Cryptocurrency

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KateR
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Re: Cryptocurrency

Post by KateR » Tue Nov 02, 2021 12:17 am

Newcastleclaret93 wrote:
Mon Nov 01, 2021 12:25 pm
Looking like November is going to be a good month for Alt coins has anyone got any more recommendations?
DOT doing well and the parachain auction is going to drive it up, I like FET as an outsider for growth, others to look at: Chiliz, CKB, CELER and (Audio + DeRace) are gambles but not recommending them, just these two are something I have some of.

Of course I have been mentioning HNT for sometime, recent deals of an investment firm buying in for $111 million an that struck with the dishnetwork, has recently has seen new ATH's reached last week. I don't see this as big jumper, more of it's a crypto the company (Helium) pay miners (people) to own nodes, there were 28,000 nodes when I started, today over 275,000 and over 3,000,000 on back order. I see the HNT more as shares you'd buy in a start up company, I think it will steadily grow, however I'm convinced it will be hit by the Bear market but it wont be going out of business and it will be another good opportunity to buy more shares (HNT)

ENJ was one of my first buys and has done well, ONE and ALGO have had their jumps but down a little now and think they'll both go higher.

As always, as these are going up, there is a Bear market around the corner, right now not buying much at all for the last 6-8 weeks as am happy with the overall crypto portfolio, a lot are locked now staking and making good passive income, so also can't sell.

KateR
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Re: Cryptocurrency

Post by KateR » Tue Nov 02, 2021 1:03 am

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Newcastleclaret93
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Re: Cryptocurrency

Post by Newcastleclaret93 » Tue Nov 02, 2021 8:27 am

Some good calls there Kate, I noticed CHZ has flown up in the last few days.

RVclaret
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Re: Cryptocurrency

Post by RVclaret » Tue Nov 02, 2021 8:38 am

Another crypto scam leaves investors biting the dust: https://www.bbc.com/news/business-59129466

Good job people have the regulators / police to call… oh hang on a sec.
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Newcastleclaret93
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Re: Cryptocurrency

Post by Newcastleclaret93 » Tue Nov 02, 2021 8:46 am

RVclaret wrote:
Tue Nov 02, 2021 8:38 am
Another crypto scam leaves investors biting the dust: https://www.bbc.com/news/business-59129466

Good job people have the regulators / police to call… oh hang on a sec.
I take it your not a fan of crypto RV

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Re: Cryptocurrency

Post by Steddyman » Tue Nov 02, 2021 8:55 am

Look at Yooshi and DNAxCAT for some tokens still with major potential and plenty of utility in the gaming / metaverse play.

Like anything though they are dependent on BTC holding or going up. When we enter a bear market all tokens will start to dump so get your timing right.

Paul Waine
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Re: Cryptocurrency

Post by Paul Waine » Tue Nov 02, 2021 9:10 am

RVclaret wrote:
Tue Nov 02, 2021 8:38 am
Another crypto scam leaves investors biting the dust: https://www.bbc.com/news/business-59129466

Good job people have the regulators / police to call… oh hang on a sec.
Newcastleclaret93 wrote:
Tue Nov 02, 2021 8:46 am

I take it your not a fan of crypto RV
Glancing at this thread every now and again I'm struck with how bitcoin, with it's promise of "no more than 21 million," has become a whole ocean of "alphabet soups" of cryptos....

What part of "be prepared to lose it all" do people not understand?

We can be sure that as I post my comments there are teams somewhere in the digital world planning yet another "scam crypto 2.0..."

Go carefully out there my friends.
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Newcastleclaret93
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Re: Cryptocurrency

Post by Newcastleclaret93 » Tue Nov 02, 2021 9:14 am

Paul Waine wrote:
Tue Nov 02, 2021 9:10 am
Glancing at this thread every now and again I'm struck with how bitcoin, with it's promise of "no more than 21 million," has become a whole ocean of "alphabet soups" of cryptos....

What part of "be prepared to lose it all" do people not understand?

We can be sure that as I post my comments there are teams somewhere in the digital world planning yet another "scam crypto 2.0..."

Go carefully out there my friends.
As a general rule of thumb I try and stay away from meme coins unless they are on the bigger platforms such as Binance etc…

Throwing life savings on meme coins named after a popular tv series is asking for trouble
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tarkys_ears
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Re: Cryptocurrency

Post by tarkys_ears » Tue Nov 02, 2021 3:43 pm

Jasmys done nicely.

