Cryptocurrency

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S-H
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Cryptocurrency

Post by S-H » Mon Feb 22, 2021 3:12 pm

Has anyone purchased any form of Cryptocurrency yet?

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Re: Cryptocurrency

Post by DasNutNock2 » Mon Feb 22, 2021 3:51 pm

I barely understand how established currencies work.

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Re: Cryptocurrency

Post by sendô » Mon Feb 22, 2021 4:11 pm

Ponzi scheme

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Re: Cryptocurrency

Post by My_Sobriquet » Mon Feb 22, 2021 6:10 pm

I bought £500 worth of Etherium and Bitcoin a little while ago. Now it’s worth just under £3500.

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Rust
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Re: Cryptocurrency

Post by Rust » Mon Feb 22, 2021 9:32 pm

Bought some Ethereum a few months ago.

I'm pretty bullish about it. Main reason being that as countries around the world up taxes on the wealthy after Covid, it's a great way to stash money.

Also, as globalism continues it's a very efficient way to get paid.

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Re: Cryptocurrency

Post by Happyhammer52 » Mon Feb 22, 2021 10:20 pm

Another football forum I use has a Bitcoin thread which was started in 2013. It's quite amusing going back to the start and looking at some of the comments. Most seemed to think it would be a complete fad. There are a couple of users on there who have made a incredibly healthy profit.

What confuses me is the whole mining side of thing, can't fathom that out at all.

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Re: Cryptocurrency

Post by Crouchend_Hammer » Tue Feb 23, 2021 6:52 am

Dipped my toe in the water for the first time at the weekend
Bought a variety of currencies on Coinbase.
They have all plummeted since then but looking at it as a longer term investment so will leave them for a year and see where I am

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S-H
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Re: Cryptocurrency

Post by S-H » Tue Feb 23, 2021 7:53 am

Crouchend_Hammer wrote:
Tue Feb 23, 2021 6:52 am
Dipped my toe in the water for the first time at the weekend
Bought a variety of currencies on Coinbase.
They have all plummeted since then but looking at it as a longer term investment so will leave them for a year and see where I am
I use Coinbase too, Crouchy.

Definitely a long term investment, I bought some Ethereum and Bitcoin last week.

A friend of mine who is quite serious about it all, says that Ethereum could be as big as Bitcoin, and apparently Bitcoin could go as high as $500'000 in the future.

Who knows.

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Re: Cryptocurrency

Post by Denzil » Tue Feb 23, 2021 9:15 am

Anyone read much into Polkadot (DOT)? I have heard it could be a big mover too. I am looking to invest a little into each of these three currencies.

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Re: Cryptocurrency

Post by S-H » Tue Feb 23, 2021 9:56 am


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Re: Cryptocurrency

Post by Greatest Cockney Rip Off » Tue Feb 23, 2021 10:49 am

Egyptian fella in work bought a load of Bitcoins when they first came out. Recently sold them and made thousands (and I mean thousands). He's gutted because if he'd have waited they'd be worth even more due to Elon Musk splashing out on a load of them. I don't get it personally but there's money to be made with them if you bide your time.

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Re: Cryptocurrency

Post by Denzil » Tue Feb 23, 2021 10:58 am

What platform do you use? I signed up to Kraken

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Re: Cryptocurrency

Post by S-H » Tue Feb 23, 2021 11:00 am

I use Coinbase.

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Re: Cryptocurrency

Post by davids cross » Tue Feb 23, 2021 12:00 pm

Morning Mr S-H..

I feel we have managed to forge some sort of on-line friendship, therefore am willing to trust your very great judgement on such matters.

I have some coins in the cupboard (as below). In your opinion.........are they a cryptocurrency ?

Eagerly awaiting confirmation.... ..They are shiny........I'm leaning towards them being Bitcoins ....but I'm no expert.

Image

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Re: Cryptocurrency

Post by FosterxSlater » Tue Feb 23, 2021 12:17 pm

Hi all, been a long time lurker but seeing as your talking cryptocurrency im taking the plunge! I have been studying the space for 3 years in anticipation for this bull market (the time where prices go crazy) its normally a 4 year cycle of 3 years downtrend followed by 1 year of parabolic rises. Bitcoin and ethereum are your safest plays but if you research some lower market cap coins you can make serious gains, obviously more risk involved though. I would be recommending coins such as dot, quant, cardano and vechain for nice gains in the next 6-9 months but you can't go wrong with bitcoin or ethereum especially as uts now all being fuelled by institutional investment this time around.

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S-H
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Re: Cryptocurrency

Post by S-H » Tue Feb 23, 2021 12:30 pm

davids cross wrote:
Tue Feb 23, 2021 12:00 pm
Morning Mr S-H..

I feel we have managed to forge some sort of on-line friendship, therefore am willing to trust your very great judgement on such matters.

I have some coins in the cupboard (as below). In your opinion.........are they a cryptocurrency ?

Eagerly awaiting confirmation.... ..They are shiny........I'm leaning towards them being Bitcoins ....but I'm no expert.

Image

My Dearest Crossy,


I'm sorry to report, that, that is not Bitcoin I'm afraid, more likely Bitecoin.

Feel free to post them to me and I will cast my expert eye over them, just to make sure.

As we are Fwends I will only charge a small fee for my expertise.

Please send to:

Mr W. Gummidge
Scatterbrook Farm
Michelmersh
Hampshire
SO51 1SH

With Love

S-H

xx

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Re: Cryptocurrency

Post by davids cross » Tue Feb 23, 2021 12:38 pm

"Bugger"...

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Re: Cryptocurrency

Post by sendô » Tue Feb 23, 2021 12:54 pm

FosterxSlater wrote:
Tue Feb 23, 2021 12:17 pm
I would be recommending coins such as dot, quant, cardano and vechain for nice gains in the next 6-9 months but you can't go wrong with bitcoin or ethereum especially as uts now all being fuelled by institutional investment this time around.
You absolutely can go wrong with a "currency" that is not based on anything tangible and relies on continued investment and consumer confidence.

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Re: Cryptocurrency

Post by FosterxSlater » Tue Feb 23, 2021 1:00 pm

sendô wrote:
Tue Feb 23, 2021 12:54 pm
You absolutely can go wrong with a "currency" that is not based on anything tangible and relies on continued investment and consumer confidence.
Of course its a risk, every investment is a risk. It was meant for those who were taking an interest in investing

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Re: Cryptocurrency

Post by Denzil » Tue Feb 23, 2021 1:33 pm

FosterxSlater wrote:
Tue Feb 23, 2021 12:17 pm
Hi all, been a long time lurker but seeing as your talking cryptocurrency im taking the plunge! I have been studying the space for 3 years in anticipation for this bull market (the time where prices go crazy) its normally a 4 year cycle of 3 years downtrend followed by 1 year of parabolic rises. Bitcoin and ethereum are your safest plays but if you research some lower market cap coins you can make serious gains, obviously more risk involved though. I would be recommending coins such as dot, quant, cardano and vechain for nice gains in the next 6-9 months but you can't go wrong with bitcoin or ethereum especially as uts now all being fuelled by institutional investment this time around.
Welcome Foster. What coins have you invested in so far?

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