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re: Official CryptoTalk Thread

Posted on 2/21/21 at 7:09 am to
Posted by Fox McCloud
Member since Oct 2020
3525 posts
Posted on 2/21/21 at 7:09 am to
Too late for me. The potential to the downside is much greater than the upside at this point.

I’ve done this before. I bought iota at .17 and watched it go all the way to $7 then all the way back down to .17cents.
This post was edited on 2/21/21 at 7:11 am
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5587 posts
Posted on 2/21/21 at 7:16 am to
quote:

I’ve done this before. I bought iota at .17 and watched it go all the way to $7 then all the way back down to .17cents.


And if you had it today you would be up nearly 1000% from your 0.17 buy in Not a bad 3-4 year return

You don’t lose until you sell
Posted by Fox McCloud
Member since Oct 2020
3525 posts
Posted on 2/21/21 at 7:20 am to
Until it crashes again. It’s not a reliable investment.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 2/21/21 at 7:26 am to
bruh you're out here playing penny stocks and then talking about "reliable investments"
Posted by Ron Cheramie
The Cajun Hedgehog
Member since Aug 2016
5587 posts
Posted on 2/21/21 at 7:26 am to
I agree with you on lots of these alts. It is similar to 2017 where you could basically throw a dart and pick one and it would go up and then it came crashing down. Need to go back and see how long that craze lasted in 2017

Also why I am big into LINK. Its been steady
This post was edited on 2/21/21 at 7:28 am
Posted by lsu777
Lake Charles
Member since Jan 2004
36997 posts
Posted on 2/21/21 at 7:38 am to
Well thats your fault for not knowing wtf you are doing and not setting stop losses. You got fricking greedy, didn't know what you were doing and now are jaded.

Not everyone is that greedy or dumb. Some of us actually understand how to lock in profit. And you would have to be a retard to not be playing alts during a bull run when 20% gains a day are very common. When you can lock in those types of gains, it's crazy not to do it.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82098 posts
Posted on 2/21/21 at 7:42 am to
quote:

Anybody buying right now is buying into fomo and you will shortly be hit by a crash.
define shortly please
Posted by Fox McCloud
Member since Oct 2020
3525 posts
Posted on 2/21/21 at 7:46 am to
I don’t need to justify anything to the crypto mob. Have fun investing in a sham.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/21/21 at 7:56 am to
He said define not justify
This post was edited on 2/21/21 at 7:57 am
Posted by Fox McCloud
Member since Oct 2020
3525 posts
Posted on 2/21/21 at 7:56 am to
He said define and I wasn’t talking to him.
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 2/21/21 at 7:59 am to
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82098 posts
Posted on 2/21/21 at 8:14 am to
Well when you make a blanket statement about a crash occurring shortly, it’s good to understand what you mean by shortly. No justification needed, just what are you calling shortly?
Posted by tduecen
Member since Nov 2006
161246 posts
Posted on 2/21/21 at 8:16 am to
1 day to 10 years
Posted by EarlyCuyler3
Appalachia
Member since Nov 2017
27290 posts
Posted on 2/21/21 at 8:24 am to
quote:

Have fun investing in a sham.


It's really no different than investing in penny stocks that will likely never deliver. You don't have to believe in the company or the coin to still make money.
Posted by HurricaneDunc
Houston
Member since Nov 2008
10472 posts
Posted on 2/21/21 at 9:13 am to
Does it feel like we’re hitting a point where BTC is becoming too high to buy in? I do worry a bit about FOMO investing in it right now.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/21/21 at 9:23 am to
Depends on your time horizon
Posted by SwampdogDC
Member since Jan 2005
1882 posts
Posted on 2/21/21 at 9:28 am to
Elon saying bitcoin seems too high in article yesterday, any chance that starts a correction? Crazy time we are in where certain people just say something and markets swing.

Also, who here uses Market Cipher and if so what time frame do you use?
Thanks
Posted by RATeamWannabe
Baton Rouge
Member since Sep 2009
26018 posts
Posted on 2/21/21 at 9:36 am to
I mean, if it’s going to 100k, or 250k, or whatever, you aren’t buying because it’s too high now?
Posted by HurricaneDunc
Houston
Member since Nov 2008
10472 posts
Posted on 2/21/21 at 9:37 am to
quote:

Depends on your time horizon


Of course. But if a correction is near, I’d rather wait for that to happen and get more gains post correction.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 2/21/21 at 9:39 am to
a lot of assets seem frothy right now.

gold even went up 1% last week
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