|
Post by zerps on Jan 7, 2021 8:27:50 GMT
Give this video a watch... it’s pretty good. The bottom line is money, as we know it today, is a lot more complicated than we think. Actually, we don’t think about it. It just works. Bitcoin is just a new way of working with “money”. My take is that it’s value add is something of a false value add - that it takes out the role of Government and Central Banks as guarantor who can do things that are detrimental to us like, for example, printing money that devalues the cash that we have. Not saying that doesn’t happen, but it ain’t a major headache for most people. Bitcoin is a tech solution that uses tech as the guarantor. That, is what the Bitcoin mining is all about. Which does have some appeal. But, it has to have some risk as it is also outside government regulation. The question for me is, is the tech safe enough to ensure fraud is at least managed as well as it is with conventional “fiat” money - what we have today (which is not perfect). One other thing with Bitcoin... that mining activity consumes humongous amounts of power for no tangible benefit. It’s not as if it produces a physical product. It is basically the control mechanism for managing money supply in the world of Bitcoin. Let’s just say, I doubt Greta is investing in Bitcoin. Bottom line is we would probably accept Bitcoin if is what we were used to. My issue is in having confidence in it. I hear about people 'mining' bitcoin, but does that mean that they're effectively making their own money using extremely powerful computers? Can governments do this and wouldn't that effectively reduce the value of any bitcoin a normal person invests in? What happens if the Internet goes down? Via a war, or cybercrime or government restrictions? If there's a common ledger shared and replicated across the world on every computer that accesses bitcoin, then just how much space, capacity and energy does that use? Got to bad for the environment surely? What if someday someone figures out how to corrupt it? I think it currently has 3 stages of security making it almost impossible, but still, you never know what hackers (Russia for example) might come out with in future. I'd invest a bit in it, but nothing I'm not willing to lose. Anyone can mine bitcoin from any computer. Until the supply dries up in a few years. There will only ever be 21 million coins. It’s a digital gold rush and it’s scarcity adds to it’s value. Imagine 21 million bitcoins divided by the entire worlds population. It’s completely secure. Blockchain in itself is being billed as the new internet. Unlike visa (hacked recently), banks, financial institutions, etc. All transactions are publicly visible and transparent. They’re trying to say that criminals use bitcoin but criminals use cash and standard (fiat) money historically. We’re in a digital world now and cash will be a thing of the past in ten years. A new financial revolution is happening.
|
|
|
Post by redstriper on Jan 7, 2021 8:45:29 GMT
To those looking to make a quick buck... i say be aware of peoples motives who try to convince you to buy into something, they are usually heavily invested themselves and therefore have a motive for pushing the price higher to increase their profits at the point they sell.
It's common, its been happening for centuries, it's called "ramping", isn't it zerps ?
|
|
|
Post by zerps on Jan 7, 2021 8:57:26 GMT
To those looking to make a quick buck... i say be aware of peoples motives who try to convince you to buy into something, they are usually heavily invested themselves and therefore have a motive for pushing the price higher to increase their profits at the point they sell. It's common, its been happening for centuries, it's called "ramping", isn't it zerps ? When the overall marketcap of crypto is a trillion dollars, I’m not sure a post on the oatcake message board is going to make a dent in that even if everyone puts their life savings in 😂 I don’t want anyone I know to invest because they keep messaging me when it drops .5% 😂 Crack on.
|
|
|
Post by redstriper on Jan 7, 2021 9:25:26 GMT
To those looking to make a quick buck... i say be aware of peoples motives who try to convince you to buy into something, they are usually heavily invested themselves and therefore have a motive for pushing the price higher to increase their profits at the point they sell. It's common, its been happening for centuries, it's called "ramping", isn't it zerps ? When the overall marketcap of crypto is a trillion dollars, I’m not sure a post on the oatcake message board is going to make a dent in that even if everyone puts their life savings in 😂 I don’t want anyone I know to invest because they keep messaging me when it drops .5% 😂 Crack on. by itself no, but there's a lot of people doing it for bitcoin (and tesla), on message boards, spam email, etc, keeping the fever high, therefore you could be considered as part of the problem. You may not see it as a problem, but those who invested late into tulips, south sea bubbles etc would definitely see it as a problem. I read the lse message boards, they're chock full of rampers spouting bullshit "facts" and wild price predictions to try and bait the unwary. I got persuaded into a couple of mining "boom" shares a few years ago when i first started investing, you live and learn to do your own research.
