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| | | mal | | Posts: 8986 |  | |
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If Elon Musk can't make this work then it must be a lame duck....
Better off investing in air con units
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In reply to Post #67
Yes at least the banks worked it out unlike all the mugs that got sucked in…
https://www.theguardian.com/technology/commentisfree/2022/jun/19/the-crypto-crash-all-ponzi-schemes-topple-eventually
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A lot of uk banks have banned buying from crypto exchanges NatWest certainly have
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In reply to Post #58
I was working for a fella who needed merchant banking services added within his cornershop (a posh term for the older versions of contactless card machines). His boy was doing saturday work in there. Chewed my ear off about crypto currencies and how he was buying these "Bitcoins" at £12 a pop. This was around 2011/2012.
If he kept them, I doubt he works in his Dad's shop anymore...
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In reply to Post #58
DO NOT CLICK ON LINK IN THE POST BELOW.
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| | | Boo | | Posts: 8820 |  | |
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In reply to Post #56
Glad I’m holding a bit of GME and a little bit of AMC 😎. Loving the markets bleeding at the moment, definite margin calls been going out and always seems to coincidently go hand in hand with crypto dumps.
The fact that top bods of the Fed have sold their holdings at the top to me means they know there is an imminent crash coming.
Hopefully start seeing some short hedge funds failing these calls and start being liquidated and forced to close all their naked shorts seeing as retail own the float maybe a few times over this will send GME and AMC to the moon
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In reply to Post #55
Let’s see how this evergrande situation turns out. It could end be pretty nasty and reminiscent of the Lehman brothers downfall/fallout.
What is making me laugh is how the western media is rightly talking about how 20% of the Chinese economy is based on real estate and what an impact a giant like evergrande going down will have.
The western media isn’t talking about the amount of devaluation of their currencies has happened in the last 18 months through QE and the fact 70% of the US economy is based on consumer spending.
With the real word inflation figure far greater than reported, the natural gas supplies prices shooting up, the interest rates only able to go one way etc, it’s a perfect storm for the weak US dollar to suffer from lack of money in consumers pockets propping the economy up further. It’s literally a perfect storm for an economic disaster.
The DOW closing down 500 points, the S&P closing lower whilst in an incredible bull run, a lot of novice money tied up in Ponzi scheme crypto’s, there would be an awful lot of money lost if it happens. I’ve been watching this develop over the last few weeks and have closed a lot of positions to hold far greater amounts of cash than I usually would.
I currently only hold a mining stock where potentially incredible news is imminently due, other than that, I’ve got a lot of dry powder to capitalise on any downturn.
I’ve recently well got into my macro economics and everything is pointing to a huge storm at some stage, I’ve just fixed my buy to let mortgage on a ten year deal so hoping to weather any serious issues or credit crunches.
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In reply to Post #54
Are we seeing the start of a 'slow motion' global market downturn?
Starting to look at houseboats....!
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In reply to Post #53
It is worth checking out a couple more offshore suppliers. Companies like this one provide a wide range of services, but there are young companies that develop every day and learn from the mistakes of competitors. It is worth noting that not everywhere there is a high-quality service, because not everyone trusts the cryptocurrency yet, many are doubtful and are looking for some kind of trick. No one thinks that bitcoin does not depend on the dollar exchange rate or depends but not to the same extent as other types of money. There is a lot of information about this here . It is also worth trying the Hoster and Svchost servers. These suppliers are my favorites at the moment. Well, in general, look for what suits you best
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Why take a chance on Bitcoin when Jimcoins are available, and they are guaranteed safe as they are securely locked away in my head 😁👍
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In reply to Post #51
Bitcoin, the most famous currency that people invest in. I was so skeptical at the beginning about trading. I thought that it's just a waste of money. For sure, trading is risky, but the amount of money you can get is immense. After some months of seeing the profit my friends have, I understood that investing is good, and I started researching some trading strategies on websites. I did my plan, and now here I am. Not long ago, I made my first thousand dollars in trading. So if you are thinking of starting, I highly recommend that you make your strategies so that you do not end up with significant money losses.
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| | | | Posts: 4 |  | |
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You can make a lot of money on crypto, but you also have to learn and practice a lot until you profit from the cryptocurrency market. That is why I suggest you better start trading on the foreign exchange market. Because there, the risk is lower, and you can start selling with a small sum of money. At the same time, in crypto trading, you should enter the market with a higher sum of cash because the market is more volatile. Find more about tečaj mjenjačnica on the internet.
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In reply to Post #49
On the technicals it looks like a bull-run is on the cards.
