askew
Full Member
Posts: 6,831
|
Post by askew on May 12, 2022 13:23:58 GMT
They've all got The Fear right now though. RIP savings.
|
|
スコットランド
Junior Member
Delicious gruel
Posts: 3,934
|
Post by スコットランド on May 12, 2022 13:33:11 GMT
I'm only 10% down overall on crypto, these diamond hands aren't being shaken.
Hodling to the moon once the paper hands are gone etc.
|
|
|
|
Post by unrealkilla on May 12, 2022 13:45:25 GMT
I been saying for years steer clear of crypto. All the real money has already been made. I do kinda wish I had listened to my investment expert friend back in 2010 and bought £100 of BTC. But there's no point in it now and everyone should get out while the gettings good.
Mining is a waste of time as well, unless you happen to own a factory full of machines and power that you somehow don't pay for.
|
|
|
|
Post by smoothpete on May 12, 2022 13:50:34 GMT
My meagre S&S ISA is looking increasing more meagre by the day. Getting absolutely hammered tbh
|
|
Chopsen
Junior Member
Posts: 2,690
Member is Online
|
Post by Chopsen on May 12, 2022 13:56:52 GMT
My SIPP and ISA is not *too* shabby at 9% annualised return over the last few years and I generally try to avoid fucking about with them too much. Time in the market and not timing the market, innit?
|
|
sport✅
Junior Member
notice me senpai
I want to claim my tits
Posts: 2,328
Member is Online
|
Post by sport✅ on May 12, 2022 14:19:25 GMT
At least after The Great Reset (should be any day now) we'll all be on a level playing field.
|
|
|
|
Post by clemfandango on May 12, 2022 14:21:52 GMT
I been saying for years steer clear of crypto. All the real money has already been made. I do kinda wish I had listened to my investment expert friend back in 2010 and bought £100 of BTC. But there's no point in it now and everyone should get out while the gettings good. Mining is a waste of time as well, unless you happen to own a factory full of machines and power that you somehow don't pay for. How much would that £100 be worth now? |
|
|
|
Post by unrealkilla on May 12, 2022 14:22:46 GMT
4.3 million, or some shit?
|
|
|
|
Post by Jambowayoh on May 12, 2022 14:24:27 GMT
Did you investment friend also invest 100 quid in 2010?
|
|
dogbot
Full Member
Posts: 8,738
|
Post by dogbot on May 12, 2022 14:24:45 GMT
I been saying for years steer clear of crypto. All the real money has already been made. I do kinda wish I had listened to my investment expert friend back in 2010 and bought £100 of BTC. But there's no point in it now and everyone should get out while the gettings good. Mining is a waste of time as well, unless you happen to own a factory full of machines and power that you somehow don't pay for. How much would that £100 be worth now? if you had sold at the peak, $85m. (BTC started at $0.08 in 2010 so a hundred bucks would have been 1250, selling 1250 at $68k is 85 mill) |
|
|
|
Post by clemfandango on May 12, 2022 14:25:48 GMT
jesus christ....
|
|
|
|
Post by Resident Knievel on May 12, 2022 14:27:28 GMT
Users were talking about mining bitcoin on eurogamer around that time so we probably have a few crypto oligarchs lurking here. I tried giving it a go back then but gave up when it seemed like hassle /o\
|
|
Bongo Heracles
Junior Member
Technically illegal to ride on public land
Posts: 4,666
|
Post by Bongo Heracles on May 12, 2022 14:33:47 GMT
I work with a security researcher who bought £200 worth in the early 2010s for research and then sold it when he was done.
He’s quite up beat about though as he knows he absolutely wouldn’t have ever kept it through peak value
|
|
|
|
Post by smoothpete on May 12, 2022 16:23:29 GMT
I bought quite a lot of it when it was around £150, also for "research"
|
|
|
|
Post by smoothpete on May 12, 2022 16:24:02 GMT
And I tell you what, it was fucking high quality "research"
|
|
Bongo Heracles
Junior Member
Technically illegal to ride on public land
Posts: 4,666
|
Post by Bongo Heracles on May 12, 2022 16:50:04 GMT
You’ll be pleased to hear I still don’t know how to buy or use it
|
|
cubby
Full Member
doesn't get subtext
Posts: 6,406
|
Post by cubby on May 12, 2022 17:04:39 GMT
You’ll be pleased to hear I still don’t know how to buy or use it I've got some for sale, best time to jump right in. |
|
|
|
Post by spindrwolf on May 12, 2022 18:12:39 GMT
Soooo, I'm not big up on Crypto but is there something I've missed as to why they are all crashing now ? Or is that just the Crypto roller coaster unusually sync'd ?
Also first post. W00t <i>!</i>
|
|
|
|
Post by Resident Knievel on May 12, 2022 19:21:18 GMT
hi Spin o/
- Crypto market crashed along with the stock market at the onset of the covid pandemic as everything shut down.
- Part of many government's response to this, especially the US government's, was to inject trillions of dollars in to the stock market and lower interest rates making markets more attractive.
- Shady stablecoin issuers' response to this was to print billions of new unbacked stablecoins and buy crypto with it to support the price of these scam coins.
- Stock markets shot up and whales bought and inflated the price of crypto further with their profits. Shitcoin and shitstock holders rejoiced but never took any profits.
- Late last year governments around the world, especially the US government, started to taper off their support of the markets and raise interest rates to try and fight off inflation and cool down the crazy housing markets.
- Without support, and rising interest rates making other assets more attractive than stocks and crypto for whales to park their money, the markets are starting to crash.
- The crashing is starting to expose the crypto projects that rely on ever increasing prices and the trust of delusional holders to function.
