World of crypto

[Tamworthram]

9 hours ago, Igor_111 said:

Wow. I didn't realise this thread even existed here. 

For those that are into buying crypto, you could do far worse than to look at fegtoken.com. Will completely revolutionise the defi space. 

Passive e income to be earned everywhere you look. Personally, I'm hoping this enables me to do a 4 day working week rather than 5 initially. Hoping to retire within 3 years max. 

I can't really do it justice here so check out the website FAQs if interested. I promise you that you won't regret looking at least. 

Happy to answer any questions you may have. 

 

Unless you are some kind of expert on crypto currency’s I would say resist looking at all costs. Also, quotes like “will completely revolutionise the defi space” (whatever that means) sort of reminds me of some of quotes made by Dr Ruja Ignatova - “The missing Cryptoqueen” (I think the podcast is still available) about “OneCoin”.

[Bob The Badger]

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 

 

I put about $2k into BTC and Ethereum about two years ago and a mate did too at the same time.

All we ever said to each other was, 'leave it in, leave it in, leave it in' and 'don't panic, don't panic, don't panic'

We knew it was a long term thing.

Well, we knew that until the market started to slide and we were both spending hours a day tracking it and talking about it.

I'm proud to say he panicked and took all his out a full 12 hours before me.

On that $2k I made about $200 on ETC and lost about $200 on BTC.

I haven't looked in the last month or two, but at one stage that $2k would have been worth $5k if I hadn't had my spine replaced by a box of jelly fish.

[Bob The Badger]

FWIW, I think because of the finite amount, BTC almost has to do one of two things.

Crash entirely or continue rising jerkily.

If you look at it like going to Vegas and are prepared to lose money, rather than seeing it as an investment, there could still be a lot of money to be made.

I see it as betting on red or black when the odds are more in your favour than in a casino because I doubt it's going away - blockchain certainly isn't.

How much the odds are in favour is another question altogether though.

[NottsRam77]

It is a bit more than that though in my eyes … it’s not simply a bet 

it has a use case … a store of value in a rapidly moving digital world

it also has a finite amount that can ever be minted with a set end date.

forget all the others … maybe bar eth that has so many projects going off on its stupid 

 

[NottsRam77]

1 hour ago, Bob The Badger said:

I put about $2k into BTC and Ethereum about two years ago and a mate did too at the same time.

All we ever said to each other was, 'leave it in, leave it in, leave it in' and 'don't panic, don't panic, don't panic'

We knew it was a long term thing.

Well, we knew that until the market started to slide and we were both spending hours a day tracking it and talking about it.

I'm proud to say he panicked and took all his out a full 12 hours before me.

On that $2k I made about $200 on ETC and lost about $200 on BTC.

I haven't looked in the last month or two, but at one stage that $2k would have been worth $5k if I hadn't had my spine replaced by a box of jelly fish.

Love that though … I was the same in 2017 … balls dropped and my back in went 

bought at the then high … naively… if I had held I would have trebled my money in this cycles high.

Not making the same mistake twice 

[Igor_111]

On 25/06/2021 at 09:31, Stive Pesley said:

As someone who works in IT and has a basic grasp of blockchain/bitcoin, I have to say that I can't make head nor tail of that Fegtoken website

Is there not a basic explainer anywhere? Some actual real world examples of how it works maybe?

FEG is on both the BSC and ETH blockchains. Essentially you are buying the FEG token and are subject to the usual market forces. 

Where this token is different is as follows (this is by know means comprehensive) 

*Their own exchange first and firemost. Any other token can apply to list themselves on the exchange 

*The above will increase trading volume on the exchange. 

*As the token is deflationary, every single holder will get more tokens simply by holding. This took me a while to get my head around, but the concept is common now in defi 

*If you choose to stake, you will receive a proportion of the sell transaction fees. The amount you receive will be in proportion to the amount you have staked relative to the size of the overall pool 

* if you hold coins like Cardono, Doge etc etc, you can also enter them into a pool whereby you holding wil increase merely by holding. Sounds too good to be true right? It's not, ir works and is in operation. The more trades on that coin, the more you receive 

The above is only a very brief intro as I didn't want to confuse anyone even further. 

