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Post by skint4achange on Jan 11, 2018 12:15:17 GMT
P.s. Just a quick note on how I chose which funds I went with. I chose the lower value funds as in my mind they are relatively new funds with some more relatively new currencies. In my mind, although Bitcoin has a long way to go before it peaks, I think some of these newer Altcoins will grow exponentially in the near future, maximising (I hope!) my returns in a shorter period of time.
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blender
Member of DD Central
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Post by blender on Jan 11, 2018 12:23:03 GMT
As long as people appreciate that Bitcoin etc is the modern equivalent of the South Sea Company of 1711, all will be well. That bubble peaked after nine years.
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Post by skint4achange on Jan 11, 2018 12:36:13 GMT
As long as people appreciate that Bitcoin etc is the modern equivalent of the South Sea Company of 1711, all will be well. That bubble peaked after nine years. An opinion again, as we are all entitled to. If it all crashes and burns around my feet, no problem, I am not that exposed.
However, if this is just a bubble I very much doubt that the B of E and almost every other major bank in the known universe would be trying their hardest to get in on what is happening. Most financial institutions also realised that while the world (Mostly the over 40's!) sat back and claimed that it was just a "Fad" (As my grandparents said about the internet and mobile phones!), that the concept was in fact a very useful one and are now spending lots of your (Our!) invested pennies in trying to catch up and incorporate it into their business machines.
I think (And like all others, I am entitled to do so.) that this is a technical revolution occurring under our noses and most people write it off as a "Fad" because that is what governments have said. The easiest way to take people's trust out of something the government cannot control is claim it is being used to create all the world's evil.
Look what happened when contactless payments came in? How did people react? Certain very clever individuals claimed massive flaws in the system. My mother (RIP Mum) was walking around with a lead lined purse for 5 years!! She would have been ok in a nuclear holocaust but TBH it wouldn't have stopped her details from the card being taken by unscrupulous individuals! My point is, that we fear change, nobody likes it (Especially us "Oldies"), but youth love it. They all have smart phones and pay for things using Applepay (Google it if you really are that old! ) which is a move into the world of Crypto but others still do not like it.
My son runs rings around me with stuff like this (He is 11) and while we may not like it, it is how the world will go (I am glad to say).
But, as most people agree, we will see what the future holds. Me personally? I am excited to see what this brings. I think the world of finance is about to change, and IN MY OPINION, for the better.
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Post by Deleted on Jan 11, 2018 13:18:10 GMT
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Post by skint4achange on Jan 11, 2018 13:25:31 GMT
Again, another opinion which is great, but I prefer not to take my investment advice from CNBC, who, after being subjected to their one sided biased reporting for many years while working in the USA, carry about as much sway in my life as the BBC! None.
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Post by skint4achange on Jan 11, 2018 13:36:01 GMT
It was probably unfair to just dismiss an opinion (Even if it is from CNBC!) but what they have reported there has only gone to reinforce what I have said before.
Warren Buffet , who I admire as a businessman, is not really in the age range that will appreciate Crypto currency. I am surprised that he says that his company will never invest in it, I can almost guarantee that with the investments he has, one or other of these will have at least a toe in the water. He may not even be aware that he does have investments in Crypto with how vast his portfolio is.
But, to write Crypto off in it's entirety as a businessman is a bit suicidal. Mind you, at his age he may not be around to really see what happens in the future anyway.
I think people will always have to agree to disagree about new tech until it is proven, or consigned to the annals of history.
Those who are prepared to ride out the rollercoaster and see where it goes, carry on. Those who wish to watch from the sidelines, fair enough. But rather than claiming anything with absolute certainty, lets just wait and see.
Happy investing all.
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Nomad
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Post by Nomad on Jan 11, 2018 14:19:05 GMT
As for Iconomi and it's strategy, it is no different to investing in a managed stocks and shares program. I prefer at the moment to allow people who are "Experts" in this field to make calls for me on which currencies are likely to succeed. After all, like stocks and shares experts, this is all these people do all day. And, if they do not perform, I can leave their fund (For a mere 0.5%) and buy into a fund that is performing. I see that Iconomi only accepts deposits in Bitcoin and Ethereum. Are there other platforms with reasonable credibility that allow one to purchase "crypto funds" with conventional currencies? Thanks.
