Cryptocurrencies

Discussion in 'Yellow Pages' started by Cassetti's Beard, Jun 2, 2016.

  1. wfcmoog

    wfcmoog Tinpot

    No. Is that purely for trading from/to fiat?
     
  2. Clive_ofthe_Kremlin

    Clive_ofthe_Kremlin Squad Player

    No, they're also allowing Peugeot and Volkswagen I'm hearing...
     
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  3. Aberystwyth_Hornet

    Aberystwyth_Hornet Squad Player

    Seemed to sort itself out, maybe it was just a glitch the night I'd tried
     
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  4. Diamond

    Diamond Squad Player

    So what's the best way to get into crypto in 2020? Do you just need a Kraken account to do everything?
     
  5. reids

    reids Squad Player

    Kraken or Coinbase is the easiest, (coinbase is easier but have higher fees). I've recently started doing it through Revolut where the fees are also pretty low, but is really easy to use. The downside is you can't actually move your coins anywhere though - but i'm only buying them as an investment so not too fussed that all I can do with them is buy/sell.
     
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  6. wfcSinatra

    wfcSinatra Predictor Choker 14/15

    Strap in. It's flying!
     
  7. wfcmoog

    wfcmoog Tinpot

    Bitcoin heading back towards 2017 ATH levels.

    Glad I'm holding this time, instead of all the sh1tcoins I got sucked into in that boom era.
     
    reids likes this.
  8. Arakel

    Arakel First Team

    Bitcoin is dead m8.
     
  9. reids

    reids Squad Player

    I gave up with my remaining crypto back in January as the price had been pretty stagnant for ages. Luckily I didn't do anything with that money, so in March/April with the markets tanking due to Covid thought it was a great time to get back involved so stuck a tenner each into BTC + Eth every week, practically doubled my money now!
     
  10. Arakel

    Arakel First Team

    Remember when Clive posted a thread about Bitcoin "dying on its arse"? I think that was about when it hit rock bottom, in the 1500 range.

    I took that as my signal to buy... and now I get to classify it as capital gains when I sell because I held it for over a year, so only around a 20% tax rate. :)
     
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  11. Teide1

    Teide1 Squad Player

    Might be worth looking at xeth I have invested in it, you get rebases but only positive no negative rebases, from Sunday they are changing to dynamic peg, gone up nearly 80% today but still has a very long way to go, it’s 78 cents now has been as high at 14.5 dollars, will go up this weekend for sure! Dyor if you make anything send me a pm and say thanks! Any questions pm me!
     
  12. Jumbolina

    Jumbolina First Team

    <previous holds when it was going to 500k ignored>
     
  13. wfcmoog

    wfcmoog Tinpot

    For me that was obvious buy time. I didnt have cash at that time though, as I was changing careers and things were tight.

    I kept about a small amount in though. I learned a lot from 2017. If I hadn't got dazzled by shitcoins which promised 100x massive gains against the risk of going to zero, which they did, then I'd have been well up.

    You have to make mistakes to learn from them though.
     
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  14. wfcmoog

    wfcmoog Tinpot

    When you buy an asset for 1500 and 3 years later it's worth 19000, then that's pretty decent in anyone's book.
     
  15. reids

    reids Squad Player

    One of my friends had done the same, spent loads on Tron etc and is still holding those bags in the hope they go back up. I've been on at him to suck up the losses and just consolidate them into BTC/Eth as the chance of BTC/Eth making up for his 80%+ losses is far greater than those tokens/shitcoins reaching their heights of 2017/2018. I reminded him a month ago and he still hasn't done it, whilst BTC is up 50% in that month. :rolleyes:
     
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  16. wfcmoog

    wfcmoog Tinpot

    Yeah. When I started looking at Crypto, I felt like I had missed the BTC boat. I was looking for the 'next big thing.'
    Whilst the market in 2017 was so volatile, you could see some coins and tokens go 100x, it looked like there was a get rich quick scheme around the next corner, but most of that was pure puffery. None of it lasted. Btc is the only one with any adoption, regardless of the tech in some of the few decent other coins.

    Most of the people behind the projects are scammers. As soon as it becomes easier to just take the money, they're gone.

    Hard lessons learned, but fortunately I didn't end up losing anything overall.
     
  17. reids

    reids Squad Player

    Yeah, I missed the boat on BTC as well but luckily was an early adopter of Eth (think I accumulated 40 eth in total at between £5-£25ish each - in hindsight I wish I bought more but it becomes harder to pay £30, £40, £50 for something that you used to be able to pay £5 for!) but still did the same as you, I was kinda strict about what I invested in but still got burnt a fair few times. Even part of a lawsuit for one of the scams (Envion) that I should hopefully see some money back from (since apparently the funds have been held still and haven't been spent), but sticking to a 50/50 split between eth + btc this time round.
     
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