KShine Posted January 25, 2022 Posted January 25, 2022 Nonsense - that money is lost. Maybe (probably) it will come back, but you can't say you didn't lose money in Vegas because you never left the casino. Quote
iahawks550 Posted January 25, 2022 Posted January 25, 2022 (edited) On 1/25/2022 at 12:52 PM, KShine said: Nonsense - that money is lost. Maybe (probably) it will come back, but you can't say you didn't lose money in Vegas because you never left the casino. Expand Value is lost at this particular moment in time. The same goes for slots or sports betting at Vegas. But, there is no real loss until the investment timing period is up. Edited January 25, 2022 by iahawks550 1 Quote
bigboy61 Posted January 25, 2022 Posted January 25, 2022 On 1/25/2022 at 12:52 PM, KShine said: Nonsense - that money is lost. Maybe (probably) it will come back, but you can't say you didn't lose money in Vegas because you never left the casino. Expand There is none lost. It's unrealized. It doesn't become a loss until you realize the loss. 3 Quote
marcandre Posted January 25, 2022 Posted January 25, 2022 Fed meets tomorrow. Any interest rate news could spark another roller coaster. Will be interesting. Quote
FM Posted January 25, 2022 Posted January 25, 2022 I was so fortunate and happened to liquidate most of my crypto holdings a few days before the crash to move them to a new crypto project- $drip, and it weathered the storm really well. The creator is a mad genius type who designed the coin to address the reasons coins crash. I think it actually benefitted from the crash because people were selling off coins and putting money into this. It was way more research than I’ve ever put into a coin, and to buy it you have to jump through some hoops, but it’s done ridiculously well the past few weeks. 1 Quote
bigboy61 Posted January 25, 2022 Posted January 25, 2022 (edited) On 1/25/2022 at 7:22 PM, FM said: I was so fortunate and happened to liquidate most of my crypto holdings a few days before the crash to move them to a new crypto project- $drip, and it weathered the storm really well. The creator is a mad genius type who designed the coin to address the reasons coins crash. I think it actually benefitted from the crash because people were selling off coins and putting money into this. It was way more research than I’ve ever put into a coin, and to buy it you have to jump through some hoops, but it’s done ridiculously well the past few weeks. Expand Interesting. So many projects out there! I'm getting ready to drop a bunch in an up and coming project. I'm really pumped about this project. I'll share about it later after I invest in it (don't want anymore competition than I'll already have hahaha)! Edited January 25, 2022 by bigboy61 1 Quote
raindog Posted January 25, 2022 Posted January 25, 2022 (edited) On 1/25/2022 at 7:22 PM, FM said: The creator is a mad genius type who designed the coin to address the reasons coins crash. I think it actually benefitted from the crash because people were selling off coins and putting money into this. It was way more research than I’ve ever put into a coin, and to buy it you have to jump through some hoops, but it’s done ridiculously well the past few weeks. Expand $0.00 Market Cap? I'm sorry, and this is definitely NOT jealousy talking, but it sure looks like a pump-and-dump to me. Be careful. And I sincerely hope that I'm wrong. Edited January 25, 2022 by raindog 3 Quote
bigboy61 Posted January 25, 2022 Posted January 25, 2022 On 1/25/2022 at 10:38 PM, raindog said: $0.00 Market Cap? I'm sorry, and this is definitely NOT jealousy talking, but it sure looks like a pump-and-dump to me. Be careful. And I sincerely hope that I'm wrong. Expand Take a look at this chart. Not a good sign for price longevity. Parabolic... 2 Quote
FM Posted January 26, 2022 Posted January 26, 2022 (edited) Dextools shows market cap at $144m, but most other sites are showing 0 or N/A, assuming because its been so small a lot of the sites haven't picked up on it yet. Price spike is due to news of the first use case about to be launched which is a LP farm/lending app in one. I new to doing anything with crypto other than buying and holding, so I appreciate the insight and the what-to-look-out-for's! Edited January 26, 2022 by FM Quote
