Cryptocurrency / Bought my first

[ChewChewTrain]

Originally Posted by JockoT

ChewChewTrain, how is the cryptocurrency fairing?

hahaha!!! Yep. It's been most exciting times!

Despite this crash, which is STILL continuing, I'm STILL comfortably in the red.

I made a series of good moves at the right time; some luck and some due to amazing Technical Analysis advice offered by a YouTuber with 20+ years of stock market experience. He's SO good, he predicted a recent Bitcoin low to within $95 when the coin was still trading at 27% higher.

I began playing the crypto coin game on Nov 19th, a little short of 90 days ago. I have zero stock market experience/knowledge, too.

In my short time, two things I've learned... When holding cash patience is your best friend and a saying from Warren Buffet. "Be fearful when others are greedy. Be greedy when others are fearful."

Have you or know others that have bought crypto?

[JockoT]

Originally Posted by ChewChewTrain

Have you or know others that have bought crypto?

No, not me. The reason I asked, is some of the British banks are banning customers from using their credit cards for buying them.
When I worked for Lexmark we were all given stock options. When we were permitted to sell, everyone I knew took their profits. I decided to hang on to mine, and eventually they were worth less than the price they were at when we got them, so I got nothing. C'est la vie.

[ChewChewTrain]

Originally Posted by JockoT

No, not me. The reason I asked, is some of the British banks are banning customers from using their credit cards for buying them.
When I worked for Lexmark we were all given stock options. When we were permitted to sell, everyone I knew took their profits. I decided to hang on to mine, and eventually they were worth less than the price they were at when we got them, so I got nothing. C'est la vie.

Yeah. The banks are probably trying to keep people from putting themselves at risk. I've heard online stories of people taking out bank loans on their homes to buy crypto. OUCH!

You may not be able to buy crypto directly from an exchange with a credit card, but you can probably still take a cash advance on the card the bank will not be any wiser.

[Draigflag]

I'm still investing heavily in my social life, you're only young once. Maybe when I'm old, I'll think about the future, but for now, I just want to live for today.