In reply to Post #30
nudging 30k now. Big institutions are now involved, likely to correct near term but with banks on the scene it could go nuclear.
I might wait for it to drop, and then short it - missed the boat for now I reckon.
nudging 30k now. Big institutions are now involved, likely to correct near term but with banks on the scene it could go nuclear.
I might wait for it to drop, and then short it - missed the boat for now I reckon.
In reply to Post #31
Was woken at 4am by an old alert to say BTC had passed $35,000!
I'm not sure shorting it after a big drop is statistically wise - if you have BTC then just hold it. Shorting it requires leverage, which means you can lose the 'precious' very quickly.
Was woken at 4am by an old alert to say BTC had passed $35,000!
I'm not sure shorting it after a big drop is statistically wise - if you have BTC then just hold it. Shorting it requires leverage, which means you can lose the 'precious' very quickly.
In reply to Post #32
Can the $35,000 be transferred into cash or used to buy things?
Can the $35,000 be transferred into cash or used to buy things?
In reply to Post #33
Yes there are many exchanges out there, I use Coinbase and have had no problem selling my BTC back to USD, and then sent to my bank account (you have to give them the International account number) in sterling.
Yes there are many exchanges out there, I use Coinbase and have had no problem selling my BTC back to USD, and then sent to my bank account (you have to give them the International account number) in sterling.
In reply to Post #32
Cant short it now. FCA have changed the rules on derivatives trading which prevents shorting crypto. Probably for the best.
I don't hold any but I did back in 2013! Cashed it as I needed the money at the time - big mistake.
Cant short it now. FCA have changed the rules on derivatives trading which prevents shorting crypto. Probably for the best.
I don't hold any but I did back in 2013! Cashed it as I needed the money at the time - big mistake.
I've been doing lots of research Recently into crypto and wondered if any fellow carpers are involved.
In Mining Crypto and Block chain.
A couple of years ago most people's consensus was it was a scam and mostly BS. I'm not so sure now, the markets are changing and investors are seriously getting involved in online currency's . ,... We've seen it go from a couple of grand to 40 grand. Some are saying 150-200k within 5-10 years.
I have no doubt that at some point it's the future however the lack of regulations and protection is concerning.
This week's craziness with Reddit and Game stop can only show how vulnerable things can become and how much manipulation goes on.
Interested to hear you opinions
In Mining Crypto and Block chain.
A couple of years ago most people's consensus was it was a scam and mostly BS. I'm not so sure now, the markets are changing and investors are seriously getting involved in online currency's . ,... We've seen it go from a couple of grand to 40 grand. Some are saying 150-200k within 5-10 years.
I have no doubt that at some point it's the future however the lack of regulations and protection is concerning.
This week's craziness with Reddit and Game stop can only show how vulnerable things can become and how much manipulation goes on.
Interested to hear you opinions
In reply to Post #36
I started mining Bitcoin back in 2013 I think it was, just with a old Dell desktop. I did mine some, and had a wallet but to be honest didn't really know what I was doing. Recently got the old HD's from the loft as am moving house soon and am scanning them to see if I did actually have some, but TBH I don't have the keys and probably re-formatted the drives anyway as used to use bit torrent, so 'hopefully' I dont have any....... :/
The price today is $50,000. At one point in 2016 I had over 1 Bitcoin from trading other Alt-coins and sold it for like a grand profit, which was spunked on beers and bait.
Should have held it, oh well! At the time it was still over 100% profit, which can't be sniffed at but hindsight is a wonderful thing!
I am now just holding bits of BTC, ETH, ETN, LINK, etc.. Looking into using DeFi (decentralised finance), to try and get some sort of yield. Lot's of big money institutions are putting 1-5% of their assets into Bitcoin, mainly due to the FOMO and also because it genuinely has value and holds value. Digital payments and data storage IS the future.
Looking at global finance (long term bonds) it doesn't look pretty does it with negative rates in bonds, ECB/EU with their trillions of unsterilised Euros stimulus, USD Fed with the same, China the same. This is were the value is coming into BTC.
If you have some spare cash sitting around that you don't mind risking then i'd look at buying BTC or ETH, or even look at yield finance or staking finance. It's your choice at the end of the day, but holding cash, if the bond mkts are predicting, it's value (buying power) is likely to be eaten away via inflation (to get ride of the governments debts 'borrowed' from their central banks via money 'printing')
Hope that helps?
I started mining Bitcoin back in 2013 I think it was, just with a old Dell desktop. I did mine some, and had a wallet but to be honest didn't really know what I was doing. Recently got the old HD's from the loft as am moving house soon and am scanning them to see if I did actually have some, but TBH I don't have the keys and probably re-formatted the drives anyway as used to use bit torrent, so 'hopefully' I dont have any....... :/
The price today is $50,000. At one point in 2016 I had over 1 Bitcoin from trading other Alt-coins and sold it for like a grand profit, which was spunked on beers and bait.
Should have held it, oh well! At the time it was still over 100% profit, which can't be sniffed at but hindsight is a wonderful thing!
