Bitcoin (cryptocurrency)

It’s taken a pounding last few days. New levels of volatility it seems.

once it’s back up to a decent price I’m selling half of mine and then buying metaverse coins instead. Which are equally volatile but fuck it
 
IvOH.gif
 
The whales don’t seem to buying.

The good news is a lot of the coins being sold are those that were bought recently and are being sold at a loss. HODLers are still HODLing.
 
If your coin is half decent or Bitcoin you’ve got nothing to really worry about. Just hold and wait for the next run to a new all time high.
 
Craig said:
If your coin is half decent or Bitcoin you’ve got nothing to really worry about. Just hold and wait for the next run to a new all time high.
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If you have stop losses you would be sweet, letting your portfolio half in value without taking anything out isn't wise.
 
Scottyboi said:
If you have stop losses you would be sweet, letting your portfolio half in value without taking anything out isn't wise.
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If you never think it will reach its previous all time high again I agree. If you have a coin you’re confident in long term unlike some shite like Dodge then you should be fine to hold and wait for things to improve again.

Obviously good to take some profits along the way but would be a panic sell to hold until now and then to sell.
 
Seems the latest crypto crash is happening. LUNA and it’s stablecoin UST are both in complete free fall. Was a top 10 coin before this
 
Gaudion M said:
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I’m tempted to buy some MicroStrategy stock. Seems a great way to get some heavily discounted Bitcoin at the moment. Plus you can put it in an ISA away from the tax man.

People seem to be shitting their pants about a margin call, but I looked into the numbers behind it and it would have to drop all the way to $3,600.
 
Wafty Cranker said:
I’m tempted to buy some MicroStrategy stock. Seems a great way to get some heavily discounted Bitcoin at the moment. Plus you can put it in an ISA away from the tax man.

People seem to be shitting their pants about a margin call, but I looked into the numbers behind it and it would have to drop all the way to $3,600.
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The tax man doesn’t tax losses bud.
 
I'm With Stupid said:
Something called Luna has apparently just crashed. From $84.39 to $0.083 in a week.
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It was an orchestrated attack from a hedge fund that caused it. The owner of Luna naively bragged about how much BTC and other coins he had to back it which gave the hedge fund with unlimited billions enough ammo to get all is BTC and ETh etc at bargain prices.
Shouldn't be allowed but if theres a loophole these twats will find it
 
I'm With Stupid said:
Something called Luna has apparently just crashed. From $84.39 to $0.083 in a week.
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Good. When you read about confused elderly folk getting scam called in bank frauds and their savings shipped out, that is exactly where the money ends up and where the trail becomes as good as impenetrable. Its a bank for villains
 
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