R
RB1992
Guest
I've recently took the plunge and made a small investment in several "cryptocurrencies" - mainly Bitcoin, Ethereum & Monero. Does anyone else have any interest in this growing market?
Kingokings204
Well-Known Member
Isn't it how like cyber hacking and ransoms are demanded they are paid?
Bumberclart
Well-Known Member
Ethereum seems to be the number one gamble for the future.
R
RB1992
Guest
LOL - Bitcoin has reach all-time high after all-time high since I initially invested, so it appears there is!
Alkhen
Well-Known Member
My brother-in-law mines bitcoins, he's been doing it for a good few years. Can't remember the specific numbers but early on he sold a around 10 bitcoins for a few hundred quid which if he had kept would have been worth around 60k.
Took me ages to get my head around it, just wish id seen the opportunity and brought some early.
Took me ages to get my head around it, just wish id seen the opportunity and brought some early.
R
RB1992
Guest
It's an interesting market at the moment. There's talk of the bubble bursting within the next few months, but then there's also talk of it exploding 100x/1000x over the next year.
Basically, no-one has a f**king clue what's going to happen. Looking forward to the ride though.
Basically, no-one has a f**king clue what's going to happen. Looking forward to the ride though.
jimmyhillsfanclub
Well-Known Member
Are you gonna sell shortly RB1992?
My mate (ex banker, ex broker & current venture capitalist told me to get on bitcoin back in July....already relatively late to the party he said.....they were around $2.5K USD.......just seen its gone through the $10K mark today!!
....I didn't feel I understood enough about it to invest...how I wish I'd taken the punt as I was initially looking at 2......so would have been about $15K up.....
Still can't get my head around whether it is the biggest bubble since the Tulips or whether its gonna keep climbing......
Alkhen
Well-Known Member
Not sure if its a bubble but its got to level out at some point. Thing that is driving the popularity is the anonymity they provide, most of the shady shit on the dark web uses bit coin. Because the benchmark 10k was reached today there have been a bunch of stressed bankers come on the radio talking about bubbles but i'm not convinced its not just sour milk. they are no longer getting the cream.
Like you I'm gutted I didn't get in early enough to make decent money
R
RB1992
Guest
I've doubled my money on my initial investment - not bad at all for 3 months! I got on Bitcoin at about $4500. I put a relatively small amount of money in knowing I could well lose it all within days or weeks. I'm just going to keep it in there for the foreseeable future and only cash if it becomes a potentially life-changing amount (one can dream!)
Like I said earlier in the post, some people think it is going to reach $100k, some people think the bubble is going to burst within weeks. Who knows!?
Like I said earlier in the post, some people think it is going to reach $100k, some people think the bubble is going to burst within weeks. Who knows!?
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edgy
Well-Known Member
Is anyone in or thinking of going in? I've recently bought a few £00's worth of Litecoin & Ethereum for a bit of a long term gamble, similar to the booming Bitcoin. Unfortunately missed out on the 130% rise on Tuesday, but I reckon there's more to come!
If any of you are thinking about starting a little investment in these crazy currencies, then use this link:
Coinbase - Buy/Sell Digital Currency
We'll both get £7 worth of Bitcoin to start off with after your first deposits.
If any of you are thinking about starting a little investment in these crazy currencies, then use this link:
Coinbase - Buy/Sell Digital Currency
We'll both get £7 worth of Bitcoin to start off with after your first deposits.
Ccfcisparks
Well-Known Member
Will all come crashing down eventually
Nick
Administrator
Have always wondered about the mining, have seen people use the stupidly powerful mining machines but never actually known how much they make.
I like the idea of trading, buying when they are low and cashing them out when they are high but not too sure I'd want to do it with too much money.
I like the idea of trading, buying when they are low and cashing them out when they are high but not too sure I'd want to do it with too much money.
edgy
Well-Known Member
Like with all trading.... it's a gamble. And with gambling, the golden rule is to never stake more than you can afford to lose. You dont have to buy whole "coins" you can buy fractions of coins. So say £100's worth.
As for it crashing down, well maybe yes. But there is a large train of thought now that 2,3 or 4 of these cryptocurrencies will become the way we actually pay for things in the future. Replacing physical money. If that does happen and you are on the right coins then you'll have profit.
As for it crashing down, well maybe yes. But there is a large train of thought now that 2,3 or 4 of these cryptocurrencies will become the way we actually pay for things in the future. Replacing physical money. If that does happen and you are on the right coins then you'll have profit.
jimmyhillsfanclub
Well-Known Member
jimmyhillsfanclub
Well-Known Member
I missed out on the bitcoin price explosion despite having a clear heads-up from my finance mate......see earlier in the thread.
