Henry Posted October 13, 2017 Share Posted October 13, 2017 https://www.coindesk.com/5856-bitcoin-price-hits-new-record-high/ Record high. Link to comment
E-P-K Posted October 15, 2017 Share Posted October 15, 2017 Considering pumping decent wedge into cryptocurrency. For no other reason than to GIRFUY to the banks, and of course make a profit. Link to comment
1903Fitba Posted October 15, 2017 Share Posted October 15, 2017 Need to just hit alt coins before they boost. Harder said than done like. Eth is the one for me. Litecoin did me good but bailed st the wrong time Link to comment
E-P-K Posted November 10, 2017 Share Posted November 10, 2017 I purchased just over 3 weeks ago when 1 Bit coin was $5570, today it is $7200+, A yera ago today they were values at $700. Someone, somewhere has made an absolute fortune. Link to comment
Redforever86 Posted November 10, 2017 Share Posted November 10, 2017 I purchased just over 3 weeks ago when 1 Bit coin was $5570, today it is $7200+, A yera ago today they were values at $700. Someone, somewhere has made an absolute fortune. The problem is when you try and sell your $1M of bitcoin. Link to comment
E-P-K Posted November 10, 2017 Share Posted November 10, 2017 Some cunt is selling his house in London for £17m and only accepting bitcoin payment. Link to comment
minijc Posted November 10, 2017 Share Posted November 10, 2017 You see about the guy that binned his laptop with the bitcoin on it? Link to comment
Clydeside_Sheep Posted November 10, 2017 Share Posted November 10, 2017 I made my first bitcoin transactions recently, it was all very exciting - buck rogers stuff. Anyone have thoughts on whats best - desktop wallet v online wallet? I used electrum (desktop) and sent my coins to it from my localbitcoins wallet. Actually buying the coins in the first place is probably the biggest rigmarole. Link to comment
Redforever86 Posted November 10, 2017 Share Posted November 10, 2017 I made my first bitcoin transactions recently, it was all very exciting - buck rogers stuff. Anyone have thoughts on whats best - desktop wallet v online wallet? I used electrum (desktop) and sent my coins to it from my localbitcoins wallet. Actually buying the coins in the first place is probably the biggest rigmarole. What did you buy exactly? @police Link to comment
Redforever86 Posted November 10, 2017 Share Posted November 10, 2017 Some cunt is selling his house in London for £17m and only accepting bitcoin payment. Good way to avoid capital gains tax. Link to comment
tup Posted November 10, 2017 Share Posted November 10, 2017 What did you buy exactly? @policeHe's a weegie. Drugs. Probably heroin or fentanyl. Link to comment
E-P-K Posted November 10, 2017 Share Posted November 10, 2017 What did you buy exactly? @policeHe is likely referring to the actual transaction of purchasing Bitcoin, the initial purchase is a serious fuck about. Link to comment
Clydeside_Sheep Posted November 13, 2017 Share Posted November 13, 2017 What did you buy exactly? @police A house in London, for £17m. 1 Link to comment
Clydeside_Sheep Posted November 13, 2017 Share Posted November 13, 2017 He is likely referring to the actual transaction of purchasing Bitcoin, the initial purchase is a serious fuck about. Ain't that the truth. Link to comment
Clydeside_Sheep Posted November 13, 2017 Share Posted November 13, 2017 He's a weegie. Drugs. Probably heroin or fentanyl. I don't even know what that is! I'm not some Wick dosser, you know! Link to comment
tup Posted November 13, 2017 Share Posted November 13, 2017 I don't even know what that is! I'm not some Wick dosser, you know!You do however seem to be a weegie drug taking fiend. What were you buying with your digital currency? Link to comment
alscotoz Posted November 14, 2017 Share Posted November 14, 2017 Is bitcoin a ponzi scheme? Link to comment
Clydeside_Sheep Posted November 14, 2017 Share Posted November 14, 2017 You do however seem to be a weegie drug taking fiend. What were you buying with your digital currency? Fiend? How dare you Sir!? I already told you - expensive London property. Im big in ile ye ken! Link to comment
Clydeside_Sheep Posted November 14, 2017 Share Posted November 14, 2017 Most likely young lads Stop touting for business, it is most unedifying. Link to comment
redstrummer Posted November 14, 2017 Share Posted November 14, 2017 30 dollar investment back in 2008 you'd know be a millionaire . Link to comment
