Is anyone else starting to become a bit excited?

Grumpypants

stockshares wrote: »

Do people recommend selling and buying back in later.

Not now, I recomend buying now and selling later.

banie01

stockshares wrote: »

Do people recommend selling and buying back in later.

If you are smart enough to catch a falling knife, in a falling market?
Yes.

If you don't have the luck of a leprechaun and the TA skills of Bobby Axelrod

NO!

It's far, far harder than it appears.

There is also a huge inflationary risk on the horizon in that every Central Bank will be ramping up interventions, interest rate cuts and QE.

Is crypto a hedge against that, in the way that Gold and Bonds are traditionally thought of?

I suppose we are at ground zero to find out!

stockshares

banie01 wrote: »

If you are smart enough to catch a falling knife, in a falling market?
Yes.

If you don't have the luck of a leprechaun and the TA skills of Bobby Axelrod

NO!

It's far, far harder than it appears.

There is also a huge inflationary risk on the horizon in that every Central Bank will be ramping up interventions, interest rate cuts and QE.

Is crypto a hedge against that, in the way that Gold and Bonds are traditionally thought of?

I suppose we are at ground zero to find out!

Thanks for your help. It's hard to know what to do given the current outbreak and the stock market crashing.

stockshares

Grumpypants wrote: »

Not now, I recomend buying now and selling later.

I was thinking of that also but what if it completely tanks. Anything could happen due to current pandemic.

q85dw7osi4lebg

stockshares wrote: »

I was thinking of that also but what if it completely tanks. Anything could happen due to current pandemic.

I'm buying.

q85dw7osi4lebg

Gap at $7685 filled. No more gaps below us.

stockshares

Addison Fancy Macrame wrote: »

I'm buying.

I just read Buffets old advice to traders
"Be fearful when others are greedy and be greedy when others are fearful"

cnocbui

stockshares wrote: »

I just read Buffets old advice to traders
"Be fearful when others are greedy and be greedy when others are fearful"

My opinion, 're equities, is that people are nowhere near a fearful as they will be in a couple of weeks time. Sit it out.

Dohnjoe

stockshares wrote: »

I just read Buffets old advice to traders
"Be fearful when others are greedy and be greedy when others are fearful"

Yeah but within reason. People bought crypto when there was blood on the streets in 2018 and some are down a further 90% on that.

He's also referring to traditional financial assets which, regardless of value, have a regulated and legal future. Crypto is not so certain in that regard at all so the same advice doesn't apply so well

unkel

Addison Fancy Macrame wrote: »

I'm buying.

You're buying every week no matter what the value is :pac:

I thought I bought the dip in some ordinary shares last Monday after the pretty dramatic fall during the week before. Except it wasn't the dip yet

Lex Luthor

Bitcoin basically doing what it did prior to previous halvings

CME gap filled

Looking forward to a bounce from here tomorrow probably but some volatility in March until the gates open

XRP getting hammered at the moment , they will have their day but not now

I picked up some BTC this morning around the €7k mark
Could have got it a bit less but in grand scheme of things it’s not bad

Dohnjoe

To get a bit of context

https://www.coindesk.com/bitcoins-sharp-price-drop-may-have-been-prompted-by-100m-scam-selloff

A bit like ICO's panic selling Eth late 2018, we may have scammers dumping a lot of BTC. Which can be looked at both ways.

However in actual scary news, my bank (part of a major group) has stopped doing business with quite a few fiat crypto on-ramps. The reasoning is that these (fiat crypto exchange) accounts have been identified as a key loss of customer funds via fraud, aka fraudsters are emptying bank accounts via crypto exchanges rather than to other bank accounts.

q85dw7osi4lebg

unkel wrote: »

You're buying every week no matter what the value is :pac:

I thought I bought the dip in some ordinary shares last Monday after the pretty dramatic fall during the week before. Except it wasn't the dip yet

Can’t get enough of the stuff.

Lex Luthor

Once bitcoin hits the $14k mark, mass fomo will take over

maninasia

Lex Luthor wrote: »

Once bitcoin hits the $14k mark, mass fomo will take over

That's not something you need to worry about for a while. I continue to accumulate ethereum which is far more interesting.

themossinator

Addison Fancy Macrame wrote: »

Bitcoin has outperformed equities for 9/10 years, uncorrelated.

and? what's it doing at the moment? safe havens are bonds and vix, not btc lol

q85dw7osi4lebg

Pomp had PlanB on today's Off The Chain podcast, after the first 3 minutes of ads it's excellent, great to hear the BTC S2F theory from the main man himself.

q85dw7osi4lebg

Guess who's buying the dip

jimmii

Addison Fancy Macrame wrote: »

Guess who's buying the dip

All of us? First time in a while I've topped up. If nothing else it's very interesting to see what happens definitely a time to learn a lot.

JJJJNR

Nope! Needs to retest last low which was 2900 dollars iirc, eth 80 etc.. interesting times.

q85dw7osi4lebg

BTC holding up a lot better than the alts which is a great sign. I see the link shillers have gone quiet on Twitter.

We could be in for a tough few months here but I'm comforted knowing if the same money was in shares I'd be little to no better off.

jimmii

JJJJNR wrote: »

Nope! Needs to retest last low which was 2900 dollars iirc, eth 80 etc.. interesting times.

