Crypto currency

A forum for all things Cardiff City

Re: Crypto currency

Postby Bluebina » Tue Nov 24, 2020 9:08 am

JasonFowler1991 wrote:
Bluebina wrote:
JasonFowler1991 wrote:
Bluebina wrote:
JasonFowler1991 wrote:
Bluebina wrote:
JasonFowler1991 wrote:A lot of very uninformed people are speaking up in this forum.

Blockchain technology, as well as crypto currencies are the future. This is why JP Morgan, and many serious investors are starting to move their assets to Bitcoin in the hundreds of millions. Another cryptocurrency called XRP, Ripple, is also already being adopted by most major banks and it is likely they'll use the XRP token in order to process international transactions.

It is true that not all cryptocurrencies are valuable. A lot of them serve no purpose and I'd avoid them. Serious ones to keep an eye on though would be Bitcoin, Etherium, Ripple, Chainlink, Polkadot, Cardano and Vechain - there are more but these are the ones I generally invest in.

The only people losing money on crypto currencies, especially bitcoin, are those who join the market to try and make a quick buck, like in 2017. Those of us who have been in the market for years have been making healthy profits, which would be impossible in any other market.

Someone above said if you invest now in Etherium you will lose money. My answer to that: bullshit ;) Its up over 500% for the year.

P.S I am not a financial adviser but I would seriously encourage everyone to start doing proper research, as this is an opportunity you will not get again to make such easy money.


As I said, some people further up the chain who invested years ago would love to encourage people to jump on it now and increase the value of their share, while the people who jump on lose their money.


An investment of 100GBP of Etherium in January 2020 would now be worth over 500GBP. It's not just those who invested early that are making profits. The only people who would be at a loss are those who joined during the bull run of 2017, which was followed by a major correction due to the FOMO. Anyone who was involved before, or after that period will mostly be in profit.

Wall Street and major companies (PayPal) are now on board too, which will see the price continue to rise. I am sure there will be corrections along the way though. Again, I am not encouraging anyone to buy but to do their own research.


Casino's and racecourses always have a few people who've had a good win, but generally are littered with losers.

I think one day there may be a currency that will work, maybe from someone like Paypal, but until that day it's just a form of gambling.


You can already purchase with Bitcoin and other currencies via Paypal. Currently only available in the US but it will become global next year. Link: https://www.bbc.com/news/technology-54630283


THE ARTICLE YOU LINKED SAYS IT'S GAMBLING.

Penny stocks'
Cryptocurrencies have remained a niche payment method, partly down to the rapid change in prices they can experience compared with traditional state-backed currencies. That has made them popular among some types of investors.

PayPal said it was aiming "to increase consumer understanding and adoption of cryptocurrency".

"As part of this offering, PayPal will provide account holders with educational content to help them understand the cryptocurrency ecosystem," it said.

But David Gerard, author of Attack of the 50 Foot Blockchain and the forthcoming Libra Shrugged: How Facebook Tried to Take Over the Money, said PayPal was describing "a crypto day-trading market".

"I'm at a loss as to who the market is for PayPal as a crypto-exchange," he said.

He likened it to playing the stock market, but with Bitcoin - whose volatile and less well-regulated nature was like "gambling on penny stocks".

"Have a flutter, drop $10 on it, you'll learn things you wouldn't learn any other way - but you are gambling," he warned.

He said there were "a lot of big players who manipulate the price", and ordinary people risked losing their money.

"I don't expect much of a market for this beyond existing crypto holders... I'm baffled that PayPal would offer this, and it's not clear what they're trying to do here," he said.

"There must be someone at PayPal who is very interested in cryptocurrencies," he added.



Buying and selling any stock is gambling. What is your point? The CEO of PayPal was on national TV today, telling you the future. Its up to you whether or not you are open minded enough to listen.

https://twitter.com/binance/status/1330936061875380224



If you buy a share in Amazon, you know what you've got, you've invested in a company, if the company does well it pays you a share in the profits (dividend income), you could also see the value of the shares rise, you can see what you are buying and make a choice based on research.

If you buy and investment fund, you are doing the same, but also have backing from the FCA, they are government-backed and FSCS protected.

If you buy a house, you know what you've got if it's in a good area you could get capital growth, if you rent it out you could get rental income.

Then there is bitcoin, which is a computer currency that you can't spend anywhere with no protection, which could become worthless overnight.
Bluebina
 
Posts: 11790
Joined: Wed Dec 02, 2009 11:32 pm

Re: Crypto currency

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Re: Crypto currency

Postby JasonFowler1991 » Tue Nov 24, 2020 9:28 am

Bluebina wrote:
JasonFowler1991 wrote:
Bluebina wrote:
JasonFowler1991 wrote:
Bluebina wrote:
JasonFowler1991 wrote:
Bluebina wrote:
JasonFowler1991 wrote:A lot of very uninformed people are speaking up in this forum.

Blockchain technology, as well as crypto currencies are the future. This is why JP Morgan, and many serious investors are starting to move their assets to Bitcoin in the hundreds of millions. Another cryptocurrency called XRP, Ripple, is also already being adopted by most major banks and it is likely they'll use the XRP token in order to process international transactions.

It is true that not all cryptocurrencies are valuable. A lot of them serve no purpose and I'd avoid them. Serious ones to keep an eye on though would be Bitcoin, Etherium, Ripple, Chainlink, Polkadot, Cardano and Vechain - there are more but these are the ones I generally invest in.

The only people losing money on crypto currencies, especially bitcoin, are those who join the market to try and make a quick buck, like in 2017. Those of us who have been in the market for years have been making healthy profits, which would be impossible in any other market.

Someone above said if you invest now in Etherium you will lose money. My answer to that: bullshit ;) Its up over 500% for the year.

