mgsontour Posted March 19, 2020 Report Share Posted March 19, 2020 Hi all, has anyone got any experience with cryptocurrencies? I assume Bitcoin is the market leader but is this the best to have a punt on with current market collapse? Maybe someone could shed some light on this forum or PM me Thanks in advance Quote Link to comment Share on other sites More sharing options...
Lloyd90 Posted March 19, 2020 Report Share Posted March 19, 2020 Is this a joke? Quote Link to comment Share on other sites More sharing options...
simonm Posted March 19, 2020 Report Share Posted March 19, 2020 Honestly I wouldn’t touch it at the best of times let alone now. Quote Link to comment Share on other sites More sharing options...
JTaylor91 Posted March 19, 2020 Report Share Posted March 19, 2020 If you want a punt on something I would go for shares in an airline whos shares were £19 before this but are now about £3. Quote Link to comment Share on other sites More sharing options...
oldypigeonpopper Posted March 19, 2020 Report Share Posted March 19, 2020 hello, now is the time to buy, Quote Link to comment Share on other sites More sharing options...
Retsdon Posted March 19, 2020 Report Share Posted March 19, 2020 (edited) One of the lads that worked here in Saudi with us invested 20,000 quid in Ripple and when he handed in his notice 8 months later it was over a million. But from what I can see, it could equally easily have gone the other way. Personally I wouldn't touch cryptos with a barge pole because I don't understand what underpins their price. It's too much of a risk. (says the man with two X3 ETF positions open in front of him as he's typing! ) Edited March 19, 2020 by Retsdon Quote Link to comment Share on other sites More sharing options...
Lloyd90 Posted March 19, 2020 Report Share Posted March 19, 2020 47 minutes ago, JTaylor91 said: If you want a punt on something I would go for shares in an airline whos shares were £19 before this but are now about £3. Assume this is also a joke. They’re in absolute crisis. Quote Link to comment Share on other sites More sharing options...
JTaylor91 Posted March 19, 2020 Report Share Posted March 19, 2020 25 minutes ago, Lloyd90 said: Assume this is also a joke. They’re in absolute crisis. Not all of them. Some have plenty of cash in the bank to tide them over.However TUI are looking like they could go bust. Quote Link to comment Share on other sites More sharing options...
oldypigeonpopper Posted March 19, 2020 Report Share Posted March 19, 2020 hello, Branson has a billion or so, enough to keep his staff secure, Quote Link to comment Share on other sites More sharing options...
PPP Posted March 19, 2020 Report Share Posted March 19, 2020 Punt? Invest or store? Store - Gold Punt - couple of big funeral directors that nearly went could have their day, firearms cos Invest - Ftse and Oil look good as med to long term Quote Link to comment Share on other sites More sharing options...
mgsontour Posted March 19, 2020 Author Report Share Posted March 19, 2020 1 hour ago, Retsdon said: One of the lads that worked here in Saudi with us invested 20,000 quid in Ripple and when he handed in his notice 8 months later it was over a million. But from what I can see, it could equally easily have gone the other way. Personally I wouldn't touch cryptos with a barge pole because I don't understand what underpins their price. It's too much of a risk. (says the man with two X3 ETF positions open in front of him as he's typing! ) Like yourself I don't understand the mechanics/underpinning of them, however, I know they are popular and had a big dive like the airlines/insurers/all of my portfolio etc etc however, the youngsters ( mostly involved with Cryptos ) see things differently to us lot that enjoy sitting at the bottom of a field with a gun, SO, I still think it's a good addition to my portfolio as a daft punt ( but maybe not that daft ) but I've looked at buying some and it doesn't seem straight forward to me, a little like which cart/choke to use. . . . if you don't know you don't know but I'm keen to learn if someone can give me the heads up? Cheers Quote Link to comment Share on other sites More sharing options...
