Cryptocurrency Thread

[oy vey]

Loving Eth. It's the future.

[PlanktonSideburns]

Got paid for some work in bitcoin. Shall I leave It there or chuck it into DOGE and whip it out after cunto humiliates himself on telly and takes it to the moon to Bury baD news?

[Noodle Lizard]

Got paid for some work in bitcoin. Shall I leave It there or chuck it into DOGE and whip it out after cunto humiliates himself on telly and takes it to the moon to Bury baD news?

Depends more on your timeframe (and how much it is). If it's something you can afford to lose, may as well throw it on the DOGE. I'd be surprised if that didn't reach the .50s some time in the next week or two.

That said, it's quite volatile and there's every chance it just plummets and doesn't really come back. Bitcoin will almost certainly double within a year or two and is by far the more sensible bet on paper.

[Better Midlands]

Elon's on SNL next week and the price of $DOGE has gone up 50% in the last 4 days possibly in anticipation of his appearance, so price could go up even further as the week progresses... imagine if they mentioned $DOGE or even incorporated it into a sketch - it's mooned before just off a tweet.

Not financial advice of course.

To answer your question bitcoin is the less stressful/safer bet.

[C_Larence]

I've become addicted to shitcoins this week. Lost hundreds and been spending all day just watching new coins being released and going through the processes to check if they're scams. All it'll take is one coin to make my money back and more, but the amount of scams out there is insane. 90% of coins will be rugpulls and anything you put in will become worthless as the coin owner will pull out all the liquidity and leave you holding a full empty bag, 5% will be honeypots which you can buy but can't sell due to code trickery. The other 5% (i'm being generous) will be genuine coins but one whale or bot  could destroy any chances of earnings. 1% of that 5% will moon. 

https://poocoin.app/ape

That's a list of all the new coins coming out on the binance smart chain. The names are ridiculous. One day I hope I can tell my kids that Hairy Pussy Coin paid their university fees

[C_Larence]

Quick update. Pulled money out of a coin I got into super early because someone in the telegram group made a gif quickly and I thought it was suspicious. Put all that money onto another coin I found that was also super early. Guess which one went up 50x and which one was a scam. I am slowly going extremely insane. If I see the name Elon Musk one more time I'm going to start punching people.

[Noodle Lizard]

Elon's on SNL next week and the price of $DOGE has gone up 50% in the last 4 days possibly in anticipation of his appearance, so price could go up even further as the week progresses... imagine if they mentioned $DOGE or even incorporated it into a sketch - it's mooned before just off a tweet.

Not financial advice of course.

To answer your question bitcoin is the less stressful/safer bet.

The only counterpoint I'd make is that his SNL appearance, or any associated promotion, is already "priced-in" to a degree. I learned this lesson recently with a stock which had a lot of hype about being uplisted to the NASDAQ - when it finally did, its price actually went down after a very short spike. It's also worth mentioning that the DOGE was tickling .50 just a couple of weeks ago and had a pretty dramatic dip[nb]right around Apr 20, the widely-anticipated DOGEday which was sure to send it (and all weed stocks) to the moon - instead they all went red[/nb] before Musk's tweet brought it back to the midpoint. I expect there'll be a lot of people who bought in high and would sell off pretty quickly if they broke even.

That being said, if you have some money spare to gamble with, the DOGE could well see another big spike and probably quite soon if so. I don't know if Musk's SNL appearance alone will do it though.

[bakabaka]

[MojoJojo]

All it'll take is one coin to make my money back and more,

Massive alarm bells ringing. You need to accept your losses and walk away. You're in the trap where you are gambling more to make up for your losses.

[oy vey]

Quick update. Pulled money out of a coin I got into super early because someone in the telegram group made a gif quickly and I thought it was suspicious. Put all that money onto another coin I found that was also super early. Guess which one went up 50x and which one was a scam. I am slowly going extremely insane. If I see the name Elon Musk one more time I'm going to start punching people.

Sorry mate but this is the reason for most of the volatility in crypto. Retail investors with attention deficit disorder and no plan.

Investing is fine. Trading is fine. Flipping is a gambler-friendly high risk bastard child of both and it's doomed even in a bullmarket.

Why don't you think longer term with more solid projects? Or study the shit out of trading and stick to coins with mature chart histories?

[Johnny Textface]

Find a gem you believe in and you've checked out.  Try and get in at a good low, early position and walk away for a year or two. I got very lucky with Safemoon but, like you said, there are hundreds of these shitcoins coming out every day and most of them are rugs.

Here's a few that I think are legit and have legs.
Safemoon
Elongate
NFTArt
Spore Finance
Refinable
Bonfire
Forestry

Not financial advise. Don't put in what you can't afford to lose etc.. Have fun!

[Johnny Textface]

Longer term BNB, Cake.

[Better Midlands]

The only counterpoint I'd make is that his SNL appearance, or any associated promotion, is already "priced-in" to a degree.

Agreed, I think that's why it pumped 50% in the last 4 days, it's the unknown of what happens on the live show on saturday that could make it interesting.

[Better Midlands]

Safemoon etc

I'm super wary of those memecoins - I think the space is too diluted now.

[Johnny Textface]

Think it's gone beyond that now. Proper utility, their own wallet and exchange and plans for African unbanked.