P.S I am not a financial adviser but I would seriously encourage everyone to start doing proper research, as this is an opportunity you will not get again to make such easy money.


As I said, some people further up the chain who invested years ago would love to encourage people to jump on it now and increase the value of their share, while the people who jump on lose their money.


An investment of 100GBP of Etherium in January 2020 would now be worth over 500GBP. It's not just those who invested early that are making profits. The only people who would be at a loss are those who joined during the bull run of 2017, which was followed by a major correction due to the FOMO. Anyone who was involved before, or after that period will mostly be in profit.

Wall Street and major companies (PayPal) are now on board too, which will see the price continue to rise. I am sure there will be corrections along the way though. Again, I am not encouraging anyone to buy but to do their own research.


Casino's and racecourses always have a few people who've had a good win, but generally are littered with losers.

I think one day there may be a currency that will work, maybe from someone like Paypal, but until that day it's just a form of gambling.


You can already purchase with Bitcoin and other currencies via Paypal. Currently only available in the US but it will become global next year. Link: https://www.bbc.com/news/technology-54630283


THE ARTICLE YOU LINKED SAYS IT'S GAMBLING.

Penny stocks'
Cryptocurrencies have remained a niche payment method, partly down to the rapid change in prices they can experience compared with traditional state-backed currencies. That has made them popular among some types of investors.

PayPal said it was aiming "to increase consumer understanding and adoption of cryptocurrency".

"As part of this offering, PayPal will provide account holders with educational content to help them understand the cryptocurrency ecosystem," it said.

But David Gerard, author of Attack of the 50 Foot Blockchain and the forthcoming Libra Shrugged: How Facebook Tried to Take Over the Money, said PayPal was describing "a crypto day-trading market".

"I'm at a loss as to who the market is for PayPal as a crypto-exchange," he said.

He likened it to playing the stock market, but with Bitcoin - whose volatile and less well-regulated nature was like "gambling on penny stocks".

"Have a flutter, drop $10 on it, you'll learn things you wouldn't learn any other way - but you are gambling," he warned.

He said there were "a lot of big players who manipulate the price", and ordinary people risked losing their money.

"I don't expect much of a market for this beyond existing crypto holders... I'm baffled that PayPal would offer this, and it's not clear what they're trying to do here," he said.

"There must be someone at PayPal who is very interested in cryptocurrencies," he added.



Buying and selling any stock is gambling. What is your point? The CEO of PayPal was on national TV today, telling you the future. Its up to you whether or not you are open minded enough to listen.

https://twitter.com/binance/status/1330936061875380224



If you buy a share in Amazon, you know what you've got, you've invested in a company, if the company does well it pays you a share in the profits (dividend income), you could also see the value of the shares rise, you can see what you are buying and make a choice based on research.

If you buy and investment fund, you are doing the same, but also have backing from the FCA, they are government-backed and FSCS protected.

If you buy a house, you know what you've got if it's in a good area you could get capital growth, if you rent it out you could get rental income.

Then there is bitcoin, which is a computer currency that you can't spend anywhere with no protection, which could become worthless overnight.


You are just proving your lack of understanding, which is why I suggest you go and do further research.

Crypto Currencies are both an asset class and a currency. Similar to Gold. You can spend them with protection on many platforms. And anything from Gold, to an Amazon stock, to almost anything can become worthless overnight. Talking about overnight though, my XRP holding went up 50% in value :thumbright:

Certain crypto currencies also allow staking, which is similar to receiving a dividends for a stock. If you leave your tokens within a stakepool, you will be rewarded with additional tokens.

Crypto Currencies are becoming more and more regulated too, which will help improve that trust.
JasonFowler1991
 
Posts: 292
Joined: Wed Jul 17, 2019 12:04 pm

Re: Crypto currency

Postby Bluebina » Tue Nov 24, 2020 9:56 am

JasonFowler1991 wrote:
Bluebina wrote:
JasonFowler1991 wrote:
Bluebina wrote:
JasonFowler1991 wrote:
Bluebina wrote:
JasonFowler1991 wrote:
Bluebina wrote:
JasonFowler1991 wrote:A lot of very uninformed people are speaking up in this forum.

Blockchain technology, as well as crypto currencies are the future. This is why JP Morgan, and many serious investors are starting to move their assets to Bitcoin in the hundreds of millions. Another cryptocurrency called XRP, Ripple, is also already being adopted by most major banks and it is likely they'll use the XRP token in order to process international transactions.

It is true that not all cryptocurrencies are valuable. A lot of them serve no purpose and I'd avoid them. Serious ones to keep an eye on though would be Bitcoin, Etherium, Ripple, Chainlink, Polkadot, Cardano and Vechain - there are more but these are the ones I generally invest in.

The only people losing money on crypto currencies, especially bitcoin, are those who join the market to try and make a quick buck, like in 2017. Those of us who have been in the market for years have been making healthy profits, which would be impossible in any other market.

Someone above said if you invest now in Etherium you will lose money. My answer to that: bullshit ;) Its up over 500% for the year.

P.S I am not a financial adviser but I would seriously encourage everyone to start doing proper research, as this is an opportunity you will not get again to make such easy money.


As I said, some people further up the chain who invested years ago would love to encourage people to jump on it now and increase the value of their share, while the people who jump on lose their money.


An investment of 100GBP of Etherium in January 2020 would now be worth over 500GBP. It's not just those who invested early that are making profits. The only people who would be at a loss are those who joined during the bull run of 2017, which was followed by a major correction due to the FOMO. Anyone who was involved before, or after that period will mostly be in profit.

Wall Street and major companies (PayPal) are now on board too, which will see the price continue to rise. I am sure there will be corrections along the way though. Again, I am not encouraging anyone to buy but to do their own research.


Casino's and racecourses always have a few people who've had a good win, but generally are littered with losers.

