Dogecoin (8 Viewers)

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Liquid Gold

Liquid Gold

Well-Known Member
I think you can make a bit of cash from ones like doge but they are definitely bubbles as the coin themselves are useful for nothing else but investing in and making money from.

The reason Bitcoin shot off is because it was the standard currency of the dark web. That means that people are always looking to change traditional currencies into BTC and back again after making anonymous transactions.

If I was looking to invest now I would be going for Etherium or Monero as they’re both being picked up by some pretty large dark net markets.
 
Marty

Marty

Well-Known Member
Liquid Gold said:
I think you can make a bit of cash from ones like doge but they are definitely bubbles as the coin themselves are useful for nothing else but investing in and making money from.

The reason Bitcoin shot off is because it was the standard currency of the dark web. That means that people are always looking to change traditional currencies into BTC and back again after making anonymous transactions.

If I was looking to invest now I would be going for Etherium or Monero as they’re both being picked up by some pretty large dark net markets.
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Where can you buy the new ones that haven't hit the likes of binance or coinbase?

I fancy a real punt on one. Billionaire or bust.
 
Marty

Marty

Well-Known Member
Liquid Gold said:
LocalMonero for monero, not sure about etherium.
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Both can be got through kraken, I want one that's fresh to market worth 0.00000001. that nobody knows about, that can't be bought through the big brokers, Stick a grand in and come back in 12 months time to see if it's made any ground. If it's even possible?
 
clint van damme

clint van damme

Well-Known Member
Liquid Gold said:
I think you can make a bit of cash from ones like doge but they are definitely bubbles as the coin themselves are useful for nothing else but investing in and making money from.

The reason Bitcoin shot off is because it was the standard currency of the dark web. That means that people are always looking to change traditional currencies into BTC and back again after making anonymous transactions.

If I was looking to invest now I would be going for Etherium or Monero as they’re both being picked up by some pretty large dark net markets.
Click to expand...

Its not true that they have no use outside of the Dark net.
Cardano for example has just partnered up with the Ethiopean government.
XRP looks likely to be adopted by the finance industry if/when they overcome their legal wrangles.
A lot are hooking up with big corporations.

Of course that doesn't mean they're good investments!
 
D

Deleted member 4439

Guest
Yes, it's very dogged. I think it will hold a range, just like GME. The latter has surprised me by holding up. My thesis is that the new kids on the block tend to hate sell up for losses, so provide the support base for the traders to bounce off. You see this in the AIM penny shares.

Of course, all this coinage is old hat, and we know that NFTs are the way to go in the madness. You even now have the opportunity to buy the definition of NFT.

www.prnewswire.com

Thanks To Merriam-Webster, You Can Now Own The NFT Of The Definition Of "NFT"

/PRNewswire/ -- Merriam-Webster today announced it is auctioning the NFT (non-fungible token) of its definition of "NFT." The definition was added to the...
www.prnewswire.com www.prnewswire.com
 
clint van damme

clint van damme

Well-Known Member
dubed said:
Yes, it's very dogged. I think it will hold a range, just like GME. The latter has surprised me by holding up. My thesis is that the new kids on the block tend to hate sell up for losses, so provide the support base for the traders to bounce off. You see this in the AIM penny shares.

Of course, all this coinage is old hat, and we know that NFTs are the way to go in the madness. You even now have the opportunity to buy the definition of NFT.

www.prnewswire.com

Thanks To Merriam-Webster, You Can Now Own The NFT Of The Definition Of "NFT"

/PRNewswire/ -- Merriam-Webster today announced it is auctioning the NFT (non-fungible token) of its definition of "NFT." The definition was added to the...
www.prnewswire.com www.prnewswire.com
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Its going to be mental when they take off and I can see a lot of litigation arising from them
 
shmmeee

shmmeee

Well-Known Member
Really don’t get NFT. Just take a screenshot?

That said, I can see them taking off with the incel crowd and memes and porn doing well.
 
