Best Bitcoin rates?

83705628

pioruns said:

tcallaghan93 said:

RolandFlagg said:

It's only a small amount. I like a bit of everything in my portfolio. 1.5% is in Gold.

/
Gold and bitcoin are not investments so you cannot consider than as part of an investment portfolio, rather they are bets.

Repeat after me:

Bitcoin is not an investment. Bitcoin is not an investment...

Oops...

Damn, please call Bloomberg and Paul Tudor Jones (he is worth $5.1 Billion, but what does he know?) quick, you forgot to tell them that Bitcoin is not an investment, they must have made a mistake, of course.

/
I can't believe I'm even dignifying this nonsense with a reply. You Bitcoin Bros need to gtfo. This is a forum for people to learn about money, not to get ripped off or be lured into a cult of speculation.
https://youtu.be/nRI69UsBR3Y
https://youtu.be/QgrNYSQve8o

flannel2

Yawn. Thread is thoroughly derailed, 5 pages of comments and only one real reply. I specifically asked on this forum as I thought people were level headed.

83705628

I'm not criticising people who play with bitcoin for fun, you do you.

bowlhead99

tcallaghan93 said

Wrong and nonsense, were getting nowhere.
All this does it convince me I'm going to do very well by avoiding all this speculative twoddle

If you wanted to 'avoid all this speculative twoddle' there wouldn't have been much need for you to make 14 posts within the first 43 responses to the thread. You could have just acknowledged that you couldn't answer OP's question because you don't know what cryptocoin exchanges are most efficient for investors wanting to exit to pounds sterling, because you don't consider bitcoin to be investible and so have never dabbled. And then moved on. 

Instead, you're still here, complaining that you're not getting anywhere, and that you can't believe you're dignifying the posts with a reply, while still posting videos to support your assertion. Feel free to simply not dignify the posts with a reply rather than soldiering on in disbelief. 

In a dictionary, to invest is to commit (money) in order to earn a financial return. Although there are always lots of ways of getting a return (including by pure speculation) we generally draw a high-level distinction on this 'savings and investments' board between saving (depositing money and coming back for the money later, ideally with interest) and investing (exchanging your money for something else - an asset or contractual rights - so that you own the something else instead of the money, with the intention of getting income or capital proceeds from that something else in the future, so that you end up with money again, but a larger amount than you started). 

You can draw a distinction between long term traditional 'investment' vs 'trading', or 'investment' and 'gambling', and note that the range of returns from some speculative investments can be extreme and more like the returns from gambling or trading, where fortune plays a large part and the overall return may not be positive. That doesn't mean that gold, or commodities like barrels of oil or crypto assets or fine art could not be 'investment' under a definition - merely that if they don't 'grow' over time or pay an income, the return on the investment carries a high risk of being poor, so it may be 'a bit of a gamble'.

Not sure if you saw my earlier post in reply to your talking about people being f...... stupid:

As a side note, perhaps cool it with the f*** this and f****** that.  I'm quite partial to the odd expletive-derived acronym here and there for comic effect, we're all grown-ups and a few slips are understandable. But it's largely a family-friendly site. In the less than two weeks that you've adopted this place as your new home, you're comfortably into double figures on the f**** s.   Due to the human mind's excellent ability to 'subvocalise', even the most pious among us will still hear the word in our heads when you ashamedly blot out the word with asterisks.

I guess you didn't, as you are right back on the same thread with "You Bitcoin Bros need to gtfo".  Not the best way to get  yourself welcomed into a new (to you) online community imho.

For the OP:
Most of my trading has been done through Bitstamp, as they were once one of the most credible of the European sites in terms of legitimacy, with plenty of liquidity, and I have EUR and USD accounts to make or receive payments so wasn't too fussed that the experience wasn't perfect. I trust them, so went back to them several years later without a huge amount of shopping around.  They don't deal with a huge range of different crypto and there are now plenty of others with higher volume.

Binance as mentioned is one of the bigger ones and as Pioruns pointed out, is cheaper than some US-centric ones such as Coinbase. Unfortunately I'm not too well up on the very latest high volume exchanges that have low fees for GBP conversion and withdrawal, as have not really needed to do an exhaustive search for that service. If you didn't already have actual BTC to sell and were only casually looking to 'play the market' there are plenty of ways to do it without needing an exchange - you could spreadbet via somewhere like IG or use a multi-purpose broker like eToro with leverage. So a lot of people don't shop around a great deal to find the very best exchanges.

[Deleted User]

Getting destroyed by most reputable forum hero, bowlhead, like that... Your career on MSE forums is over.

83705628

pioruns said:

Getting destroyed by most reputable forum hero, bowlhead, like thattcallaghan93 said

Wrong and nonsense, were getting nowhere.
All this does it convince me I'm going to do very well by avoiding all this speculative twoddle

If you wanted to 'avoid all this speculative twoddle' there wouldn't have been much need for you to make 14 posts within the first 43 responses to the thread. You could have just acknowledged that you couldn't answer OP's question because you don't know what cryptocoin exchanges are most efficient for investors wanting to exit to pounds sterling, because you don't consider bitcoin to be investible and so have never dabbled. And then moved on. 

