bitcoin trading.

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?

jennyjj

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

jennyjj wrote: »

https://madblockchain.com/klcp
JJ

Thanks, that gave me a good laugh

enjoyyourshoes

Why is anyone buying Bitcoin now concerned over CGT ?

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

The gains dawrf any cgt liability

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

investing? Ha...its more speculating/betting isnt it?

catoutthebag

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

novelty-socks

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.