Bitcoin, Crypto and Stocks |
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Zinedine Kilbane 110
Jack Charlton Man City records obsession Joined: 20 Mar 2012 Location: Dundalk Status: Offline Points: 9647 |
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Sleepy Joe wants to increase capital gains tax from 20% to 43% so all the markets are down a lot in the last 24 hours. If your are bullish on crypto, as Bob says don’t sell. Now is the best time to keep adding small amounts on a weekly/monthly basis. There is still the overall concern we are at the peak bubble across all sectors and a correction (a massive one) is due soon. Michael Burry who predicted the 07 crash has written loads about the pending inflation crash. He is long ketchup! I do think it’s coming soon so I’ve closed out of some positions and holding cash. |
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ShamtheRam
Paul McGrath Joined: 05 Apr 2009 Location: Ireland Status: Offline Points: 18131 |
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Christ some drop overnight. Bitcoin Gold is the only crypto showing as a gainer on Coinbase and its up 57%? Thats mad
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YBIG NPF founder and CEO
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Shedite
Jack Charlton Joined: 09 Dec 2011 Status: Offline Points: 9816 |
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Zinedine Kilbane 110
Jack Charlton Man City records obsession Joined: 20 Mar 2012 Location: Dundalk Status: Offline Points: 9647 |
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I know it’s bulls1te but these are the ones you should be in for the short term. There is a load of American kids who became millionaires as dogcoin went up 1000X in 6 months. It probably took Bitcoin 10 years to go 1000X but some of these new coins are going ballistic in weeks.
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Bob Hoskins
Moderator Group Joined: 29 Jul 2007 Status: Offline Points: 20175 |
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As ZK says some of those coins could get you a great return but be in it for the quick buck. Buy and sell quickly. There is no long term value in loads of these so you're gambling. I don't bother with them myself.
Longterm it's Bitcoin. The other alt coins that have performed well against Bitcoin over the past few years are Ethereum, Chainlink and Cardano. You will not go poor sticking to these coins.
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Romario 2016: And the ticket mafia gets caught! Well, four years ago I had already told the government.
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Zinedine Kilbane 110
Jack Charlton Man City records obsession Joined: 20 Mar 2012 Location: Dundalk Status: Offline Points: 9647 |
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Where do you store your Bitcoin? There are places that give you interest/ rewards on your long positions. Anybody use any of these? I’ve been looking at Swissborg as they give rewards on Ether long positions and are looking to do the same for BTC.
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Bob Hoskins
Moderator Group Joined: 29 Jul 2007 Status: Offline Points: 20175 |
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Store it safely in a Nano Ledger.
We have looked into and have put some into Blockfi - best interest at 6% on your 1st bitcoin it drops after that. Celsius is another which has better Ethereum rates. I have been very wary but it seems a lot of the others in my Telegram group use both and trust them, one even has said that his best friend works in the cyber security for Blockfi and swears it's outstandingly safe, which is good enough for me to use it. Celsius have huge interest rates 18% or something like that with a minimum entrance of USD25k - but I think you need to buy their Celsius coin to avail of those prices. I find it hard to get good info from their website though. I don't think I would put all my holdings into the one site or even two or three, I'll keep some stashed in the Nano Ledger. Haven't heard of Swissborg myself but post up any info you have if you use them
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Romario 2016: And the ticket mafia gets caught! Well, four years ago I had already told the government.
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Zinedine Kilbane 110
Jack Charlton Man City records obsession Joined: 20 Mar 2012 Location: Dundalk Status: Offline Points: 9647 |
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Swissborg give you 6% but if you buy a certain amount of their Swissborg tokens they will give you up to 18%. From some research Blockfi looks the safest option to earn interest. As with all crypto, you have to trust the custodian as there is no guarantee over your funds. Elon Musk is hosting SNL next weekend, if he mentions crypto or dogcoin I reckon it will fly. Dogcoin may get to a dollar next weekend. If you like leverage, Binance is your man. They have crypto futures and options available.
Edited by Zinedine Kilbane 110 - 09 May 2021 at 8:33am |
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cildaratown
Liam Brady killdare town Joined: 11 Mar 2016 Status: Offline Points: 1390 |
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what are your thoughts on XRP? Worth getting into or no?
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Zinedine Kilbane 110
Jack Charlton Man City records obsession Joined: 20 Mar 2012 Location: Dundalk Status: Offline Points: 9647 |
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The court case with the SEC seems to be going in their favour and they are getting a lot of publicity. They are up about 400% over the last 6 months which is similar to Cardano which has no legal issues. Basically all crypto has been on a huge run over the last year. The dog is up 1000X in 6 months. It’s depends what your strategy is. If you want to invest just buy Bitcoin or Ether and forget about it for years. If you want to double your money in a week then you need to be looking at the ones around a $.1 to $1 but you need to monitor it closely as they can rise and fall quickly. |
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Zinedine Kilbane 110
Jack Charlton Man City records obsession Joined: 20 Mar 2012 Location: Dundalk Status: Offline Points: 9647 |
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Elon Musk is host SNL tonight.
He likes crypto and fan of dog coin. Many are betting on him mentioning it tonight. This is the world we live in now.
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cildaratown
Liam Brady killdare town Joined: 11 Mar 2016 Status: Offline Points: 1390 |
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Got some SHIB and up nicely today. Any you’d recommend taking a look at?
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Zinedine Kilbane 110
Jack Charlton Man City records obsession Joined: 20 Mar 2012 Location: Dundalk Status: Offline Points: 9647 |
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CNNS is gaining a lot of momentum.
I don’t understand all the coins but there is serious momentum behind some of them. I just try to get in and out quick. When I heard Elon was doing SNL I threw a few K on dogcoin so that’s been paying for all my other bets. But I feel the music has to stop soon, these returns are not normal. Edited by Zinedine Kilbane 110 - 08 May 2021 at 11:22pm |
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colemanY2K
Roy Keane Fresh minty breath Joined: 01 Mar 2010 Location: London Status: Offline Points: 14959 |
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of course it will, just don't be the guy holding all the tulips when it does.
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"One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942.
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Shedite
Jack Charlton Joined: 09 Dec 2011 Status: Offline Points: 9816 |
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Zinedine Kilbane 110
Jack Charlton Man City records obsession Joined: 20 Mar 2012 Location: Dundalk Status: Offline Points: 9647 |
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I had some DOT but I’ve closed out of a few positions as I want to be able to liquidate quickly. With some of the money I made on dog I’ve thrown into some BS ones to see what happens. 1 Million SHIB will cost you about €20 now. Cumrocket and the like is a pure scam as you get taxed every time you buy or sell and part of that goes to the existing long holders buy I’ll see what happens with a small bet. There is a new one called Donald Pump that went live recently. Same idea, tax for every buy and sell, so the longer you hold the more you earn but you don’t want to be the only one holding at the end. The more I read up on this the further down the rabbit hole I go. There is a massive world under the main cryptos about farming , staking, gas fees on tokens etc. |
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nvidic
Moderator Group Joined: 03 Aug 2010 Status: Offline Points: 18980 |
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Is it not all just a massive ponzi scheme? Certainly sounds like it from that description.
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colemanY2K
Roy Keane Fresh minty breath Joined: 01 Mar 2010 Location: London Status: Offline Points: 14959 |
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The modern version of fools gold. Everybody on this thread who has invested in this stuff should be prepared to lose everything.
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"One of the dominant facts in English life during the past three quarters of a century has been the decay of ability in the ruling class." Orwell, 1942.
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