|
|
|
Post by zerps on Jan 7, 2021 9:27:46 GMT
When the overall marketcap of crypto is a trillion dollars, I’m not sure a post on the oatcake message board is going to make a dent in that even if everyone puts their life savings in 😂 I don’t want anyone I know to invest because they keep messaging me when it drops .5% 😂 Crack on. by itself no, but there's a lot of people doing it for bitcoin (and tesla), on message boards, spam email, etc, keeping the fever high, therefore you could be considered as part of the problem. You may not see it as a problem, but those who invested late into tulips, south sea bubbles etc would definitely see it as a problem. I read the lse message boards, they're chock full of rampers spouting bullshit "facts" and wild price predictions to try and bait the unwary. I got persuaded into a couple of mining "boom" shares a few years ago when i first started investing, you live and learn to do your own research. I don’t know what you’re saying. I’m talking about it on a very niche message board. Imo it’s too late to buy it. I was buying when everyone was talking about tulips for the past three years. Do your own research, I’m not promoting it.
|
|
|
Post by zerps on Jan 7, 2021 9:31:06 GMT
The fact is that everyone that has ever bought bitcoin is now in profit. Everyone.
Amazing.
I’m not sure about tulips.
|
|
|
Post by redstriper on Jan 7, 2021 9:43:40 GMT
The fact is that everyone that has ever bought bitcoin is now in profit. Everyone. Amazing. I’m not sure about tulips. That isn't a fact. In fact I'm sure it isn't true. One of my engineers bought into it early doors, only £20, whether its now worth 75K is irrelevant as unfortunately he lost all his codes. So he is £20 down. Plus you cannot be sure that people who bought in high in the past didn't panic on one of the dips and sell at a loss can you.
|
|
|
Post by zerps on Jan 7, 2021 9:46:13 GMT
The fact is that everyone that has ever bought bitcoin is now in profit. Everyone. Amazing. I’m not sure about tulips. That isn't a fact. In fact I'm sure it isn't true. One of my engineers bought into it early doors, only £20, whether its now worth 75K is irrelevant as unfortunately he lost all his codes. So he is £20 down. Plus you cannot be sure that people who bought in high in the past didn't panic on one of the dips and sell at a loss can you. Ok mate sorry. It’s got nothing to do with me if people lost their keys or sold too early. Maybe it’s not for you.
|
|
|
Post by redstriper on Jan 7, 2021 10:17:02 GMT
That isn't a fact. In fact I'm sure it isn't true. One of my engineers bought into it early doors, only £20, whether its now worth 75K is irrelevant as unfortunately he lost all his codes. So he is £20 down. Plus you cannot be sure that people who bought in high in the past didn't panic on one of the dips and sell at a loss can you. Ok mate sorry. It’s got nothing to do with me if people lost their keys or sold too early. Maybe it’s not for you. Damn right it's not for me, I invest on hard facts and my own research, not incorrect statements and sentiment. I'm simply advocating others to do the same. As a Trump defender on the other thread you clearly don't worry about facts, so we aren't going to agree.
|
|
|
Investing
Jan 7, 2021 10:20:26 GMT
via mobile
Post by zerps on Jan 7, 2021 10:20:26 GMT
Ok mate sorry. It’s got nothing to do with me if people lost their keys or sold too early. Maybe it’s not for you. Damn right it's not for me, I invest on hard facts and my own research, not incorrect statements and sentiment. I'm simply advocating others to do the same. As a Trump defender on the other thread you clearly don't worry about facts, so we aren't going to agree. 😂😂😂😂😂😂😂
|
|
|
Post by chigstoke on Jan 7, 2021 13:36:39 GMT
Eth, Vechain and Nano are looking good IMO.
I still hold out a slither of hope for Monero. Unfortunately not likely.
|
|
|
Post by zerps on Jan 7, 2021 13:40:06 GMT
Eth, Vechain and Nano are looking good IMO. I still hold out a slither of hope for Monero. Unfortunately not likely. I think the privacy coin issues will blow over and bittrex had to delist them to get their bit license approved by new york state.
|
|
|
Investing
Jan 7, 2021 18:09:07 GMT
via mobile
Post by chigstoke on Jan 7, 2021 18:09:07 GMT
Eth, Vechain and Nano are looking good IMO. I still hold out a slither of hope for Monero. Unfortunately not likely. I think the privacy coin issues will blow over and bittrex had to delist them to get their bit license approved by new york state. What are your thoughts on XRP, Zerps? I do have a tiny amount in it, at only £10 though, netted 38 XRP. A lot reckon the SEC lawsuit once done and with the right application, could see XRP ‘shoot to the moon’. Now for a tenner I don’t mind losing that or it dipping, a lot of my crypto experience comes from the mining side over the invest or proof of stake side. How do you assess its potential as a currency?
|
|
|
Post by LL Cool Dave on Jan 7, 2021 18:16:09 GMT
Bitcoin nearly at 30 grand per coin.
