Crypto Currency - Believers Only

Hursty

Wally “The only way it won’t work is if you invest your money in companies that won’t go back up 17p a share (which begs the question did you do your due diligence before you invested in said company).”

I think that’s the point I’m making. By firing up more capital in magic beans you will lose more. Even if the loss per share is less. You have more shares.

but you guys have all done your due diligence abd these puzzles that serve as both useable currency and a sound investment that simply can’t go wrong or indeed down in the long run is a sound place to invest your fiat.

Where there’s pain, there’s gain!

Cost averaging can be useful in certain contexts.

But academic studies have shown that over the long term in the stock market it’s probably better to lump sum invest rather than drip-feed, for the very reason you cited earlier Wally: Time in the market beats timing the market. You want all your capital working for you, not having some of it off the table.

but yeah, it can have some practical uses in my opinion fwiw.

benson

I think that’s the point I’m making. By firing up more capital in magic beans you will lose more. Even if the loss per share is less. You have more shares.

Sure. There’s always the possibility that it will continue to go down but there are ways to mitigate that risk. You can wait until it hits the bottom and starts going back up (which sounds simple but to do it properly requires using technical analysis like relative strength index (RSI) and exponential moving averages (EMA) to get the best answers for when a stock truly is bottomed out and on the up tick again).

And all those tools are done thing you use every day and what you did your phd in are they?

if you want quantitative analysis get a quant in.

so many people at early dunning Kruger states are gonna get burned. But you’ve done your due diligence

They really aren’t hard to use tbh. As pointed out above by Hursty, some people just don’t want to do the work that would lead to them getting burned less and burned less often.

(Having said that, we’re talking about stocks here. I don’t think TA has much use in crypto)

Woke up this morning to two notifications from coin gecko ‘BTC surges $1000!’ and ‘$ETH surges $1000’. I was all ‘phew, glad things are sorting themselves out’

I then opened coinbase to discovery coingecko had forgot to mention things had plunged back down $1100 afterwards.

Notifications turned off

Are we saying Cardano is still the place to be? Anything else interesting on the horizon at the moment? Anything that doesn’t need PancakeSwap nonsense? I’m not interested in sniffing around ASS.

Hursty Not my take lol.

Dare I suggest the floor has been reached and we can begin the (long) road to recovery and riches.

Great time to get in if you are thinking of dabbling.

Wally Dare I suggest the floor has been reache

You reckon?

No idea tbh - could just as easily wake up tomorrow to find another bloodbath but ETH and BTC are both up 8% right now and it’s been a relatively calm morning. My guess is people have started buying back in at the discount prices.

This made me smile - whether you buy into his theory or not, his ‘just turn off the computer, go outside and enjoy what you have’ advice yesterday was nice

LOL

QAnon scenez