Bitcoin (cryptocurrency)

Bluemoon_420

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Joined
25 May 2021
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74
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Man City
I bought into Luna beginning of last year, and turned £2000 into around £50000 at it’s peak. Pulled out just over half about a month ago and left the remaining thinking it was safe considering it looked a good project long term and it being a top 10 coin, how wrong was I!!! Gutted that 20k literally disappeared overnight, but could’ve been worse and lost it all. Read some horror stories with people loosing their life savings etc. Think what happened this week will have a long lasting affect on crypto.
 

Gaudion M

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Joined
5 Sep 2014
Messages
10,729
I bought into Luna beginning of last year, and turned £2000 into around £50000 at it’s peak. Pulled out just over half about a month ago and left the remaining thinking it was safe considering it looked a good project long term and it being a top 10 coin, how wrong was I!!! Gutted that 20k literally disappeared overnight, but could’ve been worse and lost it all. Read some horror stories with people loosing their life savings etc. Think what happened this week will have a long lasting affect on crypto.
Agree on the last line - Crypto has always been at risk of a big dip. The question is now its had one does it come back or just die a slow death.
 

Bluemoon_420

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Joined
25 May 2021
Messages
74
Team supported
Man City
Agree on the last line - Crypto has always been at risk of a big dip. The question is now its had one does it come back or just die a slow death.
I still think there is still a lot of scope in crypto and there are some decent projects out there, however much like the dot com boom there will only be a very small percentage of coins that stick around for the long term.

I’ve made some really good gains (luck/good advice more than anything) since I began investing but this Luna debacle has shaken my belief somewhat.

I still believe there are and will continue to be good opportunities to make money for the next few years, but only coins I’d consider investing for long term are BTC and ETH.

Key to investing in crypto is to only put in what you can afford to lose, otherwise you’re opening yourself to a whole word of hurt!
 

Wafty Cranker

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Joined
31 Mar 2006
Messages
1,037
MicroStrategy is up 27% today. Crazy stuff!

A few signals seem like that could have been the bottom yesterday for BTC.
 

Scottyboi

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Joined
5 May 2008
Messages
17,692
Location
Citehhhhhh
I bought into Luna beginning of last year, and turned £2000 into around £50000 at it’s peak. Pulled out just over half about a month ago and left the remaining thinking it was safe considering it looked a good project long term and it being a top 10 coin, how wrong was I!!! Gutted that 20k literally disappeared overnight, but could’ve been worse and lost it all. Read some horror stories with people loosing their life savings etc. Think what happened this week will have a long lasting affect on crypto.

Bet you're fucking delighted you took some profit, have to forget about the loss of the 20k you were lucky to get anything out after now fast that collapsed.
 

Bluemoon_420

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Joined
25 May 2021
Messages
74
Team supported
Man City
Bet you're fucking delighted you took some profit, have to forget about the loss of the 20k you were lucky to get anything out after now fast that collapsed.
Yeah absolutely, would’ve been distraught if I hadn’t. The only reason I’d left it in there was because I was going to put it towards a new house but haven’t found anything. Couldn’t have anticipated this was going to happen in a million years. First world problems huh :)
 

JASR

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Joined
1 Sep 2015
Messages
5,264
City joined another NFT marketplace today - quidd


the cityzens feed on the OS had a link to sign up and get $10 of spends (within quidd only). After a bit of fiddling (which even for this IT guy was fiddly as not set anything up for coin/wallets for 10 years), I appear to have the $10, but whether I use it to get some exclusive City NFT's is... doubtful/debateable
 

Alan Harper's Tash

Well-Known Member
Joined
12 Dec 2010
Messages
26,957
City joined another NFT marketplace today - quidd


the cityzens feed on the OS had a link to sign up and get $10 of spends (within quidd only). After a bit of fiddling (which even for this IT guy was fiddly as not set anything up for coin/wallets for 10 years), I appear to have the $10, but whether I use it to get some exclusive City NFT's is... doubtful/debateable

I’m not sure I will ever understand why people buy NFTs.
 

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