FabSwingers.com forum: Cryptocurrency

By *r-8-BBC OP Man
over a year ago

LONDON

Hi all,

Are there anyone here into cryptocurrency and if so what cryto are you holding and why ?

Reply privately

Reply in forum

Reply +quote

By *uddy laneMan
over a year ago

dudley

[Removed by poster at 26/10/21 17:05:24]

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Bitcoin. It’s market leader and the safest.

Reply privately

Reply in forum

Reply +quote

By *r-8-BBC OP Man
over a year ago

LONDON

"Bitcoin. It’s market leader and the safest. "

But its not eco-friendly and its slow.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Bitcoin. It’s market leader and the safest.

But its not eco-friendly and its slow."

I think whoever buys crypto is looking to appreciate their money not please Greta Thunberg

Reply privately

Reply in forum

Reply +quote

By *agerMorganMan
over a year ago

Canvey Island

I hold CTSI & AMP at the moment. Both very stable price wise and have the potential to gain over the years.

Steer clear of Bitcoin, its price is horrifically pumped up and exposed to massive manipulation (flash crash last week dropped it to $8,000), took a load of retail traders money and liquidated them.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"I hold CTSI & AMP at the moment. Both very stable price wise and have the potential to gain over the years.

Steer clear of Bitcoin, its price is horrifically pumped up and exposed to massive manipulation (flash crash last week dropped it to $8,000), took a load of retail traders money and liquidated them.

What are the fundamentals of CTSI and AMP?

Reply privately

Reply in forum

Reply +quote

By *agerMorganMan
over a year ago

Canvey Island

"I hold CTSI & AMP at the moment. Both very stable price wise and have the potential to gain over the years.

Steer clear of Bitcoin, its price is horrifically pumped up and exposed to massive manipulation (flash crash last week dropped it to $8,000), took a load of retail traders money and liquidated them.

What are the fundamentals of CTSI and AMP? "

CTSI is used for scalability and roll ups. Something a lot of others struggle with. It also allows developers to program their smart contracts etc using mainstream software components and LinuxOS. It’s got a lot of potential, with some estimating £10 a coin by end of 2022 and £100 a coin by 2025.

AMP is a collateral token, so if a transaction fails on either BTC or ETH, an AMP token can be used to settle the payments of either one.

Reply privately

Reply in forum

Reply +quote

By *otMe66Man
over a year ago

Terra Firma

"I hold CTSI & AMP at the moment. Both very stable price wise and have the potential to gain over the years.

Steer clear of Bitcoin, its price is horrifically pumped up and exposed to massive manipulation (flash crash last week dropped it to $8,000), took a load of retail traders money and liquidated them.

What are the fundamentals of CTSI and AMP?

AMP is a collateral token, so if a transaction fails on either BTC or ETH, an AMP token can be used to settle the payments of either one. "

Ah, it all makes sense now you've said that

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"I hold CTSI & AMP at the moment. Both very stable price wise and have the potential to gain over the years.

Steer clear of Bitcoin, its price is horrifically pumped up and exposed to massive manipulation (flash crash last week dropped it to $8,000), took a load of retail traders money and liquidated them.

Clearly you know more then me.

However, even the stock market suffers from crashes. The nature of buy low , sell high doesn’t change. Many people made lots of money buying at $8,000. What is it now , $62,000.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"I hold CTSI & AMP at the moment. Both very stable price wise and have the potential to gain over the years.

Steer clear of Bitcoin, its price is horrifically pumped up and exposed to massive manipulation (flash crash last week dropped it to $8,000), took a load of retail traders money and liquidated them.

What are the fundamentals of CTSI and AMP?

AMP is a collateral token, so if a transaction fails on either BTC or ETH, an AMP token can be used to settle the payments of either one. "

Scalability of what and what are roll ups?

Reply privately

Reply in forum

Reply +quote

By *atnip make me purrWoman
over a year ago

Reading

Bitcoin ethereum and lite coin. Up 15% in a month.

Reply privately

Reply in forum

Reply +quote

By *agerMorganMan
over a year ago

Canvey Island

"I hold CTSI & AMP at the moment. Both very stable price wise and have the potential to gain over the years.

Steer clear of Bitcoin, its price is horrifically pumped up and exposed to massive manipulation (flash crash last week dropped it to $8,000), took a load of retail traders money and liquidated them.

Clearly you know more then me.

However, even the stock market suffers from crashes. The nature of buy low , sell high doesn’t change. Many people made lots of money buying at $8,000. What is it now , $62,000.

I get that, been in the markets long enough to identify a drop in price from deliberate sell off, to a flash crash from $64,000 to $8,000 and back up in a nano-second.

It’s market manipulation designed to trigger any stop losses on the way down and generate income for the exchanges, it’s shady as anything and you wouldn’t usually see it in any other markets which are heavily regulated.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"I hold CTSI & AMP at the moment. Both very stable price wise and have the potential to gain over the years.

Steer clear of Bitcoin, its price is horrifically pumped up and exposed to massive manipulation (flash crash last week dropped it to $8,000), took a load of retail traders money and liquidated them.

Clearly you know more then me.

However, even the stock market suffers from crashes. The nature of buy low , sell high doesn’t change. Many people made lots of money buying at $8,000. What is it now , $62,000.

