Bitcoin

[ryanb741]

In terms of my portfolio i hold Ethereum, Omisego, Nano (formerly Raiblocks) as growth coins (Nano is about to get listed on Binance and every coin listed on Binance has at least quadrupled in a month so I will set a sale price at 4x current value and convert into Omisego which is likely to pump mid hear as it will provide plasma on the Ethereum network.

I have Telcoin and Dent as punts with small amounts invested in each. Just as likely to become worthless as pump.

Wouldn't touch Bitcoin but that's just my personal opinion. We are entering the age of Ethereum imho.

[Omegamanic]

Do NOT buy Bitcoin. It's toast. It was the first of its kind but it's going to be usurped by Ethereum in market cap pretty damn fast and if you see the names of the companies who joined the Ethereum alliance today (ie who will be using the Ethereum platform) you can see it's going to snowball. Examples being Tesla, Ernst and Young, Bank of Canada, Pfizer.

Far from toast, and the platform is not the coin.

[crazyp]

Far from toast, and the platform is not the coin.

The biggest issue with ETH is people understanding why they need the coin and the use of the platform. People are not understanding this de-coupling. Also ETH the coin needs to be de-centralised and less power to the founder. And I want to see proper applications of ETH the coin and not just a coin to fuel a platform.

I'd also agree and caution against bitcoin's demise. Remember three weeks ago we were trumpeting about the whole market! In that time $250 billion has been taken out of the crypto market so this correction is entirely understandable. The extreme volatility in crypto means we really should calm and not stress about 20-30% drops, its a bumpy ride and we are only just out of January!!!

[murilloinf]

Has anyone heard of cryptaur ?

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[Dave O'Sullivan]

Has anyone heard of cryptaur ?

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Sounds like a Marvel villain.

[tertius]

More on Tether: https://www.nytimes.com/2018/01/31/t...oin-price.html

[aldfort]

Those with holdings in crypto currency or those who trade it might like to look at recent HMRC pronouncements.

[Christian]

This is it exactly! The $10k floor gets tested (and breached a little) and seems to be stable, but there could be other events that trigger a massive sell down.

I might put a bit in now(ish) and then if it does dip down further buy a bit more. Oh I don't know!

I think we are heading to $7k or worse. Bitcoin needed to defend well above $10k to start to look like a bull run. Couple this with the tether scandal brewing and I think January’s woes will continue we’ll into February. We’ll see - it’s anyones guess!

[paule23]

Never mind bitcoin, i bought my first gold coin yesterday, a 2018 1oz Britannia. Ticks lots of boxes for me, beautiful item, I like coins, and a diversification in my (small!) investment portfolio. Just got to make sure I don't lose the bugger now......

[Coronet king]

As a newbie what would be a good entry point for ethereum?

Any advice given is taken with a pinch of salt & not legally binding 👍

Thanks

[Christian]

As a newbie what would be a good entry point for ethereum?

Any advice given is taken with a pinch of salt & not legally binding 

Thanks

Easiest is currently coinbase. Revolut are just opening up their crypto buying with low fees to all standard account holders. Opening up a Revolut account and waiting for this might allow the market to settle too...I would wait...don’t catch a falling knife!

[Hewjardon]

Bitcoin, as opposed to Ether, isnt about the platform. I would keep buying bitcoin as long as its price is sub USD10k. It stil has a LOT of juice left in it.

Ether has great PR, but also has its own problems.

Tether is a joke, and when it collapses it will muddy the name of all cryptos.

HMRC? ROFL





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[Coronet king]

Easiest is currently coinbase. Revolut are just opening up their crypto buying with low fees to all standard account holders. Opening up a Revolut account and waiting for this might allow the market to settle too...I would wait...don’t catch a falling knife!

Many thanks, I've opened up a coinbase account but will look into revolut.

[Geoff W]

To be clear though, with Revolut you don't 'own' anything, you get a token that is equal in value to eth, btc or ltc. Revolut is great at what it does, this isn't one of those things.

[Raffe]

I’m completely in two minds about it:

1. The first mind says that $10k seems to be a fairly solid floor and every time it dips below it recovers fairly quickly, and probably we’ll sit at this level for a while;

2. The second mind says that it’s going to drop heavily, probably triggered by Tether imploding, and falling to around the $5k mark, followed by a very slow recovery.

I can’t decide between the two so as I result I’m doing nothing!

or:
3. It's going to drop heavily and falling to around the $5k mark, followed by a complete implosion and return to penny values.

