Guys are any of you involved in the Stock Market or any other investments...I was going to go to Armagh City Hotel tonight for a seminar on this new Dascoin thing that's all the rage, was going to invest £1k in it but when i read into it there it wasn't as plain sailing as i thought. The guy explaining it to me on Friday night could have sold snow to the Eskimos and had me but a few hours today on the PC has changed my tune...
I know this Bitcoin is all the rage and Dascoin is supposed to replace it as the new dogs bollocks but from my research it sounds like a few guys are using Bitcoin as their template to start this Dascoin which looks nothing like Bitcoin...
i would reckon its a complete gamble . it could make you a millionaire or it may not catch on and lose you 1K could you handle that ?
even bitcoin's future is far from secure and I suspect its a hugely inflated bubble at the moment .
Put dascoin into an internet search and it looks like an MLM scheme.
Yeah looks dodge if you ask me ... there are plemty of cryptocurrencies out there that are reputable but anything where you don't get money until you encourage others to sign up makes me very wary!
Wouldn't touch it with a bargepole, there's so many ICOs at the minute that I just can't see it being sustainable in the long term.
Quote from: screenexile on December 11, 2017, 04:07:36 PM
Yeah looks dodge if you ask me ... there are plemty of cryptocurrencies out there that are reputable but anything where you don't get money until you encourage others to sign up makes me very wary!
Have people not learned anything from Madoff??
Yeah i already cancelled my lift up to Armagh this evening, far to many negatives for me.
TBH i wouldn't mind dipping my toe in the stock market though at some stage (more for an interest) nothing major just a few quid for a bit of craic
Plenty of legitimate companies out there to invest in.
Go up to Tommy Frenchs and put all the money you can afford on Dublin to win the All Ireland in 2018 at 11/10. They simply wont be beat. Granted you will have to wait 9 months for your return but nothing on the stock market offers anywhere near the same ROI.
Anybody want to comment on legitimacy of Onecoin/OneLife
Quote from: mrhardyannual on December 11, 2017, 05:21:39 PM
Anybody want to comment on legitimacy of Onecoin/OneLife
Wikipedia seems to have it covered . . .
QuoteOneCoin is a Ponzi scheme promoted as a cryptocoin with a private blockchain.
Rule 1.
If they mention getting more money for signing up others, run a mile.
I once went and listened to two jokers explaining an investment scheme built around the buying and selling of pieces of art.
After listening a while I commented to the main guy giving the presentation that the only way you could lose money at this was if everyone realised it was a pyramid scheme and pulled their money out. This suggestion got him quite irate so he started to explain quite forcefully that this was not a pyramid scheme and that he would clarify again how it worked just in case.
Step one of this explanation was to get out a pen and draw a load of diverging triangles on a flip chart...
I left.
I have two or three litecoin somewhere in a litecoin wallet from mining we did back in 2013. Gave up on it as for months it wasn't making any gains at all, and we packed it in. They're worth €140US dollars today and will probably keep going at which stage I need to try and find them!
A business partner at the time was much more clued up than me on the whole thing and thought we should mine for Litecoin as it was like the change compared to Bitcoin which was the big notes. To be fair he wasn't far away, but we didn't stick at it.
Litecoin has been going up steadily all year and ballooned in the last week.
Dashcoin is a pure scam. Stay clear.
Quote from: trileacman on December 11, 2017, 08:22:45 PM
Dashcoin is a pure scam. Stay clear.
Im curious why you say that. A friend has been at me to invest but through one thing or another I haven't but I was going to take a serious look at it as he is normally a shrewd enough man
Quote from: brokencrossbar1 on December 11, 2017, 10:06:34 PM
Quote from: trileacman on December 11, 2017, 08:22:45 PM
Dashcoin is a pure scam. Stay clear.
Im curious why you say that. A friend has been at me to invest but through one thing or another I haven't but I was going to take a serious look at it as he is normally a shrewd enough man
Look at it all you want, but it's a purely speculative investment......i.e. You have as much chance of it going to zero as you have of it doubling.
I heard a new acronym last week about Bitcoin-FOMO (fear of missing out)
This hype reminds me of the real estate boom here in the U.S around 2005 and dotcom bubble in the late 90's, everyone's talking about it and everyone is an expert.
Let me clarify. Bitcoin is not a scam or a ponzi, it has a certain intrinsic value and whilst it may or may not be over-valued certainly some variation of bitcoin (i.e crypto) has huge future potential in the global economy.
