abdcskins Posted May 17, 2021 Share Posted May 17, 2021 (edited) If ETH goes below $3,000 I'm getting back in. It's at $3,299.12 currently. Looks like I should have gotten on it, cuz now it is up to $3,550. What crazy swings, plus it never stops cuz the "market" is always open. Edited May 17, 2021 by abdcskins Link to comment Share on other sites More sharing options...
Hersh Posted May 17, 2021 Share Posted May 17, 2021 8 hours ago, abdcskins said: If ETH goes below $3,000 I'm getting back in. It's at $3,299.12 currently. Looks like I should have gotten on it, cuz now it is up to $3,550. What crazy swings, plus it never stops cuz the "market" is always open. the market is always open is a tough aspect to this investing. 1 Link to comment Share on other sites More sharing options...
Corcaigh Posted May 17, 2021 Share Posted May 17, 2021 44 minutes ago, Hersh said: the market is always open is a tough aspect to this investing. Short-term speculation, not investing. 5 Link to comment Share on other sites More sharing options...
tshile Posted May 17, 2021 Share Posted May 17, 2021 Gas fees also go crazy with eth. Hopping in and out with the swings isn’t necessarily a great move. Just depends on the gas fees. and those fees were super high for a solid week. So I wouldn’t be surprised if part of the increased volatility was due to people just waiting for the fees to go down to make moves. id love to buy the dip on it but I’m sorta maxed out on money I want to put into crypto 😂 1 Link to comment Share on other sites More sharing options...
techboy Posted May 17, 2021 Share Posted May 17, 2021 2 hours ago, Corcaigh said: Short-term speculation, not investing. It's gambling, really. I'd be very interested in a study being done that attempts to look at any connections between a rise in this activity and casinos being closed during the pandemic. 4 Link to comment Share on other sites More sharing options...
Ball Security Posted May 17, 2021 Share Posted May 17, 2021 43 minutes ago, techboy said: It's gambling, really. I'd be very interested in a study being done that attempts to look at any connections between a rise in this activity and casinos being closed during the pandemic. While casinos were closed, online gambling has risen. At least with sports gambling with DK, FD, etc. So while the brick and mortar places went into hiatus, more than crypto speculation filled the void. 1 Link to comment Share on other sites More sharing options...
PartyPosse Posted May 17, 2021 Share Posted May 17, 2021 My portfolio has dropped 21% in the last 4 days. I hate Elon Musk. No one should hold that much influence on any market, let alone one as greedy and eccentric as him. On 5/13/2021 at 4:16 AM, Hersh said: One is currently not permitted to buy or sell on ripple on Coinbase. Only hold whatever you have. Go to Crypto.com 1 2 Link to comment Share on other sites More sharing options...
Hersh Posted May 17, 2021 Share Posted May 17, 2021 25 minutes ago, PartyPosse said: My portfolio has dropped 21% in the last 4 days. I hate Elon Musk. No one should hold that much influence on any market, let alone one as greedy and eccentric as him. Go to Crypto.com Elon only has that much power because his fanboys give him that power. 1 Link to comment Share on other sites More sharing options...
PartyPosse Posted May 17, 2021 Share Posted May 17, 2021 4 minutes ago, Hersh said: Elon only has that much power because his fanboys give him that power. I mean all Crypto have unfortunately been dictated by guerilla movements, but what he's done with Doge and Bit is atrocious. How he's not investigated for his actions over the last couple of months, especially with BTC is mindboggling. I know people on the exchange that got a lifetime ban for pumping and dumping without having anything remotely close to the level of power he has. Link to comment Share on other sites More sharing options...
Hersh Posted May 17, 2021 Share Posted May 17, 2021 7 minutes ago, PartyPosse said: I mean all Crypto have unfortunately been dictated by guerilla movements, but what he's done with Doge and Bit is atrocious. How he's not investigated for his actions over the last couple of months, especially with BTC is mindboggling. I know people on the exchange that got a lifetime ban for pumping and dumping without having anything remotely close to the level of power he has. Completely agree about market manipulation. It's absurd. Link to comment Share on other sites More sharing options...
PartyPosse Posted May 17, 2021 Share Posted May 17, 2021 2 minutes ago, Hersh said: Completely agree about market manipulation. It's absurd. HE can literally stock up on anything; Safemoon, Tron, Iota... put out a couple of tweets, wait a week and sell it all at double the price citing environmental concerns etc etc leaving all his followers scrambling to break even. It's like a Cult. Link to comment Share on other sites More sharing options...
tshile Posted May 17, 2021 Share Posted May 17, 2021 Yup gotta figure out how to ride the musk waves Link to comment Share on other sites More sharing options...
