BitCoin etc

[Magic]

Ok, so clearly I (we) have missed the boat on the early investments. HOWEVER it appears this shit is only going to get bigger and better.

Anyone invested so far or thinking about it?

[mugbull]

Ethereum's where it's at now mate, although you missed the boat on that one by a few months too

[Magic]

Can anyone let me know about anything I can invest in that hasn't risen by at least 4,000% since the turn of the year?

[Kikó]

It's going to be interesting to see how this will be regulated and controlled. We will see if it replaces the current currency or compliments it.

[Boydy]

Your marriage.

[Magic]

Can anyone let me know about anything I can invest in that hasn't risen by at least 4,000% since the turn of the year?

That will rise to 4000% by the end of the year and not plummet in to oblivion.

Just in case that wasn't initially clear.

@Boydy (http://www.thethirdhalf.co.uk/member.php?u=31)

[Lewis]

I reckon it will always be a bit of a fringe interest. There will presumably be a few nutters who live by it, but most of its use will forever be confined to dweebs ordering drugs and pizza (at the same time).

[Yevrah]

What can one actually use Bitcoins for?

[mugbull]

It's going to be interesting to see how this will be regulated and controlled. We will see if it replaces the current currency or compliments it.


I reckon it will always be a bit of a fringe interest. There will presumably be a few nutters who live by it, but most of its use will forever be confined to dweebs ordering drugs and pizza (at the same time).

Yeah it might well be, which is why Ethereum is such a cool development. The blockchain is really wonderful technology, and even if Bitcoin won't ever replace traditional fiat currency there are other use cases of the algorithms it was built on top of that might become very impactful

[Offshore Toon]

Me and my mates lost £460 worth of Bitcoin due to AlphaBay getting shut down by THE FEDS. I am interested in this pizza ordering, though, assuming it doesn't run the same risks.

[Giggles]

I don't understand any of it and am very happy not knowing. Never was a gambler.

[Raoul Duke]

My mate has gone in on BitCoin, LiteCoin and Ethereum (the latter two before they picked up), but overall I think he's profit neutral as it fluctuates so wildly.

I can't claim to entirely understand it, but blockchain has some interesting applications beyond buying MDMA

[Kikó]

Block chain should allow same day settlement from a financial perspective. It will also allow who needs to know, the chain the money has gone through (so if someone steals your currency, the log shows it).

The really interesting thing coming up is PDS2 which should allow for open banking. Basically, third parties can access your private data with your permission. This could mean you have one app that allows you to see across the different places you have money, see your credit score, apply for mortgages with a complete picture etc. It's interesting for me at least.

[Offshore Toon]

My mate has gone in on BitCoin, LiteCoin and Ethereum (the latter two before they picked up), but overall I think he's profit neutral as it fluctuates so wildly.

I can't claim to entirely understand it, but blockchain has some interesting applications beyond buying MDMA
MDMA is for children.

[Lofty]

Bitcoin was invented for anonymous transactions without fees. Now they're on about implementing fees, the price is jacked by large scale mining operations and poor speculators circle jerking over the future profits.

[mugbull]

Fees were always built into the tech, and it was always predicted that fees would eventually become the main source of monetary gain for BitCoin active users. Still, it's a better system than the mining imo which is donkey dick retarded

[niko_cee]

This (https://www.google.com/finance?cid=154355215459809) company are quite interesting. Newly listed/licensed Alderney gaming companies have a tendency to fly (to an extent) in their infancy (and beyond) - for example this mob (https://www.google.com/finance?q=KLSE%3AGENM&sq=GENTING%20casino&sp=1&ei=2VV2WQGDiVP0-ZaYBQ). I had a punt on them at 19c back in December and they've been doing alright. Obviously fairly risky, but they have their 'thing' up and running now and they have some fairly serious backers. Don't blame me if they make off with all your cash. There's a good chance they're bogans. Probably better in here (or the betting one) than the finances thread.

[Spoonsky]

I don't understand any of it and am very happy not knowing. Never was a gambler.

For once we're in the same boat. My friends talk about it and it seems vaguely interesting but I really can't bring myself to care.

