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Savings and Investments thread
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You consider our financial services behind these countries do you ?Stu_of_Kunming said:
Just shows how behind the times the Uk is though, it’s used as currency in multiple other countries for fully legal and above board transactions.PragueAddick said:
I don't think it's a good idea to think about crypto in that way. Gold has intrinsic value. It is used to make jewellery and similar which retain or increase their value over time.Diebythesword said:Think of crypto like digital assets (a digital gold etc). Iirc FCA have relaxed their rules so you can now begin to invest in regulated bitcoin products with your SIPP and stocks and shares isa. Think it’s worth having small exposure to tbh.
Bitcoin is just a name. As is Melaniacoin, Turdcoin, etc. And please don't tell me it's a currency. When did you last buy something with bitcoin? And if you did buy something, was the item something you want to fess up to on a public platform?
Which nations are you referring to?2 -
Bought a handful more Rigetti today on the very short-lived dip. My old next door neighbour works for Oracle and suggested I take a look at quantum computing back in October last year.
Went in very light on that one and IONQ as speculative investments, and my timing could have been better (as ever) but no complaints about the subsequent performance of either.1 -
The NASDAQ is up 34%, S&P 23%, if you were in gold that's up 28%, Nikkei 37% - so all depends where you are invested.Friend Or Defoe said:
Not sure how your 6 month is so high?! I'm about the same YTD (16.5%) but only 2.5% over the month. I'm still about 1% down from where i was on Friday.Huskaris said:I'm up 23.36% over 12 months
17.63% YTD
30.18% over 6 months
8.47% over past month.
Bought my first bit of gold and silver in an ETF, bit I didn't want to do a full portfolio rebalance, so precious metals currently around 0.2% of my portfolio.
I refuse to buy crypto, for a variety of reasons that I don't see a need to get into as I don't want to yuk someone's yum, but I hold the wisdomtree Blockchain etf which invests in companies involved in crypto, about 4-5% of my total portfolio (reducing it to 2-3%), it's gone absolutely nuts, up 117% in 6 months.
Crpyto seems like a scam to me. Very volatile (I guess like Trump!) And i don't fully understand what it is to be frank. That said i did meet someone at a party who made £2m from it before most of us had heard of it. He's cashed in and has retired off of it.0 -
Regulated products =\= cryptoFriend Or Defoe said:
FCA regulated crypto is interesting.Diebythesword said:Think of crypto like digital assets (a digital gold etc). Iirc FCA have relaxed their rules so you can now begin to invest in regulated bitcoin products with your SIPP and stocks and shares isa. Think it’s worth having small exposure to tbh.
youd be able to buy a bitcoin etf with your SIPP and s&s isa
When did you last buy something with gold?PragueAddick said:
I don't think it's a good idea to think about crypto in that way. Gold has intrinsic value. It is used to make jewellery and similar which retain or increase their value over time.Diebythesword said:Think of crypto like digital assets (a digital gold etc). Iirc FCA have relaxed their rules so you can now begin to invest in regulated bitcoin products with your SIPP and stocks and shares isa. Think it’s worth having small exposure to tbh.
Bitcoin is just a name. As is Melaniacoin, Turdcoin, etc. And please don't tell me it's a currency. When did you last buy something with bitcoin? And if you did buy something, was the item something you want to fess up to on a public platform?0 -
The thing with crypto and to an extent gold is that by buying and investing into it you are backing the established way to fail. Which could be handy if you are sitting on a load of dubloons and bitcoin but if things go to shit that badly paying for things will be the least of your worries
I've dipped into crypto a few years ago, watched it go right down and right up and took most of my stake out. I've left transactional money in there for stuff you can't really buy with cash but I don't see that as an investment. Gold, its a bit less exciting than I thought it would be and I'm glad I've got a bit however if it carries on going up I will sell that albeit in a pain in the arse way
The other thing is people invested in gold and crypto make a very convincing emotional argument in favour which makes me smell a rat that may or may not be there1 -
The thing is if the world ends your investments will be the very least of your worries anyway (it’s why you should always buy a “nuclear war” dip). Bitcoin has shown it is just as sensitive to the market as any other asset.Carter said:The thing with crypto and to an extent gold is that by buying and investing into it you are backing the established way to fail. Which could be handy if you are sitting on a load of dubloons and bitcoin but if things go to shit that badly paying for things will be the least of your worries
I've dipped into crypto a few years ago, watched it go right down and right up and took most of my stake out. I've left transactional money in there for stuff you can't really buy with cash but I don't see that as an investment. Gold, its a bit less exciting than I thought it would be and I'm glad I've got a bit however if it carries on going up I will sell that albeit in a pain in the arse way
The other thing is people invested in gold and crypto make a very convincing emotional argument in favour which makes me smell a rat that may or may not be there
i agree, people who pitch bitcoin get emotional, but at the end of the day the proof is in its performance which has been exeptional, my worry is in 15-20 years when bull runs get less and less volatile, so the profitability goes down which brings their attractiveness as a risky asset right down. Maybe another digital asset would then takeover and the market “matures” but maybe not.There are many publically traded companies that have no intrinsic value that you’re no doubt invested in, meta, uber and Airbnb are ones that spring to mind immediately. They’re still worth something to investors.2 -
Crypto (for me) remains ‘Emperors new clothes’.Diebythesword said:
The thing is if the world ends your investments will be the very least of your worries anyway (it’s why you should always buy a “nuclear war” dip). Bitcoin has shown it is just as sensitive to the market as any other asset.Carter said:The thing with crypto and to an extent gold is that by buying and investing into it you are backing the established way to fail. Which could be handy if you are sitting on a load of dubloons and bitcoin but if things go to shit that badly paying for things will be the least of your worries
I've dipped into crypto a few years ago, watched it go right down and right up and took most of my stake out. I've left transactional money in there for stuff you can't really buy with cash but I don't see that as an investment. Gold, its a bit less exciting than I thought it would be and I'm glad I've got a bit however if it carries on going up I will sell that albeit in a pain in the arse way
The other thing is people invested in gold and crypto make a very convincing emotional argument in favour which makes me smell a rat that may or may not be there
i agree, people who pitch bitcoin get emotional, but at the end of the day the proof is in its performance which has been exeptional, my worry is in 15-20 years when bull runs get less and less volatile, so the profitability goes down which brings their attractiveness as a risky asset right down. Maybe another digital asset would then takeover and the market “matures” but maybe not.There are many publically traded companies that have no intrinsic value that you’re no doubt invested in, meta, uber and Airbnb are ones that spring to mind immediately. They’re still worth something to investors.Yes some have made money but only against the hype not (yet) because of any substantial real world application as far as I can see.It feels to me that whenever the price falls its advocates defend it as a planned or expected event but can’t really defend it.I’m sceptical as until its being meaningfully used to support something the ‘profits’ being taken surely only mean someone is losing somewhere. At least a traditional investment is cash being used by a business either well or not so well.3 -
The blockchain tech that sits behind it has numerous real work applications and is where the potential to actually impact lives but the currency part of crypto seems to have by accident become the only thing its really used for.
