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[Finance] The cryptocurrency (Bitcoin etc) thread





Hamilton

Well-known member
NSC Patreon
Jul 7, 2003
12,390
Brighton
My shoeshine guy advised me to buy some of them bitcoins this morning. He knows when he’s onto a good thing.


Sent from my iPhone using Tapatalk
 




Biscuit

Native Creative
Jul 8, 2003
22,205
Brighton
My shoeshine guy advised me to buy some of them bitcoins this morning. He knows when he’s onto a good thing.


Sent from my iPhone using Tapatalk

Nice reference - if it pops its going to leave a lot of people very out of pocket.
My concern it's those who can afford it least that'll be most effected.

I'm grateful to have taken out my initial investment so everything else is just fun and I'll never be out of pocket.

Mad that I checked my wallet this morning and I had made £800 in my sleep.. or will have if I cash out. Until then it's all magical internet money! But as long as you don't put in more than you can afford to lose, and are aware of the huge risks, then it is rather good fun,
 


sydney

tinky ****in winky
Jul 11, 2003
17,736
town full of eejits
Been noticing the price going up a lot lately. I think it's the highest ever now and has gone up nearly 10% today to close to $1500 each!

www.preev.com has the price [EDIT: hmm actually the price might be a glitch on that site as it's shown as $1350 in other places...I just noticed a big jump so maybe it's not accurate at the mo]

I received a partial refund from a Chinese company in bitcoins about 18 months ago...about 10 of them. They were worth £3000 (seems a lot but I had sent them a bank transfer of a lot more than this) and they have now almost quadrupled in value!

I wonder how high it will go?? All I know is there is a limited amount that can be created so they can't really be deflated too much. I did read that it was predicted to end up on a price of $2000 by the end of the year but this was just some article and someone's opinion.

**** me dead...!! :thumbsup:
 




Gazz15

New member
May 13, 2014
518
Newhaven
7 trading days ago, someone posted at $90 for Litecoin, this is due a rise. How did that person 'know' this or was it a total guess at that stage?

$90 to $279 in 7 days is some going!
 


Biscuit

Native Creative
Jul 8, 2003
22,205
Brighton
7 trading days ago, someone posted at $90 for Litecoin, this is due a rise. How did that person 'know' this or was it a total guess at that stage?

$90 to $279 in 7 days is some going!

It's a huge spike. People will claim they've studied the numbers but it's probably nothing more than a guess.

The £250 I put into LTC a few weeks back was £5,000 when I checked it last night.
 






Tom Hark Preston Park

Will Post For Cash
Jul 6, 2003
69,880
It's a huge spike. People will claim they've studied the numbers but it's probably nothing more than a guess.

The £250 I put into LTC a few weeks back was £5,000 when I checked it last night.

Might be wise to take enough out before Xmas to a) pay for Xmas and b) run a quick check that wherever you're holding them is still processing withdrawals properly and doesn't conveniently claim to have been hacked. Don't be mesmerised by the numbers. There's still real money involved. Or should be.

Just saying like :wink:
 


vegster

Sanity Clause
May 5, 2008
27,867
Might be wise to take enough out before Xmas to a) pay for Xmas and b) run a quick check that wherever you're holding them is still processing withdrawals properly and doesn't conveniently claim to have been hacked. Don't be mesmerised by the numbers. There's still real money involved. Or should be.

Just saying like :wink:

Indeed, for someone to get rich, someone needs to get poor.
 








beorhthelm

A. Virgo, Football Genius
Jul 21, 2003
35,265
Wow, we'll make a socialist of you yet!!! :laugh:

socialism is the other way round. take someones million making them poor, then give a million people £1, but they aren't rich. in the process working capital is destroyed, so you have to go and tax everyone o get money to build anything substantial.
 


vegster

Sanity Clause
May 5, 2008
27,867
That isn't strictly true, is it? If a million people each gave me £1, none of them would be significantly poorer, but I would be significantly richer.

I can see your point, but I think you have rather shown your Tory credentials yet again.
 




Biscuit

Native Creative
Jul 8, 2003
22,205
Brighton
Might be wise to take enough out before Xmas to a) pay for Xmas and b) run a quick check that wherever you're holding them is still processing withdrawals properly and doesn't conveniently claim to have been hacked. Don't be mesmerised by the numbers. There's still real money involved. Or should be.

Just saying like :wink:

Wise words mate,

TBH I've taken my initial deposit out and now so I'm in the game for free. I might take out a grand for Xmas and then I know whatever happens I made a nice sum.

Despite the silly gains I'm not greedy, I have a number I'll cash out at but if I lose it all before then so be it. It's not real money until I withdraw it so I'm not getting attached. Finding the whole thing a rather enjoyable distraction TBH, but if the car breaks down I'm out! [emoji23]
 


vegster

Sanity Clause
May 5, 2008
27,867
That isn't strictly true, is it? If a million people each gave me £1, none of them would be significantly poorer, but I would be significantly richer.

I don't think many people have stopped at a £1 investment though. There will be casualties.
 


Titanic

Super Moderator
Helpful Moderator
Jul 5, 2003
39,025
West Sussex
Ouch - for some!

Bitcoin continues to give its investors a volatile ride. This week it has lost more than a third of its value from its record high of nearly $20,000.

On Friday, the cryptocurrency's price fell below $11,000, according to the Coindesk exchange website, before recovering to about $12,000.

This puts it on track for its worst week since 2013.

Bitcoin has had a blistering trip over the past 12 months. Its price at the start of the year was $1,000.

http://www.bbc.co.uk/news/business-42457983

#crazy
 


Tom Hark Preston Park

Will Post For Cash
Jul 6, 2003
69,880
Ouch - for some!

Bitcoin continues to give its investors a volatile ride. This week it has lost more than a third of its value from its record high of nearly $20,000.

On Friday, the cryptocurrency's price fell below $11,000, according to the Coindesk exchange website, before recovering to about $12,000.

This puts it on track for its worst week since 2013.

Bitcoin has had a blistering trip over the past 12 months. Its price at the start of the year was $1,000.

http://www.bbc.co.uk/news/business-42457983

#crazy

104106169-GettyImages-888386-001r.530x298.jpg
 




nicko31

Well-known member
Jan 7, 2010
17,523
Gods country fortnightly
Bitcoin dipped below £5000 today, amazing fall since it hit £15000 in mid December. Another failed ponzi scheme
 


vegster

Sanity Clause
May 5, 2008
27,867
Bitcoin dipped below £5000 today, amazing fall since it hit £15000 in mid December. Another failed ponzi scheme

Markets plunging too, could be time for the long overdue readjustment.
 



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