| Anybody boarded the Bitcoin Bandwagon? 01:33 - Nov 29 with 2351 views | FredManRave |
It's in the news alot these days and this week the value of one Bitcoin reached 1.000USD. That in itself is astonishing when you realise that it's value as recently as 10 months ago was 25USD. From what I've read and understand about it, it's not exactly straight forward, hashes, addresses, mining, wallets, etc, but there's no doubting that it will have given alot of people a huge return on their initial investment assuming they've cashed in this year.
So I was just curious to know if anybody on here has mined or bought any Bitcoins and if so if they did so to actually use it as a currency and as such take a long term view and actually pay for goods with it due to "ease" and low costs or was it nothing more than a "stock" purchase with a view to make a quick profit - and what a profit.
Extremely volatile though. I think I'll wait for it's next dip which should give me time to understand it all a bit better. Can't help but feel that it's a missed opportunity though.
http://www.bbc.co.uk/news/technology-25130261 [Post edited 29 Nov 2013 1:42]
|  |
| |  |
| Anybody boarded the Bitcoin Bandwagon? on 01:44 - Nov 29 with 2324 views | Kendo_Nagasaki |
I bought a hundred quids worth about a year ago
not for an investment just ..because I did |  |
| Psycho killer Qu'est-ce que c'est? |
| |
| Anybody boarded the Bitcoin Bandwagon? on 01:50 - Nov 29 with 2329 views | Brightonhoop |
Unless you bought pre 2008 it's not an investment, wildly fluctuates, but good for under the counter transactions still but cast iron y fronts required. |  | | |
| Anybody boarded the Bitcoin Bandwagon? on 01:51 - Nov 29 with 2317 views | Kendo_Nagasaki |
I'll chip into anything that destabilizes the Dollar | |
| Psycho killer Qu'est-ce que c'est? |
| |
| Anybody boarded the Bitcoin Bandwagon? on 08:47 - Nov 29 with 2225 views | Pommyhoop |
Way way over my head.. |  |
| |
| Anybody boarded the Bitcoin Bandwagon? on 09:25 - Nov 29 with 2177 views | Pommyhoop |
HA !!
 | |
| |
| Anybody boarded the Bitcoin Bandwagon? on 11:36 - Nov 29 with 2111 views | NathanNI |
I've a mate who bought 28 years ago. Reckons he is on around 18k at the moment. |  | | |
| Anybody boarded the Bitcoin Bandwagon? on 12:29 - Nov 29 with 2061 views | MrSheen |
I've got some tulip bulbs for you...you can't lose. |  | | |
Login to get fewer ads
| Anybody boarded the Bitcoin Bandwagon? on 13:42 - Dec 18 with 1855 views | Brightonhoop |
Good time to buy I guess. | | | |
| Anybody boarded the Bitcoin Bandwagon? on 13:48 - Dec 18 with 1839 views | MrSheen |
| Anybody boarded the Bitcoin Bandwagon? on 13:42 - Dec 18 by Brightonhoop |
Good time to buy I guess. |
About the only useful motto I've picked up from a career in fund management is, "Whatever you pay, you can always lose 100%." | | | |
| Anybody boarded the Bitcoin Bandwagon? on 14:21 - Dec 18 with 1808 views | pomanjou |
| Anybody boarded the Bitcoin Bandwagon? on 12:29 - Nov 29 by MrSheen |
I've got some tulip bulbs for you...you can't lose. |
Bitcoin, modern day Ponzi/Tulip. |  |
| |
| Anybody boarded the Bitcoin Bandwagon? on 19:48 - Dec 18 with 1659 views | queensparker |
Can anyone explain, in say 100 words or less, how the hell these actually work?
I've read loads about them and am still utterly clueless as to how they are created. |  | | |
| Anybody boarded the Bitcoin Bandwagon? on 08:52 - Dec 19 with 1523 views | pomanjou |
| Anybody boarded the Bitcoin Bandwagon? on 19:48 - Dec 18 by queensparker |
Can anyone explain, in say 100 words or less, how the hell these actually work?
I've read loads about them and am still utterly clueless as to how they are created. |
This article is worth a read for anyone who is tempted. If you dont have time to read the whole article scroll down to the last PARA.
http://www.investorschronicle.co.uk/2013/11/28/comment/mr-bearbull/the-bitcoin-p
THE LAST PARA.
So which is bitcoin - a quasi-currency we should take seriously or a speculative bubble? A bit of both, though much more of the latter. True, its very existence is a timely reminder to central bankers of the damage they may be doing, That in itself is a useful function. But remember this - like the paper money that the bankers print so freely, a bitcoin has no intrinsic value; it has no claim on a chunk of assets or a stream of income. It is worth only what you reckon others reckon it is worth. Could there be a better definition of a bubble? [Post edited 19 Dec 2013 8:57]
| |
| |
| Anybody boarded the Bitcoin Bandwagon? on 10:27 - Dec 19 with 1463 views | collegeranger |
A couple of friends bough 200 coins each about this time last year. I was tempted as it was £300 or so. But I wasn't brave enough. Both have kept all of them and can do the maths!!! One is selling he told me at $1000 so I guess he is done and he will use proceeds to pay off mortage and pay CGI's on it. The other one bought more and is sitting on £600K!
Doh!! |  | | |
| Anybody boarded the Bitcoin Bandwagon? on 10:35 - Dec 19 with 1455 views | Metallica_Hoop |
I always think of Bit Corp.
 |  |
| Beer and Beef has made us what we are - The Prince Regent |
| |
| Anybody boarded the Bitcoin Bandwagon? on 11:52 - Jan 8 with 1103 views | wombat |
| Anybody boarded the Bitcoin Bandwagon? on 10:35 - Dec 19 by Metallica_Hoop |
I always think of Bit Corp.
|
still have no bloody idea how these things work how u buy or trade them and do they work in fag machines for 20 b+h gold on a saty night |  |
| |
| Anybody boarded the Bitcoin Bandwagon? on 14:34 - Jan 8 with 880 views | essextaxiboy |
Too close to retirement to take the risk and although investing is my hobby the mantra "dont invest in something that you dont understand " would put me off anyway . |  | | |
| |
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
