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Cryptocurrency trading strategies and updates

I hope, for the sake of all these poor souls who are getting into BTC at such high prices, that Elon and Tesla are serious about BTC and it is not a ploy to earn quick 15% over $1,5b.

Elon didn't have any liquidity when we were in strict quarantine last year.

His cars will have some serious competition when Toyota, Volkswagen and Ford start producing 100% electric cars. Right now, Teslas are overpriced and lack in build quality...

These are very negative thoughts and a very pessimistic pov but you never know with sociopath billionaires and their drive to earn more and more...

I'll leave this post. I hope to laugh at it in coming years.

I argue with some friends that are still long tesla that it is overvalued, their counter argument is that its not just a car manufacturer there is a lot more in terms of tech. anyway I won't go near it at this price.

Musk does seem a bit of a sociopath but I doubt he would involve Tesla in a pump and dump. He would maybe do it the way he is doing with Doge through his twitter posts.
 
I argue with some friends that are still long tesla that it is overvalued, their counter argument is that its not just a car manufacturer there is a lot more in terms of tech. anyway I won't go near it at this price.

Musk does seem a bit of a sociopath but I doubt he would involve Tesla in a pump and dump. He would maybe do it the way he is doing with Doge through his twitter posts.
It's definitely overpriced and can't compete with build quality and know-how of hundreds of years old car manufacturers.

Yeah, hopefully you are right about BTC part.
 
It's definitely overpriced and can't compete with build quality and know-how of hundreds of years old car manufacturers.

Yeah, hopefully you are right about BTC part.

Its just priced on future and for auto pilot and battery tech.
Also Tesla is the only company to own end to end production.
 
Tesla buyers are little worried about the quality of build or the competition coming up from seasoned manufactured.

Owning a Tesla is mostly about status symbol.

Yes indeed, there is a fundamental rule of Business economy, that EVERY BUSINESS has an end. So Tesla will have one too; however, for now, it's their time.
 
DOT, KSM, OCEAN (I mentioned at 0.30 now at 0.77, EWT I mentioned at 7.30 now at 9 - expect it to get to 20 dolla atleast). Dot at top 4 again.

ARE YOU NOT ENTERTAINED BROTHERS :akhtar

Kusama will get to top 15 in April :asad1

Now EWT is at $12+ :akhtar (Mentioned at $7.30)

:ds
 
Anyone else's Binance deposits taking ages to clear? Joke ting.

Binance server was down yesterday because of heavy load, centralized exchanges always have that problem. Bitcoin usually takes some times compared to ETH or other ERC 20 Tokens. Xrp is super fast lol :yk

Once it took me 12 hours to transfer Bitcoin
 
Crypto guide.

Here is a "cryptocurrency guide for newbies".

Source: not me.

I tried summing up the top 50 coins in 1 or 2 sentences. It is not perfect and you obviously shouldn't make any decision based on this list, but hopefully it will help newcomers find some projects they're interested in and understanding a little bit better this technology.

If something is wrong or misleading, feel free to comment and I'll edit the post. Obviously in 2 sentences is hard to describe the whole project idea, but I tried my best.



1. Bitcoin (BTC): the original. According to the creator (or creators?) Satoshi Nakamoto, it was created to allow “online payments to be sent directly from one party to another without going through a financial institution.”

2. Ethereum (ETH): Ethereum is the wonder child of crypto, acts as an infrastructure for most decentralized applications. Introduces smart contracts, which are like programs with specific procedures that, once deployed, no one can change.

3. Tether (USDT): a centralized stablecoin tied to the dollar (so Elon, please don’t try to pump it)

4. Polkadot (DOT): open-source protocol aimed at connecting all different blockchains and allowing them to work together, allowing transfers of any data.

5. Cardano (ADA): Another blockchain, trying to improve scalability, interoperability and sustainability of cryptocurrencies. Those who hold the cryptocurrency have the right to vote on any proposed changes in the software.

6. Ripple (XRP): centralized coin, most people don’t see a future for it after SEC went after it.

7. Binance Coin (BNB): coin associated with the Binance exchange, so valuable since it is the most popular centralized exchange.

8. Litecoin (LTC): Bitcoin’s cousin, with faster transactions and lower fees.

9. Chainlink (LINK): the main idea is to LINK smart contracts with real-world data, verifying that this data is correct.

10. Dogecoin (DOGE): Wow, such high ranking! (Okay, now please let’s get Stellar back in the top 10).

11. Bitcoin Cash (BCH): fork of Bitcoin (so a copy with some differences), which tries to lower transaction fees and increase scalability but has been surpassed technology-wise by many other coins aiming to do just the same.

12. Stellar (XLM): talking about currencies, XLM is one of the coins aiming to do just that, with fast processing times and low fees. It has also already become a stablecoin! (I’m kidding).

13. USD Coin (USDC): another centralized stablecoin tied to the dollar, like USDT.

14. Aave (AAVE): take a bank and make it decentralized, where the liquidity comes from the users and they earn fees from borrows. This is Aave.

15. Uniswap (UNI): Another DeFi like Aave, but this time it’s an exchange like Binance, just decentralized.

16. Wrapped Bitcoin (WBTC): It’s just bitcoin wrapped in ethereum to be used in DeFi applications.

17. Bitcoin SV (BSV)*: Bitcoin Scam Variant

18. EOS (EOS): another blockchain, aimed at being highly scalable for commercial use. It aims to make it as straightforward as possible for programmers to embrace the blockchain technology.

19. Elrond (EGLD): Blockchain architecture focused on scalability and high throughput, achieving this by partitioning the chain state and an improved Proof of Stake mechanism

20. TRON (TRX): have you seen Silicon Valley, when they try to create a decentralized internet? Yeah, Tron’s founder is Richard Hendricks. It is also one of the most popular blockchain to build decentralized applications on.

21. Cosmos (ATOM): several independent blockchains trying to create an “internet of blockchains”.

22. NEM (XEM): instead of controlling just money, you can control stock ownership, contracts, medical records, and stuff like that

23. Monero (XMR)*: if you need drugs

24. THETA (THETA): decentralized video delivery network (peer-to-peer streaming). The token performs various governance tasks within the network.

25. Tezos (XTZ): another blockchain for smart contracts, but more eco-friendly and overall trying to encompass different advancements introduced by different blockchains in a single protocol.

26. Terra (LUNA): aiming to support a global payment network, it tries to create a decentralized stablecoin with an elastic money supply, enabled by stable mining incentives. Its related stablecoin is TerraUSD

27. Maker (MKR): MakerDAO is the organization behind DAI, one of the most famous stablecoins. MKR is a token that allows you to receive dividends and vote in governing the system.

28. Synthetix (SNX): protocol on the ethereum blockchain aiming to allow trading of derivatives (shorting or going long on a certain asset).

29. Avalanche (AVAX): open-source platform aiming to become a global asset exchange, where anyone can launch any form of asset and control it in a decentralized way with smart contracts. It claims to be lightweight, with high throughput and scalable.

30. VeChain (VET): a blockchain focusing on business use-cases more than on technology, bringing this technology to the masses without them even knowing they’re using it.

31. Compound (COMP): It’s the Bitcoin of DeFi. It was the first-mover and without him many other projects wouldn’t be around today.

32. IOTA (MIOTA): open-source decentralized cryptocurrency engineered for the Internet of Things, with zero transaction fees and high scalability since it uses a blockless blockchain where users and verifiers of transactions are the same (it may sound wrong but it’s actually a genius concept, impossible to sum up in a single sentence).

33. Neo (NEO): Blockchain application platform and cryptocurrency for digitized identities and assets, aiming to create a smart economy. It was one of the coins that suffered most after the 2018 bull run.

34. Solana (SOL): another blockchain aimed at providing super-high-speed transactions. It claims to be able to process 50k transactions per second and be perfect to deploy scalable crypto applications.

35. Dai (DAI): the decentralized stablecoin of MakerDAO, tied to the dollar.

36. Huobi Token (HT): it’s the official token of Huobi (a centralized exchange), providing advantages similar to BNB (Binance’s), for example fees discounts.

