Your steel case for crypto is sensible as a long term hold. But I would say you still need an unlock plan. At some point you want to realise the unrealised profit. It could be a time based " I will sell 25% in 2029" or a price based sell when it is 4x the price. At that time you can rotate the profit into your copy trade. Overall it looks overly risky but as stated it's only really a small % for you, so good on you for working it out.
Cheers, yeah - I felt much more certain of things back in 2019 really, from a simple charts perspective. Now, I'm not sure as such huge monetary systems are now colliding and aware of the potential systemic threat, that I don't know what happens next at all really - there are huge forces at play and I think it's more to do with what they want to happen next which makes the difference. But yeah, Trump seems determined to bolster it, so let's see. Short to medium term i'm watching those key psychological levels, but it may take much longer to him them than i expected. Long term, I just don't know what it could do, so kind of waiting to see if there's a btc strategic reserve or something like that announced which could cause a much longer term grind upwards. I think then I'd work out a target maybe.
Hey there - thanks for watching :) I built a tourism website about my home town in England, went to film school, did lots of part time jobs and voluntary work, and ran an English language school. I really liked the creative parts.
I know I should, but at the moment, I'm just seeing where it goes. I remember the talk of eth to 10k in the last cycle, so it's always been a target of mine too. I'm watching the divergence in the price compared to btc right now and wondering why exactly that is. What narrative's driving the divergence most right now... I've seen the slight disappointment in the timeline for Beam chain development, but I can't see how the wider market is aware of that, so it's got to be something far far simpler. Possibly competition fears from solana? But even that is hugely niche, although institutional buyers may be watching those developments.. I'm not sure. People in the space may say 'finite supply' but even that is niche knowledge, and given the massive ecosystem advantage of eth, those same people would surely take network effect advantages into account when pricing. Not sure. Hard to know where BTC might go, but it's really going to be shocking people when we start seeing the mainstream news talking about 100K btc. Would you be looking to take profit short term around the 100K psychological boundary, or just let it blast right through and keep holding?
@@nicholasmills3674 I take profits on the way up. For instance on BTC every 10k it rises I close 10% of my position. I was accumulating BTC from 18k to 55k then I started taking profits from 65k 75 85 ...
I’m mentioning that in the video I’m making now - it’s a way to earn more eth from any eth you’re currently holding on etoro. So basically if you have an eth trade open, you can ‘stake’ it and it’ll earn you a certain amount of ‘interest’ in more eth for as long as you hold the trade open. The rewards vary depending on your club membership tier (how much money you have in your account on etoro determines your tier). The yield is around 4% but you will get a percentage of that depending on your tier and etoro keeps the rest. I think it range from 40% to 90% which we get to keep depending on our tier level. We have to opt in if we want to stake - settings , trading , eth staking. If we do stake, we may find though that when we unstake and try to sell, we can’t do it immediately and our eth may be locked for a time.
Wow you're buying BTC when I'm taking profits from it. Why didn't you wait for a big dip before buying BTC? I think you got an alright price for Eth though, it will boom then smaller alts should follow. All I trade is crypto so I'm used to the volatility. Its always advisable to take profits and hold some cash to buy dips. Also congrats on reaching gold, you'll be earning interest on your balance now but its not much, they lowered it here in the UK to 1.25% from 2% I think it was but luckily I moved up to platinum today so I'm getting over 3% interest on balance. Don't forget to toggle the staking button in settings if you want staking rewards for your Eth. All the best Tom take care
My mum, of all people, did actually tell me to 'wait until it dips before buying' :) she said "It always dips after a big rise like this". I said "I know mum, but this time, the macro factors have changed' :D I used a big word... I might still buy the dip. Really it was at 2%? Nice. I just uploaded a video about that, which should be up in the morning. I'm currently making a ridiculous thumbnail to go with it :) Where else has good interest on savings? I want to find these amazing-interest-giving european bank accounts i've heard about. I tried asking trading 212 if i could invest in UK cash ISAs from abroad and they said nope.
