Is anyone else starting to become a bit excited?

seannash

dotsman wrote: »

For people on boards?

I hate when prices are quoted in dollars and not explicitly stated. If this was an American or even a global forum, I could understand. But the people on this forum are (predominantly) in Ireland. We use the euro. We put euro in to crypto and we take euro out.

Not sure why some people can't understand that...

I get you dont like it being quoted on USD but for practically everyone in Europe they quote the prices in USD

Calibos

Rob2D wrote: »

Just me so I don't answer to anyone! :pac: Nor would I even if I had a gf.

Your money is your own, do what you want with it. If she doesn't like then she knows where the door is. We'll all be able to afford the finest Ukrainian brides when this is over!

Jaysus, I’m all excited because my ‘Spare no expense Dream PC’ (which mining will help pay for) is being delivered today and now this morning I’m thinking that perhaps there was a better place I could have ‘invested’ that 5 grand! LOL

BrandonBay86

Graham wrote: »

Looks like 53.2k, 53.3k support is holding just like the last couple of drops.

So far........

We wicked below support but have produced a higher low.

Graham

and back around the same level now

antimatterx

Going to buy some more myself. Ethereum is my preference rn just because of growth potential. It should 4-5 x this year

Rob2D

antimatterx wrote: »

Going to buy some more myself. Ethereum is my preference rn just because of growth potential. It should 4-5 x this year

I agree. ETH the best safe choice for the rest of the year IMO.

Think I'll give it another day before I start buying things again. Just to be sure. Alt season gonna be good though!

BrandonBay86

I finally finish up in my FIAT job tomorrow. A few months built up holiday pay going straight into BTC.

Rob2D

BrandonBay86 wrote: »

I finally finish up in my FIAT job tomorrow. A few months built up holiday pay going straight into BTC.

You are the true winner here sir!

Calibos

Rob2D wrote: »

I agree. ETH the best safe choice for the rest of the year IMO.

Think I'll give it another day before I start buying things again. Just to be sure. Alt season gonna be good though!

Starting over with a 10 grand stake again or are you going to put some of your gains from the last 3 months back in?

Unearthly

BrandonBay86 wrote: »

I finally finish up in my FIAT job tomorrow. A few months built up holiday pay going straight into BTC.

Congrats

Rob2D

Calibos wrote: »

Starting over with a 10 grand stake again or are you going to put some of your gains from the last 3 months back in?

No, 100K stake this time. Why not try 10x that again?

I'm not f***ing around here.

Calibos

Rob2D wrote: »

No, 100K stake this time. Why not try 10x that again?

I'm not f***ing around here.

[BeastMode=ON]

BrandonBay86

Rob2D wrote: »

You are the true winner here sir!

We all will be soon!

BrandonBay86

Unearthly wrote: »

Congrats

Thanks. Hopefully we don’t crash 90% from here or I’ll be back knocking on the door

Unearthly

BrandonBay86 wrote: »

We all will be soon!

Great example of dca even during a bear market and holding. Reaping the rewards.

Bit behind you but that's my goal to

dotsman

seannash wrote: »

I get you dont like it being quoted on USD but for practically everyone in Europe they quote the prices in USD

But - who is "they"? I transfer euro between my bank account and kraken. I purchase a x amount of crypto for y euro on kraken (where all prices are quoted in euro). It just seems like an unnecessary extra, confusing step that adds no benefit.

If/when reading an article/thread for american/international audience, I get why it is USD. But I think in euro, I talk to people in euro, I deal in euro and, in the end, all I really care about is how many euro my crypto is worth when I cash in, as does pretty much everybody in this thread!

Here in the Business & Finance forum, pretty much every other thread is in euro currency, whereas, under crypto, we have this mishmash of fiat currencies. I'm not saying people shouldn't quote in USD values if that is what they want - my issue is that they often do so without explicitly stating USD or even prefixing with a "$", so it can lead to confusion.

Put it another way, we do (generally) make it clear in this thread what "crypto" currency we are referring to. If I was to post saying "Having trebled in value, I just sold 37 coins", people would understandably be confused as to whether I am now in lambo-heaven having sold 37 bitcoins, or whether I will struggle to buy a breakfast roll, 'cos I just sold 37 doge coins.

Graham

Oh hello BTC.

Where are you off to?

weemcd

ETH All Time High

Alts about to bust

cnocbui

Usually when BTC retraces, BCH does also, if not by even more. Not this time, it hasn't budged and has actually advanced as BTC went backward.