I think one day there may be a currency that will work, maybe from someone like Paypal, but until that day it's just a form of gambling.


You can already purchase with Bitcoin and other currencies via Paypal. Currently only available in the US but it will become global next year. Link: https://www.bbc.com/news/technology-54630283


THE ARTICLE YOU LINKED SAYS IT'S GAMBLING.

Penny stocks'
Cryptocurrencies have remained a niche payment method, partly down to the rapid change in prices they can experience compared with traditional state-backed currencies. That has made them popular among some types of investors.

PayPal said it was aiming "to increase consumer understanding and adoption of cryptocurrency".

"As part of this offering, PayPal will provide account holders with educational content to help them understand the cryptocurrency ecosystem," it said.

But David Gerard, author of Attack of the 50 Foot Blockchain and the forthcoming Libra Shrugged: How Facebook Tried to Take Over the Money, said PayPal was describing "a crypto day-trading market".

"I'm at a loss as to who the market is for PayPal as a crypto-exchange," he said.

He likened it to playing the stock market, but with Bitcoin - whose volatile and less well-regulated nature was like "gambling on penny stocks".

"Have a flutter, drop $10 on it, you'll learn things you wouldn't learn any other way - but you are gambling," he warned.

He said there were "a lot of big players who manipulate the price", and ordinary people risked losing their money.

"I don't expect much of a market for this beyond existing crypto holders... I'm baffled that PayPal would offer this, and it's not clear what they're trying to do here," he said.

"There must be someone at PayPal who is very interested in cryptocurrencies," he added.



Buying and selling any stock is gambling. What is your point? The CEO of PayPal was on national TV today, telling you the future. Its up to you whether or not you are open minded enough to listen.

https://twitter.com/binance/status/1330936061875380224



If you buy a share in Amazon, you know what you've got, you've invested in a company, if the company does well it pays you a share in the profits (dividend income), you could also see the value of the shares rise, you can see what you are buying and make a choice based on research.

If you buy and investment fund, you are doing the same, but also have backing from the FCA, they are government-backed and FSCS protected.

If you buy a house, you know what you've got if it's in a good area you could get capital growth, if you rent it out you could get rental income.

Then there is bitcoin, which is a computer currency that you can't spend anywhere with no protection, which could become worthless overnight.


You are just proving your lack of understanding, which is why I suggest you go and do further research.

Crypto Currencies are both an asset class and a currency. Similar to Gold. You can spend them with protection on many platforms. And anything from Gold, to an Amazon stock, to almost anything can become worthless overnight. Talking about overnight though, my XRP holding went up 50% in value :thumbright:

Certain crypto currencies also allow staking, which is similar to receiving a dividends for a stock. If you leave your tokens within a stakepool, you will be rewarded with additional tokens.

Crypto Currencies are becoming more and more regulated too, which will help improve that trust.


Regulated by the UK government ?
Bluebina
 
Posts: 11790
Joined: Wed Dec 02, 2009 11:32 pm

Re: Crypto currency

Postby Bluebina » Tue Nov 24, 2020 10:04 am

JasonFowler1991 wrote:
Bluebina wrote:
JasonFowler1991 wrote:
Bluebina wrote:
JasonFowler1991 wrote:
Bluebina wrote:
JasonFowler1991 wrote:
Bluebina wrote:
JasonFowler1991 wrote:A lot of very uninformed people are speaking up in this forum.

Blockchain technology, as well as crypto currencies are the future. This is why JP Morgan, and many serious investors are starting to move their assets to Bitcoin in the hundreds of millions. Another cryptocurrency called XRP, Ripple, is also already being adopted by most major banks and it is likely they'll use the XRP token in order to process international transactions.

It is true that not all cryptocurrencies are valuable. A lot of them serve no purpose and I'd avoid them. Serious ones to keep an eye on though would be Bitcoin, Etherium, Ripple, Chainlink, Polkadot, Cardano and Vechain - there are more but these are the ones I generally invest in.

The only people losing money on crypto currencies, especially bitcoin, are those who join the market to try and make a quick buck, like in 2017. Those of us who have been in the market for years have been making healthy profits, which would be impossible in any other market.

Someone above said if you invest now in Etherium you will lose money. My answer to that: bullshit ;) Its up over 500% for the year.

P.S I am not a financial adviser but I would seriously encourage everyone to start doing proper research, as this is an opportunity you will not get again to make such easy money.


As I said, some people further up the chain who invested years ago would love to encourage people to jump on it now and increase the value of their share, while the people who jump on lose their money.


An investment of 100GBP of Etherium in January 2020 would now be worth over 500GBP. It's not just those who invested early that are making profits. The only people who would be at a loss are those who joined during the bull run of 2017, which was followed by a major correction due to the FOMO. Anyone who was involved before, or after that period will mostly be in profit.

Wall Street and major companies (PayPal) are now on board too, which will see the price continue to rise. I am sure there will be corrections along the way though. Again, I am not encouraging anyone to buy but to do their own research.


Casino's and racecourses always have a few people who've had a good win, but generally are littered with losers.

I think one day there may be a currency that will work, maybe from someone like Paypal, but until that day it's just a form of gambling.


You can already purchase with Bitcoin and other currencies via Paypal. Currently only available in the US but it will become global next year. Link: https://www.bbc.com/news/technology-54630283


THE ARTICLE YOU LINKED SAYS IT'S GAMBLING.

Penny stocks'
Cryptocurrencies have remained a niche payment method, partly down to the rapid change in prices they can experience compared with traditional state-backed currencies. That has made them popular among some types of investors.

PayPal said it was aiming "to increase consumer understanding and adoption of cryptocurrency".

"As part of this offering, PayPal will provide account holders with educational content to help them understand the cryptocurrency ecosystem," it said.

But David Gerard, author of Attack of the 50 Foot Blockchain and the forthcoming Libra Shrugged: How Facebook Tried to Take Over the Money, said PayPal was describing "a crypto day-trading market".

