Cryptocurrencies

Discussion in 'Yellow Pages' started by Cassetti's Beard, Jun 2, 2016.

  1. Arakel

    Arakel First Team

    It's highly likely the prices will spike tomorrow. Lots of people sold off at the end of the year for tax purposes.

    I fully expect to see a quick climb as they buy back in, probably a spike tomorrow and certainly a spike in the first week.
     
  2. Optimistichornet

    Optimistichornet Penguin Assassin

    I bought some Litecoin to start with.
     
  3. wfcmoog

    wfcmoog Tinpot


    There was also a lot of FUD about Korea which will shake out weak hands.

    I bought as much BTC as I could once it dipped below 10k, I just wish I could've bought more.
     
  4. wfcmoog

    wfcmoog Tinpot

    Solid imo.
     
    Optimistichornet likes this.
  5. Optimistichornet

    Optimistichornet Penguin Assassin

    I’m in no rush and it looks the most solid bet going forward. Already have a similar amount in an ethereum tracker, and I think bitcoins best days might be behind it. It will undoubtedly go up but I don’t know if it will go beyond the prechristmas levels.
     
  6. Arakel

    Arakel First Team

    Eth up to 850 atm. Not bad!

    EDIT: 870 now. Noice.
     
  7. Optimistichornet

    Optimistichornet Penguin Assassin

    What do people think of ripple?
     
  8. Hornet4ever

    Hornet4ever WFC Forums Last Man Standing Winner 2018/2019

    Not bad, but personally always preferred a Flake
     
    wimbornet likes this.
  9. reids

    reids First Team

    The technology is superb, so much so that plenty of banks have adopted the technology. BUT they use their own version of it - making owning Ripple for commoners like you and I kinda pointless. That being said I reckon it'll hit $5 in a few months.
     
  10. hornmeister

    hornmeister Tired

    Hmmmmmm

    I can flog just under half of my Ethereum and recoup my investment, effectively being in for no risk. Tempting.
     
  11. reids

    reids First Team

    Ethereum smashes past the £700 mark! I'm in the moneyyyyyyyyyyyyy
     
    hornmeister likes this.
  12. hornmeister

    hornmeister Tired

    Sell yet?
     
  13. Arakel

    Arakel First Team

    From a making money standpoint, I think you probably have better options elsewhere. Ripple has issued a metric ****ton of coins and their market cap is already extremely high even at the current price per coin ($135,465,366,050 USD for Ripple v Bitcoin's $256,250,569,740 USD). This means the chances of it reaching even $100 per ripple are incredibly unlikely, at least in the foreseeable future.

    Put it this way: if a single Ripple hits $8, Ripple's market cap will surpass Bitcoin easily. I just don't see that as likely right now.
     
  14. reids

    reids First Team

    Not a chance. Reckon £2k by the end of 2018.
     
  15. Arakel

    Arakel First Team

    Eth crashing rather hard right now after reaching a record high today. Good opportunity to buy in if the downward trend continues, because it should rebound pretty quickly.

    EDIT: price went up 20 bucks as I typed that, haha!
     
  16. PotGuy

    PotGuy Forum Fetishist

    Bitcoin is worthless as an investment until it is sold, and you have to wait a week for the selling process to complete. Combined with being ridiculously volatile, I can see many people buying now getting burnt as it begins to be more heavily regulated going forwards.

    A pretty sweet situation if you bought a year ago, but I don't know about buying now. I guess if you are using money can afford to lose then you have a lot to gain.
     
  17. reids

    reids First Team

    I don't know who told you that, but that's very wrong. It takes seconds to complete.
     
  18. hornmeister

    hornmeister Tired

    Might be a case of the coin exchange companies dragging their heels on withdrawals? There's little to no regulation on them as far as I can tell so there's nothing stopping them shorting using client money.

    One reason why I stayed away from investing in the currencies directly.
     
  19. reids

    reids First Team

    Possibly (although you'd still be locked in to the price you sold at), I withdraw using Kraken and it's always been in my bank within 2 days - even withdrew a bit for a friend 2 days ago and it was in my bank account when I woke up this morning.
     
    hornmeister likes this.
  20. PotGuy

    PotGuy Forum Fetishist

    I read somewhere that coinbase has a delay of a week or so for withdrawals, and the given rate is the one at the date of completion rather than initation. I remember lot of people being peeved when the prices crashed and they weren't able to sell before the prices dropped further and they lost some dolla dolla dolla

    But, I really don't know, I don't use it.
     
