[inkiboo]

“Mining” something that doesn’t exist. The world has gone mad.

[F30dud]

i wish i was more educated on mining and how it works, i'm not. The most ever mining i did was on hashflare and they exit scammed LOL or closed their mining because they couldnt face the bear market. I don't know about the equipment how much it cost, how much you make, etc.

[225]

lol some serious stuff going on!
all I know is I bought some btc a while ago made about 30 dollars profit, sold it and took a punt on tron the other day and it's made me the same already so bonus!
Any thoughts on tron? my 200 odd dollars worth I'm guessing wont make a million anytime soon?

[JD6]

Originally Posted by inkiboo

“Mining” something that doesn’t exist. The world has gone mad.

When you consider the real world effect of this mining, on CO2 emissions, it is even more crazy:

The cryptocurrency uses as much CO2 a year as 1m transatlantic flights. We need to take it seriously as a climate threat

https://www.theguardian.com/technolo...cryptocurrency

[MashinBenzin]

Originally Posted by 225

lol some serious stuff going on!
all I know is I bought some btc a while ago made about 30 dollars profit, sold it and took a punt on tron the other day and it's made me the same already so bonus!
Any thoughts on tron? my 200 odd dollars worth I'm guessing wont make a million anytime soon?

A lot of alts look reasonable, or less poor than they should, right now as they broadly track bitcoins price. As the majority of trades are with bitcoin as the currency, the true performance that needs to be considered is coinBTC not just coinUSD.

On this measure (TRXBTC), Tron looks rather good. Against this random selection of large cap altcoins, it's the only one with bullish indicators (light green). The other coins show dark pink, very bearish, across nearly every MA.

[MashinBenzin]

Originally Posted by RichMB

A lot of alts look reasonable, or less poor than they should, right now as they broadly track bitcoins price. As the majority of trades are with bitcoin as the currency, the true performance that needs to be considered is coinBTC not just coinUSD.

On this measure (TRXBTC), Tron looks rather good. Against this random selection of large cap altcoins, it's the only one with bullish indicators (light green). The other coins show dark pink, very bearish, across nearly every MA.

Thanks for drawing tron back to my attention 225. I switched a small EOS position to TRX after checking it out and posting above - seemed daft not to.

Those lightly bullish indicators might well have been on target, 4.5% up since daily close last night and the strongest of the [few] major alts that I've looked at today.

[nawz]

Anyone keeping tabs?

[Abrek]

Originally Posted by nawz

Anyone keeping tabs?

Absolutely, some excellent gains this year. Pretty sure more to come from ETH. I'm heavily invested in CoinMetro.com through their convertible bond paying 8%/11% annually and their alt coin xcm. Great things expected from the team - fully regulated with GBP, EUR and USD support.

[BMWILUVU]

Originally Posted by Abrek

Absolutely, some excellent gains this year. Pretty sure more to come from ETH. I'm heavily invested in CoinMetro.com through their convertible bond paying 8%/11% annually and their alt coin xcm. Great things expected from the team - fully regulated with GBP, EUR and USD support.

10% is great. What's the bond convertible into?

[MashinBenzin]

Originally Posted by nawz

Anyone keeping tabs?

I largely bailed with some great gains in July 2019 when there was a surge in BTC to around 13k. Most of my portfolio at that time had been picked up in the 3k-7k range iirc. Sold out of all alts and kept about 20% of my BTC.

Crystalised some losses by ditching the remainder when Corona emerged, which was incredibly dumb. Have spent the last few weeks singing lalala and covering my eyes as BTC has belted back towards 20k. I'm not watching, tell me it hasn't made it yet

At least I put the proceeds into various shares and funds which have done well, and given me less heart racing moments!

[Abrek]

Originally Posted by BMWILUVU

10% is great. What's the bond convertible into?

You have a couple of options after 2 years, most attractive is conversion to equity with valuation frozen at today's value. But you can always sell it on secondary market at any time.

[aquazi]

For the past few years I have had a few hundred in BTC on coinbase - mainly used as currency for online shopping/ online trading.. not logged in 6 months or so - and now those hundreds are thousands!

Wont do much with them - as they still serve their purpose... and if i had put them into some covid stocks back in june would have been worth more!

As a risky investment strategy i would still say AIM/ emerging stocks on the FTSE or the daq have higher reward than crypto... my mining stocks have gone up over 800% since march this year.

[Eddamoo]

Originally Posted by Abrek

Absolutely, some excellent gains this year. Pretty sure more to come from ETH. I'm heavily invested in CoinMetro.com through their convertible bond paying 8%/11% annually and their alt coin xcm. Great things expected from the team - fully regulated with GBP, EUR and USD support.

Great to see another Metroid Another +1 here for CoinMetro. Although its not seen as much 'pump' and traction of the rest to date, there is no doubt it has an incredible founder and team which I have great confidence in.

[BMWILUVU]

Originally Posted by Abrek

You have a couple of options after 2 years, most attractive is conversion to equity with valuation frozen at today's value. But you can always sell it on secondary market at any time.

I see it is convertible into the crypto coin but the coin could be worthless in several years.

[Abrek]

Originally Posted by BMWILUVU

I see it is convertible into the crypto coin but the coin could be worthless in several years.

There are two options: first and most attractive is conversion to equity like token at current valuation of €50m, if they maintain their current growth rate of 10x it will be worth much more than that in 2 years time. As a fall back you also have an option to convert it to their utility token -xcm which again will always have increasing value due to diminishing supply and tokenomics. But with crypto nothing is guaranteed so time will tell

[Eddamoo]

So BTC hit its all time high recently - exciting times. How is everyone doing... In or out, long or short?

[robbiep]

Bear in mind that the FCA have banned the sale of crypto or crypto derivatives to private investors as of January 6th 2021, and also as of that date they cannot be held in an ISA.

[Abrek]

Originally Posted by robbiep

Bear in mind that the FCA have banned the sale of crypto or crypto derivatives to private investors as of January 6th 2021, and also as of that date they cannot be held in an ISA.

Not really true, ban is only on sale of crypto derivatives from UK registered or UK acting companies, so nothing will change

[Abrek]

Originally Posted by Eddamoo

So BTC hit its all time high recently - exciting times. How is everyone doing... In or out, long or short?

Originally Posted by Eddamoo

So BTC hit its all time high recently - exciting times. How is everyone doing... In or out, long or short?

Doing pretty well, a lot of hedge funds have finally woke up to crypto and the adoption will only continue to rise, saying that price correction is due in the next few weeks as US based investors will take profits to complete tax returns by the end of January. long term prospects are great for crypto in general

[Tengocity]

Originally Posted by Eddamoo

So BTC hit its all time high recently - exciting times. How is everyone doing... In or out, long or short?

I'm doing alright. Kept in it since the last big spike and crash... always thought it would come back. There WILL be a crash at some point I am sure, it's just whether there will be a new higher floor level.

Long term it's definitely here to stay. If it wasn't then it would have died by now.

[bytejunkie]

stil got my xrp and ethereum, but took a profit a while back on the btc and was waiting for it to drop to a sensible price to go back in. what do i know1!!

[saltyamigo]

Glad I sold my XRP last month, it's taken a right tanking the last few days due to the lawsuit. Maybe time to buy back in?