Dogecoin (7 Viewers)
- Thread starter Evo1883
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Deleted member 4439
Guest
Laughed at my mate when he put 40k into dogecoin at 4 pence a pop
Today he cashed out at 42 pence a pop
Bet he's having a Chinese tonight
Takes some to do that, but if you gamble on losing a few and monitor it to see if the tail of the dog is up (or else pull out) then smart move. Up another 30% today. And here's me having to sweat a few pounds each day on intraday trades on oilers instead!
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Evo1883
Well-Known Member
He seems to think etherium (I think it's called ) is the one to make him money in the long term
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Evo1883
Well-Known Member
Dogecoin might still rise further this week ..old Elon musk is going on Saturday night live this week and most people think he will discuss dogecoin ...hence the rise these last few days
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Deleted member 4439
Guest
Yes, I know that that's the talk at the mo (with the likes of real vision even saying it might overtake bitcoin given the tech that's to come online), and I did put a few shekels in the other day but unless does a doge, which is very unlikely then it's probably hardly worth my while. I veer from believing the story about cryto (I mean, value of private cryto vs the technology) to feeling that the tide will turn against it.
I'm still putting my money on gold as the longer term harbour of debased fiat money. Old school donkey vs the cryto car, I know.
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Evo1883
Well-Known Member
My mate put 37k into etherium today from his doge return .
Fucker will be a millionaire watch
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clint van damme
Well-Known Member
The Dogefather has some people are now calling him
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clint van damme
Well-Known Member
I've got about 250 Cardona which is the fella behind Etheriums other project.
Current worth,about £150. No Chinese for me!
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Marty
Well-Known Member
I picked up a chunk of Doge yesterday, in just over 24 hours, I'm up 40% currently. I know nothing about crypto or how it works, I just think it's far riskier to not be in it currently. It's literally making kids millionaires. Just looking back at the charts, If I invested into Doge what I did Shell (RDSB), on the same day, I'd be a multi millionaire today.
My next few months investing will be strictly crypto.
My next few months investing will be strictly crypto.
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ccfc92
Well-Known Member
Laughed at my mate when he put 40k into dogecoin at 4 pence a pop
Today he cashed out at 42 pence a pop
Bet he's having a Chinese tonight
As in £40,000???
Fair play haha if so...
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Evo1883
Well-Known Member
Yep , 40k
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Wyken Sky Blue
Well-Known Member
If you know nothing about crypto why did you pick Doge?
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Deleted member 4439
Guest
Mainstream media announced last week that Doge was to be added this week to the etoro trading platform, a popular platform for crypto, so the hype has been ramping up. The first major ramp was Musk's. Musk owns a lot of Doge. In fact, it's said that those with large positions in bitcoin are a bit pissed about Musk hyping up Doge.
Lots of talk about the key players in bitcoin having sold to each other over the past months to spike the price.
Lots of talk about the key players in bitcoin having sold to each other over the past months to spike the price.
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Deleted member 4439
Guest
As you're probably aware, Doge was created as a joke crypto, Whir's happening here is the equivalent of Gamestop.
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clint van damme
Well-Known Member
fairly sure it doesn't even have a white paper which other cryptos have.
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Deleted member 4439
Guest
Register to etoro, deposit money, click on dogecoin trade, buy some. That's it, couldn't be easier.
Unless you are deep into crypto in terms of what's coming up on the rails and precisely why a particular coin is of value*, all you need to know is that you might make a fair chunk if you put in a fair chunk, but due the volatility it's the case of the winner takes it all, the winner being the one who blinks first.
The current bet on Ethereum classic (not the standard Ethereum) is it's supposed superior tech base compared to bitcoin, with further improvements planned. The emerging hype is bitcoin is dead, long live Emperor Ethereum (classic).
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Ccfcisparks
Well-Known Member
Another one I’ve seemed to miss the boat on. Really want to get into investing but exams, work and revision occupying all my time at the moment
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Wyken Sky Blue
Well-Known Member
It looks like you have to deposit at least $1000, is that correct?
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Deleted member 4439
Guest
I just put an initial £500 in. Looking at this, the min looks to be $200? (About £150)
Note, that's by debit card. As it says, 500 if by bank transfer.
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Marty
Well-Known Member
Because I wanted too.
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Wyken Sky Blue
Well-Known Member
So you got lucky then? Or were you advised to buy some?
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shmmeee
Well-Known Member
That would be my bet for one to end up replacing cash. Bitcoin is more like gold: good value store, too clunky for transactions.
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shmmeee
Well-Known Member
It’s a meme currency. No one should be advising to buy doge. It’s a total bubble and some people will get burned, but if you’ve got the nuts and the cash some will make bank.
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mrtrench
Well-Known Member
I'm not touching any crypto currency... not even with your bargepole. Just be careful guys and don't put any more in than you'd be happy to lose. It all looks like the typical bubble to me: those that buy early and sell in time will make loads. Everyone else will lose.
