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Thread: Finances

  1. #351
    Senior Member Adamski's Avatar
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    I stuck a grand in crypto yesterday during the crash and it’s now sitting at £1500. Unreal

  2. #352
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    Quote Originally Posted by Kikó View Post
    For crytpo, do your due diligence. Work out what the underlying technology is and whether it's worth investing in.
    Where's the fun in that?

    I'm hopeful that the payment solutions rather than the actual coins become the key change. Never thought I'd back a company called bread, but here I am.

    If I was Adamski, I'd pull out £1000 and leave the £500 as free money to play with. Unfortunately, I didn't have any fiat available to do similar and am already about as deep as I want to be.

  3. #353
    Senior Member Pepe's Avatar
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    I have a very small amount of money ( can't put any more in because I'm a foreigner) in a thing called Fundrise. It's been working well so far.

  4. #354
    More successful than most Magic's Avatar
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    Quote Originally Posted by Adamski View Post
    I stuck a grand in crypto yesterday during the crash and it’s now sitting at £1500. Unreal
    Can you convert it in to actual wonga?

  5. #355
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    Quote Originally Posted by Magic View Post
    Can you convert it in to actual wonga?
    How do you think the crash actually happened magic?

  6. #356
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    I've no idea.

  7. #357
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    Don't ever consider a career in finance.

  8. #358
    Senior Member Adamski's Avatar
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    Quote Originally Posted by Foe View Post
    Where's the fun in that?

    I'm hopeful that the payment solutions rather than the actual coins become the key change. Never thought I'd back a company called bread, but here I am.

    If I was Adamski, I'd pull out £1000 and leave the £500 as free money to play with. Unfortunately, I didn't have any fiat available to do similar and am already about as deep as I want to be.
    If it starts dropping again I’ll definitely be taking the £1000 out. Won’t let it get anywhere near that level.

  9. #359
    Senior Member Adamski's Avatar
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    Quote Originally Posted by Magic View Post
    Can you convert it in to actual wonga?
    Yes, when you sell it.

  10. #360
    Senior Member Spikey M's Avatar
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    Quote Originally Posted by Adamski View Post
    If it starts dropping again I’ll definitely be taking the £1000 out. Won’t let it get anywhere near that level.
    Doesn’t this shit routinely drop half it’s value and then triple it’s self daily?

  11. #361
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    Quote Originally Posted by Spikey M View Post
    Doesn’t this shit routinely drop half it’s value and then triple it’s self daily?
    It's a traders dream.

    It basically does plus minus 5-10% on a daily basis. Then surges by 20-30% or drops 20-30%.

    If you can see the warning flags and cut ties at the right time then buy back in when everyone else is suicidal, you can make a killing. I haven't played it but if I followed my guy I'd have been absolutely flying.

  12. #362
    Senior Member Adamski's Avatar
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    Quote Originally Posted by Spikey M View Post
    Doesn’t this shit routinely drop half it’s value and then triple it’s self daily?
    There was a huge dip this week which seems to be put down to a bit of market manipulation.

    I’m up to £1650 now so it is quite volatile. Like Foe says, notice the trend and get the stake out then gamble with the profit.

  13. #363
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    Should point out that the dream is picking one of the wee guys before it explodes. A friend bought into ripple at 0.25 and by a week later it was 2 plus.

    Imagine 10 folding your money in less than a fortnight. nuls, bread, everex and air swap.

  14. #364
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    Should point out adamski has played it very well. I bought some more at the very start of the dip (circa 30% drop) on the majority of coins I picked up, but the market dipped hard after that.

    If I had more fiat available I'd have picked up more because it was so obviously a market manipulation. The whole space was down, not just one r two coins. It was some fucker with a tens of billion dollar fund shaking the tree to then buy back in.

  15. #365
    Senior Member Adamski's Avatar
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    https://youtu.be/rzoHYuhpFWE

    This is the coin I’ve got about 75% in just now. Looks like it’s got some serious legs.

    Expecting it to pop following the ICE Totally Gaming Conference in early February.

    https://www.google.co.uk/amp/s/amp.r...18_an_indepth/

    FunFair will be attending the ICE Totally Gaming Conference on February 6-8 (https://www.icetotallygaming.com/exh...funfair-casino). This is a major business-to-business conference for the online gambling industry. The team plans to have the developmental side of the FunFair project done in time for the conference.

    Tech completion in February will allow for the advancement in operations and partnerships, which will lead to live FunFair-licensed casinos going live in Q2 2018.

    FunFair is in the process of acquiring their Remote Gambling Software License from the UK, which will enable them to license their technology to existing and regulated casino operators based in the UK. The license is, however, not necessary elsewhere.

    FunFair has steady operational costs covered for the entire year, as well as an 85,000 ETH reserve/storage for any and all upcoming costs.

  16. #366
    Senior Member Adamski's Avatar
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    Soaring towards 2k today, what a turnaround in 48 hours.

  17. #367
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    Bitconnect, then.



    $1bn. America must be so easy to crack. Just hire a stage, a suit and a bible. Whilst it's no reflection on the kryptocurrency scene as a whole, I can't help but look at Bitcoin and imagine the amount of drug and trafficking money that filters through that on an hourly basis.

  18. #368
    Custom User Title phonics's Avatar
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    A coin start-up took in millions over the last few weeks. Now they've bounced and left this as their landing page



    I can't wait to see how many idiots get grifted over and over and over again.

  19. #369
    Administrator Kikó's Avatar
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    ICOs are dangerous if you don't have a clue.

