PLEDGEY 496 Posted February 13, 2021 Report Share Posted February 13, 2021 As above. Anyone here got any money in it?. I got money in the bank that's just sitting there earning jack shit. Crypto is doing really well. There are many different currencies but if you just take Bitcoin, the most well known, it was $10,000 a coin july 2020 and today it's up to $47,222. Last week, 8th feb, Elon Musk and Tesla made announcements of investments in to Bitcoin and will now take Bitcoin as an acceptance of payment. Today Mastercard and BNY Mellon will accept Bitcoin. Seems it's the way to go. 1 Quote Link to post Share on other sites
chartpolski 23,445 Posted February 13, 2021 Report Share Posted February 13, 2021 I can't see the worlds banking system allowing a "currency" they can't control become, or even overtake "normal money" . I can see another "south sea bubble" ! Cheers. 2 2 Quote Link to post Share on other sites
kanny 20,522 Posted February 13, 2021 Report Share Posted February 13, 2021 Not dabbled myself but everyone I know who does seems to become totally obsessed with it and spends their every waking hour looking after it . They seem to like to rattle figures about but I never see them get anything actually tangible out of it. I don't particularly have a great understanding of it all tbh but the old saying "if something seems to good to be true..." comes to mind 7 Quote Link to post Share on other sites
tinytiger 828 Posted February 13, 2021 Report Share Posted February 13, 2021 2 hours ago, chartpolski said: I can't see the worlds banking system allowing a "currency" they can't control become, or even overtake "normal money" . I can see another "south sea bubble" ! Cheers. One of the main promoters of bitcoin is a lady called Bettina Warburg (same name as the sister of the guy who thought up the U.S Federal Reserve)_ for that reason alone I wouldn't trust it one bit. I think the Euro will fail sooner rather than later - and these cryptos will be the only option left ( accidentally on purpose). All a further move towards a cashless society/nanny state. 1 Quote Link to post Share on other sites
chartpolski 23,445 Posted February 13, 2021 Report Share Posted February 13, 2021 18 minutes ago, maxhardcore said: When Bitcoin first started around 2009-10 they were around a £1 each or maybe a tad less. Plenty Will if bought £100 quids worth for the craic and now sitting pretty on 4 million quid They didn't cost anything. It was basically a computer game where you solved problems to be able to "mine" bitcoin, then people started selling and trading what they "mined" Cheers. 2 Quote Link to post Share on other sites
South hams hunter 8,921 Posted February 13, 2021 Report Share Posted February 13, 2021 12 minutes ago, chartpolski said: They didn't cost anything. It was basically a computer game where you solved problems to be able to "mine" bitcoin, then people started selling and trading what they "mined" Cheers. and then it became an untraceable dark web currency Quote Link to post Share on other sites
chartpolski 23,445 Posted February 13, 2021 Report Share Posted February 13, 2021 13 minutes ago, tinytiger said: One of the main promoters of bitcoin is a lady called Bettina Warburg (same name as the sister of the guy who thought up the U.S Federal Reserve)_ for that reason alone I wouldn't trust it one bit. I think the Euro will fail sooner rather than later - and these cryptos will be the only option left ( accidentally on purpose). All a further move towards a cashless society/nanny state. I know bitcoin can be traded on FOREX, but to be honest, I get a headache trying to work it out ! You have to buy a "hard currency" with your bitcoin, then you can trade your usd for yen or whatever, then when you cash out, your usd may have gained on the yen, but the bitcoin may have surged ahead, but you get paid out on your origional bitcoin rate, so you lose out ? I'll stick to gold ! ! Cheers. 5 1 Quote Link to post Share on other sites
terryd 8,409 Posted February 13, 2021 Report Share Posted February 13, 2021 On cex you can trade btc for gbp and cash out. Now it is through the roof is not the time to buy obviously. The gains can be quite some thing when it goes up over a grand in a day or down. My £55 don't know if its coming or going lol. Like a lot when my mate suggested we buy some when it was about 40 quid I really wish I had Bitcoin Exchange, Trading BTC USD, BTC EUR - CEX.IO CEX.IO Buy and sell Bitcoins for USD or EUR with payment cards or via bank transfers easily. Get into Bitcoin Trading on the worldwide Bitcoin Exchange. you Quote Link to post Share on other sites
chartpolski 23,445 Posted February 13, 2021 Report Share Posted February 13, 2021 23 minutes ago, maxhardcore said: When they first went on sale around a quid . Nope, when they were first offered for sale they were less than 10 US cents. Cheers. Quote Link to post Share on other sites
chartpolski 23,445 Posted February 13, 2021 Report Share Posted February 13, 2021 2 minutes ago, maxhardcore said: There you go then even cheaper . Something like 80-90% of the original Bitcoin have been mined in 10 years or so but they reckon the remaining will take something like 100 years to mine ? Why I don’t know ? Probably cost ? I don't really understand it, Max. How something that was a prize on a computer game can become worth almost $50,000 dollars is way beyond my ken ! Maybe I can sell my battle tiger or sword of Azamov I got on online Dungeons & Dragons for one Chartcoin, and become a billionaire? I still think it will end in tears ! Cheers. 1 1 Quote Link to post Share on other sites
terryd 8,409 Posted February 13, 2021 Report Share Posted February 13, 2021 I think its the difficulty level the more miners the harder it gets. I have mined other coins that are worth sod all adn when they first come come out it is pretty easy and the more people get mining the hard it gets. So with bitcoin unless have a vast amount of hardware and leccy to throw at it your wasting your time mining 1 Quote Link to post Share on other sites
kanny 20,522 Posted February 13, 2021 Report Share Posted February 13, 2021 Sounds like pokèmon GO for adults 1 Quote Link to post Share on other sites
Blackmag 6,065 Posted February 13, 2021 Report Share Posted February 13, 2021 Bricks and mortar is the way to go 5 Quote Link to post Share on other sites
lurcherman 887 13,096 Posted February 14, 2021 Report Share Posted February 14, 2021 Get binance and buy some etherum, polkadots and Ada cardano. Quote Link to post Share on other sites
terryd 8,409 Posted February 14, 2021 Report Share Posted February 14, 2021 Christ sounds like my friday night order back in the day 2 Quote Link to post Share on other sites
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