[Magic]

This (https://www.google.com/finance?cid=154355215459809) company are quite interesting. Newly listed/licensed Alderney gaming companies have a tendency to fly (to an extent) in their infancy (and beyond) - for example this mob (https://www.google.com/finance?q=KLSE%3AGENM&sq=GENTING%20casino&sp=1&ei=2VV2WQGDiVP0-ZaYBQ). I had a punt on them at 19c back in December and they've been doing alright. Obviously fairly risky, but they have their 'thing' up and running now and they have some fairly serious backers. Don't blame me if they make off with all your cash. There's a good chance they're bogans. Probably better in here (or the betting one) than the finances thread.

How much?

[niko_cee]

How much what?

[Bernanke]

10k a piece. :henn0rz:

[phonics]

My cousin gave me 23 of the fuckers back when you could buy drugs on there. Whoops.

[niko_cee]

I've got a digital wallet somewhere, but fuck knows if it has anything in it (I doubt it has much). Then again, I was accumulating them when they were a few hundred bucks a pop so even a fraction of one is probably worth a fair bit now. I wonder how much of the block chain is accounted for in dormant e-wallets.

[Foe]

In the time it has taken me to procure a cold wallet for storage the price has risen from 8000 to 10000 :moop:

It's a total bubble though. Some of the alt coins are piss takes yet have millions of dollars behind them.

[Baz]

Token referral link (http://goo.gl/FP7tqT). :charm:

^Thats for anyone wanting to set up a wallet.

Whereas this (http://goo.gl/1quWXr) is for anyone wanting to start mining.

[Lewis]

I sold mine when they were at five grand to buy AOL shares.

[Boydy]

Mining on your own is completely pointless now, isn't it?

[mugbull]

Yep.

[Baz]

Mining on your own is completely pointless now, isn't it?Depends what machines you have at your disposal.

[phonics]

I love that 'Preppers' are now changing all of their gold into BitCoin.

Yeah because at the end of the world, what you want is a cryptocurrency based on a peer to peer network over the internet.

[Mazuuurk]

In fairness, you probably don't want a bunch of gold lying around either.

[Kikó]

It's going to end in tears but imagine if you'd got in at the start...

State backed crypto currencies will be where bitcoin and others will eventually die

[niko_cee]

Thing is, short of agreeing to buy one of the houses in London listed in bitcoin, is there any way to withdraw serious amounts of it? Aren't most of the exchanges limited to 1 coin a day, at most, into actual money (I assume USD)? Now, that's still a good amount, but if you have made it seriously out of this, I still don't really see how you monetize it properly. Can you sell them at heavily discounted rates en masse to the ETFs that deal in them? That's probably where the real money is, as ever. Fucking parasitic middle men.

[Raoul Duke]

Thing is, short of agreeing to buy one of the houses in London listed in bitcoin, is there any way to withdraw serious amounts of it? Aren't most of the exchanges limited to 1 coin a day, at most, into actual money (I assume USD)? Now, that's still a good amount, but if you have made it seriously out of this, I still don't really see how you monetize it properly. Can you sell them at heavily discounted rates en masse to the ETFs that deal in them? That's probably where the real money is, as ever. Fucking parasitic middle men.

There's some limits but you can still get enough out. There was a Reddit thread I saw the other day on some guy who got out with about $200k

[Kikó]

Like all markets, it's based on faith in the market. Once that's gone, it'll crash rapidly.

[Baz]

http://i.imgur.com/mj6R6Bz.jpg

[The Merse]

It's going to end in tears but imagine if you'd got in at the start...

State backed crypto currencies will be where bitcoin and others will eventually die

Or bank-backed. XRP is doing tidily enough for me at the moment.

Had I only kept the 35 BTC I spent on fucking retro video games in 2011 :moop:

Tbf. I'd only have sold at £10 a pop or so, tenfold profit would have had me shitting myself so there's no way I'd have lasted.

[Lofty]

http://i.imgur.com/mj6R6Bz.jpg

That is a lazy photoshop.

