Is anyone else starting to become a bit excited?

Dohnjoe

Jackben75 wrote: »

the only way is up, heading for 50k over the next couple of years if not sooner, you can probably put Dot in there too, btc heading for 100k this year. The markets are transformed, i wouldn't expect another long term bear market going forward.

The comments in 2017 were identical. I don't know if Eth will ever be $100 again or BTC $4000, but there will most certainly be a proper bear market.

F**king Hell Matic!

At three different points in the last couple of days I almost bought in, but thought 'Nah, wait for the dip, this can't keep going'.

nathan99

Jackben75 wrote: »

the only way is up, heading for 50k over the next couple of years if not sooner, you can probably put Dot in there too, btc heading for 100k this year. The markets are transformed, i wouldn't expect another long term bear market going forward.

I also think we have upside in the future , it would be naive to think there would not be another bear market. dont over expose yourself and have fun

Jafin

Deleted User wrote: »

F**king Hell Matic!

At three different points in the last couple of days I almost bought in, but thought 'Nah, wait for the dip, this can't keep going'.

Buy some, then the dip will come. I can almost guarantee it. :P

HGVRHKYY

nathan99 wrote: »

I also think we have upside in the future , it would be naive to think there would not be another bear market. dont over expose yourself and have fun

Oh we're way past that now

Graham

Just out of curiosity I've been watching BTC movement against a few EWT charts since midday today.

This one has been pretty close so far...

Rob2D

Graham wrote: »

Just out of curiosity I've been watching BTC movement against a few EWT charts since midday today.

This one has been pretty close so far...

It should happen by all accounts it seems. I kinda wish it would so we can just get on with it already.

Graham

Rob2D wrote: »

I kinda wish it would so we can just get on with it already.

+1

Mrlouth

Any recommendation for a beginner what to buy? I currently have a lot of stock but the growth is very slow. Any advice would be appreciated

One More Toy

Mrlouth wrote: »

Any recommendation for a beginner what to buy? I currently have a lot of stock but the growth is very slow. Any advice would be appreciated

All in DOGE!

jimmii

Mrlouth wrote: »

Any recommendation for a beginner what to buy? I currently have a lot of stock but the growth is very slow. Any advice would be appreciated

Depends how far away from sensible you want to get! If you want to stay within sight of sensible then just stick to the big guns if you want to go full Elon back up the truck and fill her full of doge. A basket of the bigger coins with a few punts is what a lot of people do. Make sure you are prepared for the variance though getting in just to get cold feet at the first 10% drop is not going to work out well. A read through the last few pages gives a feel for the type of non-obvious picks people are on right now.

weemcd

Mrlouth wrote: »

Any recommendation for a beginner what to buy? I currently have a lot of stock but the growth is very slow. Any advice would be appreciated

Check out @sheldon_sniper on twitter. He's pretty solid, he's also on a YouTube channel where he goes over some charts etc.

If you go to the YouTube channel its Crypto Banter, but the host Ran is a bit of a pub talker. I'd probably ignore his advice and just solely go by the calls Sheldon makes. I think Sheldon will eventually have his own channel/platform, which I'd prefer.

They'll go over zones to buy, zones to sell and where to place stop losses etc.

Folks, am new to crypto. I'm not interested in getting into it in any big way, but was thinking of dripping my spare change into it over a year or so for the craic (think spare change from revolut). We are talking fairly modest/trivial funds here, probably fifty quid or so a month (give or take 10 or 20), but it would never be an exact consistent figure.

I've been doing some reading and it seems Binance is the cheapest rates wise, so I have signed up there. My impression is that I can lodge money from revolut with no fees, and the only fees I will incur will be the fairly modest ones when purchasing (and if/when I sell). I had been planning just to use revolut for crypto, but that seems a fair bit more expensive.

I was thinking of putting the money into Bitcoin and ETH at a 2:1 ratio. Because the amounts involved are so modest, I intend just leaving them in the Binance exchange (i.e. not withdrawing into a wallet or whatever).

Have I overlooked anything obvious here? I know the sums involved are trivial compared to some, but my goal here is just to have a bit of craic and maybe grow my spare change a bit, if it all gets lost so be it.

Raelynn Scruffy Pushcart

Raelynn Scruffy Pushcart wrote: »

Folks, am new to crypto. I'm not interested in getting into it in any big way, but was thinking of dripping my spare change into it over a year or so for the craic (think spare change from revolut). We are talking fairly modest/trivial funds here, probably fifty quid or so a month (give or take 10 or 20), but it would never be an exact consistent figure.

