discuss 10x Your Money In Domains Or Crypto Currency?

[Silentptnr]

A lot of domain investors also invest in crypto currency it seems as of late. I usually feel pretty confident that a domain I carefully acquire today will be a 10x+ my investment including holding time. If say, I were to buy bitcoin today, is it feasible that i would get 10x my money?

 

[alcy]

LOL. Investing in anything is not rocket science when it goes up. Things however don't go up forever.

The entire speculative market is due for a major correction. Not just crypto, but stocks, collectibles, and everything in between.

Your example is also not reality. Outside shitcoins things are not going up 20% in 5 minutes...If you go down that path it is even more risky and subject to potential rug pulls.

It sounds great on paper, but the vast majority of people who day trade in anything tend to lose money.

Brad

for sure things already went up 20% in 5mins in crypto.. many times over.

but u completely missed the point.. I can replace those values with any profit range.. so making 10usd..in 5mins..for many traders and people is still good.. considering what make per hour regular jobs

then u repeat this with quick trades.. I never said it will always go up. everyone knows it doesnt...I'm just explaining why day teaders exist... cause everyone just talks about hodling

 

[bmugford]

for sure things already went up 20% in 5mins in crypto.. many times over.

but u completely missed the point.. I can replace those values with any profit range.. so making 10usd..in 5mins..for many traders and people is still good.. considering what make per hour regular jobs

then u repeat this with quick trades.. I never said it will always go up. everyone knows it doesnt...I'm just explaining why day teaders exist... cause everyone just talks about hodling

Yeah, well the entire HODL thing is not logical in my view. If you never take a profit on anything what is the point?

I have no problem taking gains in anything I invest in.

Like I said, I used to day trade with stocks and did quite well at it. It is just not for me.

Brad

 

[Alop]

truly we must feel for the poor souls who bought the fomo at to 60k

you are missing the point ....

Did you not sell metaverse one ?

 

[alcy]

my biggest error was buying yfii at 6.5k..around xmas last yr.. then watch it drop to 2k..without converting.

this killed me.. didnt trade for longtime..then got back recently.. sold my yfii..got 3k total...then with.few lucky doge hype trades when it was round 50cent ranges.. and then few more alice trades..I went to 13k within 1 or 2months..

then the may crash.. and down to 4k.. now at 7k with iotx which i never bought b4... I just want my original 10k back.. never mind all the hours I wasted to just break even.

exactly like a casino trip. catchup game..for most..most of the time.

 

[griff]

Or a new up coming project that seems to have potential?

$SUSHI, $ILV, $IMX, $YGG, $AXS

investing in utilities that add real value for myself & many others hasn't failed me yet.

 

[VaibhavA]

Both domains and crypto are good.

Its good to diversify.

There's lot to learn from crypto and apply it to domaining and vice-versa.

 

[VaibhavA]

my biggest error was buying yfii at 6.5k..around xmas last yr.. then watch it drop to 2k..without converting.

this killed me.. didnt trade for longtime..then got back recently.. sold my yfii..got 3k total...then with.few lucky doge hype trades when it was round 50cent ranges.. and then few more alice trades..I went to 13k within 1 or 2months..

then the may crash.. and down to 4k.. now at 7k with iotx which i never bought b4... I just want my original 10k back.. never mind all the hours I wasted to just break even.

exactly like a casino trip. catchup game..for most..most of the time.

Explains your bitterness for crypto.

I did some stupid stock trading in 2000, incurred some losses and then never went back.

I realized my mistakes after 20 years.

Then entered crypto in the beginning of 2021.

Its been a gr8 roller coaster ride ever since but I am hooked.

What I realized was that business isn't bad, only bad decisions.

Best of luck and I hope you get more than what you are looking to get back.

 

[alcy]

Explains your bitterness for crypto.

I did some stupid stock trading in 2000, incurred some losses and then never went back.

I realized my mistakes after 20 years.

Then entered crypto in the beginning of 2021.

Its been a gr8 roller coaster ride ever since but I am hooked.

What I realized was that business isn't bad, only bad decisions.

Best of luck and I hope you get more than what you are looking to get back.

what bitterness..I dont have one.. its called facts and realism .. when I say everyone should keep away from it cause crypto equals casino that has made way more people poorer than richer.. then that is verifiable fact
... not bitterness

we cant argue with fact and stats. casinos and trading make more losers than winners

 

[Alop]

what bitterness..I dont have one.. its called facts and realism .. when I say everyone should keep away from it cause crypto equals casino that has made way more people poorer than richer.. then that is verifiable fact
... not bitterness

we cant argue with fact and stats. casinos and trading make more losers than winners

What percentage is that ?

 

[alcy]

What percentage is that ?

88.4563%

 

[garptrader]

Buying bitcoin or ethereum (NOT on a leverage trading platform) during corrections and holding over an extended time period has generally paid off. Yes there will be another bear market which may start as soon as the fall. But my view is bitcoin and ethereum will be trading at higher levels than where we were a few weeks ago before that happens. Trading coins which rank 250+ on Coinmarketcap is much more speculative.

