Dogecoin (6 Viewers)

jimmyhillsfanclub · May 5, 2021

mrtrench said:
I know. Still ain't tempted.

Fair play. I certainly wouldn't be putting £40K into dodge coin like Evo1883s mate......he's either got balls of steel or more money than sense....

The only reason I'd invest in dodgecoin is so I could actually say "its time to get the fuck out of dodge" when I sold.

I've only got relatively small punts still riding on some minor cryptos......IOTA is still my pick as far the technology side of things goes.....I think.

I've taken my eye off it to be honest......but if IOTA, XLM or EOS ever take off....I'll be rolling in it.

Marty · May 5, 2021

Plenty of space in a well diversified portfolio for something high risk like crypto, every chance it goes back to being worthless, but I think the risks are greater for not getting involved and having a punt.

Re: the mother in law, if she decided to buy something like Pokémon cards, you'd be sitting on an absolute fortune now.

mrtrench · May 5, 2021

Marty said:
Plenty of space in a well diversified portfolio for something high risk like crypto, every chance it goes back to being worthless, but I think the risks are greater for not getting involved and having a punt.

Re: the mother in law, if she decided to buy something like Pokémon cards, you'd be sitting on an absolute fortune now.

Sadly, she played with all her Pokémon cards so they're no longer pristine.

Deleted member 4439 · May 5, 2021

Marty said:
Plenty of space in a well diversified portfolio for something high risk like crypto, every chance it goes back to being worthless, but I think the risks are greater for not getting involved and having a punt.

On that basis, I assume you have some bullion as well.

ccfctommy · May 5, 2021

Nick said:
I chucked £150 onto various a month or so back and it's up to £210 at the minute.

Didn't get any Doge though.

What are you using to purchase? Etoro?

Nick · May 5, 2021

ccfctommy said:
What are you using to purchase? Etoro?

Nah, Binance.

Deleted member 4439 · May 5, 2021

For crypto specifically, I think Coinbase might be worth exploring as it has wider exposure than etoro, and could allow you to get in early into any up and coming hype. Unfortunately I don't have any of the photo ID required to get verified (which includes my expired passport - coinbase checked the date, whereas etoro didn't/ignored it, heh).

Evo1883 · May 5, 2021

Turns out he sold a day early , it reached 48 p today so missed out on a bit of money

Grendel · May 5, 2021

mrtrench said:
Sadly, she played with all her Pokémon cards so they're no longer pristine.

Shame the force wasn’t with her

Star Wars toys found in bin bags auctioned for £400k

A British couple have thanked their lucky stars after a garage full of bin bags they inherited from a neighbour who died, yielded a trove of Star Wars toys worth £400,000 (€443,000).

www.google.co.uk

Deleted member 5849 · May 6, 2021

jimmyhillsfanclub said:
I certainly wouldn't be putting £40K into dodge coin like Evo1883s mate......he's either got balls of steel or more money than sense....

I was always taught only invest what you can afford to lose.

Sadly for me... that's fuck all

TM8792 · May 6, 2021

Evo1883 said:
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

Bloody hell.

Although I’m assuming if you’ve got a spare £40k to throw into doge, a literal meme coin, then money isn’t much of a worry to you.

I’ve been holding xrp for years, up about 800% on my initial investment at current prices.

hill83 · May 6, 2021

dubed said:
For crypto specifically, I think Coinbase might be worth exploring as it has wider exposure than etoro, and could allow you to get in early into any up and coming hype. Unfortunately I don't have any of the photo ID required to get verified (which includes my expired passport - coinbase checked the date, whereas etoro didn't/ignored it, heh).

I use Coinbase. Reviews aren’t great but been ok for me.

TM8792 · May 6, 2021

Coinbase is by far the easiest to use and has the most friendly interface for beginners.

mrtrench · May 6, 2021

The Bank of England agrees with me:

Bank of England's Bailey on crypto: 'Be prepared to lose all your money' (yahoo.com)

Deleted member 4439 · May 6, 2021

Gold starting to move again. Whether it goes to the moon is another matter

Sbarcher · May 6, 2021

dubed said:
For crypto specifically, I think Coinbase might be worth exploring as it has wider exposure than etoro, and could allow you to get in early into any up and coming hype. Unfortunately I don't have any of the photo ID required to get verified (which includes my expired passport - coinbase checked the date, whereas etoro didn't/ignored it, heh).

