Comment deleted by Site Moderator

When i put the majority of my money into crypto back in 2018 i saw it as a bet more than investments

It was ICO season and everything was a bit wild back then

Now my main picks have proven their staying power and i need to take a more sensible approach

Bats

I bought a bit of uniswap the other day and sold when the price rose as I was worried it would drop.

Are you never nervous it will fall or are you happy to leave your money in it ?

Hear a lot about 2017 but really it was the months after that were crazy. Everyone and their dog's mother had an ICO

comment by United we win (U19958)
posted 1 minute ago
If I could I’d ask my work to pay me in btc
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I get 10% of one of my contracts in BTC, it's cool.

comment by Blarmy (U14547)
posted 1 minute ago
Hear a lot about 2017 but really it was the months after that were crazy. Everyone and their dog's mother had an ICO
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Sorry, what’s an ICO ?

It will drop eventually but it’s not money I need any time soon. I’ve never sold any of my crypto for fiat currency ever. After going through the bear market and corona crash without being tempted to sell, I don’t think anything will worry me now. My plan was always to sell 75% of my BTC when it gets to $250k. I’m not sure what my plan is for the alts though.

comment by Blarmy (U14547)
posted 41 seconds ago
Hear a lot about 2017 but really it was the months after that were crazy. Everyone and their dog's mother had an ICO
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and all the truly shhittt coins down in the bottom 3000 places were doing 1000% a day with good volume. I think we still have some months to go... But you just never know.

I remember there was literally a coin called scamcoin and there website said "This is a scam, we are taking all your money"... it still went up by 1000%s in that alt season. We are not close to that level of fever yet.

Initial coin offering

Its the crypto equivalent of an IPO, you get tokens in exchange for investing into a project or company

Many alts are ICO tokens

As long as you are putting in money you can afford to lose, you should keep it in there. The best advice I can give is to set aside a certain amount every week or month and just buy regardless of the price. Anyone who has ever done that has been in a profit (apart maybe from people who started doing it a month ago but their time will come)

comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 1 minute ago
comment by Blarmy (U14547)
posted 41 seconds ago
Hear a lot about 2017 but really it was the months after that were crazy. Everyone and their dog's mother had an ICO
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and all the truly shhittt coins down in the bottom 3000 places were doing 1000% a day with good volume. I think we still have some months to go... But you just never know.

I remember there was literally a coin called scamcoin and there website said "This is a scam, we are taking all your money"... it still went up by 1000%s in that alt season. We are not close to that level of fever yet.
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Isnt bcash still a thing?

Fks sake its 10th

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Comment deleted by Site Moderator

comment by palmers_spur (U8896)
posted 19 minutes ago
comment by Mi Pelea (U18355)
posted 3 minutes ago
Palmers you haven’t missed the boat on BTC at all. It’s been trading in the $30k-$40k price range for 37 days now and is recovering from a 32% correction. In that time most of the alts have made significant gains, so going on past experience, Bitcoin is due another move to the upside. If the market was to crash, altcoins will dump way harder than Bitcoin so your money would be safer there, imo. Bitcoin is always going to be safest investment. I’ve only gone in heavy on most alts since Bitcoin broke its ATH because they were lagging far behind BTC. Most have caught up now.
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Bats

I had invested some money in BTC at the beginning of last month. It was going up and then about ten days in, crypto tanked and my portfolio was falling, and I bottled it and sold.

Since then I’ve been nervous getting back into it. As you say though, it seems the safest investment but the other ones tend to rise (and fall) more steeply.
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I invested in BTC on NYE at around £20k, before I did so I was worried that I left it too late.

I then shot up to £31k.

I too nearly bottled it and sold when it starting dropping, but I'm very glad I didn't now.

I think new investors are a lot more likely to panic buy / sell.

Comment deleted by Site Moderator

I think new investors are a lot more likely to panic buy / sell.
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Which is exactly why the bears/whales push the price down by shorting.

A whale or group of whales can trigger a crash buy selling lots of coins at slowly lesser amounts... Then the weak hands start panicking and selling at lower and lower prices... The whales then use the money when they started the selling frenzy to buy up all these cheaper coins, making their strength in the market even bigger.

Rinse and repeat.

comment by Blarmy (U14547)
posted 1 hour, 14 minutes ago
Have you spoken to the guy you know who has the percentage share lately?
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Ji ^

comment by Blarmy (U14547)
posted 16 minutes ago
comment by Blarmy (U14547)
posted 1 hour, 14 minutes ago
Have you spoken to the guy you know who has the percentage share lately?
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Ji ^
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The guy with 1000s in Nexo, you mean?

You know my memory is bad

Yeah you said he held 10% or something right

Which rn is a fk ton of value

Yea, he has 1000BTC in there, so 100BTC worth of Nexo to get his extra 2% APR

It's mental.

His BTC is rising, his Nexo is mooning... He is getting 80BTC a year in interest and will get millions more Nexo in dividends.

The rich get richer!

I might move to the Nexo wallet, will allow me to take the dividends

Ive just got a bunch of tokens from the ICO on a ledger that i havent touched in 2 years

I don't think the dividends are until summer, so maybe better to keep them offline for now unless you have crypto/fiat you want to make interest on?