Bitcoins (and other crypto currencies)

[Mavez]

Anyone know of a good estate agent and Lamborghini dealership in Switzerland?

 

[coolspot007007]

Make that up £3k in a month, sorry Rich.

 

[The Psychedelic Socialist]

Make that up £3k in a month, sorry Rich.

Big oof. Doesn't like I'll be buying back in any time soon...

(I still have about £600 in there though so I've not completely missed the boat)

 

[coolspot007007]

Let's see if it's sustained, might be more chances to buy the dip yet to come.

 

[rctempire]

How did we do today? Was a fun wee ride.

 

[.Simon]

Seems to be gaining today, massively!

I purchased £500 worth early last week and was worried I was bit late to the party ... seems not!

 

[CadwellCab]

So glad I purchased this random ‘bitcoin’ back in 2017

 

[MarcB]

So glad I purchased this random ‘bitcoin’ back in 2017

Forgive me for being stupid but I have no idea how bit coin or anything else works but all I know is 5 old work mates jumped into this a couple of years ago and lost a lot of money, One guy got a couple of guys , the couple of guys got some more guys and the guy that started it said he was getting £100s but it never happened and they lost the lot.

They where paying money to some guy who was trading it for them I believe.

Are you trying to tell me with your one bit coin you have £31k sitting there that's yours and no one can take any of it away from you ?

 

[CadwellCab]

Forgive me for being stupid but I have no idea how bit coin or anything else works but all I know is 5 old work mates jumped into this a couple of years ago and lost a lot of money, One guy got a couple of guys , the couple of guys got some more guys and the guy that started it said he was getting £100s but it never happened and they lost the lot.

They where paying money to some guy who was trading it for them I believe.

Are you trying to tell me with your one bit coin you have £31k sitting there that's yours and no one can take any of it away from you ?

View attachment 1512461

Correct. Trading bitcoin is like trading anything, and is very easy to lose money. I’ve never technically been down on my official investment but I have owned bitcoin which has been significantly less valuable than it was in other times of my ownership.
I own it, it can’t be touched, I could sell now for $31k or I could hold onto it for it to increase/decrease in value. I don’t know what will happen but am willing to take the risk to find out.

 

[MarcB]

Correct. Trading bitcoin is like trading anything, and is very easy to lose money. I’ve never technically been down on my official investment but I have owned bitcoin which has been significantly less valuable than it was in other times of my ownership.
I own it, it can’t be touched, I could sell now for $31k or I could hold onto it for it to increase/decrease in value. I don’t know what will happen but am willing to take the risk to find out.

Crazy, I know if I had a so called £31k GBP sitting in fresh air I would be wanting the money.

Its one thing having it as a bitcoin but its another thing walking into the Clydesdale bank and seeing £31k that you could withdraw there and then.

I would love to invest into it but ever story and everything I have heard or people I personally know have lost £100s through other companies and pyramid schemes

 

[CadwellCab]

Crazy, I know if I had a so called £31k GBP sitting in fresh air I would be wanting the money.

Its one thing having it as a bitcoin but its another thing walking into the Clydesdale bank and seeing £31k that you could withdraw there and then.

I would love to invest into it but ever story and everything I have heard or people I personally know have lost £100s through other companies and pyramid schemes

I invested on the basis that in the future bitcoin would be worth what gold is today, that may or may not happen I don’t know. Of course £31k would be nice but it won’t change my life at all, I also invested in the hope that I could make a life changing amount if the future of bitcoin was as promising as everybody was saying so we will see. It takes less than 5 minutes to reduce it into my bank account, there’s no issue there.
Unfortunately you’ve met people who’ve trusted uneducated people to trade it for them, that is bad news. The golden rule I was taught when I bought was to keep hold of it, I’ve done exactly that and haven’t lost a penny.

 

[coolspot007007]

Flying now, am nearing £17k. I was pessimistic it was going to pick up so much this late in the year, but I'll take it.

That's £5k in under a month 😲

 

[Inequality Street]

I invested on the basis that in the future bitcoin would be worth what gold is today, that may or may not happen I don’t know. Of course £31k would be nice but it won’t change my life at all, I also invested in the hope that I could make a life changing amount if the future of bitcoin was as promising as everybody was saying so we will see. It takes less than 5 minutes to reduce it into my bank account, there’s no issue there.
Unfortunately you’ve met people who’ve trusted uneducated people to trade it for them, that is bad news. The golden rule I was taught when I bought was to keep hold of it, I’ve done exactly that and haven’t lost a penny.

how much did you initially invest?

 

[CadwellCab]

how much did you initially invest?

£6500 on bitcoin and another £1-2000 on ‘altcoins’

 

[Mavez]

 

[gez 172]

Has anyone got a share in Bitcoin ETP? On T212?
Not sure if it’s worth getting some before it becomes closed to new positions on the 6th?

 

[roberto.]

