Cryptocurrency in Free Fall
- MinnGuyInvesting
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Cryptocurrency in Free Fall
Locked: See this post by the site owner: New Forum Policy Prohibiting Discussions of Cryptocurrency, Market Manipulation Schemes, etc as Investing Strategies
Bitcoin down (close to 10%) to 56k from it's weekend high of 60k+.
Bitcoin down (close to 10%) to 56k from it's weekend high of 60k+.
Index ETF's 45% |ARK Funds 30% | AAPL 5% | TSLA 4% | GOOGL 2% | AMZN 1.3% |Other stocks 4.5% | BTC/ETH 9% |
Re: Cryptocurrency in Free Fall
The correct way to look at BTC price is to use a log scale chart.
It's just a usual day to drop 10% or 20%. It's only a free fall when it drops >50%.
It's just a usual day to drop 10% or 20%. It's only a free fall when it drops >50%.
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Re: Cryptocurrency in Free Fall
LOL. 10% is not a free fall.
Re: Cryptocurrency in Free Fall
My buy day. More satoshis per dollar for me
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Re: Cryptocurrency in Free Fall
Your portfolio is bold to say the least. Good luck!
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Re: Cryptocurrency in Free Fall
Lol you have two threads to cover "free fall" and "soaring". I like how you are playing both sides of the bitcoin before some white knight steps in to defend VTSAX - pun intended lolMinnGuyInvesting wrote: ↑Mon Mar 15, 2021 2:44 pm Bitcoin down (close to 10%) to 56k from it's weekend high of 60k+.
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Re: Cryptocurrency in Free Fall
I was tempted to create a 'Cryptocurrency staying stable !' thread.
And it is true, when referring to stablecoins such as USC and GUSD.
And it is true, when referring to stablecoins such as USC and GUSD.
Re: Cryptocurrency in Free Fall
Let's keep it to two threads. This one and Cryptocurrency - Bitcoin Continues to Soar!.
- MinnGuyInvesting
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Re: Cryptocurrency in Free Fall
No, it isn't, but we needed a free fall thread.
Index ETF's 45% |ARK Funds 30% | AAPL 5% | TSLA 4% | GOOGL 2% | AMZN 1.3% |Other stocks 4.5% | BTC/ETH 9% |
Re: Cryptocurrency in Free Fall
Not mine, I bought Enjin Coin for 22 cents and it's now flirting with $3 per coin!! I also bought Mana Coin for 18 cents and it's over a dollar per coin.
Re: Cryptocurrency in Free Fall
Goes up and down 10% per day. So much for being a "store of value".
Re: Cryptocurrency in Free Fall
How about "Bitcoin ... on a roll"?bogledogle wrote: ↑Mon Mar 15, 2021 2:58 pmLol you have two threads to cover "free fall" and "soaring". I like how you are playing both sides of the bitcoin before some white knight steps in to defend VTSAX - pun intended lolMinnGuyInvesting wrote: ↑Mon Mar 15, 2021 2:44 pm Bitcoin down (close to 10%) to 56k from it's weekend high of 60k+.
Re: Cryptocurrency in Free Fall
Everyone's trying to be the next Lbill....
VTI 48%, VXUS 12%, BND 40%
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- nisiprius
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- Location: The terrestrial, globular, planetary hunk of matter, flattened at the poles, is my abode.--O. Henry
Re: Cryptocurrency in Free Fall
I'm a bitcoin skeptic. But 10% is nothing.
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.
Re: Cryptocurrency in Free Fall
If you correctly call the big crash date, I'll mail you a Twinkie.
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Re: Cryptocurrency in Free Fall
Free fall? You must be new to this. I will be very grateful for 10% drop in cryptocurrencies.
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Re: Cryptocurrency in Free Fall
Well done!
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Re: Cryptocurrency in Free Fall
Store of value long term, bought my first at 3K saw it going to 20K then back to under 5K then now close to 60K. BTC market cap is relatively small, so high fluctuation is expected at least for now.
