Crypto currency (IF banned from CA)

[DuuuncanHadaPigeon]

10 factor log scale hides a multitude of sins. Howabout this as an alternative:

Well done if you bought it before 2021 and are still sitting on some paper profits, but it's currently in a 93% drawdown

Linear charts hide all the previous price performance. Log is far superior.

93% from the top, still around 1000x from the bottom (I think)

Go look at BTCs history (log chart) dips of 85-95% happen, this is crypto, it doesn't bother me. We are also in a global recession, everything is down. Plenty more pain to come, wouldn't surprise me if HEX went even lower.

And yes I did buy pre 2021 and have realised significant gains, not just paper gains. I basically called the BTC top but no one listened...

 

[evilwebby]

Linear charts hide all the previous price performance. Log is far superior.

93% from the top, still around 1000x from the bottom (I think)

Go look at BTCs history (log chart) dips of 85-95% happen, this is crypto, it doesn't bother me. We are also in a global recession, everything is down. Plenty more pain to come, wouldn't surprise me if HEX went even lower.

And yes I did buy pre 2021 and have realised significant gains, not just paper gains. I basically called the BTC top but no one listened...

It's the penny stock mentality

Why do you compare HEX to BTC? Just because they are cryptos? Obviously not every single Crypto can go on to grow the same way as BTC has, otherwise Cryptos would account for about 99.9% of global assets

 

[The Gueye Science]

Linear charts hide all the previous price performance. Log is far superior.

93% from the top, still around 1000x from the bottom (I think)

Go look at BTCs history (log chart) dips of 85-95% happen, this is crypto, it doesn't bother me. We are also in a global recession, everything is down. Plenty more pain to come, wouldn't surprise me if HEX went even lower.

And yes I did buy pre 2021 and have realised significant gains, not just paper gains. I basically called the BTC top but no one listened...

I hope you've made some back-up plans, all the same. You're maybe the one crypto convert here who doesn't seem like they'd deserve a complete collapse of the market, and all that would entail.

 

[evilwebby]

Anyone who says they don't mind a 85-95% collapse has never, in actuality, lived through such a crash with their money on the line

 

[Kev The Rat]

Anyone who says they don't mind a 85-95% collapse has never, in actuality, lived through such a crash with their money on the line

some people are still in the green with a 90% collapse in crypto.

Anyway, to go down 90% you would see a similar total capitulation in the stock market as well. Could happen I supose.

 

[LinekersLegs]

 

[chicoazul]

Hi lads just want to congratulate you on your currency lads buying the front of Everton’s shirt. I hope there’s a wry smile when the monsters in here taunt and try to get you banned for just making a little money they’re too scared to try. Always enjoy your financial insights.

 

[nikom court]

Anyone who says they don't mind a 85-95% collapse has never, in actuality, lived through such a crash with their money on the line

Iv been through 3,it's not that I'm not bothered but instead of the mindset of thinking iv lost lots of unrealised pounds I look at it as a great buying opportunity.
None of the fundamentals have changed,it's just market cycles.

 

[chicoazul]

I don't know the ins and outs of running a forum but I bet this thread has made a few quid with ads and clicks.

@GrandOldTeam he appears to be attacking your integrity here.

 

[micknick]

 

[evilwebby]

some people are still in the green with a 90% collapse in crypto.

Anyway, to go down 90% you would see a similar total capitulation in the stock market as well. Could happen I supose.

I think in a scenario where stocks get cut in half cryptos go -90%.

The difference is that it is exponentially more difficult to recover from larger losses. To get back from a -50% fall you need to double your money. That's doable, especially in the stock market as the mechanism for long term growth (ie a leveraged play on economic growth) is well understood and cashflow can be reinvested.

To get back from a -90% fall you need to x10 your money. That's much more difficult, even for crypto. There may be a risk that people just move onto something else eventually and cryptos never recover their all time highs. Some idiot who bought Dogecoin when Saint Elon was pumping it is now sitting on a -91% loss.. do they still think they're getting their money back, never mind see any sort of positive return?


Anyway, if and when cryptos revert much closer to their intrinsic value I'll be bumping this and asking all the acolytes if they still believe they're going to get their money back.

 

[chicoazul]

Hello Wall Street lads. Thank you for your market insights, I’d like to see you the next best thing, it’s coming from out east and is called Snaeb Cigam. It’s growing like crazy and giant returns are right there for the hardy.

 

[LinekersLegs]

Not a lot of support until ~20k tbh



Given the poor general economic environment I wonder how many earlier buyers still with profits will decide to bail on assumption can buy back cheaper.

 

[chicoazul]

Not a lot of support until ~20k tbh



Given the poor general economic environment I wonder how many earlier buyers still with profits will decide to bail on assumption can buy back cheaper.

Drag them, Legs.

 

[Kev The Rat]

I think in a scenario where stocks get cut in half cryptos go -90%.

The difference is that it is exponentially more difficult to recover from larger losses. To get back from a -50% fall you need to double your money. That's doable, especially in the stock market as the mechanism for long term growth (ie a leveraged play on economic growth) is well understood and cashflow can be reinvested.

To get back from a -90% fall you need to x10 your money. That's much more difficult, even for crypto. There may be a risk that people just move onto something else eventually and cryptos never recover their all time highs


Anyway, if and when cryptos revert much closer to their intrinsic value I'll be bumping this and asking all the acolytes if they still believe they're going to get their money back.

I don’t see a scenario where stocks get cut in half really. I mean I could, but the risk is so negligible it’s not worth factoring in to any rational decision making process.