Topic: Cryptocurrency Thread

[Noodle Lizard]

Amazingly, the DOGE is quite interesting tonight.

[QDRPHNC]

Hmm, Cardano sounds interesting. I have a bit of Litecoin doing FA, maybe it's time to switch it up.

[Noodle Lizard]

It's far too early to tell. I finally got in on the DOGE because of a work colleague who claimed they knew someone who knew it was going to skyrocket tonight. Seemed that way for a little bit, but now it's anyone's guess.

But I'm also holding $240 GME shares for similar reasons, so please don't trust me on quite literally anything.

[Noodle Lizard]

[ZoyzaSorris]

Don’t finally get into things, that’s what I’m learning. It’s too late. In and out quickly if you wanna have a chance of riding a wave.

[Shoulders?-Stomach!]

Loads of activity on ZRX which is 35% up in last 24hrs. Currently stand to make a cool, cool £2, don't all crowd round at once.

Edit, 43%

Further to the above, it went bezerk last night and although I had a little stake (£8) I made £6.50 by selling this morning. Can't imagine that will reflect an average day on the crypto though.

[kittens]

Taking a look at Cardano (ADA). Basically an alternative to Ether created by one of the co-founders, but tweaked to avoid some of the problems Ether keeps running into such as expensive fees and hackability. I've never been much of a Vitalik fan anyway.

Just listening to an interview now, Charles Hoskinson, reminds me of what I liked about BTC back in the day. Proselytising about the unbanked/oppressed and that being the ultimate goal we shouldn't lose sight of. He sounds alright. Promising graph. I'm ALL IN

very cheap right now too. i got 50 for less than 20 quid. gonna go boom baby

[Chedney Honks]

I made sixty quid on DOGE in a few days. Should have held on longer I guess and might have made more.

No point beating myself up though because I could have 'made' ten times as much by not buying about thirty Blu-rays this month.

[daimoniac]

just took a punt in coinbase on a tenner in algorand and a tenner in stellar lumens - no idea what the hell im doing, but its not like im gonna end up owing anyone anything, is it?

[MojoJojo]

My initial £100 is up to £105 now.

Logically, I know that if I sell now, I'll have made 3% or so (after fees) in a couple of days. Which is crazy good - my saving account offers 0.5% a year. But that seems like a lot of faff.

[Shoulders?-Stomach!]

Looks like I tapped out on 0x way too early, price has doubled since.

[katzenjammer]

The DeFi coins all seem to be going a bit mental right now and Etherum just hit an all time high

[kngen]

Rode the AAVE wave again last night. Another gain of about 15%, but parked it in Bitcoin as I needed to get some work done, and I can't be staring at graphs all morning. Think that might be my strategy from now on. Do a bit of trading, then put it somewhere safe when I can't gawp at squiggly lines (but I can't help think I'm getting screwed on conversion rates)

Any idea what Coinbase takes for conversions, MojoJojo? It says 'no fee' but they must be weighted in some way, as my overall portfolio total takes a dip any time I convert.

[kngen]

The DeFi coins all seem to be going a bit mental right now and Etherum just hit an all time high

Apparently there's a new coin called rAAVE being launched on Monday, (I think). Think that's why all the DeFi coins are going nuts, esp AAVE, which rAAVE will be tied to.

Edit: Oh, and that Mark Cuban nob was talking them up. Not sure how I feel about taking financial advice from the guy that Russ Hanneman was based on, but I guess it's been pretty worthwhile so far.

[MojoJojo]

Any idea what Coinbase takes for conversions, MojoJojo? It says 'no fee' but they must be weighted in some way, as my overall portfolio total takes a dip any time I convert.

It's up to 2% - the precise amount varies because of timing.

The DeFi coins all seem to be going a bit mental right now and Etherum just hit an all time high

Yeah, DeFi seem a bit mad. Yearn.finance just announced they lost $11 million to an exploit. It's the second time it's happened to them, and while it's a loss to the company behind the currency rather than a loss to the currency, you'd expect a bit of a dip, but no, it's up.

Long term I want to invest in some Etherium but I don't want to buy at the peak.

[FerriswheelBueller]

Up $14 now. Bought another $50 in ETH. I’m too big to fail.

🚀🚀🚀

[kngen]

It's up to 2% - the precise amount varies because of timing.

Makes sense - ta!

[QDRPHNC]

I just moved all my Litecoin over to Cardano.

As of yesterday, my initial crypto investment in 2019 has slightly more than tripled. 65% in ETH, about 30% in BTC and the remaining is a mix of Cardano, Ripple and a teeny bit of Neo.

[Alfigator]

Got in to it at the start of January. Treating it as money that is already lost. Would be up 5k if I cashed out now already! Mostly been buying Etherium and XRP

[Sebastian Cobb]

Traded £50 worth of BTC for 7 grammes of Stardawg am I doing this right?

[QDRPHNC]

Traded £50 worth of BTC for 7 grammes of Stardawg am I doing this right?

Yep, you're pretty much using it for its intended purpose.

[FerriswheelBueller]

Traded £50 worth of BTC for 7 grammes of Stardawg am I doing this right?

I don’t know what this means but it sounds very cool so I’m going to say yes.

[kittens]

my disgusting nerd friend illegally pulled 1200£ out of his business and ploughed it in to cardano, and has now made a 700£ profit. he will go on to make more and more money in this manner and there is nothing stopping him. what kind of world is this that allows such dreadful things to happen.

[Junglist]

I punted £50 split between Ethereum, XLM and Cardano on Monday. I have £25 profit after a bit of wheeling and dealing. Rolling in fanny when I strut down the street.

[FerriswheelBueller]

my disgusting nerd friend illegally pulled 1200£ out of his business and ploughed it in to cardano, and has now made a 700£ profit. he will go on to make more and more money in this manner and there is nothing stopping him. what kind of world is this that allows such dreadful things to happen.

Delighted about this. Hope he rubs it in your face!

[Bence Fekete]

Can you only buy that with bitcoin? It isn't coming up and when I searched it recommends using Binance. Is that a better platform for this stuff? Revolut only seems to have a dozen available cryptos to trade.

I joined Binance last week. Seems to be the standard though it's far from perfect.

Straightforward enough to join / the usual faffing with ID etc. For more obscure coins like ADA you'll need to fund wallet with GBP, buy BTC on the market, then use that to buy your alt. Easy after a few swaps. You can buy some cryptos directly too but I've found this method a bit temperamental. 

[Shoulders?-Stomach!]

I joined Binance last week. Seems to be the standard though it's far from perfect.

Straightforward enough to join / the usual faffing with ID etc. For more obscure coins like ADA you'll need to fund wallet with GBP, buy BTC on the market, then use that to buy your alt. Easy after a few swaps. You can buy some cryptos directly too but I've found this method a bit temperamental.

Cheers

[MojoJojo]

I might give binance a go. I'm finding coin base's interface irritatingly vague. A simple graph showing the value held each currency over time would help a lot. At the moment it's a bit of an arse working out why my portfolio has gone up or down.

(I just said "my portfolio", what's happened to me?)

[Shoulders?-Stomach!]

Still struggling with the bits where the currencies drop in value. Aren't we all supposed to be making each other rich? Ffs come on now lads.

[QDRPHNC]

no idea what the hell im doing, but its not like im gonna end up owing anyone anything, is it?

This is a very good point. I still get chills down my spine when I think of some of the stupid decisions I made with options back in the day.

You want to see some bleakness, search for margin call on WSB. Basically the lender going "Yeah, you know those shares that we're both pretending you're going to buy until you sell the option? We're going to need you to go ahead and pay for those now actually. $200,000 please."