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cryptocurrencies
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Hey guys
I was reading about Deborah Meaden on the This Morning show telling us about cryptocurrencies
Bitcoin Digital and others.
I'd heard about Bitcoin before and now I'm considering investing say £300.
Does anyone have any experience of doing this?
Any advice as always welcome x
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By *izzy69Man
over a year ago
London |
"Hey guys
I was reading about Deborah Meaden on the This Morning show telling us about cryptocurrencies
Bitcoin Digital and others.
I'd heard about Bitcoin before and now I'm considering investing say £300.
Does anyone have any experience of doing this?
Any advice as always welcome x
"
I wouldnt go for Bitcoin. It's way too hyped and overpriced now.
Go for some other crypto like Ripple or Litecoin. Do some research on where they're designed for and what markets might be interested in them. Then you will have an idea of potential growth opportunity. |
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By (user no longer on site)
over a year ago
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I'd go with stocks over cryptocurrency. Crypto is way too volatile to be any kind of long term investment, yes Bitcoin is in headlines when it's value rockets but there also deep troughs where you'd lose a lot unless you cling on to it and hope it rises again. |
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"I'd go with stocks over cryptocurrency. Crypto is way too volatile to be any kind of long term investment, yes Bitcoin is in headlines when it's value rockets but there also deep troughs where you'd lose a lot unless you cling on to it and hope it rises again."
I know nothing about the stock market.
What makes Bitcoin and such attractive to me is that it works it itself.
I see there are ups and downs and I'd hold on to them....unless I thought wouldn't rise anymore.
I'm just trying to gain a better understanding of it all. |
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By (user no longer on site)
over a year ago
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"I'd go with stocks over cryptocurrency. Crypto is way too volatile to be any kind of long term investment, yes Bitcoin is in headlines when it's value rockets but there also deep troughs where you'd lose a lot unless you cling on to it and hope it rises again."
This.
People have taken mortgages for bitcoin when it first hit $17K, and then it crashed to 6K...and then to 3K... |
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"Quick summary is it's a complete casino, so if you're prepared to lose the 300 then by all means go for it and you MIGHT get lucky.
"
I am prepared to gamble. I'd just like to be able to weigh the odds up before doing it. |
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"I'd go with stocks over cryptocurrency. Crypto is way too volatile to be any kind of long term investment, yes Bitcoin is in headlines when it's value rockets but there also deep troughs where you'd lose a lot unless you cling on to it and hope it rises again.
This.
People have taken mortgages for bitcoin when it first hit $17K, and then it crashed to 6K...and then to 3K..."
I wouldn't gamble that much. |
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"Hey guys
I was reading about Deborah Meaden on the This Morning show telling us about cryptocurrencies
Bitcoin Digital and others.
I'd heard about Bitcoin before and now I'm considering investing say £300.
Does anyone have any experience of doing this?
Any advice as always welcome x
I wouldnt go for Bitcoin. It's way too hyped and overpriced now.
Go for some other crypto like Ripple or Litecoin. Do some research on where they're designed for and what markets might be interested in them. Then you will have an idea of potential growth opportunity. "
Ok...thank you |
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By (user no longer on site)
over a year ago
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"I'd go with stocks over cryptocurrency. Crypto is way too volatile to be any kind of long term investment, yes Bitcoin is in headlines when it's value rockets but there also deep troughs where you'd lose a lot unless you cling on to it and hope it rises again.
I know nothing about the stock market.
What makes Bitcoin and such attractive to me is that it works it itself.
I see there are ups and downs and I'd hold on to them....unless I thought wouldn't rise anymore.
I'm just trying to gain a better understanding of it all."
It's much like the Crypto Market but largely its much more stable. If you're looking for long term investment I would look at something like Apple, Microsoft, Lloyd's etc; large companies which are unlikely to fail. |
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By *ady LickWoman
over a year ago
Northampton Somewhere |
Bookmarking! This sort of thing seems so complicated to me. A local man put a status up about it to find out more, so I messaged him and it went straight over my head! What he sent sounded copied and pasted and that made it sound even more dodgy than I feel it might be already! |
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By *rder66Man
over a year ago
Tatooine |
"Quick summary is it's a complete casino, so if you're prepared to lose the 300 then by all means go for it and you MIGHT get lucky.
"
This, unless you where prepared to lose your money, don't bother. |
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Are you sure Deborah Meaden is backing it? She's denying it on her website and there's lots of scam false endorsements going on:
https://financefeeds.com/bitcoin-chancers-go-all-out-for-dragons-den-moguls-and-they-fall-for-it/
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By (user no longer on site)
over a year ago
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"I'd go with stocks over cryptocurrency. Crypto is way too volatile to be any kind of long term investment, yes Bitcoin is in headlines when it's value rockets but there also deep troughs where you'd lose a lot unless you cling on to it and hope it rises again.
