Is anyone else starting to become a bit worried? mod note in first post

Pintman Paddy Losty · 24-05-2021 11:51pm

HGVRHKYY wrote: »

"Stop making money on this thing I don't understand/haven't invested in!!!"

I understand this thing far better than most.

The Pintman called the top of the market 2 weeks ago. Had people listened to me they would have saved themselves a lot. Instead they hodled. Mark my words were at early 2018 again. The slight up at the moment is a dead cat bounce. Look at the charts.

mcriot29 · 25-05-2021 12:00am

Pintman Paddy Losty wrote: »

I understand this thing far better than most.

The Pintman called the top of the market 2 weeks ago. Had people listened to me they would have saved themselves a lot. Instead they hodled. Mark my words were at early 2018 again. The slight up at the moment is a dead cat bounce. Look at the charts.

Yes I agree it will rise to late 40s maybe and then drop to 20k or less over the next few months

coolshannagh28 · 25-05-2021 1:18pm

Pintman Paddy Losty wrote: »

I understand this thing far better than most.

The Pintman called the top of the market 2 weeks ago. Had people listened to me they would have saved themselves a lot. Instead they hodled. Mark my words were at early 2018 again. The slight up at the moment is a dead cat bounce. Look at the charts.

Have to agree, the last leg up from 30 k and subsequent fall was essentially a pump n dump by Musk which shows that the market is being manipulated by big , smart money and the minnows have no hope.

bankboucy · 27-05-2021 6:16am

coolshannagh28 wrote: »

Have to agree, the last leg up from 30 k and subsequent fall was essentially a pump n dump by Musk which shows that the market is being manipulated by big , smart money and the minnows have no hope.

Yup

https://twitter.com/twocommapauper/status/1397106939193085952?s=21

Jackben75 · 27-05-2021 11:24am

Pintman Paddy Losty wrote: »

I understand this thing far better than most.

The Pintman called the top of the market 2 weeks ago. Had people listened to me they would have saved themselves a lot. Instead they hodled. Mark my words were at early 2018 again. The slight up at the moment is a dead cat bounce. Look at the charts.

disagree, in the space 7 years now, this bull run isn't over, maybe when we get to October, start to reassess. Personally i am expecting a big pump within the next month, i did think it would already have happened, 41 - 43 k appears to be the resistance level at the moment, once that is broken 50k will be on the horizon and should happen quite soon after

cnocbui · 27-05-2021 11:46am

coolshannagh28 wrote: »

Have to agree, the last leg up from 30 k and subsequent fall was essentially a pump n dump by Musk which shows that the market is being manipulated by big , smart money and the minnows have no hope.

I am a minnow, and I have plenty of hope, and that is because I ignore musk and the obvious whale action. It's the day traders who have no hope. Sell and buy on your own terms and stop being fear-driven and you have as much chance of gaining as the cetaceans and the elctric liar.

cnocbui · 27-05-2021 11:49am

Pintman Paddy Losty wrote: »

I understand this thing far better than most.

The Pintman called the top of the market 2 weeks ago. Had people listened to me they would have saved themselves a lot. Instead they hodled. Mark my words were at early 2018 again. The slight up at the moment is a dead cat bounce. Look at the charts.

Given your self proclaimed expertise, what is the current profit margin on your crypto investments?

Mellor · 27-05-2021 11:50am

Pintman Paddy Losty wrote: »

I understand this thing far better than most.

The Pintman called the top of the market 2 weeks ago. Had people listened to me they would have saved themselves a lot. Instead they hodled. Mark my words were at early 2018 again. The slight up at the moment is a dead cat bounce. Look at the charts.

The top of the market was 5 weeks ago.
You called it two weeks ago. Amazing

HGVRHKYY · 27-05-2021 11:56am

Mellor wrote: »

The top of the market was 5 weeks ago.
You called it two weeks ago. Amazing

A true visionary

27-05-2021 5:14pm

I would listen to Paddy Losty. He must be a millionaire by now.