On the other hand dash-coin like some cryptocurrencies is a ponzi scam pure and simple. Don't believe me then read this and make up your own mind: http://ethanvanderbuilt.com/2017/08/07/is-dascoin-a-scam-or-truly-the-currency-of-trust/ (http://ethanvanderbuilt.com/2017/08/07/is-dascoin-a-scam-or-truly-the-currency-of-trust/)
With Dascoin you get paid to encourage people to join. That's a ponzi.
Bitcoin doesn't pay you to encourage others to join.
I would love to invest in something but mid risk stock rather than a possible pyramid type scheme...
Be interested in taking a chance with a start up business, investing with them and taking a small percentage, bit of a gamble but would need to have some investment before retiring
my pensions (I've a couple of frozen pensions, small current one) won't keep me in great lifestyle.. although wife's pension will do ;)
Whilst you men sort it out online, I'll stick with my US Dollar stockpile for now.
The thing that attracts my attention about Bitcoin and cryptocurrencies in general, is where can you actually spend them? I understand firms like PayPal and Microsoft take them, but the majority don't and I don't see a situation where you're going to be walking into Centra and paying for your loaf of bread and bottle of milk with a crypto currency, or paying the barman down the local with Bitcoin for your pint of Guinness. Most people seem to be investing in it simply because the value keeps increasing. I think there are similarities to the dotcom boom in that everybody kept buying and buying, inflating the price further and further before the market eventually recognised that these companies' revenues were nowhere near their valuation, never mind profits. Incidentally, Bitcoin futures started training today for the first time and didn't have the greatest of receptions by the market.
The markets/governments are afraid of bitcoin and what it could do to the whole way of dealing with money. Off course they want it to fail and will do everything in their power to make it fail.
Quote from: Hereiam on December 11, 2017, 11:17:06 PM
The markets/governments are afraid of bitcoin and what it could do to the whole way of dealing with money. Off course they want it to fail and will do everything in their power to make it fail.
yes, its the massive potential that makes it exciting, its not a normal stock.
i bought at $5k for small money, its now $16k, but i wont be looking to cash out anytime soon.
its a 20 or 30 year investment imo, by which stage it will be the facebook of currency, devouring any competitor that tries to go head to head (hopefully lol)
if it goes to zero in a couple of years so be it but i think in this case the upside could be gigantic
This is the worst one
https://youtu.be/pUPIIbEpn2A
Quote from: OgraAnDun on December 11, 2017, 11:08:55 PM
The thing that attracts my attention about Bitcoin and cryptocurrencies in general, is where can you actually spend them? I understand firms like PayPal and Microsoft take them, but the majority don't and I don't see a situation where you're going to be walking into Centra and paying for your loaf of bread and bottle of milk with a crypto currency, or paying the barman down the local with Bitcoin for your pint of Guinness. Most people seem to be investing in it simply because the value keeps increasing. I think there are similarities to the dotcom boom in that everybody kept buying and buying, inflating the price further and further before the market eventually recognised that these companies' revenues were nowhere near their valuation, never mind profits. Incidentally, Bitcoin futures started training today for the first time and didn't have the greatest of receptions by the market.
I agree with most of your post except this. Look how much less cash is used now since ten years ago. The missus never carries notes or coins anymore. Most people pay by card and paying by phone is getting much more widely accepted. In another ten years i fully expect cash to have reduced even more as phone and biometric methods of payment take over. In this scenario, your phone "wallet"/fingerprint/chip in your wrist can be linked back to a bitcoin account as easily as any other currency.
The problem with bitcoin or any other crypto being used as currency is that it's far, far too volatile. The price is pumping constantly, on and off, so people good it rather than spend it. It's more a value store like gold than it is a currency. A lot of the biggest exchanges, coinbase included, haven't been able to keep up with the demand from new users.
I have used eToro to do some investments in Ripple. Its just ok though. You can set ceiling levels of it my investment goes below this amount sell and if it goes above this amount sell. You can also copy people who are successful trades they have done. I joined it more to read the comments of different markets - only invested £200 in ripple a few weeks ago - its worth £230 atm. Ripple is about $0.24 cents each at the minute so the max sell point you can put is 1000% so if it goes to just over $2 each then mine would be sold automatically even if the price goes out to reach $100 each. However, if you were making 1000% increases on investments you be happy enough.
