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[Finance] The cryptocurrency (Bitcoin etc) thread



crookie

Well-known member
Jun 14, 2013
3,396
Back in Sussex
Bitcoin is a Ponzi. Scares the hell out of me. It's standing on the edge of a cliff and if someone decides to push it....

There's a certain class of crypto which has utility, which has a use case, and will be in demand. They've already been 'chosen' by the WEF, the BIS, and the IMF years ago.

Bitcoin is a distraction.

Save this post. In 5 years show it back to me. Buy me a pint if I'm right, or I'll buy you a pint if I'm wrong.....
That's the dilemma, only bought fairly recently, 2022, and not huge stakes. Pretty much doubled now. Might cash out the stakes and leave the profit in. Had written the investment off as soon as I made it anyway
 




Knocky's Nose

Mon nez est retiré.
May 7, 2017
4,212
Eastbourne
That's the dilemma, only bought fairly recently, 2022, and not huge stakes. Pretty much doubled now. Might cash out the stakes and leave the profit in. Had written the investment off as soon as I made it anyway
When the music stops there are only a few chairs left. These chairs have already been taken.

Holders will be stood there with their d*cks in their hands wondering what just happened....

(In my opinion, not financial advice, I know nothing, etc...)
 


ClemFandango

Well-known member
Oct 2, 2023
181
That's the dilemma, only bought fairly recently, 2022, and not huge stakes. Pretty much doubled now. Might cash out the stakes and leave the profit in. Had written the investment off as soon as I made it anyway
That’s what I did in 2016, took out the initial stake when I’d made enough profit and left the rest in ever since as a pain-free speculative punt
 


Knocky's Nose

Mon nez est retiré.
May 7, 2017
4,212
Eastbourne
That’s what I did in 2016, took out the initial stake when I’d made enough profit and left the rest in ever since as a pain-free speculative punt
There's a thing in crypto called "round-tripping"

Try and get out whilst it's considered at a 'high'. You'll know this time as the media will be going batshit telling you to buy it....

The media are owned by the institutions, and guess what... they don't care about you. ???
 
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Berty23

Well-known member
Jun 26, 2012
3,797
That's the dilemma, only bought fairly recently, 2022, and not huge stakes. Pretty much doubled now. Might cash out the stakes and leave the profit in. Had written the investment off as soon as I made it anyway
I have done this. Take ack the initial stake plus a bit and you will have more than if just left in a bank and if it collapses you can accept it. Although I keep taking out profit so it will never make me loaded but a few free quid here and there.
 








Seagull58

In the Algarve
Jan 31, 2012
8,802
Vilamoura, Portugal
Anyone getting involved with RXS?
One of my friends does lots of crypto research ( holds XRP among others) and he's excited about it; utility blah blah blah
I know nothing so I'm just asking those who are into crypto.
 




Notters

Well-known member
Oct 20, 2003
24,929
Guiseley
Hi - not posted on here for a very long time...

Just wondered what people's latest thoughts on PI are?
It's currently listed as around £40/coin.

I have around a dozen people on here that are in my referral team but most haven't shown their faces for years (and I can't remember any of the user names).
You have to KYC soon to transfer your coins to mainnet.
May be worth looking into getting back into it as we could be sitting on a goldmine (though who knows, frankly!)
Anyone?!
 




Berty23

Well-known member
Jun 26, 2012
3,797
After the Xmas dip it seems to be looking brighter again. My big hope for this year is Borg the SwissBorg token. They are having a real push for users of the Ap and if people are lazy like me and use their thematics then these all include Borg so more users would see price go up. Time will tell but that is my hope. Obviously it could all go wrong but this is all profit I am playing with so whatever happens happens. Not advice for anyone. Just hoping to come back here in a year and say “that worked”
 




beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
36,127
i think it's a advertising scam, generate lots of page impresssions. has zero profile in the space. the ~$50 valuation based on few hundred $ volume, the FDV is $5.1 Trillion, compare to all crypto valued at $3.5T. a valuation nearer $5billion, or $0.05 a token, would be more like reality, if it becomes available on open market and is a real, viable blockchain.
 


RandyWanger

Je suis rôti de boeuf
Mar 14, 2013
6,961
Done a Frexit, now in London
After the Xmas dip it seems to be looking brighter again. My big hope for this year is Borg the SwissBorg token. They are having a real push for users of the Ap and if people are lazy like me and use their thematics then these all include Borg so more users would see price go up. Time will tell but that is my hope. Obviously it could all go wrong but this is all profit I am playing with so whatever happens happens. Not advice for anyone. Just hoping to come back here in a year and say “that worked”

All my Borg is locked up in my membership with them. Can you ever downgrade or cash out of Borg? Say if I want to use Kraken and ditch Swiss altogether?
 


Berty23

Well-known member
Jun 26, 2012
3,797
All my Borg is locked up in my membership with them. Can you ever downgrade or cash out of Borg? Say if I want to use Kraken and ditch Swiss altogether?
I don’t have much locked up. Not sure how much you have locked up. I only have a few hundred so I get better fees but then have some of the different thematics. I also spend some of the early alpha offers they have. Dark machine comes up in about 3 months so I am intrigued to see what happens with that. I don’t really know how it works tbh. Just chucked a couple of hundred at it and hoping for the best.

Over the years I have sold some. When it reached 1 dollar 30 (or something like that) I took some out to buy a set of golf clubs and pay my membership. Then it tanked to about 10 cents so I got very lucky. Then bought more than I had in the first place for naff all.
 






Tim Over Whelmed

Well-known member
NSC Patron
Jul 24, 2007
10,716
Arundel
wow, loving the XRP & ETH spike!
 


Tim Over Whelmed

Well-known member
NSC Patron
Jul 24, 2007
10,716
Arundel
Anyone getting involved with RXS?
One of my friends does lots of crypto research ( holds XRP among others) and he's excited about it; utility blah blah blah
I know nothing so I'm just asking those who are into crypto.
I’d be more excited at XRP than anything at the moment.
 


beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
36,127
if you're excited by XRP and not Fartcoin, doing it all wrong.
 








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