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There's a thread for the crypto folk somewhere, which I'm sure will help you work out how to 'invest' in memecoins, Trump Social stock and Trump NFTs.
I'm sure you'll get out before the dump part of 'pump and dump' happens.
I hadn't seen the 'D epartment O f G overnment E fficiency' angle before. What a time to be alive.
I'm sure a lot of people will be along to tell you it's a terrible idea.
However - create an account on: Kraken | The crypto platform for smarter investing
It's regulated as a bank in the US (okay, in Wyoming...), has more reasonable fees than most, and is generally seen as amongst the most reliable exchanges. IIRC you'll need to upload a photo of your passport, I did that years ago and no-one's stolen my identity yet.
Also I feel duty bound to suggest you consider Bitcoin as the OG crypto too (read up on prospects for the strategic bitcoin reserve, Senator Lummis, and other potential pro-BTC Trump staffers e.g.: Bessent in focus for US Treasury secretary after Paulson exits race | Reuters_
What is the best way to actually buy some
With someone else's money, but get a fee for doing it 🙂
I will go on record as strongly suggesting you don't.
And Ive got a fair few blockchain investments (gambles).
The only reason musk has a job is so he can dump/sell stock of any investment or indeed any profits in his adventures and pay NO tax. Imagine owning the world's biggest social platform and paying no tax.
If you really want to buy into doge the kraken is easy as is etoro.
Why not hedge your bets and buy shares in those doing the infra? Nvidia, Amd etc.
You can easily cash them out as well.
You have just as much chance of making money at this stage.
I've just read the Wiki page on Doge Coin. Funny! 🙂
Short answer…
DON’T!!!
please, just don’t…
Pronounce the “g’ as a “j’ and it sounds about right?
If he’s chucking in his life’s savings then I agree – DON’T.
But if it’s a few quid he can afford to lose then why not – not different to flutter on the grand national.
It's not my life savings , It won't be a huge amount. Just want to give it a try
If you're betting on it mooning then you could also look at a trading site like eToro. Generally they're a poor choice for crypto as the spread (buy vs sell price) is much larger than it would be on a crypto exchange but it's easy to use and simple to get set-up (especially if you already have an account for share trading anyway). Def don't use eToro for frequent buying and selling of crypto but for somewhere to buy and hold crypto it's OK.
I bought a lot of Nori's. They're a northern England analogue version of crypto and were mined in Accrington.
My Nori 'wallet' is big enough that I can live inside it - a bit like Tron but less blue coloured, and because I believed in traditional values of working hard and not buying shite i couldn't afford I now own all my Nori's.
When you own all your Nori's you tend to not really be affected by what some Cheeto coloured halfwit or is threatening to do.
*I have never actually been a mortgage advisor.
Just open a Revolut account.
Cool, let's see the lifetime trend whilst you're at it.
I had to go Google this.
It's a brave person who buys 'currency' set up as a joke and explained on Wiki with a set of unintelligible buzz words.
Seriously not worth investing then.
I invested in some gold this afternoon, just missed the lowest price in months by an hour but still below what it has been. I’ll just let it sit there for the next 20 years or so, not a huge amount but it’s something.
The fact Musk etc all want it deregulated and the amount of chancers I see pushing crypto online makes me very distrustful of the whole current concept, more importantly, I know I don't know nearly enough to risk going anywhere near it. 🙂
@matt_outandabout I had to do the same, but settled on reading the Wiki page.
Those commenting above about 'Dodgy-Coin' should probably do the same 😉 At the end of it I was actually inclined to buy some.
I've been thinking of buying some kind of 'coin' as a one off flutter for a while and this one looks sort of OK for a punt over the next four'ish years. I am not sure the-muffin-man has it quite right; I think its more of a game of roulette where you pick one number, but are allowed to keep it on for multiple spins during which time it may win/loose... or disappear in smoke! Either way, it probably lasts longer than a flutter on the Grand National*
* I don't actually bet on horses or anything, but I do occasionally do the lottery and hold some premium bonds so maybe my idea of gambling is skewed.
Let's just pause for a moment to think about exactly how ****ed up this whole thing is. President appoints wealthy financial backer to what is essentially a major government role. Said backer then names the department after his favorite cryptocurrency. These people are children, powerful, wealthy children.
