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Is anyone else starting to become a bit excited?
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Mucashinto wrote: »when bitcoin go moon?
Zoom out for a better perspective. It's up 52% since Jan 1 and 120% since March 12. That's some way for bitcoin to handle its first economic crisis!
I'd be happy enough if it coasted along around current levels for the rest of the year.0 -
makeorbrake wrote: »Zoom out for a better perspective. It's up
I'd be happy enough if it coasted along around current levels for the rest of the year.
I bought in May so I'm up - although not as up on my "portfolio" :rolleyes: as I was - and the idea of just easily enjoying a passive income from it is a bit unrealistic I suppose but I was forseeing a significant rise before xmas tbh. Like to 15k...
The stock market is also up - how in the actual fook?? - so it's hard for me to tell where crypto is really at. And I bought in cause I thought inflation was inevitible but looking at the consumer devices getting released at the moment they're going down if anything so I seem to have been wrong there.
I'm going to be forced to sell for "liquidity" reasons just before it rockets amn't I? 0 -
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@makeorbrake
Thanks for your reply. That podcast was reassuring
When I bought crytpo first I was feeling that way. Was looking at my savings in the bank getting depressed tbh. Thinking this is just basically worthless fodder for the banking system and getting worse everyday. And it does look like inflation is everywhere, just not in things like TVs or cars which we shouldn't be paying attention to anymore.
I'm 1/3 gold, 1/3 crypto, 1/3 cash now basically but treating the cash very lightly and burning through it as I was/am sure what it will buy today is more than it will buy tomorrow. Was thinking I'd just borrow if needs be while the investments went up. If they come looking for it "sorry, you'll have to wait, covid":). Now panicking a bit as I thought I'd see a better uptick by now tbh but feck it I'm going to ride it out. Happy to die on this hill.
The gold is a genuine hedge for me but I hope it's not an either/or with crypto. Just much happier seeing that relatively steady rather than crypto and would change the gold back to cash over crypto.
Equally I haven't done enough proper research on crypto so that if it does work out for me it's based really on a hunch (I had bought in June 17 and sold at end of summer cos I couldn't handle volatility. Bit early there :rolleyes:).
Honestly I was thinking there could be 2 outcomes - the western world returns to the kind of democratic socialism of before so maybe things like crypto drop like a stone but buying a measly house doesn't cripple you so I'm neutral at the end of the day or faith in systems collapses and money rushes to something like bitcoin which offers a counter balance.
A couple of things that I'll wait for;
1st October could be important apparently - this is when the furlough runs out in US so companies can start laying off employees. It's amazing to me the dow/s&p are still up when the outlook is so bleak. It just seems insane unless I'm really stuck in some 1980s mindset that no longer applies.
3rd Nov and US election. I don't think Trump's a Machiavellian genius (or a Russian puppet :rolleyes:) but I wonder if he's keeping the stock indices up. He's sorted them out enough, and he obviously cares about the headline figure, so maybe there's enough support to funnel some the trillions he's printing them to keep it looking healthy. A change in leadership, and the inevitible dispointment that will be felt if the underwhelming opposition get in, could see that change quickly imo.
Funny when you hear people investing sums infinitely vaster than yours completely chill. Everything's relative but maybe there's a mindset to it alright.
tl;dr I HODL0 -
One of the best I've listened to in 2020 (and I've become a crypto podcast junkie in 2020).Mucashinto wrote: »That podcast was reassuring
Been waiting for this shoe to drop all bloody year. Crypto is complicated enough but this really has made for a far more complicated year than I was thinking in terms of back in January. Nobody can time this it seems...but surely a reset has to come....Mucashinto wrote: »1st October could be important apparently - this is when the furlough runs out in US so companies can start laying off employees. It's amazing to me the dow/s&p are still up when the outlook is so bleak. It just seems insane unless I'm really stuck in some 1980s mindset that no longer applies.
Bitcoin surely will take a bath with it - and that's the complicating factor as otherwise all signs are bullish for me.
For a guy who clearly has zero empathy, if he was to muster some, it would be for the markets as that's all he cares about! I don't fully understand this but I'm listening to some commentators suggest that there will be a downturn either just before or after the election. As always, large servings of salt with all predictions!Mucashinto wrote: »3rd Nov and US election. I don't think Trump's a Machiavellian genius (or a Russian puppet :rolleyes:) but I wonder if he's keeping the stock indices up. He's sorted them out enough, and he obviously cares about the headline figure, so maybe there's enough support to funnel some the trillions he's printing them to keep it looking healthy. A change in leadership, and the inevitible dispointment that will be felt if the underwhelming opposition get in, could see that change quickly imo.
I guess it's all relative to how it works out proportionately. I'm sure that guy is worth a few quid so what he's playing with probably won't result in any lifestyle change for him if it goes wrong whereas for the rest of us, that's more likely. That said, he sounds savvy (and his record reflects that) - and it's still fairly ballsy for him to be the first CEO to take a publicly quoted company from mainly cash reserves to mainly BTC reserves.Mucashinto wrote: »Funny when you hear people investing sums infinitely vaster than yours completely chill. Everything's relative but maybe there's a mindset to it alright.0 -
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'a nice bit a ham bitcoin'Addison Fancy Macrame wrote: »Just took a nice bit of lovely Bitcoin from some weak hands. Love doing it. How very modern, Addison Fancy Macrame 0
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