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Non GAA Discussion => General discussion => Topic started by: gallsman on September 01, 2017, 02:36:49 PM

Title: Cryptocurrency
Post by: gallsman on September 01, 2017, 02:36:49 PM
Anyone on the board made any cryptocurrency investments or done any research on it? What's your verdict? Is it the future? Is it all a massive bubble that's about to burst?
Title: Re: Cryptocurrency
Post by: theskull1 on September 01, 2017, 03:29:39 PM
Peter Schiff talking about this on Joe Rogan

Go to 2hrs 13mins 20secs for the start of that part of the conversation

https://www.youtube.com/watch?v=by1OgqQQANg (https://www.youtube.com/watch?v=by1OgqQQANg)
Title: Re: Cryptocurrency
Post by: Eamonnca1 on September 01, 2017, 06:10:04 PM
I don't fully understand it myself but The Economist did a decent piece on it years ago:

https://www.economist.com/news/leaders/21677198-technology-behind-bitcoin-could-transform-how-economy-works-trust-machine (https://www.economist.com/news/leaders/21677198-technology-behind-bitcoin-could-transform-how-economy-works-trust-machine)
Title: Re: Cryptocurrency
Post by: Hardy on September 01, 2017, 08:13:30 PM
Peter Schiff talking about this on Joe Rogan

Go to 2hrs 13mins 20secs for the start of that part of the conversation

https://www.youtube.com/watch?v=by1OgqQQANg (https://www.youtube.com/watch?v=by1OgqQQANg)

In his attempt to explain why it won't work I think he convinced me that it will.

Standard money is just a medium of exchange with no intrinsic value since the gold standard was abandoned and whose notional value is bound to collapse when the fractional reserve banking dodge, built on debt-based funny money collapses as it inevitably must.

If contracting entities in sufficient numbers agree to use bitcoin as a medium of exchange, the only difference in comparison to money is in the fact that bitcoin's notional value is not artificially inflated as debt-based money's is.
Title: Re: Cryptocurrency
Post by: omaghjoe on September 01, 2017, 08:33:33 PM
Peter Schiff talking about this on Joe Rogan

Go to 2hrs 13mins 20secs for the start of that part of the conversation

https://www.youtube.com/watch?v=by1OgqQQANg (https://www.youtube.com/watch?v=by1OgqQQANg)

In his attempt to explain why it won't work I think he convinced me that it will.

Standard money is just a medium of exchange with no intrinsic value since the gold standard was abandoned and whose notional value is bound to collapse when the fractional reserve banking dodge, built on debt-based funny money collapses as it inevitably must.

If contracting entities in sufficient numbers agree to use bitcoin as a medium of exchange, the only difference in comparison to money is in the fact that bitcoin's notional value is not artificially inflated as debt-based money's is.

The fact most if not all currency are now just concepts with public buyin mean that it doesnt have to be based on anything to succeed.
With public confidence and buyin they could take off but would they suceed? If left to the free market IO fancy they could be headed for a crash.
Sovereign currencies are backed up by central banks and governments and that's a key difference as far as long term success goes. Personally I think it will take off, head towards a crash and subsequently regulation that will likely kill them being used widespread, but if you get in and out before the crash it could be a good investment.

I know SFA about them tho TBH
Title: Re: Cryptocurrency
Post by: Eamonnca1 on September 01, 2017, 09:40:57 PM
The gold standard is long gone. The "inevitable collapse of civilization as we know it" that Ron Paul types keep predicting seems to be as far away as ever. Seems like we're doing just fine with fiduciary money.
Title: Re: Cryptocurrency
Post by: Gabriel_Hurl on September 01, 2017, 11:14:23 PM
I've had one of those Goldmoney accounts for 2 years now. I pop a couple of hundred into it every month.
Title: Re: Cryptocurrency
Post by: mrhardyannual on September 01, 2017, 11:32:58 PM
Onecoin anybody?
Title: Re: Cryptocurrency
Post by: tothetop03 on September 02, 2017, 07:44:25 AM
I bought some Dascoin about 3 months ago..... not trading to it seems 2018...so it is a wait but we will see what happens....
Title: Re: Cryptocurrency
Post by: longballin on September 02, 2017, 08:24:13 AM
Put in a few bob myself, not a huge amount. A friend persuaded me but I havent a clue. He's put in a lot and is no eejit. So I just wait and see... blind faith
Title: Re: Cryptocurrency
Post by: stiffler on September 02, 2017, 09:03:57 AM
I've had one of those Goldmoney accounts for 2 years now. I pop a couple of hundred into it every month.

How has it performed ?

Where can you see its performance over the last day 3 yrs?
Title: Re: Cryptocurrency
Post by: gallsman on September 02, 2017, 09:28:26 AM
I've had one of those Goldmoney accounts for 2 years now. I pop a couple of hundred into it every month.

How has it performed ?

Where can you see its performance over the last day 3 yrs?

Just Google the price of gold. GoldMoney isn't crypto - you're purchasing physical gold.
Title: Re: Cryptocurrency
Post by: gallsman on November 28, 2017, 10:23:13 AM
Bitcoin on the verge of going through $10k
Title: Re: Cryptocurrency
Post by: Frank_The_Tank on November 28, 2017, 12:26:24 PM
Invested about £800 in BTC and £800 in ETH back in the summer.  BTC was around £3,100 each when invested - my investment got me 0.27 = worth just over £2K at the minute.  Just pity didn't invest last year when they were £500 each or a few years ago when I had considered it and they were £80 each and got talked out of it by another guy I worked with  :(
Title: Re: Cryptocurrency
Post by: GetOverTheBar on November 28, 2017, 01:41:49 PM
Not directly on topic, not but a million miles away, there is an online football stockmarket getting quite big. Been on it from it's early days - there's a bit of money to be made if you have a bit of patience.

https://trade.footballindex.co.uk/
Title: Re: Cryptocurrency
Post by: whitey on November 28, 2017, 03:07:25 PM
I know a guy who's pretty well off (i.e. He can tolerate the risk of it going to $0)

He threw $20-$30 grand into it last year

He has made an absolute killing so far

He told me about it when it was about $2500, but it sounded too risky for me
Title: Re: Cryptocurrency
Post by: screenexile on November 28, 2017, 03:22:18 PM
I know a guy who's pretty well off (i.e. He can tolerate the risk of it going to $0)

He threw $20-$30 grand into it last year

He has made an absolute killing so far

He told me about it when it was about $2500, but it sounded too risky for me

I'm the same. . . too risk averse for that shit don't want to be dropping a couple of grand on something that has no stability!

Have been seriously thinking about it this past month but I think I'll leave it.
Title: Re: Cryptocurrency
Post by: rosnarun on November 28, 2017, 03:24:49 PM
I smell bubble again. and when it all goes tits up it'll be the governments fault .
money to be made in the meanwhile , but when the music stops....
Title: Re: Cryptocurrency
Post by: gallsman on November 28, 2017, 03:25:23 PM
I know a guy who's pretty well off (i.e. He can tolerate the risk of it going to $0)

He threw $20-$30 grand into it last year

He has made an absolute killing so far

He told me about it when it was about $2500, but it sounded too risky for me

It was under 1k at the end of the year, so he's made at least 1000% on it.
Title: Re: Cryptocurrency
Post by: screenexile on November 28, 2017, 03:26:08 PM
I know a guy who's pretty well off (i.e. He can tolerate the risk of it going to $0)

He threw $20-$30 grand into it last year

He has made an absolute killing so far

He told me about it when it was about $2500, but it sounded too risky for me

It was under 1k at the end of the year, so he's made at least 1000% on it.

How long will he leave his money in for though!!
Title: Re: Cryptocurrency
Post by: whitey on November 28, 2017, 04:01:10 PM
I know a guy who's pretty well off (i.e. He can tolerate the risk of it going to $0)

He threw $20-$30 grand into it last year

He has made an absolute killing so far

He told me about it when it was about $2500, but it sounded too risky for me

It was under 1k at the end of the year, so he's made at least 1000% on it.

How long will he leave his money in for though!!

I'm meeting him next week so I'll find out if he's taken anything off the the table

He was telling me about his neighbor who was one of the very first into it....instead of giving cash to his nieces and nephews for Xmas and birthdays, he gave them units of Bitcoin. If I remember correctly some got between 5 and 10 units.

Title: Re: Cryptocurrency
Post by: lurganblue on November 28, 2017, 04:14:33 PM
How easy is it to sell your units or cash out or whatever?
Title: Re: Cryptocurrency
Post by: rrhf on November 28, 2017, 04:30:02 PM
Is this like cfd 
Title: Re: Cryptocurrency
Post by: screenexile on November 28, 2017, 04:34:18 PM
How easy is it to sell your units or cash out or whatever?

Having had a look at it there seems to be steep enough comission in places.
Title: Re: Cryptocurrency
Post by: gallsman on November 28, 2017, 04:48:16 PM
Depends on what exchange you're using. Coinbase is the easiest but probably the most expensive too. There are sites that link you with direct sellers like localbitcoins
Title: Re: Cryptocurrency
Post by: gallsman on November 29, 2017, 11:17:40 AM
So it smashed through $10k with no big sell off and is about to hit 11k.
Title: Re: Cryptocurrency
Post by: LeoMc on November 29, 2017, 01:06:15 PM
So it smashed through $10k with no big sell off and is about to hit 11k.
Time to bail..
Title: Re: Cryptocurrency
Post by: DickyRock on November 29, 2017, 03:02:15 PM
One word


HOLD
Title: Re: Cryptocurrency
Post by: gallsman on December 07, 2017, 10:23:15 AM
Bitcoin through the $15,000 mark.

Futures market from Wall Street coming on Monday
Title: Re: Cryptocurrency
Post by: DickyRock on December 07, 2017, 05:51:31 PM
One word


HOLD
Title: Re: Cryptocurrency
Post by: screenexile on January 17, 2018, 02:16:36 PM
One word


HOLD

And now???

Looks like there's been a bit of a crash in Cryptocurrencies today!!
Title: Re: Cryptocurrency
Post by: clarshack on January 17, 2018, 03:23:02 PM
good time to buy then?
Title: Re: Cryptocurrency
Post by: TabClear on January 17, 2018, 03:45:54 PM
good time to buy then?

The phrase "Never try to catch a falling knife springs to mind". But these Cryptocurrencies seem to have a whole new set of rules so who knows. I personally think that one of the "Big" tech companies is going to come up with something that has some degree of intrinsic value, whether through guarantees, greater acceptability etc that will kill the majority of these.

But if I knew what i was talking about I would have bought Bitcoin at Ä1,000 last year and be crying about only having 8 times my money rather than 20!  :-\ :-\
Title: Re: Cryptocurrency
Post by: The Iceman on January 17, 2018, 03:54:37 PM
the value is in the blockchain technology - companies who embrace that and make practical uses for it make sense - theres a company called ShipChain that are working on use cases in the logistics space...
the currency to me was always a huge risk. There's no such thing as a get rick quick scheme. The amount of these currencies popping up is as frequent as the experts who will sell them to you.
Sorry to all who bought recently and just lost money
Title: Re: Cryptocurrency
Post by: Mike Tyson on January 17, 2018, 03:58:34 PM
good time to buy then?

The phrase "Never try to catch a falling knife springs to mind". But these Cryptocurrencies seem to have a whole new set of rules so who knows. I personally think that one of the "Big" tech companies is going to come up with something that has some degree of intrinsic value, whether through guarantees, greater acceptability etc that will kill the majority of these.

But if I knew what i was talking about I would have bought Bitcoin at Ä1,000 last year and be crying about only having 8 times my money rather than 20!  :-\ :-\

On the contrary, if you look at the price of Bitcoin, its mirroring a classic bubble price over time graph. Shown here at the top of the page: http://www.telegraph.co.uk/technology/2018/01/11/uncanny-chart-shows-bitcoin-bubble-could-burst/

If you Google Bitcoin vs Dotcom bubble, again the comparisons are uncanny so far.

As Iceman said, the real potential seems to be in the technology underpinning the currencies as opposed to the actual currencies themselves.
Title: Re: Cryptocurrency
Post by: gallsman on January 17, 2018, 03:59:13 PM
Been crashing the last few days and I've taken a big hit. Might interest anyone thinking about buying that the yearly low of BTC has been mid January for the last three years.
Title: Re: Cryptocurrency
Post by: DickyRock on January 17, 2018, 08:51:30 PM
I'm still holding. I bought low, and when I did I knew the money I put in was at risk.

I used to work for a crypto company and still work within the blockchain industry. I still believe in cryptocurrencies, but I wouldn't be investing my life savings, nor have I the time/desire to become a day trader.

As always do your own research.
Title: Re: Cryptocurrency
Post by: gallsman on January 17, 2018, 09:46:01 PM
I'm holding too. My entire portfolio is up a third in the last 5 hours. Very, very welcome after the last few days.
Title: Re: Cryptocurrency
Post by: TabClear on March 30, 2018, 09:41:58 AM
Bitcoin down nearly $1000 in the last 24 hours to under $7k.

https://www.express.co.uk/finance/city/939193/Cryptocurrency-price-bitcoin-ethereum-ripple-litecoin-cryptocurrency-news
Title: Re: Cryptocurrency
Post by: Mickey Linden on September 02, 2018, 11:15:12 PM
Dubs 1/2 for next year all ireland. Anyone still looking at crypto needs their head read
Title: Re: Cryptocurrency
Post by: gallsman on December 31, 2020, 12:49:29 AM
Bitcoin about to go past 30k USD.
Title: Re: Cryptocurrency
Post by: Mayo4Sam on January 07, 2021, 11:13:45 PM
Anyone signing up for strike?

https://twitter.com/jackmallers/status/1346866335536582656?s=24

https://m.youtube.com/watch?v=Rt2C3CsLi7k

Really looks like it will be the future and drive crypto

Link to sign up below


https://global.strike.me/?kid=1EMM49
Title: Re: Cryptocurrency
Post by: Mikhail Prokhorov on January 07, 2021, 11:31:58 PM
One word


HOLD

And now???