2900 :eek:

jimmii

Wowzer that was a bit of a drop <$6500 now.

themossinator

buy the dip lol

Thargor

Jesus total wipeout, knew I should have sold that ETH bump last week, when BTC didn't move with it it was guaranteed to come back down.

jimmii

When buying the dip turns out to be that bit where it's just a slight slope just before the edge if the cliff!

Lex Luthor

je$u$
That was like lightning all my limit orders were filled in 1sec

JJJJNR

now would be a perfect time for Facebook to launch libra..

stevedublin

JJJJNR wrote: »

now would be a perfect time for Facebook to launch libra..

isn't it already launched, or am i missing a joke...?

Bob24

Ouch ... so much for bitcoin as a safe haven!

JohnnyFlash

If it’s any consolation, dudes, I lost my bollocks backing horses in Cheltenham yesterday.

JJJJNR

It's all about the frenz you make johnny.

jimmii

stevedublin wrote: »

isn't it already launched, or am i missing a joke...?

Think you might have missed a lot! Everyone got cold feet and ditched it in October. Facebook say they still plan to launch it but seems less likely all the time.

jimmii

So tempting to dip in again every time it drops 500!

q85dw7osi4lebg

Hodlers of last resort

themossinator

jimmii wrote: »

So tempting to dip in again every time it drops 500!

why not just wait for it to bottom

jimmii

themossinator wrote: »

why not just wait for it to bottom

If you could let us all know just before that happens that would be awesome!

jimmii

Addison Fancy Macrame wrote: »

Hodlers of last resort

UNITED WE STAND!

Lex Luthor

Anyone know how to query a transaction?

I've got some crypto that was sent from Ledger Nano about 2hrs ago to Kraken
Kraken is showing a status of Confirming and the status is 5 confirmations

When I click on the Ledger Nano transaction it says Status Confirmed (4), so I guess its waiting on 1 more but it was nearly 2hrs ago I initiated it and have never experienced it taking this long

Lex Luthor

just came across this on Krakens site

How long do confirmations take?

Each block is found at a different rate depending on the blockchain.

For example, on the Bitcoin blockchain, a block is mined on average every 10 minutes, and Kraken only credits Bitcoin deposits to a client’s account after 6 confirmations, which takes approximately 60 minutes.

However, sometimes it can take Bitcoin miners 30 or even 60 minutes to mine a single block (1 confirmation). This is outside of Kraken's control.

JohnnyFlash

Lex Luthor wrote: »

Anyone know how to query a transaction?

I've got some crypto that was sent from Ledger Nano about 2hrs ago to Kraken
Kraken is showing a status of Confirming and the status is 5 confirmations

When I click on the Ledger Nano transaction it says Status Confirmed (4), so I guess its waiting on 1 more but it was nearly 2hrs ago I initiated it and have never experienced it taking this long

Ethereum is it? The network has pretty much ground to a halt with all the transactions.

Lex Luthor

JohnnyFlash wrote: »

Ethereum is it? The network has pretty much ground to a halt with all the transactions.

BTC

just as I typed it was deposited, must have heard me complaining :rolleyes:

thunderdog

Incredible sell off. Sold the majority of my crypto’s a few weeks as I need the cash for something. I wasn’t expecting this much of a drop so quickly. I can see this plunging crypto’s into a longterm bear market (again). Doubtful the bitcoin halvening will make much of a difference now

Lex Luthor

thunderdog wrote: »

Doubtful the bitcoin halvening will make much of a difference now

We just had the halvening this morning :rolleyes:

makeorbrake

Lex Luthor wrote: »

We just had the halvening this morning :rolleyes:

august12

I think we need to change the title of this thread.

'Is anyone else starting to become a bit nervous?'

Bob24

august12 wrote: »

I think we need to change the title of this thread.

'Is anyone else starting to become a bit nervous?'

Well we do have the "worried" thread :-)

https://www.boards.ie/vbulletin/showthread.php?t=2057835985

august12

Bob24 wrote: »

Well we do have the "worried" thread :-)

https://www.boards.ie/vbulletin/showthread.php?t=2057835985

Well, thank you so much for directing me here,

Edit, I've just checked that thread, it's been 6 days since someone posted, hope all ok there.

Arrival

When you've grown so indifferent with the dips and crashes crypto can have that you kind of laugh at your portfolio going way down. But I suppose the shock from the overall situation with the virus is playing a part in that reaction too. €5,000 Bitcoin again, absolutely nuts. Haven't bought more yet but will have to consider it depending on where it moves from here; surely won't be rocketing back up anytime soon, especially since the economy is going to be rocked now, COVID-19 is only starting basically and countries are only beginning to go into shutdown. Can imagine a lot of people, especially those who invested more than they can afford to lose, are weighing up selling their holdings in order to ensure they've the cash to keep going through these next few months

Dohnjoe

That drop is severe. Drops after an insane bull are understandable, but 30% in 24 hours two years into a bear is one of the biggest I've seen in the last 6 years. Has completely shattered any notions of crypto being a hedge against economic downturns. The excuses are already being spun though.