[ajfoggy]

What do I need to know and should I buy some??

[....,,,,..,,..]

I would really do so research first, read up on bit coin and cryptocurrency.

Couple basic links,

https://blockgeeks.com/guides/what-is-ethereum/

http://www.huffingtonpost.com/ameer-..._13735404.html

I can see ethereum becoming more on an investment and shares house, with support to kickstarts and investing in new 'Stuff'.

However, from your question and how it is phrased, I would do some reading and digging (no pun intended).

[ajfoggy]

Originally Posted by Brigand

I would really do so research first, read up on bit coin and cryptocurrency.

Couple basic links,

https://blockgeeks.com/guides/what-is-ethereum/

http://www.huffingtonpost.com/ameer-..._13735404.html

I can see ethereum becoming more on an investment and shares house, with support to kickstarts and investing in new 'Stuff'.

However, from your question and how it is phrased, I would do some reading and digging (no pun intended).

Lots of reading, still doesn't make it any easier to take a punt on it!

[ajfoggy]

Well I'm glad I risked this, 72% up in a month and that is with a few novice mistakes in trading as well.

[teaston]

How did you buy it and how much did you spend?

[Ajs_435d]

Interesting.

[ajfoggy]

Originally Posted by teaston

How did you buy it and how much did you spend?

£3,000 via Etoro. It's now just over £7,000. Need to get back my loss on the G30

If you have not traded before, which I hadn't until this. Then you need to be careful. Obviously not risking money you don't have and you have to what the stop loss on this particularly because it bounces all over the place. But long term it should continue to go up for some time.

Then again it could all go down the toilet tomorrow.

[teaston]

Originally Posted by ajfoggy

£3,000 via Etoro. It's now just over £7,000. Need to get back my loss on the G30

If you have not traded before, which I hadn't until this. Then you need to be careful. Obviously not risking money you don't have and you have to what the stop loss on this particularly because it bounces all over the place. But long term it should continue to go up for some time.

Then again it could all go down the toilet tomorrow.

Wow that's some good returns! I've had a bit of a read about it and it all seems very complicated!

Have you done anything with bitcoin at all?

[ajfoggy]

Originally Posted by teaston

Wow that's some good returns! I've had a bit of a read about it and it all seems very complicated!

Have you done anything with bitcoin at all?

Nope missed the boat, well maybe not, but think it's better to get in at the beginning. I have bought a bit of LiteCoin and may be buy some Ripple as well.

[Darth Helmut]

Originally Posted by ajfoggy

Nope missed the boat, well maybe not, but think it's better to get in at the beginning. I have bought a bit of LiteCoin and may be buy some Ripple as well.

Interesting thread. Just jumped in to buying a handful of Bitcoin and Ripple (£5000 split 50/50). Couple of chaps at work bought in to XRP and their returns are very favourable so far. Seems to be increasing by some good % week by week. In a dream world, if ripple hits the same return as Bitcoin did, its most certainly a nice little earner (April 2017 1x Bit= $1210, today's price; 1x Bit= $4800). Those that jumped on to Bitcoin back in 2011 when it was $1 per coin have made a massive killing ($1000 of Bitcoin bought in 2011 is worth $4,800,000!). I'm a realist and dont expect such a huge jump but some think XRP may go to $2 next year (compared to $0.24 today). Something to sit on and see how it pans out.

[Panchoa]

https://www.google.co.uk/amp/s/amp.t...cryptocurrency

[Tengocity]

Some questions for those who've bought some cryotocurrencies...

1. What cryptcurrency wallets have you gone for? I use a Mac and there doesn't seem to be many options.

2. What exchanges are you using, and why?

[ajfoggy]

Originally Posted by Tengocity

Some questions for those who've bought some cryotocurrencies...

1. What cryptcurrency wallets have you gone for? I use a Mac and there doesn't seem to be many options.

2. What exchanges are you using, and why?

I'm not actually buying the currency, I'm trading it. So no wallet.

Using etoro mainly, no reason at first but now using because it takes averages of various other exchanges. This means if one or more of them have an issue and there is a price crash on a currency then your stop loss shouldn't trigger because the other exchanges should keep it stable.

[Tengocity]

Originally Posted by ajfoggy

I'm not actually buying the currency, I'm trading it. So no wallet.

Using etoro mainly, no reason at first but now using because it takes averages of various other exchanges. This means if one or more of them have an issue and there is a price crash on a currency then your stop loss shouldn't trigger because the other exchanges should keep it stable.

How are you trading it without buying in the first place?

[Tengocity]

Ah ok. So no need to worry about holding it securely etc?

[ajfoggy]

Originally Posted by Tengocity

Ah ok. So no need to worry about holding it securely etc?

Exactly

[Tengocity]

I opened an Etoro account yesterday and bought some Bitcoin, Ethereum and Ripple. Just a few hundred dollars each. I'm treating it more like my mate does his Ladbrokes account than "investing"!

[ukblade]

Quite like the idea of messing about with just a few hundred quid.
I've opened an account and bought a couple of different stocks but for someone like me, I'm happy just to have a look in a months time and see where I am.
Can anyone just explain though, with most shares on etoro there isn't a great difference between sell and buy price, so why is there a 2% difference in Ethereum?
Thanks.

[ajfoggy]

Originally Posted by Tengocity

I opened an Etoro account yesterday and bought some Bitcoin, Ethereum and Ripple. Just a few hundred dollars each. I'm treating it more like my mate does his Ladbrokes account than "investing"!

Just make sure your stop losses are set very low. So you can ride out the drop if it happens.

[ajfoggy]

Originally Posted by ukblade

Quite like the idea of messing about with just a few hundred quid.
I've opened an account and bought a couple of different stocks but for someone like me, I'm happy just to have a look in a months time and see where I am.
Can anyone just explain though, with most shares on etoro there isn't a great difference between sell and buy price, so why is there a 2% difference in Ethereum?
Thanks.

They have to make their money somewhere. Think the spread on bitcoin is even bigger.

[Tengocity]

Originally Posted by ajfoggy

Just make sure your stop losses are set very low. So you can ride out the drop if it happens.

Yeah I clocked that straight away thankfully!

I don't get how the leverage options work though?

[ajfoggy]

Originally Posted by Tengocity

Yeah I clocked that straight away thankfully!

I don't get how the leverage options work though?

Not sure there is leverage on the cryptos.

But basically if you put £100 in on x5 leverage then you are using £500, meaning you could again x5 as much but also lose x5 as much !

I haven't bothered with that.