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Cryptocurrency
Posted: Wed Mar 03, 2021 11:58 am
by Newcastleclaret93
Has anyone invested into crypto? I started a couple of weeks ago and have had relative success, it is very turbulent though.
Anyone got any recommendations for future investments
Re: Cryptocurrency
Posted: Wed Mar 03, 2021 12:02 pm
by Zlatan
do it ten years ago...
Re: Cryptocurrency
Posted: Wed Mar 03, 2021 12:17 pm
by FCBurnley
Buy XRP for medium to long term gains
Re: Cryptocurrency
Posted: Wed Mar 03, 2021 12:24 pm
by Newcastleclaret93
FCBurnley wrote: ↑Wed Mar 03, 2021 12:17 pm
Buy XRP for medium to long term gains
I have purchased a bit of XRP and ADA for long term gains.
Re: Cryptocurrency
Posted: Wed Mar 03, 2021 12:30 pm
by bfcmatt
Xrp's Market cap to price is already large with out a lot of room for movement, if they lose the court case a lot will jump ship. The Graph and Chainlink are decent long term investments. Ethereum could also do a lot more than what it is at the moment. Nano does a similar job to eth but is fee less. If people jump to that to save on the current large gas fee's it "could" pottentialy be a very good investment
Re: Cryptocurrency
Posted: Wed Mar 03, 2021 1:29 pm
by Newcastleclaret93
Interesting, il have a look into the ones you have mentioned.
What’s your thoughts on Ada?
Cryptocurrency
Posted: Wed Mar 03, 2021 1:36 pm
by Claretpete
Anyone who is thinking of investing into Bitcoin or any other markets
Do Not Use "Krenton Finance" or "Wisenex" whilst your account may show that you are making profits you will soon find out that its a TOTAL SCAM.
Re: Cryptocurrency
Posted: Wed Mar 03, 2021 2:17 pm
by Newcastleclaret93
Claretpete wrote: ↑Wed Mar 03, 2021 1:36 pm
Anyone who is thinking of investing into Bitcoin or any other markets
Do Not Use "Krenton Finance" or "Wisenex" whilst your account may show that you are making profits you will soon find out that its a TOTAL SCAM.
Heard similar things with Raven markets
Re: Cryptocurrency
Posted: Wed Mar 03, 2021 2:20 pm
by bfcmatt
Newcastleclaret93 wrote: ↑Wed Mar 03, 2021 1:29 pm
Interesting, il have a look into the ones you have mentioned.
What’s your thoughts on Ada?
Ada is an interesting one again but you really do need to look at the market cap, i dont know if you understand how that works but if you consider bitcoin has the largest at 660 billion and a selling price of £36500, ada has a market cap of 28 billion and a selling price of 90p. If ada became as big as bitcoin is now it would have a value price of £21 each. Ada will grow but it will never be the next bitcoin. Etherium has more potential (for me). Have a look on here, it will give yo some ideas on market cap.
https://thecoinperspective.com/?c=XMR
Re: Cryptocurrency
Posted: Wed Mar 03, 2021 2:23 pm
by Newcastleclaret93
bfcmatt wrote: ↑Wed Mar 03, 2021 2:20 pm
Ada is an interesting one again but you really do need to look at the market cap, i dont know if you understand how that works but if you consider bitcoin has the largest at 660 billion and a selling price of £36500, ada has a market cap of 28 billion and a selling price of 90p. If ada became as big as bitcoin is now it would have a value price of £21 each. Ada will grow but it will never be the next bitcoin. Etherium has more potential (for me). Have a look on here, it will give yo some ideas on market cap.
https://thecoinperspective.com/?c=XMR
Thanks Matt il have a review
Re: Cryptocurrency
Posted: Wed Mar 03, 2021 2:26 pm
by bfcmatt
Of course though i could be completely wrong and my investments could be worth nothing tomorrow but i will be hodling for at least the next 3 - 5 years
Re: Cryptocurrency
Posted: Wed Mar 03, 2021 2:34 pm
by IanMcL
Fortunately, I failed to work out how to pay for my sports channels using crypto and have never looked back.
How to make something out of a theoretical idea!
