Cryptocurrencies and Bitcoin

[Shrimper95]

Would people still say that Ripple XRP is a good investment now. Looking to start off making some small investments and thinking XRP and Telcoin would be a good place to start. Thoughts?

 

[Blueronron]

Like most investments, if you are prepared to lose and accept this, then go with it

 

[Shrimper95]

Also what would be the best website to trade on? I’ve signed up with coinbase and binance but tbh I don’t really have a clue what I’m doing ?.

 

[Ricky Otto]

Anyone else back in the bitcoin game? I brought some back in may at £7.5k, gutted I missed the £3.5k in march. I think with everything that has happened and the central banks turning on their printers we'll see some big increases in bitcoin. Think it will go above its peak of £15k in the next 18 months

 

[kaymac]

Nope, wouldn’t touch it with a barge pole.

 

[rigsby]

Tulips from Amsterdam come to mind.

 

[Ricky Otto]

It will be interesting to revisit this thread over the years. JP Morgan and Goldmans have a lot of bitcoin interests in a lot of funds. The US Dollar is going to suffer massively in the next few yrs IMO. I'm not saying you guys are wrong, nobody knows. Think it would be interesting to see what the sceptics and supporters think it's position will be in a year? 5 years time? 10 years time?

 

[Ricky Otto]

Anyone else back in the bitcoin game? I brought some back in may at £7.5k, gutted I missed the £3.5k in march. I think with everything that has happened and the central banks turning on their printers we'll see some big increases in bitcoin. Think it will go above its peak of £15k in the next 18 months

Over £11k today
Bank of England have upped their QE, now at £470bn since March! that is more than the last 11 years put together! Is it any wonder people are putting faith in bitcoin and its limited supply. Once the US election is over there will be an economic stimulus there as well. Looking very much like a bull market of bitcoin is just starting.

 

[Ricky Otto]

Bitcoin hit an all time high today, over £15k now.

 

[flangejackrabbit]

The £100 I put in many years ago out of curiosity is looking a lot healthier than I ever dared anticipate!

 

[Ricky Otto]

The £100 I put in many years ago out of curiosity is looking a lot healthier than I ever dared anticipate!

How many years ago? Do tell, I love hearing how much early adopters made

 

[flangejackrabbit]

How many years ago? Do tell, I love hearing how much early adopters made

It was sometime in 2012 or 2013 and the exchange rate was about £100 I think - was very volatile at the time. I cashed in about half of it back about three years ago as I had a large unplanned expense but what remains must be just under £7k now, I will have to check. I don't really view it as a sensible investment I have to say, it was just a curio for me and I'm not convinced of it being anything other than a bubble.

Edit: looks like it was 2013!

 

[Ricky Otto]

It was sometime in 2012 or 2013 and the exchange rate was about £100 I think - was very volatile at the time. I cashed in about half of it back about three years ago as I had a large unplanned expense but what remains must be just under £7k now, I will have to check. I don't really view it as a sensible investment I have to say, it was just a curio for me and I'm not convinced of it being anything other than a bubble.

Lovely for a speculative investment!
Question is will you cash out if you believe this is a bubble? What level have you set as a cash out?

 

[flangejackrabbit]

Lovely for a speculative investment!
Question is will you cash out if you believe this is a bubble? What level have you set as a cash out?

To be honest I'm not sure, as I didn't really view it as an investment at the time I almost don't view the money as real. I may dip in for a thousand or so of it this winter.

 

[davewebbsbrain]

Bitcoin hit an all time high today, over £15k now.

The other crypto coins seem to follow the rise and fall of Bitcoin. Was very bullish a couple of weeks ago. XRP rose to about 80 cents but dropped again, just starting to pick up this evening.

I hope soon that Ripple Blockchain is used instead of Swift for faster payments which will allow XRP to break free from Bitcoin chain. I know Santander are well in with Ripple. Hopefully others will follow and XRP will really fly

 

[Ricky Otto]

The other crypto coins seem to follow the rise and fall of Bitcoin. Was very bullish a couple of weeks ago. XRP rose to about 80 cents but dropped again, just starting to pick up this evening.

I hope soon that Ripple Blockchain is used instead of Swift for faster payments which will allow XRP to break free from Bitcoin chain. I know Santander are well in with Ripple. Hopefully others will follow and XRP will really fly

Seeing ripple is in big trouble, I'm seeing quite a few reports predicting $0.10 by mid Jan.

 

[davewebbsbrain]

Seeing ripple is in big trouble, I'm seeing quite a few reports predicting $0.10 by mid Jan.

SEC has filed a lawsuit on 22nd of December against Ripple claiming that it is an unregistered securities offering. This is causing most recent price drop for that may continue for some time. The fact the Santander etc have shown a big interest in ripple as a successor to Swift I think means all will be good in the long run

 

[flangejackrabbit]

To be honest I'm not sure, as I didn't really view it as an investment at the time I almost don't view the money as real. I may dip in for a thousand or so of it this winter.

I did cash out about 1350 which is needed as my living expenses have increased a bit in the current situation.

 

[Ricky Otto]

Out of interest has anyone's opinions changed on crypto?

 

[Ricky Otto]

SEC has filed a lawsuit on 22nd of December against Ripple claiming that it is an unregistered securities offering. This is causing most recent price drop for that may continue for some time. The fact the Santander etc have shown a big interest in ripple as a successor to Swift I think means all will be good in the long run

XRP has bounced back nicely for you