Bitcoin

[goose]

"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??"

[ChillTheKeel]

"You only lose money if you sell. It's certainly no get rich quick scheme but more for those in it for the long haul. Either way, it's still betting and like all betting you should only invest what you can afford to lose."

[ChillTheKeel]

"You only lose money if you sell. It's certainly no get rich quick scheme but more for those in it for the long haul. Either way, it's still betting and like all betting you should only invest what you can afford to lose."

[OccupyGreenStreet]

"Anyway, this Ponzi scheme notion, is anyone actually losing money in the cryptocurrency game? It’s like betting stories, always only hear how much people are up, not down."

[ChillTheKeel]

Sounds like Musk is using his platform to manipulate the market. ________ Of course he is. He has plenty of form. He was agreeing with the notion that Bitcoin actually incentives renewable energy only a few weeks ago.

[dolph]

Shame Musk only learnt about how bitcoin was mined after his company invested a billion or two.

[ChillTheKeel]

"Cheers for the dip/sale price, Musk you maniac."

[OccupyGreenStreet]

Mining is how a new bitcoin is generated and then acknowledged on the distributed ledger courtesy of blockchain. Musk is right in that mining bitcoin is a grotesque use/waste of energy supplies.

[Sven Roeder]

So .... Bitcoin is a VIRTUAL currency isnt it? Sounds like a massive Ponzi or pyramid scheme to me but thats by the by. What is this stuff about BITCOIN MINING? Mining what and why? Sounds like Musk is using his platform to manipulate the market. Has he sold out of this and is now driving down the market to buy back in ... before he pumps it up again by announcing he has changed his mind?

[goose]

"Tesla Inc. will halt sales of cars using bitcoin due to the effects on the environment that cryptocurrency mining can have, Chief Executive Elon Musk said Wednesday, and prices of Tesla shares and the cryptocurrency dropped immediately after. “Tesla has suspended vehicle purchases using bitcoin,” Musk posted on Twitter. “We are concerned about rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel.”"

[ChillTheKeel]

"Kraken is decent, but like any exchange, don't use it as a wallet -although its security is very good. And make sure you pick a wallet that is non-custodial. And avoid Blockchain.com like the fucking plague."

[Bernie]

Blockfi will give you 6% interest whilst they play with your bitcoins

[Bishopsfinger]

Much appreciated

[Irish Hammer]

"I use Bitstamp, Id highly recommend it. There are loads but be careful. And stay away from Coinbase !"

[Bishopsfinger]

Which app/ platform is a good starter to look at please ? With regards to start buying

[stubbo]

"Saw a tweet yesterday highlighting that a crypto coin called ""Cumrocket"" was up 630% on the day! Insane."

[bigst]

XRP dipped to 67p a few hours ago...its currently 80p...has been as high as £1.26 in last 7 days

[Pub Bigot]

"Bruuuno, it dumped down to $0.90 and is now at $1.04. I"

[bruuuno]

Gloating not floating

[bruuuno]

How’s XRP getting on? My mates were floating about it the other week as I didn’t get in when they all did

[ChillTheKeel]

"I'm down 16% and couldn't care less, I didn't buy just to sell at the first sign of a drop."

[BRANDED]

My share prices are up 30% in the last year. Rarely likely to dip but if they do they rebound quickly.

[ChillTheKeel]

BUY AND HOLD

[ChillTheKeel]

BUY AND HOLD

[bigst]

Major crypto crash in last few days...plenty of bargains to be had at the moment...BUY BUY BUY

[Vexed]

Apologise for your shit advice? Nah mate. Lets put your genius pick in perspective by comparing it to the performance of other coins/tokens: So BCH up around 130% since the start of the year. Quite good until you compare to: ADA - up 750% Theta - up 500% MATIC - up 2300% These are rough figures and happen to be the last three things I bought back in Jan hence I know the rough numbers. But you really could pick anything and it would have done as well or better than BCH. Your BCH advice looks a bit shit now doesn't it? Now fuck off.