I get that, been in the markets long enough to identify a drop in price from deliberate sell off, to a flash crash from $64,000 to $8,000 and back up in a nano-second.

How do you identify a drop?

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Bitcoin. It’s market leader and the safest.

But its not eco-friendly and its slow.

I think whoever buys crypto is looking to appreciate their money not please Greta Thunberg "

"Not eco friendly" is an understatement! it uses more energy than all but 17 countries national energy use!!

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Bitcoin. It’s market leader and the safest.

But its not eco-friendly and its slow.

I think whoever buys crypto is looking to appreciate their money not please Greta Thunberg

"Not eco friendly" is an understatement! it uses more energy than all but 17 countries national energy use!! "

Don’t people read the original question haha.

Schools are failing our youngsters in basic comprehension.

Reply privately

Reply in forum

Reply +quote

By *agerMorganMan
over a year ago

Canvey Island

"I hold CTSI & AMP at the moment. Both very stable price wise and have the potential to gain over the years.

Steer clear of Bitcoin, its price is horrifically pumped up and exposed to massive manipulation (flash crash last week dropped it to $8,000), took a load of retail traders money and liquidated them.

Clearly you know more then me.

However, even the stock market suffers from crashes. The nature of buy low , sell high doesn’t change. Many people made lots of money buying at $8,000. What is it now , $62,000.

I get that, been in the markets long enough to identify a drop in price from deliberate sell off, to a flash crash from $64,000 to $8,000 and back up in a nano-second.

How do you identify a drop?

I use technical signals (MACD/STOIC) to tell me if something is overbought or oversold, the rest I use the news and other sites. It’s all good learning

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"I hold CTSI & AMP at the moment. Both very stable price wise and have the potential to gain over the years.

Steer clear of Bitcoin, its price is horrifically pumped up and exposed to massive manipulation (flash crash last week dropped it to $8,000), took a load of retail traders money and liquidated them.

Clearly you know more then me.

However, even the stock market suffers from crashes. The nature of buy low , sell high doesn’t change. Many people made lots of money buying at $8,000. What is it now , $62,000.

I get that, been in the markets long enough to identify a drop in price from deliberate sell off, to a flash crash from $64,000 to $8,000 and back up in a nano-second.

How do you identify a drop?

I use technical signals (MACD/STOIC) to tell me if something is overbought or oversold, the rest I use the news and other sites. It’s all good learning

You are drawing MACD on a crypto currency chart lol dude you need to go to therapy

Reply privately

Reply in forum

Reply +quote

By *agerMorganMan
over a year ago

Canvey Island

"I hold CTSI & AMP at the moment. Both very stable price wise and have the potential to gain over the years.

Steer clear of Bitcoin, its price is horrifically pumped up and exposed to massive manipulation (flash crash last week dropped it to $8,000), took a load of retail traders money and liquidated them.

Clearly you know more then me.

However, even the stock market suffers from crashes. The nature of buy low , sell high doesn’t change. Many people made lots of money buying at $8,000. What is it now , $62,000.

I get that, been in the markets long enough to identify a drop in price from deliberate sell off, to a flash crash from $64,000 to $8,000 and back up in a nano-second.

How do you identify a drop?

I use technical signals (MACD/STOIC) to tell me if something is overbought or oversold, the rest I use the news and other sites. It’s all good learning

You are drawing MACD on a crypto currency chart lol dude you need to go to therapy

I like to live dangerously.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

[Removed by poster at 26/10/21 18:06:54]

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"I hold CTSI & AMP at the moment. Both very stable price wise and have the potential to gain over the years.

Steer clear of Bitcoin, its price is horrifically pumped up and exposed to massive manipulation (flash crash last week dropped it to $8,000), took a load of retail traders money and liquidated them.

Clearly you know more then me.

However, even the stock market suffers from crashes. The nature of buy low , sell high doesn’t change. Many people made lots of money buying at $8,000. What is it now , $62,000.

I get that, been in the markets long enough to identify a drop in price from deliberate sell off, to a flash crash from $64,000 to $8,000 and back up in a nano-second.

We are intentionally being dim if we don’t believe all markets have a level of market manipulation.

It’s good to know you’ve got some methodology to identify this.

But a nanosecond in market change doesn’t effect average joe, who hasn’t placed a stop loss alert.

Reply privately

Reply in forum

Reply +quote

By *ack688Man
over a year ago

abruzzo Italy (and UK)

Mostly Ethereum, with some Solana and Cardano, waiting patiently for the transition to ETH2

Reply privately

Reply in forum

Reply +quote

By *ncubussuccubusCouple
over a year ago

Witney

Read ..

The bitcoin standard by Saifdean Ammous

Explains 'money' and IMHO why crypto is the future.

I'm glad most don't see it at the moment.....

Anyway, time will tell

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Read ..

The bitcoin standard by Saifdean Ammous

Explains 'money' and IMHO why crypto is the future.

I'm glad most don't see it at the moment.....

Anyway, time will tell

This is where I struggle.

I can see the value in crypto.

But I don't get why BTC is the answer.

Or any of the others.

I also can't see how BTC can transition from a asset ppl invest in to make money (speculation) to become a stable currency.

Reply privately

Reply in forum

Reply +quote

By *uddy laneMan
over a year ago

dudley

"Read ..

