Stockmarket And Investing Thread

Discussion in 'General Chat' started by Arterial Dan, Jan 21, 2021.

  1. The Red Meat Kid

    The Red Meat Kid Elite Member

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    Watch out for THETA, chain link and XRP
     
    #31
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  2. RAD

    RAD Elite Member

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    I would buy a holiday home in Portugal it's a growing market.........it just so happens....LOL
     
    #32
  3. mick_the_brick

    mick_the_brick Administrator

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    Seriously we did consider buying a portfolio of properties then manahijg them as rented accommodation.

    But when we ran the maths its a shit load of hassle for little return
     
    #33
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  4. Dirty Harry

    Dirty Harry Moderator Staff Member

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    It's nothing much mate, but it's ok considering I've been through two divorces zzz , it'd been rented out privately for decades, so when they came to sell (he was getting on, selling up all his properties and moving to Cornwall) they literally just splashed a load of cheap white paint all over, so pretty basic and a clean canvas.
     
    #34
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  5. RAD

    RAD Elite Member

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    Rental market is dead on it's arse tbh ....but if you fancy a nice little static I can sort you.............plus my gym isn't closed...........I know your tempted now LMAO.
     
    #35
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  6. Arterial Dan

    Arterial Dan Administrator Staff Member

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    Might be worth a look at Ethereum if you have some cash available to invest.
    I'm up 400% on a small investment since September.
    Expectations are that it will increase a bit yet due to scarcity.
    I think a lot of people who missed the BitCoin train are trying to get on the Ethereum train.

    I wouldn't put much in, but it's still cheap enough to buy one coin if you feel like taking a risk.
    I don't think it will ever reach the highs of BitCoin, but it doesn't seem as volatile.
     
    #36
  7. Arterial Dan

    Arterial Dan Administrator Staff Member

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    This is climbing better than I expected
     
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  8. spearman

    spearman Elite Member

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    Is there any crypto investment company’s that will do it all for you.

    I.e. pay them £200 a month and they spread it into whatever crypto is hot?
     
    #38
  9. spearman

    spearman Elite Member

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    It’s up 700% in a year
     
    #39
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  10. The Red Meat Kid

    The Red Meat Kid Elite Member

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    An old flat mate of mine asked if me and the 3rd flat mate all wanted to invest a couple hundred in Eth.

    That was around 5 years ago when I thought crypto was just Mickey Mouse nonsense lol kicking myself
     
    #40
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  11. Arterial Dan

    Arterial Dan Administrator Staff Member

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    Shame here,.more or less.

    I knew about it years ago, but didn't take it seriously until it hit 4.5k
    At that stage, i thought i had missed the boat
    Now it's holding well sbove 20k, lol

    Thats why i jumped on Ethereum tho, still low enough to get on and it's technically a better platform than bitcoin.
     
    #41
  12. Arterial Dan

    Arterial Dan Administrator Staff Member

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    Can do it.yourself on coinbase mate.

    Bitcoin, Ethereum and the ones Red Meat listed earlier in the thread are the hot ones, probably won't change that much.
    So you could dollar cost average yourself, altho try to be ahead of the wave obviously
     
    #42
  13. NO_SHANE_HERE

    NO_SHANE_HERE Elite Member

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    You rate eth for a long term?
     
    #43
  14. The Red Meat Kid

    The Red Meat Kid Elite Member

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    If you look into the coins, some are much more than just currency for online transactions.

    Theta token basically is building a network to reduce content delivery costs by people opting in setting up there computers as nodes to facilitate storing code which will play a Part in tamper proof trades, sales, decentralised financial contracts etc which will pump coin price up. I think it will be my biggest gain by end of the year.
     
    #44
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  15. Arterial Dan

    Arterial Dan Administrator Staff Member

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    Depends on a lot of things.
    Cryptocurrency markets are highly volatile.

    First Cryptocurrency I invested in was Litecoin. I think I just bought one and I bought it because it was cheap and Bitcoin was taking off properly.
    I think it cost me 60 quid or something.
    Since my first dip, it has halved then doubled, and now sitting around a 60% increase.

    Since I bought Ethereum, it has mainly increased, but with a number of dips.

    I looked at Bitcoin seriously in 2017 when starting to become really valuable, around 4.5k
    There were certain movements going on, that made me hold back, as it looked like there would be some type of government intervention etc.
    It went up to 15k by Dec 18
    By Feb of this year, it had fallen to 2.6k
    Current, it's back up around 26k

    I seriously considered buying one in April, but I didn't know what to expect with Covid, so again I held off.
    I invested in British businesses and got my ass handed to me (especially with British Airways, but I'm prepared to sit on it until it comes good)

    If I'd given BA a miss and bought one bitcoin, I would have made about 24k
    If I'd bought two, I would have made about 48k
    I have money locked into BA that I can't touch probably for years

    My attitude to crpytocurrency at this stage, is that I will buy a little bit of the promising ones on the dips.

    Bitcoin is extremely volatile (Etheruem a little bit less so), so you have be prepared to sit on, and even lose, most of your investment.
    But it seems to be very resilient - it keeps breaking every price ceiling (then collapses, then rebounds higher).

    Ethereum is for people who missed Bitcoin, or who are worried about the ire Bitcoin is attracting - that's how i look at it.
    It's the next big dog after Bitcoin, but still cheap enough to get into.
    It's taking off now and there is a chance it might hit a point where it surges due to scarcity.
    But again, you have to be prepared for it to crash.
    Only invest money you can afford to lose.
    Some of the cryptos are cheap as chips and making returns you could only dream of in the stock market.

    I figure it can't hurt to buy a token here and there and sit on it for 10 years if needs be.

    Of course, bear in mind that there are bubbles forming all over the place right now, in stocks, in cryptos and in property.
    Bubbles always burst sooner or later - but if you get in early enough, you can still turn a profit.
     
    #45