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Cryptos
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34.5k crypto
proper action market not for the faint hearted0 -
It’s a retest after a breakout, which has come after a bullish flag - it’s not a dip but yeah buy. Their first product hasn’t even launched yet (the arb pool). Still well up on my initial investment on it so sitting v comfy.Glovepup said:@kentaddick How you feeling about IYF now? Worth buying the dip?0 -
lol now its dipped. Rest of my portfolio's made up for it (RFI going up and up). But think its good to buy, got some announcements coming in the next few days and a release date for the arb pool.kentaddick said:
It’s a retest after a breakout, which has come after a bullish flag - it’s not a dip but yeah buy. Their first product hasn’t even launched yet (the arb pool). Still well up on my initial investment on it so sitting v comfy.Glovepup said:@kentaddick How you feeling about IYF now? Worth buying the dip?0 -
looks a bull flag to me on ZIL
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a classic bullflag, looks good.CAFCsayer said:looks a bull flag to me on ZIL
RFI pumped today, all my other bags lookin good too. Been underwater on a DOT trade for about 48 hours now... plz pump again sir0 -
Very reputable and (in real terms) capital preservation-oriented fund manager, Ruffer, which manages the LSE-listed investment trust Ruffer Investment Company, has recently put Bitcoin into its clients' multi-asset portfolios (at around 3.5% allocation I gather). Saying:
"Our rationale has been well publicised but briefly, we have a history of using unconventional protections in our portfolio. This is another example, a small allocation to an idiosyncratic asset class which we think brings something significantly different to the portfolio. Due to zero interest rates the investment world is desperate for new safe-havens and uncorrelated assets. We think we are relatively early to this, at the foothills of a long trend of institutional adoption and financialisation of bitcoin. Think of bitcoin's bad reputation as a risk premium - as we move through the process of normalisation, regulation, and institutionalisation, the compression of this premium can have a dramatic effect on the price. If we are wrong, bitcoin will return to the shadows and we will lose money - this explains why we have kept the position size small but meaningful."
I've had an allocation to them in my SIPP for yonks and I'm very happy with their approach. Sensible IMHO.
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Very reputable Economist who I know from his time at a bulge bracket investment bank discussing bitcoin ..... “I dread to think what most risk officers would think about that being in a core investment portfolio,” the chief investment officer of core investments at Axa Investment Managers wrote in a note. “For assets to be considered in a long-term investment portfolio one should be able to attach some fundamental intrinsic value to them.”
Bitcoin’s proponents argue it’s maturing as a hedge for dollar weakness and the possibility of faster inflation in a recovering global economy. Others say its defining characteristic remains speculative booms followed by busts.
Unconventional indeed, but interesting concepts surround crypto currencies nonetheless. Fortune favours the brave maybe.............
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"but muh bitcoins dunt buy muh stamps at the post office" - the oldies on the savings and investment thread.PeanutsMolloy said:Very reputable and (in real terms) capital preservation-oriented fund manager, Ruffer, which manages the LSE-listed investment trust Ruffer Investment Company, has recently put Bitcoin into its clients' multi-asset portfolios (at around 3.5% allocation I gather). Saying:
"Our rationale has been well publicised but briefly, we have a history of using unconventional protections in our portfolio. This is another example, a small allocation to an idiosyncratic asset class which we think brings something significantly different to the portfolio. Due to zero interest rates the investment world is desperate for new safe-havens and uncorrelated assets. We think we are relatively early to this, at the foothills of a long trend of institutional adoption and financialisation of bitcoin. Think of bitcoin's bad reputation as a risk premium - as we move through the process of normalisation, regulation, and institutionalisation, the compression of this premium can have a dramatic effect on the price. If we are wrong, bitcoin will return to the shadows and we will lose money - this explains why we have kept the position size small but meaningful."
I've had an allocation to them in my SIPP for yonks and I'm very happy with their approach. Sensible IMHO.
Just found out a venture capital firm in dublin are heavily invested in RFI as well. Institutional money is trickling in.0 -
Well, as you know, I appreciate your efforts to explain bitcoin and other crypto and I'm sorry that the scepticism that greets you there can be a bit over the top.kentaddick said:
"but muh bitcoins dunt buy muh stamps at the post office" - the oldies on the savings and investment thread.PeanutsMolloy said:Very reputable and (in real terms) capital preservation-oriented fund manager, Ruffer, which manages the LSE-listed investment trust Ruffer Investment Company, has recently put Bitcoin into its clients' multi-asset portfolios (at around 3.5% allocation I gather). Saying:
"Our rationale has been well publicised but briefly, we have a history of using unconventional protections in our portfolio. This is another example, a small allocation to an idiosyncratic asset class which we think brings something significantly different to the portfolio. Due to zero interest rates the investment world is desperate for new safe-havens and uncorrelated assets. We think we are relatively early to this, at the foothills of a long trend of institutional adoption and financialisation of bitcoin. Think of bitcoin's bad reputation as a risk premium - as we move through the process of normalisation, regulation, and institutionalisation, the compression of this premium can have a dramatic effect on the price. If we are wrong, bitcoin will return to the shadows and we will lose money - this explains why we have kept the position size small but meaningful."