You can also invest in Oil/Gold most shares on eToro as well but as I say personally I just joined it to read the threads on the cryptos and put in a small enough £200 investment just out of interest. Also have some BTC and ETH I bought on Coinbase during the summer. Just ordered myself a USB Hardware Wallet - planning to move my cryto out of coinbase and hold the private keys for it myself - will also buy some more ripple and hold it in my own wallet
Quote from: TabClear on December 12, 2017, 10:55:22 AM
Quote from: OgraAnDun on December 11, 2017, 11:08:55 PM
The thing that attracts my attention about Bitcoin and cryptocurrencies in general, is where can you actually spend them? I understand firms like PayPal and Microsoft take them, but the majority don't and I don't see a situation where you're going to be walking into Centra and paying for your loaf of bread and bottle of milk with a crypto currency, or paying the barman down the local with Bitcoin for your pint of Guinness. Most people seem to be investing in it simply because the value keeps increasing. I think there are similarities to the dotcom boom in that everybody kept buying and buying, inflating the price further and further before the market eventually recognised that these companies' revenues were nowhere near their valuation, never mind profits. Incidentally, Bitcoin futures started training today for the first time and didn't have the greatest of receptions by the market.
I agree with most of your post except this. Look how much less cash is used now since ten years ago. The missus never carries notes or coins anymore. Most people pay by card and paying by phone is getting much more widely accepted. In another ten years i fully expect cash to have reduced even more as phone and biometric methods of payment take over. In this scenario, your phone "wallet"/fingerprint/chip in your wrist can be linked back to a bitcoin account as easily as any other currency.
I'm the same, I rarely carry cash and just use the tap technology for even the smallest of purchases - however, I prefer that card to be the virtual representation of something physical that is backed up by the state, rather than a relatively unregulated piece of data on my computer that might be worth 200% of yesterday's value but also 400% of tomorrow's value. And I think the vast majority of people think like that, making me doubt the actual utility of cryptocurrencies as anything more than an investment.
By the time any investment reaches the gaaboard it is probably too late, in fairness
Quote from: Frank_The_Tank on December 12, 2017, 11:24:39 AM
I have used eToro to do some investments in Ripple. Its just ok though. You can set ceiling levels of it my investment goes below this amount sell and if it goes above this amount sell. You can also copy people who are successful trades they have done. I joined it more to read the comments of different markets - only invested £200 in ripple a few weeks ago - its worth £230 atm. Ripple is about $0.24 cents each at the minute so the max sell point you can put is 1000% so if it goes to just over $2 each then mine would be sold automatically even if the price goes out to reach $100 each. However, if you were making 1000% increases on investments you be happy enough.
You can also invest in Oil/Gold most shares on eToro as well but as I say personally I just joined it to read the threads on the cryptos and put in a small enough £200 investment just out of interest. Also have some BTC and ETH I bought on Coinbase during the summer. Just ordered myself a USB Hardware Wallet - planning to move my cryto out of coinbase and hold the private keys for it myself - will also buy some more ripple and hold it in my own wallet
Checked out the virtual side of that website.. as a means to see if you did invest a couple of grand how that would look over a period, obviously when you invest your own money the bottom will fall out of the market !
Quote from: OgraAnDun on December 12, 2017, 11:35:41 AM
Quote from: TabClear on December 12, 2017, 10:55:22 AM
Quote from: OgraAnDun on December 11, 2017, 11:08:55 PM
The thing that attracts my attention about Bitcoin and cryptocurrencies in general, is where can you actually spend them? I understand firms like PayPal and Microsoft take them, but the majority don't and I don't see a situation where you're going to be walking into Centra and paying for your loaf of bread and bottle of milk with a crypto currency, or paying the barman down the local with Bitcoin for your pint of Guinness. Most people seem to be investing in it simply because the value keeps increasing. I think there are similarities to the dotcom boom in that everybody kept buying and buying, inflating the price further and further before the market eventually recognised that these companies' revenues were nowhere near their valuation, never mind profits. Incidentally, Bitcoin futures started training today for the first time and didn't have the greatest of receptions by the market.
I agree with most of your post except this. Look how much less cash is used now since ten years ago. The missus never carries notes or coins anymore. Most people pay by card and paying by phone is getting much more widely accepted. In another ten years i fully expect cash to have reduced even more as phone and biometric methods of payment take over. In this scenario, your phone "wallet"/fingerprint/chip in your wrist can be linked back to a bitcoin account as easily as any other currency.
I'm the same, I rarely carry cash and just use the tap technology for even the smallest of purchases - however, I prefer that card to be the virtual representation of something physical that is backed up by the state, rather than a relatively unregulated piece of data on my computer that might be worth 200% of yesterday's value but also 400% of tomorrow's value. And I think the vast majority of people think like that, making me doubt the actual utility of cryptocurrencies as anything more than an investment.
