[Sammy Spireite]

Anyone dabble?

What app/platform do you use?

Not looking at big amounts, but contemplating spreading a few hundred £ across a few low value currencies in the hope that one or two go major, so don't want to pay high or fixed transaction costs but want a reliable app that's safe to use.

[s42blue]

Try Onecoin….

Or tulip bulbs.


Sorry…flippant ⬆️ Do you understand crypto? Know about blockchain? Criteria for choosing your “bets”?

This post has been edited by s42blue: 27 October 2022 - 12:19 PM

[Siberian Spireite]

Crypto is a high risk asset at a time of great economic uncertainty globally, so I’ll give it a swerve. I understand what it is and of course I’d like to have bought some Bitcoin before it boomed, but I reckon the boom days may be over.

On a vaguely related note, I have done some microlending via Assetz Capital for good returns, but withdrawing is not a quick process.

This post has been edited by Siberian Spireite: 27 October 2022 - 04:06 PM

[calvin plummers socks]

Got a bit of Bitcoin - use Binance

[s42blue]

“Asset” is lose term. It’s based on nothing. It rises on….hope and ? It goes down on…? It’s a pure speculation play. There is no intrinsic value.

It’s regulated in the U.K. by? Oh..no one. Isn’t part of a compensation scheme.

I’d rather put it in my betting account.

I’m sure people will say they’ve made fortunes…most haven’t.

If you do invest prepare to lose it all and anything else is an upside.

[spireitetoo]

Look into lunc, it's at a bargain price at the moment, and a relatively small investment (say 100 quid) could yeald a big return if it ever hits the heights of say.. 2 cents.. daft it may sound but the current price is around 0.00026..

[Blue5]

Sammy Spireite, on 27 October 2022 - 12:03 PM, said:

Anyone dabble?

What app/platform do you use?

Not looking at big amounts, but contemplating spreading a few hundred £ across a few low value currencies in the hope that one or two go major, so don't want to pay high or fixed transaction costs but want a reliable app that's safe to use.

My advice, don't bother.

Look at the share price volatility in Argo Blockchain Plc over the past two years and notice the general trend, that tells you all you need to know.

YouTube is full of crypto millionaires who haven't got a pot to piddle in but they all want to train and educate you in how to become successful, for a fee of course! The reality is the big fund managers simply avoid it.

This post has been edited by Blue5: 27 October 2022 - 05:31 PM

[s42blue]

spireitetoo, on 27 October 2022 - 04:53 PM, said:

Look into lunc, it's at a bargain price at the moment, and a relatively small investment (say 100 quid) could yeald a big return if it ever hits the heights of say.. 2 cents.. daft it may sound but the current price is around 0.00026..

Why is it a bargain in your opinion? Genuine interest. Do your mean it has a low price? Doesn’t mean it has any value. What’s it’s usp v the others? What’s the catalyst to change?

[Blue5]

s42blue, on 27 October 2022 - 04:43 PM, said:

“Asset” is lose term. It’s based on nothing. It rises on….hope and ? It goes down on…? It’s a pure speculation play. There is no intrinsic value.

It’s regulated in the U.K. by? Oh..no one. Isn’t part of a compensation scheme.

I listened to a podcast recently where the owner of an independent luxury car garage outlined why criminals like using crypto and that he's started accepting it as payment!

[Sammy Spireite]

Blue5, on 27 October 2022 - 05:29 PM, said:

My advice, don't bother.

Look at the share price volatility in Argo Blockchain Plc over the past two years and notice the general trend, that tells you all you need to know.

YouTube is full of crypto millionaires who haven't got a pot to piddle in but they all want to train and educate you in how to become successful, for a fee of course! The reality is the big fund managers simply avoid it.

Thanks, to be honest, that's the same advice I've had a from a friend who works in the finance sector, too.

[Sammy Spireite]

Blue5, on 27 October 2022 - 05:37 PM, said:

I listened to a podcast recently where the owner of an independent luxury car garage outlined why criminals like using crypto and that he's started accepting it as payment!

Its certainly not something I'd look to be investing my future in, but I just fancied putting a couple of £100 in more as a hobby than anything else, certainly more appealing and the bank seems only a slightly better option than having it stuffed under the mattress currently!

[Sammy Spireite]

spireitetoo, on 27 October 2022 - 04:53 PM, said:

Look into lunc, it's at a bargain price at the moment, and a relatively small investment (say 100 quid) could yeald a big return if it ever hits the heights of say.. 2 cents.. daft it may sound but the current price is around 0.00026..

I've seen a few people recommending really low value currencies, (HOLO and AMP for example) but for your example to hit 2 cents it needs to increase 77 fold, which seems extreme to say the least.

[Sammy Spireite]

calvin plummers socks, on 27 October 2022 - 04:25 PM, said:

Got a bit of Bitcoin - use Binance

Binanace, eToro and Coinbase are the 3 apps I've been recommended so far.

[Westbars Spireite]

I wouldn't touch it with a bargepole personally.

[Goku]

Isn’t it absolutely dreadful for the environment?

[s42blue]

Goku, on 28 October 2022 - 09:12 AM, said:

Isn’t it absolutely dreadful for the environment?

Yep. Keeping the servers cool takes an immense amount of power apparently.

[Wooden Spoon]

A friend of mine is into this and he’s been doing it for about 10 years. He reckons he’s just about made enough to retire over the last 10 years from a very modest investment.


He says buy a lap top and only use this for crypto and nothing else. Write down your wallet password and user name so you don’t lose it. Make sure the crypto your looking at has really secure blockchains.


Of course we’re central banks to introduce crypto in current currency so you could have a coin/note/electronic currency linked to electronic blockchains it makes bitcoins and all the rest obsolete over night.


Currently it’s a joint venture between criminal gangs and speculators hence the volatile nature of the market. Criminal gangs money transfer is the stable money movements, speculators sell on peaks and buy on troughs but there’s no massive investment “from markets”

[StaffsSpireite]

Iv got some Bitcoin , Ethereum , Meta , and 2-3 others but you never gonna make a fortune at it now...... only ones who made big money were the lucky ones who got in in several years ago when they first appeared.

[spireitetoo]

s42blue, on 27 October 2022 - 05:35 PM, said:

Why is it a bargain in your opinion? Genuine interest. Do your mean it has a low price? Doesn’t mean it has any value. What’s it’s usp v the others? What’s the catalyst to change?

It's a relatively new coin, it's forerunner luna hit 159 dollars (off the top of my head) before a major crash earlier this yr, it is a relatively small investment, which could yeald a decent return, currently many crypto's are losing value due to the current worldwide recession, but lunc is holding its own, and even made small gains last week, .. its a gamble a longterm gamble but worth the risk for say 100 quid..

[s42blue]

spireitetoo, on 29 October 2022 - 06:26 PM, said:

It's a relatively new coin, it's forerunner luna hit 159 dollars (off the top of my head) before a major crash earlier this yr, it is a relatively small investment, which could yeald a decent return, currently many crypto's are losing value due to the current worldwide recession, but lunc is holding its own, and even made small gains last week, .. its a gamble a longterm gamble but worth the risk for say 100 quid..

None of which explains why it’s good value. Or why there is a catalyst to improve.

It’s definitely a gamble.