[bambam]

Woke up this morning to a sea of red....

[100thmonkey]

Relax. You’ll get used to it. Don’t analyse by the hour do it by quarters or years. It’s a great time to buy.....maybe.

Such fun watching everyone panic and sell. The big boys are slowly buying and not worrying at all and if you have abided by the ‘only put in what you are prepared to lose’ then it’s never a worry


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[bambam]

Relax. You’ll get used to it. Don’t analyse by the hour do it by quarters or years. It’s a great time to buy.....maybe.

Such fun watching everyone panic and sell. The big boys are slowly buying and not worrying at all and if you have abided by the ‘only put in what you are prepared to lose’ then it’s never a worry


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I'm getting used to it now! I have only put in what I'm prepared to lose - still doesn't make for good reading when everything is down!

[100thmonkey]

Long game. Be grateful with the gains and if you lose it’s your money not your health so don’t worry


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[matt109]

The big boys are slowly buying

Who are these big boys? and how do you know?

[100thmonkey]

Who are these big boys? and how do you know?

I get in a train with a couple and have a few as friends.

You only lose if you sell and no ones holding your arm up your back


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[crazyp]

Right back on to Alt topics - I am looking to get out of tron - I get more and more suspicious its a scam. Any ideas what to move it into?

[100thmonkey]

Right back on to Alt topics - I am looking to get out of tron - I get more and more suspicious its a scam. Any ideas what to move it into?

Omg. Neo. XLM.


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[crazyp]

Omg. Neo. XLM.


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Got a fairly substantial position in XLM already, but maybe worth moving more into there. A question on NEO, are the coins the same in application as ETH?

[relaxer7]

As a newbie what would be a good entry point for ethereum?

Any advice given is taken with a pinch of salt & not legally binding 

Thanks

...probably now tbh but slowly and incrementally (dollar averaging)

I'd watch Bitcoin for another week though - it's just gone through a major support level which could well open the doors to sub $6000.

[Allwatches]

Last two months have not been good for cryptos in general.

Who knows whether its going to go down further.. i suspect it probably will to be honest. Hoping it rebounds eventually...

[Omegamanic]

I'm happy to just sit and watch, add a little every now and then, and see what happens over the next couple of years. Crypto currency is not going away. The first few big players will be in for the long haul, and lots of time money and effort are being expended on development.

The only real fly in the ointment, other than fluctuations while the coins find their own place, is the prospect of quantum computing. Even then the development side should incorporate any requirements into currencies.

[Hewjardon]

Year 6 as a bitcoin holder.
Veteran of MTGOX.

I imagine those people that bought on credit last year are starting to get credit card bills they cant justify servicing, certainly not without any kind of recovery on the cards.....silly people, they should have stuck to premium bonds.

You selling? I'm buying.

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[ryanb741]

Craziest trading time ever. Ethereum went up 25% in 14 seconds. And I managed to buy the dip at the bottom for once :). Now up 30% in 35 mins!

[100thmonkey]

Craziest trading time ever. Ethereum went up 25% in 14 seconds. And I managed to buy the dip at the bottom for once :). Now up 30% in 35 mins!

Me too and I was scary nervous lumping in but happy now


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[100thmonkey]

The FUD that’s been created is semi justified. It does need a little clean up and once it’s had one then it’ll be the sale as before with better investors that will make it more stable.
No doubt a few investors have got the cash from
Wherever so they can be reckless with it whereas registered and verified users will usually be more legit.


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[Geoff W]

More than happy to buy a little more ETH at those prices.

[relaxer7]

Have we hit the bottom or is the dead cat bouncing?

[Bobafett]

More like catching a falling knife..

[Chinnock]

If you're in it for the short term then you may as well go to a casino and put all your money on red. Crypto is a long term investment of at least a year. You will then be rewarded far more than keeping your money in the bank. If you are currently on a loss then just don't sell. Time will be you're friend, just don't lose your nerve. Crypto is here to stay!

[Allwatches]

Ive got a bit in crpytocurrency, but I'm not sure whether valuations are justified at its current levels, especially when you think about how some cryptos are worth more than companies that produce tangible goods!

[jwillans]

I've been hovering up a good bit of Telcoin following Ryan's earlier tip and some research - seems too cheap not to with the price dip but only have about £500 worth total. Although I'm currently about 40% on price paid I am optimistic that over the course of 12 - 18 months it will pay good dividends if they manage to create operator partnerships. I'm impressed that the management team are taking a cautious approach to announcements and not making false promises.