Re: Cryptocurrency in Free Fall
1 trillion dollars is relatively small?JHU ALmuni wrote: ↑Mon Mar 15, 2021 5:30 pmStore of value long term, bought my first at 3K saw it going to 20K then back to under 5K then now close to 60K. BTC market cap is relatively small, so high fluctuation is expected at least for now.
Re: Cryptocurrency in Free Fall
https://finance.yahoo.com/news/india-pr ... 46097.htmlIndia will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class.
The measure is in line with a January government agenda that called for banning private virtual currencies such as bitcoin while building a framework for an official digital currency. But recent government comments had raised investors' hopes that the authorities might go easier on the booming market.
Instead, the bill would give holders of cryptocurrencies up to six months to liquidate, after which penalties will be levied, said the official, who asked not to be named as the contents of the bill are not public.
Officials are confident of getting the bill enacted into law as Prime Minister Narendra Modi's government holds a comfortable majority in parliament.
If the ban becomes law, India would be the first major economy to make holding cryptocurrency illegal. Even China, which has banned mining and trading, does not penalise possession.
Is this the reason for the drop?
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Re: Cryptocurrency in Free Fall
Did I make it to the first page of this thread? Here’s to lasting as long as the stocks free fall thread.
- MinnGuyInvesting
- Posts: 416
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Re: Cryptocurrency in Free Fall
I need to talk with you more.
My Alt Coins all suck lately.
ADA
AAVE
Index ETF's 45% |ARK Funds 30% | AAPL 5% | TSLA 4% | GOOGL 2% | AMZN 1.3% |Other stocks 4.5% | BTC/ETH 9% |
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Re: Cryptocurrency in Free Fall
53K now. What a fall from 60K+ in one day.
Re: Cryptocurrency in Free Fall
No. The largest volume of Bitcoins traded has been in USA for 2020. India is pretty tiny in that list so if the ban was put it in place highly unlikely it will effect Bitcoin prices. https://www.statista.com/statistics/119 ... countries/birdog wrote: ↑Mon Mar 15, 2021 5:54 pm https://finance.yahoo.com/news/india-pr ... 46097.html
Is this the reason for the drop?
Land/Real Estate:89.4% (Land/RE is Inheritance which will be recieved in 10-20 years) Equities:7.6% Fixed Income:1.7% Gold:0.8% Cryptocurrency:0.5%
Re: Cryptocurrency in Free Fall
Don't talk to me then. I also have some Ada and AAVE as my only two non BTC/ETH bets. Thinking about selling them at a loss since my crypto allocation is starting to get out of whack anyway from all the BTC/ETH gains. Not that I have enough Ada and AAVE to put much of a dent in my allocation.MinnGuyInvesting wrote: ↑Mon Mar 15, 2021 6:32 pmI need to talk with you more.
My Alt Coins all suck lately.
ADA
AAVE
Re: Cryptocurrency in Free Fall
ADA pumping on coinbase listing. I don’t like Cardano at all though. Can’t have such a fragile big ego at the top of a decentralized project.Gadget wrote: ↑Tue Mar 16, 2021 12:05 pmDon't talk to me then. I also have some Ada and AAVE as my only two non BTC/ETH bets. Thinking about selling them at a loss since my crypto allocation is starting to get out of whack anyway from all the BTC/ETH gains. Not that I have enough Ada and AAVE to put much of a dent in my allocation.MinnGuyInvesting wrote: ↑Mon Mar 15, 2021 6:32 pmI need to talk with you more.
My Alt Coins all suck lately.
ADA
AAVE
Re: Cryptocurrency in Free Fall
Just wondering what's the best way to find as early as possible which coin is about to be listed on Coinbase? I found about Cardano listing when Coinbase tweeted about it but at that point the price was already pumping. There must be a public resource (other than tweet) where Coinbase announces its newest listing.ohboy! wrote: ↑Tue Mar 16, 2021 12:52 pmADA pumping on coinbase listing. I don’t like Cardano at all though. Can’t have such a fragile big ego at the top of a decentralized project.Gadget wrote: ↑Tue Mar 16, 2021 12:05 pmDon't talk to me then. I also have some Ada and AAVE as my only two non BTC/ETH bets. Thinking about selling them at a loss since my crypto allocation is starting to get out of whack anyway from all the BTC/ETH gains. Not that I have enough Ada and AAVE to put much of a dent in my allocation.MinnGuyInvesting wrote: ↑Mon Mar 15, 2021 6:32 pmI need to talk with you more.
