Quick, quick, buy your allocation before somebody else has taken it.
* Dogecoin, in contrast to bitcoin, has no limits to issuance. There is no limit on the total amount of coins issued. Oh, and over 80% of the coins in circulation are owned by five whales, each of them worth billions. I am sure they have complete trust in the future of this fine currency/asset and see no need to capitalise on their newfound wealth. All is good, all will be better.
Someone who lies about the little things will lie about the big things too.
We’re all big boys here and I’m pretty certain we all know what it’s all about.
Unless someone on here cashed in their life’s savings we’ll be fine.
Didn’t realise that ownership shape, I’m not confident in my timing here & again missed boat after boat. Should have jumped into all this when I researched it years ago.
Colleague did rather well & now no longer works & has a rather nice yacht along with some dream cars. Oh well. I doubted him at the time, but the boy did good.
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Someone who lies about the little things will lie about the big things too.
I’ve got a few lower powered graphics cards knocking about. Probably set them to mining doge for a bit , see what hapoens. I do agree though its an utterly useless crypto .
Someone who lies about the little things will lie about the big things too.
I’m assuming all you Bitcoin investors are fully fledged investment experts and didn’t just buy a load to make a quick killing?
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Yes I am a professional trader (20 years with a specialisation in Options trading). No-one here is suggesting putting a large percentage of a portfolio in crypto, but instead, we can have an adult conversation about a small (1-5%) allocation in this new asset class.
Using Bitcoin as an example (being the largest by market cap), this asset has appreciated on average in excess off 200% year-on-year since inception 13 years ago. No other asset class comes close. In the last 20 years of trading (FX, Credit and Commodities), I have seen nothing similar to the asymmetry and risk reward profile that existed in Bitcoin in April/May last year.
It was the trade of a lifetime.
What I find annoying is the number of people who have strong opinions on Bitcoin and yet have done little or no research on it. Too many people take a scare story in the Daily Mail or the like and consider it gospel.
Please, please, please educate yourself. Dig deep. You will be rewarded.
If nothing else, it is worth noting the great trading minds that value this space:
Paul Tudor-Jones
Stanley Druckenmiller
Jamie Dimon (quite a U-turn Jimmy!)
Raoul Pal
Mike Novogratz and the team at Fortress/Pantera
I'am intrigued by crypto but know little about it, I did ask questions here a few months ago about Ethereum, at the time I could have bought one coin for the amount I had in BP which was about £700, today that would be worth £2500.
With so many crypto's out there is it worth punting on any of the unknowns/lower value?
I know very little about crypto but with so many coins around now, I felt it best to stick with Ethereum and Bitcoin.
I’ve also got some of the freebies that Coinbase give out for reading about them. They’re worth about £60 now.
Exactly and thanks for the reply. As you say I don’t think anyone in here has been foolish enough to Chuck their life’s savings in to doge. For me it’s a punt, a bit of fun, a lottery ticket or throwing a tonne on the grand national. I seriously don’t understand the angst and the reasons for the memes and videos about dogecoin.
Let people make their choices and spend their hard earned where they want.
Last edited by Franky Four Fingers; 6th May 2021 at 23:43.
I think I'll buy some Doge.
Definitely won't be holding onto it for long. Maybe some Bitcoin and Ethereum for the longer term.
I always liked the idea of Ethereum, it appeared to have some use. Talk of it eventually taking over Bitcoin.
But we have to understand that this all has balls all to do with intrinsic value. Maybe Doge will take over - powered by whacky billionaires and Reddit types.
I’ve got a small punt on telcoin which I quite liked the idea behind it etc it’s performed quite well so withdrew my initial stake and the rest can ride, similar to many on this thread for me it’s a punt if something catches my attention I’ll have a small go. I’ve done pretty well on a few coins over the years which I don’t pretend to understand why purely through luck rather than skill I’ve managed to follow the same pattern of withdrawing my initial and leaving the profits in the main, algorand is another I fancy my £50 in that is around £250 now I think.
Back in December I transfered £200 of BNB to my 13yo son on his request (trust wallet). He split it 50:50 with ETH, and never got around to buying bitcoin with the remaining BNB. Lucky him, that holding is now worth £1800. He is continuing to let it ride.
The alts can really fly, but the downside can be much bigger too.
I'm in!!
Just having a little flutter to learn how Binance works, Wallets etc, I have bought 20 Cardano and as my lad seems to look up to Mr Musk I bought 40 Doge, £42 for a bit of fun!
I think as the weeks/months go on I'll do research and try to add small amounts to build up a diversified crypto investment, looks interesting..
Thanks Dave, I'm currently signed up with Binance so I'll look into Coinbase.
Thanks for passing on the tips, for some reason Binance who I'm trading with doesnt recognise Telcoin, maybe I need a Coinbase account too?
I get your advice and will move up to the bigger crypto's once I have a better understanding of how all this works.
So far I needed no balls - just stupidity, minimal research and hoping for a lot of luck!
https://www.coingecko.com/en
https://coinmarketcap.com/
are good resources to check what exchanges sell the Crypto you want
Please can someone help with my understanding...
Exchange = Is only a place to buy and sell crypto, but holding your crypto there leaves a possible risk of it being stolen/hacked.
