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Looks as though crypto market is going bonkers again,any one any idea why as can't really find much info on it,and as it's still fairly useless i think anyway I just don't understand why it's had this run in last month or so.
I was just about to post the same!
Etherium, Bitcoin, Cardano - most of the major ones up 30% plus in the last month.
I may yet get that solid gold yacht! 🤣
I've been cynical about crypto since BC launched but crypto isn't going away.
The next BC halving is likely to be sometime in 2024 and the forecasts are that will drive a significant price increase so...I'm about to invest upto £2k in BC via eToro as a long term hold.
most of the major ones up 30% plus in the last month.
I'm still 30% down 😂
Yep! But..... If my 3 main bags reach their respective ATHs and I've timed my unbondings right I could be taking home a brand new e-bike.
A. I don’t.
.
Well - it keeps rising. Etherium up 51% in a month, Cardano up 53%.
Well – it keeps rising. Etherium up 51% in a month, Cardano up 53%.
I think a lot of the bigger cryptos are still wedded to BTC, thats on a run at the moment as I think the financial institutions ETFs are starting to buy bigly into it, possibly getting in before the halfing (halving?) next month (IIRC). It'll drag them along with it.
Btc has been rising more consistently than most of the altcoins I got.
It's only worth something once you've sold it.
A couple of friends in Germany will be happy.... They wisely/stupidly (delete as appropriate) put lots of their Corona support for self employed into crypto and the state is now asking for it back.... Nice timing for them!
It’s only worth something once you’ve sold it.
Yeah, one of mine in January went from £50 worth of nothing to near £1000. Unfortunately it was locked in staking and by the time it had unbonded, guess what.
frankconway
Full Member
I’ve been cynical about crypto since BC launched but crypto isn’t going away.
The next BC halving is likely to be sometime in 2024 and the forecasts are that will drive a significant price increase so…I’m about to invest upto £2k in BC via eToro as a long term hold.
I think it's good advice not to leave it on etoro. Get a wallet. Hardware or software, either is better than leaving on an exchange.
Also...
~30% increase?
Nice.
Yes for sure if you have anything of real value move it onto an external hardware wallet or at the very least distribute your holdings around various places/ wallets on the net.
The amount of money moving into the Bitcoin ETFs in the states is staggering, and similar ETFs are starting to pop in other countries now. Of course we in the UK can't buy into the USA Bitcoin ETFs.... yet. Thank goodness the government is protecting us from making money.
"Of course we in the UK can’t buy into the USA Bitcoin ETFs…. yet".
TBF you can, you just have to find the right broker.
Because Bitcoin etfs are seen as complex instruments another level of bureaucracy is bought into play and "high street" retail brokers don't want to touch it.
That doesn't mean to say others will not.
But to answer the OP question....
A bit like going to the dogs and picking a mutt with the similar name as your mate or ex girlfriend.
Well that's why I had a punt the other week on Oasis Network ROSE ... lol
But £25/week into bitcoin, via Revolt, over the last few years is looking alright at the moment.
Ah OK thanks Ro5ey. Not willing to go to off the high street brokers at this point.
Surely the UK will have its own Bitcoin ETF... soon... ish...
I can't trust myself to not lose my seed phrase.
Kraken/Gemini exchanges are pretty well-proven now, I'd not have qualms about holding small-medium amounts of BTC on one of those. No concerns about seed phrase then.
I'm surprised it's already bouncing off the all time high. Wasn't expecting to see that before the next halving.
Given the reasonably large amount of media coverage a few years ago when the BTC price was similar, and the even larger media noise around the subsequent crash, I'm surprised that I haven't seen much this time around. Other than checking the prices every time this thread pops up, I haven't seen much else.
ETFs are buying 10,000 coins a day. Halving will reduce production by 450 coins a day.
It's pretty wild.
I'm somewhat surprised there haven't been more media stories the past few days too - but I think when (/if) it breaches the USD high (GBP already gone) we'll see more coverage.
NEW HIGH !!
My £40 investment in bitcoins looking nice right now, was down to about £18 at one point.
So do we think the value will tumble after halving? Looking at the previous graphs it only went down a bit before recovering.
Guaranteed I will get it wrong if I do sell it at some point 😀
I was wondering if now would be a good time to sell but I've discovered that I'm rubbish at trading so I've got my Ethereum either staked or in a hard wallet to stop myself doing that.
I've told myself I'll cash it all in when there's enough to clear my mortgage, if Ethereum hits £20k tomorrow that'll be it, if it drops to 7p then it'll be in 26 years time.... It could be either 🤣
I'll just keep trickling money in and holding, £15 a week into bitcoin and £25 a month into ether, I can afford to lose that if it does all go wrong.
I missed the Bitcoin boat - most of my meagre amount is in Etherium and Cardano. Still tots up to £2k though, that's just with dropping beer money in every month.
Even Shiba Inu is up 272% in a month - I've got 1.7m of those and they're worth £53 in total. 🤣 If they ever hit £1 each, well!...
