BITCOIN

Type_45

Scottex99 said:

Type_45 said:

Scottex99 said:

Type_45 said:

These are my investment splits at the moment. 

I am now focused on increasing the cash for the rest of the year so the cash % will increase

More DOGE than BTC? 

Doge is literally a meme coin with an uncapped supply (5% can be added per year from memory). Personally I'd not be holding more dog money than real crypto

Never held DOGE before the crash a few days ago. It crashed way more than BTC and I knew it would make some money, which it did. I've made almost £300 from it in the past few days.

Always a fan of buying the dip but how did you "know"?

The low price and the fact that it's in vogue.

Scottex99

Problem with any meme/shitcoin being in “vogue” is it only is until something else comes along to replace it.

Well done with your gains, I’d advise some exposure to ETH 

Type_45

Scottex99 said:

Problem with any meme/shitcoin being in “vogue” is it only is until something else comes along to replace it.

Well done with your gains, I’d advise some exposure to ETH 

Each person you speak to has their own coin they are shilling...  I know ETH is the #2 coin out there, but it's really open to question which ones will make the most money.

My personal view, at this point in time, is that governments will pull the plug on them all.  

Scottex99

I already bought DOGE at 5c I think which was already way too late. Sold around 55c after Elon had been on SNL. Still have some of the bag but it's not going to make people money long term.

Some govs are backward, like the UK, others can see what's coming

Type_45

Scottex99 said:

I already bought DOGE at 5c I think which was already way too late. Sold around 55c after Elon had been on SNL. Still have some of the bag but it's not going to make people money long term.

Some govs are backward, like the UK, others can see what's coming

What do you think is coming?

pbartlett

FCA has banned Binance in the UK.

"Binance, the world's biggest crypto-currency exchange, has been banned by the UK's financial regulator.

The Financial Conduct Authority (FCA) has ruled that the firm cannot conduct any "regulated activity" in the UK."

Scottex99

"The FCA spokesperson clarified that the scope of the ban was limited. Though Binance Markets Limited is banned from offering regulated services in Britain, non-registered firms can still interact with U.K. consumers. That means Binance could still offer Brits crypto trading through its website."

Basically derivatives and leverage will be banned, and that was done already last year I think so...no change imo.

Funny how the gov is protecting people from high leverage trading yet I could easily do 5 figures a week on mobile sports betting and casino. Or walk into any casino and blow £30k in 10 mins, if I wanted to.

I've got GBP moving from a UK bank to Binance fairly regularly, let's see if that gets affected at some point

Type_45

Scottex99 said:

Funny how the gov is protecting people from high leverage trading yet I could easily do 5 figures a week on mobile sports betting and casino. Or walk into any casino and blow £30k in 10 mins, if I wanted to.

That's because the government are not protecting ppl from high leverage trading.  They are regulating crypto because they don't like it.  They don't like it because they have no control over it.

The great mistake is to assume that the government is acting to "keep us all safe".  They aren't.  

Scottex99

Of course they aren't, that should be a given.

They have no control over it and can't outright ban it. If they make it so annoying to use, people will just leave and go to Portugal, Gibraltar, Dubai, Miami etc

Type_45

Scottex99 said:

Of course they aren't, that should be a given.

They have no control over it and can't outright ban it. If they make it so annoying to use, people will just leave and go to Portugal, Gibraltar, Dubai, Miami etc

When the digital GPB comes in (Bank of England crypto) cash will be abolished.   The government will then be able to allow you to pay products it wants you to buy, and it can block you from buying products it doesn't want you to buy.

This *conversation is going on right now at government level and is reported in the mainstream press.


*when I say "conversation", I mean that they have already decided that they will do it but they have leaked it to the press just to test public reaction.



So if you think they will allow us to have our own crypto and that we can bypass their control, I have some land in the Everglades you might be intersted in.