My Alt Coins all suck lately.
ADA
AAVE
Diversification is protection against ignorance - WB.
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Re: Cryptocurrency in Free Fall
Well, the tweet is a public resource. I doubt you're going to be able to get in before the pump once it's 'public' either via tweet or some other channelSamosa22 wrote: ↑Wed Mar 17, 2021 7:59 pm Just wondering what's the best way to find as early as possible which coin is about to be listed on Coinbase? I found about Cardano listing when Coinbase tweeted about it but at that point the price was already pumping. There must be a public resource (other than tweet) where Coinbase announces its newest listing.
I'm sure there are people already looking at candidate coin movements between wallets, trying to figure that out before any announcement. For instance, if known Coinbase Corporate Wallets seem to pick up a lot of certain tokens, it's possible they plan to list that token. [ But if I were Coinbase, I'd spin up new addresses to hold new tokens for testing prior to deployment ]
I wonder if insider trading laws would apply to trading in tokens ? Certainly in tokens that are 'security-like', that could be an issue.
Re: Cryptocurrency in Free Fall
Where am I? [insert some clever gif here]
“The stock market is a giant distraction from the business of investing.” -Jack Bogle
- arcticpineapplecorp.
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Re: Cryptocurrency in Free Fall
$59k now.
don't recommend buying a currency that rises and falls so much in so short a period of time.
don't recommend buying a currency that rises and falls so much in so short a period of time.
It's hard to accept the truth when the lies were exactly what you wanted to hear. Investing is simple, but not easy. Buy, hold & rebalance low cost index funds & manage taxable events. Asking Portfolio Questions |
Re: Cryptocurrency in Free Fall
What free fall? Its a fire sale event. I loaded up on Bitcoin!
VOO 30% | Bitcoin 20% | ARK 5% | Cash 5% | California Real Estate 40%
Re: Cryptocurrency in Free Fall
Bitcoin was how much 1 year ago? Eth was how much 1 year ago? Lol. Freefallin
1 fund
Re: Cryptocurrency in Free Fall
Gadget wrote: ↑Tue Mar 16, 2021 12:05 pmDon't talk to me then. I also have some Ada and AAVE as my only two non BTC/ETH bets. Thinking about selling them at a loss since my crypto allocation is starting to get out of whack anyway from all the BTC/ETH gains. Not that I have enough Ada and AAVE to put much of a dent in my allocation.MinnGuyInvesting wrote: ↑Mon Mar 15, 2021 6:32 pmI need to talk with you more.
My Alt Coins all suck lately.
ADA
AAVE
Get rid of that junk, bitcoin is king, eth will be the prince, riding off all the junk coin hype.
1 fund
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Re: Cryptocurrency in Free Fall
Sez who ?
https://cointelegraph.com/news/zero-to- ... ck-to-life
Karma (KARMA), a social media project that originally launched on the EOS blockchain in 2018. Over the past seven days, the dollar value of Karma increased 6,530% as the token climbed from a subcent price of $0.000464 up to $0.030767.
Re: Cryptocurrency in Free Fall
SlowMovingInvestor wrote: ↑Wed Mar 17, 2021 9:32 pmSez who ?
https://cointelegraph.com/news/zero-to- ... ck-to-life
Karma (KARMA), a social media project that originally launched on the EOS blockchain in 2018. Over the past seven days, the dollar value of Karma increased 6,530% as the token climbed from a subcent price of $0.000464 up to $0.030767.
Junk, there’s probably only one person that threw more than $200 into that junk and will experience a life changing profit. I could be wrong though, xbt was life altering for thousands that threw tip money into it.