@SocialTrading haha when I talk about crypto to my mum she rolls her eyes me. Shame you can't get trading 212 ISA, that's the one I would recommend, its the best one going in the UK at the moment. All the banks are lowering their rates. Some crypto exchanges have good interest rates. I use Bitget just to trade some alts that aren't on etoro and they have pretty good interest on stablecoins. The past few days they were giving me 33% on USDT but usually it's around 10%. The only problem is how safe are these crypto exchanges? I don't trust them enough to put all my money into them. Etoro is more expensive with fees and less interest but it's fully regulated and the platform as a whole is fantastic. The downside for me is the wallet only supports a few cryptos which can't be sent back onto the exchange. Anyway enough of me rambling. I'll let you know if I come across anything that pays well on savings
I see it now :) it never notifies me about replies which is a bit useless really. I’ll check out bitget- they actually got in touch with me about promoting them but I didn’t want to start anything new as I’ve never used it and it didn’t have many reviews or feedback I could rely on at the time. I have the same fears about how much I can trust these platforms - still the Wild West a bit eh. I bought the dip on etoro a little just now with eth and the spread was around $65 - I only noticed after I had opened the trade. That’s too much for me - bit of a shock. Wasn’t expecting that.
Elon Musk will lead the Department of Government Efficiency, abbreviation: DOGE. It may be interesting to have a look to the coin with the same name...
still very volatile though. But i know what you mean - there's so much money wrapped up in them now and they've been through enough cycles that a form of trust has definitely set in. I think there's still the spectre of serious disruption from other blockchains and things like that though - although there's trust of a sort, people are still aware it's tech at the base of it, and if new better tech comes along, it could cause major disruption (although I'm not sure how possible that now is due to network effects)
I noticed many solid traders Lost not only in 2020 but also many of them are in red in 2022 i was Thinking why is that but then Just remembered February 2022 Russia attacked Ukrainę Thats why so yeah. 2020 and 2022 was crash
I'm not sure what it was - i think a lot of them were foreign psyops types trying to weaken the U.S system, others were genuine economists who saw the madness of inflating the money supply so much, others were just shilling gold and silver by calling 'apocalypse' every day. It's tough to know who's who. Very confusing...
The Market will CRASH, it's just nobody knows when - I sold my house back in 2007 just before the financial crisis, glad I did, even tho it grinded higher, could anyone afford to buy it now? Think TITANIC, I would prefer to be 10minutes early to the lifeboat than 1minute too late . . besides which, if you lose 50% it requires 100% gain to get back what you lost. So Warren Buffet was right when he said:- The first rule is not to lose money!
What's your plan for any coming crash? Will you keep everything in cash, or try to short the market in some way? Or Gold, or some other defensive asset? Maybe BTC, or is it just correlated to the broader markets now? I'm genuinely wondering what would stay or be safe during any potential crash
@@SocialTrading Aa platform that facilitates the transfer of investment positions to another brokerage firm, whereby you retain beneficial ownership of the securities. Etoro is neither.
Your steel case for crypto is sensible as a long term hold. But I would say you still need an unlock plan. At some point you want to realise the unrealised profit. It could be a time based " I will sell 25% in 2029" or a price based sell when it is 4x the price. At that time you can rotate the profit into your copy trade. Overall it looks overly risky but as stated it's only really a small % for you, so good on you for working it out.
Cheers, yeah - I felt much more certain of things back in 2019 really, from a simple charts perspective. Now, I'm not sure as such huge monetary systems are now colliding and aware of the potential systemic threat, that I don't know what happens next at all really - there are huge forces at play and I think it's more to do with what they want to happen next which makes the difference. But yeah, Trump seems determined to bolster it, so let's see. Short to medium term i'm watching those key psychological levels, but it may take much longer to him them than i expected. Long term, I just don't know what it could do, so kind of waiting to see if there's a btc strategic reserve or something like that announced which could cause a much longer term grind upwards. I think then I'd work out a target maybe.