Looks like there's been a bit of a crash in Cryptocurrencies today!!

40k today, keep holding, it's long term play  ;)
Title: Re: Cryptocurrency
Post by: RedHand88 on January 07, 2021, 11:52:10 PM
Dubs 1/2 for next year all ireland. Anyone still looking at crypto needs their head read

Hi from 2021  ;D
Title: Re: Cryptocurrency
Post by: trailer on January 08, 2021, 09:04:33 AM
Unreal. I had 3k that I threw into an account back in Dec and it's worth over 6k now.
Title: Re: Cryptocurrency
Post by: Itchy on January 19, 2021, 03:44:06 PM
What ye reckon lads, still a good time to buy crypto? Any recommendations on what currency?
Title: Re: Cryptocurrency
Post by: TabClear on January 19, 2021, 06:15:08 PM
What ye reckon lads, still a good time to buy crypto? Any recommendations on what currency?

Whatever you go for tattoo your password on the missus's back some night. This poor bastard  :o :o

https://www.bbc.co.uk/news/technology-55645408

We've all been there - brain fog makes us forget our password and after eight frantic attempts, we have just two left.

That's the situation for programmer Stefan Thomas but the stakes are higher than most - the forgotten password will let him unlock a hard drive containing $240m (£175m) worth of Bitcoin.
Title: Re: Cryptocurrency
Post by: Itchy on January 19, 2021, 09:05:21 PM
What ye reckon lads, still a good time to buy crypto? Any recommendations on what currency?

Whatever you go for tattoo your password on the missus's back some night. This poor bastard  :o :o

https://www.bbc.co.uk/news/technology-55645408

We've all been there - brain fog makes us forget our password and after eight frantic attempts, we have just two left.

That's the situation for programmer Stefan Thomas but the stakes are higher than most - the forgotten password will let him unlock a hard drive containing $240m (£175m) worth of Bitcoin.


I wouldnt trust the missus with that.
Title: Re: Cryptocurrency
Post by: Franko on January 19, 2021, 09:29:56 PM
The story at the bottom of the article is actually worse...


"And in 2013, a Welsh man desperately searched a landfill site after throwing away a computer hard drive containing 7,500 bitcoins.

At the time worth more than £4m, this would now be valued at more than £250m."


https://www.bbc.co.uk/news/av/technology-25138627
Title: Re: Cryptocurrency
Post by: bigfrank on January 27, 2021, 07:53:50 PM
Huge slide going on this last week,buy in the dip as they say??
Title: Re: Cryptocurrency
Post by: RedHand88 on January 27, 2021, 08:45:07 PM
Gamestop and AMC shares the big bandwagons to be on this week. A friend of mine made £3500 between yesterday and today.
Title: Re: Cryptocurrency
Post by: Capt Pat on January 27, 2021, 09:16:27 PM
It is all fun and games at the moment but it will eŮd in tears for someone. Apparently gamestop is struggling at the moment but its share price is surging on the back of internet chat.
Title: Re: Cryptocurrency
Post by: TwoUpTwoDown on January 27, 2021, 09:18:28 PM
It is all fun and games at the moment but it will eŮd in tears for someone. Apparently gamestop is struggling at the moment but its share price is surging on the back of internet chat.

Yeah it's believed Gamestop are in serious difficulty. Mad how the last 48 hours went there but. Chatter can have a serious impact.
Title: Re: Cryptocurrency
Post by: RedHand88 on January 27, 2021, 09:24:49 PM
It is all fun and games at the moment but it will eŮd in tears for someone. Apparently gamestop is struggling at the moment but its share price is surging on the back of internet chat.

Today's share price would value the company at $10 billion. Its ridiculous stuff, a castle made of sand, a fugazi.
Title: Re: Cryptocurrency
Post by: Franko on January 27, 2021, 09:26:05 PM
It is all fun and games at the moment but it will eŮd in tears for someone. Apparently gamestop is struggling at the moment but its share price is surging on the back of internet chat.

Yeah it's believed Gamestop are in serious difficulty. Mad how the last 48 hours went there but. Chatter can have a serious impact.

It's not just chatter though - it's essentially an orchestrated campaign to nail a couple of hedge funds who have large short positions in the stock.
Title: Re: Cryptocurrency
Post by: RadioGAAGAA on January 27, 2021, 09:50:55 PM
It's not just chatter though - it's essentially an orchestrated campaign to nail a couple of hedge funds who have large short positions in the stock.

I don't see how a short sell can be legal (I know it is legal, but it clearly shouldn't be).

The stock market is supposed to be about investing in companies.

How the f**k is a short an investment? Just shows the crooks up for what they are IMO. F**king skybet under a fancier name.
Title: Re: Cryptocurrency
Post by: Franko on January 27, 2021, 09:58:08 PM
It's not just chatter though - it's essentially an orchestrated campaign to nail a couple of hedge funds who have large short positions in the stock.

I don't see how a short sell can be legal (I know it is legal, but it clearly shouldn't be).

The stock market is supposed to be about investing in companies.

How the f**k is a short an investment? Just shows the crooks up for what they are IMO. F**king skybet under a fancier name.

Agreed.  Total casino.  And don't even start on the derivatives.

Glad to see some of these hedge fund pricks getting nailed - and by nothing more than a few geeks who got organised in a chat room

No doubt some sort of legislation will be enacted shortly so normal service can resume

And only the 'right' people will again be able to manipulate the markets

Title: Re: Cryptocurrency
Post by: RedHand88 on January 27, 2021, 10:10:21 PM
It's not just chatter though - it's essentially an orchestrated campaign to nail a couple of hedge funds who have large short positions in the stock.

I don't see how a short sell can be legal (I know it is legal, but it clearly shouldn't be).

The stock market is supposed to be about investing in companies.

How the f**k is a short an investment? Just shows the crooks up for what they are IMO. F**king skybet under a fancier name.

Agreed.  Total casino.  And don't even start on the derivatives.

Glad to see some of these hedge fund pricks getting nailed - and by nothing more than a few geeks who got organised in a chat room

No doubt some sort of legislation will be enacted shortly so normal service can resume

And only the 'right' people will again be able to manipulate the markets

They've been trotting out their lap dogs on financial news channels all day talking down gamestop stock as they know its getting really ugly for them.
Title: Re: Cryptocurrency
Post by: Hereiam on January 27, 2021, 10:28:27 PM
Anyone want to explain in lay-mans terms what exactly is going on with gamestop
Title: Re: Cryptocurrency
Post by: armaghniac on January 27, 2021, 10:31:51 PM
Anyone want to explain in lay-mans terms what exactly is going on with gamestop

The hedge funds were playing games with their shares and the fans got together and stopped them?
Title: Re: Cryptocurrency
Post by: Franko on January 27, 2021, 10:51:46 PM
Anyone want to explain in lay-mans terms what exactly is going on with gamestop

The hedge funds were playing games with their shares and the fans got together and stopped them?

Firstly, itís a pretty shit company Ė think blockbuster or Xtra vision.

But thatís largely irrelevant

Their share price had been dropping consistently for a long time and a few hedge funds had taken large short positions on them (betting that the price will fall further)

So much so, that the company gained a bit of notoriety as being the most shorted stock in the world.

A bunch of geeks on reddit saw this and decided to take action (for kicks more than anything - they didn't care a jot about the company itself)

So they, and all their friends, and all their friendsí friends (x10) started to buy the stock Ė sending it rocketing (+over 300% in a few days)

If stories are to be believed, one hedge fund is on the verge of collapse due to the size of the losses (over $1bn)

And most of the guys who got in early are absolutely quids in (on paper)

So in essence, a bunch of normal folks have gotten organised and plundered a billion dollars from a hedge fund

Which is a helluva story, if nothing else
Title: Re: Cryptocurrency
Post by: gallsman on January 27, 2021, 11:15:50 PM
The Redditors aren't buying the stock, they're buying options using retail platforms like Robinhood and Ameritrade as the leverage is much greater.  The sellers are then buying stock to hedge, which drives the price up and as the price goes up, the short sellers have to buy stock to cover their position which...drives the stock up further

Something like 140% of the stock was in a short position. Mental.

So in essence, a bunch of normal folks have gotten organised and plundered a billion dollars from a hedge fund

Which is a helluva story, if nothing else

Not quite - the redditors are getting their tasty returns, assuming they sell their options (there are screenshots of people paying off mortgages) etc. The biggest winners though are the hedge funds that get to buy into the otherwise sound and successful fund that got melted for bargain basement price. The losses there are going to be considerably more than 1bn.
Title: Re: Cryptocurrency
Post by: Franko on January 27, 2021, 11:59:07 PM
Sorry I was going more for the lay man explanation

Anyway

The page on Reddit has been taken down for ďhate speechĒ apparently.

The hedge funds are fighting back

Title: Re: Cryptocurrency
Post by: trileacman on January 28, 2021, 12:14:32 AM
There's certainly a question of legality to what the Redditors are doing. Does the event not simply boil down to an internet-inspired pump and dump?
Title: Re: Cryptocurrency
Post by: TwoUpTwoDown on January 28, 2021, 12:16:10 AM
Anyone want to explain in lay-mans terms what exactly is going on with gamestop

It's a bit like the time John and Zeus took down Hans Grubers brother in New York. Completely unexpected but great to see.

The hedge fund pricks are being nailed by Peter Lafleur and the lads.
Title: Re: Cryptocurrency
Post by: TwoUpTwoDown on January 28, 2021, 12:18:44 AM
There's certainly a question of legality to what the Redditors are doing. Does the event not simply boil down to an internet-inspired pump and dump?

I don't know if there are genuine legal issues at play. As mentioned previously here, for me the issue is the actions of the hedge fund groups in the first place.
Title: Re: Cryptocurrency
Post by: StPatsAbu on January 28, 2021, 01:05:08 AM
What the fcuk is this Gamestop schit about? Explain in layman terms.
Title: Re: Cryptocurrency
Post by: Ball Hopper on January 28, 2021, 03:56:15 AM
Shorting a stock is actually buying it and promising to return it inside a certain amount of time.  The borrower then sells the stock.  When done by a large hedge fund, they usually release a damaging report (but fully legal) after they sold the stock detailing why they think the stock is overpriced.  Wall Street traders believe the bad news and the stock price drops accordingly.  Hedge fund then buys the stock back at the lower price and returns the stock to the original owner.

Example: 

Jack has 100 shares in XYZ company that he bought at 50 bucks and he wants to hold for years to come.  XYZ is trading at 100 bucks per share today.  Hedge Fund A makes an agreement with Jack to borrow his shares for 1 month and pays Jack a dollar per share.  That means they actually buy his shares for 101, including the fee and promise to return his 100 shares in a month.  Hedge Fund A immediately resell the 100 shares for 100 bucks.

After Hedge Fund A sell the shares at 100 apiece, they release a report as to why they think stock is overpriced.  This could be based on expected cash flows, industry sector outlook or any plausible sounding reason (plausible to fellow traders anyway).  The intent is for the report to be the basis for a drop in the price of XYZ stock.  Let's say the stock drops to 80.  Hedge Fund A buys 100 shares of the stock at 80 and returns the shares to Jack. 

Since Hedge Fund A sold the shares at 100 originally and re-bought them at 80, a clear profit of 20 for them.  The only other expense was the 1 dollar per share fee they paid Jack to use his shares for a month.

Great deal for Jack as he could do this for 50 months in a row and have the shares at no cost and every month after that he'd be making gains and still own the shares at the end.

Great deal for Hedge Fund A as they made 19 per share profit.

Not so great deal for whoever bought the shares from Hedge Fund A at 100 per share before the report, conveniently authored (but perfectly legal as all they are doing is giving an opinion) by Hedge Fund A.

It is exactly the opposite of a Hedge Fund buying a stock and releasing a positive opinion, then selling - that would be pump and dump.

This guy has very good videos on market stuff.  He is Patrick Boyle, Boston born but raised in Ireland and a product of Trinity University, Dublin.  He is a fund manager, a professor of finance and an author. 

This is his 15-minute take on the GME and Wall Street Bets over last few days.  https://www.youtube.com/watch?v=Qi5hTqQFhuA

Title: Re: Cryptocurrency
Post by: gallsman on January 28, 2021, 07:31:30 AM
There's certainly a question of legality to what the Redditors are doing. Does the event not simply boil down to an internet-inspired pump and dump?

There is an element of coordination alright but that's been going on since the first days of trading. It's no different to tipping a stock and the person you tip passing it on to someone else and then someone else etc. It manipulates the price for sure (pretty much everyone agrees that GameStop is failing and the shorts held by all the funds were the right thing to do from their perspective) but as Ball Hopper says, institutional investors manipulate prices all the time. The difference this time is the scale and the quick, easy access retail investors now have to trade various financial instruments at no or zero commission.

