CryptoCurrency
- Thread starter Craggsy2
- Start date
Abel Tasman
Well-known member
If you fancy that flutter go for it. It’s a reflection on the turbulent markets that we see investors ploughing into Crypto. Personally at my stage in life wouldn’t want to take the risk.
Remember investments can go down as well as up
Remember investments can go down as well as up
MrIsaac
Active member
It went up to $1200 about 3 years ago, dropped all the way down to sub $200 before it’s recent rises over the last few months, as is the way with Crypto. You would be buying at the top end of the market if you bought now, so it would be a no from me.
PS: Bitcoin will always be streets ahead of other crypto currencies on a price per coin basis and that is not the way to compare them. It’s all about market cap against the coins in circulation allied to the business case of what their technology is achieving in the real world, and ETHEREUM are right up there with the very best.
Your guess is as good as anyone's.
If you look at these things there is a clear cycle: All time high, crash, repeat. The returns that make these attractive "investments" (they're not investments) are, in the case of bitcoin, the result of manipulation rather than "adoption" or "institutional investment" as is claimed.
However you can make money if you are able to time your purchase and sale. And each cycle brings with it a higher high and a higher bottom. The long term trend has been upwards.
One day however we will see the final pump and dump, and it will not rebound. You dont want to be left holding the bag.
Or maybe its going to go to 1 million a coin and i'm overlooking some amazing technology that requires bitcoin specifically.
If you look at these things there is a clear cycle: All time high, crash, repeat. The returns that make these attractive "investments" (they're not investments) are, in the case of bitcoin, the result of manipulation rather than "adoption" or "institutional investment" as is claimed.
However you can make money if you are able to time your purchase and sale. And each cycle brings with it a higher high and a higher bottom. The long term trend has been upwards.
One day however we will see the final pump and dump, and it will not rebound. You dont want to be left holding the bag.
Or maybe its going to go to 1 million a coin and i'm overlooking some amazing technology that requires bitcoin specifically.
MrIsaac
Active member
It’s current price will already reflect anything that is imminent.
Craggsy2
Well-known member
Thanks for the info, maybe I'll just keep a watch for now.
Jonny_Rondos_Disco_pants
Well-known member
The big cryptos, BTC, Eth, Ltc etc will ver the next few years grow even larger.
I bought into cypherium a few months ago in a presale as a bit of a long term punt.
I bought into cypherium a few months ago in a presale as a bit of a long term punt.
Craggsy2
Well-known member
Yes, just trying to find the next Tesla investment since unfortunately I missed out on that one.Your guess is as good as anyone's.
If you look at these things there is a clear cycle: All time high, crash, repeat. The returns that make these attractive "investments" (they're not investments) are, in the case of bitcoin, the result of manipulation rather than "adoption" or "institutional investment" as is claimed.
However you can make money if you are able to time your purchase and sale. And each cycle brings with it a higher high and a higher bottom. The long term trend has been upwards.
One day however we will see the final pump and dump, and it will not rebound. You dont want to be left holding the bag.
Or maybe its going to go to 1 million a coin and i'm overlooking some amazing technology that requires bitcoin specifically.
MrIsaac
Active member
What people don’t tell you is that once you’ve bought in, and because of the roller coaster ride that you get with the coin values, you end up constantly checking the prices and at times it takes over your life, which was why I ended up bailing out as soon as I made a reasonable % profit. It does do your head in.
asredastheycome
Well-known member
This post might as well be in Mandarin Chinese for me.
Hope you all make some cash and don't get burnt
Hope you all make some cash and don't get burnt
Alvez_48
Well-known member
FatCat
Well-known member
This company is not A currency but rather they mine bit coins - they buy super computers to help them do this. They found 96 bitcoins last month - there share price is obviously linked to bit coin value but may be worth a punt. They went up more than 600percent in the last year.
argoblockchain.com
Argo Blockchain | Bitcoin Mining & Technology Company
Argo Blockchain (LSE: ARB NASD:ARBK), leader in Bitcoin Mining & Blockchain Technology. A pioneer in using renewable power & innovation in Blockchain Technology
argoblockchain.com
FatCat
Well-known member
Did anyone look at this I think it’s gone up about 30per cent since I mentioned it yesterday.This company is not A currency but rather they mine bit coins - they buy super computers to help them do this. They found 96 bitcoins last month - there share price is obviously linked to bit coin value but may be worth a punt. They went up more than 600percent in the last year.
Argo Blockchain | Bitcoin Mining & Technology Company
Argo Blockchain (LSE: ARB NASD:ARBK), leader in Bitcoin Mining & Blockchain Technology. A pioneer in using renewable power & innovation in Blockchain Technology
Londons_Moggie
Well-known member
Ethereum is flying up at the minute and once the tech is developed further to increase it transaction speed it's price could go through the roof. It might seem expensive at $1000 but it could genuinely in a few years be worth $100000. Mine has gone up by £35000 in 2 months
Alvez_48
Well-known member
@Londons_Moggie the question I struggle with is... Where do you cash out?
Do you have a price per Eth where you'd take it?
Do you have a price per Eth where you'd take it?
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