Teesside96
Active member
Anyone into bitcoin/cryptocurrency?
Seems to be picking up again, I wonder if it’s because of the bank troubles recently
Seems to be picking up again, I wonder if it’s because of the bank troubles recently
That's pretty much it - confidence in the likes of the S+P are in the toilet, a lot of people just learning about fractional banking and the lack of liquidity they have. The worry is the government are just printing more money to cover the $billions lost which is going to cause further long term damage to the US economy but there seems little alternative, hundreds of businesses would go pop if they don't cover the losses. If there are further runs on banks this won't be sustainable.Anyone into bitcoin/cryptocurrency?
Seems to be picking up again, I wonder if it’s because of the bank troubles recently
This sort of comment is highly irresponsible and exactly why people were having a pop on the last thread about crypto. It’s not necessarily the future and you shouldn’t be telling people to invest in it. It’s up to them to go do their own research, you encouraging them to invest is going to line your own pocket if enough do with your own vested interests.I'm personally not I'm bitcoin but I'm in other crypto projects, the likes of XRP and Cardano. The last thread that was on here I mentioned about crypto going in cycles, it wasn't a shock that crypto went down as that's what it does in the cycle and now it's slowly regaining momentum again (which is what is expected) don't get me wrong there will be volatility, it can't just go up constantly.
The fact that banks are collapsing all around the world obviously isn't nice for the people who are holding money in them but it is a good think for crypto.
Digital currency and cryptocurrency is the future and the sooner that people switch on to that the better as now is probably one of the better times to get into crypto even after a spike the last 3 months.
You can buy it through PayPalHow do you even buy crypto?
I don't touch bitcoin or Crypto, it's too volatile and risky for me, but goo to see that is working out for you lot, if you're up.That's pretty much it - confidence in the likes of the S+P are in the toilet, a lot of people just learning about fractional banking and the lack of liquidity they have. The worry is the government are just printing more money to cover the $billions lost which is going to cause further long term damage to the US economy but there seems little alternative, hundreds of businesses would go pop if they don't cover the losses. If there are further runs on banks this won't be sustainable.
As for Crypto - rather than Bitcoin specifically - yes, the market seems bullish but there may be turmoil ahead depending on the next steps by the Fed and whether the whales decide to bail with short term profit.
If the XRP case comes out in their favour then this will be adopted by so many companies around the world.I made quite about on dogecoin but was only in it for a few weeks. I’ve actually got that as cash in my Binance account.
What coin do people recommend now? Xrp, Cardano, ETH??
A lot of people going in on crypto, when they have no experience in S&S, it makes me uneasy, but each to their own.I'll be honest I've not really dabbled much in stocks or shares but there's something about crypto that I feel like is good to get involved with for the future. Who knows I might lose everything I put into it but I also might gain from it, nothing in life is certain.