Anyone invest in Cryptocurrency?

Jul 24, 2012
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You cunts still buying this fools gold? :lol:

What bookies is it you use to bet on these markets, is it the Binance website or that Coinbase?

I think I might just fuck around with it become a millionaire Rodders.
 

mandela

CHB Führer
May 16, 2013
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You cunts still buying this fools gold? :lol:

What bookies is it you use to bet on these markets, is it the Binance website or that Coinbase?

I think I might just fuck around with it become a millionaire Rodders.
Both, man.

Coinbase has a lot more coins on it nowadays and is a bit more accessible, I think.

If I may be so bold, as much as I agree with the general gambling sentiment of your post, I have to highlight that Tron is literally buying money and if you're not buying it you're basically throwing money away.
 
Jul 24, 2012
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7,385
Both, man.

Coinbase has a lot more coins on it nowadays and is a bit more accessible, I think.

If I may be so bold, as much as I agree with the general gambling sentiment of your post, I have to highlight that Tron is literally buying money and if you're not buying it you're basically throwing money away.
Aye, it looks no bad mate... 60 odd % this year?

5739

What makes this different than all the rest?

To be honest, I was thinking of just spending £30-40 here and there on BTC to see if it goes up or down.

I think I might have mentioned it before but I lost a shitload of money on penny-shares a good few years back. One of the most significant mistakes of my life and I ain't never repeating that shit but I might fuck around with the mind-set of it just being small time but long drawn out gambling.

Is there a fee for buying BTC, like a commission paid to the exchange or anything?
 

mandela

CHB Führer
May 16, 2013
22,103
9,812
Scotland
Aye, it looks no bad mate... 60 odd % this year?

View attachment 5739

What makes this different than all the rest?

To be honest, I was thinking of just spending £30-40 here and there on BTC to see if it goes up or down.

I think I might have mentioned it before but I lost a shitload of money on penny-shares a good few years back. One of the most significant mistakes of my life and I ain't never repeating that shit but I might fuck around with the mind-set of it just being small time but long drawn out gambling.

Is there a fee for buying BTC, like a commission paid to the exchange or anything?
Well, the main difference is me and @Jay own a tonne of it so need others to buy to pump the price.

The cost of buying is pretty minimal and BTC is definitely the least risky.

Tbh, the market is still fuckin mental and defies all logic so just be careful. You can def make a LOT of money quickly but you can lose it too. I reckon just staying on top of it, setting your sell limits, not HODLing etc and you can do very well, very quickly.
 
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Jul 24, 2012
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Well, the main difference is me and @Jay own a tonne of it so need others to buy to pump the price.

The cost of buying is pretty minimal and BTC is definitely the least risky.

Tbh, the market is still fuckin mental and defies all logic so just be careful. You can def make a LOT of money quickly but you can lose it too. I reckon just staying on top of it, setting your sell limits, not HODLing etc and you can do very well, very quickly.
There is no logic, to any of it, so I wouldn't go looking for it man ... all these "do your homework" types and fuckers full of fantastical predictions with what will happen with this one or that one, technical analysis, charts, graphs, fucking LOL ... that's all bollocks IMO. Any of these can rise or dive at any minute.

Play with the money you can afford to lose, set your sell limits and don't get carried away with yourself... those were the valuable lessons I learned losing most of my savings in one year. I'm not really interested in all the tiny unknown cryptos, if it's not something in the public consciousness, I won't be going near it, even though I know full well they can spike and make you a fortune in no time.

I'll just be buying a small amount of BTC and holding over 12 months to see if it goes anywhere, my gut feeling is it'll rise a bit further and then go back on a steady downward trend at some point.
 
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Jun 4, 2013
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Aye, it looks no bad mate... 60 odd % this year?

View attachment 5739

What makes this different than all the rest?

To be honest, I was thinking of just spending £30-40 here and there on BTC to see if it goes up or down.

I think I might have mentioned it before but I lost a shitload of money on penny-shares a good few years back. One of the most significant mistakes of my life and I ain't never repeating that shit but I might fuck around with the mind-set of it just being small time but long drawn out gambling.

Is there a fee for buying BTC, like a commission paid to the exchange or anything?

Sorry to hear that mate. Penny shares are massively high risk but huge reward too which is why they're so low. P
What platform did you use?
 
Jul 24, 2012
7,708
7,385
Sorry to hear that mate. Penny shares are massively high risk but huge reward too which is why they're so low. P
What platform did you use?
Thanks mate, Interactive Investor (III) ... fucking Gas and Oil / mining speculation, it's risky as fuck and the temptation was to try to average down to catch a spike and get out of it relatively unscathed ... nope.