 

[Jv1999]

LOL. Investing in anything is not rocket science when it goes up. Things however don't go up forever.

The entire speculative market is due for a major correction. Not just crypto, but stocks, collectibles, and everything in between.

Your example is also not reality. Outside shitcoins things are not going up 20% in 5 minutes...If you go down that path it is even more risky and subject to potential rug pulls.

It sounds great on paper, but the vast majority of people who day trade in anything tend to lose money.

Brad

Usually when crypto goes up 20% in 5 minutes, it's probably too late for you to get in. When I see that, I immediately hold off knowing it's a bull trap. Many times that's gone against my favor as it continued to rally.

Best thing to do is wait for the dip then buy in then sell as it "recovers" because it will eventually crash back down or stabilize at some price that's lower than 20% - 30% of the pump.

 

[SirDrago]

As I said.... HODL

 

[alcy]

u may have said it but u can never say u knew it for sure..cause nobody know where the roulette go

 

[SirDrago]

u may have said it but u can never say u knew it for sure..cause nobody know where the roulette go

You would be the very last person on this planet I would take financial advice from.

 

[alcy]

You would be the very last person on this planet I would take financial advice from.

I dont care about that or who u take advice from..i just care that everyone understands those who say hodl.. or who say they knew it will go up.. do not know for sure it will go up...they wish..they believe..they guess ..they speculate ... but they do not know for sure..

therefore statements like hodl..or I knew it.. make people just look amateur.

this is so fundamental that I have no clue why fairy intelligent folk like u do not know it... it's just laughable that's all

 

[SirDrago]

I dont care about that or who u take advice from..i just care that everyone understands those who say hodl.. or who say they knew it will go up.. do not know for sure it will go up...they wish..they believe..they guess ..they speculate ... but they do not know for sure..

therefore statements like hodl..or I knew it.. make people just look amateur.

this is so fundamental that I have no clue why fairy intelligent folk like u do not know it... it's just laughable that's all

It's not like China went on live television and kicked out crypto miners and blocked all transactions. Maybe you missed it because you know the answer to everything...

 

[SirDrago]

Well, more accurately, it’s banning Bitcoin mining. Following bans last month in Xinjiang and Inner Mongolia, government officials have banned bitcoin mining in Sichuan (the epicenter of Bitcoin mining in the country and Qinghai, as well as levying new, hyper-restrictive regulations on operators in Yunnan.

SOURCE

The bans aren’t exactly shocking, but their sudden manifestation and stringency have left miners in the region reeling nonetheless. Roughly one million or so mining computers are now stranded in China, and miners are faced with a Rubik’s cube of logistical problems. Do they ship machines to new locations? Do they even have a new location to move them to? Maybe it would be easier to sell them — if they can find a buyer, that is. If they have a new location, how do they staff it properly? Miners are hemorrhaging potential profits as they search for answers to these questions so they are moving as quickly as they can.

 

[Jv1999]

I dont care about that or who u take advice from..i just care that everyone understands those who say hodl.. or who say they knew it will go up.. do not know for sure it will go up...they wish..they believe..they guess ..they speculate ... but they do not know for sure..

therefore statements like hodl..or I knew it.. make people just look amateur.

this is so fundamental that I have no clue why fairy intelligent folk like u do not know it... it's just laughable that's all

Alcy, it only continues to go up in the long run. No roulette there

 

[musiquecomforsale]

I think it's a no brainer. While both industries have their potential to make you life changing money, chances are you will probably be making more in crypto and it probably takes 10 times less effort.

 

[alcy]

I think it's a no brainer. While both industries have their potential to make you life changing money, chances are you will probably be making more in crypto and it probably takes 10 times less effort.

no brainer if one has no brain..cause in crypto most get poorer than richer.

exactly like in casino

now that is a no brainer ... verifiable provable etc... that crypto makes way more folk poorer than richer... knowing this..is there really anything else to know or debate...no..there isn't. unless one has no brain of course.

now for clarity sake..dont get me wrong..I'm mega happy for any one who is in the made richer minority...

 

[musiquecomforsale]

no brainer if one has no brain..cause in crypto most get poorer than richer.

exactly like in casino

now that is a no brainer ... verifiable provable etc... that crypto makes way more folk poorer than richer... knowing this..is there really anything else to know or debate...no..there isn't. unless one has no brain of course.

now for clarity sake..dont get me wrong..I'm mega happy for any one who is in the made richer minority...

The trick isn't to play it like it's a stock. The trick is to find hidden gems and riding it to the moon. Now I'm not saying one is inherently better than the other. There is obviously more variables that you can control in the Domain Industry, but believe me when I say it, the world of crypto is just getting started. It would be absolutely boneheaded to not be in crypto now.

 

[jhm]

@lambo.com Agreed. Harder to move the price of something heavy (Bitcoin) than a low market cap Altcoin - Not many people consider this

 

[The Durfer]

They are predicting $100k for bitcoin by next year. What do u think?

 

[Alop]

@alcy is big invest on .co extensions & crypto…..your money your call