It was 8 grand 3 months ago
|
|
|
Post by zerps on Jan 7, 2021 18:19:32 GMT
I think the privacy coin issues will blow over and bittrex had to delist them to get their bit license approved by new york state. What are your thoughts on XRP, Zerps? I do have a tiny amount in it, at only £10 though, netted 38 XRP. A lot reckon the SEC lawsuit once done and with the right application, could see XRP ‘shoot to the moon’. Now for a tenner I don’t mind losing that or it dipping, a lot of my crypto experience comes from the mining side over the invest or proof of stake side. How do you assess its potential as a currency? Google my user name 😉 I think it’s the future of finance mate. The sec went after tesla and Amazon too. Consider it a compliment historically. It’s the fastest cheapest crypto. Technically it’s the best.
|
|
|
Post by chigstoke on Jan 7, 2021 18:35:41 GMT
What are your thoughts on XRP, Zerps? I do have a tiny amount in it, at only £10 though, netted 38 XRP. A lot reckon the SEC lawsuit once done and with the right application, could see XRP ‘shoot to the moon’. Now for a tenner I don’t mind losing that or it dipping, a lot of my crypto experience comes from the mining side over the invest or proof of stake side. How do you assess its potential as a currency? Google my user name 😉 I think it’s the future of finance mate. The sec went after tesla and Amazon too. Consider it a compliment historically. It’s the fastest cheapest crypto. Technically it’s the best. Ahhh, clever user name!
|
|
|
Investing
Jan 7, 2021 18:36:09 GMT
via mobile
Post by foster on Jan 7, 2021 18:36:09 GMT
What are your thoughts on XRP, Zerps? I do have a tiny amount in it, at only £10 though, netted 38 XRP. A lot reckon the SEC lawsuit once done and with the right application, could see XRP ‘shoot to the moon’. Now for a tenner I don’t mind losing that or it dipping, a lot of my crypto experience comes from the mining side over the invest or proof of stake side. How do you assess its potential as a currency? Google my user name 😉 I think it’s the future of finance mate. The sec went after tesla and Amazon too. Consider it a compliment historically. It’s the fastest cheapest crypto. Technically it’s the best. OK... Just got some XRP. Within about 3 seconds I was already down by 6 dollars. Ffs.
|
|
|
Investing
Jan 7, 2021 19:32:49 GMT
via mobile
Post by LL Cool Dave on Jan 7, 2021 19:32:49 GMT
Google my user name 😉 I think it’s the future of finance mate. The sec went after tesla and Amazon too. Consider it a compliment historically. It’s the fastest cheapest crypto. Technically it’s the best. OK... Just got some XRP. Within about 3 seconds I was already down by 6 dollars. Ffs. Market correction, once Bitcoin takes a slump, the others generally follow. Must have been a lot of people selling once it hit 40k dollars. If the SEC lawsuit is won by Ripple or it gets dropped it should go to around 70p at least I reckon very, very quickly. That's where it was heading before the lawsuit was announced.
|
|
|
Investing
Jan 7, 2021 19:48:44 GMT
via mobile
Post by zerps on Jan 7, 2021 19:48:44 GMT
Bitcoin bounced off $40000 and it always drags everything with it, especially if it drops.
Do your own research. It’s volatile as fuck.
I believe in xrp but I’m a massive idiot.
|
|
|
Post by foster on Jan 7, 2021 20:03:33 GMT
OK... Just got some XRP. Within about 3 seconds I was already down by 6 dollars. Ffs. Market correction, once Bitcoin takes a slump, the others generally follow. Must have been a lot of people selling once it hit 40k dollars. If the SEC lawsuit is won by Ripple or it gets dropped it should go to around 70p at least I reckon very, very quickly. That's where it was heading before the lawsuit was announced. Down $10 now but not an issue. I only put in what I don't mind losing, which is part of the profit from another trade. Also, I'm in no rush. History shows that it can go much higher so I'll probably cash out if it ever doubles up.
|
|
|
Investing
Jan 7, 2021 21:53:34 GMT
via mobile
Post by zerps on Jan 7, 2021 21:53:34 GMT
Crypto isn’t going up, the rest of the world is going down.
|
|
|
Post by hotterpotter on Jan 7, 2021 22:23:48 GMT
For me it's something I do instead of the lottery - a few quid here and there just in case it all goes utterly bananas and if bitcoin is £1 a coin by March, no big deal 👍 I even have a fiver of bitcoin cash just for a larf 😁
|
|
|
Investing
Jan 7, 2021 22:30:37 GMT
via mobile
Post by themistocles on Jan 7, 2021 22:30:37 GMT
Crypto isn’t going up, the rest of the world is going down. Do you know why why platforms like plus 500 and FXCM aren't letting you trade Crypto currently?
|
|
|
Post by zerps on Jan 8, 2021 7:13:41 GMT
Crypto isn’t going up, the rest of the world is going down. Do you know why why platforms like plus 500 and FXCM aren't letting you trade Crypto currently? They use cfd and leverage which was banned by the uk this year for some reason Binance is the best exchange
|
|
|
Post by chigstoke on Jan 8, 2021 20:46:21 GMT
Just moved over to Binance from Uphold, the view of the markets alone makes Binance absolutely worth it with consistent live graphing and updates.