Dohnjoe · 27-05-2021 5:30pm

Deleted User wrote: »

I would listen to Paddy Losty. He must be a millionaire by now.

When he starts saying it's all going to zero that's one of my buy signals.

Jackben75 · 27-05-2021 8:43pm

cnocbui wrote: »

I am a minnow, and I have plenty of hope, and that is because I ignore musk and the obvious whale action. It's the day traders who have no hope. Sell and buy on your own terms and stop being fear-driven and you have as much chance of gaining as the cetaceans and the elctric liar.

good wise post for a minnow :pac:

Basically, when investing in projects, have a plan, try and set stages for profit, the first being to cash out your initial investment or reinvest it.
Don't invest anything you cannot afford to lose.
Keep up to date on the projects you invest in.
Stick to the plan! Don't let emotions impact you (very difficult at times).

FutureTeashock · 29-05-2021 11:18am

That's it, I'm out!:mad: There is clearly no stable long term future for this "currency", and I find the constant yoyoing stressful and frustrating.

One minute I'm browsing Lamborghinis, the next used Nissan Micras. Enough!

These "coins" aren't worth the paper they aren't written on, so ****coin can now slither down the virtual toilet where it belongs.

I made a profit, albeit a small one.:o

Antares35 · 29-05-2021 11:27am

FutureTeashock wrote: »

That's it, I'm out!:mad: There is clearly no stable long term future for this "currency", and I find the constant yoyoing stressful and frustrating.

One minute I'm browsing Lamborghinis, the next used Nissan Micras. Enough!

These "coins" aren't worth the paper they aren't written on, so ****coin can now slither down the virtual toilet where it belongs.

I made a profit, albeit a small one.:o

I'm thinking the same. Bought into BTC at 25k. It's 35k now so can still escape with a profit! But I keep thinking about the lovely 60k it was at a while ago!

29-05-2021 11:43am

Hodl, if you were in it for the quick buck you left it late to exit, now you are better to hold for the longer term

29-05-2021 12:27pm

This game is far less stressful if you play the long game

SortingYouOut · 29-05-2021 12:29pm

FutureTeashock wrote: »

That's it, I'm out!:mad: There is clearly no stable long term future for this "currency", and I find the constant yoyoing stressful and frustrating.

One minute I'm browsing Lamborghinis, the next used Nissan Micras. Enough!

These "coins" aren't worth the paper they aren't written on, so ****coin can now slither down the virtual toilet where it belongs.

I made a profit, albeit a small one.:o

It's been a few weeks since the drop, were you just expecting a big return quick? I'm holding this for years not weeks. Imagine the feeling looking back in a few years when it's possibly over 100k. I don't have to imagine because I pulled out at 6k last year and I was gutted seeing it hit 50k.

HGVRHKYY · 29-05-2021 1:42pm

[Deleted User] wrote: »

Hodl, if you were in it for the quick buck you left it late to exit, now you are better to hold for the longer term

Really sad how impatient some people are with all of this

Probes · 29-05-2021 1:44pm

My tactic is aim for a certain number of coins rather than any usd value, once you get in that mindset there is very little stress involved as dips become a bonus where you can realise your goal that little bit quicker.

Probes · 29-05-2021 1:47pm

Also, I saw a graphic the other day that seemed to show that anyone who bought and held Bitcoin over 4 years at any point in Bitcoins history has made money.

29-05-2021 1:52pm

Probes wrote: »

My tactic is aim for a certain number of coins rather than any usd value, once you get in that mindset there is very little stress involved as dips become a bonus where you can realise your goal that little bit quicker.

This is a great idea

FFVII · 29-05-2021 2:02pm

Probes wrote: »

Also, I saw a graphic the other day that seemed to show that anyone who bought and held Bitcoin over 4 years at any point in Bitcoins history has made money.

Wont always be true...maybe.

Donald Trump · 29-05-2021 2:03pm

SortingYouOut wrote: »

Imagine the feeling looking back in a few years when it's possibly over 100k.