I've had an allocation to them in my SIPP for yonks and I'm very happy with their approach. Sensible IMHO.
Just found out a venture capital firm in dublin are heavily invested in RFI as well. Institutional money is trickling in.
If I understand @PeanutsMolloy correctly, he has a SIPP which includes investments via a fund manager called Ruffer, but presumably other investments too, and Ruffer is putting 3.5% of what it invests on PM's behalf into Crypto. If I have understood him correctly, that represents a very small level of risk to him in terms of his overall investments. Probably much the same level of risk as the dabble I put in 3 years back. I think you agree broadly that you should only put in what you can afford to lose, especiially if you don't fully understand exactly what you have bought ( I don't, and have tried to explain why). The scary thing is the millions of people, mainly youngish, who have invested relatively far more of their total "wealth".
As for institutional investment, let's remember that these are the same institutions who "invested " in sub-prime mortgages, "securitised" them, flogged these securities around the world, and then got out quick when they realised in 2008 that they had crashed the entire global financial system, and consigned loads of innocent people with no investments at all to years of austerity. They include Goldman Sachs and JP Morgan. Let's not be mugged off a second time, eh?0 -
You’re absolutely right in your first para @PragueAddickPragueAddick said:
Well, as you know, I appreciate your efforts to explain bitcoin and other crypto and I'm sorry that the scepticism that greets you there can be a bit over the top.kentaddick said:
"but muh bitcoins dunt buy muh stamps at the post office" - the oldies on the savings and investment thread.PeanutsMolloy said:Very reputable and (in real terms) capital preservation-oriented fund manager, Ruffer, which manages the LSE-listed investment trust Ruffer Investment Company, has recently put Bitcoin into its clients' multi-asset portfolios (at around 3.5% allocation I gather). Saying:
"Our rationale has been well publicised but briefly, we have a history of using unconventional protections in our portfolio. This is another example, a small allocation to an idiosyncratic asset class which we think brings something significantly different to the portfolio. Due to zero interest rates the investment world is desperate for new safe-havens and uncorrelated assets. We think we are relatively early to this, at the foothills of a long trend of institutional adoption and financialisation of bitcoin. Think of bitcoin's bad reputation as a risk premium - as we move through the process of normalisation, regulation, and institutionalisation, the compression of this premium can have a dramatic effect on the price. If we are wrong, bitcoin will return to the shadows and we will lose money - this explains why we have kept the position size small but meaningful."
I've had an allocation to them in my SIPP for yonks and I'm very happy with their approach. Sensible IMHO.
Just found out a venture capital firm in dublin are heavily invested in RFI as well. Institutional money is trickling in.
If I understand @PeanutsMolloy correctly, he has a SIPP which includes investments via a fund manager called Ruffer, but presumably other investments too, and Ruffer is putting 3.5% of what it invests on PM's behalf into Crypto. If I have understood him correctly, that represents a very small level of risk to him in terms of his overall investments. Probably much the same level of risk as the dabble I put in 3 years back. I think you agree broadly that you should only put in what you can afford to lose, especiially if you don't fully understand exactly what you have bought ( I don't, and have tried to explain why). The scary thing is the millions of people, mainly youngish, who have invested relatively far more of their total "wealth".
As for institutional investment, let's remember that these are the same institutions who "invested " in sub-prime mortgages, "securitised" them, flogged these securities around the world, and then got out quick when they realised in 2008 that they had crashed the entire global financial system, and consigned loads of innocent people with no investments at all to years of austerity. They include Goldman Sachs and JP Morgan. Let's not be mugged off a second time, eh?
Thank you for clarifying.
