Bitcoins (and other crypto currencies)

[seaneylad]

XLM I think is being added to cex.io with a USD trading pair (I think)

I took some money out before the major crash to buy a land rover defender 90, the rest of my portfolio looks in a sorry state. Leaving it to ride it out now till end of 2018. If LTC drops near 30/40/50$ mark ill do in heavy again.

 

[197.]

I hope this crash keeps going, it'll give me a good chance to buy more cryptocurrencies on the cheap.

 

[Herr Flick]

I hope this crash keeps going, it'll give me a good chance to buy more cryptocurrencies on the cheap.

And do what with them? What makes you think they're going back up?

 

[Ol’ Tarby]

And do what with them? What makes you think they're going back up?

Because the "investors" said so

 

[197.]

And do what with them? What makes you think they're going back up?

Because various technologies are constantly being developed and there will come a point where the value of certain cryptocurrencies won't largely be manipulated based on that of bitcoin, but on what they've created. I've still almost doubled my initial investment in OMG and it's only a matter of time before they release the wallet sdk to the public. Yes it could completely go bust, but when you look at the omise and the advisors for omisego I don't really see it happening. I also find it funny how people who clearly don't believe in cryptocurrencies or are skeptical only pop up when s**t hits then fan or try to make out that everyone here is blindly following what people are saying instead of doing their own research, but hey whatever makes you feel better I guess.

 

[Ol’ Tarby]

I also find it funny how people who clearly don't believe in cryptocurrencies or are skeptical only pop up when s**t hits then fan or try to make out that everyone here is blindly following what people are saying instead of doing their own research, but hey whatever makes you feel better I guess.

Hi!
Let me be clear, I have nothing against cyrptocurrencys, and it probably will be the future, but my comments are aimed at my mate (and people like him) that fall into your "blindly following people" comment.

There's many people in this thread that research this to s**t. These I understand

 

[Ex-User (19928)]

You can do all the research you want, doesn't make it any less of a bubble.

 

[R3k1355]

You can do all the research you want, doesn't make it any less of a bubble.

I don't even know how much it actually helps either.

3 weeks ago I was talking to a financial analyst who was showing me all his graphs about how everything was about to shoot back up.

 

[STEVE.M]

I don't even know how much it actually helps either.
3 weeks ago I was talking to a financial analyst who was showing me all his graphs about how everything was about to shoot back up.

You must be a pretty boy?

 

[welshname]

Think Ripple is pretty much dead. Not sure it can survive this, but it's worth so little now there's no point in cashing out.

I'm hoping FUN sees a nice increase over the next few days after they've been at ICE (https://www.icetotallygaming.com) only time will tell I suppose. Think I'll leave money in those for the long haul though.

 

[R3k1355]

Lloyds group have taken a stand against Bitcoin today, prevent credit card customers from purchasing it.

Lloyds Banking Group has banned its customers from buying Bitcoin and other crypto-currencies on their credit cards.
The ban, starting on Monday, applies to Lloyds Bank, Bank of Scotland, Halifax and MBNA customers.

It will not apply to debit cards, only to the banking group's eight million credit card customers.
The move follows a sharp fall in the value of digital currencies, prompting fears about people running up debts.
Lloyds is concerned it could end up footing the bill for unpaid debts should the price continue to fall.

 

[The Psychedelic Socialist]

Lloyds group have taken a stand against Bitcoin today, prevent credit card customers from purchasing it.

Probably a good idea.

Can you buy chips in a casino using a credit card for comparison?

 

[R3k1355]

Can you buy chips in a casino using a credit card for comparison?

No idea to be honest. Do they also prevent people using their cars in Ladbrokes and Betfred?

I can see where they are coming from, but people will find any number of reasons to ruin themselves and banks have been left with their debts for years.

 

[The Psychedelic Socialist]

No idea to be honest. Do they also prevent people using their cars in Ladbrokes and Betfred?

I can see where they are coming from, but people will find any number of reasons to ruin themselves and banks have been left with their debts for years.