The bitcoin standard by Saifdean Ammous

Explains 'money' and IMHO why crypto is the future.

I'm glad most don't see it at the moment.....

Anyway, time will tell

This is where I struggle.

I can see the value in crypto.

But I don't get why BTC is the answer.

Or any of the others.

I also can't see how BTC can transition from a asset ppl invest in to make money (speculation) to become a stable currency.

Bitcoin is all about the block chain.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Read ..

The bitcoin standard by Saifdean Ammous

Explains 'money' and IMHO why crypto is the future.

I'm glad most don't see it at the moment.....

Anyway, time will tell

This is where I struggle.

I can see the value in crypto.

But I don't get why BTC is the answer.

Or any of the others.

I also can't see how BTC can transition from a asset ppl invest in to make money (speculation) to become a stable currency.

Consider BTC isn’t a currency as it’s touted.

Bitcoin demonstrates some attributes for a currency, but its main source of value lies in its restricted supply and increasing demand.

Reply privately

Reply in forum

Reply +quote

By *otMe66Man
over a year ago

Terra Firma

Would you guys recommend demo trading accounts to get more savvy on this or recommend another way to learn about cryptocurrencies?

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Would you guys recommend demo trading accounts to get more savvy on this or recommend another way to learn about cryptocurrencies? "

Demo is a good entry point. I'm a learner too

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Read ..

The bitcoin standard by Saifdean Ammous

Explains 'money' and IMHO why crypto is the future.

I'm glad most don't see it at the moment.....

Anyway, time will tell

This is where I struggle.

I can see the value in crypto.

But I don't get why BTC is the answer.

Or any of the others.

I also can't see how BTC can transition from a asset ppl invest in to make money (speculation) to become a stable currency.

Consider BTC isn’t a currency as it’s touted.

Bitcoin demonstrates some attributes for a currency, but its main source of value lies in its restricted supply and increasing demand."
yeah, but it appears to be demand for demand sake. How many ppl are buying btv for any other reason that they hope someone will buy it off them for more?

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Read ..

The bitcoin standard by Saifdean Ammous

Explains 'money' and IMHO why crypto is the future.

I'm glad most don't see it at the moment.....

Anyway, time will tell

This is where I struggle.

I can see the value in crypto.

But I don't get why BTC is the answer.

Or any of the others.

I also can't see how BTC can transition from a asset ppl invest in to make money (speculation) to become a stable currency.

Bitcoin is all about the block chain."
agreed. But block chain is not all about BTC. Hence the other crypto that's about.

Reply privately

Reply in forum

Reply +quote

By *ikerdelicMan
over a year ago

West Cumbria

Those of you wanting to dip a toe into crypto can get £40 going through Topcashback and joining Coinbase (you have to make a deposit but it says there's no minimum).

Then you can then earn a few dollars for each video you watch and answering some multiple-choice questions (probably £20-25).

Reply privately

Reply in forum

Reply +quote

By *ust RachelTV/TS
over a year ago

Horsham

"Bitcoin. It’s market leader and the safest.

But its not eco-friendly and its slow.

I think whoever buys crypto is looking to appreciate their money not please Greta Thunberg "

Or buy items, that are not stocked on shelves.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Bitcoin. It’s market leader and the safest.

But its not eco-friendly and its slow.

I think whoever buys crypto is looking to appreciate their money not please Greta Thunberg

Or buy items, that are not stocked on shelves."

Like toilet rolls . There’s been a massive price crash since 12 months ago

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Read ..

The bitcoin standard by Saifdean Ammous

Explains 'money' and IMHO why crypto is the future.

I'm glad most don't see it at the moment.....

Anyway, time will tell

This is where I struggle.

I can see the value in crypto.

But I don't get why BTC is the answer.

Or any of the others.

I also can't see how BTC can transition from a asset ppl invest in to make money (speculation) to become a stable currency.

Consider BTC isn’t a currency as it’s touted.

Bitcoin demonstrates some attributes for a currency, but its main source of value lies in its restricted supply and increasing demand.yeah, but it appears to be demand for demand sake. How many ppl are buying btv for any other reason that they hope someone will buy it off them for more?"

Sorry for my ignorance, so what it’s built on blockchain. Who said one needs proprietary software to be successful. Please explain .

Reply privately

Reply in forum

Reply +quote

By *rHotNottsMan
over a year ago

Dubai & Nottingham

"Hi all,

Are there anyone here into cryptocurrency and if so what cryto are you holding and why ?"

For investment and trading not anymore, I cashed out of BTC back in July and bought property. I might trade again in future but not right now, I will highly likely not invest again.

I’m interested in it as replacement to Fiat currently though, I like that more abs more jobs abs contracts pay in Crypto and that wallets are being pre installed on phones. I work in emerging markets so this a great move toward equality where so many people can’t get a bank account

For investment, I’m following those companies aligned with the above agenda

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

XRP & ETH, I recently sold my SHIB. XRP long run most useable coin. ETH I am waiting for ETH 2.0 to start up for cheaper gas fees etc there are many more I’m interested in but I am waiting for a dip

Reply privately

Reply in forum

Reply +quote

By *rHotNottsMan
over a year ago

Dubai & Nottingham

"Read ..