I’ll abstain on the second. Not that I disagree with the thrust of it - only with the cast of the culpable and that gets political
Hope all’s well with you.1 - Sponsored links:
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imo the only dangerous game that can be made at this point is buying uniswap shit coins with your life savings or using leverage without any risk management, or using leverage without really knowing how it works and the high risks involved. If you'd done the right plays in hindsight, you could've 10x your wealth just using spot in just the last couple of weeks. I'd also always use stop losses (which comes under risk management i guess). Crypto just generally requires you to be quite hot on your risk management which can surely only be a good thing with young people making investments. I said on the savings and investments threads, if you would've bought bitcoin in 2010, no other asset would have outperformed it in 10 years.PragueAddick said:
Well, as you know, I appreciate your efforts to explain bitcoin and other crypto and I'm sorry that the scepticism that greets you there can be a bit over the top.kentaddick said:
"but muh bitcoins dunt buy muh stamps at the post office" - the oldies on the savings and investment thread.PeanutsMolloy said:Very reputable and (in real terms) capital preservation-oriented fund manager, Ruffer, which manages the LSE-listed investment trust Ruffer Investment Company, has recently put Bitcoin into its clients' multi-asset portfolios (at around 3.5% allocation I gather). Saying:
"Our rationale has been well publicised but briefly, we have a history of using unconventional protections in our portfolio. This is another example, a small allocation to an idiosyncratic asset class which we think brings something significantly different to the portfolio. Due to zero interest rates the investment world is desperate for new safe-havens and uncorrelated assets. We think we are relatively early to this, at the foothills of a long trend of institutional adoption and financialisation of bitcoin. Think of bitcoin's bad reputation as a risk premium - as we move through the process of normalisation, regulation, and institutionalisation, the compression of this premium can have a dramatic effect on the price. If we are wrong, bitcoin will return to the shadows and we will lose money - this explains why we have kept the position size small but meaningful."
I've had an allocation to them in my SIPP for yonks and I'm very happy with their approach. Sensible IMHO.
Just found out a venture capital firm in dublin are heavily invested in RFI as well. Institutional money is trickling in.
If I understand @PeanutsMolloy correctly, he has a SIPP which includes investments via a fund manager called Ruffer, but presumably other investments too, and Ruffer is putting 3.5% of what it invests on PM's behalf into Crypto. If I have understood him correctly, that represents a very small level of risk to him in terms of his overall investments. Probably much the same level of risk as the dabble I put in 3 years back. I think you agree broadly that you should only put in what you can afford to lose, especiially if you don't fully understand exactly what you have bought ( I don't, and have tried to explain why). The scary thing is the millions of people, mainly youngish, who have invested relatively far more of their total "wealth".
As for institutional investment, let's remember that these are the same institutions who "invested " in sub-prime mortgages, "securitised" them, flogged these securities around the world, and then got out quick when they realised in 2008 that they had crashed the entire global financial system, and consigned loads of innocent people with no investments at all to years of austerity. They include Goldman Sachs and JP Morgan. Let's not be mugged off a second time, eh?0 -
I've only got 12000 zil so really not going to bankrupt me. Going to try trading it upto 50k and am more than happy to lose the lot as it only cost me £500. Best way to learn is by mistakes1
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If someone is more than happy to lose £50K then they possibly will. Good luck.1
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Its not £50k its 50k zil im trying to reach without spending any more money. If I lose it all I'd have lost £500 as mentioned above, few years ago id have been putting that up my nose every weekend.Covered End said:If someone is more than happy to lose £50K then they possibly will. Good luck.3 -
made quite a few mistakes in 2017/18, continuing to make them but think i've finally found a decent and basic trading system that is starting to do well... but thats almost certainly because its a bull market and alt season, so literally anything you buy will go up in value.shine166 said:I've only got 12000 zil so really not going to bankrupt me. Going to try trading it upto 50k and am more than happy to lose the lot as it only cost me £500. Best way to learn is by mistakes
Actually kinda looking forward to the grind of a bear market and see if what i'm doing now translates and what mistakes i've been making.0 -
and like that Ethereum has broken all time high. Everyone who's ever bought ethereum is now in profit. Congrats.1
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Ah ok my mistake.shine166 said:
Its not £50k its 50k zil im trying to reach without spending any more money. If I lose it all I'd have lost £500 as mentioned above, few years ago id have been putting that up my nose every weekend.Covered End said:If someone is more than happy to lose £50K then they possibly will. Good luck.
Yes I think risking losing £500 is no big deal. Good luck.1 -
As you say anyone can make money in a bull market.kentaddick said:
made quite a few mistakes in 2017/18, continuing to make them but think i've finally found a decent and basic trading system that is starting to do well... but thats almost certainly because its a bull market and alt season, so literally anything you buy will go up in value.shine166 said:I've only got 12000 zil so really not going to bankrupt me. Going to try trading it upto 50k and am more than happy to lose the lot as it only cost me £500. Best way to learn is by mistakes
Actually kinda looking forward to the grind of a bear market and see if what i'm doing now translates and what mistakes i've been making.
Close your eyes and buy anything and it will go up.
It's trying not to lose in a bear market that is the true skill.
