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Is anyone else starting to become a bit excited?

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Comments

  • #1382
    cnocbui
    Registered Users, Registered Users 2 Posts: 21,179 ✭✭✭✭cnocbui


    stockshares wrote: »
    This is the worst dump that ive experienced but im only new here.

    Do people recommend bailing from BTC and ALts until market stabilises

    This tiny correction I wouldn't call a dump.


  • #1383
    NomadicGray
    Registered Users, Registered Users 2 Posts: 1,433 ✭✭✭NomadicGray


    stockshares wrote: »
    This is the worst dump that ive experienced but im only new here.

    Do people recommend bailing from BTC and ALts until market stabilises


    buy more


  • #1384
    Dohnjoe
    Registered Users, Registered Users 2 Posts: 19,029 ✭✭✭✭Dohnjoe


    stockshares wrote: »
    This is the worst dump that ive experienced but im only new here.

    Do people recommend bailing from BTC and ALts until market stabilises

    Completely expected, over-due and relatively small. We could see a sequence of them - if they start to follow one another could trigger another bear market, a downward spiral

    We still aren't that far away from the last bull/crash (2017/2018). The last recovery took 3 years, this current one only took one and a half years

    Anything could happen, this is why people often don't play the market, it's incredibly random. Never boring though.


  • #1385
    Arrival
    Closed Accounts Posts: 779 ✭✭✭Arrival


    stockshares wrote: »
    This is the worst dump that ive experienced but im only new here.

    Do people recommend bailing from BTC and ALts until market stabilises

    Haha what? We're all hoping it dips more so we can buy more, you should be too, this isn't a crazy dump at all, just a bit of a correction after the hectic last few days


  • #1386
    JohnnyFlash
    Registered Users, Registered Users 2 Posts: 7,055 ✭✭✭JohnnyFlash


    I think IFinex are back in court on the 29th of this month. Interesting to see what happens in advance.


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  • #1387
    Grumpypants
    Registered Users, Registered Users 2 Posts: 8,254 ✭✭✭Grumpypants


    stockshares wrote: »
    This is the worst dump that ive experienced but im only new here.

    Do people recommend bailing from BTC and ALts until market stabilises


    Bailing now is the worst thing to do as it will likely be back up in a few days / weeks and you'll be buying back in at a higher price.

    The market never stabilizes, you just have to get used to it. Never panic buy in an upswing and never panic sell in a down swing.

    If you want to try take advantage of the swings. Set aside 10% for trading. Sell when it gets silly like 12k yesterday. Then wait for the correction to stabilize.

    In a small window it looks like the market collapsed but don't forget two weeks ago it was at 7500 and everyone was delighted with its progress.


  • #1388
    Ben Done
    Registered Users, Registered Users 2 Posts: 465 ✭✭Ben Done


    Sorry, not sure where to post.
    Just wanted to ask if anyone else is getting spam SMS from some crowd 'Bitcoin Trend App'?

    This is the only place I read about Crypto, and I would have signed up to a couple of 'free coins' ****e over the years, and I think I registered on Coinbase, but never used it (not sure I ever gave my phone number though)..

    Texts come from different names, rather than numbers, so I can't block them, and it's very annoying...


  • #1389
    makeorbrake
    Registered Users, Registered Users 2 Posts: 4,681 ✭✭✭makeorbrake


    Ben Done wrote: »
    Sorry, not sure where to post.
    Just wanted to ask if anyone else is getting spam SMS from some crowd 'Bitcoin Trend App'?
    Never heard of it - but just ignore. For the most part, nobody should ever be contacting anyone and pitching anything about Bitcoin.


  • #1390
    Ben Done
    Registered Users, Registered Users 2 Posts: 465 ✭✭Ben Done


    makeorbrake wrote: »
    Never heard of it - but just ignore. For the most part, nobody should ever be contacting anyone and pitching anything about Bitcoin.

    Yeah I would do normally, but this crowd have my first name, so it's obviously related to something I've signed up to at some stage.
    I sent an email telling them I want to be removed from their list under GDPR, but it's not even clear where they're based.
    Just thought someone else might have got the same spam..


  • #1391
    Dohnjoe
    Registered Users, Registered Users 2 Posts: 19,029 ✭✭✭✭Dohnjoe


    Grumpypants wrote: »
    Bailing now is the worst thing to do as it will likely be back up in a few days / weeks and you'll be buying back in at a higher price.

    The market never stabilizes, you just have to get used to it. Never panic buy in an upswing and never panic sell in a down swing.

    If you want to try take advantage of the swings. Set aside 10% for trading. Sell when it gets silly like 12k yesterday. Then wait for the correction to stabilize.

    In a small window it looks like the market collapsed but don't forget two weeks ago it was at 7500 and everyone was delighted with its progress.

