Cryptocurrency Training offered

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GuyD73
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Cryptocurrency Training offered

Postby GuyD73 » Fri May 14, 2021 3:44 pm

So some of you might have a developing interest in the cryptosphere – that is to say blockchain technology, Bitcoin and other cryptocurrencies, often called altcoins.
 There is enormous volatility in the cryptocurrency market and it’s definitely not for the faint-hearted. That said, I have been profitably trading this market for some months now and achieving some really quite spectacular yields of 100-1,000%+.
 You might have bought a little bitcoin, or possibly heard friends (or your kids) talking about it. You might have an account on Kraken, Binance, Coinbase (recently had an IPO), Kucoin or another centralised exchange. It might be that you’re curious and have the risk tolerance for decentralised exchanges and the staking and farming opportunities that are available there and the attendant returns.
 Here is one example of something in which I’ve invested. It’s a PAIR of BNB/WEX. Wex is currently at $.014 (14 cents), so the 2,147 WEX I have earned from the 992% APY is worth approx $300. This is since yesterday. I have slowly been adding to my liquidity provision (LP) for a couple of weeks and it’s now providing some nice returns. When I feel the time is right, I will convert these tokens to USDT/USDC (both pegged to the $), transfer them back into my account and swap them for £. If you’re curious, there is $79m staked in this pool.  This NOT FINANCIAL ADVICE, neither is anything I might tell you over the phone or online. I’m happy to share details of my portfolio or the returns available on specific investments, but it’s MY OPINION, that’s all.  I am not a big player nor have years of experience, but I’ve made £20k in 3 or 4 months on a fairly modest outlay. This will be loads to some and ‘chickenfeed’ (to use a Boris Johnson term) to others. A great deal of even the most complicated or techy stuff can be learned just by watching some youtube channels. I must confess though, when I first got into this world, I was very grateful to have the advice of an old uni friend who’s experienced in such matters, looking over my shoulder, so to speak….     Should you wish to pop round with your laptop, or have a consultation over the phone, my fee is £60 for 2 hours. There’s quite a lot you can do yourself ahead of the consultation to get the best value for money. Wishing you the very best of luck in your endeavours…. 

 
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Sw18Sw18
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Re: Cryptocurrency Training offered

Postby Sw18Sw18 » Sat May 15, 2021 12:20 am

Hi Guy,

I’ve held crypto since 2012, this is the 3rd bull run I’ve seen.

Please be careful, in a bull run we all feel like financial wizards, in the last run my portfolio went from £3k to £100k in one year and then crash back to £18k in a few weeks. Many people who invested further into the run lost huge amounts of money, KuCoin for example peaked at $20 in the last run and then spent years at around $1.

9 years into trading I would not feel comfortable training others.

Finally, remember profits incur capital gains tax and rewards from staking coins should be treated as income.
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Sw18Sw18
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Re: Cryptocurrency Training offered

Postby Sw18Sw18 » Sat May 15, 2021 12:40 am

Sorry, final thing - please be very careful with YouTube crypto experts shilling coins, lots of pump and dump scam projects around.

It sounds like you’ve made some good money, better to be a bit more patient with larger established projects them getting sucked into a rug pull scheme.
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Sw18Sw18
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Re: Cryptocurrency Training offered

Postby Sw18Sw18 » Sat May 15, 2021 12:41 am

Sorry, final thing - please be very careful with YouTube crypto experts shilling coins, lots of pump and dump scam projects around.

It sounds like you’ve made some good money, better to be a bit more patient with larger established projects then getting sucked into a rug pull scheme.
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SW11er
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Re: Cryptocurrency Training offered

Postby SW11er » Sun May 16, 2021 6:38 pm

Is this the same Guy that sells fish? Has really strong views on Brexit and writes really long posts arguing with people who have a different view?

Are you also now regulated to give financial advice. You say it’s not - but just because you say it’s not, doesn’t mean it isn’t.

Be careful.
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SW11er
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Re: Cryptocurrency Training offered

Postby SW11er » Wed May 19, 2021 7:28 pm

Out of interest, how did your strategy perform today?
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Sw18Sw18
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Re: Cryptocurrency Training offered

Postby Sw18Sw18 » Wed May 19, 2021 9:06 pm

I was thinking the same! I haven't bought since December and I've been slowly selling my crypto holdings since April.

