BITCOIN

onthebench

BearWhite said:

I'm cautious on Crypto so I'm 60% BTC, 30% ETH, then the rest in various smaller cap coins that have done well for me. I wouldn't touch DOGE with a bargepole but fair play to those who have got lucky on it.

I did have a similar mix, BTC, ETH, ADA, but the Cardano has overtaken the Ether as the price has gone from 7p to about £1.10 (unfortunately I only bought a few hundred at the cheapest price!)

CharllieSays

I thought I'd sold all my BTC/ETH. I was planning to sell the rest last autumn, but then got kicked out my job after getting my heart broken, then had a seizure and a bunch of other fun stuff and totally forgot about everything else. Just found an old wallet with about £17k in there! Mini silver lining after two years of hell! I know logically it's my own money, but since I'd forgotten it existed it feels as though someone else has just gifted it to me. I had a few wallets at one point, so now I'm wondering where else I've stashed coins? Yay for early dementia!

Scottex99

CharllieSays said:

I thought I'd sold all my BTC/ETH. I was planning to sell the rest last autumn, but then got kicked out my job after getting my heart broken, then had a seizure and a bunch of other fun stuff and totally forgot about everything else. Just found an old wallet with about £17k in there! Mini silver lining after two years of hell! I know logically it's my own money, but since I'd forgotten it existed it feels as though someone else has just gifted it to me. I had a few wallets at one point, so now I'm wondering where else I've stashed coins? Yay for early dementia!

Haha, class, The unintentional Hodl.
I use Blockfolio and keep it decently up to date but I always spend ETH on random sh*tcoins and forget to track it. But then all the GBP buying I do of coins, I dont track. Sometimes I go through all the wallets and I'm annoyed, sometimes pleasantly surprised.

Just gotta keep stacking those sats. 

Scottex99

Wow and I think we just did the first full page without someone saying ponzi or scam. 
The revolution has begun

Adyinvestment

As someone who was against Bitcoin until recently, I have just got into Crypto this last couple of weeks, bit of an eye opener

If anyone is interested, I opened up an eToro account and had my first Crypto within 10 minutes, couldn't of been any easier and no need to worry about keeping keys on hard drives (they hold it for you)

P1

Adyinvestment said:

As someone who was against Bitcoin until recently, I have just got into Crypto this last couple of weeks, bit of an eye opener

If anyone is interested, I opened up an eToro account and had my first Crypto within 10 minutes, couldn't of been any easier and no need to worry about keeping keys on hard drives (they hold it for you)

Good that you are getting exposed, but you do not really own Bitcoin if you have bought on eToro. You can withdraw cash, but not crypto.  You just have something that tracks the price of Bitcoin.  Look at Kraken, Bitstamp or FTX.   Then look at a hardware wallet.  There are more and more coming on the market and lots will be good but the following will suffice.  https://trezor.io/ or https://www.ledger.com/   Its good you are getting into the idea and realising that this in fact not a scam, but pretty cool and pretty big!  A lot of people are investing without understanding what they have.  Don't be them!

Scottex99

Adyinvestment said:

As someone who was against Bitcoin until recently, I have just got into Crypto this last couple of weeks, bit of an eye opener

If anyone is interested, I opened up an eToro account and had my first Crypto within 10 minutes, couldn't of been any easier and no need to worry about keeping keys on hard drives (they hold it for you)

Yeah you've got a CFD. Same as Revolut, although they just today released that you'll be able to withdraw physical BTC from there soon.

CFD is fine actually. I started on eToro about 4 years ago, in fact i think I have my oldest ever trade still open there. Over 3 years old and my $200 buy of DASH is now.... $80 

Better to get some physical stuff as P1 says. Coinbase Pro, Swissborg, Binance arre my preferred options.

deejaybee

I have £300 sitting in my drawer, part of what i got from selling an old van....

If you were starting out, how would you apportion that amount between different crypto, or stick it all into one flavour ?

Its just a punt, and i am fully prepared to lose the lot, as i cant believe someone gave me actual cash for that wreck !!!

<< edit >> planning to open coinbase account, and i dont think they sell all the flavours ?

P1

deejaybee said:

I have £300 sitting in my drawer, part of what i got from selling an old van....

If you were starting out, how would you apportion that amount between different crypto, or stick it all into one flavour ?

Its just a punt, and i am fully prepared to lose the lot, as i cant believe someone gave me actual cash for that wreck !!!

Are you talking this stage of the market cycle or long term?
I'm more long term.  Over 80% BTC  Not as exciting near term gains, but for long term riding pain and cycles and taking into account capital gains tax now and 5 to 10 years later.  I have allocated to (ETH biggest other than BTC), LTC and Chainlink.  Maker DAO is not a bat punt.  Don't come in new and try and find your 100x coin.  You may fluke it.  You most likely won't no matter what you see on the internet.  If you want to go risky put 80% on ETH, but make sure you can switch quick or put a stop in on an exchange for btc pair for later in the year.  New protocol change soon so it may be buy the rumour, sell the news and then start going up!  You will find over the next few months things may go nuts.  I will be on alert later this year.  What you should really do is when/if it dumps more than 50% start averaging in when everyone else is crying.  Its hard to do though.  Easier when its going up.

deejaybee

I'm thinking more long term,  but if i was to take any profit, would stick it on a different flavour(s)