Polygon making me money

Not believing Elon didn't know of the "environment impact" when he invested in BTC to start with.

Anyone nervous yet? Buying these dips? As much as I love ETH and the prospect of some of these less popular altcoins, I can't see myself buying anything other than Bitcoin anytime soon. If it drops to the 30's I'm going to sell off some stock and go in balls deep.

:thumb:

Yep, thinking of selling it all- tired of this downward spiral.

The media is pumping out bad news and Crypto can't get any traction.

Stronger nerves than me. I wouldn't personally touch these dips until I know it has hit some sort of stable support... and just my opinion but I don't think that's happening till it has hit between 30 to 40k. So an enormous range. Just not really worth buying any dips yet for me, I might even sell, short, stomach some loss and buy at a way cheaper price but that's only if I get desperate.

I toll you guys. I toll you.

You aint seen nothing yet. We're gonna get into the 20s boys.

Let's ****in GOOOOOO!!!

You definitely did, you called 30s weeks ago. Crazy how everything is going to shit all at once. Crypto, gas prices and supply, lumber, food, stock market...

"If you've invested money you can afford to lose you can decide what risk works best for you. Personally missing out on gains pains me more than seeing my potential gains disappear, so I'm only taking profits when I hit what for me would be life-changing money. If you have some serious plans to invest in bitcoin you should keep in find these few things Don’t invest in a coin unless you understand it inside out. Don’t trade in front of big news events – it’s impossible to predict how markets will react. Always use a crypto bot to stay away from trading stress. Don’t invest in a coin unless you understand it inside out. You can make money trading the momentum and hype in bitcoin, just don’t invest long-term. Good luck.

And 3 days later it's worth $2600. :thumb:

I’ve lost enough money to pay my car loan off in the past 48 hours. Best to just stick it out at this point.

It's a dumpster fire

YIKES!

Wow.

Be patient means different things to different people. For me it means hodl the rest of my crypto until 2024. To most though who just got in recently, they think that means oh lets wait until July, surely it'll be back to $60,000 by then.

What the interesting thing will be is what BTC and ETH stabilize at. It will be low. But the last time BTC stabilized before this pump it was like 9 to 10k.

Crypto follows bitcoin. When bitcoin is doing well. Invest in alts. As soon as you see BTC tipping and scaling back, get the **** out immediately if you are a trader. Bitcoin and Ethereum are the true kings. Watching these alts wither away has been great to see. I was worried BTC would just plummet but alot of alts wouldn't follow suit, but that hasn't occurred so long term we may still be alright. Nonetheless I sold 30% of my crypto after not selling any for like 7 years. That should tell you something

<blockquote class="twitter-tweet"><p lang="es" dir="ltr">Tesla has �� ��</p>&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1395027147161489412?ref_src=twsrc%5Etfw">May 19, 2021</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

So this might explain the recent run up in precious metals, as crypto taking hits.

Firmly believe that a position in metals is prudent. Not ETFS, COMEX is a Ponzi scheme.

If you don’t physically hold your non Fiat wealth.....you should know better.

I’ve made my money, just want to keep as much as I can.

I think our, and the global monetary policy is ripe for a shake up.

Fiat is no more safe than crypto IMO.

Feels like a roller coaster ride with Sybil at the switch

Good for you. But the investing thread related to your post is here: https://chiefsplanet.com/BB/showthread.php?t=300589

If China and India are off the Bitcoin train, the train isn't going where people wanted.

Yep, thanks to Musk and his stupid ****ing tweet- Billions have been wiped out and investors have completely lost faith in Crypto.

I'm out.

It'll come back.

<iframe width="560" height="315" src="https://www.youtube.com/embed/Kx0ICLVvGMA" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

China made a form of the Yuan a digital currency. Good thing Joe Biden is president.... **** me. Good job reeruns! Now go get Israel for getting rockets launched at them!

I don’t think of my BTC in dollar value. I’m not selling it and paying capital gains taxes. I’m holding it since it’s never going away and just going to be the future. You can increase those BTC decimals faster when the dollar value is down. I’ll increase the frequency of my recurring purchases during these types of “40% off sales.”

Do you know how many times bitcoin has been dead? It ALWAYS comes back, and when it does it will bring the rest of crypto back as well. Just gotta be patient.

BTW, Musk knows what he’s doing. He’s keeping the price down so he can accumulate more.

This guy has .0001 of Bitcoin

See you in Shitville, queer.

God I'm starting to feel like lewdog talking to me in the investment thread...

Only weak hands and skeptics have that little. I guess you’re free to assume I’m in one of those groups. :p

LOL @ Elon shaking out the weak hands

I'm sure the fact that China controls over 50% of the Bitcoin in the world combined with the fact that the Chinese government banned (state owned) banks from using Bitcoin has nothing to do with the outflows of money in Bitcoin (an illiquid market) the past 24 hours.

Let’s compare average rates of return the last 4 years. I’ll do it again 4 years from now, too.

Hi Hootie

You are so super smart. I bet you are worth 10’s of dollars.

It's getting tough to keep up with all the bullshit.