I've been doing some reading and it seems Binance is the cheapest rates wise, so I have signed up there. My impression is that I can lodge money from revolut with no fees, and the only fees I will incur will be the fairly modest ones when purchasing (and if/when I sell). I had been planning just to use revolut for crypto, but that seems a fair bit more expensive.

I was thinking of putting the money into Bitcoin and ETH at a 2:1 ratio. Because the amounts involved are so modest, I intend just leaving them in the Binance exchange (i.e. not withdrawing into a wallet or whatever).

Have I overlooked anything obvious here? I know the sums involved are trivial compared to some, but my goal here is just to have a bit of craic and maybe grow my spare change a bit, if it all gets lost so be it.

If craic is a priority, I'd invest a small punt into DOGE and watch it bounce whenever Elon Musk tweets

weemcd

weemcd wrote: »

Check out @sheldon_sniper on twitter. He's pretty solid, he's also on a YouTube channel where he goes over some charts etc.

If you go to the YouTube channel its Crypto Banter, but the host Ran is a bit of a pub talker. I'd probably ignore his advice and just solely go by the calls Sheldon makes. I think Sheldon will eventually have his own channel/platform, which I'd prefer.

They'll go over zones to buy, zones to sell and where to place stop losses etc.

Just to give some contrast to this, I've never heard of sheldon_sniper so I don't know exactly what he does but briefly skimming his twitter...

I think TA is bull****. It is a contentious subject at best. If we are talking about drawing lines on graphs with no other inputs taken into account, then its complete horse**** imo. It's the definition of gambler's fallacy; making connections between unconnected events. I know a few people who work in trader firms and they think its nonsense too so that's good enough for me. Not having a go at you weemcd, just want beginners to know that there are very different opinions on TA.

wotzgoingon

I'm done with crypto. Sold the lot. I should really unsubscribe to this thread as I keep reading each new post and makes you want to put money back into it. And my brother living in America doesn't help either he told me his friend made 50 grand supposedly.

iba

Raelynn Scruffy Pushcart wrote: »

Folks, am new to crypto. I'm not interested in getting into it in any big way, but was thinking of dripping my spare change into it over a year or so for the craic (think spare change from revolut). We are talking fairly modest/trivial funds here, probably fifty quid or so a month (give or take 10 or 20), but it would never be an exact consistent figure.

I've been doing some reading and it seems Binance is the cheapest rates wise, so I have signed up there. My impression is that I can lodge money from revolut with no fees, and the only fees I will incur will be the fairly modest ones when purchasing (and if/when I sell). I had been planning just to use revolut for crypto, but that seems a fair bit more expensive.

I was thinking of putting the money into Bitcoin and ETH at a 2:1 ratio. Because the amounts involved are so modest, I intend just leaving them in the Binance exchange (i.e. not withdrawing into a wallet or whatever).

Have I overlooked anything obvious here? I know the sums involved are trivial compared to some, but my goal here is just to have a bit of craic and maybe grow my spare change a bit, if it all gets lost so be it.

I believe you have everything covered. BTC is a store of value. What I might suggest is stake the Eth you buy which means that you basically earn interest on what you have bought. Other coins though you might want to consider instead of Eth are DOT, VE Chain, Egld, Zil, ADA, DIA, Audious, GRT and COMP to name a few. This is not financial advice.

weemcd

[Deleted User] wrote: »

Just to give some contrast to this, I've never heard of sheldon_sniper so I don't know exactly what he does but briefly skimming his twitter...

I think TA is bull****. It is a contentious subject at best. If we are talking about drawing lines on graphs with no other inputs taken into account, then its complete horse**** imo. It's the definition of gambler's fallacy; making connections between unconnected events. I know a few people who work in trader firms and they think its nonsense too so that's good enough for me. Not having a go at you weemcd, just want beginners to know that there are very different opinions on TA.

I'll agree with you there, TA is no science, very open to interpretation. As a beginner myself, my friends who have more experience than me have found that person to be helpful.

Everyone is different, but as a beginner this has at least let me look at a few aspects with regards to taking profit and setting stops etc.

Everyone will do everything differently and no two traders are the same. Everyone should do their own due diligence and only put in what they are essentially prepared to lose. I hope everyone finds a way that works best for them.

Graham

Rob2D wrote: »

It should happen by all accounts it seems. I kinda wish it would so we can just get on with it already.