Many people do the wrong thing, buying high and selling low, when they should be doing the opposite.1 -
the eth/btc chart looks amazing. Wouldn't be surprised to see Eth break $2/3k by end of the week.0
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you've inadvertently just said a meme in crypto circles.Covered End said:
As you say anyone can make money in a bull market.kentaddick said:
made quite a few mistakes in 2017/18, continuing to make them but think i've finally found a decent and basic trading system that is starting to do well... but thats almost certainly because its a bull market and alt season, so literally anything you buy will go up in value.shine166 said:I've only got 12000 zil so really not going to bankrupt me. Going to try trading it upto 50k and am more than happy to lose the lot as it only cost me £500. Best way to learn is by mistakes
Actually kinda looking forward to the grind of a bear market and see if what i'm doing now translates and what mistakes i've been making.
Close your eyes and buy anything and it will go up.
It's trying not to lose in a bear market that is the true skill.
Many people do the wrong thing, buying high and selling low, when they should be doing the opposite.
Key levels is all there is to it tbh atm and letting trades play out. My problem was overtrading.0 - Sponsored links:
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I think this is optimistic even by my standards... If it closes the week above where we are now 1500-1600 it'll be greatkentaddick said:the eth/btc chart looks amazing. Wouldn't be surprised to see Eth break $2/3k by end of the week.1 -
Yeah, I think 3k might be pushing it, ha.CAFCsayer said:
I think this is optimistic even by my standards... If it closes the week above where we are now 1500-1600 it'll be greatkentaddick said:the eth/btc chart looks amazing. Wouldn't be surprised to see Eth break $2/3k by end of the week.
Had someone on my twitter recommend INJ a couple of weeks back. Left it alone as happy with what I've got. Flying at the moment, gutted!0 -
aw shit was thinking was looking at hrly chart but was weekly.CAFCsayer said:
I think this is optimistic even by my standards... If it closes the week above where we are now 1500-1600 it'll be greatkentaddick said:the eth/btc chart looks amazing. Wouldn't be surprised to see Eth break $2/3k by end of the week.
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ADA is flying, 5x on the initial investment2
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If 1350 holds ill be going longkentaddick said:
aw shit was thinking was looking at hrly chart but was weekly.CAFCsayer said:
I think this is optimistic even by my standards... If it closes the week above where we are now 1500-1600 it'll be greatkentaddick said:the eth/btc chart looks amazing. Wouldn't be surprised to see Eth break $2/3k by end of the week.0 -
@cafcpolo @kentaddick
I meant to put on an ETH trade and bought ETHUP whilst watching the match... Any idea how this shit works? I'm long at 125 and it's trading at 131.525 now I've just noticed. Says its leveraged but isn't on my margin acc0 -
Nothing in the margin tab in your wallet? (Assuming binance)CAFCsayer said:@cafcpolo @kentaddick
I meant to put on an ETH trade and bought ETHUP whilst watching the match... Any idea how this shit works? I'm long at 125 and it's trading at 131.525 now I've just noticed. Says its leveraged but isn't on my margin acc0 -
Nope... Just watched a video, seems it is some kind of tokenised leverage trade without the need for collateral. Need to read up more before I decide what to do with it, no clue how it workscafcpolo said:
Nothing in the margin tab in your wallet? (Assuming binance)CAFCsayer said:@cafcpolo @kentaddick
I meant to put on an ETH trade and bought ETHUP whilst watching the match... Any idea how this shit works? I'm long at 125 and it's trading at 131.525 now I've just noticed. Says its leveraged but isn't on my margin acc0 -
One of their own leveraged tokens? Balls to that. Sell and do it through margin trading. Use OCO so you can set your limits.CAFCsayer said:
Nope... Just watched a video, seems it is some kind of tokenised leverage trade without the need for collateral. Need to read up more before I decide what to do with it, no clue how it workscafcpolo said:
Nothing in the margin tab in your wallet? (Assuming binance)CAFCsayer said:@cafcpolo @kentaddick
I meant to put on an ETH trade and bought ETHUP whilst watching the match... Any idea how this shit works? I'm long at 125 and it's trading at 131.525 now I've just noticed. Says its leveraged but isn't on my margin acc0 -
CAFCsayer said:
Nope... Just watched a video, seems it is some kind of tokenised leverage trade without the need for collateral. Need to read up more before I decide what to do with it, no clue how it workscafcpolo said:
Nothing in the margin tab in your wallet? (Assuming binance)CAFCsayer said:@cafcpolo @kentaddick
I meant to put on an ETH trade and bought ETHUP whilst watching the match... Any idea how this shit works? I'm long at 125 and it's trading at 131.525 now I've just noticed. Says its leveraged but isn't on my margin acc
I think its an easier and cheaper way for you to long or short the asset. It will be on your futures account, not margin.0