37. SushiSwap (SUSHI): a clone of UniSwap (so a decentralized exchange), where there’s a token (SUSHI) given as an additional reward for liquidity providers and farmers.

38. Binance USD (BUSD): Stablecoin issued by Binance, tied to USD.

39. FTX Token (FTT): It’s a token related to FTX, a platform allowing you to trade leveraged tokens based on the Ethereum blockchain. The token allows for lower fees and socialized gains.

40. Crypto.com Coin (CRO): the token of Crypto.com public blockchain, that tries to enable transaction worldwide between people and businesses.

41. Filecoin (FIL): a decentralized storage system, trying to decentralize cloud storage services.

42. UMA (UMA): it builds open-source infrastructure in order to create synthetic tokens on the Ethereum blockchain

43. UNUS SED LEO (LEO): another token, this time related to the iFinex ecosystem which allows you to save money on trading fees in Bitfinex.

44. BitTorrent (BTT): BitTorrent is a famous peer-to-peer file sharing platform. It is trying to get more decentralized by introducing its token, which grants you some benefits such as increased download speeds.

45. Celsius (CEL): Celsius is one of the first banking platforms for cryptocurrency users, where you can earn interest, borrow cash and make payments/transfers. The CEL token grants you some benefits such as increased payouts.

46. Algorand (ALGO): Algorand is a blockchain network aiming to improve scalability and security. ALGO is the native cryptocurrency of the network, used for a borderless economy and to secure stability in the blockchain.

47. Dash (DASH): It is a fork of Litecoin launched in 2014, focused on improving the transaction times of the blockchain and become a cheap, decentralized payments network.

48. Decred (DCR): it is a blockchain-based cryptocurrency aimed at facilitating open governance and community interaction. It achieves this by avoiding monopoly over voting status in the project itself, giving to all DCR holders the same amount of decision-making power.

49. The Graph (GRT): Trying to become the decentralized Google, it is an indexing protocol for querying networks like Ethereum. It allows everyone to publish open APIs that applications can query to retrieve blockchain data.

50. yearn.finance (YFI): part of the DeFi ecosystem, it is an aggregator that tries to simplify the DeFi space for investors, automatic the process of maximizing the profits from yield farming.



*EDIT:

A couple of coin descriptions were just jokes, here are the actual explanations:

• Bitcoin SV (BSV): It is a fork of Bitcoin Cash (which is also a fork of Bitcoin). Once again, the reason behind this is to "stay true to Satoshi vision", trying to improve scalability and stability.

• Monero (XMR): Monero's goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography. Obviously this made this coin the go-to on the dark web.

I was sort of shocked I couldn't find this data basically anywhere (or where it was available, it was usually only for a list of like 10 coins). So, without further ado, here is a breakdown of the current top 101 coins by market cap, grouped into buckets based on their usage/purpose.

Note: Inevitably some coins try to 'do everything'. I limited each to only being listed once, so things are grouped by whatever their perceived or advertised primary purpose is, even if they theoretically can do more than that. (For example, probably 75% of the entire top 100 list has 'dApps' listed somewhere in their description, but it is not the main point they advertise on, at least currently, for many of them)

Store of Value

There's only one true asset in this category, and it's not one that intended to be here. Bitcoin was originally designed as digital currency, but insanely high transaction fees, changes in expectation over time, etc. have really morphed it into an asset more akin to gold or other asset stores. (AKA: It's an investment, not really for spending directly, and has limited other direct use.)

1 - Bitcoin

Digital Currency

What Bitcoin originally wanted to be, this is a category filled with Bitcoin spin offs and new tech focused primarily on cheaper, faster transactions. The use cases range from every-day purchases to more massive actions such as major cross-border intra-bank transfers. ( It's worth noting about half of this list also offers smart contracts as well ( or plan to soon ), but thus far have been primarily notable for general transaction speed/currency use. )

5 - XRP
8 - Litecoin
10 - Bitcoin Cash
12 - Stellar
21 - Terra/Luna
24 - NEM
46 - Dash
48 - Decred
56 - Ziliqa
65 - DigiByte
74 - Nano
84 - Horizen

Smart Contracts/Distributed Applications

This is going to be a long list. Smart contracts/dApps are pretty clearly the most exciting 'generic' use for Blockchain/Crypto Currencies by many people's viewpoint, opening the doors for a lot of unique applications and financial structures. Essentially everyone in this category is gunning for Ethereum's spot, and the competition is hot and heavy all the way down the top 100 list, with every entry trying to put their own spin on it.

2 - Ethereum
4 - Cardano
6 - Polkadot
18 - Eos
19 - Elrond
20 - Tron
27 - Tezos
29 - Avalanche
32 - NEO
34 - Solana
43 - Algorand
53 - Ethereum Classic
54 - Kusama
55 - Waves
59 - NEAR Protocol
63 - Hedera Hashgraph
71 - Celo
80 - Qtum
82 - Matic Network
90 - Fantom
95 - Energy Web Token
96 - IOST

Stablecoins

These are tokens that attempt to stay pegged to some real world kind of value (generally USD) via various methods. Pretty straight forward, and mostly varies by what network/exchange you're on.

3 - Tether
13 - USD Coin
36 - Dai
40 - Binance USD
84 - HUSD
89 - Ampleforth ( Peg to USD is fairly weak )
91 - TrueUSD

Exchange Tokens

These are tokens that primarily are associated with some kind of crypto-currency exchange, either Centralized(CEX) or Decentralized(DEX). A few of them also try to serve other purposes (Usually as Digital Currencies), but at heart being used as an exchange token is their most notable point, and they will largely rise and fall based on the success of their related exchange.

7 - Binance Coin
15 - Uniswap
33 - Huobi Token
38 - Sushiswap
39 - FTX Token
41 - Crypto.com Coin
44 - UNUS SED LEO
61 - Loopring
64 - SwissBorg
67 - THORChain
68 - Curve DAO Token
73 - PancakeSwap
76 - Voyager Token
81 - OKB
92 - Alpha Finanace Lab
100 - Bancor

Alternative Exchange Tokens

These are tokens that are related to the crypto trading markets, but aren't really proper exchange tokens. Basically for exchange-esque activities, or offering only a specific, narrow type of alternative trading.

25 - Synthetix ( Options Trading )
52 - 0x ( DEX Aggregator )
42 - UMA ( Options Trading )
72 - 1inch ( DEX Aggregator )
78 - HedgeTrade ( Crypto Hedge Fund Trading )
87 - Kyber Network ( DEX Aggregator )

Extra-Blockchain Communication/Transfers

These tokens/networks exist primarily to solve the problem of communicating between different blockchain networks/the non-blockchain world, and the transfer of assets across said barriers. (Ex. The Oracle Problem)

9 - Chainlink
22 - Cosmos
60 - Ren
75 - ICON
77 - Quant
99 - Ravencoin

Lending/Banking/Yield Farming

These tokens and networks focus around making trustless lending and banking (savings accounts) possible, and yield-farming via said lending. Generally speaking, they work via encouraging users to stake/lock up digital collateral from other networks into their own, giving the users the network's own tokens as the loan balance and/or paying the user tokens for other users borrowing their assets.

14 - Aave
28 - Maker
31 - Compound
45 - Celsius
47 - yearn.finance
58 - Nexo
97 - Venus

Privacy Coins

Fairly self explanatory, these primarily exist to keep as much data about the network/transactions/wallets as anonymous as possible. They've obviously gotten a bad rep at times as being used often for illicit activities, but there's nothing inherently wrong with wanting privacy either.

23 - Monero
50 - Zcash
101 - Verge

Other

These coins/tokens have largely unique use cases, that leave them without many/any direct competitors in the top 100. Whether they go up or down is going to be mostly based on if their use cases actually exist and if they can succeed in filling them correctly. A few of these are gunning towards long term moving into the more general categories, but at least currently book themselves as having a more narrow focus.