Bought 17000 at 6c a week ago and it's upto 30 now


Think this can hit a dollar soon enough

Newcastleclaret93
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Re: Cryptocurrency

Post by Newcastleclaret93 » Tue Nov 02, 2021 3:47 pm

tarkys_ears wrote:
Tue Nov 02, 2021 3:43 pm
Jasmys done nicely.

Bought 17000 at 6c a week ago and it's upto 30 now


Think this can hit a dollar soon enough
Nice short term profit.

I’ve been very fortunate on a couple of shorts this week. In SAND and Hero.

I am genuinely amazed at the potential of Hero. I was watching videos on this project and it looks amazing.

Same with illuvium.

tarkys_ears
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Re: Cryptocurrency

Post by tarkys_ears » Tue Nov 02, 2021 9:20 pm

Does anyone care what a coin does?

I got caught with AMP and lost quite a lot of money.

From now on, who cares, just buy the pump and don't be the last one out!

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Re: Cryptocurrency

Post by Lowbankclaret » Tue Nov 02, 2021 10:51 pm

Paul Waine wrote:
Tue Nov 02, 2021 9:10 am
Glancing at this thread every now and again I'm struck with how bitcoin, with it's promise of "no more than 21 million," has become a whole ocean of "alphabet soups" of cryptos....

What part of "be prepared to lose it all" do people not understand?

We can be sure that as I post my comments there are teams somewhere in the digital world planning yet another "scam crypto 2.0..."

Go carefully out there my friends.
Interesting, I have a group of friend who invest. We talked a about crypto a year ago and doing a syndicate. My mate Neil set up a watchlist of 5 cryptos where he put £10 in each. He massaged this morning n our forum as he checked it. It would have been worth just over 2 million. He now wants to do a syndicate.

Paul Waine
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Re: Cryptocurrency

Post by Paul Waine » Tue Nov 02, 2021 11:27 pm

Lowbankclaret wrote:
Tue Nov 02, 2021 10:51 pm
Interesting, I have a group of friend who invest. We talked a about crypto a year ago and doing a syndicate. My mate Neil set up a watchlist of 5 cryptos where he put £10 in each. He massaged this morning n our forum as he checked it. It would have been worth just over 2 million. He now wants to do a syndicate.
tarkys_ears wrote:
Tue Nov 02, 2021 9:20 pm
Does anyone care what a coin does?

I got caught with AMP and lost quite a lot of money.

From now on, who cares, just buy the pump and don't be the last one out!
Hi Lowbank, we could believe that "timing is everything" or that "could have, should have..." is how we g0 through life.

Maybe tarkys ears post is also relevant: "don't be the last one out" because at the end of the day you are buying nothing, just a string of computer code that, BIG MAYBE, other people will want to pay more for than you did when you think it's time to sell.... or maybe not.

Lowbankclaret
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Re: Cryptocurrency

Post by Lowbankclaret » Tue Nov 02, 2021 11:40 pm

Paul Waine wrote:
Tue Nov 02, 2021 11:27 pm
Hi Lowbank, we could believe that "timing is everything" or that "could have, should have..." is how we g0 through life.

Maybe tarkys ears post is also relevant: "don't be the last one out" because at the end of the day you are buying nothing, just a string of computer code that, BIG MAYBE, other people will want to pay more for than you did when you think it's time to sell.... or maybe not.
It is a big maybe, I had a punt on crypto about a year ago. I have been buying and selling for a year. I am £100 down over the year. I gave my daughter some money to open an account and said split it between Bitcoin and Ethereum, she is up just unde 100%.
Thing with crypto it’s no different to gambling. You have to accept you might lose all your money.
But to be fair that can happen with shares to.

Forgotten
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Re: Cryptocurrency

Post by Forgotten » Wed Nov 03, 2021 9:49 am

My mother and I have been having a bet each year starting on January 1st and ends in NYE.

You put £40 into Coinbase and then you invest, sell as you see fit. The one with the least in their account at midnight loses and gives their profit to the winner. If you go bust, There’s an automatic £100 fine.