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In reply to Post #34
In my opinion, it's worth paying attention to. New cryptos appear very often and it's definitely a developing field of economics. I read technology news every day, and there's definitely a lot of prospects.
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In reply to Post #47
Just looked back, it was 0.45, that's better - though it was now in the £'s!
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In reply to Post #46
I got into GGP at 5p and sold at 28p before it went onto 38p, it’s now bobbling around 20p which is a great price considering the amount of gold and copper they’re proving up and trying to find the end of the resource. Very little points for downside and loads of upside, I’m hoping it stays at these levels for a few more weeks so I can fill another ISA!
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In reply to Post #44
Greyscale, etc is the same as buying paper gold/silver - which supressed prices where they now have like 300:1 paper (where 300 people all 'own' the same physical metal in a German or Chinese vault. I just buy little bits of actual BTC, although I see the hedging point of it.
GGP as Greatland Gold? If so then WOW!....I remember have a bunch of shares back in the early days when it was 45p...sold at 50p!!!! : / (i think i needed the money at the time)
With XRP, they'll pay a fine to the SEC and get themselves cleared. What concerns me with them is the parent company Ripple create a sell tokens everyday to fund their operations, which aint always a bad thing, but does have a risk.
I bought some Palantir back last year at around $10, looking good for a long term hold with them, maybe a $1000+ stock in 10 years plus (or not!!).
The whole crypto world is confusing my head now, used to be simpler, but with all these things like NFTs, farming, staking, Defi, pooling... it's hard to keep abreast of it all.
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In reply to Post #44
I recently had a 660% return on Argo blockchain. Not a bad months work, more luck than judgement regarding the timings but luckily it was a fair chunk of cash originally invested, all that money is now back into my GGP stocks, which had an amazing 2020 and now going through a consolation period. I’m hoping we’ve seen the bottom of their tumble and hoping for a perfectly timed reentry, we’ll see over the next couple of weeks...
I’m also keeping a keen eye on XRP, court case news dependant.
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Not really been paying attention to it for the last month or so due to work load but yes it hit 60k I also have noticed Eth creeping closer to 2k
What do you think of Bitcoin stocks,... Greyscale, Hive , Riot ?
With Musk buying such a large amount do you think others will follow.
I’m thinking if one of the world’s richest has taken the plunge then this will convince many of the sceptics.
Springs coming next week , get the rods out soon . Only be using my usual two though 😉
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In reply to Post #39
Is that you Jamie?
It's not an 'idea'. The last stimulus cheques round saw billions in $1,200 deposits to exchanges just on and after the last cheques were sent out - I don't think that's a coincidence, the odd's are over a million to 1. Coinbase's deposits rose 400% alone. Those people made a lot of money, that paid their bills. They will do it again in the next 2 weeks....that's the psychology of it.
Private blockchains are centralised databases, not proper public BC's which are powered by anonymous nodes with proof of work verification (mining), so not very good for finance transactions, as they can be edited, lost, deleted... The public BC's (BTC, ETH, XMR, etc) are immutable and cannot be edited. Yesterday someone moved $1.1BN from wallet to wallet (like me sending money to you) and it's cost less than $50, and took minutes, it was then sold on the mkt last night. Public ledger BTC has usability for big transactions (housing buy/sell, fund management, infrastructure deals, overseas government to government, etc).
Banks like BOC say "Yeah, we use the blockchain tech guys, powered by the AI on a quantum computer with 10m qubits using monkey spunk...".. 
Nah, sorry, they don't have a clue! But their share prices rise! Like the early 2000's when companies bought a website and their share prices would double overnight.
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In reply to Post #40
Well let's wait and see.....
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| | | Boo | | Posts: 8820 | | |
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In reply to Post #38
Not every single person is going to put every single dollar of their stimmy into stocks
From what I’ve read and heard there are quite a few people YOLOing theirs into GME (and other meme stonks) for the MOASS that’s potentially round the corner.
I think most Americans will be using the money for things like bills, rent etc rather than putting it into the casino
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In reply to Post #37
Bitcoin sitting at 60k now.
looking now more likely to push to $75k, bouyed by US stimulus cheques.
$1,400 x 210,000,000 (amount of adults in the US) = 294,000,000,000 ($294 billion) is going to be ploughed into the US stock mkt and crytocurrency mkt.
The US Fed has been (somewhat) illegally buying actual stocks, bonds and ETFs since the end of last year (source Forbes: https://www.forbes.com/sites/kevincoldiron/2020/07/18/the-fed-is-going-to-buy-stocks/?sh=384054c5eb49)
So the play is going to be a massive influx of this helicopter money ($294bn) into the already bullish stock market (stimulated by the federal reserve, via direct buying and through manipulating bond rates) over the next couple of weeks.