Having quite a game to get verified on Coinbase. I moved last year and didn't update my driver licence so my bank details address does not align with the address on my licence.Only facial ID verification can be used. Same with my passport - grrrrrr.

clint van damme · May 6, 2021

mrtrench said:
The Bank of England agrees with me:

Bank of England's Bailey on crypto: 'Be prepared to lose all your money' (yahoo.com)

So why are they looking at launching one?

Marty · May 6, 2021

mrtrench said:
The Bank of England agrees with me:

Bank of England's Bailey on crypto: 'Be prepared to lose all your money' (yahoo.com)

Lies, classic tree shaking tactics, he wants to get in on the cheap before papa Elon takes us to the moon.

Marty · May 6, 2021

Deleted member 4439 · May 6, 2021

mrtrench said:
The Bank of England agrees with me:

Bank of England's Bailey on crypto: 'Be prepared to lose all your money' (yahoo.com)

In my, very possibly crude and muddled thinking:

Crytos can be objectively valued by the fiat money price of the goods and services a unit can command. This is the intrinsic value of the instrument.

Fiat money can be objectively valued by the fiat money price of the goods and services a unit can command. This is the intrinsic value of the instrument.

Just that one is more volatile than the other.

No idea, haven't read around, just musing.

mrtrench · May 6, 2021

clint van damme said:
So why are they looking at launching one?

I think it's Sunak pushing that - he's a politician. As you know, I think they are arse.

mrtrench · May 6, 2021

dubed said:
In my, very possibly crude and muddled thinking:

Crytos can be objectively valued by the fiat money price of the goods and services a unit can command. This is the intrinsic value of the instrument.

Fiat money can be objectively valued by the fiat money price of the goods and services a unit can command. This is the intrinsic value of the instrument.

Just that one is more volatile than the other.

No idea, haven't read around, just musing.

Hmmm... I'm by no means an expert on this. I worked in banking but building IT systems, so probably on the same level as you with questions such as this.

However, in my opinion, fiat money has no intrinsic value at all, unless it is guaranteed by something that people trust. So GBP has value because we trust the Bank of England. The only thing that's keeping crypto alive is that we believe that it is in a predefined limited supply and that it is exchangeable for goods. And it's volatile because there is no 'gilt-edged' guarantor in the background and it's become trendy. And also...

The fx rate on both boils down to supply and demand. GBP supply is variable and so is demand. Whilst the BoE has no explicit mandate to keep the value (fx rate) in a set range, it has an implicit mandate to do so - because it must keep inflation within set bounds (and the fx rate moving around in a volatile manner would cause inflation to do the same - not a responsible way to run an economy).

But with crypto, there is no variable supply and there is no body with a mandate to control the fx rate or inflation. It's not linked to any economy and hence there is not even a desire to see the volatility controlled. And as there is no economy to protect behind it, it's built on sand. Only the people who speculated lose out if it disappeared tomorrow. And they (hopefully) realised that this could happen at any time.

EDIT: It's really not that different to beanie babies.

jordan210 · May 6, 2021

Anyone got a coinbase referral ?

hill83 · May 6, 2021

jordan210 said:
Anyone got a coinbase referral ?

messaged you mate

shmmeee · May 7, 2021

What in the blue hell is this?

https://cumrocketcrypto.com/

Deleted member 4439 · May 7, 2021

shmmeee said:
What in the blue hell is this?

If it's going the moon, I'm in.

Nick · May 7, 2021

shmmeee said:
What in the blue hell is this?

https://cumrocketcrypto.com/

Saw that the other day but it's one of those that's effort to buy.

Marty · May 7, 2021

shmmeee said:
What in the blue hell is this?

https://cumrocketcrypto.com/

Wtf have you been looking at

mrtrench · May 7, 2021

Marty said:
Wtf have you been looking at

Or indeed "for" if that's what Google brings back?

Alexa, how can I tip Trixie without using my credit card?

ccfcricoh · May 7, 2021

i got into cryptocurrency back in November which it turns out was just in time, with the 3 i picked (after a couple of hours Googling!) two up over 500% and one over 1300%.

Its so volatile its not for the feint hearted, can easily lose 50% in a day but then the gains can match it too! Some are more short term and some long term.

