Crypto Currency Thread (Vol.2)
Discussion
Blown2CV said:
BandOfBrothers said:
Blown2CV said:
BandOfBrothers said:
Blown2CV said:
you can believe what you like, but you will (in my opinion) be proven wrong. BTC has been around what, 15 years now? How long do you give it before you make a decision as to whether you were in fact wrong, and determine it a failure? Or do you just keep going on and on harping on about how no one has yet proven it is a failure (but it can be seen first hand to not be a success against it's core aims).
The betting up and down is nothing but the NFT craze, but with a greater number of people in the hole. The only transactions are people trying to make money or mitigate losses. It isn't a thing.
I make no claim to BTC's success against "its core aims" either now or in the future, that is you shifting goal posts.The betting up and down is nothing but the NFT craze, but with a greater number of people in the hole. The only transactions are people trying to make money or mitigate losses. It isn't a thing.
I am merely correcting multiple posters' erroneous beliefs that they are vehemently stating as facts.
BTC's fundamental functionality is its blockchain, which is a mathematical algorithm.
The features of that algorithm are 100% known and predictable and these are the ones that we are discussing.
It is nonsense to say that this is just a matter of opinion.
What more evidence would you like to see?
Blockchain may be HOW it achieves record keeping, but BTC using blockchain does not make it a success inherently. People using it as a currency makes it successful. It's not happening.
I get that you are a bit butthurt that the vast majority of people don't agree with you - but that does not make them wrong. Also trying to use flowery language in your posts does not elevate you above either.
Just face it!
Seventyseven7 said:
Can the anti-Bitcoin mob, give me some tips on how to get better returns on my portfolio and what their portfolio currently looks like?
Interested in making money in any investment, don’t really care the use cases.
haha, they'll probs tell you to buy some bonds, and put the rest in a tracker - and be grateful if you can achieve 7% a year.Interested in making money in any investment, don’t really care the use cases.
MSTR/CLSK/IREN/BTC/SOL are far too racey - who on earth would want to put some monies into things that go up by 3-5x in a year; that'd mean actually doing some work/research/management.
greengreenwood7 said:
Seventyseven7 said:
Can the anti-Bitcoin mob, give me some tips on how to get better returns on my portfolio and what their portfolio currently looks like?
Interested in making money in any investment, don’t really care the use cases.
haha, they'll probs tell you to buy some bonds, and put the rest in a tracker - and be grateful if you can achieve 7% a year.Interested in making money in any investment, don’t really care the use cases.
MSTR/CLSK/IREN/BTC/SOL are far too racey - who on earth would want to put some monies into things that go up by 3-5x in a year; that'd mean actually doing some work/research/management.
You're kidding yourself if you think you can beat the market.
BandOfBrothers said:
Because investing in Crypto currently is pretty much just gambling.
You're kidding yourself if you think you can beat the market.
How are you defining “the market” and what are your recommendations? I don’t mean to single you out, but just trying to understand how other people think about these things.You're kidding yourself if you think you can beat the market.
I don’t have a benchmark I’m aiming to beat. My approach is to have a set of easy to manage investments that aims to grow over time and allows me to sleep at night. My approach to personal finance is pretty much summarised in the book The Psychology of Money by Morgan Housel which I think should be compulsory reading.
For the sake of balance, here’s my rough allocation. I own “shares” in 2 companies, neither of which I selected (employer and an inherited privately held firm). I'm not a stock picker and have no aspirations to be one, the equity portion is mainly broad based ETFs.
I have an allocation method for the equity and crypto portions that I rebalance more or less quarterly.
This is somewhat simplified but shows how I think about crypto as part of a diversified portfolio.
Diversified global equity 45%
Property 35%
Cash 7.5%
Fixed income 5%
Crypto 5%
Private Equity & Alternatives 2.5%
BandOfBrothers said:
greengreenwood7 said:
Seventyseven7 said:
Can the anti-Bitcoin mob, give me some tips on how to get better returns on my portfolio and what their portfolio currently looks like?
Interested in making money in any investment, don’t really care the use cases.
haha, they'll probs tell you to buy some bonds, and put the rest in a tracker - and be grateful if you can achieve 7% a year.Interested in making money in any investment, don’t really care the use cases.
MSTR/CLSK/IREN/BTC/SOL are far too racey - who on earth would want to put some monies into things that go up by 3-5x in a year; that'd mean actually doing some work/research/management.
