Investments, stocks, shares

[Izzy]

35 minutes ago, whoareyaaa said:

Usually when you setup the Ledger you have to put a pin in, maybe re-install the software and connect it via usb and see if you can remember the pin as you won't need the recovery phrase this way.

 

if you have lost your recovery phrase and don't know the pin then it will be lost forever.

 

ETH has hardly moved though in 2 and half years so probably be worth the same.

Thanks mate, appreciate that. 

 

I keep hearing that Bitcoin has been going up in value but sounds like that's different to Ethereum?

 

Will see if my boy can remember his pin!

[HighPeakFox]

1 hour ago, Grebfromgrebland said:

Well that Trump coin is going well I've more than doubled. 

 

This has probably been the most obvious free hit I can ever remember apart from betting on a Leicester loss.  

 

 

I hate myself for asking, but what the hell is it?

[The Bear]

9 minutes ago, HighPeakFox said:

I hate myself for asking, but what the hell is it?

Just some made up crypto currency. 

[HighPeakFox]

Just now, The Bear said:

Just some made up crypto currency. 

I get that, but because I do not get how this stuff works, how are people making fortunes off the back of it?

[The Bear]

2 minutes ago, HighPeakFox said:

I get that, but because I do not get how this stuff works, how are people making fortunes off the back of it?

Like any other stock or share. The more people pump money and invest into it, the more the value increases. 

 

It's just that with crypto it's all hypothetical value so it's a house of cards waiting to collapse as soon as any of the major investors sells all their holdings. 

[HighPeakFox]

1 minute ago, The Bear said:

Like any other stock or share. The more people pump money and invest into it, the more the value increases. 

 

It's just that with crypto it's all hypothetical value so it's a house of cards waiting to collapse as soon as any of the major investors sells all their holdings. 

In other words, anyone currently investing is taking a major, major gamble

[leicsmac]

1 minute ago, The Bear said:

Like any other stock or share. The more people pump money and invest into it, the more the value increases. 

 

It's just that with crypto it's all hypothetical value so it's a house of cards waiting to collapse as soon as any of the major investors sells all their holdings. 

And when that happens, as it always does, the only ones making money are the ones who started it or the ones that have insider information. Trump knows this as well as anyone.

 

It's the 80's/early 90's pump and dump con scheme with more sophistication.

[whoareyaaa]

 

31 minutes ago, Izzy said:

Thanks mate, appreciate that. 

 

I keep hearing that Bitcoin has been going up in value but sounds like that's different to Ethereum?

 

Will see if my boy can remember his pin!

The simplest way to put it is Bitcoin is viewed like Gold while Ethereum is like silver.

 

Bitcoin also has a limited supply. 5x less than Ethereum.

 

Most applications run off Ethereum though while BTC is more a store of value.

[The Bear]

5 minutes ago, HighPeakFox said:

In other words, anyone currently investing is taking a major, major gamble

Yep. That Hawk Tuah woman made her own crypto thing that jumped up in value and made millions overnight, but then her and a select group of her investors suddenly withdrew all of their investment (over a short period of time where everybody else was restricted from trading), and it crashed down to nothing. Her and her friends who set it all up basically took everybody's money and did a runner. She's now being investigated by the authorities. 

 

At least with someone like Trump you know it'll probably last a lot longer than that and you should be able to stay involved for a while and make a bit of money. 

Edited 19 January by The Bear

[HighPeakFox]

1 minute ago, The Bear said:

Yep. That Hawk Tuah woman made her own crypto thing that jumped up in value and made millions overnight, but then her and a select group of her investors suddenly withdrew all of their investment (over a short period of time where everybody else was restricted from trading), and it crashed down to nothing. Her and her friends who set it all up basically took everybody's money and did a runner. Shes5now being investigated by the authorities. 

 

At least with someone like Trump you know it'll probably last a lot longer than that and you should be able to stay involved for a while and make a bit of money. 

I think I will stick with my FWRG, although doing a brisk double up sounds very attractive.

[The Bear]

Just now, HighPeakFox said:

I think I will stick with my FWRG, although doing a brisk double up sounds very attractive.

I'll stick a couple of hundred dollars worth in later today and leave it for a few months and see what happens. 

[whoareyaaa]

4 minutes ago, leicsmac said:

And when that happens, as it always does, the only ones making money are the ones who started it or the ones that have insider information. Trump knows this as well as anyone.

 

It's the 80's/early 90's pump and dump con scheme with more sophistication.

You could have got in at 500m, even under 1 billion, it's a 71x return loads of people made silly amounts of money who have no inside info.

 

I track some wallets as do a bit of trading one wallet I was tracking put 200k in he only had 300k portfolio and its now worth almost 6 million USD within 24 hrs.

 

 

 

this was called in one channel I'm in at 328m that's a 166x return, crazy really.

[HighPeakFox]

1 minute ago, whoareyaaa said:

You could have got in at 500m, even under 1 billion, it's a 71x return loads of people made silly amounts of money who have no inside info.

 

I track some wallets as do a bit of trading one wallet I was tracking put 200k in he only had 300k portfolio and its now worth almost 6 million USD within 24 hrs.

 

 

 

this was called in one channel I'm in at 328m that's a 166x return, crazy really.

Can you lend me a tenner?  