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Post by skint4achange on Jan 11, 2018 14:24:50 GMT
Nomad, I am not really too sure. I am still a bit new to all of this so I am going to tag a couple of more experienced members who might be able to give you (And me!) some useful advice on which sites accept FIAT input for Crypto. I know that there are not that many (That I have found).
So, if Monetus and gibmike don't mind me tagging them and getting their views, I am sure we will be much wiser.
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Monetus
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Post by Monetus on Jan 11, 2018 14:33:04 GMT
I've personally used the following three sites to purchase/sell fiat and cryptocurrency in the UK: www.coinbase.com (probably the easiest to get started as you can use credit/debit card) www.coinfloor.co.uk (wire transfers for larger amounts) www.localbitcoins.com (make sure to read feedback of traders to ensure they have good feedback) Generally you will need to purchase BTC or ETH first before trading it into another cryptocurrency at an exchange such as www.binance.com or www.bittrex.com
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Post by badboyyardy on Jan 11, 2018 14:56:36 GMT
So south Korea may be getting ready to ban Crypto - thanks for the bubble spike - this is when to buy as it will only bounce back just as when China actually banned trading.
Again Coinbase has been great for me - Kraken not so good after no support
MODS - feel free to remove below if not allowed
If anyone wants a link to sign up to Coinbase please PM me (we both get $10 free once you buy $100 of any cryptocurrency)
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Post by badboyyardy on Jan 11, 2018 14:58:28 GMT
To those who have used Revolut - is this the premium account or the crypto option - doesn't seem to allow UK sign ups
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Post by skint4achange on Jan 11, 2018 15:05:53 GMT
So south Korea may be getting ready to ban Crypto - thanks for the bubble spike - this is when to buy as it will only bounce back just as when China actually banned trading. Again Coinbase has been great for me - Kraken not so good after no support MODS - feel free to remove below if not allowed If anyone wants a link to sign up to Coinbase please PM me (we both get $10 free once you buy $100 of any cryptocurrency) Just to clarify the above though, the ban in South Korea is not due to the nature of the currency, it is due to the shady dealings of the companies operating the markets in Korea, I.e. Not paying taxes.
I do not think that the trading ban in Korea will be permanent. Anyone who has lived/worked in Korea knows that these people love being on the edge when it comes to technology.
The government will simply lay down regulations on how trading takes place in the future, IMHO.
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Nomad
Member of DD Central
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Post by Nomad on Jan 11, 2018 15:07:26 GMT
To those who have used Revolut - is this the premium account or the crypto option - doesn't seem to allow UK sign ups One has to commit to the Premium account for 12 months at GBP 6.99 in order to purchase crypto currency. I signed up as a UK user yesterday.
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Post by badboyyardy on Jan 11, 2018 15:12:47 GMT
So south Korea may be getting ready to ban Crypto - thanks for the bubble spike - this is when to buy as it will only bounce back just as when China actually banned trading. Again Coinbase has been great for me - Kraken not so good after no support MODS - feel free to remove below if not allowed If anyone wants a link to sign up to Coinbase please PM me (we both get $10 free once you buy $100 of any cryptocurrency) Just to clarify the above though, the ban in South Korea is not due to the nature of the currency, it is due to the shady dealings of the companies operating the markets in Korea, I.e. Not paying taxes.
I do not think that the trading ban in Korea will be permanent. Anyone who has lived/worked in Korea knows that these people love being on the edge when it comes to technology.
The government will simply lay down regulations on how trading takes place in the future, IMHO.
Exactly why its the time to buy....just got to guess the bottom
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Post by badboyyardy on Jan 11, 2018 15:13:40 GMT
To those who have used Revolut - is this the premium account or the crypto option - doesn't seem to allow UK sign ups One has to commit to the Premium account for 12 months at GBP 6.99 in order to purchase crypto currency. I signed up as a UK user yesterday. Just created account - OK crypto can be unlock with 3 referrals - anyone want a referral PM me
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