[Finance] The cryptocurrency (Bitcoin etc) thread

[Tom Hark Preston Park]

I personally think Bitcoin will hit 70-75k this year. Just an educated guess though, we will see. It might be higher. There is a lot going on in crypto at the moment.

Not that much of 'an educated guess' then

 

[KeegansHairPiece]

On a side note for investors out there I've taken a small punt on a few airlines working on the basis they all crashed due to covid but as holiday season is on us and people are beginning to travel again then airlines should see considerable growth?

I know a former airline captain - he thinks it will take years to recover. The losses are huge. Thousands of planes not needed but needing maintenance, storage. Could be many factors at work before this sector really starts to turn growth and profit. Just opinions.

 

[Marshy]

Not that much of 'an educated guess' then

70-75 is pretty specific ! come on....

 

[Tyrone Biggums]

agree but also reluctant to look too far ahead on world changing projects, the institutions can roll their own applications so many bright hopes will never be used.

whats really interesting on that front is you cant really buy up a token like you can a company, to absorb the IP.

I heard on a video the other day that it's very hard for projects to find people to hire because there's not a large pool of people to be pulling new or replacement staff from for a lot of what's required.

This even impacts some of the bigger name projects.

So not as simple a path for institutions to just walk into a space and have a successful project rolling out quickly.

 

[beorhthelm]

My tip going forward is Global ID.

As soon as i can buy into that in someway im getting it. I havent checked in a while actually will look later tonight when home.

there's been a few, Civic i recall, there was Sovrin but disappeared it seems. someone once said the entire ICO phase passed on identity coins, relying on other systems for KYC. shouldnt *need* a dedicated token for ID once you do one KYC signed with a wallet.

 

[Marshy]

What percentage of your available wealth have you got invested in crypto ?

available wealth... probably 80% and 90% of that is in just 2 crytpos, I have researched extensively and taken in my opinion calculated gamble on.

Its not a huge amount of money... i can afford to lose it, and if i do so be it, it wont change my life in anyway if i do.

But it could change my life hugley if things go well.

I am currently 3 times up on my money. Even after this latest crash.

I believe in my cryptos going forward and have no intention of selling them for at least a few years, when i expect this space to be much different and far more mature.

This is in my opinion is a once in a generation opportunity to make real wealth from a small investment.

 

[Marshy]

there's been a few, Civic i recall, there was Sovrin but disappeared it seems. someone once said the entire ICO phase passed on identity coins, relying on other systems for KYC. shouldnt *need* a dedicated token for ID once you do one KYC signed with a wallet.

I follow the money. And Gregg Kidd is behind Global ID. He is seriously connected, everything he touches turns to Gold. Also its a great idea.

If he is invovled its a sure fire win in my opinion.

 

[DJ NOBO]

available wealth... probably 80% and 90% of that is in just 2 crytpos, I have researched extensively and taken in my opinion calculated gamble on.

Its not a huge amount of money... i can afford to lose it, and if i do so be it, it wont change my life in anyway if i do.

But it could change my life hugley if things go well.

I am currently 3 times up on my money. Even after this latest crash.

I believe in my cryptos going forward and have no intention of selling them for at least a few years, when i expect this space to be much different and far more mature.

This is in my opinion is a once in a generation opportunity to make real wealth from a small investment.

along with premium bonds of course ;-)

 

[Marshy]

along with premium bonds of course ;-)

Yep if you get lucky you get lucky...

I will be making alot more out of my crypto than i did with that ...;-)

 

[Charlies Shinpad]

On a side note for investors out there I've taken a small punt on a few airlines working on the basis they all crashed due to covid but as holiday season is on us and people are beginning to travel again then airlines should see considerable growth?

Agree with that and I've a few quid in easyJet and Tui

Sent from my EML-L09 using Tapatalk

 

[wealdgull]

there's been a few, Civic i recall, there was Sovrin but disappeared it seems. someone once said the entire ICO phase passed on identity coins, relying on other systems for KYC. shouldnt *need* a dedicated token for ID once you do one KYC signed with a wallet.

https://iden3.io/ was the farthest ahead in terms of the understanding of the issue and ability to solve it, but they may have been side-tracked recently.

 

[DJ NOBO]

Yep if you get lucky you get lucky...

I will be making alot more out of my crypto than i did with that ...;-)

I’ve had a bit of a mare with crypto so far.
I watched Eth for a while and didn’t buy but then, when it exploded a couple of Saturdays ago I bought in. My thinking was if I don’t buy now, it’ll be out of reach. It looked like one-way traffic at that point. Then.....
CRASH. Cue the biggest crypto fallout for ages.
Like a stereotypical newbie I misjudged the dip several times and before I knew it I was throwing good money after bad and found myself a long, long way down.
Two thirds of that fall has been recovered, as it stands, but in monetary terms it is still some way to go before it is honours even.
The Eth rate has been dicking around for the past couple of days, and it is a concern that this is a bear trap and the crash is not over. I’ll probably hold anyway, but it is a horrible feeling being down on your hard-earned rather than down on profit.
So to anyone thinking of investing, let this be a cautionary tale. Get it wrong and you can find yourself in a deep hole. And to an extent, success in crypto investing is down to luck.
Marshy, I note what you say about Eth becoming outdated before long. Interesting view which I will look into as I’m mainly invested in it, along with a chunk in cardano, a bit less in litecoin, and pocket money in doge, shib and safe moon

 

[Marshy]