This.
People have taken mortgages for bitcoin when it first hit $17K, and then it crashed to 6K...and then to 3K...
I wouldn't gamble that much."
I wouldn’t be buying Bitcoin right now. It is close to the highest price it has ever been. Take a look at the price for the last 5 years. After the GameStop breach and short squeeze, moved into silver, the likelihood is the ongoing war between retail traders and the hedge funds will likely end up with Bitcoin. |
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By *ornLordMan
over a year ago
Wiltshire and London |
"Quick summary is it's a complete casino, so if you're prepared to lose the 300 then by all means go for it and you MIGHT get lucky.
This, unless you where prepared to lose your money, don't bother. "
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"I'd go with stocks over cryptocurrency. Crypto is way too volatile to be any kind of long term investment, yes Bitcoin is in headlines when it's value rockets but there also deep troughs where you'd lose a lot unless you cling on to it and hope it rises again.
I know nothing about the stock market.
What makes Bitcoin and such attractive to me is that it works it itself.
I see there are ups and downs and I'd hold on to them....unless I thought wouldn't rise anymore.
I'm just trying to gain a better understanding of it all.
It's much like the Crypto Market but largely its much more stable. If you're looking for long term investment I would look at something like Apple, Microsoft, Lloyd's etc; large companies which are unlikely to fail. "
I only have a limited resources.
With cryptocurrencies it seems that you don't need that much money to get going and see some return.
I will also have into stock market.
Not sure what £300 would get you.
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By (user no longer on site)
over a year ago
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"Quick summary is it's a complete casino, so if you're prepared to lose the 300 then by all means go for it and you MIGHT get lucky.
"
Absolutely, these "currency's" have no actual value, as in there are no tangible assets behind them, dont put anything into them that you cant loose with a smile. |
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I bought both Bitcoin and Ethereum last week combined I’m up $28.06.
So $75 (I’m on etoro so you have to use dollars) on Bitcoin and $50 in Ethereum.
However for me it’s a long term strategy, so when the price goes down, I’ll buy more.
However with £300 I’d go into stocks and shares use Trading 212 ISA it’s very easy to set up and buy ETF (investing in the FTSE 100 or S&P 500 ) or well known companies, you can buy fractional shares (if you can’t afford a full share). I get more profit from stock market than crypto. |
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One final point, if you care about the environment, bitcoin mining (where bitcoins come from) currently uses 0.21% of the world's entire energy supply, so you'd be supporting a scheme that is doing enormous harm with CO2 emissions :
https://www.google.com/amp/s/www.bbc.com/news/amp/technology-48853230
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By (user no longer on site)
over a year ago
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" If you're looking for long term investment I would look at something like Apple, Microsoft, Lloyd's etc; large companies which are unlikely to fail. "
I used exactly that thought process and put a shit load of money into Santander shares, and it magically turned into not much money at all. ho hum
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By (user no longer on site)
over a year ago
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Definitley do you research, bitcoin Diamond is a more affordable variant of the original bitcoin, but is on the same chain so will rise and fall in price with the original. If you'd like pointing in the direction of good apps for tracking and good crypto wallets, im happy to suggest few. |
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By (user no longer on site)
over a year ago
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"My partners just bought some I can ask him when he’s done in the gym!
That would be great, thanks "
Ok so he said he’s got an app specifically for crypto and he’s bought into dogecoin apparently. When I asked him why he said ‘for a laugh and all the lads are doing it’. He’s made about £5 on a £100 investment. Idiot.
So in short, ignore my fucking imbecile of a partner  |
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"My partners just bought some I can ask him when he’s done in the gym!
That would be great, thanks
Ok so he said he’s got an app specifically for crypto and he’s bought into dogecoin apparently. When I asked him why he said ‘for a laugh and all the lads are doing it’. He’s made about £5 on a £100 investment. Idiot.
So in short, ignore my fucking imbecile of a partner "
Yes but, he hasn't lost anything and you never kmow....fingers crossed for him  |
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"One final point, if you care about the environment, bitcoin mining (where bitcoins come from) currently uses 0.21% of the world's entire energy supply, so you'd be supporting a scheme that is doing enormous harm with CO2 emissions :
https://www.google.com/amp/s/www.bbc.com/news/amp/technology-48853230
"
I do care about the environment and that is just awful! |
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By (user no longer on site)
over a year ago
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"My partners just bought some I can ask him when he’s done in the gym!
