coin base crypto currency

Scottex99

eskbanker said:

Scottex99 said:

fundamentals are the same as when it started

I think both sides of the argument would cite that line!

Haha, true. But that’s the point.
A genuine ability to move money in a digital and decentralised way where nobody can stop you. It’s powerful and that’s why the big boys are getting exposure to it. Well, not for that actually, for the store of value narrative whilst governments try to print their way out of trouble. It’s volatile for sure but so are stonks these days 

booneruk

Oh wow, a fair bit bit of e-trading willy-waving going on here.

Stepping back from that - cryptocurrency is definitely more volatile than the other asset classes I'm 'invested' in, and one which I consider more akin to gambling.

Crypto has brought me 3x gain followed by 1/10th decimation, and right now I'm slowly selling out on this latest uptrend and reinvesting proceeds into traditional vehicles - de-risking - as it feels as if we're just waiting the next cryptocrash which I do believe will come at some point.

However, I might leave a minimal amount of my money invested in crypto, just to avoid potential regret years to come. 

Scottex99

booneruk said:

Oh wow, a fair bit bit of e-trading willy-waving going on here.

Stepping back from that - cryptocurrency is definitely more volatile than the other asset classes I'm 'invested' in, and one which I consider more akin to gambling.

Crypto has brought me 3x gain followed by 1/10th decimation, and right now I'm slowly selling out on this latest uptrend and reinvesting proceeds into traditional vehicles - de-risking - as it feels as if we're just waiting the next cryptocrash which I do believe will come at some point.

However, I might leave a minimal amount of my money invested in crypto, just to avoid potential regret years to come. 

Yeah the actual figures are boring, just context for the put your money where your mouth is guy. Actually fairly easy to make money in crypto with a medium/long buy and hodl strategy but it is a space with very volatile assets and things built and developed at a frightening speed.

I’m biased but I think everyone should have some exposure to BTC and ETH at least. Whether that’s £5 or £5m 

csgohan4

Scottex99 said:

More of a gamble than stocks? Happy to here your reasoning why.
It's not for everyone but the fastest growing asset of all time, fundamentals are the same as when it started, although it is moving closer to a store of value like gold than a currency these days. With layer 2 solutions you can buy goods with it but many people would be unlikely to when they think it will appreciate further.

Put your money where your mouth is, haha what does it matter? $125 to $5k in 5 weeks is pretty good regardless. My fist 100x was in Feb this year too actually. $400 to $40k in about 12 months.

I work in the industry, the firm that I run trades 2-3m every day from crypto to fiat and vice versa, fully regulated. I have a decent chunk in BTC or butcoin (hilarious, did you come up with that yourself?) and probably 50-60% of my net worth in crypto overall. So yeah I'm pretty bullish to have 500k in a massive "gamble".

After you've finished stroking your ep33n, I'm going to agree to disagree on this one. My risk appetite is not high enough to include Butcoin in my assets. I would be happy with my index trackers, least I know i will not be at the mercy of the Crypto gods.

if you have invested the majority of your wealth and done well, good your gamble has taken off. I prefer less riskier ventures, and I don't even invest in Tesla for that matter. 

Scottex99

csgohan4 said:

Scottex99 said:

More of a gamble than stocks? Happy to here your reasoning why.
It's not for everyone but the fastest growing asset of all time, fundamentals are the same as when it started, although it is moving closer to a store of value like gold than a currency these days. With layer 2 solutions you can buy goods with it but many people would be unlikely to when they think it will appreciate further.

Put your money where your mouth is, haha what does it matter? $125 to $5k in 5 weeks is pretty good regardless. My fist 100x was in Feb this year too actually. $400 to $40k in about 12 months.

I work in the industry, the firm that I run trades 2-3m every day from crypto to fiat and vice versa, fully regulated. I have a decent chunk in BTC or butcoin (hilarious, did you come up with that yourself?) and probably 50-60% of my net worth in crypto overall. So yeah I'm pretty bullish to have 500k in a massive "gamble".

After you've finished stroking your ep33n, I'm going to agree to disagree on this one. My risk appetite is not high enough to include Butcoin in my assets. I would be happy with my index trackers, least I know i will not be at the mercy of the Crypto gods.

if you have invested the majority of your wealth and done well, good your gamble has taken off. I prefer less riskier ventures, and I don't even invest in Tesla for that matter. 

Like I said above, I’m not arsed whether I have 5k or 500k, if anything it’s much more fun grinding in the beginning anyway. The only reason those figures are there are in response to your comments. Money is in where the mouth is.

Good luck with your stonks

Billy_B_North

Scottex99 said:

csgohan4 said:

Scottex99 said:

More of a gamble than stocks? Happy to here your reasoning why.
It's not for everyone but the fastest growing asset of all time, fundamentals are the same as when it started, although it is moving closer to a store of value like gold than a currency these days. With layer 2 solutions you can buy goods with it but many people would be unlikely to when they think it will appreciate further.

Put your money where your mouth is, haha what does it matter? $125 to $5k in 5 weeks is pretty good regardless. My fist 100x was in Feb this year too actually. $400 to $40k in about 12 months.

