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Bitcoin almost 50% off

2

Comments

  • #32
    Swindled
    Closed Accounts Posts: 374 ✭✭Swindled


    Badly fukt wrote: »
    This isn't a crash, it's market manipulation to convince people to sell so others can buy cheaper. Just look at who's going all in!
    https://www.coindesk.com/institutional-bitcoin-buying-spiked-around-wednesdays-crash

    Oh, well that's all right then, nice and easy to manipulate the price, that's even more reassuring, a sound investment so . . . no one will be able to make a fortuning shorting that market when it suits them . .lol.

    Please take my money, where do I sign up ?


  • #33
    [Deleted User]
    Posts: 939 ✭ [Deleted User]


    Swindled wrote: »
    Oh, well that's all right then, nice and easy to manipulate the price, that's even more reassuring, a sound investment so . . . no one will be able to make a fortuning shorting that market when it suits them . .lol.

    Please take my money, where do I sign up ?

    It's up to you, plenty of money to be made as long as you're smart enough to take profits when they're there and buy in the dips.


  • #34
    McMurphy
    Registered Users, Registered Users 2 Posts: 13,365 ✭✭✭✭McMurphy


    Dipped my toe in the crypto currency recently for the first time, see what the fuss was about. Bought €1k of ETH. Last time I looked on Revolut, my "investment" was sitting around the €680 area.

    Think it was last Wednesday evening, I bought the ETH, so not even a week ago. Hopefully it'll start heading in the opposite direction soon.


  • #35
    [Deleted User]
    Posts: 939 ✭ [Deleted User]


    McMurphy wrote: »
    Dipped my toe in the crypto currency recently for the first time, see what the fuss was about. Bought €1k of ETH. Last time I looked on Revolut, my "investment" was sitting around the €680 area.

    Think it was last Wednesday evening, I bought the ETH, so not even a week ago. Hopefully it'll start heading in the opposite direction soon.

    I bought mine at 400 last year :p

    That doesn't mean you make a bad investment, just sit on it, you'll be well in the green by the end of the year


  • #36
    Skerries
    Registered Users, Registered Users 2 Posts: 12,942 ✭✭✭✭Skerries


    lrgscalecoaster-only-fools-and-horses-millionaires.jpg?w=930
    Untitled Image




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  • #37
    WhiteMemento9
    Registered Users, Registered Users 2 Posts: 1,575 ✭✭✭WhiteMemento9


    POBox19 wrote: »
    Is there a market in shorting BTC?

    If you have you ask then I would say it is a good idea to stay away.


  • #38
    StonedRaider
    Registered Users, Registered Users 2 Posts: 470 ✭✭StonedRaider


    If you see the bandwagon... it's too late

    With ETH quick in, quick out. Bought @ €1900 back in March, sold on under 4 weeks later @ €3800

    Bought a few bitcoin back in 2016 at around €300+ each. A guy even paid me in bitcoin for a bicycle I was selling. Sold off this year before mr.tesla got in :( would have made €30k more if only I waited. Traded a little for the cheaper $hitcoins just to see where they'd end up in 12-18months


  • #39
    Del Griffith
    Registered Users, Registered Users 2 Posts: 1,231 ✭✭✭Del Griffith


    POBox19 wrote: »
    Is there a market in shorting BTC?

    Practically every exchange, including the ones listed in the OP.


  • #40
    Dante
    Registered Users, Registered Users 2 Posts: 1,598 ✭✭✭Dante


    POBox19 wrote: »
    Is there a market in shorting BTC?
    That sounds like a recipe for disaster.


  • #41
    tdf7187
    Registered Users, Registered Users 2 Posts: 1,597 ✭✭✭tdf7187


    Blue Horsesh.it loves Annacott steel.


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  • #42
    Del Griffith
    Registered Users, Registered Users 2 Posts: 1,231 ✭✭✭Del Griffith


    DaaaaaaaaaaN wrote: »
    That sounds like a recipe for disaster.

    Shorting the best performing asset every year for the last 10 years? What could go wrong?


  • #43
    tdf7187
    Registered Users, Registered Users 2 Posts: 1,597 ✭✭✭tdf7187


    Swindled wrote: »
    The no loose investment, everyone should buy into . . what could possibly go wrong.

    Indeed.

    https://www.google.com/search?q=dutch+tulips+bubble+graph&rlz=1C1GCEA_enIE909IE910&oq=dutch+tulips+bubble+graph&aqs=chrome.0.69i59j0i22i30l2.3207j0j9&sourceid=chrome&ie=UTF-8


  • #44
    tdf7187
    Registered Users, Registered Users 2 Posts: 1,597 ✭✭✭tdf7187


    Del Griffith wrote: »
    Shorting the best performing asset every year for the last 10 years? What could go wrong?

    Straight from the "the Irish property market will never collapse, sure look it's increased constantly for the past twenty years" mantra circa 2007. Us old timers have seen this movie before.

    At least with property you're buying something of tangible long term value and it (eventually) recovers.

    Bitcoin, on the other hand, hmmm....but you're young, you'll learn...I hope.


  • #45
    Del Griffith
    Registered Users, Registered Users 2 Posts: 1,231 ✭✭✭Del Griffith


    tdf7187 wrote: »
    Straight from the "the Irish property market will never collapse, sure look it's increased constantly for the past twenty years" mantra circa 2007. Us old timers have seen this movie before.

    At least with property you're buying something of tangible long term value and it (eventually) recovers.

    Bitcoin, on the other hand, hmmm....but you're young, you'll learn...I hope.

    Are you of the belief that bitcoin has never collapsed? (And recovered).

    I've got some news for you..


