Author Topic: Cryptocurrency  (Read 13177 times)

thejuice

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Re: Cryptocurrency
« Reply #105 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.
It won't be the next manager but the one after that Meath will become competitive again - MO'D 2016

lfdown2

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Re: Cryptocurrency
« Reply #106 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.

thejuice

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Re: Cryptocurrency
« Reply #107 on: February 12, 2021, 01:36:58 PM »
Itís all about the Digital magic beans these days.
It won't be the next manager but the one after that Meath will become competitive again - MO'D 2016

gallsman

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Re: Cryptocurrency
« Reply #108 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.
"Never mind your why. Why ain't in your repetoire no more n***a"

DrinkingHarp

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Re: Cryptocurrency
« Reply #109 on: February 18, 2021, 08:34:33 AM »
Gaaboard Predict The World Cup Champion 2014

gallsman

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Re: Cryptocurrency
« Reply #110 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...
"Never mind your why. Why ain't in your repetoire no more n***a"

JohnDenver

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Re: Cryptocurrency
« Reply #111 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.

clarshack

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Re: Cryptocurrency
« Reply #112 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.

imtommygunn

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Re: Cryptocurrency
« Reply #113 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.

gallsman

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Re: Cryptocurrency
« Reply #114 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.
"Never mind your why. Why ain't in your repetoire no more n***a"

imtommygunn

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Re: Cryptocurrency
« Reply #115 on: February 18, 2021, 12:44:26 PM »
It's definitely not good for the blood pressure lol

tiempo

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Re: Cryptocurrency
« Reply #116 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.

J70

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Re: Cryptocurrency
« Reply #117 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??

trailer

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Re: Cryptocurrency
« Reply #118 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.

gallsman

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Re: Cryptocurrency
« Reply #119 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.
"Never mind your why. Why ain't in your repetoire no more n***a"