[leicsmac]

7 minutes ago, whoareyaaa said:

You could have got in at 500m, even under 1 billion, it's a 71x return loads of people made silly amounts of money who have no inside info.

 

I track some wallets as do a bit of trading one wallet I was tracking put 200k in he only had 300k portfolio and its now worth almost 6 million USD within 24 hrs.

 

 

 

this was called in one channel I'm in at 328m that's a 166x return, crazy really.

... and unless that person finds someone to offload that value to soon then they'll lose it all again when the value crashes.

 

But of course they'll stay the course because "hey, it's going to keep going up, right?"

 

That's the sentiment every originator of every pump and dump scheme relies upon to make their money.

 

Pardon my cynicism about this, but there's been so many get-rich-quick ideas like this floated since the dawn of currency. A few people (either lucky or in on it) get rich. The vast majority lose the shirt off their backs.

Edited 19 January by leicsmac

[HighPeakFox]

1 minute ago, leicsmac said:

... and unless that person finds someone to offload that value to soon then he'll lose it all again when the value crashes.

 

But of course they'll stay the course because "hey, it's going to keep going up, right?"

 

That's the sentiment every originator of every pump and dump scheme relies upon to make their money.

 

Pardon my cynicism about this, but there's been so many get-rich-quick ideas like this floated since the dawn of currency. A few people (either lucky or in on it) get rich. The vast majority lose the shirt off their backs.

Don't worry mac, I'm not going there  

Edited 19 January by HighPeakFox

[leicsmac]

NB. People can use their money how they like, but caveat emptor and when the market gets volatile when schemes come crashing down, everyone gets hurt - not just the ones directly involved.

Edited 19 January by leicsmac

[Grebfromgrebland]

27 minutes ago, HighPeakFox said:

I hate myself for asking, but what the hell is it?

Well considering the amount of money I put into these things I struggle to fully understand what it is. I understand bits.

 

Trump coin is basically a crypto currency linked to Donald Trump where he made c. 23B overnight.

 

Think of it as shares which increase in value the more demand there is and vice versa. The risk is 99.999% of your initial investments.  Unlike shares though there's no obvious utility or even a company behind it. 

 

These are high risk high reward things to dabble in but if you're sensible you can make a good return. 

 

As far as I know and I advise people on investments, nothing beats the returns and losses available on crypto and that is the global attraction. Being able to short cut yourself into life changing amounts of money. 

 

Millions of people have achieved this many of them just teenagers.

 

If you really want to get started I'd open an account on crypto.com. Be prepared to go through plenty of id&v including making video with a dated sign and uploading your passport etc.

 

Then buy into their premade portfolios such as the US bluechip portfolio which is a fund of 10 different coins. That made over 200% over the last year.

 

Which is steady. 

 

For comparison that trump coin made 200% overnight but is far more risky than that portfolio.

 

 

[whoareyaaa]

44 minutes ago, leicsmac said:

... and unless that person finds someone to offload that value to soon then they'll lose it all again when the value crashes.

 

But of course they'll stay the course because "hey, it's going to keep going up, right?"

 

That's the sentiment every originator of every pump and dump scheme relies upon to make their money.

 

Pardon my cynicism about this, but there's been so many get-rich-quick ideas like this floated since the dawn of currency. A few people (either lucky or in on it) get rich. The vast majority lose the shirt off their backs.

Depends on the coin really, as the developer / creator can add liquidity which can be locked also you can analyze how much each person holds and many other variables, it's a lot more transparent than you think as everything is available on chain.

 

Obviously there a plenty of pump and dump schemes but also plenty of legit offerings as well, like anything research is key

Edited 19 January by whoareyaaa

[leicsmac]

24 minutes ago, whoareyaaa said:

Depends on the coin really, as the developer / creator can add liquidity which can be locked also you can analyze how much each person holds and many other variables, it's a lot more transparent than you think as everything is available on chain.

 

Obviously there a plenty of pump and dump schemes but also plenty of legit offerings as well, like anything research is key

That's fair enough.

 

Guess it's the same with a lot of things tbh, again, caveat emptor.

[Ian Nacho]

I just stick my money in a FSTE All World Fund and chill. 

[HighPeakFox]

22 minutes ago, Ian Nacho said:

I just stick my money in a FSTE All World Fund and chill. 

That's exactly what I have done.

[CheeseHead]

13 hours ago, Ian Nacho said:

I just stick my money in a FSTE All World Fund and chill. 

 

13 hours ago, HighPeakFox said:

That's exactly what I have done.

FTSE all-world up 40% last 2 years. S&P 500 up 56% last 2 years. Just saying! 

 

In truth the S&P 500, or the mag-7 in particular, is probably a massive chunk of the all-world index

[Lako42]

29 minutes ago, CheeseHead said:

 

FTSE all-world up 40% last 2 years. S&P 500 up 56% last 2 years. Just saying! 

 

In truth the S&P 500, or the mag-7 in particular, is probably a massive chunk of the all-world index

They are, but if you only invest in a Mag 7 slanted fund or just those funds then you miss the next one. 

[CheeseHead]

@Lako42 I'm disappointed in not pulling the trigger on EEE about a month ago. Missed a nice little upsurge..

[Lako42]

8 minutes ago, CheeseHead said:

@Lako42 I'm disappointed in not pulling the trigger on EEE about a month ago. Missed a nice little upsurge..

Much news due, should hopefully make moves back towards the high in time.