"I'm at a loss as to who the market is for PayPal as a crypto-exchange," he said.

He likened it to playing the stock market, but with Bitcoin - whose volatile and less well-regulated nature was like "gambling on penny stocks".

"Have a flutter, drop $10 on it, you'll learn things you wouldn't learn any other way - but you are gambling," he warned.

He said there were "a lot of big players who manipulate the price", and ordinary people risked losing their money.

"I don't expect much of a market for this beyond existing crypto holders... I'm baffled that PayPal would offer this, and it's not clear what they're trying to do here," he said.

"There must be someone at PayPal who is very interested in cryptocurrencies," he added.



Buying and selling any stock is gambling. What is your point? The CEO of PayPal was on national TV today, telling you the future. Its up to you whether or not you are open minded enough to listen.

https://twitter.com/binance/status/1330936061875380224



If you buy a share in Amazon, you know what you've got, you've invested in a company, if the company does well it pays you a share in the profits (dividend income), you could also see the value of the shares rise, you can see what you are buying and make a choice based on research.

If you buy and investment fund, you are doing the same, but also have backing from the FCA, they are government-backed and FSCS protected.

If you buy a house, you know what you've got if it's in a good area you could get capital growth, if you rent it out you could get rental income.

Then there is bitcoin, which is a computer currency that you can't spend anywhere with no protection, which could become worthless overnight.


You are just proving your lack of understanding, which is why I suggest you go and do further research.

Crypto Currencies are both an asset class and a currency. Similar to Gold. You can spend them with protection on many platforms. And anything from Gold, to an Amazon stock, to almost anything can become worthless overnight. Talking about overnight though, my XRP holding went up 50% in value :thumbright:

Certain crypto currencies also allow staking, which is similar to receiving a dividends for a stock. If you leave your tokens within a stakepool, you will be rewarded with additional tokens.

Crypto Currencies are becoming more and more regulated too, which will help improve that trust.


https://cointelegraph.com/news/xrp-pric ... -goes-down

Then crashed, that looks well dodgy, good luck, you don't make any profit until you've got your money out, just looked at the graph, 2017 a lot of people thought they were doing well and then :o

That's enough research for me, I wouldn't touch any of that with a bargepole!!!
Bluebina
 
Posts: 11790
Joined: Wed Dec 02, 2009 11:32 pm

Re: Crypto currency

Postby JasonFowler1991 » Tue Nov 24, 2020 12:01 pm

Bluebina wrote:
JasonFowler1991 wrote:
Bluebina wrote:
JasonFowler1991 wrote:
Bluebina wrote:
JasonFowler1991 wrote:
Bluebina wrote:
JasonFowler1991 wrote:
Bluebina wrote:
JasonFowler1991 wrote:A lot of very uninformed people are speaking up in this forum.

Blockchain technology, as well as crypto currencies are the future. This is why JP Morgan, and many serious investors are starting to move their assets to Bitcoin in the hundreds of millions. Another cryptocurrency called XRP, Ripple, is also already being adopted by most major banks and it is likely they'll use the XRP token in order to process international transactions.

It is true that not all cryptocurrencies are valuable. A lot of them serve no purpose and I'd avoid them. Serious ones to keep an eye on though would be Bitcoin, Etherium, Ripple, Chainlink, Polkadot, Cardano and Vechain - there are more but these are the ones I generally invest in.

The only people losing money on crypto currencies, especially bitcoin, are those who join the market to try and make a quick buck, like in 2017. Those of us who have been in the market for years have been making healthy profits, which would be impossible in any other market.

Someone above said if you invest now in Etherium you will lose money. My answer to that: bullshit ;) Its up over 500% for the year.

P.S I am not a financial adviser but I would seriously encourage everyone to start doing proper research, as this is an opportunity you will not get again to make such easy money.


As I said, some people further up the chain who invested years ago would love to encourage people to jump on it now and increase the value of their share, while the people who jump on lose their money.


An investment of 100GBP of Etherium in January 2020 would now be worth over 500GBP. It's not just those who invested early that are making profits. The only people who would be at a loss are those who joined during the bull run of 2017, which was followed by a major correction due to the FOMO. Anyone who was involved before, or after that period will mostly be in profit.

Wall Street and major companies (PayPal) are now on board too, which will see the price continue to rise. I am sure there will be corrections along the way though. Again, I am not encouraging anyone to buy but to do their own research.


Casino's and racecourses always have a few people who've had a good win, but generally are littered with losers.

I think one day there may be a currency that will work, maybe from someone like Paypal, but until that day it's just a form of gambling.


You can already purchase with Bitcoin and other currencies via Paypal. Currently only available in the US but it will become global next year. Link: https://www.bbc.com/news/technology-54630283


THE ARTICLE YOU LINKED SAYS IT'S GAMBLING.

Penny stocks'
Cryptocurrencies have remained a niche payment method, partly down to the rapid change in prices they can experience compared with traditional state-backed currencies. That has made them popular among some types of investors.

PayPal said it was aiming "to increase consumer understanding and adoption of cryptocurrency".

"As part of this offering, PayPal will provide account holders with educational content to help them understand the cryptocurrency ecosystem," it said.

But David Gerard, author of Attack of the 50 Foot Blockchain and the forthcoming Libra Shrugged: How Facebook Tried to Take Over the Money, said PayPal was describing "a crypto day-trading market".

"I'm at a loss as to who the market is for PayPal as a crypto-exchange," he said.

He likened it to playing the stock market, but with Bitcoin - whose volatile and less well-regulated nature was like "gambling on penny stocks".

"Have a flutter, drop $10 on it, you'll learn things you wouldn't learn any other way - but you are gambling," he warned.

