Page 5 of 47 FirstFirst 12345678915 ... LastLast
Results 61 to 75 of 692

Thread: Cryto Currency

  1. #61
    Helpful Club Member Scooter's Avatar
    Join Date
    Aug 2002
    Location
    England - Surrey
    Posts
    10,192
    Feedback
    44 (100%)
    Quote Originally Posted by Sheefa View Post
    That's the great thing about it, 99% of the public haven't a clue so whilst they wait longer we can pile on the cheap crypto strategies and kill it in a few years.
    This is what I can't get my head around, why are they going up? Behind the US$ or is at least GDP/economic performance to support (or not) it, with these coins is it that increasing demand is just pushing the prices up.....ie if I buy in they will go up for me and those in before me, then if the all friends of mine do, it'll go up more etc etc etc...is that the model here or is there more to these 'currencies'?
    Number 8 ...........doing my best to keep
    Number 9 ........been and gone!
    Number 10 ........on its way

  2. #62
    Posting is my life! Club Member Sheefa's Avatar
    Join Date
    Jul 2006
    Location
    England - West Midlands
    Posts
    9,804
    Feedback
    28 (100%)
    You can't view it like that. BTC and other Alts should not be compared in value to FIAT (USD, GBP etc) currency. Yes that's how you cash out for a profit but the trading itself is crypto currency pairs and not fiat.

    My advice is to do what I did and undertake the Crypto Couse by Siam Kidd at RealisticTrader. It's brilliant and tells you everything you need to know in easy online modules plus you get access to the FB group which is amazing for info and Intel on existing coins and other ICOs.

    Just asking questions on here will not give you the information to make informed and calculated investment decisions.

    Greg

    Greg

    UK Spec Manual - Big Single Turbo 800bhp

    Carefully maintained by Lee P and the Team @ SRD
    http://www.supraracingdevelopments.co.uk

  3. #63
    Posting is my life! Club Member Sheefa's Avatar
    Join Date
    Jul 2006
    Location
    England - West Midlands
    Posts
    9,804
    Feedback
    28 (100%)
    Quote Originally Posted by Scooter View Post
    This is what I can't get my head around, why are they going up? Behind the US$ or is at least GDP/economic performance to support (or not) it, with these coins is it that increasing demand is just pushing the prices up.....ie if I buy in they will go up for me and those in before me, then if the all friends of mine do, it'll go up more etc etc etc...is that the model here or is there more to these 'currencies'?
    Quote Originally Posted by grahamc View Post
    Completely agree....

    We are a long way off this and I am not sure if Bitcoin will be the currency or if it is just the start of it all.

    Bitcoin (25-30%) has made good gains for me, however on a percentage basis, ETH (45%) and LTC (45%) have made better gains over the last month!
    BTC will be a store of value rather than trading real world currency. Bitcoin Cash has far more functionality and quick processing time for real time transactions etc.

    Greg

    UK Spec Manual - Big Single Turbo 800bhp

    Carefully maintained by Lee P and the Team @ SRD
    http://www.supraracingdevelopments.co.uk

  4. #64
    I'm part of the furniture Club Member grahamc's Avatar
    Join Date
    Feb 2006
    Location
    England - Surrey
    Posts
    11,362
    Feedback
    30 (100%)
    [QUOTE=Sheefa;4249005]BTC will be a store of value rather than trading real world currency. Bitcoin Cash has far more functionality and quick processing time for real time transactions etc.

    /QUOTE]

    Yeah, BTC cash is on my list for the not too distant future
    -GTR is now officially SOLD, very shortly the Escort and 240z will also be up for sale

  5. #65
    Posting is my life! Club Member Sheefa's Avatar
    Join Date
    Jul 2006
    Location
    England - West Midlands
    Posts
    9,804
    Feedback
    28 (100%)
    It crashed 2 weeks ago to 800 ish and then significantly up again but declining fast today. I would imagine it'll retrace to around 1k when I will buy in.

