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How soon until Bitcoin crashes?

Liar Loan

Well-known member
Truth... who here put money into crypto?

I don't even play stocks... so no crypto for me... someone I know did... lost about $3k in the latest drop... kept telling him to cash it out. I think it was Ethereum.
There were some true believers on this thread that showed up after the '18 crash, but they haven't posted in awhile.
 

zovall

Active member
I put a small amount in crypto and lost over the past year. My stocks have lost way more in absolute terms.
 

CalBears96

Well-known member
I put a small amount in crypto and lost over the past year. My stocks have lost way more in absolute terms.
What absolute terms are we talking about? %? That's only fair comparison you can make.

Bitcoin went from $60k to $16.6k. That's 70% drop.

The only tech stock comparable to that is META. TLSA dropped more than 50%, but TSLA was way overvalued at $400 (post split). Others, like NVDA and AMD, the ones I invested in, did drop more than 50% at one point, but have now recovered a bit. AAPL barely dropped.
 

zovall

Active member
I’m saying that to indicate that I only put a small amount into crypto and also to note that my stocks have been down big too. The FAANG stocks took a beating in general and there are many other stocks (in tech and other industries) that got hit even harder. I haven’t checked but holding cash or TIPS over the past 12 months might have performed the best.

Yeah, crypto is full of scams. I think Bitcoin and Ethereum are legitimate and have potential especially at this price point.

With my tinfoil hat on, it makes sense to have some along with guns, ammo, food, water.
 

Liar Loan

Well-known member
I’m saying that to indicate that I only put a small amount into crypto and also to note that my stocks have been down big too. The FAANG stocks took a beating in general and there are many other stocks (in tech and other industries) that got hit even harder. I haven’t checked but holding cash or TIPS over the past 12 months might have performed the best.

Yeah, crypto is full of scams. I think Bitcoin and Ethereum are legitimate and have potential especially at this price point.

With my tinfoil hat on, it makes sense to have some along with guns, ammo, food, water.
Commodities are the winner. TIPS haven't held up well at all.
 
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