Bitcoin and other Crypto...

[Bob]

36% in last 24 hours for Litecoin now. 20% for IOTA.

I got lucky! Not the usual for me.

[3 Stacks]

Just made $25 profit on BCH. Don't know how people with 9-5's do it, personally. 

[Rico1304]

No because state issued bank notes or currency are legal tender (hence why it's illegal to print your own money). We can exchange money for foreign currencies because the central banks allow it.

 

It may just be another way of spending money on the web but it will not ever replace state issued bank notes.

Thanks.

 

But how many transactions are made on the web? Surely it’s the future?

 

(I’ve made my bitcoin losses back in the other 2 I bought, please cancel the Just Giving Page).

[Bob]

On the negative side, it's just cost me £10 to validate a bank account so I can actually withdraw, and I assume that sort of level of cost will apply when I actually take some cash out.

[Kloppite]

Thanks.

 

But how many transactions are made on the web? Surely it’s the future?

 

(I’ve made my bitcoin losses back in the other 2 I bought, please cancel the Just Giving Page).

Yes but you can use a debit card or a credit card or PayPal.

 

So the future is already here and as I have already pointed out neither of the above costs 18 quid when the actual cost is 11 quid.

[Rico1304]

Yes but you can use a debit card or a credit card or PayPal.

 

So the future is already here and as I have already pointed out neither of the above costs 18 quid when the actual cost is 11 quid.

Again, I’m a novice so not looking for a row but surely the merchant acquiring fees are already priced into your banking fees and the price of the goods.

[Kloppite]

Again, I’m a novice so not looking for a row but surely the merchant acquiring fees are already priced into your banking fees and the price of the goods.

And you think that those aren't going to exist with Bitcoin and they aren't anyway near the 7 quid it would have cost me!

[Spy Bee]

Yes but you can use a debit card or a credit card or PayPal.

 

So the future is already here and as I have already pointed out neither of the above costs 18 quid when the actual cost is 11 quid.

I've already explained why it was £18... it's not yet stable, but it will be. I've also explained why the finite amount of coins is a positive for individuals.

 

And you think that those aren't going to exist with Bitcoin and they aren't anyway near the 7 quid it would have cost me!

Are you being deliberately obtuse? Using blockchain and other new methods are more cost effective, everybody accepts that.

[Rico1304]

And you think that those aren't going to exist with Bitcoin and they aren't anyway near the 7 quid it would have cost me!

They are marginal in bitcoin cash aren’t they?

[Kloppite]

I've already explained why it was £18... it's not yet stable, but it will be. I've also explained why the finite amount of coins is a positive for individuals.

 

Are you being deliberately obtuse? Using blockchain and other new methods are more cost effective, everybody accepts that.

No I am not and sorry if I am coming across that way I am just trying to understand/ get my head around the Bitcoin phenomena.

[Kloppite]

They are marginal in bitcoin cash aren’t they?

Haven't got a clue but as i explained if I had bought a product for 11 quid the fees for debut card payment would have been about a quid but for bit coin it would have cost me 18quid plus the quid transaction fee for the debit card company.

[Bob]

Decided asking for more than 35% growth was being greedy and that it might drop while I was driving home, so converted to £ and took my £125 profit for another day.

 

Pleased to see it's a little lower now than I sold for and hasn't been any higher than my sell price since then.

[Bob]

I'm enjoying this, but I don't have the book title to make big money

[3 Stacks]

Anyone else heard of this thing called CryptoKitties? It's basically a game where you collect and trade these cartoon cats. So they're all unique, with different colours, eyes, ears, stripes, dots, etc... and they all have an inherent worth that people who play the game give them based around Ethereum.

 

Anyways, you can buy, sell and "breed" the cats you already have to make new cats. Basically, you can build a collection of cats who all have a certain monetary worth. Very interesting stuff and these blockchain games based around cryptocurrency seem like they would have a lot of potential. 

[3 Stacks]

He is one of them ad guys. He is paid to post on forums he mixes in and the he starts the big sell. 

