I'm expecting a 10-15% rapid drop once we hit $10k

machiavellianme

Everything seems to be recovering today. Climbing gradually for the last hour or two

GreeBo

Wombatman wrote: »

Made 1.5k off a 5k investment over the last month. Have cashed out all and plan to hold off now for a couple of weeks. Can't handle the volatility right now.

Goes to show the madness, since the 9th Nov, I'm +3.1K with a 5k investment
(albeit that 5K was spread out over 4 separate drop over the course of that time)


The volatility is scary alright, I'm not cashing out, just trying to stop refreshing my cointracking.info page

Squozen

I'm down about €900 on a near-€11k investment right now (I stupidly invested on Wednesday because a stop-limit order on one of my index funds had triggered and the BTC news looked exciting) and I'll be happy to walk away with a 10-20% return in the next couple of weeks.

Moral of the story is don't invest part of your house deposit in crypocurrency, even if you're a bit bored at work.

GreeBo

Squozen wrote: »

I'm down about €900 on a near-€11k investment right now (I stupidly invested on Wednesday because a stop-limit order on one of my index funds had triggered and the BTC news looked exciting) and I'll be happy to walk away with a 10-20% return in the next couple of weeks.

Moral of the story is don't invest part of your house deposit in crypocurrency, even if you're a bit bored at work.

Was all that 11K invested on Wednesday or thats the total invested now?

Even still, things are picking back up all day, pretty much green across the board.
(Which is all the more annoying as Kraken still have my latest deposit on hold)

Moral of the story, dont do SEPA transfers for exactly the same amount within a few days of each other.

ZeroThreat

GreeBo wrote: »

Goes to show the madness, since the 9th Nov, I'm +3.1K with a 5k investment
(albeit that 5K was spread out over 4 separate drop over the course of that time)


The volatility is scary alright, I'm not cashing out, just trying to stop refreshing my cointracking.info page

You think you get nervy, now imagine those figures above are an order of magnitude larger

Selik

The problem with investing early in Bitcoin is how crazy the volatility is once you're talking a few k per day of what was only a few 100 at one point.

Always take at least a bit of profit on the way up and if you can keep it ready to buy any dips again - best way to increase your coins if that's your goal. It's not foolproof though and even I've been caught once or twice.

It's mostly worked for me the last year or so anyway but having said that it's piss easy in a rising bull market. I reckon we will be testing ATHs again soon and if that doesn't hold potentially down to 9k again and further down to 8k if thats doesn't subsequently hold. Long term we're good!

I know this thread has been going for 4 years or so and it's fascinating looking back but look as this one from the property bears on the property pin started in 2011 by a very very early bitcoin enthusiast. Plenty of early days threads like that on Bitcointalk but from an Irish perspective this is great and very interesting.

http://www.thepropertypin.com/viewtopic.php?f=19&t=37667

GreeBo

Selik wrote: »

The problem with investing early in Bitcoin is how crazy the volatility is once you're talking a few k per day of what was only a few 100 at one point.

If anyone has any $1 BTC causing them problems I'll gladly take them off your hands for $5!


I'm not convinced about cashing in to wait for the next drop...seems like trying to time the market which is never good with regular stocks that have fundamentals...cryptos just have mentals.

ZeroThreat

Selik wrote: »

The problem with investing early in Bitcoin is how crazy the volatility is once you're talking a few k per day of what was only a few 100 at one point.

Always take at least a bit of profit on the way up and if you can keep it ready to buy any dips again - best way to increase your coins if that's your goal. It's not foolproof though and even I've been caught once or twice.

It's mostly worked for me the last year or so anyway but having said that it's piss easy in a rising bull market. I reckon we will be testing ATHs again soon and if that doesn't hold potentially down to 9k again and further down to 8k if thats doesn't subsequently hold. Long term we're good!

I know this thread has been going for 4 years or so and it's fascinating looking back but look as this one from the property bears on the property pin started in 2011 by a very very early bitcoin enthusiast. Plenty of early days threads like that on Bitcointalk but from an Irish perspective this is great and very interesting.

http://www.thepropertypin.com/viewtopic.php?f=19&t=37667

The Irish establishment in particular are very hostile to cryptos as I was saying on another thread on this forum. Let's hope nanny state here doesn't decide to ban bitcoin & the rest.

Squozen

GreeBo wrote: »

Was all that 11K invested on Wednesday or thats the total invested now?

All on Wednesday, mate. :eek:

I was toying with putting some more in now that the price is down but I think I'm better off staying diversified.

GreeBo

Squozen wrote: »

All on Wednesday, mate. :eek:

I was toying with putting some more in now that the price is down but I think I'm better off staying diversified.

You should be back in profit so, Wednesdays price was ~9.8K, its 10.8K now?


/edit
ah, forgot it was an order....what price was it at?

SkySter

Check this out. A bit of light relief after all the weeks excitement.

https://youtu.be/w-77WvjK9Kk

Squozen

GreeBo wrote: »

You should be back in profit so, Wednesdays price was ~9.8K, its 10.8K now?


/edit
ah, forgot it was an order....what price was it at?

I bought into a tracker at €488.55 and it’s sitting at €446.20 right now.

GreeBo

Squozen wrote: »

I bought into a tracker at €488.55 and it’s sitting at €446.20 right now.

Bah!
Get out of this thread you....you....you investor!:pac:

Squozen

GreeBo wrote: »

Bah!
Get out of this thread you....you....you investor!:pac:

I didn’t know how else to do it.

ZeroThreat

Squozen wrote: »

I bought into a tracker at €488.55 and it’s sitting at €446.20 right now.

Brendan Burgess of askaboutmoney would be proud of you.

Squozen

ZeroThreat wrote: »

Brendan Burgess of askaboutmoney would be proud of you.

I just looked him up. Yeah, I was spontaneous when I know I shouldn’t be. Not to worry though, I think I’ll eke out a small profit.

Thargor

Back through 11k and on its way to 15 without too much effort probably, easiest money you'll ever make

Squozen

Thargor wrote: »

Back through 11k and on its way to 15 without too much effort probably, easiest money you'll ever make

I hope so. Saving for a house on a single income isn’t easy.

brendanwalsh

Ready for lift off boys.

Thargor

Squozen wrote: »

I hope so. Saving for a house on a single income isn’t easy.

Ah Jaysus dont put your house money on the line especially if you have dependants...

crushproof

Squozen wrote: »

Thargor wrote: »

Back through 11k and on its way to 15 without too much effort probably, easiest money you'll ever make

I hope so. Saving for a house on a single income isn’t easy.

I hope you're joking. Terrible idea to be throwing savings at crypto, or any investment for that matter.

ZeroThreat

crushproof wrote: »

I hope you're joking. Terrible idea to be throwing savings at crypto, or any investment for that matter.

Any investment? What exactly are you going to invest with, if not savings?

Or did you just mean to say don't invest what you can't afford to lose?

Squozen

crushproof wrote: »

I hope you're joking. Terrible idea to be throwing savings at crypto, or any investment for that matter.

Yeah, I figured that out.

Edit: all bitcoin sold at a small profit.