It's fees are WAY better than Uphold as well. Was a 2 minute job to move XRP over. Just waited a while for verification to complete on my account for security.
If like me, you're new to crypto investment as opposed to mining, it's nice to get a feel for it with small amounts (I think it's called DCV/DCA - Dollar Cost Average/Dollar Cost Value?). Just play with what you can afford to lose. If it nets profit, cracking I guess.
If nothing else it's nice to learn a new form of market that isn't GBP. And the way it operates absolutely fascinates me. I don't expect to get rich, but if I can net a few quid then I'll be happy with that. Regular S&S ISA deposits are my main thing now anyway.
|
|
|
Post by zerps on Jan 8, 2021 21:12:04 GMT
Just moved over to Binance from Uphold, the view of the markets alone makes Binance absolutely worth it with consistent live graphing and updates. It's fees are WAY better than Uphold as well. Was a 2 minute job to move XRP over. Just waited a while for verification to complete on my account for security. If like me, you're new to crypto investment as opposed to mining, it's nice to get a feel for it with small amounts (I think it's called DCV/DCA - Dollar Cost Average/Dollar Cost Value?). Just play with what you can afford to lose. If it nets profit, cracking I guess. If nothing else it's nice to learn a new form of market that isn't GBP. And the way it operates absolutely fascinates me. I don't expect to get rich, but if I can net a few quid then I'll be happy with that. Regular S&S ISA deposits are my main thing now anyway. Nice mate. It’s the future of finance and the more you delve in the more interesting it becomes. I’ve got a feeling bitcoin is running out of steam, so trying to prepare for that. This guy below gets it right more than anyone else I’ve seen.
|
|
|
Post by chigstoke on Jan 8, 2021 23:05:54 GMT
Just moved over to Binance from Uphold, the view of the markets alone makes Binance absolutely worth it with consistent live graphing and updates. It's fees are WAY better than Uphold as well. Was a 2 minute job to move XRP over. Just waited a while for verification to complete on my account for security. If like me, you're new to crypto investment as opposed to mining, it's nice to get a feel for it with small amounts (I think it's called DCV/DCA - Dollar Cost Average/Dollar Cost Value?). Just play with what you can afford to lose. If it nets profit, cracking I guess. If nothing else it's nice to learn a new form of market that isn't GBP. And the way it operates absolutely fascinates me. I don't expect to get rich, but if I can net a few quid then I'll be happy with that. Regular S&S ISA deposits are my main thing now anyway. Nice mate. It’s the future of finance and the more you delve in the more interesting it becomes. I’ve got a feeling bitcoin is running out of steam, so trying to prepare for that. This guy below gets it right more than anyone else I’ve seen. Regarding XRP As Binance and others are delisting on the 19th and suspending trade, is it still worth it to hold it on there or convert into another currency till the lawsuit is settled? Just don't want XRP sitting there doing nowt. But if it'll get reinstated I wouldn't mind holding.
|
|
|
Post by zerps on Jan 9, 2021 7:13:56 GMT
Nice mate. It’s the future of finance and the more you delve in the more interesting it becomes. I’ve got a feeling bitcoin is running out of steam, so trying to prepare for that. This guy below gets it right more than anyone else I’ve seen. Regarding XRP As Binance and others are delisting on the 19th and suspending trade, is it still worth it to hold it on there or convert into another currency till the lawsuit is settled? Just don't want XRP sitting there doing nowt. But if it'll get reinstated I wouldn't mind holding. Are you in the usa? If so I’d stick it on a wallet and if you do decide to sell or buy more use uphold.
|
|
|
Post by John Smiths Upper Fan on Jan 9, 2021 8:35:19 GMT
Morning fellas of I could borrow a little of your experience.
After a new hobby not going to invest loads only what I'm willing to lose but where do I start?
Binance above looks very straight forward and easy to understand so the aim is obviously to buy low sell high sourcing market movements potentially before they happen etc
Would love a little project on the side.
Would appreciate any input for starting out please fellas.
Thanks.
|
|
|
Investing
Jan 9, 2021 11:03:44 GMT
via mobile
Post by chigstoke on Jan 9, 2021 11:03:44 GMT
Regarding XRP As Binance and others are delisting on the 19th and suspending trade, is it still worth it to hold it on there or convert into another currency till the lawsuit is settled? Just don't want XRP sitting there doing nowt. But if it'll get reinstated I wouldn't mind holding. Are you in the usa? If so I’d stick it on a wallet and if you do decide to sell or buy more use uphold. UK mate.
|
|