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  • Crypto Currency - Believers Only

Still finding the bottom, normal correction as part of a healthy bull market.

If we sink past 50% from the top…something is up. Let’s wait and see!

    You do realise loads of gullible kids brought in near the top. This is not a healthy correction for them. It’s a huge loss.

      benson Not to pick a fight here but how is that any different to all the people who bought Tesla near the top and lost loads?

          Hursty Ether has fallen 25 to 35% four times this year since Feb. Obviously this is the biggest in fiat money terms but I’m in agreement and my reason for buying in (I believe in the blockchain tech and Ethererum) hasn’t changed so no paper handing here. Cost average your way down. Laugh all the way to the magic bean bank in 6 months when it’s hitting new ATH.

            Going to put 1k in Ether, but cant see an each way option.

            Am I better off using William Hill?

              You know lads, I’m beginning to think Cyril isn’t a true believer.

              benson What top? Its a trading market, there are ups and downs in any market, we are talking about such short time periods here. The top is nowhere near.

              The old adage always plays out, everyone wants to get rich but most will lose. All the information and statistics are there to help but people don’t want to do their research.

              Its the same with the stock market.

                  Come on bro’s, have bought an e-scooter and everything.

                  Any juicy tips?

                  Wally it’s not. It is just to point out that this is not a free ride. For somebody to make money, somebody else is losing it.

                    It’s quite good fun watching the prices swing about once you have a few quid invested.

                    Watch this - this guy called out all the price dips three weeks ago - the whole boom / bust thing has been engineered by institutions from the start:

                    The fact that it is so vulnerable to manipulation makes the whole thing a massive risk. Whilst I’m going to hold on what I’ve already put into it I don’t think I’ll be putting much more if any in.

                    No different to stocks imo.

                    That Ethereum one is interesting. If he’ right, it’s gonna come down a bit more before blasting off into the sun for a bit.

                      I’ve seen you mention the phrase “cost average your way down” quite a few times Wally when these coins have fallen in value.

                      Just to make sure I understand you correctly here, what you are saying is “when the price goes down, put more money in” - right?

                      And just to clarify further, you can only reduce your average cost if you’re buying in at a price lower than your current weighted average entry price, which means you already have a net loss making position and you are advising putting more money in?

                      Nowt gets past you CJ.

                      I prefer to look at it slightly different terms - ’If your reason for investing hasn’t changed, a price drop shouldn’t concern you and you should take advantage of that’

                      In this specific case, I invested in Ethereum because I researched it and I believe in blockchain technology, the ethereum project and it’s future planned updates. Is it going to go bankrupt and cease to exist? Pretty unlikely I would say so being patient and buying the dip is a winner imo. ‘Time in the market beats timing the market’ as they say.

                      I’ve been investing for long enough that being in the red doesn’t phase me.