HGVRHKYY

Rob2D wrote: »

No just holding. Been doing a little trading in the last week since everything has been kinda sideways. Which is what I SHOULD have been doing all along. I'd have so much more now if I hadn't eaten those two or three big dips so far this year. Best thing I did was learn to save myself from the drop.

-Keep everything on the exchange ready to move
-STOP STAKING. Absolute waste of time. What's the point of earning 20 quid a week if the price drops by 100's???

My approach to risk is DYOR. This year good projects will do well so know which ones. At then end of the day there's not much risk involved at all. ADA isn't going to get rug pulled like. (although that would be hilarious)

The real risk is not going in hard on this stuff and going back to working for the rest of your life.

Same mindset I have, been investing since 2017. Fair enough some people are cautious and risk averse, especially older people with families and responsibilities to look after, but if you're young you should be taking advantage of this really rare opportunity - it might not feel like it but we're still fairly early into crypto. And if it all went to **** in the morning, we could just go back to saving like normal.

Ireland has become an extortionate country to live in, we are taxed like **** on every possible thing and our investments are even gouged - one of the harshest rates in the world - so I feel like cryptos are even giving people the opportunity to get themselves to important milestones in life earlier, such as getting on the property ladder, where they wouldn't have been able to for a long time otherwise. Have to laugh at people like some on r/Ireland who still talk **** about crypto, people who still dismiss the massive money making opportunity crypto is giving

Dohnjoe

BTC just went under 50% market dominance, but we've already had an "alt run", no idea what happens next, weird territory.

BrandonBay86

Unearthly wrote: »

Great example of dca even during a bear market and holding. Reaping the rewards.

Bit behind you but that's my goal to

That’s all I did. Bit of my salary every week. I only earned the average annual wage the last 3/4 years so if history rhymes then there’s freedom on the cards for a lot of people.

Rob2D

cnocbui wrote: »

Usually when BTC retraces, BCH does also, if not by even more. Not this time, it hasn't budged and has actually advanced as BTC went backward.

BCH is incredibly undervalued.

-Same supply as BTC
-Instant transactions
-Less than $0.01 fees
-8000+ retail merchants accept it (more than any other crypto)
-100K+ online merchants accept it
-12M wallet downloads, Grayscale Trust, Paypal, Bitpay
-DOUBLE the daily transactions of BTC

I think BCH is going to melt the faces off people someday.

Of all the things I've messed with this year, BCH was the easiest to use. A pleasure.

HGVRHKYY

BrandonBay86 wrote: »

I finally finish up in my FIAT job tomorrow. A few months built up holiday pay going straight into BTC.

You off to Portugal in 2022 then? Live there for most of 2022, 2023 and 2024 and you'd be in good time for the 2024/2025 halving then

Rob2D

Dohnjoe wrote: »

BTC just went under 50% market dominance, but we've already had an "alt run", no idea what happens next, weird territory.

I don't think we've seen alt season yet.............

HGVRHKYY wrote: »

some on r/Ireland who still talk **** about crypto, people who still dismiss the massive money making opportunity crypto is giving

Yup. Back in Jan before I started, my mates told me I was stupid to get into it. "Gambling" they said. Good thing I don't listen to anyone and always do my own thing.

I haven't told them yet how I'm doing. When it's all done my plan is to buy a house and then invite them all over :pac::pac::pac:

Unearthly

Go on my son Eth :pac:

dirk_dangler

massdebater wrote: »

Those sh1tcoins all outperformed LINK and ROSE since the start of the year
I'm sure you've done your research but your style of bashing all other coins while pumping your own is offputting. Have you been burnt by these in the past?

The faster a coin goes up the faster it will dump, leaving you holding heavy bags.
Fortunately i only got burned for a few hundred euro years ago with shīt coins.
I am not new to these **** coins that new users here are pumping there money into, if you have made money with ADA or XRP, well done, now dont be left holding the bag when these inevitably dump , make no doubt about it they will dump.
Who is building on Cardano?
Ripple does not require XRP to use their services, Token not needed.

Calibos

Rob2D wrote: »

I don't think we've seen alt season yet.............



Yup. Back in Jan before I started, my mates told me I was stupid to get into it. "Gambling" they said. Good thing I don't listen to anyone and always do my own thing.

I haven't told them yet how I'm doing. When it's all done my plan is to buy a house and then invite them all over :pac::pac::pac:

“Congrats Rob! How much are your mortgage repayments on this palace mate?”

“What repayments lad? Bought this outright with Crypto profits mothaf**ka’s!!!”

HGVRHKYY

Dohnjoe wrote: »

BTC just went under 50% market dominance, but we've already had an "alt run", no idea what happens next, weird territory.