As always though, those last in and those who don't jump out in time will be the ones who get burnt. Thankfully as they're largely (from what I've read) buying call options rather than the stock outright, they'll only stand to lose the price of the options, do hopefully the number of people who lose their life savings roll be relatively few.
Title: Re: Cryptocurrency
Post by: RedHand88 on January 28, 2021, 02:17:32 PM
Alot of those stocks being blocked by the exchanges. So much for the free market!
Title: Re: Cryptocurrency
Post by: Tony Baloney on January 28, 2021, 06:11:01 PM
Alot of those stocks being blocked by the exchanges. So much for the free market!
Just watched Dave Portnoy calling for people to be jailed!
Title: Re: Cryptocurrency
Post by: trileacman on January 28, 2021, 07:43:06 PM
There's certainly a question of legality to what the Redditors are doing. Does the event not simply boil down to an internet-inspired pump and dump?

There is an element of coordination alright but that's been going on since the first days of trading. It's no different to tipping a stock and the person you tip passing it on to someone else and then someone else etc. It manipulates the price for sure (pretty much everyone agrees that GameStop is failing and the shorts held by all the funds were the right thing to do from their perspective) but as Ball Hopper says, institutional investors manipulate prices all the time. The difference this time is the scale and the quick, easy access retail investors now have to trade various financial instruments at no or zero commission.

As always though, those last in and those who don't jump out in time will be the ones who get burnt. Thankfully as they're largely (from what I've read) buying call options rather than the stock outright, they'll only stand to lose the price of the options, do hopefully the number of people who lose their life savings roll be relatively few.

There's a difference between giving someone a tip and coordinating a bull run on stock but I see where you're coming from. I've no involvement in finance but I don't understand the desire/delight at seeing short-sellers getting burnt. At the end of the day they are simply betting a stock is going to fall. I don't see how this is any more immoral than buying shares or options and betting they are going to rise (unless you're an idiot who believes stocks should simply only ever go up).

The people involved in this are just playing the stock market game. The Redditors and hedge funds are simply trying to manipulate the situation to make money. The Redditors are not heroes and the hedge funds aren't villains. Not unless you consider altruism to be the greatest virtue in which case they're both dicks.
Title: Re: Cryptocurrency
Post by: Main Street on January 28, 2021, 08:27:14 PM
There's certainly a question of legality to what the Redditors are doing. Does the event not simply boil down to an internet-inspired pump and dump?

There is an element of coordination alright but that's been going on since the first days of trading. It's no different to tipping a stock and the person you tip passing it on to someone else and then someone else etc. It manipulates the price for sure (pretty much everyone agrees that GameStop is failing and the shorts held by all the funds were the right thing to do from their perspective) but as Ball Hopper says, institutional investors manipulate prices all the time. The difference this time is the scale and the quick, easy access retail investors now have to trade various financial instruments at no or zero commission.

As always though, those last in and those who don't jump out in time will be the ones who get burnt. Thankfully as they're largely (from what I've read) buying call options rather than the stock outright, they'll only stand to lose the price of the options, do hopefully the number of people who lose their life savings roll be relatively few.

There's a difference between giving someone a tip and coordinating a bull run on stock but I see where you're coming from. I've no involvement in finance but I don't understand the desire/delight at seeing short-sellers getting burnt. At the end of the day they are simply betting a stock is going to fall. I don't see how this is any more immoral than buying shares or options and betting they are going to rise (unless you're an idiot who believes stocks should simply only ever go up).

The people involved in this are just playing the stock market game. The Redditors and hedge funds are simply trying to manipulate the situation to make money. The Redditors are not heroes and the hedge funds aren't villains. Not unless you consider altruism to be the greatest virtue in which case they're both dicks.
The hedge funds are taking a gamble that the stock value will drop, but it is their actions that will ensure the drop in stock value.
In itself, even a significant drop in share value does not destroy a company but it can seriously impact it's ability to get out of their hole. That's immoral  and is illegal but just not scrutinized. In any case they are still the scum, Deutche Bank type scum. Afaiu, despite their 2 year losses, Gamestop is still operating at some viable level and could conceivably adapt their business.

In this case Hedge funds get totally carried away on a wave of avarice and seek to short more than 100% of Gamestop's shares, they borrow the shares at $10 and force a drop in value to $4. Then the plan was return the shares and pocket the difference in value. Smart plain folk sussed out their Achilles heel and intervene to 'purchase' the shares at the low value  and they are the ones accused of  "market manipulation". Afaiu  after the smart folk took their options at $4, the share price went up radically, the Hedge funds in the end will be forced  to cover the difference between their borrowing price $10  and  new much higher value of the shares.
Title: Re: Cryptocurrency
Post by: gallsman on January 28, 2021, 08:27:55 PM
They don't just bet that the stock goes down though. They actively try to force it down.

Alot of those stocks being blocked by the exchanges. So much for the free market!
Just watched Dave Portnoy calling for people to be jailed!

He might not ultimately be wrong, but Portnoy is a gobshite of the highest order.
Title: Re: Cryptocurrency
Post by: GJL on January 29, 2021, 07:51:36 AM
There will be a Hollywood blockbuster made about this story.
Title: Re: Cryptocurrency
Post by: shark on January 29, 2021, 09:54:36 AM
There's certainly a question of legality to what the Redditors are doing. Does the event not simply boil down to an internet-inspired pump and dump?

There is an element of coordination alright but that's been going on since the first days of trading. It's no different to tipping a stock and the person you tip passing it on to someone else and then someone else etc. It manipulates the price for sure (pretty much everyone agrees that GameStop is failing and the shorts held by all the funds were the right thing to do from their perspective) but as Ball Hopper says, institutional investors manipulate prices all the time. The difference this time is the scale and the quick, easy access retail investors now have to trade various financial instruments at no or zero commission.

As always though, those last in and those who don't jump out in time will be the ones who get burnt. Thankfully as they're largely (from what I've read) buying call options rather than the stock outright, they'll only stand to lose the price of the options, do hopefully the number of people who lose their life savings roll be relatively few.

There's a difference between giving someone a tip and coordinating a bull run on stock but I see where you're coming from. I've no involvement in finance but I don't understand the desire/delight at seeing short-sellers getting burnt. At the end of the day they are simply betting a stock is going to fall. I don't see how this is any more immoral than buying shares or options and betting they are going to rise (unless you're an idiot who believes stocks should simply only ever go up).

The people involved in this are just playing the stock market game. The Redditors and hedge funds are simply trying to manipulate the situation to make money. The Redditors are not heroes and the hedge funds aren't villains. Not unless you consider altruism to be the greatest virtue in which case they're both dicks.
The hedge funds are taking a gamble that the stock value will drop, but it is their actions that will ensure the drop in stock value.
In itself, even a significant drop in share value does not destroy a company but it can seriously impact it's ability to get out of their hole. That's immoral  and is illegal but just not scrutinized. In any case they are still the scum, Deutche Bank type scum. Afaiu, despite their 2 year losses, Gamestop is still operating at some viable level and could conceivably adapt their business.

In this case Hedge funds get totally carried away on a wave of avarice and seek to short more than 100% of Gamestop's shares, they borrow the shares at $10 and force a drop in value to $4. Then the plan was return the shares and pocket the difference in value. Smart plain folk sussed out their Achilles heel and intervene to 'purchase' the shares at the low value  and they are the ones accused of  "market manipulation". Afaiu  after the smart folk took their options at $4, the share price went up radically, the Hedge funds in the end will be forced  to cover the difference between their borrowing price $10  and  new much higher value of the shares.

This is the biggest problem. Shorting more than 100% means that there is no way they can cover their position if the share price rises. And less than 30% of outstanding GME shares are actually liquid, so that exacerbates it further. Short selling has its place - but this type of shorting takes risk to a level that needs to be exposed once in a while.
Title: Re: Cryptocurrency
Post by: trileacman on January 29, 2021, 01:26:42 PM
How is the short positions on stocks common knowledge? How did the Redditors know that GameStop was shorted to such a huge extent? Surely all short positions arenít publicly available or are they?
Title: Re: Cryptocurrency
Post by: Mike Tyson on January 29, 2021, 01:32:17 PM
How is the short positions on stocks common knowledge? How did the Redditors know that GameStop was shorted to such a huge extent? Surely all short positions arenít publicly available or are they?

They are.
Title: Re: Cryptocurrency
Post by: Mikhail Prokhorov on January 29, 2021, 02:47:48 PM
How is the short positions on stocks common knowledge? How did the Redditors know that GameStop was shorted to such a huge extent? Surely all short positions arenít publicly available or are they?

They are.

it's all gamers on the forum, they just decided to stick it to the man because gamestop was a business they all used, good to see, shows what can be done if people are organized
Title: Re: Cryptocurrency
Post by: screenexile on January 29, 2021, 02:49:02 PM
How is the short positions on stocks common knowledge? How did the Redditors know that GameStop was shorted to such a huge extent? Surely all short positions arenít publicly available or are they?

They are.

I think they are. I think that when a company takes a short position they release a paper which trashes that company and tells everyone why they've taken a short position in the hope that everyone will agree and dump their stock.

It's a f**king crook's game!
Title: Re: Cryptocurrency
Post by: Mike Tyson on January 29, 2021, 03:18:39 PM
How is the short positions on stocks common knowledge? How did the Redditors know that GameStop was shorted to such a huge extent? Surely all short positions arenít publicly available or are they?

They are.

I think they are. I think that when a company takes a short position they release a paper trashing the which trashes that company and tells everyone why they've taken a short position in the hope that everyone will agree and dump their stock.

It's a f**king crook's game!

Can find out current shorts on companies here for example: https://finviz.com/screener.ashx?v=111&f=sh_short_o30

That's exactly what happens Screen - so it's hilarious to see these billionaires complain about being f*cked over. They've ruined many a viable business in pursuit of their own profits.
Title: Re: Cryptocurrency
Post by: trileacman on January 29, 2021, 07:15:38 PM
How is the short positions on stocks common knowledge? How did the Redditors know that GameStop was shorted to such a huge extent? Surely all short positions arenít publicly available or are they?

They are.

I think they are. I think that when a company takes a short position they release a paper trashing the which trashes that company and tells everyone why they've taken a short position in the hope that everyone will agree and dump their stock.

It's a f**king crook's game!

Can find out current shorts on companies here for example: https://finviz.com/screener.ashx?v=111&f=sh_short_o30

That's exactly what happens Screen - so it's hilarious to see these billionaires complain about being f*cked over. They've ruined many a viable business in pursuit of their own profits.

Like scion capital?
Title: Re: Cryptocurrency
Post by: Mike Tyson on January 29, 2021, 09:54:38 PM
How is the short positions on stocks common knowledge? How did the Redditors know that GameStop was shorted to such a huge extent? Surely all short positions arenít publicly available or are they?

They are.

I think they are. I think that when a company takes a short position they release a paper trashing the which trashes that company and tells everyone why they've taken a short position in the hope that everyone will agree and dump their stock.

It's a f**king crook's game!

Can find out current shorts on companies here for example: https://finviz.com/screener.ashx?v=111&f=sh_short_o30

That's exactly what happens Screen - so it's hilarious to see these billionaires complain about being f*cked over. They've ruined many a viable business in pursuit of their own profits.

Like scion capital?

No last I checked Burry does his work on fundamentals as opposed to the likes of Melvin, anything remotely related to Steve Cohen, LTCM, Madoff etc.
Title: Re: Cryptocurrency
Post by: bigfrank on January 29, 2021, 11:20:55 PM
Huge slide going on this last week,buy in the dip as they say??

So that was a yes or a no? Lol lot of locals lads I know involved in Bitcoin,vechain and chain link,Iím not really too sure what is what with it all but just see it in these text messages  ;D ;D
Title: Re: Cryptocurrency
Post by: thejuice on February 09, 2021, 09:55:07 AM
Iíve been investing in it for over a year now and done really well out of it.

Have BTC, XRP, DOT, INJ, QNT, KSM, VET, ALGO and SNX.

With thanks to Elon Musk over the last few days pushing BTC over $40K has really taken the lid off it.
Title: Re: Cryptocurrency
Post by: trailer on February 09, 2021, 10:08:37 AM
Unreal. I had 3k that I threw into an account back in Dec and it's worth over 6k now.

f**k I wish I had bought more.
Title: Re: Cryptocurrency
Post by: imtommygunn on February 09, 2021, 10:16:32 AM
Last week I wished I had bought less but now I wish I had bought more lol.
Title: Re: Cryptocurrency
Post by: trailer on February 09, 2021, 10:47:24 AM
Last week I wished I had bought less but now I wish I had bought more lol.

you know something if I had bought more I probably would've panicked and cashed out so meh whatever. Holding on now till it goes over 100k which it will.
Title: Re: Cryptocurrency
Post by: screenexile on February 09, 2021, 11:15:09 AM
Has anyone bought BTC through Revolut or what's the best way to buy??
Title: Re: Cryptocurrency
Post by: imtommygunn on February 09, 2021, 11:16:10 AM
I got it through revolut. I didn't look at the charges to see if there was anything better out there mind you.
Title: Re: Cryptocurrency
Post by: trailer on February 09, 2021, 11:16:45 AM
Has anyone bought BTC through Revolut or what's the best way to buy??

Yeah that's how I bought it. Dunno if it's the best way but found it handy.
Title: Re: Cryptocurrency
Post by: Taylor on February 09, 2021, 11:22:55 AM
Has anyone bought BTC through Revolut or what's the best way to buy??