We should not let the banks bring in this cashless society as this will give them total control over our money. If it were totally cashless right now we would be sitting with interest rates in the minus and banks charging everybody to hold there money.
I have some excellent schemes that my Lagos office could interest you in
Quote from: Avondhu star on December 12, 2017, 12:46:25 PM
I have some excellent schemes that my Lagos office could interest you in
Don't you need a letter of introduction?
Quote from: Denn Forever on December 12, 2017, 02:09:45 PM
Quote from: Avondhu star on December 12, 2017, 12:46:25 PM
I have some excellent schemes that my Lagos office could interest you in
Don't you need a letter of introduction?
I have them personally signed by Mr
Mugabe from our Harare office
So I put £2000 of virtual money on that Etorro site and Ive made 15% profit of virtual money in over 2 hours... Think I'll take it out and quit while i'm ahead.. Litecoin was the stock i was spending the no money
assuming they are legit and above board and fairly stable
what is the main advantage of using a crypto currency , if you have a reasonable amount of faith in the Euro /dollar seeing and don't beelive in government and bank being in a conspiracy against you
, as has been explained , its possible to live cashless using regular credit and debit cards and how close are to a bitcoin MasterCard?
Quote from: rosnarun on December 12, 2017, 02:42:31 PM
assuming they are legit and above board and fairly stable
what is the main advantage of using a crypto currency , if you have a reasonable amount of faith in the Euro /dollar seeing and don't beelive in government and bank being in a conspiracy against you
, as has been explained , its possible to live cashless using regular credit and debit cards and how close are to a bitcoin MasterCard?
They already exist.
Quote from: Mickey Linden on December 11, 2017, 05:18:39 PM
Go up to Tommy Frenchs and put all the money you can afford on Dublin to win the All Ireland in 2018 at 11/10. They simply wont be beat. Granted you will have to wait 9 months for your return but nothing on the stock market offers anywhere near the same ROI.
Is Tommy giving 11/10 the best I can see on Oddschecker is even dough!
Quote from: gallsman on December 12, 2017, 02:51:58 PM
Quote from: rosnarun on December 12, 2017, 02:42:31 PM
assuming they are legit and above board and fairly stable
what is the main advantage of using a crypto currency , if you have a reasonable amount of faith in the Euro /dollar seeing and don't beelive in government and bank being in a conspiracy against you
, as has been explained , its possible to live cashless using regular credit and debit cards and how close are to a bitcoin MasterCard?
They already exist.
I thought lionsgold were in the process of linking a cryptocurrency and using the price of gold as a value via MasterCard. Only rumours at present.
Bitpay.com
Forget bitcoin, its fourth-biggest rival is up nearly 5,800 percent this year
https://www.cnbc.com/2017/12/12/litecoin-price-hits-record-high-up-nearly-5800-percent-this-year.html
Quote from: FL/MAYO on December 12, 2017, 05:39:57 PM
Forget bitcoin, its fourth-biggest rival is up nearly 5,800 percent this year
https://www.cnbc.com/2017/12/12/litecoin-price-hits-record-high-up-nearly-5800-percent-this-year.html
That's the one I've £2000 on (virtual money :D ) it's already made 400 quid of virtual money! I'm going to spend it on more shares lol
We should all chip in a Euro to one these things and after a year we can buy the 6 counties from Theresa May.
Quote from: FL/MAYO on December 12, 2017, 05:39:57 PM
Forget bitcoin, its fourth-biggest rival is up nearly 5,800 percent this year
https://www.cnbc.com/2017/12/12/litecoin-price-hits-record-high-up-nearly-5800-percent-this-year.html
Bought my current holding of this at 48 euro at end of September and my jaw has been pretty much on the floor all week.
Also, it's not seen as competition for but rather complementary to bitcoin. The "rivals" are the various forks of Bitcoin that currently exist, most prominently Bitcoin Cash.
Quote from: Frank_The_Tank on December 12, 2017, 11:24:39 AM
I have used eToro to do some investments in Ripple. Its just ok though. You can set ceiling levels of it my investment goes below this amount sell and if it goes above this amount sell. You can also copy people who are successful trades they have done. I joined it more to read the comments of different markets - only invested £200 in ripple a few weeks ago - its worth £230 atm. Ripple is about $0.24 cents each at the minute so the max sell point you can put is 1000% so if it goes to just over $2 each then mine would be sold automatically even if the price goes out to reach $100 each. However, if you were making 1000% increases on investments you be happy enough.