The fact ETH has held well above $2k as BTC dropped well below $60k is fairly surprising for sure, and ETHs just passed ATH as well. Wonder how the weekend will go

Rob2D

Rob2D wrote: »

I don't think we've seen alt season yet.............



Yup. Back in Jan before I started, my mates told me I was stupid to get into it. "Gambling" they said. Good thing I don't listen to anyone and always do my own thing.

I haven't told them yet how I'm doing. When it's all done my plan is to buy a house and then invite them all over :pac::pac::pac:

HGVRHKYY

Calibos wrote: »

“Congrats Rob! How much are your mortgage repayments on this palace mate?”

“What repayments lad? Bought this outright with Crypto profits mothaf**ka’s!!!”

As tempting as it is to rub it in people's faces who talked **** and put the idea down, it's better to not gloat or even discuss it in detail at all. Making loads of money and knowing they're likely coping with the regret and realisation that it was their choice that led to them missing out is good enough

Nothing worse than arrogant ignorance though, some no coiners are so weird, they're so against it all it's like it's a personal insult to them

dirk_dangler

cnocbui wrote: »

Chainlink is up 126% in the last 90 days. Dogecoin is up 1,953%. Congrats on being an also ran.

Umaro wrote: »

My uncle recommended LINK to me back in Feb and I bought €1,000 worth... +60% since I bought it.

I'm not going to go full Dirk just yet, but this is some good stuff.

Chase a shít coin pump, and go to sleep worrying if it will dump and leave you holding a heavy bag when you wake up.
Invest in the correct projects and sleep like a baby each and every night, if it dips, no big deal, it will be back to break its ATH.
Just pull out on the charts and look at the long term trend, and know you are going to make it, unlike those with **** coins hoping they have not bought the top.

Calibos

HGVRHKYY wrote: »

As tempting as it is to rub it in people's faces who talked **** and put the idea down, it's better to not gloat or even discuss it in detail at all. Making loads of money and knowing they're likely coping with the regret and realisation that it was their choice that led to them missing out is good enough

I console myself about not buying bitcoin in 2011 when I first heard about it, with the fact that I’d feel a metric ****tonne more regret had I bought 100 bitcoin for €100.....and spent it at Dominos and missed out on a 5 million payday had I held....than the small regret I feel never buying in at all.

Dohnjoe

Rob2D wrote: »

Yup. Back in Jan before I started, my mates told me I was stupid to get into it. "Gambling" they said. Good thing I don't listen to anyone and always do my own thing.

This is because you've had all upside and no downside. Congrats on the gains, it's been amazing, but this last run has been so insane and so long it's been difficult for anyone investing in that period not to make money, keep in mind the bottom could drop out of this whole thing, and there are no guarantees there will be another run.

People who bought at end 2013 had to wait at least three painful years just to break even, likewise those who bought end 2017/early 2018 watched it go -90% to -99% in the next year, many who bought purely alts are still down.

The sentiment changes very fast in this market, we are always just a few days away from a full on bear market

dirk_dangler

Mr Rhode Island Red wrote: »

Ok I'm gone out of DOGE, the magic 40 or 50 cents doesn't appear to be happening and the Americans are well awake by this stage. Sold at a 35% profit which I know is pitiful compared to some of the gains reported over the last week but is a result of my own FOMO and greed. Still glad I held however since it was able to tank the brunt of the dip over the weekend.


So I want to move into staking something. Kraken offers the following:
DOT @ 12% APY

Kusama @ 12% APY
Kava @ 4.5% APY
ATOM @ 7% APY
Tezos @ 5.5% APY
Flow @ 9% APY


I'm leaning towards Tezos or ATOM, particularly Tezos since they recently launched their marketing campaign and it might make for a 3x by EOY. The rewards for DOT and KSM seem good but the inflation of their respective coins means the rewards are a good bit less in reality, probably closer to 2 or 3%.



Is that APY for Tezos decent? Would it be one of the better choices out of the options listed?



Ethereum is also offered but there are wait times associated with staking and unstaking which I would like to avoid.

Read up on DOT parachain auctions
Should pump the price a lot
Look at KSM price history for a guide, same auction at work

dirk_dangler

Rob2D wrote: »

Chiliz today maybe???

FC Barcelona fan token launching on Binance this morning. Can currently get it only with CHZ. That's what the buzz around CHZ is.

With the ESL totally rejected by the fans, maybe a boycott of football merchandise is on the cards to hurt the club owners, could this effect CHZ?

BrandonBay86

HGVRHKYY wrote: »

You off to Portugal in 2022 then? Live there for most of 2022, 2023 and 2024 and you'd be in good time for the 2024/2025 halving then

The wheels are in motion but nothing finalised yet.

