Cryptocurrency Crash
- Thread starter Craggsy2
- Start date
Fat_Dragon
Well-known member
Probably not as there has been two big rises and two big falls in the last 12 months alone with Bitcoin. Ive no reason to see why it can't regain its losses again.
Last 12 Months
Last 5 Years
Craggsy2
Well-known member
What is different now is that large important countries are banning it. China has already done ao and Russia to follow soon. If the US follows that could sink it.
Anton_Berg
Well-known member
Is it the beginning of the end for casinos?
No, the Money laundering capital of the world, The City of London is still staggering on with its own version of the casino culture.
Abel Tasman
Well-known member
I always find it’s hope more than expectation with crypto. Who knows what it will do. Even the “experts” don’t know. One says it will recover later this year, another says it’s going to enter a crypto “ice-age” It is so volatile it could crash and burn as much as soar in value.
Based on what? Crypto currency is just speculation. A few well known people buy in, tell everyone what they've done, and then sell. Loads of people with small holdings are then left holding the baby. If governments are going to ban crypto trading then there's a few more reasons not to get involved.
If someone can explain to me what asset value a crypto currency has, or what measures governments will take to guarantee crypto currency values then I'll think again.
Fat_Dragon
Well-known member
Russia has only put a proposal forward. Nothing has been set in stone.
Fat_Dragon
Well-known member
The last 12 months
Zoophonic
Well-known member
Pile in then Mr Dragon.
Crypto is volatile so it's nothing new. Everything is crashing at the moment though not just crypto. Stock markets are on their way down. Inflation high across the world, interest rates likely to rise. Crypto being more volatile just means that lows go really low and highs go really high.
Gains
Well-known member
I only started with it last year and I've been lucky enough to work with a lad who's brother trades Crypto for a living so I get my info and have learnt a lot from him and I've doubled what I've put in so far, but I think I could end up x10, by when is the unanswerable question but I'm pretty convinced it'll happen
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The bottom is somewhere near. The big holders of the strongest tokens (known as Whales) around the world are still accumulating, the blockchain data shows this so it's clear that they're the ones keeping the price down. But Amazon, Google and large banks have started investing during 2021 which suggests we're at the beginning not the end.
There is absolutely no doubt in my mind buying now will generate profit. Bitcoin and Ethereum is safest, but there's altcoins out there connected to projects that are usable in the real world, shopping, gaming this kind of thing which because of this crash could easily return x5.
It's too volatile to think you'll make a quick killing even though you could, but longer term I fully believe in some projects I've bought into, time will tell if I'm right. I only use disposable income to buy, that's all the advice I ever give to anyone who asks me about it.
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The bottom is somewhere near. The big holders of the strongest tokens (known as Whales) around the world are still accumulating, the blockchain data shows this so it's clear that they're the ones keeping the price down. But Amazon, Google and large banks have started investing during 2021 which suggests we're at the beginning not the end.
There is absolutely no doubt in my mind buying now will generate profit. Bitcoin and Ethereum is safest, but there's altcoins out there connected to projects that are usable in the real world, shopping, gaming this kind of thing which because of this crash could easily return x5.
It's too volatile to think you'll make a quick killing even though you could, but longer term I fully believe in some projects I've bought into, time will tell if I'm right. I only use disposable income to buy, that's all the advice I ever give to anyone who asks me about it.
That’s the other reason I think it’s got legs. The big boys started buying in to it last year. It is super volatile with the likes of musk and even bit baby on YouTube etc influencing the markets.
I’ve been in 3 years. Been up, been down. I have a chunk in xrp so waiting to see what happens with that
I’ve been in 3 years. Been up, been down. I have a chunk in xrp so waiting to see what happens with that
Andy_W
Well-known member
I stay out well out of Crypto, but loads of stuff is well down, especially tech stocks, and bitcoin will mirror these to an extent. When people take money out of tech they put it in safe havens, which is the opposite end of the scale to Crypto. The S&P 500 is down about 9%, and the NASDAQ 15%, in three weeks despite some decent gains in some of its stocks/ sectors.
Hopefully it's just a time to hold on for long term investors (in stocks), but loads will panic and crystallise losses.
