coin base crypto currency

Scottex99

whatstheplan said:

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? 

It hit $20k in the last bullrun in 2107 , when Covid started it crashed to $4k, now sitting at $58.5k.
It took a couple of years to break the previoius $20k ATH, people would have said you were crazy to buy there when it was that expensive, couple of months later, it's 3x that value.
DYOR but I think it could hit the $70-80k mark this year, maybe even break $100k. If the narrative of institutional buying keeps playing out and the alternative store of value holds, I don't see why not. Of course it can crash back 30% within a day but that's kind of what BTC does.
I've bought at the bottom and I'm still buying now.
Retail banks don't want to touch it as it's "high risk" and also a threat to them. That being said there's more and more crypto friendly EMIs popping up and we've made large transfers to/from a lot of them now. And if you work with a regulated firm and can show relevant trade receipts, you'll get through the compliance checks eventually

pphillips

whatstheplan said:

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? 

I have to say that I disagree with your views about cryptocurrencies. A few years ago I thought that cryptocurrency was monopoly money, it was just fad and it would soon crash and burn, clearly I was wrong. Whether you understand crypto or not, what really matters (as we have seen regarding BTC and ETH) is starting early and being in it for the long term. Financial institutions in the UK probably won't see crypto as a legitimate investment for years to come and who knows where that market will be by them.

Notepad_Phil

pphillips said:

I have to say that I disagree with your views about cryptocurrencies. A few years ago I thought that cryptocurrency was monopoly money, it was just fad and it would soon crash and burn, clearly I was wrong. Whether you understand crypto or not, what really matters (as we have seen regarding BTC and ETH) is starting early and being in it for the long term. Financial institutions in the UK probably won't see crypto as a legitimate investment for years to come and who knows where that market will be by them.

I'd say that what really matters is whether there is an actual use for it long term.

Personally, something that relies on you starting early is not really a long term investment that I'd want to be involved with.

Billy_B_North

Scottex99 said:

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 

What’s the intention? It’s worthless unless spent, so at some point will you use if for property, living expenses, or other investments?

Scottex99

Notepad_Phil said:

pphillips said:

I have to say that I disagree with your views about cryptocurrencies. A few years ago I thought that cryptocurrency was monopoly money, it was just fad and it would soon crash and burn, clearly I was wrong. Whether you understand crypto or not, what really matters (as we have seen regarding BTC and ETH) is starting early and being in it for the long term. Financial institutions in the UK probably won't see crypto as a legitimate investment for years to come and who knows where that market will be by them.

I'd say that what really matters is whether there is an actual use for it long term.

Personally, something that relies on you starting early is not really a long term investment that I'd want to be involved with.

There will be much more use than there is now. Crypto(currency) is 12 years old, we're insanely early

Scottex99

Billy_B_North said:

Scottex99 said:

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 

What’s the intention? It’s worthless unless spent, so at some point will you use if for property, living expenses, or other investments?

What do you mean what's the intention? The same as every other investment, to make money. 

Oh yeah, mustn't forget buying a few lambos

whatstheplan

pphillips said:

whatstheplan said:

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? 

I have to say that I disagree with your views about cryptocurrencies. A few years ago I thought that cryptocurrency was monopoly money, it was just fad and it would soon crash and burn, clearly I was wrong. Whether you understand crypto or not, what really matters (as we have seen regarding BTC and ETH) is starting early and being in it for the long term. Financial institutions in the UK probably won't see crypto as a legitimate investment for years to come and who knows where that market will be by them.

What part of my views do you disagree with?  For clarity I said I do think crypto isn't going anywhere so I think we're on the same page?

I personally think some of the distain around crypto is sour grapes, especially when referring to people that got in early doors and are now paper millionaires/billionaires.  And like any investment/gamble, take the worst case scenario of it crashing.  What does it matter as long as you get out in time and you're up overall?  Yes it's dangerous if you invest/gamble what you can't afford and don't understand what you're buying into, however that's down to the individual, fomo etc.

Billy_B_North

Scottex99 said:

Billy_B_North said:

Scottex99 said:

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 

What’s the intention? It’s worthless unless spent, so at some point will you use if for property, living expenses, or other investments?

What do you mean what's the intention? The same as every other investment, to make money. 

Oh yeah, mustn't forget buying a few lambos

I mean exit strategy. Is it a price target that’ll decide when you start selling it and buying the cars?

pphillips

whatstheplan said:

pphillips said:

whatstheplan said:

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? 

I have to say that I disagree with your views about cryptocurrencies. A few years ago I thought that cryptocurrency was monopoly money, it was just fad and it would soon crash and burn, clearly I was wrong. Whether you understand crypto or not, what really matters (as we have seen regarding BTC and ETH) is starting early and being in it for the long term. Financial institutions in the UK probably won't see crypto as a legitimate investment for years to come and who knows where that market will be by them.

What part of my views do you disagree with?  For clarity I said I do think crypto isn't going anywhere so I think we're on the same page?

I personally think some of the distain around crypto is sour grapes, especially when referring to people that got in early doors and are now paper millionaires/billionaires.  And like any investment/gamble, take the worst case scenario of it crashing.  What does it matter as long as you get out in time and you're up overall?  Yes it's dangerous if you invest/gamble what you can't afford and don't understand what you're buying into, however that's down to the individual, fomo etc.

What I disagreed with was that "crypto isn’t going anywhere", which means you believe that it's going to fail but perhaps I misinterpreted what you said. If you didn't mean what I thought you did then we might be on the same page.

Of course I accept that there are risks involved and that it's possible to lose money, but ultimately I accept that crypto is here to stay and I see it overtaking traditional currencies in the future, in my opinion there is no hurry to "get out in time". 

Scottex99

Billy_B_North said:

Scottex99 said:

Billy_B_North said:

Scottex99 said:

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 

What’s the intention? It’s worthless unless spent, so at some point will you use if for property, living expenses, or other investments?

What do you mean what's the intention? The same as every other investment, to make money. 

Oh yeah, mustn't forget buying a few lambos

I mean exit strategy. Is it a price target that’ll decide when you start selling it and buying the cars?

Ah ok, yeah good question.
I've got a load of clients who accumulated life changing money in the first big bull run up to Dec 17. In 2018 almost all coins got rekt about 90% in "Crypto Winter".

This time round people are a bit more savvy and might have targets for tangible things like cars and houses but it's dependent on the person I guess. I don't really treat my Blockfolio as real money, didn't cost me much over the years either. In crypto you learn new stuff every day and i'm happy with that and getting rich is a by-product.