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By (user no longer on site) OP
over a year ago
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Not the most exciting topic I know, but anyone into this ? Hear it could be a way to make some decent money over time but unsure what ones are best for a cheeky flutter of say £1k with. Any educated advice for me fabbers ? Seems a lot of choice around at the moment. |
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By (user no longer on site)
over a year ago
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Cryptocurrency was subject of an investigation some time ago. It said that cyber crooks are creating very professional websites allegedly featuring well known personalities from all walks of life supposedly endorsing cryptocurrency. None of the personalities have in fact endorsed such schemes as far as can be found out. Advice was given to anyone thinking of investing in any form of cryptocurrency to seek professional advice before signing up to any scheme parting with any money, otherwise prospective investors could end up losing heavily. |
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By (user no longer on site)
over a year ago
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I’m Currently running about 50% up on a mix of BCH and ETH.
It’s a very volatile market so be prepared to lose whatever you invest, or just buy a spread of some of the lower priced coins and forget about them for 5-10 years? |
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By *anddXXXCouple
over a year ago
London |
If you have any spare cash and can afford to walk away from if it all crashes, there is some fun and profit. One of my work colleagues bought ADA this time last year for 0.04 hit 1.41 at the weekend. Personally I've bought Trx at 0.045 2 months ago, this hit 0.16 before correcting to 0.148. There was a huge power outage in China over the weekend, caused a crash in Bitcoin and the others all followed suit. Somewhat recovered since yesterday afternoon and all up about 10% since. |
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See it as a long term investment. Never, ever "put all eggs in one basket" as the saying goes and assume you could lose it all. The horror stories that came out of the Sirius Minerals share make very sad reading. |
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I have four crypto currency’s BTC (Bitcoin) ETH (Ethereum ) TRX (Tron) and XRP (Ripple).
All on an app called eToro easy to set up and start investing. Obviously you can’t buy a full Bitcoin unless you have 60k doing nothing in your Bank account but you can still buy in and make a profit.
I have invested the majority of my capital into BTC but recently made a better percentage on XRP and TRX so it’s always a good idea to diversify your investments.
It’s the usual advice but only spend what you can afford to lose.
You need to research as we saw a fall over the end of last week so it could be a good time to buy in or this time tomorrow crypto could disappear for all I know or double it’s price or increase to 70K / decrease to 40k a coin.
As an add on I also invested in Argo Blockchain so if crypto does become a regular way to pay for goods then I’m in that area as well. |
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DOGE is all the craze now. I am not sure if this is based on anything concrete though.
BTC is too saturated and the only way is down. Even it grows, it will be steady. ETH has scope the grow, but the pace isn’t there
Governments can do nada and soon crypto will take over the underground trade (its
Done a lot already) |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
Be careful, search my posts on these you really need to know how to read markets or just be damn lucky like me  , unlikely, most people lie , but my buys/sells below are posted here as a record
S&S - buying Amazon, Facebook , Tesla , Apple and Microsoft since start of lockdown , cashed out July 2020 up around 1/2 a house
BTC - cashed on 13th April , very well timed , buying again already - up a bedroom
Metals  golds on hold for now 
P2P - after funding circle closed the secondary market and govt switched to covid loans I have been cashing out every opportunity, switched to cufflink site and it’s doing really well now staycations are a thing so I’m expecting a nice return |
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They're a lot more volatile than the stock market is. DogeCoin and Bitcoin gave been known to rise just based on tweets from Elon Musk for instance. My advice would be don't put any money in that you don't mind losing.
LvM |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"They're a lot more volatile than the stock market is. DogeCoin and Bitcoin gave been known to rise just based on tweets from Elon Musk for instance. My advice would be don't put any money in that you don't mind losing.
LvM"
Yes much more volatile than stock |
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"I’m Currently running about 50% up on a mix of BCH and ETH.
It’s a very volatile market so be prepared to lose whatever you invest, or just buy a spread of some of the lower priced coins and forget about them for 5-10 years? "
Snap! It’s a gamble as much as it’s an investment do abit of research watch the market for a while!
Play for the long term! I brought XRP when it was @ 12p in July 2017 as part of a 5 year plan on a whim! I’m no expert but I’d i would suggest anything would be to try finding a up and coming ETH token! |
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There is lots of hype around Doge and Shiba at the moment but these are massively volatile and are akin to pump and dump stocks.
A few people will get very rich on these and for that to happen a lot of people will lose money
Lots of good info on here already but try to only invest what you are willing to lose.
Stop losses can help this but with the more volatile ones even a stop loss of 25 percent might see your investment getting kicked out for a brief but severe dip. (lost 50 quid at the weekend because of this)
Don't leverage any positions either, you could lose WAY more than a grand. |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"It’s not going to fail
It’s here to stay
"
It won’t fail , BTC lost 1/3 of its value in the last 30 days and will probably drop another 1/3 , all the platforms crashed this week even coinbase went offline as the panic to sell sets in, but it won’t fail because there’s always people thinking they can get rich quick happy to lose all thier money |
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By *rHotNottsMan
over a year ago
Dubai & Nottingham |
"We got into it a few months ago. Invested in one called FEG and even with the crash yesterday we're still 50 times up on our original investement. They say it's only going to go higher as well!"
Today you need exactly one billion FEGS to make $1 |
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