It's at the highest it's been - how much further do you think it can it go?
In my uneducated 'take a punt' opinion I think Etherium and Cardano have bigger potential long term gains. 🙂
I'm talking 5+ years - I'm not a trader. I just keep adding to my holding.
the-muffin-man
In my uneducated ‘take a punt’ opinion I think Etherium and Cardano have bigger potential long term gains
Yeah, same here really.
I've got some Bitcoin, a bit of Ethereum and then Cardano and XRP. I also bought a small amount of Chainlink & Solana.
I've not regularly purchased any for a while, but if Cardano & XRP take off it will be a good result.
I bought it all on a 'take a punt' strategy & happy to just keep it for the next 10 years or whatever. If it goes to zero, then I'll grumble a bit & forget about it. If it really takes off, I'll pay my mortgage off early & go on a cruise somewhere nice.
Even Shiba Inu is up 272% in a month – I’ve got 1.7m of those and they’re worth £53 in total. 🤣 If they ever hit £1 each, well!…
If Shiba Inu reaches £1, the value of the coins in circulation will be about 800% of the entire current global GDP.
So good luck with that one...
So good luck with that one…
...I've reserved my Bentley! 🙂
Re. Bitcoin, there are a lot of positive things going on at the moment, the approaching halving, huge Bitcoin ETF inflows, more ETFs appearing all round the world etc etc. All of this is extremely bullish, although it could of course all go t*ts up tomorrow.
In my uneducated ‘take a punt’ opinion I think Etherium and Cardano have bigger potential long term gains. 🙂
I’m talking 5+ years – I’m not a trader. I just keep adding to my holding.
I’ve commented before about Bitcoin (and a few others) & my strategy being nothing but gut feels over the years, but I’ve been fortunate enough to do very well out of it.
I went in the last time at ~15k which was about 18 months ago & saw not a lot of action for a long time, but dumped it yesterday for a big payout.
If it tanks & drops to 20k again or less, I’ll have another go, but with little more than that to go on my original ‘take a punt’ £1000 investment has grown to nearly £90k over the years.
Is there any way to get exposure to bitcoin inside an ISA at the moment? Besides MSTR?
Not that I'm aware of, last time I looked crypto was excluded from ISAs (and SIPPS)
Whether you can have a crypto ETF in an ISA I don't know. CGT is changing so a way of doing it tax free now would be more helpful
I can't seam to find any of the US BTC ETF's on AJBell.
Guess I'll stay poor for now.
BTC ETFs are not available in the UK. Microstrategy (MSTR) are a US software company with a Ex-CEO now President who is a BTC evangelist - "MicroStrategy now holds approximately 214,246 BTC (worth $13.5 billion at current prices), which is more than 1% of all the 21 million bitcoin that will ever exist. It has paid approximately $7.53 billion for its BTC stash, an average of $35,160 per coin, according to the filing."
So I imagine MSTR stock is closely pegged to BTC but ICBA to check so maybe buy MSTR?
MSTR is a scary one. They have rocked over the last 18 months. BTC has 5x, MSTR has 10x.
(According to a YouTube video) the value of their BTC holdings is around 50% of their total market cap. The premium seams to be MSTR can do all sorts of funky financial stuff in a attemp to grow their share price. ETF's can't do that.
Tbh I can't really get my head around it. Flip a coin?
So, where do we see the Trump/Musk love-in taking crypto prices over the next couple of years?
Prices are up as a result of the election, so obviously a lot of people are expecting something to happen. Where does Musk fit in with this, or has he lost interest now?
I've proved to be terrible at trading so I'm just sitting on mine (and trickling another £20/week into it) I'll cash it in when there's enough there to clear the mortgage (although if it plummets back to almost zero, which is possible, that will be in 26 years time...)
TRB up 70% in the last hour. Everything in a bit of a frenzy this morning though…
So, where do we see the Trump/Musk love-in taking crypto prices over the next couple of years?
Who knows. I expect it will gain a bit of traction and we're about due a big bull run, but it's always a gamble of course. The most dangerous time to plough your money in is always when there's a lot of interest.
I just think about it long term. Looked at the prices this morning for the first time in about a year because of the chatter about it. Didn't really know if it was 20k or 100k. Put money in you can afford to lose and ignore the prices.
Has blockchain as a tech deployment died a death? All I see these days is AI mentioned.
Has blockchain as a tech deployment died a death? All I see these days is AI mentioned.
The blockchain is just a cryptographically secured database, meaning the data can't be tampered with, you can only add to the chain. A lot of the most practical uses are probably quite boring but I imagine it's being deployed behind the scenes while AI takes the limelight, and AI can only accelerate it.
Has blockchain as a tech deployment died a death? All I see these days is AI mentioned.
Could you ask ChatGPT to solve the bitcoin hash?
MSTR is a scary one. They have rocked over the last 18 months. BTC has 5x, MSTR has 10x.
So it's a finite asset asset but with little intrinsic value who's value is determined by speculation? :p