good point. guess as i’m obviously very new to it all in general, my questions are more probably annoying to most than helpful, as it’s more a case of just wanting to see if i have the general right understanding of what’s going on.
I reckon you’re over-thinking it.
Buy coins. Watch price.
Once you wanna start moving them around and using wallets it can be a bit fiddly, but again it’s not difficult and you’re not there yet anyway.
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So what do you people think about the current situation?
My thoughts were succinctly encapsulated during Charlie Munger’s speech to the University of Michigan, which was given about 3 weeks ago and is available on YouTube. If you’re like the vast majority of people insofar as you don’t enjoy hearing opinions contrary to your own (especially highly rational and cogent ones), and you like crypto currencies, best you avoid Charlie’s thoughts.
I’m no chartist, but each bitcoin high is lower than the last. A fair bit of negatitivity to scare new people from joining the market which for mine puts a limit on the highs, for a bubble to be maintained you need new money rushing a market. If it does push up watch for a dead cat bounce.
South Korea scared people I think.
Scared people do stupid things. Scared people don’t sell everything to go into cryptos.
I am still ahead in my crypto but my profit margin is down by 5K AUD in this period. I have not sold anything I have actually purchased more. HODL! HODL! HODL!
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i overthink everything haha, it’s apart of my curse.
I’m jumping from ico’s, to youtube channels, to here, to reddit, to different exchanges haha
I’m literally spiking and falling like an alt coin in my belief that I have gotten the knowledge of what’s going on, to having NFI, what i’m talking about. haha
welcome to my head 
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I don’t know enough about Cryptos to know if this is the case, but if people are trading on Margin loans, watch the fun start once the finance people start calling on these when a big drop occurs. Because people don’t have the cash or won’t throw good money after bad the finance people sell the security into a falling market, increasing the losses of both the market and the person concerned.
I highly doubt banks offer margin loans on cryptos. They don’t offer them on speculative stocks only blue chip companies. Way, way to much risk for a bank.
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Agree. No margin lender in this country would offer it and I doubt globally
Some might, remember the GFC?
I didn’t say banks persay. There are plenty of other finance type people looking to make a few bucks out of this. A quick google check shows a number of ‘margin’ products avaliable.
Remember the finance people don’t just take the security, they also take security over other assets (say your house for example) to secure against any losses. They ensure that they don’t lose.
Wall Street looking to do futures with BTC.
What’s the rationale for investing now?
Every major coin is down 20-50% in the last few weeks.
You could put money down but what’s the rationale behind it given everything is trending down. It can pay off to double down when a market is weak or unloved, but atm I’ve never seen so much talk around crypto. It’s everehere. So right when it’s at its most visible every coin is trending down.
Makes little sense to me(the buying now bit not altogether).
FYI if someone wants to watch the GFC happen again, albeit on a smaller scale, have a good look at the loans the US carmakers are offering to low income earners.
Whether this is valuable or even useful advice I cannot say.
Those who do not learn from history…
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I’m processing all your transactions!
At the ato? Devious bugger
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