Past year trend? Surely you get a better picture with a longer timeline.
So not for any money you are not prepared to never see again, but so is the lottery and I have spent more on that in the last 30 years than I am going to 'punt' on Doge stuff.
PS - There is even a "Church of Merch" 🙂
So not for any money you are not prepared to never see again, but so is the lottery and I have spent more on that in the last 30 years than I am going to ‘punt’ on Doge stuff.
If you’ve won a tenner in that time you’ve done better than Dogecon.
These people are children, powerful, wealthy children.
Agreed, just need to add in, "dangerous"... and not in the good way. ;-)
If the whole FTX SBF saga wasn't enough of a warning sign for you to realise that the whole crypto industry is an industrial scale scam then I think you deserve to loose money to it.
The gambling industry is also available for those that like to risk their money, fundamentally it's no different to betting on a sport, aside from the fact that sport is at least intended to be understandable.
@Drac - Past performance and all that, but the two graphs above seem to disagree.
That said, I am out of here now. Not as a flounce*, but because I am worried I am starting to sound like a Snake Oil Salesman and I am definitely not trying to persuade anyone to take the punt!
*Maybe I will come back in a year or something so you can all point and laugh at me 😀
I got into it for a bit, not dogecoin, but other altcoins. Currently am down, missed out earlier this year by a couple of weeks due to stuff being locked for staking and by the time it was released... you can guess, back down.
Take a look at the top 100. Amongst them, "dog wif hat", "pepe" (that green meme face thing), "bonk", "popcat", "peanut the squirrel" - yes they're amongst the top 100... of over 15000 other shitcoins listed.
Bought £100 of bitcoin when it dipped way down the other year, but unfortunately not enough to make up for the rest of it.
Those commenting above about ‘Dodgy-Coin’ should probably do the same At the end of it I was actually inclined to buy some.
that's what they're hoping for.
@bentandbroken all I see are two spikes and a lot of bugger all. If you're buying now you're off your head.
Crypto is in the throws of the bull market.
Enthusiasm has been pumped by Trump for sure. And you could say it's early in the cycle - but Doge along with others dumps faster than BTC.
Just 'bear' that in mind as you can be left with half your portfolio in a few days.
Don't use leverage.
Well I’m £8 down on my gold investment so maybe I’m not the best to take advice from, but at least my gold is real.
Apparently dogecoin is reducing its carbon footprint… but it is still high and on an individual level, as it’s an unnecessary, discretionary action to purchase it, it would seem irresponsible to do so…
Well I’m £8 down on my gold investment so maybe I’m not the best to take advice from, but at least my gold is real.
I would say the many extra thousands of pounds in my bank account courtesy of buying & selling crypto (mostly Bitcoin) is pretty real too.
FWIW, I do have some Doge too, but hardly expect it to change my life.
I would say the many extra thousands of pounds in my bank account courtesy of buying & selling crypto (mostly Bitcoin) is pretty real too.
As in the gold physically exists.
The best time to buy crypto is when the headlines are all doom and gloom. Not when they're hailing the latest crypto high.
So now would be a good time to chuck some pocket money at it!* 😀
(*very much not your life savings!)
I bought a lot of Nori's. They're a northern England analogue version of crypto and were mined in Accrington.
I've heard that they aren't doing so well. You must be bricking it...
So I didn't end up buying any which has turned out to be good as it's now at $0.14 and was $0.32
Elon's recent behaviour has meant any interest I had in this has now gone
I'm sure it will be included in the latest batshit Trump idea, the 'Federal Crypto Reserve', which will drive the price up again temporarily.
I bought some a couple of months ago, my $1000 is now worth $523, yay 🙁
I'm sure it will be included in the latest batshit Trump idea, the 'Federal Crypto Reserve',
im holding out for the Federal Strategic Beanie Baby Reserve
I've heard that they aren't doing so well. You must be bricking it...
My Nori's are worth 4 times the amount they were 5 years ago. I stacked them all big enough that we could live inside!
The crazy thing is that if you walk into an old fashioned high street bank they will lend you money so you can buy your own Nori mine!!!
Crypto is a very volitle investment, even more so if t's backed by trump&musk ...
I'd sooner gamble on Forex trading if I wanted an incredibly high risk 'investment'.