To me, the world is nowhere near ready enough for Crypto to become mainstream, especially with the market leader largely being "mined" in China, an area which is really under the cosh. Also the massive waste of energy that "mining" is, which could end up being a big problem as the areas which "mine" it, are not exactly known for being green. Just seems daft to me to waste energy on complex calculations, which ultimately do not create anything of real physical use.
Crypto clearly has massive highs, but for everyone who wins, there are other people losing, just don't forget that. Tends to be a small amount of experts doing all the winning, and a lot of amateurs losing/ funding those wins. Not saying people should/ shouldn't buy into crypto, but it could go to zero, when the likes of Amazon, Microsoft, Apple, Google etc won't, but with anything, the largest gains come with more risk.
Some big investors will be into Crypto, but it will often be a small percentage of their portfolio, so people shouldn't go pumping massive percentages of their investing into sole markets, especially if it's reliant on energy which is in big demand, and suffers due to inflation. When inflation is high there's less money to keep the markets propped up. The same could be said for most stocks though, as they all rely on energy and take a hit with inflation, to a degree.
Just don't do a Sirius. If you've got spare cash, diversify it, don't put all your eggs in one basket. Invest small amounts consistently, over years, that way you won't pump all your cash in at the highs, and miss out from growth from the lows. Don't bother trying to buy in at the lows, as there are people better at that than any of us, and most panic in crashes.
Hopefully it's just a time to hold on for long term investors (in stocks), but loads will panic and crystallise losses.
To me, the world is nowhere near ready enough for Crypto to become mainstream, especially with the market leader largely being "mined" in China, an area which is really under the cosh. Also the massive waste of energy that "mining" is, which could end up being a big problem as the areas which "mine" it, are not exactly known for being green. Just seems daft to me to waste energy on complex calculations, which ultimately do not create anything of real physical use.
Crypto clearly has massive highs, but for everyone who wins, there are other people losing, just don't forget that. Tends to be a small amount of experts doing all the winning, and a lot of amateurs losing/ funding those wins. Not saying people should/ shouldn't buy into crypto, but it could go to zero, when the likes of Amazon, Microsoft, Apple, Google etc won't, but with anything, the largest gains come with more risk.
Some big investors will be into Crypto, but it will often be a small percentage of their portfolio, so people shouldn't go pumping massive percentages of their investing into sole markets, especially if it's reliant on energy which is in big demand, and suffers due to inflation. When inflation is high there's less money to keep the markets propped up. The same could be said for most stocks though, as they all rely on energy and take a hit with inflation, to a degree.
Just don't do a Sirius. If you've got spare cash, diversify it, don't put all your eggs in one basket. Invest small amounts consistently, over years, that way you won't pump all your cash in at the highs, and miss out from growth from the lows. Don't bother trying to buy in at the lows, as there are people better at that than any of us, and most panic in crashes.
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Redwurzel
Well-known member
There is no way to value accurately value Cryto and its volatile nature is a big negative with investors.
Stock markets are only slightly down - but tech type shares are well down in the last 2 months. Its crazy really because products such as electric cars are selling well and most tech products. Some investors seem to think because interest rates will go up and Covid decline, people will use tech less. Myself I think investors a bit too negative at present. For example energy prices will drop (oil experts and oil companies on here said the long price for oil is $50 , but at present its $86 i.e it will drop). Another positive is employment I have never known so many jobs available since the 1970s, but the positive of this has not really been taken on board. A healthy jobs market will make people more confident to spend. Look at all the people wanting work done on their houses and people in 5 month queues for generally very expensive new cars.
Stock markets are only slightly down - but tech type shares are well down in the last 2 months. Its crazy really because products such as electric cars are selling well and most tech products. Some investors seem to think because interest rates will go up and Covid decline, people will use tech less. Myself I think investors a bit too negative at present. For example energy prices will drop (oil experts and oil companies on here said the long price for oil is $50 , but at present its $86 i.e it will drop). Another positive is employment I have never known so many jobs available since the 1970s, but the positive of this has not really been taken on board. A healthy jobs market will make people more confident to spend. Look at all the people wanting work done on their houses and people in 5 month queues for generally very expensive new cars.
HundredRoom
Well-known member
what a load of codswallop. apart from the disposable income reference.
Chappy112
Well-known member
You have taken him apart there.