You can also invest in Oil/Gold most shares on eToro as well but as I say personally I just joined it to read the threads on the cryptos and put in a small enough £200 investment just out of interest. Also have some BTC and ETH I bought on Coinbase during the summer. Just ordered myself a USB Hardware Wallet - planning to move my cryto out of coinbase and hold the private keys for it myself - will also buy some more ripple and hold it in my own wallet
Is eToro a spreads platform or actually investing in stocks / crypto?
Quote from: Hereiam on December 12, 2017, 12:38:11 PM
Quote from: OgraAnDun on December 12, 2017, 11:35:41 AM
Quote from: TabClear on December 12, 2017, 10:55:22 AM
Quote from: OgraAnDun on December 11, 2017, 11:08:55 PM
The thing that attracts my attention about Bitcoin and cryptocurrencies in general, is where can you actually spend them? I understand firms like PayPal and Microsoft take them, but the majority don't and I don't see a situation where you're going to be walking into Centra and paying for your loaf of bread and bottle of milk with a crypto currency, or paying the barman down the local with Bitcoin for your pint of Guinness. Most people seem to be investing in it simply because the value keeps increasing. I think there are similarities to the dotcom boom in that everybody kept buying and buying, inflating the price further and further before the market eventually recognised that these companies' revenues were nowhere near their valuation, never mind profits. Incidentally, Bitcoin futures started training today for the first time and didn't have the greatest of receptions by the market.
I agree with most of your post except this. Look how much less cash is used now since ten years ago. The missus never carries notes or coins anymore. Most people pay by card and paying by phone is getting much more widely accepted. In another ten years i fully expect cash to have reduced even more as phone and biometric methods of payment take over. In this scenario, your phone "wallet"/fingerprint/chip in your wrist can be linked back to a bitcoin account as easily as any other currency.
I'm the same, I rarely carry cash and just use the tap technology for even the smallest of purchases - however, I prefer that card to be the virtual representation of something physical that is backed up by the state, rather than a relatively unregulated piece of data on my computer that might be worth 200% of yesterday's value but also 400% of tomorrow's value. And I think the vast majority of people think like that, making me doubt the actual utility of cryptocurrencies as anything more than an investment.
We should not let the banks bring in this cashless society as this will give them total control over our money. If it were totally cashless right now we would be sitting with interest rates in the minus and banks charging everybody to hold there money.
Yep, definitely negative rates for the average Joe once we reach that situation not to mention an in-built bailout system.
If cryptocurrencies keep up this wild value fluctuation then they'll never be useful to the average punter as a means of exchange or storing value. Love them or hate them, we need central banks to keep inflation under control.
When investing in the likes of these crypto currencies if you want to convert them back to regular cash is there much of a fee to do this?
Also when spending Bitcoin for example is it a % of your shares you are giving or is the currency and the share separate?
Quote from: MoChara on December 13, 2017, 08:35:09 AM
When investing in the likes of these crypto currencies if you want to convert them back to regular cash is there much of a fee to do this?
Also when spending Bitcoin for example is it a % of your shares you are giving or is the currency and the share separate?
Fees vary. Coinbase is the most popular exchange but is very expensive. They have a corresponding exchange called gdax that is cheaper.
Not sure I understand your second question. There's no "share". You own an amount of coin. If you have 1 BTC and buy something that costs 0.5 BTC, you're left with 0.5 BTC.
Quote from: gallsman on December 13, 2017, 08:57:18 AM
Quote from: MoChara on December 13, 2017, 08:35:09 AM
When investing in the likes of these crypto currencies if you want to convert them back to regular cash is there much of a fee to do this?
Also when spending Bitcoin for example is it a % of your shares you are giving or is the currency and the share separate?
Fees vary. Coinbase is the most popular exchange but is very expensive. They have a corresponding exchange called gdax that is cheaper.
Not sure I understand your second question. There's no "share". You own an amount of coin. If you have 1 BTC and buy something that costs 0.5 BTC, you're left with 0.5 BTC.
Thanks that was pretty much my understanding just wanting it clarified.
