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Loosing money holding a balance with Crypto

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torontogyal

torontogyal

Joined
Jul 12, 2024
Messages
89
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?
 
Last edited:

torontogyal

torontogyal

Joined
Jul 12, 2024
Messages
89
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.
 

minthish

minthish

Joined
Sep 24, 2023
Messages
26
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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