Parklife Posted July 29, 2021 Share Posted July 29, 2021 4 hours ago, Quagmire said: Bought every month since April. Still think it’ll break all time highs by year end. What currencies you been continuing to buy, Q? Link to comment
Redforever86 Posted July 29, 2021 Share Posted July 29, 2021 Still up $300 be alright. Link to comment
Quagmire Posted July 29, 2021 Share Posted July 29, 2021 2 hours ago, Parklife said: What currencies you been continuing to buy, Q? ADA, ETH, DOT, MATIC and VET. I’ve sold, bought and traded others along the way but I’m probably worse off for it. Dollar cost averaging and HODL seems to be the best strategy. Should do alright out of it if they all make it back to their previous highs. Bitcoin making a bit of a recovery now so we’ll see. Link to comment
skye_don Posted July 29, 2021 Share Posted July 29, 2021 18 minutes ago, Quagmire said: ADA, ETH, DOT, MATIC and VET. I’ve sold, bought and traded others along the way but I’m probably worse off for it. Dollar cost averaging and HODL seems to be the best strategy. Should do alright out of it if they all make it back to their previous highs. Bitcoin making a bit of a recovery now so we’ll see. Dollar cost averaging and HODL is my approach also. Not through my skill, just what I ended up doing over time. Only have BTC and ETH. It's volatile as fuck though. Link to comment
Quagmire Posted July 29, 2021 Share Posted July 29, 2021 31 minutes ago, skye_don said: Dollar cost averaging and HODL is my approach also. Not through my skill, just what I ended up doing over time. Only have BTC and ETH. It's volatile as fuck though. Trading is a sure fire way of losing your money fast if you don’t know what you’re doing. I thought making 1% a day on the market would be easy. So if you had $10,000 making 1% is $100. Sounds easy enough cos the price can range between a few percent even on the quietest of days. I tried shorting with my ADA wallet and made some extra coins the first few times and then lost them and a little extra by thinking I had sussed it. It’s not worth it unless you’re up to speed with when to enter a trade, setting stop limits, supports and resistance levels, when to take profit etc. Then you need to have big balls to have the patience to let it play out. Too much effort and risk. Buying and praying it goes up is easier. Link to comment
Redforever86 Posted July 29, 2021 Share Posted July 29, 2021 1 hour ago, Quagmire said: Buying and praying it goes up is easier. Love viagra. Link to comment
Ke1t Posted August 6, 2021 Author Share Posted August 6, 2021 Cryptos ROARING BACK, Baby! Link to comment
Poodler Posted August 12, 2021 Share Posted August 12, 2021 https://www.bbc.co.uk/news/business-58180692 Link to comment
maryhilldon Posted August 12, 2021 Share Posted August 12, 2021 4 minutes ago, Poodler said: https://www.bbc.co.uk/news/business-58180692 It's not real money is it? The hacker stole over £400m and gave back less than half, then was asked to 'get in touch, to work something out'? I don't get it? Link to comment
Redforever86 Posted August 13, 2021 Share Posted August 13, 2021 Cashed out my ADA. Was a fun ride, made about 90% profit overall. Still got my small stake in XLM. Time for something new, too much risk in Crypto for me to throw serious money at it. Link to comment
Quagmire Posted August 13, 2021 Share Posted August 13, 2021 Still buying Cardano every month. Link to comment
Ke1t Posted August 13, 2021 Author Share Posted August 13, 2021 2 hours ago, Redforever86 said: Cashed out my ADA. Was a fun ride, made about 90% profit overall. Still got my small stake in XLM. Time for something new, too much risk in Crypto for me to throw serious money at it. I like the look of Cardano... fucking lovely logo... so I chucked a pretty good wedge of cash on it. The price immediately... and I mean IMMEDIATELY, like in a matter of hours immediately... fell through the fucking floor, and I was down about 60% by the time it stopped rocketing towards complete worthlessness. ? ? The funniest thing about it was I used money from an account that I'd been planning to use to buy, at first, an abandoned mining town, and after the wife had vetoed that transaction, a large chunk of Floridian property that was nothing but swamp and alligators... which she also nixxed. Wife was fucking fuming about The Great The Cryptos Crash, and I was able to rub her nose in it with, "Well, if you'd let me spend it on what I wanted you'd at least still have crocodiles." ? She doesn't really get my sense of humour, to be honest. Anyway, all those losses are largely wiped out, and we're back in the black with The Cryptos, as they climb relentlessly towards making me a The Cryptos billionaire. I've also got Ethereum (not bad), Bitcoin (not bad), Litecoin (meh), Essentia (shite), XLM (whatever the fuck that is), STP (no idea what that is), and someone suggested RAMP (practically worthless now) Link to comment
