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?
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?
Ethereum's where it's at now mate, although you missed the boat on that one by a few months too
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?
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.
Your marriage.
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
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).
What can one actually use Bitcoins for?
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
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.
I don't understand any of it and am very happy not knowing. Never was a gambler.
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
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.
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.
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
This 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. 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 what?
My cousin gave me 23 of the fuckers back when you could buy drugs on there. Whoops.
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.
In the time it has taken me to procure a cold wallet for storage the price has risen from 8000 to 10000
It's a total bubble though. Some of the alt coins are piss takes yet have millions of dollars behind them.
Token referral link.
^Thats for anyone wanting to set up a wallet.
Whereas this is for anyone wanting to start mining.
I'm a twit
I sold mine when they were at five grand to buy AOL shares.
Mining on your own is completely pointless now, isn't it?
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.
In fairness, you probably don't want a bunch of gold lying around either.
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
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.
Like all markets, it's based on faith in the market. Once that's gone, it'll crash rapidly.
I'm a twit
I'm a twit
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.
Next stop, Lambo.
135% return on my Ripple. In for the long haul, mind. Playing Ethereum for short term trades.
Good month lads.
I mean, seventy odd percent return ain't too bad.
Since I posted that it went down another grand and then recovered.
It's probably levelling due to the futures being introduced. And bitcoin exchanges have been hacked so not surprised.
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.
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.
Or so I'd think, I know fuck all to be honest.