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Investing in Ethereum & tokens


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  • 2 years later...

Funny you mention as I put $100 dollars just as an experiment at the weekend. Closed it quite soon afterwards but looked like bad timing but obviously that amount was not using as a serious investment

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My MD is a big believer in BTC specifically, and an avid follower of Michael Saylor. He (my MD) put a significant amount of the business' cash into bitcoin around August last year, and is now around 4x on this investment. Don't think I would have the balls for that, but fortune favours the brave.

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I have a few coins from a while ago. Mostly BTC & ETH but also some BAT which hasn't done a lot. 

At the previous BTC peak of $20k I was doing alright. I got carried away and fucked up buying some altcoins some of which went to shit, one of them even got delisted. 

I got pissed off with myself and sold them all apart from BAT, consolidated into BTC and ETH and ignored it for a 18 months. The recent rise has got me someway back towards where I was but I probably lost 50% compared to what if have had if I'd just left it in the 2 main coins and not basically gambled it on shitty moonshots. 

Didn't get involved in GameStop although I love what Reddit did.

 

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Anyone got into crypto currencies through ARB or OTC? Crypto shares. Rightly or wrongly I think they are easier to trade in than buying the currencies themselves.

I haven't dabbled yet and am watching. There is some money to be made here but they are still too volatile for  my liking.

 

Edited by Tamesaint
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21 hours ago, Tamesaint said:

Anyone got into crypto currencies through ARB or OTC? Crypto shares. Rightly or wrongly I think they are easier to trade in than buying the currencies themselves.

I haven't dabbled yet and am watching. There is some money to be made here but they are still too volatile for  my liking.

 

I just bought BTC or ETH from coinbase and then traded some. 

It's insanely volatile. There's definitely money to be made if you have a lot of time to research coins and study charts but even then there's huge investors who can wreck you in no time by manipulating the market. 

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  • 1 month later...
  • 2 months later...
On 09/03/2021 at 15:50, OldNick said:

Bitcoin consumes 'more electricity than Argentina' - BBC News  This is amazing, I had never considered the energy use of 'mining' this product. 

Will this turn the sentiment of the young against this 'currency'? I really still cant see why it is so popular and to me am sceptical , but it seems now the media are talking it up that it is going to rush on

10% drop in value today because Elon Musk sent out a tweet!

https://www.bbc.co.uk/news/business-57096305

Anyone investing their hard earned into an unregulated industry with zero guarantees and culpability needs their head read!

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In fairness, it went up in the first place because Tesla bought a big chunk. Clearly the market is being manipulated here and I wouldn't be surprised if Musk does buy up again on the sly if the price drops further.

I've invested about 400 pounds and my portfolio is currently worth 1,200 pounds, largely in Ethereum.

If I lose the 400 it's no big deal to me but if Ethereum balloons in the way Bitcoin did then that 400 quid will cover the deposit on an investment property.

Obviously people shouldn't be spaffing their life savings here but as an affordable gamble it seems stupid not to get involved, IMO.

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I have a bottle of air for sale, Im branding it 'Air Gold' IMo has the same value as a Bitcoin, all I need is Musk to endorse it and send it to the moon, then Im quids in.

Once I get a person to buy it, they then sell it on many times, splitting it into many pieces to make this ponzi scheme to really work.

Of course I / they will cash out just before pulling the rug.

To be fair this product has lasted a lot longer than I predicted, and so I may be left rueing not joining the parade. 

 

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I nearly bought about £20 worth of bitcoins years ago as some dodgy company wanted payment in them.  Can't remember how many £20 bought in those days but it was quite a few, close to pound for pound IIRC.  I ultimately decided against the dodgy purchase so didn't bother getting the bitcoins.  I could easily have done so though and just as easily not bothered to get my money back and left them sitting there.  Imagine that.  I daydream about it.  

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3 hours ago, AlexLaw76 said:

how does one buy this kind of thing?  I have read/heard of all sorts of methods if you want get into the Pirate Chain/SafeMoon action

All seems weird!

Sign up to Binance or Coinbase. Deposit some money, buy some bitcoin or Ethereum. I guess Safemoon is an Ethereum based token but I'm not sure what exchange it's on so you might have to sign up to a different exchange and move Eth across to trade for Safemoon. It's all quite easy really.

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It comes to something when even the Chinese think cryptocurrency is dodgy!!

https://www.bbc.co.uk/news/business-57169726

Quote

The price of Bitcoin has fallen below $34,000 (£24,030) for the first time in three months, after China imposed fresh curbs on crypto-currencies.

Beijing on Tuesday banned financial institutions and payment companies from providing services related to cryptocurrency transactions.

It also warned investors against speculative crypto trading.

 

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2 hours ago, Weston Super Saint said:

It comes to something when even the Chinese think cryptocurrency is dodgy!!

https://www.bbc.co.uk/news/business-57169726

 

Weirdly it hit a low of exactly £30k and has since rebounded to nearly £40k in 5 hours. 

Governments don't like it because it takes their power over finances away.

It's obviously hugely volatile and will be until there's some sort of regulation which will probably come at some point.

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The financial markets have been mostly gambling for sometime now, it only makes sense to take underlying assets out of the picture and just bet against each other, I cannot see anything going wrong.

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