Cryptocurrencies

[dholliday]

I’ve taken the decision today to liquidate half my holdings at 6.3k and see what happens from here

How you gonna do that? It's not a sellers' market. Might take ages as no-one's gonna buy at 6.3k. You'll have to sell at cutprice as that's what many other holders are doing (about half the current value should go quickly, broker fees already taken off).

 

[Kev The Rat]

How you gonna do that? It's not a sellers' market. Might take ages as no-one's gonna buy at 6.3k. You'll have to sell at cutprice as that's what many other holders are doing (about half the current value should go quickly, broker fees already taken off).

Had to do it on an exchange. 6.3k was this morning which is when I sold.

 

[dholliday]

Had to do it on an exchange. 6.3k was this morning which is when I sold.

which exchange?

 

[roydo]

I am still unsure if this thread is actually dish water. Its quite a read mind.

 

[paulbefc]

My instinct tells me it has further to fall

Do yourself a favour and sell it all.

 

[Frank Halfcoate]

I am still unsure if this thread is actually dish water. Its quite a read mind.

What does dish water mean?

 

[Kev The Rat]

which exchange?

Is that really relevant to you ?

 

[roydo]

What does dish water mean?

Made up.

 

[dholliday]

Is that really relevant to you ?

curious, 'tis all...it's a discussion thread, innit? The malaysian ones are all the rage right now.

 

[xreyuk123]

Haven't the Chinese made moves to block trading Crypto currencies, hence the massive price drops?

No. It's all FUD, just like everything about India and Korea was FUD.

China's manufacturing industry has more investment in blockchain technology than anywhere else.

The first big dip was worries South Korea was going to ban it, they didn't, and said they had no plans too, so people started buying back in. Then Chinese New Year and the US tax season hit, so it dipped (it dips massively every January because of this, look at the last 3 years of graphs). Chinese New year obviously hasn't passed yet. Finally there was rumours India was going to ban it, and a day later they came out and said they weren't, but loads of people had already sold.

The main problem with all the above, is that compared to the previous years there are a lot f newcomers to trading. A lot of people who don't know what they're doing, and buying what the media was telling them to buy. Then when the market dipped like it usually does every year, they all panicked and sold what they had, driving it down to worse than previous dips.

The newcomers were a direct result of Bitcoin getting as high as it did in November/December.

How, when and IF we recover is anyone's guess.

 

[Frank Halfcoate]

Made up.

But people are just posting their opinions on cryptocurrencies and the relevant or possible fluctuations in the market, how could that be termed as "made up"?

 

[roydo]

But people are just posting their opinions on cryptocurrencies and the relevant or possible fluctuations in the market, how could that be termed as "made up"?

I wonder if the main protaginist in the thread has made it all up.

 

[Efcjake]

I’m sad but clearly still well in the green over this.

I’ve taken the decision today to liquidate half my holdings at 6.3k and see what happens from here

Taken a bit of a hit on these here @Kev The Rat.

I know mate. I can see it for what it is which is a lot of jokers who don’t have a clue. That’s why it doesn’t bother me.

Bought 1 more btc at 8900.

Bought back in at 9800 before I went to bed last night so I’ve increased my holdings overall.

Couldn’t live with myself knowing I’d sold on the way down which is something you shouldn’t do. I think this is now pretty close to the bottom.

I raise a glass to all the holders and those who bought at the bottom (8k gbp)

Still, you should be looking good right now if you bought most of your original 40 coins below 1000 gbp.

well I have 40 coins now which I bought at intervals between 500gbp-1300gbp between October last year and May this year. over 20 bought below 1000.

 

[paulbefc]

A Random Walk Down Wall Street by Burton Malkiel (2015) is an ace read if you're even remotely interested in investing.

Especially the opening chapters....

 

[larrygobfiend]

This cryptocurrency business is very current Everton. You're sold the idea of having the moon on a stick, but it ends up turning into disappointment and despair.

Still you must be happy @Kev The Rat? £100,000 cashed out is it?

*itches chin