Dogecoin (6 Viewers)
- Thread starter Evo1883
- Start date
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Deleted member 4439
Guest
I didn't quite know what it was all about tbh. Nothing was clear about what they are thinking of doing or exactly how it would deliver cheaper, better transactions. It just seemed like a message to temper the private market. That or, don't worry, we won't let China take over the dollar/US monetary system .
mrtrench
Well-Known Member
Yeah, but I don't think it matters in the long term if you're buying a good business. Over the medium term, a good business will make profits ahead of inflation (unless it's very mature, in which case it should keep up with inflation and you get a good dividend). If you're selling whilst the Dow is up over 50% in a year as now, whilst strong doubts still remain in the global economy, I'm happy to get back in after a 10%-15% fall, even if it subsequently falls a further 10%-20% - I'm investing for the future, not speculating.
Crypto of course is pure speculation - not so much different to gambling - so that doesn't apply.
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Deleted member 4439
Guest
Another crypto cull this evening. I expect BTC will find support at 25k.
rob9872
Well-Known Member
Buy the dip of the dip! Diamond hands
CovUpNorth
Well-Known Member
Does the eToro platform charge fees like what Coinbase do when you trade?
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Deleted member 4439
Guest
No, it takes it money via the spread, i.e. difference between the selling and the buying price. The spread size offered on these 'free' platforms tends to be how they make up for lack of fees, though the spreads aren't in all cases greater than on 'fee' platforms. etoro also charges £5 for withdrawls form your account.
CovUpNorth
Well-Known Member
I’m already registered with Coinbase, so in regards to trading crypto, there’d be no point switching to eToro do you think??
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Deleted member 4439
Guest
As far as costs go, I don't know chap, as I haven't compared the two (I don't have a coinbase account). But I'd thought that if you wanted access to the hottest line of crypts you'd stick to CB, as etoro's offer is very mainstream. So, for example, folks got into Doge via the likes of CB and Bianance, and it was only when it went mainstream on etoro that it spiked big time.
CovUpNorth
Well-Known Member
Yeh good point. Any crypto worth banging some cash on with all these drops in value???
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Deleted member 4439
Guest
I'm not a crypto investor. I'd say that currently it's not the best climate to 'buy the dip' but this could even change next week! That's the nature of the beast. Sorry, not particularly helpful!
CovUpNorth
Well-Known Member
No that’s fine. Someone on here mentioned ADA being a good investment, that is very cheap at the minute ??
clint van damme
Well-Known Member
it's about $1.55 at the moment, (not that I've been checking every 5 minute!).
You can lock stake ADA and earn interest, but even with that, I tried to stake some on Binance last night and the 90 day option was all taken, though I did manage to stake for 60 days.
I'm pretty new to it and it's a minefield, please take note of the adage 'do not spend what you can't afford to lose'.
CovUpNorth
Well-Known Member
It is indeed a minefield. Just read a report saying they feel ADA Cardano could be bigger than Facebook and Netflix??
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Deleted member 4439
Guest
Rule 1 to investing, remember that behind every report and opinion you read, including broker reports, somebody has a position.
clint van damme
Well-Known Member
they want to be! The fella behind it is Charles Hoskinson who was part of the team behind Ethereum.
Worth looking into the people behind the coin and who their partners are. Each coin also has a white paper, (Doge doesn't and still made shitloads!), worth reading the white paper(s) and getting an idea of the aims of the people behind any coin you're thinking of investing in.
But even with that, it's a minefield, and a very erratic one.
For all the talk of this coin being the next Bitcoin and that one hitting 1k my aim is to hold my three main coins long term until they hit 5 to 8 dollars and then get out, (if they ever do).
CovUpNorth
Well-Known Member
Who are your main 3 out of interest?
clint van damme
Well-Known Member
ADA, IOTA and XRP.
CovUpNorth
Well-Known Member
Are they all tipped to do good things then, I know ADA has been??
clint van damme
Well-Known Member
you'll find someone who will tip most coins. You've just got to do a bit of research and draw your own conclusions the best you can.
Perhaps best to just put a small amount in to start with and get a feel of it.
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Deleted member 4439
Guest
Crypto has broken downwards again.
clint van damme
Well-Known Member
it's carnage! Trying to resist looking!
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Deleted member 4439
Guest
I think doge will need a vet soon, whilst BTC is looking like it's going to be put in a long term care ward.