Yeah that's how I bought it. Dunno if it's the best way but found it handy.

Didnt even know you could buy through Revolut.


It is £33k now.

Do people really think it will continue to rise?
Title: Re: Cryptocurrency
Post by: thejuice on February 09, 2021, 11:32:26 AM
I use Coinbase, Coinbase pro and Binance. From what I understand with Revolut you are investing in their BTC fund on their platform and you donít actually own it and withdraw it. I could be wrong now but thatís how it was anyway at first.
Title: Re: Cryptocurrency
Post by: trailer on February 09, 2021, 11:40:11 AM
I use Coinbase, Coinbase pro and Binance. From what I understand with Revolut you are investing in their BTC fund on their platform and you donít actually own it and withdraw it. I could be wrong now but thatís how it was anyway at first.

I think you're right. What is the difference in Coinbase, Coinbase pro and Binance? And what's the advantages for the part time messer like myself over Revolut?

Title: Re: Cryptocurrency
Post by: trailer on February 09, 2021, 11:42:14 AM
Has anyone bought BTC through Revolut or what's the best way to buy??

Yeah that's how I bought it. Dunno if it's the best way but found it handy.

Didnt even know you could buy through Revolut.


It is £33k now.

Do people really think it will continue to rise?

I think it'll go well over 100k. It's becoming more and more mainstream. But the key for me anyway is not to get in any deeper than you're prepared to lose.
Title: Re: Cryptocurrency
Post by: thejuice on February 09, 2021, 12:04:09 PM
I use Coinbase, Coinbase pro and Binance. From what I understand with Revolut you are investing in their BTC fund on their platform and you donít actually own it and withdraw it. I could be wrong now but thatís how it was anyway at first.

I think you're right. What is the difference in Coinbase, Coinbase pro and Binance? And what's the advantages for the part time messer like myself over Revolut?

Coinbase is very user friendly and good for beginners. But fees are ridiculous for buying but you can swap between coins for almost nothing.
Coinbase pro is more advanced but fees are relatively low.
Coinbase have a limited range of coins and trading pairs.
It also has a reputation of crashing when bitcoin makes a big move which isnít helpful if youíre looking to make a quick sale.

Binance is the biggest trading platform and has a huge range of coins and trading pairs. Fees are reasonable.

If youíre a beginner be aware of what you are buying as bitcoin and etherium have fees associated with moving them off the exchanges to a wallet. These fees can be very expensive especially with etherium or any coin that is based on it (called erc20 coins). This probably isnít a problem on revolut but if youíre using Binance or Coinbase itís advised not to leave your coins on them for too long but you need to factor in the cost of moving your crypto.
Title: Re: Cryptocurrency
Post by: RedHand88 on February 09, 2021, 12:14:27 PM
Elon Musks Tesla have bought $1.5 BILLION worth and plan to use it as an accepted method of payment in the future.

To think there's people who still wont use a debit card.
Title: Re: Cryptocurrency
Post by: imtommygunn on February 09, 2021, 12:24:12 PM
Has anyone bought BTC through Revolut or what's the best way to buy??

Yeah that's how I bought it. Dunno if it's the best way but found it handy.

Didnt even know you could buy through Revolut.


It is £33k now.

Do people really think it will continue to rise?

I think it'll go well over 100k. It's becoming more and more mainstream. But the key for me anyway is not to get in any deeper than you're prepared to lose.

Yeah those are my exact views too. Throw in a few k and if something comes of it well and good. It's a bit better than gambling but not all that much lol.
Title: Re: Cryptocurrency
Post by: thejuice on February 09, 2021, 02:37:30 PM
Although anything is possible you have to consider that there is only a finite supply of BTC and only so much is being released on the market. The likes of PayPal, Tesla, Revolut, Greyscale and a few others are already buying up more than the new supply can deliver so demand is only going to increase as other big players come on board like JP Morgan.

Now in theory the price shock keep going up for a good while but supply shocks can create volatility too. However these big players are likely hedging against inflation and are in for the longer term so unlikely to sell anytime soon but you never know for sure.

Itís a high risk  investment for sure but more stable now than 2017 and 2018.

Title: Re: Cryptocurrency
Post by: clarshack on February 09, 2021, 02:45:35 PM
Bitcoin is too slow and expensive for payments and it's actually more of a store of value.
The likes of XLM (Stellar) is fast and cheap for sending payments while XRP (also fast and cheap) has a use case for cross border payments.
Expect XRP to go through the roof when the SEC case is settled.
Title: Re: Cryptocurrency
Post by: thejuice on February 09, 2021, 02:57:19 PM
Yeah. I have a decent stash of XRP but I donít plan on selling it till at least 2025. Ripple wonít be the only ones in the SEC crosshairs though.
Title: Re: Cryptocurrency
Post by: gallsman on February 10, 2021, 04:56:51 PM
I use Coinbase, Coinbase pro and Binance. From what I understand with Revolut you are investing in their BTC fund on their platform and you donít actually own it and withdraw it. I could be wrong now but thatís how it was anyway at first.

This is correct. You can't move it off the platform or trade it.

Testing 50k, will go through it soon enough I expect. ETH also soaring. The first time I bought ETH (which I long since got rid of) it was at 45usd. Will go through 2k for sure.

Title: Re: Cryptocurrency
Post by: thejuice on February 10, 2021, 11:54:42 PM
Polkadot (DOT) is being heralded as what will replace ETH. Iíve done well with it so far, that and Kusama (KSM) are using the same network and are worth holding together. The gas prices with ETH or any ERC20 token is extortionate. I try and avoid holding any if I can but I do have some but canít afford to move it right now.
Title: Re: Cryptocurrency
Post by: thejuice on February 11, 2021, 10:36:53 AM
By the way if you own bitcoin and itís sitting in a wallet or on an exchange I recommend you open an account with Celsius. Youíll get 4-5% APY on any BTC you store there and you get paid interest in BTC or their CEL token which will also appreciate in value with the rest of the crypto market. Youíll get paid interest on accumulating CEL tokens as well so it has a big compounding effect the longer you hold. And you can withdraw your funds at any time.

If you want a referral link send me a pm and you might be able to claim some free bitcoin with your first deposit.
Title: Re: Cryptocurrency
Post by: lfdown2 on February 12, 2021, 09:14:11 AM
I use Coinbase, Coinbase pro and Binance. From what I understand with Revolut you are investing in their BTC fund on their platform and you donít actually own it and withdraw it. I could be wrong now but thatís how it was anyway at first.

I think you're right. What is the difference in Coinbase, Coinbase pro and Binance? And what's the advantages for the part time messer like myself over Revolut?

Coinbase is very user friendly and good for beginners. But fees are ridiculous for buying but you can swap between coins for almost nothing.
Coinbase pro is more advanced but fees are relatively low.
Coinbase have a limited range of coins and trading pairs.
It also has a reputation of crashing when bitcoin makes a big move which isnít helpful if youíre looking to make a quick sale.

Binance is the biggest trading platform and has a huge range of coins and trading pairs. Fees are reasonable.

If youíre a beginner be aware of what you are buying as bitcoin and etherium have fees associated with moving them off the exchanges to a wallet. These fees can be very expensive especially with etherium or any coin that is based on it (called erc20 coins). This probably isnít a problem on revolut but if youíre using Binance or Coinbase itís advised not to leave your coins on them for too long but you need to factor in the cost of moving your crypto.

So I have a few £ in Ethereum which I purchased on Coinbase back in Jan 18, so it's only really improved recently. My question is, is it costing me to have it sitting here - I had no real intention on shifting it and was holding it more long term (possibly amateurish...)
Title: Re: Cryptocurrency
Post by: thejuice on February 12, 2021, 12:00:28 PM
No itís not costing you anything sitting there. There is a network fee if you move it to a wallet or another exchange.

As I said above you could earn interest on it somewhere else if itís just sitting there but obviously you should find out if what you would gain would offset the cost of moving it.

If itís on Coinbase and you donít want to move it you could swap some of it for Algorand (ALGO) or Tezos (XTZ). Coinbase are paying interest on those if you hold them there. Algorand is doing really well price wise lately.

Not financial advice.
Title: Re: Cryptocurrency
Post by: lfdown2 on February 12, 2021, 12:10:13 PM
No itís not costing you anything sitting there. There is a network fee if you move it to a wallet or another exchange.

As I said above you could earn interest on it somewhere else if itís just sitting there but obviously you should find out if what you would gain would offset the cost of moving it.

If itís on Coinbase and you donít want to move it you could swap some of it for Algorand (ALGO) or Tezos (XTZ). Coinbase are paying interest on those if you hold them there. Algorand is doing really well price wise lately.

Not financial advice.

So, what your saying is put everything I have in to magic beans...done!



Cheers, i'll probably just let it rest in my account so, as mentioned it's a small sum.
Title: Re: Cryptocurrency
Post by: thejuice on February 12, 2021, 01:36:58 PM
Itís all about the Digital magic beans these days.
Title: Re: Cryptocurrency
Post by: gallsman on February 18, 2021, 08:11:11 AM
Bitcoin about to go past 30k USD.

Bitcoin at 52k. Was 5k about a year ago. Crazy. And completely unsustainable, but when?

Even if you bought in when it went first went past its previous ATH in December you'd still have nearly tripled your money by now.
Title: Re: Cryptocurrency
Post by: DrinkingHarp on February 18, 2021, 08:34:33 AM
This guy....

https://abc7chicago.com/stefan-thomas-bitcoin-password-san-francisco/9652903/
Title: Re: Cryptocurrency
Post by: gallsman on February 18, 2021, 08:52:59 AM
This guy....

https://abc7chicago.com/stefan-thomas-bitcoin-password-san-francisco/9652903/

Quite a few stories like that out there. They was one in the UK a few years ago of a guy coming through a landfill to try and find a wallet he threw out.

And of course, there's the guy who bought the 10,000 BTC pizza...
Title: Re: Cryptocurrency
Post by: JohnDenver on February 18, 2021, 09:26:38 AM
Bitcoin about to go past 30k USD.

Bitcoin at 52k. Was 5k about a year ago. Crazy. And completely unsustainable, but when?

Even if you bought in when it went first went past its previous ATH in December you'd still have nearly tripled your money by now.

Do you mean when will it level out, or even crash?

What's your current position on it. It's been quite popular topic on recent podcasts. Listened to a few, David McWilliams, and an episode on the The Stand with Dunphy.  You get conflicting views on it's long term viability.

I'm of the "missed the boat" mindset now regarding investing.
Title: Re: Cryptocurrency
Post by: clarshack on February 18, 2021, 10:46:11 AM
Bitcoin about to go past 30k USD.

Bitcoin at 52k. Was 5k about a year ago. Crazy. And completely unsustainable, but when?

Even if you bought in when it went first went past its previous ATH in December you'd still have nearly tripled your money by now.

Do you mean when will it level out, or even crash?

What's your current position on it. It's been quite popular topic on recent podcasts. Listened to a few, David McWilliams, and an episode on the The Stand with Dunphy.  You get conflicting views on it's long term viability.

I'm of the "missed the boat" mindset now regarding investing.

You haven't missed the boat if you can find the right altcoin.
Title: Re: Cryptocurrency
Post by: imtommygunn on February 18, 2021, 10:48:14 AM
Bitcoin went up a good bit yesterday. XRP has dipped a bit. Hopefully still some mileage in it yet.
Title: Re: Cryptocurrency
Post by: gallsman on February 18, 2021, 12:08:34 PM
Bitcoin about to go past 30k USD.

Bitcoin at 52k. Was 5k about a year ago. Crazy. And completely unsustainable, but when?

Even if you bought in when it went first went past its previous ATH in December you'd still have nearly tripled your money by now.

Do you mean when will it level out, or even crash?

What's your current position on it. It's been quite popular topic on recent podcasts. Listened to a few, David McWilliams, and an episode on the The Stand with Dunphy.  You get conflicting views on it's long term viability.

I'm of the "missed the boat" mindset now regarding investing.

I mean the rate of the growth of it. I think it'll keep appreciating but there'll be many more dips and crashes before it settles down and is a reliable store of value.
Title: Re: Cryptocurrency
Post by: imtommygunn on February 18, 2021, 12:44:26 PM
It's definitely not good for the blood pressure lol
Title: Re: Cryptocurrency
Post by: tiempo on February 18, 2021, 12:48:56 PM
Bitcoin about to go past 30k USD.

Bitcoin at 52k. Was 5k about a year ago. Crazy. And completely unsustainable, but when?

Even if you bought in when it went first went past its previous ATH in December you'd still have nearly tripled your money by now.

Do you mean when will it level out, or even crash?

What's your current position on it. It's been quite popular topic on recent podcasts. Listened to a few, David McWilliams, and an episode on the The Stand with Dunphy.  You get conflicting views on it's long term viability.

I'm of the "missed the boat" mindset now regarding investing.

I mean the rate of the growth of it. I think it'll keep appreciating but there'll be many more dips and crashes before it settles down and is a reliable store of value.

Long term hold (5+ years) is how I'm playing it, with sums of money I'm comfortable losing outright, as its a pure gamble at this stage, but looks to be something there in the long term

I'm up 66% in the last 6 weeks

Bitcoin, Ethereum and Crypto.com coin - 2 of the more conventional and an alt

Hard not to feel like missed opportunities the last few years to get ahead of it but no point worrying about that, or chasing it too hard

Its highly volatile and sometimes I catch myself thinking 66% why not 300% ffs! Which is a ridiculous thought process driven by greed.
Title: Re: Cryptocurrency
Post by: J70 on February 18, 2021, 12:57:16 PM
Bitcoin about to go past 30k USD.

