Bitcoin Soars Towards $13,000

[USAFRet]

Bitcoin loses nearly half its value in $200 billion wipe-out
Dec 23:
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11965200

 

[AnonymousAndy]

Bitcoin loses nearly half its value in $200 billion wipe-out
Dec 23:
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11965200

And already back up 😛
Buy on red, sell on green.

 

[nitrium]

Bitcoin loses nearly half its value in $200 billion wipe-out
Dec 23:
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11965200

And already back up 😛
Buy on red, sell on green.

That formula will keep working right up until it doesn't. When this house of cards collapses someone has to be the bagholder, and you don't want to be that guy. Remember, if you don't know who the sucker is when gambling, then it's probably you.

 

[AnonymousAndy]

Bitcoin loses nearly half its value in $200 billion wipe-out
Dec 23:
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11965200

And already back up 😛
Buy on red, sell on green.

That formula will keep working right up until it doesn't. When this house of cards collapses someone has to be the bagholder, and you don't want to be that guy. Remember, if you don't know who the sucker is when gambling, then it's probably you.

Same with the USD, banks, stock market, government, etc. Whats your point?

 

[nitrium]

Same with the USD, banks, stock market, government, etc. Whats your point?

Just a piece of advice for those too young to know about how these periods of market euphoria rise and then inevitably collapse. For those already up to their eyeballs in crypto's (and stocks for that matter), sell enough so that you've only invested profit. That way at least you won't lose what you went in with (i.e your worst case scenario is that you break even). For those contemplating getting in now, I'd personally stay well clear unless you're fully prepared to lose what you're "investing".

 

[shrapnel_indie]

Same with the USD, banks, stock market, government, etc. Whats your point?

Just a piece of advice for those too young to know about how these periods of market euphoria rise and then inevitably collapse. For those already up to their eyeballs in crypto's (and stocks for that matter), sell enough so that you've only invested profit. That way at least you won't lose what you went in with (i.e your worst case scenario is that you break even). For those contemplating getting in now, I'd personally stay well clear unless you're fully prepared to lose what you're "investing".

When it comes to stocks, there is more to it. Sometimes riding out the crash is the way to go, IBM stock in the Great Depression almost a century to go is a good example. Sometimes dumping it fast is the way, look back on Enron.

With gambling, its best not to gamble with more than you can afford to lose. With Stocks, if you plan it right, have diverse enough stocks, etc, you can weather things out better, AND come out with a good retirement egg.

Cryptocurrency is still a bit different from both. It has some of both of those elements, and also has the elements of competing standards and acceptance rates to deal with. Yeah, its best if you can pull out your initial investment as soon as you can (like in gambling) to create a guaranteed no-loss scenario, but like stocks, sometimes its better to weather out drops in value. So, play it safe or as aggressive as you want, as long as you accept the results.