Cryptocurrency

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iLoveLasagne
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Re: Cryptocurrency

Post by iLoveLasagne » Wed Jan 26, 2022 2:05 pm

Ben wrote:
Tue Jan 25, 2022 11:05 am
Buy all the shib and hodl!
Meme coins are enitirely dependent upon retail investor hype. I did catch onto the tail end of the spike however and managed to see 50% gains but then it started to dump rapidly and I got out within half a day to keep my gains. I would have gotten out sooner but Coinbase kept crashing.

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Re: Cryptocurrency

Post by Mullhull » Wed Jan 26, 2022 4:19 pm

So my Linxdot Miner is delayed... until APRIL

People are kicking off!

But I was speaking to one guy who was making 2 HNT a day using 3 miners in different locations. At ATH that was the equivelent of $30k per year.

I've also seen guides of people making Hotspots DIY using Raspberry Pi (I believe most of them are made from this anyway!)

So looks like I'm sat here for 3 more months waiting!

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szola
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Re: Cryptocurrency

Post by szola » Thu Jan 27, 2022 8:37 am

Mullhull wrote:
Wed Jan 26, 2022 4:19 pm
But I was speaking to one guy who was making 2 HNT a day using 3 miners in different locations. At ATH that was the equivelent of $30k per year.
Thought HNT wasn't BTC convertible at the moment.

Took a look at the DIY Helium vRaspberrys and they look too techy for me.
Looking at the price for the original equipment from the offical Helium hotspot sellers, it'll take more than a year to get you investment back, if you have a good location.

Still intrigued by this project though...
Mullhull wrote:
Mon Jan 24, 2022 2:46 pm
Maiar app for $eGLD I'm locked into the highest APR on there currently.
I stake my $ICX on the ICONWallet connected through Ledger.
I bought all my $ADA on eToro so it's accumulating there.
I have some on Binance because I haven't moved my $ONE yet due to getting an OK rate on locked staking.
the the last one on there is $VET

Ultimately you lose out keeping it on an exchange but if you're not too bothered, then it's fine.
So you're staking as much as possible. Might have to look into that myself.

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szola
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Re: Cryptocurrency

Post by szola » Thu Jan 27, 2022 9:19 am



hmmm.....

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last.caress
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Re: Cryptocurrency

Post by last.caress » Thu Jan 27, 2022 9:50 am

I love this thread, in a way. I read it every day and I haven't got a clue what any of you are saying. It might as well be in Swahili. I mean I'm supposed to read it all in case you might be bickering or swapping instructions for building a vest bomb or something, but then again you might be doing both of those things anyway for all I'm able to decipher.



Maybe every couple of months I'll post a generic "Okay gents, that'll do, back on topic" just to cover my ballbags in case it turns out you're a bunch of cyberterrorists coordinating a massive viral attack in code. :)


(Just to put my mind at rest: You're not a bunch of cyberterrorists coordinating a massive viral attack, are you? You'd tell me if you were, wouldn't you? :shock: )

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Re: Cryptocurrency

Post by S-H » Thu Jan 27, 2022 9:56 am

No trouble in here, Guv, none whatsoever.

:newthumb:

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Re: Cryptocurrency

Post by wolf359 » Thu Jan 27, 2022 11:22 am

last.caress wrote:
Thu Jan 27, 2022 9:50 am
(Just to put my mind at rest: You're not a bunch of cyberterrorists coordinating a massive viral attack, are you? You'd tell me if you were, wouldn't you? :shock: )
Picture of the average member of this thread

Image

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Re: Cryptocurrency

Post by iLoveLasagne » Tue May 10, 2022 12:46 pm

I guess nobody will be buying any lambos for the forseeable. What is happening with Terra Luna is beyond brutal.

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Re: Cryptocurrency

Post by EvilC » Tue May 10, 2022 1:15 pm

It could be worse, you could own Peloton shares.

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Re: Cryptocurrency

Post by chelmsfordhammer91 » Tue May 10, 2022 3:54 pm

EvilC wrote:
Tue May 10, 2022 1:15 pm
It could be worse, you could own Peloton shares.
That's what they get for trying to get americans to exercise.

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Re: Cryptocurrency

Post by EvilC » Tue May 10, 2022 4:29 pm

chelmsfordhammer91 wrote:
Tue May 10, 2022 3:54 pm
That's what they get for trying to get americans to exercise.
lol

They'll need to reinforce the steel pole that supports the seat, for sure.

