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Spy Bee

Bitcoin and other Crypto...

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Anybody had a dabble?

 

If you put £100 in Bitcoin 10 years ago, you'd be a millionaire now

If you put £500 in five years ago, you'd be a millionaire now

 

I put £750 in Crypto including Bitcoin 5 weeks ago and it's now worth £1500.

 

Anybody else involved?

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Anybody had a dabble?

 

If you put £100 in Bitcoin 10 years ago, you'd be a millionaire now

If you put £500 in five years ago, you'd be a millionaire now

 

I put £750 in Crypto including Bitcoin 5 weeks ago and it's now worth £1500.

 

Anybody else involved?

Didn’t Pony Princess have some? He kindly explained how they worked and advised people investing. That was about 5 years ago...

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I have absolutely no idea what any of this means.

 

Would I be able to ram them up my arse?

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Yup. If you're interested in altcoins I can't recommend Obsidian highly enough, secure encrypted and decentralised messaging and payment product. Currently at 50p a coin, I reckon it'll be at £10 - £20 this time next year.

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Think of it as digital gold. There is a finite amount (Specifically BitCoin) and the price us dictated by supply and demand.

Demand will rise due to the methodology (blockchain) being streets ahead of existing financial markets.

However new tech could overtake it.

 

I have Bitcoin, Ethereum, Litecoin and XRP. I also have invested in two ICO's, Crypterium and Cashaa - I wouldn't bother with Crypterium, but Cashaa looks good.

 

Where do you start... go to etoro website and have a read. I am happy to answer any specific questions and provide what information I can. For example, if you want to buy some Bitcoin, some Ethereum and some Litecoin, just download Coinbase or Krakem, apps, validate yourself and buy some!

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Think of it as digital gold. There is a finite amount (Specifically BitCoin) and the price us dictated by supply and demand.

 

Demand will rise due to the methodology (blockchain) being streets ahead of existing financial markets.

 

However new tech could overtake it.

 

I have Bitcoin, Ethereum, Litecoin and XRP. I also have invested in two ICO's, Crypterium and Cashaa - I wouldn't bother with Crypterium, but Cashaa looks good.

 

Where do you start... go to etoro website and have a read. I am happy to answer any specific questions and provide what information I can. For example, if you want to buy some Bitcoin, some Ethereum and some Litecoin, just download Coinbase or Krakem, apps, validate yourself and buy some!

Nice spread of decent coins that mate. Only ones that I'd add are NEO and ODN.
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I’m going to get a couple of hundred quids worth. Take that as a sign to get your money out immediately. Maybe they’ll take my last minute.com shares as payment. Or the Centrica shares I’ve bought at £2.

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I’m going to get a couple of hundred quids worth. Take that as a sign to get your money out immediately. Maybe they’ll take my last minute.com shares as payment. Or the Centrica shares I’ve bought at £2.

I think it's too late to hope for incredible gains now, but you could still double your money or more quite quickly. If you want a bigger return, look at Litecoin or Cashaa I reckon.

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I downloaded the Coinbase app, sent the photo page of my passport for ID verification and for some reason they couldn’t validate my ID. Probably light shining through the window or something.

 

Can’t be arsed doing it again. Deleted the app. Fuck it. I’ll stay poor.

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I think it's too late to hope for incredible gains now, but you could still double your money or more quite quickly. If you want a bigger return, look at Litecoin or Cashaa I reckon.

Cheers mate, I may be back to ask daft questions.

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Anybody had a dabble?

 

If you put £100 in Bitcoin 10 years ago, you'd be a millionaire now

If you put £500 in five years ago, you'd be a millionaire now

 

I put £750 in Crypto including Bitcoin 5 weeks ago and it's now worth £1500.

 

Anybody else involved?

Is it actually worth £1500 (i.e. you will be able to sell it for £1500) or is it like a game where you see £1500 as a number and there's nothing you can do with it?

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Girl I live with's brother put a grand down on one of them about 6 months ago. Reckons its worth about 5k at the minute maybe more. Assumed he was bullshitting but obviously not 

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Dubious about this.

 

If the capital growth is down to interest accumulation then why don't high street banks offer similar ?

 

No, but if the accelearation in value is down to supply and demand of an imaginary currency, what could possibly go wrong ?!

 

Not getting this at all.

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Is it actually worth £1500 (i.e. you will be able to sell it for £1500) or is it like a game where you see £1500 as a number and there's nothing you can do with it?

If I withdraw now, it's worth about £1555
 

Dubious about this.

 

If the capital growth is down to interest accumulation then why don't high street banks offer similar ?

 

No, but if the accelearation in value is down to supply and demand of an imaginary currency, what could possibly go wrong ?!

 

Not getting this at all.

Value is strictly supply and demand

 

What's the easiest app to use for trading these? 

 

I use Coinbase, Krakem is okay and eToro is what my sister uses I think.

 

Sorry for this shit attempt at multiquote!

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So if value is decided on supply and demand then what's to stop bitcoin providers from flooding the imaginary money market with imaginary quantitive easing / further bitcoin currency ?

 

What would investors be left with ? Nothing.

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So if value is decided on supply and demand then what's to stop bitcoin providers from flooding the imaginary money market with imaginary quantitive easing / further bitcoin currency ?

 

What would investors be left with ? Nothing.

There is a finite amount of coints capped forever. I think it's 21 billion, of which 17 billions have currently been released and 4 billion 'lost'

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