No point crying over spent Bitcoin, likelyhood if you keeping it this long without forgetting the password/having them stolen is slim.

[Baz]

939165804809027585

[Bernanke]

So I decided to chuck 500 euros worth of betting money into a few alt-coins a couple of weeks back, and it's now trading at 1500 in total. :drool:

Next stop, Lambo.

[Lofty]

So I decided to chuck 500 euros worth of betting money into a few alt-coins a couple of weeks back, and it's now trading at 1500 in total. :drool:

Next stop, Lambo.

Cash out your initial €500 investment and then it’s all gravy whatever happens.

[The Merse]

135% return on my Ripple. In for the long haul, mind. Playing Ethereum for short term trades.

[Lewis]

http://i64.tinypic.com/2mxoai9.png

Good month lads.

[-james-]

I mean, seventy odd percent return ain't too bad.

[Lewis]

Since I posted that it went down another grand and then recovered. :cab:

[Kikó]

It's probably levelling due to the futures being introduced. And bitcoin exchanges have been hacked so not surprised.

[Foe]

I'm bottled it and got out for a slight loss.

It's been basically plummeting in market cap over the last 2 days. Opted to go to the gym earlier after I figured it had settled. Nope. Dropped another 15%.

Lesson learned.

[Pepe]

The whole block-chain technology thing seems like it could be useful for, erm, something, but since Bitcoin is merely being used for speculation right now, it will most definitely end in tears.

[Pepe]

Or so I'd think, I know fuck all to be honest.

[-james-]

Since I posted that it went down another grand and then recovered. :cab:

I do struggle to see how any opinion on it as an "investment" can be anything beyond guesswork.

[Kikó]

The whole block-chain technology thing seems like it could be useful for, erm, something, but since Bitcoin is merely being used for speculation right now, it will most definitely end in tears.

I've seen it used in settlement of derivatives. Check these out https://setl.io

You remove the +3 settlement days, make it really cheap and lose the need for a reconciliation team as it's all captured on the ledger.

[Bernanke]

"BTC has crashed 30% six times this year. Each time it recovered and then made gains of: 76%, 237%, 183%, 165%, 152%."

Bonkers.

[Raoul Duke]

This is a pretty good overview of a lot of current technology vs. hype: https://a16z.com/2017/12/06/summit-keynote-10-year-futures-benedict-evans/

[Foe]

There was currencies which literally didn't do anything which had billions of dollars behind them. So, yeah, blockchain will be used for something but there's a lot of "followers".

Bitcoin won't be the winner, when the price was like 20k the fees to send $50 were like $30. That's not a workable solution.

[The Merse]

Lost a fair bit of my equity last night. Having been 260% up going into the night I walked away with about 60% profits on my initial deposit. Made a couple of bum trades and then sold too hastily during the crash.

Still though, 60% in two weeks isn’t bad.

[Foe]

Crypto is fucking flying again lads. Ripple has made a stormer.

I ought a small amount of stellar lumens at 0.33 a couple days ago. It's at 0.9 today. :cool:

[Yevrah]

How are all of these crypto currencies regulated?

Can any twat call themselves a bank and release one?

[phonics]

How are all of these crypto currencies regulated?

Hahhahahahaha they were designed for drug dealers to exchange untraceable money.

[Foe]

It's all a gigantic scam. The trick will be getting a profit out before it all goes kaboom.

[Baz]

I’ve going hard on The Abyss (https://goo.gl/aB9owv). Apparently it’s Steam meets Bitcoin. Surely that’s gonna succeed.

[Boydy]

Nah, it's all about Goatse Coin (https://goatse.cx/).

Seriously, it's an actual thing.

Look:

947968759322628100

Also:

948111845382152192

:D

[Lewis]

How can you become any sort of 'Tech Correspondent' without knowing that? It's like not knowing what a printer is.

[Kikó]

How are all of these crypto currencies regulated?

Can any twat call themselves a bank and release one?

They are looking on how to regulate them. The closest legitimisation was through the bitcoin futures on the CME recently.

You can release a coin if you have the underlying infrastructure and ledger technology.

