Investment Thread

[A4Jack]

Just where can you put your hard earned savings these days to earn a reasonable rate of interest without any risk? The simple answer is nowhere.
I’ve dabbled in the stock market over the years, done ok on some not so on others. Done a couple of longish term stock market linked products, one for 15 years another for 10, barely had my money back.
Very fortunate to have a couple of good pensions, know of some people coming up to pensionable age who’s private pensions, linked to the stock market, have taken a massive hit over the last couple of years..it’s very concerning for them.
Been looking at this Bitcoin m’larky and it seems quite complicated where you could easily lose a lot of money in a short space of time..not for me.

Best advice I can give for Crypto is that it’s largely a lottery. I think if you manage to buy Bitcoin when it’s at £20k you’re very unlikely to lose considering the expectation is that it’ll treble that by the end of the year.

But as with everything there is a small risk

 

[JustJack]

Just where can you put your hard earned savings these days to earn a reasonable rate of interest without any risk? The simple answer is nowhere.
I’ve dabbled in the stock market over the years, done ok on some not so on others. Done a couple of longish term stock market linked products, one for 15 years another for 10, barely had my money back.
Very fortunate to have a couple of good pensions, know of some people coming up to pensionable age who’s private pensions, linked to the stock market, have taken a massive hit over the last couple of years..it’s very concerning for them.
Been looking at this Bitcoin m’larky and it seems quite complicated where you could easily lose a lot of money in a short space of time..not for me.

Short term it is complicated, if you want to make money tomorrow, then of course the risk is astronomical.

Long term, I think it's the best bet out there, in my opinion of course.

Any currency or store of value is built on a belief system.

 

[JustJack]

Oh, Lord.

https://www.bbc.co.uk/news/business-55939972

Mixed feelings about this, does he have to meddle with everything?

 

[Longlostjack]

He‘s basically manipulating the market and making shed loads of money in the process.

 

[TheLoneRanger]

A good article on how crypto currency works, and how millions of people can, and were scammed out of millions of pounds!!


"Cryptoqueen: How this woman scammed the world, then vanished."

https://www.bbc.co.uk/news/stories-50435014

 

[Best_loser]

The nickel in a nickel is worth more than a nickel
Just convert your money into nickels

 

[Lifelong]

Bitcoin is now over $50k.

Out of boredom I’ve started looking at the markets again, opened an account with EToro who offer commission free trading for buying but charge on withdrawals, their spread on Bitcoin products is high.
Opened a few small positions on the Nasdaq and London exchanges.

 

[JustJack]

Bitcoin is now over $50k.

Out of boredom I’ve started looking at the markets again, opened an account with EToro who offer commission free trading for buying but charge on withdrawals, their spread on Bitcoin products is high.
Opened a few small positions on the Nasdaq and London exchanges.

Yes went as high as $58k in the last month, before dipping down to $42k last week, where I duly stuck my nose in the trough.

I wouldn't recommend buying Bitcoin on any platform where you cannot withdraw the coins, you have no ownership.

IAG also doing very well this week.

 

[Lifelong]

Bitcoin is now over $50k.

Out of boredom I’ve started looking at the markets again, opened an account with EToro who offer commission free trading for buying but charge on withdrawals, their spread on Bitcoin products is high.
Opened a few small positions on the Nasdaq and London exchanges.

Yes went as high as $58k in the last month, before dipping down to $42k last week, where I duly stuck my nose in the trough.

I wouldn't recommend buying Bitcoin on any platform where you cannot withdraw the coins, you have no ownership.

Still attempting to understand this Bitcoin investment, been looking at Cardano (Ada), if you trade through Etoro they store the investment offline and,apparently, you are then unable to transfer it to another platform, but you can sell the investment as you would with an ordinary stock.
IAG also doing very well this week.

 

[JustJack]

Yes went as high as $58k in the last month, before dipping down to $42k last week, where I duly stuck my nose in the trough.

I wouldn't recommend buying Bitcoin on any platform where you cannot withdraw the coins, you have no ownership.

Still attempting to understand this Bitcoin investment, been looking at Cardano (Ada), if you trade through Etoro they store the investment offline and,apparently, you are then unable to transfer it to another platform, but you can sell the investment as you would with an ordinary stock.
IAG also doing very well this week.

Yes Cardano is a main player in what they call 'Alt coins', basically anything out of Bitcoin and Ethereum

Right, but again, you dont own anything, unlike a stock, so it defeats the object you are just buying the price.

You are better off going on Coinbase or Binance and buying it through there, exact same thing but you actually have ownership, if you choose to transfer off site.

Bitcoins problem at the moment is its scalability and high fees, it cost me $20 to move a significant part of my portfolio out of Binance recently, at a time of around 10 minutes, so as a payment vehicle, it is not fit for purpose, some argue it never will be.

With that issue in mind, do some research on Nano, whos transaction fees are instaneous.

An even better tip, if you open a Coinbase account, you can access Coinbase earn, which will give you at least $40 of free crypto just by reading about different coins, and answering questions.

Great way to get started.

 

[JustJack]

https://www.coinbase.com/earn

I would encourage anyone who wants to get started in Crypto to go here, some good coins available, and you begin to learn the key functions

It should be instaneous reward for some coins, you may have to go on a waiting list for others.

 

[JustJack]

In addition

https://www.rollingstone.com/pro/news/kings-of-leon-when-you-see-yourself-album-nft-crypto-1135192/

 

[JustJack]

To catch up with this thread

When I made the first post, Bitcoin was just shy of $11,000, and today it is close to $63,000!

It now has close to $1 trillion market cap (value), more than Facebook.

The other coins I mentioned;

Ethereum is at $2300

Power Ledger is at $0.53

In addition, it is a very big day in the crypto world, as the exchange Coinbase has been publicly listed, with a starting valuation of $325 a share!

 

[Best_loser]

And Bernie Madoff died today, some say bitcoin is a ponzi too, I don't , good luck to you

 

[Lifelong]

To catch up with this thread

When I made the first post, Bitcoin was just shy of $11,000, and today it is close to $63,000!

It now has close to $1 trillion market cap (value), more than Facebook.

The other coins I mentioned;

Ethereum is at $2300

Power Ledger is at $0.53

In addition, it is a very big day in the crypto world, as the exchange Coinbase has been publicly listed, with a starting valuation of $325 a share!

Quite a heavy correction in the crypto market overnight, be interesting to see what happens to Coinbase when the market opens this afternoon.