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So it’s a finite asset asset but with little intrinsic value who’s value is determined by speculation?
Excellent. Where do I buy?
Well it's gone crackers again,and again feel like I've missed the boat on this one.Ive got 2 mates who have pretty much double their money in the last 2-3 months in crypto.How many millionaires will have just been created in the last 2 weeks.Its insane.
And yes I am gutted,and a tad bitter I didn't invest like my mates did.?
The thing with crypto is there's always another boat.
Mine total holding is up 50% in the last month (now worth about £2k total - back to where it was 8 months ago!), but I know it will drop again, then go up again, then drop again! 🙂
I just dribble money in and treat it as a long term gamble.
Could you ask ChatGPT to solve the bitcoin hash?
Chapeau. I did ask ChatGPT if blockchain as a tech deployment died a death and this was the answer:
Blockchain hasn't exactly "died," but its hype cycle has certainly cooled, and many projects are taking a more pragmatic approach.
I remember seeing BlockChain being touted as a tech solution for many mainstream areas hence my question:
Enterprise Blockchain Slowdown: Big corporations, like IBM and Maersk, started ambitious blockchain initiatives, but many of these have either slowed down or pivoted to less decentralized tech due to high costs, complexity, and scalability issues. Supply chain blockchain applications still exist but have largely become private or permissioned networks.
So in summary:
Blockchain as a technology isn’t "dead"—it's more like it's maturing and being more strategically deployed where it makes sense. The excitement may have waned, but certain sectors and applications are still investing and innovating within the blockchain space.
Has blockchain as a tech deployment died a death?
The professional hypers have moved onto AI so mostly yes. You can no longer get a big budget for "blockchain".
Pretty much everyone looked at it and couldnt really see a good use for it. Its great for a very specialist use case where you have a zero trust shared database.
Even in cases where ownership is shared across companies because you then need to deal with dispute resolution etc. To take the "supply chain" reference that normally means you have something physical as well as the computer record so you cant just go "blockchain" but explain exactly how it relates to the physical objects and what happens if they disagree.
So a joint company gets set up to control that and hence no need for the zero trust db.
Seems to be following the usual Gartner hype cycle diagram and arguably in the trough of disillusionment phase
MSTR watches. I know your out there.
Another day, another ba-ba-jillion dollars increase to stock price and market cap. When and how will this madness end? (And could you tell me a couple of days before it happens?)
MSTR has gone bananas hasn't it!
I am 300% up ony small investment wishing I put way more in, hindsight and all...
How do you decide when to sell your crypto currency? Serious question!
First time my total has been up above the total I put in, for 9 months (lost faith in it and stopped buying well over a year ago).
Any thoughts on Cardano/ADA, and Cosmos/ATOM?
Need some strategy I guess. I'm tempted to take some partial profits now, but with the small amounts I have, and knowing the potential for them to rise significantly if this bull run continues, am tempted to hang on, but ofc, will that will be regrettable if it the goes down hill again!
Fully aware that nothing is guaranteed and it's a gamble so not sure what I expect anyone to say.
I can't really help you, but a mate who has his eye on it constantly is planning on taking his profit in April if he can hold his nerve... I have no idea if that's a good idea or not! He's got his eyes on an extension and a new kitchen! ? A bit of a pump after trump gets inaugurated is quite possible i'd guess.
It's a tough one, my wallet has gone 3x in less than a month. But I'm happy to gamble and wait longer, it's been sat there doing nothing long enough that I've written that money off anyway so I'm willing to see if it keeps going, I might get a free bike out of it after all!! Or it might all go to zero tomorrow ??
How do you decide when to sell your crypto currency? Serious question!
Don't think anyone can tell you this.
Need some strategy I guess.
Best strategy is to put the same amount in every week/month, regardless of price, and hold it as long as possible. It's dollar cost averaging, and removes the risk of ploughing money in at stupid times - which is generally what people do when there's all the hype.
In the long term it's likely (but far from guaranteed) to go up. Could be by a little, or it could blow past a million. Just sit on it and forget about it.
You could make a lot of money in a short period of time if you're willing to throw large amounts of cash at it. Or you could equally lose a shitload of money in a short period. Like a casino really. Don't put anything in you're afraid to lose.
It's on a decent run already but I imagine it's going to get hyped when it reaches 100k, possibly in the next day or so.
I'm not interested in buying strategies right now, I'm looking at when to sell.