However, the same bloke has recently persuaded me to take a punt on IOTA.......looks very interesting & from my limited understanding of the technology, appears to have a great chance of being THE one for a longer term punt.....
My mate has even agreed to act as my broker, so I didn't have to arse about getting BTC & buying on the exchange etc.......just sent him GBP.
So....lets see where this goes......could make me £100K in 12 months, or I could lose the lot tomorrow.....
........MUSIC !
However, the same bloke has recently persuaded me to take a punt on IOTA.......looks very interesting & from my limited understanding of the technology, appears to have a great chance of being THE one for a longer term punt.....
My mate has even agreed to act as my broker, so I didn't have to arse about getting BTC & buying on the exchange etc.......just sent him GBP.
So....lets see where this goes......could make me £100K in 12 months, or I could lose the lot tomorrow.....
........MUSIC !
edgy
Well-Known Member
IOTA is my next target, as I have heard similar things about its structure and possible future uses. Unfortunately I have to wait 15-20 days for ID authorisation on Bitfinex before I can buy any!
Liquid Gold
Well-Known Member
I started using bitcoins when they were £40 a pop.
edgy
Well-Known Member
Using........ but did you keep any? £12000+ now. ;-0
tommydazzle
Well-Known Member
My daughter's partner has constructed his own rig in my unused dining room. It's using about a kilowatt an hour but he reckons he's easily paying the electricity - (he will benefit from my solar panels in the summer). That room was always the coldest in the house but it's toasty 24/7 now. He's mining Ethereum.
jimmyhillsfanclub
Well-Known Member
ooohhhhh.....Bosch venture capital appear to share our views.....
Robert Bosch Venture Capital bets on IOTA as it invests in the future of IoT
jimmyhillsfanclub
Well-Known Member
.....and its up nearly 30% on the day.....
Nice one bosch
ompus:
Nice one bosch
ompus:
Mild-Mannered Janitor
Kindest Bloke on CCFC / Maker of CCFC Dreams
Didn't think you could sell them so noone is actually cashing out any profit at the moment and also nowhere to actually spend them.
mrtrench
Well-Known Member
It's following the typical bubble profile. The first fall has now taken place and we are in the dead cat bounce stage (a small increase for a period). Next is the big fall all the way back to where it started.
This is the graph of bitcoin versus GBP for the last year (before that it flatlined more or less for 5 years):
This picture shows the profile of a typical bubble, helpfully annotated with temperament comments. "New paradigm" - heard that recently about bitcoin?
This is the graph of bitcoin versus GBP for the last year (before that it flatlined more or less for 5 years):
This picture shows the profile of a typical bubble, helpfully annotated with temperament comments. "New paradigm" - heard that recently about bitcoin?
Houchens Head
Fairly well known member from Malvern
I'd rather stick a quid on the lottery. I wouldn't trust anything I saw on the internet!
Has anyone actually held one of these bitcoin things in their hand? Mining? What's that all about? It all sounds a bit "computer game" to me.
Has anyone actually held one of these bitcoin things in their hand? Mining? What's that all about? It all sounds a bit "computer game" to me.
jimmyhillsfanclub
Well-Known Member
Whilst I tend to agree that bitcoin specifically is in a classic bubble......joe public buying cos john public is......cryptocurrency in general has a big future......
As mentioned above.....ive invested in iota......a tangle technology that appears to have the capacity to supercede block chain.......
Im in good early adopter company with both Bosch venture capital and the Tokyo metropolitan government investing......
As mentioned above.....ive invested in iota......a tangle technology that appears to have the capacity to supercede block chain.......
Im in good early adopter company with both Bosch venture capital and the Tokyo metropolitan government investing......
mrtrench
Well-Known Member
Can you explain to me why you think so? Genuine question because I don't get it.
I understand it is useful for criminals wanting anonymity on the internet - but that's hardly a big market (I hope) - not big enough to make investors lots of money (and not the kind of thing that I would personally invest in even if it were lucrative). However it has nothing else going for it that I can see - it's not providing a service that isn't already available and it provide no income. Additionally there are risks of losing it to cyber theft or just losing ones hard drive.
Added: there is an investment I see big returns for just now - companies developing robotics. There are at least two exchange traded funds available: RBTX and RBOT. That's where I'm putting my speculative money.
Houchens Head
Fairly well known member from Malvern
I'd rather buy a "Rolex" off Arfur Daley!
dutchman
Well-Known Member
It's not as anonymous as many people think. All transactions are logged on the blockchain and can be traced. Also (unless you are a miner) the only way you can buy or sell Bitcoin is via a bank transfer to or from a Bitcoin exchange and all of these are reported by your own bank to the Inland Revenue, DWP, etc.