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  • Crypto Currency - Believers Only

bosstrabs the point that they are most likely still well in profit as Ethereum has ‘crashed’ to $1000?

    22 days later
    10 days later

    Lol

    While I was back I met a mate in blighty and he and a guy went dabbling into crypto and invested a couple of grand each. At one point it got up to 750k. I asked what it was worth now and his answer was probably a packet of fags.
    I enquired as to why the fuck when it reached those kinds of ridiculous levels did he not sell? He said because it had potential to get to 20mil and still does 🤯
    His wife was standing behind him as he was saying it shaking her head mouthing ‘no it wont’.
    This is the same guy that used to spend entire nights/weekends on jackpot machines in pubs that you could only win 20 quid max.
    Half of 750k would have been life changing as they are just normal people , living in a normal house with average incomes and 2 kids.
    A fascinating insight into the world of no hopers.
    I would probably throw myself off a cliff if that was me but saying that I’d have definitely been out at 350k.

      Cankles-McJeggings

      Absolutely frightening how common this scenario is. Either there are a load of bullshitters pretending they nearly hit the big time or people are too stupid or greedy to take a decent profit and run.

          It’s the difference between experienced traders and amateurs. Knowing when to cash out instead of assuming something is going to keep going up.

          When setting a trade, always consider the exit point, not just the entry point. How much is enough. Personally, 10% to 15% should be considered a massive win imo.

            Wally

            Surely you don’t have to be a professional to understand when to cash in on some life changing wedge? I can’t fathom it and neither can anyone else I spoke to about it either. But he is like that. That being greedy and obviously pretty fucking stupid.

                Cankles-McJeggings would have taken 325k and gambled the last 25k incase it did continue to shoot up.

                Not cashing in on that amount for an average joe will fuck you up. I would always be regretting being so greedy and ending up with nothing. That would have cleared the mortgage and left a nice little savings pot.

                  Cankles-McJeggings Not at all - Using myself as an example, I’ve been stung by the ‘lets wait and see’ thing before and learnt from it - read some books on trading and one of the first thing it teaches you is to avoid the greed compulsion and set an exit point for a trade as well as an entry point - how much is enough? How much is enough to say ’who cares if it keeps going up, I’ve made what I wanted’.

                  A lot of people don’t set exit points for a trade and just get greedy thinking it’s going to keep going up and up (and then it inevitably comes crashing down). ‘Lets wait and see what happens’ is a really dangerous compulsion that seems to get reinforced the more money you’re making and sadly you get people who don’t even recognize it and learn how to avoid it.

                      I was wondering how much it went up in increments. Meaning were there a few points where he could have bailed with what most would consider a lot of money or did it just go up all at once and then become worthless all at once. I know its volatile an all..Should have asked.

                      mono-stereo

                      No he definitely isn’t, he’s as straight as a die. I don’t know the time frames or the exact amount . I hadn’t seen him in 3 ½ years, someone else told me about it prior and I just brought it up when I went round to see him. Didn’t give him a Spanish inquisition just said ’what’s this about I heard you made a lot of cash and had a mare?' He confirmed and said at one point they were up to 750k. Can’t tell you anymore than that or the exact amount put in other than they were holding out for much much more but he’s definitely not making it up.
                      What I do know is it was the other guy who is the brains behind it as such 😆 Not very good ones either by the looks. Or maybe he is but just fucking greedy as previously stated and that this is what those types of cunts do.

                        Smallman1 “ signed away some of the ownership of the coins as part of the funding process”

                        Lol.. spending millions he does not even own? Lol

                        Forget it buddy.. you fucked up and fucked yourself. Live and learn from that mistake.

                          He’s had a right old reg hasn’t he!

                          Millsy For you maybe, that would only just about get me out of my coke-hole

                              12 days later

                              Worth the wait on shib, back of the net.

                              I still have 2.5 million Shiba down the back of the sofa (got rid of the 10m I could at the time).

                              Am I rich?

                              What does one use a shiba for?

                              And I reckon you’ve got enough to buy a round in a london pub Dutchy.

                                Buying a round in a London pub

                                Edit - £29.83 would be lucky to get 5 drinks in with that

                                I sold my profit to my gbp wallet, but crypto.com is a bollocks to withdraw to bank. So i applied for the free midnight blue cro visa debit card. Its well worth getting and using this is the future and obviously shows the use of crypto as you get 1% back in cro on every purchase.

                                  mono-stereo you can send your crypto to gbp wallet then top up the card then, so all the exchange is already done. I see how I get on when it comes and check back, handy for paying for fuel and stuff.

                                      Funky Yes but what currency does the card use for transactions? ie when you use it in a shop, which type of currency is sent to the merchant’s bank?