HGVRHKYY

Dohnjoe wrote: »

This is because you've had all upside and no downside. Congrats on the gains, it's been amazing, but this last run has been so insane and so long it's been difficult for anyone investing in that period not to make money, keep in mind the bottom could drop out of this whole thing, and there are no guarantees there will be another run.

People who bought at end 2013 had to wait at least three painful years just to break even, likewise those who bought end 2017/early 2018 watched it go -90% to -99% in the next year, many who bought purely alts are still down.

The sentiment changes very fast in this market, we are always just a few days away from a full on bear market

Can confirm

Still believe there's plenty more to go in this bull run though, we're still not even 12 months after the last halving, and historically the bull runs are 12-18 months post halving. Will be interesting to see if there's a double top how people will react, where we have a sizable crash and stay bearish for a few months, and then return to parabolic growth

I like looking at ecoinometrics halving comparison graph to get an idea of how far in we are compared to the previous cycles. This isn't a price model or prediction method by the way, it's purely for context

dirk_dangler

dotsman wrote: »

But - who is "they"? I transfer euro between my bank account and kraken. I purchase a x amount of crypto for y euro on kraken (where all prices are quoted in euro). It just seems like an unnecessary extra, confusing step that adds no benefit.

If/when reading an article/thread for american/international audience, I get why it is USD. But I think in euro, I talk to people in euro, I deal in euro and, in the end, all I really care about is how many euro my crypto is worth when I cash in, as does pretty much everybody in this thread!

Here in the Business & Finance forum, pretty much every other thread is in euro currency, whereas, under crypto, we have this mishmash of fiat currencies. I'm not saying people shouldn't quote in USD values if that is what they want - my issue is that they often do so without explicitly stating USD or even prefixing with a "$", so it can lead to confusion.

Put it another way, we do (generally) make it clear in this thread what "crypto" currency we are referring to. If I was to post saying "Having trebled in value, I just sold 37 coins", people would understandably be confused as to whether I am now in lambo-heaven having sold 37 bitcoins, or whether I will struggle to buy a breakfast roll, 'cos I just sold 37 doge coins.

Support lines , Break outs and ATH are judged in dollars.
Dont set your sell/buy order in euros, the dollar is what is the standard.
You will see BTC or what ever your holding bounce of a value in dollars, BTC bounced of the $53k line today, thats where buy order where set, think in Euros and you will make errors

Dohnjoe

HGVRHKYY wrote: »

Can confirm

Still believe there's plenty more to go in this bull run though, we're still not even 12 months after the last halving, and historically the bull runs are 12-18 months post halving. Will be interesting to see if there's a double top how people will react, where we have a sizable crash and stay bearish for a few months, and then return to parabolic growth

I like looking at ecoinometrics halving comparison graph to get an idea of how far in we are compared to the previous cycles. This isn't a price model or prediction method by the way, it's purely for context

Yeah, putting these "3 and a half year waves" aside, crypto always does something unexpected, even this bull run is quite different from the others

There could be a sharp dip into bear, we could have a slow bear (mirroring this bull) we could stay even and then have a 2017 style insanity run followed by god knows what, I really have no idea

In the last 8 years of following this the two strangest things for me have to be the 40% drop last March and the strength and duration of this bull run.

Rob2D

Dohnjoe wrote: »

In the last 8 years of following this the two strangest things for me have to be the 40% drop last March

Well everything went to s**t that time. Nothing strange about Covid. Wish I'd been paying more attention back then.

Dohnjoe wrote: »

This is because you've had all upside and no downside. the bottom could drop out of this whole thing. we are always just a few days away from a full on bear market

That's what stop losses are for! I'm going to have the stingiest, meanest stop losses you've ever seen. These gains are mine and nonbody is taking them! :pac:

HGVRHKYY

Dohnjoe wrote: »

Yeah, putting these "3 and a half year waves" aside, crypto always does something unexpected, even this bull run is quite different from the others

There could be a sharp dip into bear, we could have a slow bear (mirroring this bull) we could stay even and then have a 2017 style insanity run followed by god knows what, I really have no idea

In the last 8 years of following this the two strangest things for me have to be the 40% drop last March and the strength and duration of this bull run.

