Bitcoin advice

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Bang Outta Order
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#1
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#1
Yes please.
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znne56yu7
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#2
Report 4 months ago
#2
buy high sell low
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Mr. Petrol Head
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#3
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#3
(Original post by znne56yu7)
buy high sell low
Isn't it supposed to be the other way around
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hungrysalamander
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#4
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#4
Don't listen to concernedLMAO
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concernedLMAO
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#5
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#5
(Original post by hungrysalamander)
Don't listen to concernedLMAO
How much money you got?
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concernedLMAO
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#6
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#6
I’ve been in the crypto game for a few years and while I’m down from my peak I can buy a couple houses cash if I wanted to.

1. Stick to Bitcoin and ethereum. Do not bother with shitcoins
2. Don’t try and trade. Just buy and hold. It’s extremely hard to do better than holding cause of tax.
3. It can be incredibly stressful watching the value of your investments plummet, especially when the gains/losses are far higher than can be made up from working a job. Try. To detach yourself from looking at them constantly and remember why you bought them in the first place. This is probably the hardest part, when I was making and losing 10k a day as a teenager it was ripping me apart and I feel like this is the main thing people struggle with.
4. As to when to buy, only you can decide. There is a fairly good chance of it going down over the next few years imo.
5. With Bitcoin it has cycles of about 4 years. Google the halving for more info.
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hungrysalamander
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#7
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#7
(Original post by concernedLMAO)
How much money you got?
How much would you expect an 18 year old to have?
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JVM2020
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#8
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#8
isn't Bitcoin some sort of gambling activity?

they used to send me spam.
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North London1
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#9
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#9
(Original post by concernedLMAO)
I’ve been in the crypto game for a few years and while I’m down from my peak I can buy a couple houses cash if I wanted to.

1. Stick to Bitcoin and ethereum. Do not bother with shitcoins
2. Don’t try and trade. Just buy and hold. It’s extremely hard to do better than holding cause of tax.
3. It can be incredibly stressful watching the value of your investments plummet, especially when the gains/losses are far higher than can be made up from working a job. Try. To detach yourself from looking at them constantly and remember why you bought them in the first place. This is probably the hardest part, when I was making and losing 10k a day as a teenager it was ripping me apart and I feel like this is the main thing people struggle with.
4. As to when to buy, only you can decide. There is a fairly good chance of it going down over the next few years imo.
5. With Bitcoin it has cycles of about 4 years. Google the halving for more info.
Don't most people think that these cycles are shortening now though? The last 12 months has been different as more people adopt.
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concernedLMAO
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#10
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#10
(Original post by North London1)
Don't most people think that these cycles are shortening now though? The last 12 months has been different as more people adopt.
I don’t think so at least for bitcoin. Still see it as being based on scarcity from the 4 yearly halving
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concernedLMAO
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#11
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#11
(Original post by hungrysalamander)
How much would you expect an 18 year old to have?
More than you buddy
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Quady
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#12
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#12
(Original post by concernedLMAO)
There is a fairly good chance of it going down over the next few years imo.
You supposed to be bitcoin bro! No speaking dis way!

It's going to da moon in 2022!
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Muttley79
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#13
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#13
(Original post by Bang Outta Order)
Yes please.
TSR is not the place to get 'expert' advice on this.
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Quady
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#14
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#14
(Original post by Muttley79)
TSR is not the place to get 'expert' advice on this.
As good a place as any imho
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yeet_21
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#15
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#15
(Original post by concernedLMAO)
I’ve been in the crypto game for a few years and while I’m down from my peak I can buy a couple houses cash if I wanted to.

1. Stick to Bitcoin and ethereum. Do not bother with shitcoins
2. Don’t try and trade. Just buy and hold. It’s extremely hard to do better than holding cause of tax.
3. It can be incredibly stressful watching the value of your investments plummet, especially when the gains/losses are far higher than can be made up from working a job. Try. To detach yourself from looking at them constantly and remember why you bought them in the first place. This is probably the hardest part, when I was making and losing 10k a day as a teenager it was ripping me apart and I feel like this is the main thing people struggle with.
4. As to when to buy, only you can decide. There is a fairly good chance of it going down over the next few years imo.
5. With Bitcoin it has cycles of about 4 years. Google the halving for more info.
-30 % BTC and -40% Eth wow the loses in the last month must be sickening
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rayshow053
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#16
Report 3 months ago
#16
I bought Bitcoin at $9K and sold 9 months later at $12K, about a 45% annual return. One month after I sold, it skyrocketed to $40K IIRC, so I had a lot of seller's regret.

Buying it now if you can get it at low 30's, might be a good investment. If big countries don't move to outlaw it, it should maintain value and probably hit 40K or 50K within the next year or two. It would be a good decision to create your own crypto exchange now - this software Soft-FX can be helpful

Although ETH dropped more recently, so that might be the better alternative.
Last edited by rayshow053; 3 months ago
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Quady
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#17
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#17
(Original post by rayshow053)
I bought Bitcoin at $9K and sold 9 months later at $12K, about a 45% annual return. One month after I sold, it skyrocketed to $40K IIRC, so I had a lot of seller's regret.

Buying in now if you can get it at low 30's, might be a good investment. If big countries don't move to outlaw it, it should maintain value and probably hit 40K or 50K within the next year or two.

Although ETH dropped more recently, so that might be the better alternative.
Have you bought back in?
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concernedLMAO
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#18
Report 3 months ago
#18
(Original post by rayshow053)
I bought Bitcoin at $9K and sold 9 months later at $12K, about a 45% annual return. One month after I sold, it skyrocketed to $40K IIRC, so I had a lot of seller's regret.

Buying in now if you can get it at low 30's, might be a good investment. If big countries don't move to outlaw it, it should maintain value and probably hit 40K or 50K within the next year or two.

Although ETH dropped more recently, so that might be the better alternative.
Yep, this is why you don't trade. Once you cross £100k it's very easy to get destroyed by taxes as well making trading go from hard to borderline impossible.
Last edited by concernedLMAO; 3 months ago
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Quady
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#19
Report 3 months ago
#19
(Original post by concernedLMAO)
Yep, this is why you don't trade. Once you cross £100k it's very easy to get destroyed by taxes as well making trading go from hard to borderline impossible.
Why would one trade bitcoin when you can just invest by buying and holding to make way more profits?
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Napp
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#20
Report 3 months ago
#20
(Original post by JVM2020)
isn't Bitcoin some sort of gambling activity?

they used to send me spam.
Bitcoin isnt a person or an entity, 'they' cant send anything..?
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