[phonics]

Most 'tech correspondents' treat pre-2006 like it was Division One.

[Lewis]

Yevcoin.

[Raoul Duke]

How can you become any sort of 'Tech Correspondent' without knowing that? It's like not knowing what a printer is.

He works for the BBC. He probably still uses a Blackberry.

[Kikó]

My colleague stuck £1500 in numerous coins and he's up to £6000 value at the moment. I think it's all mental.

[Foe]

Power ledger :cool:
Stellar lumens :cool:
Litecoin :/
Ethereum :D
OmiseGo :)
Monaco :/
Bread :)
Iota :)
Verge :( :mad: :cry:

[mugbull]

IOTA and Ripple where it's at

[mugbull]

Lumens too but I don't know shit about it

[Bernanke]

My colleague stuck £1500 in numerous coins and he's up to £6000 value at the moment. I think it's all mental.

That's about the same as I put in and now have. Mainly in REQ, VEN, and XBY.

[Adamski]

What broker did you use?

[Bernanke]

Bought ETH from various Swedish sites and moved to the exchanges. Mainly Binance right now, Cryptopia for XBY.

[Adamski]

Stuck £100 in on ETH to see how that goes.

Pretty cool you can do it through Revolut Giggles if you’re keen, a lot less faffing about.

[Giggles]

I don't really know what Bitcoins are and I'm happier in that I'm not missing anything that way.

[Bernanke]

It's really strange how un-tangible the numbers feel when messing around with this. I just passed 10000 euro, and due to one specific coin gaining a lot in the last 24 hours almost half that is in some obscure music coin, but I don't feel the stress over potentially losing it.

We'll see if I feel different when I cross six figures...

[-james-]

It's a load of nonsense.

A lot of people around me are making thousands on shitcoins. On one hand, I'm annoying I'm missing out; on the other, I simply can't have it as a reasonable "investment".

[niko_cee]

You and Warren Buffett. Decent company to keep.

[phonics]

Is it really an investment if it's impossible to get your money when you want it?

[Pepe]

Let people have their dreams.

[Bernanke]

One of the largest hardware chains in Sweden accepts BTC as payment. I'm gonna let it ride for a week or two now and then get a Macbook, a TV, and a Switch for well over what my initial investment was. :happycry:

[phonics]

The only place that accepts bitcoin here are Brothels. I could already use it to buy coke and hookers so it seems a bit pointless.

[Baz]

The guy I was working with today spent all day in the car watching crypto currency graphs and buying various different currencies, then telling me each and every one was the one to watch. :happycry:

To be fair he has five houses that he rents out so he’s not exactly short of a few bob, but jeez i bet there are loads of people like him. He sits up til 4am watching the graphs.

[phonics]

https://i.imgur.com/yUWNqpF.png

So. Many. Grifters.

[Foe]

Where was my pm berny ?

I'm limited to binance and have some shit portfolio fodder but I really hope either nuls, bread or air swap take off.

[Bernanke]

I mean, I said I hold VEN earlier in the thread, and look at it now.

[Bernanke]

https://media.discordapp.net/attachments/390588795910881309/402753315974414336/1516069069706.gif

[Baz]

:D

I’m now officially in. Had my account verified a long time ago but never actually bought anything until now.

For anyone wanting to do the same (now seems like a good time cos bitcoin is super low) it’s as easy as can be with Coinbase (http://goo.gl/FP7tqT). :thbup:

[Raoul Duke]

If you're looking for an indicator of how things are going: /r/bitcoin has the US suicide hotline phone number pinned as the top thread right now :D

[Magic]

Lol at this shambles. I read about one where some guys investment just disappeared because the currency shut down or something? 27k.

Fuck buying this shit, there's not really a legible way to convert it in to real money.

[Bernanke]

If you're looking for an indicator of how things are going: /r/bitcoin has the US suicide hotline phone number pinned as the top thread right now :D

It's been up there in previous crashes. It probably makes a lot of sense.

[Pepe]

That's what happens when X gets used for speculation. Idiots get excited and then they lose their money. Those pulling the strings profit every time.