I'd say the overall plan would be to let the US indexes rise and rise, til late summer (end of Aug/Sep), then i'd put my money on a big 'event' happening late summer which is when the federal reserve will start selling everything (prior top the event), creating a big landslide of the mkts when the public sell what they bought at a loss and the Fed and US government get their money back.
Printing these cheques is supposed to create more velocity (rate a which money swaps hands) to boost GDP v EPS on the major indexes, but it's all going on red....
This is my pessimistic opinion only.
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In reply to Post #36
I started mining Bitcoin back in 2013 I think it was, just with a old Dell desktop. I did mine some, and had a wallet but to be honest didn't really know what I was doing. Recently got the old HD's from the loft as am moving house soon and am scanning them to see if I did actually have some, but TBH I don't have the keys and probably re-formatted the drives anyway as used to use bit torrent, so 'hopefully' I dont have any....... :/
The price today is $50,000. At one point in 2016 I had over 1 Bitcoin from trading other Alt-coins and sold it for like a grand profit, which was spunked on beers and bait.
Should have held it, oh well! At the time it was still over 100% profit, which can't be sniffed at but hindsight is a wonderful thing!
I am now just holding bits of BTC, ETH, ETN, LINK, etc.. Looking into using DeFi (decentralised finance), to try and get some sort of yield. Lot's of big money institutions are putting 1-5% of their assets into Bitcoin, mainly due to the FOMO and also because it genuinely has value and holds value. Digital payments and data storage IS the future.
Looking at global finance (long term bonds) it doesn't look pretty does it with negative rates in bonds, ECB/EU with their trillions of unsterilised Euros stimulus, USD Fed with the same, China the same. This is were the value is coming into BTC.
If you have some spare cash sitting around that you don't mind risking then i'd look at buying BTC or ETH, or even look at yield finance or staking finance. It's your choice at the end of the day, but holding cash, if the bond mkts are predicting, it's value (buying power) is likely to be eaten away via inflation (to get ride of the governments debts 'borrowed' from their central banks via money 'printing')
Hope that helps?
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I’ve been doing lots of research Recently into crypto and wondered if any fellow carpers are involved.
In Mining Crypto and Block chain.
A couple of years ago most people’s consensus was it was a scam and mostly BS. I’m not so sure now, the markets are changing and investors are seriously getting involved in online currency’s . ,... We’ve seen it go from a couple of grand to 40 grand. Some are saying 150-200k within 5-10 years.
I have no doubt that at some point it’s the future however the lack of regulations and protection is concerning.
This week’s craziness with Reddit and Game stop can only show how vulnerable things can become and how much manipulation goes on.
Interested to hear you opinions
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In reply to Post #32
Cant short it now. FCA have changed the rules on derivatives trading which prevents shorting crypto. Probably for the best.
I don't hold any but I did back in 2013! Cashed it as I needed the money at the time - big mistake.
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In reply to Post #33
Yes there are many exchanges out there, I use Coinbase and have had no problem selling my BTC back to USD, and then sent to my bank account (you have to give them the International account number) in sterling.
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In reply to Post #32
Can the $35,000 be transferred into cash or used to buy things?
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In reply to Post #31
Was woken at 4am by an old alert to say BTC had passed $35,000!
I'm not sure shorting it after a big drop is statistically wise - if you have BTC then just hold it. Shorting it requires leverage, which means you can lose the 'precious' very quickly.
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In reply to Post #30
nudging 30k now. Big institutions are now involved, likely to correct near term but with banks on the scene it could go nuclear.
I might wait for it to drop, and then short it - missed the boat for now I reckon.
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In reply to Post #29
Not so wise I’m afraid, They draw you in then grab you, my youngest son got addicted to gambling on line, it all came to a head when he managed to lose over 12 grand in a little under 2 hours, I cleared his debts he has since repaid me and with the help of Gamblers anonymous he has now gone over two years gamble free, I am so proud of what he has done but it’s a constant battle, the trouble with gambling is there’s no limit, drink and drugs there’s only so much **** you can put in your body, gambling the sky’s your limit there’s always somewhere you can lose your money.
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In reply to Post #28
I prefer other online earnings more. Online casinos are very profitable businesses. The main thing is to be well versed in this field of games and play only on proven and secure online platforms. For example https://www.betsofa.com/. I've been playing here for a long time. And I can say that this is a top site with gambling and betting
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In reply to Post #27
Should've invested in Jimcoins 
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Read today about a bloke who’s a Bitcoin multi millionaire but he’s worthless ????
