Crypto Currency - Believers Only

Hursty

RichM Yeah its tough as loads of idiots were calling for a bear market and impending doom, spreading FUD left right and centre, which allowed the whales to accumulate more from all the weak hands who sold. Its a cruel game but it doesn’t take long to understand the truth in the saying ‘buy the dips’ as long as the project is solid like Cardano, Solana, etc.

Most people FOMO in when an asset is mooning and therefore lose out when it dips and they panic sell, believing the bullshit on twitter

Hursty

LT42 Astute business LT, come September when all the Layer 2 dApps, DEXs and NFT marketplaces go live on Cardano, then we will see giant awaken.

Old-Dutch

RichM

If you can, do it the week I did so you lose 40% of your investment before Binance gets clamped down on left, right and centre making it virtually impossible to get whatever you have left out. It’s a right hoot

RichM

Old-Dutch that is exactly what I am trying to do. It sounds like we have a group of Warren Buffets between us

Hursty

Old-Dutch Can you elaborate a bit more Dutch? Which asset are you invested in? Are you still under water?

You can just move your funds to another exchange if you want to off ramp to fiat

Old-Dutch

TO THE MOON or something

Old-Dutch

Lol. I got most of it out in the end. Had it convert it through various other digital currencies before I could. Left as a proud owner of 2.5m Shibu currently worth about 4p

Hursty

Old-Dutch Ok, sounds like you had some poor advice to invest in a meme coin!

Old-Dutch

Lol. The Shibu was a complete punt - my main coins were Ada and Matic.

It all tanked.

To be fair - if it wasn’t for the issues with Binance I would have left it but wanted to get whatever I could off the platform.

The fact there is so much negativity around crypto from governments and banks convinces me it is the future and they are shit scared that their days of having everyone over the barrel via traditional banking are coming to an end

Hursty

Old-Dutch You sold your ADA and MATIC? Ouch, they are absolutely rock solid investments, as you can probably see, they are already doing very well now the market is picking up

Old-Dutch

https://www.cnbc.com/amp/2021/08/19/cryptocurrency-traders-seek-damages-from-binance-after-major-outage.html

All the shady shit that goes on with these exchanges doesn’t help. I was only in for a few days when this happened

LT42

Hursty Held my ADA all through the rough winter of discontent, best move I made was not moving. Over double now and still climbing before the fireworks come.

Old-Dutch

Hursty

I was only £500 in overall. They are no better now than when I bought them originally.

The main issue I had was Binance. I’ll get back on the horse again at some point but will do it via a different platform

Matt

Old-Dutch I had a bit of a fuck on with Binance also. I did manage to transfer everything I had stored there over to my Exodus wallet in the end. I won’t be using them for any future purchases.

Hursty

Cardano ADA now over £2, I hope you all invested

Amps

Hursty Yes, but do I buy more?

LT42

Its bubbling nicely now, Hursty.

Hursty

Hard to say isn’t it, when September 12th comes Cardano will be fully operational so it will be interesting to see what price affect it has.

Forecast is to between $10 to $20 this cycle but it’s only a forecast at the end of the day.

Binance have provided all the info to be signed off by the FCA according to reports today which is good news.

Amps

Hursty What is the current purchasing website of choice for all things crypto? Or better still who to avoid? Finger has been off the pulse this last six months really.

Hursty

Did everyone catch this news earlier in the week? https://www.bloomberg.com/news/articles/2021-08-23/cryptopunk-nft-prices-visa-buys-digital-avatar-7610-for-150-000-in-eth

Yes, that’s right, Visa have bought a Crypto Punk NFT for $150,000. MC is going to love this!

Hursty

Amps In terms of buying currency or NFTs?

For currency it appears Binance are back in the game after complying will all of the stipulations from the FCA, so for absolute choice I would go there.

Other exchanges include Coinbase, KuCoin, crypto.com, there are literally loads of them.

If you are a big player and want to buy OTC, I can recommend GlobalBlock.co.uk based in London.

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