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15 minutes ago, iron mike python said:

you don't want to be like the other posters on here who don't look like they are having fun staying poor.

And where will your profit be if you don't persuade lots of people like @Aladdin to buy in and increase the value of your coins, however temporarily?

(Use my Binance referral for 5% refund of Binance trading fees.)

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2 minutes ago, welshbairn said:

And where will your profit be if you don't persuade lots of people like @Aladdin to buy in and increase the value of your coins, however temporarily?

(Use my Binance referral for 5% refund of Binance trading fees.)

I'm up x94 on my original investment. I've got a pretty strong feeling I'll be in profit if Aladdin doesn't buy..... in fact I strongly hinted that Aladdin shouldn't buy just now because he says he doesn't like volatility.

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4 minutes ago, iron mike python said:

I'm up x94 on my original investment. I've got a pretty strong feeling I'll be in profit if Aladdin doesn't buy..... in fact I strongly hinted that Aladdin shouldn't buy just now because he says he doesn't like volatility.

So do you think it likely that @Aladdin multiplies his investment 94 fold, or is that just for folk further up the pyramid like yourself?

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25 minutes ago, iron mike python said:

All I would ask is you keep an open mind, you don't want to be like the other posters on here who don't look like they are having fun staying poor.

Telling folk to "have fun staying poor" or comments like it is extremely pish chat btw. Investment is your thing, if you do well then enjoy yourself, don't take pops at folk who are poorer than you.

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1 minute ago, The Moonster said:

Telling folk to "have fun staying poor" or comments like it is extremely pish chat btw. Investment is your thing, if you do well then enjoy yourself, don't take pops at folk who are poorer than you.

this is also a guy who claimed to be a crypto millionaire before immediately rolling it back and admitting he was LARPing so pinch of salt etc

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1 minute ago, welshbairn said:

So do you think it likely that @Aladdin multiplies his investment 94 fold, or is that just for folk further up the pyramid like yourself?

Not if he buys just now, that is why I have hinted that he researches about crypto just now and finds a project which he can buy when the bear market comes around. Then he will have a good chance.

Alternatively he could stay in Great British Pounds. An item that cost 50 pounds in 1970 would theoretically cost 780 pounds in 2019's money. Everyone should be happy, have fun staying poor , have fun being rich, come on everyone have fun!

image.png.4846ba5b0806a0aeb08596d9a94ae390.png

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9 minutes ago, Genuine Hibs Fan said:

this is also a guy who claimed to be a crypto millionaire before immediately rolling it back and admitting he was LARPing so pinch of salt etc

Anyone who has been as involved for as long, and is as knowledgable, about crypto as Iron Mike Python should be a millionaire by now. I suspect that he doesn't want to declare on a public forum because bragging is quite un-Scottish and/or he wants to avoid any tax implications / violent Paisley based kidnap gangs. As x94 that would work out at an initial investment of just over £10.5k.

That being said, you can get a better binance discount by just googling it rather than using his link.

Crypto wasn't invented to make people rich, but it is a nice side effect. 

Edit: as tempted as I am by altcoins, I wouldn't recommend buying any crypto right now and I would certainly stay away from Bitcoin for the moment.

Edited by Satoshi
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Has anyone on P&B made millions in crypto and currently posting from a yacht off the Bahamas?

Hope they're having fun.

It's getting cold in Aberdeen and I'm going to sit freezing my nuts off watching us getting beat again tomorrow.

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13 hours ago, Busta Nut said:

Anyone been pumped by this sorta stuff?

Not pumped, done better than I would in the stock market, some of it due to dumb luck and could have certainly made a fortune if I was reading more a few years back rather than being passive as I was.

Now I've got a few strategies going and things are looking good. But it was looking that way in mid May and it all went south very quickly. I lost about 70% of my portfolio value at it's worst but did climb back slowly but is far off yet to meeting those highs. Hopefully some of the stuff I did this week will pay off.

It's never easy selling something you bought for 4.5cents each for 1.8 but the money could be better used elsewhere in the short term rather than holding in the hope it came to fruition over time. 

Only invest what you can prepared to loose I guess.

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17 minutes ago, Kapowzer said:

Not pumped, done better than I would in the stock market, some of it due to dumb luck and could have certainly made a fortune if I was reading more a few years back rather than being passive as I was.

Now I've got a few strategies going and things are looking good. But it was looking that way in mid May and it all went south very quickly. I lost about 70% of my portfolio value at it's worst but did climb back slowly but is far off yet to meeting those highs. Hopefully some of the stuff I did this week will pay off.

It's never easy selling something you bought for 4.5cents each for 1.8 but the money could be better used elsewhere in the short term rather than holding in the hope it came to fruition over time. 

Only invest what you can prepared to loose I guess.

Surely that depends what you invested in?

 

And lose, not loose.

hulk-avenger.gif

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Surely that depends what you invested in?
 
And lose, not loose.
hulk-avenger.gif
I'm now over 200% ROI on my crypto portfolio since February.

