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Introducing the LemonFools Personal Finance Calculators

Cryptocurrency Investing

Any other investment discussions eg. peer to peer lending
nathan
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Cryptocurrency Investing

#108083

Postby nathan » January 5th, 2018, 11:42 am

Well, perhaps 'speculating', rather than investing!

Does anybody on here have experience in how to get started in this area? Given that volatility may equal opportunity, it would be interesting to take a small position and learn about this area.

Nathan

moorfield
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Re: Cryptocurrency Investing

#108106

Postby moorfield » January 5th, 2018, 12:55 pm

However you do cryptocurrency speculation or investment, remember it's an extremely immature and volatile asset class. You need to start with some serious risk management before you enter any position. Plan for, at least, a 50% price drop in the underlying. If you want to learn, "paper trade" a small position for the next few months.

PinkDalek
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Re: Cryptocurrency Investing

#108112

Postby PinkDalek » January 5th, 2018, 1:06 pm

nathan wrote:Well, perhaps 'speculating', rather than investing!

Does anybody on here have experience in how to get started in this area? Given that volatility may equal opportunity, it would be interesting to take a small position and learn about this area.

Nathan


Plenty on Bitcoins, Britcoins, Cryptocurrencies etc over at "Other Investing":

viewforum.php?f=78

moorfield
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Re: Cryptocurrency Investing

#108114

Postby moorfield » January 5th, 2018, 1:07 pm

nathan wrote:Does anybody on here have experience in how to get started in this area?


... and to answer your question, most of the main spreadbetting brokers are now offering bitcoin markets, the simplest entry point for most.

JMN2
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Re: Cryptocurrency Investing

#108137

Postby JMN2 » January 5th, 2018, 2:51 pm

moorfield wrote:However you do cryptocurrency speculation or investment, remember it's an extremely immature and volatile asset class. You need to start with some serious risk management before you enter any position. Plan for, at least, a 50% price drop in the underlying. If you want to learn, "paper trade" a small position for the next few months.


"paper trade"...haven't heard this silly term since the late 90's...

Just buy some, one or more or a fraction depending on your means or appetite - caveat emptor - put it away and embrace the next decade as a bitcoin millionaire. What a collectible!

moorfield
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Re: Cryptocurrency Investing

#108143

Postby moorfield » January 5th, 2018, 3:19 pm

JMN2 wrote:"paper trade"...haven't heard this silly term since the late 90's...


Don't knock it - it's a useful approach for testing ones risk appetite, particularly if trading on margin.

JMN2
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Re: Cryptocurrency Investing

#108159

Postby JMN2 » January 5th, 2018, 3:45 pm

moorfield wrote:
JMN2 wrote:"paper trade"...haven't heard this silly term since the late 90's...


Don't knock it - it's a useful approach for testing ones risk appetite, particularly if trading on margin.


In the back of one's head one knows that is make believe. Doesn't teach anything to anyone.

Although, I've always played with real money and haven't learned anything...

DiamondEcho
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Re: Cryptocurrency Investing

#108165

Postby DiamondEcho » January 5th, 2018, 3:51 pm

I'd suggest it to a 'complete newbie' too. I'd have benefited from it when I started out as in it's absence I learned a few early very painful lessons in not blindly chasing the fad/tip-of-the-day (then equity warrants). Those starting out likely have an idea what their strategy is, so just create the paper-trade/shadow/virtual-portfolio equivalent, and observe for a period of time. If you added deal-costs and honest trade prices I can't see a downside from at least trialling such an pre-investment approach.

p.s. to your latest just now JMN, it isn't real so true you don't feel it as much. But if you outright overlook the outcome then you're cruising for a fall, and perhaps should start very small in live markets.

redsturgeon
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Re: Cryptocurrency Investing

#108220

Postby redsturgeon » January 5th, 2018, 6:55 pm

Moderator Message:
Moved here from "Trading My Way To A Million"

Bubblesofearth
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Re: Cryptocurrency Investing

#108273

Postby Bubblesofearth » January 6th, 2018, 7:25 am

nathan wrote:Well, perhaps 'speculating', rather than investing!

Does anybody on here have experience in how to get started in this area? Given that volatility may equal opportunity, it would be interesting to take a small position and learn about this area.

Nathan


Question - why is cryptocurrency more interesting as an investment than;

- collectables such as coins, stamps, paintings etc

- penny shares that are just as volatile as crptocurrencies.

- commodities futures

- one of many other investments that are just as volatile

Answer - because bitcoin has been the 'hot topic' in the news for the last year.

Is that a good reason to invest?

BoE

feder1
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Re: Cryptocurrency Investing

#108709

Postby feder1 » January 8th, 2018, 9:44 am

Can I post this link from another company on the best way to invest in bitcoin etc.?


https://www.fool.co.uk/investing/2017/1 ... urrencies/

argoal
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Re: Cryptocurrency Investing

#110943

Postby argoal » January 16th, 2018, 11:11 am

As I type, Bitcoin is at $11,843 having falled from a high of around 19,345 in December.

It looks like a crash could be on the cards any time now. Any guesses as to how low this could go?

On the other hand it could be a shake out ready for another climb to 20K and beyond.

My money (virtual not real) is on a crash.

It is fun to watch from the sidelines whichever way it goes.

paulnumbers
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Re: Cryptocurrency Investing

#111111

Postby paulnumbers » January 16th, 2018, 10:07 pm

argoal wrote:As I type, Bitcoin is at $11,843 having falled from a high of around 19,345 in December.

It looks like a crash could be on the cards any time now. Any guesses as to how low this could go?

On the other hand it could be a shake out ready for another climb to 20K and beyond.

My money (virtual not real) is on a crash.

It is fun to watch from the sidelines whichever way it goes.


A screen of red... https://coinranking.com/

Hampshirelad
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Re: Cryptocurrency Investing

#111131

Postby Hampshirelad » January 16th, 2018, 11:37 pm

paulnumbers wrote:
A screen of red... https://coinranking.com/


Theres 2721 "coins" listed on that site!

I'll be suprised if any of these survive 2018....

I do see the rise of central bank crypto's sometime in future however.....governments will love the power/control it provides for them.

bulltraderpt
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Re: Cryptocurrency Investing

#182785

Postby bulltraderpt » November 25th, 2018, 7:50 am

Here's the Bit Coin graph only from January 16 through to today (25 Nov 2018).

This is probably one of the best examples you'll find ever find of Tulip mania style 'investing'.

https://uk.advfn.com/p.php?pid=chartscr ... N%5EBTCUSD

Oh and a cheery article to boot!

https://www.zerohedge.com/news/2018-11- ... s-continue


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