Cryptocurrencies

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

  1. reids

    reids First Team

    Mine are still slowly ticking along, made 2.7 HNT from one and 1.42 HNT from the other last month, not incredible returns (especially since the price of HNT, along with every other coin has fallen) but decent enough passive income if you have somewhere decent to put it!
     
    a19tgg likes this.
  2. a19tgg

    a19tgg First Team

    What are you doing with the HNT, just forgetting about it and accumulating it or converting it into something else?

    My initial thought was just to forget about it and let it gradually accumulate.

    As well as my house I’ve got a few other options as to where to put it amongst family members houses. so I’m going to try and work out what’s best.
     
  3. reids

    reids First Team

    My plan was to sell 30% of what I made each month to get back some of the outlay which I did for a few months, but with prices as they are atm I'm just accumulating at the moment.
     
  4. a19tgg

    a19tgg First Team

    Yeah I think that’s what I’ll do, I think realistically with prices what they are it won’t be worth doing anything else with it. I bought it in November when prices were sky high, so I sold off some LRC I had to buy the ETH (or whatever they wanted paying in) that was massively up at the time so essentially it’s cost me nothing from that point of view, considering what the equivalent LRC is worth now if I’d kept it.
     
  5. Heidar

    Heidar Squad Player

    Man, just checked on a few solid projects that I cut losses on early. Moonriver, for one, was at $400 in November, now trading at $29. Can't get more bear than that.
     
  6. reids

    reids First Team

    My general rule of thumb is anything with Moon in the name is a project to avoid!
     
    Heidar likes this.
  7. Arakel

    Arakel First Team

    I'm sure we could have a productive conversation about words in names to avoid... :D
     
  8. Heidar

    Heidar Squad Player

    Indeed. Quite incredible what's happening with Luna.

    This is why Bitcoin is king and altcoins are insanely risky.
     
  9. a19tgg

    a19tgg First Team

    Pretty chuffed I told my MIL not to buy BTC at the ATH on the advice of someone she knows on Facebook.
     
  10. Heidar

    Heidar Squad Player

    If you're willing to risk losing a fiver, you could pick up a few Luna tokens this morning. $100 to $2 in the blink of an eye.
     
  11. Heidar

    Heidar Squad Player

    Most likely you'll lose the fiver.

    Big crash now - I wouldn't call it a buying opportunity yet either. Any lower and last summer's support is lost. 200 week sits nearer the 20k mark and nothing in between stopping it. Altcoins will be slaughtered.

    Pretty horrific time for all types of investment. Inflation hedge? Yes. Hyperinflation hedge? Doesn't appear to be...
     
  12. cyaninternetdog

    cyaninternetdog Forum Hippie

    Good luck to anyone holding through all this. It isnt a loss until you sell!
     
    Heidar likes this.
  13. Arakel

    Arakel First Team

    1.5c at the moment. RIP fiver!
     
    Heidar likes this.
  14. Heidar

    Heidar Squad Player

    Haha, as soon as Binance announced that futures would close at 0.005, I kept an eye on it. Bought a tenner at 0.003 and just sold at 0.02. dinner sorted.
     
    Arakel likes this.
  15. Heidar

    Heidar Squad Player

    Yeah echo that. Yesterday was pretty tough going.

    I think this is the watershed moment for crypto. Most alts will never recover to ATH. Many will disappear entirely. If the second largest DeFi can go to zero and the third largest stablecoin with it then there are massive lessons to be learned. I think regulations will have to come in after this "Lehman Brothers" event for Luna and UST.

    Holding is fine but when I look at things like EOS - sometimes cutting losses and switching to BTC/ETH is the way to go - and of course cash is king during a bear market.
     
  16. cyaninternetdog

    cyaninternetdog Forum Hippie

    The Wall Street big boys are involved in it all, you would have to be crazy to think otherwise. I just see the elite making big money grabs all over the place. They wont suffer in the event of a crash that they caused.
     
    Heidar likes this.
  17. Bonkingbob

    Bonkingbob First Year Pro

    Found a stealth launch free NFT project if anybody is interested. No idea what they are proposing for utility but no harm in keeping an eye IMO https://discord.gg/pVkFvW9G
     
  18. reids

    reids First Team

    Some lucky ****er won $35 yesterday holding just 27p worth of BSCWIN! Not won anything here yet, have noticed there's an increase in large holdings (100k+ tokens)
     
  19. Arakel

    Arakel First Team

    Wow, that's some luck!
     
