PieFacE Posted January 9, 2018 Author VT Supporter Share Posted January 9, 2018 (edited) 13 hours ago, Genie said: From what I could tell there was a massive drop and then an almost immediate return to where things were. Mate of mine bought £800 of FLIXX right before it fell, gutted for him as he bought at $0.75, dropped to $0.62 now back to ~$0.78 Don't forget to check Sat value too. During the drop yesterday, flixxo's sat price barely changed at all. The only reason it dropped in cents was because bitcoin dropped in price. So for your mate to capitalise on that situation, he would have had to buy BTC in the drop at the perfect time. Edited January 9, 2018 by PieFacE 1 Link to comment Share on other sites More sharing options...
omariqy Posted January 9, 2018 Share Posted January 9, 2018 59 minutes ago, PieFacE said: Don't forget to check Sat value too. During the drop yesterday, flixxo's sat price barely changed at all. The only reason it dropped in cents was because bitcoin dropped in price. So for your mate to capitalise on that situation, he would have had to buy BTC in the drop at the perfect time. Does that mean every alt coin is linked to Bitcoin when withdrawing money? Link to comment Share on other sites More sharing options...
PieFacE Posted January 9, 2018 Author VT Supporter Share Posted January 9, 2018 38 minutes ago, omariqy said: Does that mean every alt coin is linked to Bitcoin when withdrawing money? Correct. Eventually they we be decoupled in my opinion. but for now, the worth of your alts is kinda in the hands of bitcoin. Though, if the USD value of Bitcoin decreases, the sat value of your alt will eventually go up to compensate for the change in value. ARK $9.50. Nice. Link to comment Share on other sites More sharing options...
omariqy Posted January 9, 2018 Share Posted January 9, 2018 Ark is booming. Trustcoin has also done very well for me. Link to comment Share on other sites More sharing options...
Genie Posted January 9, 2018 Share Posted January 9, 2018 Yeah, Ark through $10 and almost $11 before dropping back. Sad that I only have 100 now, but the FLIXX I bought with my Ark sales are doing well too Link to comment Share on other sites More sharing options...
Genie Posted January 9, 2018 Share Posted January 9, 2018 @PieFacE what do you know about DENT? I saw some talk about it being a decent longer term coin so had a small $100 punt on it at $0.10 each. Link to comment Share on other sites More sharing options...
Tayls Posted January 9, 2018 Share Posted January 9, 2018 Oooo chaps, been doing a bit of reading on Dent over past few weeks. Where abouts did you take your punt @Genie? Not don’t anything with crypto before and looking to get started somewhere. Link to comment Share on other sites More sharing options...
Genie Posted January 10, 2018 Share Posted January 10, 2018 9 hours ago, Tayls said: Oooo chaps, been doing a bit of reading on Dent over past few weeks. Where abouts did you take your punt @Genie? Not don’t anything with crypto before and looking to get started somewhere. There’s several places to buy crypto currency. The biggest and easiest seems to be Coinbase who allow you to buy currency using GBP and they have a simple app. They only sell Bitcoin, Litecoin and Ethereum. It you want to buy some other coins like Ripple, Waves, Flixxo, Dent, Ark etc you need to buy from another exachange which sells them. To do that you’ll need to send Bitcoin to the other exchange using the wallet address (a string of letters and numbers) and then use it to buy what you want. Flixxo and Dent (plus loads of others) are available on KuCoin. Ark and many others can be bought from Bittrex. 1 Link to comment Share on other sites More sharing options...
PieFacE Posted January 10, 2018 Author VT Supporter Share Posted January 10, 2018 (edited) 15 hours ago, Genie said: @PieFacE what do you know about DENT? I saw some talk about it being a decent longer term coin so had a small $100 punt on it at $0.10 each. Not sure buddy. Not really looked into it. 857m market cap, 10 billion supply of coins. Not really a fan of coins like this myself, but recently they have been pumping so could be a good buy. Kinda feels like the ship has already sailed though, but who knows... Think we're in for a market crash anyway. Bitcoin looks wobbly. Edited January 10, 2018 by PieFacE 1 Link to comment Share on other sites More sharing options...
omariqy Posted January 10, 2018 Share Posted January 10, 2018 What is the best way to sell and get GBP back into my account? Send everything back to coinbase? What are the costs like from places like Binance, Bittrex and Kucoin? Link to comment Share on other sites More sharing options...
Genie Posted January 10, 2018 Share Posted January 10, 2018 24 minutes ago, omariqy said: What is the best way to sell and get GBP back into my account? Send everything back to coinbase? What are the costs like from places like Binance, Bittrex and Kucoin? I’m very much a noob but that is my understanding, sell coins back to BTC on the exchange, send BTC Coinbase, sell back to your GBP wallet and into your bank. Probably a tonne of fees involved. Link to comment Share on other sites More sharing options...
omariqy Posted January 10, 2018 Share Posted January 10, 2018 1 hour ago, Genie said: I’m very much a noob but that is my understanding, sell coins back to BTC on the exchange, send BTC Coinbase, sell back to your GBP wallet and into your bank. Probably a tonne of fees involved. That's my worry. I need to read into what I would lose as a % going through all of that. Link to comment Share on other sites More sharing options...
