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Are members invested in Bitcoin?

  1. Dsloan Mar 8, 2024

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    I'm starting to hear chatter about crypto at work. FOMO is setting in...
     
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  2. Twocats Married... with children Mar 8, 2024

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    I dont think we have even warmed up yet, even though BTC is close to its ATH. Blackrock has done a lot for crypto and the ETH ETF and potentially XRP ETF will blow the lid of it. Traditionally the bull run comes a few months post halving and we are still a month from the halving. The market has changed again and I see the bull run starting post halving and once interest rates start to drop.

    I don't hold BTC/ETH and prefer the alts like XRP,XLM,XDC,DOT,QNT,DAG etc of which none are close to the historical ATH. I am calculating that if they hit ATH and BTC is $100k and I convert I will still be getting in at cheaper than the current BTC price for less outlay from my side.

    It's all a risk and nobody knows anything regardless of how convincing the argument is. Either way I am go big or go home. I retire this year or I continue life without the car I really want to own and for me its worth the roll of the dice. You have only lost if you sell right...
     
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  3. kippyk Mar 8, 2024

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    PayPal started to get into crypto a few years ago. You can buy and sell crypto, but I do not think you can receive or send crypto. I bought $50 of Ether just to do it. It is now worth $473 in my PayPal wallet.
     
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  4. Subspecies Mar 31, 2024

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    Advice needed please. Bought some shiba inu a couple of years ago and they did very well and I hung onto them and almost inevitably they sunk. They are currently worth twice what I paid. Thing is I don't seem to be able to sell them (UK) but can still buy more? Doesn't make a lot of sense to me so looking for advice. Disclaimer, I bought them after a couple of glasses of wine and frankly know nothing about crypto. I have tried googling but got nowhere really. Any pointers?
     
  5. Dsloan Mar 31, 2024

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    I'm not sure of all the regulations in the UK, but are they on an exchange or are the in a self-custody wallet? If you can't sell them on the exchange, can you still transfer them to another exchange or wallet? Or, can you swap them to another token that you can cash out?
     
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  6. kgb Mar 31, 2024

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    @Subspecies I have a small amount* of SHIB on Coinbase where it is easy to buy and sell. As @Dsloan says, you should be able to move them to another exchange. But I know it's sometimes tricky: when I wanted to get out of Binance, I had to sell my tokens there, then buy ETH and then transfer the ETH to Coinbase where the money was once again liquid and in my control.

    *By small amount, I mean 100 million tokens! But that's barely enough to buy one watch.
     
  7. Dsloan Mar 31, 2024

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    I am also a millionaire in some tokens that have a questionable use case :D
     
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  8. Subspecies Mar 31, 2024

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    Thanks, they are indeed on binance and after reading your reply I went back and found I could transfer to bitcoin for no fees. Hopefully I can then sell them. Not particularly wanting to sell immediately but wanted a way out if needed. Thanks for all the replies.
     
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  9. Dsloan Mar 31, 2024

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    I haven't been on binance in awhile, nor do I know UK regulations, but I would suspect you can either cash out, OR, maybe open an account at a different CEX, do a transfer, and then cash out. Good luck! Enjoy your capital gains!