Re: Cryptocurrency
Posted: Wed Mar 03, 2021 2:38 pm
by Bosscat
bfcmatt wrote: ↑Wed Mar 03, 2021 2:26 pm
Of course though i could be completely wrong and my investments could be worth nothing tomorrow but
i will be hodling for at least the next 3 - 5 years
Is hodling a technical term
Re: Cryptocurrency
Posted: Wed Mar 03, 2021 2:38 pm
by bfcmatt
IanMcL wrote: ↑Wed Mar 03, 2021 2:34 pm
Fortunately, I failed to work out how to pay for my sports channels using crypto and have never looked back.
How to make something out of a theoretical idea!
I used to pay for mine in bitcoin some time ago then stopped. i left a couple of pound in it and when i went back to it 18months later it was worth around £50. shame i didnt leave a couple of hundred in it
Re: Cryptocurrency
Posted: Wed Mar 03, 2021 2:40 pm
by bfcmatt
Bosscat wrote: ↑Wed Mar 03, 2021 2:38 pm
Is hodling a technical term
Yes, it comes from one of the big market correction some years ago. An investor miss spelt holding to hodl which has now been widely addopted. It also stands for hold on for dear life
Re: Cryptocurrency
Posted: Wed Mar 03, 2021 2:40 pm
by Bosscat
bfcmatt wrote: ↑Wed Mar 03, 2021 2:40 pm
Yes, it comes from one of the big market correction some years ago. An investor miss spelt holding to hodle which has now been widely addopted.
Cheers for clearing that up matt
Re: Cryptocurrency
Posted: Wed Mar 03, 2021 2:45 pm
by IanMcL
bfcmatt wrote: ↑Wed Mar 03, 2021 2:40 pm
Yes, it comes from one of the big market correction some years ago. An investor miss spelt holding to hodle which has now been widely addopted. It also stands for hold on for dear life
Is it also called a Glen?
Re: Cryptocurrency
Posted: Wed Mar 03, 2021 4:14 pm
by aggi
Claretpete wrote: ↑Wed Mar 03, 2021 1:36 pm
Anyone who is thinking of investing into Bitcoin or any other markets
Do Not Use "Krenton Finance" or "Wisenex" whilst your account may show that you are making profits you will soon find out that its a TOTAL SCAM.
Generally I'd suggest don't use any "investment" firm or whatever to buy them for you. Buy them yourself so that you're holding the coins rather than someone else.
Re: Cryptocurrency
Posted: Wed Mar 03, 2021 4:17 pm
by claret_in_exile
I put a small amount of my net worth into crypto and consider it mostly speculative.
1/3rd into BTC because institutions love it right now.
1/3rd into ETH because that's a better technology and is getting institutional investment.
1/3rd into ADA because that's the BEST technology thus far, might be getting institutional investment AND it's super cheap right now.
Obviously, ADA is highly speculative, but worth a punt. Ultimately, ETH and ADA are for profit-making, but I plan to keep a bit of BTC on hand for the inevitable collaspe of the global financial system, especially the US dollar, and the impending CBDCs.
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 5:11 pm
by FCBurnley
XRP pushing 60 cents today. Was about 43 cents when you posted.
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 6:35 pm
by cockneyclaret
Been in crypto for a few years now and have done well the past year.
This year is about dot(polkadot) ksm(kusama) these 2 will be pushing eth(Ethereum) off it's spot with the parachains and tokens being built on its chain.
I personally would keep an eye on what tokens are being built on it, a massive one yet to be released on general sale is KILT.. this is a must buy.
Anyone interested in long term 5+ years I would look into ewt(energy web token) it's all about renewable energy with most of the world's energy companies involved.
Other tokens worth watching/buying are ocean (ocean protocol) mir(mirror protocol) pha(phala network)
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 6:51 pm
by Hedontplayforyou
cockneyclaret wrote: ↑Mon Mar 22, 2021 6:35 pm
Been in crypto for a few years now and have done well the past year.
This year is about dot(polkadot) ksm(kusama) these 2 will be pushing eth(Ethereum) off it's spot with the parachains and tokens being built on its chain.