How early this bull run started as well was really surprising, we skirted around $10k for months after recovering from last March and by Oct/Nov were decisively over $15k. Sentiment was still generally pessimistic after 2019, when it crashed from $11/12k, but then we were at $20k around December and wondering if we'd finally go past the 2018 ATH, and it's been basically upwards since then. But I definitely remember so many people speculating at $15k that we 'definitely' wouldn't get near or pass $20k until Feb/Mar, and look how that went, it's nuts. Personally, last year I didn't expect much at all until Mar/Apr, so even though I knew a bull run was coming, the timing completely blindsided me

No 2 cycles are the same as they say, always some surprises

Graham

dirk_dangler wrote: »

Chase a shít coin pump, and go to sleep worrying if it will dump and leave you holding a heavy bag when you wake up.

Not if you've sold it at 20x

Sitting with it in your bag forever isn't the only option.

Thargor

ETH setting ATH while BTC is down? Never seen that before.

flexcon

Graham wrote: »

Not if you've sold it at 20x

Sitting with it in your bag forever isn't the only option.

Im about to meet up with a Buddy here who I told NOT in invest in DOGE at 8c.
He was full of Elon this and Elon that, and how it's only 8c and Bitcoin is at like 50K. Totally no idea what he was doing, just came for advice

I tried my best. DON'T FOMO in.

He was brand new to crypto. Totally in over his head.

Bought 10K at that price and sold at 38C. Brand new Kitchen for him

So yeah. It's a wild game.

Rob2D

flexcon wrote: »

Im about to meet up with a Buddy here who I told NOT in invest in DOGE at 8c.
He was full of Elon this and Elon that, and how it's only 8c and Bitcoin is at like 50K. Totally no idea what he was doing, just came for advice

I tried my best. DON'T FOMO in.

He was brand new to crypto. Totally in over his head.

Bought 10K at that price and sold at 38C. Brand new Kitchen for him

So yeah. It's a wild game.

So he did the right thing in the end, he was lucky.

But don't forget you did as well. Nothing wrong with looking out for friends.

Jafin

flexcon wrote: »

Im about to meet up with a Buddy here who I told NOT in invest in DOGE at 8c.
He was full of Elon this and Elon that, and how it's only 8c and Bitcoin is at like 50K. Totally no idea what he was doing, just came for advice

I tried my best. DON'T FOMO in.

He was brand new to crypto. Totally in over his head.

Bought 10K at that price and sold at 38C. Brand new Kitchen for him

So yeah. It's a wild game.

This is basically the reason I don't tell any of my friends I do anything related to crypto at all. I've been lucky and am up 500% in total with all my investments since March 2020 (only small amounts, not even amounting to 5k in total). I'd be afraid they'd come asking me for advice when the reality of the matter is I just lucked into it by starting at a good time rather than studying it all and knowing what I was doing.

But hey, it worked out for your friend in the end. Nobody can accurately predict what's going to happen with all the coins out there.

Also make sure he knows that he'll owe 33% of his profits to CGT near the end of the year.

antimatterx

With CGT, why is it that you pay this year, but file it next year? Would it not make sense to file and pay together.

Timmaay

Jafin wrote: »

This is basically the reason I don't tell any of my friends I do anything related to crypto at all. I've been lucky and am up 500% in total with all my investments since March 2020 (only small amounts, not even amounting to 5k in total). I'd be afraid they'd come asking me for advice when the reality of the matter is I just lucked into it by starting at a good time rather than studying it all and knowing what I was doing.

But hey, it worked out for your friend in the end. Nobody can accurately predict what's going to happen with all the coins out there.

Also make sure he knows that he'll owe 33% of his profits to CGT near the end of the year.

Bit like the saying "Experience is a hard teacher because she gives the test first, the lesson afterward", nobody can really appreciate all these lessons until they have been through it and seen theirown money bleed away, for me at the end of the day its simply about controlling my investing habits, I've been very lucky to be part of this whole crypto bull run, my entry timing was purely down to luck, I also don't tell too many people, unless they are already in the space, and most pure novice's who say anything to me I'm fairly cautious, certainly since Jan when the risk of like a 30 or 50% immediate pullback is alot higher.

HGVRHKYY

flexcon wrote: »

Im about to meet up with a Buddy here who I told NOT in invest in DOGE at 8c.
He was full of Elon this and Elon that, and how it's only 8c and Bitcoin is at like 50K. Totally no idea what he was doing, just came for advice

I tried my best. DON'T FOMO in.

He was brand new to crypto. Totally in over his head.

Bought 10K at that price and sold at 38C. Brand new Kitchen for him

So yeah. It's a wild game.

If he listened to you, there would be resentment towards you; there are plenty of stories of similar happening to lads on reddit. It's really best to not make strong arguments for or against what investments people make with their money, even if they're close friends. Your intentions are of course good, but honestly hands off is the best approach. If they ask for your opinion, give it of course, but do it in a "if it was MY money, what I would do is" way, but ultimately lead it back to it being their decision