Wattie
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Shows how out of touch all these analysts in the US are....1-2Million predicted!
clueless.
No wonder they can’t find any inflation.
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- Thread starter tan55555
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clueless.
No wonder they can’t find any inflation.
stindig
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Cardano 45% up since this post. Happy days!
breezer
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Which others do you like? I have some Monero and Cardano, but am looking to diversify into other gambles.
stindig
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I I was investing right now, I'd buy Polkadot, Solana and Chainlink (not financial advice). Bitcoin has been very quiet for a few weeks, despite massive institutional investment, so I think that will take a hike soon.
I would definitely advise signing up to Coinlist, which costs nothing, and try and get into some IDOs. You won't get into every one - it's always oversubscribed and they randomise who is whitelisted, but if you succeed, they can sometimes rocket. I was lucky enough to get into Mina Protocol, which went up 120 X from the launch price, and Charli3 on Cardano which went up 30 X.
I would definitely advise signing up to Coinlist, which costs nothing, and try and get into some IDOs. You won't get into every one - it's always oversubscribed and they randomise who is whitelisted, but if you succeed, they can sometimes rocket. I was lucky enough to get into Mina Protocol, which went up 120 X from the launch price, and Charli3 on Cardano which went up 30 X.
Wattie
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Eth has done well too.
Contigo
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Hope you guys got in!!! Massive news this week for option with JLP.Check out CMRS. £2,25m cash, main market, £7m cap, holds half the mine licenses in Cyrpus and is aiming to produce 500,000 tonnes of Copper tailings at $350 per tonne. Gold grades are good too. I interviewed the CEO on the Roast. Check it out.
Zak’s Sunday Roast, 25th April, analysis of stocks, markets by traders and investors.
Grab a coffee, settle down and listen to the guy’s view – thoughts covering this week in the markets. New and exclusive to Share Talk. In this edition of “Sundaywww.share-talk.com
stindig
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ETH has done well but I got out a while ago. Whilst ETH still has significant first-mover advantage, having used it a lot over the last year, it is just appalling. Too slow, too cumbersome and massively expensive. I’ve been using Polkadot snd Solana recently and the difference is night snd day - £0.20 per transaction vs £30 for ETH!! Personally, I think when Cardano launches smart contracts in August, it will clean up, so that’s where my money is
Wattie
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Froddy
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Come on AUD/USD - you can do it!
Daily chart
Chart Image
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4 hour chart:
Chart Image
www.tradingview.com
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Froddy
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That looks fantastic - classic volatility squeeze on the daily chart - congrats!
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Froddy
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Well done, Wattie!
Wattie
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It’s likely to have a bit of a run given today’s bubble insanity.
Available through crypto.com........and perhaps worth a punt given it’s cheapness.
£300 gets you around 14million. If price ever gets into single cents you’re gonna do well and if it ever gets to a dollar.....
The growing hype
14% Of Americans Own Crypto: Here Is A Profile Of The Average HODLer | ZeroHedge
Available through crypto.com........and perhaps worth a punt given it’s cheapness.
£300 gets you around 14million. If price ever gets into single cents you’re gonna do well and if it ever gets to a dollar.....
The growing hype
14% Of Americans Own Crypto: Here Is A Profile Of The Average HODLer | ZeroHedge
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stindig
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I try and stay clear of joke coins that have no utility like Doge and Shiba. Yes, the kids on TikTok can talk a coin up in a day, but it invariably crashes at some point. Transaction fees on Ethereum were > $200 yesterday, which makes it totally non-viable, unless you are putting in tens of thousands at a time, so I've been using Polygon, Polkadot and Waves networks recently - transaction fees of a couple of cents.
I've put some effort into finding the highest return staking platform for stable coins, so that I can take some profits and invest a percentage long-term in a much lower risk environment. Providing liquidity with a BTC/UST pair on Terra gives 60% pa, plus you will still see benefit from the growth in BTC. I'll report back once I've done it.
In my opinion, BTC is likely to go on a run at some point in the next couple of weeks.