The bitcoin standard by Saifdean Ammous

Explains 'money' and IMHO why crypto is the future.

I'm glad most don't see it at the moment.....

Anyway, time will tell

This is where I struggle.

I can see the value in crypto.

But I don't get why BTC is the answer.

Or any of the others.

I also can't see how BTC can transition from a asset ppl invest in to make money (speculation) to become a stable currency.

Bitcoin is all about the block chain.agreed. But block chain is not all about BTC. Hence the other crypto that's about. "

Then you don’t understand the global problems it’s solving. Investing or trading in crypto is not different really to investing or trading FOREX. It’s just gambling and not very interesting.

But as a replacement to FIAT currency and ready to go on cheap smartphones it has the ability to provide access to e-commerce to millions of people who currently can’t transact.

Reply privately

Reply in forum

Reply +quote

By *osweet69Couple
over a year ago

portsmouth

Cryptocurrency is this century's 'tulipmania'

Reply privately

Reply in forum

Reply +quote

By *enuine MikeMan
over a year ago

Guildford

I've invested in Etherium, Bitcoin, TRON, Miota, litecon, Coinbase and Doge.

Got about £22k across all the above and Etherium is my best one

Reply privately

Reply in forum

Reply +quote

By *r-8-BBC OP Man
over a year ago

LONDON

"I've invested in Etherium, Bitcoin, TRON, Miota, litecon, Coinbase and Doge.

Got about £22k across all the above and Etherium is my best one

Long term (xrp, ADA, Tron, Digibyte)

Meme (Doge, Shib) and a few others

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

There’s a lot of misinformation above. If anybody has any crypto questions they’d prefer asking privately, feel free to DM. Inbox is open.. x

Reply privately

Reply in forum

Reply +quote

By *wisted999Man
over a year ago

North Bucks

Made a fair bit on Link when a certain area of the Internet manipulated the price.

Seeing how easy that was and the subsequent dips on others has made me very wary to dabble again.

I day trade now.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Read ..

The bitcoin standard by Saifdean Ammous

Explains 'money' and IMHO why crypto is the future.

I'm glad most don't see it at the moment.....

Anyway, time will tell

This is where I struggle.

I can see the value in crypto.

But I don't get why BTC is the answer.

Or any of the others.

I also can't see how BTC can transition from a asset ppl invest in to make money (speculation) to become a stable currency.

Bitcoin is all about the block chain.agreed. But block chain is not all about BTC. Hence the other crypto that's about.

Then you don’t understand the global problems it’s solving. Investing or trading in crypto is not different really to investing or trading FOREX. It’s just gambling and not very interesting.

But as a replacement to FIAT currency and ready to go on cheap smartphones it has the ability to provide access to e-commerce to millions of people who currently can’t transact.

Blockchain is just how it works. It’s a system to authenticate information using distributed processing. Think how you cite toy use google now, to search for information but most of it is fake. In the future you will be able to use block chains to determine the authenticity of information - financial transactions , land ownership etc are just early applications "
I will admit I don't understand the full details, but I have already said that I see value in Blockchain. That doesn't mean that BTC is the currency to hold.

The trouble I have with BTC is that it is currently not a currency. It's too volatile because, as you say, people are using it to gamble.

But for it to become a currency, all those gambling need to exit the market, and be replaced with those who want a stable yet boring value. I don't see how that will happen.

More likely, imo, is a new coin that isn't speculative at the start.

If that happens, btc may become worthless because the narrative above will disappear.

What stops a country issuing fiat crypto?

If it can, what makes that kes than perfect ... I'm guessing exchanging it across currencies. Which must be the same forn xchanging across cyber coins right ?

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Have you not heard of currency speculators ?

George Soros one of the more popular speculators.

People speculate on currency all the time. I think that alone, sinks your statement.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Have you not heard of currency speculators ?

George Soros one of the more popular speculators.

People speculate on currency all the time. I think that alone, sinks your statement."

I have. But the balance of people who use currency for speculation versus actual currency is very different for crypto versus fiat. I think that is a fair statement.

Is anyone here using BTC as a payment method? Versus to make gains.

Reply privately

Reply in forum

Reply +quote

By *ust RachelTV/TS
over a year ago

Horsham

"Bitcoin. It’s market leader and the safest.

But its not eco-friendly and its slow.

I think whoever buys crypto is looking to appreciate their money not please Greta Thunberg

Or buy items, that are not stocked on shelves.

Like toilet rolls . There’s been a massive price crash since 12 months ago "

Firearms, and other under the counter kit.

Reply privately

Reply in forum

Reply +quote

By *rHotNottsMan
over a year ago

Dubai & Nottingham

"Read ..

The bitcoin standard by Saifdean Ammous

Explains 'money' and IMHO why crypto is the future.

I'm glad most don't see it at the moment.....

Anyway, time will tell

This is where I struggle.

I can see the value in crypto.

But I don't get why BTC is the answer.

Or any of the others.

I also can't see how BTC can transition from a asset ppl invest in to make money (speculation) to become a stable currency.

Bitcoin is all about the block chain.agreed. But block chain is not all about BTC. Hence the other crypto that's about.

Then you don’t understand the global problems it’s solving. Investing or trading in crypto is not different really to investing or trading FOREX. It’s just gambling and not very interesting.

