Re: Bitcoin
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I have no doubt it's a bubble that will burst at some point but with btc's first futures exchange opening business on Monday, it probably has a way to go yet. Disclaimer: I am not a financial adviser and just a newbie in currency trading so don't buy anything based on what I say, unless it's ice-cream. I know my ice-creaml! |
Re: Bitcoin
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I am still planning on buying part of 1 coin, just need to sort ID out and link my bank account, hope i haven't left too late. |
Re: Bitcoin
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I'm getting loads of bitcoin related spam and I have no doubt that a great many people who can't really afford to lose money are being sucked into something they're going to regret. Time will tell. |
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Never had any Bitcoin spam, atleast not yet. |
Re: Bitcoin
I can't see it being too long before the bubble bursts. You may have left it too late for a punt. Just be careful.
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Re: Bitcoin
Bitcoin value is volatile and a big risk. Everyone is jumping on it because of the massive gains it's had, with a 'get rich quick' mentality. There is the chance it will lose a lot of value and if you don't take it out at the right time, you can make a loss.
LiteCoin (LTC) and Ethereum (ETH) are alternative crypto-currencies which people are investing in which are rising in value, just not at the mad rate of Bicoin. Maybe investing a small amount spare cash in to one of those may be a better option for those new to it, to get a feel of how it all works. They are going up in value at the moment. I know someone who brought just £80 of LTC yesterday and it's value today is £110 to £120. That kind of small investment to start and to monitor is better than dumping in tons of money when it's your first investment IMHO. |
Re: Bitcoin
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It's your choice of course and good luck but that's how pyramid schemes work, lots of small 'investors' get drawn in and lose fairly small amounts (mostly) whilst a few people get very very rich whilst they're thinking up their next money making exploit. |
Re: Bitcoin
Now testing the waters carefully with BTC as i have just purchased £100 worth of a bitcoin (0.008).
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Re: Bitcoin
I think I'll give bitcoin a pretty wide berth!
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6 days ago i bought £100 worth of a Bitcoin from Coinbase.com which included the transaction fee of £3.84. I have now just sold what i bought for £112.86 after the sale fee of £2.99 was deducted, so i would say a profit of £12.86 13% is not bad for a 6 day experiment. :) Kinda wish i had purchased the maximum weekly purchase of £750 now for my experiment, but i guess i can still chip away with small purchases and still make money and if it goes bad it won't be a great loss. |
Re: Bitcoin
http://www.bbc.co.uk/news/business-42940728
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Re: Bitcoin
Not really a problem you can still buy using a debit card or like i do use a sepa transfer.
Who buys with a credit card anyway? lol |
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