Someone give me a beginners/dummy guide to investing in Crypto. I understand about wallets and portfolios etc but that’s about it.

What should I invest in? I know Bitcoin took a huge hit due to that Musk announcement last week.

Does anyone own any matic coin?

I was looking at this when it was around £0.35. Now it’s almost £1.50. Wish I’d got in

comment by palmers_spur (U8896)
posted 2 hours, 42 minutes ago
Does anyone own any matic coin?

I was looking at this when it was around £0.35. Now it’s almost £1.50. Wish I’d got in
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I did. Brilliant returns. Unfortunately I had to sell a pile at 72p last week. Gutted

comment by Who's Kissing Cameras (U1703)
posted 6 hours, 22 minutes ago
Someone give me a beginners/dummy guide to investing in Crypto. I understand about wallets and portfolios etc but that’s about it.

What should I invest in? I know Bitcoin took a huge hit due to that Musk announcement last week.
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The only real advice I can give is to do your own research on what you choose to invest in, only invest what you can afford to lose, and never sell in the red

The market is very volatile and no one can give you an assurances on a dead cert.

Comment deleted by Site Moderator

Sold 400 Polygon for £90

Not looking good is it...

Anyone still bullish? I’ve been holding all the way down, hoping for a bounce.

Where do people see this downtrend ending?

comment by Who's Kissing Cameras (U1703)
posted 20 hours, 57 minutes ago
Someone give me a beginners/dummy guide to investing in Crypto. I understand about wallets and portfolios etc but that’s about it.

What should I invest in? I know Bitcoin took a huge hit due to that Musk announcement last week.
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If you are starting out then start with Bitcoin and/or Etherium. They are the main stays as far as I can tell.

I put a little into Bitcoin every so often when they go down. Easy to set up with Coinbase or even Revolut. Pound cost average is a decent method - a few each month no matter what the price is. It evens out the highs and lows.

There’s still money to make but you will not make what those investing five or ten years ago have made. Don’t expect overnight miracles and don’t panic when they drop - buy a few more.

I liken it to buying penny shares. Put in what you can afford to lose and if you do go for a more obscure coin hope you back a winner. I put £25 in Stellar a few weeks back. Now worth £86. A bit of fun but a decent profit.

My wife let our nephews invest £500 for her back in 2015. She’s made a fortune. We’ve taken out quite a bit but she’s still sat on a huge amount of profit. Hindsight is wonderful but annoying when we really could have afforded more at the time - I just tempered things as I’m quite cautious by nature when it comes to investments.

The worst thing you can do is buy when everyone starts telling you how well they are doing. Just wait for things like the Musk announcement (he’s playing a game and no doubt investing in more coin after he’s depressed the price).

Good luck.

I always remember the head of investments at The Wesleyan, where I worked as a financial adviser for ten years. He said they had so much spare cash that when the markets fell, like in the 2008 crash, he didn’t panic but used the spare cash to buy more of the top 100 shares.

It proved a brilliant move as they were usually the top With Profits company in the country every year.

Taking his advice I think I’ll be dipping into some crypto this next day or two. Nothing to heavy though

Yeah, saving all your money for a medium - large crash and investing in FTSE companies is as solid investment as you’ll find.

comment by Stoopo (U4707)
posted 31 minutes ago
I always remember the head of investments at The Wesleyan, where I worked as a financial adviser for ten years. He said they had so much spare cash that when the markets fell, like in the 2008 crash, he didn’t panic but used the spare cash to buy more of the top 100 shares.

It proved a brilliant move as they were usually the top With Profits company in the country every year.

Taking his advice I think I’ll be dipping into some crypto this next day or two. Nothing to heavy though
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Could you buy £1b worth of bitcoin please?

comment by MourGONEho (U22347)
posted 1 hour, 40 minutes ago
Anyone still bullish? I’ve been holding all the way down, hoping for a bounce.

Where do people see this downtrend ending?
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No I’ve been bearish for a while but I have no plan to sell. Crypto is a long term investment. I sold all my except for ETH into Bitcoin last night before last night’s dump. So far it’s been a good move as the alts are crashing badly. Bitcoin dominance went do to 39% yesterday which is the lowest it’s been since April 2018.

Sold all my alts*

I moved most back to BTC/ETH last week when the memecoins were hitting peak. The greed was palpable and people were becoming quite aggressive.

Back to being at 40% ETH, 45% BTC and 15% in a couple of decent alts.

I still think this could be a correction rather than a bear market though... It happened loads of times in 2017.

75% btc, 25% usdt for me until we can see daylight

Yea, i've taken a tidy amount in USDT too, but never really think of that as part of my portfolio. That's ready for if ETH hits $100 again!

If GBP drops by a cent against the USD you’ve already made more in a day than you would in a year if it’s in a UK bank account

Comment deleted by Site Moderator

comment by Boris 'Inky’ Gibson (U5901)
posted 59 minutes ago
If GBP drops by a cent against the USD you’ve already made more in a day than you would in a year if it’s in a UK bank account
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And it’s in Nexo making a tidy 10%!

What's peoples predictions for Bitcoins bottom at the next bear market?

I see China has banned bitcoin (or placed restrictions on it at least)

Is this not a concern for the long term viability of bitcoin, and crypto in general ?

comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 38 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 59 minutes ago
If GBP drops by a cent against the USD you’ve already made more in a day than you would in a year if it’s in a UK bank account
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And it’s in Nexo making a tidy 10%!
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10% on fiat or the value of crypto?

Im havent sold any nexo ji

I still think the platform will be viable regardless of which coins take over. Same with Celsius

comment by Boris 'Inky’ Gibson (U5901)
posted 9 minutes ago
comment by Ji Sung Park's Cousin - A Beekers Dozen (U2958)
posted 38 minutes ago
comment by Boris 'Inky’ Gibson (U5901)
posted 59 minutes ago
If GBP drops by a cent against the USD you’ve already made more in a day than you would in a year if it’s in a UK bank account
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And it’s in Nexo making a tidy 10%!
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10% on fiat or the value of crypto?
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on the USDT

comment by Blarmy (U14547)
posted 4 minutes ago
Im havent sold any nexo ji

I still think the platform will be viable regardless of which coins take over. Same with Celsius
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I sold about 50% of my Nexo last week. Even the very best alts will bleed, BTC is the safe space this week... I'll move some back into nexo once the dust settles.