Investments - Strategies, Ideas, Options & advice

Fade and Die said:
Don’t know if anyone else on here is into the Crypto markets?

I have been for about 5 years, it’s an absolute rollercoaster ride but I have made money in the past but this afternoon some Orange idiot said some magic words my “bag” has rocketed 85%…. Large profits taken! 🥳🍾🍾
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i used to during the first wave, lot of profit and then some massive paper profit.. and then just like that it all disappeard. I should have stuck with bitcoin but the gas fees and speed meant that i moved to some shills.. and then it was over
 
Mudball said:
i used to during the first wave, lot of profit and then some massive paper profit.. and then just like that it all disappeard. I should have stuck with bitcoin but the gas fees and speed meant that i moved to some shills.. and then it was over
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The whole thing is just a pump and dump scheme but that doesn't mean you cannot make money. A few times over the last five years I have sat on big paper profits but fomo of even bigger profits has stopped me from selling and I just ended up being on a round trip back to my original investment.

I was lucky in the beginning because I bought a lot of XRP after it had been delisted for 18p, this weekend I sold 18.5K of them for £2.17. This was about 45% of my holding. My next sell point will be £5. (It might never get there!)

Important to point out that the money I "invested" was a gamble, if it had turned to dust (and a few of my punts have) It would not have been the end of the world for me.
 
Fade and Die said:
The whole thing is just a pump and dump scheme but that doesn't mean you cannot make money. A few times over the last five years I have sat on big paper profits but fomo of even bigger profits has stopped me from selling and I just ended up being on a round trip back to my original investment.

I was lucky in the beginning because I bought a lot of XRP after it had been delisted for 18p, this weekend I sold 18.5K of them for £2.17. This was about 45% of my holding. My next sell point will be £5. (It might never get there!)

Important to point out that the money I "invested" was a gamble, if it had turned to dust (and a few of my punts have) It would not have been the end of the world for me.
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I had some XRP.. then i got sucked into IOTA and all that.. bought at <$2 sold at >$5... bought at $5 then stopped tracking when they were are $0.1 :)

agree gambling money.
 
I'll be the first to admit that I know virtually nothing about crypto but do wonder if there is any tangible "asset" to back up the value? Seems to me to be "emperor's new clothes" or, even worse, massive Ponsi schemes.

Happy to be corrected though :)
 
S&P 500 down almost 2% today.
VUAG down almost 5% on the back of that. I guess if youve got some money to buy in then could be some bargains to come
 
Pants said:
I'll be the first to admit that I know virtually nothing about crypto but do wonder if there is any tangible "asset" to back up the value? Seems to me to be "emperor's new clothes" or, even worse, massive Ponsi schemes.

Happy to be corrected though :)
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That's exactly what it is, its fantasy internet money. worth only what someone will pay...at the end of the day someone will be left holding an empty bag. Now the US has said they will build a Crypto reserve things might be a bit more stable, but that's not what people really want, they want Bitcoin for Pizza stories. (10000 used to purchase two pizza in 2010, the first known crypto transaction. Said bitcoin now worth £80Mil!) They want to dabble in something that could go up 600% in 3 months.
 
Fade and Die said:
That's exactly what it is, its fantasy internet money. worth only what someone will pay...at the end of the day someone will be left holding an empty bag. Now the US has said they will build a Crypto reserve things might be a bit more stable, but that's not what people really want, they want Bitcoin for Pizza stories. (10000 used to purchase two pizza in 2010, the first known crypto transaction. Said bitcoin now worth £80Mil!) They want to dabble in something that could go up 600% in 3 months.
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You just know Trump is going to pull the rug at some point, just like Elon did a few years ago when he said Tesla had bought loads of bitcoin and would accept it as payment. It shot up after that and then Tesla sold all their bitcoin.

Trump will do the exact same the first chance he gets and will claim it was a brilliant move.
 
Springveldt said:
You just know Trump is going to pull the rug at some point, just like Elon did a few years ago when he said Tesla had bought loads of bitcoin and would accept it as payment. It shot up after that and then Tesla sold all their bitcoin.

Trump will do the exact same the first chance he gets and will claim it was a brilliant move.
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They are are P&D schemes
https://twitter.com/x/status/1896691911802622115
 
Anyone happen to know that if I wanted to buy some premium bonds, could I use my local bank debit card to do it (I’m overseas just now)
And when it comes time to cash them in I’ll be back in UK & that o/s bank account wont exist, so can the receiving account be different to the one that bought them?
 
Slab said:
Anyone happen to know that if I wanted to buy some premium bonds, could I use my local bank debit card to do it (I’m overseas just now)
And when it comes time to cash them in I’ll be back in UK & that o/s bank account wont exist, so can the receiving account be different to the one that bought them?
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I've no idea, the rates on them are not great. I'd be looking to max out cash ISA first if you are looking for 0 risk.
With the deadline approaching you could get 40k in if you haven't used any allowance.
 
I use trading 212s cash ISA, it's all on line and has the FSCS guarantee of up to 85k.

As for the deadline
You can put 20k per year in, deadline is April 01 tax year , so you have a few weeks of this tax year left to put 20k in. Then as soon as the next year starts in April you can do another 20k
Current 4.5% paid monthly.
 
Sorry guys... i just bought some Palantir stocks... bloody Hargreaves L is a pathetic site when it comes to buying US stocks. Unlike my IG site, where i can leave a strike price, HL only does a market trade, so you dont know what price you can get. e.g. (on IG, i would have left a buy order for £82 and it would have kicked in when the stock dropped to $80, no such luck with HL, where it finally bought it at $89)

Now that i have bought, it will fall like a rock..
 
Mudball said:
Sorry guys... i just bought some Palantir stocks... bloody Hargreaves L is a pathetic site when it comes to buying US stocks. Unlike my IG site, where i can leave a strike price, HL only does a market trade, so you dont know what price you can get. e.g. (on IG, i would have left a buy order for £82 and it would have kicked in when the stock dropped to $80, no such luck with HL, where it finally bought it at $89)

Now that i have bought, it will fall like a rock..
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Yup down 10% since I bought it.. how typical ..
 
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