I personally would keep an eye on what tokens are being built on it, a massive one yet to be released on general sale is KILT.. this is a must buy.
Anyone interested in long term 5+ years I would look into ewt(energy web token) it's all about renewable energy with most of the world's energy companies involved.
Other tokens worth watching/buying are ocean (ocean protocol) mir(mirror protocol) pha(phala network)
It’s all very confusing - what are these tokens? And how are they being made for different things such as energy web token? And how does it become worth something?
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 7:05 pm
by NRC
Crypto is my pet peeve. I’ve been in ethereum and litecoin for a few years and did have Bitcoin but exited back then when it was flat. I was on a transatlantic flight when the crash bfcmatt mentions hit so wasn’t able to react and the market just kept dropping.
I’ve been carrying the bag ever since and have only recently got into positive territory.
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 7:07 pm
by Hedontplayforyou
I’m intrigued by it, but know very little. Any help or advice would be appreciated
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 7:15 pm
by cockneyclaret
Hedontplayforyou wrote: ↑Mon Mar 22, 2021 6:51 pm
It’s all very confusing - what are these tokens? And how are they being made for different things such as energy web token? And how does it become worth something?
Good question lol..
Most tokens are required to run transactions across the blockchains so each party would require to use these.
With dot and especially ksm, new companies wanting to use the polkadot ecosystem will need (x) amount to apply for a slot. With this they offer crowd loaning where a holder can loan there ksm for a select amount of time to gain interest and new token on it.
Best to look on twitter as there's loads of info about all the tokens on there.
Just add the $ in front of a token you wish to read about..
$ewt $ksm etc..
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 7:18 pm
by cockneyclaret
Hedontplayforyou wrote: ↑Mon Mar 22, 2021 7:07 pm
I’m intrigued by it, but know very little. Any help or advice would be appreciated
Twitter is a good start to read up, don't get sucked into the shillers of there own tokens.
A good start would be to read up on dot and ksm. These will be the future
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 7:49 pm
by Hedontplayforyou
Cheers - still none the wiser but I’ll give it a read
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 8:00 pm
by Hedontplayforyou
How do you buy/trade this stuff? All I see on Twitter is a load of people who seem to be guessing at what looks like graphs for falling/rising stock
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 8:03 pm
by LS7
Wouldn’t go anywhere near any of it
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 8:03 pm
by KateR
Have just done an investment over the weekend in to Helium to mine their crypto currency, we will see what happens from here.
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 8:05 pm
by Sutton-Claret
Ethereum (ETH) is the future....
Ethereum(ETH) is not the future.....
Choose one....
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 8:32 pm
by Hedontplayforyou
Where do you guys trade? What platform do you use?
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 8:33 pm
by tarkys_ears
I'm riding ETH to the MOOOOOOOOOOOON!
*i am not a financial advisor, I have a small interest in ETH
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 8:39 pm
by Steddyman
Oh crap. If Cryptocurrency has made it onto a football forum, then we are already near the end of the current Bull cycle
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 8:41 pm
by Steddyman
Hedontplayforyou wrote: ↑Mon Mar 22, 2021 8:32 pm
Where do you guys trade? What platform do you use?
If it is listed, Binance, it has the lowest fees by far and supports all chains.
If it isn't listed, then Pancakeswap if it is available on the Binance Smart Chain.
If it isn't on the Binance Smart Chain, then UniSwap, but the gas fees are ridculous atm. That shouldn't be a problem for much longer though, as they are shortly changing to Optimistic Rollups which will drastically reduce the fees.
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 8:48 pm
by cockneyclaret
Hedontplayforyou wrote: ↑Mon Mar 22, 2021 8:32 pm
Where do you guys trade? What platform do you use?
Main ones I use are
Kucoin
Binance
Bitrex
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 8:50 pm
by cockneyclaret
LS7 wrote: ↑Mon Mar 22, 2021 8:03 pm
Wouldn’t go anywhere near any of it
Why not?
Is it because you don't understand it or have heard a few horror stories?