D

Deleted member 4439

Guest
Nick ought to start bids on copyright ownership of the first post on SBT
 
clint van damme

clint van damme

Well-Known Member
has anyone 'staked' any of their crypto?
Only heard about it this week, basically you lend your coins to the exchange for a set period of time but you earn interest.
Staked my ADA for 2 months and Binance are advising potentially 7.9% interest, seems a bit high.
 
W

wingy

Well-Known Member
clint van damme said:
has anyone 'staked' any of their crypto?
Only heard about it this week, basically you lend your coins to the exchange for a set period of time but you earn interest.
Staked my ADA for 2 months and Binance are advising potentially 7.9% interest, seems a bit high.
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Would that be like shorting?
 
clint van damme

clint van damme

Well-Known Member
wingy said:
Would that be like shorting?
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I'm far from an expert but I think it's like putting your money in a bank account that you can't withdraw from for a set period of time and the bank uses your money for their own purposes and gives you a higher rate on interest in return.
 
Marty

Marty

Well-Known Member
clint van damme said:
has anyone 'staked' any of their crypto?
Only heard about it this week, basically you lend your coins to the exchange for a set period of time but you earn interest.
Staked my ADA for 2 months and Binance are advising potentially 7.9% interest, seems a bit high.
Click to expand...

I did look at it myself but the returns seem crazy, almost too good to be true. Kraken have some listed with 20% returns.
 
D

Deleted member 4439

Guest

Somebody tell me again that crypto isn't going to end in tears and that, somehow, everybody won't be paying to scoop up the mess.
 
D

Deleted member 4439

Guest
Doge about to test a major support point (0.40). BTC also looking like it will move down through 50k. Musk's tweet couldn't have come at a worse time amid the rising market volatility.

US inflation has broken 4%.

Here we go!
 
dutchman

dutchman

Well-Known Member
And again!

www.marketwatch.com

Elon Musk tweets about dogecoin, and price immediately jumps

A day after revealing that Tesla Inc. would stop accepting bitcoin as payment for its cars, Tesla Chief Executive Elon Musk suggested Thursday that another...
www.marketwatch.com www.marketwatch.com

A day after revealing that Tesla Inc. would stop accepting bitcoin as payment for its cars, Tesla Chief Executive Elon Musk suggested Thursday that another cryptocurrency, Dogecoin, could be turned into a suitable replacement.

“Working with Doge devs to improve system transaction efficiency,” Musk tweeted. “Potentially promising.”

Dogecoin DOGEUSD, 18.84% prices immediately shot higher, after bitcoin BTCUSD, 2.18% took a large hit in the wake of Wednesday’s announcement. Tesla’s TSLA, -3.09% purchase of $1.5 billion in bitcoin and acceptance of the cryptocurrency as a payment option was seen at the time as a sign of growing institutional acceptance of crypto.

Immediately after Musk’s tweet Thursday, Dogecoin prices jumped from less than 43 cents apiece to more than 50 cents. Bitcoin declined from about $54,500 a coin to less than $50,000 in the 24 hours after Musk’s announcement of Tesla’s move.
 
clint van damme

clint van damme

Well-Known Member
ADA holding its own among the carnage.
I think any future money I've got to spend on crypto will go into buying more.

Also staked what I've already got so let's see f the fabled 7% interest happens!
 
jordan210

jordan210

Well-Known Member
clint van damme said:
ADA holding its own among the carnage.
I think any future money I've got to spend on crypto will go into buying more.

Also staked what I've already got so let's see f the fabled 7% interest happens!
Click to expand...

I have a small amount of ADA. It does appear to jump up crash but then hold at a slightly higher price.

Brother is adamant it will hit £5 minimum by the end of the year.
 
Nick

Nick

Administrator
Can somebody confirm why people keep saying to the moon? Bit gimpy lads sort yourself out.

Sounds like a 3 year old at a Firework Display.
 
Greggs

Greggs

Well-Known Member
Evo1883 said:
No , he won't care about how much it is .

He's gained an awful lot of money Irrespective
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No, what? I'm not asking a question. Just merely making sure he is aware of the laws.
 
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