But as a replacement to FIAT currency and ready to go on cheap smartphones it has the ability to provide access to e-commerce to millions of people who currently can’t transact.

Blockchain is just how it works. It’s a system to authenticate information using distributed processing. Think how you cite toy use google now, to search for information but most of it is fake. In the future you will be able to use block chains to determine the authenticity of information - financial transactions , land ownership etc are just early applications I will admit I don't understand the full details, but I have already said that I see value in Blockchain. That doesn't mean that BTC is the currency to hold.

The trouble I have with BTC is that it is currently not a currency. It's too volatile because, as you say, people are using it to gamble.

But for it to become a currency, all those gambling need to exit the market, and be replaced with those who want a stable yet boring value. I don't see how that will happen.

More likely, imo, is a new coin that isn't speculative at the start.

If that happens, btc may become worthless because the narrative above will disappear.

What stops a country issuing fiat crypto?

If it can, what makes that kes than perfect ... I'm guessing exchanging it across currencies. Which must be the same forn xchanging across cyber coins right ?

It will happen there are some interesting innovative companies working with the regulators to bring about stable currencies , standardised tools and e-commerce for emerging markets and people in developed markets who can’t access bank accounts. There’s just also a lot of hype, misinformation and the usual people who want to get rich quick without working or thinking , the trick is discerning the rubbish to ignore abs just remember it’s a currency , to trade, invest or use. If you have no need to trade, invest or use it then it’s not really of any interest

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Have you not heard of currency speculators ?

George Soros one of the more popular speculators.

People speculate on currency all the time. I think that alone, sinks your statement.

I have. But the balance of people who use currency for speculation versus actual currency is very different for crypto versus fiat. I think that is a fair statement.

Is anyone here using BTC as a payment method? Versus to make gains. "

You ask a rhetorical question, as you clearly know the issues over acceptance and distribution.

You might not have seen this list I made last night :

I wrote:

Consider BTC isn’t a currency as it’s touted.

Bitcoin demonstrates some attributes for a currency, but its main source of value lies in its restricted supply and increasing demand.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

For beginners what good and where would one start

Reply privately

Reply in forum

Reply +quote

By *heekyguy2Man
over a year ago

Local

To get the most out the market I just let my trading team manage my portfolio, they're far more knowledgeable than me! Lol.

Easiest way for me to profit!

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Have you not heard of currency speculators ?

George Soros one of the more popular speculators.

People speculate on currency all the time. I think that alone, sinks your statement.

I have. But the balance of people who use currency for speculation versus actual currency is very different for crypto versus fiat. I think that is a fair statement.

Is anyone here using BTC as a payment method? Versus to make gains.

You ask a rhetorical question, as you clearly know the issues over acceptance and distribution.

You might not have seen this list I made last night :

I wrote:

Consider BTC isn’t a currency as it’s touted.

Bitcoin demonstrates some attributes for a currency, but its main source of value lies in its restricted supply and increasing demand."
it was slightly rhetorical, bit aimed at a comment that assumed the balance didn't matter.

I agree BTC isn't a currency even if it shows some attributes. Where I struggle is to understand why there is a demand other than the fact that more and more people think it will go up. But that only works if there is more and more demand.

Generally when I ask this, people will go back to currency, Blockchain, fiat and I'm in a loop again.

Reply privately

Reply in forum

Reply +quote

By *r-8-BBC OP Man
over a year ago

LONDON

Shib is pumping like crazy !

Reply privately

Reply in forum

Reply +quote

By *2000ManMan
over a year ago

Worthing

As with all investments only risk what you can afford to lose. Sirius Minerals (shares) is one example. People lost pensions and life savings on that horror story. Good luck in whatever you choose to do.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

I know I haven't really a clue but these coins just seem like the Emperors new clothes story . There really isn't anything solid there just 0 and 1 floating about and people jumping on the bandwagon making money until one day everyone wakes up and it all disappears leaving a few very rich people behind . Im most likely very wrong but as ive said no idea where the actual product is other than in someone's imagination a few years back

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"I know I haven't really a clue but these coins just seem like the Emperors new clothes story . There really isn't anything solid there just 0 and 1 floating about and people jumping on the bandwagon making money until one day everyone wakes up and it all disappears leaving a few very rich people behind . Im most likely very wrong but as ive said no idea where the actual product is other than in someone's imagination a few years back "
.

You do realise currency values is also about confidence. So it’s really no different to what the UK has been doing to cover our backsides paying for covid costs . Bank of England simply prints new money and leaves a POST-IT IOU on the fridge door

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Congratulations to all the Shiba Inu holders. One wallet bought $8000 worth of coins 14 months ago, which is now worth $5.7 billion.

It is reported that it could be one of the greatest trade

Reply privately

Reply in forum

Reply +quote

By *r-8-BBC OP Man
over a year ago

LONDON

"Congratulations to all the Shiba Inu holders. One wallet bought $8000 worth of coins 14 months ago, which is now worth $5.7 billion.

It is reported that it could be one of the greatest trade

Thank you. I am watching very closely

Reply privately

Reply in forum

Reply +quote

By *rHotNottsMan
over a year ago

Dubai & Nottingham

You’ve just accurately described the stock market and our governments money printing machine

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Congratulations to all the Shiba Inu holders. One wallet bought $8000 worth of coins 14 months ago, which is now worth $5.7 billion.