PieFacE Posted January 10, 2018 Author VT Supporter Share Posted January 10, 2018 You could exchange your BTC for LTC and send that from exchange to Coinbase. It's cheaper. Not sure on the fees from Coinbase, it's something i've never done before! Link to comment Share on other sites More sharing options...
PieFacE Posted January 10, 2018 Author VT Supporter Share Posted January 10, 2018 (edited) I can't get a single accountant or financial adviser to help me with crypto. I've messaged about 25, and 15(ish) have said they don't want to advise on it, and the others have not responded. If I was an accountant I know what area I'd be looking into and trying to specialise in. Have to pay 1.2% tax in Holland for crypto, think it's about 28% here. Can see a lot of people moving there soon. Edited January 10, 2018 by PieFacE Link to comment Share on other sites More sharing options...
Stevo985 Posted January 10, 2018 VT Supporter Share Posted January 10, 2018 My mom is selling her house and downsizing, pocketing the difference on money to support her in retirement. She's after financial adviser so she can do the right thing with the money. I'd love to advise her to put some into Crypto, maybe just BTC to be "safer", but would never advise that when it's a serious chunk of cash. But would love a qualified person to be able to advise her instead Link to comment Share on other sites More sharing options...
omariqy Posted January 10, 2018 Share Posted January 10, 2018 I am Chartered Financial Adviser and I would never advise on it. It's purely speculation and only good for a small portion of your wealth to have some fun with. Everything around it is everything I am taught against - mania/bubble. Personally, I am investing a very small amount that I can have some fun with and if I lose it then it won't impact my lifestyle. I would be very wary of advising anyone putting a significant chunk of their savings into it. Blockchain is definitely the future but the actual currencies? No way - they are riding on the back of the wave and very few will succeed. The ones that do will dominate. 1 Link to comment Share on other sites More sharing options...
omariqy Posted January 10, 2018 Share Posted January 10, 2018 10 minutes ago, PieFacE said: I can't get a single accountant or financial adviser to help me with crypto. I've messaged about 25, and 15(ish) have said they don't want to advise on it, and the others have not responded. If I was an accountant I know what area I'd be looking into and trying to specialise in. Have to pay 1.2% tax in Holland for crypto, think it's about 28% here. Can see a lot of people moving there soon. CGT here is at 10% or 20% unless you are talking about property which is 18% and 28%. I wonder how long it will be before we see you being able to use your ISA or Pension to invest in Crypto. Link to comment Share on other sites More sharing options...
zak Posted January 10, 2018 Share Posted January 10, 2018 On 08/12/2017 at 16:57, zak said: I also recently got a Nano S. Was using Coinbase before, specifically the vaults rather than wallets which seem pretty good. you can only make a transaction 48h after your first request, you need 2 types if authorisation and they notify you ALOT. That 48 hours can be a trouble if you want to do something fast, obviously. Also you still have an issue if Coinbase went down or anything. I have the following: Bitcoin Bitcoin Cash Ethereum Ripple Power Ledger ARK also bought some INS coins in their current ICO Still the same as above, but opportunity cost of INS (ETH) means that will probably be costly. Been away last 3 weeks in Ireland and Cape town (got engaged there) but i left my ledger at home. Was a crazy ride. I put in 2.5y in July and then a further 1y at end of december. portfolio now worth 20y. Should probably withdraw my initial investment. Ethereum is now over half my portfolio so going to sell some of that for Melon and Neo. 2 ICOs im looking at are Gems and Fintrux although ICOs look to be alot less valuable these day and then you have the same issue as INS above. Polymath will be something to keep an eye on. Link to comment Share on other sites More sharing options...
PieFacE Posted January 10, 2018 Author VT Supporter Share Posted January 10, 2018 (edited) 1 hour ago, omariqy said: CGT here is at 10% or 20% unless you are talking about property which is 18% and 28%. I wonder how long it will be before we see you being able to use your ISA or Pension to invest in Crypto. So I started investing in May, and put about £20k in. I only have to pay 10% of how much profit I've made since? Edited January 10, 2018 by PieFacE Link to comment Share on other sites More sharing options...
PieFacE Posted January 10, 2018 Author VT Supporter Share Posted January 10, 2018 I like this picture. Shows ARK's current BTC pattern being almost identical to the previous pattern before it started its pump. If ARK goes around the 200k mark i'll probably sell half of it and then buy back on the downtrend. Link to comment Share on other sites More sharing options...
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