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Investing - Crypto / Funds / Other

Investing - Crypto / Funds / Other

Old May 17th 2021, 8:50 am
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Default Investing - Crypto / Funds / Other

We had an old thread, got canned years ago and has popped up in a few others but not really moved.

We've talked before about ETFs and other such things, I've been prioritising them over everything.

Curious though, anyone putting anything in crypto? Or have done and won/lost? I have a bit, want it to be about 10% of what I've got invested I think, but currently about 5% and happy for now. Will steadily grow during what could be a nice dip.

Has anyone seen any crypto ETFs or other vehicles to invest rather than buying coins (or fractions of coins in my case)?

Makes it hard to justify property as an investment at the moment, the prices in the UK are outrageous and the fear around interest rates seems very real.
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Old May 17th 2021, 10:14 am
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Hope you are mining on company resources. All those empty offices with idle computers is a massive opportunity.
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Old May 17th 2021, 11:49 am
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Default Re: Investing - Crypto / Funds / Other

Originally Posted by Millhouse
Hope you are mining on company resources. All those empty offices with idle computers is a massive opportunity.
Just not worth it, is it. Easy enough to buy each month.

Getting sensible info on the alt-coins is the hard bit. Working out which is a good buy and which is a wallet emptier is harder than making the same decision at the York.
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Old May 17th 2021, 12:43 pm
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Default Re: Investing - Crypto / Funds / Other

Bought Doge around a month ago, currently 20% up. Waiting for it climb a few more pence and then I’ll swap it for Ethereum. Also might have a punt on Cardano depending how it’s doing on payday.
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Old May 17th 2021, 1:49 pm
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Default Re: Investing - Crypto / Funds / Other

Originally Posted by BritInParis
Bought Doge around a month ago, currently 20% up. Waiting for it climb a few more pence and then I’ll swap it for Ethereum. Also might have a punt on Cardano depending how it’s doing on payday.
Cardano gets a lot of press.
Doge - I've avoided, but christ on a stick some of the % profits taken are huge.

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Old May 17th 2021, 2:08 pm
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Default Re: Investing - Crypto / Funds / Other

Originally Posted by Scamp
Just not worth it, is it. Easy enough to buy each month.

Getting sensible info on the alt-coins is the hard bit. Working out which is a good buy and which is a wallet emptier is harder than making the same decision at the York.
You do realise that you're entering a world only teenagers (who have no ****ing understanding of trading, money supply, taxation or regulation) understand?

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Old May 17th 2021, 2:43 pm
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Originally Posted by Scamp
Cardano gets a lot of press.
Doge - I've avoided, but christ on a stick some of the % profits taken are huge.
Cardano and Ethereum seem to have utility and thus legs to keep climbing so they’re more of a mid term investment. Doge is really just for fun. Joined the party a bit late to enjoy the 10,000% returns but happy with how’s it going currently. It’s ridiculously volatile as its value is almost solely predicated on Elon Musk’s Twitter feed. Lost half my original investment before more than doubling it in a single week. Learnt to just ride the rollercoaster as the general direction of travel remains up. It’s not something I’d be putting my life savings into though!
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Old May 17th 2021, 2:44 pm
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Default Re: Investing - Crypto / Funds / Other

Originally Posted by Millhouse
You do realise that you're entering a world only teenagers (who have no ****ing understanding of trading, money supply, taxation or regulation) understand?
I do think about dipping my toes into the shark infested waters of crypto. People have obviously made enormous fortunes but I suspect most of it is driven by teenagers or wildcat investors rather than savvy long term investors.

If you can afford to lose the money, go for it. But I do agree that eventually reality will catch up with crypto. However, there's always the element of human vanity and crypto may be the new mechanism by which vanity is priced and may be kept alive and valuable on that basis as well as a new hedge against inflation. Never underestimate the human capacity for making money out of anything.
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Old May 18th 2021, 4:12 am
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Default Re: Investing - Crypto / Funds / Other

Originally Posted by DXBtoDOH
I do think about dipping my toes into the shark infested waters of crypto. People have obviously made enormous fortunes but I suspect most of it is driven by teenagers or wildcat investors rather than savvy long term investors.

If you can afford to lose the money, go for it. But I do agree that eventually reality will catch up with crypto. However, there's always the element of human vanity and crypto may be the new mechanism by which vanity is priced and may be kept alive and valuable on that basis as well as a new hedge against inflation. Never underestimate the human capacity for making money out of anything.
That's the first time I've heard someone describe a wildly fluctuating speculative investment as a hedge against low percentage inflation. Try property or variable rate bonds if you want to hedge inflation.
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Old May 18th 2021, 6:15 am
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Default Re: Investing - Crypto / Funds / Other

Originally Posted by Scamp
Has anyone seen any crypto ETFs or other vehicles to invest rather than buying coins (or fractions of coins in my case)?
BTCE is a bitcoin ETF. Or more accurately, an ETC. Only available on certain exchanges though. And an obscene 2% management fee.