11 - Dogecoin ( Meme/Intro to Crypto )
26 - THETA ( Distributed Video Streaming )
30 - VeChain ( Supply Chain Logistics )
35 - IOTA ( Internet of Things Logistics )
37 - Filecoin ( Distributed File Hosting )
49 - The Graph ( Distributed Search Indexing )
51 - BitTorrent ( Blockchain-ifying the Bittorrent Protocol )
57 - Revain ( Distributed Review Platform )
68 - OMG Network ( Cheaper ETH Transfers )
69 - Ontology ( Identity/Private Data Management )
70 - Basic Attention Token ( Web Advertisement/Marketing Replacement )
79 - Siacoin ( Distributed File Hosting )
85 - Reserve Rights ( Stablecoin counterbalance token )
88 - Stacks ( DApp extension onto the Bitcoin Network )
93 - Decentraland ( Distributed Virtual-Reality Platform )
94 - Ocean Protocol ( Data Monetization )
98 - Enjin Coin ( Video Game Items/In-Game Economy )

N/A - Wrapped Assets

These are 'wrapped' versions of other assets (Bitcoin) floating around other networks for use on said networks. There's generally limited reason to directly invest in these when you could invest in their more liquid base asset. (Ex. You'd only buy them to use them in some specific DApp/etc, not just hold them in a wallet generally)

16 - Wrapped Bitcoin
62 - renBTC
86 - Bitcoin BEP2

Cheers, thanks for the read.
 
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Bitcoin uses more electricity annually than the whole of Argentina, analysis by Cambridge University suggests.

"Mining" for the cryptocurrency is power-hungry, involving heavy computer calculations to verify transactions.

Cambridge researchers say it consumes around 121.36 terawatt-hours (TWh) a year - and is unlikely to fall unless the value of the currency slumps.

https://www.bbc.com/news/technology-56012952
 
EWT trading it at $16.00, called it at 7.30, this is heading to $30 at least. Sec approved and German government shilling it from their official twitter account. Got more legs to run, got some inside news which I can't reveal :butt

https://twitter.com/dena_news/status/1360192352757944329

Mentioned Ocean at $0.30 and reached $1.34 (target 2.45 - $4 it will do a $LINK)


are you looking at AUTO ?

WTH dude?

It was recommended to me by someone at $860, and I thought it was pricey, and look at it now?
 
are you looking at AUTO ?

WTH dude?

It was recommended to me by someone at $860, and I thought it was pricey, and look at it now?

Seems like we need to be on the lookout for degen coins on pancake swap mate :yk3

i am willing to gamble on next new shilled coins on pancake swaap, can get a 100x - 1000x within a few weeks :asif

Missed out on auto, gonna get back to degen research.

Alhaamdullilah this year we can all haang up our keyboard :misbah4
 
Seems like we need to be on the lookout for degen coins on pancake swap mate :yk3

i am willing to gamble on next new shilled coins on pancake swaap, can get a 100x - 1000x within a few weeks :asif

Missed out on auto, gonna get back to degen research.

Alhaamdullilah this year we can all haang up our keyboard :misbah4

Any predictions on bear market?

It's gonna be hard this year lol
 
Any predictions on bear market?

It's gonna be hard this year lol

Yeah it will be tough, but I doubt it will be that big of a drop compared to last time where Bitcoin dropped 85%, I think we will see a 50% drop, alts will get slaughtered but as Institutions have arrived, I see crypto at 5 trillion - 7 trillion year end and 10 trillion next year. The dip yesterday was bought up so quickly. Man haven't seen a market as bullish as crypto :bhatti

I am taking profits on Kusama after hitting $700 - 1k :apology

$KSM touched $200 OMG LOL :yk 1k easy brothers
 
Yeah it will be tough, but I doubt it will be that big of a drop compared to last time where Bitcoin dropped 85%, I think we will see a 50% drop, alts will get slaughtered but as Institutions have arrived, I see crypto at 5 trillion - 7 trillion year end and 10 trillion next year. The dip yesterday was bought up so quickly. Man haven't seen a market as bullish as crypto :bhatti

I am taking profits on Kusama after hitting $700 - 1k :apology

$KSM touched $200 OMG LOL :yk 1k easy brothers

What do you feel about Bitcoin Cash?. It hasn't exploded yet and the volume is looking bullish.
 
Bitcoin storms past $50k for first time as mainstream appeal grows

Bitcoin has crossed the $50,000 barrier for the first time on the back of surging demand for the so-called crypto king among mainstream investors.

The cryptocurrency, which has endured wild swings in its value during a chequered 12-year history, struck a record high above $50,100 on Tuesday, according to the CEX.IO exchange.

The milestone was reached as traditional jitters over its legitimacy are cast aside through growing demand among corporate and institutional investors.

The clamour for a piece of the action has seen its value surge by more than 70% this year alone.

The buying trend was set just over a fortnight ago when Elon Musk's Tesla said it had invested $1.5bn (£1.09bn) in Bitcoin and would soon start accepting it as a form of payment for its cars and other products.

Since then, Mastercard, PayPal and even some investment banks have publicly supported crypto assets and exchanges have reported a surge in purchases from dealing desks.

Naeem Aslam, chief market analyst at Bitcoin broker AvaTrade, said: "Institutions are all over it.

"There is a lot of FOMO (fear of missing out) among traders as price is going through the roof and we have limited supply."

He argued that the currency's history of wild fluctuations in value was more likely to be curbed as a result of the new investors.

"Given the fact that billionaire, US corporate, and institutional clients are supporting the current rally, the Bitcoin volatility has tamed to a larger extent.

"The next target, once the price moves about 50K, is really the 65K."

Global regulators, including central banks, continue to urge a cautious approach to cryptocurrency trading given a lack of oversight.

In the UK, for example, the Financial Conduct Authority only has regulatory powers over Bitcoin in two areas: terrorist financing and money laundering.

However, mainstream market involvement in Bitcoin bolsters pressure on the authorities to create a framework as the currency finds itself on the books of companies that come under their regulatory remits.

https://news.sky.com/story/bitcoin-...irst-time-as-mainstream-appeal-grows-12219902
 
We have reached the point where random people that i know (who aren't any way typically involved with investing or crypto) are now looking at BTC as a way to gamble a few bucks in the hope that they're not too late for the moon.

When you get to this stage a correction cannot be too far away imo.
 
We have reached the point where random people that i know (who aren't any way typically involved with investing or crypto) are now looking at BTC as a way to gamble a few bucks in the hope that they're not too late for the moon.

When you get to this stage a correction cannot be too far away imo.

As Buffet says, Be fearful when others are greedy.

The problem is, every day, it just keeps going up. There is a correction but the bounce back is even quicker.

I there aren't seem to be too many of any such gems left under 5 cents or something that one can pick and hold for for the longer run.

All the good stuff (that's hyped up and seems to be good), has already gone up.
And Bitcoin doesn't seem like a good entry point for new comers unless you are a multimillionaire and got a few hundred thousand dollars sitting spare.

Lets see, the speculation is $140K per bitcoin by end of the year.
 
Imo why this has become a casino is stimulus cheques , and if another stimulus is passed by Biden this would lead to record inflation and money in the market.
 
We have reached the point where random people that i know (who aren't any way typically involved with investing or crypto) are now looking at BTC as a way to gamble a few bucks in the hope that they're not too late for the moon.

When you get to this stage a correction cannot be too far away imo.

I see a correction on the 18th as i have mentioned earlier in my previous post. A 15 - 20% correction to scare off new buyers then a month or two of consolidation seems likely. I am investing in presales now, not buying any other cryptos at these prices.

I see a big Correction in May, we will hit a peak then correction and September ultimate bloodbath. 2022 Jan New Alt high
 
Bitcoin hits new record of $50,000

Digital currency Bitcoin has risen to a new record high of more than $50,000 (£36,000).

The so-called cryptocurrency, which was created by an unknown inventor, has risen about 72% this year.

Bitcoin and other cryptocurrencies are generated by computers. Part of its supposed value comes from the finite number that can be computed.

But regulators have warned that they are risky, since their value can change fast, both downwards and upwards.