Quote from: macdanger2 on December 12, 2017, 10:28:43 PM
Quote from: Frank_The_Tank on December 12, 2017, 11:24:39 AM
I have used eToro to do some investments in Ripple. Its just ok though. You can set ceiling levels of it my investment goes below this amount sell and if it goes above this amount sell. You can also copy people who are successful trades they have done. I joined it more to read the comments of different markets - only invested £200 in ripple a few weeks ago - its worth £230 atm. Ripple is about $0.24 cents each at the minute so the max sell point you can put is 1000% so if it goes to just over $2 each then mine would be sold automatically even if the price goes out to reach $100 each. However, if you were making 1000% increases on investments you be happy enough.
You can also invest in Oil/Gold most shares on eToro as well but as I say personally I just joined it to read the threads on the cryptos and put in a small enough £200 investment just out of interest. Also have some BTC and ETH I bought on Coinbase during the summer. Just ordered myself a USB Hardware Wallet - planning to move my cryto out of coinbase and hold the private keys for it myself - will also buy some more ripple and hold it in my own wallet
Is eToro a spreads platform or actually investing in stocks / crypto?
More a spreads platform I would say - I invested £200 in ripple on eToro last week - it was $0.24 cents each at the time. Currently worth around $0.48 cents so my investment worth £407 if was to sell it and then would lose a bit in Fees - plan to leave it though for bit longer and see what it does. however as I mentioned you don't actually own the ripple cryto so if it went to $80 dollars each or $500 each my investment would already be gone - as the max return you make is 1000% (which you wouldn't complain about) and then it auto sells. So I assume it would be the same as investing in Amazon shares or Apple shares on there - you won't be actually owning shares in those companies by investing in eToro.
Im planning to probably cahs in my eToro and actually buy that amount of ripple and hold it in my own digital wallet
Quote from: Frank_The_Tank on December 13, 2017, 09:51:08 AM
Quote from: macdanger2 on December 12, 2017, 10:28:43 PM
Quote from: Frank_The_Tank on December 12, 2017, 11:24:39 AM
I have used eToro to do some investments in Ripple. Its just ok though. You can set ceiling levels of it my investment goes below this amount sell and if it goes above this amount sell. You can also copy people who are successful trades they have done. I joined it more to read the comments of different markets - only invested £200 in ripple a few weeks ago - its worth £230 atm. Ripple is about $0.24 cents each at the minute so the max sell point you can put is 1000% so if it goes to just over $2 each then mine would be sold automatically even if the price goes out to reach $100 each. However, if you were making 1000% increases on investments you be happy enough.
You can also invest in Oil/Gold most shares on eToro as well but as I say personally I just joined it to read the threads on the cryptos and put in a small enough £200 investment just out of interest. Also have some BTC and ETH I bought on Coinbase during the summer. Just ordered myself a USB Hardware Wallet - planning to move my cryto out of coinbase and hold the private keys for it myself - will also buy some more ripple and hold it in my own wallet
Is eToro a spreads platform or actually investing in stocks / crypto?
More a spreads platform I would say - I invested £200 in ripple on eToro last week - it was $0.24 cents each at the time. Currently worth around $0.48 cents so my investment worth £407 if was to sell it and then would lose a bit in Fees - plan to leave it though for bit longer and see what it does. however as I mentioned you don't actually own the ripple cryto so if it went to $80 dollars each or $500 each my investment would already be gone - as the max return you make is 1000% (which you wouldn't complain about) and then it auto sells. So I assume it would be the same as investing in Amazon shares or Apple shares on there - you won't be actually owning shares in those companies by investing in eToro.
Im planning to probably cahs in my eToro and actually buy that amount of ripple and hold it in my own digital wallet
Good man, thanks
I wouldn't be listening to any bitcoin fan boys on this but rather the experts out there who have made their fortunes and understand how these things work.
Whoever has them I'd be selling before the bubble bursts..Eamon CA is right on with his quote from Ray Dalio
You don't really need an economics degree from Harvard to come up with "sell before the bubble bursts" now, do you? Thanks for that.
I suppose it's knowing when the bubble will burst! As much of a low key gambler I am I wouldn't gamble on the stocks as I've absolutely no experience or time to invest in something and those sites take hefty fees which reduces your profits
Maybe in ten years, once mortgage is paid off and kids are married off I'll dabble as I like the idea of it but I'm glad my wife has the sense
Quote from: Milltown Row2 on December 13, 2017, 10:09:25 PM
I suppose it's knowing when the bubble will burst! As much of a low key gambler I am I wouldn't gamble on the stocks as I've absolutely no experience or time to invest in something and those sites take hefty fees which reduces your profits
Maybe in ten years, once mortgage is paid off and kids are married off I'll dabble as I like the idea of it but I'm glad my wife has the sense
I don't see stocks as a gamble. If you go after individual stocks - maybe. But if you have a balanced portfolio of your own determining or you invest in an index fund from someone like vanguard - realistically hard to go wrong. You'll get a return of at least 6%-8% per year. If you direct debit into that account every month or every quarter and leave it alone you'll have a nice chunk of money in 15-20 years. I don't know a whole lot about individual stocks but I've consistently put money into an index fund for the last 10 years and I'm very happy with the return so far.