[TrenterPercenter]

Hi just to let you all know I often click on this thread just to see what and shite you are all saying and whether I can make any sense of it all.  I never can.


I am like a dog listening to classical music.

[peanutbutter]

All it'll take is one coin to make my money back and more

What about the time and energy invested?

[PlanktonSideburns]

right, based on all your totally legally binding rock solid financial advice, ive chucked a wedge of disposable into the doge

will hold you all personally responsible if i dont live in a house made of hottubs after snl

[monkfromhavana]

Hi just to let you all know I often click on this thread just to see what and shite you are all saying and whether I can make any sense of it all.  I never can.


I am like a dog listening to classical music.

"You can trade Alf Ramsey's Porn Dungeon, but for god's sake don't go for any of the more volatile meme-coins like Collapsotron bellwinkle. Stay with the mature fnnnnnnnnnnnnnnnnnnngh beta-meme futurecoins. Fod God's sake get in early though, sorry you're too late you've lost all your Fl8ibs and your house is going to be repossessed.

[MojoJojo]

I had a dream and spoke to my mate Jason and I reckon the cryptocurrency market has peaked, at least for the next six months. The big money movers are going to start shifting money into stocks that pay dividends and out of speculative stuff like crypto as we start moving out of covid.

Just a guess really, and I'd be happy to be wrong. I'm keeping my 0.02 of an ethercoin, but that's pure profit, I've withdrawn my original £100.

[C_Larence]

Everyone who said I was displaying red flags and signs of addiction and stuff was totally right, but also I just put 60 cents on a token and sold it for 300 dollars 15 minutes later.

I found a way to see when coins liquidity is being locked as it happens and so I can just monitor that and chuck tiny amounts on everything. A lot less time and energy consuming than my previous way.

[TrenterPercenter]

"You can trade Alf Ramsey's Porn Dungeon, but for god's sake don't go for any of the more volatile meme-coins like Collapsotron bellwinkle. Stay with the mature fnnnnnnnnnnnnnnnnnnngh beta-meme futurecoins. Fod God's sake get in early though, sorry you're too late you've lost all your Fl8ibs and your house is going to be repossessed.

This season is clearly all about doge, mega doge and at a push mega doge-lite sugar free.  I've got a mate that has gone balls to the wall on nyancat-meowster-strings, but there ain't no clams in that; not even a barnacle, you fools....

[Sebastian Cobb]

I had a dream and spoke to my mate Jason and I reckon the cryptocurrency market has peaked, at least for the next six months. The big money movers are going to start shifting money into stocks that pay dividends and out of speculative stuff like crypto as we start moving out of covid.

Just a guess really, and I'd be happy to be wrong. I'm keeping my 0.02 of an ethercoin, but that's pure profit, I've withdrawn my original £100.

Wouldn't you have wanted to dropped money into funds by now?

I've got some savings split across some funds, nothing mad. I barely pay any attention to them but they dropped a fair bit during initial covid uncertainty and recovered most of the way reasonably quickly based on the quarterly statements I get. I get the impression although things may be up and down still the point to throw money in at a low point and waiting for it to bounce back may have already happened.

[oy vey]

Another btc dump. Yellen was yellin' but it would have been a smaller correction but for the leveraged longer langers. Fucking degenerate gamblers. Discount day again.

[Better Midlands]

Another btc dump. Yellen was yellin' but it would have been a smaller correction but for the leveraged longer langers. Fucking degenerate gamblers. Discount day again.

I think the thing now is where DOGE has such a large market cap when it starts to pump everyone apes in and it really effects an already jittery market, the same thing happened 20/4 - its the number 4 to coin now.



It could realistically overtake BNB now.

[oy vey]

Isn't some travel company accepting doge now? I saw it on a telegram channel but can't be arsed googling it. Fucking thing is being adopted so you can't call it a meme coin any more. I would like to see it flip Bnb for no good reason.

[Noodle Lizard]

Theoretically, if enough people say "that has value, I'll take that", that's what determines its value. To what extent that value will practically reach is another matter entirely, but this year has been a bit of an eye-opener. Basically retail investors have become capable of pointing at something hard enough and making it valuable - same as The Big Lads have been doing since the inception of the stock exchange.

[hamfist]

I've written a nerdy program which does small trades of a handful of currencies, buys when it thinks it's a good idea, then sells when it thinks it isn't. More of a fun project for me than trying to MAKE MILLIONS, but it is slowly making a little profit just chugging away earning $1-2 on each trade. It uses a bit of linear regression of historic price points and tries to determine momentum in trends, then buys when it thinks there will be a move upward, sells when it thinks the momentum has gone.

[Mr_Simnock]

I've written a nerdy program which does small trades of a handful of currencies, buys when it thinks it's a good idea, then sells when it thinks it isn't. More of a fun project for me than trying to MAKE MILLIONS, but it is slowly making a little profit just chugging away earning $1-2 on each trade. It uses a bit of linear regression of historic price points and tries to determine momentum in trends, then buys when it thinks there will be a move upward, sells when it thinks the momentum has gone.

Is that after trading commission? Or are you on a commision free platform? You seem to be onto a very good thing if it makes $1 for every trade, doesn't sound much but that will soon add up.

[Shoulders?-Stomach!]

Bitcoin Cash just jumped 18%, Litecoin doing very well over the last week too.