    It's a fraudsters dream this coin market.

  20. #370
    Senior Member Spikey M's Avatar
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    Please be Foe’s.

  21. #371
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    Please be Adamski's.

  22. #372
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    Negative. I've avoided ICOs completely.

    Although there's a good chance at least one of my gambles will disintegrate into nothing.

  23. #373
    DEATH TO THE WEIRD Raoul Duke's Avatar
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    I got a letter from my good friends at the Student Loan Company today, informing me (despite the fact I was sure I'd paid it off) that I've overpaid and they owe me some cash still. Checked online:

    £1,200


  24. #374
    ram it up your shitpipe Giggles's Avatar
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  25. #375
    DEATH TO THE WEIRD Raoul Duke's Avatar
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    That it was, that it was

  26. #376
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    Quote Originally Posted by phonics View Post
    I can't wait to see how many idiots get grifted over and over and over again.
    I've seen a few of the BitConnect jilted trying to bail themselves out with putting serious money (i.e. another loan) down for BitCoin.

  27. #377
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    There's a coin called "salt".

    Go and have a read about it and you'll realise just how fucked crypto is.

    I've basically written off my 1500 quid as an experiment. It's not yet near that point, but there's a bear market afoot.

  28. #378
    Senior Member Boydy's Avatar
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    https://thatoddmailbox.github.io/201.../iotaseed.html

    There's a write-up there on how the iota seed scam was done.

  29. #379
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    Fuck iota. Bought in at 3.60, sold at 4.11. Solid $8 profit.

  30. #380
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    Seems to me that the market's so volatile that, if you were to invest smartly, it would require you to cash out as soon as a spike hits and not a moment later. I think too many people see it as something to cash out after a year like it's stock or something and ultimately lose huge.

    Basically, put money in you don't mind losing.

  31. #381
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    Quote Originally Posted by Shindig View Post
    Seems to me that the market's so volatile that, if you were to invest smartly, it would require you to cash out as soon as a spike hits and not a moment later. I think too many people see it as something to cash out after a year like it's stock or something and ultimately lose huge.

    Basically, put money in you don't mind losing.
    The last bit is the only way to approach it.

  32. #382
    Senior Member Pepe's Avatar
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    Since everyone who asks for advice on how to 'invest smartly' gets told to go for something safe and avoid volatile shite like the plague, it is fair to say that 'invest smartly' and 'cryptocurrency' don't belong in the same sentence.

  33. #383
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    I know, I'm giving it a legitimacy it doesn't quite deserve.

  34. #384
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    Fine in moderation. It's a high risk high reward gamble.

    My stake in crypto is small fry. Got 20 times that elsewhere in my company share scheme. The folk who have the vast amount of their total wealth in it are asking for trouble.

  35. #385
    Administrator Kikó's Avatar
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    Investing in crypto and saying it's fine in moderation is like saying the same about stocks. Some of it is junk, invest in the currencies that have something of value to them.

  36. #386
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    Quote Originally Posted by Kikó View Post
    Investing in crypto and saying it's fine in moderation is like saying the same about stocks. Some of it is junk, invest in the currencies that have something of value to them.
    I remember looking at Monero in February 2017 when it was $16 USD and wanting to invest.

    Unfortunately, most of my money had been going to cover living expenses and paying off my fiancee's line of credit. When I brought up wanting to invest money, I caved after she said that "we don't have money to invest".

    After Monero's most recent dip in price, it's at $316 USD.

    I don't even want to touch cryptocurrencies now. The US Supreme Court wants the country to start regulating it, South Korea is on the way to regulating it, and China's banned cryptocurrencies altogether (not like that's working too well). There's growth potential still, sure, but I think this is the year that you start to see governments around the world start to crack down on it.

    I'm back to looking at battery-related ETFs.

  37. #387
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    Cardano is probably a good bet, though.

  38. #388
    Senior Member Jimmy Floyd's Avatar
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    I've put all my savings into the Greek drachma instead.

  39. #389
    Senior Member Spikey M's Avatar
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    Team Zimbabwe.

  40. #390
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    Quote Originally Posted by Adamski View Post
    I stuck a grand in crypto yesterday during the crash and it’s now sitting at £1500. Unreal
    Good luck getting your money out.

  41. #391
    Isn't he banned? Baz's Avatar
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    Quote Originally Posted by Panda Bear View Post
    Good luck getting your money out.


    It’s easy to withdraw, just can take a few days.
    I'm a twit

  42. #392
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    A few days is a long time in crypto.

  43. #393
    ram it up your shitpipe Giggles's Avatar
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    I can't even open a new bank account, let alone understand all this.

  44. #394
    Senior Member Adamski's Avatar
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    Quote Originally Posted by Shindig View Post
    A few days is a long time in crypto.
    It's essentially a bank transfer. Price is locked down when you sell so time is irrelevant.

  45. #395
    More successful than most Magic's Avatar
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    Keep telling yourself that mate. You can't take it with you.

  46. #396
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    Jesus Christ my spend on the credit card this month was £2,250.

  47. #397
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    You should probably sort you life out.

  48. #398
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    Reminded me to pay off the £60 on my credit card. The only £60 I'd had on there for about 2 years because my debit card is running out next month and I couldn't use it to pay online for something.

  49. #399
    More successful than most Magic's Avatar
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    Quote Originally Posted by Magic View Post
    Jesus Christ my spend on the credit card this month was £2,250.
    £1,150 this month.

  50. #400
    Administrator SvN's Avatar
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    Is that a personal or company credit card?

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