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Cryptos
Comments
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Be nice to see ZIL break through that 0.084 resistance barrier.1
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Bitcoin 48k .... 100k soon !
edit it was just shy of 47k wibble wibble
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Been following this thread for months without really looking into cryptos properly.Thinking of dipping my toes in, but only got around £1,000 that I am willing to risk
couple of questions:
what is the best platform to use for a newbie
want to be able to easily set up the stop losses.For such a small amount to invest I would probably not bother with BTC.
Sounds like ETH ZIL and ADA are highly thought of on here. Would you stick the grand on one of them or split the stake amongst 2 or all 3 of them ?0 -
Easiest to use will be binance in my opinion and I'd say split the amount between 2 or 3.MrOneLung said:Been following this thread for months without really looking into cryptos properly.Thinking of dipping my toes in, but only got around £1,000 that I am willing to risk
couple of questions:
what is the best platform to use for a newbie
want to be able to easily set up the stop losses.For such a small amount to invest I would probably not bother with BTC.
Sounds like ETH ZIL and ADA are highly thought of on here. Would you stick the grand on one of them or split the stake amongst 2 or all 3 of them ?3 -
Will cryptos ever take off fully in use as actual currencies? At the moment it seems like they are a digital version of gold/silver but more volatile.0
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Best not to look at them as currencies. They’re between a store of value and tokens to access utilities imo. Bitcoin is probably the only crypto that was built to replace money, even then it’s better as a store of value imo.hoof_it_up_to_benty said:Will cryptos ever take off fully in use as actual currencies? At the moment it seems like they are a digital version of gold/silver but more volatile.If you look at the defi space it’s incredibly exciting how they’ve replicated and created brand new ways of lending/other financial instruments. We’re still at the beginning.0 -
Looks like a good day for ethereum. Broke through all time high again and at $1800, a lot of volume to back it up since 8am too!0
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As a financial instrument they're deeply flawed due to their volatility - they remain primarily in the hands of speculators. I can't see how they can be a viable financial instrument for businesses without regulation.kentaddick said:
Best not to look at them as currencies. They’re between a store of value and tokens to access utilities imo. Bitcoin is probably the only crypto that was built to replace money, even then it’s better as a store of value imo.hoof_it_up_to_benty said:Will cryptos ever take off fully in use as actual currencies? At the moment it seems like they are a digital version of gold/silver but more volatile.If you look at the defi space it’s incredibly exciting how they’ve replicated and created brand new ways of lending/other financial instruments. We’re still at the beginning.
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Wuthoof_it_up_to_benty said:
As a financial instrument they're deeply flawed due to their volatility - they remain primarily in the hands of speculators. I can't see how they can be a viable financial instrument for businesses without regulation.kentaddick said:
Best not to look at them as currencies. They’re between a store of value and tokens to access utilities imo. Bitcoin is probably the only crypto that was built to replace money, even then it’s better as a store of value imo.hoof_it_up_to_benty said:Will cryptos ever take off fully in use as actual currencies? At the moment it seems like they are a digital version of gold/silver but more volatile.If you look at the defi space it’s incredibly exciting how they’ve replicated and created brand new ways of lending/other financial instruments. We’re still at the beginning.
you can take an AAVE contract out on stablecoins - how is that useless as a financial instrument?0 -
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Lmao it’s 0.097, I thought it had 10x suddenly and you were now a millionaire but well done.CAFCsayer said:1 -
Only has to grow 10x and I will be!!! Not even that actually, 0.91c to be precise.kentaddick said:
Lmao it’s 0.097, I thought it had 10x suddenly and you were now a millionaire but well done.CAFCsayer said:0 -
kentaddick said:
Lmao it’s 0.097, I thought it had 10x suddenly and you were now a millionaire but well done.CAFCsayer said:
Hahahha, I wish... sadly 0.097!
