Cryptocurrency

[Hipper]

I saw this TV doc the other day. Not sure what to make of it.

https://www.imdb.com/title/tt33600145/

[No Ney Never]

Not financial advice.

More and more the main stream and trad fi are embracing Blockchain tech. Even now it's still early days, but I tip my hat to my fellow Clarets who were in early, the archive on here prove who you are.

[alboclaret]

Not financial advice.

More and more the main stream and trad fi are embracing Blockchain tech. Even now it's still early days, but I tip my hat to my fellow Clarets who were in early, the archive on here prove who you are.

See what happens this afternoon.

[alboclaret]

although evertime you think something may or may not happen it's usually the opposite...

[Loyalclaret]

Increased 40% since the start of this thread. Still not a fan but understand people have and will continue to make money

[basil6345789]

If you can get your money out and it doesn't crash

[alboclaret]

I wasn't able to watch the summit in the Whitehouse yesterday.
But from what I've read it all sounds quite positive if your holing long term.
You can never realistically expect much from these types of meeting.
Trump impartiality over promises everything.

I hold alt coins and couple that will be included with the " US stockpile" and a few others with real utility.

I look at yesterday as the first real step of the world taking crypto seriously going forward. If us reserve and stockpile pass the senate then it's a goer and you'd imagine the likes of China may follow as rumored.

I don't hold btc but all alts track it but further down the line if your alt coins has real wold utility then if should make its own course.
The 10th march was alway going to a more important date in the diary than yesterday but the iso20022 implementation has been put back to 14july.

On the face of it looks no better , probably worse that yesterday morning but if your in for the long haul then i believe it's quite positive but only if your holdings have a real world use. Btc aside.

[bfccrazy]

The one which has pleasantly surprised me is Pi Networks main net launch.

People can say whatever about crypto.... The Mrs and I are sat on around 6k I coins combined and it's still hovering around $1.70 each - not a bad return for pushing a button on your phone.

We're going to hold for a while as it hast cost us anything to get it and it'll be interesting to follow for a while with new exchange adoption.

[willsclarets]

Forget policy, what the white house does or doesn't say. If its in the press its in the price. Its all liquidity, and bitcoin basically correlates to risk assets like the nasdaq.. Its a risk asset just with a much wider volatility than most that's all.

[BigChaCha]

by basil6345789 »

If you can get your money out and it doesn't crash

So just like the stock market then

[BigChaCha]

All I know is that I am increasingly working with big successful companies that rely on blockchain technology as a major part of their operation... Take that away and they fall apart... The technology, especially alongside AI is vital and embedded into many businesses now and is here to stay... I have and will continue to take advantage of that...

So far, investing in crypto, along with ingraining the technology into one of my businesses has bought me a retirement farmhouse with 30 acres in France and the next bull run should retire my wife so those who shout at the clouds, keep doing so, I'm happy with my belief in BTC and crypto in general.

[Scott Arfield's Swag]

The one which has pleasantly surprised me is Pi Networks main net launch.

People can say whatever about crypto.... The Mrs and I are sat on around 6k I coins combined and it's still hovering around $1.70 each - not a bad return for pushing a button on your phone.

We're going to hold for a while as it hast cost us anything to get it and it'll be interesting to follow for a while with new exchange adoption.

We have about 3,000 coins combined too. We're also just keeping an eye on things at the moment, plus it's bloody difficult to get them on to an exchange at the moment but hopefully some of the big hitters will take it on and we'll see what happens from there. As you say, easy returns for just pushing a button on your app every day.

[Goliath]

All I know is that I am increasingly working with big successful companies that rely on blockchain technology as a major part of their operation... Take that away and they fall apart... The technology, especially alongside AI is vital and embedded into many businesses now and is here to stay... I have and will continue to take advantage of that...

So far, investing in crypto, along with ingraining the technology into one of my businesses has bought me a retirement farmhouse with 30 acres in France and the next bull run should retire my wife so those who shout at the clouds, keep doing so, I'm happy with my belief in BTC and crypto in general.

I don't pretend to be an expert but surely the big bull runs are going to be less extreme the longer we go on. It's probably harder to make as much money now as people were doing a few years ago.

