Please tell me this is a wind up?
I'll give you my personal experience. I put in £5k in ethereum when it was £5 around 2 years ago. Looks at the value now. You I'll be fine. But it's too late to invest in ethereum or bitcoin for that matter. Look for a more recent technology coin. I would say you have missed the boat on ripple coin as well but from past experiences and current work that is ongoing re: ripple, it can still go 10 x the current value.The Question I ask myself is what will I regret more.....
Putting 5k in cryptocurrency losing it or doing nothing and learning in 5-10 years time the investment would be worth 500k.
I will risk the 5k.
I'll give you my personal experience. I put in £5k in ethereum when it was £5 around 2 years ago. Looks at the value now. You I'll be fine. But it's too late to invest in ethereum or bitcoin for that matter. Look for a more recent technology coin. I would say you have missed the boat on ripple coin as well but from past experiences and current work that is ongoing re: ripple, it can still go 10 x the current value.
Best thing to do is buy various coins i.e. £1k in 5 different more established coins than risk £5k on 1 coin.
Of course, there is a risk attached to this sort of investment. But the old risk and reward saying holds true. The higher the reward, the higher the risk. Or the higher risk, the higher the reward. Depends on your view.
I'll give you my personal experience. I put in £5k in ethereum when it was £5 around 2 years ago. Looks at the value now. You I'll be fine. But it's too late to invest in ethereum or bitcoin for that matter. Look for a more recent technology coin. I would say you have missed the boat on ripple coin as well but from past experiences and current work that is ongoing re: ripple, it can still go 10 x the current value.
Best thing to do is buy various coins i.e. £1k in 5 different more established coins than risk £5k on 1 coin.
Of course, there is a risk attached to this sort of investment. But the old risk and reward saying holds true. The higher the reward, the higher the risk. Or the higher risk, the higher the reward. Depends on your view.
I personally would never share such information on a forum. I can tell you one thing though, I agree that it will break $1,000 barrier. I would also say that in purely technology terms, ethereum technology should be worth more than bitcoin. Surprised you have not invested in STR.Have you cashed out on Ethereum yet?
Personally still feel it will break at least the $1000 barrier.
That's just gambling though. You can afford to bet the 5k which is fine but it's not some sound financial planning, it's just a gamble that perhaps a single item will gain several thousand percent gains.
Maybe it will or maybe it won't.
I'd argue that a better use of your money would be putting away 6 months of living expenses into a savings account, then with any change on that you should start investing into a SIPP and an ISA to create a small passive liveable income rather than throwing 5k at the tables like you're in Vegas.
It's your money but I go with "sensible long term strategy" over "hit and hope" any day.
Rewards are sky high and not normal at the moment because market is not mainstream. Once it becomes mainstream, which it will, the rewards will be much lower.I would say it's a risk to reward scenario rather then gambling..... where I think the reward far outweighs the risk
I personally would never share such information on a forum. I can tell you one thing though, I agree that it will break $1,000 barrier. I would also say that in purely technology terms, ethereum technology should be worth more than bitcoin. Surprised you have not invested in STR.
Stellar. Think of it as a tip. Of course you may know all about it already!Agree what you say about Ethereum/Bitcoin.
STR??
Rumours Ripple is next on coinbase which hopefully will push the price up.
Yeah you're right.
Forget it mate, stick five thousand quid into a flawed technology with major security issues and whose support is currently getting dropped by the mainstream because you reckon it might be worth half a million in the future. Much better than diversified portfolio over low risk ventures returning small gains for a longer period. Do that. Shoot for the Moon. This time next year Rodders, you'll be a millionaire.
Banks have good reason to NOT like it. Why are banks in Asia Pacific region testing ripple as an alternative to SWIFT?And if you're into any crypto currencies, I'd start looking at an exit figure if you're up. I'd go into more detail, but I don't have time... But the central banks do NOT like this, see precious metals. IG Index have already been emailing me about opening this up on their platform, I'll be short at some point in the future, certainly not now. But I can guarantee you this, the crooks in the Square Mile and Wall Street will create a paper vehicle for this, and will short it, hard, as will I. Trading desks are looking at opening mid 2018, if I held, I'd be out mid/late next year.
Banks have good reason to NOT like it. Why are banks in Asia Pacific region testing ripple as an alternative to SWIFT?
Whilst I agree that markets will remain volatile. The future is cryptocurrency. Of course that does not mean you don't diversify. You keep some crypto, you move some to more safe investments.
I would say one thing though, the people who were going to make crazy money from crypto have already done so. Now it will be less crazy money.
Agree with you on that. I have no interest in bitcoin other than the fact all the market cap it currently holds will trickle down to other more promising, more flexible and more useful crypto currencies. So from that point of view, bitcoin is still important for the crypto currencies market.The future might well, and most likely will be crypto currency. But it won't be Bitcoin, it won't be unregulated and it won't be anonymous.
I have over 13k of electroneum which is already worth 10x my investment. And 2k in Bitcoin will cash out again at 18k
Central banks have been working with technology companies to come up with their own crypto currency ! Who would have thought it. Btw, I must say this is not news to me.As soon as the central banks (and I understand they're working with IBM) create a crypto currency of their own, all the others are dead. That's what I'm waiting for.