1 fund
Re: Cryptocurrency in Free Fall
"free fall" and "soar" threads... are bogleheads recognizing a new asset class???
S&P 500 + Bitcoin
Re: Cryptocurrency in Free Fall
My highest return on crypto right now is BNB. Im pretty anti Binance in general, but in 2018 it was one of the best places to buy. Coinbase only had like 5 coins at the time. On Binance if you have BNB the trading fees are less. I was just looking and my avg cost basis for BNB is .79cents. Sold some for $300. What hurts though is looking back at the fees I paid in BNB in 2018. I had 100ish trades. Much like ETH transaction fees over time. Now Im sure to buy more ETH to cover any transaction fees, it also then dodges realizing gains with fees.
Re: Cryptocurrency in Free Fall
The stocks in free fall thread gets bumped when stocks are 0.1% down
Re: Cryptocurrency in Free Fall
Seems to be going down today - hopefully it hits my limit order at 45.
Re: Cryptocurrency in Free Fall
So what exactly happened that Bitcoin is 20% less than 2 weeks ago?
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Re: Cryptocurrency in Free Fall
He has been saying this for months I think. People start listening now? Janet Yellen hinted at the same thing a while back.
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Re: Cryptocurrency in Free Fall
Huh, I didn't know that. I know India is working on some laws to ban crypto though.JBTX wrote: ↑Wed Mar 24, 2021 6:26 pmHe has been saying this for months I think. People start listening now? Janet Yellen hinted at the same thing a while back.
Re: Cryptocurrency in Free Fall
https://www.bridgewater.com/research-an ... on-bitcoinMarseille07 wrote: ↑Wed Mar 24, 2021 6:29 pmHuh, I didn't know that. I know India is working on some laws to ban crypto though.JBTX wrote: ↑Wed Mar 24, 2021 6:26 pmHe has been saying this for months I think. People start listening now? Janet Yellen hinted at the same thing a while back.
It is, after all, a public ledger and a material amount of Bitcoin is held in a non-private manner. If the government (and perhaps hackers) want to see who has what, I doubt that privacy could be protected. Also, it appears to me that if the government wanted to get rid of its use, most of those who are using it wouldn’t be able to use it so the demand for it would plunge. Rather than it being far-fetched that the government would invade the privacy and/or prevent the use of Bitcoin (and its competitors) it seems to me that the more successful it is the more likely these possibilities would be. Starting with the formation of the first central bank (the Bank of England in 1694), for good logical reasons governments wanted control over money and they protected their abilities to have the only monies and credit within their borders. When I a) put myself in the shoes of government officials, b) see their actions, and c) hear what they say, it is hard for me to imagine that they would allow Bitcoin (or gold) to be an obviously better choice than the money and credit that they are producing. I suspect that Bitcoin’s biggest risk is being successful, because if it’s successful, the government will try to kill it and they have a lot of power to succeed.
Re: Cryptocurrency in Free Fall
I like that cryptocurrencies fall.
Probably everybody wishes they had bought more(some?) bitcoin earlier
Probably everybody wishes they had bought more(some?) bitcoin earlier
Re: Cryptocurrency in Free Fall
Not me.
I don't want to kill the planet.
It's the most environmentally unfriendly way to conduct financial transactions currently in existence.
Global stocks, IG/HY bonds, gold & digital assets at market weights 75% / 19% / 6% || LMP: TIPS ladder
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Re: Cryptocurrency in Free Fall
Re: Cryptocurrency in Free Fall
Are you sure about that? Have you thought about how much energy current traditional financial system consumes on the global scale (banks' offices and branches [lighting, ventilation, security, etc.], their IT infrastructure, offices and IT infrastructure of financial companies, including hedge funds and HFT companies [which use supercomputer-level of compute resources], adverse ecological impact - in terms of both energy used and pollution - of millions of their employees driving to/from office work and/or flying globally for business and much more? My guess is that the global cumulative energy consumption of the current traditional financial system is orders of magnitude higher than that of all PoW (proof-of-work)-based cryptoassets combined.