I work in the industry, the firm that I run trades 2-3m every day from crypto to fiat and vice versa, fully regulated. I have a decent chunk in BTC or butcoin (hilarious, did you come up with that yourself?) and probably 50-60% of my net worth in crypto overall. So yeah I'm pretty bullish to have 500k in a massive "gamble".

After you've finished stroking your ep33n, I'm going to agree to disagree on this one. My risk appetite is not high enough to include Butcoin in my assets. I would be happy with my index trackers, least I know i will not be at the mercy of the Crypto gods.

if you have invested the majority of your wealth and done well, good your gamble has taken off. I prefer less riskier ventures, and I don't even invest in Tesla for that matter. 

Like I said above, I’m not arsed whether I have 5k or 500k, if anything it’s much more fun grinding in the beginning anyway. The only reason those figures are there are in response to your comments. Money is in where the mouth is.

Good luck with your stonks

So then how much money do you have in it?
It seems that most people shouting about how clever they are to own crypto have only a few Thebes of thousands in it and are laughing at the “fools” with hundreds of thousands or millions in more traditional investments.

Scottex99

Billy_B_North said:

Scottex99 said:

csgohan4 said:

Scottex99 said:

More of a gamble than stocks? Happy to here your reasoning why.
It's not for everyone but the fastest growing asset of all time, fundamentals are the same as when it started, although it is moving closer to a store of value like gold than a currency these days. With layer 2 solutions you can buy goods with it but many people would be unlikely to when they think it will appreciate further.

Put your money where your mouth is, haha what does it matter? $125 to $5k in 5 weeks is pretty good regardless. My fist 100x was in Feb this year too actually. $400 to $40k in about 12 months.

I work in the industry, the firm that I run trades 2-3m every day from crypto to fiat and vice versa, fully regulated. I have a decent chunk in BTC or butcoin (hilarious, did you come up with that yourself?) and probably 50-60% of my net worth in crypto overall. So yeah I'm pretty bullish to have 500k in a massive "gamble".

After you've finished stroking your ep33n, I'm going to agree to disagree on this one. My risk appetite is not high enough to include Butcoin in my assets. I would be happy with my index trackers, least I know i will not be at the mercy of the Crypto gods.

if you have invested the majority of your wealth and done well, good your gamble has taken off. I prefer less riskier ventures, and I don't even invest in Tesla for that matter. 

Like I said above, I’m not arsed whether I have 5k or 500k, if anything it’s much more fun grinding in the beginning anyway. The only reason those figures are there are in response to your comments. Money is in where the mouth is.

Good luck with your stonks

So then how much money do you have in it?
It seems that most people shouting about how clever they are to own crypto have only a few Thebes of thousands in it and are laughing at the “fools” with hundreds of thousands or millions in more traditional investments.

Tough work this. About 500k.
Scroll through the posts, you won’t see me calling myself clever other than I caught a couple of coins that mooned, maybe that was skill or luck but the gains are there.

Of course when you invest in any coin, doing 100x shouldn’t even be in your thoughts but BTC as a store of value and ETH as a utility coin are pretty solid in my book.

Nobody is forcing anyone to buy any crypto but the fastest growing asset of all time is surely worth a look 

birdofafeather

Get your bitcoin out of coinbase if you have any significant savings and get it in hardware wallets.

There was one of these exchanges that went up in smoke a few years ago when a bloke nicked all the money of crypto investors. Hardware wallets protect you from that. Not your keys, not your coin.

https://www.forbes.com/sites/tatianakoffman/2020/09/24/best-crypto-hardware-wallets-of-2020/?sh=10e0d3e24224

whatstheplan

I was going to buy some BTC back in 2017, now kicking myself however that's hindsight.  Rightly or wrongly I won't be buying at current prices, a £5k punt will get you 0.12 BTC.  So if your strategy is to hold, to get a reasonable return of let's say £20k inc original investment it needs to rise in value to £168k, or £336k to achieve a £40k return.  Plenty say it's going to achieve this and more, what do I know however I'm not convinced.

Having said all that I'll watch with interest.  If we see a crash to £20k I might put £5k in to get 0.25 and see where it takes me.

I do think crypto isn't going anywhere.  Yes it's early days, yes many of the coins will die, yes we'll see many changes, however the underlying premise and the technology to deliver it isn't going anywhere.  Gradually, it will be looked on as less of a punt and more of a valid investment strategy.  Presently, many people simply don't understand that much about it.  Also, I don't think it's valid for banks to stop their customers transferring money to legitimate companies such as Coinbase, after all, it's your money in the account is it not? 

Scottex99

birdofafeather said:

Get your bitcoin out of coinbase if you have any significant savings and get it in hardware wallets.

There was one of these exchanges that went up in smoke a few years ago when a bloke nicked all the money of crypto investors. Hardware wallets protect you from that. Not your keys, not your coin.

https://www.forbes.com/sites/tatianakoffman/2020/09/24/best-crypto-hardware-wallets-of-2020/?sh=10e0d3e24224

Not your keys, not your coins, true.
But the likes of CB, Binance, Kraken and any other reputable exchanges should be fine. CB is about to IPO for $90bn, they are not gonna be stealing/losing coins, anytime soon.
But yeah, cold storage best place for stuff, long term