The value of the token will go up exponentially no doubt. As someone who is ultra Conservative by nature, I am convinced of this after thoroughly researching the product 4 months ago. It's just a matter of time to be honest. In the meantime, my holdings go up second by second. 

The whole idea is designed to earn passive income. The amounts projected are obscene. Truly obscene! If I can make a fraction of those projections, that equals retirement in 3 years max for me! 

[Igor_111]

On 25/06/2021 at 16:17, Tamworthram said:

Unless you are some kind of expert on crypto currency’s I would say resist looking at all costs. Also, quotes like “will completely revolutionise the defi space” (whatever that means) sort of reminds me of some of quotes made by Dr Ruja Ignatova - “The missing Cryptoqueen” (I think the podcast is still available) about “OneCoin”.

That's fair enough. I get the scepticism. I was also in that boat. Time will tell I guess. 

[Igor_111]

1 minute ago, Igor_111 said:

That's fair enough. I get the scepticism. I was also in that boat. Time will tell I guess. 

Do just as a reference point, this is the price of the token right now. We'll see where we are in a few months 

[Maestro]

How's everyone fairing? Over the past two months I've lost half of the value of all my coins. Still banking on ADA to let me retire early though.

[cstand]

1 hour ago, Maestro said:

How's everyone fairing? Over the past two months I've lost half of the value of all my coins. Still banking on ADA to let me retire early though.

Down 50% from ATH in Argo blockchain Bitcoin miner and KR1 but still well in profit.

KR1 investments can be seen here https://www.kryptonite1.co/investments

LSE forum chat

https://www.lse.co.uk/ShareChat.asp?ShareTicker=KR1.PL&share=Kr1-Plc

Edited June 27, 2021 by cstand
More info

[cstand]

On 11/06/2021 at 20:44, GboroRam said:

On 12/06/2021 at 12:57, GboroRam said:

I think the point is, fiat is also created out of thin air. Its entirely at the whim of government to create it. 

Isn't that the point though - effectively there's nothing behind fiat currency. Even when it was on the gold standard, it was backed by a fairly useless mineral that's not really that scarce. Now it's backed by a bank's promise, nothing more.

 

On 12/06/2021 at 19:12, cstand said:

So you support MMT and Gordon Brown selling half of our gold reserves cheap as chips? Unfortunately that’s the only conclusion I can take from your post.

On 13/06/2021 at 08:10, GboroRam said:

Yes, well done on derailing another thread. 

 

Not sure why you are being so defensive?  Anyway gold is used in mobile phones, TVs, computers, dentistry, medical, aerospace and a new role under the Base 111 agreement so hardly a fairly useless mineral.   The opinion that Governments are no longer required to store massive amounts of gold in bank vaults to help to underpin their currency because they can print money from thin air (MMT) is driving force for investors to seek investments in the crypto space where it cannot be devalued by Governments. 

The battle between bitcoin and gold as a store of value is very interesting Bitcoin could hit $500,000 if it reaches Golds present Market Cap but if a country such as China launches its own crypto currency partially backed by gold then gold could be the winner.

 

[GboroRam]

51 minutes ago, cstand said:

 

Not sure why you are being so defensive?  Anyway gold is used in mobile phones, TVs, computers, dentistry, medical, aerospace and a new role under the Base 111 agreement so hardly a fairly useless mineral.   The opinion that Governments are no longer required to store massive amounts of gold in bank vaults to help to underpin their currency because they can print money from thin air (MMT) is driving force for investors to seek investments in the crypto space where it cannot be devalued by Governments. 

The battle between bitcoin and gold as a store of value is very interesting Bitcoin could hit $500,000 if it reaches Golds present Market Cap but if a country such as China launches its own crypto currency partially backed by gold then gold could be the winner.

 

Gold has some uses but it doesn't derive its value from its usefulness. Plus its been a store of value long before any of your examples were a thing. 

If usefulness was a driver of value, oxygen would be a great store of value. 

[tinman]

I know someone on here was going on about clubs launching their own Bitcoin thing. Villa have just done it. But it looks a rather pointless exercise. It’s suppose to drive fan engagement but you don’t get a say on anything useful. At best you might make a few quid, but on the field or off the field activities doesn’t really make much difference. 