I am now just holding bits of BTC, ETH, ETN, LINK, etc.. Looking into using DeFi (decentralised finance), to try and get some sort of yield. Lot's of big money institutions are putting 1-5% of their assets into Bitcoin, mainly due to the FOMO and also because it genuinely has value and holds value. Digital payments and data storage IS the future.
Looking at global finance (long term bonds) it doesn't look pretty does it with negative rates in bonds, ECB/EU with their trillions of unsterilised Euros stimulus, USD Fed with the same, China the same. This is were the value is coming into BTC.
If you have some spare cash sitting around that you don't mind risking then i'd look at buying BTC or ETH, or even look at yield finance or staking finance. It's your choice at the end of the day, but holding cash, if the bond mkts are predicting, it's value (buying power) is likely to be eaten away via inflation (to get ride of the governments debts 'borrowed' from their central banks via money 'printing')
Hope that helps?
In reply to Post #37
Bitcoin sitting at 60k now.
looking now more likely to push to $75k, bouyed by US stimulus cheques.
$1,400 x 210,000,000 (amount of adults in the US) = 294,000,000,000 ($294 billion) is going to be ploughed into the US stock mkt and crytocurrency mkt.
The US Fed has been (somewhat) illegally buying actual stocks, bonds and ETFs since the end of last year (source Forbes: https://www.forbes.com/sites/kevincoldiron/2020/07/18/the-fed-is-going-to-buy-stocks/?sh=384054c5eb49)
So the play is going to be a massive influx of this helicopter money ($294bn) into the already bullish stock market (stimulated by the federal reserve, via direct buying and through manipulating bond rates) over the next couple of weeks.
I'd say the overall plan would be to let the US indexes rise and rise, til late summer (end of Aug/Sep), then i'd put my money on a big 'event' happening late summer which is when the federal reserve will start selling everything (prior top the event), creating a big landslide of the mkts when the public sell what they bought at a loss and the Fed and US government get their money back.
Printing these cheques is supposed to create more velocity (rate a which money swaps hands) to boost GDP v EPS on the major indexes, but it's all going on red....
This is my pessimistic opinion only.
Bitcoin sitting at 60k now.
looking now more likely to push to $75k, bouyed by US stimulus cheques.
$1,400 x 210,000,000 (amount of adults in the US) = 294,000,000,000 ($294 billion) is going to be ploughed into the US stock mkt and crytocurrency mkt.
The US Fed has been (somewhat) illegally buying actual stocks, bonds and ETFs since the end of last year (source Forbes: https://www.forbes.com/sites/kevincoldiron/2020/07/18/the-fed-is-going-to-buy-stocks/?sh=384054c5eb49)
So the play is going to be a massive influx of this helicopter money ($294bn) into the already bullish stock market (stimulated by the federal reserve, via direct buying and through manipulating bond rates) over the next couple of weeks.
I'd say the overall plan would be to let the US indexes rise and rise, til late summer (end of Aug/Sep), then i'd put my money on a big 'event' happening late summer which is when the federal reserve will start selling everything (prior top the event), creating a big landslide of the mkts when the public sell what they bought at a loss and the Fed and US government get their money back.
Printing these cheques is supposed to create more velocity (rate a which money swaps hands) to boost GDP v EPS on the major indexes, but it's all going on red....
This is my pessimistic opinion only.
In reply to Post #38
Not every single person is going to put every single dollar of their stimmy into stocks
From what I've read and heard there are quite a few people YOLOing theirs into GME (and other meme stonks) for the MOASS that's potentially round the corner.
I think most Americans will be using the money for things like bills, rent etc rather than putting it into the casino
Not every single person is going to put every single dollar of their stimmy into stocks
From what I've read and heard there are quite a few people YOLOing theirs into GME (and other meme stonks) for the MOASS that's potentially round the corner.
I think most Americans will be using the money for things like bills, rent etc rather than putting it into the casino
In reply to Post #40
Well let's wait and see.....
Well let's wait and see.....
In reply to Post #39
Is that you Jamie?
It's not an 'idea'. The last stimulus cheques round saw billions in $1,200 deposits to exchanges just on and after the last cheques were sent out - I don't think that's a coincidence, the odd's are over a million to 1. Coinbase's deposits rose 400% alone. Those people made a lot of money, that paid their bills. They will do it again in the next 2 weeks....that's the psychology of it.
Private blockchains are centralised databases, not proper public BC's which are powered by anonymous nodes with proof of work verification (mining), so not very good for finance transactions, as they can be edited, lost, deleted... The public BC's (BTC, ETH, XMR, etc) are immutable and cannot be edited. Yesterday someone moved $1.1BN from wallet to wallet (like me sending money to you) and it's cost less than $50, and took minutes, it was then sold on the mkt last night. Public ledger BTC has usability for big transactions (housing buy/sell, fund management, infrastructure deals, overseas government to government, etc).
Banks like BOC say "Yeah, we use the blockchain tech guys, powered by the AI on a quantum computer with 10m qubits using monkey spunk..."..
Nah, sorry, they don't have a clue! But their share prices rise! Like the early 2000's when companies bought a website and their share prices would double overnight.
Is that you Jamie?