[GetIntoEm]

Any of you lads on PI?

[Claretforever]

I don't pretend to be an expert but surely the big bull runs are going to be less extreme the longer we go on. It's probably harder to make as much money now as people were doing a few years ago.

That’s somewhat true, especially now there are so many crypto tokens to spread the money about now compared with 8 years ago, for example.

There are still huge opportunities for crazy multipliers if you’re in early, but the ‘safer’ (if that’s a thing) ones are those with larger liquidity. They’re often more predictable in their moves and it’s easier to get in and, more importantly, out at the (sensible) prices you want. Less liquidity means every sale or buy affects the chart but they can do massive moves.

Crypto still presents a chance to 10x+ on lots of tokens, more depending on your risk tolerance, and when you consider how much interest the bank gives you on savings the R:R is still enticing for many.

[bfccrazy]

Any of you lads on PI?

Yes mate, mined in and off for years between myself and the Mrs, as mentioned above we got about 6k between us.

[bfccrazy]

We have about 3,000 coins combined too. We're also just keeping an eye on things at the moment, plus it's bloody difficult to get them on to an exchange at the moment but hopefully some of the big hitters will take it on and we'll see what happens from there. As you say, easy returns for just pushing a button on your app every day.

Can go through OKX which I've used in the past but I've a hefty chunk tied up anyway.

I seeing it as a nothing spent nothing lost type of thing if it flops but if it can reach say $10.... It's a year or so off my retirement plans.

[GetIntoEm]

Yes mate, mined in and off for years between myself and the Mrs, as mentioned above we got about 6k between us.

I'm hanging on to mine for another month then looking to dump them. Or at least 50 percent. I only have 1200 tho

[bfccrazy]

I'm hanging on to mine for another month then looking to dump them. Or at least 50 percent. I only have 1200 tho

See what happens over a longer term for me with them. Seems ancient because of how long it's been pre main net but it's just a baby now and the signs look good for it hitting key trigger points etc... Will absolutely grow or collapse and nothing in between in my opinion and it's a risk I'm happy to take

[KateR]

I wasn't able to watch the summit in the Whitehouse yesterday.
But from what I've read it all sounds quite positive if your holing long term.
You can never realistically expect much from these types of meeting.
Trump impartiality over promises everything.

I hold alt coins and couple that will be included with the " US stockpile" and a few others with real utility.

I look at yesterday as the first real step of the world taking crypto seriously going forward. If us reserve and stockpile pass the senate then it's a goer and you'd imagine the likes of China may follow as rumored.

I don't hold btc but all alts track it but further down the line if your alt coins has real wold utility then if should make its own course.
The 10th march was alway going to a more important date in the diary than yesterday but the iso20022 implementation has been put back to 14july.

On the face of it looks no better , probably worse that yesterday morning but if your in for the long haul then i believe it's quite positive but only if your holdings have a real world use. Btc aside.

MEME, coins have proven that the mantra of RWA only is just a fallacy, and I’m not advocating anyone should buy meme’s.

[GetIntoEm]

See what happens over a longer term for me with them. Seems ancient because of how long it's been pre main net but it's just a baby now and the signs look good for it hitting key trigger points etc... Will absolutely grow or collapse and nothing in between in my opinion and it's a risk I'm happy to take

I just think if I can take 2k from pressing a button for the last 5 years it might be worth it

[KateR]

The absolute lack of the pedantic naysayers in this later little discussion is very telling, Magic Internet Money is definitely starting to win out. There are so many choices out there, it’s not easy at all, so people still need to be very careful, because there are definitely many pitfalls still. Scams/hackers abound still, I am predicting a much stronger group will be formed for chasing any scams/hacks, where they will confiscate all Crypto to either the Reserve (BTC) or Stockpile (everything else).

My friend’s son however has had his identity stolen, his bank account stolen and an arrest warrant issued for him in Alabama, nothing to do with crypto. But, she’s obviously besides herself with worry, the bank have initially denied anything wrong and that the cheque issued was by him.