I remember a discussion with someone while I was at uni in 2013ish around how the tech could be used for voting or a much more direct form of democracy where people vote on individual policy positions. The potential applications are endless. But there is money in Crypto so thats been the focus.
I did make a bit of cash from Crypto in the early days -nothing like as much as a mate who got in at the same time and hasnt worked in 4 years and spends his time travelling. I dont mess with it now0 -
I have never owned any gold, other than my wedding ring. However I can easily get money for it from any number of physically existing outlets, and buy things with that money.Diebythesword said:
Regulated products =\= cryptoFriend Or Defoe said:
FCA regulated crypto is interesting.Diebythesword said:Think of crypto like digital assets (a digital gold etc). Iirc FCA have relaxed their rules so you can now begin to invest in regulated bitcoin products with your SIPP and stocks and shares isa. Think it’s worth having small exposure to tbh.
youd be able to buy a bitcoin etf with your SIPP and s&s isa
When did you last buy something with gold?PragueAddick said:
I don't think it's a good idea to think about crypto in that way. Gold has intrinsic value. It is used to make jewellery and similar which retain or increase their value over time.Diebythesword said:Think of crypto like digital assets (a digital gold etc). Iirc FCA have relaxed their rules so you can now begin to invest in regulated bitcoin products with your SIPP and stocks and shares isa. Think it’s worth having small exposure to tbh.
Bitcoin is just a name. As is Melaniacoin, Turdcoin, etc. And please don't tell me it's a currency. When did you last buy something with bitcoin? And if you did buy something, was the item something you want to fess up to on a public platform?You will doubtless say its the same for bitcoin. And good luck to you, it’s your money. But until Bitcoin functions according to clearly established international rules I’m not going near it.3 -
I have money in crypto, by no means a large amount, but its probably given some of my best returns. I've withdrawn my original investment on Solana and Bitcoin and just have the profit running in there at the minute. Other coins I've bought are almost all up on where I originally bought them at, bar a couple gambles which I didn't spend much on that haven't paid off. I'm confident I'm well up overall.
I'll probably buy more whenever it next tanks and wait for it to go on a bull run but I fully admit I don't really understand it or it's real world utility, but i'm also confident I can make pretty safe gambles and play the long game with it and it'll produce a tidy profit.1 - Sponsored links:
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Does anybody else have a clue what this crypto language is on about? 🥸0
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I'll let you know when the FCA bring out guidance notes for advisers or set exams for us to take.Solidgone said:Does anybody else have a clue what this crypto language is on about? 🥸
But don't hold your breath...2 -
That's why I'm invested in an ETF with exposure to Blockchain businesses/businesses that are involved in buying and selling crypto. Coinbase for example is one of the biggest constituents of the ETF I have, as well as Terawulfcantersaddick said:The blockchain tech that sits behind it has numerous real work applications and is where the potential to actually impact lives but the currency part of crypto seems to have by accident become the only thing its really used for.
I remember a discussion with someone while I was at uni in 2013ish around how the tech could be used for voting or a much more direct form of democracy where people vote on individual policy positions. The potential applications are endless. But there is money in Crypto so thats been the focus.
I did make a bit of cash from Crypto in the early days -nothing like as much as a mate who got in at the same time and hasnt worked in 4 years and spends his time travelling. I dont mess with it now
Fundamentally it goes against all my basic logic to invest in crypto, but I do understand why Blockchain could be valuable, although for me it's still an answer desperately looking for a real solution!1 -
Not often we agree but this is pretty bang on!Huskaris said:
That's why I'm invested in an ETF with exposure to Blockchain businesses/businesses that are involved in buying and selling crypto. Coinbase for example is one of the biggest constituents of the ETF I have, as well as Terawulfcantersaddick said:The blockchain tech that sits behind it has numerous real work applications and is where the potential to actually impact lives but the currency part of crypto seems to have by accident become the only thing its really used for.
I remember a discussion with someone while I was at uni in 2013ish around how the tech could be used for voting or a much more direct form of democracy where people vote on individual policy positions. The potential applications are endless. But there is money in Crypto so thats been the focus.
I did make a bit of cash from Crypto in the early days -nothing like as much as a mate who got in at the same time and hasnt worked in 4 years and spends his time travelling. I dont mess with it now
Fundamentally it goes against all my basic logic to invest in crypto, but I do understand why Blockchain could be valuable, although for me it's still an answer desperately looking for a real solution!1