It's not an 'idea'. The last stimulus cheques round saw billions in $1,200 deposits to exchanges just on and after the last cheques were sent out - I don't think that's a coincidence, the odd's are over a million to 1. Coinbase's deposits rose 400% alone. Those people made a lot of money, that paid their bills. They will do it again in the next 2 weeks....that's the psychology of it.
Private blockchains are centralised databases, not proper public BC's which are powered by anonymous nodes with proof of work verification (mining), so not very good for finance transactions, as they can be edited, lost, deleted... The public BC's (BTC, ETH, XMR, etc) are immutable and cannot be edited. Yesterday someone moved $1.1BN from wallet to wallet (like me sending money to you) and it's cost less than $50, and took minutes, it was then sold on the mkt last night. Public ledger BTC has usability for big transactions (housing buy/sell, fund management, infrastructure deals, overseas government to government, etc).
Banks like BOC say "Yeah, we use the blockchain tech guys, powered by the AI on a quantum computer with 10m qubits using monkey spunk..."..
Nah, sorry, they don't have a clue! But their share prices rise! Like the early 2000's when companies bought a website and their share prices would double overnight.
Not really been paying attention to it for the last month or so due to work load but yes it hit 60k I also have noticed Eth creeping closer to 2k
What do you think of Bitcoin stocks,... Greyscale, Hive , Riot ?
With Musk buying such a large amount do you think others will follow.
I'm thinking if one of the world's richest has taken the plunge then this will convince many of the sceptics.
Springs coming next week , get the rods out soon . Only be using my usual two though 😉
What do you think of Bitcoin stocks,... Greyscale, Hive , Riot ?
With Musk buying such a large amount do you think others will follow.
I'm thinking if one of the world's richest has taken the plunge then this will convince many of the sceptics.
Springs coming next week , get the rods out soon . Only be using my usual two though 😉
In reply to Post #44
I recently had a 660% return on Argo blockchain. Not a bad months work, more luck than judgement regarding the timings but luckily it was a fair chunk of cash originally invested, all that money is now back into my GGP stocks, which had an amazing 2020 and now going through a consolation period. I'm hoping we've seen the bottom of their tumble and hoping for a perfectly timed reentry, we'll see over the next couple of weeks...
I'm also keeping a keen eye on XRP, court case news dependant.
I recently had a 660% return on Argo blockchain. Not a bad months work, more luck than judgement regarding the timings but luckily it was a fair chunk of cash originally invested, all that money is now back into my GGP stocks, which had an amazing 2020 and now going through a consolation period. I'm hoping we've seen the bottom of their tumble and hoping for a perfectly timed reentry, we'll see over the next couple of weeks...
I'm also keeping a keen eye on XRP, court case news dependant.
In reply to Post #44
Greyscale, etc is the same as buying paper gold/silver - which supressed prices where they now have like 300:1 paper (where 300 people all 'own' the same physical metal in a German or Chinese vault. I just buy little bits of actual BTC, although I see the hedging point of it.
GGP as Greatland Gold? If so then WOW!....I remember have a bunch of shares back in the early days when it was 45p...sold at 50p!!!! : / (i think i needed the money at the time)
With XRP, they'll pay a fine to the SEC and get themselves cleared. What concerns me with them is the parent company Ripple create a sell tokens everyday to fund their operations, which aint always a bad thing, but does have a risk.
I bought some Palantir back last year at around $10, looking good for a long term hold with them, maybe a $1000+ stock in 10 years plus (or not!!).
The whole crypto world is confusing my head now, used to be simpler, but with all these things like NFTs, farming, staking, Defi, pooling... it's hard to keep abreast of it all.
Greyscale, etc is the same as buying paper gold/silver - which supressed prices where they now have like 300:1 paper (where 300 people all 'own' the same physical metal in a German or Chinese vault. I just buy little bits of actual BTC, although I see the hedging point of it.
GGP as Greatland Gold? If so then WOW!....I remember have a bunch of shares back in the early days when it was 45p...sold at 50p!!!! : / (i think i needed the money at the time)
With XRP, they'll pay a fine to the SEC and get themselves cleared. What concerns me with them is the parent company Ripple create a sell tokens everyday to fund their operations, which aint always a bad thing, but does have a risk.
I bought some Palantir back last year at around $10, looking good for a long term hold with them, maybe a $1000+ stock in 10 years plus (or not!!).
The whole crypto world is confusing my head now, used to be simpler, but with all these things like NFTs, farming, staking, Defi, pooling... it's hard to keep abreast of it all.
In reply to Post #46
I got into GGP at 5p and sold at 28p before it went onto 38p, it's now bobbling around 20p which is a great price considering the amount of gold and copper they're proving up and trying to find the end of the resource. Very little points for downside and loads of upside, I'm hoping it stays at these levels for a few more weeks so I can fill another ISA!
I got into GGP at 5p and sold at 28p before it went onto 38p, it's now bobbling around 20p which is a great price considering the amount of gold and copper they're proving up and trying to find the end of the resource. Very little points for downside and loads of upside, I'm hoping it stays at these levels for a few more weeks so I can fill another ISA!