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

Grumpypants · 17-10-2018 03:59PM

Recession already ??? When were the good times? Seemed to miss me entirely.

cnocbui · 17-10-2018 04:08PM

Grumpypants wrote: »

Recession already ??? When were the good times? Seemed to miss me entirely.

I think Grindle is right, the last financial crisis never ended, it just went into stasis. I don't want to still be living in Ireland when the next one kicks off, that's for sure.

makeorbrake · 17-10-2018 04:34PM

If we accept that markets are cyclical, then U.S. markets have seen unprecedented growth since the last financial crisis. Then, there should be a correction at some point but of course trying to time it is a lottery.

Crypto was supposed to be a hedge against that eventuality but recent movements of conventional and crypto markets seems to suggest otherwise..

smacl · 17-10-2018 04:43PM

cnocbui wrote: »

I don't want to still be living in Ireland when the next one kicks off, that's for sure.

I don't think where you're living counts so much as whether or not you're in debt, how you've stored your wealth, and how you can leverage your assets. I certainly wouldn't be borrowing money to buy property at current rates in Ireland where money is cheap and property is expensive. If we hit a recession that includes significant rises in interest rates and inflation, that could well flip for the duration of the recession. I'd also be interested in seeing what happens to crypto prices as money becomes scarce. My hunch is they'd drop rapidly, but if the tech and adoption rate has moved on significantly, the reverse could be true.

Out of interest, if not Ireland, where?

TheAnalyst_ · 17-10-2018 05:44PM

Look if someone feels they have an edge and wants to invest then go for it. Its high risk and extremely volatile but I won't begrudge anyone making money on it. Just don't pretend you're some kind of futurist investment guru.

And for the rest have a look at these 929 opportunities.
https://deadcoins.com/

grindle · 17-10-2018 05:52PM

TheAnalyst_ wrote: »

Look if someone feels they have an edge and wants to invest then go for it. Its high risk and extremely volatile but I won't begrudge anyone making money on it. Just don't pretend you're some kind of futurist investment guru.

Haven't seen anybody pretend that, it's people taking a punt on a promising tech.

TheAnalyst_ wrote: »

And for the rest have a look at these 929 opportunities.
https://deadcoins.com/

Could you point out which if any of those coins had any promise at all please? You seem to have done a lot of research!

cnocbui · 17-10-2018 07:11PM

smacl wrote: »

I don't think where you're living counts so much as whether or not you're in debt, how you've stored your wealth, and how you can leverage your assets. I certainly wouldn't be borrowing money to buy property at current rates in Ireland where money is cheap and property is expensive. If we hit a recession that includes significant rises in interest rates and inflation, that could well flip for the duration of the recession. I'd also be interested in seeing what happens to crypto prices as money becomes scarce. My hunch is they'd drop rapidly, but if the tech and adoption rate has moved on significantly, the reverse could be true.

Out of interest, if not Ireland, where?

The Unwillingness of Irish governments to shed staff when things get tough gives me the hebbie-jeebies. National debt currently stands at €43,464 per head of population, so considerably higher than that per taxpayer. I don't see the issue as whether I personally have debt or not or not, in the face of what madness the government engages in. Australia or NZ.

smacl · 17-10-2018 09:00PM

cnocbui wrote: »

The Unwillingness of Irish governments to shed staff when things get tough gives me the hebbie-jeebies.

Fair enough, though it's also the mix of people that's an issue. Far too few front line people on relatively modest wages and god knows how much dead wood on big pensions.

National debt currently stands at €43,464 per head of population, so considerably higher than that per taxpayer. I don't see the issue as whether I personally have debt or not or not, in the face of what madness the government engages in. Australia or NZ.

If you're living in a recession and have personal debt with aggressive bankers, it is tough. If you're in the same situation and have access to money, it is not a problem at all. I was rather pissed at the state hacking lumps of my pension last time out, and dare say they could to worse next time, but all in all it is far from a disaster. Never been to Oz nor NZ, though always fancied it. I understand they're both cracking down heavily on foreign nationals buying property, NZ in particular. That boat may have sailed.

cnocbui · 18-10-2018 02:25AM

smacl wrote: »

Fair enough, though it's also the mix of people that's an issue. Far too few front line people on relatively modest wages and god knows how much dead wood on big pensions.

If you're living in a recession and have personal debt with aggressive bankers, it is tough. If you're in the same situation and have access to money, it is not a problem at all. I was rather pissed at the state hacking lumps of my pension last time out, and dare say they could to worse next time, but all in all it is far from a disaster. Never been to Oz nor NZ, though always fancied it. I understand they're both cracking down heavily on foreign nationals buying property, NZ in particular. That boat may have sailed.

I'm not foreign.

makeorbrake · 18-10-2018 03:03AM

TheAnalyst_ wrote: »

Look if someone feels they have an edge and wants to invest then go for it. Its high risk and extremely volatile but I won't begrudge anyone making money on it.

I don't think there is anyone here that hasn't acknowledged that it is high risk and extremely volatile. It's kind of impossible to miss to be honest.

TheAnalyst_ wrote: »

Just don't pretend you're some kind of futurist investment guru.

You wouldn't have brought that up unless you believe that someone here is of that belief. Can you confirm who you believe to be the 'futurist investment guru'?

TheAnalyst_ wrote: »

And for the rest have a look at these 929 opportunities.
https://deadcoins.com/

There is an ocean of totally unsound projects. Nobody is forcing anyone to invest in them. Yes, people do but that's their problem. Everyone takes personal responsibilty.

However, those projects don't define all of crypto - far from it.

