How do you decide which crypto currency to buy?

I’ve still got mine. Some BTC. Xrp, ada and dot. Not huge sums and not worth as much as when I started! I did take £500 profit out at the end of last year though so I’m not down too much. I staked my dot and Ada a while ago, that’s earnt roughly 8% over 6 months, admittedly 8% of not very much! But it’s more than my isa has earnt in years with a considerably larger balance! Just don’t trust the whole thing enough to put more in!

Have you all bailed out? 🙂

Nope. Scaled down my expectations though. Less ‘wen lambo ser?’ more ‘wen BSO ser?’

I’ve been pretty disappointed with Ada price action. It’s stayed in the top ten but the price has also stayed fairly low whereas a lot of other coins have made relatively more gains (since the bottom of the current bear market).

actually, it’s been trending upwards for the last month or so.

Yea, I’d spotted that.

The mechanics behind it seem a bit more opaque though. Miners selling off their coins to pay their bills had to bottom out at some point, now there’s just stories of them selling off the actual ASIC’s. So there’s less supply of coins into the market.

Does the algorithm correct for that lack of hashing by making mining easier?

Does the algorithm correct for that lack of hashing by making mining easier?

It’s dropped a bit but not a huge amount: https://www.blockchain.com/charts/hash-rate

Edit: ah, that wasn’t what you were asking. Here’s the chart you want: https://www.coinwarz.com/mining/bitcoin/difficulty-chart

Still playing with the Casinos money as I got my original investment back a while ago. However, I’m really considering buying some ETH this weekend as I think it’ll tank. Then Ill flip as soon as prudence allows.

Nope. Scaled down my expectations though. Less ‘wen lambo ser?’ more ‘wen BSO ser?’

I’ve been pretty disappointed with Ada price action. It’s stayed in the top ten but the price has also stayed fairly low whereas a lot of other coins have made relatively more gains (since the bottom of the current bear market).

*The current bottom of the bear market

I’m still putting beer money in.
I’m not good enough to earn by trading and have so far failed to understand how to set up and program bots so I’m just buying a little bit of ETH and BTC each week and sitting on them

Anyone else using Kraken had a random deposit today?

A tiny amount of EthereumPoW has gone on my account – £3.87’s worth at the minute! 🙂

Email confirming it seems genuine.

Ethereum holders were to get some Eth POW the main eth changed to POS

Cheers!

Yeah, not checked it out but had a deposit confirmation from Kraken in my email that I’ve just seen.

Gonna log-on now & see what’s what.

Yeah, I got the same. It looks like “the merge” went ok…… For now

If the fees for eth are going to stay more or less the same then it’s useless to me. IBC Cosmos Osmosis etc got it right with fees.

I hope no-one is suffering too much to enjoy this week’s soap opera? It’s like Eastenders but for Silicon Valley billionaires

LOL – I was just about to post!

Are all those redundant Silicon Valley types cashing in their Crypto! The downward graph will drop off the bottom of my phone before bedtime. 🙂

I looked a few days ago to see it was starting to climb back up abit, then this morning it’s crashed massively!
How so? What’s happening?

What’s happening?

The comment about Eastenders covers it. Two of the main exchange bosses decided to have a little feud and score so far is one exchange down and even some true believers thinking twice.

Looks like the party is over 🤦‍♂️

Couple of mates have “invested” lots over the past few years… Even chucking their government corona grants at it….

One of them was in for over 15k.

Ouch.

Guess he’ll be on the tools for a few more years.

Party’s not over until the…

https://www.bbc.co.uk/news/business-63577783

Oh.

Imagine McDonald's makes its own money, let's call them clown-bucks, keeps most of it, and sells some to the market.

McDonald's then uses their remaining clown-bucks as collateral for actual loans.

And then people remember clown-bucks aren't real.

