Anyone Into Digital Currency?

[PorkChopSandwiches]

In the last hour the 4 coins on coinbase have rose between 8% and 18%

[PorkChopSandwiches]

[Godfather]

I think we might get another dip here this week, but for now my portfolio has recovered up 70% from the very lowest it hit this week, and only down about 30% from its all-time-high.

Stellar has recovered very nicely.

[DemonGeminiX]

https://www.reuters.com/article/us-s...-idUSKBN1F706T

South Korea is talking about shutting down the exchanges and everyone in the world is talking about regulation. Expect it all to fall further.

[PorkChopSandwiches]

Nobody gave a shit about his statement, the dip is due to a rumor South Korea was going to crackdown, that country is a major player in crypto

http://www.latimes.com/business/la-f...116-story.html

https://www.reuters.com/article/us-s...-idUSKBN1F706T

South Korea is talking about shutting down the exchanges and everyone in the world is talking about regulation. Expect it all to fall further.

That's what I said, but instead all the higher ups dump their crypto, made their announcement and bought it back on the low. The majors are already up between 16%-25% today again. I know you like to hate, but you have been consistently incorrect

[Muddy]

ohhh boy. there it is..

[DemonGeminiX]

I'm not hating. I'm just sayin'... keep a close eye on this. This is a highly speculative market and it could go south fast.

[Muddy]

Honestly from what I see, the whole thing is very volatile..

But ! If you do what GF did and pull out your original investment and are just playing with the winnings, what do you have to lose?

[DemonGeminiX]

In GF's case, I guess not a lot. But it doesn't seem like Porky's doing the same thing.

With respect to the investor who's just sinking money in and riding the wave, a lot, if you're not watching. Sometimes shit falls and never rebounds. Some stocks that are flying high, trading at $100/share one minute, can tank and end up trading at below $1 for the next 10 years. Everything about financial markets is about investor psychology... nothing more. Any little thing can spook shareholders and make them go running for the hills, and the respective investment will tank and everybody left holding the bag will get screwed. Sometimes they'll never buy back into it. So yes, pay attention to the news, pay attention to the charts. Don't be so overconfident about it. Be careful.

Sure, buy the dip, when you know the company and it's security is solid. They'll most assuredly rebound. These alt-currencies aren't the same thing. This is an untested market. We don't know what kind of longevity it has. This market could blow up and be gone tomorrow.

[PorkChopSandwiches]

I have put in $3600 and have spent probably 2k in crypto so I'm really only in for $1600. Trust me, i'm not playing with more than I can afford to lose. Of course I dont want to lose any , but im up over triple at this point, and before this week it was quadruple . Its climbing back up. We all know it volatile ...but that makes it fun

[Muddy]

I have put in $3600 and have spent probably 2k in crypto so I'm really only in for $1600. Trust me, i'm not playing with more than I can afford to lose. Of course I dont want to lose any , but im up over triple at this point, and before this week it was quadruple . Its climbing back up. We all know it volatile ...but that makes it fun

Send me a shotgun purchased with crypto or GTFO.

[PorkChopSandwiches]

I still had to transfer them through the gun store. You know CA needs to babysit everything you do

[Muddy]

A database so they can come pick up all the shit you have bought when it crumbles..

[Hal-9000]

In GF's case, I guess not a lot. But it doesn't seem like Porky's doing the same thing.

With respect to the investor who's just sinking money in and riding the wave, a lot, if you're not watching. Sometimes shit falls and never rebounds. Some stocks that are flying high, trading at $100/share one minute, can tank and end up trading at below $1 for the next 10 years. Everything about financial markets is about investor psychology... nothing more. Any little thing can spook shareholders and make them go running for the hills, and the respective investment will tank and everybody left holding the bag will get screwed. Sometimes they'll never buy back into it. So yes, pay attention to the news, pay attention to the charts. Don't be so overconfident about it. Be careful.

Sure, buy the dip, when you know the company and it's security is solid. They'll most assuredly rebound. These alt-currencies aren't the same thing. This is an untested market. We don't know what kind of longevity it has. This market could blow up and be gone tomorrow.

This is why I won't attempt this. Besides not having a job and not understanding it well enough.

I spent years putting a little money into a 'conservative' mutual fund, only to see the thing tank over 15 years. Me, like thousands of other people who bought mutual funds, never recouped the original investment. And when you cash them out, get ready to get raped for 15, 20 or 30% in taxes (in Canada).

Looking back in hindsight, I could have made a guaranteed 3-5% on that same money if I put it in one basic savings plan that stepped up the interest return based on time left in terms of years.

Mutual funds....never again.

[Godfather]

Mutual funds are sort of dead to me. I much prefer ETFs for safe holdings and easy buying of clumps of stock you're interested in. They have much lower fees, and are easier and more transparent to review. Plus even high interest savings accounts sort of a joke right now, interest rates are insultingly low even if you have $100k in straight cash to offer the bank.

I'm fond of iShares ETF's. A good basic one that just holds most of the major companies in Canada is the iShares S&P/TSX 60 - the 5-year chart on it is pretty good. Just google XIU stock and look at the 5-year trend. The iShares Select Dividend is good too, symbol is XDV. Easy to buy through RBC Direct Investing.