  • #1926
    rapul
    Registered Users, Registered Users 2 Posts: 1,040 ✭✭✭rapul


    Grow up Paddy your very close to rubbing it in that some people might have lost money ,says alot about you doesn't it


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  • #1927
    Bob24
    Registered Users, Registered Users 2 Posts: 10,905 ✭✭✭✭Bob24


    Bitcoin has actually been fairly stable (for a crypto currency) in the past few months. The last 3 months have basically been ups and downs balancing each other to remain in a 5000-7000 euros range.

    At the same time altcoins are pretty much all going through a massive and prolonged crash though.


  • #1928
    makeorbrake
    Registered Users, Registered Users 2 Posts: 4,676 ✭✭✭makeorbrake


    Any suggestion that there are not good projects out there and that the underlying fundamentals are not strong is complete BS. Week on week we are seeing the big money edge in to position, step by step.

    That doesn't mean to say that speculation is anything other than high risk.


  • #1929
    sexmag
    Registered Users, Registered Users 2 Posts: 1,303 ✭✭✭sexmag


    Bob24 wrote: »
    Bitcoin has actually been fairly stable (for a crypto currency) in the past few months. The last 3 months have basically been ups and downs balancing each other to remain in a 5000-7000 euros range.

    At the same time altcoins are pretty much all going through a massive and prolonged crash though.

    BTC dominance has gone up to 57.8, something is happening and it seems that all money is either going in or staying in BTC


  • #1930
    hots
    Registered Users, Registered Users 2 Posts: 5,200 ✭✭✭hots


    sexmag wrote: »
    BTC dominance has gone up to 57.8, something is happening and it seems that all money is either going in or staying in BTC


    I'm not sure if that's because it's still the "trusted" one or because it's the normal gate in and gate out for crypto?


  • #1931
    Pussyhands
    Registered Users, Registered Users 2 Posts: 8,239 ✭✭✭Pussyhands


    Down over 80% now.

    I would need it to grow by 400% to make my money back.


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  • #1932
    rapul
    Registered Users, Registered Users 2 Posts: 1,040 ✭✭✭rapul


    Sorry you lost 80% mate but how are people loosing that much ,did you invest November/December of last year? Because being honest I'm barely down 100 Euro but I didn't buy anything before Xmas I'm presuming that's how? Nearly everything I own is still up more than when I bought it


  • #1933
    grindle
    Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    rapul wrote: »
    Sorry you lost 80% mate but how are people loosing that much ,did you invest November/December of last year? Because being honest I'm barely down 100 Euro but I didn't buy anything before Xmas I'm presuming that's how? Nearly everything I own is still up more than when I bought it

    People talk about opportunity cost from ATH when they talk that way.
    I'm "down" 80% from ATH in crypto terms but up in fiat terms.


  • #1934
    Pussyhands
    Registered Users, Registered Users 2 Posts: 8,239 ✭✭✭Pussyhands


    rapul wrote: »
    Sorry you lost 80% mate but how are people loosing that much ,did you invest November/December of last year? Because being honest I'm barely down 100 Euro but I didn't buy anything before Xmas I'm presuming that's how? Nearly everything I own is still up more than when I bought it

    Yes. I feel stupid that I fell for all the hype.


  • #1935
    Pussyhands
    Registered Users, Registered Users 2 Posts: 8,239 ✭✭✭Pussyhands


    grindle wrote: »
    People talk about opportunity cost from ATH when they talk that way.
    I'm "down" 80% from ATH in crypto terms but up in fiat terms.

    No I put 1k in and now it's at 181.


  • #1936
    sexmag
    Registered Users, Registered Users 2 Posts: 1,303 ✭✭✭sexmag


    grindle wrote: »
    People talk about opportunity cost from ATH when they talk that way.
    I'm "down" 80% from ATH in crypto terms but up in fiat terms.

    Yeah i bought in around september last year and waited, then let the feb dip come and bought some more, im still doing ok, not near my ATH of course but its ok, will happily buy more when i feel the bottom is close, didnt buy more before the recent rise but thats how its played


  • #1937
    rapul
    Registered Users, Registered Users 2 Posts: 1,040 ✭✭✭rapul


    I get ya ,still sorry to hear mate that's rough ,your best option is to just hold, give it time you'll be laughing no doubt in the future ,think of it as a long term investment


  • #1938
    Bob24
    Registered Users, Registered Users 2 Posts: 10,905 ✭✭✭✭Bob24


    sexmag wrote: »
    BTC dominance has gone up to 57.8, something is happening and it seems that all money is either going in or staying in BTC

    Indeed this is what seems to be going on.
    hots wrote: »
    I'm not sure if that's because it's still the "trusted" one or because it's the normal gate in and gate out for crypto?

    Good question and I actually started a thread on this in the morning. I tend to think we are witnessing the slow death of most altcoins, but hard to know for sure.


  • #1939
    ZeroThreat
    Registered Users, Registered Users 2 Posts: 2,282 ✭✭✭ZeroThreat


    Anyone visited the 'Breaky Bitcoin Blues' thread over at After Hours?

    I see our good friend JohnnyFlash has been active there.

    :D

    https://www.boards.ie/vbulletin/showthread.php?t=2057909736


  • #1940
    Bob24
    Registered Users, Registered Users 2 Posts: 10,905 ✭✭✭✭Bob24


    rapul wrote: »
    I get ya ,still sorry to hear mate that's rough ,your best option is to just hold, give it time you'll be laughing no doubt in the future ,think of it as a long term investment

    Agree at this stage the best option is to wait, but if the OP is holding mostly altcoins (especially obscure ones) the chances of them recovering is not that high IMO. If it is most bitcoin then the chances are pretty decent.