    Greg

    UK Spec Manual - Big Single Turbo 800bhp

    Carefully maintained by Lee P and the Team @ SRD
    http://www.supraracingdevelopments.co.uk

  6. #66
    Helpful Club Member Scooter's Avatar
    Join Date
    Aug 2002
    Location
    England - Surrey
    Posts
    10,192
    Feedback
    44 (100%)
    Like a digital 'Gold' in some ways?
    Number 8 ...........doing my best to keep
    Number 9 ........been and gone!
    Number 10 ........on its way

  7. #67
    - Club Member Big Mark's Avatar
    Join Date
    Jul 2007
    Location
    England - Oxfordshire
    Posts
    3,034
    Feedback
    22 (100%)
    Reading all this I feel like I'm missing out. How did you guys all first get into this? Any good links as to where to read up on this for anyone interested?
    Currently undergoing a major overhaul including: Engine rebuild by Littlenum, PHR Street Torque kit with PT 6266 turbo, Custom 3.5" exhaust, Whifbtiz DCT conversion, Syvecs S6+, Brembo Big Brake upgrade, Underbody treatment including powder coated subframes, modified rear arches for new wheels, Full respray in new colour. etc etc etc

  8. #68
    Sunday driving Club Member stevie_b's Avatar
    Join Date
    Sep 2004
    Location
    England - Hampshire
    Posts
    9,423
    Feedback
    7 (100%)
    Which platforms (wallets) do you guys use? I use gatehub and coinbase. I know coinbase prices may be high, but it's easy to understand for newbies like me.

  9. #69
    Work... what work? Club Member
    Join Date
    Aug 2016
    Location
    England - Somerset
    Posts
    278
    Feedback
    0
    Pretty much covers it: https://www.reddit.com/r/Bitcoin/com...s_please_read/

    I wouldn't feel like you're currently missing out, we've all "missed out" in a way (except for the tiny tiny minority).

  10. #70
    Me? Post? Never! Club Member Marty's Avatar
    Join Date
    Jan 2005
    Location
    Wales - Clwyd
    Posts
    2,699
    Feedback
    21 (100%)
    If you are just getting in to it now you've absolutely not missed out - we are all still the early adopters of cryptocurrency. Most people still have no idea it exists or what blockchain technology actually is.

    Stevie - coinbase is your best bet, but you are going to get stung by fees. You can negate them by sending your money to a euro bank account and then on to your coinbase account, then buying your chosen currency using Gdax which is coinbases exhange, greg mentions this earlier on in the thread i think.

    I truly believe crypto is the biggest opportunity of our time to gain financial freedom. Day trading is the more profitable but most risky play. Buying and holding for a few years is the safe sensible bet. We are in a bull market at the moment which is primed to go nuts once Btc has done it's thing, so it's quite hard to not make any gains on what you buy. Once it's over with we will see a retraction on the value of most cryptos, its just part of the market cycle and to be expected.

    This chart is pretty valid IMO and experience, investors should be aware of it



    We all know where Bitcoin is ...

    Altcoins are probably around the optimism / belief stage. The last bull period being around August, as more money flows in the cycle period seems to be getting smaller.
    Attached Images Attached Images

  11. #71
    Posting is my life! Club Member Kendo11's Avatar
    Join Date
    Sep 2013
    Location
    (Top Secret)
    Posts
    5,242
    Feedback
    20 (100%)
    Been looking at getting into this myself, recently joined an FB group that mentions some of the same points above.

    Really helpful thread guys, I'm coming at this from a total noob standpoint so it's very helpful.

    Answer not a fool according to his folly, lest thou also be like unto him.

  12. #72
    Posting is my life! Club Member Sheefa's Avatar
    Join Date
    Jul 2006
    Location
    England - West Midlands
    Posts
    9,804
    Feedback
    28 (100%)
    As I said above, a number of times, sign up to the RT Crypto course here. I promise you it'll be worth it's weight in gold and will easily pay for itself. It is how I and many other friends have learnt and Siam Kidd is a true Investor genius.

    http://www.therealistictrader.com/cryptocourse/

    I use Bittrex and Kraken as my main exchanges and trading platforms. Coinbase occasionally for immediate BTC/Ether purchases and to cash out quickly despite fees. Otherwise I store all my currencies that I am HODL on my Nano S Ledger and other offline paper wallets.

