/biz/ - Business & Finance

>>7320744

Nope. First time I've put fiat into crypto since October 2016 (in part GBP / USD has had a nice run so far - overshot I think given the political risk).

If I'm wrong I still made £120k profit and if I'm not I just bought back new entrants' holdings with their own money because he who dares wins.

>>7289926

I'm not a bull I'm so cautious I don't even like doing scratch cards when people give them to me in birthday cards.

But this is the first time since 2016 I've considered putting another £5k in - I'll explain why:

1. The USD has had a tumble recently, you're not the only currency out there and the crash combined with the USD going down is making BTC look tempting - particularly to someone like me in the UK who's exposed to a lot of political risk.
2. I've seen some incredibly smart people lose a lot of money in cryptos because they were too smart and failed to understand how many stupid people there are and how many stupid people there are in big institutions with lots of cash. I don't know where I'd class /biz/ in that but I think you might be a little too smart for your own good. 50 Cent bragging about having 700 BTC is not a shoeshine boy moment.
3. If you believe this is just speculative horseshit where you're making money from suckers you're not one of the people who's actually building this tech for the right reasons which created it in the first place.
4. If you think the bulls have run out of money I don't think you have a good enough understanding of the world around you. £5k isn't even a percent of what I could put on the table.

Outside of that I can only go on the track record of my own instincts - I've never lost money, I haven't made as much as some of the NEETs here but I've never lost money.

I smell an opportunity here - it's not as good as when I smelled it in 2016 however it feels no less risky now as it did back then.

>>4933606

>Thinks he's in on something.

>>4931692
>We're shorting BTC

>Has to wait until opening bell.

...

>Chill Winston.