  • #1941
    Pussyhands
    Registered Users, Registered Users 2 Posts: 8,239 ✭✭✭Pussyhands


    Bob24 wrote: »
    Agree at this stage the best option is to wait, but if the OP is holding mostly altcoins (especially obscure ones) the chances of them recovering is not that high IMO. If it is most bitcoin then the chances are pretty decent.

    Split between BTC, ETH, LTC and NEO


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  • #1942
    rapul
    Registered Users, Registered Users 2 Posts: 1,040 ✭✭✭rapul


    Yeah I would split between litecoin and ethereum ,litecoin will probably give good returns cause when bitcoin goes up litecoin goes up ,history repeats unless you can get a full ethereum then I'd try do both

    Edit : just my opinion don't act on it just saying incase!!


  • #1943
    makeorbrake
    Registered Users, Registered Users 2 Posts: 4,676 ✭✭✭makeorbrake


    @ZeroThreat : I'm very much in favour! Otherwise, an actual contrarian view from anyone without the after hours nonsense is more than welcome here.


  • #1944
    hots
    Registered Users, Registered Users 2 Posts: 5,200 ✭✭✭hots


    Pussyhands wrote: »
    No I put 1k in and now it's at 181.


    Ouch, fingers crossed for you!


  • #1945
    hots
    Registered Users, Registered Users 2 Posts: 5,200 ✭✭✭hots


    I did a recheck of how much I put in and withdrew and I'm now down to my last 100 of profit (from a high of ~1300 up), I think I'm at cashout stage tbh, gonna roll the last of the profits on one last punt maybe.


  • #1946
    smacl
    Moderators, Society & Culture Moderators Posts: 15,904 Mod ✭✭✭✭smacl


    Pussyhands wrote: »
    No I put 1k in and now it's at 181.

    Similar amount of money down albeit with more value still in coins left (though for how much longer is anyone's guess). Also have some fiat sitting on Kraken with a plan to buy back in once things level out. Really interested in seeing where this is going, don't see the fat lady reaching for the mike just yet.


  • #1947
    Pintman Paddy Losty
    Registered Users, Registered Users 2 Posts: 1,913 ✭✭✭Pintman Paddy Losty


    rapul wrote: »
    Grow up Paddy your very close to rubbing it in that some people might have lost money ,says alot about you doesn't it

    What says a lot about me is from day one I offered sound advice and opinion on where the crypto space was headed. Long winded complicated analyses about some hotel using block chain or a car manufacturer thinking about implementing IOTA are all well and good but the fact of the matter is they have sweet **** all to do with the inherent value of the plethora of Sh1tcoins being peddled by people here.

    The OP asked a simple question in January of this year. Was anyone else worried? Time has shown he was indeed right to be worried (for reasons outlined by myself and Johnny Flash). The people who listened are very happy they did (I've received multiple PMs from users who have thanked me for making them see the light early). The other side still to this day are saying the only strategy is to HODL.

    Pussyhands, you have 181e left. My advice is to take that money out of crypto. Go out and have a steak dinner in FX Buckleys and a lash of pints. That will be much more enjoyable than looking at charts of red candles and your remaining investmeny dwindling to nothing.


  • #1948
    makeorbrake
    Registered Users, Registered Users 2 Posts: 4,676 ✭✭✭makeorbrake


    This thread was started on the basis of speculation on cryptocurrency and where that speculation was leading. Speculation is decoupled from the technology itself. For those of us that have been keeping up to speed with developments in the technology, it's in a much stronger position than it ever was as developers and others work away diligently on the technology.

    It's been a bad year for speculation. That's the nature of speculation - it's a risky game. The suggestion that there is no inherent value is backed up by zilch, nado, zero, nothing. I'm totally open to tangible debate and discussion of the tech but 'after hours' grade rubbish I have no time for. It belongs in AFTER HOURS.


  • #1949
    Autochange
    Banned (with Prison Access) Posts: 1,648 ✭✭✭Autochange


    Put in 4.5k. Now at 1800.
    Wish I didn't put anything in at all.

    It's a dirty, manipulated game.
    Big money holds to power and all of the old scamming and manipulation which is banned in regular stocks and shares is rampant in this space.

    I recently went all in on vechain and will hold this position come what may.
    I won't be buying more though.

    I started the thread a while back and the market has only gone one way since.


  • #1950
    smacl
    Moderators, Society & Culture Moderators Posts: 15,904 Mod ✭✭✭✭smacl


    Pintman Paddy Losty wrote: »
    Pussyhands, you have 181e left. My advice is to take that money out of crypto. Go out and have a steak dinner in FX Buckleys and a lash of pints. That will be much more enjoyable than looking at charts of red candles and your remaining investmeny dwindling to nothing.

    Yep, cause he'll feel so much better tomorrow morning a couple of hundred bucks down with a screaming hangover. It really beggers belief that that you criticise people here for wasting their money and then advocating pissing it up against a wall. As has just been said, you might be better sticking to AH.


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  • #1951
    grindle
    Registered Users, Registered Users 2 Posts: 6,026 ✭✭✭grindle


    ZeroThreat wrote: »
    Anyone visited the 'Breaky Bitcoin Blues' thread over at After Hours?

    I see our good friend JohnnyFlash has been active there.
    It looks nice for him there, he'll be well looked after and there's plenty of his own kind there too! Better than that - those people know much less than him so he can appear to be authoritative!

    "I haven't read a fúcking jot on this scam but it is a scam because bubble bubble pip pop!"
    Such a waste of potential brainpower in that thread.


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