Much of this year's gain for Bitcoin came after Elon Musk's Tesla bought $1.5bn of them and said it would accept them as payment for its cars.

Supporters say Bitcoin can act as a store of value, like a digital version of gold.

"If that narrative comes to fruition, then the growth potential is off the charts as $50,000 per bitcoin equates to a market cap of roughly $931bn, which is almost 9% of gold," said John Wu, president at blockchain company Ava Labs.

"If BTC meets gold's market cap, then that would be at least $500,000 per bitcoin."

'Explosive growth'
Unlike other commodities, however, Bitcoin cannot be used for anything else, merely bought and sold. This has made attempts to value it difficult.

Pricing is also susceptible to large swings because of the limited number which are traded. Many supporters are holding on to them in anticipation of higher valuations. Should they all sell at once, the price could tumble.

With no intrinsic value, unlike a physical asset such as land, and no ability to generate an income, unlike a company or bond, cryptocurrencies are extremely volatile and can crash as fast as they rise.

Critics point out that while Bitcoin may have a finite supply of units - 21 million - the number of cryptocurrencies is ever-growing and potentially limitless.

People have lost large amounts of money in steep drops in the value of cryptocurrencies and in hacks and scams associated with them.

Britain's financial watchdog, the Financial Conduct Authority (FCA), opened 52 investigations into suspected cryptocurrency frauds in the year to 30 June 2020, according to a Freedom of Information request from law firm RPC.

That was fewer than the 59 opened in the previous 12 months, sparking speculation that the regulator was short of resources to tackle cryptocurrency frauds.

"Given explosive growth in high-risk cryptocurrency and related frauds, we would expect the number of FCA investigations to jump up and not fall away," said Sam Tate, partner at RPC.

"The sheen of respectability now being given to cryptocurrencies is being taken advantage of by cyber-criminals and online fraudsters."

The FCA declined to comment on the figures.

Bitcoin's value dropped by $5,000 on 4 January to about $29,000 before recovering the lost ground. On 11 Jan, it dropped $9,000 to $32,000.

Because cryptocurrencies can pass international borders quickly and are not regulated in the same way as cash or regular investments, investigating thefts is hard.

Last month, the FCA issued a stark warning to investors in so-called cryptoassets.

The financial watchdog said investors should be "prepared to lose all their money" should their investment's value collapse.

Source: https://www.bbc.com/news/business-56084499.
 
Is staking like interest? Anyone here stake their coins?

Its not really interest but similarish. Its a "reward" for holding funds in a wallet and essentially helping to validate the next block that is created. I haven't staked yet because in all honest I prefer buying and selling and any coins with staking rewards I was using for trading. I may stake my cardano as there are decent rewards.
 
I haven't personally invested but my astrologer thinks it's going to 10k :yk

Bro, great call on Kusama. I am up 130% in less than three weeks. Regret not taking a bigger position in it. I went big on DOT and ADA and they haven't done too bad either. You really know your stuff.
 
Do you guys think its too late to get into Kusama at this price?

Depends on how much do you want to invest and if you are ready to lose it all?

For me, KSM is too late for heavy investment.

These days I usually buy dirt cheap coins that I can pick in the amount of 10,000.

In my opinion, a 1 cent coin can easily go to 3 or 4 cents rather than a $1000 coin touching 3K or 4K in the same amount of time.

Look at this coin FRONT.
Going insane at the moment.
 
Last night, I picked up a bag of a coin called NuCypher NU.

Plan to hold it till the end of Feb. Lets see how it goes.

Another recommendation that I got was Mantra Dao OM but I didn't get a chance to look into it yet. I am keeping an eye on it.

Another one is IOST.
Keep an eye on it.
 
I'm quite new to this. I stupidly sold all my BTC in early Jan and have only started looking at altcoins recently. I've been watching Kusama for a while but unforunatley didn't go in. Was going to buy yesterday but wire transfer of funds to kraken took to long and now it's gone up 20%. I already bought a bag of GRT on Friday and I'm down on that. Don't want to keep making the same mistakes and buying at the wrong time. My research tells me KSM has the potential to go up alot, was looking to invest £1k but in it but might wait to see if there's a dip.

You're right about the smaller coins. They do have higher potential returns but obviously alot more risky and it's hard for a noob like me to find the right ones. Will def look into the ones you've suggested. Thanks for the recommendation.
 
I'm quite new to this. I stupidly sold all my BTC in early Jan and have only started looking at altcoins recently. I've been watching Kusama for a while but unforunatley didn't go in. Was going to buy yesterday but wire transfer of funds to kraken took to long and now it's gone up 20%. I already bought a bag of GRT on Friday and I'm down on that. Don't want to keep making the same mistakes and buying at the wrong time. My research tells me KSM has the potential to go up alot, was looking to invest £1k but in it but might wait to see if there's a dip.

You're right about the smaller coins. They do have higher potential returns but obviously alot more risky and it's hard for a noob like me to find the right ones. Will def look into the ones you've suggested. Thanks for the recommendation.

Yeah I got stung by Kraken as well.
The transfer got rejected and I had the same exact thing happened to me again last night when I tried to transfer funds to Gate.io to pick some FRONT. It was a $1 something.

BinanceUS FREAKING blocked my USDT transfer to Gate.io. WTH ??
I opened the ticket and they let it go this morning but now it's way too late now.
 
I'm quite new to this. I stupidly sold all my BTC in early Jan and have only started looking at altcoins recently. I've been watching Kusama for a while but unforunatley didn't go in. Was going to buy yesterday but wire transfer of funds to kraken took to long and now it's gone up 20%. I already bought a bag of GRT on Friday and I'm down on that. Don't want to keep making the same mistakes and buying at the wrong time. My research tells me KSM has the potential to go up alot, was looking to invest £1k but in it but might wait to see if there's a dip.

You're right about the smaller coins. They do have higher potential returns but obviously alot more risky and it's hard for a noob like me to find the right ones. Will def look into the ones you've suggested. Thanks for the recommendation.

I think Bitcoin, Ethereum, Cardano, Polkadot and Chainlink are pretty solid fundamentally and are relatively safe. Yes you might have missed out on some of the early gains but they still have a long way to go. This is supposed to be Ethereum's year with predictions for the price of Ethereum ranging from $10k - $30k by the end of the year. Cardano is a really exciting project and price projections are $8 - $10 by the end of the year. If these projections materialise then it doesn't matter when you got in, it just matters that you get in.

Among the smaller market cap coins, I am holding Kusama, Graph, Zilliqa and Ocean Protocol with small positions in Ripple, VeChain, Synthetix and UniSwap. These are a bit harder to predict as to where they will end up but I was lucky enough to get in relatively early and am in profit for all of them. But also have to remember that we are in a bull market right now.
 
Don't mean play the halal police role here but I've heard Ethereum is haraam since it's usury driven while shaykhs have no opinion thus far on BTC and the other crypto
 
Anyone buying Polkastarter? FA seems great, i've bought a bag at $1.50, now around $6. Would love to hear your thoughts.
 
Litecoin is another one to keep an eye on. I heard PayPal will start accepting LTC as payments, which will take LTC on a bull run. Moreover, ADA is a great project. I’ll suggest going big on ADA atleast
 
Guys is anyone looking into NFTs? This is still in its infancy and attracting interest from the likes of Mark Cuban and Chamath. If you get in early there is potential to make some serious $$$. Would be interesting to know if anyone has taken the plunge and what your investment strategy is.
 
Look at this coin BORA .... WTH ???

This is kind we want. Invest $50,000 and get out after it has reach 600%

But how in the hell one can find such a coin ????
 
Look at this coin BORA .... WTH ???

This is kind we want. Invest $50,000 and get out after it has reach 600%

But how in the hell one can find such a coin ????

There are around 3000 coins out there.

Your question is like saying "why don't openers smash James Anderson for 6 sixers?!" It can be done but you can easily get out.

Believe me, the pumpers out there are smarter than Jimmy.

It's better to be careful, and first learn, they do your research and finally "invest", try to play long game. Only invest that which you can easily lose and live without.

