iRV2 Forums

iRV2 Forums (https://www.irv2.com/forums/)
-   Just Conversation (https://www.irv2.com/forums/f64/)
-   -   Bitcoin - anyone buying? (https://www.irv2.com/forums/f64/bitcoin-anyone-buying-533817.html)

PS56 04-22-2021 05:31 PM

Bitcoin - anyone buying?
 
There has been a lot of talk about bitcoin in the news lately - new ETFs, mostly in other countries. And companies are adding it to their balance sheets.

I've been buying a little Bitcoin, Bitcoin Cash and Etherium. As of today; I'm flat. I may put about 1% of my investment money into it. I'm 1/3 of the way there and holding as it took a hit today.

If people here are buying I would say it is becoming a real investment.

nbluesky 04-22-2021 05:46 PM

I have been investing in crypto for the last 4 years. I sold most of it on the last rally in 2017 and made good money but unfortunately did not re-up my position as heavily before the current rally. I sold most my holdings again after BTC crossed $60k. I would not recommend buying now. Wait till the next major correction, then buy buy buy! :thumb:

PS56 04-22-2021 05:49 PM

Quote:

Originally Posted by nbluesky (Post 5723069)
I have been investing in crypto for the last 4 years. I sold most of it on the last rally in 2017 and made good money but unfortunately did not re-up my position as heavily before the current rally. I sold most my holdings again after BTC crossed $60k. I would not recommend buying now. Wait till the next major correction, then buy buy buy! :thumb:

4 years you must be knowledgeable. Do you have a number for the bottom of that major correction?

I have 1/4 of a bitcoin.

I"m using Robinhood and it is working well.

nbluesky 04-22-2021 06:02 PM

I would be looking for the next bear market. It will be a long (2-3 year) play but I will start buying again below $40k. I want to see a 30-50% correction from all time high of $65k. I also would say to look into other coins. Its a total wild west out there. It's anyone's guess but that is my opinion. Good luck and have fun!

PS56 04-22-2021 06:08 PM

Quote:

Originally Posted by nbluesky (Post 5723095)
I would be looking for the next bear market. It will be a long (2-3 year) play but I will start buying again below $40k. I want to see a 30-50% correction from all time high of $65k. I also would say to look into other coins. Its a total wild west out there. It's anyone's guess but that is my opinion. Good luck and have fun!

You're right it is a nuts market with extreme leverage; which I think some got washed out. If the stock market get hit it could get to your level fast.


Good luck.

HopsBrewster 04-23-2021 08:05 AM

buy the dips, sell the peaks

PS56 04-23-2021 11:11 AM

Quote:

Originally Posted by HopsBrewster (Post 5723706)
buy the dips, sell the peaks

What I noticed with Bitcoin is that you buy overnight and sell during the day.

trapper2020 04-24-2021 08:51 AM

I guess Iím getting old. I watch the market and canít get comfortable with the wild swings in Bitcoin. Just not comfortable so I watch. If it works for you great. Safe travels


Enjoy the journey

xrated 04-24-2021 08:58 AM

I have some Ethereum that I bought less than a year ago....around $240. It's down a bit right now, but topped out a few days ago at over $2500. I'm just hanging on to it as of right now, as I believe it will go much higher over some time.

PS56 04-24-2021 10:50 AM

Quote:

Originally Posted by xrated (Post 5725008)
I have some Ethereum that I bought less than a year ago....around $240. It's down a bit right now, but topped out a few days ago at over $2500. I'm just hanging on to it as of right now, as I believe it will go much higher over some time.

I understand that they are reducing the supply of that coin and the transaction system is a good one.

nbluesky 04-25-2021 08:22 AM

Quote:

Originally Posted by xrated (Post 5725008)
I have some Ethereum that I bought less than a year ago....around $240. It's down a bit right now, but topped out a few days ago at over $2500. I'm just hanging on to it as of right now, as I believe it will go much higher over some time.


Nothing like 10x on your investment! Crypto is wild as heck but wow the gains you can realize is insane. I have many friends who have cashed some pretty insane profits but you definitely need a strong stomach and DO NOT invest more than you can afford to lose.

Gammel 04-25-2021 11:31 PM

Bitcoin - anyone buying?

You bet! Soon as I have a stroke. It's not investing - it's gambling.

nbluesky 04-26-2021 06:21 AM

Quote:

Originally Posted by Gammel (Post 5727316)
Bitcoin - anyone buying?

You bet! Soon as I have a stroke. It's not investing - it's gambling.

Can't win if you don't play :cool:

Craig1960 04-26-2021 06:50 AM

I saw a bitcoin mining machine for sale, how do they work?


All times are GMT -6. The time now is 07:48 AM.

Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2021, vBulletin Solutions, Inc.