Bitcoin
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- nocomply-2
I'm gonna do it! I'm stepping into the game.
Not so much to make money, but to learn.
I don't know much, so my plan is to throw $100 into Coinbase and just kinda see how things go. If I get more comfortable I may invest more.
Personally, I expect the market to continue its correction over the coming days so I may not invest just yet.
Anyone else use Coinbase? Is it good? Does it suck? Am I doing it wrong??
- DaveO-1
A mate of mine took out a £10k loan, put it into bitcoin, sold today as it started to dip and walked away with £12.5k clear profit.
Can't work out if he's mad or a genius.
- A mad genius? Those are the best.Longcopylover
- Bitcoin just a smash & grab situation confirmed.grafician
- I think the word you're looking for sis 'lucky' could have easily had his fingers burned.shapesalad
- He was lucky, and maybe had some intel. Its a totally made up asset! Slot machine for rich people! How can society ever use a currency that is so volatile?DaveO
- He's mad because he didn't have the money to gamble in the first place.zarkonite
- It was risky but it paid off. Sometimes no risk no fun in life. Also it’s not like he got the loan from a loan shark.NBQ00
- Well the numbers don't add up? 10+12.5 is not 30k+ Also never borrow to invest, oh wellgrafician
- I never said 30k did I? I think his position went up to 20k earlier, then he sold and then it went up again. Then dropped!DaveO
- shapesalad-5
- spoilers... they didn't invest in bitcoin at all, but still retired at 39.shapesalad
- thought i think their index fund strategy has had the benefit of a bull market run...shapesalad
- Wow downvoters must be jealous.shapesalad
- Bennn-2
It seems to go up again, but I'll wait a little more before going back in. What are you guys doing?
- Waiting for a serious crashzarkonite
- Holding. But I am way the fuck up. I have held through many storms.nb
- Like nb I survived the 17 crash this is nothing but a scuff. Green on greenAQUTE
- Waiting for your next updatemonospaced
- NBQ00-1
Programmer has two guesses left to access £175m bitcoin wallet: https://www.theguardian.com/tech…
Stefan Thomas is not the first person to forget a password, but memory lapses are rarely so potentially costly.
- omg...Bennn
- IMAGINE how pissed!DaveO
- But like that’s the great thing about crypto man, it’s not centralized so nobody has control of your money!_niko
- DRINK_YER_OVALTINEmg33
- Pay Darren Brown £1m to hypnotise you and dig out the password from the depth of your brain you fool! If that doesn’t work. Pay the worlds number 1 hacker £2m.shapesalad
- crazyGuyFawkes
- yeah fuck that, I'd be so mad lolernexbcn
- id go crazyBennn
- Bank would never do this.monospaced
- He could easily give the decrypt firm a 10%-20% of this if they can decrypt it within months and he’d still have over £100MNBQ00
- If he doesn‘t do that he‘s a fucking moron.NBQ00
- it's just money - delete the wallet and go on with lifeapi
- It's just approx £175MNBQ00
- stoplying0
So is Ethereum a "safer" choice over BTC? Or both have potential equal risk/reward?
- Noone knows actually. But to diversify, I supplemented my bitcoins with ethereum and bitcoin cash.Longcopylover
- Bitcoin is just more hyped, means more gain but also more loss possibleLongcopylover
- mg33-1
Total newb here but had a great conversation with a friend over the weekend who is deep into bitcoin and at that point where he might not have to ever work again if he played his cards right.
He was telling me about XRP and I've been reading up on it. Are any of you into that and curious how the SEC lawsuit will pay out? My friend's prediction is that it's destined for $10-$20 within a couple years. Not sure if that takes into account the lawsuit, but it's been interesting to read about it and its potential.
What say you?
- nocomply0
Well screw it. I needed a distraction so I invested just now:
* $25 on bitcoin
* $25 on litecoin
* $25 on XRP (was looking at it and then after what mg33 said, I was like, fuck it, I'll throw in.)Might do another $25 on Ethereum to round it out.
