Rolta Posted November 11, 2021 Share Posted November 11, 2021 1 hour ago, wazzap24 said: If the GameStop NFT thing gets announced, there will still be some decent upside in the short term I think. it might not go up another 500%, but you’ll get the fomo crowd coming in. I did no research into it at all, it was literally just a play based on the rumour, but I’ve done some reading on it since and it’s not a meme coin buy any means. It could be a decent one in the long term too. I both randomly had it in my coins from a while back and then fomoed in on it yesterday with more. I need to learn to be a bit more patient. 1 Link to comment Share on other sites More sharing options...
Genie Posted November 11, 2021 Share Posted November 11, 2021 Bored of waiting for Flixxo to do something I rolled the dice and chucked a couple of grand of Flixx into SHIB. Its built on sand (as are 90% of crypto it seems) but still lots of things that could pump it up. Talk it will be listed on Kraken and Robinhood. Also some rumours that Amazon may accept it on the future. The community is insanely big. The good news is it’s up 10% today Long may it continue Link to comment Share on other sites More sharing options...
Stevo985 Posted November 18, 2021 VT Supporter Share Posted November 18, 2021 TOMO had a nice little run this week so decided to cash in. Sold my whole lot for about 2k (bought it for about £200) and that's paid for my holiday next week Might regret it long term as I think TOMO is destined for big things, but it's only the second time I've taken any profit out of my crypto rather than just buying more, so feels good to actually see real money come out of it for once. 2 Link to comment Share on other sites More sharing options...
Genie Posted November 18, 2021 Share Posted November 18, 2021 10 hours ago, Stevo985 said: TOMO had a nice little run this week so decided to cash in. Sold my whole lot for about 2k (bought it for about £200) and that's paid for my holiday next week Might regret it long term as I think TOMO is destined for big things, but it's only the second time I've taken any profit out of my crypto rather than just buying more, so feels good to actually see real money come out of it for once. Just looking at the chart, you did well if you got out about midday as it dropped about 20% after that! Nice one 1 Link to comment Share on other sites More sharing options...
Stevo985 Posted November 18, 2021 VT Supporter Share Posted November 18, 2021 2 hours ago, Genie said: Just looking at the chart, you did well if you got out about midday as it dropped about 20% after that! Nice one I sold last night at about $3.40. So not quite the peak that it hit today but close enough. If it carries on falling then I'll be very smug for a while 1 Link to comment Share on other sites More sharing options...
Genie Posted November 19, 2021 Share Posted November 19, 2021 (edited) It’s been a brutal day or 2, pretty much everything well down. It’ll bounce back, it always does. Edited November 19, 2021 by Genie 1 Link to comment Share on other sites More sharing options...
HanoiVillan Posted November 19, 2021 Share Posted November 19, 2021 4 hours ago, Genie said: It’s been a brutal day or 2, pretty much everything well down. It’ll bounce back, it always does. I know where else I've seen that today Crypto in the classroom: Lucy Kellaway on the kids’ new craze'It is registration time at a big comprehensive in Edgware, north London. Today, like every morning so far this term, the sixth form girls sit around chatting in twos and threes while most of the boys are in one large huddle. “I’m up over £100 in one day, bitches!” a boy in the centre crows. Others proclaim their gains in a conversation peppered with the words shiba inu, dogecoin and Elon Musk. Their form tutor, a recent history graduate, looks on with a growing sense of unease. “Isn’t trading cryptocurrencies just like gambling?” she asks them. More than half the boys in her class are Muslim and gambling is not something the Koran looks on kindly. The student in the middle gives her a scornful look. “Nah Miss,” he says. “It’s investing.” This boy has failed to show much interest in schoolwork over the years, but here he is, the Gordon Gekko of form 13J. He spends all his time on TikTok, Instagram and YouTube absorbing tips from dubious celebrities, which he then passes on to his disciples. God help these boys, their teacher says to me later, if they are putting their money at risk on advice from this particular student. Similar scenes are playing out in schools across the country as teenage boys — girls seem almost entirely unmoved by this latest craze — buy and sell cryptocurrencies. It is not hard to see why they have whipped themselves into such a frenzy. There is the cool language of technology and an endless drip-feed of hype on social networks. Digital currencies are thrillingly anti-government and rebellious, but the best thing about them is their promise of easy, instant money. Bitcoin has gone up from £600 to £45,000 in five years — a rise of 7,400 per cent — and to the untrained