My mate was literally looking at becoming a millionaire from this one share, if it went to the levels predicted by the rampers, it was looking as close to a sure thing as you get in that market, meanwhile I was hurting from a load of others in my "portfolio" which were declining, so sold and bought wholesale into this one, they released an RNS one morning which sent the company off a cliff, eventually leading to bankruptcy a few years later... by that point, I think I got about £4k of my money back.

I try not to think about it, water under the bridge but decided lessons were learned and the penny share business was designed to chew investors of my level up for the enrichment of these big institutions that were dodgy as fuck and controlling everything, short selling and having insider information, it's like a bookies but the games are all rigged and massively stacked against you.

Reading some posts about Cryptos and the language being used gives me PTSD flashbacks. :lol:
 
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mandela

CHB Führer
May 16, 2013
22,103
9,812
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Thanks mate, Interactive Investor (III) ... fucking Gas and Oil / mining speculation, it's risky as fuck and the temptation was to try to average down to catch a spike and get out of it relatively unscathed ... nope.

My mate was literally looking at becoming a millionaire from this one share, if it went to the levels predicted by the rampers, it was looking as close to a sure thing as you get in that market, meanwhile I was hurting from a load of others in my "portfolio" which were declining, so sold and bought wholesale into this one, they released an RNS one morning which sent the company off a cliff, eventually leading to bankruptcy a few years later... by that point, I think I got about £4k of my money back.

I try not to think about it, water under the bridge but decided lessons were learned and the penny share business was designed to chew investors of my level up for the enrichment of these big institutions that were dodgy as fuck and controlling everything, short selling and having insider information, it's like a bookies but the games are all rigged and massively stacked against you.

Reading some posts about Cryptos and the language being used gives me PTSD flashbacks. :lol:
Sorry to hear that, man. Crypto is basically the same, imo. Especially with all the shit coins but you're right about the temptation as even the shittiest coin can catch a 600% spike in a day :lol:

There's definitely more stability at the top though. The top 10 coins, for example, are pretty well established in terms of market cap but the volatility is still insane with double digit daily swings a regular occurrence. I'm absolutely convinced that the only thing you need to succeed in this is the time and energy to stay all over it, and i mean minute by minute...but who the fuck has the time to do that?
 
Jul 24, 2012
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7,385
Sorry to hear that, man. Crypto is basically the same, imo. Especially with all the shit coins but you're right about the temptation as even the shittiest coin can catch a 600% spike in a day :lol:

There's definitely more stability at the top though. The top 10 coins, for example, are pretty well established in terms of market cap but the volatility is still insane with double digit daily swings a regular occurrence. I'm absolutely convinced that the only thing you need to succeed in this is the time and energy to stay all over it, and i mean minute by minute...but who the fuck has the time to do that?
Yeah but beware man, It fucking consumes you, the temptation to sit and watch the price tick up and down in real-time is so great, I would literally put off going into work first thing and would be sat with a trade queued up at 07:59am watching the seconds tick by, waiting to hit buy/sell the second trading opened. Along with every other fucker depending on what the RNS that was released an hour previously said...

It's so crooked though, you can't help but think when you see one spike like that, the people who were buying the previous day knew exactly what was going to happen and are the very same people who are now selling on the spike while the mug-punters are buying in trying to get in on the action and getting spiked when it falls just as quick later in the day... same shit in reverse when people I don't follow cryptos but is that a similar thing which happens there?

What @Someguy101 is asking above, whether to sell his BTC while he's in profit ... that's the fear and greed that fuels this, you fear the price taking a turn for the worse and you lose that profit but if you sell, then you might lose the additional profit you could have made if it keeps rising... it's a fucker. I'm the last cunt to be giving advice but take your profits when you can, the chances are you will be able to buy cheaper again at some point.
 
Apr 7, 2014
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Yeah but beware man, It fucking consumes you, the temptation to sit and watch the price tick up and down in real-time is so great, I would literally put off going into work first thing and would be sat with a trade queued up at 07:59am watching the seconds tick by, waiting to hit buy/sell the second trading opened. Along with every other fucker depending on what the RNS that was released an hour previously said...

It's so crooked though, you can't help but think when you see one spike like that, the people who were buying the previous day knew exactly what was going to happen and are the very same people who are now selling on the spike while the mug-punters are buying in trying to get in on the action and getting spiked when it falls just as quick later in the day... same shit in reverse when people I don't follow cryptos but is that a similar thing which happens there?

