| Crypto 15:15 - Nov 19 with 2947 views | J2BLUE |
Anyone got any hot tips?
I know it's a casino and my money has a 95%+ chance of going to zero but I would like to gamble on a few random dirt cheap coins with potential. Only a small amount of money so losing it wouldn't be a big deal. |  |
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| Crypto on 15:25 - Nov 19 with 2899 views | RobTheMonk |
I've got a few ai buns in the oven:
Arc and LNQ
I got into both very cheap, so do your own research on any projects before jumping in and only invest a very small amount of your networth unless you're a degen. |  | | |
| Crypto on 15:28 - Nov 19 with 2874 views | Illinoisblue |
Random thought: wasn’t Wes Burns promoting some monkey NFT nonsense on Twitter a while back? |  |
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| Crypto on 15:29 - Nov 19 with 2855 views | J2BLUE |
| Crypto on 15:25 - Nov 19 by RobTheMonk |
I've got a few ai buns in the oven:
Arc and LNQ
I got into both very cheap, so do your own research on any projects before jumping in and only invest a very small amount of your networth unless you're a degen. |
Cheers, will take a look | |
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| Crypto on 15:30 - Nov 19 with 2848 views | J2BLUE |
| Crypto on 15:28 - Nov 19 by Illinoisblue |
Random thought: wasn’t Wes Burns promoting some monkey NFT nonsense on Twitter a while back? |
I don't think I will ever understand NFTs. Most of them seem utterly pointless. | |
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| Crypto on 15:34 - Nov 19 with 2828 views | belgablue |
Most of them are nonsense. I had a few back in the day and in the end just set them all on high sells for when they got pumped (and before they got dumped). It's all converted into Bitcoin now. |  |
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| Crypto on 15:37 - Nov 19 with 2808 views | Illinoisblue |
| Crypto on 15:30 - Nov 19 by J2BLUE |
I don't think I will ever understand NFTs. Most of them seem utterly pointless. |
Same. I also struggle with crypto/bitcoin and still haven’t figured out what problem it’s trying to solve. (Other than making life easier for money launderers and other scammers). | |
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| Crypto on 15:58 - Nov 19 with 2729 views | DanTheMan |
| Crypto on 15:37 - Nov 19 by Illinoisblue |
Same. I also struggle with crypto/bitcoin and still haven’t figured out what problem it’s trying to solve. (Other than making life easier for money launderers and other scammers). |
It's not trying to solve anything in 99.9% of cases, it's usually gambling where the winners are influencers to pump and dump.
I've yet to see any of them solve real world issues that couldn't have been done without blockchain being involved. |  |
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| Crypto on 16:04 - Nov 19 with 2672 views | Radlett_blue |
You might as well ask Rommie for a few hot tips. |  |
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| Crypto on 17:13 - Nov 19 with 2538 views | nodge_blue |
| Crypto on 15:25 - Nov 19 by RobTheMonk |
I've got a few ai buns in the oven:
Arc and LNQ
I got into both very cheap, so do your own research on any projects before jumping in and only invest a very small amount of your networth unless you're a degen. |
What research. Theres barely a use case for bitcoin let alone all the rest. Its a pyramid scheme.
But one you can make money from. [Post edited 19 Nov 2024 17:15]
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| Crypto on 18:14 - Nov 19 with 2445 views | RobTheMonk |
| Crypto on 17:13 - Nov 19 by nodge_blue |
What research. Theres barely a use case for bitcoin let alone all the rest. Its a pyramid scheme.
But one you can make money from. [Post edited 19 Nov 2024 17:15]
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I research anything I invest into. Crypto is a small, small percentage of what I have invested. High risk, high reward play.
I hold one other which I won't name as it tanked bad. Still a chance it might make a comeback, but it was an investment I made when I didn't really understand what I was doing. [Post edited 19 Nov 2024 18:14]
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| Crypto on 21:12 - Nov 19 with 2303 views | BlueBadger |
Spend you money on something more reliable. Like backing Sad Ken in the Grand National. |  |
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| Crypto on 21:26 - Nov 19 with 2290 views | DinDjarin |
Its a store of wealth pretty much and away from the tax man.
Last 12 months I have played around and wish I had put more in as have quadrupled my smallish investment. |  | | |
| Crypto on 21:32 - Nov 19 with 2271 views | Sparky85 |
I’m in XRP, ADA, PEPE, QUANT, TRX and DOGE
Have been a follower of crypto over the years and made a bit of money on Bitcoin. Could be quite an interesting few months with the next bull run starting, plus the Trump and Musk effect.
It’s a mad market, but good money can be made. |  | | |
| Crypto on 21:40 - Nov 19 with 2224 views | StokieBlue |
| Crypto on 21:26 - Nov 19 by DinDjarin |
Its a store of wealth pretty much and away from the tax man.
Last 12 months I have played around and wish I had put more in as have quadrupled my smallish investment. |
It's absolutely not away from the tax man and why would you want it to be? Are you against paying tax and helping to fund the country?
SB |  | | |
| Crypto on 00:02 - Nov 20 with 2085 views | J2BLUE |
| Crypto on 21:12 - Nov 19 by BlueBadger |
Spend you money on something more reliable. Like backing Sad Ken in the Grand National. |
I am fully expecting this to have the same result! | |
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| Crypto on 04:05 - Nov 20 with 1961 views | TractorWood |
| Crypto on 21:26 - Nov 19 by DinDjarin |
Its a store of wealth pretty much and away from the tax man.