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Deleted member 4439
Guest
Had a colleague who was many Ks up on Excite Energy. I'd taken profits at 123p (about 100% per cent profit), whilst he held his and watched it go up to 440p, and continued to hold it despite wise counselling, only to see it reduce to pennies. He held it to the death.
Rules 2 and 3 of investing - always leave some profit for the next man, and love your losses.
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Deleted member 4439
Guest
Looks to be finding support. Reckon it might do a small rally, after which its all about any other noise that might come out of the banks etc.
dutchman
Well-Known Member
He's back! 
www.marketwatch.com
Elon Musk said Monday that he’s working on two fronts that could be read as bullish in the longer term for dogecoin and bitcoin.
On Monday, the Tesla chief executive tweeted that he had spoken to bitcoin BTCUSD, -1.43% miners, and that the community has committed to publishing data on their renewable-energy usage.
Monday’s tweet from Musk comes about two weeks after he halted sales using bitcoin at Tesla TSLA, +4.40% due to what he described as practices that weren’t environmentally sustainable.
“Tesla has suspended vehicle purchases using bitcoin,” Musk posted on Twitter on May 12. “We are concerned about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.”
“Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment,” he continued.
Musk’s tweets in mid-May were one of the reasons that the crypto market has been unsettled of late, market participants have argued; bitcoin has lost more than $360 billion in value since then, for example.
Musk later said that Tesla isn’t selling the company’s bitcoin cache and vowed to accept the cryptocurrency for payment “as soon as mining transitions to more sustainable energy.” Tesla held some $2.5 billion worth of bitcoin as of the end of March, according to public filings.
Meanwhile, dogecoin, the meme asset that was created in 2013 and has minted millionaires due to its stratospheric rise in 2021, was up more than 21% on Monday, changing hands at 36 cents.
The move higher came after Musk solicited help to improve dogecoin DOGEUSD, -2.71%, which is an open-source digital asset that riffs off litecoin LTCUSD, 2.05%, which itself is a fork off bitcoin.
Dogecoin, bitcoin prices climb as Elon Musk solicits help to improve meme coin, talks sustainability with miners
The crypto community has felt whipsawed by prominent technologist Elon Musk and that is not likely to change this week, with the Tesla CEO saying that he's...
www.marketwatch.com
Elon Musk said Monday that he’s working on two fronts that could be read as bullish in the longer term for dogecoin and bitcoin.
On Monday, the Tesla chief executive tweeted that he had spoken to bitcoin BTCUSD, -1.43% miners, and that the community has committed to publishing data on their renewable-energy usage.
Monday’s tweet from Musk comes about two weeks after he halted sales using bitcoin at Tesla TSLA, +4.40% due to what he described as practices that weren’t environmentally sustainable.
“Tesla has suspended vehicle purchases using bitcoin,” Musk posted on Twitter on May 12. “We are concerned about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.”
“Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment,” he continued.
Musk’s tweets in mid-May were one of the reasons that the crypto market has been unsettled of late, market participants have argued; bitcoin has lost more than $360 billion in value since then, for example.
Musk later said that Tesla isn’t selling the company’s bitcoin cache and vowed to accept the cryptocurrency for payment “as soon as mining transitions to more sustainable energy.” Tesla held some $2.5 billion worth of bitcoin as of the end of March, according to public filings.
Meanwhile, dogecoin, the meme asset that was created in 2013 and has minted millionaires due to its stratospheric rise in 2021, was up more than 21% on Monday, changing hands at 36 cents.
The move higher came after Musk solicited help to improve dogecoin DOGEUSD, -2.71%, which is an open-source digital asset that riffs off litecoin LTCUSD, 2.05%, which itself is a fork off bitcoin.
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Deleted member 4439
Guest
More tulips available on etoro
Gold still edging up
We are excited to announce that a number of new cryptoassets have arrived on the eToro investment platform. |
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Gold still edging up
Saddlebrains
Well-Known Member
I want to get into this. Not flush with cash though.
If i was to stick 50 quid onto one of these cryptocurrencies what would anyone here suggest?
If i was to stick 50 quid onto one of these cryptocurrencies what would anyone here suggest?
shmmeee
Well-Known Member
Etherium has done the best for me so far, but past performance not a guarantee etc etc
covmark
Well-Known Member
I got into Cardano at 1.60 a coin it's now at $3. Not sure how much more of an increase there'll be though. Just wish I'd banged 4k into it instead of 400.
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Wyken Sky Blue
Well-Known Member
How did you know to lump £400 on Cardano and not some other random altcoin?
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