That would be great, thanks
Ok so he said he’s got an app specifically for crypto and he’s bought into dogecoin apparently. When I asked him why he said ‘for a laugh and all the lads are doing it’. He’s made about £5 on a £100 investment. Idiot.
So in short, ignore my fucking imbecile of a partner
Yes but, he hasn't lost anything and you never kmow....fingers crossed for him "
Haha I suppose so! But ‘for a laugh’ wasn’t an answer i expected! Suppose it’s like others have said, if you don’t mind losing then just be sensible  |
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We invested very early on with bitcoin. Ours in cold storage at the moment. The bitcoin cycle is currently on a bullish run and now with the institutions/hedge funds etc getting in on the game (before it was just regular joes) the price is going to start climbing. The markets will go through corrections as we have seen in the last few weeks we had a period of consolidation where it dropped by about 10,000 or more and now earlier today reached a higher peak. I have been keeping an eye on what people have been saying and a couple have suggested that we are super bullish cycle which will probably peak around the end of the year/start of next year and revert to a bearish cycle although they are anticipating the corrections to be on a smaller percentage scale. If we cashed out now we would be after making a significant profit but were HODL at the moment |
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By *3viantMan
over a year ago
charge |
If you're looking for some exposure to mainstream crypto and alt coins I can recommend Revolut for its simplicity.
There are only 6 coins currently available and you have to move back into GBP before you can transfer or spend them. The fees are negligible and it's quick and easy to set up.
Providing you invest within your means then price volatility and potential returns are what make crypto so appealing. |
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"We invested very early on with bitcoin. Ours in cold storage at the moment. The bitcoin cycle is currently on a bullish run and now with the institutions/hedge funds etc getting in on the game (before it was just regular joes) the price is going to start climbing. The markets will go through corrections as we have seen in the last few weeks we had a period of consolidation where it dropped by about 10,000 or more and now earlier today reached a higher peak. I have been keeping an eye on what people have been saying and a couple have suggested that we are super bullish cycle which will probably peak around the end of the year/start of next year and revert to a bearish cycle although they are anticipating the corrections to be on a smaller percentage scale. If we cashed out now we would be after making a significant profit but were HODL at the moment "
I really glad that it worked for you.
Does this mean that it's a good time to invest now? |
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By (user no longer on site)
over a year ago
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"Has anybody actually tried to sell their bitcoin and got cash for it?
anybody?"
Not bitcoin but another Crypto. You need to transfer it to an exchange account, I think CoinBase's website was the one I used. |
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"If you're looking for some exposure to mainstream crypto and alt coins I can recommend Revolut for its simplicity.
There are only 6 coins currently available and you have to move back into GBP before you can transfer or spend them. The fees are negligible and it's quick and easy to set up.
Providing you invest within your means then price volatility and potential returns are what make crypto so appealing."
Thanks...it's not just Bitcoin that I'd consider.
And, now knowing about Bitcoins environmental record I'd rather not go with them |
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Afternoon!
I'm doing the same at the minute... 200 bucks that I can afford to lose
Stuck some in Bitcoin, some in Ripple and some in Tron (TRX I think)
After a week I've had fun watching it go up and down... its not going to make me aillionnaire unless Ripple goes mental.... which it could |
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By (user no longer on site)
over a year ago
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"I only have a limited resources.
With cryptocurrencies it seems that you don't need that much money to get going and see some return.
I will also have into stock market.
Not sure what £300 would get you.
"
£300 may not be enoigh to buy a full share of many of these companies but you also don't have to buy full shares. You can buy by a monetary amount instead of a share amount I.e.
Stock X is valued at £100 per share.
If you invest £50 in to your account and put it all in to Stock X, you would own 0.5 of a share.
That doesn't really make much of a difference, you'll still earn returns on that half share, the same as if you bought a full share... but half the return of course. |
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I would still well clear.My best mate invested a lot of money and the police where involved as it was criminal gangs and he lost the lot.
Luckily for him when the police investigation was finished after about 6 months he got all his money back.
The amount was well over 100k and more. |
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"I only have a limited resources.
With cryptocurrencies it seems that you don't need that much money to get going and see some return.
I will also have into stock market.
Not sure what £300 would get you.
£300 may not be enoigh to buy a full share of many of these companies but you also don't have to buy full shares. You can buy by a monetary amount instead of a share amount I.e.
Stock X is valued at £100 per share.
If you invest £50 in to your account and put it all in to Stock X, you would own 0.5 of a share.
That doesn't really make much of a difference, you'll still earn returns on that half share, the same as if you bought a full share... but half the return of course."
I get you.