[GetIntoEm]

The absolute lack of the pedantic naysayers in this later little discussion is very telling, Magic Internet Money is definitely starting to win out. There are so many choices out there, it’s not easy at all, so people still need to be very careful, because there are definitely many pitfalls still. Scams/hackers abound still

My friend’s son however has had his identity stolen, his bank account stolen and an arrest warrant issued for him in Alabama, nothing to do with crypto. But, she’s obviously besides herself with worry, the bank have initially denied anything wrong and that the cheque issued was by him.

Scams prey on the ill informed. Hopefully it's a wake up call

[bfccrazy]

I just think if I can take 2k from pressing a button for the last 5 years it might be worth it

100% mate, I've got mates who already cashed out as the money helped them out of financial situations which benefitted them right now even if it grows huge they won't regret it.

Each person is different and there is no wrong or right answer to what to do, just what that money/risk means to you in that moment.

[Bosscat]

I don't understand crypto and will not get involved ... Well done to those of you that do and make something of it ... but there are far to many losing out to scams and crooks ... so I will stick with my old fashioned investing, its giving me and my mrs a comfortable lifestyle

[KateR]

Taking profits can never be wrong in my book, but there are many that have regretted it, as time in the market, usually by a large margin, beats trying to time the market.

However, I’ve numerous coins I’ve sold, but never taken profits, it has always gone back into the market, increasing my holdings of what I believe are long term prospects.

[KateR]

I don't understand crypto and will not get involved ... Well done to those of you that do and make something of it ... but there are far to many losing out to scams and crooks ... so I will stick with my old fashioned investing, its giving me and my mrs a comfortable lifestyle

I never understand this concept, how do you select stocks in TradFi, I personally don’t see it as any different personally. I’m not saying you’re wrong and you should try crypto, that’s just your personal choice of course. But, why do you think selecting a crypto project is any different to old fashioned investing?? Just curious, not trying to be argumentative

[Bosscat]

I never understand this concept, how do you select stocks in TradFi, I personally don’t see it as any different personally. I’m not saying you’re wrong and you should try crypto, that’s just your personal choice of course. But, why do you think selecting a crypto project is any different to old fashioned investing?? Just curious, not trying to be argumentative

I have an excellent financial adviser Kate ... He used to be my accountant when I had my business and is a good friend and been advising me for years. My investments and pensions etc are giving me a very comfortable lifestyle ... Nice cars, holidays etc etc paying a good income and increasing in value.

No probs in folk doing their own thing whatever works for them.

[bfccrazy]

I have an excellent financial adviser Kate ... He used to be my accountant when I had my business and is a good friend and been advising me for years. My investments and pensions etc are giving me a very comfortable lifestyle ... Nice cars, holidays etc etc paying a good income and increasing in value.

No probs in folk doing their own thing whatever works for them.

Love this, I'm aiming for a nice mix of both tbh. I invest into my "traditional pension" at a higher level than most so should have a comfortable enough retirement from that, then I also have a dabble into different crypto with money I can afford to lose. It also interests me to look into different markets and see the trends and news around what's going on.

Hopefully both the traditional planning along with the new era will both pay off and I can sail off in a few years into the sunset

[GetIntoEm]

Absolutely don't see crypto as a retirement plan, you'd be mad too.

Pension and shares should see me retire before 60. Any crypto is a bonus

[Bosscat]

Love this, I'm aiming for a nice mix of both tbh. I invest into my "traditional pension" at a higher level than most so should have a comfortable enough retirement from that, then I also have a dabble into different crypto with money I can afford to lose. It also interests me to look into different markets and see the trends and news around what's going on.

Hopefully both the traditional planning along with the new era will both pay off and I can sail off in a few years into the sunset

As I am retired my pensions etc are already paying me an income ... have fun and I hope it works for you

[KateR]

I have an excellent financial adviser Kate ... He used to be my accountant when I had my business and is a good friend and been advising me for years. My investments and pensions etc are giving me a very comfortable lifestyle ... Nice cars, holidays etc etc paying a good income and increasing in value.

No probs in folk doing their own thing whatever works for them.