    Indeed, or..

    buy when it's in the complete dregs and no one else is buying (2015/2016, end of last year), don't buy when it's going up

    Check on it a few years later. To date, anyone I know who has done this has either always been up or made a large profit

    (usual disclaimer: it could all crash to nothing)


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  • #1392
    stockshares
    Registered Users, Registered Users 2 Posts: 2,760 ✭✭✭stockshares


    Grumpypants wrote: »
    Bailing now is the worst thing to do as it will likely be back up in a few days / weeks and you'll be buying back in at a higher price.

    The market never stabilizes, you just have to get used to it. Never panic buy in an upswing and never panic sell in a down swing.

    If you want to try take advantage of the swings. Set aside 10% for trading. Sell when it gets silly like 12k yesterday. Then wait for the correction to stabilize.

    In a small window it looks like the market collapsed but don't forget two weeks ago it was at 7500 and everyone was delighted with its progress.
    Dohnjoe wrote: »
    Indeed, or..

    buy when it's in the complete dregs and no one else is buying (2015/2016, end of last year), don't buy when it's going up

    Check on it a few years later. To date, anyone I know who has done this has either always been up or made a large profit

    (usual disclaimer: it could all crash to nothing)
    Dohnjoe wrote: »
    Completely expected, over-due and relatively small. We could see a sequence of them - if they start to follow one another could trigger another bear market, a downward spiral

    We still aren't that far away from the last bull/crash (2017/2018). The last recovery took 3 years, this current one only took one and a half years

    Anything could happen, this is why people often don't play the market, it's incredibly random. Never boring though.

    Thanks for the tips lads.

    Its hard to hold on though when its falling at that rate. A lot of people held in 2018 and got wiped out.


  • #1393
    sexmag
    Registered Users, Registered Users 2 Posts: 1,303 ✭✭✭sexmag


    As a piece of perspective at this time yesterday we were all screaming for these prices again so we could buy more, heres your chance


  • #1394
    Grumpypants
    Registered Users, Registered Users 2 Posts: 8,254 ✭✭✭Grumpypants


    sexmag wrote: »
    As a piece of perspective at this time yesterday we were all screaming for these prices again so we could buy more, heres your chance

    We all wished for them, but now they are here we are all on the fence in case it goes down more. Queue next week when it hits 13k and we all wish for 10k again :)


  • #1395
    cnocbui
    Registered Users, Registered Users 2 Posts: 21,179 ✭✭✭✭cnocbui


    Warren Buffet said: 'Be Fearful When Others Are Greedy and Greedy When Others Are Fearful'

    Even knowing the truth of it, it's hard to implement.


  • #1396
    q85dw7osi4lebg
    Closed Accounts Posts: 3,501 ✭✭✭q85dw7osi4lebg


    sexmag wrote: »
    As a piece of perspective at this time yesterday we were all screaming for these prices again so we could buy more, heres your chance

    Done.


  • #1397
    makeorbrake
    Registered Users, Registered Users 2 Posts: 4,681 ✭✭✭makeorbrake


    cnocbui wrote: »
    Warren Buffet said: 'Be Fearful When Others Are Greedy and Greedy When Others Are Fearful'

    Even knowing the truth of it, it's hard to implement.

    You'll know the time is right when the butcher reappears :-)


  • #1398
    NomadicGray
    Registered Users, Registered Users 2 Posts: 1,433 ✭✭✭NomadicGray


    Addison Fancy Macrame wrote: »
    Done.


    Same.


  • #1399
    NomadicGray
    Registered Users, Registered Users 2 Posts: 1,433 ✭✭✭NomadicGray


    os1wqeshxu631.jpg


  • #1400
    Arrival
    Closed Accounts Posts: 779 ✭✭✭Arrival


    stockshares wrote: »
    Grumpypants wrote: »
    Bailing now is the worst thing to do as it will likely be back up in a few days / weeks and you'll be buying back in at a higher price.

    The market never stabilizes, you just have to get used to it. Never panic buy in an upswing and never panic sell in a down swing.

    If you want to try take advantage of the swings. Set aside 10% for trading. Sell when it gets silly like 12k yesterday. Then wait for the correction to stabilize.

    In a small window it looks like the market collapsed but don't forget two weeks ago it was at 7500 and everyone was delighted with its progress.
    Dohnjoe wrote: »
    Indeed, or..

    buy when it's in the complete dregs and no one else is buying (2015/2016, end of last year), don't buy when it's going up

    Check on it a few years later. To date, anyone I know who has done this has either always been up or made a large profit

    (usual disclaimer: it could all crash to nothing)
    Dohnjoe wrote: »
    Completely expected, over-due and relatively small. We could see a sequence of them - if they start to follow one another could trigger another bear market, a downward spiral

    We still aren't that far away from the last bull/crash (2017/2018). The last recovery took 3 years, this current one only took one and a half years

    Anything could happen, this is why people often don't play the market, it's incredibly random. Never boring though.

    Thanks for the tips lads.

    Its hard to hold on though when its falling at that rate. A lot of people held in 2018 and got wiped out.