Congratulations on the gold status! I only copy two people on is Amit and sigahn who has returned 21.31%
Thanks :) I’ll go and look up Sigahn now.
You bought the top. Outch!
HODL 💪
It does look that way :)
Hello, love your content, since 2020. Out of quriousity what have you been working with prior to UA-cam / investing ?
Hey there - thanks for watching :) I built a tourism website about my home town in England, went to film school, did lots of part time jobs and voluntary work, and ran an English language school. I really liked the creative parts.
Hi Tom, Watching you after a long days back. hope you're doing good!
Thanks so much :) same to you - hope everything’s been going well!
I am curious you have a exit strategy for your crypto trades I see btc reaching 150k and eth 10k
I know I should, but at the moment, I'm just seeing where it goes. I remember the talk of eth to 10k in the last cycle, so it's always been a target of mine too. I'm watching the divergence in the price compared to btc right now and wondering why exactly that is. What narrative's driving the divergence most right now... I've seen the slight disappointment in the timeline for Beam chain development, but I can't see how the wider market is aware of that, so it's got to be something far far simpler. Possibly competition fears from solana? But even that is hugely niche, although institutional buyers may be watching those developments.. I'm not sure. People in the space may say 'finite supply' but even that is niche knowledge, and given the massive ecosystem advantage of eth, those same people would surely take network effect advantages into account when pricing. Not sure. Hard to know where BTC might go, but it's really going to be shocking people when we start seeing the mainstream news talking about 100K btc. Would you be looking to take profit short term around the 100K psychological boundary, or just let it blast right through and keep holding?
@@nicholasmills3674 I take profits on the way up. For instance on BTC every 10k it rises I close 10% of my position. I was accumulating BTC from 18k to 55k then I started taking profits from 65k 75 85 ...
Now you can tell more about etoro new feature: ETH staking. Have no clue, what is that and how profitable is that.
I’m mentioning that in the video I’m making now - it’s a way to earn more eth from any eth you’re currently holding on etoro. So basically if you have an eth trade open, you can ‘stake’ it and it’ll earn you a certain amount of ‘interest’ in more eth for as long as you hold the trade open. The rewards vary depending on your club membership tier (how much money you have in your account on etoro determines your tier). The yield is around 4% but you will get a percentage of that depending on your tier and etoro keeps the rest. I think it range from 40% to 90% which we get to keep depending on our tier level. We have to opt in if we want to stake - settings , trading , eth staking. If we do stake, we may find though that when we unstake and try to sell, we can’t do it immediately and our eth may be locked for a time.
Wow you're buying BTC when I'm taking profits from it. Why didn't you wait for a big dip before buying BTC?
I think you got an alright price for Eth though, it will boom then smaller alts should follow.
All I trade is crypto so I'm used to the volatility. Its always advisable to take profits and hold some cash to buy dips.
Also congrats on reaching gold, you'll be earning interest on your balance now but its not much, they lowered it here in the UK to 1.25% from 2% I think it was but luckily I moved up to platinum today so I'm getting over 3% interest on balance.
Don't forget to toggle the staking button in settings if you want staking rewards for your Eth.
All the best Tom take care
My mum, of all people, did actually tell me to 'wait until it dips before buying' :) she said "It always dips after a big rise like this". I said "I know mum, but this time, the macro factors have changed' :D I used a big word...
I might still buy the dip.
Really it was at 2%? Nice. I just uploaded a video about that, which should be up in the morning. I'm currently making a ridiculous thumbnail to go with it :) Where else has good interest on savings? I want to find these amazing-interest-giving european bank accounts i've heard about. I tried asking trading 212 if i could invest in UK cash ISAs from abroad and they said nope.
@SocialTrading haha when I talk about crypto to my mum she rolls her eyes me.
