World of crypto

[NottsRam77]

Just wandering if anyone else have had any success in the current bull run( which may or may not be ending soon)

my best mate has made an absolute killing in it ... like made more money this year than he’s early in the last 10.

we talk about all things crypto most days (in the absence of Derby) and although personally I think it’s too late / risky to be getting into alt coins atm the whole space just fascinates me 

there’s a whole world of decentralised finance that we’re both looking to get into where u can stake money be it crypto or regular fiat currency and get very healthy returns 

my plan is to do this and build a pot ready to take advantage of the next bear run

just wandered if any other rams were dabbling in this space and fancied exchanging views 

 

Edited June 5, 2021 by NottsRam77

[Tyler Durden]

I had an encounter with cryptosporidium a few months ago, was pooing through the eye of a needle for a week.  

[Mostyn6]

Had a dabble about four years ago. Put about £500 in Bitcoin, Etherium and Litecoin. Think i got about £140 back. Was an absolute farce getting money back out from coinbase. Banks weren’t accepting transfers etc. Was a learning experience. 

[Day]

Just know that Elon Musk has the power to wipe out your investment with one tweet

[Eddie]

Why do you hate the planet?

[GboroRam]

I'm in for £100 of doge and £20 of shibu. I'll let you know when I'm a millionaire. 

[Stive Pesley]

On 06/06/2021 at 19:21, GboroRam said:

I'm in for £100 of doge and £20 of shibu. I'll let you know when I'm a millionaire. 

I mined a couple of doge coins about 10 years ago - lost the e-wallet though. Ah well

 

[GboroRam]

4 hours ago, Stive Pesley said:

I mined a couple of doge coins about 10 years ago - lost the e-wallet though. Ah well

 

Could be worth anything up to 70p that could

[Stive Pesley]

1 hour ago, GboroRam said:

Could be worth anything up to 70p that could

it's the regret that kills ya

[cstand]

Never done it myself thought about it but it’s unregulated and if you lose your wallet or forget your password for oldies like me it’s game over. Also cannot be placed in an ISA so you have to pay capital gains tax. Currently invested in shocks and scares currently own Argoblockchain, KR1 that’s enough for me for now.

[Leeds Ram]

On 05/06/2021 at 09:21, NottsRam77 said:

Just wandering if anyone else have had any success in the current bull run( which may or may not be ending soon)

my best mate has made an absolute killing in it ... like made more money this year than he’s early in the last 10.

we talk about all things crypto most days (in the absence of Derby) and although personally I think it’s too late / risky to be getting into alt coins atm the whole space just fascinates me 

there’s a whole world of decentralised finance that we’re both looking to get into where u can stake money be it crypto or regular fiat currency and get very healthy returns 

my plan is to do this and build a pot ready to take advantage of the next bear run

just wandered if any other rams were dabbling in this space and fancied exchanging views 

 

don't do it unless you really know what you're doing would be my advice. 

[NottsRam77]

14 hours ago, Leeds Ram said:

don't do it unless you really know what you're doing would be my advice. 

I’m not doing it for short term wins 

IMO I think digital currencies will happen in one form or another … we’re already halfway there with people have their regular bank cards digitally stored on their mobile phones

I’m cautious with all the alt coins as they tend to come and go but I firmly believe because of the protocol, Finite amount and traceability of Bitcoin it’s a sound investment for the long term 

look at its long term progress 

yes it’s gone up and down, down and up but over time as less and less is able to be mined and we get closer to that finite total it’s price IMO will continue to grow 

That all said I’m only investing what I can afford to lose 

[Leeds Ram]

2 hours ago, NottsRam77 said:

I’m not doing it for short term wins 

IMO I think digital currencies will happen in one form or another … we’re already halfway there with people have their regular bank cards digitally stored on their mobile phones

I’m cautious with all the alt coins as they tend to come and go but I firmly believe because of the protocol, Finite amount and traceability of Bitcoin it’s a sound investment for the long term 

look at its long term progress 

yes it’s gone up and down, down and up but over time as less and less is able to be mined and we get closer to that finite total it’s price IMO will continue to grow 

That all said I’m only investing what I can afford to lose 

It's not just the short term issues that are the problem, it's the same as betting on the stock market which I also wouldn't advise people to do unless they know exactly what they're doing as otherwise it's little more than spending your money at a casino.