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I wasn't really referring to the crypto world - I was looking at mainstream applications. I'm just making the point that the lack of regulation/volatility make it unsuitable for many applications.kentaddick said:
Wuthoof_it_up_to_benty said:
As a financial instrument they're deeply flawed due to their volatility - they remain primarily in the hands of speculators. I can't see how they can be a viable financial instrument for businesses without regulation.kentaddick said:
Best not to look at them as currencies. They’re between a store of value and tokens to access utilities imo. Bitcoin is probably the only crypto that was built to replace money, even then it’s better as a store of value imo.hoof_it_up_to_benty said:Will cryptos ever take off fully in use as actual currencies? At the moment it seems like they are a digital version of gold/silver but more volatile.If you look at the defi space it’s incredibly exciting how they’ve replicated and created brand new ways of lending/other financial instruments. We’re still at the beginning.
you can take an AAVE contract out on stablecoins - how is that useless as a financial instrument?
Speculation drives it - that's what most of the conversation is about.0 -
Incorrect, scarcity drives it. Why do you think each bull run like this coincides with Bitcoin mining rewards halving?hoof_it_up_to_benty said:
I wasn't really referring to the crypto world - I was looking at mainstream applications. I'm just making the point that the lack of regulation/volatility make it unsuitable for many applications.kentaddick said:
Wuthoof_it_up_to_benty said:
As a financial instrument they're deeply flawed due to their volatility - they remain primarily in the hands of speculators. I can't see how they can be a viable financial instrument for businesses without regulation.kentaddick said:
Best not to look at them as currencies. They’re between a store of value and tokens to access utilities imo. Bitcoin is probably the only crypto that was built to replace money, even then it’s better as a store of value imo.hoof_it_up_to_benty said:Will cryptos ever take off fully in use as actual currencies? At the moment it seems like they are a digital version of gold/silver but more volatile.If you look at the defi space it’s incredibly exciting how they’ve replicated and created brand new ways of lending/other financial instruments. We’re still at the beginning.
you can take an AAVE contract out on stablecoins - how is that useless as a financial instrument?
Speculation drives it - that's what most of the conversation is about.0 -
hmmm... might close my position, not liking the look of the fat ass wick on this 4hr candle. Will sit tight for now, may dip back to 1660 before going up again.kentaddick said:Looks like a good day for ethereum. Broke through all time high again and at $1800, a lot of volume to back it up since 8am too!0 -
yeah spilt the money and take advantage of stuff like staking, it's a good time to invest, and everyone should get their chance to wet their beaks on this.cafcpolo said:
Easiest to use will be binance in my opinion and I'd say split the amount between 2 or 3.MrOneLung said:Been following this thread for months without really looking into cryptos properly.Thinking of dipping my toes in, but only got around £1,000 that I am willing to risk
couple of questions:
what is the best platform to use for a newbie
want to be able to easily set up the stop losses.For such a small amount to invest I would probably not bother with BTC.
Sounds like ETH ZIL and ADA are highly thought of on here. Would you stick the grand on one of them or split the stake amongst 2 or all 3 of them ?1 -
Broken 10c!CAFCsayer said:kentaddick said:
Lmao it’s 0.097, I thought it had 10x suddenly and you were now a millionaire but well done.CAFCsayer said:
Hahahha, I wish... sadly 0.097!0 -
Let's gooooooo!cafcpolo said:
Broken 10c!CAFCsayer said:kentaddick said:
Lmao it’s 0.097, I thought it had 10x suddenly and you were now a millionaire but well done.CAFCsayer said:
Hahahha, I wish... sadly 0.097!1 -
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ZIl getting sent, just broke 11 cents1
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I've got 500 ZIL, I'm going to be rich aren't I?0
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Like a dick i had a sell order for .95 and hadn't been paying attention. Hoping for another dip and get back in at .7.kentaddick said:ZIl getting sent, just broke 11 cents0 -
I bought smalls more at 10.50... I think we close around 12 cents today2
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Definitely staying out of ETH for now. Second time it’s been rejected at 1840ish, thinking a dip back to 1600-1650 is likely.0
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Ada to the moon 🚀0
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If they make the same price as Bitcoin is now, I'm loaded!Rothko said:Ada to the moon 🚀
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haha, £5 makes me a comfy return, £10 I'm laughing, anything about that is bonus time.
Then there is the staking returns which is just free money0