Is crypto a bit like spread betting? I'm very open to new investments but everyone I know who are involved are treating it very similar to the fix they get from the casino or sports betting. From what I see there is a lot of value in the tech but my underlying fear is the central banks will not want any of the big current coins to success BTC/ETH etc so surely they will kill it at some point and at that point the key is to be making money in the interim and ensure you aren't left holding the baby? This is the main reason I haven't partaken yet and stuck with boring stocks.
Trying to figure out if it's worth a risk with a small amount or if you all think it's a ponzi?
Trying to figure out if it's worth a risk with a small amount or if you all think it's a ponzi?
Wattie
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I reckon it’s entirely possible bankers will kill it.....until then its worth a punt but the volatility is ridiculous.
Much of it is “greater fool theory” but if you can make a decent return in the meantime why not?
Just don’t get too greedy if you pick one that does well.
stindig
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That's the whole point - the banks cannot kill crypto because it is decentralised and nobody owns it. India has tried to ban crypto recently but failed. Indeed all of the large investment banks have recently launched Bitcoin trusts. Even the US is about to launch its first BTC ETF.
The crypto market is a strange mixture of different types of coins. Bitcoin is solely a store of value - like gold. Then there are real utility coins like Cardano, which recently gave identity (via mobile crypto wallet) to 5 millions kids in Ethiopia. It will allow micropayments at virtually no cost and will effectively become a world-computer hosting decentralised applications catering for digital payments, investing, digital identity, supply chain tracking, gaming and just about anything else you can think of. Then there is the world of decentralised finance - coins such as AAAVE and Compound, which have $42BN locked in (doubled since Jan this year) and give typical returns of 8-30% pa. Banks have been ripping us off for years but crypto allows us to benefit from the real investment profits.
Personally, I don't get the whole digital art concept, but there is no doubt that NFTs will be huge, with musicians being payed reliably and computer games able to swap and sell inventory that they have won, in the real world. IBM is now turning its patents into NFTs to be stored securely on the blockchain.
Coins like 'Synthetix' allow digital representations of real world assets such as oil or gold, and tie the coin to the real world value of the asset. The only issue I see with this is that, if you can then stake the coin to earn 8% interest, why would you invest in the real world asset? So investment in the real asset will reduce, the asset value will go down, which will then be reflected in the synthetic coin value = downward spiral.
Stablecoins mimic the value of currencies - typically the USD, but can be staked to provide liquidity and will earn better interest than anything from the establishment.
And finally, there are the joke coins that have no utility whatsoever, but can be pumped by the public in the short term.
Overall, the crypto world has huge merit and will eventually become mainstream, but is currently very immature and is absolutely riddled with scams, so whatever you do, be careful.
The crypto market is a strange mixture of different types of coins. Bitcoin is solely a store of value - like gold. Then there are real utility coins like Cardano, which recently gave identity (via mobile crypto wallet) to 5 millions kids in Ethiopia. It will allow micropayments at virtually no cost and will effectively become a world-computer hosting decentralised applications catering for digital payments, investing, digital identity, supply chain tracking, gaming and just about anything else you can think of. Then there is the world of decentralised finance - coins such as AAAVE and Compound, which have $42BN locked in (doubled since Jan this year) and give typical returns of 8-30% pa. Banks have been ripping us off for years but crypto allows us to benefit from the real investment profits.
Personally, I don't get the whole digital art concept, but there is no doubt that NFTs will be huge, with musicians being payed reliably and computer games able to swap and sell inventory that they have won, in the real world. IBM is now turning its patents into NFTs to be stored securely on the blockchain.
Coins like 'Synthetix' allow digital representations of real world assets such as oil or gold, and tie the coin to the real world value of the asset. The only issue I see with this is that, if you can then stake the coin to earn 8% interest, why would you invest in the real world asset? So investment in the real asset will reduce, the asset value will go down, which will then be reflected in the synthetic coin value = downward spiral.
Stablecoins mimic the value of currencies - typically the USD, but can be staked to provide liquidity and will earn better interest than anything from the establishment.
And finally, there are the joke coins that have no utility whatsoever, but can be pumped by the public in the short term.
Overall, the crypto world has huge merit and will eventually become mainstream, but is currently very immature and is absolutely riddled with scams, so whatever you do, be careful.