teen mind this is all the evidence needed that the rise will continue. The fact that it is also illegal for minors to trade cryptocurrencies on most platforms may add to the attraction, but either way makes no difference to the ease with which they are doing it. Some have persuaded parents or other adults, many of whom themselves are financially unsavvy, to set up accounts for them. Others buy the coin at ATMs or exchange Amazon gift cards for bitcoin. Ibrahim is 15 and is at the sensible end of the spectrum. He lives with his mum — who is strict and doesn’t let him go on social networks — and he is working hard in order to be a doctor or a pilot when he leaves school. But one evening last summer he was scrolling through videos on YouTube and came across Brian Jung, a college dropout who had just made $100,000. He got interested, and talked his mum into opening an account. “I explained cryptocurrencies to her,” he tells me. “She’s put some of her money in too.” He takes me through their portfolio. They have invested £50 in dogecoin, £180 in bitcoin and £50 in cardano; their total holding is currently worth £408. Every morning before he gets out of bed he checks his investments on his phone. Every evening he spends 15 minutes watching videos, to educate himself. I ask if he would invest on borrowed money. “No!” he says. “That would be way too risky.” What Ibrahim is doing is impressive. In just four months he has taught himself about diversification, about market volatility and transaction costs. He knows far more about cryptocurrencies than I do and in some ways is more sophisticated about investment. Yet hearing him talk I still feel anxious — he does not seem aware that he is risking sums his household may not be able to afford to lose. I ask how he would feel if the market crashed and he lost everything. “Sad,” he said, but then he added: “but that’s not going to happen — if it goes down one day, it’s going to go up again.”' more at: https://www.ft.com/content/6ff0f503-f20b-45d5-b2d3-7f93da184e8c This is just not going to end well, and I find myself absolutely torn between sympathy for people like Ibrahim and his mum on the one hand, and an absolute steely determination that I don't want the losses from this whole mess to be socialised onto me when it inevitably goes pop. 1 Link to comment Share on other sites More sharing options...
Genie Posted November 19, 2021 Share Posted November 19, 2021 It is very similar to gambling I agree and kids should be nowhere near it. I think certain elements of it will collapse, but it’ll keep plodding along. Fifa packs are another form of gambling under another name that children are hooked on which needs to be addressed. 1 Link to comment Share on other sites More sharing options...
HanoiVillan Posted November 19, 2021 Share Posted November 19, 2021 6 minutes ago, Genie said: It is very similar to gambling I agree and kids should be nowhere near it. I think certain elements of it will collapse, but it’ll keep plodding along. Fifa packs are another form of gambling under another name that children are hooked on which needs to be addressed. Yeah, the 'it's not gambling it's investing' line is very concerning to me. It just isn't investing if the thing being bought has no way of rising in value other than the trades of other market participants. You're absolutely right about Fifa packs. Link to comment Share on other sites More sharing options...
Genie Posted November 19, 2021 Share Posted November 19, 2021 1 minute ago, HanoiVillan said: Yeah, the 'it's not gambling it's investing' line is very concerning to me. It just isn't investing if the thing being bought has no way of rising in value other than the trades of other market participants. You're absolutely right about Fifa packs. People like myself and others in here are just having a roll of the dice with some spare cash but you can be certain there are people begging, stealing and borrowing to buy “tokens” that then crash because that’s what they do. People who follow so called experts on YouTube deserve what they get tbh. Nobody can predict the future, it’s built on sand. If these people knew what would happen with any kind of accuracy or success rate they’d be billionaires such is the volatility of the game. Link to comment Share on other sites More sharing options...
bobzy Posted November 19, 2021 Share Posted November 19, 2021 53 minutes ago, Genie said: It is very similar to gambling I agree and kids should be nowhere near it. I think certain elements of it will collapse, but it’ll keep plodding along. Fifa packs are another form of gambling under another name that children are hooked on which needs to be addressed. FIFA packs are a massive issue, but I don't think they're gambling in the same way. People 'investing' in cryptocurrencies are doing so to make money. That's it. FIFA packs are a purchase - you're not making anything from it, other than hoping for star players*. * - although I appreciate I know little about this. Can you "sell on" players for money? 1 Link to comment Share on other sites More sharing options...
