Bitcoins

Archi_Bald

VoucherMan wrote: »

Not to mention easier to hide from the wife.

Disgusting. Get a divorce if you need to hide things from your wife.

lvader

Archi_Bald wrote: »

Disgusting. Get a divorce if you need to hide things from your wife.

If he gets divorced she will no longer be his wife.

puk999

dryhat wrote: »

Nah.

re-wired is cool.

........ and for all the thanks they have given, have not received a single one back.

A model of altruism.

I love re-wired.

You're very relaxed! If I choose almost any post from you it is thanked by re-wired. I would be worried about this person why never posts and only logs on to thank your posts. They must really like what you are saying. I can't think of any other scenario that might explain this. Oh wait... :rotfl:

dryhat

puk999 wrote: »

You're very relaxed! If I choose almost any post from you it is thanked by re-wired. I would be worried about this person why never posts and only logs on to thank your posts. They must really like what you are saying. I can't think of any other scenario that might explain this. Oh wait... :rotfl:

I think you'll find that re-wired thanks many other posters besides just me.

... and if you think re-wired is me, well I know for definite that you are wrong.

principa

VoucherMan wrote: »

Not to mention easier to hide from the wife.

In keeping with the site I'm leaning towards the cheaper than plastic reason.

- its not cheaper than plastic though given its volatility... too many investors and not enough users at the moment. Is there a crypto currency which is designed to be more stable and not designed to make the early adopters incredibly rich?

davec1960

principa wrote: »

I have been following bitcoin for a few years but never used it.

Why would people buy it with their nation's currency in order to buy something that they could buy with their nation's currency? It appears to be completely superfluous??

They wouldn't.

However, consider a small company like mine that trades with eurozone countries and the US buying and selling.
Every international sale or purchase results in a cut for the bank in either currency spread or a transaction charge for either me or my suppliers/customers.
An internationally recognised currency that could be easily transferred would save me a worthwhile sum of money.

Unfortunately bitcoin and the like aren't at that stage yet and may never get there.
Volatility is currently too high to allow any business to use it on a day to day basis.

At the moment it seems to be a commodity for speculators. People are buying them on a belief that they will be worth more in the future rather than buying to use them.

percyabass

I think we are due a correction.

dryhat

davec1960 wrote: »

They wouldn't.

However, consider a small company like mine that trades with eurozone countries and the US buying and selling.
Every international sale or purchase results in a cut for the bank in either currency spread or a transaction charge for either me or my suppliers/customers.
An internationally recognised currency that could be easily transferred would save me a worthwhile sum of money.

Unfortunately bitcoin and the like aren't at that stage yet and may never get there.
Volatility is currently too high to allow any business to use it on a day to day basis.

At the moment it seems to be a commodity for speculators. People are buying them on a belief that they will be worth more in the future rather than buying to use them.

If you want to accept Bitcoin but not keep it , then using a Bitcoin payment processor shields you from the volatility and you do not even need to touch Bitcoin in order to accept it.

You price your goods in £, an exchange rate is applied and locked in and the processor takes Bitcoin from customer and pays £ into your bank account.

It couldn't be simpler and by offering another way to pay, you are opening up a new customer base.

redbuzzard

principa wrote: »

I have been following bitcoin for a few years but never used it.

Why would people buy it with their nation's currency in order to buy something that they could buy with their nation's currency? It appears to be completely superfluous??

What is it if not an exchange rate gamble? The gamble is on the number of buyers growing relative to the number of sellers. There are no fundamentals to analyse, no solid market interest rate to use as a yardstick as far as I know.

Supposing though that it is possible to borrow btc, I could bet in either direction. That just highlights the fact that I wouldn't know which direction to bet on.

I may lack imagination but I remain baffled. I can see however that at a certain level it could become disruptive.

dealer_wins

I would recommend buying bitcoin at £5 per BTC

Anything more than that has too much risk priced in!