- As these projects and stablecoins fail it causes more panic and more selling and more volatile price swings and more diamond handed holders to post on Reddit that they've lost everything.
Hope that helps
|
|
スコットランド
Junior Member
Delicious gruel
Posts: 3,934
|
Post by スコットランド on May 13, 2022 14:56:10 GMT
hi Spin o/ - Crypto market crashed along with the stock market at the onset of the covid pandemic as everything shut down. - Part of many government's response to this, especially the US government's, was to inject trillions of dollars in to the stock market and lower interest rates making markets more attractive. - Shady stablecoin issuers' response to this was to print billions of new unbacked stablecoins and buy crypto with it to support the price of these scam coins. - Stock markets shot up and whales bought and inflated the price of crypto further with their profits. Shitcoin and shitstock holders rejoiced but never took any profits. - Late last year governments around the world, especially the US government, started to taper off their support of the markets and raise interest rates to try and fight off inflation and cool down the crazy housing markets. - Without support, and rising interest rates making other assets more attractive than stocks and crypto for whales to park their money, the markets are starting to crash. - The crashing is starting to expose the crypto projects that rely on ever increasing prices and the trust of delusional holders to function. - As these projects and stablecoins fail it causes more panic and more selling and more volatile price swings and more diamond handed holders to post on Reddit that they've lost everything. Hope that helps Great Summary. My crypto account is back level again, to the moon again! |
|
|
|
Post by Bill in the rain on May 14, 2022 3:21:59 GMT
Soooo, I'm not big up on Crypto but is there something I've missed as to why they are all crashing now ? Because I finally got around to buying some, and it's been all downhill from there.  |
|
スコットランド
Junior Member
Delicious gruel
Posts: 3,934
|
Post by スコットランド on May 14, 2022 6:41:20 GMT
Soooo, I'm not big up on Crypto but is there something I've missed as to why they are all crashing now ? Because I finally got around to buying some, and it's been all downhill from there. What did you buy? |
|
dogbot
Full Member
Posts: 8,738
|
Post by dogbot on May 14, 2022 11:18:37 GMT
|
|
neilka
New Member
Font Geeking
Posts: 426
Member is Online
|
Post by neilka on May 14, 2022 11:27:50 GMT
|
|
スコットランド
Junior Member
Delicious gruel
Posts: 3,934
|
Post by スコットランド on May 14, 2022 11:41:19 GMT
I see she's went down the "get so much plastic surgery you have a face like an alien" ageing route.
|
|
|
|
Post by Bill in the rain on May 14, 2022 13:19:59 GMT
Because I finally got around to buying some, and it's been all downhill from there.  What did you buy? Just regular old bitcoin. Not a crazy amount.
Unfortunately, I had to jump through a whole bunch of hoops to get the id i needed to be able to open the account, which ended up taking about 3 months.
If i'd actually been able to buy them 3 months earlier it would have been a much better deal, but I basically got the account approved at the exact moment bitcoin peaked.
So you can all thank me for the crash. Jinxed it!
Actually, investing is a bit of a pain because I can't open any new accounts in the UK because I'm non-resident.
I can now finally open ones in Japan, but there's the language issue, plus most of my savings are in the UK. Pain in the butt.
In another case of bad timing, I spent ages trying to find a decent UK investment option that I could access, finally found one and planned to open it that weekend, and that's when the whole Reddit/AMC investing thing kicked off and the one service that accepted non-residents 'paused' accepting new non-resident accounts and put me on a waitlist.. which I've now been on for 16 months.
Jinxed it again!
|
|
Bongo Heracles
Junior Member
Technically illegal to ride on public land
Posts: 4,666
|
Post by Bongo Heracles on May 14, 2022 13:39:42 GMT
To be fair to Madonna, if ever I was going to buy an NFT, it would be one of a nude, CGI Lolo Ferrari shooting a tree out of her fanny.
They knock those monkey pictures into a cocked hat.
|
|
スコットランド
Junior Member
Delicious gruel
Posts: 3,934
|
Post by スコットランド on May 14, 2022 13:50:05 GMT
Just regular old bitcoin. Not a crazy amount.
Unfortunately, I had to jump through a whole bunch of hoops to get the id i needed to be able to open the account, which ended up taking about 3 months.
If i'd actually been able to buy them 3 months earlier it would have been a much better deal, but I basically got the account approved at the exact moment bitcoin peaked.
So you can all thank me for the crash. Jinxed it!
Actually, investing is a bit of a pain because I can't open any new accounts in the UK because I'm non-resident.
I can now finally open ones in Japan, but there's the language issue, plus most of my savings are in the UK. Pain in the butt.
In another case of bad timing, I spent ages trying to find a decent UK investment option that I could access, finally found one and planned to open it that weekend, and that's when the whole Reddit/AMC investing thing kicked off and the one service that accepted non-residents 'paused' accepting new non-resident accounts and put me on a waitlist.. which I've now been on for 16 months.
Jinxed it again!
While most shitcoins would have been a disaster, with Bitcoin there's a good chance It'll reach ATHs again. Lesson I hopefully learn is to not be afraid to take profit and wait till future dips to buy in again if wanted. |
|
cubby
Full Member
doesn't get subtext
Posts: 6,406
|
Post by cubby on May 14, 2022 17:12:25 GMT
Oh wow, they weren't joking about the trees coming out of vaginas part.
|
|
スコットランド
Junior Member
Delicious gruel
Posts: 3,934
|
Post by スコットランド on May 15, 2022 22:41:56 GMT
Just bought myself some Luna, early retirement incoming.
|
|