[The Merse]

Bought a heap of XRP at $0.31 in November and sold up at $3.32 recently, made a few reasonable Eth trades too. It's gambling, pure and simple, but it does have an informed degree if your spending time reading up anyway. It's why I got on XRP - I attend Digital and Payment events and conferences, and Ripple's payment settlement platforms are well regarded - albeit not with XRP as an essential component currency.

[Boydy]

Researchers find that one person likely drove Bitcoin from $150 to $1,000 (https://techcrunch.com/2018/01/15/researchers-finds-that-one-person-likely-drove-bitcoin-from-150-to-1000/)

[Baz]

Bitcoin is on its arse lads. Currently at £6795. Buy buy buy! (http://goo.gl/FP7tqT)

[Bernanke]

Nah, don't, the Tether-shit is actually scary. I would stay away for a while.

[Lofty]

Down down deeper and down

[Adamski]

Insane. Thank God it’s just profit I’ve got in.

Long hold until it recovers.

[Magic]

Insane!

Who could have predicted such volatility!

[Mike]

What’s caused it to fall so much?

[Kikó]

What caused it to rise so much?

[Adamski]

What’s caused it to fall so much?

They think it’s your average person that’s slightly more clever than Magic becoming casual investors recently then panicking during pump and dumps from large investors or hedge funds. So the price keeps tanking and they keep withdrawing to at least get something back. Once the price gets low enough the hedge funds will come back in to drive the price back up and away it goes again. That’s my theory anyway.

One of the coins I’m in was at $0.75 in September and hit a high of $40 a fortnight ago. I took a fair whack out at $37 and it’s now sitting at around $19.

[Kikó]

They're also being shut out in China and potentially India. It'll balance out again.

[Magic]

It's also not real/recognised currency.

But the other stuff, that's why it's mental. Yep.

[Adamski]

It's also not real/recognised currency.

But the other stuff, that's why it's mental. Yep.

I’ve taken actual money out of it and it’s sitting in my bank account.

Must you always have an opinion on things you know absolutely fuck all about?

[Pepe]

Yeah Magic mate, at least read some blogs before posting.

[Jimmy Floyd]

They ban their own currency fairly regularly in India, never mind cyber currencies.

[Kikó]

Well that's not absolutely true. They knocked out the highest dominated note to try and get people into the actual banking system. It's like them banning £1 coins in the 90s. We'd be fucked.

[Magic]

If only all of us talked about stuff we were experts about. Only Harold could talk with any sense of authority.

[Foe]

There's something afoot in many banking sectors at the moment. There's widespread fear about interest rates and shares around the world are dipping. Crypto, seen as a high risk investment at the off-set, is always going to be hit pretty hard by that.

I've still got all of what I originally owned and had put a small amount more available to buy in the dip - just not sure we've hit the bottom yet by any means.

If it disintegrates into nothing? So be it - I knew that at the start.

If there's a big market correction in general stocks and shares I'll have a think about ploughing some money into some companies/industries I think will bounce back.

[Lewis]

Who was it who put the TTH experts list together years ago? Panda?

'I am a football expert me.'

[igor_balis]

i'm an expert at eating ass

[igor_balis]

i also just found out that the £30 of bitcoin i had ages ago would have been worth £200 now which is slightly annoying

[Magic]

i also just found out that the £30 of bitcoin i had ages ago would have been worth £200 now which is slightly annoying

Now worth £150.

[Magic]

£120

[Magic]

£125

[Magic]

-£125

[Lofty]

I’ve taken actual money out of it and it’s sitting in my bank account.

Must you always have an opinion on things you know absolutely fuck all about?

You taking actual money out of it that’s sat in your bank account doesn’t make bitcoin a real/recognised currency. I sold a Stephen King Proof Copy for £500 on eBay, I wouldn’t class Stephen King Proof Copies as currency.

