Bitcoin - is it worth a punt?

Ngozi

Researching is a must, from the cost of which broker to buy from, their fees, how to safely store your coin/funds. The cost of buying/selling on an exchange, which exchanges are more reputable, their fees etc...
Are you familiar with offline wallets? And so on.

Theres a nice referral offer in the Referral section of these forums (im not part of it) that could be a starting point.

MaxiRobriguez

eskbanker wrote: »

No it's not!

You seem to be introducing an entirely different point about quantity, quality and/or timeliness of research - all I was doing was challenging your assertion that "I don't think you can do your homework" when OP clearly can do some homework and obviously should do if they wish to get involved with taking a punt on crypto.

Fair enough, I thought you meant they could do the same amount of research as any other investment.

badger09

Ngozi wrote: »

......................

Other crypto coins are worth watching, but you need to be fast, Dogecoin had a 40% spike after the listing on Binance. But once everyone has made x%, everyone then sells so price goes down, really fast. Making a bit of a recovery.

Dogecoin. Seriously, Dogecoin :eek:

WillGates

Yes you can make money on 'Bitcoin' and avoid the scams by trading Bitcoin derivatives like this one https://www.hl.co.uk/shares/shares-search-results/x/xbt-provider-ab-bitcoin-tracker-one

adindas

badger09 wrote: »

Dogecoin. Seriously, Dogecoin :eek:

Am I reading it correctly Dogecoin or Dodgycoin??

bowlhead99

adindas wrote: »

Am I reading it correctly Dogecoin or Dodgycoin??

Doge. The coin based on a meme from five years ago.

quirkydeptless

WillGates wrote: »

Yes you can make money on 'Bitcoin' and avoid the scams by trading Bitcoin derivatives like this one https://www.hl.co.uk/shares/shares-search-results/x/xbt-provider-ab-bitcoin-tracker-one

:eek: OCF 2.5% :eek:

So there is money to be made in Bitcoin

Hmm, so how do I set up one of these derivatives funds...:think:

Ngozi

bowlhead99 wrote: »

Doge. The coin based on a meme from five years ago.

Set the chart to 14d and you can see the spike for yourself

https://www.coingecko.com/en/coins/dogecoin/usd#panel

dolmitas8

It probably goes up due to the economy and cheap money in the system. Look up dollar liquidity.

Best way is to play the swings by following good traders. 2017 was a lot easier to make money in.

bd10

https://www.youtube.com/watch?v=qlZukhN_C6c