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  • FIRST POST
    • talexuser
    • By talexuser 11th Jan 18, 11:16 PM
    • 2,403Posts
    • 1,903Thanks
    talexuser
    Bitcoin again.
    • #1
    • 11th Jan 18, 11:16 PM
    Bitcoin again. 11th Jan 18 at 11:16 PM
    From the Telegraph:-

    A Bitcoin conference has stopped taking the cryptocurrency as payment for tickets because of skyrocketing transaction fees and long processing time.

    "Due to network congestion and manual processing, we have closed ticket payments using cryptocurrencies," a note read on their website.

    The North American Bitcoin Conference is due to kick off in Miami next week, but anyone hoping to spend their Bitcoin on tickets, costing $1,000 each, will have to purchase one using traditional credit cards or PayPal.

    end of quote.

    What's the point of a currency if you can't use it?
Page 1
    • BananaRepublic
    • By BananaRepublic 11th Jan 18, 11:22 PM
    • 1,192 Posts
    • 874 Thanks
    BananaRepublic
    • #2
    • 11th Jan 18, 11:22 PM
    • #2
    • 11th Jan 18, 11:22 PM
    Itís the future innit. Old skool money is the past. Get wiv it bro.

    Your story is telling isnít it. How long before this farce implodes?
    • george4064
    • By george4064 11th Jan 18, 11:28 PM
    • 981 Posts
    • 1,035 Thanks
    george4064
    • #3
    • 11th Jan 18, 11:28 PM
    • #3
    • 11th Jan 18, 11:28 PM
    Whats Bitcoin?
    "If you arenít willing to own a stock for ten years, donít even think about owning it for ten minutesĒ Warren Buffett

    Save £12k in 2016 - #045 £10,358.81/£12,000 (86%)
    Save £12k in 2017 - #003 £12,427.51/£12,000 (104%)
    Save £12k in 2018 - #004 £3,484.43/£12,000 (29%)
    • sixpence.
    • By sixpence. 12th Jan 18, 1:40 AM
    • 138 Posts
    • 31 Thanks
    sixpence.
    • #4
    • 12th Jan 18, 1:40 AM
    • #4
    • 12th Jan 18, 1:40 AM
    They say when the bitcoin bubble bursts the market might crash. Good times ahead yo.
    • talexuser
    • By talexuser 12th Jan 18, 12:56 PM
    • 2,403 Posts
    • 1,903 Thanks
    talexuser
    • #5
    • 12th Jan 18, 12:56 PM
    • #5
    • 12th Jan 18, 12:56 PM
    They say when the bitcoin bubble bursts the market might crash. Good times ahead yo.
    Originally posted by sixpence.
    There might be something in that. The irony for me is the online Telegraph regularly has 2 , 3 or even 4 articles a day on bitcoin, how to buy. where to buy, what are alternatives, which although they mention risks, are more realistically ramping the hype, not unlike those articles describing the latest top of the table fund in glowing terms with a lonely last sentence about past performance not being blah blah.
    • NineDeuce
    • By NineDeuce 12th Jan 18, 1:19 PM
    • 827 Posts
    • 766 Thanks
    NineDeuce
    • #6
    • 12th Jan 18, 1:19 PM
    • #6
    • 12th Jan 18, 1:19 PM
    In theory this is the same as buying any foreign currency. If you were from a currency with a weak currency, then paying a transaction fee in Sterling for example might equal dozens of your own.

    Bitcoin is a bizarre phenomenon though.
    • fiisch
    • By fiisch 12th Jan 18, 10:57 PM
    • 283 Posts
    • 162 Thanks
    fiisch
    • #7
    • 12th Jan 18, 10:57 PM
    • #7
    • 12th Jan 18, 10:57 PM
    My son has just asked for £10,000 worth of Bitcoin for his birthday, to which I replied: "£10,872?! £11,632 is a lot of money. What do you need £13,732 for?"
    Save £6k in 2018: £1651.19 / £6000
    • ivormonee
    • By ivormonee 12th Jan 18, 11:15 PM
    • 165 Posts
    • 102 Thanks
    ivormonee
    • #8
    • 12th Jan 18, 11:15 PM
    • #8
    • 12th Jan 18, 11:15 PM
    My son has just asked for £10,000 worth of Bitcoin for his birthday, to which I replied: "£10,872?! £11,632 is a lot of money. What do you need £13,732 for?"
    Originally posted by fiisch
    Might be easier if he just asks/ or you offer an exact amount of BTC, eg. 0.75. Then you won't need to worry about the fluctuations.
    • robber2
    • By robber2 13th Jan 18, 12:11 AM
    • 352 Posts
    • 297 Thanks
    robber2
    • #9
    • 13th Jan 18, 12:11 AM
    • #9
    • 13th Jan 18, 12:11 AM
    Sense of humour failure alert ............

    Might be easier if he just asks/ or you offer an exact amount of BTC, eg. 0.75. Then you won't need to worry about the fluctuations.
    Originally posted by ivormonee

    I suppose it was a bit subtle.

    Rob
    • oz0707
    • By oz0707 13th Jan 18, 9:17 AM
    • 538 Posts
    • 147 Thanks
    oz0707
    Might be easier if he just asks/ or you offer an exact amount of BTC, eg. 0.75. Then you won't need to worry about the fluctuations.
    Originally posted by ivormonee
    pesky kids not being specific eh
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