Last 12 months I have played around and wish I had put more in as have quadrupled my smallish investment. |
Any gains are totally within the scope of CGT. Might be a way of using ones diminishing £3k annual allowance though. |  |
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| Crypto on 07:28 - Nov 20 with 1843 views | nrb1985 |
| Crypto on 21:26 - Nov 19 by DinDjarin |
Its a store of wealth pretty much and away from the tax man.
Last 12 months I have played around and wish I had put more in as have quadrupled my smallish investment. |
It's not a store of wealth given the volatility. A store of wealth is something like gold or high end real estate that has low volatility in times of trouble. Crypto is the opposite, as we saw in '22.
The only value I see is that it's a long term bet on emerging markets eventually moving away from the dollar and other centralised currencies. | | | |
| Crypto on 14:27 - Nov 20 with 1535 views | WeWereZombies |
| Crypto on 15:58 - Nov 19 by DanTheMan |
It's not trying to solve anything in 99.9% of cases, it's usually gambling where the winners are influencers to pump and dump.
I've yet to see any of them solve real world issues that couldn't have been done without blockchain being involved. |
Talking of which, this was a news item on my BBC webpage this morning:
https://www.bbc.co.uk/news/articles/cze386d3enpo
'Paul extolled the virtues of an Elon Musk-themed meme coin known as Elongate. “Elongate made me rich. Elon baby let’s go!” Paul announced in a video clip to Maverick Club, his subscription-only fan club...the price of Elongate rose by over 6,000% to an all-time high. It then remained at that price for a few hours before it crashed...cannot be sure of Logan Paul’s intentions when he released his clip...Tech journalist Will Gotsegen says crypto is a market driven to some extent by social media and influencers: “A big guy with a lot of influence... someone like Logan Paul, buys a tonne of crypto and tells their followers about it. They're going to buy it too.”' |  |
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| Crypto on 09:03 - Nov 21 with 1320 views | DanTheMan |
| Crypto on 14:27 - Nov 20 by WeWereZombies |
Talking of which, this was a news item on my BBC webpage this morning:
https://www.bbc.co.uk/news/articles/cze386d3enpo
'Paul extolled the virtues of an Elon Musk-themed meme coin known as Elongate. “Elongate made me rich. Elon baby let’s go!” Paul announced in a video clip to Maverick Club, his subscription-only fan club...the price of Elongate rose by over 6,000% to an all-time high. It then remained at that price for a few hours before it crashed...cannot be sure of Logan Paul’s intentions when he released his clip...Tech journalist Will Gotsegen says crypto is a market driven to some extent by social media and influencers: “A big guy with a lot of influence... someone like Logan Paul, buys a tonne of crypto and tells their followers about it. They're going to buy it too.”' |
Him, KSI, Mr Beast, they've all been at it for years. They'll be putting out things saying they're really bullish on something and in the background they are emptying their wallets.
It's pump and dumps but because there is so little regulation they have constantly been getting away with it. | |
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| Crypto on 09:24 - Nov 21 with 1257 views | StokieBlue |
| Crypto on 09:03 - Nov 21 by DanTheMan |
Him, KSI, Mr Beast, they've all been at it for years. They'll be putting out things saying they're really bullish on something and in the background they are emptying their wallets.
It's pump and dumps but because there is so little regulation they have constantly been getting away with it. |
Nothing beats the shilling of Musk actually calling the new US department he is going to run DOGE.
Department of Government Efficiency.
Couldn't make it up.
SB | | | |
| Crypto on 11:18 - Nov 21 with 1148 views | DinDjarin |
| Crypto on 21:40 - Nov 19 by StokieBlue |
It's absolutely not away from the tax man and why would you want it to be? Are you against paying tax and helping to fund the country?
SB |
Didnt say I was but if someone had a hefty amount in a secure wallet somewhere not sure how that cannot be passed down hence avoiding capital gains for one example. | | | |
| Crypto on 13:58 - Nov 21 with 983 views | ArnoldMoorhen |
| Crypto on 17:13 - Nov 19 by nodge_blue |
What research. Theres barely a use case for bitcoin let alone all the rest. Its a pyramid scheme.
But one you can make money from. [Post edited 19 Nov 2024 17:15]
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I made all these points (money laundering, aiding terrorism, pyramid scheme, unregulated, unclear CG Tax burden/possible prosecution, possibility of losing everything if chain or wallet hacked or corrupted, electricity demand and potential contribution to climate chaos) on here a while ago.
I said that I wouldn't invest for all the above reasons, but others would need to decide if they were willing to risk losing everything.
It was around the time Bitcoin was $800, and the debate was whether it would hit $1000, if I recall correctly.
Yeah, wish I'd bunged a couple of grand at it!
I also bought some file hosting years ago from Mega. The options for payment were PayPal or some new fangled thing called a Bitcoin wallet. It was incredibly early days.
Had I paid the $14.99 with bitcoin, and kept the 1 cent change in the wallet, it would now be a life changing sum of money.
I also once held a kids book in my hands in a bookshop and noticed an error in a list where something was mentioned twice. Harry Potter and the Philosopher's Stone in Hardback. First Edition.
Sigh... | | | |
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