Wallet = A security option, buying/moving crypto into a online wallet it still can be stolen/hacked unless your crypto is in a cold storage wallet/device.
Staking = An opportunity for your crypto to earn interest or tokens on a platform, but your crypto can be stolen/hacked.
So if i was to invest/gamble on crypto I should buy on an exchange, then buy and move X amount into a cold storage wallet/device for LTH, move X amount into a staking platform if I want earn interest/have a passive income?
Very interesting article by Matt Levine in Bloomberg today, contains amongst other this little gem:
Just imagine traveling 10 years back in time and trying to explain this to someone; just imagine what an idiot you’d feel like. “There’s going to be this online currency that people think is a form of digital gold, and then there’s going to be a different online currency that is a parody of the first one based on a meme about a talking Shiba Inu, and that one will have a market capitalization bigger than 80% of the companies in the S&P 500, and its value will fluctuate based on things like who is hosting ‘Saturday Night Live’ and whether people tweet a hashtag about it on the pot-joke holiday, and Bloomberg will write articles and banks will write research notes about those sorts of catalysts, and it will remain a perfectly ridiculous content-free parody even as people properly take it completely seriously because there are billions of dollars at stake.”
For that matter, imagine being me, now, and trying to say something interesting about this; just imagine what an idiot I feel like. I hope Elon Musk is funny on SNL! That will make the value of Dogecoin go up! Me, I want to write about dynamic hedging of inverse exchange-traded notes on volatility indexes, but that’s not how finance works anymore. “Don't forget to pencil in the SNL opening as a key market event risk for next week,” tweeted Bloomberg’s Tracy Alloway.
In the last dumb, dumb year I have proposed two very dumb theories of financial markets, both of which seem relevant to Dogecoin:
The boredom markets hypothesis says that people will buy stocks when buying stocks is more fun than other things they could be doing for fun.
The Elon markets hypothesis says “that things are valuable not based on their cash flows but on their proximity to Elon Musk.”
Bloomberg
Someone who lies about the little things will lie about the big things too.
That is basically right though “cold storage” is a sort of general term for a variety of offline storage solutions that are by design slightly awkward to access and use; what you really require for long term storage is a “secure” solution and there are many options for that only some of which are strictly “cold” storage.
Thanks.
I've seen that ledger USB wallet with a LCD screen, Nano S and Nano X and the Ledger Live app that states...
One app to buy, sell, exchange, stake, lend and manage 27 coins & more than 1500 tokens directly from your smartphone or computer.
Any views about this "one stop shop" to do all the above - buy, sell, store, stake crypto securely?
Personally, I'd say that unless you're planning to hold more than £5-10k in crypto, it's far simpler and probably more secure* in some respects, to just open an account like Binance or Coinbase, and leave your "money" there.
I think Coinbase even offer a limited guarantee these days similar to the one you get for £85k with a bank.
If your pot gets big, then it'd be an idea to buy a Nano and transfer them off site.
*Secure in the sense that you can't, lose, break, drop down loo, forget passwords, have dog eat.....the cash if it's sat in your Coinbase account, but you can do all of that if it's on a Ledger or laptop.
Well you are rather limiting yourself to whatever coins they happen to support and their exchange fees of course though I imagine it will all work OK. However, there is no dependency between the various aspects - you can buy on any exchange and still use the Ledger for long term storage.
My main concern with Ledger is they had a data breach last year that has rather turned me against them as a company.
As said elsewhere for smaller values it is really a risk calculation - do you prefer to rely on the (somewhat unpredictable) security and support of a third party vs trusting yourself to do it?
If you are using one of the ‘better’/more recognised exchanges then you can probably have reasonable confidence.
Doge to the mooooooon PUMP PUMP PUMP!! (That’s what my 14 year old son wants EM to say on SNL tonight!)
I’m loving crypto to be fair, I know it could all come crashing down but it’s interesting finding out about new/low value coins or tokens.
Just waiting for my KuCoin account to be approved so I can transfer a small amount of Ethereum from Binance to then covert into TelCoin.
Last edited by murkeywaters; 8th May 2021 at 12:14.
New ATH for ETH
If BTC can close above $60k then good chance it challenges recent ATH!
Close a daily candle, or two.
Last edited by tertius; 8th May 2021 at 19:52.
Anyone looked at the Helium coin / project? I’m probably too late to the party, but I like the sound of what it hopes to do. Have bought a few just for interest
This coin was up 70,000% earlier today. Nice to have had £10,000 in that one yesterday.
https://coinmarketcap.com/currencies/atlas-protocol/
Bullshit. This never happened, it's just a data feed problem where ATP/USD and ATP/BTC are confused.
This is real exchange data of ATP:
https://www.huobi.com/en-us/exchange/atp_usdt
Someone who lies about the little things will lie about the big things too.
DOGE:
27% of all Dogecoins are owned by one account with a balance of 36billion coins, worth about $25 billion as per today. It was created two months before Elon Musk tweeted the first time about Doge in April 2019.
Interestingly, many purchase transactions are for 28.06197100 units of Dogecoin. Gues who was born on 28/06/1971.
Biggest fraud in history. Hundreds of millions of bagholders, one perpetrator.
Someone who lies about the little things will lie about the big things too.