The_Grateful_!!!!! wrote: »
I would like to see Martin run a feature on cryptocurrencies.
Dismissing all of them as something frequented only by criminals is legacy thinking.
For example, Ripple is being backed by the world's biggest banks and
Ethereum is backed by JPMorgan, Intel, Microsoft And many others.
It is an incredibly volatile market that is still in its infancy, but it is something that we should be watching very closely because make no mistake blockchain will transform the financial industry.
The fact that you could purchase 1 Ethereum coin for $8.51 in January this year and 6 months later cash out for $400 shows that early adopters and risk takers are making a lot of cash.
Yesterday a startup used Ethereum to raise $150 million in three hours.
This is a topic that will go mainstream later this year and would be great to see Martin leading from the front.
FREEBIELOVER247 wrote: »
at the moment bitcoin is still growing (market price) aslo its growing tech wise ,more and more tech companies,banks and governments are looking at bitcoins pros and cons.As for the someone on here saying that bitcoin is untraceable,IT ISNT ,its there for evryone to see on the blockchain(its a ledger) which shows ALL transactions,its only untyraceable if you use something like a vpn and bitcoin tumblers,the notion that biotcoin is untracable is only half true because it isnt automatically untracable,you have to take stapes to make it that way,also the thing about it being used by criminals is stupid because fiat currancy is also used by criminals so should that be band too?Incidentally cex and scan.co.uk both accept bitcoin,amongst others.Anyz back to your original question,yes at the moment its profitable but at the moment your best bet is probably ethereum,its still relitavley low price wise but is going up a lot,its now the second largest cryptocurrency(ethereum is invested by microsoft ,amongst others)Hope this info helps one way or another
aduffell wrote: »
I bought £10 in March. It's now worth £24 in August.
Yes, I wish I had invested £1000, but then it could have crashed - always a risk.
My advice - Don't invest money you can't afford to lose!
scaredofdebt wrote: »
The interesting thing with Bitcoin is that it is finite, there will eventually be a time when there are no more to be "found" - so what happens to the price then? This has never happened with any other traditional form of currency that I am aware of, even gold is still to be mined.
majorwally wrote: »
I was offered 100 bitcoins at £1each in 2010 I think it was and now I read its worth £2,500
So I'm a bit gutted as you can imagine.
But is it all as it seems?
I see many stories about people holding massive wallets but not many seem to be selling and getting the money in their bank accounts.
Are they really getting paid out as being totally selfish I'm hoping it's all a scam but knowing my luck it's not.
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