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BITCOIN
Comments
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I will add some eventually as a crypto hedge, maybe, but only after I have hit my BTC goal ! Which I guess may always be further away
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I wander if I PMd all of the cryptites in this thread, how many would turn out to be promoting (read selling) what they claim to be holding.0
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Yah coz the £1k in total invested into BTC from readers here would pump the market and make me filthy rich....0
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I've got £1k of BTC. £1K of DOGE. And £100 of XLM.
I will be putting a grand or two more into crypto this week. Which coins do people recommend?
I am interested in XLM and XRP because some say they could be used heavily in the economy in future. But XRP isn't on Coinbase, and I can't be bothered with other exchanges...0 -
tranquility1 said:I've got £1k of BTC. £1K of DOGE. And £100 of XLM.
I will be putting a grand or two more into crypto this week. Which coins do people recommend?
I am interested in XLM and XRP because some say they could be used heavily in the economy in future. But XRP isn't on Coinbase, and I can't be bothered with other exchanges...This is the standard of investing these days. "I'm going to ask strangers on the internet to *recommend* specific financial products that have no intrinsic value, security, guarantee by anyone, economic utility or cashflow, in an industry that abounds with so much fraud even Jordan Belfort would say 'damn that's a lot of fraud', for me to throw my money away".5 -
tebbins said:tranquility1 said:I've got £1k of BTC. £1K of DOGE. And £100 of XLM.
I will be putting a grand or two more into crypto this week. Which coins do people recommend?
I am interested in XLM and XRP because some say they could be used heavily in the economy in future. But XRP isn't on Coinbase, and I can't be bothered with other exchanges...This is the standard of investing these days. "I'm going to ask strangers on the internet to *recommend* specific financial products that have no intrinsic value, security, guarantee by anyone, economic utility or cashflow, in an industry that abounds with so much fraud even Jordan Belfort would say 'damn that's a lot of fraud', for me to throw my money away".
I'm not completely new to crypto. And this a small percentage of my portfolio.
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Gotta have some ETH long term. LUNA should do big things in theory but that won’t be on CB eithertranquility1 said:I've got £1k of BTC. £1K of DOGE. And £100 of XLM.
I will be putting a grand or two more into crypto this week. Which coins do people recommend?
I am interested in XLM and XRP because some say they could be used heavily in the economy in future. But XRP isn't on Coinbase, and I can't be bothered with other exchanges...1 -
Looks like almost all the money has now been returned.Scottex99 said:
‘White hat’ hacker behind $610m crypto heist returns most of money | Cryptocurrencies | The Guardian
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On what basis do you believe that they could be used heavily in the future? What qualifications do the people that say this have? Do these people have a fiduciary duty towards you? Might they perhaps have alternative motivations?tranquility1 said:I've got £1k of BTC. £1K of DOGE. And £100 of XLM.
I will be putting a grand or two more into crypto this week. Which coins do people recommend?
I am interested in XLM and XRP because some say they could be used heavily in the economy in future. But XRP isn't on Coinbase, and I can't be bothered with other exchanges...
Ripple Labs (creator of XRP) have a colossal amount of XRP in their possession (because they created it obviously). Its been a long time since I looked at the actual numbers, so these might be a little off but they will illustrate the general idea... The XRP on their balance sheet is valued (at market rate) at ~$30B, their company is valued (by shares) at ~$5B. One of those prices must be incorrect.
Honestly, if you believe in using metcalfes law to value crypto networks then DOGE has won half the battle - it has a loyal community of people willing to engage with it. However, it has no development team, doesn't even secure its own blockchain, has hugely problematic wallet structures and has little in the way of actual adoption. These issues can be overcome (but not by posting jpegs on twitter) and I genuinely think a 100% DOGE portfolio may outperform me over the next 12 months - but its a little precarious to say the least.
Just DCA in to BTC and ETH and sleep soundly at night.
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