It is reported that it could be one of the greatest trade

With crypto ups and downs, it’s only worth what it’s worth in that nanosecond .

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Congratulations to all the Shiba Inu holders. One wallet bought $8000 worth of coins 14 months ago, which is now worth $5.7 billion.

It is reported that it could be one of the greatest trade

With crypto ups and downs, it’s only worth what it’s worth in that nanosecond ."

What's your point?

Reply privately

Reply in forum

Reply +quote

By *r-8-BBC OP Man
over a year ago

LONDON

Think we have one last pump for the year. Goodluck

Reply privately

Reply in forum

Reply +quote

By *heekyguy2Man
over a year ago

Local

"Congratulations to all the Shiba Inu holders. One wallet bought $8000 worth of coins 14 months ago, which is now worth $5.7 billion.

It is reported that it could be one of the greatest trade

Yeah but the market cap is $70M...

Meaning most of it is "dashboard money"

Reply privately

Reply in forum

Reply +quote

By *heekyguy2Man
over a year ago

Local

Still, a nice trade indeed lol

Reply privately

Reply in forum

Reply +quote

By *asycouple1971Couple
over a year ago

midlands

Might be too late but have a look at MANA..I invested a few days ago and doubled my investment..still scope for it to go up.

Also BAT

Him

Reply privately

Reply in forum

Reply +quote

By *r-8-BBC OP Man
over a year ago

LONDON

"Might be too late but have a look at MANA..I invested a few days ago and doubled my investment..still scope for it to go up.

Also BAT

Him"

Yeah I did early this year.

Reply privately

Reply in forum

Reply +quote

By *.D.I.D.A.SMan
over a year ago

London/Essex... ish... Romford to be exact

"I've invested in Etherium, Bitcoin, TRON, Miota, litecon, Coinbase and Doge.

Got about £22k across all the above and Etherium is my best one

Long term (xrp, ADA, Tron, Digibyte)

Meme (Doge, Shib) and a few others"

Unusual. These resemble the' old school' portfolios during the previous bull run.

Reply privately

Reply in forum

Reply +quote

By *asycouple1971Couple
over a year ago

midlands

AMC is the one to watch...up 5% today.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Had bitcoin, sold it for Shibu. Wise choice portfolio went up 20%. But it's that volatile you can be a king one day a pauper the next. Anyone who says they know what's going to happen is a liar.

Also I've got fuck all money invested.....just doing it to keep an eye on it.

So don't listen to me......like Manuel said "I know nothing"

Reply privately

Reply in forum

Reply +quote

By *otMe66Man
over a year ago

Terra Firma

"Had bitcoin, sold it for Shibu. Wise choice portfolio went up 20%. But it's that volatile you can be a king one day a pauper the next. Anyone who says they know what's going to happen is a liar.

Also I've got fuck all money invested.....just doing it to keep an eye on it.

So don't listen to me......like Manuel said "I know nothing""

After this thread was posted I did a little cryptocurrency research, it wasn't extensive but the conclusion I came to is exactly what you say, far to volatile.

The rules are out the window, influencers can push or bust the value at will with no repercussions.

I might be looking at it wrongly but all I can see is opportunity for manipulation which is not something I could invest in.

Reply privately

Reply in forum

Reply +quote

By *rHotNottsMan
over a year ago

Dubai & Nottingham

"Congratulations to all the Shiba Inu holders. One wallet bought $8000 worth of coins 14 months ago, which is now worth $5.7 billion.

It is reported that it could be one of the greatest trade

With crypto ups and downs, it’s only worth what it’s worth in that nanosecond .

What's your point? "

The point being no one has gained or lost anything , like stick until you actually choose to ash out it’s just numbers on a computer screen.

Reply privately

Reply in forum

Reply +quote

By *heBirminghamWeekendMan
over a year ago

here

"Congratulations to all the Shiba Inu holders. One wallet bought $8000 worth of coins 14 months ago, which is now worth $5.7 billion.

It is reported that it could be one of the greatest trade

With crypto ups and downs, it’s only worth what it’s worth in that nanosecond .

What's your point?

The point being no one has gained or lost anything , like stick until you actually choose to ash out it’s just numbers on a computer screen. "

Dont be afraid to take profits - have a plan and stick to it.

Reply privately

Reply in forum

Reply +quote

By *agerMorganMan
over a year ago

Canvey Island

Whoever bought that Squidgame token is sitting with a torn arsehole after that rug pull today.

Reply privately

Reply in forum

Reply +quote

By *uddy laneMan
over a year ago

dudley

"Congratulations to all the Shiba Inu holders. One wallet bought $8000 worth of coins 14 months ago, which is now worth $5.7 billion.

It is reported that it could be one of the greatest trade

With crypto ups and downs, it’s only worth what it’s worth in that nanosecond .

What's your point?

The point being no one has gained or lost anything , like stick until you actually choose to ash out it’s just numbers on a computer screen.

Dont be afraid to take profits - have a plan and stick to it.

Be aware hmrc are informed by law if you register with C Base and also if you withdraw from that gdp account too your bank account.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

You can churn at least 7% pa in a multi asset portfolio without the gross volatility of crypto and such a portfolio has direct links to real appreciating tangible assets .