Sorry for patronizing speech but crypto is not a viable financial option, it has ridiculous ebbs and flows. People invest 12 hours a day in front of screens to "make" money. So watch out :)
 
There are around 3000 coins out there.

Your question is like saying "why don't openers smash James Anderson for 6 sixers?!" It can be done but you can easily get out.

Believe me, the pumpers out there are smarter than Jimmy.

It's better to be careful, and first learn, they do your research and finally "invest", try to play long game. Only invest that which you can easily lose and live without.

Sorry for patronizing speech but crypto is not a viable financial option, it has ridiculous ebbs and flows. People invest 12 hours a day in front of screens to "make" money. So watch out :)

naw that's no fun.

I want to pick a few million of a coin that is at $0.0001 cents and sell it for $154.00 in a few months. And be done with it.
Got other things to worry about in life. :virat1
 
Bro, great call on Kusama. I am up 130% in less than three weeks. Regret not taking a bigger position in it. I went big on DOT and ADA and they haven't done too bad either. You really know your stuff.

Not knocking Ashraful at all but you could have thrown a dart at any 5 coins listed in the top 100 on cmc and be up a significant amount right now.

The same people who thought they were genuises in 2017 were left holding the bag in 2018 and the circumstances were almost identical. Don't get too overexcited over gains in this ridiculous bull market and do not invest more than you can afford to lose.
 
Not knocking Ashraful at all but you could have thrown a dart at any 5 coins listed in the top 100 on cmc and be up a significant amount right now.

The same people who thought they were genuises in 2017 were left holding the bag in 2018 and the circumstances were almost identical. Don't get too overexcited over gains in this ridiculous bull market and do not invest more than you can afford to lose.


But many who were left holding extra large bags of dirt cheap coins are now in Millions of profit.
 
There are around 3000 coins out there.

Your question is like saying "why don't openers smash James Anderson for 6 sixers?!" It can be done but you can easily get out.

Believe me, the pumpers out there are smarter than Jimmy.

It's better to be careful, and first learn, they do your research and finally "invest", try to play long game. Only invest that which you can easily lose and live without.

Sorry for patronizing speech but crypto is not a viable financial option, it has ridiculous ebbs and flows. People invest 12 hours a day in front of screens to "make" money. So watch out :)

On a serious note though ...
Usually you can play the pump n dump with trash coins for a few million dollars in daily trade by what caught my attention was that it had over $2 Billion worth of volume in 24 hours.

It has folded down now but I am just keeping an eye on it.

But yeah, let me know if you come across something that interest you and it's a dollar
 
GUJRANWALA: Two men have been arrested in Gujranwala for their involvement in what is being reported as Pakistan's first Bitcoin robbery.

Two foreign nationals visiting Lahore on business had been taken hostage at gunpoint by the suspects. They stole cryptocurrency worth millions from them.

The police says the prime suspect is still at large.

The victims were Swiss and German citizens. The suspects robbed Rs14.7 million worth of cryptocurrency from them.

A man named Rana Irfan is suspected of inviting the foreigners to Lahore by tricking them into making an investment.

An FIR has been registered at the Race Course police station. It says Irfan invited Stephen and Maria to Lahore and kidnapped them, along with three others, from a local five star hotel as he took them on a ride "to show them the city".

The suspects reportedly sprinkled heroin on the foreigners and threatened to expose them as drug smugglers, after which they transferred Rs14.7 million of cryptocurrency to their account.

Police said the two accused were taken into custody from Gujranwala with the help of their vehicle numbers.

GEO
 
There are around 3000 coins out there.

Your question is like saying "why don't openers smash James Anderson for 6 sixers?!" It can be done but you can easily get out.

Believe me, the pumpers out there are smarter than Jimmy.

It's better to be careful, and first learn, they do your research and finally "invest", try to play long game. Only invest that which you can easily lose and live without.

Sorry for patronizing speech but crypto is not a viable financial option, it has ridiculous ebbs and flows. People invest 12 hours a day in front of screens to "make" money. So watch out :)

Are you suggesting it is viable potentially to invest and hold long term or avoid altogether due to the volatility ?
 
On a serious note though ...
Usually you can play the pump n dump with trash coins for a few million dollars in daily trade by what caught my attention was that it had over $2 Billion worth of volume in 24 hours.

It has folded down now but I am just keeping an eye on it.

But yeah, let me know if you come across something that interest you and it's a dollar

I generally avoid cryptocurrency, but there is Bitcoin ETP (ETF) on Trading 212 which has been placed in close mode only; I imagine this must be the case with most platforms after recent events
 
Are you suggesting it is viable potentially to invest and hold long term or avoid altogether due to the volatility ?

Mandatory: I'm not a financial advisor. And you should never take financial advice from internet strangers.

Definitely select a crypto with potential, BTC or ETH. You can't go wrong with these two.

Then go here: https://coinmarketcap.com/currencies/ethereum/

See 24h volume if you wanna "play" short term or just buy and hold long term.

Avoid coins like DOGE, people have bought at 0,07 and are holding at 0,05. Just don't be one of those people. Also, almost everyone on internet is shilling one thing or other. It's like Mamoon always shilling for India and against Pakistan. We recognize it because we see his posts everyday, but on Twitter, Facebook, Reddit etc. people change their usernames or their history is hidden behind layers of propaganda... you get the pattern, right?

Also, now is a Bullish(every coin's price is rising) market even my grandma can't make a mistake ;)
 
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I generally avoid cryptocurrency, but there is Bitcoin ETP (ETF) on Trading 212 which has been placed in close mode only; I imagine this must be the case with most platforms after recent events

I usually don't do traditional stocks but trading crypto on crypto platforms are up and running.

There is; however, this one particular crypto called AUTO.

Take a look at it. Absolutely mind bogling.

On Feb 3rd, it was sitting at $452. Today, in a matter of 15 days, it is over $11,000 a piece.

It's not available for a straight trade on any platform form.

You've gotta buy WBTC and then swap it with AUTO. It's sort of a close trade but not exactly.

But whatever it is, these gains are putting Bitcoin to shame.
 
https://www.theguardian.com/games/2021/feb/19/nvidias-new-gaming-software-puts-brakes-on-mining-cryptocurrency

The newest graphics cards from the gaming processor designer Nvidia will be artificially constrained in their ability to mine cryptocurrencies, the company has announced, as it desperately tries to manage a year-long inability to satisfy demand.

The RTX 3060, a high-powered PC peripheral designed to let gamers get the best performance from their machines, will ship with software that makes it half as effective at mining the cryptocurrency Ethereum as it could be.

“We designed GeForce GPUs for gamers, and gamers are clamouring for more,” said Nvidia’s Matt Wuebbling, the global head of GeForce marketing. “Yet Nvidia GPUs are programmable. And users are constantly discovering new applications for them, from weather simulation and gene sequencing to deep learning and robotics. Mining cryptocurrency is one of them.”

To make up for the limitations, Nvidia is also launching a separate product line, marketed as cryptocurrency mining processors, which lack video output. Useless for gamers, they could lower the cost of entry for cryptocurrency miners.

The company’s struggle highlights the pressure the cryptocurrency sector is imposing on other parts of the economy. Cryptocurrency mining requires ready access to extremely fast processors and cheap electricity. Processor designers such as Nvidia have struggled to keep up with demand from gamers alone during the pandemic, and extra pressure from cryptocurrency miners has led to long-term sales shortages and rocketing prices on eBay.

Electricity markets have also suffered from the soaring price of bitcoin and other cryptocurrencies. Earlier this year, Iran blamed bitcoin miners for rolling blackouts, with the government saying the low cost of electricity, which can cost just 5% of the UK price, had acted as an incentive to huge numbers of miners to set up in Iran. One mine alone was using 175MW of electricity, the government said.
 
Mandatory: I'm not a financial advisor. And you should never take financial advice from internet strangers.

Definitely select a crypto with potential, BTC or ETH. You can't go wrong with these two.

