Genie Posted January 3, 2021 Share Posted January 3, 2021 My investments are showing as being worth more than I paid but the liquidity is really low so it’s an unrealistic valuation. I’m hoping a load of people pile in like they did 3-4 years back. Link to comment Share on other sites More sharing options...
lapal_fan Posted January 5, 2021 Share Posted January 5, 2021 On 03/01/2021 at 19:31, Genie said: My investments are showing as being worth more than I paid but the liquidity is really low so it’s an unrealistic valuation. I’m hoping a load of people pile in like they did 3-4 years back. Loads won't at the current price, because they'll struggle to see it grow from here, after the initial boom, you rarely get many more, it all evens out over time because people know other people sell when it gets to a point. Bitcoin is weird. 1 Link to comment Share on other sites More sharing options...
Rds1983 Posted January 5, 2021 VT Supporter Share Posted January 5, 2021 On 03/01/2021 at 19:31, Genie said: My investments are showing as being worth more than I paid but the liquidity is really low so it’s an unrealistic valuation. I’m hoping a load of people pile in like they did 3-4 years back. I think it depends what you're holding. I struggled to get a good price for altcoins when I consolidated but then sold the BTC quickly for about £24.5k and was able to basically get my initial investment back. After a BTC run like this you would expect an alt season coming next which would make a lot, but as Lalal says who knows as crypto is weird (why I'm glad to have less riding on it and anything that comes is now just a bonus). Link to comment Share on other sites More sharing options...
Rds1983 Posted January 5, 2021 VT Supporter Share Posted January 5, 2021 6 hours ago, lapal_fan said: Loads won't at the current price, because they'll struggle to see it grow from here, after the initial boom, you rarely get many more, it all evens out over time because people know other people sell when it gets to a point. Bitcoin is weird. Seeing this boom does give me a lot more confidence that if it crashes back down to 5 or 6k again that at some point it'll shoot back up. I'd happily buy back in again. Link to comment Share on other sites More sharing options...
Genie Posted January 5, 2021 Share Posted January 5, 2021 1 minute ago, Rds1983 said: I think it depends what you're holding. I struggled to get a good price for altcoins when I consolidated but then sold the BTC quickly for about £24.5k and was able to basically get my initial investment back. After a BTC run like this you would expect an alt season coming next which would make a lot, but as Lalal says who knows as crypto is weird (why I'm glad to have less riding on it and anything that comes is now just a bonus). That’s the hope. BTC grabs the headlines and then people go looking for new value in the alts... let’s see. 1 Link to comment Share on other sites More sharing options...
bobzy Posted January 6, 2021 Share Posted January 6, 2021 I cashed out my BTC when it hit £21k - which, in hindsight, was the wrong call Yesterday, though, I thought I'd try out some "day trading" to see if you can actually take advantage of the silliness surrounding crypto right now. I 'tested' it out on Stellar Lumens (which seem to be doing well generally). Have traded out maybe 3 or 4 times - incurring quite large fees on Coinbase - and have still moved from £600 yesterday morning to £710.55 now. Silly. Link to comment Share on other sites More sharing options...
Genie Posted January 7, 2021 Share Posted January 7, 2021 ETH going extremely well at the moment too, up to around £900 Link to comment Share on other sites More sharing options...
bobzy Posted January 7, 2021 Share Posted January 7, 2021 Bitcoin absolutely flying. Up £4k from 9am today. 1 Link to comment Share on other sites More sharing options...
PieFacE Posted January 8, 2021 Author VT Supporter Share Posted January 8, 2021 Link to comment Share on other sites More sharing options...
bobzy Posted January 8, 2021 Share Posted January 8, 2021 On Christmas Eve, one Bitcoin was worth £17,231.27 - now, one is worth £30,681.05. Crazy. Link to comment Share on other sites More sharing options...
Rds1983 Posted January 8, 2021 VT Supporter Share Posted January 8, 2021 36 minutes ago, bobzy said: On Christmas Eve, one Bitcoin was worth £17,231.27 - now, one is worth £30,681.05. Crazy. Even more annoyed Santa didn't give me the full BTC I asked for now! Link to comment Share on other sites More sharing options...
bobzy Posted January 11, 2021 Share Posted January 11, 2021 From £30k yesterday morning to £24k now. Looks like BTC is crashing. Link to comment Share on other sites More sharing options...
