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Bitcoins (and other crypto currencies)



The Psychedelic Socialist

ClioSport Club Member
Is there any data on what actually supports the value of these currencies and affects their value?

I mean, the dollar, gold, oil, wheat, tulips, potatoes etc all have strong analytical data behind them that identifies what their value is and why. Does Crypto currency have anything similar?
Underpant gnomes.

We now know that phase 2 was 'Cryptocurrency'
 

Marc.

ClioSport Club Member
That's a lot of dollar.
I’m taking a (hopefully) educated gamble. My best mate has been researching Ripple for months now, he’s already made quite a lot of money from it. He’s confident that I’ll also profit well out of it, and the estimates he’s told me about look very promising indeed.

It was a massive ballache, but I got lucky. That was via a Broker, and by the time he’d sent the coin over, I’d already broken even - given I started slightly behind due to buying from them.
 

AdDaMan

ClioSport Club Member
I’m taking a (hopefully) educated gamble. My best mate has been researching Ripple for months now, he’s already made quite a lot of money from it. He’s confident that I’ll also profit well out of it, and the estimates he’s told me about look very promising indeed.

It was a massive ballache, but I got lucky. That was via a Broker, and by the time he’d sent the coin over, I’d already broken even - given I started slightly behind due to buying from them.
Fingers crossed. I have 417 XRP. Cost me about £150 though 😅 And that was after it doubling after someone told me to buy it!
 

Marc.

ClioSport Club Member
Fingers crossed. I have 417 XRP. Cost me about £150 though 😅 And that was after it doubling after someone told me to buy it!
Lucky git! I should’ve pulled the trigger last month, it was $0.26 when I first pondered it!! Trying to forget that though, otherwise I’ll get annoyed!
 

Herr Flick

aka Herman Ze German
Lucky git! I should’ve pulled the trigger last month, it was $0.26 when I first pondered it!! Trying to forget that though, otherwise I’ll get annoyed!
I have just under 450. Bought them a few weeks ago. I hope you're right.
 

Pep

ClioSport Club Member
  M2,XJS,S1000RR
Not convinced in XRP, thinking of flogging mine off, a lot of people saying it's a bit of a sham and destined to fail...hmm. I've done well out of it though.

Also got a decent load of TRX, apparently a 'big' announcement due tomorrow but heard rumours it will be s**t and possibly plummet, but if it's good it should rise so a bit uncertain what to do....
 

Marc.

ClioSport Club Member
Well, my mate, who has spent far too much time reading it all, says that $20 is more than reasonable this year. Depending on the results of the consultations being held by every major Japanese bank, which are due this month, it could be even higher. People saying that $1000 is more than possible!
 

Pep

ClioSport Club Member
  M2,XJS,S1000RR
Well, my mate, who has spent far too much time reading it all, says that $20 is more than reasonable this year. Depending on the results of the consultations being held by every major Japanese bank, which are due this month, it could be even higher. People saying that $1000 is more than possible!

Not disputing that mate, there's always people that are for and against, all down to judgement and gut feeling I guess. I think I'll stay in as it's a relatively small amount, I bought most of mine at less than $2, and FOMO is a big thing.
 

Marc.

ClioSport Club Member
Not disputing that mate, there's always people that are for and against, all down to judgement and gut feeling I guess. I think I'll stay in as it's a relatively small amount, I bought most of mine at less than $2, and FOMO is a big thing.
Absolutely - my comment wasn’t in reply to your belief it’ll fail, like you said, everyone’s thoughts will differ. I have my concerns, but I’m happy to lose what I’ve invested, if it works, then great!
 
  MK2 PH2 1.2 16V
Coinbase rejected my ID, I took a photo of driving license twice and they aren’t having it, any ideas?
 

Ay Ay Ron

ClioSport Club Member
Coinbase rejected my ID, I took a photo of driving license twice and they aren’t having it, any ideas?
Mine got rejected 3 times.
Tried again next day and went straight through. Didn't change any settings on my camera. It could have just been busy their end.
 

Deeg

ClioSport Club Member
I’ll ask this again, as it was asked earlier and seemingly ignored, how many people have managed to buy, trade and then withdraw actual money from this.

I mean, cold hard cash that can be used in exchange for goods md services IRL?
 

Oggy997

ClioSport Club Member
  997.1, Caddy, e208
I havent tried, but a guy I know just cashed out his BTC the other day....

That said, many a retailer accepts BTC now, so it's all tangible.
 

Pep

ClioSport Club Member
  M2,XJS,S1000RR
I’ll ask this again, as it was asked earlier and seemingly ignored, how many people have managed to buy, trade and then withdraw actual money from this.

I mean, cold hard cash that can be used in exchange for goods md services IRL?

I've withdrawn actual cash into my bank account via coinbase, so it is possible!
 

Herr Flick

aka Herman Ze German
So have I. Sold my bit coins to someone on local coins and had the money within 10 minutes.

Very easy process
 

Breamy

ClioSport Club Member
So any recommendations for someone with a few hundred quid to play with ? Not done anytl crypto currency before
 

Marc.

ClioSport Club Member
Any recommendations of brokers etc ?
I used a broker called DigiCoinz, that sent it to my GateHub wallet. I found that they were really professional - yeah, I paid about 10% extra, but there was no wait, and I bought it during a dip through the day anyway, so I’d broken even by the time I’d received the coins.
 
I’ll ask this again, as it was asked earlier and seemingly ignored, how many people have managed to buy, trade and then withdraw actual money from this.

I mean, cold hard cash that can be used in exchange for goods md services IRL?

Yes.

Nobody probably replied because the answer is obvious.. I mean years ago it was more difficult, but localbitcoins has been around for years, so has Coinbase.
 

Marc.

ClioSport Club Member
Ripple is not decentralised which is the whole point of crypto
And...?

It doesn’t necessarily make it any less of an investment, does it? In fact, to me, it’s the opposite - the fact that banks are trialing their technology, and getting on board, just adds credence to their business, and will hopefully result in a larger coin price...meaning more money for me.
 
Coins are loving it recently. There is some serious cash to be made. Although people do need to bare in mind it is still a risk.

I'm getting quite obsessed with it all and have aquired quite a few different things now. It seems that no matter what you buy at the moment it all makes money.

FunFair was huge from when I first mentiond it. It was 3-4 cents then, it was trading 18 cents this weekend. That's 400+%. The world is crazy.
 
  MK2 PH2 1.2 16V
Binnance and Bittrex aren't accepting new people atm. ffs. I'm getting into this at the wrong time.
 
  BMW M4; S1000 RR
Coins are loving it recently. There is some serious cash to be made. Although people do need to bare in mind it is still a risk.

I'm getting quite obsessed with it all and have aquired quite a few different things now. It seems that no matter what you buy at the moment it all makes money.

FunFair was huge from when I first mentiond it. It was 3-4 cents then, it was trading 18 cents this weekend. That's 400+%. The world is crazy.

Yeah a friend of mine has even started a "crypto fund" lol.

I put a bit of money in just because I'm a nerd and love the idea of decentralised currency. Don't see how we get there from where we are currently though, but there's loads of other uses for blockchain so vov.
 


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