Jesus Christ. What has happened to the crypto markets since the New Year? There is literally blood on the streets. Bitcoin (BTC) is down to USD 9,000 from highs of around USD 20,000 and the whole of the top 100 on coinmarketcap.com are also down at least 50% from their highs just a month ago. Coins like Ripple are down more than this. XRP was around USD 3.65 on 8th Jan and now it's trading at USD 0.8. If you've bought at the high, then you're licking your wounds. Hope that you haven't lost too much. The crypto markets are shitting themselves. The newest money that piled in at the end of 2017 have dashed, or they're holding on whilst …
Cryptocurrencies
How and why to buy Binance (BNB) (potential 2,000% upside from here)
Further to my last post about buying riskier crypto assets, one of the assets on my watchlist was Binance Coin (BNB). This post is about how and why to buy Binance (BNB). How did I hear about Binance (BNB)? I first used Binance, the exchange, when I bought some Verge (XVG). I really enjoyed how easy it was get setup and how easy it was to trade on there, so I had a positive impression of the brand itself. One of the heavily promoted (in terms of visual positioning on the Binance site was the BNB/BTC trading pair. I looked up BNB on coinmarketcap.com and it's been steadily chunking out significant price rises in recent weeks. So I decided to …
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Increasing the risk/reward in my crypto portfolio whilst trying to protect the downside
In my last post, I detailed my crypto portfolio as at 31 December 2017. I think it's pretty solid and it's made some good gains, and I think it's set up for some good gains in 2018. But I'm not sure it's going to 10x in 2018. Let's take a look at my portfolio again: I still want to Protect The Downside One of Warren Buffett's maxims is Don't Lose Money. He says to 'protect the downside'. This is because losing money makes it mathematically harder to make your money back. If the value of your portfolio goes down by 50%, to get back to where it was, it needs to increase by 100%. That's why not losing money is Buffett's starting …
Holdings as at 31 December 2017
31-Dec-17 Prices from Coingecko in GBP Units Total units held Total price paid for units incl sales Avg net cost per unit incl. sales (GBP) Current price (GBP) Current value of holding (GBP) Profit/Loss …
Is Decred a good project and should you buy Decred DCR?
I first heard about Decred from Boxmining's awesome YouTube channel and I started watching the price when it was around USD 35 around September 2017. Since then, I've been looking to buy Decred. I had also seen it as an option in my Exodus wallet and it would be easy to ShapeShift some Bitcoin into Decred. It's been on my watchlist for a few months now and I like it as a coin as opposed to an ICO token. It's a coin like Bitcoin, Dash, Litcoin, Monero, Zcash. However, what really pushed me over the edge and got me buying Decred in the past week or so was watching a recent great series of 6 short videos between Tai Zen and Decred Jesus, …
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How I bought my first Verge XVG using Binance exchange
I've been watching Verge VXG on and off now for a few months. It's been hovering around 80th position amongst cryptocurrencies by market capitalisation. It's been like this ever since I've been looking at it......until a week or so ago when it went crazy. It's now around 20th position on coinmarketcap.com. What's the price rise of Verge XVG? Okay, so looking at historical prices on coinmarketcap.com, on 13th Dec 2017, Verge XVG opened at 0.009203 USD (that's just under one US cent). On 25th Dec 2017, Verge XVG opened at 0.258386 USD (that's about 26 cents). So one cent to 26 cents is a price rise of about 2,500%. I'll say that …
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Think of cryptocurrencies as a massive horse race like the Grand National
Bear with me on the metaphor...! The Grand National is one of the most famous horse races in the world. It's a steeplechase which is a gruelling run across often boggy ground and in which the horses have to successfully navigate and jump over the huge fences. There are a lot of horses that fall at these fences and lots of other horses that are pulled up during the race and most don't complete the course. At the start, there's 40 horses (runners) and they all have a chance (albeit different chances) of winning the 4 mile race. Before the race, there's a favourite. The favourite is the horse that to the market has the best chance of winning …
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