It looks like it dipped below 32K today. Charting a typical support guess with a Musk and Commie factor seems impossible. If they drive this into the 25-27k range I might do something stupid.

Dipped under 30k at one point

Whales scooped that up from new buyers trying to make a quick buck.

Glad I sold all my crypto the other day. I'll just sit on cash until it looks like it will rebound. It was only a few thousand anyway.

I see that now. My 25-27k figure might need a bigger Commie factor.

Rarely buy. Bought today

:clap:

Going to wait a couple days and see if it starts to consolidate and hold where it's at. If so... time to buy and prepare for a possible bull run

Bezos' yacht, I assume?

Bitcoin back over 40 and climbing

:eek::eek:

That cannot be unseen! Creepy as ****!

Did you acquire what you have mostly through mining? :hmmm:

I think Polkadot and Kusama are good buys right now. Their parachains are just starting up.

hey, how do you keep track of your basis?

Without updating my excel spreadsheet, it's getting harder and harder to determine my average acquisition price.

Bought a lot of ADA during the past 48 at different prices as it kept dropping and now need to compute average purchase price combining with prior holding.

Never mined, got in too late to be profitable.

Watch this shit... vid will start at the fun part.


fixed:
<iframe width="560" height="315" src="https://www.youtube.com/embed/0uB1SCjaMhc" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

If this started at the fun part I shudder at the thought of what the unfun part must include.

Got in heavy on SHIBA during the dip. That will be my last buy for quite some time.

I mean... it's really nerdy stuff, not not as "fun" as riding the Orient Express at WOF... but it's very interesting. =)


EDIT: Wow, I just realized I didn't link the video at the correct timestamp.


Anyway, I fixed it.

Basically an email went out from Anonymous on 05-18-21 that stated:


Anyway, So far it's happening... we will see about 70k...

Every Portfolio Should Have 6% Bitcoin: Yale Study

Even those who are strong bitcoin skeptics should maintain at least 4% BTC allocation, said the study. The study indicates that even the staunchest opponents of the cryptocurrency world are best off investing 1% of their assets in this space, if only for diversification purposes.

https://www.investopedia.com/news/ev...in-yale-study/

Okay those details are actually kinda fun. I'm not demanding amusement park rides. :)

70 was always going to happen. s2f demands it.

I wonder who the individual is they are trying to liquidate?

Well, it's damn sure not me and my .00000154 of BTC that they are salivating over. Anyone who has paid attention to anything related to BTC over the last couple months can safely assume it's Musk.

Does anyone know of a crypto calculator that figures up your average buy-in or break even price? Say I made 5 different purchases, all different amounts and all when Bitcoin was at different prices. For example:

1000 when it was at 52k
500 when it was at 48k
1000 when it was at 45k
3500 when it was at 38k

My brain is starting to hurt trying to figure out the best formula to calculate this and for some reason I cant find a calculator that will do it for me.

You dollar cost average is $42,333/bitcoin.

If you can't figure this shit out, you should let someone else manage your money.

**** off.

You **** off, asshole. It's grade school math.

Why did you, and nobody else, feel the need to belittle him over it? Do you feel superior or something?

My brain doesn't do number averaging very well, I can figure shit out eventually but it takes me a while to figure out the correct formulas. It's not required in my line of work that I've been in for 20+ years and school was a long time ago. Thanks for your help though.

Thanks, that's exactly what I was looking for.

I *can* figure it out, and I let someone else manage my money. :shrug:

Why do you have someone else managing your money? Are you stupid or something?

Makes sense though since you can't even manage your own weight.

I don't need to micromanage my money.

Not sure why you think I'm fat.

Who said micromanage other than you?

I'm sure you are an Adonis, so my apologies for that one and my overall point is don't make fun of reeruns. You know better.

If you are making every decision about every financial transaction, you are, by definition, micromanaging your money. I don't need to do that.

I have no debt; everything is paid for; I live comfortably--as long as the person managing my money keeps making money rather than losing it, why should I change things? Can I do it? Sure. Do I want to? Nope. Too many other things in life to focus on rather than money.

If someone doesn't have a basic skill in an area, it probably in their best interest to have someone with more knowledge about that subject do the task for you. I'm not good at fixing cars. Because I'm not good at fixing cars, I let someone else do maintenance on my car.

I never called anyone the R-word. I never called anyone stupid. Those are *your* words. You just took offense and jumped to conclusions.

I assume you think I'm fat because of my user name? Do you also think I have sideburns and wear jumpsuits?

Wat up my ****as

I think I'm doing very well managing my own money, I proved it earlier in this thread. You dont need to remember averaging cost formulas off the top of your head to be good with money.

Welcome back Hoots

Seems to have gotten a little testy in here, so I hate to mention that this isn’t really correct. Put it in a spreadsheet yourself and you’ll see that at this price his investment is still positive about $95. The problem is you are taking the weighted average of the amount invested and the share/coin price. What you need to do is take the weighted average of the number of shares/coins and share/coin price. The real answer is roughly $41,674.

:LOL:

Plug it into your spreadsheet that you linked. It says that I am right.

edit: My mistake...it was eDave that posted the link and not you.