Bitcoin at 52k. Was 5k about a year ago. Crazy. And completely unsustainable, but when?

Even if you bought in when it went first went past its previous ATH in December you'd still have nearly tripled your money by now.

Do you mean when will it level out, or even crash?

What's your current position on it. It's been quite popular topic on recent podcasts. Listened to a few, David McWilliams, and an episode on the The Stand with Dunphy.  You get conflicting views on it's long term viability.

I'm of the "missed the boat" mindset now regarding investing.

I listened to Dunphyís podcast with Chris Johns.

I still canít quite wrap my head around cryptocurrency.

And the whole ďminingĒ thing consuming more electricity than some entire nations each year??
Title: Re: Cryptocurrency
Post by: trailer on February 18, 2021, 12:58:58 PM
Bitcoin about to go past 30k USD.

Bitcoin at 52k. Was 5k about a year ago. Crazy. And completely unsustainable, but when?

Even if you bought in when it went first went past its previous ATH in December you'd still have nearly tripled your money by now.

Do you mean when will it level out, or even crash?

What's your current position on it. It's been quite popular topic on recent podcasts. Listened to a few, David McWilliams, and an episode on the The Stand with Dunphy.  You get conflicting views on it's long term viability.

I'm of the "missed the boat" mindset now regarding investing.

I mean the rate of the growth of it. I think it'll keep appreciating but there'll be many more dips and crashes before it settles down and is a reliable store of value.

Long term hold (5+ years) is how I'm playing it, with sums of money I'm comfortable losing outright, as its a pure gamble at this stage, but looks to be something there in the long term

I'm up 66% in the last 6 weeks

Bitcoin, Ethereum and Crypto.com coin - 2 of the more conventional and an alt

Hard not to feel like missed opportunities the last few years to get ahead of it but no point worrying about that, or chasing it too hard

Its highly volatile and sometimes I catch myself thinking 66% why not 300% ffs! Which is a ridiculous thought process driven by greed.

This is basically me. Although I was only using Revolut now moving into Coinbase so definitely will have the house on it any day now.

I'm just using money I am comfortable losing like you said. It's a complete and utter punt. But if I am not a multi millionaire this time next week I will be very disappointed.
Title: Re: Cryptocurrency
Post by: gallsman on February 18, 2021, 04:27:27 PM
Long term hold is everybody's plan, bit how many people do you reckon who bought last year at 5k are still holding at 50k? Hard to ignore 10x returns if you've a sizeable chunk in it.
Title: Re: Cryptocurrency
Post by: imtommygunn on February 18, 2021, 04:39:53 PM
Bitcoin about to go past 30k USD.

Bitcoin at 52k. Was 5k about a year ago. Crazy. And completely unsustainable, but when?

Even if you bought in when it went first went past its previous ATH in December you'd still have nearly tripled your money by now.

Do you mean when will it level out, or even crash?

What's your current position on it. It's been quite popular topic on recent podcasts. Listened to a few, David McWilliams, and an episode on the The Stand with Dunphy.  You get conflicting views on it's long term viability.

I'm of the "missed the boat" mindset now regarding investing.

I mean the rate of the growth of it. I think it'll keep appreciating but there'll be many more dips and crashes before it settles down and is a reliable store of value.

Long term hold (5+ years) is how I'm playing it, with sums of money I'm comfortable losing outright, as its a pure gamble at this stage, but looks to be something there in the long term

I'm up 66% in the last 6 weeks

Bitcoin, Ethereum and Crypto.com coin - 2 of the more conventional and an alt

Hard not to feel like missed opportunities the last few years to get ahead of it but no point worrying about that, or chasing it too hard

Its highly volatile and sometimes I catch myself thinking 66% why not 300% ffs! Which is a ridiculous thought process driven by greed.

This is basically me. Although I was only using Revolut now moving into Coinbase so definitely will have the house on it any day now.

I'm just using money I am comfortable losing like you said. It's a complete and utter punt. But if I am not a multi millionaire this time next week I will be very disappointed.

Same here - it is a punt with "affordable" money though it disappoints me when it's not up by 10 times every time I look lol.
Title: Re: Cryptocurrency
Post by: armaghniac on February 18, 2021, 04:50:57 PM
And the whole ďminingĒ thing consuming more electricity than some entire nations each year??

This reflects that it is hard to make Bitcoin, otherwise it would be worth nothing at all.
Title: Re: Cryptocurrency
Post by: trailer on February 18, 2021, 04:59:24 PM
One piece of advice....stay clear of OneCoin and Dr. Ruja Ignatova
Title: Re: Cryptocurrency
Post by: Main Street on February 18, 2021, 05:10:56 PM
And the whole ďminingĒ thing consuming more electricity than some entire nations each year??

This reflects that it is hard to make Bitcoin, otherwise it would be worth nothing at all.
Annually, the mining  uses  4 times more electricity than what Ireland would consume and its mostly from dirty coal environment polluting generating stations,
so being hard to make (solving the computing task) ends up being  a huge minus.
It costs the universe a huge slice of its lifespan and resources to create a bitcoin and after all that consumption of power, nothing of value is returned to the universe
At least in Ireland something good is achieved with electricity
Title: Re: Cryptocurrency
Post by: J70 on February 18, 2021, 07:14:12 PM
And the whole ďminingĒ thing consuming more electricity than some entire nations each year??

This reflects that it is hard to make Bitcoin, otherwise it would be worth nothing at all.

But what are they ďminingĒ?

Why is it hard to make?
Title: Re: Cryptocurrency
Post by: gallsman on February 18, 2021, 08:11:45 PM
Bitcoin's code limits the total number that can be produced to 21m. The idea of this originally was to prevent it being influenced by any monetary policy like QE - you can't simply "print" new ones. I think there's currently about 900 a day mined and the final one is expected in 2140 or something like the.

The coins are produced as rewards for those providing the computational power that secures the blockchain and validates the transactions. The cryptographic algorithm ensures that this is sequentially more complex each time, so the amount of computational power (i.e. ultimately electricity) required is exponentially larger than what it was in the early days when anyone with a laptop could grab themselves a few coins.
Title: Re: Cryptocurrency
Post by: Capt Pat on February 18, 2021, 10:31:09 PM
What ye reckon lads, still a good time to buy crypto? Any recommendations on what currency?



Whatever you go for tattoo your password on the missus's back some night. This poor bastard  :o :o

https://www.bbc.co.uk/news/technology-55645408

We've all been there - brain fog makes us forget our password and after eight frantic attempts, we have just two left.

That's the situation for programmer Stefan Thomas but the stakes are higher than most - the forgotten password will let him unlock a hard drive containing $240m (£175m) worth of Bitcoin.


I wouldn't go near bitcoin if this is the way things work. If you lose your password go f**k yourself. There is no way of getting your money back. What happens to that money? It is 240 million we are talking about not a few quid. If the bank told me a few quid I had in an account was gone forever because I forgot a password I wouldn't accept that at all.

The other thing is what is driving the price increase that made 7000 bit coin worth a few dollars each worth 240 million dollars in a few years. Is it just more people piling money in? It looks like a bubble ready to pop.
Title: Re: Cryptocurrency
Post by: J70 on February 18, 2021, 11:09:57 PM
Bitcoin's code limits the total number that can be produced to 21m. The idea of this originally was to prevent it being influenced by any monetary policy like QE - you can't simply "print" new ones. I think there's currently about 900 a day mined and the final one is expected in 2140 or something like the.

The coins are produced as rewards for those providing the computational power that secures the blockchain and validates the transactions. The cryptographic algorithm ensures that this is sequentially more complex each time, so the amount of computational power (i.e. ultimately electricity) required is exponentially larger than what it was in the early days when anyone with a laptop could grab themselves a few coins.

That is WAY over my head!

Itís like abstract art; I just donít get it.

Thanks for trying though!
Title: Re: Cryptocurrency
Post by: gallsman on February 18, 2021, 11:16:56 PM
What ye reckon lads, still a good time to buy crypto? Any recommendations on what currency?



Whatever you go for tattoo your password on the missus's back some night. This poor bastard  :o :o

https://www.bbc.co.uk/news/technology-55645408

We've all been there - brain fog makes us forget our password and after eight frantic attempts, we have just two left.

That's the situation for programmer Stefan Thomas but the stakes are higher than most - the forgotten password will let him unlock a hard drive containing $240m (£175m) worth of Bitcoin.


I wouldn't go near bitcoin if this is the way things work. If you lose your password go f**k yourself. There is no way of getting your money back. What happens to that money? It is 240 million we are talking about not a few quid. If the bank told me a few quid I had in an account was gone forever because I forgot a password I wouldn't accept that at all.

The other thing is what is driving the price increase that made 7000 bit coin worth a few dollars each worth 240 million dollars in a few years. Is it just more people piling money in? It looks like a bubble ready to pop.

Ridiculous analogy. There is no bank in bitcoin. You are responsible.
Title: Re: Cryptocurrency
Post by: JPGJOHNNYG on February 19, 2021, 11:27:48 AM
Lads just like any ponzi scheme just make sure you get out at the right time
Title: Re: Cryptocurrency
Post by: RedHand88 on February 22, 2021, 01:08:50 PM
Lads just like any ponzi scheme just make sure you get out at the right time

It's not a ponzo scheme, it's an asset that goes up and down in value but the general trend has been increase.

Not a cryptocurrency but $KMPH is a stock worth buying.
Title: Re: Cryptocurrency
Post by: imtommygunn on February 23, 2021, 08:57:06 AM
The last 24 hours or so haven't been so good for bitcoin or XRP
Title: Re: Cryptocurrency
Post by: thejuice on February 23, 2021, 04:59:48 PM
It was due a correction after going up so hard. If you look at the charts I think BTC has hit itís bottom at around $44,900. Itís working itís way back up again now. I bought some more this morning. In my opinion, give it a few days itíll back over $50,000. Itís not the first correction in the last 12 months.

Despite dropping quite a bit in the last few days if youíre invested in this longer term youíre probably still up massively. Party isnít over yet. Most of the coins Iíve invested in are still worth about more than double what I paid for them, in some cases 10 times. If you ever get fearful just  zoom out and look at the big picture.
Title: Re: Cryptocurrency
Post by: imtommygunn on February 24, 2021, 09:02:14 AM
Cheers juice. Yes up 7% today so moving back a bit.

For anyone looking at investing I just did it quickly through revolut and the fees are a bit high with them so I would recommend the approaches other people are taking here to avoid as much in fees... Also tbh it is quite unclear up front what their fees are which is a bit annoying.
Title: Re: Cryptocurrency
Post by: gallsman on February 24, 2021, 12:00:46 PM
Binance/Kraken much better/cheaper options.
Title: Re: Cryptocurrency
Post by: trailer on February 24, 2021, 12:28:51 PM
Which is better for the casual investor? Coinbase or Binance?
Title: Re: Cryptocurrency
Post by: samuel maguire on February 24, 2021, 01:23:24 PM
Hi Lads

Sorry if i come across as a complete idiot but i need some advice if possible. Im a young lads with around 3/4k saved in the bank. I am hearing and reading rave reviews about investing in cryptocurrency(mainly bitcoin). Would this be a good investment to make? Can i take my money out anytime i want? My money is taking no hurt sitting in my credit union, but it would be nice to make my money work for me and maybe make a few quid. All advice is greatly appreciated 😊
Title: Re: Cryptocurrency
Post by: gallsman on February 24, 2021, 01:39:20 PM
Don't come to a web 2.0 gaa discussion board looking for investment would be the first thing to say.

I think you'd get a decent return on bitcoin if you leave it for 5 years, possibly even 10x. Don't invest anything you're not prepared to lose. Crypto is highly, highly volatile.
Title: Re: Cryptocurrency
Post by: gallsman on February 24, 2021, 01:47:24 PM
Which is better for the casual investor? Coinbase or Binance?

Depends on how you define casual investor. Coinbase's fees are sickening and easily avoided using better, cheaper exchanges that have more coin options, but the interface is far more complex and harder to navigate.
Title: Re: Cryptocurrency
Post by: Geoff Tipps on February 24, 2021, 02:30:38 PM
Hi Lads

Sorry if i come across as a complete idiot but i need some advice if possible. Im a young lads with around 3/4k saved in the bank. I am hearing and reading rave reviews about investing in cryptocurrency(mainly bitcoin). Would this be a good investment to make? Can i take my money out anytime i want? My money is taking no hurt sitting in my credit union, but it would be nice to make my money work for me and maybe make a few quid. All advice is greatly appreciated 😊

As someone pointed out if you're investing in Crypto you probably need to be prepared that you may end up losing your investment.
Alternatively you could create an account with Degiro or another online broker and use your cash to buy more established, less volatile equities.
In both scenarios you would be liable for CGT (33% in ROI) on any gains. There's an exemption up to about 1300 euro.

Another option is to invest in an Investment Trust such as Scottish Mortgage. It's a managed fund so there there will be management fees but they've been
around for years and their results for last year were excellent. Again you'd be liable for tax on any realised gains or dividends.
Title: Re: Cryptocurrency
Post by: Seamus on February 24, 2021, 02:54:26 PM
Which is better for the casual investor? Coinbase or Binance?