I think anyone "saving" money in a bank is mad. It's a waste of time - they're just big mattresses at this point when it comes to saving.
There are lots of books out there to help get you started
if this does not give people pause for thought about cyrptocurrencies I don't know what will...
Ether is subdivided into smaller units, respectively called finney, szabo, shannon, babbage, lovelace and wei. Each of these units is equal to a thousand times the smaller unit following it. For example, this would mean that one thousand finneys is equal to one ether
that's free advice even though I know I could get at least one szabo finney for it
Quote from: Milltown Row2 on December 13, 2017, 10:09:25 PM
I suppose it's knowing when the bubble will burst! As much of a low key gambler I am I wouldn't gamble on the stocks as I've absolutely no experience or time to invest in something and those sites take hefty fees which reduces your profits
Maybe in ten years, once mortgage is paid off and kids are married off I'll dabble as I like the idea of it but I'm glad my wife has the sense
The bubble will burst whenever everyone starts selling! One follows the other!
anyone manage to sell a bitcoin in the past month as opposed to hearing how much its worth. can you realise the value of it ??
Quote from: Orchard park on December 14, 2017, 03:53:09 PM
anyone manage to sell a bitcoin in the past month as opposed to hearing how much its worth. can you realise the value of it ??
If the price is going up, it's because demand currently outstrips supply and therefore nobody should have a problem selling at a good price unless they flood the market. Unless there are some sort of regulatory restrictions on selling, which I do not believe there are.
Quote from: Milltown Row2 on December 13, 2017, 10:09:25 PM
I suppose it's knowing when the bubble will burst! As much of a low key gambler I am I wouldn't gamble on the stocks as I've absolutely no experience or time to invest in something and those sites take hefty fees which reduces your profits
Maybe in ten years, once mortgage is paid off and kids are married off I'll dabble as I like the idea of it but I'm glad my wife has the sense
Best way to deal with stocks is to contribute to a mutual fund and start early. Let time do the work. I started contributing to a 401k (employer-based retirement stock portfolio, all tax deferred) as soon as I was eligible to enrol, which was in my twenties. It's been doing very nicely. The market will hit a few bumps here and there but over time it'll show a steady increase. My portfolio was quite aggressive but now that I'm a bit older I plan to dial it down a bit to something a bit more conservative with a lower but surer return.
Quote from: Orchard park on December 14, 2017, 03:53:09 PM
anyone manage to sell a bitcoin in the past month as opposed to hearing how much its worth. can you realise the value of it ??
Article here (https://www.investopedia.com/articles/investing/112914/liquidity-bitcoins.asp) about how liquid they are. Apparently it's getting easier to sell as it becomes more accepted.
In theory it's easier to sell.
In reality, the network and the exchanges are struggling with the weight of new traffic.
There's a huge backlog of transactions at the minute on bitcoin and the fees the miners are charging to process them are sky high.
Has the bubble burst?
Rebounding massively at the minute. My portfolio went down almost 50% in the last day and had now almost completely recovered. A big correction wax needed after the massive increases recently.
Quote from: Mickey Linden on December 11, 2017, 05:18:39 PM
Go up to Tommy Frenchs and put all the money you can afford on Dublin to win the All Ireland in 2018 at 11/10. They simply wont be beat. Granted you will have to wait 9 months for your return but nothing on the stock market offers anywhere near the same ROI.
Bump. 1/2 next year. 50% ROI
Anyone, outside of the crypto currency stuff, made any decent investments lately? I reckon I've 3 years before I can possibly have a look at it seriously but wouldn't mind dipping my toe into some venture, low risk of course..
Those that invested in Dublin winning the All Ireland every year (see previous post) well done ;D
I've been pretty terrible at investments literally found out about the lifetime ISA when I was 39 so just started contributing to that then and have my pension which is very small.2
I've seen bits and pieces of different things saying you should be investing a few hundred every month to a safe index with a return of 6-8% per year then in 30 years you should have a nice lump sum but haven't gotten around to doing anything about it yet.
