Bitcoins (and other crypto currencies)

[MonkeyKnifeFight]

Just stumbled across SCS (SpeedCash) less than 500,000 volume. Looks like the Airdrop and recent activity has set a ball rolling. Some simple maths shows this coin could be worth alot.

Worth a squirt or take the free coins being offered in the airdrop.

 

[Stay Puft]

Is XRP ever going to recover?

 

[R3k1355]

Is XRP ever going to recover?

Is anything going to recover?

 

[rctempire]

All will recover. However dump xrp at the next pump. Apparently some news on the 31st for testnet but I don't see it holding up

 

[GiT]

What the hell are you all on about?

Xmas Chococoins worth owt?

 

[MonkeyKnifeFight]

Just stumbled across SCS (SpeedCash)

Put £100 on this at the start of the week and its currently worth £275

 

[Stay Puft]

I'm given up and trying to withdraw my remaining £91, and coinbase is s**t. Just tells me to add a add, even though I have two cards assigned to my account. Anyone know what to do? Coinbase have ignored my email.

Failing that, does anyone want £91 worth of whatever currency for £80 or so?

 

[Ex-User (19928)]

Just tells me to add a add

?

When I first withdrew from coinbase I had to use revolut to add money in Euros so I could then withdraw in euros. Looks like you can do sterling now but I imagine it's the same deal where you need to add money before it verifies your account.

 

[Stay Puft]

?

When I first withdrew from coinbase I had to use revolut to add money in Euros so I could then withdraw in euros. Looks like you can do sterling now but I imagine it's the same deal where you need to add money before it verifies your account.

Sorry, tells me to add a card. I added money when I initially deposited though??

 

[Ex-User (19928)]

Sorry, tells me to add a card. I added money when I initially deposited though??

I originally added money via card too. But you can't withdraw to a card, needs to be to a bank account. And last time I checked the only way to add a bank account is by depositing from a bank account to coinbase

 

[mace¬]

I'm given up and trying to withdraw my remaining £91, and coinbase is s**t. Just tells me to add a add, even though I have two cards assigned to my account. Anyone know what to do? Coinbase have ignored my email.

Failing that, does anyone want £91 worth of whatever currency for £80 or so?

Worst I invested in crptocurrency and still got money left post ever.

 

[R3k1355]

I'm given up and trying to withdraw my remaining £91, and coinbase is s**t. Just tells me to add a add, even though I have two cards assigned to my account. Anyone know what to do? Coinbase have ignored my email.

Failing that, does anyone want £91 worth of whatever currency for £80 or so?

Convert it all to bitcoin and spend it on the dark web or something?

 

[Stay Puft]

Worst I invested in crptocurrency and still got money left post ever.

Haha, wish i didnt do it! £300 to £91!

Convert it all to bitcoin and spend it on the dark web or something?

Dont need/want anything, just want the cash.

@Jeff simply yeah I read about that, but then you seem to get loads of fees ontop! Nightmare

 

[Ex-User (19928)]

Haha, wish i didnt do it! £300 to £91!



Dont need/want anything, just want the cash.

@Jeff simply yeah I read about that, but then you seem to get loads of fees ontop! Nightmare

Just the fees for doing transfer, not that bad/unreasonable.

 

[Ex-User (60778)]

Omisego and Electrify Asia are back finally :up:

 

[197.]

Omisego and Electrify Asia are back finally :up:

Have you seen the volume for Omisego for the last 24 hours? It's crazy! Was looking at getting a new phone however couldn't help but think how many tokens I could get instead 😂

 

[Ex-User (60778)]

Have you seen the volume for Omisego for the last 24 hours? It's crazy! Was looking at getting a new phone however couldn't help but think how many tokens I could get instead 😂

Yes! Volume just exploded last night. It went up to $18 on upbit

 

[MonkeyKnifeFight]

Don't panic we'll all have lambo's after April 17th! Best get picking a colour.

 

[Stay Puft]

Just cost me £9.50 to deposit 1euro!

 

[Stay Puft]

Just the fees for doing transfer, not that bad/unreasonable.

 

[Ex-User (19928)]

Well yeah, that's like going to a cash machine in a night club and coming up with a title for your blog that says "Oceana charged me a 50% cash machine fee" (because you had to pay £2.95 to withdraw a fiver)

 

[Stay Puft]

It's 10x my deposit!!