Personally I would not touch Coinbase with a ten foot pole, I have my reasons but others may be OK with them. Occasionally I use Binance. I use Caleb & Brown, by far and away the best, you can talk to your own broker. Their customer service is fantastic. Their minimum is $2,000. For the regular client purchasing small amounts the fee is 3%. For bigger investors itís way less. Brilliant for purchasing altcoins, any amount. Peace of mind incomparable.

Crypto mass adoption not until 2025, so these are still early days. Iím involved since 2010. There are better coins to purchase than Bitcoin even though by Ď27 it will hit 1MM.  Iím heavily invested in the top altcoins.

All cryptos say they are decentralized but very few are, For instance BTC is not, neither are ETH, BCH and LTC,  the top coins. Digital Currency is part of The Great Reset if/when that comes around which now looks a certainty so everybody will be involved, no choice.
Title: Re: Cryptocurrency
Post by: LeoMc on February 24, 2021, 05:26:02 PM
Which is better for the casual investor? Coinbase or Binance?

Personally I would not touch Coinbase with a ten foot pole, I have my reasons but others may be OK with them. Occasionally I use Binance. I use Caleb & Brown, by far and away the best, you can talk to your own broker. Their customer service is fantastic. Their minimum is $2,000. For the regular client purchasing small amounts the fee is 3%. For bigger investors itís way less. Brilliant for purchasing altcoins, any amount. Peace of mind incomparable.

Crypto mass adoption not until 2025, so these are still early days. Iím involved since 2010. There are better coins to purchase than Bitcoin even though by Ď27 it will hit 1MM.  Iím heavily invested in the top altcoins.

All cryptos say they are decentralized but very few are, For instance BTC is not, neither are ETH, BCH and LTC,  the top coins. Digital Currency is part of The Great Reset if/when that comes around which now looks a certainty so everybody will be involved, no choice.

Well thatís me convinced.
Title: Re: Cryptocurrency
Post by: Seamus on February 24, 2021, 05:57:20 PM
Which is better for the casual investor? Coinbase or Binance?

Personally I would not touch Coinbase with a ten foot pole, I have my reasons but others may be OK with them. Occasionally I use Binance. I use Caleb & Brown, by far and away the best, you can talk to your own broker. Their customer service is fantastic. Their minimum is $2,000. For the regular client purchasing small amounts the fee is 3%. For bigger investors itís way less. Brilliant for purchasing altcoins, any amount. Peace of mind incomparable.

Crypto mass adoption not until 2025, so these are still early days. Iím involved since 2010. There are better coins to purchase than Bitcoin even though by Ď27 it will hit 1MM.  Iím heavily invested in the top altcoins.

All cryptos say they are decentralized but very few are, For instance BTC is not, neither are ETH, BCH and LTC,  the top coins. Digital Currency is part of The Great Reset if/when that comes around which now looks a certainty so everybody will be involved, no choice.

Well thatís me convinced.

Good man, let everyone else know why you are so convinced. Sure weíre all here to help
Title: Re: Cryptocurrency
Post by: screenexile on February 24, 2021, 07:26:31 PM
Iím a bit sceptical about Crypto too if Iím honest... a few people I follow on Twitter have turned full Crypto and keep talking it up linking to massively favourable articles etc.

It has the air of the emperors new clothes people are that desperate to talk it up are they just doing this to inflate the price higher so they profit? Is it a real thing or is the value just made up like the football index or some of these random investments?

At the same time Iíd hate to miss out but Iím definitely not convinced... ďThe Great ResetĒ sounds like an offshoot of Qanon!
Title: Re: Cryptocurrency
Post by: seafoid on February 24, 2021, 07:34:07 PM
Crypto is a bubble, same as everything else in the investmentworld. It is impossible to know when prices will fall..
Title: Re: Cryptocurrency
Post by: trailer on February 24, 2021, 07:45:02 PM
Which is better for the casual investor? Coinbase or Binance?

Personally I would not touch Coinbase with a ten foot pole, I have my reasons but others may be OK with them. Occasionally I use Binance. I use Caleb & Brown, by far and away the best, you can talk to your own broker. Their customer service is fantastic. Their minimum is $2,000. For the regular client purchasing small amounts the fee is 3%. For bigger investors itís way less. Brilliant for purchasing altcoins, any amount. Peace of mind incomparable.

Crypto mass adoption not until 2025, so these are still early days. Iím involved since 2010. There are better coins to purchase than Bitcoin even though by Ď27 it will hit 1MM.  Iím heavily invested in the top altcoins.

All cryptos say they are decentralized but very few are, For instance BTC is not, neither are ETH, BCH and LTC,  the top coins. Digital Currency is part of The Great Reset if/when that comes around which now looks a certainty so everybody will be involved, no choice.

Well thatís me convinced.

Read that and then instantly disregarded everything else he said.
Title: Re: Cryptocurrency
Post by: thejuice on February 24, 2021, 09:54:38 PM
https://m.youtube.com/watch?v=8rAiTDQ-NVY

The Great Reset is real in the sense that the World Economic Forum used it as a tag line for their event in 2020, but apart from a bit of sloganeering I donít think thereís any real plan being cooked up in some dark room to change the world. Just a load of hot air, inflated visions and elitist backslapping.

That doesnít stop peopleís imaginations running wild while they are locked in their homes for a year.

There was one already extremely wealthy individual with a YouTube channel going full on tinfoil hat about how Donald Trump was orchestrating the Great Reset using XRP that would be gifted to everyone on the planet and make us all millionaires overnight or something like that. Unfortunately the crypto space isnít immune to this modern form of quackery.
Title: Re: Cryptocurrency
Post by: Seamus on February 25, 2021, 04:47:17 AM
Iím a bit sceptical about Crypto too if Iím honest... a few people I follow on Twitter have turned full Crypto and keep talking it up linking to massively favourable articles etc.

It has the air of the emperors new clothes people are that desperate to talk it up are they just doing this to inflate the price higher so they profit? Is it a real thing or is the value just made up like the football index or some of these random investments?

At the same time Iíd hate to miss out but Iím definitely not convinced... ďThe Great ResetĒ sounds like an offshoot of Qanon!

The lack of knowledge on this forum never seems to amaze me. The Great Reset is very real, part of Agenda 2030. Their slogan was "Own Nothing And Be Happy". It was taken down when the sugar coating was dismantled and seen for what it really is, total enslavement and total lack of privacy. Unfortunately the dumbed down will be crying out for it. A lazy Google search of The Great Reset will bring up Wikipedia, the sugar coated version with a Qanon twist. Qanon is a PHY OPP, some truths and plenty of lies.

I tried to help the crypto newbies on here, all I received in return was an uneducated sarcastic remark coupled with a few juvenile posts. Just shows who I'm dealing with when The Great Reset is Googled instead of Caleb and Brown. My intentions were to explain the Blockchain in an easy to understand way, advice on wallets, staking, forks (how not to make costly mistakes), security and a lot lot more. This has come to an abrupt end. There are people here wasting a few hours every day on this forum patting each other on the backs and ridiculing those with a different opinion. Those people do not deserve any help.

Jamie Dimon and Warren Buffet were putting down BTC for years while buying it hand over fist. All the major banks are doing likewise. Large companies are adding it to their pension funds. We were told Elon Musk just purchased 1.5B BTC a few weeks ago when he has being buying it for years while promoting a worthless Dogecoin as a deception. So carry on reading your fake news.

Title: Re: Cryptocurrency
Post by: clarshack on February 25, 2021, 10:30:08 AM
Iím a bit sceptical about Crypto too if Iím honest... a few people I follow on Twitter have turned full Crypto and keep talking it up linking to massively favourable articles etc.

It has the air of the emperors new clothes people are that desperate to talk it up are they just doing this to inflate the price higher so they profit? Is it a real thing or is the value just made up like the football index or some of these random investments?

At the same time Iíd hate to miss out but Iím definitely not convinced... ďThe Great ResetĒ sounds like an offshoot of Qanon!

The lack of knowledge on this forum never seems to amaze me. The Great Reset is very real, part of Agenda 2030. Their slogan was "Own Nothing And Be Happy". It was taken down when the sugar coating was dismantled and seen for what it really is, total enslavement and total lack of privacy. Unfortunately the dumbed down will be crying out for it. A lazy Google search of The Great Reset will bring up Wikipedia, the sugar coated version with a Qanon twist. Qanon is a PHY OPP, some truths and plenty of lies.

I tried to help the crypto newbies on here, all I received in return was an uneducated sarcastic remark coupled with a few juvenile posts. Just shows who I'm dealing with when The Great Reset is Googled instead of Caleb and Brown. My intentions were to explain the Blockchain in an easy to understand way, advice on wallets, staking, forks (how not to make costly mistakes), security and a lot lot more. This has come to an abrupt end. There are people here wasting a few hours every day on this forum patting each other on the backs and ridiculing those with a different opinion. Those people do not deserve any help.

Jamie Dimon and Warren Buffet were putting down BTC for years while buying it hand over fist. All the major banks are doing likewise. Large companies are adding it to their pension funds. We were told Elon Musk just purchased 1.5B BTC a few weeks ago when he has being buying it for years while promoting a worthless Dogecoin as a deception. So carry on reading your fake news.

Excellent post.
Title: Re: Cryptocurrency
Post by: Itchy on February 25, 2021, 01:12:30 PM
Iím a bit sceptical about Crypto too if Iím honest... a few people I follow on Twitter have turned full Crypto and keep talking it up linking to massively favourable articles etc.

It has the air of the emperors new clothes people are that desperate to talk it up are they just doing this to inflate the price higher so they profit? Is it a real thing or is the value just made up like the football index or some of these random investments?

At the same time Iíd hate to miss out but Iím definitely not convinced... ďThe Great ResetĒ sounds like an offshoot of Qanon!

The lack of knowledge on this forum never seems to amaze me. The Great Reset is very real, part of Agenda 2030. Their slogan was "Own Nothing And Be Happy". It was taken down when the sugar coating was dismantled and seen for what it really is, total enslavement and total lack of privacy. Unfortunately the dumbed down will be crying out for it. A lazy Google search of The Great Reset will bring up Wikipedia, the sugar coated version with a Qanon twist. Qanon is a PHY OPP, some truths and plenty of lies.

I tried to help the crypto newbies on here, all I received in return was an uneducated sarcastic remark coupled with a few juvenile posts. Just shows who I'm dealing with when The Great Reset is Googled instead of Caleb and Brown. My intentions were to explain the Blockchain in an easy to understand way, advice on wallets, staking, forks (how not to make costly mistakes), security and a lot lot more. This has come to an abrupt end. There are people here wasting a few hours every day on this forum patting each other on the backs and ridiculing those with a different opinion. Those people do not deserve any help.

Jamie Dimon and Warren Buffet were putting down BTC for years while buying it hand over fist. All the major banks are doing likewise. Large companies are adding it to their pension funds. We were told Elon Musk just purchased 1.5B BTC a few weeks ago when he has being buying it for years while promoting a worthless Dogecoin as a deception. So carry on reading your fake news.

I am interested in what you have to say Seamus. I dont know a lot about this but it is fascinating.
Title: Re: Cryptocurrency
Post by: RedHand88 on February 25, 2021, 01:45:04 PM
Tesla, who will be the world's biggest car manufacturer within 20 years when we all switch to electric, are planning to use BTC as currency soon. They have purchased $1.5 BILLION worth, which Seamus alluded to.

So no, it's not a ponzi scheme, a fad or a scam. It's real and it's the future. Enjoy your 0.5% interest savings accounts lads!
Title: Re: Cryptocurrency
Post by: gallsman on February 25, 2021, 01:57:06 PM
Tesla, who will be the world's biggest car manufacturer within 20 years when we all switch to electric, are planning to use BTC as currency soon. They have purchased $1.5 BILLION worth, which Seamus alluded to.

So no, it's not a ponzi scheme, a fad or a scam. It's real and it's the future. Enjoy your 0.5% interest savings accounts lads!

This is absolute bullshit put out by Musk. Bitcoin is a) fundamentally unsuitable as a means of exchange because of the slowness of the transaction processing and the fees involved and b) the volatility is completely unacceptable to both buyers and sellers.
Title: Re: Cryptocurrency
Post by: trailer on February 25, 2021, 02:05:27 PM
Tesla, who will be the world's biggest car manufacturer within 20 years when we all switch to electric, are planning to use BTC as currency soon. They have purchased $1.5 BILLION worth, which Seamus alluded to.

So no, it's not a ponzi scheme, a fad or a scam. It's real and it's the future. Enjoy your 0.5% interest savings accounts lads!

This is absolute bullshit put out by Musk. Bitcoin is a) fundamentally unsuitable as a means of exchange because of the slowness of the transaction processing and the fees involved and b) the volatility is completely unacceptable to both buyers and sellers.

Regarding "the great digital reset" I know a fella who won't put Google maps on his phone because he is afraid google will invoice him, so if you think in 5 or 10 years there is gonna be some big digital reset and traditional banks cease to exist then you're in cloud cuckoo land. Crypto is what it is. I'm only in it because I have a few pound that I want to speculate with and if I win, I win, if I lose it, so be it. I am not thinking about going out and buying a Tesla with Bitcoin.
Crypto Currencies have a long way to go before they become more mainstream and they need to become more stable before that and arguably they can't become mainstream until they stabilise. And what's furthermore there are people who rely heavily on good old fashioned cash. They know it and they trust it. Them people aren't going to adopt Bitcoin or any other currency for that matter in a few years.