bigboy61 Posted March 12, 2022 Posted March 12, 2022 How is everyone doing? It's tax time! Today I worked on accounting for staking and lending interest from last year. It wasn't as bad as I thought, but as you increase the amount of assets you have and how often you claim rewards, it can really be a pain (if the platform doesn't off a tax calculator). I also worked on accounting for some of the trades I've done this year. I'm really starting to see the value in not having a lot of coins. Just having 4 or so main players (2k+) with a few coins with smaller balances. I have Less diversity, but it makes it a lot easier ;). Quote
bigboy61 Posted May 13, 2022 Posted May 13, 2022 On 5/12/2022 at 8:30 PM, dennugsmello said: ouch... Expand Yeah, that has been an epic saga to watch. It wasn't backed by enough BTC so they couldn't keep the peg. Anchor was a disaster waiting to happen and it finally caught up with them. They tried to grow too fast by subsidizing Anchor protocol yield. It was the perfect storm (probably a deliberate attack). Quote
bigboy61 Posted June 2, 2022 Posted June 2, 2022 Pretty quiet in here. How is everyone doing? I think we're likely heading to at least 25k BTC. I'm waiting for one metric to turn green to signal bottom. We are not there yet (according to the metric). Quote
flukedd Posted June 3, 2022 Posted June 3, 2022 On 6/2/2022 at 10:35 PM, bigboy61 said: Pretty quiet in here. How is everyone doing? I think we're likely heading to at least 25k BTC. I'm waiting for one metric to turn green to signal bottom. We are not there yet (according to the metric). Expand Sold almost everything I had out of necessity last year, to renovate the house we bought. Now I'm waiting for a moment to get back in and I don't feel like that time has come yet. 2 Quote
OrangeChiliPeP Posted June 3, 2022 Posted June 3, 2022 On 6/2/2022 at 10:35 PM, bigboy61 said: Pretty quiet in here. How is everyone doing? I think we're likely heading to at least 25k BTC. I'm waiting for one metric to turn green to signal bottom. We are not there yet (according to the metric). Expand which metric? Quote
bigboy61 Posted June 3, 2022 Posted June 3, 2022 On 6/3/2022 at 9:09 AM, OrangeChiliPeP said: which metric? Expand MVRV-Z. It's getting close to green signaling the best time to buy, but it's not there yet. I can post a screenshot of the chart later if I remember. On 6/3/2022 at 7:37 AM, flukedd said: Sold almost everything I had out of necessity last year, to renovate the house we bought. Now I'm waiting for a moment to get back in and I don't feel like that time has come yet. Expand Yeah, I am looking to buy a bunch of one crypto. Waiting for close to the bottom. Like you, it doesn't feel like the bottom is in yet. 1 Quote
Mark Twain Posted June 13, 2022 Posted June 13, 2022 On 6/2/2022 at 10:35 PM, bigboy61 said: Pretty quiet in here. How is everyone doing? I think we're likely heading to at least 25k BTC. I'm waiting for one metric to turn green to signal bottom. We are not there yet (according to the metric). Expand BTC's low this morning was $22,600 . . . Quote
bigboy61 Posted June 13, 2022 Posted June 13, 2022 On 6/13/2022 at 4:32 PM, Mark Twain said: BTC's low this morning was $22,600 . . . Expand Yep. We're going further most likely too. Low teens probably Quote
Huskers1236 Posted June 14, 2022 Posted June 14, 2022 On 6/13/2022 at 9:30 PM, bigboy61 said: Yep. We're going further most likely too. Low teens probably Expand An investment guy I know said he has a buy in @ $15k, so you're not the only one who thinks it will hit much lower. Quote
bigboy61 Posted June 14, 2022 Posted June 14, 2022 On 6/14/2022 at 12:31 AM, Huskers1236 said: An investment guy I know said he has a buy in @ $15k, so you're not the only one who thinks it will hit much lower. Expand Yeah. I think there's a decent chance we go sub 10k too. Quote
CsabaLazlo Posted June 18, 2022 Posted June 18, 2022 Big drop today. Any idea what could cause a graph that looks like a cliff? Quote
spener90 Posted June 18, 2022 Posted June 18, 2022 On 6/18/2022 at 7:34 AM, CsabaLazlo said: Big drop today. Any idea what could cause a graph that looks like a cliff? Expand Margin call? 1 Quote
Pseudoty Posted June 18, 2022 Posted June 18, 2022 On 6/18/2022 at 7:34 AM, CsabaLazlo said: Big drop today. Any idea what could cause a graph that looks like a cliff? Expand Quote
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