Genie Posted January 13, 2021 Share Posted January 13, 2021 Quote We've all been there - brain fog makes us forget our password and after eight frantic attempts, we have just two left. That's the situation for programmer Stefan Thomas but the stakes are higher than most - the forgotten password will let him unlock a hard drive containing $240m (£175m) worth of Bitcoin. His plight, reported in the New York Times, has gone viral. Ex-Facebook security head Alex Stamos has offered to help - for a 10% cut. Mr Thomas, who was born in Germany but lives in San Francisco, was given 7,002 bitcoins as payment for making a video explaining how cryptocurrency works more than a decade ago. At the time, they were worth a few dollars each. He stored them in an IronKey digital wallet on a hard drive. And he wrote the password on a piece of paper he has lost. Own bank After 10 failed attempts, the password will encrypt itself, making the wallet impossible to access. Perhaps unsurprisingly, the dilemma has put him off cryptocurrencies. He told the New York Times: "The whole idea of being your own bank - let me put it this way, do you make your own shoes?" "The reason we have banks is that we don't want to deal with all those things that banks do." media captionBitcoin explained: How do crypto-currencies work? Locked out Mr Stamos, who is now professor at the Stanford Internet Observatory, tweeted Mr Thomas: "Um, for $220m in locked-up Bitcoin, you don't make 10 password guesses but take it to professionals to buy 20 IronKeys and spend six months finding a side channel or uncapping. "I'll make it happen for 10%. "Call me." Story Link to comment Share on other sites More sharing options...
omariqy Posted January 15, 2021 Share Posted January 15, 2021 Tidying up my crypto and it seems I no longer have access to my flixx on kucoin or my trst on bittrex Link to comment Share on other sites More sharing options...
Rds1983 Posted January 15, 2021 VT Supporter Share Posted January 15, 2021 On 13/01/2021 at 19:40, Genie said: Story I'll see your £175m and raise you... https://amp.theguardian.com/uk-news/2021/jan/14/man-newport-council-50m-helps-find-bitcoins-landfill-james-howells "James Howells offers to share 25% of the £200m he claims is on hard drive he accidentally threw out in 2013. A computer engineer who claims he accidentally threw away a hard drive containing a virtual currency worth tens of millions of pounds has promised to give a local council a quarter of the fortune if they help him dig it out of a rubbish tip. James Howells, 35, says the hard drive of his old laptop contains bitcoins worth about £200m but is languishing in a landfill site in Newport, south Wales. Howells says both he and the council will benefit if they allow him to dig for it but the local authority is refusing, claiming an excavation would break licensing regulations and cause environmental damage. " Link to comment Share on other sites More sharing options...
Tegis Posted February 14, 2021 VT Supporter Share Posted February 14, 2021 Yeah, sold a bit early 1 Link to comment Share on other sites More sharing options...
Genie Posted February 15, 2021 Share Posted February 15, 2021 21 hours ago, Tegis said: Yeah, sold a bit early You’ll never buy at the bottom, or sell at the top... if you made your money then you won. 1 Link to comment Share on other sites More sharing options...
villarule123 Posted February 16, 2021 VT Supporter Share Posted February 16, 2021 I was on the verge of buying 1 coin @£15k a year or two ago, and can remember thinking it would be interesting to buy a few @£100 waaaaay back. I don't have too many regrets with the £15k one, it would have been the majority of my savings gone on what was effectively a bet, and the £100 one I was never close to doing and I assume there are millions of people like me who could look back on a similar chance. Hindsight and all that.. Link to comment Share on other sites More sharing options...
Stevo985 Posted February 16, 2021 VT Supporter Share Posted February 16, 2021 7 hours ago, villarule123 said: I was on the verge of buying 1 coin @£15k a year or two ago, and can remember thinking it would be interesting to buy a few @£100 waaaaay back. I don't have too many regrets with the £15k one, it would have been the majority of my savings gone on what was effectively a bet, and the £100 one I was never close to doing and I assume there are millions of people like me who could look back on a similar chance. Hindsight and all that.. yeah you shouldn't be investing a massive chunk of your savings like that. Even though in retrospect you'd have made loads, there's too much uncertainty in crypto to be putting in what you can't afford to lose. The £100 would have been amazing though! Link to comment Share on other sites More sharing options...
Rds1983 Posted February 17, 2021 VT Supporter Share Posted February 17, 2021 One of my cousin's (always a ridiculously jammy git) bought 4 coins at just above £200 each. Knew nothing about crypto and did it because a friend recommended to. Sold 3 of them for £17k each on the last bullrun. Dunno if he still has the last one. Link to comment Share on other sites More sharing options...
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