bitcoin trading.

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  • Well after the overnight high of $17143 its fallen over 10% with 2 bounces reaching $16373 and later $15977. Currently at $15267. Has is peaked or is there more to come?
    IF THIS POST HAS BEEN HELPFUL - PLEASE CLICK ON THANKS :j
  • jennyjj
    jennyjj Posts: 346
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    angela2011 wrote: »
    Thinking of investing some cash in to trade in bitcoins. Been looking at cryptoallday and was wondering if anyone had used them before.

    Any advice would be great...

    TIA...
    Short answer.
    Be afraid. Be very afraid.
    Don't be a lamb to the slaughter.
    https://madblockchain.com/klcp

    JJ
  • slopemaster
    slopemaster Posts: 1,579
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    jennyjj wrote: »

    Thanks, that gave me a good laugh
  • Why is anyone buying Bitcoin now concerned over CGT ?
    Debt is a symptom, solve the problem.
  • Bitcoin is beautiful. My luxury holiday next year is paid for. Cgt? Only if hmrc, good luck in them trying.

    The nay Sayers are left behind, some may be jealousy of others success...come on, it's free money at this point, whether it crashes later who knows. Hype or not, there's upward trajectory and you'd be mad not to ride that mutha right now!
  • The gains dawrf any cgt liability
  • I think it's amazing that Bitcoin, currently at $16,000, begun the year at $1,000, and that anyone would trade that amount of cash for a 1kb file.

    It's either an incredible coincidence or someone prescient worked at The Economist 30 years ago as the Phoenix bears more than a passing resemblance to how Bitcoin's symbol has become popularised.

    theeconomist-phoenix_get_ready_for_world_currency_by_2018.jpg

    KryptoMoney.com-Bitcoin-price-could-read-to-25000-in-five-years.jpg
  • theGrinch
    theGrinch Posts: 3,122
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    investing? Ha...its more speculating/betting isnt it?
    "enough is a feast"...old Buddist proverb
  • catoutthebag
    catoutthebag Posts: 2,216 Forumite
    Investing is not too different from betting... you're taking a punt that X amount will yield a profit at a particular timeframe...it may not though
  • investing? Ha...its more speculating/betting isnt it?

    I'm no Bitcoin expert (quite the opposite, actually), but at the end of the day, most investments that don't have a guaranteed return can be classified as speculation or betting. I'm comfortable with that.
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