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Yes the cryptography element is mainly to ensure the immutability of past records in the block chain isn't it?
... And the security of new transactions ofc.
And yet I specifically mentioned BAT and Helium.
I didnt think you wanted your suggestions picking apart but since you mention them again.
If I follow you correctly you were trying to use these as examples of cutting out the middleman? Which given both of these are controlled by a single organisation who are inserting themselves as middlemen (Brave with their browser advertising model and Nova Labs with their bandwidth model) I am struggling to see why? You are tied into their ecosystem.
The NFT and stolen bikes doesnt really work either. Even leaving aside I assume most people know the bike they are buying is stolen (hence the bargain price) how would an NFT help? How do you associate it with a bike and how do you stop me moving them around. Who has the master rights over generating new nfts to stop me sticking one on the one I borrowed?
Are people still getting involved in these things? While I admit I have zero understanding of how they’re supposed to work, they just strike me as glorified Ponzi schemes.
Against that background, anyone who appears to have a clear view of the matter is going to have to expect questions.
On this thread the only people who have a clear view are the people who are fundamentally against crypto.
Despite loudly hailing the fact they know nothing about it.
Those of us who have looked into it a bit range from mildly curious to pretty optimistic. Few would claim to know where it is going though. That's a game for the True Believers.
I didnt think you wanted your suggestions picking apart but since you mention them again.
No, I said it would be very easy to pick apart. As would Netflix and Ebay (and, in fact, the entire internet back in 1995).
But you said I failed to take into account of how crypto interacts with the real world. That's completely wrong.
Whether these projects are going to succeed or not is a different matter. Ask me in 20 years. Until then, I'm not getting into a, 'but this will happen, no this will happen.' argument. It's completely pointless.
Which given both of these are controlled by a single organisation who are inserting themselves as middlemen (Brave with their browser advertising model and Nova Labs with their bandwidth model) I am struggling to see why? You are tied into their ecosystem.
In what way are you tied into their ecosystem? You can exchange BAT or HNT for whatever token you like. You can even exchange them for fiat if you want.
Despite loudly hailing the fact they know nothing about it.
Because we dont believe in the dream?
Those of us who have looked into it a bit range from mildly curious to pretty optimistic.
Because of course only you and the other true believers have actually looked into it.
No, I said it would be very easy to pick apart. As would Netflix and Ebay (and, in fact, the entire internet back in 1995).
Apart from, as I pointed out, this is rubbish.
By 1995 the web (I assume you mean that rather than the internet) had a clear purpose. It had some challenges and, in my opinion, seemed to have a brighter future than has happened but there was no question about the utility.
But you said I failed to take into account of how crypto interacts with the real world. That’s completely wrong.
Aside from your explanations are at the the equivalent of the mobile phone patent boom when sticking "on a phone" rendered any historical precedence for it on normal computers apparently irrelevant. So I would stick with not thinking it through. Announcing NFTs could solve stolen bikes is about the same as announcing lollipops could.
In what way are you tied into their ecosystem? You can exchange BAT or HNT for whatever token you like.
Because they control the initial provision. I mean fair play to them for coming up with a method where they pay with their own magic money rather than cash so i guess thats an upside of "crypto". Its just I disagree about it being a good one.
So Paypal are pausing Crypto sales from Oct 1st for a few months - I presume these FCA regs apply to other crypto platforms too? I've not seen any emails from Kraken.
I've not used Paypal, but I did have an e-mail from HSBC the other day telling me they are limiting the amount they are allowing customers to transfer to crypto exchanges - it was something like £10000/day or a £25000 weekly limit.
Given that I have only been transferring something like £200 at a time when I have been buying, I am not too concerned.
Kinda lost interest in it, used to go on daily an collect my "rewards" etc and once a week update my totals spreadsheet to try and keep track of what it was doing etc.
Which is handy actually, not updated it for 81 days. I put in what my 'portfolio' is worth before I update it, then what it is worth after updating it, and boom, a positive value!!
What this tells me is I've earnt £35.76 of rewards over the past 81 days. It also tells me the whole lot is worth £308.89 less than it was 81 days ago, but let's take the positives shall we!?
nickc
11,000 years in jail
Well yeah, but we all know he'll be out in 5,500 years with good behaviour!
Wait until the trial of Sam Bankman-Fried starts....
The last things you want to do is get on the wrong side of all of the big US financial institutions.
Any one got any Tellor (TRB)? I bought £100 worth off the back of my Helium mining a week ago and it's worth £155 now.... It might pay for a new front Strada Bianca tyre! This time next year Rodney....
Well yeah, but we all know he’ll be out in 5,500 years with good behaviour!
If it's any reflection of shitcoins it'll be 0.5 years.
This time next year Rodney….
£15 if you're lucky!
Well £70 up on the day and I've sold now as otherwise I'll be up all night watching it!
If anyone has money in Nicehash, make sure you move it before the 10th October, they are pulling out of the UK market due to regulation.
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
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.
Anyone else seeing their Crypto in free-fall and reading the Rolls Royce shares thread with a slight pang of envy!! 🤣