Absolutely agree with the sentiment

My Financial Advisor is very similar but not a friend, and by his own admission, knows nothing about crypto. I wanted to learn, eventually I gave him a sum and took exactly the same sum myself, friendly competition as to who could grow it the most. He gave up the competition some time ago, since then, he asks questions, but they’re very generic. He used to scoff, but he admitted it’s around to stay last year, we all have different risk tolerance’s, mine’s always been high risk.

I got into crypto years ago when my eldest son asked me to look at a potential crypto mining project, within a week of studying, placed orders for mining equipment. Set up a business including both my sons, started mining over 4 years ago, business was formed with all initial revenue coming 100% to myself until I met ROI, then shared equally three ways. I got my ROI back within 4 months. After that, I decided to delve deeper into crypto in general, with the premise of no more than 10% crypto in the total investment. Today, basically from the introduction of the BTC-ETF January 2024, the total portfolio investment is ~50/50, but with the wild swings of crypto it can shift easily by 5% on a daily basis.

We’re all different, and it’s critical to be comfortable when investing in regard to retirement and enjoying life without worrying about the markets.

[bfccrazy]

Absolutely don't see crypto as a retirement plan, you'd be mad too.

Pension and shares should see me retire before 60. Any crypto is a bonus

I think crypto satisfies a lot of people who feel like they can become millionaires by hitting the next meme coin that blows overnight. Especially a younger generation.

If it grows massively it's a nice bonus but seeing some of the younger lads I work with and their attitudes to pensions and planning for the future, we're going to have some pretty surprised folk in 30/40 years who haven't planned ahead properly.

[Bosscat]

Absolutely agree with the sentiment

My Financial Advisor is very similar but not a friend, and by his own admission, knows nothing about crypto. I wanted to learn, eventually I gave him a sum and took exactly the same sum myself, friendly competition as to who could grow it the most. He gave up the competition some time ago, since then, he asks questions, but they’re very generic. He used to scoff, but he admitted it’s around to stay last year, we all have different risk tolerance’s, mine’s always been high risk.

I got into crypto years ago when my eldest son asked me to look at a potential crypto mining project, within a week of studying, placed orders for mining equipment. Set up a business including both my sons, started mining over 4 years ago, business was formed with all initial revenue coming 100% to myself until I met ROI, then shared equally three ways. I got my ROI back within 4 months. After that, I decided to delve deeper into crypto in general, with the premise of no more than 10% crypto in the total investment. Today, basically from the introduction of the BTC-ETF January 2024, the total portfolio investment is ~50/50, but with the wild swings of crypto it can shift easily by 5% on a daily basis.

We’re all different, and it’s critical to be comfortable when investing in regard to retirement and enjoying life without worrying about the markets.

And thats exactly it Kate you got involved in and invested in "mining" thats just greek to me and I don't understand .

Good luck to you all but I am out to quote Dragons Den

[KateR]

Love this, I'm aiming for a nice mix of both tbh. I invest into my "traditional pension" at a higher level than most so should have a comfortable enough retirement from that, then I also have a dabble into different crypto with money I can afford to lose. It also interests me to look into different markets and see the trends and news around what's going on.

Hopefully both the traditional planning along with the new era will both pay off and I can sail off in a few years into the sunset

Be careful, I also set off with investing only what I could afford to lose, with the caveat of no more than 5% crypto in my investment portfolio. At the beginning all went well, but as the investment grew, the crypto quickly gets to a sum you feel you can’t lose!! Even though the initial amount is the same, you start investing more as you get more and more comfortable, always good to have reality checks, no way could I afford to lose my crypto today, but I’ve taken numerous steps to ensure that doesn’t happen.

[KateR]

And thats exactly it Kate you got involved in and invested in "mining" thats just greek to me and I don't understand .

Good luck to you all but I am out to quote Dragons Den

. Fully understand, enjoy life is always my main mantra, because it’s far to short not to

[Jel]

I've been interested, and dabbling in crypto for a good few years now. Never really seriously with BTC although if I still held what I had it would be worth around 5.5k now. I took a profit on Ripple (XRP), about 4 years ago. It would be a hell of a lot more now.
However, XRP, I think is likely make large gains in the next bull run. This time it's HODL (hold on for dear life) for me.
I am now way an expert on this, so don't take my word for it , but I think that this is still infancy for crypto and it could produce massive gains. Bitcoin was once worth a few pence.
It's estimated that only around 6% of the worlds population are into crypto. This will surely increase, especially with the scrutiny it's attracting.