KAZZAM Posted November 19, 2021 Share Posted November 19, 2021 1 hour ago, bobzy said: FIFA packs are a massive issue, but I don't think they're gambling in the same way. People 'investing' in cryptocurrencies are doing so to make money. That's it. FIFA packs are a purchase - you're not making anything from it, other than hoping for star players*. * - although I appreciate I know little about this. Can you "sell on" players for money? Yes u can sell Fifa cards for money or sell the card for Fifa points and sell them points for money. 1 Link to comment Share on other sites More sharing options...
KAZZAM Posted November 19, 2021 Share Posted November 19, 2021 People who trade in Crypto leverage where they are effectively guessing if Bitcoin(mainly) is gonna go up or down. Your pretty much playing a high stake higher or lower game and are clearly just gambling and nothing more. So many stories of people getting 'rekt' using leverages all because they are closet gamblers. Link to comment Share on other sites More sharing options...
villaglint Posted November 19, 2021 Share Posted November 19, 2021 14 minutes ago, KAZZAM said: People who trade in Crypto leverage where they are effectively guessing if Bitcoin(mainly) is gonna go up or down. Your pretty much playing a high stake higher or lower game and are clearly just gambling and nothing more. So many stories of people getting 'rekt' using leverages all because they are closet gamblers. Satoshi should have put this guy front and centre of the whole enterprise. Link to comment Share on other sites More sharing options...
Genie Posted November 19, 2021 Share Posted November 19, 2021 9 hours ago, Genie said: It’s been a brutal day or 2, pretty much everything well down. It’ll bounce back, it always does. It has now bounced, my holdings are 20-25% up today. Recovered everything lost in the previous 2 days. Hopefully they push on from here. Link to comment Share on other sites More sharing options...
Genie Posted November 30, 2021 Share Posted November 30, 2021 (edited) SHIB up 30% in 24 hours ahead of its listing on Kraken later today. Edited November 30, 2021 by Genie Link to comment Share on other sites More sharing options...
romavillan Posted November 30, 2021 VT Supporter Share Posted November 30, 2021 6 hours ago, Genie said: SHIB up 30% in 24 hours ahead of its listing on Kraken later today. What else do you hold apart from SHIB? Link to comment Share on other sites More sharing options...
KAZZAM Posted November 30, 2021 Share Posted November 30, 2021 7 hours ago, Genie said: SHIB up 30% in 24 hours ahead of its listing on Kraken later today. Kraken ain't even a big exchange not sure why a coin being listed on there makes any difference to its price. Especially as its listed literally everywhere else. Link to comment Share on other sites More sharing options...
romavillan Posted November 30, 2021 VT Supporter Share Posted November 30, 2021 12 minutes ago, KAZZAM said: Kraken ain't even a big exchange not sure why a coin being listed on there makes any difference to its price. Especially as its listed literally everywhere else. Yeah now on the top 10 exchanges apparently. Not on Revolut yet but it's on Binanace. SHIB if you believe some of the folk on Reddit is like 90% owned by only a few stakeholders who like a good pump and dump every now and again, but looking back it **** shot up like 1000% a while back and then has been up and down about half that value. Lots of people calling it a shit token, I've only just started reading up on this stuff myself.not finished reaading all of this but it looks a good beginners guide so far Link to comment Share on other sites More sharing options...
Genie Posted November 30, 2021 Share Posted November 30, 2021 (edited) 18 minutes ago, romavillan said: Yeah now on the top 10 exchanges apparently. Not on Revolut yet but it's on Binanace. SHIB if you believe some of the folk on Reddit is like 90% owned by only a few stakeholders who like a good pump and dump every now and again, but looking back it **** shot up like 1000% a while back and then has been up and down about half that value. Lots of people calling it a shit token, I've only just started reading up on this stuff myself.not finished reaading all of this but it looks a good beginners guide so far There’s over a million holders of SHIB now but like every other token it can easily be manipulated by pump and dump groups. I was looking through a load of coins on Coinbase the other night checking out their all time charts, nearly all of them had a spike where the price rocketed and then immediately fell back. Looked like the work of pump and dump groups. It seems like a lot of people bought today expecting a pump when it went live on Kraken but it didn’t really happen so fell back part of the way. As you say SHIB is available in most of the big exchanges now, todays trading volume over $10b which is insane. 1 hour ago, romavillan said: What else do you hold apart from SHIB? Mainly FLIXX which is doing very little but I did buy in very low on that. I also have some ETH. I bought with income from another venture a couple of years ago so it’s not proper money in my head, easy come easy go. Edited November 30, 2021 by Genie 1 Link to comment Share on other sites More sharing options...
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