JackClark

If he only chucked a tenner at it that's almost 10k, kind of mad.

JackClark

Come on!!

JackClark

Fits this thread.

JackClark

Holy ****, still going.

stevebt

iTrader: (8)

I wouldn’t be hanging onto mine if I had some as it can’t keep rising like this for long.

JackClark

A year? 😀 Buy the dip.

stevebt

iTrader: (8)

Told you that you should be selling, dropped $1400 since yesterday.

JackClark

You should have said when to buy in again as well.

If I didn’t just get a Dentist bill I’d chuck £100 at it.

Tidgy

11k down to 9k, question is is the bottom gonna drop out of it now?

JackClark

That was the question at 1 - 3 - 5 and 7 if we'd bought the dip.....

Tidgy

found out its mega risky though, mate had 1.25 bitcoins, he gave .25 to a mate, then lost the rest when one of the markets was shut down

JackClark

If your holding coin in an exchange you're not doing it right. Mine's risky enough on my phone, someone could steal it while I sleep.

JackClark

11k that's 10k straight profit had you bought one at the start of this thread in Jan. Crazy stuff.

JackClark

LOL.

JackClark

I’m thinking about buying one of these https://ledger.zendesk.com/hc/en-us next dip I’ll try to time it right and buy with Bitcoin. Not sure how the fees are right now.

joz8968

iTrader: (13)

Dingdonger, as Delia Smith once famously bellowed... "Where aaare yooooou?!"

Dingdongler

On my way lol.

Slowly reading through all the pages of this thread. I'll have loads of questions for Mr J Clark in the morning

JackClark

I don't have many answers but will try. I'm playing the easy buy and hold game, the really clever people are shuffling coins like a card shark and making and losing a fortune.

Dingdongler

Thanks. I have so many questions that I need to do my own research, it wouldn't be fair to bombard you with all of them. However here are one or two....

1) How do people who are advocates of cryptocurrencies argue that they can really be a viable currency if they are subject to so much volatility?

2) Do you believe what they say that only a finite amount can be 'mined'?

3) How did you buy yours and what measures have you taken to ensure that it isn't stolen.


If I jump in it will be a medium term investment. I have neither the skills nor time to trade it.


Cheers

JackClark

1) It depends on the speed of transaction, if it’s super quick and not too pricey, it’s not too risky to lock-in a buy or sell price. That doesn’t make it a currency, just something you can spend and receive as well as being a store of value, which sounds like a currency

2) That’s very true. At that point it’s all about getting paid for transactions, maybe stability.

3) Bank transfer via Bitilicious, friends have bought from Coinbase and Local Bitcoins.

Neanderthal

iTrader: (6)

Has the ship sailed on these or is it worth getting on?
I haven't got ££££'s to spend though. Can you buy fractions of a coin?

JackClark

You can buy 10p worth of Bitcoin. Every dip since January it's been said the ship has sailed, every time they were wrong. That's not to say the next one will not be the BIG one

Neanderthal

iTrader: (6)

Thanks Jack
Is eTuro a good place to buy them?

JackClark

Never heard of them.

Neanderthal

iTrader: (6)

oh, google has them ranked #1 for bitcoin trading? followed by avatrade.

eTuro have a $25 commission charge though!

JackClark

Ah! eTORO, never used them.

Dingdongler

Thanks

Dingdongler

Look into Ripple. That has a much lower buy in cost and seems interesting.

albob

I looked at eToro, but found it a bit complicated (I don't think they are an 'exchange' ??) - now looking at CoinBase

This put me off....!

"Etoro has classified bitcoin as a stock on its platform, partly because it wanted to familiarise users with the cryptocurrency. ... The platform trades bitcoin on a 'contract for difference' basis, which means users buy and sell financial derivatives that track the BTC price without actually owning the underlying asset.."

=====

JackClark

Yup, don't get involved with that, a mate on another similar platform had them sell his 'Bitcoin' when it was pushing through 10k, buy from somewhere like Coinbase and immediately get the coin into your own wallet. I use bread but there are many, just make sure you are the only one with the Private keys/Passphrase.