If I made any real money from cryptocurrencies then I could invest that in such like options.
Fingers in pies!
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"I would still well clear.My best mate invested a lot of money and the police where involved as it was criminal gangs and he lost the lot.
Luckily for him when the police investigation was finished after about 6 months he got all his money back.
The amount was well over 100k and more."
Oh wow! What a terrible experience.
Glad he got his money back! |
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Pay what you can afford to lose.
I put £50k away in a high rate savings account, got £10.27 after 3 months.
But spent £140 on a gold ring, worth now £210.
Up to you, but at least i can wear gold, physically see it, liquidise it if necessary |
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"Afternoon!
I'm doing the same at the minute... 200 bucks that I can afford to lose
Stuck some in Bitcoin, some in Ripple and some in Tron (TRX I think)
After a week I've had fun watching it go up and down... its not going to make me aillionnaire unless Ripple goes mental.... which it could "
I may get in on the ripple effect
I am not going to put anything in that I can't afford to lose.
I don't want to lose any money but sometimes you've got to take a chance. |
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"Pay what you can afford to lose.
I put £50k away in a high rate savings account, got £10.27 after 3 months.
But spent £140 on a gold ring, worth now £210.
Up to you, but at least i can wear gold, physically see it, liquidise it if necessary"
I don't have that kind of money.
And what an rubbish return on 50k |
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"If you're looking for some exposure to mainstream crypto and alt coins I can recommend Revolut for its simplicity.
There are only 6 coins currently available and you have to move back into GBP before you can transfer or spend them. The fees are negligible and it's quick and easy to set up.
Providing you invest within your means then price volatility and potential returns are what make crypto so appealing.
Thanks...it's not just Bitcoin that I'd consider.
And, now knowing about Bitcoins environmental record I'd rather not go with them"
Most of the common crypto currencies are 'mined', although on a smaller scale than bitcoin, and therefore are still CO2 emitters |
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"My partners just bought some I can ask him when he’s done in the gym!
That would be great, thanks
Ok so he said he’s got an app specifically for crypto and he’s bought into dogecoin apparently. When I asked him why he said ‘for a laugh and all the lads are doing it’. He’s made about £5 on a £100 investment. Idiot.
So in short, ignore my fucking imbecile of a partner
Yes but, he hasn't lost anything and you never kmow....fingers crossed for him
Haha I suppose so! But ‘for a laugh’ wasn’t an answer i expected! Suppose it’s like others have said, if you don’t mind losing then just be sensible "
Elon Musk mentioned it so Doge must be all the rage.
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"Bookmarking! This sort of thing seems so complicated to me. A local man put a status up about it to find out more, so I messaged him and it went straight over my head! What he sent sounded copied and pasted and that made it sound even more dodgy than I feel it might be already! "
It goes over my head to...but eventually something will sink in...I hope |
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By (user no longer on site)
over a year ago
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Only put in what u can afford. I started with a company can’t say here but put 2k down now I have 6k contracts I take out about $200 every 2 weeks and I put that money into bitcoin. It’s a no brainier |
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"Only put in what u can afford. I started with a company can’t say here but put 2k down now I have 6k contracts I take out about $200 every 2 weeks and I put that money into bitcoin. It’s a no brainier "
Nice one |
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I would go with a stocks and shares ISA account.
Then put money into either a high yield dividend etf or high growth etf. If your feeling lucky then research genomic companies. Poss Crisper or similar. |
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"I would go with a stocks and shares ISA account.
Then put money into either a high yield dividend etf or high growth etf. If your feeling lucky then research genomic companies. Poss Crisper or similar."
Nice one..thanks |
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By (user no longer on site)
over a year ago
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Errrrrrrr current Bitcoin price is £31k for 1
£300 won’t get you very far.
There are others but it’s very volatile, only spend what you can afford to loose. |
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By (user no longer on site)
over a year ago
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"Errrrrrrr current Bitcoin price is £31k for 1
£300 won’t get you very far.
There are others but it’s very volatile, only spend what you can afford to loose."
(You can of course buy part of Bitcoin- satoshi I think they’re called. I just meant at £31k there’s not much headroom for growth right now) |
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By (user no longer on site)
over a year ago
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"Hey guys
I was reading about Deborah Meaden on the This Morning show telling us about cryptocurrencies
Bitcoin Digital and others.
I'd heard about Bitcoin before and now I'm considering investing say £300.
Does anyone have any experience of doing this?
Any advice as always welcome x
"
Invest what you can afford to lose.