He said there were "a lot of big players who manipulate the price", and ordinary people risked losing their money.

"I don't expect much of a market for this beyond existing crypto holders... I'm baffled that PayPal would offer this, and it's not clear what they're trying to do here," he said.

"There must be someone at PayPal who is very interested in cryptocurrencies," he added.



Buying and selling any stock is gambling. What is your point? The CEO of PayPal was on national TV today, telling you the future. Its up to you whether or not you are open minded enough to listen.

https://twitter.com/binance/status/1330936061875380224



If you buy a share in Amazon, you know what you've got, you've invested in a company, if the company does well it pays you a share in the profits (dividend income), you could also see the value of the shares rise, you can see what you are buying and make a choice based on research.

If you buy and investment fund, you are doing the same, but also have backing from the FCA, they are government-backed and FSCS protected.

If you buy a house, you know what you've got if it's in a good area you could get capital growth, if you rent it out you could get rental income.

Then there is bitcoin, which is a computer currency that you can't spend anywhere with no protection, which could become worthless overnight.


You are just proving your lack of understanding, which is why I suggest you go and do further research.

Crypto Currencies are both an asset class and a currency. Similar to Gold. You can spend them with protection on many platforms. And anything from Gold, to an Amazon stock, to almost anything can become worthless overnight. Talking about overnight though, my XRP holding went up 50% in value :thumbright:

Certain crypto currencies also allow staking, which is similar to receiving a dividends for a stock. If you leave your tokens within a stakepool, you will be rewarded with additional tokens.

Crypto Currencies are becoming more and more regulated too, which will help improve that trust.


https://cointelegraph.com/news/xrp-pric ... -goes-down

Then crashed, that looks well dodgy, good luck, you don't make any profit until you've got your money out, just looked at the graph, 2017 a lot of people thought they were doing well and then :o

That's enough research for me, I wouldn't touch any of that with a bargepole!!!


Thats fair and I respect we have different opinions. Just for context though, Tesla stock prices have also dipped 21%, 19% and 18% previously, and that is still a very good investment.
JasonFowler1991
 
Posts: 292
Joined: Wed Jul 17, 2019 12:04 pm

Re: Crypto currency

Postby oohahhPaulMillar » Wed Nov 25, 2020 12:36 am

Can somebody actually explain in very, very plain English using small words what exactly a Bitcoin is

Also, who first invented them and why did anybody first buy them??

Did the original inventor make as lot of money selling something that wasn’t there??

As far as I understand it Bitcoin is something you can mine for but doesn’t actually exist. You can buy them but can’t see them. You can keep them in wallets which people can hack into and steel them even though they can’t see them

You can only buy or sell these things that you can’t see through unlicensed traders who are not regulated and might steel your Bitcoin without you even knowing and if you lose them or they are stolen you can never get them back and the police won’t help you

I’m a bit confused and need help to understand, somebody..anybody out there that can help??
oohahhPaulMillar
 
Posts: 2061
Joined: Sat Jan 03, 2015 1:18 am

Re: Crypto currency

Postby Welshman in CA » Wed Nov 25, 2020 1:23 am

oohahhPaulMillar wrote:Can somebody actually explain in very, very plain English using small words what exactly a Bitcoin is


No
Welshman in CA
 
Posts: 798
Joined: Wed Oct 09, 2013 7:10 pm

Re: Crypto currency

Postby oohahhPaulMillar » Wed Nov 25, 2020 1:57 am

Welshman in CA wrote:
oohahhPaulMillar wrote:Can somebody actually explain in very, very plain English using small words what exactly a Bitcoin is


No


That made me giggle... good answer young man
oohahhPaulMillar
 
Posts: 2061
Joined: Sat Jan 03, 2015 1:18 am

Re: Crypto currency

Postby Bluebina » Wed Nov 25, 2020 7:52 am

oohahhPaulMillar wrote:Can somebody actually explain in very, very plain English using small words what exactly a Bitcoin is

Also, who first invented them and why did anybody first buy them??

Did the original inventor make as lot of money selling something that wasn’t there??

As far as I understand it Bitcoin is something you can mine for but doesn’t actually exist. You can buy them but can’t see them. You can keep them in wallets which people can hack into and steel them even though they can’t see them

You can only buy or sell these things that you can’t see through unlicensed traders who are not regulated and might steel your Bitcoin without you even knowing and if you lose them or they are stolen you can never get them back and the police won’t help you

I’m a bit confused and need help to understand, somebody..anybody out there that can help??


I can't either, that's why I would never put any money it to them :thumbup:
Bluebina
 
Posts: 11790
Joined: Wed Dec 02, 2009 11:32 pm

Re: Crypto currency

Postby Welshman in CA » Wed Nov 25, 2020 3:50 pm

If you're interested in the who, why and how it started this is an interesting & good read, "Digital Gold by Nathaniel Popper" and it stays away from the buy/don't buy argument as far as I can remember.

Another good read alongside that is "American Kingpin by Nick Bilton". This is about the hunt for as well as the why, what etc about the Silk Road" which if you read between the lines inadvertently helped bitcoin become more widely used and its price to rise.
Welshman in CA
 
Posts: 798
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Re: Crypto currency

Postby Einstein » Wed Nov 25, 2020 9:55 pm

Funny how people are quoting funds as being regulated, speak to investors in Neil Woodfords fund... How about Northern Rock, Debenhams, Barings etc
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Re: Crypto currency

Postby oohahhPaulMillar » Wed Nov 25, 2020 10:17 pm

Einstein wrote:Funny how people are quoting funds as being regulated, speak to investors in Neil Woodfords fund... How about Northern Rock, Debenhams, Barings etc


All the above were regulated but just spectacularly badly managed
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Re: Crypto currency

Postby oohahhPaulMillar » Wed Nov 25, 2020 10:19 pm

Welshman in CA wrote:If you're interested in the who, why and how it started this is an interesting & good read, "Digital Gold by Nathaniel Popper" and it stays away from the buy/don't buy argument as far as I can remember.