I’ve had a bit of a mare with crypto so far.
I watched Eth for a while and didn’t buy but then, when it exploded a couple of Saturdays ago I bought in. My thinking was if I don’t buy now, it’ll be out of reach. It looked like one-way traffic at that point. Then.....
CRASH. Cue the biggest crypto fallout for ages.
Like a stereotypical newbie I misjudged the dip several times and before I knew it I was throwing good money after bad and found myself a long, long way down.
Two thirds of that fall has been recovered, as it stands, but in monetary terms it is still some way to go before it is honours even.
The Eth rate has been dicking around for the past couple of days, and it is a concern that this is a bear trap and the crash is not over. I’ll probably hold anyway, but it is a horrible feeling being down on your hard-earned rather than down on profit.
So to anyone thinking of investing, let this be a cautionary tale. Get it wrong and you can find yourself in a deep hole. And to an extent, success in crypto investing is down to luck.
Marshy, I note what you say about Eth becoming outdated before long. Interesting view which I will look into as I’m mainly invested in it, along with a chunk in cardano, a bit less in litecoin, and pocket money in doge, shib and safe moon

You will get your money back in Eth soon enough and a healthy profit i have no doubt, try not to be effected by all the ups and downs, although this was a big down, If you are holding like i am and beleive in the utility of your token it helps greatly.

Im not interested in only doubling/tripling my money over a year, which is what you can expect from Bitcoin and Eth if things go well so I have chosen others.

I like Cardano a lot, If i had any more money to invest and was going to choose another crypto it would be that.

I have always gone with the idea i will lose everything. But am more confident with each day i wont and am on a couple of big winners.

 

[beorhthelm]

I heard on a video the other day that it's very hard for projects to find people to hire because there's not a large pool of people to be pulling new or replacement staff from for a lot of what's required.

This even impacts some of the bigger name projects.

So not as simple a path for institutions to just walk into a space and have a successful project rolling out quickly.

dont know what their paying but usually devs can be found for the right money. banks have a different, easier set of criteria to those seeking to disrupt them. blockchain is not that complicated conceptual, any decent dev team could implement something for internal/sector based without the decentralisation. that's the hard part to deliver, and at scale.

 

[Barnet Seagull]

You will get your money back in Eth soon enough and a healthy profit i have no doubt, try not to be effected by all the ups and downs, although this was a big down, If you are holding like i am and beleive in the utility of your token it helps greatly.

Im not interested in only doubling/tripling my money over a year, which is what you can expect from Bitcoin and Eth if things go well so I have chosen others.

I like Cardano a lot, If i had any more money to invest and was going to choose another crypto it would be that.

I have always gone with the idea i will lose everything. But am more confident with each day i wont and am on a couple of big winners.

You need to bear in mind that a very large number of the cryptocurrency projects out there are running on ETH. It isn't going anywhere due to its utility BUT there are other infrastructure projects out there that look to solve some of its problems and may eventually win out. If you want to win long term, you need to understand the products you're gambling on and understand the market around it. If you do that, you'll see the opportunities and you can de-risk a little.

 

[giveusfalmerplease]

I’ve had a bit of a mare with crypto so far.
I watched Eth for a while and didn’t buy but then, when it exploded a couple of Saturdays ago I bought in. My thinking was if I don’t buy now, it’ll be out of reach. It looked like one-way traffic at that point. Then.....
CRASH. Cue the biggest crypto fallout for ages.
Like a stereotypical newbie I misjudged the dip several times and before I knew it I was throwing good money after bad and found myself a long, long way down.
Two thirds of that fall has been recovered, as it stands, but in monetary terms it is still some way to go before it is honours even.
The Eth rate has been dicking around for the past couple of days, and it is a concern that this is a bear trap and the crash is not over. I’ll probably hold anyway, but it is a horrible feeling being down on your hard-earned rather than down on profit.
So to anyone thinking of investing, let this be a cautionary tale. Get it wrong and you can find yourself in a deep hole. And to an extent, success in crypto investing is down to luck.
Marshy, I note what you say about Eth becoming outdated before long. Interesting view which I will look into as I’m mainly invested in it, along with a chunk in cardano, a bit less in litecoin, and pocket money in doge, shib and safe moon

yeah feel your pain -only started yesterday and there have been a lot of reds today and from my initial $2000 (in 2 stages yesterday) im already down 100.

 

[DJ NOBO]

yeah feel your pain -only started yesterday and there have been a lot of reds today and from my initial $2000 (in 2 stages yesterday) im already down 100.

You appear to be getting in at a good time, although with crypto you never know . There’s quite a lot of revisionist thinking in crypto.
The reality is that the market could be down 40% by this time tomorrow. Unlikely , but entirely possible. But then it could go back up by by Sunday . It’s mental

 

[SK1NT]

On a side note for investors out there I've taken a small punt on a few airlines working on the basis they all crashed due to covid but as holiday season is on us and people are beginning to travel again then airlines should see considerable growth?

airlines plummeted at the start of covid however a week later started to recover. I wanted to invest but thought the share price will drop more but they didn't. Airline share prices are barely down. I don't have a clue why.

 

[SK1NT]

You will get your money back in Eth soon enough and a healthy profit i have no doubt, try not to be effected by all the ups and downs, although this was a big down, If you are holding like i am and beleive in the utility of your token it helps greatly.

Im not interested in only doubling/tripling my money over a year, which is what you can expect from Bitcoin and Eth if things go well so I have chosen others.

I like Cardano a lot, If i had any more money to invest and was going to choose another crypto it would be that.

I have always gone with the idea i will lose everything. But am more confident with each day i wont and am on a couple of big winners.

I may take a punt on Cardano. What makes it different from other cryptos?

 

[Tyrone Biggums]

Elrond is actually a better blockchain project than many of the big name ones. However, it's tokenomics let it down big time thus despite the tech it's not that good on an investment.