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What are you investing in?
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https://coinmarketcap.com/currencies/bitcoin/?period=7d has bitcoin and several others.
Dead means various things.
Value (such that it is) of bitcoin still oscillating around $20000 so not that type of dead (some stable coins as they were termed were not that). Volume on that page says $39,209,042,543 in the last 24 hours changed hands (and real number is likely higher as various exchanges or private trades happen offline/out of band) so not that kind of dead either. Still legal in most places so not that either.
As far as crazy returns on investment then not via simple investment and as it seems to have matured somewhat it seems to be tied to tech or at least investments during risk acceptable/risk on times. I am sure there are still those buying lows to sell off a few days later when the next peak comes*.
*nobody is timing the market that well but from the link at the start
Had you bought back on the 9th when it was hovering around 19000 then at least prior to the CPI report coming out and tanking the market (some fools thought we had seen peak inflation) you could have sold off at over 22K USD or about $3000 profit (nearly 16%, though fees are not inconsiderable) in a few days trading this last week which is still insanely good returns -- there are vanishingly few traders that consistently make that kind of return, indeed there are vanishingly few traders that beat index funds (buy one of every stock on the market, wait) for which 8% is a reasonable year (in case you were not aware this is not a good year). There are probably some doing arbitrage as well but I have less info on that one.
That is bitcoin, for others https://coinmarketcap.com/coins/ has some more. Still looks like lots of value, trading volumes and more in many of those.
I thought that was pronounced Dog-coin and then I heard way later it's "douge-coin"
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I have to start this by saying please be careful with crypto and invest in projects that are well established at this point. It's very difficult at this time to know which projects are genuine and which are scams. I wouldn't even like to name any Crypto at this moment in time where the fundamentals have meaning, since almost every single person in the space is only out there to make money. I imagine there's only a tiny percentage that actually care about the function and use case of crypto as opposed to the financial gain side of it honestly.
Anyway, the amount of people I'm seeing here that are suggesting they're invested in Dogecoin is actually alarming to me...
Okay, it had a huge run there's no denying that, and there were definitely a few millionaires made from it in retail, and you'll probably get a few fake out pumps that keep people investing out of hope/ cope.
Though have to think about it logically;
I imagine the people that believed in Dogecoin and still do, have a lot of their net worth invested as they're new to the space and don't fully understand what's going on. If this assumption is right then who is left to put money into Dogecoin to bump up the price?
IMO, The million/ billionaires invested their money, which bumped up the price initially and that was probably based on a tip off (Likely Elon Musk knowing the influence he has). Everyone in retail (us) rushed to buy in Fear Of Missing Out (FOMO), then, when all of retail was fully invested because it looked like the price was never going to slow down, many of the people in the know dumped their coins knowing it would never be able to go to an ATH again.
The next all time high will require even MORE buying power, because people are mining Doge every single day the supply is forever increasing. The same amount of money that caused it to reach an all time high will not be anywhere close to what it will take to create a new all time high now, I'm certain of it.
To put it into perspective, it got to a point where Elon Musk's tweets were barely having an effect on the price and that is a very telling sign that the buying power has left for that coin.
Anyway, the amount of people I'm seeing here that are suggesting they're invested in Dogecoin is actually alarming to me...
Okay, it had a huge run there's no denying that, and there were definitely a few millionaires made from it in retail, and you'll probably get a few fake out pumps that keep people investing out of hope/ cope.
Though have to think about it logically;
I imagine the people that believed in Dogecoin and still do, have a lot of their net worth invested as they're new to the space and don't fully understand what's going on. If this assumption is right then who is left to put money into Dogecoin to bump up the price?
IMO, The million/ billionaires invested their money, which bumped up the price initially and that was probably based on a tip off (Likely Elon Musk knowing the influence he has). Everyone in retail (us) rushed to buy in Fear Of Missing Out (FOMO), then, when all of retail was fully invested because it looked like the price was never going to slow down, many of the people in the know dumped their coins knowing it would never be able to go to an ATH again.
The next all time high will require even MORE buying power, because people are mining Doge every single day the supply is forever increasing. The same amount of money that caused it to reach an all time high will not be anywhere close to what it will take to create a new all time high now, I'm certain of it.
To put it into perspective, it got to a point where Elon Musk's tweets were barely having an effect on the price and that is a very telling sign that the buying power has left for that coin.
Good luck with the tenant(s).
Hopefully they pay every month, don't damage anything, and don't steal any item of the apartment when they leave.
Just BAT. Sold everything when it was at it was highest and didn't buy in when everything crashed, mostly due to lack of money. Now I am holding onto BAT since it's a passive crypto that I don't need to invest my money into.
I invested in SUSHI last year, lost third of my money and moved out to BTC and SOL and a fintech's term deposit of roughly 4 months. Did get a little bit of yield and now I'm all for the long term, investing in mexican government bonds: Cetes at a one year term, injecting capital monthly at least for the next decade or so.
BTC, BAT, Savings Account... It just ain't doing it for me.
Gotta see about buying land in the middle of nowhere.
Gotta see about buying land in the middle of nowhere.
Got a few grand in ETFs, mainly the S&P 500 and the FTSE 100.
I did have money in the stock market and made a little but wanted to do a long term investment that I didn't need to keep an eye on
I did have money in the stock market and made a little but wanted to do a long term investment that I didn't need to keep an eye on
Find a country that isn't predatorily raising property taxes and I'll say you have an investment that'll last one regime change. These days the shelf-life of regimes are shortening.
Heh...this post of mine was recently bumped because of a like (thanks for that...I wouldn't have thought of it otherwise), and I think I have somewhat of an update here:
* mortgage is now paid off, so easy money from here on out. I technically could've raised the rent but I didn't (okay: that's not entirely true: living costs have gone up so I'm billing my lendor for the costs I have to pay on his behalf).
* my downstairs neighbor has put up her appartment for sale. It's not sold yet, but it's like 1.8 the price I paid for it. Meaning: it nearly doubled in value. And since the cost of living in it (as opposed to paying rent elsewhere) is a factor, it's almost as if I'm getting richer by just "having a house" than working for the last decade. I'm somehow both delighted and disgusted by that fact.
* my parents sold my childhood house. They owned it for over 45 years, and because of situations the original buying price is a bit foggy. But their (agreed) price is now 20 times what it was back then, and could well be 40 times or more (note: of course there have been costs in the house. But seeing how tenants have occupied it for most of that time, that easily cancels out all of that). Of course there's inflation, but still...
The real sad part of this is that my brother and me have always disagreed with our dad that buying a house is somehow easy or at least affordable. He at most agreed that it's " a bit harder" now. Yeah...he recently accidentally mentioned that he (and my to-be mother) got a loan without any starting capital. Nowadays you pretty much cannot get a loan if you can't already afford the house by yourself.
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