Stock Market | PUNT ROAD END | Richmond Tigers Forum
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Stock Market

AngryAnt

Tiger Legend
Nov 25, 2004
25,552
12,198
Bitcoin is still going pretty well if you bought them for 15c each! ;)

if you follow Bitcoin the same pttern repeats, steady rise for a few years, a crash, then a rise to a much higher peak the next cycle .

People can't read graphs for some reason.
 

Baloo

Delisted Free Agent
Nov 8, 2005
41,705
13,896
Best part of the crypto crash is that GPU card prices are crashing, especially if you are happy to take a risk on a 2nd hand one.
 

scottyturnerscurse

Tiger Legend
Apr 29, 2006
5,167
2,007
if you follow Bitcoin the same pttern repeats, steady rise for a few years, a crash, then a rise to a much higher peak the next cycle .

People can't read graphs for some reason.
The laser-eye mob read graphs so they can sleep at night but their sample size is only three boom-busts.

How many predicted this crash would see the bottom fall below the peak of the first boom? Certainly not Willy Woo and his one million Jonestown-like followers. He said on Jan 3 that only a Black Swan event would see it go below 24k...yet as I type, it's hovering just above 18k.

All that said, I might hit the buy button at 15k. But will mentally torch the money.
 

AngryAnt

Tiger Legend
Nov 25, 2004
25,552
12,198
The laser-eye mob read graphs so they can sleep at night but their sample size is only three boom-busts.

How many predicted this crash would see the bottom fall below the peak of the first boom? Certainly not Willy Woo and his one million Jonestown-like followers. He said on Jan 3 that only a Black Swan event would see it go below 24k...yet as I type, it's hovering just above 18k.

All that said, I might hit the buy button at 15k. But will mentally torch the money.

True, there is always an end to every party scotty... I will wait for it to fall to around then too although maybe $15K AUD. Speculation.

Who is willy woo? I've been out of the loop on crypto for a few years... But I wouldn't buy or sell crypto (or anything) on the basis of some twitter guru. And anyone who doesn't see it as a highly volatile investment is nuts IMO

Here's the time chart for those interested.

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