mackem 27,389 Posted January 2, 2018 Report Share Posted January 2, 2018 There might be something in bitcoin actually,i fancied a flutter and bought .137'th of a coin this morning,watched it rise steadily,just cashed it in 1 2 Quote Link to post Share on other sites
BGD 6,436 Posted January 2, 2018 Report Share Posted January 2, 2018 As with most things it's the early adopters who have made the big money, folk jumping on now won't see anywhere near the kind of gains that folk who bought in a while ago have made. TBH I think now is a bad time to get into it but there's still decent money to made on altcoins if you do your research. 1 Quote Link to post Share on other sites
Meece 1,958 Posted January 2, 2018 Report Share Posted January 2, 2018 This situation is the same as any other. Those with a bit more money, Intelligence, education and nerve Will get ahead of the general footsloggers. E.g. the bitcoin miners. Quote Link to post Share on other sites
mick1212 389 Posted January 3, 2018 Report Share Posted January 3, 2018 There’s a few quid to be made in it look at ripple coin if you’d of bought 1k worth January 1 2017 you’d have 550k today am up on my coins not cashing them either recon it will go a lot higher this year with more people getting in to it only invest what you can afford to lose Quote Link to post Share on other sites
hollands hope 1,024 Posted January 3, 2018 Report Share Posted January 3, 2018 8 hours ago, mick1212 said: There’s a few quid to be made in it look at ripple coin if you’d of bought 1k worth January 1 2017 you’d have 550k today am up on my coins not cashing them either recon it will go a lot higher this year with more people getting in to it only invest what you can afford to lose When all this crypto currency bollocks comes to an end i will foresee a rise in the value of ordinary rope , maybe we all should invest in rope! Quote Link to post Share on other sites
mushroom 13,226 Posted January 3, 2018 Report Share Posted January 3, 2018 I made a tidy sum and one of my colleagues made over 200k in a month. You can get an account which allows you to take so much onto a card to use in shops etc. I just invested then drew it out when I was happy with my return. My colleague is still in and now has lost some of his theoretical profit. Until you cash it out, you ain't got shit. Same with any investment Quote Link to post Share on other sites
mick1212 389 Posted January 3, 2018 Report Share Posted January 3, 2018 47 minutes ago, hollands hope said: When all this crypto currency bollocks comes to an end i will foresee a rise in the value of ordinary rope , maybe we all should invest in rope! What happens if it doesn’t end you’re ordinary rope will be just that Quote Link to post Share on other sites
mick1212 389 Posted January 3, 2018 Report Share Posted January 3, 2018 31 minutes ago, mushroom said: I made a tidy sum and one of my colleagues made over 200k in a month. You can get an account which allows you to take so much onto a card to use in shops etc. I just invested then drew it out when I was happy with my return. My colleague is still in and now has lost some of his theoretical profit. Until you cash it out, you ain't got shit. Same with any investment You can cash out at any minute of any day straight into you’re bank Quote Link to post Share on other sites
mushroom 13,226 Posted January 3, 2018 Report Share Posted January 3, 2018 Just now, mick1212 said: You can cash out at any minute of any day straight into you’re bank Yep. You can also get an account that allows you to transfer bit coins to a card, to spend like regular cash Quote Link to post Share on other sites
Born Hunter 17,798 Posted January 3, 2018 Report Share Posted January 3, 2018 Bitcoin is essentially no different to any other currency. It’s value as a currency only exists because people are willing to trade with it. Same as dollars and sterling. A growing market size caused the value to increase, same as any other currency. Investors have cottoned on to this and have been buying bitcoins as though it were a commodity. This happens with currencies all the time. The difference here is that economists believe that the value of bitcoin is dominantly driven by investors buying it as a commodity rather than people trading with it as a currency. So it’s believed the great appreciation seen is dominantly being driven by investors, which is a bubble, it’s false value. I think it’s fascinating, a completely freely evolved currency. It scares a lot of people but it’s really little different from any other currency, it’s value free floating but critically not controlled by government. The really interesting thing is how much value has been falsely added by investors and how much of its value is genuinely backed by its market as a tradeable currency. From an investment perspective you really have to ask this question. It’s that potentially growing currency market and the finite number of bitcoins that will drive future appreciation in value which is attractive to investors who look to treat it as a commodity. 1 Quote Link to post Share on other sites
mick1212 389 Posted January 3, 2018 Report Share Posted January 3, 2018 Just now, mushroom said: Yep. You can also get an account that allows you to transfer bit coins to a card, to spend like regular cash What coins that mushroom only one I know that does that is token pay it’s still an ico not on live markets yet Quote Link to post Share on other sites
mick1212 389 Posted January 3, 2018 Report Share Posted January 3, 2018 18 hours ago, mackem said: There might be something in bitcoin actually,i fancied a flutter and bought .137'th of a coin this morning,watched it rise steadily,just cashed it in Get that over to China get a few s9 you be refilling that bag every month Quote Link to post Share on other sites
mackem 27,389 Posted January 3, 2018 Report Share Posted January 3, 2018 12 minutes ago, mick1212 said: Get that over to China get a few s9 you be refilling that bag every month Whats s9 mate,i actually have a Chinese bank account and cash over there Quote Link to post Share on other sites
mick1212 389 Posted January 3, 2018 Report Share Posted January 3, 2018 33 minutes ago, mackem said: Whats s9 mate,i actually have a Chinese bank account and cash over there Antminer S9 by bitmain better than growing either get them home double you’re money or mine with them can’t lose Quote Link to post Share on other sites
mackem 27,389 Posted January 3, 2018 Report Share Posted January 3, 2018 14 minutes ago, mick1212 said: Antminer S9 by bitmain better than growing either get them home double you’re money or mine with them can’t lose I shall look into it Quote Link to post Share on other sites
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