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Cryptos
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kentaddick said:reserves said:kentaddick said:reserves said:kentaddick said:closed my eth position and put in a bid at 1514.Ahh, understood thank you, I assumed it was £1514 which confused me. CheersThank you, makes sense0
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Ethereum uptick again this PM. Going from $1550 to $1620 since 15:000
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BalladMan said:Ethereum uptick again this PM. Going from $1550 to $1620 since 15:000
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Alts looking good this morning....be interesting if ZIL can break 0.082
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Cadarno (ADA) also storming overnight to 10% increase.0
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CAFCsayer said:BalladMan said:Cadarno (ADA) also storming overnight to 10% increase.3
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Rothko said:CAFCsayer said:BalladMan said:Cadarno (ADA) also storming overnight to 10% increase.0
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Bitcoin will be getting a leg up very soon. Accumulation in price action and negative flows from exchanges - meaning that Bitcoin is getting transactioned out of exchanges, this creates a lot of buy pressure.0
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kentaddick said:Bitcoin will be getting a leg up very soon. Accumulation in price action and negative flows from exchanges - meaning that Bitcoin is getting transactioned out of exchanges, this creates a lot of buy pressure.
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BalladMan said:kentaddick said:Bitcoin will be getting a leg up very soon. Accumulation in price action and negative flows from exchanges - meaning that Bitcoin is getting transactioned out of exchanges, this creates a lot of buy pressure.0
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BalladMan said:Rothko said:CAFCsayer said:BalladMan said:Cadarno (ADA) also storming overnight to 10% increase.
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No.1 in South London said:BalladMan said:Rothko said:CAFCsayer said:BalladMan said:Cadarno (ADA) also storming overnight to 10% increase.0
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He's the CEO of IOHK which is developing Cardano1
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POLS has seen a nice spike today.0
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Anyone seen the gas fees for ETH at the moment? Ridiculously high!0
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cafcpolo said:Anyone seen the gas fees for ETH at the moment? Ridiculously high!0
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cafcpolo said:Anyone seen the gas fees for ETH at the moment? Ridiculously high!eaststandmike said:cafcpolo said:Anyone seen the gas fees for ETH at the moment? Ridiculously high!
Ethereum is more expensive now and there are a huge amount of tokens using the ethereum blockchain (the entire defi system is basically built on it), so gas fees are going way up.1 - Sponsored links:
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high gas fees also means centralised exchanges, for now, are definitely the best way to trade.0
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kentaddick said:cafcpolo said:Anyone seen the gas fees for ETH at the moment? Ridiculously high!eaststandmike said:cafcpolo said:Anyone seen the gas fees for ETH at the moment? Ridiculously high!
Ethereum is more expensive now and there are a huge amount of tokens using the ethereum blockchain (the entire defi system is basically built on it), so gas fees are going way up.1 -
Here's the thing. I look at cryptos and think wow. A friend bought into Bitcoin at £400, 2 shares and has made a lovely nestegg.
I am saving for a house and have around £100k in an Instant access account (1.09%) I switched to a lower interest rate as last year lost out on a house due to the money being tied in a 90 day account and couldn't complete in the timescale.
Back on topic. Are there any investors on here that would put a house deposit or part of, on a Crypto to make a fast buck.0 -
The Prince-e-Paul said:Here's the thing. I look at cryptos and think wow. A friend bought into Bitcoin at £400, 2 shares and has made a lovely nestegg.
I am saving for a house and have around £100k in an Instant access account (1.09%) I switched to a lower interest rate as last year lost out on a house due to the money being tied in a 90 day account and couldn't complete in the timescale.
Back on topic. Are there any investors on here that would put a house deposit or part of, on a Crypto to make a fast buck.0 -
The Prince-e-Paul said:Here's the thing. I look at cryptos and think wow. A friend bought into Bitcoin at £400, 2 shares and has made a lovely nestegg.
I am saving for a house and have around £100k in an Instant access account (1.09%) I switched to a lower interest rate as last year lost out on a house due to the money being tied in a 90 day account and couldn't complete in the timescale.
Back on topic. Are there any investors on here that would put a house deposit or part of, on a Crypto to make a fast buck.
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The Prince-e-Paul said:Here's the thing. I look at cryptos and think wow. A friend bought into Bitcoin at £400, 2 shares and has made a lovely nestegg.
I am saving for a house and have around £100k in an Instant access account (1.09%) I switched to a lower interest rate as last year lost out on a house due to the money being tied in a 90 day account and couldn't complete in the timescale.
Back on topic. Are there any investors on here that would put a house deposit or part of, on a Crypto to make a fast buck.
crypto is volatile, it will likely bounce back from any dip but personally would not risk using that money.
you could take a small amount out, go for the safer crypto options and leave it for 12 months. When I say small I mean small, every little bit helps.
Thing is when I started this I had more money, but if I lost it would have been pissed, well now I have made money and nearly 200% up. Of course it I had put more money in I would have made more money, but I didn’t know that would happen for sure.Anyway, hope that helps. Sorry if it doesn’t.0 -
Balladman, cafcpolo, Glovepup, thanks all guys for your advice. It's the age old conundrum, investing. Clearly everyone wants to buy into a sure thing, and there's no such thing. With Cryptos it has appeared to be easy money for many, but I fear a bubble bursting.
I know I wouldn't risk losing enough money to jeopardize the house purchase, but investment growth is so minimal right now. Just heard today the interest rate in bank account Santander 123 is dropping from 0.6% to 0.3% in April. Of course it's instant access. These super low rates trigger interest in alternative options, but I guess the knowledge you have is invaluable to reduce risks.0 -
You have to ask yourself what amount (if any), you are willing to lose from your deposit? At the moment I wouldn’t be buying btc as it’s up quite high and I don’t know how long that’s going to last. If it comes down again then it might be worth investing a small amount. But quite literally, something you can have no regrets about losing1
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The Prince-e-Paul said:Here's the thing. I look at cryptos and think wow. A friend bought into Bitcoin at £400, 2 shares and has made a lovely nestegg.
I am saving for a house and have around £100k in an Instant access account (1.09%) I switched to a lower interest rate as last year lost out on a house due to the money being tied in a 90 day account and couldn't complete in the timescale.
Back on topic. Are there any investors on here that would put a house deposit or part of, on a Crypto to make a fast buck.2 -
Crypto is very high risk/reward. There are ways of mitigating the risk (be diligent in risk management), but it’s up to you what your appetite is.Those that have made a fortune from crypto are usually those that have been in the space a long time (5years +). It’s much more of a longer term investment imo, even though you can make money quickly on the right trade, you can lose it just as easily.2