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  • FIRST POST
    • angela2011
    • By angela2011 26th Oct 17, 5:37 PM
    • 453Posts
    • 132Thanks
    angela2011
    bitcoin trading.
    • #1
    • 26th Oct 17, 5:37 PM
    bitcoin trading. 26th Oct 17 at 5:37 PM
    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...
Page 1
    • stoneman
    • By stoneman 26th Oct 17, 5:53 PM
    • 4,150 Posts
    • 3,122 Thanks
    stoneman
    • #2
    • 26th Oct 17, 5:53 PM
    • #2
    • 26th Oct 17, 5:53 PM
    I use coinfloor. You can set a limit order at which you want to sell.
    Mind you are going to need some serious cash to buy a coin or 2. I bought 2 at about £1998 each and sold them 2 weeks later for £2600 each. £1200 profit and the charge to withdraw the money to my bank was £10
    The common law of business balance prohibits paying a little and getting a lot. If you deal with the lowest bidder, it is well to add something for the risk you run, and if you do that you will have enough to pay for something better.
    • Impulse1976
    • By Impulse1976 1st Nov 17, 1:58 PM
    • 86 Posts
    • 247 Thanks
    Impulse1976
    • #3
    • 1st Nov 17, 1:58 PM
    • #3
    • 1st Nov 17, 1:58 PM
    I have bought 2 packages £50 each 2 weeks ago and my return is £7.88 so far. I am letting this work up to £50 so i can buy another package.
    If you are interested i can refer you to my team?
    • peterrussel
    • By peterrussel 6th Nov 17, 1:20 PM
    • 2 Posts
    • 0 Thanks
    peterrussel
    • #4
    • 6th Nov 17, 1:20 PM
    • #4
    • 6th Nov 17, 1:20 PM
    Before you invest in bitcoin. I give you suggestion please read the description. In order to send or receive bitcoins, all you need to have is a bitcoin address and internet access. You only need to be online long enough for the transaction to process. Similarly to traditional bank accounts, you can receive bitcoins to your bitcoin address even if you’re offline. When you want to ‘’collect’’ your coins however, you’ll have to find an internet connection.
    • jimjames
    • By jimjames 6th Nov 17, 1:24 PM
    • 12,239 Posts
    • 10,776 Thanks
    jimjames
    • #5
    • 6th Nov 17, 1:24 PM
    • #5
    • 6th Nov 17, 1:24 PM
    I have bought 2 packages £50 each 2 weeks ago and my return is £7.88 so far. I am letting this work up to £50 so i can buy another package.
    If you are interested i can refer you to my team?
    Originally posted by Impulse1976
    Referrals aren't permitted here
    Remember the saying: if it looks too good to be true it almost certainly is.
    • TBC15
    • By TBC15 7th Nov 17, 5:06 PM
    • 265 Posts
    • 87 Thanks
    TBC15
    • #6
    • 7th Nov 17, 5:06 PM
    • #6
    • 7th Nov 17, 5:06 PM
    Please forgive my ignorance but why do bitcoins have any tangible value?
    • Shashy
    • By Shashy 7th Nov 17, 6:28 PM
    • 74 Posts
    • 90 Thanks
    Shashy
    • #7
    • 7th Nov 17, 6:28 PM
    • #7
    • 7th Nov 17, 6:28 PM
    Please forgive my ignorance but why do bitcoins have any tangible value?
    Originally posted by TBC15
    They don't. But then neither does any other money/currency, really.
    • TrustyOven
    • By TrustyOven 7th Nov 17, 6:41 PM
    • 675 Posts
    • 718 Thanks
    TrustyOven
    • #8
    • 7th Nov 17, 6:41 PM
    • #8
    • 7th Nov 17, 6:41 PM
    Please forgive my ignorance but why do bitcoins have any tangible value?
    Originally posted by TBC15
    The tangible value is the hype.

    Same reason why Snapchat was valued at $29b (when there's tons of instant messaging platforms / apps (https://en.wikipedia.org/wiki/Comparison_of_instant_messaging_clients and https://en.wikipedia.org/wiki/Comparison_of_instant_messaging_protocols)).

    Hype. It's new. It's flashy. No one understands it, but everyone is doing it, therefore it must be good. Anonymity (even though the blockchain is a distributed ledger, so people can see the transactions).

    And of course, let's not forget greed.

    Maybe it's the mystique - no one (of the public) knows who is the creator, Satoshi Nakamoto. To understand the system, I get the impression you would need an advanced degree with subjects in distributed computing, computational theory, and cryptography.

    One of the hot topics these days in IT is the distributed ledger, which I assume shares some ideas from the Distributed Hash Tables used in later versions of BitTorrent.