Then go here: https://coinmarketcap.com/currencies/ethereum/

See 24h volume if you wanna "play" short term or just buy and hold long term.

Avoid coins like DOGE, people have bought at 0,07 and are holding at 0,05. Just don't be one of those people. Also, almost everyone on internet is shilling one thing or other. It's like Mamoon always shilling for India and against Pakistan. We recognize it because we see his posts everyday, but on Twitter, Facebook, Reddit etc. people change their usernames or their history is hidden behind layers of propaganda... you get the pattern, right?

Also, now is a Bullish(every coin's price is rising) market even my grandma can't make a mistake ;)

Nice one, which platform is the most ideal currently / reliable ? also does buying BTC etc work similar to stock/shares, would be good to buy fractions if possible lol interested to learn/understand crypto more prior to investing, but I gather most must look towards the short term gains potentially during a bullish market
 
Nice one, which platform is the most ideal currently / reliable ? also does buying BTC etc work similar to stock/shares, would be good to buy fractions if possible lol interested to learn/understand crypto more prior to investing, but I gather most must look towards the short term gains potentially during a bullish market

Platform aka exchange: Binance is good to start. Mandatory:
Also you can register in Coinbase and see some videos in their apps reward section they will gift you like 30€ of cryptocurrency for free. Nothing to lose and you see how it works.

Everything is going up right now so you can "invest" short term in any of top 10. Just see Coinmarketcap and see posts here. We'll try our best to be objective, stoic and honest ;)


Example: Polkadot and BNB are doing fine.
 
Oh and market always crashes. It's a fact. There's a bear around after every bull market. Hence, we say not to spend your essential money.
 
There is a word about DODO going on Binance,,, and once it does, it may perhaps shoot up even more. It's already pumping. Keep an eye on it too.
 
Platform aka exchange: Binance is good to start. Mandatory:
Also you can register in Coinbase and see some videos in their apps reward section they will gift you like 30€ of cryptocurrency for free. Nothing to lose and you see how it works.

Everything is going up right now so you can "invest" short term in any of top 10. Just see Coinmarketcap and see posts here. We'll try our best to be objective, stoic and honest ;)


Example: Polkadot and BNB are doing fine.

Do you feel BTC and others are due a correction soon given the sharp rise recently ? that's the risk I suppose but perhaps not much of a big deal for those who believe in BTC in the long run.

Also what are your views on Argo Block Chain and the BLOK ETF, there are available on my Trading 212 platform and I believe they are linked to crypto currency / currency behind them especially Argo BlockChain
 
Anyone get shaken out of the market over the last couple of days. I think I was legit down 20% across my whole portfolio at one point. Finger hovered over the sell button but managed to tough it out.
 
Anyone get shaken out of the market over the last couple of days. I think I was legit down 20% across my whole portfolio at one point. Finger hovered over the sell button but managed to tough it out.

Naw. The recovery time seems faster than the time market stays in a dip.
It was not a bad time to buy more.
I picked up some SNX for $16.70 a piece.

I am eyeing on XRP.
It looks like they have a stronger case and won’t have a huge adverse impact when the judgment comes out. SEC will probably not get much out of this courtroom battle.
 
How Bitcoin's vast energy use could burst its bubble

We've all heard the stories of Bitcoin millionaires.

Elon Musk is the latest.

His electric car company Tesla made a paper profit of more than $900m (£646m) after buying $1.5bn (£1bn) -worth of the cryptocurrency in early February.

Its high profile support helped pushed the price of a single Bitcoin to more than $58,000.

But it isn't just the digital asset's price that has hit an all-time high. So has its energy footprint.

And that's caused blowback for Mr Musk, as the scale of the currency's environmental impact becomes clearer.

It also helped prompt a series of high profile critics to slate the digital currency this week, including US Treasury Secretary Janet Yellen.

President Biden's top economic adviser described Bitcoin as "an extremely inefficient way to conduct transactions," saying "the amount of energy consumed in processing those transactions is staggering".

It's unclear exactly how much energy Bitcoin uses. Cryptocurrencies are - by design - hard to track. But the consensus is that Bitcoin mining is a very energy-intensive business.

Source: https://www.bbc.com/news/science-environment-56215787.
 
Bro, I guess there has been a market correction in the past week and numerous coins in losing upto 10%. Do you recommend any coins to buy in this dip? What's your view on XRP? I'm reading mixed views on this, some say to buy and other suggest to sell?
 
Bro, I guess there has been a market correction in the past week and numerous coins in losing upto 10%. Do you recommend any coins to buy in this dip? What's your view on XRP? I'm reading mixed views on this, some say to buy and other suggest to sell?

Personally, I am following attorney Jeremy Hogan

https://youtube.com/watch?v=nI77u50XH2A

You can do your own research and make your own decision.

In my personal opinion, SEC has a weaker case and judge is someone who looks to be favorable of ordinary people perhaps more than big corps.

And lots of people are stuck with investment in ripple, so ripple may not see any extremely harsh punishment but who knows?
 
Personally, I am following attorney Jeremy Hogan

https://youtube.com/watch?v=nI77u50XH2A

You can do your own research and make your own decision.

In my personal opinion, SEC has a weaker case and judge is someone who looks to be favorable of ordinary people perhaps more than big corps.

And lots of people are stuck with investment in ripple, so ripple may not see any extremely harsh punishment but who knows?

Thanks for your advice and much appreciated.
 
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A teacher friend of mine goades me about missing on the bitcoin frenzy. He brought and stayed with it when it dropped from $20k to 5, and today it stands around the 50k mark. I still think its a ponzi scheme but with all the big players coming in, maybe I was wrong.
 
https://www.reuters.com/article/us-russia-cryptocurrencies-bitriver/remote-siberian-data-center-reaps-rewards-of-bitcoin-rally-idUSKBN2B11RJ

Four thousand kilometres from Moscow near the shores of the Angara River, a Russian firm operating a vast data centre run on cheap local hydroelectric power is reaping the rewards of bitcoin’s surging prices and plans to double its power output this year.

BitRiver hosts equipment at its flagship 100-megawatt data centre in the city of Bratsk, along with other smaller sites, for foreign miners of the cryptocurrency from the United States, Europe and Japan who want to harness the region’s cheap energy.

The company could already be responsible for as much as 2% of global bitcoin mining, Chief Executive Igor Runets estimated, but added precise figures in the sector were hard to come by.

The price of bitcoin has risen almost 300% since the start of November and topped $50,000 dollars for the first time last month, as Tesla Inc bought $1.5 billion worth of bitcoin and other large companies and investment houses followed small traders into the asset.

Bitcoin is earned -- or ‘mined’ -- by using your computer to help process the uncrackable “blockchains” or digital transaction records that underpin the currency.

This requires huge computing capacity, and a lot of electricity, and so is mostly done with huge machines in aircraft hangar-sized warehouses in the cooler climates of Iceland, Canada, northern China and Russia, where it costs less to disperse the heat generated.

The rewards for those who can verify transactions in the process which produces bitcoins have never been greater.

“Current demand from our clients exceeds 700 megawatts and is approaching one gigawatt,” said Runets. “We will of course continue to build data processing centres. In 2021, we plan to reach 300 megawatts of power.”

Another 100-megawatt centre is already under construction in the neighbouring Buryatiya region, Runets said.

Big deals with foreign firms, such as one last December which saw 14 lorries full of equipment arrive in Bratsk, can boost the local economy and are a sign that BitRiver has become a global player, he said in a company video.

Russia granted cryptocurrencies legal status last year, but banned them from being used as a means of payment.

“Current legislation in Russia does not hamper us in any way,” Runets said. “It allows us to host foreign clients’ computing equipment on Russian territory with settlements for this in dollars or roubles.”

This arrangement reduces the financial impact of bitcoin price swings on BitRiver.

“When bitcoin falls or rises, my profit, my revenue remains almost unchanged,” Runets said. “This financial stability in a volatile market is very valuable.”

More liberal legislation would lead to greater investment from Russian players, Runets added, which could help BitRiver improve on its 2.5x year-on-year revenue growth in 2020. He declined to disclose further financial details.

