Still going with BTC, ETH, LINK & VET. Vechain was first thing I bought so might spread that out into some other things soon. Hopefully market gets another leg higher this month. Bit concerned there's too much reliance on this cycle playing out as other post-halvings but time will tell....
Nah bee coin, can invite you if you want to download the app and you just gotta press a button every 24 hours and it unlocks tokens for you. Have about £7 worth at the moment 😂
Been a roller coaster few weeks in the Crypto world.
I've not had a great deal of time this past month, but currently I'm up 35% since I started around 2 months ago, as most will know I dip in and out fairly quickly if I can and bank profit. Not currently in at the moment,
Only up 4% total on numerous Bitcoin purchases since February. The rest are even or down from buy-in price. Crypto is so difficult to predict (when you don't know what you are doing). I kept a watch on Polygon and Compound this last week and if I hadn't bought Bitcoin for safety last weekend they would have been my punt. Oh well. Not the 100's% returns some have realised, but I have played pretty safe with Bitcoin.
Only up 4% total on numerous Bitcoin purchases since February. The rest are even or down from buy-in price. Crypto is so difficult to predict (when you don't know what you are doing). I kept a watch on Polygon and Compound this last week and if I hadn't bought Bitcoin for safety last weekend they would have been my punt. Oh well. Not the 100's% returns some have realised, but I have played pretty safe with Bitcoin.
Because it's so volatile you need to get in and out,
Only up 4% total on numerous Bitcoin purchases since February. The rest are even or down from buy-in price. Crypto is so difficult to predict (when you don't know what you are doing). I kept a watch on Polygon and Compound this last week and if I hadn't bought Bitcoin for safety last weekend they would have been my punt. Oh well. Not the 100's% returns some have realised, but I have played pretty safe with Bitcoin.
Because it's so volatile you need to get in and out,
With the volatility the way it has been, I'm the most 'in-profit' I have been since starting 2-3 months ago. You mention getting in and out, so are you suggesting that now is a good time to withdraw from the market having made £150+ on a £3500+ outlay.
I'm using Coinbase which charges around 4% to buy and 3% to sell, that requires at least a 7% swing before any profit is achieved. Also the buy price is significantly higher than the sell price, thus even more gain is necessary for profit. In my ownership there has been very little opportunity to take out, with profit, albeit despite the huge volatility.
Without knowledge of other trading platforms, is Coinbase significantly more expensive to trade?
Cool we’re at that part of the cycle where celebs are poorly researching Bitcoin.
Yeah.....WTF could Warren Buffet and Bill Gates possibly know about the principles of finance and technology underlying cryptocurrency.
because Warren Buffet has been and is horrendously wrong on bitcoin. Would you trust anyone's opinion on an asset that balloons to a trillion dollar market cap after they say it will go to zero? He's dropped the ball on bitcoin and probably wont ever admit so.
I literally lol'd my ass off at maher saying the banking system is "real" - it isn't almost by definition. The only thing holding the financial systems together is quite literally trust - what's more trust worthy than mathematics?
For all those people laughing.....when they realise it'll be too late
Wait til a Financial Times article is posted - probably the biggest culprit for poorly researched Bitcoin articles. Some one posted one on the savings and investment thread that scoffed that “of course” more than the initial limited supply will be minted - sure thing, if literally 51% of Bitcoin owners want to choose to make their investment devalue significantly that can happen - but it won’t. This was literally published by one of the most well respected publications in the world, it’s fucking crazy.
It’s like reading articles written by fax machine manufacturers in the early 90’s claiming the internet is a fad, “what happens when some one wants to ring you?”
If you had to recommend a crypto investment for a novice- what would you choose? Looking to buy in but not sure. I have a mate that is guiding me initially but wanted some CL input also. This thread has been very useful.
If you had to recommend a crypto investment for a novice- what would you choose? Looking to buy in but not sure. I have a mate that is guiding me initially but wanted some CL input also. This thread has been very useful.
bitcoin and ethereum. Bitcoin is digital gold, ethereum digital oil.
Comments
I've not had a great deal of time this past month, but currently I'm up 35% since I started around 2 months ago, as most will know I dip in and out fairly quickly if I can and bank profit. Not currently in at the moment,
Maybe not
I'm using Coinbase which charges around 4% to buy and 3% to sell, that requires at least a 7% swing before any profit is achieved. Also the buy price is significantly higher than the sell price, thus even more gain is necessary for profit. In my ownership there has been very little opportunity to take out, with profit, albeit despite the huge volatility.
Without knowledge of other trading platforms, is Coinbase significantly more expensive to trade?
Binance is cheaper than coinbase, which is where I buy most of my crypto from.
and 2040...
and 2050...
I literally lol'd my ass off at maher saying the banking system is "real" - it isn't almost by definition. The only thing holding the financial systems together is quite literally trust - what's more trust worthy than mathematics?