Not yet moog. I was having real trouble getting verified on coinbase. I was tempted to try kraken? Is that what you use?
NEO has dipped a little but the general consensus amongst the brash bros on Facebook is that it's heading to $100 by end of year. I don't know the basis for that but the whole project seems impressive www.neo.org
Ok so I get kraken buy bitcoin correct. Then transfer this to Brittex? Then buy neo? Then store this on a wallet on my pc? Sorry to double check, but just want to be sure.
Ok first things first. I have applied for an account with Kraken, awaiting my tier 2 verification. Step 2: Buy some bitcoin on kraken?
This is all correct. Bitcoin is bullish right now. There's been a flood of buyers from hedge funds, I think because it offers a safe haven during the period of nuclear standoff between NK and US. For a simple transaction that means little, but look at the actual $ or £ price of the end currency you are getting. Reid's has referenced an app called Blockfolio which is awesome. Update it with your trade and when you made it and it will track for you, letting you know when you're up or down, in both btc and real £ terms. This means if you diversify into other currencies you can see at a glance where you are winning and losing. You can also set alerts for trades, as I did recently. Example: I bought into NEO at .0046 btc and set an alert for when it hit 0.013, which happened within a week, so I sold at a 180% profit. Then I set an alert for .009 and bought back in again. You can also do this by setting a limit buy on Bittrex, e.g. you see the price right now is fluctuating between 0.0135 and 0.0105 bitcoin or £34.63 and £44.54. You don't we to buy at the top of that range, so you set a buy limit for somewhere in the bottom. Too low and the market won't drop and you won't get the deal, top high and you won't have bought as cheap as you could. Then you wait and as soon as the market hits the price you have set, your buy is triggered. Of course I've just explained all this and then realised that you probably have all this on your share trading platforms so sorry. Maybe useful for someone else.
You'll need to do a bank transfer to the Kraken account in Germany and wait for it to land.. It's a bit longer than Coinbase which accepts debit card payments for small amounts. I have been longer out of my Coinbase acct though and their fees are too high so I'm over them.
Haha, you can thank me. I sold out and went for Neo in the end and chased a load of other alts for big gains, but if I'd stuck with btC and eth I'd be far better off. Learning loads about crypto every day though. I still think NEO will be huge
Always the way! I haven't really looked into NEO much (mostly as i'm not really looking to invest in anything new atm) - what's the difference between NEO and Eth? Is that the smart contracts can be written in any language?
NEO is just the Chinese version of the Ethereum platform. It's suffered this week because the Chinese government has suggested they will regulate icos on the platform, so people have panicked, but I think in the medium term the regulation will prove good at making the space safer, seeing NEO rise again
Interesting day for cryptocurrencies with the news from China re ICOs. Anyone holding neo? Eth taking a bit of a hit too...
Yeah, by banning ICOs they're effectively banned crypto as well right? Glad I cashed out 1.2 eth at £301, 31 left to sell!
No, doesn't look great at the moment for Neo. I was hoping Ethereum would be less affected by this as it wasn't as tied to China as Neo. I haven't invested a massive amount so at this point I'm tempted to wait and see how it plays out. Still looks like you will be able to make a very healthy profit on your eth given the buy price!
Well the market has taken a bit of a battering. Between JPM CEO and Chinese government we're in a proper dip at the mo! One of the Chinese exchanges has apparently voluntarily shut up shop, though the two biggest are still trading from what I have seen so hopefully everybody's wallets will be looking a bit healthier again in a few days' time. Good time to buy though I've just put a few quid into this: http://electroneum.com They're offering a 50% discount and from what I can see it looks fairly solid. They're trying to bring smartphone mining and wider adoption and if it hits it could be a good one to be on board with. Its a brand new coin as well with its own wallet instead of being token based. I'm hoping I haven't chucked my money away as I'm pretty new to this, but all the chatter seems good so here's hoping for some profit in a few months/years time. If anybody else does want to jump on referral code 728FA5 will give you an extra 1%, but please read and judge for yourselves as I am certainly no expert! Referral link
Sold 25 of my Eth this morning, bought it back 30 minutes later for 0.5 eth profit, quite liking this drop as long as it doesn't get much worse!