For those who do DCA, and if using the DCA strategy does indeed lower the risk, wouldn't it be even better to stop buying altogether at "stupid times" ?
wouldn’t it be even better to stop buying altogether at “stupid times” ?
Not if it keep going up...
I've always thought that half of the point of DCA strategy is that you loose a bit of sensitivity to price movements. You're aiming to reduce the stress of trying to time the market and just exchanging a consistent amount of money on a regular basis.
Sometime you'll get more crypto/shares for your money, sometimes you'll get less. You always end up with more than you had before you bought though and that's the point. You're gradually growing your stash/investment/ bag/ whatever.
a mate who has his eye on it constantly is planning on taking his profit in April if he can hold his nerve… I have no idea if that’s a good idea or not!
Possibly tax reasons, one load out late March, another early April, two lots of CGT allowance?
For those who do DCA, and if using the DCA strategy does indeed lower the risk, wouldn’t it be even better to stop buying altogether at “stupid times” ?
No, because 100% gains on £100 is a lot less than 25% gains on £1000
I buy and sell all the time. Manually and just pick the right time and currencies. Take small profits frequently instead of waiting for a larger gain (or loss)
Lots of small profits add up.
How do you decide when to sell your crypto currency? Serious question!
Gut feel & some mildly educated guesswork based on past trends in my case.
Got a fairly sizable amount in Bitcoin right now & I have ‘sold it in my head’ probably 30 times this week, with a view to sitting it out for a while and see what happens. I haven’t actually done it yet though.
How do you decide when to sell your crypto currency? Serious question
Made the decision to sell today, couldn't hold out any longer and means NBD is now round the corner! Still got a little bit of bitcoin left and some xrp locked in a sell order if it goes any higher. Gone bonkers over the last few days
HobNob's advice to go on gut feel and mildly educatged guesswork struck a chord and so I sold ALL my Bitcoin! Admittedly, it only was worth £359 - but I'd only put £100 into Bitcoin and this time of year a little extra is always useful. Still have the Cardano & Cosmos, hoping they'll get back somewhere closer to their ATHs within the next few months.
Anyone else seeing their Crypto in free-fall and reading the Rolls Royce shares thread with a slight pang of envy!! 🤣
I took some profit out a few weeks ago thankfully, got a bit left in, but if that were to disappear tomorrow I'd still be up on my original investment. If it has another little run I'll take the rest, otherwise it can just sit there indefinitely.
A friend was on the verge of withdrawing enough to pay for an extension, but has just missed out on the right moment! He's hoping for another run 😬
Could be worse, MicroStrategy is down 45% from it's peak...
If they ever have to liquidate their holding then the price will plummet.
Just resurrecting this thread - is anyone still holding any crypto? Is there a sensible one to buy at the moment (for long-term investment, i.e. months to years), or is all just in freefall and not worth touching?
I read that trumps meme coin did rather well for certain sectors of society,
For macro chart lovers. BTC is following M2 Global liquidity. The liquidity has already happened but takes approx 10-12 weeks to reach BTC and other assets.
Not investment advice and mainly for shits and giggles when you allow for the 10-12 weeks you get a map for BTCs high time frame direction.
According to this - it will rip into june July.
It follows M2 80% of the time.
It's doesn't follow magnitude but but does follow direction.
Do not buy bitcoin based on this chart!
Unfortunately still have some but only because I've chosen to hold it too long. Made mistake of thinking they're all like BTC and will go high if held for long enough. They're not.
Didn't realise Trump has a whole DEFI system - world liberty financial - that will make lending for accredited investors easier. Makes use of a handy clause in the SEC.
Probably BTC is best bet for long term (and that's what it is really, just a bet.) It comes and goes in cycles, I had various crypto for 3-4 yrs and it remained stagnant, then it suddenly jumped up and I cashed a load out.
I've still got the value of my initial investment sat there, I've just checked and that's increased 20% in the last month. But it could drop that much literarily over night... Not even that, just a couple of hours, it swings that much
Long term, BTC will probably continue it's upward trend, but you may have to accept it crashing and essentially losing a load of money for several years before you see a decent return.
I'm not much of a gambler though, it's safer investments for me from now on, I got what I wanted out of it, but I'll probably trickle a little bit here and there and continue to hold what I've got left in it indefinitely, see if it's worth a bit more in 5 or 10 years.
Very much on track with M2 Global.
To prove how volatile it is everything has spiked today up to 21% depending on the crypto!!
😬😬
bagoshite the lot of it
glad i sold it all earlier this year without too much loss.
slightly tempted to get bitcoin if it drops down really low though.