Shame you can't get trading 212 ISA, that's the one I would recommend, its the best one going in the UK at the moment. All the banks are lowering their rates. Some crypto exchanges have good interest rates. I use Bitget just to trade some alts that aren't on etoro and they have pretty good interest on stablecoins. The past few days they were giving me 33% on USDT but usually it's around 10%. The only problem is how safe are these crypto exchanges? I don't trust them enough to put all my money into them. Etoro is more expensive with fees and less interest but it's fully regulated and the platform as a whole is fantastic. The downside for me is the wallet only supports a few cryptos which can't be sent back onto the exchange.
Anyway enough of me rambling. I'll let you know if I come across anything that pays well on savings
@@SocialTradingI did reply to your comment yesterday but seems like UA-cam has not added it 🤔
I see it now :) it never notifies me about replies which is a bit useless really. I’ll check out bitget- they actually got in touch with me about promoting them but I didn’t want to start anything new as I’ve never used it and it didn’t have many reviews or feedback I could rely on at the time. I have the same fears about how much I can trust these platforms - still the Wild West a bit eh. I bought the dip on etoro a little just now with eth and the spread was around $65 - I only noticed after I had opened the trade. That’s too much for me - bit of a shock. Wasn’t expecting that.
Elon Musk will lead the Department of Government Efficiency, abbreviation: DOGE. It may be interesting to have a look to the coin with the same name...
I wonder if he'll incorporate it into his X platform...
Some European banks offer 7-8% yearly maybe Thats something we should look into. English banks give u 1-2% lol 😂
Yes but get5 % on tech banks easy access ..Frank
Stillnot sure about crypto..is the sage into crypto??
Do you need to be resident in their country to get those rates?
Any you’d suggest looking into?
@@SocialTrading SpeculatorOslo and EstebanChoy very low risk (3) and stable stats. (it is not financial advice LOL)
Bitcoin and Ethereum is not highly risky anymore
still very volatile though. But i know what you mean - there's so much money wrapped up in them now and they've been through enough cycles that a form of trust has definitely set in. I think there's still the spectre of serious disruption from other blockchains and things like that though - although there's trust of a sort, people are still aware it's tech at the base of it, and if new better tech comes along, it could cause major disruption (although I'm not sure how possible that now is due to network effects)
I noticed many solid traders Lost not only in 2020 but also many of them are in red in 2022 i was Thinking why is that but then Just remembered February 2022 Russia attacked Ukrainę Thats why so yeah. 2020 and 2022 was crash
True yeah - another test for how they reacted !
@@SocialTrading thom just seen ethereum is going up :) 10% today i think, prob your ETH in portfolio looks nicer today hahaah
its all a game - talk of recession last 14 years is to scare ppl off investing - with that said, markets cant go up forever
I'm not sure what it was - i think a lot of them were foreign psyops types trying to weaken the U.S system, others were genuine economists who saw the madness of inflating the money supply so much, others were just shilling gold and silver by calling 'apocalypse' every day. It's tough to know who's who. Very confusing...
Congrats on Gold club they probably watched your video when u said u sold your house and have money 😂 so they want you to invest more hahaahah
:) it’s because I added more money to my account and went above 10,000 equity. The algo is always watching!
Btw Thomas i just saw new video from jaynemesis on his youtube if you missed it have a look :)
The Market will CRASH, it's just nobody knows when - I sold my house back in 2007 just before the financial crisis, glad I did, even tho it grinded higher, could anyone afford to buy it now? Think TITANIC, I would prefer to be 10minutes early to the lifeboat than 1minute too late . . besides which, if you lose 50% it requires 100% gain to get back what you lost. So Warren Buffet was right when he said:- The first rule is not to lose money!
What's your plan for any coming crash? Will you keep everything in cash, or try to short the market in some way? Or Gold, or some other defensive asset? Maybe BTC, or is it just correlated to the broader markets now? I'm genuinely wondering what would stay or be safe during any potential crash
Etoro is not a serious broker.
How do you mean? Which ones would you consider serious and why? Genuine question.
@@SocialTrading Aa platform that facilitates the transfer of investment positions to another brokerage firm, whereby you retain beneficial ownership of the securities. Etoro is neither.