You're kidding yourself if you think you can beat the market.
Seventyseven7 said:
BandOfBrothers said:
greengreenwood7 said:
Seventyseven7 said:
Can the anti-Bitcoin mob, give me some tips on how to get better returns on my portfolio and what their portfolio currently looks like?
Interested in making money in any investment, don’t really care the use cases.
haha, they'll probs tell you to buy some bonds, and put the rest in a tracker - and be grateful if you can achieve 7% a year.Interested in making money in any investment, don’t really care the use cases.
MSTR/CLSK/IREN/BTC/SOL are far too racey - who on earth would want to put some monies into things that go up by 3-5x in a year; that'd mean actually doing some work/research/management.
You're kidding yourself if you think you can beat the market.
guess what he means is - he hasn't got a bloody clue about crypto and is assuming that everything is a meme coin......
At the risk of wasting the skin on my fingers typing this:
@ band of brothers - do you think insitutions are gambling when they hold MSTR? or CLSK?
and FWIW, if you want to be that black and white, then every stock trade is a gamble....it's just that investors/traders make the decions based on FA/TA/Macro - rather than asking vanguard to take 2% a year to buy a basket of stocks.
greengreenwood7 said:
agreed!
guess what he means is - he hasn't got a bloody clue about crypto and is assuming that everything is a meme coin......
At the risk of wasting the skin on my fingers typing this:
@ band of brothers - do you think insitutions are gambling when they hold MSTR? or CLSK?
and FWIW, if you want to be that black and white, then every stock trade is a gamble....it's just that investors/traders make the decions based on FA/TA/Macro - rather than asking vanguard to take 2% a year to buy a basket of stocks.
MSTR and CLSK are equity tickers? Or are the Crypto assets with the same code.guess what he means is - he hasn't got a bloody clue about crypto and is assuming that everything is a meme coin......
At the risk of wasting the skin on my fingers typing this:
@ band of brothers - do you think insitutions are gambling when they hold MSTR? or CLSK?
and FWIW, if you want to be that black and white, then every stock trade is a gamble....it's just that investors/traders make the decions based on FA/TA/Macro - rather than asking vanguard to take 2% a year to buy a basket of stocks.
But hey, someone asked for peoples asset allocation - 50% property (unencumbered) 40% equity 10% ETH.
Not counting my partnership shared or art - this has some value but I just like looking at it.
Seventyseven7 said:
BandOfBrothers said:
greengreenwood7 said:
Seventyseven7 said:
Can the anti-Bitcoin mob, give me some tips on how to get better returns on my portfolio and what their portfolio currently looks like?
Interested in making money in any investment, don’t really care the use cases.
haha, they'll probs tell you to buy some bonds, and put the rest in a tracker - and be grateful if you can achieve 7% a year.Interested in making money in any investment, don’t really care the use cases.
MSTR/CLSK/IREN/BTC/SOL are far too racey - who on earth would want to put some monies into things that go up by 3-5x in a year; that'd mean actually doing some work/research/management.
You're kidding yourself if you think you can beat the market.
t.@ooopsvoss....
yeps, mstr & clsk are tickers for microstrategy and cleanspark. My point being that they are totally related to digital assets aka 'crypto' in that mstr holds 200k of btc and cleanspark mines it. If institutions have been invested in these for ages, it would seem reasonable to say that 'investing in crypto' isn't gambling - if done right.
yeps, mstr & clsk are tickers for microstrategy and cleanspark. My point being that they are totally related to digital assets aka 'crypto' in that mstr holds 200k of btc and cleanspark mines it. If institutions have been invested in these for ages, it would seem reasonable to say that 'investing in crypto' isn't gambling - if done right.
Erm, crypto “investment” is a bit of an anomaly as it’s never run through a tightening induced recession or a period of QT, till now.
I’m sure people were banging on about NFTs and smart contracts years ago but I’ve still yet to see one, use one, discuss one etc, with anyone in the ‘real world’
The only people who said anything me to crypto even was the hairdresser who’d said did I sell mine as someone he knew lost £30,000
It’s not over until you cash out and do something with it.
The opportunity to lose it all is still just around the next corner.
I’m sure people were banging on about NFTs and smart contracts years ago but I’ve still yet to see one, use one, discuss one etc, with anyone in the ‘real world’
The only people who said anything me to crypto even was the hairdresser who’d said did I sell mine as someone he knew lost £30,000
It’s not over until you cash out and do something with it.
