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Cryptocurrency mega-thread

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PP34 said:
Sort of random how do we think a stock market crash would impact on the crypto world?
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Would make for an interesting discussion with those in the know. Could potentially see a lot of money flow across. The crypto market still isn't a drop in the ocean compared with the stock market.
 
Pea Nut said:
If you are analysing charts and actively trading, what Duritz says is bang on, and makes your meme and reply look stupid.
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Go back to the start of this conversation and see how he foolishly contradicts himself to only eventually become half right about something
 

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PP34 said:
Sort of random how do we think a stock market crash would impact on the crypto world?
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If the stock market was to crash, I think you'd see Crypto collapse.

The cause of the stock market collapsing would be linked to the property market, linked to debt levels, linked to unemployment and under-employment, and linked to interest rates.

I don't think it frees up money to be thrown into Crypto, I think it restricts money and causes people to focus on things like, food, shelter, transport.

--granted, I imagine the stereotypical Crypto investor isn't a Mum and Dad investor with 3 kids and a mortgage, I assume they're more typically 25-45 with a disposable income. If that's right, it may cause it to move more independently.

***I have no financial background, so really, have no idea what would happen. Best guess. But I have pondered the same question.
 
superfraser said:
If the stock market was to crash, I think you'd see Crypto collapse.

The cause of the stock market collapsing would be linked to the property market, linked to debt levels, linked to unemployment and under-employment, and linked to interest rates.

I don't think it frees up money to be thrown into Crypto, I think it restricts money and causes people to focus on things like, food, shelter, transport.

--granted, I imagine the stereotypical Crypto investor isn't a Mum and Dad investor with 3 kids and a mortgage, I assume they're more typically 25-45 with a disposable income. If that's right, it may cause it to move more independently.

***I have no financial background, so really, have no idea what would happen. Best guess. But I have pondered the same question.
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Tend to agree, it’s anyones guess but ultimately we are playing a confidence game. With the wild price swings in crypto not enough security in it, it would be no safe haven.
 
maryjames said:
It will go up and down a big way buy eventually it will come. Social media coin of the future for me. Do the homework.
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If Redd hits $1 I'm close to retiring hopefully
 
Jack Gun Cyril Stun said:
Tend to agree, it’s anyones guess but ultimately we are playing a confidence game. With the wild price swings in crypto not enough security in it, it would be no safe haven.
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With more money invested, the more it will stabilise. And once there are clear blue chip investments and actual execution and implementation of tech, the space will be a lot more inviting to new investors. Still a lot of water to go under the bridge before we get to that point though. As has been made evident by this thread, currently the crypto investment market is predominantly made up of tech heads, those looking for get rich quick schemes, and mug punters. It won't stay that way forever.
 
Pea Nut said:
currently the crypto investment market is predominantly made up of tech heads, those looking for get rich quick schemes, and mug punters.
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Well now...i sure as hell aint a tech head...and im a holder looking to not sell anything for at least a year from investing, so not looking for the quick gain...so I'm a mug punter!
Guess I can live with that... :cool:
 
earlsta said:
Load up on VEN.
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100% this. The most underrated crypto by a mile. Huge partnerships. Professional team. Real world purpose.

Invest your money in something that is going to be around in 5 years. ADA has a whitepaper and no working product and is top 10.

If VEN makes it to the top handfull of cryptos well be looking at the $50/$100 range.
 

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Hope everyone held on as it seems to be recovering nicely.

Im holding Tron but once it reaches something decent ill be trading it off. No confidence in that project or vision and honestly id be VERY cautious of this coin.
 
10571z said:
Hope everyone held on as it seems to be recovering nicely.

Im holding Tron but once it reaches something decent ill be trading it off. No confidence in that project or vision and honestly id be VERY cautious of this coin.
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The CEO is a very good promoter, I'll probably look to sell mid to late march after doing some research.
 
10571z said:
100% this. The most underrated crypto by a mile. Huge partnerships. Professional team. Real world purpose.

Invest your money in something that is going to be around in 5 years. ADA has a whitepaper and no working product and is top 10.

If VEN makes it to the top handfull of cryptos well be looking at the $50/$100 range.
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I agree with this...wanted in at $0.20...but didnt have anything spare to jump on when i first cottoned onto it.
I've been waiting for a decent dip and havent had one... its price has put me off recently though..
Hopefully i can make something of it though in the near future.
 
10571z said:
Hope everyone held on as it seems to be recovering nicely.

Im holding Tron but once it reaches something decent ill be trading it off. No confidence in that project or vision and honestly id be VERY cautious of this coin.
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I got rid of it...doubled my initial investment so happy with that.
 

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Ripple has been an absolute bitch today. Get your shit together Ripple
 

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