I bought some Doge once it started trending on Twitter and thats also up a bit now, Elon Musk is presenting Saturday Night Live in the US tomorrow, and is expected/could make comment about DOGE, and we all know what happens when he mentions something, the question is whether this is already factored into the price!

So it may not be too late to get involved.

The other one still with potential is XRP Ripple. They are currently at court with the SEC but are expecting to win their case and if they do that could boost their price.

All fun and games, but its definitely a gamble!

One good thing about Etoro is you can also "copy" other investors who trade on all sorts of markets, so effectively its a free financial advisor, thats where my "long" term money is sat.

shmmeee · May 7, 2021

Marty said:
Wtf have you been looking at

Unless you’ve got a warrant I don’t have to answer that question.

Sbarcher · May 7, 2021

ccfcricoh said:
i got into cryptocurrency back in November which it turns out was just in time, with the 3 i picked (after a couple of hours Googling!) two up over 500% and one over 1300%.

Its so volatile its not for the feint hearted, can easily lose 50% in a day but then the gains can match it too! Some are more short term and some long term.

I bought some Doge once it started trending on Twitter and thats also up a bit now, Elon Musk is presenting Saturday Night Live in the US tomorrow, and is expected/could make comment about DOGE, and we all know what happens when he mentions something, the question is whether this is already factored into the price!

So it may not be too late to get involved.

The other one still with potential is XRP Ripple. They are currently at court with the SEC but are expecting to win their case and if they do that could boost their price.

All fun and games, but its definitely a gamble!

One good thing about Etoro is you can also "copy" other investors who trade on all sorts of markets, so effectively its a free financial advisor, thats where my "long" term money is sat.

How easy is it to get your money out when selling? Seen some stuff which suggests it's a bit of a job.

ccfcricoh · May 7, 2021

Sbarcher said:
How easy is it to get your money out when selling? Seen some stuff which suggests it's a bit of a job.

Havent got that far yet, currently just left it all in there. that will be just my luck i cant get it out!!!

Think there is a small admin fee and it can take a week or so to get your money by reading the FAQs though.

Deleted member 4439 · May 7, 2021

What a frustrating afternoon. For a week now I've been waiting for a year long savings investment to mature, with the intention of putting it into gold. All week, gold has been around £1272-88. Come today, when the money was available, the poor payroll figures had bumped it up to £1313. Typical says I, but go to buy.

Not a total surprise but the card was declined as a fraud prevention measure. I spent what seemed an absolute eternity on the phone to Lloyds to get the transaction cleared - I mean an eternity.

Despite this the card still wasn't being verified. I then found out I could a bank transfer instead. Meanwhile gold is now £1318, but ordered placed.

Go through all of the online login malarkey with the banks, complete all of the transaction details, asked to confirm with my password. A big red banner comes up (still in my Lloyds account) saying something along the lines of " are you sure you want to do this?", I click yes, and it says "we need to ring you to confirm" (automated call), go through that, fucking done after an hour.

Get a confirmation back from the bullion dealers saying they've received the funds but as it's over a certain amount they'll need either a passport or driving licence photographic ID.

I don't have either.

No wonder an independent crypto is the future.

clint van damme · May 7, 2021

dubed said:
What a frustrating afternoon. For a week now I'm been waiting for a year long savings investment to mature, with the intention of putting it into gold. All week, gold has been around £1272-88. Come today, when the money was available, the poor payroll figures had bumped it up to £1313. Typical says I, but go to buy.

Not a total surprise but the card was declined as a fraud prevention measure. I spent what seemed an absolute eternity on the phone to Lloyds to get the transaction cleared - I mean an eternity.

Despite this the card still wasn't being verified. I then found out I could a bank transfer instead. Meanwhile gold is now £3118, but ordered placed.

Go through all of the online login malarkey with the banks, complete all of the transaction details, asked to confirm with my password. A big red banner comes up (still in my Lloyds account) saying something along the lines of " are you sure you want to do this?", I click yes, and it says "we need to ring you to confirm" (automated call), go through that, fucking done after an hour.

Get a confirmation back from the bullion dealers saying they've received the funds but as it's over a certain amount they'll need either a passport or driving licence photographic ID.

I don't have either.

No wonder an independent crypto is the future.

The gold prices youre giving are per what? Ounce?

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