PPP Posted March 19, 2020 Report Share Posted March 19, 2020 2 minutes ago, oldypigeonpopper said: hello, Branson has a billion or so, enough to keep his staff secure, Ha ha.. as if Beardy would step in with his own cash 😀😀😀 Quote Link to comment Share on other sites More sharing options...
Munzy Posted March 19, 2020 Report Share Posted March 19, 2020 5 hours ago, Retsdon said: One of the lads that worked here in Saudi with us invested 20,000 quid in Ripple and when he handed in his notice 8 months later it was over a million. But from what I can see, it could equally easily have gone the other way. Personally I wouldn't touch cryptos with a barge pole because I don't understand what underpins their price. It's too much of a risk. (says the man with two X3 ETF positions open in front of him as he's typing! ) Your ex-colleague is also a total bull****ter! Ripple hasn’t seen anywhere near a 5000% increase EVER let alone in the last 2 years! OP, as with many stocks at this time, it’s a better time to be buying than 2 months ago. Be careful though, a lot will go to zero. Bitcoin will rise but not in the short term. Quote Link to comment Share on other sites More sharing options...
Vince Green Posted March 19, 2020 Report Share Posted March 19, 2020 (edited) A ponsi currency, it only exists because people believe it will make them money. Anything that looks too good to be true is because it is too good to be true. Money cannot be created from nothing. Edited March 19, 2020 by Vince Green Quote Link to comment Share on other sites More sharing options...
Retsdon Posted March 19, 2020 Report Share Posted March 19, 2020 (edited) 14 minutes ago, Munzy said: Your ex-colleague is also a total ********ter! Ripple hasn’t seen anywhere near a 5000% increase EVER let alone in the last 2 years! Who mentioned the last two years? He bought it at issue, when it was priced in cents and he was still holding it when he left here and it was priced in $.That would have been maybe 3 years ago now. Go and look at a chart. I remember he was making $20,000 a day while he was teaching classes! Hold your horses before you start calling people out. Edited March 19, 2020 by Retsdon Quote Link to comment Share on other sites More sharing options...
Gordon R Posted March 19, 2020 Report Share Posted March 19, 2020 Quote Ripple hasn’t seen anywhere near a 5000% increase EVER I don't think he restricted his comment to two years. Quote Link to comment Share on other sites More sharing options...
Lloyd90 Posted March 19, 2020 Report Share Posted March 19, 2020 4 minutes ago, Vince Green said: A ponsi currency, it only exists because people believe it will make them money. Anything that looks too good to be true is because it is too good to be true. Money cannot be created from nothing. Tell that to the people who bought on release and cashed out when worth millions Quote Link to comment Share on other sites More sharing options...
Vince Green Posted March 19, 2020 Report Share Posted March 19, 2020 10 minutes ago, Lloyd90 said: Tell that to the people who bought on release and cashed out when worth millions Oh yes but the millions came from people who lost their money. That's how these things work. Quote Link to comment Share on other sites More sharing options...
Munzy Posted March 19, 2020 Report Share Posted March 19, 2020 26 minutes ago, Gordon R said: I don't think he restricted his comment to two years. ☝️ Quote Link to comment Share on other sites More sharing options...
JohnfromUK Posted March 20, 2020 Report Share Posted March 20, 2020 14 hours ago, Vince Green said: Money cannot be created from nothing. Perhaps you could let the Labour party know? 19 hours ago, Retsdon said: Personally I wouldn't touch cryptos with a barge pole because I don't understand what underpins their price. This /\ - never invest in things you don't understand why they have a value. I would not do crypto for that very reason - but of those who do understand it ....... some have done very well. I think the airlines that will survive and bounce back would be those airlines with cash reserves, no major borrowings and good cargo businesses (which will keep some revenue flowing), and companies that were actually doing well before can retain a presence during - and whose business will quickly come back on resumption of 'normal business' (one example might be Greggs, but don't take that as a 'tip' as I'm no expert). I would be wary of travel businesses. Just my ideas and please don't think I'm am expert 'tipster'. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.