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Bitcoin
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Whilst 'off-topic' means all non-football topics can be discussed. This is not a free for all. Rights to this area of the forum aren't implicit, and illegal, defamator, spammy or absuive topics will be removed, with the protagonist's sanctioned.
Whilst 'off-topic' means all non-football topics can be discussed. This is not a free for all. Rights to this area of the forum aren't implicit, and illegal, defamator, spammy or absuive topics will be removed, with the protagonist's sanctioned.
Bitcoin
"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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- Posts: 53
Re: Bitcoin
"Spot on Vexed. The Americans must file their taxes by June 15th, so your seeing a lot of people selling to be able to pay their taxes. Or in vain attempts to hide their Crypto earnings/profits American cgt on short term gains is as high as 40%, and on longer term investments it’s 20% so hefty bills there. Thus taking a hit of 10% in a drop in crypto prices is still more advantageous for them. Once it’s two weeks clear of the Tax deadline normal service usually resumes."
Re: Bitcoin
"camel-with-3-humps 4:22 Sun May 16 Fucking hell. Hold the front page, camel reckons the price of Bitcoin might fluctuate a bit. Great insight there. Dips most years about now, calm your shit. All this while telling people to buy Bitcoin Cash. Embarrassing."
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- Posts: 91
Re: Bitcoin
I'm holding until at least 2024. Might try and forget about it until then. It'll either be a nice surprise....or not.
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- Posts: 62
- Has liked: 1 time
- Been liked: 5 times
Re: Bitcoin
"Be wary if buying bitcoin right now. It's at a 50/50 stage. The market structure has changed from higher highs. There are big gaps in volume transaction below 50,000USD - that means sharper and more rapid falls. If we lose 45K, back down to 42K. If we lose 40K, back down to 32K If we lose 30K, back down to 24K If we lose 24K, back down to 19K Have a clear idea of when to take profits, when to cut losses if swing trading. If a HODLer, there is a good chance you are going to have to sweat out some very big drops before a return to the highs. That's the downside."
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- Posts: 212
- Old WHO Number: 17002
Re: Bitcoin
"I just bought BTC. Spent about 10% of my total pot. Hopefully that's the end of the dip, but I don't have a good record with these things."
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- Posts: 212
- Old WHO Number: 17002
Re: Bitcoin
"I just bought BTC. Spent about 10% of my total pot. Hopefully that's the end of the dip, but I don't have a good record with these things."
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- Posts: 212
- Old WHO Number: 17002
Re: Bitcoin
"I bought a load of doge a few days ago before it promptly dumped 30%. It's back in profit now, but I wasn't able to buy the dip. Most of what I have is ETH, so hopefully it keeps going up. 10,000 would do nicely."
Re: Bitcoin
"Just short of 20,000 BTC moved onto exchanges before Elon's FUD tweet. Dogecoin also pumped again last night following another tweet. If it were stocks he'd be under investigation. (I may be bitter for selling my Dogecoin (bought at 2p) a couple of months ago)"
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- Posts: 64
- BRANDED
- Posts: 1706
- Location: London
- Old WHO Number: 209826
- Has liked: 70 times
- Been liked: 124 times
Re: Bitcoin
Crypto arent really currencies. As proven by the Elon musk ban on them. He wouldn't ban pounds or dollars. This isnt to say that they arent used like currencies for transactions online. They started as fiat and may end as fiat depending on who is willing to trade goods and services with them.
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- Posts: 35
- Old WHO Number: 260056
Re: Bitcoin
"USD is fiat money, but what else is there? Days of Bretton Woods and the gold standard ended years ago. Have to dig out again an article on the degree to which cryptocurrencies are genuine currencies/monies or (virtual) assets."
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- Posts: 271
- Old WHO Number: 234553
- Been liked: 1 time
Re: Bitcoin
Isn’t the US dollar the biggest rug pull? Massive inflation Ability to print as much as you want It’s XRP and Cardano by the looks of it for the futre
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- Posts: 91
Re: Bitcoin
Cheezey Bell-End 9:19 It's pretty laughable that 10% is wiped off in hours as a result of a fucking tweet. But it's of little concern to holders.
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- Posts: 212
- Old WHO Number: 17002
Re: Bitcoin
"I have about 20x as much as a year ago, but could do without Musk and the like manipulating the market. if I do that to Tesla shares, I go to prison. I've got enough now that I worry about screwing up. So when the free system I'm currently using shuts down in a couple of weeks, I plan on moving the bulk of it back to Binance and letting a system called Stoic manage it. It's not cheap, but the annual fee should take about a week to get back. And I agree that you only make a loss if you sell at one. If you're patient, you can turn it round. I've done it lots of times."
Re: Bitcoin
Think anyone who holds long term will make serious cash even at current price. I tripled £5k in about 6 weeks at the start of year but that was just a punt and not holding anything at the moment. Definitely plan to buy again as like it or not they will become mainstream currencies over next decade.
Re: Bitcoin
ChillTheKunt you could afford to lose a good few pounds.....that's on the scales not your bank balance you fat slob