    God above you need to get your emotions in check if you think holding through this is tough lmao, lots of us held from the end of 2017/early 2018 as far as 80% down. And when it was at or near the bottom what do you think we did? Bought more, because as the saying goes you should be greedy when others are fearful! You're either getting into this with conviction with the hopes to get richer than you ever would have otherwise or you're not. Don't put in more than you're actually comfortable losing and none of these dips and crashes will bother you

    And the only people who got 'wiped out' in 2018 are the idiots who realised their losses by selling without a plan to buy back in at a lower price point


  • #1401
    hernie
    Registered Users, Registered Users 2 Posts: 140 ✭✭hernie


    grindle wrote: »
    Yep, CGT. You get to make €1270 tax free, after that you pay 33% on profit.

    What if you didn't convert back to euro (fiat) and just bought things with the crypto currency?


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  • #1402
    q85dw7osi4lebg
    Closed Accounts Posts: 3,501 ✭✭✭q85dw7osi4lebg


    hernie wrote: »
    What if you didn't convert back to euro (fiat) and just bought things with the crypto currency?
    .


  • #1403
    vargoo
    Registered Users, Registered Users 2 Posts: 737 ✭✭✭vargoo


    Arrival wrote: »
    God above you need to get your emotions in check if you think holding through this is tough lmao, lots of us held from the end of 2017/early 2018 as far as 80% down. And when it was at or near the bottom what do you think we did? Bought more, because as the saying goes you should be greedy when others are fearful! You're either getting into this with conviction with the hopes to get richer than you ever would have otherwise or you're not. Don't put in more than you're actually comfortable losing and none of these dips and crashes will bother you

    And the only people who got 'wiped out' in 2018 are the idiots who realised their losses by selling without a plan to buy back in at a lower price point
    You f*cked up.


  • #1404
    sexmag
    Registered Users, Registered Users 2 Posts: 1,303 ✭✭✭sexmag


    hernie wrote: »
    What if you didn't convert back to euro (fiat) and just bought things with the crypto currency?

    There was a thread for an entire year hear about that entire subject,look it up its handy


  • #1405
    sexmag
    Registered Users, Registered Users 2 Posts: 1,303 ✭✭✭sexmag


    https://www.reddit.com/r/CryptoCurrency/comments/c657ly/the_retail_investor_community_has_the_memory_and/?utm_medium=android_app&utm_source=share

    This is a pretty good post


  • #1406
    Arrival
    Closed Accounts Posts: 779 ✭✭✭Arrival


    vargoo wrote: »
    Arrival wrote: »
    God above you need to get your emotions in check if you think holding through this is tough lmao, lots of us held from the end of 2017/early 2018 as far as 80% down. And when it was at or near the bottom what do you think we did? Bought more, because as the saying goes you should be greedy when others are fearful! You're either getting into this with conviction with the hopes to get richer than you ever would have otherwise or you're not. Don't put in more than you're actually comfortable losing and none of these dips and crashes will bother you

    And the only people who got 'wiped out' in 2018 are the idiots who realised their losses by selling without a plan to buy back in at a lower price point
    You f*cked up.

    How so?


  • #1407
    q85dw7osi4lebg
    Closed Accounts Posts: 3,501 ✭✭✭q85dw7osi4lebg


    Addison Fancy Macrame wrote: »
    Done.

    Bit soon it seems oops.

    Not buying again now unless we either get down to 60% retracement of about 7k, or get back above 14k.


  • #1408
    Blueshoe
    Banned (with Prison Access) Posts: 3,964 ✭✭✭Blueshoe


    The correction started when someone dumped 1800 BTC on one go. Exchanges also went down due to volume.

    I have a thought in the back of my head that it was a co ordinated cash grab though.

    I will stay in tether for now as I feel more dumping will occur in the short term.

    (Watch it hit new ath because I'm in tether!)


  • #1409
    tcawley29
    Registered Users, Registered Users 2 Posts: 1,827 ✭✭✭tcawley29


    On the bright side at least harmony is green again. Still needs a fair jump to get back to where I bought in


  • #1410
    makeorbrake
    Registered Users, Registered Users 2 Posts: 4,681 ✭✭✭makeorbrake


    Blueshoe wrote: »
    (Watch it hit new ath because I'm in tether!)
    I also got out at that dump - although it was a **** show (the exchange not getting the order processed ...those extra couple of minutes cost me).

    Of course it can go either way. It could go exponentially up the way right now. However, everyone has to play this in their own way and to fit/suit their own circumstances. I was fortunate enough to have built up a wedge of profit and I wasn't prepared to let go of it whilst gambling on a moonshot.

    Might have another go - but for me, it had risen too quickly - needs to pair back a few grand.


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  • #1411
    q85dw7osi4lebg
    Closed Accounts Posts: 3,501 ✭✭✭q85dw7osi4lebg


    Why would a whale dump to make profits, when it dumps the price of the rest of their holding and therefore reduces their entire net worth ?


This discussion has been closed.
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