A related anecdote. My mother-in-law was a sucker for all this kind of stuff - her poison was toys kept in her loft in their box. When she died 5 years ago we just put it all in our loft. As we're moving soon we're getting rid.
She had well over 100 beanie babies - probably over 200. They are worth nothing. We took the lot to two charity shops yesterday and both rejected them. They'll go into landfill I guess. Remember that people were going mad for these with really fancy prices for 'rare' ones in the 90s.
She also had boxes and boxes of china - almost all worthless (but at least the charity shops will take that). About the only thing we've found worth more than £10 or so is a Prince William limited edition teddy bear. And God knows what she paid for it.
There's a saying in the City: the time to sell is when your taxi driver tells you what a great investment it is. That's because it's reached saturation at that point and the bubble is about to burst.
Go careful.
A related anecdote. My mother-in-law was a sucker for all this kind of stuff - her poison was toys kept in her loft in their box. When she died 5 years ago we just put it all in our loft. As we're moving soon we're getting rid.
She had well over 100 beanie babies - probably over 200. They are worth nothing. We took the lot to two charity shops yesterday and both rejected them. They'll go into landfill I guess. Remember that people were going mad for these with really fancy prices for 'rare' ones in the 90s.
She also had boxes and boxes of china - almost all worthless (but at least the charity shops will take that). About the only thing we've found worth more than £10 or so is a Prince William limited edition teddy bear. And God knows what she paid for it.
There's a saying in the City: the time to sell is when your taxi driver tells you what a great investment it is. That's because it's reached saturation at that point and the bubble is about to burst.
Go careful.
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Deleted member 4439
Guest
There are some very powerful narratives from the large holders around particular cryptos, and which I admit to finding very compelling, but not enough to make me fear missing out. I think that's because I've been around the AIM casino for enough time to learn that slowly slowly is the way to build profits, to accept profits when they come gladly and to never sweat over having sold something that's gone to the moon.
Having said that, when the bubble breaks in bitcoin etc, I may well look to ride the dead cat bounce. In, out, shake it all about.
Having said that, when the bubble breaks in bitcoin etc, I may well look to ride the dead cat bounce. In, out, shake it all about.
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Nick
Administrator
Not too sure it's like Beanie Babies though? No expert in them but looks like some still go for decent money on eBay to the right buyers. A Charity shop isn't going to give you that.
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mrtrench
Well-Known Member
Great news on the beanie babies: the postie has kids and just took one boxful.
Nick, I can't be arsed looking through hundreds of beanie babies looking for maybe one I can sell. I looked through 'completed items' and saw page after page of past auctions trying to sell one for £1 which hadn't received bids. I wasn't expecting a charity shop to give me anything - they don't want them even when they are free.
No, it's not identical to crypto, because you can exchange crypto directly for cash, whereas you always had to sell a beanie babe to get the cash.
The world seems to be taking crypto very seriously - Sunak has even started a committee looking at the UK having its own. I think it's all arse. But even if I didn't, I wouldn't be speculating on something so hyped-up.
Old shirts still on ebay if anyone wants one. I've got an 89 Peugeot blue and white striped one somewhere but cannot find. When I do, that'll go up too.
Nick, I can't be arsed looking through hundreds of beanie babies looking for maybe one I can sell. I looked through 'completed items' and saw page after page of past auctions trying to sell one for £1 which hadn't received bids. I wasn't expecting a charity shop to give me anything - they don't want them even when they are free.
No, it's not identical to crypto, because you can exchange crypto directly for cash, whereas you always had to sell a beanie babe to get the cash.
The world seems to be taking crypto very seriously - Sunak has even started a committee looking at the UK having its own. I think it's all arse. But even if I didn't, I wouldn't be speculating on something so hyped-up.
Old shirts still on ebay if anyone wants one. I've got an 89 Peugeot blue and white striped one somewhere but cannot find. When I do, that'll go up too.
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Nick
Administrator
Yeah but that's because it wasn't your hobbie, it isn't mine either but I bet the mother in law knew about them all. Same as people who collect football kits etc.
The Beanie babies are the same sort of thing though, you need to know which ones and when to buy and sell.
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jimmyhillsfanclub
Well-Known Member
I'd also draw the attention of mrtrench to this post he made back in 2017. ....back when bitcoin was a mere $7K per pop......
Cryptocurrencies
...just saying
Cryptocurrencies
...just saying
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mrtrench
Well-Known Member
I always sell my AIM shares too soon. Was in right at the beginning of Boohoo but sold once I'd made 50% or so. My current buy and hold (and don't sell) is a couple of robotics Exchange Traded Funds... those have some real potential and there's real companies behind them that will be making huge profits as the technology is embraced. Not like the vapour behind crypto. Slowly, slowly - I agree. Invest don't speculate.
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mrtrench
Well-Known Member
I'd also draw the attention of mrtrench to this post he made back in 2017. ....back when bitcoin was a mere $7K per pop......
Cryptocurrencies
...just saying
I know. Still ain't tempted.
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