It’s all about fun people!
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Newcastleclaret93
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Re: Cryptocurrency

Post by Newcastleclaret93 » Wed Nov 03, 2021 10:03 am

Lowbankclaret wrote:
Tue Nov 02, 2021 10:51 pm
Interesting, I have a group of friend who invest. We talked a about crypto a year ago and doing a syndicate. My mate Neil set up a watchlist of 5 cryptos where he put £10 in each. He massaged this morning n our forum as he checked it. It would have been worth just over 2 million. He now wants to do a syndicate.
Make sure you don’t forget to pay your tax if you start with crypto.

I couldn’t recommend it higher to anyone. However make sure you do your own research and don’t solely rely on others.

BigChaCha
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Re: Cryptocurrency

Post by BigChaCha » Wed Nov 03, 2021 10:51 am

I got caught with AMP and lost quite a lot of money.
Sorry to hear that!... How did you get caught out on AMP with a lot of money? Are you a short-term trader or did you buy at the top and then you lost your nerve and sold? AMP is probably one of the most predictable/stable growth tokens in my portfolio! They are having some amazing adoption too. It is only about 5% of my holdings but I still made enough from AMP to buy a few houses in Burnley :D

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Re: Cryptocurrency

Post by ClaretAndJew » Wed Nov 03, 2021 10:56 am

Shiba Inu to the moon. Diamond hands win.

tarkys_ears
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Re: Cryptocurrency

Post by tarkys_ears » Wed Nov 03, 2021 11:09 am

Amps useless. Sounds good in theory but here's the thing

...

No one wants to spend crypto

BigChaCha
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Re: Cryptocurrency

Post by BigChaCha » Wed Nov 03, 2021 11:09 am

I have seen 'gambling' and 'betting' mentioned quite a few times on here. Yes, it is risky but a calculated risk. If you are betting or gambling with crypto on riskier non-fundamental crypto like meme coins, then I hope it is in tiny amounts and with money you can afford to lose!...

... A better way in my opinion is to look at the fundamentals along with the charts. Look at the adoption, real-world use, niche, market-cap. A lot of these coins/tokens are becoming real-life businesses and are fairly easy to value or at least worth the risk of investing compared to traditional tech valuations. Back up all of this info mentioned by learning basic chart patterns like support and resistance. There are a ton of tools and tutorials online that can give you an advantage and yes, they are still useful if you are a long-term investor!

The overall market-cap is still tiny compared to the height of the tech/internet stock market bubble the last time I looked. Also, crypto is being adopted far faster than TV, Internet and mobile phones at the same stage and we are still incredibly early.

If invested properly in an overall portfolio of other investments then it is not 'gambling' in my opinion and even some of the big hedge-fund managers say it is irresponsible to not be investing at least 5% of your overall portfolio in crypto!
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BigChaCha
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Re: Cryptocurrency

Post by BigChaCha » Wed Nov 03, 2021 11:14 am

Shiba Inu to the moon. Diamond hands win.
Apparently, the person who has a wallet that turned an 8k Shiba 'investment' into billions has now been confirmed to be active and is shifting out Shiba in batches of a few hundred million at a time... It was first thought that the owner of the wallet could be dead because it was untouched for so long but he/she has been taking profits over the last week... Probably the best 'investment' in history!

claret2018
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Re: Cryptocurrency

Post by claret2018 » Wed Nov 03, 2021 11:15 am

The biggest difference between this and traditional investing is that crypto could disappear overnight and become utterly worthless. The FTSE100 isn’t going to vanish into thin air.

It’s more akin to a pyramid scheme, which is fine if everyone keeps going along with it but my fear would be the whole thing collapses after a while.

But then again I’m a cautious investor. I’d rather keep my cash in the bank, or spend it.

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Re: Cryptocurrency

Post by BigChaCha » Wed Nov 03, 2021 11:27 am

Amps useless.
I got caught with AMP and lost quite a lot of money.
If you lost a lot of money by investing in something that you think is useless then I would advise you to stay away from crypto because that's just plain witlessness!
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RVclaret
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Re: Cryptocurrency

Post by RVclaret » Wed Nov 03, 2021 11:28 am

claret2018 wrote:
Wed Nov 03, 2021 11:15 am
The biggest difference between this and traditional investing is that crypto could disappear overnight and become utterly worthless. The FTSE100 isn’t going to vanish into thin air.

It’s more akin to a pyramid scheme, which is fine if everyone keeps going along with it but my fear would be the whole thing collapses after a while.

But then again I’m a cautious investor. I’d rather keep my cash in the bank, or spend it.
Agree with this. Stay long and strong unless they collapse then get the f*** out as quick as possible (if possible).

