JackClark

Remind us why you're commenting on this thead

JackClark

Worth a watch, prepare for Monday

JackClark

Very interesting twist, this could be huge or bull****, I think huge.

https://www.reddit.com/r/Bitcoin/com...AW&sh=6884046c

dpb

https://www.google.co.uk/amp/s/www.b...ology-42265728


Really useful

Neanderthal

iTrader: (6)

I'm wishing I split the money I invested in Bitcoin & Litecoin differently! 44% profit on Bitcoin, 147% on Litecoin!

JackClark

Friend was raving about his Litecoin last night, that's a massive increase, any reasoning why?

Neanderthal

iTrader: (6)

I'm thinking people are seeing it as the 'new bitcoin' and as been as you could get a whole litecoin for £100 last week they're jumping on it?

JackClark

Most likely, a lot of people still don't know you don't have to buy a whole bitcoin.

Neanderthal

iTrader: (6)

I think I got on Bitcoin at it's height, it's creeping up gradually but it's not the meteoric rise from Jan this year.
Litecoin is now 174% from last week.

Neanderthal

iTrader: (6)

Litecoin 256% from last week!
I fully expect it to have dropped like a stone when I get in to work tomorrow.

JackClark

That's a good week!! I'm just trying to extract my Bitcoin Gold, well looking at options to do so, so far too much of a ball ache. Would sell that for something else.

JackClark

https://www.reddit.com/r/Bitcoin/com...M9&sh=a4b65281

Neanderthal

iTrader: (6)

I'm struggling to hold on to my litecoin, it's still in profit (just).

JackClark

Whats a good Litecoin chart? Is it on Yahoo?

JackClark

The price of BCH keeps reminding me to hodl.

Neanderthal

iTrader: (6)

I'm just using coin base mate

Neanderthal

iTrader: (6)

Still up from last week, I guess it's settling itself back down to its proper level.

JackClark

Just looked at sending a few grand to cash out, charges were very high, less than any other currency exchange but still a bit much. I hope they work on that.

JackClark

Good to see 19 again. Every time I think of selling a bit.

JackClark

I bought a trezor wallet with bitcoin. Felt great, I’d been waiting for 19’ish so I had enough in change. £95 inc £20 fee! That’s high but who cares.

JackClark

Link for the interested https://trezor.io

Payment took about an hour which kind of sucks, bread's a good wallet but you just have to suck up their transaction choices.

JackClark

Simplistic but here goes.

Bitcoins work by lots of computers doing serious maths to make sure your buying and selling are really well documented. They get paid to do this math and you get your transactions on the blockchain where anyone can see them removing doubt and middle men.

You get them by buying them. If I hadn't spent my change I could sell you some, anything down to a few pence, but don't forget you have to pay to send the bitcoin. This cost varies by how many transactions you do and how quickly you want payment to happen. You spend them by scanning QR codes, a comment above you can see a device I just bought and have a go at paying to see it in action.

Go with a big exchange like Coinbase, I used Bitilicious, but there are tons of other big names. Watch out for pyramid schemes doing the rounds on Facebook and the like, you want to buy Bitcoin not earn commission. Remember there will be a record of your purchase so prepare to pay tax if you make a profit.

JackClark

****! I was on the wrong page and someone asked what Bitcoin is how to get some. Typed the above, not deleting it now! Doh!

pauld37

Help me Jack, been reading the whole thread and didn't have a clue what the hell was going on!!
Thanks

JackClark

Coinbase just gave their customers access to their Bitcoin Cash - BCH.



Bit gutted I sold half of mine to cover my initial investment but still very nice.

Neanderthal

iTrader: (6)

Tempted, although Coinbase have temporarily disabled bitcoincash transactions

JackClark

Saw talk of that on Reddit, must have been overwhelming. I wish I hadn’t sold, I threw a grand away last month in today’s money paying back my initial BTC investment of £150, and I thought I’d scored.

I can’t wait to get mine off my phone, the wallet I have stinks. Back order on the Trezor till Feb, I wonder what I will have paid for that when I receive it 😀

Neanderthal

iTrader: (6)

Everything's dipping again, tempted to hop back on!

JackClark

For once I sold at the right time, pretty sure it was 19k.

Wow! That's a huge dip!! Everyone who said they wish they'd bought at that price will be jumping in, plus Christmas gifts, or not

JackClark

I'm seriously considering heating my new shed with a mining rig https://www.coindesk.com/winter-is-c...at-and-profit/ hot water in the shed would be pretty handy, ghetto jacuzzi maybe.