BITCOIN

Thrugelmir

Scottex99 said:

[Deleted User] said:

Scottex99 said:

Doshwaster said:

I bought £100 worth a few weeks ago. I don't consider it a serious investment more of a speculative gamble.  It's quite interesting to see the valuation go up and down every day for no apparent reason.  If it is worth a few thousands in the next couple of years then great but if the value crashes then no big deal.

You could DCA (Dollar Cost Average) and buy £100 every month or quarter or whatever, regardless of the price. Pretty standard technique for people who'd like a little bit of exposure and are happy to sit on long term.

Like you said not big deal if you lose value overall, although imo, in 2-3 years, you defo wont

That's exactly what I recommend to all my friends who approach me regarding this. DCA is the way to average out this volatile asset.

https://dcabtc.com?sd=2016-04-22&sda=5_years&f=monthly&d=5_years&ac=10000&c=false

Last 5 years, £100 monthly = £6000 investement and £142000 return.

Yep, I dont track mine properly as I have plenty of crypto already. 

But, I buy BTC and ETH with GBP on a regular basis. I bought yesterday. I bought when BTC was $4k last year. I bought when BTC was $60k last week. I'll keep buying as the fundamentals haven't changed.

DCA is solid for new players, regardless if you're investing a lot or a little (relative to your own bankroll)

Seems as if Biden's proposed tax raid has put a dampener on events. 

Scottex99

Thrugelmir said:

Scottex99 said:

[Deleted User] said:

Scottex99 said:

Doshwaster said:

I bought £100 worth a few weeks ago. I don't consider it a serious investment more of a speculative gamble.  It's quite interesting to see the valuation go up and down every day for no apparent reason.  If it is worth a few thousands in the next couple of years then great but if the value crashes then no big deal.

You could DCA (Dollar Cost Average) and buy £100 every month or quarter or whatever, regardless of the price. Pretty standard technique for people who'd like a little bit of exposure and are happy to sit on long term.

Like you said not big deal if you lose value overall, although imo, in 2-3 years, you defo wont

That's exactly what I recommend to all my friends who approach me regarding this. DCA is the way to average out this volatile asset.

https://dcabtc.com?sd=2016-04-22&sda=5_years&f=monthly&d=5_years&ac=10000&c=false

Last 5 years, £100 monthly = £6000 investement and £142000 return.

Yep, I dont track mine properly as I have plenty of crypto already. 

But, I buy BTC and ETH with GBP on a regular basis. I bought yesterday. I bought when BTC was $4k last year. I bought when BTC was $60k last week. I'll keep buying as the fundamentals haven't changed.

DCA is solid for new players, regardless if you're investing a lot or a little (relative to your own bankroll)

Seems as if Biden's proposed tax raid has put a dampener on events. 

Yep spooked everyone it seems. I've not checked Stonks, but assume they took a hit too?

I dont like attributing just one piece of news to a large move in the market but it's defo had an impact.

benbay001

Scottex99 said:

Doshwaster said:

I bought £100 worth a few weeks ago. I don't consider it a serious investment more of a speculative gamble.  It's quite interesting to see the valuation go up and down every day for no apparent reason.  If it is worth a few thousands in the next couple of years then great but if the value crashes then no big deal.

You could DCA (Dollar Cost Average) and buy £100 every month or quarter or whatever, regardless of the price. Pretty standard technique for people who'd like a little bit of exposure and are happy to sit on long term.

Like you said not big deal if you lose value overall, although imo, in 2-3 years, you defo wont

Oh great, so now in 5 years you have sunk £6k into something you have no way of determining the value of.

Scottex99

Scottex99 said:

Doshwaster said:

I bought £100 worth a few weeks ago. I don't consider it a serious investment more of a speculative gamble.  It's quite interesting to see the valuation go up and down every day for no apparent reason.  If it is worth a few thousands in the next couple of years then great but if the value crashes then no big deal.

You could DCA (Dollar Cost Average) and buy £100 every month or quarter or whatever, regardless of the price. Pretty standard technique for people who'd like a little bit of exposure and are happy to sit on long term.

Like you said not big deal if you lose value overall, although imo, in 2-3 years, you defo wont

Oh great, so now in 5 years you have sunk £6k into something you have no way of determining the value of.

And how can’t I do that? 1 BTC is $50,029 right now.

You just worry about how you’re gonna scrimp together that 1500 quid mate

thegentleway

Scottex99 said:

Doshwaster said:

I bought £100 worth a few weeks ago. I don't consider it a serious investment more of a speculative gamble.  It's quite interesting to see the valuation go up and down every day for no apparent reason.  If it is worth a few thousands in the next couple of years then great but if the value crashes then no big deal.

You could DCA (Dollar Cost Average) and buy £100 every month or quarter or whatever, regardless of the price. Pretty standard technique for people who'd like a little bit of exposure and are happy to sit on long term.

