Bad Crypto Investing Advice

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Furious
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Re: Bad Crypto Investing Advice

Post by Furious »

Maeve wrote: Fri Jan 29, 2021 3:27 pm So, when it gets like that, do you sell it? Do you hold out for just a wee bitty longer? Just keep it forever?

This is why I would be bad at this. I wouldn’t know when to sell it and when to keep it.
it takes experience to know when to walk out of the casino when you're ahead. Worst thing that happens is that i lose a small bit of money. The dumbest risk I take is lottery tickets.
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Ophelia's Vengeance
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Re: Bad Crypto Investing Advice

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Furious wrote: Fri Jan 29, 2021 9:52 am Bitcoin just jumped $6000 in 1 hour


86981086-jimcarrydance5fh10vg.gif
Oh wow.
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Maeve
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Re: Bad Crypto Investing Advice

Post by Maeve »

Furious wrote: Fri Jan 29, 2021 4:48 pm
Maeve wrote: Fri Jan 29, 2021 3:27 pm So, when it gets like that, do you sell it? Do you hold out for just a wee bitty longer? Just keep it forever?

This is why I would be bad at this. I wouldn’t know when to sell it and when to keep it.
it takes experience to know when to walk out of the casino when you're ahead. Worst thing that happens is that i lose a small bit of money. The dumbest risk I take is lottery tickets.
I’ll stick with lottery tickets! And, well, playing bingo, although I never get to do that anymore.

I am annoyed because PA lottery has a thing where you can pay and play online. And I set up an account way back , but never added funds. So, when the mega millions and powerball were huge, but I was sick, I was all, yay! I can buy tickets!

But it refuses to actually add any money to my account! Keeps telling me that the limit is set, but won’t tell me how to change it. And so I am annoyed, because I like lottery tickets, and would happily not be forced to go to the grocery store and deal with people, or to walmart, where the people-less kiosk is, but... it’s all people-y in walmart, so I hate going there.
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Furious
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Re: Bad Crypto Investing Advice

Post by Furious »

Ophelia's Vengeance wrote: Fri Jan 29, 2021 6:05 pm
Furious wrote: Fri Jan 29, 2021 9:52 am Bitcoin just jumped $6000 in 1 hour


86981086-jimcarrydance5fh10vg.gif
Oh wow.
Mr. Tesla is showing his support for crypto so the price swings will be even more bonkers.

I don't do it, but be VERY careful when swing trading crypto. People lose it all or algorithms/stop losses tend to kick you out of the market as the crypto gets resold and goes up again. Like 2AM this morning; if you had a BTC stop loss at 32199, bots would have auto sold your BTC, someone else immediately would have purchased it, and then the crypto rose to 38500 (and then they re-sold it, hence the price drop again) all while you were sleeping, forcing you to buy it back at the current price of 35000. SO SIT TIGHT AND HODL.

If the Bitcoin price moons to it's projected 100-140k this summer, I'll probably hit the sell button and sit out until the Crash of Doom occurs.

Also, I checked out the ATM by me where I can buy Bitcoin. You need to use a LibertyX phone app (and I didn't feel like setting it up so I didn't do it). Still... if you could throw pocket change into the ATM once a week...
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Furious
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Re: Bad Crypto Investing Advice

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Maeve wrote: Fri Jan 29, 2021 10:01 pm I’ll stick with lottery tickets! And, well, playing bingo, although I never get to do that anymore.
I like bar bingo! You get buzzed and it's okay to scream when you win ten bucks!
Maeve wrote: Fri Jan 29, 2021 10:01 pm I am annoyed because PA lottery has a thing where you can pay and play online. And I set up an account way back , but never added funds. So, when the mega millions and powerball were huge, but I was sick, I was all, yay! I can buy tickets!
Nebraska doesn't have that OR Minnesota's the nice scratch-off/lottery ticket vending machines, so when you play, you REALLY want to have to play, because... damn, those people in line and the cashiers...

"10 Powerball tickets please."
"Powerball or Megamillions?"
"10 Powerball tickets please."
"10 dollars or 10 tickets?"
"10 Powerball tickets please."
"They cost $2 each."
"I know. $20 worth of Powerball tickets, please."
"That's 10 tickets."
"Yes."
"10 different plays or all the same numbers?"
"WHY WOULD I-... 10 different Powerball ticket plays, please."
"All on the same ticket or on different tickets?"
"WHO FRIGGIN CARES GIMMEE THE DAMN TICKETS!"
*cashier gives you 10 tickets and charges you $10*
...
"Thank you ma'am."
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Ophelia's Vengeance
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Re: Bad Crypto Investing Advice

Post by Ophelia's Vengeance »

Furious wrote: Fri Jan 29, 2021 10:17 pm
Mr. Tesla is showing his support for crypto so the price swings will be even more bonkers.

I don't do it, but be VERY careful when swing trading crypto. People lose it all or algorithms/stop losses tend to kick you out of the market as the crypto gets resold and goes up again. Like 2AM this morning; if you had a BTC stop loss at 32199, bots would have auto sold your BTC, someone else immediately would have purchased it, and then the crypto rose to 38500 (and then they re-sold it, hence the price drop again) all while you were sleeping, forcing you to buy it back at the current price of 35000. SO SIT TIGHT AND HODL.
Diamond hands then.
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Furious
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Re: Bad Crypto Investing Advice

Post by Furious »

You feel like this
3.png
3.png (185.21 KiB) Viewed 11152 times


But its actually this
ptlnhsnfqsl21.jpg
ptlnhsnfqsl21.jpg (89.6 KiB) Viewed 11152 times
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Ophelia's Vengeance
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Re: Bad Crypto Investing Advice

Post by Ophelia's Vengeance »

That looks a lot like my D&D campaign's last adventure.
the band was altogether, yes he was alright, the song went on forever
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Furious
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Re: Bad Crypto Investing Advice

Post by Furious »

Ophelia's Vengeance wrote: Sun Jan 31, 2021 7:13 pm That looks a lot like my D&D campaign's last adventure.
"The water starts getting rough and twisting the ship around."

"I jump into the chocolate and try to get the anchor to drop."

"Why would you jump in to do that and that's not chocolate! Lose five hit points jumping into Lake Poo and for not rolling for perception and sniffing the air first."
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Ophelia's Vengeance
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Re: Bad Crypto Investing Advice

Post by Ophelia's Vengeance »

Furious wrote: Sun Jan 31, 2021 9:21 pm
Ophelia's Vengeance wrote: Sun Jan 31, 2021 7:13 pm That looks a lot like my D&D campaign's last adventure.
"The water starts getting rough and twisting the ship around."

"I jump into the chocolate and try to get the anchor to drop."

"Why would you jump in to do that and that's not chocolate! Lose five hit points jumping into Lake Poo and for not rolling for perception and sniffing the air first."
You could do an arcana check whilst in said poo to see if it is, say magical poo.
the band was altogether, yes he was alright, the song went on forever
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