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40% of bitcoin investors are now underwater, new data shows

DrQ

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We're planning to buy ETH at $1,800, and double down in segments. I wouldn't buy anything other than Bitcoin or ETH at this point, expect the alt coins to continue to be crushed.
 

am1

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I hope they all go to 0. Let the people who bet against me suffer. I prefer hard assets. Land, housing mostly.
 

DrQ

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We're planning to buy ETH at $1,800, and double down in segments. I wouldn't buy anything other than Bitcoin or ETH at this point, expect the alt coins to continue to be crushed.
  • Ethereum has plunged 20 per cent in 24 hours as part of the latest crypto crash
  • Bitcoin has also plunged 11.24 per cent as investors suffer heavy losses
  • Luna, another large cryptocurrency, lost almost all of its value overnight
 
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TravelTime

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All these uneducated retail speculators entered the market in 2020 using their stimulus money. :banana:
 
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  • Ethereum has plunged 20 per cent in 24 hours as part of the latest crypto crash
  • Bitcoin has also plunged 11.24 per cent as investors suffer heavy losses
  • Luna, another large cryptocurrency, lost almost all of its value overnight
Ethereum fell 90% after its peak in 2018. I am preparing for it to do the same. I currently own zero cryptocurrency, and prefer hard assets too, but I will not ignore the upcoming buying opportunity.
 

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"The Crypto meltdown starkly illustrated the risks of the experimental and unregulated digital currencies."
 
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I hope they all go to 0. Let the people who bet against me suffer. I prefer hard assets. Land, housing mostly.
That's certainly contemptuous. If you've had trouble making money on land and housing these last 5 years, I assure you it is not because of cryptocurrency.
 

CO skier

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I currently own zero cryptocurrency, and prefer hard assets too, but I will not ignore the upcoming buying opportunity.
Those are two diametrically opposed and irreconcilable differences -- preferring hard assets and owning cryptocurrencies, which is about as far from a "hard asset" as anything.

What, exactly, is the "the upcoming buying opportunity"?
 
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Those are two diametrically opposed and irreconcilable differences -- preferring hard assets and owning cryptocurrencies, which is about as far from a "hard asset" as anything.

What, exactly, is the "the upcoming buying opportunity"?
I believe in a diversified portfolio. If one likes buying into bear markets, such as I do, the more opportunities the better. After 10 years and 3 bull markets, it might take another market cycle or two, for people to see that this asset class is here to stay.

"Be fearful when others are greedy, and greedy when others are fearful.” Warren Buffet
 

am1

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That's certainly contemptuous. If you've had trouble making money on land and housing these last 5 years, I assure you it is not because of cryptocurrency.
No trouble making some money but my returns could have been better if no crypto.
 
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No trouble making some money but my returns could have been better if no crypto.
And that would have driven real estate prices even higher, hurting first time buyers.

Look, I flipped 2 Florida lots last year, making a 50% return in just over a year. How that is an unfair investing environment, and wishing people to suffer because it wasn't lucrative enough, is an entitled position that's truly beyond me.
 

CO skier

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After 10 years and 3 bull markets, it might take another market cycle or two, for people to see that this asset class is here to stay.
There are many dot-com era stocks that are still around today. Some have done well after the 2000 crash. Many more have never again seen their high price during the bubble.
 
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There are many dot-com era stocks that are still around today. Some have done well after the 2000 crash. Many more have never again seen their high price during the bubble.
History doesn’t repeat itself, but it does rhyme.


 

am1

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And that would have driven real estate prices even higher, hurting first time buyers.

Look, I flipped 2 Florida lots last year, making a 50% return in just over a year. How that is an unfair investing environment, and wishing people to suffer because it wasn't lucrative enough, is an entitled position that's truly beyond me.
I am not wish for people to suffer. It was their choice to purchase risky “investments” trying to get rich quick. That is their decision and should be willing to suffer all consequences including losing everything.
 
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