'$300m in cryptocurrency' accidentally lost forever due to bug https://www.theguardian.com/technology/2017/nov/08/cryptocurrency-300m-dollars-stolen-bug-ether
I have a stocks and shares (lifetime) ISA with H&L, you can now buy bitcoin and etherium trackers. They have a 0.6-1% spread which I've just learnt what it means. As one got it all set up there an want to maybe put less than 100 into cryptocurrencies, with small top is in the future would using trackers like this be a bad idea? Only issue would be when to sell. I'm looking relatively long term to just SL invest and hope in a few years I get lucky. Though I feel like everyone is doing this now....
That's interesting a tracker fund will no doubt be underwritten by the financial services compensation scheme so could be a safer way of spreading risk and protecting your investment without having to use dodgy platforms. Any details / specifics lm?
http://www.hl.co.uk/shares/shares-search-results/x/xbt-provider-ab-bitcoin-tracker-one Search xbt for a few more. There are a EUR and a "one" version for bitcoin and etherium. 3/4 you can add to an ISA, 1 you can't. I can't tell the difference between one and EUR versions. Could you explain to a layman?
Just to make it clear that I'm not a registered regulated individual so none of this can be construed as advice. Invest at your own risk. Theres 4 funds available BIT-XBTE XBT Provider AB Bitcoin Tracker EUR Currency EUR BIT-XBT XBT Provider AB Bitcoin Tracker One Currency SEK ETH.XBTE XBT Provider AB Ethereum Tracker EUR Currency EUR ETH.XBT XBT Provider AB Ethereum Tracker One Currency SEK So you're gambling on Bitcoin or Etherem. Neither are in GBP so you've got to factor in forex rates to EUR or SEK. Given the current weak Pound this is worhty of consideration. They're volatile as **** so the spreads (difference between buy & sell price) are fluctuating massively (ignore them they're worthless) so you need to buy at the right time but normally with an ETF or stock an offer is put out and you get say 15 secs to accept or reject. I would go Eur as it's probably slightly less volatile and risky than SEK given forex history. None are availabe in an ISA, Likely they don't confrom to the tax regulations so don't produce KIIDs Factor in a £12 cost to deal as well and time it right. Also theres a 0.45% amc (capped at £200 in a sipp only) in addition to that for the fund. Bitcoin has shown massive historical increases but may well be blown out. Etherum it's too early to tell might be worth a small punt. I might make a small punt on ETH.XBTE XBT within my HL SIPP.
I've had a punt on 11 units of the Etherum EUR total £283.57 lets see where this goes. Just as a note there's no underwriting on this and you have to sign all sorts of disclaimers about being financially savvy as this is classed as a complex product.
Hold on so you bought 11 ethereum @ £283 each? That's a rip-off, the price is £240 each at the moment, you'd be better off doing it yourself..
Sorry misstyped (now corrected). I bought the tracker fund. 11 units for a total of £283.57 inc charges. so Price 27.3545 EUR or 24.692907 GBP at HL f/x rate Buying though my sipp means I don't have to feck about with giving my bank details to dedicated traders. Currently showing a moderate loss of £17.15 but as £12 of that is charges it's not too bad.
I haven't bought the currency itself. Think of it as investing in a company that trades in a commodity, rather than buying the commodity itself. The tracker will follow the performance of the cuirrency but will be at a different level (won;t be 1:1). due to associated costs and charges. Obviously you get a better deal buying the currency directly but the risks to do so are higher handing bank details to someone like coinbase etc. As it's within my sipp I don't have to worry about tax either and the government has subsidised the purchase so that mitigates the risk somewhat.
Now is a fantastic time to buy BTC, crashed over £1000 over the weekend and has already recovered a decent amount (about £700ish), chances are it'll go back up to what it was before the weekend before the end of the week. Check out the 24 hour and 7d history here: https://www.coingecko.com/en/price_charts/bitcoin/gbp
I think I'm as invested as I want to be at the moment. It's volatile as anything: Only been trading for a month I would expect similar performance to the Bitcoin tracker, maybe not quite as agressive as it's later to the party The Bitcoin tracker has gone up 33% in the last month. Whilst the usual disclaimers about past and future performance need to be heeded I think the boat has well and truly been missed on this one. It's a gamble. If I lose it all so be it. If I make a killing I'll be kicking myslef I didn't invest more but such is life. I fully expect both to crash as more "offical" crypto currencies take hold. I believe the BoE is looking at it and if we get something with FSCS baking it's render everything else obsolete. It's an interesting market for a speculative punt but will need to keep on top of it to sell at the right time.