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  #2761  
Old 30-07-2021, 03:21 PM
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imashed : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimashed : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimashed : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimashed : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimashed : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimashed : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimashed : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimashed : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimashed : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimashed : if all you've got to do today is find peace of mind, come round, you can take a piece of mineimashed : if all you've got to do today is find peace of mind, come round, you can take a piece of mine
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  #2762  
Old 30-07-2021, 03:43 PM
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Defo scam
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  #2763  
Old 11-08-2021, 06:36 AM
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  #2764  
Old 01-09-2021, 11:55 AM
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Is it still worth investing now? I've read some people speculating it may hit $80-100,000 this year.
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  #2765  
Old 01-09-2021, 12:11 PM
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Is it still worth investing now? I've read some people speculating it may hit $80-100,000 this year.
It's an extremely volatile and high risk investment. So just like anything in this bracket you should have a tiny % of your overall portfolio in here.

I currently stand at 25% up against my total investment which isn't bad since April. I was 50% down at one point though!

If you're going to invest spread the purchasing over time so that you smooth out the peaks and troughs because there's plenty

Regardless of what people say, cryptos are here for the foreseeable. You'd assume they'd go up in value the more the usage increases but it's all a gamble, a massive one.
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Last edited by Chris K; 01-09-2021 at 01:39 PM.
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  #2766  
Old 01-09-2021, 12:13 PM
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Is it still worth investing now? I've read some people speculating it may hit $80-100,000 this year.
No-one knows. Don't believe anyone that claims to either.

Treat it as a bet, not investing. Do your own research and don't trust anyone who tells you about "the next bitcoin" without finding out about it first.

Btc could hit 100k this year or 3k just as easily.
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  #2767  
Old 01-09-2021, 12:14 PM
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Not saying don't btw. I dabble

Just go into it with open eyes is all
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  #2768  
Old 01-09-2021, 12:18 PM
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Personally id invest in Eth and Cardona right now but you cant go wrong with bitcoin.
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  #2769  
Old 01-09-2021, 12:31 PM
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Yeah I have about 10% ada, 10% eth, 5% iota and the rest nano.
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  #2770  
Old 01-09-2021, 12:41 PM
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Cheers.
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  #2771  
Old 01-09-2021, 03:12 PM
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Originally Posted by bigend1 View Post
Not saying don't btw. I dabble

Just go into it with open eyes is all
Very good advice. Don't gamble more than you can afford.

Like you, I have dabbled and have watched my 'investment' go down as well as up.

One concern is regulation - and before the smart arses come on and say that cryptocurrency is beyond regulation, let me make the point. Should the UK and/or the US (say) determine that it is illegal to trade in cryptocurrencies, except through regulated bodies (so as to control money laundering and indeed Tax collection) it will affect the market hugely. Sure, illegal dealing will continue, but it will be limited. It's hard to imagine that some sort of regulation will not be imposed eventually.

Cryptocurrency is definitely here to stay, but in what form? The blockchain is far more than a monetary device. Nobody knows (whatever they may tell you), but my guess is that one of the more innovative/flexible cryptocurrencies will eventually prevail.
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  #2772  
Old 01-09-2021, 07:02 PM
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Regulation is my primary concern and is the reason why I haven't got involved yet. China announced some form of crackdown about 3 months ago and it hugely affected the market, although clearly it has bounced back. Tough to gauge with so many competing external variables that I am finding it difficult to commit fully.
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  #2773  
Old 01-09-2021, 07:58 PM
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Banning Bitcoin is impossible , just as banning the internet would be impossible at this stage. Governments that have tried have failed. Nigeria attempted to outlaw exchanges this year which led to a huge spike in price on peer-to-peer markets. Basically , bans lead to higher prices in local jurisdictions which incentivises more participation. Nigeria was forced to back track on its ban. Ask yourself, can you imagine a world without the internet and then realise that Bitcoin is the internet of money.
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  #2774  
Old 01-09-2021, 08:00 PM
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Quote:
Originally Posted by James View Post
Very good advice. Don't gamble more than you can afford.

Like you, I have dabbled and have watched my 'investment' go down as well as up.

