Is anyone else starting to become a bit excited?

mdmix wrote: »

What level are we looking to buy at? 25k, 20k or somewhere else?

Going below 20k again wouldn't be my base case, but the true answer is that no one knows.

Having said that, if someone has an amount they want to allocate, my advice would be to do it gradually rather than having a set entry point.

mdmix wrote: »

What level are we looking to buy at? 25k, 20k or somewhere else?

I just bought a fraction now at €24k. I am happy with this price as it’s €3k lower than the €27k high which was seen over the weekend.

antgal23 wrote: »

I had the same approach in Q1 2018, then I lost 90% of my original investment ( sorry, I meant life's savings)

I lost 90% of the notional value of my savings too (I'm fine with being flippant regards my own money), just lucky I was in earlier I guess, cos I was still up 10x when ETH was at it's lowest. I hope you took advantage of the bear.

SnowyMay wrote: »

You should explain more.

I bought my little bit of a Bitcoin on Revolut for €38, and now it's worth €240. Give or take some cents. Fine investment for me, and can transfer it into flat anytime. Probably should have bought more, but it's just an easy bit of craic for a non-serious investor.

It’s like saying you own a load of buildings in D4 when in reality you own a few shares in one of the ISEQ listed REITS.

Bob24 wrote: »

I'd be surprised if we go below 20k again, but the answer is that non one knows.

Having said that, if someone has an amount they want to allocate, my advice would be to do it gradually rather than having a set entry point.

I stopped my weekly DCA at 17.5k and have been holding my allocation in cash ready for a 30% drop, I presume a lot of people are in a similar situation - although I do understand some newer folks on this forum may not get the whole DCA idea

Bob24 wrote: »

Actually it isn’t even like that. The REIT shares can be transferred from one broker to an other and sold to anyone on the open market anytime, so their resell potential is not tight to any single entity.

In the case of crypto on Revolut, you are in a walled garden and thus fully dependent on the gardener: if for any reason they have some liquidity issues on their crypto platform or decide to enforced unreasonable fees or T&Cs, there is absolutely nothing you can do about it as you are fully captive (the only entity you can sell your crypto to is Revolut, so tough on you if you don’t like their terms - you have no choice).

Now, the risk is somewhat irrelevant for someone who just wants to do short/medium term speculation on the price with small amounts of money. Then fine they can use Revolut. But beyond that people really should upgrade to something better.

Indeed I agree, but that said I don't know anyone who has had an issue with Revolut

I do however know many new (and even experienced) investors who have had issues with other platforms and wallets. Between Metamask, swaps, MEW, Ledger, older wallets taking days to sync properly, malware, people sending USDC to a non-bep20 address on CB, forgotten keys and passphrases (from years ago), paper wallets lost in moves, hard-drives corrupted, etc, etc.

Sometimes a limited gateway like Revolut is just simpler and easier for the uninitiated. When Paypal (rest of the world) arrives at some point H1 this year, should be even easier.

Dohnjoe wrote: »

Indeed I agree, but that said I don't know anyone who has had an issue with Revolut

I do however know many new (and even experienced) investors who have had issues with other platforms and wallets. Between Metamask, swaps, MEW, Ledger, older wallets taking days to sync properly, malware, people sending USDC to a non-bep20 address on CB, forgotten keys and passphrases (from years ago), paper wallets lost in moves, hard-drives corrupted, etc, etc.

Sometimes a limited gateway like Revolut is just simpler and easier for the uninitiated. When Paypal (rest of the world) arrives at some point H1 this year, should be even easier.

Yes agree, it is fine for a small guy who wants to dip his toes in the water and won’t put too much money into it. So is PayPal. And I am happy those solutions do exist and bring legitimacy/accessibility to crypto.

But as soon as anyone gets more serious about it and involves large amounts of money, they really should graduate to something else. Even to coinbase which isn’t technically an exchange and is very safe and easy to use - while allowing people to transfer their crypto out of the platform if they want to.

I would also suggest people consider tax implications of holding large amounts on Revolut. If one day they decide Revolut is not for them anymore for whatever reason and they want to move their crypto elsewhere, the only way to do it will be to liquidate the assets for cash, transfer the cash elsewhere, and buy the same assets again on the new platform. Doing this would trigger CGT (as opposed to transferring the assets to another platform directly and without having to transition through cash, which wouldn’t be a taxable event).

DonnieCorko wrote: »

I couldnt lodge money to crypto.com with my AIB debit card but I did so on Binance. However, the limit is 240 euro and the verify your address option is greyed out (to increase deposit limit). Anyone face something similar before. It says I need to add the card to "cash currency recharge channel" but my card is already added as a payment method. Binance support is swamped and waiting an hour already with little movement in the queue

Perhaps take a look at Belgacoin.com. I have used them and they are legit. Not good for timed 'trading', though.

Ended up buying successfully with Coinbase. Thanks cnocbui

cnocbui wrote: »

What do gold ingots do, apart from hedge against the devaluation of your wealth due to incessant and near limitless fiat money printing? What does cash in the bank do, apart from lose value?

Personally my bitcoin are up over a thousand percent in value, so I quite like them and think they have been busy enough by my standards, and have provided infinitely more interest and amusement than any bunch of ones and zeroes stored on some banks hard drive.

Indeed, but gold is a metal used in smart phones, computers, cameras, etc. As for cash, most people couldn't (presently) live without it.

Yes my coins are up fantastic amounts, but most of them literally do nothing and produce nothing. For 99% of them, 99% of use is purely as speculative assets. If you bought Tittiecoin at 1, and someone is willing to pay 1,000, cool, but that's it. That's all it does, stacking pyramid style gains or losses. Ironically it's not technically worth anything until successfully liquidised into a real currency.

Defi, on the other hand, is the first interesting thing to come along in crypto in a long time.

Anyway I've been lucky enough to buy crypto early, but my view hasn't changed, the vast majority is complete dog****

My head is wrecked, cant decide what to do at all, I have another 7 weeks before Im made permanent in my new job and can start house hunting properly, I think Ill just wait until then and see.

Also considering selling half my stack if it touches the ATH or gets within ~$150 of it.

Lads does anyone know if you can setup regular deposits to any of the exchanges?

Anyone know how i can buy some of the very volatile altcoins? There is no option to buy them on Bitpanda which i am using. I just fancied dabbling with a small amount on them. the ones that rise and fall 100s% per day

That bounce back off $28k is great to see.