JackClark

I知 starting to worry a bit. I can see ｣7500, but I just have this feeling that if it gets that high it値l crash, too many people holding/hodling not enough spending. I値l sell half at that point and buy myself a toy.

Tidgy

how many you got and what did you buy them at? purley being nosey so if you dont wanna say no bother

JackClark

Just over 1

2015-02-11 Received 1 BTC ｣152.98

I got the other small bits on Reddit when people were throwing them around, gave some away on here in the same way. Those bits are worth more than I paid for my 1btc now.

JackClark

Ah! There's another split at the end of the month, like last time whatever Bitcoin you have you'll get the same of the other one. Last one is now worth ~｣300.

Buying now gives a bonus later this month.

JackClark

Bringing us up to date

$6,100

JackClark

Hello $6,400 new all time high!!

JackClark

Sold half my BCH that was free with the last split, ｣160, that covers the purchase cost of my BTC. All free money from now on.

Tidgy

question is jack when ya gonna cash in hahaha

JackClark

That's a tricky one. No way I'm selling before the fork that's due any time, after that Bitcoin will drop again, I'll then trade the rest of my BCH for Bitcoin, that gives me a float above my 1 which allows me to spend/sell some and keep my vanity 1:21m, if I'm really clever I'll sell whatever I get from the fork for bitcoin at a good price too, who knows, it's so volatile but looking back on this year it's been an easy ride.

JackClark

Could be 7k by the end of the week, still climbing.

JackClark

$7k! Blimey, if anyone's thinking of getting in be prepared, it has to take a dive from these heady heights.

markr1963

Can someone explain this 'fork' thing in big letters for an absolute noob?

And is there a reason why Bitcoin is going nuts and other cryptocurrencies such as Ethereum and LTC are treading water?

JackClark

Bitcoin is based on a some code developed by a group of people, some other people want to develop something very similar to Bitcoin so they take existing code and take it in another direction, a fork. Now there are two of the same thing, anything that was in the code - including my bitcoin - is now in the fork so I have 1 bitcoin and 1 something else.

Does that help at all, I could probably look up a better explanation.

Bitcoin has the jump on the others, I don't have to travel far to be able to buy and use it in person, can't say the same for the others... yet. I thought BCH - from the last spit - was dead but it went up just before I sold half so there's some life in alt coins.

markr1963

Thanks, that helps, I think I guess I'll find out more when this fork happens.

JackClark

You bought bitcoin? My advice, don't rush into trying to cash out, it can go very wrong. I had to wait a good while for my wallet - bread - to enable me to move the forked coins and I think this one will be even more tricky due to technical things I don't fully understand, replay protection or something like that if you want to look it up.

markr1963

Bought a few hundred $AUD worth when Bitcoin was $2600 back in August. I'm not looking to cash out anytime soon.

JackClark

Nice!

JackClark

Bugger, I sold and everyone else bought! BCH doubled in price!! Still, my half a coin is now worth as much as the one I did have

JackClark

Thinks got interesting yesterday, the price of Bitcoin looked like it was pumped up to $7.5k due to the incoming fork, but that was cancelled and usual form would be a crash as everyone ran away, but it's hodling.

JackClark

Risky time to buy, and spending bitcoin is expensive right now. Hopefully the fees will settle down now miners are not split.

JackClark

There it is, down a grand in a day. Buy the dip.

JackClark

JackClark

Hold tight, will it hit 8k?

JackClark

Up 3k in 7 Days!

JackClark

There it is.

JackClark

$8500

JackClark

$9,000

10k for Christmas, no kidding I think people will buy some as a gift.

LSherratt

iTrader: (1)

Kicking myself for not buying when it was ｣900 lol. Never mind!

Jack, you should have persuaded me!!!!

JackClark

I know, I often think of your almost buy in. It痴 so risky but if you壇 bought every dip this year you壇 be quids in. Should have bought more myself.

Willowsdad

iTrader: (2)

I remember a delivery driver waffling on about Bitcoin about 5 years ago, saying he’d put a fair few quid on it and how it was going to be the future. I had no idea what he was on about. I bet he’s not making deliveries any more if he kept it up!