BigChaCha, you mention crypto’s have ‘fundamentals’ and real world uses - could you enlighten me on what these are with a few examples?

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Re: Cryptocurrency

Post by BigChaCha » Wed Nov 03, 2021 11:36 am

The biggest difference between this and traditional investing is that crypto could disappear overnight and become utterly worthless.
Some coins/tokens can but then, some stocks can and many have or at least lost their total value overnight!... If you think that 'crypto could disappear overnight', then you need to do some serious research or not comment on something you clearly know nothing about!

Do you honestly think something that is so intertwined with other traditional technologies, invested in with blue-chip companies, institutional investors, banks, Governments, PayPal and increasing pension fund interest is just going 'disappear overnight' :lol:
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RVclaret
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Re: Cryptocurrency

Post by RVclaret » Wed Nov 03, 2021 11:37 am

https://www.ft.com/content/810367e5-e0b ... 012a177437

FT is free to read for non-subscribers today. A good article on the Albanian 1990s DeFi pyramid scheme and crypto today.

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Re: Cryptocurrency

Post by ClaretAndJew » Wed Nov 03, 2021 11:41 am

BigChaCha wrote:
Wed Nov 03, 2021 11:14 am
Apparently, the person who has a wallet that turned an 8k Shiba 'investment' into billions has now been confirmed to be active and is shifting out Shiba in batches of a few hundred million at a time... It was first thought that the owner of the wallet could be dead because it was untouched for so long but he/she has been taking profits over the last week... Probably the best 'investment' in history!
Yes. I've seen the screen shots. $8000 on a whim and now he's a billionaire.

I imagine this brings Shiba down considerably, for the time being at least. I bought in at 000007. Anything at this point is a bonus and I've already taken out my original stake so I'm playing with free money.
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RVclaret
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Re: Cryptocurrency

Post by RVclaret » Wed Nov 03, 2021 11:44 am

ClaretAndJew wrote:
Wed Nov 03, 2021 11:41 am
Yes. I've seen the screen shots. $8000 on a whim and now he's a billionaire.

I imagine this brings Shiba down considerably, for the time being at least. I bought in at 000007. Anything at this point is a bonus and I've already taken out my original stake so I'm playing with free money.
Important to know he/she/they is a billionaire on paper. I have seen some suggestions that in order to sell all of these coins it would end up with a ~99% hit on profits when considering the liquidity needed to sell, transaction fees etc. BigChaCha suggests they are selling in $100m chunks so perhaps could share the knowledge of where this info has come from?

cockneyclaret
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Re: Cryptocurrency

Post by cockneyclaret » Wed Nov 03, 2021 11:45 am

claret2018 wrote:
Wed Nov 03, 2021 11:15 am
The biggest difference between this and traditional investing is that crypto could disappear overnight and become utterly worthless. The FTSE100 isn’t going to vanish into thin air.

It’s more akin to a pyramid scheme, which is fine if everyone keeps going along with it but my fear would be the whole thing collapses after a while.

But then again I’m a cautious investor. I’d rather keep my cash in the bank, or spend it.
Each to there own I guess.. more chance of Burnley going bust than crypto disappearing over night.
Crypto is now ingrained into countries, banks, private investors, companies, small fry like us, if they can make money they will own crypto.

claret2018
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Re: Cryptocurrency

Post by claret2018 » Wed Nov 03, 2021 11:47 am

Agreed it *probably* isn’t going anywhere, but it’s not for me. Good luck to anyone investing in it.

The danger as I see it is people who think they understand it and put all their cash into it.

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Re: Cryptocurrency

Post by ClaretAndJew » Wed Nov 03, 2021 11:52 am

RVclaret wrote:
Wed Nov 03, 2021 11:44 am
Important to know he/she/they is a billionaire on paper. I have seen some suggestions that in order to sell all of these coins it would end up with a ~99% hit on profits when considering the liquidity needed to sell, transaction fees etc. BigChaCha suggests they are selling in $100m chunks so perhaps could share the knowledge of where this info has come from?
Got some info from here all speculation of course. And indeed he will incur a ton of fees but better to be in his position than not.

https://www.reddit.com/r/Shibainucoin/c ... ame=iossmf

cockneyclaret
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Re: Cryptocurrency