Like you said not big deal if you lose value overall, although imo, in 2-3 years, you defo wont

It’s called pound cost averaging in the U.K.!

Scottex99

PCA has a decent ring to it tbf.

I’m Scottish, work in Gibraltar, use £s everyday but I think it will be a long time till anyone OG in the space talks about values not in USD

Retireby40

OP doesn't seem interested anymore now that they were told its basically gambling and never gonna make them rich.

When asked about the fundamentals of their investment they haven't answered. May as well go down to the local casino and throw €100 on red. 

Thrugelmir

Scottex99 said:

Thrugelmir said:

Scottex99 said:

[Deleted User] said:

Scottex99 said:

Doshwaster said:

I bought £100 worth a few weeks ago. I don't consider it a serious investment more of a speculative gamble.  It's quite interesting to see the valuation go up and down every day for no apparent reason.  If it is worth a few thousands in the next couple of years then great but if the value crashes then no big deal.

You could DCA (Dollar Cost Average) and buy £100 every month or quarter or whatever, regardless of the price. Pretty standard technique for people who'd like a little bit of exposure and are happy to sit on long term.

Like you said not big deal if you lose value overall, although imo, in 2-3 years, you defo wont

That's exactly what I recommend to all my friends who approach me regarding this. DCA is the way to average out this volatile asset.

https://dcabtc.com?sd=2016-04-22&sda=5_years&f=monthly&d=5_years&ac=10000&c=false

Last 5 years, £100 monthly = £6000 investement and £142000 return.

Yep, I dont track mine properly as I have plenty of crypto already. 

But, I buy BTC and ETH with GBP on a regular basis. I bought yesterday. I bought when BTC was $4k last year. I bought when BTC was $60k last week. I'll keep buying as the fundamentals haven't changed.

DCA is solid for new players, regardless if you're investing a lot or a little (relative to your own bankroll)

Seems as if Biden's proposed tax raid has put a dampener on events. 

I dont like attributing just one piece of news to a large move in the market but it's defo had an impact.

Any proposed fundamental change in taxation rates is going to see people pocket gains in advance. When trading in international markets one needs to have broad horizons and keep abreast of events. 

benbay001

Scottex99 said:

Scottex99 said:

Doshwaster said:

I bought £100 worth a few weeks ago. I don't consider it a serious investment more of a speculative gamble.  It's quite interesting to see the valuation go up and down every day for no apparent reason.  If it is worth a few thousands in the next couple of years then great but if the value crashes then no big deal.

You could DCA (Dollar Cost Average) and buy £100 every month or quarter or whatever, regardless of the price. Pretty standard technique for people who'd like a little bit of exposure and are happy to sit on long term.

Like you said not big deal if you lose value overall, although imo, in 2-3 years, you defo wont

Oh great, so now in 5 years you have sunk £6k into something you have no way of determining the value of.

And how can’t I do that? 1 BTC is $50,029 right now.

You just worry about how you’re gonna scrimp together that 1500 quid mate

If i was selling you a car, i could sell it for you for £1000 or £50000, that doesnt mean its worth either of those to prices. 

As for bringing up my other posting history, that seems a bit desperate, and a bit low. You have no idea what I am worth just from one post on a forum. Likewise anyones net worth has no reflection of their ability to spot a ponzy scheme.

Scottex99

benbay001 said:

Scottex99 said:

Scottex99 said:

Doshwaster said:

I bought £100 worth a few weeks ago. I don't consider it a serious investment more of a speculative gamble.  It's quite interesting to see the valuation go up and down every day for no apparent reason.  If it is worth a few thousands in the next couple of years then great but if the value crashes then no big deal.

You could DCA (Dollar Cost Average) and buy £100 every month or quarter or whatever, regardless of the price. Pretty standard technique for people who'd like a little bit of exposure and are happy to sit on long term.

Like you said not big deal if you lose value overall, although imo, in 2-3 years, you defo wont

Oh great, so now in 5 years you have sunk £6k into something you have no way of determining the value of.

And how can’t I do that? 1 BTC is $50,029 right now.

You just worry about how you’re gonna scrimp together that 1500 quid mate

If i was selling you a car, i could sell it for you for £1000 or £50000, that doesnt mean its worth either of those to prices. 

As for bringing up my other posting history, that seems a bit desperate, and a bit low. You have no idea what I am worth just from one post on a forum. Likewise anyones net worth has no reflection of their ability to spot a ponzy scheme.

 It's worth whatever someone is willing to pay for it and right now that market value is way in excess of what is was any number of years ago.

I don't care what you are worth tbh or what I am, I just noticed it and found it funny.

It literally cannot be a Ponzi scheme based on the definition of what a Ponzi scheme is. Really boring explaining it over and over.

I don't understand cars, in fact I don't even have a licence, so I don't waste my time in car forums posting about them. You don't understand crypto and BTC, so why not just do the same?