In the Ferrari and Jagwarr switching four lanes.
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Bitcoins (and other crypto currencies)
- Thread starter Addicted
- Start date
In the Ferrari and Jagwarr switching four lanes.
Sir_Dave
ClioSport Trader
The fact that Dogecoin is even a thing is just lol.
Question,
My brothers mate (who I know) said he put a 'couple of hundred' into Ripple, reckoned the other day it's now worth £5.5k. Is he chatting s**t ?
He's also saying it's un-trackable (something like that) but he put his details in to sign up
If he bought in December yep, it went up around 1000% iirc in December.
R3k1355
ClioSport Club Member
Question,
My brothers mate (who I know) said he put a 'couple of hundred' into Ripple, reckoned the other day it's now worth £5.5k. Is he chatting s**t ?
He's also saying it's un-trackable (something like that) but he put his details in to sign up
What happens when all these people who've made tons of money want to pull their money out of crypto?
BMW M4; S1000 RR
Then they pull it out
Herr Flick
aka Herman Ze German
There's a few apps. See a few posts above.
You'll just have to keep trying to register as a lot aren't letting newbies sign up.
You also for ease need to buy some BTC to transfer to their wallets to buy the other coins.
Yeah lol, what else?
Hopefully declaring it as capital gains, because if not RIP. I'm sure everyone depositing FIAT into coinbase is just flagging people ready for when the tax years end.
Hopefully declaring it as capital gains, because if not RIP. I'm sure everyone depositing FIAT into coinbase is just flagging people ready for when the tax years end.
Is it easier if I just trust some random stranger off the internet and transfer him £500 and see what he makes in the next 6 months?
BMW M4; S1000 RR
Of course.
Herr Flick
aka Herman Ze German
Yes it's easier. What do you want to gamble on?
You.
If you are making money then carry on with what you are doing and lump mine on.
The Psychedelic Socialist
ClioSport Club Member
Ah, you mean a collateralised-herr-flick-security?
I think Coinbase are adding those next month.
Herr Flick
aka Herman Ze German
Lol.
You want me to just put your money on whatever i've got money on?
You want me to just put your money on whatever i've got money on?
The Psychedelic Socialist
ClioSport Club Member
Basically a hedge fund.
Herr Flick
aka Herman Ze German
Yeh, I have no problem doing it, just don't want an army of penguins at my door if it goes tits up.
PM'd.
I trust you to do your best.
R3k1355
ClioSport Club Member
Marc.
ClioSport Club Member
Moneygram have announced their partnership with Ripple today, which has started to recover the price. Apparently there are two more major money transfer organisations on board as well - no announcement as of yet though.
I was twitching over the last couple of days that it had peaked and the XRP bubble had burst...now I wish I’d bought more!
I was twitching over the last couple of days that it had peaked and the XRP bubble had burst...now I wish I’d bought more!
Herr Flick
aka Herman Ze German
Herr Flick
aka Herman Ze German
Went up to $2.15 about 10 minutes ago and back down to $2.10 right now.
Marc.
ClioSport Club Member
Yeah trial is a better word for it I guess. Hopefully it’ll bring the price up enough to make a tidy profit, that’s all I’m interested in
Herr Flick
aka Herman Ze German
Yeh. It really depends on how all the sheep view it.
Hopefully everyone will read it tonight and jump on it and then I can sell tomorrow morning.
welshname
ClioSport Club Member
At what point would you sell though.
I would have gone for longer than that as it needs a few more banks in first before it makes its money.
I think if it can hit $5 over the next few months I'll be happy.
What I really want is FUN to sort itself out!
Herr Flick
aka Herman Ze German
Yeh FUN is pissing me off at the moment. Just static. Needs more exposure.
If it jumps up a lot tonight (doesn't look likely) then I would probably sell but as it's a gamble, no one knows. It could quite easily double in value in the next few days but again it just depends on how many people join the band wagon. If people just read the headlines and not the full story, it could quite easily happen.
If it jumps up a lot tonight (doesn't look likely) then I would probably sell but as it's a gamble, no one knows. It could quite easily double in value in the next few days but again it just depends on how many people join the band wagon. If people just read the headlines and not the full story, it could quite easily happen.
Xrp has a market cap of $74.55 billion at the moment so it’s going to go to over 3.7 trillion this year? lol when the highest bitcoin has been is 326B.
welshname
ClioSport Club Member
Why do you believe that to be impossible?
It's impossible for a made up coin, with no asset value behind it to be worth more than the original made up coin that also has no value behind it?
It'll go wherever the market takes it, you can't be rational with crypto currency. It's entirely made up (aside from the way it's produced, but in terms of its monetary value). If everyone catches onto this coin it'll sky rocket, it's market cap means f**k all.
My mate at work was touching £3m last weekend. This week he's lost over£500k with all the selling everywhere. Absolutely bat s**t mental. All from a £25k bank loan too!!!!
Question,
My brothers mate (who I know) said he put a 'couple of hundred' into Ripple, reckoned the other day it's now worth £5.5k. Is he chatting s**t ?
He's also saying it's un-trackable (something like that) but he put his details in to sign up
Another from my office bought £200 worth or Ripple when it was £0.0045 per coin. It's now £1.50......
That's £67,000 from £200!
Why doesn’t he try and get out then?! I’d say 2.5mil is enough?
welshname
ClioSport Club Member
I noticed something on coinbase mentioning about needing to check on your tax for "earnings" through coinbase.
Surely this is just the same as gambling and therefore not taxable due to being able to reclaim losses etc.
Surely this is just the same as gambling and therefore not taxable due to being able to reclaim losses etc.
The Psychedelic Socialist
ClioSport Club Member
IIRC it's not seen as gambling winning and would instead fall under capital gains, i.e. you have bought an asset at a certain value and then sold it at a different value. No different to trading in stocks / shares in respect of the tax treatment.
It's not locked in yet haha. could all go to zero next week for all we know.
He's holding out for a couple more million then he's going to move to Asia.
He put £25k into Ethereum this time last year, and only in the last month or so did he sell out the majority of it, to invest £250,000 into FUNFAIR when it was 2cents. That's now 13cents, so that's what has also made a massive proportion of his pot for him.
R3k1355
ClioSport Club Member
Tax authorities of various countries are looking to crack down hard on crypto money, mainly because some people are making a killing and then paying bob-all tax.
Right now it seems easier to trade one coin for another, than go straight to currency.
but he could probably trade everything back to Bitcoin then cash that in?
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