It's a very volatile market
I've only jumped in about a month ago at the moment I've got a nice portfolio |
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By (user no longer on site)
over a year ago
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I would stay away from xrp at the moment to as with all the sec case going on. It could go either 2 ways that 1. But saying that it's a cheapish coin. Eth, dot ,xlm , ada my main bankers I'm looking at dash or xmr I think they will go big.. I'm 50% up in profits from what I have put in. It gets addictive lol |
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I use a company called Wirex, at any minute I can transfer money in from my bank account and buy crypto, or I can sell the crypto and transfer the money back to my bank. All run from my mobile.
But I only put in a few quid now and then, that I wouldn't miss if it vanished altogether. Equivalent to buying a lottery ticket, or what might have been spent on a pint instead.
There's little rhyme or reason to the crypto movement trends. You can try to anticipate it minute by minute, or just forget about it and look what you've got once every six months. For instance a couple of weeks ago there was a five minute period where my XRP (that's ripple) nearly doubled in value, then one minute later went back down to where it had been before. Needless to say, I missed the moment, didn't even know about it until I looked at the movement graphs a few days later.
On the whole I'm up, I think currently about double of everything I put in, but it's only a few hundred in total. A bit of a flutter, but nothing life changing whether it goes up or goes down.
I'd never use crypto as an investment, but as entertainment it's an alternative to putting a fiver on a horse in the grand national.
Happy to chat about it by DM if you want Annabelle. Polly xx |
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I’ve added more to my crypto and after Tesla announcement over accepting Bitcoin in the future for one of their cars, you can only guess what happened to the value
I can’t see crypto currency disappearing and something in the future we’ll laugh at and those who put money into it. Like anyone else I wished I’d been on the original bandwagon and actually sold those pizzas to that guy 
It’ll go up and down like a fiddlers elbow but I’m in it for the long term and quite confident it’ll be around for much longer.
Also have plenty of shares in Argo Blockchain as well  |
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By *yronutMan
over a year ago
St Austell |
I have recently been playing with Crypto but in a very lowly amount...... But about 10 years ago I was highly recommended to buy Bitcoins from a guy who I thought was a bit dodgy...... so didn’t.
This morning whilst buggering about on the net I found a Bitcoin currency calculator.
If in 2015 I’d invested £50 ($70) today’s value would have been just over $14k ........
Hindsight is amazing....  |
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By *rishman75Man
over a year ago
Chessington/epsom |
"I use a company called Wirex, at any minute I can transfer money in from my bank account and buy crypto, or I can sell the crypto and transfer the money back to my bank. All run from my mobile.
But I only put in a few quid now and then, that I wouldn't miss if it vanished altogether. Equivalent to buying a lottery ticket, or what might have been spent on a pint instead.
There's little rhyme or reason to the crypto movement trends. You can try to anticipate it minute by minute, or just forget about it and look what you've got once every six months. For instance a couple of weeks ago there was a five minute period where my XRP (that's ripple) nearly doubled in value, then one minute later went back down to where it had been before. Needless to say, I missed the moment, didn't even know about it until I looked at the movement graphs a few days later.
On the whole I'm up, I think currently about double of everything I put in, but it's only a few hundred in total. A bit of a flutter, but nothing life changing whether it goes up or goes down.
I'd never use crypto as an investment, but as entertainment it's an alternative to putting a fiver on a horse in the grand national.
Happy to chat about it by DM if you want Annabelle. Polly xx"
how do you see the graph I'm using wirex on my mobile and im just guessing it at the moment . |
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"I use a company called Wirex, at any minute I can transfer money in from my bank account and buy crypto, or I can sell the crypto and transfer the money back to my bank. All run from my mobile.
But I only put in a few quid now and then, that I wouldn't miss if it vanished altogether. Equivalent to buying a lottery ticket, or what might have been spent on a pint instead.
There's little rhyme or reason to the crypto movement trends. You can try to anticipate it minute by minute, or just forget about it and look what you've got once every six months. For instance a couple of weeks ago there was a five minute period where my XRP (that's ripple) nearly doubled in value, then one minute later went back down to where it had been before. Needless to say, I missed the moment, didn't even know about it until I looked at the movement graphs a few days later.
On the whole I'm up, I think currently about double of everything I put in, but it's only a few hundred in total. A bit of a flutter, but nothing life changing whether it goes up or goes down.
I'd never use crypto as an investment, but as entertainment it's an alternative to putting a fiver on a horse in the grand national.
Happy to chat about it by DM if you want Annabelle. Polly xx
how do you see the graph I'm using wirex on my mobile and im just guessing it at the moment ."