Post by cockneyclaret » Wed Nov 03, 2021 11:54 am

Oh I get that 110%, people read the wrong things and end up buying a complete s##t coin and lose all there money.
Then cry scam etc.. I've been in this since late 2017 so know what I'm doing. But to a new investor there's probably 60% out there giving poor advice.
But you can weed out the bull#hiters and find some very genuine people.
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cockneyclaret
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Re: Cryptocurrency

Post by cockneyclaret » Wed Nov 03, 2021 12:00 pm

Newcastleclaret93 wrote:
Mon Nov 01, 2021 12:25 pm
Looking like November is going to be a good month for Alt coins has anyone got any more recommendations?
Mir (mirror protocol) and anc (anchor protocol) are good buys

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Re: Cryptocurrency

Post by NRC » Wed Nov 03, 2021 12:10 pm

ClaretAndJew wrote:
Wed Nov 03, 2021 11:41 am
Yes. I've seen the screen shots. $8000 on a whim and now he's a billionaire.

I imagine this brings Shiba down considerably, for the time being at least. I bought in at 000007. Anything at this point is a bonus and I've already taken out my original stake so I'm playing with free money.
I just caught up with this thread and went utterly green with envy at the fellow clarets that were buying into SHIB back in May. Hats off to you all. I bought $1k 3 weeks ago, took my stake back last week and now playing with profit, like C&J, currently $1,600

Other than that all my punts are pretty flat
COMP
AMP
STORJ is off

I just bought into LRC.

Overall, like KateR, I earn better than the bank just from playing on the sidelines. I’m probably making 6% APR. like everyone else, I’m hoping for one to run, but in reality the volatility and ,y amateur is tic approach to it means I should probably move into USDT

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Re: Cryptocurrency

Post by Newcastleclaret93 » Wed Nov 03, 2021 12:12 pm

NRC wrote:
Wed Nov 03, 2021 12:10 pm
I just caught up with this thread and went utterly green with envy at the fellow clarets that were buying into SHIB back in May. Hats off to you all. I bought $1k 3 weeks ago, took my stake back last week and now playing with profit, like C&J, currently $1,600

Other than that all my punts are pretty flat
COMP
AMP
STORJ is off

I just bought into LRC.

Overall, like KateR, I earn better than the bank just from playing on the sidelines. I’m probably making 6% APR. like everyone else, I’m hoping for one to run, but in reality the volatility and ,y amateur is tic approach to it means I should probably move into USDT
I watched an interesting video the other day. A crypto investor invested 50k into stable coins and over a year got returns of 11%. He was theorising that stable coins will replace bank savings

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Re: Cryptocurrency

Post by RVclaret » Wed Nov 03, 2021 12:24 pm

The question is, will stablecoins still be stable when they *eventually* become regulated?

Another question - where are Tether's billions?

https://www.bloomberg.com/news/features ... oin-tether

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Re: Cryptocurrency

Post by Forgotten » Wed Nov 03, 2021 12:32 pm

BigChaCha wrote:
Wed Nov 03, 2021 10:51 am
Sorry to hear that!... How did you get caught out on AMP with a lot of money? Are you a short-term trader or did you buy at the top and then you lost your nerve and sold? AMP is probably one of the most predictable/stable growth tokens in my portfolio! They are having some amazing adoption too. It is only about 5% of my holdings but I still made enough from AMP to buy a few houses in Burnley :D
So you made a tenner?

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Re: Cryptocurrency

Post by tarkys_ears » Wed Nov 03, 2021 2:28 pm

Forgotten wrote:
Wed Nov 03, 2021 12:32 pm
So you made a tenner?
He's talking absolute shite. Leave him alone.

I'm not sure this ain't charlie

Forgotten
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Re: Cryptocurrency

Post by Forgotten » Wed Nov 03, 2021 4:29 pm

tarkys_ears wrote:
Wed Nov 03, 2021 2:28 pm
He's talking absolute shite. Leave him alone.

I'm not sure this ain't charlie
You’ve lost me, I thought there was more going on in between Tarks ears?

KateR
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Re: Cryptocurrency

Post by KateR » Wed Nov 03, 2021 10:36 pm

claret2018 wrote:
Wed Nov 03, 2021 11:15 am
The biggest difference between this and traditional investing is that crypto could disappear overnight and become utterly worthless. The FTSE100 isn’t going to vanish into thin air.

It’s more akin to a pyramid scheme, which is fine if everyone keeps going along with it but my fear would be the whole thing collapses after a while.

