| Author | CRYPTO discussion |
|---|
Lost a lot of money today. Sold my ETH. And BTC eating a 20% loss up.
How is everyone doing? I’m thinking of buying back in once the market stabilises.
Ripple (XRP) looking weak too |
| sold my carnival cruise stock yesterday, hefty profit XD |
OMG, this was supposed to be in off game forums. My mistake meshy can move it later please.
Yea I just bought back in, looks like gonna rise again. Lost lots of money, definitely not donating this time around. Am eating bread next few days |
| just buy the S&P index fund and hold it for the next twenty years man, diversification benefits ftw |
probably should start following elon on social media :p
and buy as soon as he comments positive on BTC.. he is driving BTC and ETH heavily these days |
ETH didn't rise as much as BTC but damn it fell harder than BTC :P
And thats where I put most of my money into.
Not as much as others but I got 4 digit losses today lmao |
| putting money in crypto seems more like gamble than investment to me :p |
| Topic moved from "General game forum" to "Off-game forum". |
| I have many reasons to not trust crypto either as currency or as a sound investment. The main factor being that it has a pretty choked transfer pipeline which basically makes it useless for widespread adaption, at best crypto is digital gold to be hoarded by modern tech dragons, the only appeal is its volatility which can be exploited for profit. Investing into companies that are essential for crypto to blow up everytime is a far safer and better bet than crypto itself. So basically tsmc nvidia amd etc would be what i would invest in, maybe i wpuld use 10% of my money to try to profit off of crypto but not a dime more. Putting most of your stuff into crypto is lunacy |
| I did rookie mistake :( ... |
Prices going up back guys
I sold too late and bought back in too late fml |
| F, when you have profit the best is to sell and invest on real state |
| Theta and TFuel currently rising very rapidly. Both supported by Sony and Samsung... Time to invest while they are low... Predicting $100 by this year :D... |
Lost a lot of money today. Sold my ETH. And BTC eating a 20% loss up.
When you buy the dips but the dips keep dipping |
even lwm is not safe from crypto chat...
pump/dump |
Putting money in crypto seems to me more of a gamble than an investment :p
Money in crypto is safer than money in bank. Deflation/economic crisis will not affect crypto coins but it will affect dollar/euro.
Put your money in stable coins and get 10-25% strike per year. How much does a bank give you per year, 0.05%? Soon you will have to pay to keep it in the bank. Lol.
I am not a financial expert but have made some nice K's in the last year.
quote]I have many reasons not to trust crypto, either as a currency or as a sound investment. The main factor is that it has a fairly choked transfer pipeline that makes it basically useless for widespread adaptation, at best crypto is digital gold that needs to be hoarded by modern tech dragons, the only appeal is the volatility that can be exploited for profit. Investing in companies that are essential for crypto to blow up every time is a much safer and better bet than crypto itself. So basically I would invest in Tsmc nvidia amd etc, maybe I would use 10% of my money to try to profit from crypto, but not a dime more. Putting most of your stuff in crypto is madness.
This info makes it sound like you don't understand crypto. Take XRP (ripple) for example. They create a project that is used in real life for bank transfers. In other words, this crypto allows you to send money to the other side of the world in a matter of seconds with 100% security guarantee. It exchanges your euro to dollar instantaneously. Currently, some big companies are working with ripple, such as american express, Royal bank of Canada, etc.. In a few years, all banks will use this type of transaction.
If you would read about other projects, you could find 20+ that are adaptable in the real world |
For some reason my quotes didnt work. First one was for Arch lair, second for Igles.
Cheers |
This info makes it sound like you don't understand crypto. Take XRP (ripple) for example. They create a project that is used in real life for bank transfers. In other words, this crypto allows you to send money to the other side of the world in a matter of seconds with 100% security guarantee. It exchanges your euro to dollar instantaneously. Currently, some big companies are working with ripple, such as american express, Royal bank of Canada, etc.. In a few years, all banks will use this type of transaction.
You are very right about ripple but the fact remains that it’s basically more of digital gold than actual currency. I might change my stance if it become more popular but for now I believe that states will do whatever they have to do to keep a monopoly ok currency and therefore crypto has a hard road ahead. |
When you buy the dips but the dips keep dipping
+ |
| I will just keep it in there for a while. No shot I'm taking it out on a loss. |
