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Hursty Is it just me, or would you not want to fuck with the El Salvador President?
https://www.standard.co.uk/news/world/el-salvador-adopts-bitcoin-legal-tender-b939551.html

Haha, erm…

With a lot of people in this thread joking about “buy the dip”, it’s worth providing an update about this guy:

Over the last year or so he’s spent about $100mil of El Salvado’s incredibly limited funds on Bitcoin, and his (the country’s) portfolio is now down 49%.

He’s being referred to in many places now as “El Bagholder”.

Someone has even created a tracker for his bitcoin investments:

https://nayibtracker.com/

https://www.ft.com/content/0da21b10-bfff-4efc-9c7c-1711bdba34aa

    Lads don’t be drama queen’s, bear markets never last forever. Crypto isn’t really my thing but I’ve been buying every dip on shib n im only 100quid down. Its great to see shib is the leading alt coin right now holding up good.

    As for the stock market can always play 3x short leverage on the down side.

      Funky

      Funky Crypto isn’t really my thing but I’ve been buying every dip on shib n im only 100quid down

      Can you explain your position please? How much have you invested and what prices did you buy in at?

            mono-stereo I sold shib around the 60s last year, then bought back in around the low 20s been average down ever since I’ve around 45m now, if it dips more ill buy 2m at a time which is around 15 quid right now lol.

              Bear markets come and go, so do bull markets.

              Bitcoin is a decentralised immutable ledger for the world which is the biggest threat to the establishment as it prevents them from cooking the books as they see fit.

              Ask any accountant how groundbreaking this technology is, the world hasn’t moved on since the early forms of accounting created thousands of years BC, this evolution is seriously disrupting how money is used.

              The whole intrinsic value is a fallacy, all currency used today has no intrinsic value, it is propped up in the belief it does by billions of people, it’s the same with crypto and gold, if enough people believe it has value then it does, the world order is built on myths, see the religion thread.

              This is the period where the whales become richer, the transfer of wealth cycle continues

              Ok, so if I’ve understood correctly Hursty, put my life savings on the dip, add a bit of YOLO, hodl and look back in twenty years at how terrified I was at this utter shitshow (mistakenly) whilst on my megayacht surrounded by naked ladies.

                BlainSA Lol, you could do, but a spread of investments across the board would be more advisable. Having a small investment in solid crypto projects isn’t such a bad idea though, I’m talking <£5000 here.

                  Everyone just needs to calm down and Glenn for a while.

                  It’ll be interesting to see how this pans out. In a way, it’s a good thing for crypto in general. This dip will shake out the scammers and arseholes and invite securities regulation which will benefit things going forward. If crypto is to be mass adopted instead of kicked to the curb, it needs the legal framework behind it.

                  It’s also seen dips like this before and come back so I’d not say it’s dead just yet.

                  Finally, the ‘mass adoption of new technology’ curve looks exaclty like Crypto at the moment with the ‘trough of disillusionment’ phase. After that, the curve picks up and things improve (but not to previous highs which are fueled by speculators and early adopter cash)

                  It’s interesting to note that the ETH network has never been busier, reaching record highs in usage, while it’s price goes to the gutter. I think it’ll stage some kind of recovery. When that will be is anyones guess. It appears there’s a non zero chance of mass securities contamination next. People seem to think we’re in another 2008 crash. We just don’t know the reason why it’s happened at the moment.

                  Interesting times.

                    I’ve got a friend who is convinced the entire world financial system us on the brink of collapse. Grim times ahead if so

                      Good to see Wal & Hursty still pasting Reddit content into this thread.

                      I miss those kind of updates

                        Old-Dutch absolutely plausible because there are no rules, governments can print currency as they see fit, how much do we “borrow” every month, it’s insane.

                        There will never be enough tax to pay off the debt and that is a fact. The current system is broken

                          Mad_Cyril I’ve never got into Reddit, still don’t really understand it, one of those that passed me by

                            Along_the_Wire Sold around 70% of my amc at 30, held onto around 80 shares, i no i paper handed but can always load up if they start to cover. AMC just in terms of a recovering business model is worth around 25 dollars all day long if not in this bear market, its getting moved to the better performing Russell 1000 on the 24th of June.

                            Make money take money guys don’t diamond hand anymore. Always keep plenty on the side to jump in and jump out. Buy in small chunks in case you have to average down. Learn 13/48 cross also it has worked wonders for me and i only trade shares not options.