But then again I’m a cautious investor. I’d rather keep my cash in the bank, or spend it.
I think your views are like many in the world and here, you simply don't understand it and therefore it's a pyramid scheme, the market is in Trillions of $, this not a few million or even billion, Bitcoin alone has a higher market cap than Tesla. I say this not in a derogatory way but as someone with exactly the same views as you up until March 2021, that is when my eyes were open when my son suggested looking at HNT and the Helium business model. That was my light bulb moment and from there I started researching other opportunities and was totally surprised with how much I had underestimated crypto and the fundamentals, where there are a huge amount of good real life business cases funded by crypto applications.

If you're keeping your cash in the bank and spending it then you're not an investor at all? I started my investing decades ago, I knew nothing, went in very small, tried things out and learned, I've managed to build up an extensive portfolio in the stock market through shares and bonds, all part of that final retirement plan and none gone to crypto.

In March, I started my crypto journey, since I was going to start two new businesses with my sons, one in the UK and one in the US, I decided I needed to put a lot of time and effort into the whole thing and start my own crypto portfolio without touching the others, I'm far from on the sidelines watching passive income but its an important part of the overall strategy because long term it really compounds and builds. I had a substantial bank out that in September was closed because all the funds were transferred over months to various crypto's, I now have 26 different projects, millions of SHIB bought and doing well, USDC stable coin held and getting 10% per annum return, compound after every three months, today I got my USDC stake back, added the interest earned over the last 3 months and staked again within hours for another 3 months.

I have numerous coins that have doubled, have a few that have tripled and some quadrupled, highest gain was buying EGLD for $60, today it's standing around $300. Just to note I have no BTC/ETH in my 26 projects, several of mine hitting the ATH in the last 2 weeks but I'm not a day trader and holding for the long haul.

If you looked at my previous post regarding DeRace which is to me a fun investment, it's to do with horse racing and building your own NFT horses, racing them using blockchain, it gained 35% since my last post, it's a risky one but I'm betting a lot of people like horse racing. The AUDIO I mentioned has been developed for singers/song writers to use for there talents and ensuring complete trust through the blockchain, I'm betting a lot will migrate there and you can already find out who has joined from the music world.

Regarding banks, couple of things you can easily check yourself, $100,000 today would be equivalent to ~ $59,000 2010!! A Disney ticket in 2010 would have cost you $41, today the same ticket is $164. So if you're "investing" in a bank account, your not really investing at all are you?

In just a few months I have seen how crypto adoption is growing, it will be main stream, maybe not next year, but it wont be long I'm betting before a few sceptics here change their mind and start to dabble.

AS EVERYONE KNOW; IT'S RISKY, DON'T INVEST WHAT YOU CAN'T AFFORD TO LOSE, BEWARE OF SCAMS, DO YOUR OWN RESEARCH (plenty of places to check/confirm before buying)

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Re: Cryptocurrency

Post by KRBFC » Thu Nov 04, 2021 8:09 am

KateR wrote:
Wed Nov 03, 2021 10:36 pm


If you looked at my previous post regarding DeRace which is to me a fun investment, it's to do with horse racing and building your own NFT horses, racing them using blockchain, it gained 35% since my last post, it's a risky one but I'm betting a lot of people like horse racing. The AUDIO I mentioned has been developed for singers/song writers to use for there talents and ensuring complete trust through the blockchain, I'm betting a lot will migrate there and you can already find out who has joined from the music world.
Any interest in SoRare? I recently bought in. They've signed a ton of top clubs exclusively, including the full licencing of La Liga and Bundesliga. I'm not a huge fan of NFT art, the fantasy football style utility from the NFT is what got me initially interested.
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Re: Cryptocurrency

Post by NRC » Thu Nov 04, 2021 10:38 am

@KateR
How do you make interest in USDC? I moved cash I had sitting in Coinbase into USDT and if I’m honest with myself I don’t really know why. My cash was anyway there on the exchange, so what’s the gain/point?

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Re: Cryptocurrency

Post by Lowbankclaret » Thu Nov 04, 2021 6:13 pm

Newcastleclaret93 wrote:
Wed Nov 03, 2021 10:03 am
Make sure you don’t forget to pay your tax if you start with crypto.

I couldn’t recommend it higher to anyone. However make sure you do your own research and don’t solely rely on others.
Yes I understand, should I make any real money I will use my pension advisors to make sure I comply with the law. I always do my own research except with in my syndicate where we share all our findings.

