Cryptocurrency

[Whorty]

Funny looking back at all your calls, to the moon. Also funny when challenged, you only ever make "a small loss" on the 95% you get wrong, and make "six figure profits" on the 5% you get right.

What a hero you are.

Funny how he never answers points regarding specific posts when he's wrong, preferring to deflect and pretend he made money somewhere else.

Looking at those old posts he's claiming to be on the way to be making hundreds of thousands, and yet he gets all gung-ho about a few grand made over 3 1/2 month on Centrica

[scooterscot]

Whether be a penny or pound, it's a win. Investing rule 101, sell high, buy low.

[DimPrawn]

Whether be a penny or pound, it's a win. Investing rule 101, sell high, buy low.

Risk reward?

I put £100K into an investment with no idea about stop losses or exit plan if the trade goes against me. Six months, I'm £50K down, and then the price recovers and I make £10 profit.

I risked £100K for 6 months with 50% open drawdown to make £10.

In your child like mind, that would make you a winner.

[AtW]

The is where you make critical mistake - you are not actually down if you don’t sell - so the real question is how much richer you’ll become and when.

And if you use 3x leverage you’ll only make 100 euro loss, ever.

[scooterscot]

Awesome isn't it? Never to need to pay taxes of these losses either.

[AtW]

Awesome isn't it? Never to need to pay taxes of these losses either.

And certainly no taxes due on profits.

[SunnyInHades]

March 16, 2020
$4,974/bitcoin

March 19, 2020
$5,863/bitcoin
"You'all had yer chance.... yeh be warned, now we have lift off", scootscot, this forum, page 789

August 1, 2020
$11,615/bitcoin
"Bitcoin Hits $11.6K for First Time in a Year as Traders Expect $15K
The lackluster amount of liquidations in the futures market suggests that it is likely the spot and options market catalyzing the rally" - cointelegraph.com

[AtW]

And why is bitcoin going up suddenly, increase in demand from whom?

Garmin perhaps?

Cybercriminals definately don't like to get paid ransoms in fiat.

[TheGreenBastard]

Anyone left shorting crypto with the current bull market?

[GigiBronz]

Anyone left shorting crypto with the current bull market?

Bitcoin is going to the sky...
gen z and millenials are piling in with the current climate and distrust of governments around the world. It is just a question of time...

on the other hand people are struggling to make ends meet and selling crypto for fiat to cover their monthly expenses...

On the long term it will get more clear. But I would say the market has not had so strong fundamentals in a while... and I was a non-believer.