Not today by the look of it :pac:

patnor1011

Raelynn Scruffy Pushcart wrote: »

Folks, am new to crypto. I'm not interested in getting into it in any big way, but was thinking of dripping my spare change into it over a year or so for the craic (think spare change from revolut). We are talking fairly modest/trivial funds here, probably fifty quid or so a month (give or take 10 or 20), but it would never be an exact consistent figure.

I've been doing some reading and it seems Binance is the cheapest rates wise, so I have signed up there. My impression is that I can lodge money from revolut with no fees, and the only fees I will incur will be the fairly modest ones when purchasing (and if/when I sell). I had been planning just to use revolut for crypto, but that seems a fair bit more expensive.

I was thinking of putting the money into Bitcoin and ETH at a 2:1 ratio. Because the amounts involved are so modest, I intend just leaving them in the Binance exchange (i.e. not withdrawing into a wallet or whatever).

Have I overlooked anything obvious here? I know the sums involved are trivial compared to some, but my goal here is just to have a bit of craic and maybe grow my spare change a bit, if it all gets lost so be it.

If you want to try to hodl then send whatever you can spare to binance, buy desired coin but I would suggest to transfer them to your own wallet once you accumulate some. I know exchanges are fairly stable and binance is one of the biggest one but still if it is not in your wallet then it is not yours entirely. However there is a way as other poster mentioned of locking out some funds - staking and earning interest.
If you do want to have fun and try to trade maybe something like their own coin like BNB. You can do it either by sitting and staring on screen to try to move with the flow or fire and forget way where you set your price, make order and come back to check once in a while. Buy low sell higher that sort of a thing.

iba

iba wrote: »

I believe you have everything covered. BTC is a store of value. What I might suggest is stake the Eth you buy which means that you basically earn interest on what you have bought. Other coins though you might want to consider instead of Eth are DOT, VE Chain, Egld, Zil, ADA, DIA, Audious, GRT and COMP to name a few. This is not financial advice.

Very interesting about the staking bit. Is there a write up on it somewhere you might suggest?

ShaneU

Doge is going to skyrocket after Musk is on SNL isn't it.

patnor1011

Raelynn Scruffy Pushcart wrote: »

Very interesting about the staking bit. Is there a write up on it somewhere you might suggest?

Try to read about it on their own website. There is too much info even for my liking but the more you read on it the more you will know. I may try it myself but for now I am just having way too much of a fun trying to get it right on bnb/usdt pair lol

HGVRHKYY

wotzgoingon wrote: »

I'm done with crypto. Sold the lot. I should really unsubscribe to this thread as I keep reading each new post and makes you want to put money back into it. And my brother living in America doesn't help either he told me his friend made 50 grand supposedly.

I couldn't cope with standing on the sidelines for what's coming later this year, but if you're happy with your profit already then congrats. You can always start DCAing during the next crash and bear cycle anyway for the 2024/2025 cycle

patnor1011

HGVRHKYY wrote: »

I couldn't cope with standing on the sidelines for what's coming later this year, but if you're happy with your profit already then congrats. You can always start DCAing during the next crash and bear cycle anyway for the 2024/2025 cycle

I was happy several times in the last 10 years. Now I wish I would not. Every time I look at few things I purchased when I was happy, I get nausea and a bout of depression. Happiness can turn very sour over time... Schitt happens lol.

Jeff2

Strange huge jump in BTC at 9.05pm and then dump.

Graham

Jeff2 wrote: »

Strange huge jump in BTC at 9.05pm and then dump.

Whales playing BTC ping pong leaving a trail of liquidated positions around them?

Rob2D

Graham wrote: »

Whales playing BTC ping pong leaving a trail of liquidated positions around them?

No. Apparently that Facebook buy rumour got louder and louder and then it was found that no actually, they didn't buy BTC.

Graham

Rob2D wrote: »

No. Apparently that Facebook buy rumour got louder and louder and then it was found that no actually, they didn't buy BTC.

That makes sense, I'd forgotten that rumour had been doing the rounds today.

We could be back on track for that drop yet.

Lorne Malvo

Guys; Thinking of trading same $ value BTC for Eth. Would I be liable for CGT?

dougal0691

Lorne Malvo wrote: »

Guys; Thinking of trading same $ value BTC for Eth. Would I be liable for CGT?

yes, if you have made a gain on the bitcoin you owe tax on that gain

Father Hernandez

Ethereum ATH 3rd day in a row.

dougal0691

Father Hernandez wrote: »

Ethereum ATH 3rd day in a row.

ETH/BTC ratio at its highest since mid 2018 as well. hopefully it can keep pushing on and we can start talking about the flippening again.

Thargor

At the current BTC price a return to the ATH in the BTC/ETH ratio would have ETH worth around $6k.