What @Someguy101 is asking above, whether to sell his BTC while he's in profit ... that's the fear and greed that fuels this, you fear the price taking a turn for the worse and you lose that profit but if you sell, then you might lose the additional profit you could have made if it keeps rising... it's a fucker. I'm the last cunt to be giving advice but take your profits when you can, the chances are you will be able to buy cheaper again at some point.
One big difference between crypto and penny stocks is that crypto is known for making people rich, while penny stocks are known for making gullible people broke (or more broke).
 
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Jul 24, 2012
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One big difference between crypto and penny stocks is that crypto is known for making people rich, while penny stocks are known for making gullible people broke (or more broke).
Dunno about that, you can get rich on pennystocks too, like I said in my previous post, my mate turned a 70k investment into around 650k and was en-route to make a million ... from one stock.

The charts for most of these cryptos over the past 12 months look like a bloodbath... or like a lot of small caps, looks exactly the same to me tbh.
 
Apr 7, 2014
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Dunno about that, you can get rich on pennystocks too, like I said in my previous post, my mate turned a 70k investment into around 650k and was en-route to make a million ... from one stock.

The charts for most of these cryptos over the past 12 months look like a bloodbath... or like a lot of small caps, looks exactly the same to me tbh.
Almost anyone who has held crypto for over two years will be up though.

Crypto is also an asset class.
 

mandela

CHB Führer
May 16, 2013
22,103
9,812
Scotland
Yeah but beware man, It fucking consumes you, the temptation to sit and watch the price tick up and down in real-time is so great, I would literally put off going into work first thing and would be sat with a trade queued up at 07:59am watching the seconds tick by, waiting to hit buy/sell the second trading opened. Along with every other fucker depending on what the RNS that was released an hour previously said...

It's so crooked though, you can't help but think when you see one spike like that, the people who were buying the previous day knew exactly what was going to happen and are the very same people who are now selling on the spike while the mug-punters are buying in trying to get in on the action and getting spiked when it falls just as quick later in the day... same shit in reverse when people I don't follow cryptos but is that a similar thing which happens there?

What @Someguy101 is asking above, whether to sell his BTC while he's in profit ... that's the fear and greed that fuels this, you fear the price taking a turn for the worse and you lose that profit but if you sell, then you might lose the additional profit you could have made if it keeps rising... it's a fucker. I'm the last cunt to be giving advice but take your profits when you can, the chances are you will be able to buy cheaper again at some point.
The market manipulation is even more rife in crypto (no way to prove that as i know nothing about penny stocks). You actually had groups on FB who would collude in picking a random shitcoin and place massive buys on it rocketing the price in minutes then all selling at exactly the same time. Some of these "pump and dumps" made people an insane amount of money...and lost a lot of people a lot too as it's effectively a zero sum gain. Every time someone wins, it's at the expense of others.
 
Reactions: Broxi
Apr 7, 2014
4,462
1,553
The market manipulation is even more rife in crypto (no way to prove that as i know nothing about penny stocks). You actually had groups on FB who would collude in picking a random shitcoin and place massive buys on it rocketing the price in minutes then all selling at exactly the same time. Some of these "pump and dumps" made people an insane amount of money...and lost a lot of people a lot too as it's effectively a zero sum gain. Every time someone wins, it's at the expense of others.
Those are the penny stocks of crypto.
 
Jun 4, 2013
5,352
2,180
Thanks mate, Interactive Investor (III) ... fucking Gas and Oil / mining speculation, it's risky as fuck and the temptation was to try to average down to catch a spike and get out of it relatively unscathed ... nope.

My mate was literally looking at becoming a millionaire from this one share, if it went to the levels predicted by the rampers, it was looking as close to a sure thing as you get in that market, meanwhile I was hurting from a load of others in my "portfolio" which were declining, so sold and bought wholesale into this one, they released an RNS one morning which sent the company off a cliff, eventually leading to bankruptcy a few years later... by that point, I think I got about £4k of my money back.

I try not to think about it, water under the bridge but decided lessons were learned and the penny share business was designed to chew investors of my level up for the enrichment of these big institutions that were dodgy as fuck and controlling everything, short selling and having insider information, it's like a bookies but the games are all rigged and massively stacked against you.

Reading some posts about Cryptos and the language being used gives me PTSD flashbacks. :lol:
And here we are bringing it up. Constantly. Sorry buddy.

I might give these stocks a go though. Just £25 a month ongoing. Worst case I lose beer money.
 
Reactions: Broxi