I personally wouldn't touch bitcoin with a 10ft pole simply because of the energy consumption it requires to create which makes it the opposite of sustainable or long term from what I can see. 

[NottsRam77]

15 minutes ago, Leeds Ram said:

It's not just the short term issues that are the problem, it's the same as betting on the stock market which I also wouldn't advise people to do unless they know exactly what they're doing as otherwise it's little more than spending your money at a casino.

I personally wouldn't touch bitcoin with a 10ft pole simply because of the energy consumption it requires to create which makes it the opposite of sustainable or long term from what I can see. 

I don’t bet on anything 

 

 

 

Edited June 9, 2021 by NottsRam77

[Spanish]

17 minutes ago, Leeds Ram said:

It's not just the short term issues that are the problem, it's the same as betting on the stock market which I also wouldn't advise people to do unless they know exactly what they're doing as otherwise it's little more than spending your money at a casino.

I personally wouldn't touch bitcoin with a 10ft pole simply because of the energy consumption it requires to create which makes it the opposite of sustainable or long term from what I can see. 

there really is a whiff of ponsi about this stuff

[NottsRam77]

17 minutes ago, Spanish said:

there really is a whiff of ponsi about this stuff

There is an element to it 

but then it is even at a trillion dollars a very thin market that can be easily manipulated by various institutions that feel there can be money to be made in from the casual retail investor 

The alt coins I’m v v sceptical over many if not all bar ethereum 

Bitcoin does have a genuine use case as a store of value in a digital world 

but hey who knows 

My view is got to be in it to win it 

if I’d taken my mates advice in 2012 and bought a load when it was like £200 a Bitcoin I’d be the proud new owner of an East Midlands football club ? 

so maybe I should be grateful for small mercies 

Edited June 9, 2021 by NottsRam77

[Maestro]

Got into Crypto at the start of this year by buying some Ripple just before the dump. I've since grown my portfolio to Cardano, Ethereum, Binance coin, Bitcoin, Zilliqa and Ripple. It is pretty much my savings account this moment in time and was going amazingly during the bull run. Now we are in a bit of a bear market so things aren't going the way they were. I've also mined about $250 worth of Ethereum in a month which was a nice little pump for my holdings as well.

Edit: missing a word.

Edited June 9, 2021 by Maestro

[BucksRam]

Love to hear of people's experiences here.  It's something I've thought of but know very little about.  Friend of mine recently tapped me up to suggest I dabble (low money investment).  He's invested in a couple, for example VETHOR - think he stuck £15 in and last time I checked with him he'd had a 3000% uplift.  He also stuck £1500 in another, I forget which and as of last month it was worth £16,500.

Those figures alone make me tempted but those same figures could be worth zilch tomorrow so for me it'd be a case of set myself a profit threshold, hit it then cash out. 

[Maestro]

12 minutes ago, BucksRam said:

Love to hear of people's experiences here.  It's something I've thought of but know very little about.  Friend of mine recently tapped me up to suggest I dabble (low money investment).  He's invested in a couple, for example VETHOR - think he stuck £15 in and last time I checked with him he'd had a 3000% uplift.  He also stuck £1500 in another, I forget which and as of last month it was worth £16,500.

Those figures alone make me tempted but those same figures could be worth zilch tomorrow so for me it'd be a case of set myself a profit threshold, hit it then cash out. 

I've never had any kind of disposable income in my life until this year. I've probably put in around £400 so far and I'm about 50% up so far. This will probably be 200% by the end of the year and who knows at the end of the year after that. It's all about DCA (Dollar Cost Averaging) and buying during the bear markets; as long as you are buying in dips, you're never going to lose out if you decide to sell later.

[NottsRam77]

Two words why I believe in Bitcoin 

not all crypto but Bitcoin I do

quantitive easing 

It’s a store of value that intrinsically tied to the way the world is right now and like other physical assets is a solid store of value on a world where we will see more money be printed and the values of sad money decreased quicker than seen for a long time … due to COVID and the fall out