Rob2D

Imagine if Facebook said: "no we didn't buy BTC......................WE BOUGHT ETH!!!!!" :pac::pac::pac:

mdmix

Raelynn Scruffy Pushcart wrote: »

Folks, am new to crypto. I'm not interested in getting into it in any big way, but was thinking of dripping my spare change into it over a year or so for the craic (think spare change from revolut). We are talking fairly modest/trivial funds here, probably fifty quid or so a month (give or take 10 or 20), but it would never be an exact consistent figure.

I've been doing some reading and it seems Binance is the cheapest rates wise, so I have signed up there. My impression is that I can lodge money from revolut with no fees, and the only fees I will incur will be the fairly modest ones when purchasing (and if/when I sell). I had been planning just to use revolut for crypto, but that seems a fair bit more expensive.

I was thinking of putting the money into Bitcoin and ETH at a 2:1 ratio. Because the amounts involved are so modest, I intend just leaving them in the Binance exchange (i.e. not withdrawing into a wallet or whatever).

Have I overlooked anything obvious here? I know the sums involved are trivial compared to some, but my goal here is just to have a bit of craic and maybe grow my spare change a bit, if it all gets lost so be it.

Statistically Monday is the best day to buy bitcoin and Friday is the best time to buy Ethereum.

Graham

Rob2D wrote: »

Imagine if Facebook said: "no we didn't buy BTC......................WE BOUGHT ETH!!!!!" :pac::pac::pac:

DOGE would be much more fun if only to see Musk's reaction

patnor1011

Graham wrote: »

DOGE would be much more fun if only to see Musk's reaction

Trading in general lost any sense of predictability a while ago. I will not go to doge as what Musk is doing with it is what McAfee did with various alt coins weekly a while ago. I despised the guy as what he did was giving altcoins a bad name. Big old fashioned pump and dump. Only way to make money on doge is to wait and watch it to go down and then get some and set sale order and hope Elon tweet some picture or something and crazies move in. It may work few times but at the end of it, when they stop milking crazies you may be left with a bag of coins with no value or use other than telling stories to your grandchildren or amusing pub regulars about how you nearly got rich...

SummerK

It seems like a minor correction is coming in BTC and alt coins. Weekend might be a good time to accumulate.

iba

Graham wrote: »

DOGE would be much more fun if only to see Musk's reaction

Musk's messages are often cryptic. I'm not convinced he is tweeting about DOGE at all.

iba

SummerK wrote: »

It seems like a minor correction is coming in BTC and alt coins. Weekend might be a good time to accumulate.

There are 6 billion USD options on BTC expiring tomorrow betting on higher or lower on 54k USD

Theman343

iba wrote: »

There are 6 billion USD options on BTC expiring tomorrow betting on higher or lower on 54k USD

What do you think ? Will it go lower ?😄

Theman343

iba wrote: »

There are 6 billion USD options on BTC expiring tomorrow betting on higher or lower on 54k USD

What do you think ? Will it go lower ?😄

Lorne Malvo

dougal0691 wrote: »

yes, if you have made a gain on the bitcoin you owe tax on that gain

Thanks; how about going from eth/btc to stable and then to fiat...is CGT due on both transactions?

Jeff2

Lorne Malvo wrote: »

Thanks; how about going from eth/btc to stable and then to fiat...is CGT due on both transactions?

Capital gains tax is on any gain you make no matter what way you make it.

Each transaction is included.

iba

Theman343 wrote: »

What do you think ? Will it go lower ?��

Just reading this now:

At the moment, both calls and puts appear virtually balanced. Considering that a $100 million to $150 million difference is likely not enough to incentivize either side to pressure the price, thus this monthly expiry may be 'uneventful.'

Jeff2

XRP and XLM holding up well.

The charts don't show it all.
I hope ETH goes low to buy price.

I can see crash this weekend.

Mellor

Lorne Malvo wrote: »

Thanks; how about going from eth/btc to stable and then to fiat...is CGT due on both transactions?

CGT is owed on profits not transactions.

The stable coin > fiat rate is goign to be largely stable. So there's only going to be profit on the first transaction. So no CGT on the stable to fiat.

weemcd

Jeff2 wrote: »

XRP and XLM holding up well.

The charts don't show it all.
I hope ETH goes low to buy price.

I can see crash this weekend.

XRP volume is huge. One to watch today with the ripple case, I could see big swings.

Rob2D

XRP is going to absolutely rip a 100x overnight someday. It just can't until that stupid lawsuit is officially over.