I use the Coinbase website for graphs to see the trends, the Wirex account just shows me the current value of total and each currency type at current moment, plus record of actual transactions I've made. The Coinbase site though gives access to graphs for about 500 different crypto types (many more types than you can actually buy/sell on Wirex), you can look at the movement in a crypto over the last hour, day, week, month, year or from the start of that type.
Oo, my Etherium has gone up by 5% today, but over the week has been zigzagging and is only up 3.5% altogether, but 47% up over the month, and 543% over the year! Pity I only bought a fiver's worth though Maybe time to pull out my original fiver and then the rest is pure profit whether it goes up or down...
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By (user no longer on site)
over a year ago
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The lower the market cap, the better, because if the coin is to grow x10 for example, it “only” has to go from 1m to 10m for example.
Cardano (ADA) is doing well , I Invested in it when shares were going for 25p and now they’re going for 63p last time I checked.
They’ve got a strong line up of projects dropping through the year that will continue to push the shares.
Currently looking at holochain and polymath |
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By (user no longer on site)
over a year ago
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Look into using Binance , kraken , my crypto , Coinbase and eToro. See which you prefer and make it happen .
Plenty of information to help you research your crypto options are online and a lot of people break it down well on YouTube. |
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By (user no longer on site)
over a year ago
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Crypto,stocks and shares is all about having big balls and not panicking if they go down ! I mainly deal in shares and last week was down about £7,000 but now am up £2,000 in the long run I’ll double my money at a minimum as I’ve brought at the right time. As for Crypto it’s a bit more of a gamble BUT there is more of a short term gain or loss because of the volatility. What I would say is only invest what you can afford to lose and don’t PANIC also Bitcoin is the daddy as the world’s richest man has just pumped in 150 billion which pushed the price you £10,000 in one day. It will drop again so just try and time it because every time it comes back it only goes one way. |
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By (user no longer on site)
over a year ago
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I started with this company invested 2k opened 4 accounts since August I have 6k contracts now which I take out about $200 a week which I put into bitcoin in 5 weeks I can take my 2k back. I could cancel my contracts when they expire and take back about 4500k it’s like a pyramid scheme. Yes I know it’s a gamble but it’s working so as long as in the next 5 weeks it doesn’t go tits up I get my money back easily. |
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I mined and traded bitcoin and other altcoins a good few years back. Mined £30 worth at the start. Traded a bit and got it up to £70. Then left it for a couple years. The hard drive they were stored in nearly broke so I cashed in at £2000 wish I held longer as would now be worth £17000 still have some etherium though, and it's going up too my advice would be put them on cold storage, think part of the reason bitcoin goes up is people lose them. |
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By (user no longer on site)
over a year ago
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"Look into using Binance , kraken , my crypto , Coinbase and eToro. See which you prefer and make it happen .
Plenty of information to help you research your crypto options are online and a lot of people break it down well on YouTube. "
I use coinbase and kraken not heard much good about etoro |
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By *ncubus XMan
over a year ago
midlands - glasgow - islands |
I bought 2k worth and it went down a bit so I bottled it and dragged it all out leaving £94 in it, forgot about it, went back to it 18 months later it was £1000 well pissed I took the test out!
£5 of Bitcoin in 2010 is now worth £1000000! |
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By (user no longer on site)
over a year ago
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"It's good to see some more posts. I've done some research but still doing so."
Have a go with coinbase sign up and verify yourself with you driving licence and do the quizes on there you will get about $30of free crypto to play with its worth it |
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By (user no longer on site)
over a year ago
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"I bought 2k worth and it went down a bit so I bottled it and dragged it all out leaving £94 in it, forgot about it, went back to it 18 months later it was £1000 well pissed I took the test out!
£5 of Bitcoin in 2010 is now worth £1000000!"
Nice earner shame took it all out, I'm about just over 2k in my whole portfolio is just over 3.6k so doing good at the moment hope it continues lol |
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"It's good to see some more posts. I've done some research but still doing so.