I've been buying small amounts of Ethereum, nothing that will make me decent money but just enough to get a feel for the fluctuations.

It's up 150% in the past six months. Anyone else got money in it?

 

[CadwellCab]

I've been buying small amounts of Ethereum, nothing that will make me decent money but just enough to get a feel for the fluctuations.

It's up 150% in the past six months. Anyone else got money in it?

Yeah I’ve got 2 Ethereum, did have 4 but sold 2 for £2k profit back in 2017 and put the money into an Altcoin called Tron.
Managed to buy my first ETH for €179 😂 crazy, should’ve bought more!

 

[AdDaMan]

Ive got a s**t load of Tron too. Changed from Ethereum. Think it will ever rise?

 

[CadwellCab]

Ive got a s**t load of Tron too. Changed from Ethereum. Think it will ever rise?

I hope so, got 28,000 of the f*****s 😂 I stupidly bought them when they were at their ATH. The owner guy, Justin seems pretty switched on in regards to the vision he has for Tron so I think it will rise somewhat, how far I’m not sure.
Although at the moment I wish I’d kept the Ethereum. I’ve staked all of mine on Binance for 30 days, gives me an extra 650 TRX for doing nothing which I thought was decent.

 

[rctempire]

I took some profit from the ATH. Sadly down to my last full btc. But I would hold off buying any crypto until it drops. I think this drop will be huge and Im thinking 15k will be the target area.

 

[Oggy997]

I hope those pizzas back in 2010 were worth it!

 

[rctempire]

I hope those pizzas back in 2010 were worth it!

Hindsight. Yes but back then btc was worthless almost.
Imagine being the pizza shop owner now! Could be minted.

 

[Gally]

I’m guessing it wasn’t just BFF that crashed?

 

[CadwellCab]

I took some profit from the ATH. Sadly down to my last full btc. But I would hold off buying any crypto until it drops. I think this drop will be huge and Im thinking 15k will be the target area.

I don’t think this huge drop everybody is predicting will actually happen, why would it? Because it happened once under very different circumstances? No chance

 

[rctempire]

I don’t think this huge drop everybody is predicting will actually happen, why would it? Because it happened once under very different circumstances? No chance

Just my own views but just the ATH never last and drop. Btc was sitting pretty at 15k for ages and I have a feeling it will drop to that stage again.

Either way I cashed some out and will buy when it drops again.

 

[Philip.]

Seeing some nice returns on my Eth now

A friend is about to take all of his Bitcoin out and buy a car. He's made crazy money from it.

 

[CadwellCab]

10K ETH would be lavelyyyyyyy

 

[Philip.]

10K ETH would be lavelyyyyyyy

Only a matter of when! Woohoo!

 

[coolspot007007]

What's everyone's thoughts on regulation coming for Bitcoin? I think the institutional backing has given it way more credibility, but still worried any heavy handed regulation could tank the price. Or is there too much money from funds involved now for them to "allow" governments to step in?

Plus there's so many countries sorting out their own digital currencies right now, will (can?) central banks force Bitcoin off the top spot?

 

[Philip.]

What's everyone's thoughts on regulation coming for Bitcoin? I think the institutional backing has given it way more credibility, but still worried any heavy handed regulation could tank the price. Or is there too much money from funds involved now for them to "allow" governments to step in?

Plus there's so many countries sorting out their own digital currencies right now, will (can?) central banks force Bitcoin off the top spot?

Think there's too much coming in now for them to let it slide.

Be interesting to see what happens with any countries own digital currency though.

 

[coolspot007007]

We'll it's still flying today, looks like maybe some resistance at $38k.

 

[Philip.]

We'll it's still flying today, looks like maybe some resistance at $38k.

Broken through now and on its way to $39k!

 

[coolspot007007]

£25k was always my do I take some profit point, if it carries on like this that's only a couple of days away. Decisions, decisions.


Or do we stick with Mel?

 

[CadwellCab]

£25k was always my do I take some profit point, if it carries on like this that's only a couple of days away. Decisions, decisions.


Or do we stick with Mel?

View attachment 1514400

HOLDDDDD!

 

[CadwellCab]

What’s everybody’s plan for the future? Where and when do we reach the top?
Will $50k be enough of a milestone to cause a dip due to people selling off? It’s definitely a target point for me to offload a chunk which got me thinking.

 

[coolspot007007]

Well must have been a decent sell wall at $40k, I'd expect a monster one at 50k, it's an important number I think. I'd be considering a decent cash out near there definitely.

 

[Pistachio]

Is coinbase down for everyone?

 

[rctempire]

I took profit. If you don't your daft. It's getting greedy if you hold that.

PS coinbase will forward you to hmrc if you cash out!
I have warned you.

All crypto in the UK is taxable.

 

[CadwellCab]

I took profit. If you don't your daft. It's getting greedy if you hold that.

PS coinbase will forward you to hmrc if you cash out!
I have warned you.

All crypto in the UK is taxable.

How do you know this?