Hoboo · 18-10-2018 09:24AM

TheAnalyst_ wrote: »

Look if someone feels they have an edge and wants to invest then go for it. Its high risk and extremely volatile but I won't begrudge anyone making money on it. Just don't pretend you're some kind of futurist investment guru.

And for the rest have a look at these 929 opportunities.
https://deadcoins.com/

Its like watching lemmings.

smacl · 18-10-2018 10:49AM

TheAnalyst_ wrote: »

And for the rest have a look at these 929 opportunities.
https://deadcoins.com/

Would you imply that making any stock market investment is a bad idea by listing the 929 worst performing stocks? Or perhaps you could point me to a post where anyone on this forum discussed buying into any of those 929 'opportunities'?

I'd guess that every regular on this forum knows that crypto is very high risk, and is well aware that most of the current projects will fail long term.

smacl · 18-10-2018 10:50AM

cnocbui wrote: »

I'm not foreign.

That'll help.

ZeroThreat · 18-10-2018 11:30AM

smacl wrote: »

Would you imply that making any stock market investment is a bad idea by listing the 929 worst performing stocks? Or perhaps you could point me to a post where anyone on this forum discussed buying into any of those 929 'opportunities'?

I'd guess that every regular on this forum knows that crypto is very high risk, and is well aware that most of the current projects will fail long term.

I'll admit I foolishly put a small amount of money into Titanium which is on that list.....

Pussyhands · 14-11-2018 07:15PM

This **** is dead.

el diablo · 14-11-2018 07:39PM

Pussyhands wrote: »

This **** is dead.

Lol. This is what the market needs before we can finally have another bull market. Maybe we'll go below $5k first though.

Truckermal · 14-11-2018 08:22PM

el diablo wrote: »

Lol. This is what the market needs before we can finally have another bull market. Maybe we'll go below $5k first though.

Yep funnily enough though I thought all the amateurs would be long gone at this stage!

seannash · 14-11-2018 08:28PM

Truckermal wrote: »

Yep funnily enough though I thought all the amateurs would be long gone at this stage!

Not disagreeing with you but I'm not sure there's such a thing as a professional crypto investor. Unless of course its your sole income.

Calling people amateurs is a bit like rubbing salt in for what is for some a very open and sore wound.

Truckermal · 14-11-2018 08:41PM

seannash wrote: »

Not disagreeing with you but I'm not sure there's such a thing as a professional crypto investor. Unless of course its your sole income.

Calling people amateurs is a bit like rubbing salt in for what is for some a very open and sore wound.

Yes I totally agree and I have a lot of money in crypto but my point is that anyone that has money invested now knows the risks!

UsedToWait · 14-11-2018 08:44PM

Truckermal wrote: »

Yes I totally agree and I have a lot of money in crypto but my point is that anyone that has money invested now knows the risks!

You'd hope they'd have known the risks before they invested..

When you say a lot of money, do you mean as a percentage of your overall 'investments'?

banie01 · 14-11-2018 08:51PM

Truckermal wrote: »

Yes I totally agree and I have a lot of money in crypto but my point is that anyone that has money invested now knows the risks!

I useta!

But on a more serious note, that was a spectacular drop!
Haven't seen a dip that fast and hard in a while.
Would love to be in a position to set some buys but not to be this time around.

tcawley29 · 14-11-2018 08:54PM

HODL

Truckermal · 14-11-2018 08:59PM

UsedToWait wrote: »

You'd hope they'd have known the risks before they invested..

When you say a lot of money, do you mean as a percentage of your overall 'investments'?

Yep I always tell people treat your investment as money you can afford to lose like backing a horse! I'm after a great year but hands up I'm after getting caught by the balls now!

seannash · 14-11-2018 09:40PM

All the stable coins are up (Tether, Qash, TrueUSD)
A lot of people cashing out but definitely some folks buying in the past hour

SachaJ · 14-11-2018 10:17PM

ETH just dropped below XRP. Wish I had a few quid spare to buy.

Edit - ETH now back as #2

Pintman Paddy Losty · 14-11-2018 10:50PM

Truckermal wrote: »

Yep I always tell people treat your investment as money you can afford to lose like backing a horse! I'm after a great year but hands up I'm after getting caught by the balls now!

2018 was a great year for you? Bullshid.

2018 was the year that showed all paddy and Johnny had posted was the truth and the crypto Boyz were deluded and full of hot air.

This drop is not surprising. The Ponzi scheme is letting out its last few death rattles.

TheAnalyst_ · 15-11-2018 12:04AM

Dump it.

Whelo79 · 15-11-2018 12:21AM

One year ago today!

Pintman Paddy Losty · 15-11-2018 12:27AM

This is just big money preparing the ground before they move in.

Chinese New year is causing the sell off.

Good time to lower your average buy in price. Great opportunities out there.

Some really interesting projects out there at the moment. Just do your own research.

.... Or it was a classic bubble of nonsense.

sexmag · 15-11-2018 12:32AM

Pintman Paddy Losty wrote: »

This is just big money preparing the ground before they move in.

Chinese New year is causing the sell off.

Good time to lower your average buy in price. Great opportunities out there.

Some really interesting projects out there at the moment. Just do your own research.

.... Or it was a classic bubble of nonsense.

Weren't you the one selling "courses" "tips" and "predictions" advice and software?

If this is as you say and believe, a bubble or ponze scheme and you knowingly defrauded people by selling them fables well then you're just a piece of shiz mate who's just as bad as a scam microsoft callers and fraud artists or possibly the entire crypto market of scammers

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

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