Instead, you're still here, complaining that you're not getting anywhere, and that you can't believe you're dignifying the posts with a reply, while still posting videos to support your assertion. Feel free to simply not dignify the posts with a reply rather than soldiering on in disbelief. 

In a dictionary, to invest is to commit (money) in order to earn a financial return. Although there are always lots of ways of getting a return (including by pure speculation) we generally draw a high-level distinction on this 'savings and investments' board between saving (depositing money and coming back for the money later, ideally with interest) and investing (exchanging your money for something else - an asset or contractual rights - so that you own the something else instead of the money, with the intention of getting income or capital proceeds from that something else in the future, so that you end up with money again, but a larger amount than you started). 

You can draw a distinction between long term traditional 'investment' vs 'trading', or 'investment' and 'gambling', and note that the range of returns from some speculative investments can be extreme and more like the returns from gambling or trading, where fortune plays a large part and the overall return may not be positive. That doesn't mean that gold, or commodities like barrels of oil or crypto assets or fine art could not be 'investment' under a definition - merely that if they don't 'grow' over time or pay an income, the return on the investment carries a high risk of being poor, so it may be 'a bit of a gamble'.

Not sure if you saw my earlier post in reply to your talking about people being f...... stupid:

As a side note, perhaps cool it with the f*** this and f****** that.  I'm quite partial to the odd expletive-derived acronym here and there for comic effect, we're all grown-ups and a few slips are understandable. But it's largely a family-friendly site. In the less than two weeks that you've adopted this place as your new home, you're comfortably into double figures on the f**** s.   Due to the human mind's excellent ability to 'subvocalise', even the most pious among us will still hear the word in our heads when you ashamedly blot out the word with asterisks.

I guess you didn't, as you are right back on the same thread with "You Bitcoin Bros need to gtfo".  Not the best way to get  yourself welcomed into a new (to you) online community imho.

For the OP:
Most of my trading has been done through Bitstamp, as they were once one of the most credible of the European sites in terms of legitimacy, with plenty of liquidity, and I have EUR and USD accounts to make or receive payments so wasn't too fussed that the experience wasn't perfect. I trust them, so went back to them several years later without a huge amount of shopping around.  They don't deal with a huge range of different crypto and there are now plenty of others with higher volume.

Binance as mentioned is one of the bigger ones and as Pioruns pointed out, is cheaper than some US-centric ones such as Coinbase. Unfortunately I'm not too well up on the very latest high volume exchanges that have low fees for GBP conversion and withdrawal, as have not really needed to do an exhaustive search for that service. If you didn't already have actual BTC to sell and were only casually looking to 'play the market' there are plenty of ways to do it without needing an exchange - you could spreadbet via somewhere like IG or use a multi-purpose broker like eToro with leverage. So a lot of people don't shop around a great deal to find the very best exchanges.

/
I believe it's important for people who understand that Bitcoin is not an investment to ensure that ordinary investors are not duped into considering it a real investment alongside equity, bonds or real estate. That's why.
As for pioruns response, I've already responded twice and they resorted to using survivor and confirmation bias I.e. "they got rich off Bitcoin so it must be a valid investment" 🙄

bowlhead99

tcallaghan93 said

I believe it's important for people who understand that Bitcoin is not an investment to ensure that ordinary investors are not duped into considering it a real investment alongside equity, bonds or real estate. That's why.

Someone using the moneysavingexpert forum created a post to enquire about what cheap service provider people would recommend for getting the best rate on an asset they were selling.  You responded by 'assuming they were joking' and acting with fake disbelief that anyone using this site would hold any bitcoins.  Pioruns just got on with giving the OP examples of services that could be used to sell their assets at low cost, while you started jumping up and down making sure that 'ordinary investors' weren't 'duped'.

The OP wasn't in danger of being duped about whether it was a good thing for him to have bought low before now selling high, just guilty of shopping around for the best venue - and thinking that people here who dispose of high values of assets all the time and discuss low cost services all the time might be well placed to suggest where that particular type of asset could be sold.

jonnygee2

Yawn. Thread is thoroughly derailed, 5 pages of comments and only one real reply. I specifically asked on this forum as I thought people were level headed.

Ah yes, you must be new    Welcome...

83705628

jonnygee2 said:

Yawn. Thread is thoroughly derailed, 5 pages of comments and only one real reply. I specifically asked on this forum as I thought people were level headed.

Ah yes, you must be new    Welcome...

/
🤣
We're better on the serious topics, promise.

83705628

It's beyond incredible that here I am talking complete and utter sense and I get mocked like Im a sore loser for missing out. The sheer depth of this cult's obsession with Bitcoin is worrying, but also fun, like watching videos of cats trying to understand celotape, or religious fundamentalists or flat earthers explain themselves.