Another good read alongside that is "American Kingpin by Nick Bilton". This is about the hunt for as well as the why, what etc about the Silk Road" which if you read between the lines inadvertently helped bitcoin become more widely used and its price to rise.


Any chance somebody could just summarise all the above in a couple of paragraphs??
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Re: Crypto currency

Postby Blue IFA » Sat Nov 28, 2020 1:01 pm

Hi

I'm an Independent Financial Adviser with circa 20 years experience and long term Cardiff supporter.

I read this board most days and felt the need to register and post my views on Crypto Currency.

Crypto currency is extremely risky and should only be invested into if you are willing to risk losing all of your money.

Currently it is unregulated and open to all kind of fraud and money laundering from organised crime etc.

I personally steer well clear and won't consider investing until it becomes regulated.

The most important part of investing is to diversify and not put all of your eggs on one basket. In addition, it is about the length of time you invest for, not trying to time the market.

If you really want to have the potential for high longer term returns, there are various equity based funds with double digit returns this year alone.

Eg. Some global equity funds have shown 20-30% growth over the past 12 months.

There is also risk with this type of investment, however these are regulated funds which are diversified over a wide range of companies, regions and sectors.

I suggest looking on Hargreaves Lansdown, they have great research tools and allow you to invest small or large amounts of money.

If you are willing to take higher levels of risk you could consider direct share holdings, do some research try to buy at a good price and hold for the long term.

Eg I was lucky with timing and bought some Halford shares during the 1st lockdown, which have grown by 144%. I'm planning to keep for the long term, however it is nice to get a good initial boost.

Hope this had been helpful!
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Re: Crypto currency

Postby JasonFowler1991 » Mon Nov 30, 2020 9:11 am

Dont reject the revolution out of fear or lack of knowledge, educate yourself and become a part of it :bluescarf:

https://www.bloomberg.com/opinion/artic ... revolution
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Re: Crypto currency

Postby Pembroke bluebird » Mon Nov 30, 2020 1:21 pm

Ethereum has being flying last 48 hours
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Re: Crypto currency

Postby Bluebina » Wed Apr 21, 2021 12:57 pm

Pembroke bluebird wrote:I’m having a dabble putting £500 into ethereum anyone else investing and can pass on any advice and tips would be nice to hear
What I have learned very quickly is how volatile it is rising and falling very quickly



How are you getting on with it?
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Re: Crypto currency

Postby Bluebina » Wed Apr 21, 2021 12:58 pm

Bluebina wrote:
Pembroke bluebird wrote:I’m having a dabble putting £500 into ethereum anyone else investing and can pass on any advice and tips would be nice to hear
What I have learned very quickly is how volatile it is rising and falling very quickly


Very volatile, almost like a pyramid sales system, some make money from the many that lose theirs, probably better putting it on City going up, it’s possible but highly unlikely that you’ll make any money from either.

Good luck though, I hope you do let us know how you get on :thumbup:


Hopefully no one did this :laughing6:
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Re: Crypto currency

Postby Bluebina » Wed Apr 21, 2021 1:10 pm

Einstein wrote:Funny how people are quoting funds as being regulated, speak to investors in Neil Woodfords fund... How about Northern Rock, Debenhams, Barings etc



Northern rock, Debenhams and Bearings weren't funds.

Neil Woodfords funds were shocking, but that's quite rare and I'd never invest in a rubbish fund, the research is very easy for funds as they are regulated and have to provide fact sheets.
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Re: Crypto currency

Postby Pembroke bluebird » Thu Apr 22, 2021 5:57 am

Bluebina wrote:
Pembroke bluebird wrote:I’m having a dabble putting £500 into ethereum anyone else investing and can pass on any advice and tips would be nice to hear
What I have learned very quickly is how volatile it is rising and falling very quickly



How are you getting on with it?

Invested approx £3500 of my own money spread out over ethereum utrust helium polka dot and my best one Enjin coin
Approximately a month ago withdrew £3000
Portfolio this morning stands at £9105
At one stage it went over £11000 last weekend it took a nosedive but has recovered in the last couple of days though as I have stated VERY volatile I’ve been known to increase £1000 in a 24 hour period and decrease last weekend by almost £2000
I’ve stopped putting more in and just keeping tabs on what I’ve got mate :thumbup:
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Re: Crypto currency

Postby Bluebina » Thu Apr 22, 2021 9:04 am

Pembroke bluebird wrote:
Bluebina wrote:
Pembroke bluebird wrote:I’m having a dabble putting £500 into ethereum anyone else investing and can pass on any advice and tips would be nice to hear
What I have learned very quickly is how volatile it is rising and falling very quickly



How are you getting on with it?

Invested approx £3500 of my own money spread out over ethereum utrust helium polka dot and my best one Enjin coin
Approximately a month ago withdrew £3000
Portfolio this morning stands at £9105
At one stage it went over £11000 last weekend it took a nosedive but has recovered in the last couple of days though as I have stated VERY volatile I’ve been known to increase £1000 in a 24 hour period and decrease last weekend by almost £2000
I’ve stopped putting more in and just keeping tabs on what I’ve got mate :thumbup:



It was definitely a gamble, but has paid off for you, well done great news :thumbup: Keep us updated, it is interesting even if I don't understand or trust it.

I keep expecting them to crash, but it's still growing at a ridiculous rate ?
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Re: Crypto currency

Postby Pembroke bluebird » Thu Apr 22, 2021 4:06 pm

Bluebina wrote:
Pembroke bluebird wrote:
Bluebina wrote:
Pembroke bluebird wrote:I’m having a dabble putting £500 into ethereum anyone else investing and can pass on any advice and tips would be nice to hear
What I have learned very quickly is how volatile it is rising and falling very quickly



How are you getting on with it?