I'm 9% ROI on my ISA in the same period.

I guess it's possible to make that kind of return in equities by picking the right stocks, but they're far more "few and far between" then in crypto IMO.

As a complete crypto noob my returns in the first half of the year were mostly dumb luck and even now having spent 10 months learning I know I could have tripled or more the return I have.

I'm fine that people don't like crypto, but for me it's been an enjoyable experience and one I'll stay involved in with a portion of my overall investment portfolio.
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Yeah I’ll echo above. I have a spreadsheet which works out my profit which currently sits about 9k. Of course I need to crystallise that for it to be an actual profit. However, the coins I have are all long term holds which should be up no matter what. I’m hopeful that vechain will hit £1 in the future which will give me a fairly large profit

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8 minutes ago, gaz5 said:

I'm now over 200% ROI on my crypto portfolio since February.

I'm 9% ROI on my ISA in the same period.

I guess it's possible to make that kind of return in equities by picking the right stocks, but they're far more "few and far between" then in crypto IMO.

As a complete crypto noob my returns in the first half of the year were mostly dumb luck and even now having spent 10 months learning I know I could have tripled or more the return I have.

I'm fine that people don't like crypto, but for me it's been an enjoyable experience and one I'll stay involved in with a portion of my overall investment portfolio.

That's a very good return on both. A lot to do with timing obviously. 

I'm not completely against crypto. It looks like a way of making a very good return in a short time. Or losing. 😃

As part of a diversified investment portfolio it could be useful. Especially for the younger more risk on investor. As long as no-one is mad enough to bet all their eggs in the crypto basket.

Just jealous I never bought in when my mate advised me to. I'm too old and close to my pension age to go for it in any big way.

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54 minutes ago, Suspect Device said:

Surely that depends what you invested in?

 

And lose, not loose.

hulk-avenger.gif

We'll put that down to a typo than a poor education.

I conveyed earlier in the thread, my initial 10k investment became 450k in January 2018 after only 8 months, the gains happened in the last fortnight of the year. It dropped back to triple my initial investment rather than 45x in a few months. The FOMO train is hard to get off of.

Not much on the Footsie than can emulate that .... that is if I got out at the right time.

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Just jealous I never bought in when my mate advised me to. I'm too old and close to my pension age to go for it in any big way.

Aye, I wouldn't recommend my father get involved in it, but the whole thing could go to zero and it wouldn't affect my lifestyle in the slightest.

I am at the stage where my monthly unrealised gains are more than my pay slip*, so I probably will have some important decisions to make over the next few years.

*obviously recent years have been good ones and the future might not be so kind, but you know what I'm getting at.
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That's a very good return on both. A lot to do with timing obviously. 
I'm not completely against crypto. It looks like a way of making a very good return in a short time. Or losing. 
As part of a diversified investment portfolio it could be useful. Especially for the younger more risk on investor. As long as no-one is mad enough to bet all their eggs in the crypto basket.
Just jealous I never bought in when my mate advised me to. I'm too old and close to my pension age to go for it in any big way.
So the "get rich quick, YOLO" crowd are the ones likely to lose our at the very least be holding red bags into the next cycle.

I've never been in it for the "quick buck" plus I'm genuinely interested in the tech (and markets in general).

For me I think making life changing money from crypto is a 2 cycle (5-6 year) game at least so that's what I'm planning for.

This cycle I got into late (though still IMO plenty of upside to come) so it's about making enough to take out my capital and de-risk completely leaving a significant enough amount remaining (after tax) to build a portfolio that will bring my retirement date forward by 10 years in the next cycle.

For me, that's what "life changing" money means. I don't care about cars and watches and all that jazz. In my head I know the figure that I want (after tax) to be able to retire and my pension is geared towards providing that from 60. My ISA is there so that every multiple of that amount I make is a year I can retire early and I look at crypto the same way. Every multiple of that figure crypto returns is a year early I can retire.

At the end of this cycle my capital risk in crypto will be zero (if it goes to plan the next 3 months) and by the end of next cycle I'll be retiring in my late 40's, hopefully.

That's long term plan.
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11 minutes ago, Kapowzer said:

We'll put that down to a typo than a poor education.

I conveyed earlier in the thread, my initial 10k investment became 450k in January 2018 after only 8 months, the gains happened in the last fortnight of the year. It dropped back to triple my initial investment rather than 45x in a few months. The FOMO train is hard to get off of.

Not much on the Footsie than can emulate that .... that is if I got out at the right time.

Certainly nothing I can think of in any of the markets going up that much. I've only ever had one 10 bagger (Sound Oil) and I've been investing for over 25 years. That took over 5 years to get there though, not 8 months.

ETA. Sound also fell like a stone after reaching the 1000% gain so it's not too different to the crypto volatility.

ASOS and Fevertree would have been 10 baggers but I sold too early. Again it would have been years to get there. 

 

Edited by Suspect Device
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