Crypto Currency Thread
Discussion
guindilias said:
The wrong ones, evidently! Glad I didn't put my life savings into that, I've only lost $12 so far - BUT I WANT IT BACK! 
I honestly believe you will learn a lot from this - "betting" a small amount and watching how this new paradigm market works will help you long term.I'm far too scared to try to predict it - just hodl.
Does anybody know what is driving this latest increase?
Looks like a few massive orders placed on Kraken, rather than lots of smaller trades, for the big jumps... but I'm no expert at reading the charts.
I cashed out a little while ago... missed out on some nice new toys with these latest increases. Oh well.
Looks like a few massive orders placed on Kraken, rather than lots of smaller trades, for the big jumps... but I'm no expert at reading the charts.
I cashed out a little while ago... missed out on some nice new toys with these latest increases. Oh well.
Oh, I'm sure it will - I read all these things about Fibonacci bands and "head and shoulders patterns" and all that, and it means nothing to me - I tend just to trade in CFDs when Earnings Release time is coming up and the analysts are recommending well-known stocks like Facebook, Nvidia, etc (or less well known ones like Alcoa)... which has worked very well for me so far, but cryptos are too volatile for me to reliably profit from!
guindilias said:
Oh, I'm sure it will - I read all these things about Fibonacci bands and "head and shoulders patterns" and all that, and it means nothing to me - I tend just to trade in CFDs when Earnings Release time is coming up and the analysts are recommending well-known stocks like Facebook, Nvidia, etc (or less well known ones like Alcoa)... which has worked very well for me so far, but cryptos are too volatile for me to reliably profit from!
That was intended as a reply to X5X3, by the way - had to take a phone call in the middle of typing my reply.
Maxf said:
Does anybody know what is driving this latest increase?
Looks like a few massive orders placed on Kraken, rather than lots of smaller trades, for the big jumps... but I'm no expert at reading the charts.
I cashed out a little while ago... missed out on some nice new toys with these latest increases. Oh well.
Probably the chinese rumours https://news.vice.com/story/bitcoin-hits-new-high-...Looks like a few massive orders placed on Kraken, rather than lots of smaller trades, for the big jumps... but I'm no expert at reading the charts.
I cashed out a little while ago... missed out on some nice new toys with these latest increases. Oh well.
okgo said:
It follows no obvious trends
The I suggest you simply haven't learnt enough about it. Every large movement has a reason. Some are only discovered in hindsight. There is no rhyme or reason to short term movements, but that applies to most markets. There is usually far too much noise on a day to day level.Take a look at a decent charting tool like cryptowat.ch and zoom out to at least the 6hr views. You'll see the big trend fundamental dates described on the bottom axis.
I've got some n00b questions, if anyone is able to help I'd appreciate-
1) Those of you starting with GBP, what are you using to move it to BTC? I know there are lots of options- the question is which one are you specifically using?
2) The same with the onward move to other coins- do you just sign up to a shed load of exchanges and see which is best at the time?
I appreciate it is possible to, for example, change GBP to ETH through the likes of CEX.IO, but the reviews of that are such a horror I'm not going to go near it.
3) Wallets- I've got some Nano's on order, but they don't hold everything. What are you using to hold those outlier coins?
4) Completely random one. Anyone sitting on such a large gain they're considering moving to a lower CGT jurisdiction?!? There's a chap in the flat above where I'm renting a tiny room on the southbank who bought it and another flat in the block with cash converted from BTC, and has paid no tax. HMRC are on to him and he's bricking it. He's 18, and seems to think Reddit users say they paid no tax so apparently it was all "OK", which was clearly a mistake!!
1) Those of you starting with GBP, what are you using to move it to BTC? I know there are lots of options- the question is which one are you specifically using?
2) The same with the onward move to other coins- do you just sign up to a shed load of exchanges and see which is best at the time?
I appreciate it is possible to, for example, change GBP to ETH through the likes of CEX.IO, but the reviews of that are such a horror I'm not going to go near it.
3) Wallets- I've got some Nano's on order, but they don't hold everything. What are you using to hold those outlier coins?
4) Completely random one. Anyone sitting on such a large gain they're considering moving to a lower CGT jurisdiction?!? There's a chap in the flat above where I'm renting a tiny room on the southbank who bought it and another flat in the block with cash converted from BTC, and has paid no tax. HMRC are on to him and he's bricking it. He's 18, and seems to think Reddit users say they paid no tax so apparently it was all "OK", which was clearly a mistake!!
Croutons said:
4) Completely random one. Anyone sitting on such a large gain they're considering moving to a lower CGT jurisdiction?!? There's a chap in the flat above where I'm renting a tiny room on the southbank who bought it and another flat in the block with cash converted from BTC, and has paid no tax. HMRC are on to him and he's bricking it. He's 18, and seems to think Reddit users say they paid no tax so apparently it was all "OK", which was clearly a mistake!!
A mate deals with some of the more 'exciting' parts of HMRC - people hiding money, offshore accounts etc - and says they are looking hard at BTC now.Unless you've made tens of millions, just pay the tax in the most efficient way possible. Most BTC millionaires have made money from almost nothing, so just pay for sensible advice and pay the tax... and sleep easy.
HL have a connected fund in thier SIP pension portfolio, obviously SIP's aren't taxed. A few months back, I moved a good chunk of my pension from a JPM managed fund to the BTC tracker and surprise surprise it's my portfolios best performer, I intend to hold the positions for at least 5 years.
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