BITCOIN

fwor

Moose1960 said:

The antis go quiet during bull runs like now and re-emerge during the inevitable dips.

And, of course, the opposite is true. This thread suddenly came alive when the last "halving" was going to send the price beyond $100k.

And the thread is brought back to life whenever the price hits all time highs - even though that is the worst time to be "investing".

If you can't see and understand both sides of that picture then you really must have swallowed your own pro-Bitcoin rhetoric.

Moose1960

It should be apparent from my post that I can see and understand both sides and have "swallowed" nothing. Do you have anything rational or constructive to contribute?

Scottex99

Probably not ideal to be buying the all time high, but doing so in a controlled way with a small % of your liquid wealth, should be fine.

I completely missed NVDA, still up 60% from a buy in March and 6% from a buy in June. If it turns out to overhyped in the market then I have some leeway to get out.

”investing” or not, we’re all here to make or grow our money.

Be nice if we can get to $100k and I can get that monkey from the last cycle off my back 😉

RichTips

fwor said:

Moose1960 said:

The antis go quiet during bull runs like now and re-emerge during the inevitable dips.

And, of course, the opposite is true. This thread suddenly came alive when the last "halving" was going to send the price beyond $100k.

And the thread is brought back to life whenever the price hits all time highs - even though that is the worst time to be "investing".

If you can't see and understand both sides of that picture then you really must have swallowed your own pro-Bitcoin rhetoric.

I find it easier to demonstrate the validity of my positive perspective on the likelihood of Bitcoin appreciating in price is correct when objective evidence unequivocally demonstrates that to be the case.

Joking aside, I don't even think it's necessarily true. Looking at my reply history during the last bear market, I was posting to this post during the lows. I guess the contention necessary to stimulate conversation just wasn't there. Here's my history in the thread for the last couple of years for reference. Read into it what you will.

Scottex99

Made it to 93.

It will probably nuke when it gets to 100k, imagine how many limit sells are sat there!

Still at least 6 months of bullrun left too 

debthelp1

I have some BTC (10x from original investment) and ETH (3x) and debating whether to move some into memecoins?

Also the current holdings are with Coinbase and realised today when withdrawing that their fees are pretty hefty, any advice on what to do.

I am no expert it was just an impulsive deposit with £500 around 5-6 years ago

Scottex99

debthelp1 said:

I have some BTC (10x from original investment) and ETH (3x) and debating whether to move some into memecoins?

Also the current holdings are with Coinbase and realised today when withdrawing that their fees are pretty hefty, any advice on what to do.

I am no expert it was just an impulsive deposit with £500 around 5-6 years ago

If you’re happy with the profit and want to gamble some on a 100x shot… then memecoins would do it, more than likely you’ll just lose though.

Hefty fees in terms of converting to GBP? I don’t use CB anymore but I’m pretty sure there is a “Prime” or advanced version which is not something stupid like 4%. Or open a Kraken account, move the coins over and sell there.

Congrats on the profit 

redlightbulb

I started about 3 years ago investing monthly into BTC.  Only £50 a month.. but with the recent gains it has really taken off.  Tempted to withdraw but I could easily let it run for years and hope that it really pays off in 5-10 years.  Not interested in alt coins.  The vast majority of my investments are in index funds.. this is just a bit on the side. 
The £50 per month was taken out from Starling on a standing order.. but they have recently kicked up a fuss so had to change to Nationwide. 

Scottex99

For most, you can’t really beat a solid medium/long term DCA strategy.

If it follows previous 4 year cycles, it will run up higher than this then collapse for whatever reason. And the whole thing starts again, in theory.

I’ll be holding into Summer 2025 at least 

Sumselkb

I still don't understand how crypto and cgt work exactly. For example, if I buy £1,000 of Bitcoin today, and in 2028 it has a gain of £5,000, and if the allowance is still £3,000 a year, then if I change the Bitcoin to £6,000 and withdraw to my bank then I work out how much cgt to pay.

But if I only change some of the Bitcoin (eg £3,000) and withdraw to my bank but keep the rest as Bitcoin until 2032 then I don't pay cgt? Or I do pay cgt? 

Does my annual salary from my job or personal allowance affect anything? It just seems so complicated.