1903Fitba Posted November 27, 2017 Share Posted November 27, 2017 Anybody use coinbase? Sick of their fees and it’s almost impossible to withdraw. Thinking of moving elsewhere. Made a decent profit for the small amount of cash I put in. Don’t want to bail just looking for other options. Link to comment
Ke1t Posted November 28, 2017 Share Posted November 28, 2017 I doubt I'll ever get my head around the value of Bitcoin or any cryptocurrency for that matter. I'm likely repeating myself, but what's the basis for it's value other than a willingness of certain vendors to honour it's alleged value? At least with a Pound or a Dollar there's, supposedly, national assets which give the paper money it's value. There's a clause written right there on the money itself, 'This note is legal tender for all debts public and private' for Yanks, and likely something similar on UK money. With Bitcoin there's no pile of gold or silver that gives the Bitcoin any kind of inherent value. Obviously I'm missing something, but I've never heard any good explanation as to why I should sell something in exchange for a Bitcoin. I understand it's great if you want to but drugs, guns, or sex slaves on whatever iteration the Silk Road is currently at, but even then... why would you hand over a kilo of smack for a Bitcoin? So you can go buy more smack wholesale and sell it on for more virtual, essentially worthless, Bitcoin? And what if governments, as they inevitably will, decide to go after crypto currency because it's a threat to their own central banks? Or what if government realisescrypto currency can be better controlled if they create their own form of Bitcoin? At some point they have to believe that Bitcoin Farms pose a real threat to the value of their own currency. Banks of unregulated computers churning out rival currencies to the national currency? How long is THAT going to be ignored by Western banks? I've read articles that say it's possible that Bitcoin could be shut down, and conversely that it's impossible to shut down. But they've already shut down cryptocurrency in the past, so it's demonstrably possible to do so. I'm amazed Bitcoin has been allowed to carry on unimpeded for as long as it has, to be honest. But that's probably because I have zero understanding of what makes it attractive to anyone not dealing in drugs, weapons, or Rohingya slaves. 1 Link to comment
dervish Posted November 29, 2017 Share Posted November 29, 2017 Gold is a shiny metal that is basically worthless in any real sense. It does alright cos folk will work to get more of it. Thus there is economics. Get's interesting (pardon the near pun) when you've a set amount of cash and start loaning it to folk. Link to comment
redstrummer Posted November 29, 2017 Share Posted November 29, 2017 Value has gone up ten fold since the start of the year , unreal !! Link to comment
alscotoz Posted November 29, 2017 Share Posted November 29, 2017 I doubt I'll ever get my head around the value of Bitcoin or any cryptocurrency for that matter. I'm likely repeating myself, but what's the basis for it's value other than a willingness of certain vendors to honour it's alleged value? At least with a Pound or a Dollar there's, supposedly, national assets which give the paper money it's value. There's a clause written right there on the money itself, 'This note is legal tender for all debts public and private' for Yanks, and likely something similar on UK money. With Bitcoin there's no pile of gold or silver that gives the Bitcoin any kind of inherent value. Obviously I'm missing something, but I've never heard any good explanation as to why I should sell something in exchange for a Bitcoin. I understand it's great if you want to but drugs, guns, or sex slaves on whatever iteration the Silk Road is currently at, but even then... why would you hand over a kilo of smack for a Bitcoin? So you can go buy more smack wholesale and sell it on for more virtual, essentially worthless, Bitcoin? And what if governments, as they inevitably will, decide to go after crypto currency because it's a threat to their own central banks? Or what if government realisescrypto currency can be better controlled if they create their own form of Bitcoin? At some point they have to believe that Bitcoin Farms pose a real threat to the value of their own currency. Banks of unregulated computers churning out rival currencies to the national currency? How long is THAT going to be ignored by Western banks? I've read articles that say it's possible that Bitcoin could be shut down, and conversely that it's impossible to shut down. But they've already shut down cryptocurrency in the past, so it's demonstrably possible to do so. I'm amazed Bitcoin has been allowed to carry on unimpeded for as long as it has, to be honest. But that's probably because I have zero understanding of what makes it attractive to anyone not dealing in drugs, weapons, or Rohingya slaves. I don't get it either. Link to comment