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 9:09 pm
by FCBurnley
Heard some great advise today. It is your choice whether to invest or do nothing. If you invest you will make a profit or a loss. If you do nothing you can only lose
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 9:14 pm
by Bosscat
tarkys_ears wrote: ↑Mon Mar 22, 2021 8:33 pm
I'm riding ETH to the MOOOOOOOOOOOON!
*i am not a financial advisor, I have a small interest in ETH
Is that Crystal M ETH
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 9:20 pm
by Devils_Advocate
Im investing in Renminbi cos with the way the west is self harming I reckon China is well on the way to becoming the best and strongest country in the world.
Get in now and when the US:$, the UK:£ & the EU:€ goes tits up you'll be Yuan Zài (quids in)
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 9:24 pm
by Bosscat
Devils_Advocate wrote: ↑Mon Mar 22, 2021 9:20 pm
Im investing in Renminbi cos with the way the west is self harming I reckon China is well on the way to becoming the best and strongest country in the world.
Get in now and when the US:
$, the UK:
£ & the EU:
€ goes tits up you'll be Yuan Zài (quids in)
So its not Kerching ... its Beijing then DA
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 9:27 pm
by Devils_Advocate
Bosscat wrote: ↑Mon Mar 22, 2021 9:24 pm
So its not Kerching ... its Beijing then DA
With one liners like that you've got the job as my financial advisor once the first million rolls in
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 9:28 pm
by Bosscat
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 11:08 pm
by Peter Loo
Wouldn’t touch it with a barge pole.
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 11:37 pm
by dsr
Devils_Advocate wrote: ↑Mon Mar 22, 2021 9:20 pm
Im investing in Renminbi cos with the way the west is self harming I reckon China is well on the way to becoming the best and strongest country in the world.
Get in now and when the US:
$, the UK:
£ & the EU:
€ goes tits up you'll be Yuan Zài (quids in)
But in case any foolish investors are listening to DA, remember that he revels in saying what he is
not thinking just to get a rise.
He isn't investing in China, neither should you.
Re: Cryptocurrency
Posted: Mon Mar 22, 2021 11:53 pm
by tarkys_ears
Peter Loo wrote: ↑Mon Mar 22, 2021 11:08 pm
Wouldn’t touch it with a barge pole.
Wot aboot a loo brush?
Re: Cryptocurrency
Posted: Tue Mar 23, 2021 2:56 am
by Hedontplayforyou
Peter Loo wrote: ↑Mon Mar 22, 2021 11:08 pm
Wouldn’t touch it with a barge pole.
Whoooos gotta barge pole?
Re: Cryptocurrency
Posted: Tue Mar 23, 2021 3:01 am
by Hedontplayforyou
Steddyman wrote: ↑Mon Mar 22, 2021 8:41 pm
If it is listed, Binance, it has the lowest fees by far and supports all chains.
If it isn't listed, then Pancakeswap if it is available on the Binance Smart Chain.
If it isn't on the Binance Smart Chain, then UniSwap, but the gas fees are ridculous atm. That shouldn't be a problem for much longer though, as they are shortly changing to Optimistic Rollups which will drastically reduce the fees.
You make it sound so simple
.
Does listed mean it’s in circulation ? As in its being traded?
And unlisted being a coin or token which is hoping to take off and reach value?
What about crypto.com ?
Re: Cryptocurrency
Posted: Tue Mar 23, 2021 1:54 pm
by KateR
It is interesting looking at Helium and there "miners" in regard to placement for proving full coverage. One in Blackburn, One in Clayton LM and None in Burnley, yet Nelson has a slew of them. Could be an opportunity for someone in Burnley to look at in terms of crypto mining and picking up HNT for the future, risky for sure but the opportunity is there.
Re: Cryptocurrency
Posted: Tue Mar 23, 2021 4:04 pm
by Hedontplayforyou
KateR wrote: ↑Tue Mar 23, 2021 1:54 pm
It is interesting looking at Helium and there "miners" in regard to placement for proving full coverage. One in Blackburn, One in Clayton LM and None in Burnley, yet Nelson has a slew of them. Could be an opportunity for someone in Burnley to look at in terms of crypto mining and picking up HNT for the future, risky for sure but the opportunity is there.
What on earth does this mean?