Obviously once he is found out they tend to fuck off.

 

Bed.

[3 Stacks]

HAHAHAHAHA This isn't an advert though.

 

If I was involved in the development of stuff like this in any capacity, I would be way too rich and successful to be wasting my time talking to an absolute headcase like you. 

[VladimirIlyich]

Anyone else heard of this thing called CryptoKitties? It's basically a game where you collect and trade these cartoon cats. So they're all unique, with different colours, eyes, ears, stripes, dots, etc... and they all have an inherent worth that people who play the game give them based around Ethereum.

 

Anyways, you can buy, sell and "breed" the cats you already have to make new cats. Basically, you can build a collection of cats who all have a certain monetary worth. Very interesting stuff and these blockchain games based around cryptocurrency seem like they would have a lot of potential.

Tamaguchi virtual pets all over again? Or even Pokemon for currency?

 

The nerds are taking over.

[Spy Bee]

Decided asking for more than 35% growth was being greedy and that it might drop while I was driving home, so converted to £ and took my £125 profit for another day.

 

Pleased to see it's a little lower now than I sold for and hasn't been any higher than my sell price since then.

I'm about 500$ up overnight. Trying hard to hold now, not t shuffle my pack or put any more money in.

 

I was talking to a lad I know yesterday. He's putting £200 per week in at the moment. He's currently invested about £7500 and has a portfolio worth £27,000. He's throwing every last penny he can into it. He's not had a beer for weeks or anything. He reckons by the end of 2018 he'll have cleared his mortgage and be pretty comfortable.

[Bob]

I'm about 500$ up overnight. Trying hard to hold now, not t shuffle my pack or put any more money in.

 

I was talking to a lad I know yesterday. He's putting £200 per week in at the moment. He's currently invested about £7500 and has a portfolio worth £27,000. He's throwing every last penny he can into it. He's not had a beer for weeks or anything. He reckons by the end of 2018 he'll have cleared his mortgage and be pretty comfortable.

I've just woke up to see Litecoin up 70% and cursed st myself.

 

When I first started seeing my money just go up steadilybeach day by 10-20 quid my plan was a couple of hundred every pay day, but the wild volatility worries me.

 

I can strictly afford to lose it, but st the same time losing £500 odd quid will sting.

[Spy Bee]

I've just woke up to see Litecoin up 70% and cursed st myself.

 

When I first started seeing my money just go up steadilybeach day by 10-20 quid my plan was a couple of hundred every pay day, but the wild volatility worries me.

 

I can strictly afford to lose it, but st the same time losing £500 odd quid will sting.

Well you're 3120 up now... ekk another £380 out and then you're just paying with your winnings.

[Anubis]

Get your bitcoin into Wankcoin, pronto. It's going to start out a little flaccid, but once people put their hands in their pockets it'll quickly stiffen up. Keep working it hard and eventually it'll erupt and the rewards will bring you joy and satisfaction.

[Rico1304]

I’m now £35 up!!!! Got an ounce of coke and 4 hookers turning up in half an hour. The Wolf of Marple.

[Bob]

Well you're 3120 up now... ekk another £380 out and then you're just paying with your winnings.

I've got £605 in Coinbase plus $120 in bitfinex, from £475 investment. So handily in the black but want to get back into something else and am waiting uncertain of what to do.

[Pidge]

"How much is the Capital Gains Tax going to be?"

 

Gets some interesting reactions. Some shit themselves, others just go full-tory about their free money.

 

edit: most of the above will be covered by Capital Gains Tax allowances btw. Mr £27k might need to account for it though.

[Spy Bee]

I've got £605 in Coinbase plus $120 in bitfinex, from £475 investment. So handily in the black but want to get back into something else and am waiting uncertain of what to do.

I'd have a look at XRP, Stellar Lumens and IOTA... they're all cheap per coin, so you don't need a huge investment. Just buy and hold. There's others like NEO, but I don't know much about them.