Personally I much prefer Pete's stock tips to the other stuff that's followed. There's plenty of hand-wringing about the pros and cons of investing elsewhere
My apologies if I came across as dismissive, shouldn’t post before lunch. But what I find frustrating about such posts as the Breedlove one is that they are unnecessary. Economics (and I assume finance) is a pretty standardised field...Anyhow, here are two divergent views of Bitcoin, one from Bloomberg writer Noah Smith, the other from economist Nouriel Roubini. I lean more to the later than the former, but I found Smith’s argument worth reading. Your position will probably be the exact opposite!https://noahpinion.substack.com/p/triumph-of-the-hodlershttps://www.ft.com/content/9be5ad05-b17a-4449-807b-5dbcb5ef8170
Adam ive absolutely no problem with you disagreeing with me. Although the critique of my comments and the assumption that im wrong because I dont understand is really tiresome.
On risk I just don't get why your latest sure thing isn't already priced in on that share price unless you have insider information. How do you research something many others can't. I know clever people who gave up ordinary work and trade successfully for a living ....they would never promote stuff the way you do and they sweat the risk a bit as with leverage and very bad luck it could be their home on the line.History has shown the big players can and do play dirty but their main advantage is much more mundane they can have nano second options running constantly to maximise gain and subsequent super fast escape routes on any sudden downturn.
There are risks when investing and my primary return on my wall is a fucked shoulder
Pete, any thoughts on Aluminium Ion batteries?
Nothing useful to add, but your post reminded me I bought some ethereum about a year ago so had a quick look at my crypto wallet and realised I've made a 1450% gain on it The initial purchase wasn't any serious money though so sadly retirement is still a way off.
I'm wondering about using StableCoins (Algorand etc.) as a store when "out" of trades, rather than going back to GBP to save on fees. You get 6% return in coinbase for any stored ALG.
Quote from: Fultonius on May 05, 2021, 05:40:37 pmI'm wondering about using StableCoins (Algorand etc.) as a store when "out" of trades, rather than going back to GBP to save on fees. You get 6% return in coinbase for any stored ALG.ALGO likely to be popular with newcoiners using Cbase so its probably a safe bet, seems to be still the most popular on-ramp. Check out Blockfi if you're looking for interest on stablecoins, 9.3% APY on USDT and you can elect into which currency your paid (ETH, BTC, LINK etc). Terrible for trades though you will lose >2% on the spread easily. Alternatively you can use an exchange with lower fees(FTX - who also have lending/staking).
Quote from: CrimpyMcCrimpface on May 05, 2021, 06:30:49 pmQuote from: Fultonius on May 05, 2021, 05:40:37 pmI'm wondering about using StableCoins (Algorand etc.) as a store when "out" of trades, rather than going back to GBP to save on fees. You get 6% return in coinbase for any stored ALG.ALGO likely to be popular with newcoiners using Cbase so its probably a safe bet, seems to be still the most popular on-ramp. Check out Blockfi if you're looking for interest on stablecoins, 9.3% APY on USDT and you can elect into which currency your paid (ETH, BTC, LINK etc). Terrible for trades though you will lose >2% on the spread easily. Alternatively you can use an exchange with lower fees(FTX - who also have lending/staking). Yup, I just sold my ETH (nice gains to help with house down payment in not too distant future) and have it safely in USDC earning a steady 8.6%. Gimme a shout if anyone wants a Blockfi referral code
I didn't think it mattered what year you sell in? Capital Gains Allowance is £12,300 though, so you need to be making a lot before you have to pay it.
Quote from: Coops_13 on May 05, 2021, 09:49:17 pmQuote from: CrimpyMcCrimpface on May 05, 2021, 06:30:49 pmQuote from: Fultonius on May 05, 2021, 05:40:37 pmI'm wondering about using StableCoins (Algorand etc.) as a store when "out" of trades, rather than going back to GBP to save on fees. You get 6% return in coinbase for any stored ALG.ALGO likely to be popular with newcoiners using Cbase so its probably a safe bet, seems to be still the most popular on-ramp. Check out Blockfi if you're looking for interest on stablecoins, 9.3% APY on USDT and you can elect into which currency your paid (ETH, BTC, LINK etc). Terrible for trades though you will lose >2% on the spread easily. Alternatively you can use an exchange with lower fees(FTX - who also have lending/staking). Yup, I just sold my ETH (nice gains to help with house down payment in not too distant future) and have it safely in USDC earning a steady 8.6%. Gimme a shout if anyone wants a Blockfi referral code Did you buy the ETH this year? You get stung for CGT if you buy and sell within the same year don't you?
I don't trade cryptos themselves for a couple of reasons - faff with wallets
Quote from: remus on May 05, 2021, 05:55:21 pmNothing useful to add, but your post reminded me I bought some ethereum about a year ago so had a quick look at my crypto wallet and realised I've made a 1450% gain on it The initial purchase wasn't any serious money though so sadly retirement is still a way off.