    The initial mining phase may have been interesting, and you could say you were giving the system some value, but I think the idea was to make it worth something (exchange of time and electric power for bitcoins), as a means of currency. The hype causes the large pricing fluctuation, not inherent value.

    It's a bit like how someone might get terribly excited to learn that £20 is nearly 3000 Japanese Yen.

    It's just Foreign eXchange. And FX is not really what I'd class an investment.



    But then.... what do I know - I've not followed BitCoins ("Coins of BitTorrent" :-D ), never bought any and never plan to. It's just hype. If you want, take that as me being biased against BitCoin, and apply your appropriate trust weighting to my post ;-)
    Goals
    Save £12k in 2017 #016 (£4212.06 / £10k) (42.12%)
    Save £12k in 2016 #041 (£4558.28 / £6k) (75.97%)
    Save £12k in 2014 #192 (£4115.62 / £5k) (82.3%)
    • chrisgg
    • By chrisgg 7th Nov 17, 9:48 PM
    • 25 Posts
    • 15 Thanks
    chrisgg
    • #9
    • 7th Nov 17, 9:48 PM
    • #9
    • 7th Nov 17, 9:48 PM
    Saw an interesting article the other day on bitcoins saying that the quick gains made this year will excite many, but many will be unaware that CGT will be due on sale. This could cause investors in bitcoin to hold their investments longer than they otherwise would to avoid crystallising the gain and incurring the tax liability. If bitcoin does crash, many investors will be affected as their once eye watering profits could be shattered. I'd re post the article here but I saw it on the site of a DFM so feel like there might be rules against that.
    • TrustyOven
    • By TrustyOven 7th Nov 17, 10:07 PM
    • 675 Posts
    • 718 Thanks
    TrustyOven
    but many will be unaware that CGT will be due on sale.
    Originally posted by chrisgg
    Oh! I didn't know that.
    That could become interestingly complex for people then.
    Goals
    Save £12k in 2017 #016 (£4212.06 / £10k) (42.12%)
    Save £12k in 2016 #041 (£4558.28 / £6k) (75.97%)
    Save £12k in 2014 #192 (£4115.62 / £5k) (82.3%)
    • zx81
    • By zx81 22nd Nov 17, 10:03 AM
    • 14,397 Posts
    • 15,194 Thanks
    zx81
    spam.
    Originally posted by Nathan Marley
    Reported....
    • 4 Pete's Sake
    • By 4 Pete's Sake 8th Dec 17, 12:27 AM
    • 243 Posts
    • 178 Thanks
    4 Pete's Sake
    Bitcoin is now valued at about $16,000 each. this is up about 200% in the last month. I certainly wouldn't buy shares in a company that had risen that much in a month, therefore on this basis I wouldn't buy a bitcoin. Just looking at the chart, there is a massive spike in the last month and I can't help but think that just like the dotcom bubble it is just waiting to burst.
    IF THIS POST HAS BEEN HELPFUL - PLEASE CLICK ON THANKS
    • 4 Pete's Sake
    • By 4 Pete's Sake 8th Dec 17, 8:59 PM
    • 243 Posts
    • 178 Thanks
    4 Pete's Sake
    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
    • jennyjj
    • By jennyjj 8th Dec 17, 9:18 PM
    • 226 Posts
    • 342 Thanks
    jennyjj
    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...
    Originally posted by angela2011
    Short answer.
    Be afraid. Be very afraid.
    Don't be a lamb to the slaughter.
    https://madblockchain.com/klcp

    JJ
    • slopemaster
    • By slopemaster 8th Dec 17, 10:22 PM
    • 1,437 Posts
    • 733 Thanks
    slopemaster
    Thanks, that gave me a good laugh
    • enjoyyourshoes
    • By enjoyyourshoes 8th Dec 17, 10:29 PM
    • 824 Posts
    • 1,005 Thanks
    enjoyyourshoes
    Why is anyone buying Bitcoin now concerned over CGT ?
    Debt is a symptom, solve the problem.
    • catoutthebag
    • By catoutthebag 8th Dec 17, 10:30 PM
    • 2,177 Posts
    • 478 Thanks
    catoutthebag
    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!
    • catoutthebag
    • By catoutthebag 8th Dec 17, 10:31 PM
    • 2,177 Posts
    • 478 Thanks
    catoutthebag
    The gains dawrf any cgt liability
    • Carrieanne
    • By Carrieanne 8th Dec 17, 11:42 PM
    • 75 Posts
    • 71 Thanks
    Carrieanne
    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.



    • theGrinch
    • By theGrinch 9th Dec 17, 8:14 AM
    • 2,790 Posts
    • 673 Thanks
    theGrinch
    investing? Ha...its more speculating/betting isnt it?
    "enough is a feast"...old Buddist proverb
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