Hold or sell SHIB?
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Cryptocurrency mega-thread
- Thread starter DapperJong
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- #14,752
All investing is gambling to some extent. You can buy blue chip shares or residential property and lose big. Investing and gambling are differentiated only by whether the odds are in your favor or against.
I'm not good enough at sports betting to continually make money from it on a regular basis. Where I've had success is in betting against Australia in the cricket when we play test matches in Asia, and that success is based on treating it as an investment when the odds are favourable. That's about my only edge in the sportsbetting game, however simple it may be.
The same thought process applies to crypto. If I buy bitcoin at $20k with a 5:1 risk reward using selling price of $100k and stop loss of zero, am I gambling or investing? I personally think $100k is far more likely than $0 so the process is based on mathematical rationale rather than a crapshoot.
I think the timeline for adoption is running reasonably well. We had Tesla and Microstrategy jump on board during the past bull run.
To call crypto a gamble implies that it's difficult to do better than a coin flip when that's certainly not the case. There's any number of ways to have an edge in this game. You certainly didn't need to be a financial Einstein to jump on the NFT or AI trains and make good money.
- Jun 27, 2020
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Shibarium!
So they say
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- Jun 27, 2020
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Who knows, but I assume you don't have more than you can afford to lose invested, so why not see what shakes out in May (or whenever the launch takes place)?
Ghost Patrol
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- Sep 17, 2019
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- #14,756
Floki has much more upside than Shib.
It just pumped 30% after Elon posted a pic of his dog.
Also, has been listed on several exchanges these past couple of days. Billion dollar meme trilogy of doges might happen…
It just pumped 30% after Elon posted a pic of his dog.
Also, has been listed on several exchanges these past couple of days. Billion dollar meme trilogy of doges might happen…
To the moon. Yeah only a few hundred $ worth.
Why do you say that?
Ghost Patrol
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- #14,759
Much lower market cap. Shib might get you 2x, while Floki might do 10x and still be lower market cap than Shib.
- Jun 27, 2020
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Shiba could also reach grandiose heights of $1.00 if Shibarium has true utility and takes off...
Ghost Patrol
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- #14,761
That would put it's market cap at what, 500 trillion?
No chance of that happening.
Well yes, this is an entirely reasonable thesis for investing money into something that has absolutely no utility.
Crypto speculation is officially back ladies and gentlemen!
Ghost Patrol
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- #14,764
Sure. I bought a heap when it listed on Swyftx 2 days ago. It's doubled in price since then.
It will be listed on kucoin in next couple of days.
It's a meme coin, so I don't really care what utility it has (metaverse, NFT)
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PoppedCorn
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Hodl
Come back in 5 to 10
Come back in 5 to 10
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- #14,766
What a lot of people fail to realise is that speculation and hype provides far more upside than actual utility in crypto. The best thing for your token is that promises are never delivered because that will always lead to 'selling the news'. A failure to meet deadlines usually won't provide the same sort of dump.
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Rfox going strong “after the news” … it is well invested in the metaverse… has income streams … has hit 48cents AUD the last 2 cycles…
Current market cap 42mill Usd
MANA 1.3 billion usd
I’m holding only 50,000 rfox.
Current market cap 42mill Usd
MANA 1.3 billion usd
I’m holding only 50,000 rfox.
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- Jun 27, 2020
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Have any of you invested in any AI-related cryptos? I'm considering dipping my toes into Ocean Protocol, as I'm always an advocate for De-fi exchanges.
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PoppedCorn
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Bitboy follower?
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- #14,771
The main concern I'd have with buying into the AI narrative now is you're not early. Playing crypto narratives is a game of musical chairs and you don't want to be left being a bagholder when the music stops.
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Hahaha, nah, I view his videos from time to time, but in no way am I an avid follower, or someone who heeds his advice.
- Jun 27, 2020
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True that! I only ever HODL, so I won't be playing the markets either. What do you believe to be a good buy at present?
PoppedCorn
Saints
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Same
I don't actually have any anything AI atm
Have held Ocean quite a while ago
Wouldn't be a bad idea to DMOR and get one in the portfolio for hodl as theres lots more now compared to when i held Ocean
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- #14,775
I was in OCEAN and a couple other AI tokens a few weeks back. I sold well before the top, but I locked in profits so I'm happy. BTC and ETH are the only two with a proven history so they're really the only two I'm hodling for long term. They currently comprise over 90% of my portfolio.
The bigger money is made from playing small caps at the moment, but that's not really my game.