Takes some to do that, but if you gamble on losing a few and monitor it to see if the tail of the dog is up (or else pull out) then smart move. Up another 30% today. And here's me having to sweat a few pounds each day on intraday trades on oilers instead!Laughed at my mate when he put 40k into dogecoin at 4 pence a pop
Today he cashed out at 42 pence a pop
Bet he's having a Chinese tonight
Dogecoin might still rise further this week ..old Elon musk is going on Saturday night live this week and most people think he will discuss dogecoin ...hence the rise these last few daysTakes some to do that, but if you gamble on losing a few and monitor it to see if the tail of the dog is up (or else pull out) then smart move. Up another 30% today. And here's me having to sweat a few pounds each day on intraday trades on oilers instead!
Yes, I know that that's the talk at the mo (with the likes of real vision even saying it might overtake bitcoin given the tech that's to come online), and I did put a few shekels in the other day but unless does a doge, which is very unlikely then it's probably hardly worth my while. I veer from believing the story about cryto (I mean, value of private cryto vs the technology) to feeling that the tide will turn against it.
My mate put 37k into etherium today from his doge return .Yes, I know that that's the talk at the mo (with the likes of real vision even saying it might overtake bitcoin given the tech that's to come online), and I did put a few shekels in the other day but unless does a doge, which is very unlikely then it's probably hardly worth my while. I veer from believing the story about cryto (I mean, value of private cryto vs the technology) to feeling that the tide will turn against it.
If you know nothing about crypto why did you pick Doge?I picked up a chunk of Doge yesterday, in just over 24 hours, I'm up 40% currently. I know nothing about crypto or how it works, I just think it's far riskier to not be in it currently. It's literally making kids millionaires. Just looking back at the charts, If I invested into Doge what I did Shell (RDSB), on the same day, I'd be a multi millionaire today.
My next few months investing will be strictly crypto.
Register to etoro, deposit money, click on dogecoin trade, buy some. That's it, couldn't be easier.Okay fellers help me out. I know about etoro but how to you buy dogecoin? What does a total no nothing beginner need to know about crypto investment?
It looks like you have to deposit at least $1000, is that correct?Register to etoro, deposit money, click on dogecoin trade, buy some. That's it, couldn't be easier.
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Unless you are deep into crypto in terms of what's coming up on the rails and precisely why a particular coin is of value*, all you need to know is that you might make a fair chunk if you put in a fair chunk, but due the volatility it's the case of the winner takes it all, the winner being the one who blinks first.
The current bet on Ethereum classic (not the standard Ethereum) is it's supposed superior tech base compared to bitcoin, with further improvements planned. The emerging hype is bitcoin is dead, long live Emperor Ethereum (classic).
It looks like you have to deposit at least $1000, is that correct?
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Not too sure it's like Beanie Babies though? No expert in them but looks like some still go for decent money on eBay to the right buyers. A Charity shop isn't going to give you that.I'm not touching any crypto currency... not even with your bargepole. Just be careful guys and don't put any more in than you'd be happy to lose. It all looks like the typical bubble to me: those that buy early and sell in time will make loads. Everyone else will lose.
A related anecdote. My mother-in-law was a sucker for all this kind of stuff - her poison was toys kept in her loft in their box. When she died 5 years ago we just put it all in our loft. As we're moving soon we're getting rid.
She had well over 100 beanie babies - probably over 200. They are worth nothing. We took the lot to two charity shops yesterday and both rejected them. They'll go into landfill I guess. Remember that people were going mad for these with really fancy prices for 'rare' ones in the 90s.
She also had boxes and boxes of china - almost all worthless (but at least the charity shops will take that). About the only thing we've found worth more than £10 or so is a Prince William limited edition teddy bear. And God knows what she paid for it.
There's a saying in the City: the time to sell is when your taxi driver tells you what a great investment it is. That's because it's reached saturation at that point and the bubble is about to burst.
Yeah but that's because it wasn't your hobbie, it isn't mine either but I bet the mother in law knew about them all. Same as people who collect football kits etc.Great news on the beanie babies: the postie has kids and just took one boxful.
Nick, I can't be arsed looking through hundreds of beanie babies looking for maybe one I can sell. I looked through 'completed items' and saw page after page of past auctions trying to sell one for £1 which hadn't received bids. I wasn't expecting a charity shop to give me anything - they don't want them even when they are free.
No, it's not identical to crypto, because you can exchange crypto directly for cash, whereas you always had to sell a beanie babe to get the cash.
The world seems to be taking crypto very seriously - Sunak has even started a committee looking at the UK having its own. I think it's all arse. But even if I didn't, I wouldn't be speculating on something so hyped-up.
Old shirts still on ebay if anyone wants one. I've got an 89 Peugeot blue and white striped one somewhere but cannot find. When I do, that'll go up too.
I always sell my AIM shares too soon. Was in right at the beginning of Boohoo but sold once I'd made 50% or so. My current buy and hold (and don't sell) is a couple of robotics Exchange Traded Funds... those have some real potential and there's real companies behind them that will be making huge profits as the technology is embraced. Not like the vapour behind crypto. Slowly, slowly - I agree. Invest don't speculate.There are some very powerful narratives from the large holders around particular cryptos, and which I admit to finding very compelling, but not enough to make me fear missing out. I think that's because I've been around the AIM casino for enough time to learn that slowly slowly is the way to build profits, to accept profits when they come gladly and to never sweat over having sold something that's gone to the moon.
Having said that, when the bubble breaks in bitcoin etc, I may well look to ride the dead cat bounce. In, out, shake it all about.