 
Title: Re: Cryptocurrency
Post by: dublin7 on February 25, 2021, 03:03:22 PM
Tesla, who will be the world's biggest car manufacturer within 20 years when we all switch to electric, are planning to use BTC as currency soon. They have purchased $1.5 BILLION worth, which Seamus alluded to.

So no, it's not a ponzi scheme, a fad or a scam. It's real and it's the future. Enjoy your 0.5% interest savings accounts lads!

This is absolute bullshit put out by Musk. Bitcoin is a) fundamentally unsuitable as a means of exchange because of the slowness of the transaction processing and the fees involved and b) the volatility is completely unacceptable to both buyers and sellers.

Regarding "the great digital reset" I know a fella who won't put Google maps on his phone because he is afraid google will invoice him, so if you think in 5 or 10 years there is gonna be some big digital reset and traditional banks cease to exist then you're in cloud cuckoo land. Crypto is what it is. I'm only in it because I have a few pound that I want to speculate with and if I win, I win, if I lose it, so be it. I am not thinking about going out and buying a Tesla with Bitcoin.
Crypto Currencies have a long way to go before they become more mainstream and they need to become more stable before that and arguably they can't become mainstream until they stabilise. And what's furthermore there are people who rely heavily on good old fashioned cash. They know it and they trust it. Them people aren't going to adopt Bitcoin or any other currency for that matter in a few years.

Central bank governors are constantly criticising bitcoin and last month the EU Central Bank president Chritine Lagarde claimed bitcoin is being used for money laundering. While cyrpto currencies will no doubt be used in future it is much more likely the EU will creat their own curreny like they did with the euro than deal with bitcoin
Title: Re: Cryptocurrency
Post by: RedHand88 on February 25, 2021, 03:30:37 PM
Every currency and commodity in the world is used for money laundering.

@trailer... What's the age profile of a typical person who only uses cash do you think?
Title: Re: Cryptocurrency
Post by: dublin7 on February 25, 2021, 03:35:48 PM
Every currency and commodity in the world is used for money laundering.

@trailer... What's the age profile of a typical person who only uses cash do you think?

They're not called out by the head of the european central bank though and there are policies in place to stop people using banks from money laundering that aren't there for cyrpto currencies
Title: Re: Cryptocurrency
Post by: Seamus on February 25, 2021, 04:10:49 PM
Every currency and commodity in the world is used for money laundering.

@trailer... What's the age profile of a typical person who only uses cash do you think?

They're not called out by the head of the european central bank though and there are policies in place to stop people using banks from money laundering that aren't there for cyrpto currencies

In that case HSBC and Wells Fargo should have their billion dollar fines returned. Wall Street is also a haven for money laundering. If Christine Lagarde is criticizing BTC itís time to buy. She fully realizes that the majority of people that have heard about crypto only know of BTC. Mass adoption can wait for another four years while the prices of all coins are still low especially some fantastic altcoins that can be purchased for pennies.
Title: Re: Cryptocurrency
Post by: dublin7 on February 25, 2021, 04:20:10 PM
Every currency and commodity in the world is used for money laundering.

@trailer... What's the age profile of a typical person who only uses cash do you think?

They're not called out by the head of the european central bank though and there are policies in place to stop people using banks from money laundering that aren't there for cyrpto currencies


In that case HSBC and Wells Fargo should have their billion dollar fines returned. Wall Street is also a haven for money laundering. If Christine Lagarde is criticizing BTC itís time to buy. She fully realizes that the majority of people that have heard about crypto only know of BTC. Mass adoption can wait for another four years while the prices of all coins are still low especially some fantastic altcoins that can be purchased for pennies.

Genuine question. Is there any regulations for bitcoin, crypto currencies etc?
Title: Re: Cryptocurrency
Post by: Itchy on February 25, 2021, 04:39:09 PM
Every currency and commodity in the world is used for money laundering.

@trailer... What's the age profile of a typical person who only uses cash do you think?

They're not called out by the head of the european central bank though and there are policies in place to stop people using banks from money laundering that aren't there for cyrpto currencies

In that case HSBC and Wells Fargo should have their billion dollar fines returned. Wall Street is also a haven for money laundering. If Christine Lagarde is criticizing BTC itís time to buy. She fully realizes that the majority of people that have heard about crypto only know of BTC. Mass adoption can wait for another four years while the prices of all coins are still low especially some fantastic altcoins that can be purchased for pennies.

What Altcoins would you recommend Seamus?
Title: Re: Cryptocurrency
Post by: APM on February 25, 2021, 05:08:46 PM

Does it tick the boxes of key Characteristics of Money
Durability - Yes
Portable - Yes
Divisible - Yes
Hard to counterfeit - Yes
Must be generally accepted by a population - No or Not Yet
Valuable Ė Depends on the currency but remains to be seen

Does it tick the boxes of key functions of money:
Medium of exchange - Yes, but inefficient and slow
Store of value: People need to trust it, but given the volatility, it's hard to say that it provides an absolutely reliable store of value
Unit of account: To an extent, but given the level of volatility it would be hard to use it as a unit of account. Would I want to get paid in BTC - don't think so.  Would I invest in it - yes, but only money I can afford to lose?
Standard of deferred payment: for the exact same reasons as above, would I want to borrow or lend in BTC given the volatility
Title: Re: Cryptocurrency
Post by: Mikhail Prokhorov on February 25, 2021, 08:29:36 PM
fiat currencies are finished, they are printing far too much of it and will lead to hyper inflation.

the end started when the dollar was no longer backed by gold.

bitcoin is digital gold and will replace physical gold as a store of value.

anyone with money in a bank is crazy imo.
Title: Re: Cryptocurrency
Post by: Seamus on February 25, 2021, 08:47:08 PM
Every currency and commodity in the world is used for money laundering.

@trailer... What's the age profile of a typical person who only uses cash do you think?

They're not called out by the head of the european central bank though and there are policies in place to stop people using banks from money laundering that aren't there for cyrpto currencies


In that case HSBC and Wells Fargo should have their billion dollar fines returned. Wall Street is also a haven for money laundering. If Christine Lagarde is criticizing BTC itís time to buy. She fully realizes that the majority of people that have heard about crypto only know of BTC. Mass adoption can wait for another four years while the prices of all coins are still low especially some fantastic altcoins that can be purchased for pennies.

Genuine question. Is there any regulations for bitcoin, crypto currencies etc?

Yes and no depending on what part of the world you are talking about and what three letter agencies. The SEC do not consider BTC a security along with other cryptos therefore no regulations. Of course this could change. The IRS on the other hand have taxing implications mainly through exchanges like Coinbase and Gemini and will cast the net as wide as possible. The FTC regulates certain trading platforms. The European Union has far greater regulations while some countries do not allow cryptos whatsoever.
Title: Re: Cryptocurrency
Post by: Seamus on February 25, 2021, 09:27:18 PM
Every currency and commodity in the world is used for money laundering.

@trailer... What's the age profile of a typical person who only uses cash do you think?

They're not called out by the head of the european central bank though and there are policies in place to stop people using banks from money laundering that aren't there for cyrpto currencies

In that case HSBC and Wells Fargo should have their billion dollar fines returned. Wall Street is also a haven for money laundering. If Christine Lagarde is criticizing BTC itís time to buy. She fully realizes that the majority of people that have heard about crypto only know of BTC. Mass adoption can wait for another four years while the prices of all coins are still low especially some fantastic altcoins that can be purchased for pennies.

What Altcoins would you recommend Seamus?

Itchy, it is very difficult for me to recommend coins on an open forum.  We all should know by now how volatile cryptos can be. Itís very important to have the proper mindset when investing, in fact itís the #1 criteria. Most people do not but they certainly can develop it, I had to. By following Elliot Wave most coins are at the present time in wave 3 of 5 which means on the way up.  There will also be corrections along the way as nothing goes up in a straight line. This should last until June when I expect most cryptos will then enter wave 4 and a big pull back. Then wave 5 where we should see massive gains by the end if 2021. I have figures made out for all my coins. Of course the graphs need constant reviewing as everything can change. Remember BTC is the leader and altcoins generally follow suit even if their graph goes down their price can increase. All to do with the Satochi.

I may private message you with one or two coins as you were the first to reach out and you come across as genuinely needing help. Also I rarely come on this forum, have gone missing for a year at a time in the past to a lot of members delight :).
Title: Re: Cryptocurrency
Post by: Itchy on February 25, 2021, 09:34:36 PM
Every currency and commodity in the world is used for money laundering.

@trailer... What's the age profile of a typical person who only uses cash do you think?

They're not called out by the head of the european central bank though and there are policies in place to stop people using banks from money laundering that aren't there for cyrpto currencies

In that case HSBC and Wells Fargo should have their billion dollar fines returned. Wall Street is also a haven for money laundering. If Christine Lagarde is criticizing BTC itís time to buy. She fully realizes that the majority of people that have heard about crypto only know of BTC. Mass adoption can wait for another four years while the prices of all coins are still low especially some fantastic altcoins that can be purchased for pennies.

What Altcoins would you recommend Seamus?

Itchy, it is very difficult for me to recommend coins on an open forum.  We all should know by now how volatile cryptos can be. Itís very important to have the proper mindset when investing, in fact itís the #1 criteria. Most people do not but they certainly can develop it, I had to. By following Elliot Wave most coins are at the present time in wave 3 of 5 which means on the way up.  There will also be corrections along the way as nothing goes up in a straight line. This should last until June when I expect most cryptos will then enter wave 4 and a big pull back. Then wave 5 where we should see massive gains by the end if 2021. I have figures made out for all my coins. Of course the graphs need constant reviewing as everything can change. Remember BTC is the leader and altcoins generally follow suit even if their graph goes down their price can increase. All to do with the Satochi.

I may private message you with one or two coins as you were the first to reach out and you come across as genuinely needing help. Also I rarely come on this forum, have gone missing for a year at a time in the past to a lot of members delight :).

Thanks Sesmus, I appreciate that.
Title: Re: Cryptocurrency
Post by: trileacman on February 27, 2021, 10:12:48 PM
Jesus this mass adoption bullshit all over again.

Honesty is there anyone on here actually using (as opposed to simply holding) cryptocurrency? 99.99% of cryptocurrency trading is as speculation. Doesnít make them worth anything at all.
Title: Re: Cryptocurrency
Post by: Look-Up! on February 28, 2021, 12:21:09 AM
I considered buying bitcoin this time last year after things dropped in March, Tesla too, while they were still punts, but long story short I didn't. In hindsight it would have been a massive windfall.

Now though, bitcoin looks very risky to me and hugely speculative. I wouldn't like to be holding, buying at current prices. I get the "this is the future" vibe, and I know it is a massive industry that has hugely effected worldwide business and investment, but I cannot get my head around the valuation for what is esentially a code, medium of exchange, call it what you want. Some people are predicting it to go to 1 million soon. At 22 million of them in the chain, that puts the valuation at $22 trillion. All in the hands of those who got in early. And those not holding? That's one hell of a wealth re-adjustment when you can just create another crypto. Tulips in Holland come to mind.

Having said all that I don't mind a punt and I think crypto will be a thing but confused at what to buy. No interest in speculating, just buy something cheap to hold and see if they take off. I have been recommended XRP some time ago. How do people think it will go?
Title: Re: Cryptocurrency
Post by: thejuice on February 28, 2021, 09:21:51 AM
Blockchain technology will be used in the future for sure but which cryptocurrencies will still be around remains to be seen. Iím only in it for the money to be quite honest but that being said there are some clear use cases see VeChain for example but thereís still a bit of work to do to make mass adoption a reality. The PayID project is one example of how they want to make sending money as easy as sending a text or email. While for many end users they can already do this but the checking and back of house stuff that we donít see is what will be improved. It should make banking cheaper and quicker, sending international payments will become something that takes seconds not days.

Right now itís like the dot com bubble. There will be some big winners in the long term but a lot of speculation going on right now. Thereís a lot of crypto projects that will be swept away either with more regulatory clarity or just becoming obsolete. Itís a bit like the wild west at the moment but thereís no denying that there is a lot money to be made.

Bitcoins biggest problems as a means of everyday payments is itís too slow, too costly to send and it uses masses of energy that canít be sustained. As a store of value itís great but thatís largely down to itís got the name recognition and good tokenomics. XRP is light years better as a means of everyday payments. It is the opposite of bitcoin in the sense that there is loads of it to go around (100bn) itís lightning fast, costs almost nothing to use and itís energy consumption is the equivalent of a lightbulb.
Title: Re: Cryptocurrency
Post by: bannside on February 28, 2021, 09:48:16 AM
A few of us got together and mined for crypto about 6 years ago when this was all in its infancy. Our crypto of choice was Litecoin, as it took a lot longer to produce a Bitcoin with our fairly basic mining equipment. Nevertheless we produced about 2 Bitcoins and 15 Litecoin (we punted on it being the next big thing). But after a few months the novelty wore off and emptied our wallets to reimburse the set up costs and make a small but tidy profit, around the time Bitcoin was worth around £2k!

Maybe we should have kept her lit a bit longer lol.
Title: Re: Cryptocurrency
Post by: Look-Up! on March 01, 2021, 12:13:00 AM
Never bothered with the mining but it's mental the money behind it. Think you did ok, I'd imagine that the more sophisticated technology needed to mine as more bitcoin unlocked would have made the upgrade costs prohibitive anyway. 