If they're consistent, i.e. no gambling using credit cards then it sounds fair to me. If they're not, then it's just knee-jerk stuff as I fail to see how using a credit card to stick £1,000 on black is less risky than buying £1,000 of garlicoin.

 

[Gally]

I was just always surprised that people couldn't see this was propped up by professional investors. They inflated everything to eye-watering levels and relieved people of their money.

The bitcoin price was fictitious. It wasn't worth that. All the guys in America were saying the same. Up up up! These guys do that for a living and stupid people helped them make millions.

 

[Oggy997]

 

[The Psychedelic Socialist]

I was just always surprised that people couldn't see this was propped up by professional investors. They inflated everything to eye-watering levels and relieved people of their money.

The bitcoin price was fictitious. It wasn't worth that. All the guys in America were saying the same. Up up up! These guys do that for a living and stupid people helped them make millions.

The problem is though that everyone says 'it isn't worth that' without saying what it is worth.

Clearly it has some worth as people are prepared to pay for it and it has some use for a lot of people (darknet shopping, means of avoiding currency controls, e.g. in China).

Given that, it's really easy to say with hindsight "i told you so", but BTC has done exactly this year after year after year. Past performance is obviously no guarantee of future returns etc., but it wouldn't surprise me to see it break new highs again later this year.

 

[Ex-User (19928)]

I was just always surprised that people couldn't see this was propped up by professional investors. They inflated everything to eye-watering levels and relieved people of their money.

The bitcoin price was fictitious. It wasn't worth that. All the guys in America were saying the same. Up up up! These guys do that for a living and stupid people helped them make millions.

What type of investors are you talking about? No one regulated is allowed to buy Bitcoin with client money.

(In the western world at least)

 

[R3k1355]

The problem is though that everyone says 'it isn't worth that' without saying what it is worth.

It's not something that can be answered though, it could be nearly worthless or worth tens of thousands depending on how you look at it.

Clearly it has some worth as people are prepared to pay for it and it has some use for a lot of people (darknet shopping, means of avoiding currency controls, e.g. in China).

but at the same time the more people that use it the slower transactions take to process, which almost makes it worthless for it's intended purpose.

 

[The Psychedelic Socialist]

It's not something that can be answered though, it could be nearly worthless or worth tens of thousands depending on how you look at it.



but at the same time the more people that use it the slower transactions take to process, which almost makes it worthless for it's intended purpose.

Ah, but lightning will fix all our woes, reduce transaction speed, lower fees, give me a full head of hair and send BTC rocketing back into the stratosphere.

 

[R3k1355]

or the community will fracture again, because it seems like no-one can ever agree on anything.

 

[mace¬]

Are we winning?

 

[boultonn]

FUN is down to $0.04. SO rich right now...

 

[Stay Puft]

XRP crashed again after slight improvement

 

[Gally]

What type of investors are you talking about? No one regulated is allowed to buy Bitcoin with client money.

(In the western world at least)

Clients money? I never said anything about a hedge fund! Fact is pros were propping the thing up with people jumping on the bandwagon! It's fake! It's a fake value because people bought in to it to make money!

That's not a true value. You weren't buying shares in a business that is looking for profits to go up the way and new products coming up. The price went up because people wanted to make money on something that essentially doesn't tangibly exist and it drove the price up. They were making the product more expensive by buying it. No other reason!

It wasn't worth more, just more people wanted it.

 

[R3k1355]

on the same theme though, the people that jacked the price up previously will probably do it again.

They would have cashed out in December, probably causing the first crash.
They'll wait till the price slumps, then get back in it and pump the market right back up again.

 

[botfch]

Its just doing what the markets have always done, the names will change but it will come back, there's value in the technology behind it.

"Joe Kennedy (1929) , a famous rich guy in his day, exited the stock market in timely fashion after a shoeshine boy gave him some stock tips. He figured that when the shoeshine boys have tips, the market is too popular for its own good"

 

[Ex-User (19928)]

Clients money? I never said anything about a hedge fund! Fact is pros were propping the thing up with people jumping on the bandwagon! It's fake! It's a fake value because people bought in to it to make money!