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Re: Cryptocurrency

Post by iLoveLasagne » Tue May 10, 2022 11:35 pm

EvilC wrote:
Tue May 10, 2022 1:15 pm
It could be worse, you could own Peloton shares.
Wouldn't be so sure. The altcoin Terra Luna's price a month ago was £90+ and right now it is £12.30.

EDIT: Now below £5

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Re: Cryptocurrency

Post by EvilC » Wed May 11, 2022 10:24 am

iLoveLasagne wrote:
Tue May 10, 2022 11:35 pm
Wouldn't be so sure. The altcoin Terra Luna's price a month ago was £90+ and right now it is £12.30.

EDIT: Now below £5
Er, it is a clear “buying opportunity”.

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Re: Cryptocurrency

Post by iLoveLasagne » Wed May 11, 2022 1:53 pm

EvilC wrote:
Wed May 11, 2022 10:24 am
Er, it is a clear “buying opportunity”.
It is now worth just over £1. Crazy for something which was worth billions in market cap to get destroyed into oblivion so quickly.

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Re: Cryptocurrency

Post by szola » Thu May 12, 2022 8:59 am

If you look at what digital assets were worth most 5-6 years ago, you'd find plenty that has disappeared.
Digital assets are a relative new class and will continue to develop. It might always end up being volatile, as it can be out-competed by start ups, if they won't consolidate as we've seen in today's market.

Internet based, blockchain technology with purely digital assets such as NFTs will not disappear. So someone will reap the benefits.

Apple with their Macintosh were in the game early doors. Remember IBM's personal computers, or Olivetti. Xerox tried, same as Commodore and Atari, or Sinclair's ZX.

Now most of us use our phones, pads or dedicated consoles for what the PCs would offer.

When digital assets are used in finance with DeFi, NFTs the base of games and art (imagine that you could buy individualised pictures for your Samsung Frame) and blockchain technology the go-to approach for interaction between people, it'll be massive, just like us :smiler:

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Re: Cryptocurrency

Post by The Old Man of Storr » Thu May 12, 2022 12:37 pm

last.caress wrote:
Thu Jan 27, 2022 9:50 am
I love this thread, in a way. I read it every day and I haven't got a clue what any of you are saying. It might as well be in Swahili .

After watching the film ' Limitless ' I bought myself a copy of Brian Greene's ' The Elegant Universe ' - I understand more of that than I do this thread .

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Re: Cryptocurrency

Post by Cockneyboy311 » Thu May 12, 2022 1:12 pm

Fascinates me all this and keen to learn more, so no idea why this is the first time entering this thread!

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Re: Cryptocurrency

Post by iLoveLasagne » Thu May 12, 2022 2:14 pm

So yesterday when Luna went to around a dollar I thought it must be near the bottom. When I went to buy it was around $5 already. I chucked in £250. Today I woke up and Luna had gone down to 5 cents! I bought 4000 more at that price. The price is fluctuating a great deal obviously but at present I have two grand suddenly.

It could go to zero obviously but I wanna see if they get the dollar peg issue fixed. I don't anticipate Luna to recapture that trust but the risk reward ratio is very favourable. To me anyway. So I'm gonna let it ride.

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Re: Cryptocurrency

Post by iLoveLasagne » Thu May 12, 2022 3:57 pm

So the madness continues. On Crypto.com I wasn't able to withdraw or sell my Luna as I had to first set up USDC tramsactions with my bank which is Lloyd's which was peculiarly not in their list so needs a scanned bank statement so I will need to go to my office and print one. Meanwhile the price has tanked although my crypto.com account shows I still have most of my earlier balance. No idea why but don't expect this to be the case I am able to withdraw.

As I said, if it goes down the drain I will lose a monkey. But on the upside I could see 100x returns. If I buy now, 1000x returns. But that's enough crypto and Internet for me now.

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Re: Cryptocurrency

Post by chelmsfordhammer91 » Thu May 12, 2022 5:09 pm

The problem with Luna is its integrity, which I highly doubt can recover considering the nature of the coin.

It isn't like Bitcoin, where there is a finite amount available. More Luna continues to be produced with theoretically no limit.

As it is propped up by another coin (can't remember the name), it is essentially a Ponzi scheme.

Still worth a flutter if that's your thing, as you are essentially gambling that more people follow suit after you.

I see the viability of Bitcoin as a cryptocurrency, but the history of digital asset stocks isn't really a good one to base a proper investment strategy on.

I've personally stayed away from crypto, as I really don't know enough about it to feel comfortable even putting a small part of my portfolio towards it.

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