— Lyn Alden (@LynAldenContact) November 8, 2022

Looks like the party is over 🤦‍♂️

Death of crypto pronouncement number 1,234,567…today

https://financialit.net/news/blockchain/bitcoin-declared-dead-over-200-times-last-five-years-yet-its-alive

Party’s not over until the…

https://www.bbc.co.uk/news/business-63577783

Oh.

Looks like they’ve enjoyed throwing money at the Mercedes F1 team! But they all have…

Anyway – I’m still looking at Yacht catalogues! 🙂

Buy the dip!

Buy the dip

I’ve done that with Tulips – still waiting for them to recover. But at least I have some nice flowers every year.

Buy the dip!

Eat the Dip – preferably with a nice crisp.

Does this mean the MS Paint j-peg pictures, sorry NFT’s are no longer worth a gazzilion pounds anymore? Oh dear, what a shame.

Early black Friday sale is it? Shut up and take my money!

Does this mean we get some of the more ‘unique’ forum members back to explain how they are now investing?

Well I’m the one at the top of this page saying “I’ve still got mine.” Just copy and paste that post down here. I’ll keep what I’ve got maybe it will all vanish, maybe it will be worth something in a year or two or three or X. Just treat it like a lottery ticket that lasts for years, or a bet on a veeeeerry slow horse race.

My BTC/ETH bot is still chugging away.

Currently experimenting with using RSI levels instead of fixed level grids but I’m still investigating.

Haha, it’s been brutal and interesting watching all the red on the screens, but it was a good run for the last few years. Maybe things will settle and it we can see another cycle in a few years?!? Who knows….

Fortunately had no exposure to FTX…. small victories! 😀

I’ve been buying Etherium through Paypal – I figure they’re as safe as anyone with my money!

Two of the main exchange bosses decided to have a little feud and score so far is one exchange down and even some true believers thinking twice.

Well one of them had almost gone bust beforehand and will probably file for liquidation if they haven’t done so already….

It’s like Eastenders but for Silicon Valley billionaires

The real trajedy is that those billionaires persuaded millions of ordinary people this was a get rich quick scheme with no actual work involved….

The real trajedy is that those billionaires persuaded millions of ordinary people this was a get rich quick scheme with no actual work involved….

That’s a bit unfair. Do you have any idea how many millions of man-hours have gone into making all those memes…

Isn’t the bust part of the cycle the best bit so you can get more free money? I’m sure Elon will pump it back to 60k again. Free money for all!

I’m sure Elon will pump it back to 60k again. Free money for all!

He’s too busy running Twitter into the ground right now….

Yeah but wait til he says you can pay for your blue tick with BTC…

Smug when it’s up or smug when it’s down. Choose one.

Smug when it’s up or smug when it’s down. Choose one.

Not really. I’ve been interested in crypto for about ten years, not as a get rich quick scheme but as a hobby and general interest. And yes, I wish I still had BTC that I bought back then but I haven’t…

But I can’t help raise a wry smile at all the jonny come-lately billy big-bollocks who have sprouted up in the last year or so, all regurgitating the same old shill YouTube content horseshit and positioning themselves as financial advisors privy to insider knowledge because they watched a Joe Rogan podcast. My mate for example, would look at me with a blank expression when I used to mention this stuff years ago, which is fine, it’s not exactly exciting. But just last year suddenly turned into a colossal crypto-bore, urging everyone to buy as much as they could afford and shoehorning buzzwords like HODL and WHALE into every sentence in order to look like they know what they’re talking about. All because he’d watched a few Youtube videos. I know of at least one person who took his advice seriously and has been putting every spare dime into it.

So yeah, fair enough. I’m happy that he now looks like a proper whopper. If only because it stops people being fooled with unrealistic expectations. You see them all the time popping up on Facebook to “urge everyone to buy buy buy! It’ll never be so low again” etc etc… trading on people’s ignorance and greed for clout. Get in the sea.

It’ll probably sky-rocket to 250k now just to make me look stupid. But that’s just it, nobody knows, Might sky-rocket, might plummet and die out, might just bumble along doing not much at all. The only definite winners are the people that bought early and didn’t spend it on weed 🙂