That's not a true value. You weren't buying shares in a business that is looking for profits to go up the way and new products coming up. The price went up because people wanted to make money on something that essentially doesn't tangibly exist and it drove the price up. They were making the product more expensive by buying it. No other reason!

It wasn't worth more, just more people wanted it.

I don't know gally. You're throwing an idea around that can't be proven. So what use is it debating when you're so convinced by a theory?

You're also making some wild assumptions. Do I believe that BTC will be the future of money? No. But currently it has a tangible value as it can be exchanged for goods and services, so to suggest its only value is speculative is wrong.

Other "coins" have other benefits and I suspect that more will fail than go anywhere, but the tech is not going anywhere IMO - whether it's badged as a currency or not. That isn't to say there isn't a bubble, has it burst or will it burst? Those are the questions but you'll have to forgive me for not taking your word on the answers.

 

[Typhoon]

Jesus.. just saw this on Thames Valley Police Facebook page.. was reading it as if it was a normal burglary..


We are releasing E-Fit images as part of an ongoing investigation following an aggravated burglary in Moulsford, Oxfordshire.

At around 9.40am on Monday, 22 January, four men entered a residential property in Offlands Court, off Reading Road. The occupant, a man who was outside the property, shouted for help and was pulled in to a property by the offenders.

The offenders threatened two men and a woman who were inside the property, with what appeared to be a firearm and demanded one of the occupants transfer Bitcoins electronically to another account.

The victim was struck to his head but was not seriously injured during the incident. He attended the John Radcliffe Hospital and was later discharged.

The transaction was not successful.

Detectives are investigating the aggravated burglary and would like to trace the men shown in the three E-Fit images.

The first man is black, approximately 19 years old, 6ft 1in, of an athletic/slim build and was wearing a dark blue sports jacket with distinctive white slashes across the shoulder and down one arm. He was wearing similar colour trousers, but these were not a matching set. He was also wearing white shoes which made him stand out.

The second man is white, aged in his mid twenties, approximately 5ft 7ins, of slim build. He had long patchy stubble and was wearing a small rucksack on his back.

The third man is black, aged in his mid twenties, and is taller than 6ft. He was wearing a black Puffa-style jacket.

We are continuing to investigate this incident and would still like to speak to anyone who has any information about what happened.

Officers would also like to appeal for anyone who saw anything suspicious in the area, particularly after 10am on Monday 22 January, or who saw people who they believe may be the offenders enter or use a vehicle in the area.

We are also interested in speaking to anyone who believes they recognise the men shown in these E-Fit images as this could assist our investigation.

No arrests have been made at this stage and anyone with any information relating to the incident is asked to call Thames Valley Police.

If you have any information relating to this case, please call 101 quoting reference '43180021974', or contact Crimestoppers anonymously on 0800 555 111.

 

[Ex-User (19928)]

f**king lol at that middle picture!

 

[Typhoon]

f**king lol at that middle picture!

I can’t begin to imagine the fear when he of all people squared up to the victim. It’s times like this I wish I had intelligence of criminals, I’d crack every inch of his jaw for being a chief.

I’d let the other two off because they’re clearly from gang lives and would boy me all over the shop.

 

[ChrisR]

Im genuinely dumb when it comes to some of this so there’s no snideyness behind any comments!

there's value in the technology behind it.

I see this has been written a lot, there’s a value in the technology, are we saying the differing tech between the different coins all has some sort of value?

The tech (blockchain) does have uses which can be seen in that it’s being used by some large companies for things.

There’s some major work going on in the banking industry to make use of blockchain tech.

But what I fail to see is how a tech being useful somewhere else makes a particular coin have any value? In buying the coin how does the tech used behind it give it any value as such?

Or is it a case of get the tech to a point where the current drawbacks/issues with using something like Bitcoin are ironed out and people will move to that coin giving them more ‘value’?