Guest milne_afc Posted August 13, 2021 Share Posted August 13, 2021 14 minutes ago, Ke1t said: I Resembles a well polished jackpot. That’s what I take from it anyway. Link to comment
Parklife Posted August 19, 2021 Share Posted August 19, 2021 On 8/13/2021 at 7:41 PM, Ke1t said: I like the look of Cardano... fucking lovely logo... so I chucked a pretty good wedge of cash on it. The price immediately... and I mean IMMEDIATELY, like in a matter of hours immediately... fell through the fucking floor, and I was down about 60% by the time it stopped rocketing towards complete worthlessness. ? ? The funniest thing about it was I used money from an account that I'd been planning to use to buy, at first, an abandoned mining town, and after the wife had vetoed that transaction, a large chunk of Floridian property that was nothing but swamp and alligators... which she also nixxed. Wife was fucking fuming about The Great The Cryptos Crash, and I was able to rub her nose in it with, "Well, if you'd let me spend it on what I wanted you'd at least still have crocodiles." ? She doesn't really get my sense of humour, to be honest. Anyway, all those losses are largely wiped out, and we're back in the black with The Cryptos, as they climb relentlessly towards making me a The Cryptos billionaire. I've also got Ethereum (not bad), Bitcoin (not bad), Litecoin (meh), Essentia (shite), XLM (whatever the fuck that is), STP (no idea what that is), and someone suggested RAMP (practically worthless now) Fucking flying now @Kelt Thanks to our resident crypto ledge @Redforever86 for getting me in on it. Link to comment
Ke1t Posted August 19, 2021 Author Share Posted August 19, 2021 Yeah, The Cardanos™ went mental today... Was expecting it to dip below $2 USD, and instead it went BOOM! I'm hodling till it hits $10, then I'm bailing. Link to comment
Quagmire Posted August 20, 2021 Share Posted August 20, 2021 9 hours ago, Parklife said: Fucking flying now @Kelt Thanks to our resident crypto ledge @Redforever86 for getting me in on it. Hopefully you didn’t follow his lead and sell! Link to comment
Parklife Posted August 20, 2021 Share Posted August 20, 2021 1 minute ago, Quagmire said: Hopefully you didn’t follow his lead and sell! Nah. Still got all mines. Wish I'd copied you and bought more though Link to comment
Quagmire Posted August 20, 2021 Share Posted August 20, 2021 56 minutes ago, Parklife said: Nah. Still got all mines. Wish I'd copied you and bought more though Still early I reckon. Can see it pumping until Sept 12th then people might sell at smart contracts before it gradually builds up again. Still hoping for $5-10 by end of the year. Link to comment
Redforever86 Posted August 20, 2021 Share Posted August 20, 2021 9 hours ago, Quagmire said: Hopefully you didn’t follow his lead and sell! Feel like I took one for the team. Even now would only be a few hundred difference in profits. Enjoy the gold rush lads. Link to comment
Admin Bebo Posted August 21, 2021 Admin Share Posted August 21, 2021 If you have Cardano (ADA), make sure you're staking it on an exchange like Binance or a non-custodial wallet to earn 5-7%+ APY. Link to comment
Parklife Posted August 21, 2021 Share Posted August 21, 2021 40 minutes ago, Bebo said: If you have Cardano (ADA), make sure you're staking it on an exchange like Binance or a non-custodial wallet to earn 5-7%+ APY. How does that work? Are my coins at risk from doing it? Link to comment