The whole craze pissed off a lot of gamers though and put graphics card prices through the roof. Crazy to think what it done to share prices for the likes of Nvidia and the other big manufacturer (can't think of name). They couldn't make the things quick enough and made a lot of shareholders very rich. Just goes to show there's always money to be made and lost and more than one way to skin a cat.
Title: Re: Cryptocurrency
Post by: RadioGAAGAA on March 01, 2021, 07:33:21 AM
Crazy to think what it done to share prices for the likes of Nvidia and the other big manufacturer (can't think of name).

AMD, just the maker of the best CPUs on the planet right now... 8)
Title: Re: Cryptocurrency
Post by: RedHand88 on March 01, 2021, 12:30:39 PM
Jesus this mass adoption bullshit all over again.

Honesty is there anyone on here actually using (as opposed to simply holding) cryptocurrency? 99.99% of cryptocurrency trading is as speculation. Doesnít make them worth anything at all.

It's 1997 and crpytocurrency is the World Wide Web.
Yes it's clunky and slow to complete a transaction but can anyone remember what dial up Internet was like in the late 90s? It would be unusable by today's standards but we worked at it and it got better and better.

Through every dip and crash hurled at it, crypto has come back stronger and stronger each time. 1 bitcoin will be worth $100k by the end of 2022. Bookmark this page if you want to prove me wrong.
Title: Re: Cryptocurrency
Post by: clarshack on March 01, 2021, 12:53:47 PM
Jesus this mass adoption bullshit all over again.

Honesty is there anyone on here actually using (as opposed to simply holding) cryptocurrency? 99.99% of cryptocurrency trading is as speculation. Doesnít make them worth anything at all.

It's 1997 and crpytocurrency is the World Wide Web.
Yes it's clunky and slow to complete a transaction but can anyone remember what dial up Internet was like in the late 90s? It would be unusable by today's standards but we worked at it and it got better and better.

Through every dip and crash hurled at it, crypto has come back stronger and stronger each time. 1 bitcoin will be worth $100k by the end of 2022. Bookmark this page if you want to prove me wrong.

That's where XRP comes in.
Title: Re: Cryptocurrency
Post by: trailer on March 01, 2021, 01:02:57 PM
Jesus this mass adoption bullshit all over again.

Honesty is there anyone on here actually using (as opposed to simply holding) cryptocurrency? 99.99% of cryptocurrency trading is as speculation. Doesnít make them worth anything at all.

It's 1997 and crpytocurrency is the World Wide Web.
Yes it's clunky and slow to complete a transaction but can anyone remember what dial up Internet was like in the late 90s? It would be unusable by today's standards but we worked at it and it got better and better.

Through every dip and crash hurled at it, crypto has come back stronger and stronger each time. 1 bitcoin will be worth $100k by the end of 2022. Bookmark this page if you want to prove me wrong.

That's where XRP comes in.

Pissy that you can't buy it at the minute on Coinbase.
I'm all in anyway. Crypto is the new gold and I have a coinbase account and am up and running. I intend to buy Bitcoin and a few other Altcoins regularly going forward.
Title: Re: Cryptocurrency
Post by: tiempo on March 01, 2021, 02:27:42 PM
Jesus this mass adoption bullshit all over again.

Honesty is there anyone on here actually using (as opposed to simply holding) cryptocurrency? 99.99% of cryptocurrency trading is as speculation. Doesnít make them worth anything at all.

It's 1997 and crpytocurrency is the World Wide Web.
Yes it's clunky and slow to complete a transaction but can anyone remember what dial up Internet was like in the late 90s? It would be unusable by today's standards but we worked at it and it got better and better.

Through every dip and crash hurled at it, crypto has come back stronger and stronger each time. 1 bitcoin will be worth $100k by the end of 2022. Bookmark this page if you want to prove me wrong.

Is that all?
Title: Re: Cryptocurrency
Post by: Look-Up! on March 01, 2021, 11:14:51 PM
Crazy to think what it done to share prices for the likes of Nvidia and the other big manufacturer (can't think of name).

AMD, just the maker of the best CPUs on the planet right now... 8)

Yes they're the ones. I'll take your word for it on the CPUs, out of interest is that graphics or computer CPU you're referring to?

In any case both of them have done well out of the scramble for graphics CPUs from the mining community. Just from a quick check, if you had bought shares in AMD 5 years ago you would have seen well over 4000% return on your investment. For Nvidia a more modest 1500%. Maybe not as exciting as investing in crypto but certainly a safer bet than trying to guess which coins would make it.
Title: Re: Cryptocurrency
Post by: Seamus on March 02, 2021, 02:30:07 AM
Jesus this mass adoption bullshit all over again.

Honesty is there anyone on here actually using (as opposed to simply holding) cryptocurrency? 99.99% of cryptocurrency trading is as speculation. Doesnít make them worth anything at all.

It's 1997 and crpytocurrency is the World Wide Web.
Yes it's clunky and slow to complete a transaction but can anyone remember what dial up Internet was like in the late 90s? It would be unusable by today's standards but we worked at it and it got better and better.

Through every dip and crash hurled at it, crypto has come back stronger and stronger each time. 1 bitcoin will be worth $100k by the end of 2022. Bookmark this page if you want to prove me wrong.

That's where XRP comes in.

XRP will do extremely well but nothing compared to XLM which is a hard fork of it. Close to the same price at the moment but that is soon to drastically change.
Title: Re: Cryptocurrency
Post by: gallsman on March 02, 2021, 07:03:05 AM
XRP, to quote a certain Dubliner, will do fookin' nuttin'. Pure scam and always has been.

https://www.forbes.com/sites/jasonbloomberg/2019/03/01/is-ripple-a-scam/
Title: Re: Cryptocurrency
Post by: Seamus on March 03, 2021, 02:37:26 AM
XRP, to quote a certain Dubliner, will do fookin' nuttin'. Pure scam and always has been.

https://www.forbes.com/sites/jasonbloomberg/2019/03/01/is-ripple-a-scam/

Personally I would never take advice on cryptocurrency from a person that never owned nor intends to own it in the future. I do agree with him in that XRP is not decentralized. XPR will still be around in say 2025 and by the end of this year alone may probably do a 40X from todayís price and will at some stage reach 100 bucks. Not too shabby for a coin that is a ďpure scam and will do fookin nuttinĒ.  I never had XRP and never will, not in my top 20. This the last word I will say on the matter.
Title: Re: Cryptocurrency
Post by: gallsman on March 03, 2021, 10:33:01 AM
XRP, to quote a certain Dubliner, will do fookin' nuttin'. Pure scam and always has been.

https://www.forbes.com/sites/jasonbloomberg/2019/03/01/is-ripple-a-scam/

Personally I would never take advice on cryptocurrency from a person that never owned nor intends to own it in the future. I do agree with him in that XRP is not decentralized. XPR will still be around in say 2025 and by the end of this year alone may probably do a 40X from todayís price and will at some stage reach 100 bucks. Not too shabby for a coin that is a ďpure scam and will do fookin nuttinĒ.  I never had XRP and never will, not in my top 20. This the last word I will say on the matter.

a) it's an exposť, not investment advice
b) the chances of XRP ever hitting $100 are precisely zero.
Title: Re: Cryptocurrency
Post by: clarshack on March 03, 2021, 10:52:51 AM
XRP, to quote a certain Dubliner, will do fookin' nuttin'. Pure scam and always has been.

https://www.forbes.com/sites/jasonbloomberg/2019/03/01/is-ripple-a-scam/

Personally I would never take advice on cryptocurrency from a person that never owned nor intends to own it in the future. I do agree with him in that XRP is not decentralized. XPR will still be around in say 2025 and by the end of this year alone may probably do a 40X from todayís price and will at some stage reach 100 bucks. Not too shabby for a coin that is a ďpure scam and will do fookin nuttinĒ.  I never had XRP and never will, not in my top 20. This the last word I will say on the matter.

a) it's an exposť, not investment advice
b) the chances of XRP ever hitting $100 are precisely zero.

who knows but whenever the SEC case gets settled it will at least get to it's previous ATH which is approx 8X from it's current price. not a bad wee profit to be had.
Title: Re: Cryptocurrency
Post by: APM on March 03, 2021, 11:33:44 AM
XRP, to quote a certain Dubliner, will do fookin' nuttin'. Pure scam and always has been.

https://www.forbes.com/sites/jasonbloomberg/2019/03/01/is-ripple-a-scam/

Personally I would never take advice on cryptocurrency from a person that never owned nor intends to own it in the future. I do agree with him in that XRP is not decentralized. XPR will still be around in say 2025 and by the end of this year alone may probably do a 40X from todayís price and will at some stage reach 100 bucks. Not too shabby for a coin that is a ďpure scam and will do fookin nuttinĒ.  I never had XRP and never will, not in my top 20. This the last word I will say on the matter.

What is the difference between XRP and XPR?

Title: Re: Cryptocurrency
Post by: TheGreatest on March 03, 2021, 12:42:25 PM
Chainlink  (LINK) - the god protocol - bigger and more valuable than Eth in years to come. 

Il let you do your own research.
Title: Re: Cryptocurrency
Post by: gallsman on March 03, 2021, 01:30:45 PM
Chainlink  (LINK) - the god protocol - bigger and more valuable than Eth in years to come. 

Il let you do your own research.

I have some Link. Promising but dodgy centralisation/ownership of it.

Polkadot ecosystem is going to be big I think.
Title: Re: Cryptocurrency
Post by: clarshack on March 03, 2021, 01:42:02 PM
anyone else hold BAT? bought mine around 0.20c so its done well since and will continue to do so imo. it has a good use case with the Brave web browser too.
Title: Re: Cryptocurrency
Post by: Geoff Tipps on March 03, 2021, 02:38:08 PM
Anyone hold ADA or have any opinion on it?
Title: Re: Cryptocurrency
Post by: RedHand88 on March 03, 2021, 03:35:32 PM
Lads just like any ponzi scheme just make sure you get out at the right time

It's not a ponzo scheme, it's an asset that goes up and down in value but the general trend has been increase.

Not a cryptocurrency but $KMPH is a stock worth buying.


The drug was approved by FDA with "best in class" label, the best possible outcome. Stock has nearly doubled since yesterday. Hopefully someone listened to this!
Title: Re: Cryptocurrency
Post by: RadioGAAGAA on March 03, 2021, 08:37:38 PM
Crazy to think what it done to share prices for the likes of Nvidia and the other big manufacturer (can't think of name).

AMD, just the maker of the best CPUs on the planet right now... 8)

Yes they're the ones. I'll take your word for it on the CPUs, out of interest is that graphics or computer CPU you're referring to?

In any case both of them have done well out of the scramble for graphics CPUs from the mining community. Just from a quick check, if you had bought shares in AMD 5 years ago you would have seen well over 4000% return on your investment. For Nvidia a more modest 1500%. Maybe not as exciting as investing in crypto but certainly a safer bet than trying to guess which coins would make it.

CPUs.

The shares in AMD have multiplied because they've went from literally nowhere (Excavator) to top dog (Zen3) in the CPU market over that time period.
Title: Re: Cryptocurrency
Post by: Seamus on March 04, 2021, 12:07:52 AM
XRP, to quote a certain Dubliner, will do fookin' nuttin'. Pure scam and always has been.

https://www.forbes.com/sites/jasonbloomberg/2019/03/01/is-ripple-a-scam/

Personally I would never take advice on cryptocurrency from a person that never owned nor intends to own it in the future. I do agree with him in that XRP is not decentralized. XPR will still be around in say 2025 and by the end of this year alone may probably do a 40X from todayís price and will at some stage reach 100 bucks. Not too shabby for a coin that is a ďpure scam and will do fookin nuttinĒ.  I never had XRP and never will, not in my top 20. This the last word I will say on the matter.

What is the difference between XRP and XPR?

Just a typo APM
Title: Re: Cryptocurrency
Post by: Seamus on March 04, 2021, 01:41:08 AM
Seems like there is a Liquidity Swap on the horizon where a large amount of funds will go into altcoins. BTC dominance will slightly go down. As usual this will be followed by some altcoin profit taking. Doubling of oneís holdings in a real possibility on the re-entry. Participants will need nerves is steel.
Title: Re: Cryptocurrency
Post by: thejuice on March 04, 2021, 09:46:25 AM
XRP, to quote a certain Dubliner, will do fookin' nuttin'. Pure scam and always has been.

https://www.forbes.com/sites/jasonbloomberg/2019/03/01/is-ripple-a-scam/

Personally I would never take advice on cryptocurrency from a person that never owned nor intends to own it in the future. I do agree with him in that XRP is not decentralized. XPR will still be around in say 2025 and by the end of this year alone may probably do a 40X from todayís price and will at some stage reach 100 bucks. Not too shabby for a coin that is a ďpure scam and will do fookin nuttinĒ.  I never had XRP and never will, not in my top 20. This the last word I will say on the matter.

What is the difference between XRP and XPR?

Just a typo APM

https://ripple.com/insights/ripple-pilots-a-private-ledger-for-central-banks-launching-cbdcs/?fbclid=IwAR0Ljahw23Pjkppr-y4jAjhR7R5eiAs3tAMEmFwPhZgLtLdedG9dsUXC2hc

Weíll see where this goes. XRP can be used in this new ledger to bridge CBDCs but it seems not necessary though, itís optional like in the Ripples current set up.