Have a go with coinbase sign up and verify yourself with you driving licence and do the quizes on there you will get about $30of free crypto to play with its worth it "
Oh ok..thanks |
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By *.D.I.D.A.SMan
over a year ago
London/Essex... ish... Romford to be exact |
There's a bitcoin atm in corner shop opposite me. I took a pic of it two years ago to show my friend. I think the price of BTC was around £4000. I think the charge was 10% per transaction which is crazy expensive but aimed at those who are lazy I'm guessing. But for anyone looking to hold long term 10% is made up quite easily. Wish I had done it but I didn't fancy standing in the shop for 15-30 mins as that is how long the transaction took the machine said. |
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By (user no longer on site)
over a year ago
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I wouldn’t go for it at this time because I can see there’s a huge campaigning by promoters to bring more buyers. Yesterday I was just reading an article and even I didn’t know how I did access it. I think it was pushed through a mother website. It’s a total fabrication to push people to buy. The way the article crafted was really a fascinating tale of a taxi driver who was caught by police for carrying large amount of cash and the story goes on and on to convince readers to join the crypto investors. Not to mention of course the links that will lead you how to invest or where to buy them. |
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By *.D.I.D.A.SMan
over a year ago
London/Essex... ish... Romford to be exact |
"I wouldn’t go for it at this time because I can see there’s a huge campaigning by promoters to bring more buyers. Yesterday I was just reading an article and even I didn’t know how I did access it. I think it was pushed through a mother website. It’s a total fabrication to push people to buy. The way the article crafted was really a fascinating tale of a taxi driver who was caught by police for carrying large amount of cash and the story goes on and on to convince readers to join the crypto investors. Not to mention of course the links that will lead you how to invest or where to buy them. "
Yes there are a lot of fake news articles trying to push general consumers. This was the retail interest driving the price 2017 onwards. Now it is institutional money slowly entering the scene so its a different landscape or beginning to seem that way. |
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I have just cashed in my part of Bitcoin I've purchased three years ago. It more than tripled in value but I bought it but I waited for price to go on down to £10000 per coin before buying and waited for it to get to £30000 to sell. In hindsight I wish I would have invested more than the tiny amount I did but this is the catch - it is high risk and high reward with cryptocurrencies (unless there are those that can be used as actual currency and not just for speculation).
You have to be ready to lose the amount you've invested. Now I've bought lumens (XLM) with the proceeds which is still a tiny amount but at least I won't be losing sleep over it and who knows, it may yield something. It is a gamble. |
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By (user no longer on site)
over a year ago
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"I wouldn’t go for it at this time because I can see there’s a huge campaigning by promoters to bring more buyers. Yesterday I was just reading an article and even I didn’t know how I did access it. I think it was pushed through a mother website. It’s a total fabrication to push people to buy. The way the article crafted was really a fascinating tale of a taxi driver who was caught by police for carrying large amount of cash and the story goes on and on to convince readers to join the crypto investors. Not to mention of course the links that will lead you how to invest or where to buy them.
Yes there are a lot of fake news articles trying to push general consumers. This was the retail interest driving the price 2017 onwards. Now it is institutional money slowly entering the scene so its a different landscape or beginning to seem that way. "
Don’t take me wrong, may I have to add that I have seen news on major companies began to invest or thinking to invest in Cryptos. Also some central banks began to consider. It might get into complete institutionalisation and being legitimate but as some have pointed its volatile and unpredictable atm. |
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By *ess37Woman
over a year ago
Nantwich |
Just to give you an example the £150 I’ve invested in cryptos on January 13th allowed me to make nearly £500 ... it is worth an investment but you definitely should do your homework and understand the cryptos you are investing your money in. It’s also important to choose the right platform/app you are going to use and most importantly do not panic when prices go down, you have to wait until you’ve made profit, many people make the mistake and sell their cryptos when prices drop in a panic. It’s also worth installing Trading View & CoinMarketCap to stay informed. Good luck : ) |
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By (user no longer on site)
over a year ago
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"Has anybody actually tried to sell their bitcoin and got cash for it?
anybody?"
Yes i did but invested in the early days, it enabled me to start my property portfolio.
I bought £70 in 2010 knowing nothing about it and pretty much just forgot about it. I sold them mid of 2017 for £480k which i bought rental propertys with. If i had sold them in 2018 it would've be worth in the region of £2.5m
In all honestly i pulled out because hacking was becoming bad, i felt in to a point where i was out my depth but just kept remembering'its only £70', i was costly and difficult to sell them as i didnt know where to start i trusted someone in the know how off a forum that specialised in it.. i didmt really think id see reall money and just kept thinking 'whats £70'
Personally i think investing now is still fine as they have dropped again to however the only if you can afford to loose it.
Personally i wouldn't waste time with stocks & shares |
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I must admit that I am rather puzzled by the reports of negative enviromental impact from Crypto currencies - surely real coins must have a much more pronounced effect as they are made of actual metal and Crypto currencies are digital? |
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"Has anybody actually tried to sell their bitcoin and got cash for it?
anybody?
Yes i did but invested in the early days, it enabled me to start my property portfolio.
I bought £70 in 2010 knowing nothing about it and pretty much just forgot about it. I sold them mid of 2017 for £480k which i bought rental propertys with. If i had sold them in 2018 it would've be worth in the region of £2.5m
In all honestly i pulled out because hacking was becoming bad, i felt in to a point where i was out my depth but just kept remembering'its only £70', i was costly and difficult to sell them as i didnt know where to start i trusted someone in the know how off a forum that specialised in it.. i didmt really think id see reall money and just kept thinking 'whats £70'
Personally i think investing now is still fine as they have dropped again to however the only if you can afford to loose it.