Last edited by csdf; May 18th 2021 at 6:17 am.
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Old May 18th 2021, 6:26 am
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Default Re: Investing - Crypto / Funds / Other

Originally Posted by Millhouse
You do realise that you're entering a world only teenagers (who have no ****ing understanding of trading, money supply, taxation or regulation) understand?
I think that's the wrong way round. I think it's a world that those in those areas of expertise don't understand.

Originally Posted by BritInParis
Cardano and Ethereum seem to have utility and thus legs to keep climbing so they’re more of a mid term investment. Doge is really just for fun. Joined the party a bit late to enjoy the 10,000% returns but happy with how’s it going currently. It’s ridiculously volatile as its value is almost solely predicated on Elon Musk’s Twitter feed. Lost half my original investment before more than doubling it in a single week. Learnt to just ride the rollercoaster as the general direction of travel remains up. It’s not something I’d be putting my life savings into though!
Yeah, Cardano I've not looked into but ETH is sort of the next one to start building. I'm holding Bitcoin for obvious reasons and have taken a punt on Fantom.
Doge - I just don't have the bollocks for it yet. Fair play for chucking some in and seeing what happens. Maybe I should but the thought of even $1,000 in it gives me the willies when that could be in an ETF

Originally Posted by weasel decentral
That's the first time I've heard someone describe a wildly fluctuating speculative investment as a hedge against low percentage inflation. Try property or variable rate bonds if you want to hedge inflation.
It's more exciting than gold....

Originally Posted by csdf
BTCE is a bitcoin ETF. Or more accurately, an ETC. Only available on certain exchanges though. And an obscene 2% management fee.
2%. Crumbs.
Thanks for that, I've not looked in a while but might do again.
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Old May 18th 2021, 6:42 am
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Default Re: Investing - Crypto / Funds / Other

Originally Posted by Scamp
It's more exciting than gold....
For sure, but it's the investing equivalent of putting money on a grand national long shot or penny stock pump and dumps. If you had a few thousand without a home why not - I'd keep pulling it out as the price rose though.
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Old May 18th 2021, 7:40 am
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Originally Posted by Scamp
I think that's the wrong way round. I think it's a world that those in those areas of expertise don't understand.
For sure that is me. What I do know though is that governments need real currency for tax, and they have the power to regulate crypto to death for whatever reason. The Europeans will be salivating at regulating or taxing it for death under the disguise of its environmental footprint, the Americans will want to kill anything that threatens the dollar, the Chinese want absolute control over their money flows. These factors make it very hard for it to become mainstream. That said, must punters probably don't care if it will become mainstream or not, but certainly it cannot form a part of any speculative investment thesis.

Then you have all these unregulated ICOs. A disaster waiting to happen.
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Old May 18th 2021, 8:59 am
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Default Re: Investing - Crypto / Funds / Other

Originally Posted by weasel decentral
For sure, but it's the investing equivalent of putting money on a grand national long shot or penny stock pump and dumps. If you had a few thousand without a home why not - I'd keep pulling it out as the price rose though.
I even think that's generous....see below

Originally Posted by Millhouse
For sure that is me. What I do know though is that governments need real currency for tax, and they have the power to regulate crypto to death for whatever reason. The Europeans will be salivating at regulating or taxing it for death under the disguise of its environmental footprint, the Americans will want to kill anything that threatens the dollar, the Chinese want absolute control over their money flows. These factors make it very hard for it to become mainstream. That said, must punters probably don't care if it will become mainstream or not, but certainly it cannot form a part of any speculative investment thesis.

Then you have all these unregulated ICOs. A disaster waiting to happen.
I think the whole thing is a giant, decades long pump-and-dump basically.

Bitcoin has a buzz, has a finite volume that's shaken down every 4 years. It has hype, it has '**** the man' qualities, it has people who know nothing claiming it'll bring down money etc. It's all just hype, literally buy the hype, sell the news.

I've still got stocks from the 2008 crash, some I'm capable of HODL-ing.

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Old May 18th 2021, 1:21 pm
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Default Re: Investing - Crypto / Funds / Other

Originally Posted by weasel decentral
That's the first time I've heard someone describe a wildly fluctuating speculative investment as a hedge against low percentage inflation. Try property or variable rate bonds if you want to hedge inflation.
It's not Weimar Germany but inflationary fears are all over the US and has been for a few months and is starting to make noises in the UK. The point remains that your punter is likely looking at crypto to avoid inflation. The value of silver has shot up recently for similar reasons. People are looking at anything to park their money in.



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