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Is anyone else starting to become a bit excited?

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Comments

  • Registered Users, Registered Users 2 Posts: 19,029 ✭✭✭✭Dohnjoe


    Thargor wrote: »
    Well it would be great to be able to predict 10-baggers like that and/or predict those 10 baggers will go on to become 100 or 1000 baggers in the future but real life doesnt work like that. In my case its wrestling with seizing a 5 figure sum that pushes me over the line into becoming a homeowner with tenants in my early 30s when most of my peers dont have a pot to piss on vs the possibility of future gains, a bird in the hand etc...

    True. Everyone has a cash-out point, and some people require the money now rather than later.

    Am in it for the super long-term, I am v curious to see how high it could potentially go with proper public access (which doesn't exist yet), you know, where your grandmother could "order some crypto" at their local bank branch


  • Registered Users, Registered Users 2 Posts: 19,029 ✭✭✭✭Dohnjoe


    So go on then, what's the figure that will trigger the 5%? :D

    No one should give figures online, there are hackers constantly phishing for that type of info


  • Registered Users, Registered Users 2 Posts: 4,681 ✭✭✭makeorbrake


    Dohnjoe wrote: »
    No one should give figures online, there are hackers constantly phishing for that type of info

    lol


  • Registered Users, Registered Users 2 Posts: 3,016 ✭✭✭McCrack


    Dohnjoe wrote: »
    No one should give figures online, there are hackers constantly phishing for that type of info

    And don't forget barneystinson the tax inspector... He will be back around here soon


  • Registered Users, Registered Users 2 Posts: 19,029 ✭✭✭✭Dohnjoe


    lol

    Anyone who gives numbers or portfolio amounts is painting a big fat target on their back. I've read too many accounts of it happening, and there's always a starting point on a forum or online post. I'm 17 levels of paranoid now.


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  • Registered Users, Registered Users 2 Posts: 3,522 ✭✭✭paleoperson


    Dohnjoe wrote: »
    Imagine you bought BTC at $10, and you sold all at $100. There was a point when it never went below $100 again. You netted a nice profit, but future opportunity profits wise you got absolutely shafted

    Selling in stages spreads that risk over a period of time of your choosing, over price ranges of your choosing.

    Would also tack the rule - "never sell all" onto that

    You could get the same effect by just investing a smaller amount in the first place.

    Probability-wise you're no better or worse than if you did sell it all at once.


  • Registered Users, Registered Users 2 Posts: 19,029 ✭✭✭✭Dohnjoe


    You could get the same effect by just investing a smaller amount in the first place.

    Probability-wise you're no better or worse than if you did sell it all at once.

    Crypto isn't like normal investments, especially the alts, they can move insane amounts

    I sold an amount of an alt in Dec '17 and it was +300% 4 days later. I can't time the top or the bottom so I prefer to spread the risk rather than concentrate it. It also makes for more rational decision making (over emotional/impulsive) - in my opinion.


  • Registered Users, Registered Users 2 Posts: 4,681 ✭✭✭makeorbrake


    Dohnjoe wrote: »
    Anyone who gives numbers or portfolio amounts is painting a big fat target on their back. I've read too many accounts of it happening, and there's always a starting point on a forum or online post. I'm 17 levels of paranoid now.

    I hear ye but I would never ask someone to publish portfolio amounts...or suggest that they should. You could be buying 50 quids worth of crypto and playing with that week on week or whale status but price you are *considering* selling isn't going to be a big reveal in isolation. :-)


  • Registered Users, Registered Users 2 Posts: 4,681 ✭✭✭makeorbrake


    You could get the same effect by just investing a smaller amount in the first place.

    Probability-wise you're no better or worse than if you did sell it all at once.

    I'm open to correction but I would have thought that it is averaging out the sales price and narrowing certain probabilities.

    You could have invested a smaller amount for sure. But it's kind of a different thing - as you still have just one point at which you sell rather than spreading it over two. You're not averaging your sales price out.


  • Registered Users, Registered Users 2 Posts: 19,029 ✭✭✭✭Dohnjoe


    I hear ye but I would never ask someone to publish portfolio amounts...or suggest that they should. You could be buying 50 quids worth of crypto and playing with that week on week or whale status but price you are *considering* selling isn't going to be a big reveal in isolation. :-)

    Ah the price of crypto, for alts, definitely close to ATH


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


    I know we all have our favourite ALTs that we have our money backing but at this stage im considering a separate option of throwing a 10er on the each of the top 20 and seeing what net I get on that over the next few months.

    I remember reading at one point if you did that in September 2017 you would gained around 2.5 to 3k,might be possible to gain that amount in 6 months from now if the bulls keeps pushing


  • Banned (with Prison Access) Posts: 3,964 ✭✭✭Blueshoe


    sexmag wrote: »
    I know we all have our favourite ALTs that we have our money backing but at this stage im considering a separate option of throwing a 10er on the each of the top 20 and seeing what net I get on that over the next few months.