Reply privately

Reply in forum

Reply +quote

By *.D.I.D.A.SMan
over a year ago

London/Essex... ish... Romford to be exact

"You can churn at least 7% pa in a multi asset portfolio without the gross volatility of crypto and such a portfolio has direct links to real appreciating tangible assets . "
7%? Crypto can do that in the time it takes one to have a piss.

And obviously the opposite can occur too

I saw my Shiba and more recently Mana explode but then my CB failed to connect as they dipped and I had to just watch it all drain away. CB is a really bad exchange, only suitable for beginners or those who invest longer term rather than trading I've discovered. And their fees or spread is a joke.

Reply privately

Reply in forum

Reply +quote

By *ordescourtMan
over a year ago

Warrington

How do you get into it, can I get involved with a £1 000

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"How do you get into it, can I get involved with a £1 000"
just as importantly , how do you get out of it ?

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"You can churn at least 7% pa in a multi asset portfolio without the gross volatility of crypto and such a portfolio has direct links to real appreciating tangible assets . 7%? Crypto can do that in the time it takes one to have a piss.

And obviously the opposite can occur too

Reply privately

Reply in forum

Reply +quote

By *aughty but nice...Man
over a year ago

Staffs

Yes

Xrp

Bitcoin

Bitcoin cash

Cardano

Litecoin

Amp

Shiba......for a laugh

Uniswap

Reply privately

Reply in forum

Reply +quote

By *uddy laneMan
over a year ago

dudley

You can get interest on some coin.

Reply privately

Reply in forum

Reply +quote

By *.D.I.D.A.SMan
over a year ago

London/Essex... ish... Romford to be exact

And obviously the opposite can occur too

This is true. Crypto is entirely based on speculation. But projects are now emerging. The gaming sector might mature much faster than some other areas for example and be income generating in 2022.

Reply privately

Reply in forum

Reply +quote

By *aughty Nas xxxMan
over a year ago

Birmingham

Reply privately

Reply in forum

Reply +quote

By *r-8-BBC OP Man
over a year ago

LONDON

Any opinion on phala Just bought some ?

Reply privately

Reply in forum

Reply +quote

By *drianukMan
over a year ago

Spain, Lancs

"How do you get into it, can I get involved with a £1 000"

You can get into it with far less. Try Coinbase

Reply privately

Reply in forum

Reply +quote

By *.D.I.D.A.SMan
over a year ago

London/Essex... ish... Romford to be exact

"Any opinion on phala Just bought some ? "

Was thinking about phala. If they win a parachain auction on dot it could be good.

With Coinbase they are very simple to use so may be a good choice for any beginner.

Just out of interest, how are people all funding their exchanges? Seems my bank Lloyds stopped all transactions a few months ago so I've had to resort to Revolut.

Reply privately

Reply in forum

Reply +quote

By *r-8-BBC OP Man
over a year ago

LONDON

"Any opinion on phala Just bought some ?

Was thinking about phala. If they win a parachain auction on dot it could be good.

With Coinbase they are very simple to use so may be a good choice for any beginner.

Just out of interest, how are people all funding their exchanges? Seems my bank Lloyds stopped all transactions a few months ago so I've had to resort to Revolut. "

The usual way, how everybody else does it

Reply privately

Reply in forum

Reply +quote

By *ooliganMan
over a year ago

Preston

I've done rather well out of SHIB the last few months, withdrawn all my original investment so I'm just playing with free money now... And I skim 10% every time my overall holding hits the next thousand-pound level.

Also got: Holo, Dot, Doge, ADA, VET, SOL, MANA, Matic, XRP and CKB.

I've all but reinvested all my BTC, I see it as a rather dull stable-coin these days - lots more fun (and profits) to be made in the memes!

Reply privately

Reply in forum

Reply +quote

By *aughty nerdsCouple
over a year ago

Worcester

We hold loads we have been invested a while now only choose coins with great utility solana thorchain for example.

Reply privately

Reply in forum

Reply +quote

By *drianukMan
over a year ago

Spain, Lancs

Bitcoin used to go up and down 90% either side. It's becoming more stable with a 50% range. It's stability will increase.

But it still has a LONG way to go up

Reply privately

Reply in forum

Reply +quote

By *r-8-BBC OP Man
over a year ago

LONDON

Sand is up

Reply privately

Reply in forum

Reply +quote

By *tephTV67TV/TS
over a year ago

Cheshire

BTC, ETH, ADA and unfortunately DOGE the only one I haven’t got my money back …..’hopefully’ yet. All of my holdings are profit now, so if those coins crash it’s money I didn’t have anyway.

Looking for the new ‘Shiba’ is something I’m looking into but plenty of people are trying to pump and dump crypto out there now, so it’s a minefield.

Reply privately

Reply in forum

Reply +quote

By *tephTV67TV/TS
over a year ago

Cheshire

Got TRX as well

Reply privately

Reply in forum

Reply +quote

By *lex46TV/TS
over a year ago

Near Wells

I have no idea what this thread is about.

I'll think I'll just stick with my NS&I account

Reply privately

Reply in forum

Reply +quote

By *r-8-BBC OP Man
over a year ago

LONDON

"I have no idea what this thread is about.