The opportunity to lose it all is still just around the next corner.
Blown2CV said:
Seventyseven7 said:
BandOfBrothers said:
greengreenwood7 said:
Seventyseven7 said:
Can the anti-Bitcoin mob, give me some tips on how to get better returns on my portfolio and what their portfolio currently looks like?
Interested in making money in any investment, don’t really care the use cases.
haha, they'll probs tell you to buy some bonds, and put the rest in a tracker - and be grateful if you can achieve 7% a year.Interested in making money in any investment, don’t really care the use cases.
MSTR/CLSK/IREN/BTC/SOL are far too racey - who on earth would want to put some monies into things that go up by 3-5x in a year; that'd mean actually doing some work/research/management.
You're kidding yourself if you think you can beat the market.
t.I’ve made over £500,000 from ‘crypto’ - that means, profits withdrawn (and CGT paid on it) - I currently have an open portfolio sitting just over 600k USD. Happy to share screenshots if you want to see more.
But must be ‘horses
t’ right? Now let me see your portfolio.
Seventyseven7 said:
I've shared my portfolio in this thread multiple times for reference. I notice you pick and choose who to reply to, and often ignore any questions around making money in investing yourself. You’ve probably missed my portfolio posts up there on your high horse, so for your reference:
I’ve made over £500,000 from ‘crypto’ - that means, profits withdrawn (and CGT paid on it) - I currently have an open portfolio sitting just over 600k USD. Happy to share screenshots if you want to see more.
But must be ‘horsest’ right?
Now let me see your portfolio.
Yes great but how much did you start with?I’ve made over £500,000 from ‘crypto’ - that means, profits withdrawn (and CGT paid on it) - I currently have an open portfolio sitting just over 600k USD. Happy to share screenshots if you want to see more.
But must be ‘horses
t’ right? Now let me see your portfolio.
And did you take a considered risk or just get lucky.
I’m not daft enough to share my finances on here but I made plenty from crypto but it was arguably all by “accident”
well i'm def not sharing my crypto details....
But 3 isas are funded 100% with crypto related proxies - mstr/clsk/iren, 1st isas started feb '23, 2nd april 23, thd 3rd april 24 - currently over 100% up in £ terms, which includes 9% cash ( of the total put in ). Considering the last tranche hasn't had a chance to 'work' yet, a fair increase.
I don't tend to value related to £, i have a target to swap into other assets and watch the pair charts with that in mind. Timeframe to swap and be out of related proxies, likely late this year/middle next depending how things go. IF BTC does ok, then those stocks probs got another 3x in them as a min, both against £ and the other assets i want to 'be in' for the longer haul.
But 3 isas are funded 100% with crypto related proxies - mstr/clsk/iren, 1st isas started feb '23, 2nd april 23, thd 3rd april 24 - currently over 100% up in £ terms, which includes 9% cash ( of the total put in ). Considering the last tranche hasn't had a chance to 'work' yet, a fair increase.
I don't tend to value related to £, i have a target to swap into other assets and watch the pair charts with that in mind. Timeframe to swap and be out of related proxies, likely late this year/middle next depending how things go. IF BTC does ok, then those stocks probs got another 3x in them as a min, both against £ and the other assets i want to 'be in' for the longer haul.
Mr Whippy said:
Seventyseven7 said:
I've shared my portfolio in this thread multiple times for reference. I notice you pick and choose who to reply to, and often ignore any questions around making money in investing yourself. You’ve probably missed my portfolio posts up there on your high horse, so for your reference:
I’ve made over £500,000 from ‘crypto’ - that means, profits withdrawn (and CGT paid on it) - I currently have an open portfolio sitting just over 600k USD. Happy to share screenshots if you want to see more.
But must be ‘horsest’ right?
Now let me see your portfolio.
Yes great but how much did you start with?I’ve made over £500,000 from ‘crypto’ - that means, profits withdrawn (and CGT paid on it) - I currently have an open portfolio sitting just over 600k USD. Happy to share screenshots if you want to see more.
But must be ‘horses
t’ right? Now let me see your portfolio.
And did you take a considered risk or just get lucky.
I’m not daft enough to share my finances on here but I made plenty from crypto but it was arguably all by “accident”
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