One of the primary concerns levelled at bitcoin miners is their carbon footprint. Runets said BitRiver uses more than 90% green power as it builds data centres in regions with electricity surpluses and renewable energy sources nearby.

Russia accounts for about 7% of the world’s bitcoin mining, according to Alexander Brazhnikov, executive director of the Russian Association of Cryptoeconomics, Artificial Intelligence and Blockchain, a figure that does not include grey-market players and those illegally connecting to power grids.

Kazakhstan is responsible for a similar figure, while China is the market leader.
 
[MENTION=45836]Ashraful_Rox[/MENTION] [MENTION=139649]WhenSultansBowled[/MENTION] [MENTION=151861]Colorblind Genius[/MENTION]

In the current market, what sort of % dip do you tend to look for to buy in / is safe ? BTC is not too far away from another all time high again.

In the instance you do buy in during this period, when do you anticipate another peak and potentially another correction ?

Am looking to put about 1k in and spread it against the following with the following asset allocation:

- BTC 70%
- ETH 10%
- ADA 10%
- DOT 10%

Just wondering about the timing of when I do it, also; what are your thoughts on this sort of portfolio and any suggestions ? I don't mind holding long term, as I'd always invest what I don't need.

Another question for you knowledgeable fellas, I have been checking out both Binance and Coinbase;

Binance has a decent variety of coins which is nice compared to Coinbase, on Coinbase itself what other coins do you like ?

But a big concern for me recently is that, via the app I bought some ETH when the price was roughly £1314 but my order was executed at £1318 ! surely this shouldn't be the case?

Am also big on learning more and as someone who invests often in shares/stock I use the Simply Wall St App, is there a similar learning resource for Crypto ?

Thanks guys
 
[MENTION=45836]Ashraful_Rox[/MENTION] [MENTION=139649]WhenSultansBowled[/MENTION] [MENTION=151861]Colorblind Genius[/MENTION]

In the current market, what sort of % dip do you tend to look for to buy in / is safe ? BTC is not too far away from another all time high again.

In the instance you do buy in during this period, when do you anticipate another peak and potentially another correction ?

Am looking to put about 1k in and spread it against the following with the following asset allocation:

- BTC 70%
- ETH 10%
- ADA 10%
- DOT 10%

Just wondering about the timing of when I do it, also; what are your thoughts on this sort of portfolio and any suggestions ? I don't mind holding long term, as I'd always invest what I don't need.

Another question for you knowledgeable fellas, I have been checking out both Binance and Coinbase;

Binance has a decent variety of coins which is nice compared to Coinbase, on Coinbase itself what other coins do you like ?

But a big concern for me recently is that, via the app I bought some ETH when the price was roughly £1314 but my order was executed at £1318 ! surely this shouldn't be the case?

Am also big on learning more and as someone who invests often in shares/stock I use the Simply Wall St App, is there a similar learning resource for Crypto ?

Thanks guys

How did you buy ETH? Limit or Market?
If you had it set on "Market" then the system found the best available price on the spot and filled the order for you.
If it was "Limit" then you should've purchased it at your named price + some fee, when the market price matched with your ordered price.

For Binance,
American users aren't allowed to use it. For us, we have Binance.US which still has good # of choices.

I had some changed left about a month ago, so I picked up 10K Matic and 10K HBAR when they were dirt cheap. Looks like I got a little lucky on it.

I also trade on Kucoin which has a lot of good choices.
I have a bag of Vechain sitting on Kucoin for the last 3 years that I had totally forgotten about.
I recently picked up 10K XRP on Kucoin. For me personally, this should be my top performer for a short term gain. If they win the case and price goes up to $5. I will sell it all.

And if you look at my previous posts, I missed out on IOST, so it's on my radar when the next market correction happens.
ENJ was also another one that I was eyeing on but it slipped and mooned before I could make the move.

So far as the future speculation goes, obviously you know it's almost impossible to predict anything.
I have rather noticed that most of predicted stuff in crypto is proven wrong.

So, everyone must do their own research and make their own final decision.


The challenge is, almost everyone is looking for that one coin that will turn you into a multimillionaire overnight (including myself). :)
And that's the entire game.

However, if I look at your 1K spread then, honestly it doesn't look very bad. It's perhaps a good long term hold rather than short term dreams.
If I was you, I would buy it and forget it for a year.

I have all of them except for DOT. I thought I was too late to get in at $20 but it just keeps going up.
For me, it was between LINK and DOT. I went for LINK and picked a few when they are at about the same price.

I am waiting by the end of March where some speculators say a dip of 20% may occur (I personally think it may happen before that), and may be I will pick some DOT.
 
For 1k having such a big BTC and ETH % may be decent to protect your capital, but its not going to make moves as many of the other Alts will ( potentially).

From experience, its almost impossible to time a "dip" in crypto. 9/10 times the price moves are so severe that you can get burnt either by missing out or by buying an ariticial dip before the real one happens.

Theres some good YouTubers Benjamin Cowen and JRNY Crypto. Both decent. JRNY has a 1k to 10k challenge which is good to follow.
 
[MENTION=45836]Ashraful_Rox[/MENTION] [MENTION=139649]WhenSultansBowled[/MENTION] [MENTION=151861]Colorblind Genius[/MENTION]

In the current market, what sort of % dip do you tend to look for to buy in / is safe ? BTC is not too far away from another all time high again.

In the instance you do buy in during this period, when do you anticipate another peak and potentially another correction ?

Am looking to put about 1k in and spread it against the following with the following asset allocation:

- BTC 70%
- ETH 10%
- ADA 10%
- DOT 10%

Just wondering about the timing of when I do it, also; what are your thoughts on this sort of portfolio and any suggestions ? I don't mind holding long term, as I'd always invest what I don't need.

Another question for you knowledgeable fellas, I have been checking out both Binance and Coinbase;

Binance has a decent variety of coins which is nice compared to Coinbase, on Coinbase itself what other coins do you like ?

But a big concern for me recently is that, via the app I bought some ETH when the price was roughly £1314 but my order was executed at £1318 ! surely this shouldn't be the case?

Am also big on learning more and as someone who invests often in shares/stock I use the Simply Wall St App, is there a similar learning resource for Crypto ?

Thanks guys

[MENTION=51465]DeadlyVenom[/MENTION] has recommended good Youtubers. You can also check out Reddit's r/cryptocurrency.

As a newbie just get yourself into crypto world without any kind of hurry, anxiety, greed or fear.

Just watch, learn and adapt your strategy slowly and steadily.

And remember, you might be "late" in BTC but you are a pioneer in Cryptocurrency investing. So, shiny and prosperous returns await you brother.

Always.do.your.own.research!
 
Will Bitcoin Crash? Not Below $48K, Blockchain Data Suggests

Blockchain data might give traders comfort that prices aren't likely to revisit the end-of-2020 level anytime soon.

Bitcoin has often traded like a risky asset over the past few weeks – selling off along with U.S. stocks as bond yields rose, typically in response to nagging worries the Federal Reserve might step in to tighten monetary policy sooner than previously signaled.

But a new analysis of data extracted from the Bitcoin blockchain suggests the risk of a steep sell-off might be capped on the downside by buyers who appear to enter the market whenever prices fall to about $48,000.

There are no signs that such a sell-off is brewing, with bitcoin’s price rising Wednesday for a sixth straight day to a two-week high around $57,000. But the new analysis, by the South Korean blockchain-tracking firm CryptoQuant, might give traders comfort that prices aren’t likely to revisit the end-of-2020 level of around $29,000 anytime soon.

Source: https://www.coindesk.com/will-bitcoin-crash-not-below-48k.
 
How did you buy ETH? Limit or Market?
If you had it set on "Market" then the system found the best available price on the spot and filled the order for you.
If it was "Limit" then you should've purchased it at your named price + some fee, when the market price matched with your ordered price.

For Binance,
American users aren't allowed to use it. For us, we have Binance.US which still has good # of choices.

I had some changed left about a month ago, so I picked up 10K Matic and 10K HBAR when they were dirt cheap. Looks like I got a little lucky on it.