  20. reids

    reids First Team

  21. a19tgg

    a19tgg First Team

    I actually saw that because I won the one two draws after it so, happened to be looking at the last 10 winners list. That’s some return for them.

    Sorry meant to quote Reids but it doesn’t matter.

    I stumbled across something on twitter the other day where they were talking about future plans and one of them was to make staking a requirement for being eligible for the lottery. I don’t know how far away that is but it would help increase your odds of winning assuming you’re happy to stake, which I definitely would be.
     
  22. a19tgg

    a19tgg First Team

    Finally got my Bobcat miner, had it set up a week and earned about 0.14 HNT which would work out about one per month. There is one in the next hex to me that has earned over $70 worth in the last 30 days, but I notice their antenna height is 12m so they must have a decent setup, they’ve witnessed stuff up to 30km away. Furthest I’ve witnessed so far is 7.2km away.

    Reckon once I’ve earned $10 worth (cost to move hex) I’m going to move it to my parents as I’m in a terraced house so there isn’t a lot I can do to get it up much higher where I am. My parents are in a semi with a flat roof on the side so it would be pretty easy to get an upgraded antenna up the side of the house that would clear the roofline.
     
    reids likes this.
  23. reids

    reids First Team

    Mine are still trickling along (one has earned 13 HNT + the other has earned 22 HNT since December) but the token price being hit hard with the big crypto crash this month (and some network issues with Helium itself) has hit a lot of the profitability - was great when it was £20-30 a token, now less than ideal when it's £8 or £9 each! Just gonna accumulate now and hope the price bounces back over the longer term.
     
    a19tgg likes this.
  24. a19tgg

    a19tgg First Team

    Yeah I think that’s my plan, invest in a better antenna and try and get it in the best place I can and just leave it and try and forget about it for as long as possible. If prices recover to any degree at some stage, and you just accumulate for a couple of years then that would be a nice little pot to be sitting on.
     
  25. Heidar

    Heidar Squad Player

    BTC continues the slide towards the 200-week.

    Economic crisis isn't even in full-swing, plenty of room for another 50% drawdown.

    Altcoins can easily see 90% from here as ETH has completely decoupled from BTC.

    300-week looks very likely this/next year. Not great from an investment point of view but as a buy opportunity it doesn't get much better.
     
  26. Arakel

    Arakel First Team

    I am relatively confident these are the first snows of the next crypto winter.
     
    Heidar likes this.
  27. hreeve3

    hreeve3 Academy Graduate

    Been buying little and often. Surely we must be hovering near the bottom. Seeing a $10k BTC would be crazy.
     
    Heidar likes this.
  28. Heidar

    Heidar Squad Player

    Wouldn't surprise me if there was a wick to it. Luna/UST/Anchor won't be the last to drop out of existence - fully expect Tron TRX to follow suit. Waiting for someone to shout "recession". We're looking at another 2008 - which was why Bitcoin was developed in the first place!
     
  29. reids

    reids First Team

    I saw something the other day that said we'd lost 18% of global wealth since January - we lost 14% during 2008 so pretty sure we're already there! Just gonna keep doing what I've been doing for the past 2 years, buying the same amount in fiat each month to DCA.
     
    Heidar likes this.
  30. Arakel

    Arakel First Team

    Going to be interesting to see how this plays out. There is already a significant staff shortage in most industries, with many companies struggling for employees.

    This means the usual starting move, layoffs, isn't quite as obvious of an opener. Especially so given the global supply chain shortages; so many industries are playing catch-up.
     
    cyaninternetdog and Heidar like this.
  31. Heidar

    Heidar Squad Player

    Office downsizing or getting rid of the office altogether is a solution that most companies refuse to acknowledge.

    We have the technology but people like to see their little empire in a box with a coffee machine that doesn't ****ing work.
     
  32. Arakel

    Arakel First Team

    Honestly blows my mind how many companies have yet to realise the cost savings of not having to maintain, heat and run an office for all their employees.

    A small subset need to be on-site in most cases.
     
  33. UEA_Hornet

    UEA_Hornet First Team Captain

    The government worked it out years back and flogged loads of office space to cut public sector costs. Naturally, Boris has come along with Rees Mogg in tow insisting everyone gets back to the office when any fool knows it’s physically impossible.
     
    Arakel likes this.
  34. Arakel

    Arakel First Team

    Didn't actually know that (the former bit, not the latter part about incompetent liars). A very sensible approach.
     
  35. Heidar

    Heidar Squad Player

    20k broken. ETH down to 3-digits. Historical bottom of 300-week only a couple of thousand away. Winter is surprisingly warm at least!
     

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