[No Ney Never]

A large proportion of my crypto portfolio is invested in BTC & SOL.

BTC will benefit from the global refinancing of debt and the money printing that's going to occur over the next few months. Then there's the supply crunch that is inevitably going to happen because of the accumulation of BTC by Sovereign Wealth funds, Businesses, States and ETF's, there'll never be more than 21M BTC and the consensus is that up to 5M of the 21 has been lost.

SOL should benefit from the SOL ETF's that will launch this year. I'm hoping that the more tradfi gets involved in crypto, they'll apply the same fundamental value analysis that they do with the stock market, SOL would come out on top in so many metrics. This would direct investors towards crypto with value and away from many of the more speculative projects. Along with BTC, SOL and other crypto will also benefit from the debt and global money supply increase.

Non of this is financial advice, just my opinion.

[Leisure]

Can I spend/use it at Wetherspoons and The Swan in Burnley?

[bfccrazy]

Can I spend/use it at Wetherspoons and The Swan in Burnley?

If they accept card....... Yes

[Leisure]

If they accept card....... Yes

Ok, I'll ask them.

[IanMcL]

I don't understand crypto and will not get involved ... Well done to those of you that do and make something of it ... but there are far to many losing out to scams and crooks ... so I will stick with my old fashioned investing, its giving me and my mrs a comfortable lifestyle

I like my piggy bank too!

[SalouClaret]

FAO anyone that knows anything about Pi

How do I go about selling it? Just logged in and realised I've got 2,000 from years ago and I want rid how do you transfer it to be able to sell?

[ClaretAndJew]

FAO anyone that knows anything about Pi

How do I go about selling it? Just logged in and realised I've got 2,000 from years ago and I want rid how do you transfer it to be able to sell?

I’ll genuinely buy your pi if you accept PayPal and trust me. I won’t pay full value though. But if you want to sell it from your pi wallet you need to open a MexC account and verify your identity. Send it to them and sell it for USDT and then transfer it to another exchange like Coin Base and sell it for GBP.

[SalouClaret]

I’ll genuinely buy your pi if you accept PayPal and trust me. I won’t pay full value though. But if you want to sell it from your pi wallet you need to open a MexC account and verify your identity. Send it to them and sell it for USDT and then transfer it to another exchange like Coin Base and sell it for GBP.

So you expect it to go up by quite a bit? Maybe I'll keep some then haha! I'll sell you 600 pi?

[ClaretAndJew]

So you expect it to go up by quite a bit? Maybe I'll keep some then haha! I'll sell you 600 pi?

It opened at $2 and got to $3 but is currently $1.35

It could go up over time but that’s crypto, you never lose if you don’t sell.

I’d buy 600 Pi for£400 but that’s not the like for like value as on exchanges.

Do your research and let me know.

[SalouClaret]

It opened at $2 and got to $3 but is currently $1.35

It could go up over time but that’s crypto, you never lose if you don’t sell.

I’d buy 600 Pi for£400 but that’s not the like for like value as on exchanges.

Do your research and let me know.

If you let me know how I'd go about sending them to you, you can have 625 for 400 quid.

[ClaretAndJew]

If you let me know how I'd go about sending them to you, you can have 625 for 400 quid.

Well, I can pay you via PayPal friends and family and you can literally send them to my Pi wallet. I guess the trust needs to be there for both because one of us will be sending someone something first.

[SalouClaret]

Well, I can pay you via PayPal friends and family and you can literally send them to my Pi wallet. I guess the trust needs to be there for both because one of us will be sending someone something first.

I've made a temporary email address that I don't mind receiving spam to message me at swrthimgs at protonmail dot com

[ClaretAndJew]

I've made a temporary email address that I don't mind receiving spam to message me at swrthimgs at protonmail dot com

Ok, let’s just deal here I guess mate. Do you want to do 10% first. Then we can sort the rest out? Just so we’re not doing big numbers all at once.