I also trade on Kucoin which has a lot of good choices.
I have a bag of Vechain sitting on Kucoin for the last 3 years that I had totally forgotten about.
I recently picked up 10K XRP on Kucoin. For me personally, this should be my top performer for a short term gain. If they win the case and price goes up to $5. I will sell it all.

And if you look at my previous posts, I missed out on IOST, so it's on my radar when the next market correction happens.
ENJ was also another one that I was eyeing on but it slipped and mooned before I could make the move.

So far as the future speculation goes, obviously you know it's almost impossible to predict anything.
I have rather noticed that most of predicted stuff in crypto is proven wrong.

So, everyone must do their own research and make their own final decision.


The challenge is, almost everyone is looking for that one coin that will turn you into a multimillionaire overnight (including myself). :)
And that's the entire game.

However, if I look at your 1K spread then, honestly it doesn't look very bad. It's perhaps a good long term hold rather than short term dreams.
If I was you, I would buy it and forget it for a year.

I have all of them except for DOT. I thought I was too late to get in at $20 but it just keeps going up.
For me, it was between LINK and DOT. I went for LINK and picked a few when they are at about the same price.

I am waiting by the end of March where some speculators say a dip of 20% may occur (I personally think it may happen before that), and may be I will pick some DOT.


I have a normal coin base account, I didn't get the option to select either limit or market; it just gives the option to buy the BTC and how much I would like to put in basically; is that normal ? in contrast I looked online and on coin base pro account you get the option to pick limit or market order, but that is odd I would have thought.

Do you always look for corrections / dips ? among all your investments which coin would you favour long term.

Very well said about looking for that one coin, I would absolutely love a crypto based ETF that would be a game changer lol
 
For 1k having such a big BTC and ETH % may be decent to protect your capital, but its not going to make moves as many of the other Alts will ( potentially).

From experience, its almost impossible to time a "dip" in crypto. 9/10 times the price moves are so severe that you can get burnt either by missing out or by buying an ariticial dip before the real one happens.

Theres some good YouTubers Benjamin Cowen and JRNY Crypto. Both decent. JRNY has a 1k to 10k challenge which is good to follow.

@<a href="http://www.pakpassion.net/ppforum/member.php?u=51465" target="_blank">DeadlyVenom</a> has recommended good Youtubers. You can also check out Reddit's r/cryptocurrency.

As a newbie just get yourself into crypto world without any kind of hurry, anxiety, greed or fear.

Just watch, learn and adapt your strategy slowly and steadily.

And remember, you might be "late" in BTC but you are a pioneer in Cryptocurrency investing. So, shiny and prosperous returns await you brother.

Always.do.your.own.research!

Thanks guys, I came across this fella to; what do you make of his channel, you probably would be familiar am guessing:


Also, as a new starter; I've read some stuff on needing a wallet for your coins, do you all have one or trust the likes of coinbase and binance to hold your investments ?
 
For 1k having such a big BTC and ETH % may be decent to protect your capital, but its not going to make moves as many of the other Alts will ( potentially).

From experience, its almost impossible to time a "dip" in crypto. 9/10 times the price moves are so severe that you can get burnt either by missing out or by buying an ariticial dip before the real one happens.

Theres some good YouTubers Benjamin Cowen and JRNY Crypto. Both decent. JRNY has a 1k to 10k challenge which is good to follow.

Which Alts do you have in your portfolio or have an eye on ?
 
I have a normal coin base account, I didn't get the option to select either limit or market; it just gives the option to buy the BTC and how much I would like to put in basically; is that normal ? in contrast I looked online and on coin base pro account you get the option to pick limit or market order, but that is odd I would have thought.

Do you always look for corrections / dips ? among all your investments which coin would you favour long term.

Very well said about looking for that one coin, I would absolutely love a crypto based ETF that would be a game changer lol

Yes, usually it’s good to buy in dips. I doubt if I had ever bought a crypto at its peak except for two. And I got badly smacked both times.

But I dunno where the world is going, man. It’s just absolutely crazy!

Would you pay $1.2 million for this cryptopunk digital image?



https://www.playtoearn.online/2021/02/18/cryptopunks-nft-sold-for-1-2-million/

Beeple’s “Everyday-The first 5000 days.”
Just a freaking jpeg file on blockchain sells for $69 million




https://www.nytimes.com/2021/03/11/arts/design/nft-auction-christies-beeple.html

I don’t even know what the heck’s going on?
Perhaps it’s the beginning of unthinkable.
Fiat or paper currency will have no value? It’s going to be either tangible assets or digital currency/assets?

Perhaps this is how we are going to fight back against unlimited printing of paper currency?
It’s somewhat scary when I think of stepping into the digital world on such a a large scale.
How are we even going to generate so much electricity?
Bitcoin alone uses more electricity then the entire country of Argentina.
 
Bitcoin surges past $60,000 for first time

Cryptocurrency Bitcoin has risen for the first time above $60,000 (£43,100), continuing its record-breaking run.

Bitcoin - which has more than tripled in value since the end of last year - has been powered on by well-known companies adopting it as a method of payment.

But some analysts said this latest surge came in part due to the huge US stimulus package approved this week.

Bitcoin's total market value last month exceeded $1tn.

However, Bitcoin has a track record of wild price swings and has fallen sharply a number of times since it was created in 2009.

The recent spikes have been fuelled by big companies.

In February, Elon Musk revealed that his electric carmaker Tesla had bought $1.5bn worth of Bitcoin and would be accepting it as payment for its cars in future.

Mastercard also plans to accept certain cryptocurrencies as a form of payment while BlackRock, the world's largest asset manager, is exploring ways it can use the digital currency.

The Covid-19 pandemic has also played its part in Bitcoin's price rise, as more people go online for shopping, moving further away from physical coins and notes.

Critics argue Bitcoin is less of a currency and more of a speculative trading tool that is open to market manipulation.

There is also concern over its environmental impact, with huge amounts of energy needed to conduct transactions.

https://www.bbc.com/news/business-56390409
 
Which Alts do you have in your portfolio or have an eye on ?

I've trimmed it significantly, mines on reflection actually isn't too dissimilar to yours in terms of coins but its more heavily weight to
BTC around 50%
ADA 30%
A combination of DOT LINK ETH 20%.

I've also bought a few high risk coins on pancake swap. These can go boom or bust ( mainly sideways for me so far) but if you catch the right one you can make massive gains in no time. For these coins I mainly only put around 200£ each.
 
Yes, usually it’s good to buy in dips. I doubt if I had ever bought a crypto at its peak except for two. And I got badly smacked both times.

But I dunno where the world is going, man. It’s just absolutely crazy!

Would you pay $1.2 million for this cryptopunk digital image?



https://www.playtoearn.online/2021/02/18/cryptopunks-nft-sold-for-1-2-million/

Beeple’s “Everyday-The first 5000 days.”
Just a freaking jpeg file on blockchain sells for $69 million




https://www.nytimes.com/2021/03/11/arts/design/nft-auction-christies-beeple.html

I don’t even know what the heck’s going on?
Perhaps it’s the beginning of unthinkable.
Fiat or paper currency will have no value? It’s going to be either tangible assets or digital currency/assets?

Perhaps this is how we are going to fight back against unlimited printing of paper currency?
It’s somewhat scary when I think of stepping into the digital world on such a a large scale.
How are we even going to generate so much electricity?
Bitcoin alone uses more electricity then the entire country of Argentina.

The market is crazy at the moment, but a number of sources seem to be optimistic regarding BTC and ETH in the future even based on the current prices. I have thought of a strategy, if there is an x amount I want to put in, put in 50% off that amount and keep the rest for a dip between 5-10% and then DCA. And if the investment gains 50%, take about 20% off the profits and if it gains 100% take about 40% , then put the profits in stablecoin and potentially reinvest.

1.2 mill for that! nuts!

The electricity aspect is a concern but major question will be if the electricity comes from clean sources ? if it is mostly solar, wind etc it could be manageable potentially
 
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