 

[Ex-User (19928)]

It's 10x my deposit!!

It wouldn't have been if you'd transferred a grand though

 

[197.]

Ease of use vs cost I guess.

 

[alistairolsen]

Everything seems to be on the rise again

 

[R3k1355]

Everything seems to be on the rise again

Right until it bounces back to Febuary-ish prices, then everyone that has been holding onto them since the new year will dump everything onto the market and f**k-off.

 

[Stefan.]

So has everyone lost money on this... Still baffled people jumped on this scam in my eyes

 

[Ex-User (60778)]

So has everyone lost money on this... Still baffled people jumped on this scam in my eyes

It’s not a scam however some are. I’m still up even after the past few months

 

[Stefan.]

It’s not a scam however some are. I’m still up even after the past few months

Fair enough, just proper iffy in my opinion.

 

[botfch]

It’s not a scam but generally if people on a car forum are talking about it, it’s probably time to sell.

 

[The Psychedelic Socialist]

Fair enough, just proper iffy in my opinion.

It's iffy because large numbers of people are sinking money into it thinking it's like investing in traditional stocks and shares, i.e. that they might make a packet, but worst case they'll lose a little bit of money if the 'share price' drops. Problem is, the price could go to zero and people aren't prepared for that.

Bitcoin's not an investment, it's an asset, albeit a digital one. Think of it like a gift card and each Bitcoin is worth 1. The problem is that we don't know what website the gift card is for, or what 1 bitcoin is actually worth, so everyone speculates wildly and a market evolves.

 

[Ex-User (19928)]

Not really any different to stocks (in that you can lose all your money but there's not really anything more volatile than crypto at the moment), but people don't tend to read a Facebook article or car forum post and decide to open a trading account.

 

[The Psychedelic Socialist]

Not really any different to stocks (in that you can lose all your money but there's not really anything more volatile than crypto at the moment), but people don't tend to read a Facebook article or car forum post and decide to open a trading account.

The difference is though that it's a lot harder to lose your money with stocks.

If I'm buying a stock, I can look at the company's P&L reports and their balance sheet. If they have significant assets on hand (e.g. if you're buying Apple shares), then you can be confident that there's something supporting a non-zero valuation. With Bitcoin, there's nothing tangible that underpins its value.

 

[R3k1355]

It's far worse than that though.
People were putting large amounts of money in without bothering to do any research and ignoring quite obvious warning signs.

There's plenty of stories of dodgy companies doing an ICO and later going bankrupt, they manage to con large amounts of money from people in the process too.
Like this one that took in $32m, another one that will collapse soon is the obvious crap touted by Paris Hilton last year.

 

[197.]

So has everyone lost money on this... Still baffled people jumped on this scam in my eyes

About £400 up which isn't bad. However I imagine a lot of people lost a good chunk of money after blindly "investing".

 

[McGherkin]

There's plenty of stories of dodgy companies doing an ICO and later going bankrupt, they manage to con large amounts of money from people in the process too.

Bitcoins were (and still are) legitimate, but they're incredibly high risk. I did come close to investing but I had a gut feeling that I'd missed the boat and it was too late. Turned out I was right and it crashed.

For me the biggest hurdle is getting your money back out of it.

 

[R3k1355]

Pfft, that was just a movie.

Two men have been arrested on suspicion of spinning a "web of lies" to sell unregistered crypto investments.
The US Securities and Exchange Commission has alleged that Sohrab "Sam" Sharma and Robert Farkas, who co-founded "financial services startup" Centra Tech, made "ill-gotten" gains of $32m.
The SEC said that the claims the pair made in their advertising were "simply false".

The duo were yesterday charged with orchestrating a fraudulent ICO, in breach of anti-fraud and registration provisions of federal securities laws.

 

[MonkeyKnifeFight]

$32 million.. yea not bad but not quite as good as the BitConnect scam they got away with $2.6 billion

 

[Ex-User (60778)]

How’s everyone doing? Haply I got into Electrify Asia early

 

[197.]

How’s everyone doing? Haply I got into Electrify Asia early

Good gains for Electrify! There's also going to be an airdrop where OMG token holders who will get Electrify tokens in addition to the OMG/Cosmos tokens. Really looking forward the summer due to the recent news from Jun.