One concern is regulation - and before the smart arses come on and say that cryptocurrency is beyond regulation, let me make the point. Should the UK and/or the US (say) determine that it is illegal to trade in cryptocurrencies, except through regulated bodies (so as to control money laundering and indeed Tax collection) it will affect the market hugely. Sure, illegal dealing will continue, but it will be limited. It's hard to imagine that some sort of regulation will not be imposed eventually.

Cryptocurrency is definitely here to stay, but in what form? The blockchain is far more than a monetary device. Nobody knows (whatever they may tell you), but my guess is that one of the more innovative/flexible cryptocurrencies will eventually prevail.
Ahhh. You mean XRP! Good shout
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  #2775  
Old 01-09-2021, 08:21 PM
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Quote:
Originally Posted by knowlesyUCLA View Post
Regulation is my primary concern and is the reason why I haven't got involved yet. China announced some form of crackdown about 3 months ago and it hugely affected the market, although clearly it has bounced back. Tough to gauge with so many competing external variables that I am finding it difficult to commit fully.
I think it will happen one day but its been any day for the last 5 years. Might be tomorrow but crypto is nice and taxable these days so unless there is a serious under world problem they might not be in a rush
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  #2776  
Old 02-09-2021, 06:47 AM
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Quote:
Originally Posted by Neil 154 View Post
Banning Bitcoin is impossible , just as banning the internet would be impossible at this stage. Governments that have tried have failed. Nigeria attempted to outlaw exchanges this year which led to a huge spike in price on peer-to-peer markets. Basically , bans lead to higher prices in local jurisdictions which incentivises more participation. Nigeria was forced to back track on its ban. Ask yourself, can you imagine a world without the internet and then realise that Bitcoin is the internet of money.
Its not impossible.

With respect, Id imagine a government like the US or even here, would have more control and power to do so if they really wanted too.

Close the main trading platforms like eToro, Binance, Coinbase and many woukdnt bither with the hassle.

For many, if the government did that, theyd sell up. Yes, plenty would keep and continue to look to trade, but most are buying cryptos as an investment and probably could do without the hassle.
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  #2777  
Old 02-09-2021, 07:05 AM
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You're talking to Bitcoin's very own HD Eagle.
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  #2778  
Old 02-09-2021, 07:44 AM
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Quote:
Originally Posted by Tomo View Post
Its not impossible.

With respect, Id imagine a government like the US or even here, would have more control and power to do so if they really wanted too.

Close the main trading platforms like eToro, Binance, Coinbase and many woukdnt bither with the hassle.

For many, if the government did that, theyd sell up. Yes, plenty would keep and continue to look to trade, but most are buying cryptos as an investment and probably could do without the hassle.
Can you really see the US government closing these crypto exchanges? if they did they'd also have to close JP Morgan Chase, Bank of New York, State Street, US Bank, Citibank who also offer Bitcoin custody and trading to clients.
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  #2779  
Old 02-09-2021, 07:53 AM
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Can you really see the US government closing these crypto exchanges? if they did they'd also have to close JP Morgan Chase, Bank of New York, State Street, US Bank, Citibank who also offer Bitcoin custody and trading to clients.

I don't think they will close them but I do think they will regulate them. That regulation will be around rules and tracking. The same way exchanges allow the buying and selling of silver or gold. It won't mean there will be no more bitcoin but will mean that the "false" valueless coins are cleaned up or not allowed to market. No, I have no idea HOW they would do this but I think they will be looking at it. Bitcoin is here to stay and whether it goes to 100,000 or whatever is another matter. Now where is Russ with our coins?
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  #2780  
Old 02-09-2021, 08:12 AM
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Governments will try and bring the industry to heal so they can tax it which is probably fair enough. I'm personally 30% BTC, 20% ETH, 25% ADA and 25% misc. You see some wild claims about where it's going to go to but I try not to listen as there's some very odd people involved in BTC. Ultimately it will go up and down wildly as it is a commodity (just happens to be digital). Fortunately it seems to be up when a lot of my stocks are down and vice versa so it tends to smooth out my portfolio which is useful. I also hold it as a hedge against the ridiculous amount of money being printed by central banks and the inflation that will bring over the coming years.
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