Cryptocurrency is useless for what it is actually designed as, at least in its current form. It is a commodity that can be invested in and profited from, at least at high risk. The long term problem for crypto is the main people buying it/inflating the value are speculators looking to make a profit, not true believers trying to buy a coffee with it. But unlike other commodities, it has no other use to cement its value. True believers always go on about fiat currencies and gold, but gold at least has some use beyond jewellery. In fact every commodity you can think of that could be a financial investment tends to have a few different uses.

Cryptocurrency is never going to supplant normal currency until you no longer need to do the math on what the exchange rate on fiat money is anymore. Good luck to anyone who manages to make profit from it, but it really is just digital beanie babies.

[Magic]

:drool:

That's my point, allbeit more eloquently put.

[Foe]

You taking actual money out of it that’s sat in your bank account doesn’t make bitcoin a real/recognised currency. I sold a Stephen King Proof Copy for £500 on eBay, I wouldn’t class Stephen King Proof Copies as currency.

Cryptocurrency is useless for what it is actually designed as, at least in its current form. It is a commodity that can be invested in and profited from, at least at high risk. The long term problem for crypto is the main people buying it/inflating the value are speculators looking to make a profit, not true believers trying to buy a coffee with it. But unlike other commodities, it has no other use to cement its value. True believers always go on about fiat currencies and gold, but gold at least has some use beyond jewellery. In fact every commodity you can think of that could be a financial investment tends to have a few different uses.

Cryptocurrency is never going to supplant normal currency until you no longer need to do the math on what the exchange rate on fiat money is anymore. Good luck to anyone who manages to make profit from it, but it really is just digital beanie babies.

For the most part there's significant flaws, but the technology behind it definitely has a future.

Right now there's serious hurdles to overcome, mainly convincing governments it has a valid use. There's no reason it can't be used in tandem with fiat currency and would break down some the 'VISA' dominance we've got at the moment. It's effectively one step towards having a universal currency that you can use quickly and easily wherever you are with minimal fees. The issues with 'tax' should really be addressed when it's used for a purchase, the retailer just needs a mechanism to easily record the transaction.

That's a long, long way off though and right now as you've said it's basically being used as a market manipulation tool and to effectively launder money anonymously.

I'm interested to see how it will all play out. First movers rarely win the long term game because of the flaws they have to iron out along the way, but if Venezuela truly adopt the 'Petro' and it finds a use in their society, I think we'll see digital currency being used elsewhere in the coming years.

Unfortunately, right now it's far, far too difficult for the general public to understand it's an absolute nightmare to actually 'buy' some of the alt coins never mind use them. The space really needs something like OmiseGo / TenX / Bread / Monaco to find legitimate use.

Unless Bitcoin resolves it's scaling issues and transaction times/fees it's doomed. What's more likely is Visa copying the idea and finding a better way to implement it. I'd be shocked if there weren't many major companies out there dabbling in their R&D department how to implement blockchain effectively.

[Kikó]

Crypto currency will become currency when it's backed by the nation state governments. Ledger technology will settle derivatives rapidly and the blockchain will become common place.

Crypto is good for money laundering at the mo.

[Foe]

Good summary Keeks. Thanks for paraphrasing.

[Lofty]

When the larger nation states adopt Crypto they won’t be adopting an existing one that makes the guy who bought the dog dick coffee table with his first bitcoin king of the world, as the true believers hope.

They’ll make their own proper one that ensures the status quo with regards to the distribution of wealth. I agree it’s interesting in that regard and do not doubt at all that is where things are heading regarding day to day spending all the way up to big ticket purchases.

Just read something from one of the crypto Reddit’s about a guy who started with $100,000 and got up to $1,000,000 pre-Christmas. Wiped down to $550,000 after the last few weeks, which would still be a nice haul except he now owes capital gains tax of $450,000 :D

[Foe]

When the larger nation states adopt Crypto they won’t be adopting an existing one that makes the guy who bought the dog dick coffee table with his first bitcoin king of the world, as the true believers hope.

They’ll make their own proper one that ensures the status quo with regards to the distribution of wealth. I agree it’s interesting in that regard and do not doubt at all that is where things are heading regarding day to day spending all the way up to big ticket purchases.

