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Bitcoin

Posted: 17 Dec 2020, 18:04
by 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??"

Re: Bitcoin

Posted: 18 Dec 2020, 00:45
by Dicko75
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.

Re: Bitcoin

Posted: 17 Dec 2020, 23:10
by Cheezey Bell-End
"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."

Re: Bitcoin

Posted: 17 Dec 2020, 21:23
by Crassus
Kick the cսnt in the hole and refill it rapid - you know it makes sense

Re: Bitcoin

Posted: 17 Dec 2020, 20:59
by Cabbage Savage
Bench krew woch Pickle Pickle mining for Bitcoin today. He dig for 6 hour and not find 1 Bitcoin

Re: Bitcoin

Posted: 17 Dec 2020, 20:10
by BRANDED
It’s a scarce easily tradable asset.

Re: Bitcoin

Posted: 17 Dec 2020, 20:07
by goose
"High liquidity & high volatility, traders wet dream if you get it right more often than not."

Re: Bitcoin

Posted: 17 Dec 2020, 20:03
by Crassus
"Thanks boys, I will watch this fred with ignorant interest"

Re: Bitcoin

Posted: 17 Dec 2020, 19:39
by wansteadman
"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 ?"

Re: Bitcoin

Posted: 17 Dec 2020, 19:38
by Vexed
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.

Re: Bitcoin

Posted: 17 Dec 2020, 19:29
by cup of tea
"Been trading bitcoin for about a year now, some losses some gains but overall this year I am Ôø?2,700 up and I don't trade a fortune. Started off with a Ôø?500 investment, went up to around Ôø?3,800 and now Ôø?2,700 Helps to know what you are doing though."

Re: Bitcoin

Posted: 17 Dec 2020, 18:58
by Crassus
"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?"

Re: Bitcoin

Posted: 17 Dec 2020, 18:49
by Vexed
"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."

Re: Bitcoin

Posted: 17 Dec 2020, 18:11
by Moncurs Putting Iron
Buy on a whim Sell when Desperate. Bad advice never sleeps.

Re: Bitcoin

Posted: 17 Dec 2020, 18:08
by goose
Gaarlic Bread = Gordon Gekko

Re: Bitcoin

Posted: 17 Dec 2020, 18:06
by Moncurs Putting Iron
I am waiting to hear what Gaaaaaarlic Bread has to say on the matter. I wont lift a finger until I do.