goose 6:04 Thu Dec 17
Bitcoin
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Bitcoin went past $23,000 today.
I've made just over £400 today trading it from the comfort of my sofa.
other cryptocurrencies have been flying as well.
short term fad or long term alternative currency??
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Replies - In Chronological Order ( Show Newest Messages First)
Moncurs Putting Iron
6:06 Thu Dec 17
Re: Bitcoin
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I am waiting to hear what Gaaaaaarlic Bread has to say on the matter.
I wont lift a finger until I do.
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goose
6:08 Thu Dec 17
Re: Bitcoin
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Gaarlic Bread = Gordon Gekko
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Moncurs Putting Iron
6:11 Thu Dec 17
Re: Bitcoin
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Buy on a whim
Sell when Desperate.
Bad advice never sleeps.
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Vexed
6:49 Thu Dec 17
Re: Bitcoin
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Hardly a short term fad, it's been around since 2009.
Darby_ told me it was a load of shit and that it was finished a year or so ago. Genius he is.
50k this time next year.
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Crassus
6:58 Thu Dec 17
Re: Bitcoin
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Vexed
Serious question as I subscribe to a little knowledge being a dangerous thing, so interested to know
Given the Covid impact and likely clawback by tax/inheritance/equity do you see a crypto as a modern day safe haven?
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cup of tea
7:29 Thu Dec 17
Re: Bitcoin
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Been trading bitcoin for about a year now, some losses some gains but overall this year I am £2,700 up and I don't trade a fortune. Started off with a £500 investment, went up to around £3,800 and now £2,700
Helps to know what you are doing though.
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Vexed
7:38 Thu Dec 17
Re: Bitcoin
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Crassus 6:58 Thu Dec 17
Nope it's quite risky in comparison to Gold or property and such like. But the returns are much greater.
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wansteadman
7:39 Thu Dec 17
Re: Bitcoin
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The first transaction with bitcoin was 2 pizzas from papa johns, 10,000 bitcoin $25 at the time now 230,000,000. Wonder what they did with them ?
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Crassus
8:03 Thu Dec 17
Re: Bitcoin
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Thanks boys, I will watch this fred with ignorant interest
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goose
8:07 Thu Dec 17
Re: Bitcoin
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High liquidity & high volatility, traders wet dream if you get it right more often than not.
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BRANDED
8:10 Thu Dec 17
Re: Bitcoin
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It’s a scarce easily tradable asset.
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Cabbage Savage
8:59 Thu Dec 17
Re: Bitcoin
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Bench krew woch Pickle Pickle mining for Bitcoin today.
He dig for 6 hour and not find 1 Bitcoin
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Crassus
9:23 Thu Dec 17
Re: Bitcoin
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Kick the cunt in the hole and refill it rapid - you know it makes sense
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Cheezey Bell-End
11:10 Thu Dec 17
Re: Bitcoin
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It's attracting corporate money now, in large volume.
Plus it's getting easier to buy without visiting an exchange or having special hardware.
So long term, it's likely to go up, even if it dumps soon as people take profit.
At the moment, the buoyancy in BTC is holding other coins back. But you can often make quick profits.
Some people say that Ethereum is the better investment as whole financial systems are developing around it.
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Dicko75
12:45 Fri Dec 18
Re: Bitcoin
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Who do you buy it through? I’ve worked in financial markets for past 30 years but can’t be arsed to research.
I brought some through Revolut a few weeks back but the spreads look crazy so I am guessing I am being screwed on price.
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Cheezey Bell-End
2:09 Fri Dec 18
Re: Bitcoin
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The betst way I think is to set up an account with 3c.exchange, which gives you a load of automated trading tools and is a front end with Binance as the exchange.
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Cheezey Bell-End
2:11 Fri Dec 18
Re: Bitcoin
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I bought 1 BTC on Revolut when it was really cheap a few months ago. I sold it for £2000 profit, which I've regretted ever since. I could have lived of it and still had much of it left.
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Darby_
4:15 Fri Dec 18
Re: Bitcoin
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“Darby_ told me it was a load of shit and that it was finished a year or so ago. Genius he is.
50k this time next year.“
Finally back in the black are you, Vexed? Good to hear. It pains me seeing naifs lose money.
Brave of you to make another prediction though after the way the last one went.
How about another bet? $50k USD 1 year from now? Loser pays £100 to Gav’s fund?
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Vexed
10:04 Fri Dec 18
Re: Bitcoin
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That's some high quality bitterness from Darby_. His trademark.
Eat it up son.
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SurfaceAgentX2Zero
10:54 Fri Dec 18
Re: Bitcoin
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Crypto-currencies are an interesting phenomenon. I read up on the technical aspects and am convinced they are an incredibly secure means of protecting against inflation and the seemingly never-ending propensity of central banks to engage in competitive devaluations without the expense of buying physical assets like gold.
However, paradoxically, were the shit really to hit the fan and the world's financial markets and currencies collapse, I'm not sure how many cans of baked beans and packets of shotgun cartridges I will secure by waving a bunch of really secure electrons in the seller's face.
It's possible crypto-currency is the ultimate in pyramid selling schemes.
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