  21. Arakel

    Arakel First Team

    ETH just went on a massive bull run, it's on the cusp of $1200. Reids has probably retired at this point. ;)
     
    reids likes this.
  22. wfcSinatra

    wfcSinatra Predictor Choker 14/15

    Wow. £850 a coin!
     
  23. a19tgg

    a19tgg First Team

    Above £900 now :eek:
     
  24. Diamond

    Diamond First Team

    Nice one Reids.
     
    reids likes this.
  25. reids

    reids First Team

    "It was a huge success and the price has gone up MASSIVELY within the last 24 hours (was £9.12 when I checked around 10AM this morning, at time of posting it's £12.14)"

    Laughed at that now!
     
  26. hornmeister

    hornmeister Tired

    Time to dump bitcoin? been flat for a while now.
     
  27. East Stand Builder

    East Stand Builder Reservist

    Heavy investor in Ripple, although its dropped off the last couple of days.. its going to rocket in the next couple of months. Your be mad not invest, its free money!
     
  28. hornmeister

    hornmeister Tired

    Only when it's realised. Numbers on a screen mean nothing.
     
  29. reids

    reids First Team

    Yeah, I did a while ago as I couldn't see it rising as much as it had done. Pretty wise choice now it would seem!
     
  30. jw-

    jw- Reservist

    Was thinking of trying to buy a small amount as a project for 2018 (specifically without the aim of day-trading, more focused on building up a tiny amount incase they ever become mainstream). Was mainly just going to focus on eth, btc, ltc, and neo, though I'll probably wait for them to drop abit more before buying anything.

    I was going to use Coinbase, then transfer to a Jaxx wallet. Is that reasonable? What is the best way to sell coins (for cash), Coinbase too?

    Also: I've dug through the post history for bits of info reids or moog have given others (cheers), would it be worth having a stickied post of information for getting started?
     
  31. reids

    reids First Team

    That's definitely the easiest (and probably best) way of doing things. I use Kraken to sell as Coinbase didn't like my bank. You can also sell via Bitstamp which I like and may setup soon.
     
    jw- likes this.
  32. hornmeister

    hornmeister Tired

    Bitcoin sold.
    I tried a coupel of times this afternoon and they couldn't match a buyer. That's for the tracker fund which worried me a little. In the end dumped for a total of £42 loss. That's pretty much the charges for buying and sellign twice. If I hadn't gone in a 2nd time I would have been up so damn me being greedy.

    Etheruem is up 163% so thinking of dumping that as well tomorrow, or at least selling enough to cover my intial investment plus my Bitcoin loss. Anything less I may let run.

    Small beer I know:D I'm not serious player like some of you chaps.
     
    PowerJugs likes this.
  33. a19tgg

    a19tgg First Team

    I’m pretty new to Coinbase but having tried to withdraw some GBP earlier it looks like it can only be paid out in Euros (at the moment) and I have to also send them €1 first. Obviously if I then get them to send me € to my GBP account I’ll get spanked by my bank. I’ve therfore just set up a Euro account with Revolut to receive the Euro and convert to GBP. Looking at the difference in Euro and Gbp Coinbase quote to convert the same amount of coins it looks like they charge roughly a 3 cent spread which is massive compared to Revolut, so it looks on the face of it to be better getting paid out in Euros instead of GBP. Clearly however you are then running an exchange rate risk of you you hold the Euros for a while, but aside from that am I missing something here?
     
    hornmeister likes this.
  34. hornmeister

    hornmeister Tired

    Having a Euro account is pretty useful so if it's spare cash I'd hang on like wise with Dollar as long as there's no account fees. No point paying F/X fees if you're going on holiday in the next year or so or if you want to buy other currencies further down the line.
     
    a19tgg likes this.
  35. Optimistichornet

    Optimistichornet Penguin Assassin

    Like Reid’s said earlier I don’t think it will rocket. I think $5 is a reasonable target.
     

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