Now I can watch the market every 2 minutes like a weirdo.
- I know nothing, but I still predict the market to drop back to mid-December, 2020 prices soon. That's when I'll invest more. Just learning for now.nocomply
- What is your transaction cost to trade those coins? I though it cost ~$25 just to buy/sell. But maybe cheaper now?monNom
- throw more on XRPsted
- $1.49 fee on each $25 transaction. The XRP seems like it has the biggest upshot, but who the hell knows? Definitely not me. LOL.nocomply
- don't get emotional. $5isaca
- You may be able to buy a nice bicylce in 3 years with that investment! Congrats :DBennn
- :))))sted
- So even if the price doubles up, which would be bonkers big, you are only up $25. Dude. Make it worth it or don’t.monospaced
- i was deep on xrp but the SEC news fukt me. My bud that works in Crypto says it's trash. I think there are better alternativesBANKattack
- BANK - What's a better alternative? I've read a lot that says XRP is still looking good.nocomply
- mono - I'm going to invest some "real cash" the next time the market takes a big hit. Still believe it's coming back down.nocomply
- yeah, you kinda have to if you're gonna play at all.monospaced
- put in what you can afford to lose dude, don't listen to us idiots here.GuyFawkes
- or buy some cheap shit like XRP or MANA,GuyFawkes
- still dont listen to usGuyFawkes
- Bennn0
My investment are back in Bitcoin since yesterday. This time I leave it all there and HOLD. If it takes 2 years to go back to 40K, so be it. It's going down but Iam still in profits. It can drop 25% more before I get in the red.
- so you're selling at 40k,
that's a good idea.sted - no, it was just talking about the ATHBennn
- Lol ! you’ve changed your thinking like three times this week but now you plan to sit on it for two years? Good luck with that! Hehehnb
- yeah i stopped visiting /bitcoins on Reddit. That place isn't good! lolBennn
- Bennn you said that already before and that you‘re going to let it sit few years, hahaNBQ00
- Also, it‘s not HOLD. It‘s HODLNBQ00
- i know, but this is time its true :) i'll HODL!Bennn
- i know, but this time its true :) i'll HODL!Bennn
- lolsted
- so you're selling at 40k,
- AQUTE0
I think it's "crashing" for the next month so we could see 24k or 21k ... Definitely would love to get in deeper :)
- I'm still in it. Hodl. I will add new money.AQUTE
- https://etoro.tw/35u… get your free 50 bucks to do what you want with my referral linkAQUTE
- No one know where it's going, its so funny to see everyone showing graphics and curves and analysis... no one knowBennn
- I agree. If/when we get back to these rates I'm going in for $500-1000 USD. Then I'll let it ride.nocomply
- Watching these spikes play out over the past 3 years makes me believe there will be another one. When it happens I'll be ready.nocomply
- this is the, only, wayBennn
- NBQ00-2
Jonny may have been onto something...
Is Tether Just a Scam to Enrich Bitcoin Investors?: https://newrepublic.com/article/…
Tether, the third-most widely held coin by value (Ethereum is second), is unique among its peers. In a market built largely on speculation, Tether is a stablecoin, pegged to the dollar at a 1-to-1 ratio. Tethers help provide liquidity and offer a widely recognized token that can facilitate transactions between various cryptocurrencies. In the world of crypto markets, they essentially act as a digital dollar, and they’re everywhere. On some days, Tether’s trading volume exceeds that of Bitcoin.
But the question that hounds Tether—and is the subject of an investigation by the New York attorney general’s office—is whether its most attractive quality is really just to artificially inflate the value of Bitcoin. In other words, is Tether actually a tool for cryptocurrency insiders to get rich on the market’s hottest—and highly manipulable—commodity?