Crypto I've looked at but it scares the bejaysus out of me it might be the next big thing but it's not there yet and I'm not risking it at the minute. Also with NFTs I think they will probably become a thing but they'll take longer than Crypto to really start to work and I hate the idea of them anyway.
Would be interested to hear what others have done or are doing that could turn a few pounds. By and large there's a fairly savvy group of like minded people in here which could help as opposed to the bolloxogy you can get online!
I have a pension that I contribute a fair chunk to every month.
I made a few quid at Crypto but this last year has been terrible and I am down prob 2k. I just have to hold until the next run.
I bought some art recently. I know nothing about it and haven't even seen it. So we'll see. I am told its a 30% ROI.
Gold has been fairly decent the past 10 years but over the longer term, meh.
What about investments into small businesses? Would someone go down that road? Investment with a share of the company?
I remember being interested in buying into a previous employers business (thank fuvk I didn't in the end) but I remember having a meeting with this financial company and showing the profits this venture would make and so on, he came back with a proposal of a hidden backer who would provide half of what I needed providing I got the other half..
The business at the time was pretty good but would always have needed to be moving with the times, this wasn't happening so I left.
What I'm saying is there a network small business or something that look for investment with a percentage given based on what you invest? Dragons den type
Started taking an interest in this stuff during Covid times when I had more free time, previously had never even considered any of it.
If its for the long term, then pension is the best most secure investment where the government effectively gives you 25% free money plus you get your ROI. My own view is that we are in for a recession over the next few years so stock markets could well be down for a while, however its not a good strategy to try and predict these things.
After bemoaning Crypto for a long time I bought a small bit last year but it is more for the longer term unless it takes a massive spike upwards in which case I'll sell. I'd only invest a small amount in this that I can afford to lose, view it a bit like doing the lotto.
Property is overcooked at the minute as prices are almost back at pre financial crisis levels and interest rates are on the rise. Its a sellers market at the minute and I expect prices will inevitably fall as household income is falling and will continue to do so as inflation and interest rates rise simultaneously. By the Autumn time I think this will become more obvious.
Don't know much about these NFT's, I would be interested to learn about these.
So in summary I think the best thing you can do is to back Kerry and Limerick to win the AI titles and get a 220% return on your money!
https://www.ft.com/content/53358427-a244-4a1c-9ab6-3706f7ebda6c
This underlines two growing threats to the Fed. The first is that it might be forced to1 induce a US recession with far higher interest rate increases than it now anticipates. The Fed's last dot plot predicts a 1.9 per cent rate by the end of this year. Last week Deutsche Bank predicted the Fed would have to lift that rate to 5 or 6 per cent to tame inflation.
If Irish rates go to 6% , house prices will collapse. So will pension funds.
Gold is worth a look
I do think we're heading for a downturn next year so might try and save a bit to invest in the dip next year at some stage.
I've been watching Warren Buffet interviews on YouTube. Plenty of good advice in there. He likes companies that are undervalued, and he invests in them for the long haul rather than going for a quick killing. He stays away from businesses he doesn't understand, which I think is wise. He doesn't touch crypto, he reckons it's another Dutch Tulip mania, and I agree with him. I know there's people that got rich on the upswing, but it's one of those cases where you only hear about the boys that win, and it could put your smoke out if you get in just before the bubble bursts. Too risky for my liking, even for investing a small sum.
Berkshire Hathaway stock has never been split, so it's up to nearly half a million dollars per share now and it doesn't pay a dividend. This is deliberate to discourage speculation. There is a Berkshire Hathaway B stock that's only $326 per share, but it doesn't pay a dividend either.
If you want dividends, there's an article here (https://www.kiplinger.com/slideshow/investing/t052-s001-9-highest-yielding-warren-buffett-dividend-stocks/index.html) about dividend-paying stocks owned by Berkshire, so you might fancy a flutter on some of them.
Quote from: screenexile on May 04, 2022, 10:48:50 PM
I do think we're heading for a downturn next year so might try and save a bit to invest in the dip next year at some stage.
Stocks have already been sliding for a while, so I'm starting to get in now.
How/What do board users use to invest in stocks and shares?
I see revolut metal you are able to trade in New York listed shares?
The wife was given a fair number of premium government bonds recently, I remember Martin Lewis saying one time that they should always keep their value and the odd win you get, will cover what you would lose by putting it into a savings type thing..
Anyone any history of using them or lucky enough to get a win? Only know of a couple of people that have and generally its £25 or a couple of hundred.
I've won 50 quid on them twice.