  • #46
    [Deleted User]
    Posts: 939 ✭ [Deleted User]


    Del Griffith wrote: »
    Are you of the belief that bitcoin has never collapsed? (And recovered).

    I've got some news for you..

    No we see the likes of them every time there's a big dip


  • #47
    Roberto_gas
    Registered Users, Registered Users 2 Posts: 4,591 ✭✭✭Roberto_gas


    Thanks OP…Bought few ****ecoins …oops bitcoins😂😂


  • #48
    tdf7187
    Registered Users, Registered Users 2 Posts: 1,597 ✭✭✭tdf7187


    Del Griffith wrote: »
    Are you of the belief that bitcoin has never collapsed? (And recovered).

    I've got some news for you..

    I wouldn't say that. I'm of the belief that the apparent emotional attachment Bitcoiners develop to their favoured asset class is a bit weird.

    You can't actually shag Bitcoin, as far as I'm aware.


  • #49
    [Deleted User]
    Posts: 3,842 ✭✭✭ [Deleted User]


    WhiteMemento9 wrote: »
    If you have you ask then I would say it is a good idea to stay away.

    Because only professional investors get involved in Bitcoin?


  • #50
    [Deleted User]
    Posts: 3,842 ✭✭✭ [Deleted User]


    Del Griffith wrote: »
    Shorting the best performing asset every year for the last 10 years? What could go wrong?

    Bitcoin is going to zero eventually. Western governments will eventually do what the Chinese have done.

    I suppose that might kill the short market as well though.


  • #51
    Briana Kind Cilantro
    Posts: 42 ✭ Briana Kind Cilantro


    I don't think I'll be taking 38,000 euro out of my bank account to buy an imaginary coin


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  • #52
    py2006
    Registered Users, Registered Users 2 Posts: 9,845 ✭✭✭py2006


    How and where do you buy these bitcoin thingies?


  • #53
    POBox19
    Registered Users, Registered Users 2 Posts: 885 ✭✭✭POBox19


    py2006 wrote: »
    How and where do you buy these bitcoin thingies?


    I don't know, but Tulips are available in every Garden Centre.


  • #54
    [Deleted User]
    Posts: 939 ✭ [Deleted User]


    py2006 wrote: »
    How and where do you buy these bitcoin thingies?

    Crypto exchanges like Binance, Coinbase, Kraken, crypto.com


  • #55
    tdf7187
    Registered Users, Registered Users 2 Posts: 1,597 ✭✭✭tdf7187


    py2006 wrote: »
    How and where do you buy these bitcoin thingies?

    If you want my take, steer clear. Buy another MX-5 if you've more money than you know what to do with! Just my 2c.


  • #56
    Del Griffith
    Registered Users, Registered Users 2 Posts: 1,231 ✭✭✭Del Griffith


    [Deleted User] wrote: »
    Bitcoin is going to zero eventually. Western governments will eventually do what the Chinese have done.

    I suppose that might kill the short market as well though.

    So western governments will only allow bitcoin to be mined with renewable energy and only allow qualified investors to trade in it?

    Firstly, no. Secondly how would that get the price to zero exactly?


  • #57
    tdf7187
    Registered Users, Registered Users 2 Posts: 1,597 ✭✭✭tdf7187


    Del Griffith wrote: »
    So western governments will only allow bitcoin to be mined with renewable energy and only allow qualified investors to trade in it?

    Firstly, no. Secondly how would that get the price to zero exactly?

    Fvp4 is right to say it's going to zero, but not entirely correct to say that the reason it's going to zero is because of western governments copying China as regards the regulations.

    It's going to zero because it doesn't exist. It has no intrinsic value. Like 3 day old Dutch tulips.


  • #58
    mikeorange
    Site Banned Posts: 58 ✭✭mikeorange


    Briana Kind Cilantro wrote: »
    I don't think I'll be taking 38,000 euro out of my bank account to buy an imaginary coin

    Honestly people that don't spread investments across shares, crypto, property, cash and diversify assets are foolish imo.

    You don't even have to invest much in crypto to make good money

    Crypto and shares the last few years has been the easiest money I have ever made, 1000% return I made on doge coin recently has me questioning why I even bother with shares.

    With cyber attacks on banks looking very likely in near future it would be wise to have some cash and crypto on hand.

    Bitcoin will be back and over 100k in the long term, this just another cycle.


  • #59
    killbillvol2
    Registered Users, Registered Users 2 Posts: 5,182 ✭✭✭killbillvol2


    tdf7187 wrote: »
    Fvp4 is right to say it's going to zero, but not entirely correct to say that the reason it's going to zero is because of western governments copying China as regards the regulations.

    It's going to zero because it doesn't exist. It has no intrinsic value. Like 3 day old Dutch tulips.

    You're wasting your time. The thread was started by someone who is so deluded that he thinks a collapse in the value of his assets is equivalent to a 50% off SALE! So he should buy more!

    I'm sure some of these people have accidentally made money in this fantasy land but I'd bet any number of Bitcoin that they'll be penniless in the not too distant future after spunking the lot on some other imaginary get rich quick scheme.


  • #60
    Del Griffith
    Registered Users, Registered Users 2 Posts: 1,231 ✭✭✭Del Griffith


    tdf7187 wrote: »
    It's going to zero because it doesn't exist.

    LOL


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  • #61
    positron
    Registered Users, Registered Users 2 Posts: 6,472 ✭✭✭positron


    Bitcoin exists because it hasn't become a threat to global currencies - mainly USD, Euro or RNB. When it does, it will be taken down one way or another. This has been my opinion since I decided not to buy bitcoin when it was around €10-€20 back many years ago... (of course I could write books about missed opportunities :( )


This discussion has been closed.
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