PartyPosse Posted May 17, 2021 Share Posted May 17, 2021 2 minutes ago, tshile said: Yup gotta figure out how to ride the musk waves Well, I bought the first dip after he announced Tesla would no longer be accepting, but then the second crash happened after it was reported he sold the remainder of his holdings. Those transaction fees almost don't make it worth it unless you're 100% confident the slide will continue and then you have to figure if the slide and dip rebuy offsets the fees. 1 Link to comment Share on other sites More sharing options...
tshile Posted May 17, 2021 Share Posted May 17, 2021 Well first test to stop at 40 held but now it’s gotta double bottom and retest fingers crossed how low can you go i said how low can you go Link to comment Share on other sites More sharing options...
DCSaints_fan Posted May 17, 2021 Share Posted May 17, 2021 6 hours ago, Corcaigh said: Short-term speculation, not investing. Define short term Link to comment Share on other sites More sharing options...
PartyPosse Posted May 17, 2021 Share Posted May 17, 2021 I don’t think it’s a bad thing to invest right now. It may go lower but at some point it will go back up. It depends on how greedy you want to be. Link to comment Share on other sites More sharing options...
Hersh Posted May 17, 2021 Share Posted May 17, 2021 I bought back into MATIC/Polygon and I think I'm going to stay in that for awhile. Also into ETC but I'll continue to look for small gains there and play off the potential pattern of volatility between $80s and $115. Link to comment Share on other sites More sharing options...
PartyPosse Posted May 17, 2021 Share Posted May 17, 2021 22 minutes ago, Hersh said: I bought back into MATIC/Polygon and I think I'm going to stay in that for awhile. Also into ETC but I'll continue to look for small gains there and play off the potential pattern of volatility between $80s and $115. Etc and Cardano were the ones that I can proudly say I maximized as best as possible. I got in at 28 and sold at 149. Kept about 5 (out of 45). Just on a whim too. Link to comment Share on other sites More sharing options...
Corcaigh Posted May 17, 2021 Share Posted May 17, 2021 1 hour ago, DCSaints_fan said: Define short term Well … the IRS defines ‘short-term’ as less than a year. They appear to have authority on the subject. Link to comment Share on other sites More sharing options...
tshile Posted May 17, 2021 Share Posted May 17, 2021 1 hour ago, PartyPosse said: I don’t think it’s a bad thing to invest right now. It may go lower but at some point it will go back up. It depends on how greedy you want to be. Also depends on what your time allocation allows.... it’s a 24/7 market and you can spend all day watching for the right spot. I try to avoid making moves during extreme daily volatility and try to make moves during calmer times. Mostly because if I do it the other way, no matter how happy I am with a move it looks like garbage in 2 hours and then it consumes my time. rather just try to make good decisions about individual tokens and just keep an eye on the bigger strategy which is to plan on existing in September which is based on nothing of substance 😂 1 Link to comment Share on other sites More sharing options...
PartyPosse Posted May 17, 2021 Share Posted May 17, 2021 43 minutes ago, tshile said: Also depends on what your time allocation allows.... it’s a 24/7 market and you can spend all day watching for the right spot. I try to avoid making moves during extreme daily volatility and try to make moves during calmer times. Mostly because if I do it the other way, no matter how happy I am with a move it looks like garbage in 2 hours and then it consumes my time. rather just try to make good decisions about individual tokens and just keep an eye on the bigger strategy which is to plan on existing in September which is based on nothing of substance 😂 It’s a longer-term expectation. Things are low now but I expect they’ll steadily climb back to and exceed what it was In a few weeks. That’s the way the last few crashes have been. Mind you, the others were mostly caused by mass sell-offs and not anything substantial (like idiot Elon manipulating its use). Link to comment Share on other sites More sharing options...
abdcskins Posted May 19, 2021 Share Posted May 19, 2021 Ethereum currently at $2,934 as I type. Very tempting...let's see if it goes lower. I may regret it but I'm gonna wait. Link to comment Share on other sites More sharing options...
PartyPosse Posted May 19, 2021 Share Posted May 19, 2021 9 minutes ago, abdcskins said: Ethereum currently at $2,934 as I type. Very tempting...let's see if it goes lower. I may regret it but I'm gonna wait. Expect it to go lower. The China announcement is a killer 1 Link to comment Share on other sites More sharing options...
Fergasun Posted May 19, 2021 Share Posted May 19, 2021 How do you guys buy crypto? Dogecoin or Ethereum? Can you use a brokerage? Link to comment Share on other sites More sharing options...
abdcskins Posted May 19, 2021 Share Posted May 19, 2021 1 minute ago, Fergasun said: How do you guys buy crypto? Dogecoin or Ethereum? Can you use a brokerage? I am a pure amateur, so someone else could probably guide you better, but as far as I know there are only several sites where you can buy cryptocurrency. I use Coinbase. I have seen advertisement for eToro, that seems like a popular one too. I have seen all the chatter about Dogecoin but have not invested. I just checked the price - .41. Am I looking at the wrong one or something? All that hype for a crypto that is worth 41 cents? Seems like the all time high is 70 cents. I must be missing something. Link to comment Share on other sites More sharing options...
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