How do you decide which crypto currency to buy?

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!…

I would argue against the fact you have missed the boat with Bitcoin…..   We will see.

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…

My Helium miner is all of a sudden turning a profit..

Also MTL seems to be having a bit of a run… not swapped any of my HNT/SOL for them but maybe I should have…

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

So it’s a finite asset asset but with little intrinsic value who’s value is determined by speculation?

Excellent. Where do I buy?

Well it’s gone crackers again,and again feel like I’ve missed the boat on this one.Ive got 2 mates who have pretty much double their money in the last 2-3 months in crypto.How many millionaires will have just been created in the last 2 weeks.Its insane.

And yes I am gutted,and a tad bitter I didn’t invest like my mates did.?

The thing with crypto is there’s always another boat.

Mine total holding is up 50% in the last month (now worth about £2k total – back to where it was 8 months ago!), but I know it will drop again, then go up again, then drop again! 🙂

I just dribble money in and treat it as a long term gamble.

Could you ask ChatGPT to solve the bitcoin hash?

Chapeau.  I did ask ChatGPT if blockchain as a tech deployment died a death and this was the answer:

Blockchain hasn’t exactly “died,” but its hype cycle has certainly cooled, and many projects are taking a more pragmatic approach. 

I remember seeing BlockChain being touted as a tech solution for many mainstream areas hence my question:

Enterprise Blockchain Slowdown: Big corporations, like IBM and Maersk, started ambitious blockchain initiatives, but many of these have either slowed down or pivoted to less decentralized tech due to high costs, complexity, and scalability issues. Supply chain blockchain applications still exist but have largely become private or permissioned networks.

So in summary:

Blockchain as a technology isn’t “dead”—it’s more like it’s maturing and being more strategically deployed where it makes sense. The excitement may have waned, but certain sectors and applications are still investing and innovating within the blockchain space.

Has blockchain as a tech deployment died a death?

The professional hypers have moved onto AI so mostly yes. You can no longer get a big budget for “blockchain”.

Pretty much everyone looked at it and couldnt really see a good use for it. Its great for a very specialist use case where you have a zero trust shared database.

Even in cases where ownership is shared across companies because you then need to deal with dispute resolution etc. To take the “supply chain” reference that normally means you have something physical as well as the computer record so you cant just go “blockchain” but explain exactly how it relates to the physical objects and what happens if they disagree.

So a joint company gets set up to control that and hence no need for the zero trust db.

Seems to be following the usual Gartner hype cycle diagram and arguably in the trough of disillusionment phase

MSTR watches. I know your out there.

Another day,  another ba-ba-jillion dollars increase to stock price and market cap.  When and how will this madness end? (And could you tell me a couple of days before it happens?)

MSTR has gone bananas hasn’t it!

I am 300% up ony small investment wishing I put way more in, hindsight and all…

How do you decide when to sell your crypto currency? Serious question!

First time my total has been up above the total I put in, for 9 months (lost faith in it and stopped buying well over a year ago).

Any thoughts on Cardano/ADA, and Cosmos/ATOM?

Need some strategy I guess. I’m tempted to take some partial profits now, but with the small amounts I have, and knowing the potential for them to rise significantly if this bull run continues, am tempted to hang on, but ofc, will that will be regrettable if it the goes down hill again!

Fully aware that nothing is guaranteed and it’s a gamble so not sure what I expect anyone to say.

I can’t really help you, but a mate who has his eye on it constantly is planning on taking his profit in April if he can hold his nerve… I have no idea if that’s a good idea or not! He’s got his eyes on an extension and a new kitchen! ? A bit of a pump after trump gets inaugurated is quite possible i’d guess.

It’s a tough one, my wallet has gone 3x in less than a month. But I’m happy to gamble and wait longer, it’s been sat there doing nothing long enough that I’ve written that money off anyway so I’m willing to see if it keeps going, I might get a free bike out of it after all!! Or it might all go to zero tomorrow ??

How do you decide when to sell your crypto currency? Serious question!

Don’t think anyone can tell you this.

Need some strategy I guess.

Best strategy is to put the same amount in every week/month, regardless of price, and hold it as long as possible. It’s dollar cost averaging, and removes the risk of ploughing money in at stupid times – which is generally what people do when there’s all the hype.

In the long term it’s likely (but far from guaranteed) to go up. Could be by a little, or it could blow past a million. Just sit on it and forget about it.

You could make a lot of money in a short period of time if you’re willing to throw large amounts of cash at it. Or you could equally lose a shitload of money in a short period. Like a casino really. Don’t put anything in you’re afraid to lose.

It’s on a decent run already but I imagine it’s going to get hyped when it reaches 100k, possibly in the next day or so.

I’m not interested in buying strategies right now, I’m looking at when to sell.

For those who do DCA, and if using the DCA strategy does indeed lower the risk, wouldn’t it be even better to stop buying altogether at “stupid times” ?

wouldn’t it be even better to stop buying altogether at “stupid times” ?

Not if it keep going up…

I’ve always thought that half of the point of DCA strategy is that you loose a bit of sensitivity to price movements. You’re aiming to reduce the stress of trying to time the market and just exchanging a consistent amount of money on a regular basis.

Sometime you’ll get more crypto/shares for your money, sometimes you’ll get less. You always end up with more than you had before you bought though and that’s the point. You’re gradually growing your stash/investment/ bag/ whatever.

a mate who has his eye on it constantly is planning on taking his profit in April if he can hold his nerve… I have no idea if that’s a good idea or not!

Possibly tax reasons, one load out late March, another early April, two lots of CGT allowance?

For those who do DCA, and if using the DCA strategy does indeed lower the risk, wouldn’t it be even better to stop buying altogether at “stupid times” ?

No, because 100% gains on £100 is a lot less than 25% gains on £1000

I buy and sell all the time. Manually and just pick the right time and currencies. Take small profits frequently instead of waiting for a larger gain (or loss)

Lots of small profits add up.

How do you decide when to sell your crypto currency? Serious question!

Gut feel & some mildly educated guesswork based on past trends in my case.

Got a fairly sizable amount in Bitcoin right now & I have ‘sold it in my head’ probably 30 times this week, with a view to sitting it out for a while and see what happens. I haven’t actually done it yet though.

How do you decide when to sell your crypto currency? Serious question

Made the decision to sell today, couldn’t hold out any longer and means NBD is now round the corner! Still got a little bit of bitcoin left and some xrp locked in a sell order if it goes any higher. Gone bonkers over the last few days

HobNob’s advice to go on gut feel and mildly educatged guesswork struck a chord and so I sold ALL my Bitcoin! Admittedly, it only was worth £359 – but I’d only put £100 into Bitcoin and this time of year a little extra is always useful. Still have the Cardano & Cosmos, hoping they’ll get back somewhere closer to their ATHs within the next few months.