Invested approx £3500 of my own money spread out over ethereum utrust helium polka dot and my best one Enjin coin
Approximately a month ago withdrew £3000
Portfolio this morning stands at £9105
At one stage it went over £11000 last weekend it took a nosedive but has recovered in the last couple of days though as I have stated VERY volatile I’ve been known to increase £1000 in a 24 hour period and decrease last weekend by almost £2000
I’ve stopped putting more in and just keeping tabs on what I’ve got mate :thumbup:



It was definitely a gamble, but has paid off for you, well done great news :thumbup: Keep us updated, it is interesting even if I don't understand or trust it.

I keep expecting them to crash, but it's still growing at a ridiculous rate ?

Cheers mate :thumbup: I’ll try to give updates
Can I just say put some money on ETHEREUM sit back take the knocks leave it long term and ;) :thumbup:
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Re: Crypto currency

Postby Bluebina » Fri Apr 23, 2021 7:37 am

Pembroke bluebird wrote:
Bluebina wrote:
Pembroke bluebird wrote:
Bluebina wrote:
Pembroke bluebird wrote:I’m having a dabble putting £500 into ethereum anyone else investing and can pass on any advice and tips would be nice to hear
What I have learned very quickly is how volatile it is rising and falling very quickly



How are you getting on with it?

Invested approx £3500 of my own money spread out over ethereum utrust helium polka dot and my best one Enjin coin
Approximately a month ago withdrew £3000
Portfolio this morning stands at £9105
At one stage it went over £11000 last weekend it took a nosedive but has recovered in the last couple of days though as I have stated VERY volatile I’ve been known to increase £1000 in a 24 hour period and decrease last weekend by almost £2000
I’ve stopped putting more in and just keeping tabs on what I’ve got mate :thumbup:



It was definitely a gamble, but has paid off for you, well done great news :thumbup: Keep us updated, it is interesting even if I don't understand or trust it.

I keep expecting them to crash, but it's still growing at a ridiculous rate ?

Cheers mate :thumbup: I’ll try to give updates
Can I just say put some money on ETHEREUM sit back take the knocks leave it long term and ;) :thumbup:


I may take a small punt, even if just to learn how it works :thumbup:

Scottish mortgage trust are investing in the one of the wallet providers, that James Anderson doesn't get much wrong!
https://portfolio-adviser.com/scottish- ... eak1GpxChw

That's not bitcoin itself but he must think there is money to be made in and around bitcoin sellers.
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Re: Crypto currency

Postby Pembroke bluebird » Mon May 03, 2021 6:18 am

Bluebina wrote:
Pembroke bluebird wrote:
Bluebina wrote:
Pembroke bluebird wrote:
Bluebina wrote:
Pembroke bluebird wrote:I’m having a dabble putting £500 into ethereum anyone else investing and can pass on any advice and tips would be nice to hear
What I have learned very quickly is how volatile it is rising and falling very quickly



How are you getting on with it?

Invested approx £3500 of my own money spread out over ethereum utrust helium polka dot and my best one Enjin coin
Approximately a month ago withdrew £3000
Portfolio this morning stands at £9105
At one stage it went over £11000 last weekend it took a nosedive but has recovered in the last couple of days though as I have stated VERY volatile I’ve been known to increase £1000 in a 24 hour period and decrease last weekend by almost £2000
I’ve stopped putting more in and just keeping tabs on what I’ve got mate :thumbup:



It was definitely a gamble, but has paid off for you, well done great news :thumbup: Keep us updated, it is interesting even if I don't understand or trust it.

I keep expecting them to crash, but it's still growing at a ridiculous rate ?

Cheers mate :thumbup: I’ll try to give updates
Can I just say put some money on ETHEREUM sit back take the knocks leave it long term and ;) :thumbup:


I may take a small punt, even if just to learn how it works :thumbup:

Scottish mortgage trust are investing in the one of the wallet providers, that James Anderson doesn't get much wrong!
https://portfolio-adviser.com/scottish- ... eak1GpxChw

That's not bitcoin itself but he must think there is money to be made in and around bitcoin sellers.

Update for you mate this morning my portfolio stands at £12091 and still rising hoping you got some money on it :thumbup:
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Re: Crypto currency

Postby welshrarebit » Mon May 03, 2021 8:53 am

HODL!

I’ve got a few coins, some of which I’m getting 10% apy on. They are stable coins pegged to the dollar so less volatility.

My polygon coin is up 50% and that’s being staked for 16% apy.
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Re: Crypto currency

Postby Taff on the Mersey » Mon May 03, 2021 10:09 pm

JasonFowler1991 wrote:A lot of very uninformed people are speaking up in this forum.

Blockchain technology, as well as crypto currencies are the future. This is why JP Morgan, and many serious investors are starting to move their assets to Bitcoin in the hundreds of millions. Another cryptocurrency called XRP, Ripple, is also already being adopted by most major banks and it is likely they'll use the XRP token in order to process international transactions.

It is true that not all cryptocurrencies are valuable. A lot of them serve no purpose and I'd avoid them. Serious ones to keep an eye on though would be Bitcoin, Etherium, Ripple, Chainlink, Polkadot, Cardano and Vechain - there are more but these are the ones I generally invest in.

The only people losing money on crypto currencies, especially bitcoin, are those who join the market to try and make a quick buck, like in 2017. Those of us who have been in the market for years have been making healthy profits, which would be impossible in any other market.

Someone above said if you invest now in Etherium you will lose money. My answer to that: bullshit ;) Its up over 500% for the year.

P.S I am not a financial adviser but I would seriously encourage everyone to start doing proper research, as this is an opportunity you will not get again to make such easy money.



