Is anyone else starting to become a bit excited?

Addison Fancy Macrame wrote: »

5% from here or 5% from yesterday's lows?

From whenever I wrote that. The market is cuckoo, no idea which way it will go, but I feel news from the US will worsen before it gets better regarding the virus which might hit stocks further, which could impact crypto.

Anyone with spare money is unlikely to be putting them into the world's riskiest and most volatile assets

That's the only logic I can draw from this irrational market

Lex Luthor wrote: »

I can imagine the traffic that coinmarketcap gets was a nice attraction for Binance to get in on

400 million for a poorly written website with false volume figures is a lot of money. Even if most of it will be paid for in BNB.

Addison Fancy Macrame wrote: »

One year anniversary of the thread.

Current price of Bitcoin $6888

33% gain in the past 365 days.

S&P 500 is down 11% in the same period.

Gold up approx 27% in the same period.

Congrats to the hodlers, especially in challenging times like these.

There is a severe economic crisis, stocks have hit their worst in decades

As for BTC, most people here are probably underwater. These kind of posts are popping up all over crypto forums, they are getting annoying with their selective time periods

Addison Fancy Macrame wrote: »

365 days isn't really selective is it? It's literally how asset performance is measured.

Make that $7150.

It's the timing if you know what I mean. We never get these annual figures when it's down

Then we get the one week or one month, or whatever period people can come up with that shows a positive

I like my information raw, not cherry-picked

Dohnjoe wrote: »

There is a severe economic crisis, stocks have hit their worst in decades

As for BTC, most people here are probably underwater. These kind of posts are popping up all over crypto forums, they are getting annoying with their selective time periods

Nah, I'm up 480% on BTC and it's forks. Glad I decided it was a better punt than leaving it to rot in a sh1te Irish bank account. Sure as hell better than 'investing' in property in this country.

Dohnjoe wrote: »

Currency, crypto, property, stocks, there's aren't football teams people.

What does this mean?

Dohnjoe wrote: »

I'm up 5600% on the first Bitcoins I bought, but there's nothing wrong with cash, it's a medium of exchange not an investment asset.

As for property as an investment, it's fairly solid.

No it isn't. I bought my house in 2002 (not Dublin). I had it valued in 2011 and it was valued at -16%, not even factoring inflation. I had a rough quote last year and yay, finally I would be looking at an inflation adjusted profit of 17.8% after 17 years, taking into account selling costs and property tax.

That is simply pathetic.

At least half of that just flew out the window, I'd say.

Property was a great investment for me in Australia. It hasn't been in Ireland.

You ought to be able to invest cash and get a return on it. You can elsewhere, but not here.

Dohnjoe wrote: »

?

Property is an investment, it can go up, it can go down. Many people generally see it as a solid investment because, over time, relative property prices have risen (generally). It also produces rent. Likewise, depending where in the world, rent has generally risen.

Using the phrase generally here. I am not referring to your personal anecdotal situation



?

You mean interest rates on cash sitting in savings accounts? If yes, where in the world is that higher than the rate of inflation?

I'm an Australian. I owned a house before moving here and made about 72% on it in 3 years.

In Australia you could, until about 6 months ago, beat inflation with a term deposit. A decade ago I could have got 4% in an online savings account in OZ, with a real time ability to transfer to and from a transaction account.

They will probably end up specifying something that is basically Samsungs phone based digital wallet, which is based on Knox, which the NSA tested and found secure enough to get their approval for use with some US government secrecy classifications.