Admin Bebo Posted August 21, 2021 Admin Share Posted August 21, 2021 21 minutes ago, Parklife said: How does that work? Are my coins at risk from doing it? The whole point of ADA is proof of stake. You delegate your coins to make the network function, and gain more ADA as a reward for it. Eth is moving to this too. Over 70% of all the ADA in circulation is currently staked and earning interest. When you stake on an exchange, you lock them in a fixed term for 30, 60, 90 days etc for varying amount of interest rates, with increasing rates depending on how long you locked them for, earning you more ADA the longer its locked. Risk free as long as the exchange doesn't go bust, i guess. So the same amount of risk if you leave them on an exchange anyway. I stake ADA on Binance for 7.79% for 60 day locked periods. Although i do 7 or 15 days at 15%-20% when it's available. In a non-custodial wallet, it's risk free and you don't need to lock them in but a bit more complicated than doing so via an exchange. Link to comment
Parklife Posted August 21, 2021 Share Posted August 21, 2021 20 minutes ago, Bebo said: The whole point of ADA is proof of stake. You delegate your coins to make the network function, and gain more ADA as a reward for it. Eth is moving to this too. Over 70% of all the ADA in circulation is currently staked and earning interest. When you stake on an exchange, you lock them in a fixed term for 30, 60, 90 days etc for varying amount of interest rates, with increasing rates depending on how long you locked them for, earning you more ADA the longer its locked. Risk free as long as the exchange doesn't go bust, i guess. So the same amount of risk if you leave them on an exchange anyway. I stake ADA on Binance for 7.79% for 60 day locked periods. Although i do 7 or 15 days at 15%-20% when it's available. In a non-custodial wallet, it's risk free and you don't need to lock them in but a bit more complicated than doing so via an exchange. Thanks for the explanation. Much appreciated. I have my coins on binance at present anyway, so will do it. I've no intention of selling over the next 60 days anyway, so may as well get a few extra for it. Link to comment
Quagmire Posted August 21, 2021 Share Posted August 21, 2021 52 minutes ago, Bebo said: The whole point of ADA is proof of stake. You delegate your coins to make the network function, and gain more ADA as a reward for it. Eth is moving to this too. Over 70% of all the ADA in circulation is currently staked and earning interest. When you stake on an exchange, you lock them in a fixed term for 30, 60, 90 days etc for varying amount of interest rates, with increasing rates depending on how long you locked them for, earning you more ADA the longer its locked. Risk free as long as the exchange doesn't go bust, i guess. So the same amount of risk if you leave them on an exchange anyway. I stake ADA on Binance for 7.79% for 60 day locked periods. Although i do 7 or 15 days at 15%-20% when it's available. In a non-custodial wallet, it's risk free and you don't need to lock them in but a bit more complicated than doing so via an exchange. I think its 7.79 APY so doesn't work out as 7.79% over 60 days? I could be wrong though. 31 minutes ago, Parklife said: Thanks for the explanation. Much appreciated. I have my coins on binance at present anyway, so will do it. I've no intention of selling over the next 60 days anyway, so may as well get a few extra for it. I would think about setting up a stop loss around about the 12th September. Generally when a big event happens (like smart contracts going live) the market pumps then dumps around that time. If it does dump 30-40% and you set up a stop loss for around -10% of the price then you'll make more Cardano than you would by staking by buying back in lower than it dumps. Its risky but that's why you stick a stop loss in if it starts to fall too fast for you to react. It will recover either way so there's no risk staking and forgetting about it. Link to comment
Admin Bebo Posted August 21, 2021 Admin Share Posted August 21, 2021 25 minutes ago, Quagmire said: I think its 7.79 APY so doesn't work out as 7.79% over 60 days? I could be wrong though. I did mention that in my initial comment: 2 hours ago, Bebo said: If you have Cardano (ADA), make sure you're staking it on an exchange like Binance or a non-custodial wallet to earn 5-7%+ APY. Speaking of staking, i've found Algorand (ALGO) has one of the easiest and most seamless staking experiences. Stick it in the wallet and it automatically stakes rewards without faffing. Link to comment
Quagmire Posted October 18, 2021 Share Posted October 18, 2021 Sold a jpeg of a monkey with a grenade in its mouth for a hefty fee and regretting it terribly. Link to comment
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