Agreed. A friend educated me on it a few years ago so I thought I’d put £200 in with his guidance. 4 years later I have a binance account and have taken 6k out with 10,930 still in. My investments are VEchain and XRP. The latter is due to explode! The key for me, invest sensibly and often....I now put £50 in a month and always at the cheapest point. I have now invested £1,800 in total.
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Re: Crypto currency

Postby nubbsy » Tue May 04, 2021 9:59 am

My mate in work just made 100k last week. Its the real deal for sure.

I put my first 200 down about a month ago on MATIC and I'm upto about 700 already.
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Re: Crypto currency

Postby nubbsy » Tue May 04, 2021 10:02 am

Taff on the Mersey wrote:
JasonFowler1991 wrote:A lot of very uninformed people are speaking up in this forum.

Blockchain technology, as well as crypto currencies are the future. This is why JP Morgan, and many serious investors are starting to move their assets to Bitcoin in the hundreds of millions. Another cryptocurrency called XRP, Ripple, is also already being adopted by most major banks and it is likely they'll use the XRP token in order to process international transactions.

It is true that not all cryptocurrencies are valuable. A lot of them serve no purpose and I'd avoid them. Serious ones to keep an eye on though would be Bitcoin, Etherium, Ripple, Chainlink, Polkadot, Cardano and Vechain - there are more but these are the ones I generally invest in.

The only people losing money on crypto currencies, especially bitcoin, are those who join the market to try and make a quick buck, like in 2017. Those of us who have been in the market for years have been making healthy profits, which would be impossible in any other market.

Someone above said if you invest now in Etherium you will lose money. My answer to that: bullshit ;) Its up over 500% for the year.

P.S I am not a financial adviser but I would seriously encourage everyone to start doing proper research, as this is an opportunity you will not get again to make such easy money.



Agreed. A friend educated me on it a few years ago so I thought I’d put £200 in with his guidance. 4 years later I have a binance account and have taken 6k out with 10,930 still in. My investments are VEchain and XRP. The latter is due to explode! The key for me, invest sensibly and often....I now put £50 in a month and always at the cheapest point. I have now invested £1,800 in total.



Do you always put the 50 into the same coins each month or do you spread the investments out?
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Re: Crypto currency

Postby Bluebina » Tue May 04, 2021 10:47 am

Pembroke bluebird wrote:
Bluebina wrote:
Pembroke bluebird wrote:
Bluebina wrote:
Pembroke bluebird wrote:
Bluebina wrote:
Pembroke bluebird wrote:I’m having a dabble putting £500 into ethereum anyone else investing and can pass on any advice and tips would be nice to hear
What I have learned very quickly is how volatile it is rising and falling very quickly



How are you getting on with it?

Invested approx £3500 of my own money spread out over ethereum utrust helium polka dot and my best one Enjin coin
Approximately a month ago withdrew £3000
Portfolio this morning stands at £9105
At one stage it went over £11000 last weekend it took a nosedive but has recovered in the last couple of days though as I have stated VERY volatile I’ve been known to increase £1000 in a 24 hour period and decrease last weekend by almost £2000
I’ve stopped putting more in and just keeping tabs on what I’ve got mate :thumbup:



It was definitely a gamble, but has paid off for you, well done great news :thumbup: Keep us updated, it is interesting even if I don't understand or trust it.

I keep expecting them to crash, but it's still growing at a ridiculous rate ?

Cheers mate :thumbup: I’ll try to give updates
Can I just say put some money on ETHEREUM sit back take the knocks leave it long term and ;) :thumbup:


I may take a small punt, even if just to learn how it works :thumbup:

Scottish mortgage trust are investing in the one of the wallet providers, that James Anderson doesn't get much wrong!
https://portfolio-adviser.com/scottish- ... eak1GpxChw

That's not bitcoin itself but he must think there is money to be made in and around bitcoin sellers.

Update for you mate this morning my portfolio stands at £12091 and still rising hoping you got some money on it :thumbup:



Not yet mate, I know everything about mainstream investments but next to nothing about crypto, will consider some for a bit of profit from funds as a little alternative, so a low percentage in comparison to established investing.

What platform or sales site do you use, and what four would you invest in now, we might as well gets some tips on here?
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Re: Crypto currency

Postby Bluebina » Tue May 04, 2021 10:48 am

Taff on the Mersey wrote:
JasonFowler1991 wrote:A lot of very uninformed people are speaking up in this forum.

Blockchain technology, as well as crypto currencies are the future. This is why JP Morgan, and many serious investors are starting to move their assets to Bitcoin in the hundreds of millions. Another cryptocurrency called XRP, Ripple, is also already being adopted by most major banks and it is likely they'll use the XRP token in order to process international transactions.

It is true that not all cryptocurrencies are valuable. A lot of them serve no purpose and I'd avoid them. Serious ones to keep an eye on though would be Bitcoin, Etherium, Ripple, Chainlink, Polkadot, Cardano and Vechain - there are more but these are the ones I generally invest in.

The only people losing money on crypto currencies, especially bitcoin, are those who join the market to try and make a quick buck, like in 2017. Those of us who have been in the market for years have been making healthy profits, which would be impossible in any other market.

Someone above said if you invest now in Etherium you will lose money. My answer to that: bullshit ;) Its up over 500% for the year.

P.S I am not a financial adviser but I would seriously encourage everyone to start doing proper research, as this is an opportunity you will not get again to make such easy money.



Agreed. A friend educated me on it a few years ago so I thought I’d put £200 in with his guidance. 4 years later I have a binance account and have taken 6k out with 10,930 still in. My investments are VEchain and XRP. The latter is due to explode! The key for me, invest sensibly and often....I now put £50 in a month and always at the cheapest point. I have now invested £1,800 in total.



OK so you think XRP will do well any others?

How do you buy and sell, what platform or trading site do you use, and what are the charges?
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