    I remember reading at one point if you did that in September 2017 you would gained around 2.5 to 3k,might be possible to gain that amount in 6 months from now if the bulls keeps pushing

    Some of the alt coin worth made no sense during the last bull market. There were ALTs with no actual working product that a market cap similar to massive real world companies. Hard to see that happening again


  • Registered Users, Registered Users 2 Posts: 2,760 ✭✭✭stockshares


    Blueshoe wrote: »
    Some of the alt coin worth made no sense during the last bull market. There were ALTs with no actual working product that a market cap similar to massive real world companies. Hard to see that happening again

    With BTC after dropping should we withdraw money into alts which are rising at the moment and then reinvest in BTC later

    or

    Move money from ALts by buying the dip in BTC


  • Registered Users, Registered Users 2 Posts: 19,029 ✭✭✭✭Dohnjoe


    Blueshoe wrote: »
    Some of the alt coin worth made no sense during the last bull market. There were ALTs with no actual working product that a market cap similar to massive real world companies. Hard to see that happening again

    The whole market is irrational. That run had little to do with working products, it was a frenzy to second-guess the next alt to shoot up. All that second-guessing and flood of new buyers clicking the buy button at any price meant that everything went parabolic

    That said, once something like that happens, the cat is out of the bag, in my experience these things rarely repeat themselves exactly, there's always some unexpected twist or deviation


  • Registered Users, Registered Users 2 Posts: 8,254 ✭✭✭Grumpypants


    You have to remember all the media stories last time around were about Bitcoin millionaires who bought for half nothing. Everyone thought they had missed the bitcoin boat and were looking for the "next bitcoin" which drove up every ****e coin.

    That's why any Alt coin seemed to be worth a punt, people thought sure I can buy 1000 tron for a tenner and if it gets to 1k I'll retire.

    This time is different. It's less about the price going mental and more about being the most useful coin. Which will become the most valuable.


  • Banned (with Prison Access) Posts: 3,964 ✭✭✭Blueshoe


    Dohnjoe wrote: »
    The whole market is irrational. That run had little to do with working products, it was a frenzy to second-guess the next alt to shoot up. All that second-guessing and flood of new buyers clicking the buy button at any price meant that everything went parabolic

    That said, once something like that happens, the cat is out of the bag, in my experience these things rarely repeat themselves exactly, there's always some unexpected twist or deviation

    I did what I had promised myself I wouldn't do again.
    I sold an under performing alt back to BTC to try catch the wave. BTC then stalled and the alt shot up.


  • Registered Users, Registered Users 2 Posts: 19,029 ✭✭✭✭Dohnjoe


    Blueshoe wrote: »
    I did what I had promised myself I wouldn't do again.
    I sold an under performing alt back to BTC to try catch the wave. BTC then stalled and the alt shot up.

    Hard luck, it mostly seems a game of chance in the short run

    I force myself to never buy once the market is in any way bullish, and only to buy when it's in the dregs of a bear, when every second comment in here is about how it's all going to zero. But obviously yeah that's a grim patience thing, I read about this **** on a daily basis, but I don't have the know-how (or balls) to buy and sell on a regular basis

    I'm just surprised the whole thing isn't red after such strong gains, but maybe that's coming shortly, who knows


  • Closed Accounts Posts: 3,501 ✭✭✭q85dw7osi4lebg


    I personally keep away from ALTs generally.

    BTC & ETH my only holdings.

    Briefly held LTC / XRP / BAT but none of those are digital gold.


  • Banned (with Prison Access) Posts: 3,964 ✭✭✭Blueshoe


    Dohnjoe wrote: »
    Hard luck, it mostly seems a game of chance in the short run

    I force myself to never buy once the market is in any way bullish, and only to buy when it's in the dregs of a bear, when every second comment in here is about how it's all going to zero. But obviously yeah that's a grim patience thing, I read about this **** on a daily basis, but I don't have the know-how (or balls) to buy and sell on a regular basis

    I'm just surprised the whole thing isn't red after such strong gains, but maybe that's coming shortly, who knows

    Buying when others are selling and panicking is the only job.
    To have the bottle and belief to do so too.


  • Closed Accounts Posts: 3,501 ✭✭✭q85dw7osi4lebg




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  • Registered Users, Registered Users 2 Posts: 737 ✭✭✭vargoo



    Come out of it, you just got new suspension on the lada.!


  • Closed Accounts Posts: 3,501 ✭✭✭q85dw7osi4lebg


    vargoo wrote: »
    Come out of it, you just got new suspension on the lada.!

    Jaysus I am bring watched


  • Banned (with Prison Access) Posts: 3,964 ✭✭✭Blueshoe


    Bit of movement again on BTC/USDT

    Going to pass 11 k again


  • Registered Users, Registered Users 2 Posts: 737 ✭✭✭vargoo


    Jaysus I am bring watched

    I have 11 of 12 words of your wallet code - aero, seven, never, strike, apple, behind, foreskin, topic, cycle, grass and car....


  • Banned (with Prison Access) Posts: 3,964 ✭✭✭Blueshoe


    11k


  • Closed Accounts Posts: 3,501 ✭✭✭q85dw7osi4lebg


    I think we'll be crossing previous ATH sooner than most expect.


    https://www.rte.ie/news/business/2019/0624/1057189-bitcoin-gains/


  • Registered Users, Registered Users 2 Posts: 737 ✭✭✭vargoo


    Theirs the dip


  • Registered Users, Registered Users 2 Posts: 19,029 ✭✭✭✭Dohnjoe


    vargoo wrote: »
    Theirs the dip

    Up half a percent on the hour, seems to be holding just below 11k. Rest of the market just "hovering"


  • Registered Users, Registered Users 2 Posts: 1,564 ✭✭✭Deub


    sexmag wrote: »
    I know we all have our favourite ALTs that we have our money backing but at this stage im considering a separate option of throwing a 10er on the each of the top 20 and seeing what net I get on that over the next few months.

    I remember reading at one point if you did that in September 2017 you would gained around 2.5 to 3k,might be possible to gain that amount in 6 months from now if the bulls keeps pushing

    You could also buy 10 euros of the cryptos that Bakkt will follow (most of them are in the top 20 anyway).


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  • Registered Users, Registered Users 2 Posts: 4,681 ✭✭✭makeorbrake


    Deub wrote: »
    You could also buy 10 euros of the cryptos that Bakkt will follow (most of them are in the top 20 anyway).

    If they ever get it off the ground. ..


This discussion has been closed.
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