**not financial advice**
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juliantenniscoach
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Re: Cryptocurrency Training offered

Postby juliantenniscoach » Wed May 19, 2021 10:45 pm

What's your position on a process to source a 'currency', that creates a massive carbon footprint?
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Sw18Sw18
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Re: Cryptocurrency Training offered

Postby Sw18Sw18 » Thu May 20, 2021 12:04 am

Crypto currencies may actually use less energy than traditional banking systems. (Can’t use links here but have a google)

Banks are already using blockchain solutions to drive efficiencies and lower their carbon footprints.

Not all coins are created equal, some are mined others use proof of stake. Elon Musk was right to raise concerns re bitcoin’s environmental impact and I think this will cause developers to create ‘greener’ solutions going forwards.

I think blockchain technology will be adopted by central banks pegged to their currencies ie a pound would be digitally minter into a equivalent, it will be greener than their current systems and may reduce tax fraud as the blockchain records all transactions. I love that crypto technology can provide solutions for those without access to banks; as a granddaughter of a refugee I feel it’s important for people to be able to safely store and transport their wealth.

But.... I also have come to the conclusion that current crypto market is very broken, it’s been a good way to prove the tech works, but for any currency to be useful it needs to be stable as these currencies can fluctuate by 30% in a day they are not fit for purpose.
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juliantenniscoach
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Re: Cryptocurrency Training offered

Postby juliantenniscoach » Thu May 20, 2021 9:36 am

Sw18Sw18 wrote:
Thu May 20, 2021 12:04 am
Crypto currencies may actually use less energy than traditional banking systems. (Can’t use links here but have a google)

Banks are already using blockchain solutions to drive efficiencies and lower their carbon footprints.

Not all coins are created equal, some are mined others use proof of stake. Elon Musk was right to raise concerns re bitcoin’s environmental impact and I think this will cause developers to create ‘greener’ solutions going forwards.

I think blockchain technology will be adopted by central banks pegged to their currencies ie a pound would be digitally minter into a equivalent, it will be greener than their current systems and may reduce tax fraud as the blockchain records all transactions. I love that crypto technology can provide solutions for those without access to banks; as a granddaughter of a refugee I feel it’s important for people to be able to safely store and transport their wealth.

But.... I also have come to the conclusion that current crypto market is very broken, it’s been a good way to prove the tech works, but for any currency to be useful it needs to be stable as these currencies can fluctuate by 30% in a day they are not fit for purpose.
Elon Musk's position which prompted the 20% drop in a day.
Bitcoin’s growing energy problem: ‘It’s a dirty currency’ | Financial Times (ft.com)
 
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Sw18Sw18
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Re: Cryptocurrency Training offered

Postby Sw18Sw18 » Sun May 23, 2021 12:09 pm

Yes Julian, as I said quite right for Elon to raise concerns about bitcoin. Newer coins are more energy efficient and many do not need to be mined.

Old cars are far more polluting we haven’t stopped using car as they serve a purpose but we now are able to choose greener cars.

The blockchain tech behind crypto currencies can make banking greener and more efficient; Visa has been using blockchain technology since 2016.

I am not advocating buying any crypto currencies (many of which do not have strong use cases). My first post was out of concern for Guy and anyone who followed him into the crypto currency market.

Blockchain tech can make positive changes, the crypto market aimed to create new global currencies - in my view the volatility is its failure, added to this with so little regulation lots of scam projects have been allowed to thrive.
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juliantenniscoach
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Re: Cryptocurrency Training offered

Postby juliantenniscoach » Thu May 27, 2021 1:55 pm

@SW18SW18   You might be able to explain please.  How does solving complex algorithms create a currency that has value?  Thanks.
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chorister
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Re: Cryptocurrency Training offered

Postby chorister » Thu May 27, 2021 2:45 pm

"You might be able to explain please.  How does solving complex algorithms create a currency that has value?  Thanks."

I don't think he understands that blockchain technology is not the same as cryptocurrency.  Blockchain technology is a database technology (like eg SQL) while cryptocurrency is, well, I don't know what it is.
 
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