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Loosing money holding a balance with Crypto

torontogyal

torontogyal

Joined
Jul 12, 2024
Messages
133
Has anyone else here got fkd holding a balance in crypto from withdrawls this past week? I'm down roughly 10k (Etherium) right now (received withdraw on July 16). I usually sell as soon as I receive my withdrawals but I figured I'd hold it since Sept. is around the corner to take advantage of promos (deposit bonuses) instead of loosing money on exchange fees. Any thoughts on how I should approach this? Should I wait for ETH to bounce back or just stomach the loses?
 
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flyingillini

flyingillini

Joined
Jun 13, 2021
Messages
29,371
It is 100% speculation, no rhyme or reason why coins do what they do, proceed with extreme cation. Ever since Blackrock and others got involved, it makes things even more dangerous.
 

torontogyal

torontogyal

Joined
Jul 12, 2024
Messages
133
It is 100% speculation, no rhyme or reason why coins do what they do, proceed with extreme cation. Ever since Blackrock and others got involved, it makes things even more dangerous.
Yes, I don't mess with this stuff either. It's just I didn't want to loose money on selling from exchanges when I received my withdrawals last month, which is why I held in anticipation for the September promos.
 

Archie

Archie

Joined
Nov 8, 2021
Messages
10,104
lose money loose stools
 

minthish

minthish

Joined
Sep 24, 2023
Messages
29
It is 100% speculation, no rhyme or reason why coins do what they do, proceed with extreme cation. Ever since Blackrock and others got involved, it makes things even more dangerous.
I don't think moves like +150% in 6 months or -50% in 3 weeks will ever be possible again.

Unless something really bad happens to the U.S. economy/ U.S. Dollar. Now that you mention Blackrock (ETF) as a reason for MORE volatility, I really would like to hear your reasoning. To me, the bigger the market is, the harder it is to manipulate.. so it's more 'stable'.

You disagree?
 
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