- If it’s backed by dollars at 1 to 1, and it goes into Bitcoin... then it’s just dollars into Bitcoin?shapesalad
- Oh I read the article. Not sure why you’re downvoted. Yeah. Very murky. This is what puts me off crypto.shapesalad
- i am still on my self imposed time out... temperatures run hot when people are serious about their btc investments.jonny_quest_lives
- at the end of the day these are all unregulated exchanges answerable to no one all with opaque board members/ownership...jonny_quest_lives
- someone in here mentioned they entered the market cuz they were bored and wanted to check graphs... totally valid. low risk, low entry threshold.jonny_quest_lives
- probably best argument for putting money in... sounds more fun than wasting money on game dlc's or a bad video gamejonny_quest_lives
- i just have experience with some of the people within the cryptocurrency realm and it was fly by night grifter ville.jonny_quest_lives
- Bennn0
aaand back to 40K
- if this thing crashes, were all the money spent on it go?grafician
- To the people that sold.BH26
- Then they buy back at the bottom ;].BH26
- Right. if this happens, then why it crashes?grafician
- If you buy a car, and want to sell it on used car market, where does the car go when you drop the price 50% cos no one buys it 6 months?shapesalad
- That's what happens to bitcoin in the crash, the sale price drops. the money isn't going anywhere, it went before, when someone bought at 40k, someone else soldshapesalad
- Then when no one wants to buy at 40, or 39, or 38, etc, price rapidly drops until buyers come in. Money isn't going anywhere.shapesalad
- Heard mentality. Panic saleAQUTE
- I can cash out and make like $5 after fees!nocomply
- Let it get to 50k and make that 10 bucks lolAQUTE
- The example with the car is stupid - a real car can be "recycled" and still extract value. Bitcoin is just the heat from the mining farms - it just dissipates!grafician
- grafician-6
"The Bitcoin Dream Is Dead
Bitcoin’s recent 25% plunge illustrates why it will never be a true currency
Bitcoin was, after all, not designed to be a speculative asset. It was designed to be a currency, a new medium of exchange that people could, and would, use to transact daily business with each other. (That’s why we call it a cryptocurrency.) "
- Krassy3
Large bitcoin payments to right-wing activists a month before Capitol riot linked to foreign account
- Continuity3
Seems to be tanking again.
- NBQ001
After 8 years he’s still not giving up. - Man Who Lost Hard-Drive (in trash) Containing £230m Bitcoin Fortune Offering Council £55m To Dig It Up: https://www.ladbible.com/communi…
- Oh shit i remember this guy. He must be losing his mind right nowscarabin
- Indian landfill kids is the way to go with this one. Get a plane load of them over. £10k each. Life changing for everyone involved.shapesalad
- Yeah you want Indian land fill kids to die from hazardous trash and them digging like 10-20 meters deepNBQ00
- _niko6
when I have money in bitcoin but see Bennnn does too:
- LOLGuyFawkes
- we love you BennnGuyFawkes
- :))))))_niko
- explain to me, i dont get it :PBennn
- Eddie the Mush, just joking that as soon as you got into bitcoin it started tanking :) https://www.youtube.…_niko
- lol but I didnt get in it when it start tanking. I got into it in october. Iam still in profits :)Bennn
- DaveO0
The guy who threw away the bitcoin into the rubbish tip blows my mind. It's gone dude!
Even if he can remember the week, and they can locate the bin, and they can find a grid reference of where it was put...
HOW THE FUCK DO THEY INTEND TO FIND A USB STICK?
It's actually more complex than a needle in a haystack. Maybe we create a new term based on the sheer futility of his guy's endeavour.
- Time + Effort = Profit. You just go step by step. handful by handful.shapesalad
- Here's the plan, you go to indian and hire those young kids that live on landfill sites, 300 of them, you pay them each £10k, set them free on the landfill...shapesalad
- .. they will find it. and then back in india, they can break free of their miserable lifestyle.shapesalad
- Kind of ironic that he'd have to 'mine' his bitcoins againDaveO
- Shape, once again you must be joking or just no idea how hazardous & hard the landfill is and how deep they’d need to dig. Can only done with machines.NBQ00
- Also “racist”NBQ00