E-P-K Posted November 29, 2017 Share Posted November 29, 2017 I purchased a few months ago and the climb has been remakable. My original investment was high £100s and now worth few times more. Im gonna keep it running for some time yet, some so called experts (speculators...) see $30k as the ceiling price. There are plenty brokers and exchanges in the UK (and elsewhere) that you can cash out for £, but reallt need to look at the tax side of it. Perhaps just use it all to buy fake currency from the dark web instead. Link to comment
dave_min Posted November 29, 2017 Share Posted November 29, 2017 Gold is a shiny metal that is basically worthless in any real sense. It does alright cos folk will work to get more of it. Thus there is economics. Get's interesting (pardon the near pun) when you've a set amount of cash and start loaning it to folk.Gold is a very useful metal. Link to comment
Donnet Posted November 29, 2017 Share Posted November 29, 2017 I doubt I'll ever get my head around the value of Bitcoin or any cryptocurrency for that matter. I'm likely repeating myself, but what's the basis for it's value other than a willingness of certain vendors to honour it's alleged value? At least with a Pound or a Dollar there's, supposedly, national assets which give the paper money it's value. There's a clause written right there on the money itself, 'This note is legal tender for all debts public and private' for Yanks, and likely something similar on UK money. With Bitcoin there's no pile of gold or silver that gives the Bitcoin any kind of inherent value. Obviously I'm missing something, but I've never heard any good explanation as to why I should sell something in exchange for a Bitcoin. I understand it's great if you want to but drugs, guns, or sex slaves on whatever iteration the Silk Road is currently at, but even then... why would you hand over a kilo of smack for a Bitcoin? So you can go buy more smack wholesale and sell it on for more virtual, essentially worthless, Bitcoin? And what if governments, as they inevitably will, decide to go after crypto currency because it's a threat to their own central banks? Or what if government realisescrypto currency can be better controlled if they create their own form of Bitcoin? At some point they have to believe that Bitcoin Farms pose a real threat to the value of their own currency. Banks of unregulated computers churning out rival currencies to the national currency? How long is THAT going to be ignored by Western banks? I've read articles that say it's possible that Bitcoin could be shut down, and conversely that it's impossible to shut down. But they've already shut down cryptocurrency in the past, so it's demonstrably possible to do so. I'm amazed Bitcoin has been allowed to carry on unimpeded for as long as it has, to be honest. But that's probably because I have zero understanding of what makes it attractive to anyone not dealing in drugs, weapons, or Rohingya slaves. It's probably best to focus on the benefits of Blockchain instead of Bitcoin individually. Plenty of 5-10min youtube videos will do this better than anyone can type out an explanation. Bitcoin is just a financial implementation of Blockchain. There's loads of exciting companies using blockchain to revolutionise other industries like logistics and air travel. Many say in terms of investing Blockchain is what the internet was in the 90's. If it is, Bitcoin is quite possibly Blockchain's Myspace or FriendsReunited. One of the many alts could turn out to be the Facebook. Link to comment
tup Posted November 29, 2017 Share Posted November 29, 2017 Without the sale of drugs, Bitcoin would be worthless. Link to comment
maryhilldon Posted November 29, 2017 Share Posted November 29, 2017 Gold is a shiny metal that is basically worthless in any real sense. It does alright cos folk will work to get more of it. Thus there is economics. Get's interesting (pardon the near pun) when you've a set amount of cash and start loaning it to folk.No such thing as worthless metal. Ask any tinker. Link to comment
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