Re: Bitcoin
 

Or £11,650 now...less than one month after you posted that :)


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
 

It is a bubble and all of them do, it's just a question of when. For every bit-millionaire there'll be a whole lot of losers.

Re: Bitcoin
 

It actually went up to £18,500 for a while yesterday and is now sitting at £16,000.

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
 

Be careful. If you do see a profit it's better to take one (albeit small) than hang on and be forced into accepting a loss, possibly huge.

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.

Re: Bitcoin
 

Oh when/if i do it i will be careful, it is worth a punt for anyone, even for £500.

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.

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
 

Must be a sign of age - mostly bitcoin, bingo and other gambling rubbish (free spins etc...) with a dash of Russian dating thrown in... :D

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).

Re: Bitcoin
 

Good luck. :tu:

Re: Bitcoin
 

I think I'll give bitcoin a pretty wide berth!

Re: Bitcoin
 

Ok i guess i can call my first Bitcoin purchase experiment a success.

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

Re: Bitcoin
 

Queue conspiracy theories about the mainstream financial institutions trying to control the flow of money etc to protect their own money making profits.

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