Personally i wouldn't waste time with stocks & shares "
I have really limited finances. I have £300 to invest with the knowledge that I could lose it. I am prepared to take that risk.
I just don't kmow where to start!
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"I must admit that I am rather puzzled by the reports of negative enviromental impact from Crypto currencies - surely real coins must have a much more pronounced effect as they are made of actual metal and Crypto currencies are digital?"
I think it's the amount of energy for the super computers that is used. To try and solve algorithms to unlock coins |
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"Anabelle... Binance Coin has gone mental today... so worth watching. My test on TRX (Tron) at 0.034 4 weeks ago is now 0.062 now... and I got 734 for my $25... it gets to $100.... I'm happy "
Id be happy for you too.. good luck. |
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By *ncubus XMan
over a year ago
midlands - glasgow - islands |
"Anabelle... Binance Coin has gone mental today... so worth watching. My test on TRX (Tron) at 0.034 4 weeks ago is now 0.062 now... and I got 734 for my $25... it gets to $100.... I'm happy
Id be happy for you too.. good luck."
Buy now while it’s crashing ! |
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Oddly enough about 2 or 3 years ago I went out in London for food and few drinks with my mate who is a banker and some of his freinds. One of his freinds (who is not a banker) said he and his family had invested a load of cash in bitcoin (his family were very well off I believe). He said it was going to make them a fortune. He urged us all to invest, said it would make us rich. The general mood was he and his family were very silly. I didn't take his tip because I haven't a clue about these things and the guys around the table who did know things seemed to think it was a foolish venture. I assume now he and his family are now completely stinking rich. He was right. Plus I bet they know when is right to sell too. I suspect for me it's too late to get in on the game now to make big money and I have no experience of it. So I will hang on to my money and do what I know with it. |
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"Big crash at the moment so buy the dip... I wish I cashed out and bought the dip would of had extra ffs but will sit and hold "
I kmow...been watching.
How low can it go?
Bitcoin was an all time high! |
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I would recommend watching YouTube videos about it
That’s how I learned anything
People who say it’s like gambling don’t know what they are talking about
Just invest and hold for a few years don’t invest and expect it to rocket straight away
Most times I buy it drops straight away but it comes back up soon after
My latest investment is in a crypto called
Telcoin
It’s only less than a penny each so not big money to buy any
Btw cash is over and the world is going crypto it’s not going away |
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By *ncubus XMan
over a year ago
midlands - glasgow - islands |
"Big crash at the moment so buy the dip... I wish I cashed out and bought the dip would of had extra ffs but will sit and hold
I kmow...been watching.
How low can it go?
Bitcoin was an all time high!"
It dipped because Elon musk came out and said “ bitcoins expensive “ after Tesla brought 1.6billion dollars worth. I think he said it to cause a crash and buy more! I think it’s levelled now after the crash, Mine lost £2500 in the crash and has now started to recover, it’s regained about 10 percent ish but is been very up and down! Buy in early hours in morning as it usually dips then, I’m never then lol |
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By *.D.I.D.A.SMan
over a year ago
London/Essex... ish... Romford to be exact |
Elon Musk may have caused a slight shift but I doubt his single comment caused a crash. Everything is tethered to the American markets. When they suffer, everyone feels it. Crypto is no different. The mid to long term outlook is still bullish. But if there is a global crash there might be a hiccup. Though recovery seems to be swift.
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By (user no longer on site)
over a year ago
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"Big crash at the moment so buy the dip... I wish I cashed out and bought the dip would of had extra ffs but will sit and hold
I kmow...been watching.
How low can it go?
Bitcoin was an all time high!"
It's slowly climbing back up nows the time to buy while low |
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By (user no longer on site)
over a year ago
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"Big crash at the moment so buy the dip... I wish I cashed out and bought the dip would of had extra ffs but will sit and hold
I kmow...been watching.
How low can it go?
Bitcoin was an all time high!
It dipped because Elon musk came out and said “ bitcoins expensive “ after Tesla brought 1.6billion dollars worth. I think he said it to cause a crash and buy more! I think it’s levelled now after the crash, Mine lost £2500 in the crash and has now started to recover, it’s regained about 10 percent ish but is been very up and down! Buy in early hours in morning as it usually dips then, I’m never then lol "
Yes he is having a big impact with taking an interest, good that it's taking a climb back up |
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