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In reply to Post #25
Interesting turn of events this year.
Its definitely going above 20k this time. Note the big Central banks aren't pumping it in newswires this time. Almost stealthily like!
I follow someone quite versed in the charts - he doesn't touch Crypto with a barge pole - because it doesn't show signatures of other markets. But he states if its going to go over 20, then they are going to mini crash it - but that will be to scare investors this time then up to 35k, via 24/26ish.
IG require a margin of 1.4k to trade it at the minimum.
Fair play to anyone who has persevered the past two years +, while I was putting money into bad AIM investments. It's next to impossible to turn your investments back to cash in Bitcoin, I hear. That has always put me off.
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In reply to Post #4
Your right in a way about missing the boat, but some investors use it as a hedge against inflation, as cash (the dollar for example) is losing 2-3% of it's buying power per year (for us muggles), and with all the proposed stimulus it's not going to get better. It's like digital gold that can be used instantly.
Mainly people invest to get rich but some hardcore buy it for the immutable technology and it's a transaction layer sitting on top of the internet (tcp/ip) layer, which kind of is the future!
The main problem with it is it's usability for general public and it's not as quick as Visa.
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In reply to Post #22
I'm about to buy bitcoin this time, it would be good to have some money invested in the current situation. Is there anyone advanced in this field? I got some questions
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| | | mal | | Posts: 8986 | | |
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In reply to Post #21
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You can still buy Jimcoins 
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In reply to Post #18
BTC trading at just under $11,800 today.
Up 30% since last post.
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In reply to Post #17
It went down to near $5k in April as mentioned in my previous post, now trading at $9.3k today.
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In reply to Post #16
If you had of bought just £2.50 of BTC per day, instead of a starbucks, or whatever for the last 5 years, it woud now be worth ~£500,000.
As per the last post, patience is the key,. Money flows from the impatient to the patient. Bitcoin has outperformed FX, all indexes, metal, oil, everything. People still laugh at it tho!
It'll hit $100k within the next 2 years, with a big dip this year in April, possibly down to $5k.
I'm buying BTC each month (150 quids worth), along with Gold (spot) and natural gas, and wheat futures.
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In reply to Post #15
I don't belive in bitcoin and any other cryptocurrencies. So risky at this moment. Prefer forex market. If you have good analytics and patience you can trade there. I've been discussing bitcoin with Ildar Sharipov, instaforex broker owner, for several months already. He convinced me not to invest money in crypto in 2020.
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In reply to Post #14
Pyramid scheme. Funny, that all the hype was just before it traded at it's highest.... you know almost to inflate the price up even more and get lots of people to buy their coins off them just below that magical 20kfigure. Before it was shorted the hell out of.
Avoid. But fair play to the people who took a punt in the beginning, hope you got out, with a small fortune.
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In reply to Post #1
Bening honest it all depends how much time you have on your hands and how much you want to get into it, as it can be a complelte mine field.
If you are planning to put money into bitcoin, Ethereum, eos etc and just let it sit there you will get very little return or lose money and i personally would not bother.
If you have time on your hands and are willing to day trade with the 1000s of coins that are out there then there is still money to be made or lost if you pick the wrong coin.
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In reply to Post #12
So was Bitcoin when it came out. 
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In reply to Post #11
Yeah but they're cheap as chips.
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In reply to Post #10
Jimcoins haven’t 
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In reply to Post #5
They've crashed several times.
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| | | mal | | Posts: 8986 | | |
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In reply to Post #8
Good luck with that jimmer.
Blankers - I'll pass on that thanks. Thank god alloys haven't gone virtual or the scouse economy would be f****d
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I don’t understand how it works but apparently they peeked at 20 grand 😳 would anyone be interested in buying some Jimcoins at a very attractive price of £50 each
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In reply to Post #6
No they are not real. I have one for sale for half that price do a bank transfer and it's all yours 
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| | | mal | | Posts: 8986 | | |
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In reply to Post #5
For each coin?!?
They're not even real are they????
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In reply to Post #4
7 grand each at the mo. 
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| | | mal | | Posts: 8986 | | |
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In reply to Post #1
reckon you've missed the boat on getting rich off this one.
all the early investors will have done ok but it'll be small returns now
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In reply to Post #1
There was someone on here a couple of years ago championing the bitcoin... always wondered if he made a fortune
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In reply to Post #1
Get a famous multi millionaire to tell the world how they are making a fortune and loads buyin and the value shoots up, only when the millionaire and his or her mate decide to cash out it plummets.
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Anybody had a go??
Is it worth a punt??
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