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Re: Cryptocurrency

Post by Carport » Thu Nov 04, 2021 6:53 pm

KRBFC wrote:
Thu Nov 04, 2021 8:09 am
Any interest in SoRare? I recently bought in. They've signed a ton of top clubs exclusively, including the full licencing of La Liga and Bundesliga. I'm not a huge fan of NFT art, the fantasy football style utility from the NFT is what got me initially interested.
Yes I’ve been on there since March. Great platform. Expecting the Premier League to be licensed this season. 80% ROI to date.
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Re: Cryptocurrency

Post by KateR » Thu Nov 04, 2021 10:12 pm

KRBFC wrote:
Thu Nov 04, 2021 8:09 am
Any interest in SoRare? I recently bought in. They've signed a ton of top clubs exclusively, including the full licencing of La Liga and Bundesliga. I'm not a huge fan of NFT art, the fantasy football style utility from the NFT is what got me initially interested.
Sorry it's one I don't know so never checked it out, as previously mentioned I have bought CHZ, which is affiliated with football and fans, I believe Juventus are one of the leading clubs

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Re: Cryptocurrency

Post by KateR » Thu Nov 04, 2021 10:15 pm

NRC wrote:
Thu Nov 04, 2021 10:38 am
@KateR
How do you make interest in USDC? I moved cash I had sitting in Coinbase into USDT and if I’m honest with myself I don’t really know why. My cash was anyway there on the exchange, so what’s the gain/point?
depends upon which exchange you are using, for me I use crypto.com as the exchange, they will provide 10%/annually when you sign up to earn (stake) your USDC, I avoided USDT because of there issues with the SEC. I have no idea what Coinbase are doing, but I expect it's something similar

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Re: Cryptocurrency

Post by KRBFC » Thu Nov 04, 2021 11:41 pm

KateR wrote:
Thu Nov 04, 2021 10:12 pm
Sorry it's one I don't know so never checked it out, as previously mentioned I have bought CHZ, which is affiliated with football and fans, I believe Juventus are one of the leading clubs
It's an NFT game based around ETH. You buy/sell different scarcities of players and build specific lineups to play 5 aside fantasy football (2 game weeks per week). There's like 20+ different leagues to enter twice a week, unlimited entries. They have some of the biggest clubs licenced, including the full Bundesliga and La Liga, hoping the PL follows. The scoring is based on OPTA coverage.

SoRare.com
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Re: Cryptocurrency

Post by KateR » Fri Nov 05, 2021 1:40 pm

Lowbankclaret wrote:
Tue Nov 02, 2021 11:40 pm
It is a big maybe, I had a punt on crypto about a year ago. I have been buying and selling for a year. I am £100 down over the year. I gave my daughter some money to open an account and said split it between Bitcoin and Ethereum, she is up just unde 100%.
Thing with crypto it’s no different to gambling. You have to accept you might lose all your money.
But to be fair that can happen with shares to.
Hi Lowbank, I thought that's interesting, I'm sure BTC & ETH are up a lot more than 100%, so I went and checked out of curiosity, this last year has been really good for most crypto buyers who have researched and found solid projects, quite a few are still lingering and waiting to jump because fundamentals and announced future plans for improvements are coming out. The pictures tell a good story if anyone had just invested in the two "blue stock" crypto's for a year. Not bad returns in anyone's book in my opinion, of course they're now where near as good as SHIB :lol:

I compare to my long standing S&P 500, took 7 years compounding to make 100%, so there are alternative investments, risky but certainly more gains
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Re: Cryptocurrency

Post by KateR » Fri Nov 05, 2021 1:52 pm

and just for that comparison with everyone's favorite coin
ONE YEAR RESULTS
BTC: +429.73%
ETC: +892.21%
SHIB: +29,096,166%
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Re: Cryptocurrency

Post by NRC » Fri Nov 05, 2021 2:30 pm

KateR wrote:
Thu Nov 04, 2021 10:15 pm
depends upon which exchange you are using, for me I use crypto.com as the exchange, they will provide 10%/annually when you sign up to earn (stake) your USDC, I avoided USDT because of there issues with the SEC. I have no idea what Coinbase are doing, but I expect it's something similar
Thanks Kate….. I just moved it into XTZ, where I think I’ll let it sit. I have $1,000 in cash in Coinbase right now…. I’m looking to put it somewhere. BTC/ETH too rich right now…

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