Just read something from one of the crypto Reddit’s about a guy who started with $100,000 and got up to $1,000,000 pre-Christmas. Wiped down to $550,000 after the last few weeks, which would still be a nice haul except he now owes capital gains tax of $450,000 :D

Yeah, agree with the top point - hence Venezuela inventing their own. Some of the 'platforms' i.e. Ethereum / EoS etc. might well survive but a lot of the similar, ultimately pointless coins will cease.

The bottom bit sounds like bollocks.

Japan seems pretty open to this sort of shit, and they're a nation who seem to love tech pish so maybe it'll find a niche there. Same with those 'shithole' african countries Donald Trump seems to hate.

[Spikey M]

I had a few grand in a savings account so I've decided to dip my toe in this. Just bought £2300 worth of OneCoin. :drool:

[Kikó]

RIP your money.

[Sir Andy Mahowry]

I had a few grand in a savings account so I've decided to dip my toe in this. Just bought £2300 worth of OneCoin. :drool:

Have you really? If so, lol.

[mugbull]

OneCoin like the Ponzi scheme?

[Offshore Toon]

Its obvs a bit of bants to kick off our Saturday nights.

[Spikey M]

:henn0rz:

I have been listening to the 'Cryptoqueen' podcast and this shit had completely passed me by. How the fuck can they still have offices open within the EU, the ability to advertise and a website that comes up on Google? They have 1 of the ringleaders banged up in America and the FBI are after the other, who disappeared 3 years ago. They've literally scammed billions and they're still going.

Mental.

[Mellberg]

I've got an account with £100 in. £50 on Ripple, £50 on BitCoin. Just to get a feel tbh. Nothing's really happened.

Just seems like a platform to run dirty money through, not that I have the first clue how to do that.

[Kikó]

It's a complete Ponzi. Nation backed crypto currencies will come at some point but this is all speculation.

[Spikey M]

What's a Ponzi? Crypto or OneCoin?

Calling OneCoin a Ponzi would be kind in the extreme.

[-james-]

You're better off investing your cash on the roulette wheel than any sort of cryptocurrency.

[Kikó]

What's a Ponzi? Crypto or OneCoin?

Calling OneCoin a Ponzi would be kind in the extreme.

Crypto.

[Offshore Toon]

Crypto does seem a bit like trading for stoners.

[Foe]

I should probably check if I still own this stuff or if it is lost or stolen. It was not a sound investment. Thankfully it was Pocket change in the grand scheme of things.

[mugbull]

Crypto does seem a bit like trading for stoners.

One guy I know built an app in high school, made something like $50k out of it, then invested the whole sum in Ethereum (way back in its infancy) and is now worth $20 mil. He also painted swastikas all over the Jewish community center so there's that.

[Pen]

I’ve never met anyone who has made money out of this, but every idiot has a ’mate’ who has made a fortune with cryptocurrency.

So, yeah. I call bollocks.

[Spikey M]

Last month on 25/10 the price of 1 bitcoin went from £5761 to £7583 in 12 hours. You absolutely can make money doing it, but it's basically gambling and the opposite can happen just as easily. The only advantage it has over gambling is that you still own the coins after a price drop, and the price will (probably) go back up.

[Mike]

I have £32 in bitcoin, I bought £25.

[Ian]

Aye alright, Rockerfeller.

[Baz]

​
Seen this doing the rounds. Free money on Coinbase, essentially. Edited to include my referral links, obviously. If you don't want to use my referral links, you can search for the quizzes.



Does anyone use coinbase.com (https://bit.ly/C01NB453) and wants to make some really quick legit money by answering some questions ? EARN 50UGBP 100GBP or more!


Hey there, this is a pretty easy method. Coinbase is basically offering free coin for watching their lessons and answering a quick quiz. I'll send you my referral links and the answers to the questions and you'll be able to finish it in under 10 min.


XLM

https://coinbase.com/earn/xlm/invite/yt4jwr15


Answer No. 1: A decentralized protocol that unites the worlds financial infrastructure

Answer No. 2: Facilitating low-cost, universal payments.