I'll think I'll just stick with my NS&I account

Its all about cryptocurrency

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

My girlfriend doesn't have a job. Her job is to literally watch stock market. She makes 20k every few weeks.

As for bitcoin, it's way to inflated atm, so avoid it until drops, as it always does but not very often

Reply privately

Reply in forum

Reply +quote

By *r-8-BBC OP Man
over a year ago

LONDON

Pump and dump

Reply privately

Reply in forum

Reply +quote

By *r-8-BBC OP Man
over a year ago

LONDON

Seems like we're in a bearish month

Reply privately

Reply in forum

Reply +quote

By *.D.I.D.A.SMan
over a year ago

London/Essex... ish... Romford to be exact

All those hypothesising a year end peak definitely didn't expect this!

Reply privately

Reply in forum

Reply +quote

By *r-8-BBC OP Man
over a year ago

LONDON

"All those hypothesising a year end peak definitely didn't expect this! "

I know, from all chatter of new deals being struck ATHs and ISO20022 you'd think we'd be more bullish about now.

Reply privately

Reply in forum

Reply +quote

By *osweet69Couple
over a year ago

portsmouth

It now looks like the wheels have well and truly come off for Cryptocurrencies hope everyone managed to get out in time.

Reply privately

Reply in forum

Reply +quote

By *all me FlikWoman
over a year ago

Galaxy Far Far Away

Just reading about one crypto trading firm that has filed for bankruptcy with £1 billion of debt due to a number of things including errors in recording by third parties, trying to cash in large crypto holdings which are not backed up by standard currencies and more.

This is the big problem with crypto...its no different to a run on the banks except that no government will bail you out.

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"Just reading about one crypto trading firm that has filed for bankruptcy with £1 billion of debt due to a number of things including errors in recording by third parties, trying to cash in large crypto holdings which are not backed up by standard currencies and more.

This is the big problem with crypto...its no different to a run on the banks except that no government will bail you out."
if this is the one I'm thinking of, it was more they were acting as a bank offering stupid interest rates, and taking stupid bets. Accepting crypto added to the stupidity as there was a lot bigger risk of a run of prices fell.

Reply privately

Reply in forum

Reply +quote

By *heBirminghamWeekendMan
over a year ago

here

This is the big problem with crypto...its no different to a run on the banks except that no government will bail you out.if this is the one I'm thinking of, it was more they were acting as a bank offering stupid interest rates, and taking stupid bets. Accepting crypto added to the stupidity as there was a lot bigger risk of a run of prices fell.

Celsius

(And the other recent one AC3)

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

Celsius

(And the other recent one AC3)

"
that's the one. They took deposits and paid interest right?

Reply privately

Reply in forum

Reply +quote

By *r-8-BBC OP Man
over a year ago

LONDON

"It now looks like the wheels have well and truly come off for Cryptocurrencies hope everyone managed to get out in time. "

I am in for the long run and i have an idea of which coins will be compliant and survive after regulations are imposed.

Reply privately

Reply in forum

Reply +quote

By *rHotNottsMan
over a year ago

Dubai & Nottingham

"Congratulations to all the Shiba Inu holders. One wallet bought $8000 worth of coins 14 months ago, which is now worth $5.7 billion.

It is reported that it could be one of the greatest trade

With crypto ups and downs, it’s only worth what it’s worth in that nanosecond .

What's your point?

The point being no one has gained or lost anything , like stick until you actually choose to ash out it’s just numbers on a computer screen.

Dont be afraid to take profits - have a plan and stick to it.

Most people don't though , I set a clear financial target and cashed out of BTC, Apple, Tesla , Microsoft and Amazon in July last year , no regrets whatsoever I bought half a house and sleep much better at night now not constantly watching numbers go up and down on my phone. Maybe I could have bought one and a half houses if I stayed , or maybe lost 100K that took years to save…..

Reply privately

Reply in forum

Reply +quote

By (user no longer on site)
over a year ago

"It now looks like the wheels have well and truly come off for Cryptocurrencies hope everyone managed to get out in time.

I am in for the long run and i have an idea of which coins will be compliant and survive after regulations are imposed. "
what do you see as the long run ? Are we talking years or decades ?

Reply privately

Reply in forum

Reply +quote

By *r-8-BBC OP Man
over a year ago

LONDON

Now all exchanges are being investigated by the SEC in the U.S

Reply privately

Reply in forum

Reply +quote

By *heBirminghamWeekendMan
over a year ago

here

“Coinbase and BlackRock announced a new partnership Thursday to allow BlackRock clients to trade and manage crypto in-house - New York-based BlackRock is the largest investment management firm in the world, claiming some $10 trillion in assets under management. The new Coinbase-BlackRock partnership will pair Coinbase Prime with Aladdin, BlackRock’s end-to-end investment management platform for its institutional investors.”

Reply privately

Reply in forum

Reply +quote

By *rHotNottsMan
over a year ago

Dubai & Nottingham

"It now looks like the wheels have well and truly come off for Cryptocurrencies hope everyone managed to get out in time.

I am in for the long run and i have an idea of which coins will be compliant and survive after regulations are imposed. what do you see as the long run ? Are we talking years or decades ?"

They have no idea how long they are in for or why - or what it is they are even in

Reply privately

Reply in forum

Reply +quote

Post new Message to Thread