 

[Spanish]

7 minutes ago, tinman said:

I know someone on here was going on about clubs launching their own Bitcoin thing. Villa have just done it. But it looks a rather pointless exercise. It’s suppose to drive fan engagement but you don’t get a say on anything useful. At best you might make a few quid, but on the field or off the field activities doesn’t really make much difference. 

 

I used to collect Esso football coins

[Eddie]

On 28/06/2021 at 22:55, GboroRam said:

Gold has some uses but it doesn't derive its value from its usefulness. Plus its been a store of value long before any of your examples were a thing. 

If usefulness was a driver of value, oxygen would be a great store of value. 

Crikey. Don't give this government any ideas.

[Comrade 86]

Been a lurker on this thread for a little while but have been a little reticent to post. Here's the story...

A couple of years back, a fellow director and good friend at one of the firms I'm involved in began nagging me to get some money into Cardano. I had decent dividend due from the firm so eventually I sat down with him and got him to explain why he was so adamant that it would make a good investment. Put simply, his reasoning was: the pedigree of the brains trust behind Cardano, their core business strategy / mission statement and critically, their use of proof of stake protocols versus proof of work. Proof-of-stake blockchains are way more energy efficient than proof-of-work chains and this is absolutely key.

Long story short, I invested £20k at Christmas 2019, which was my entire dividend payment. My pal was in at the off and as of yesterday, his investment is worth in excess of $2,000,000. He has just made another significant investment in one other cryptocurrency which he plans to top up end of year. More on that in due course...

Anyway, the reason I mention this is not to gloat over how lucky I've been, but rather to pass on what I think is a solid tip. Cardano is nowhere near it's peak and remains highly investable, so if you have any money in the likes of Bitcoin or Ethereum (or down the back of the sofa), you could do a lot worse than moving a few grand, if not everything, into Cardano. There's no reason for anyone to take my word for it, I grant you, but at very least, but I'd urge you to do a little research for yourselves before dismissing the notion. 

[NottsRam77]

11 hours ago, 86 Hair Islands said:

Been a lurker on this thread for a little while but have been a little reticent to post. Here's the story...

A couple of years back, a fellow director and good friend at one of the firms I'm involved in began nagging me to get some money into Cardano. I had decent dividend due from the firm so eventually I sat down with him and got him to explain why he was so adamant that it would make a good investment. Put simply, his reasoning was: the pedigree of the brains trust behind Cardano, their core business strategy / mission statement and critically, their use of proof of stake protocols versus proof of work. Proof-of-stake blockchains are way more energy efficient than proof-of-work chains and this is absolutely key.

Long story short, I invested £20k at Christmas 2019, which was my entire dividend payment. My pal was in at the off and as of yesterday, his investment is worth in excess of $2,000,000. He has just made another significant investment in one other cryptocurrency which he plans to top up end of year. More on that in due course...

Anyway, the reason I mention this is not to gloat over how lucky I've been, but rather to pass on what I think is a solid tip. Cardano is nowhere near it's peak and remains highly investable, so if you have any money in the likes of Bitcoin or Ethereum (or down the back of the sofa), you could do a lot worse than moving a few grand, if not everything, into Cardano. There's no reason for anyone to take my word for it, I grant you, but at very least, but I'd urge you to do a little research for yourselves before dismissing the notion. 

Messaged u mate… we need to talk lol

[cstand]

Solana third gen crypto,  proof of  history quickest transactions if price drops I am buying.

 

[cstand]

On 29/08/2021 at 23:02, cstand said:

Solana third gen crypto,  proof of  history quickest transactions if price drops I am buying.

Up 20% in last 24hrs thought it would slow down and retrace after $100s now $117 

[NottsRam77]

On 31/08/2021 at 07:03, cstand said:

On 29/08/2021 at 23:02, cstand said:

Solana third gen crypto,  proof of  history quickest transactions if price drops I am buying.

Up 20% in last 24hrs thought it would slow down and retrace after $100s now $117 

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Dont… my Best mate whos done v well this cycle told me to hold i took profit at about 50 …. Doh !!