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Is anyone else starting to become a bit excited?

q85dw7osi4lebg

As per title, have we reached the bottom ?

Don't think we'll see the likes of $3200 ever again.

$5150 at time of posting.

Back in the mainstream media once more.

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q85dw7osi4lebg

Dohnjoe wrote: »

Another 5% to 15% drop across the board within the next 2/3 days

I dont like making predictions but ****it

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

Dohnjoe

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

JJJJNR

Crypto is actually doing ok for me, buying and selling $hitcoins has been a necessary distraction with a few ups and downs here and there, zero fees on stellar also which helps.

JJJJNR

Binance to buy coinmarketcrap

https://www.theblockcrypto.com/post/60371/binance-is-set-to-acquire-coinmarketcap-the-deal-could-be-worth-as-much-as-400-million

Lex Luthor

JJJJNR wrote: »

Binance to buy coinmarketcrap

https://www.theblockcrypto.com/post/60371/binance-is-set-to-acquire-coinmarketcap-the-deal-could-be-worth-as-much-as-400-million

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

JohnnyFlash

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.

q85dw7osi4lebg

Addison Fancy Macrame wrote: »

As per title, have we reached the bottom ?

Don't think we'll see the likes of $3200 ever again.

$5150 at time of posting.

Back in the mainstream media once more.

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.

Dohnjoe

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

q85dw7osi4lebg

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

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

Make that $7150.

Dohnjoe

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

q85dw7osi4lebg

Dohnjoe wrote: »

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

Fair enough but I'll do another update in 365 days when the thread is 2 years old, whether we're up 30% or down 90%. I wouldn't be cheery picking periods such as 3 weeks like Peter Schiff.

cnocbui

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

cnocbui wrote: »

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.

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.

FFVII

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

Selective indeed

Dohnjoe

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

el diablo

Dohnjoe wrote: »

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

What does this mean?

crisco10

el diablo wrote: »

What does this mean?

I assume its that you don't have to pick one and stick with it.

cnocbui

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

cnocbui wrote: »

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.

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

?

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

?

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

cnocbui

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.

Dohnjoe

cnocbui wrote: »

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.

Fair enough, and I know people who made bucks on houses here too, depends on many factors.

As for interest rates they vary all over the world, you can make up to 16% in Egypt, but that means jack, all depends on the local economic factors, and we're in the Eurozone here

JJJJNR

Inflection point on bitcoin?

Lex Luthor

JJJJNR wrote: »

Inflection point on bitcoin?

Would have thought it would have made a move by now

Expected it to have rolled over but that wick was interesting

Lex Luthor

The U.S. Digital Service, an executive agency housed within the Executive Office of the President of the United States, is instructed to design and implement the digital wallet capability in collaboration with Treasury

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3563007

stockshares

Lex Luthor wrote: »

The U.S. Digital Service, an executive agency housed within the Executive Office of the President of the United States, is instructed to design and implement the digital wallet capability in collaboration with Treasury

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3563007

Whats the significance of this?

cnocbui

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.

q85dw7osi4lebg

Change of plan, bought more today. Was going to hold off until the week of the halving but don't feel comfortable stacking little to no sats every week after doing it for a couple of years.

Now mentally and physically prepared for a dump to $1000 or a pump to $15,000.

[Deleted User]

cnocbui wrote: »

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.

Well there's the 19 years of not paying rent to take into account. Or if it's a buy-to-let there's the rental income to take into account. Or if you got it with a mortgage the actual investment is a fairly small percentage of the return.

Lex Luthor

stockshares wrote: »

Whats the significance of this?

its moving towards adoption of digital money

[Deleted User]

Lex Luthor wrote: »

its moving towards adoption of digital money

Do you think Bitcoin is going to be the digital money?, or another, new one..

Do you think maybe Bitcoin was just a psy-op to soften up the fringes on digital money?