Answer No. 3: Transactions are fast, inexpensive, and global

Answer No. 4: To issue, exchange, and transfer tokens quickly and efficiently

Answer No. 5: It relies on the cooperation of trusted nodes to confirm transactions.

Total: £10+


EOS

https://coinbase.com/earn/eos/invite/td07yb21


Answer No. 1: A blockchain protocol for fast, scalable applications

Answer No. 2: Delegated proof of stake

Answer No. 3: Fast, free transfers

Answer No. 4: Stake EOS tokens

Answer No. 5: Upgradable smart contracts

Total: £10+


COMP

https://coinbase.com/earn/comp/invite/fs5trxzk


Answer No. 1: Earning interest

Answer No. 2: Supply a crypto asset as collateral

Answer No. 3: COMP token holders

Total: £9+


Use those answers in the quizzes, and if you'd like to, convert the coins to btc and you'll have at least £50 in less than 10 min. You can also make an extra £15 from the other quizzes that don't have referral codes. You don't have to do it right now, but be careful for the coins not to run out. I was going to do the quiz for Orchid today and they've run out of free coin to offer.


ALGO

How does Algorand solve the blockchain trilemma?

By being scalable, secure, and decentralized

In Pure Proof-of-Stake, who gets to propose the next block?

A randomly selected ALGO token

What is an Algorand token called?

Algorand Standard Asset (ASA)


MKR

What are the native assets of the Maker protocol?

MKR and DAI

Who runs MakerDAO?

MKR holders

What do you need to generate DAI today?

A crypto wallet and crypto collateral


CELO

How does Celo give greater access to financial tools?

By making crypto accessible on mobile phones

What are 3 things CELO is used for?

Staking, governance, and stability

What’s one way to send a Celo Dollar?

Using the Valora mobile app


Enjoy making some very easy quick bucks!!!



Hope it helps someone. :)

​

[Spikey M]

Anyone fancy a little ride on the (probable) Pyramid Scheme train?

A new crypto is due to start trading next year, but you can "mine" it now from your mobile. It's not actually mining anything, it's just a counter, but hey, potential free money. Or potential free nothing. Time will tell.

Anyway, if you fancy a go / pushing me up the pyramid then you just download "Pi Network" from the App store and use SpikeyM as your invitation code.

G'wan Baz lad.

[Boydy]

Anyone fancy a little ride on the (probable) Pyramid Scheme train?

A new crypto is due to start trading next year, but you can "mine" it now from your mobile. It's not actually mining anything, it's just a counter, but hey, potential free money. Or potential free nothing. Time will tell.

Anyway, if you fancy a go / pushing me up the pyramid then you just download "Pi Network" from the App store and use SpikeyM as your invitation code.

G'wan Baz lad.

What permissions does it ask for when you install it?

[Spikey M]

What permissions does it ask for when you install it?

None. It just asks to verify your Facebook or phone number (I did phone no) and asks what your name is.

[Baz]

Anyone fancy a little ride on the (probable) Pyramid Scheme train?

A new crypto is due to start trading next year, but you can "mine" it now from your mobile. It's not actually mining anything, it's just a counter, but hey, potential free money. Or potential free nothing. Time will tell.

Anyway, if you fancy a go / pushing me up the pyramid then you just download "Pi Network" from the App store and use SpikeyM as your invitation code.

G'wan Baz lad.been doing it a few weeks already

I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 10 million members worldwide. To claim your Pi, follow this link https://minepi.com/baz9 and use my username (baz9) as your invitation code.

Scam though, I think: https://zephyrnet.com/project-review-pi-network-a-new-scam-project-in-town/

By the way you’re a mug if you didn’t do that Coinbase quiz thing above. Literally a free £100. Do it now and post your links. Each link can only be done 4 times til you’re maxed out in terms of commission so if you plan it well, a group of you can all end up £100 up. I did it in a discord server I’m in and about 100 people ended up maxing out their links. Not sure if it’s still being offered now though.

[Spikey M]

It says it needs a load of permissions, but it only asked for permission to see my contacts for referral purposes and I said no. It doesn't have permission to do anything.

I did the tests a while back, but never did the referral side of things though.