That's a bad attitude for anything to do with your money to be honest. Put your money into it because you think it might hit 100k by all means. Don't put it in only because you fear missing out if it happens.

The correct decision for you today, does not become incorrect because if what subsequently transpires. Conversely, a bad decision today that actually comes through for you by luck does not make it a good decision.

You pulling out at 6k might have been the perfectly correct decision for you based on your circumstances and information you had then. It subsequently going to 50k does not necessarily make that retrospectively wrong.

I'm not even talking about utility. Just general

FutureTeashock · 29-05-2021 2:14pm

HGVRHKYY wrote: »

Really sad how impatient some people are with all of this

If I were to plonk 500€ into Bitcoin at today's price, and even if hit 1 million per coin, I would only net 15,000.

That is of course a lot of dosh, but I wouldn't be driving around in a Lambo either.

Unless one is willing to risk 5-10 k, I just really see the point.:(

cnocbui · 29-05-2021 2:14pm

Probes wrote: »

Also, I saw a graphic the other day that seemed to show that anyone who bought and held Bitcoin over 4 years at any point in Bitcoins history has made money.

Taking the long view - HODLing - is hard, it takes discipline.

The whales manipulate. If you look at the distribution of coins and wallets less than 0.34% of wallets contain more than 10 bitcoin.

For whales to make a lot of money, the price has to rise again. If it goes to zero they lose - a lot.

It is in the whales interests for the BTC price to rise again and so it will. They have the funds to make it happen.

People need to stop looking at the daily price and chewing their fingernails in worry. If the price crashes - wait. And for goodness sake don't sell, that's why the whales crashed the price in the first place, so they can get to eat your lunch.

Don't be a krill.

29-05-2021 2:19pm

Donald Trump wrote: »

That's a bad attitude for anything to do with your money to be honest. Put your money into it because you think it might hit 100k by all means. Don't put it in only because you fear missing out if it happens.

The correct decision for you today, does not become incorrect because if what subsequently transpires. Conversely, a bad decision today that actually comes through for you by luck does not make it a good decision.

You pulling out at 6k might have been the perfectly correct decision for you based on your circumstances and information you had then. It subsequently going to 50k does not necessarily make that retrospectively wrong.

I'm not even talking about utility. Just general

I've had awful trouble trying to tell friends that results-oriented-thinking is flawed

FutureTeashock · 29-05-2021 2:22pm

Perhaps when all 22 million bitcoins are mined, the price will become more stable and thus more useful as a currency?

At the moment it really is pointless apart from as a speculative tool.

Probes · 29-05-2021 2:27pm

FutureTeashock wrote: »

Perhaps when all 22 million bitcoins are mined, the price will become more stable and thus more useful as a currency?

At the moment it really is pointless apart from as a speculative tool.

Perhaps, I’ve always wondered about the longevity because so many Bitcoin will be lost in the coming decades, how can they ever be reclaimed? At what point does it become so scarce that it’s worth nothing? Is there an estimate of how many are lost per year? Surely as people die more and more will be lost because their wallets will be lost forever.

Edit:
After googling it appears Bitcoin has the potential to be divisible by more than just satoshis.

Donald Trump · 29-05-2021 2:29pm

Deleted User wrote: »

I've had awful trouble trying to tell friends that results-oriented-thinking is flawed

A lot of addicted gamblers have similar logic

cnocbui · 29-05-2021 2:37pm

Probes wrote: »

Perhaps, I’ve always wondered about the longevity because so many Bitcoin will be lost in the coming decades, how can they ever be reclaimed? At what point does it become so scarce that it’s worth nothing? Is there an estimate of how many are lost per year? Surely as people die more and more will be lost because their wallets will be lost forever.

Edit:
After googling it appears Bitcoin has the potential to be divisible by more than just satoshis.

People who are smart will pass on their passwords in their wills, their coins won't be lost when they die.

Is anyone else starting to become a bit worried? mod note in first post

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