 

[Marc.]

Jesus.. just saw this on Thames Valley Police Facebook page.. was reading it as if it was a normal burglary..


We are releasing E-Fit images as part of an ongoing investigation following an aggravated burglary in Moulsford, Oxfordshire.

At around 9.40am on Monday, 22 January, four men entered a residential property in Offlands Court, off Reading Road. The occupant, a man who was outside the property, shouted for help and was pulled in to a property by the offenders.

The offenders threatened two men and a woman who were inside the property, with what appeared to be a firearm and demanded one of the occupants transfer Bitcoins electronically to another account.

The victim was struck to his head but was not seriously injured during the incident. He attended the John Radcliffe Hospital and was later discharged.

The transaction was not successful.

Detectives are investigating the aggravated burglary and would like to trace the men shown in the three E-Fit images.

The first man is black, approximately 19 years old, 6ft 1in, of an athletic/slim build and was wearing a dark blue sports jacket with distinctive white slashes across the shoulder and down one arm. He was wearing similar colour trousers, but these were not a matching set. He was also wearing white shoes which made him stand out.

The second man is white, aged in his mid twenties, approximately 5ft 7ins, of slim build. He had long patchy stubble and was wearing a small rucksack on his back.

The third man is black, aged in his mid twenties, and is taller than 6ft. He was wearing a black Puffa-style jacket.

We are continuing to investigate this incident and would still like to speak to anyone who has any information about what happened.

Officers would also like to appeal for anyone who saw anything suspicious in the area, particularly after 10am on Monday 22 January, or who saw people who they believe may be the offenders enter or use a vehicle in the area.

We are also interested in speaking to anyone who believes they recognise the men shown in these E-Fit images as this could assist our investigation.

No arrests have been made at this stage and anyone with any information relating to the incident is asked to call Thames Valley Police.

If you have any information relating to this case, please call 101 quoting reference '43180021974', or contact Crimestoppers anonymously on 0800 555 111.

Haha, that’s 5 minutes from my house! Moulsford is just across the river. I hope these monsters don’t come knocking on my door to steal my (currently) £35 of Ripple (now £30, £25...)

 

[Typhoon]

Haha, that’s 5 minutes from my house! Moulsford is just across the river. I hope these monsters don’t come knocking on my door to steal my (currently) £35 of Ripple (now £30, £25...)

I always knew you lived in gang territory mate

 

[Marc.]

I always knew you lived in gang territory mate :wink:

I didn’t choose this thug life, the thug life chose me

 

[mace¬]

Glad I'm invested in a dodgy German and not the FTSE. Could have lost loads of money..... oh wait.

 

[botfch]

Im genuinely dumb when it comes to some of this so there’s no snideyness behind any comments!


I see this has been written a lot, there’s a value in the technology, are we saying the differing tech between the different coins all has some sort of value?

The tech (blockchain) does have uses which can be seen in that it’s being used by some large companies for things.

There’s some major work going on in the banking industry to make use of blockchain tech.

But what I fail to see is how a tech being useful somewhere else makes a particular coin have any value? In buying the coin how does the tech used behind it give it any value as such?

Or is it a case of get the tech to a point where the current drawbacks/issues with using something like Bitcoin are ironed out and people will move to that coin giving them more ‘value’?

This, people are betting on the coins they think will become mainstream and overcome the problems.

Personnally I think most people don't actually know what it is there buying hence the crazy prices.

 

[R3k1355]

Have you read some of the white papers, or even just an overview?

Most of them are just laughable, either complete rubbish, unachievable or plain fraud.

 

[ChrisR]

This, people are betting on the coins they think will become mainstream and overcome the problems.

Personnally I think most people don't actually know what it is there buying hence the crazy prices.

I see, so they are betting that a particular coin will be the chosen one to be used by someone, somewhere, in a decent enough volume as an actual 'currency' a la bitcoin?

 

[Martin.]

Everything is getting F**KED upppppp