[Superman]

I wonder how many people have got scared and cashed out. Nervy times for the ‘Christmas’ investor.

[bambam]

I've been hovering up a good bit of Telcoin following Ryan's earlier tip and some research - seems too cheap not to with the price dip but only have about £500 worth total. Although I'm currently about 40% on price paid I am optimistic that over the course of 12 - 18 months it will pay good dividends if they manage to create operator partnerships. I'm impressed that the management team are taking a cautious approach to announcements and not making false promises.

£500 would give you a lot of Telcoin! I'm optimistic about Telcoin too, but haven't managed to buy any more yet.

[Bobafett]

over the course of 12 - 18 months it will pay good dividends if they manage to create operator partnerships.

what Cryptocurrencies paying 'dividends'??

I've heard it all now. Best of luck with your investment.

[Passenger]

If you're in it for the short term then you may as well go to a casino and put all your money on red. Crypto is a long term investment of at least a year. You will then be rewarded far more than keeping your money in the bank. If you are currently on a loss then just don't sell. Time will be you're friend, just don't lose your nerve. Crypto is here to stay!

No disrespect but a year is not long term investment. Best of luck.

[jwillans]

£500 would give you a lot of Telcoin! I'm optimistic about Telcoin too, but haven't managed to buy any more yet.

Over 131k - if it were to get to 0.1 or 0.2 this year then I would be happy.

[Chinnock]

No disrespect but a year is not long term investment. Best of luck.

"At least a year......" is not exactly short term in crypto these days. I don't intend to base any investment on "luck", but appreciate your best wishes.

Based on the disgusting actions of large financial institutions over the recent decades, any future that allows people to trade with each other without the control of banks, is a future worth investing in as far as I'm concerned.

Time will tell, but so far so good!

[bambam]

Over 131k - if it were to get to 0.1 or 0.2 this year then I would be happy.

That would be great! Fingers crossed for you. I want to build my position in Telcoin more too, but the small amount of £ i had left for this went into BTC in the dip.

On another note, what do you guys reckon the outlook is for XLM this year?

[Allwatches]

"At least a year......" is not exactly short term in crypto these days. I don't intend to base any investment on "luck", but appreciate your best wishes.

Based on the disgusting actions of large financial institutions over the recent decades, any future that allows people to trade with each other without the control of banks, is a future worth investing in as far as I'm concerned.

Time will tell, but so far so good!

A year is quite a long time to be fair, given how volatile it is!

[100thmonkey]

That would be great! Fingers crossed for you. I want to build my position in Telcoin more too, but the small amount of £ i had left for this went into BTC in the dip.

On another note, what do you guys reckon the outlook is for XLM this year?

It’s almost impossible to take somebody else’s opinion of a coin as to how well it never look for assurance from anyone else just do what you want to do take the consequences don’t worry about having a Lambo just enjoy it


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[jwillans]

It’s almost impossible to take somebody else’s opinion of a coin as to how well it never look for assurance from anyone else just do what you want to do take the consequences don’t worry about having a Lambo just enjoy it


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Agreed - but research can be done to bolster confidence: what's the strategy, who are the team, who are the competitors etc. I treat investing in crypto a bit like the arcades in Whitby - I'm fully prepared to lose all I invest and I'm buying a bit of fun:

[100thmonkey]

Agreed - but research can be done to bolster confidence: what's the strategy, who are the team, who are the competitors etc. I treat investing in crypto a bit like the arcades in Whitby - I'm fully prepared to lose all I invest and I'm buying a bit of fun:

Spot on. And if you get a Lamborghini it’s a bonus


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[sjedwardz]

I have xlm and ripple. Xlm is a form of xrp and has the same founder on board.

Think they are complimentary. They have a working platform and some very good partners.

As everyone else has said do some research. I’ve only invested in companies that actually have working software and also partners. Maybe not buying when they are stupidly low but at least this way you are minimising some risk.

There will be a big shake out over the coming years. No one will know who the winners will be but at least with research it’s an educated guess.

It’s like dotcom era. I bet we all wish we bought amazon and google in those days! Knowing my luck I would have bought click mango


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[Christian]

I’ve never really understood what you are buying when you buy an XRP token? It’s not a share in the company and most of ripples partners plan on using the network not the token? Similarly, when you buy a supply-chain token like Modum...what are you actually buying and why does it have value as an investment?