    - - - Updated - - -

    Quote Originally Posted by Scooter View Post
    Like a digital 'Gold' in some ways?
    Correct. Although the value of BTC will actually be a LOT higher in years to come.
    Greg

    UK Spec Manual - Big Single Turbo 800bhp

    Carefully maintained by Lee P and the Team @ SRD
    http://www.supraracingdevelopments.co.uk

  13. #73
    Posting is my life! Club Member Sheefa's Avatar
    Join Date
    Jul 2006
    Location
    England - West Midlands
    Posts
    9,804
    Feedback
    28 (100%)
    Quote Originally Posted by Big Mark View Post
    Reading all this I feel like I'm missing out. How did you guys all first get into this? Any good links as to where to read up on this for anyone interested?
    See post above Mark. You really do need to go from start to finish on a course to understand how it all works. If you begun trading and sent BTC to the wrong tag address for example your whole investment would be lost. You need to understand the principle of it all, how it differs from fiat trading, the exchanges, the wallets, cold/hot/paper storage, spread betting, market caps, so much to know.
    Greg

    UK Spec Manual - Big Single Turbo 800bhp

    Carefully maintained by Lee P and the Team @ SRD
    http://www.supraracingdevelopments.co.uk

  14. #74
    Posting is my life! Club Member Sheefa's Avatar
    Join Date
    Jul 2006
    Location
    England - West Midlands
    Posts
    9,804
    Feedback
    28 (100%)
    Quote Originally Posted by stevie_b View Post
    Which platforms (wallets) do you guys use? I use gatehub and coinbase. I know coinbase prices may be high, but it's easy to understand for newbies like me.
    That's not a wallet it is an exchange Stevie and extremely high risk. If you store any significant funds on there please get them off into a cold storage/paper wallet by making your own BTC address and private key here:

    https://www.bitaddress.org/bitaddres...cef4aa194.html
    Greg

    UK Spec Manual - Big Single Turbo 800bhp

    Carefully maintained by Lee P and the Team @ SRD
    http://www.supraracingdevelopments.co.uk

  15. #75
    Posting is my life! Club Member Sheefa's Avatar
    Join Date
    Jul 2006
    Location
    England - West Midlands
    Posts
    9,804
    Feedback
    28 (100%)
    Quote Originally Posted by Marty View Post
    If you are just getting in to it now you've absolutely not missed out - we are all still the early adopters of cryptocurrency. Most people still have no idea it exists or what blockchain technology actually is.

    Stevie - coinbase is your best bet, but you are going to get stung by fees. You can negate them by sending your money to a euro bank account and then on to your coinbase account, then buying your chosen currency using Gdax which is coinbases exhange, greg mentions this earlier on in the thread i think.

    I truly believe crypto is the biggest opportunity of our time to gain financial freedom. Day trading is the more profitable but most risky play. Buying and holding for a few years is the safe sensible bet. We are in a bull market at the moment which is primed to go nuts once Btc has done it's thing, so it's quite hard to not make any gains on what you buy. Once it's over with we will see a retraction on the value of most cryptos, its just part of the market cycle and to be expected.

    Altcoins are probably around the optimism / belief stage. The last bull period being around August, as more money flows in the cycle period seems to be getting smaller.
    Coinbase as I said is not a wallet and is risky. You should never store coins on there for long periods, only immediate trading or nominal sums.

    Agreed Cryptocurrency is a huge opportunity and there's still plenty of time to get into it and profit - as well as lose. Risk free capital should ONLY be used.

    Agree around your comment on Altcoins and this is where there will be the most significant gains that will totally dwarf BTC.
    Greg

    UK Spec Manual - Big Single Turbo 800bhp

    Carefully maintained by Lee P and the Team @ SRD
    http://www.supraracingdevelopments.co.uk

Page 5 of 47 FirstFirst 12345678915 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •