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BITCOIN

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Comments

  • Last year on the thread, Patient was saying he had cashed out amounts  that were 'dozens of times more' than what he had invested, and this weekend he's mentioned making profits 'thousands of times over'. In that context, the number of 'times' can refer to a multiple on the initial investment rather than specifically meaning that number of trades. If you invest a fiver when it's at $50 or $500 and sell when it's at $50,000, there's 100x or 1000x return just from tucking them away - it doesn't really mean that he entered into transactions thousands of times.  So perhaps he was patient and held from $20 to $20000 before giving up work in 2017.
    You really have patience to explain this over and over. I gave up 😆

  • deejaybee
    deejaybee Posts: 939 Forumite
    Part of the Furniture 500 Posts Name Dropper
    Sorted my coinbase verification now.... used the Mrs's Ipad to take clearer pics, as scanning stuff via my printer wasnt good enough..
  • P1
    P1 Posts: 59 Forumite
    Third Anniversary 10 Posts Name Dropper
    https://www.cnbc.com/2021/05/11/palantir-pltr-q1-2021-earnings.html

    Considering adding BTC to balance sheet.  Peter Thiel has always been a bull, but still.  "Considering" is different to doing though ;)  Suspect we will see more of this.  Quarterly filings will be interesting for a lot of large companies over the next 6 months I suspect.
  • Michael121
    Michael121 Posts: 166 Forumite
    Third Anniversary 100 Posts Name Dropper
    P1 said:
    https://www.cnbc.com/2021/05/11/palantir-pltr-q1-2021-earnings.html

    Considering adding BTC to balance sheet.  Peter Thiel has always been a bull, but still.  "Considering" is different to doing though ;)  Suspect we will see more of this.  Quarterly filings will be interesting for a lot of large companies over the next 6 months I suspect.
    I cant remember what book i read it in now but something along the lines of giant companies acquired business they knew naff all about ended up hurting revenues which lead to the author naming it diworseifcation.


  • TimSynths
    TimSynths Posts: 603 Forumite
    500 Posts Third Anniversary Name Dropper Photogenic
    I'm currently having an issue trying to move ETH from Coinbase Wallet to Coinbase (will then move to Pro) to take some profit and trade. Has been pending for 30 hours + so have had to contact support. Want to buy some more BTC as I think its soon to do some upward growth.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Fifth Anniversary 100 Posts Photogenic Name Dropper
    edited 11 May 2021 at 5:36PM
    TimSynths said:
    I'm currently having an issue trying to move ETH from Coinbase Wallet to Coinbase (will then move to Pro) to take some profit and trade. Has been pending for 30 hours + so have had to contact support. Want to buy some more BTC as I think its soon to do some upward growth.
    Why kick yourself with Coinbase? Use Binance or crypto.com. They have great support for UK customers, including Faster Payment and so on.

  • HansOndabush
    HansOndabush Posts: 470 Forumite
    100 Posts Name Dropper Photogenic
    edited 23 September 2024 at 1:51PM
    TimSynths said:
    I'm currently having an issue trying to move ETH from Coinbase Wallet to Coinbase (will then move to Pro) to take some profit and trade. Has been pending for 30 hours + so have had to contact support. Want to buy some more BTC as I think its soon to do some upward growth.
    Why kick yourself with Coinbase? Use Binance or crypto.com. They have great support for UK customers, including Faster Payment and so on.

    I expect they do having been banned in the US. 
    This thread will probably get pulled now you've mentioned the B word; they ban it on here too.
  • P1
    P1 Posts: 59 Forumite
    Third Anniversary 10 Posts Name Dropper
    Personal experience FTX and Bitstamp are the are fine for the average person.  FTX more focused for traders and you can get exposure to all sorts.  Commodities, Stocks and commodities etc.  For averages I think Bitstamp is the best.  I like that Bitstamp has been resistant to alts and will not list anything completely stupid.  Kraken are also good, but I have not used them and they list a lot of shitcoins also. 

    @michael121 yes in time but not at the start of it.  ETF will come in the next year or two.  Some say thats the time to sell...
  • Scottex99
    Scottex99 Posts: 816 Forumite
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    P1 said:
    Personal experience FTX and Bitstamp are the are fine for the average person.  FTX more focused for traders and you can get exposure to all sorts.  Commodities, Stocks and commodities etc.  For averages I think Bitstamp is the best.  I like that Bitstamp has been resistant to alts and will not list anything completely stupid.  Kraken are also good, but I have not used them and they list a lot of shitcoins also. 

    @michael121 yes in time but not at the start of it.  ETF will come in the next year or two.  Some say thats the time to sell...
    Got both and we use FTX for Corp stuff. Always hear good things I just never get round to using them. I use a few different on ramps for £, do most of my trading on Binance and Kucoin.
    Uniswap via CB Wallet for the random degen stuff, oh and PancakeSwap too for farming. BSC has been blowing ERC20 out of the water recently but I guess it's not a pure DEX if Binance controls it...
  • lozzy1965
    lozzy1965 Posts: 549 Forumite
    Tenth Anniversary 500 Posts Name Dropper Photogenic
    edited 12 May 2021 at 9:42AM
    I must admit to totally not understanding Crypto, and being sceptical, but with an open mind.  This article kind of mirrors my possible misunderstanding of just how it can be so popular:
    https://www.ft.com/content/2c3dd96c-b1b1-42fd-ab46-8b4791bf1270
    Sorry to stoke the "anti" sentiment, and "yes" I am jealous :)
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