Re: Bitcoin
 

You'd be surprised. Why ban it if no-one were using it?

Re: Bitcoin
 

There was some article a few months back saying a third of new investors to Bitcoin were using credit cards. As to if that was just with Coinbase or a particular country, I cannot remember.

Using credit cards for money or money related stuff usually has extra charges too, so not the best way of doing it.

Some people remortgaged their home to get some equity to put in to Bitcoin. Goes way beyond the general rule of only investing what you can afford to lose.

This current dip is harsh but those in to crypto's early in 2017 or earlier are still a huge percent ahead than they were. Just lost some of those gains in the last month.

Re: Bitcoin
 

Trying to guess when the dips are going to be is hard, i got it wrong and lost out, but i expect it to go up and i will be making a profit in 6 months time.

Just need to consider buying more while the prices are low, especially on the cheap ones like Ripple which cost 0.72 euros today.

Re: Bitcoin
 

Buying low doesn't always work without considering background and future forecasts. Even then it's a minefield.

The credit card companies banning purchases will affect the price in the future as it depresses speculation buying.

Re: Bitcoin
 

Remember dips are only dips if they later recover.

Re: Bitcoin
 

Absolutely.

Re: Bitcoin
 

Re: Bitcoin
 

Just said it because there is a lot of 'buy the dip!' around at the moment but people were saying that when it was at £10k......

Re: Bitcoin
 

i thought buy the dip was when you got a bag of doritos.

Re: Bitcoin
 

I was just looking to see if there were any mining posts and come across this post from a long time ago and had to say how wrong this turned out to be

I had a bash when it first all started and had the same opinion as Paul did here . My goodness I am kicking myself now

$47K per coin . At the start you could buy them for a quid

Re: Bitcoin
 

There is a big difference between mining them when bitcoin first started, and now (or even 2017, when that was posted) - the chances of actually mining one are small, and the costs high.

Re: Bitcoin
 

now it is impossible to mine Bitcoin it is pretty much all done by investment. Mining and holding has made a fair few people very rich so for them it certainly was not a waste of time or money and with ETH now it looks like it could be very profitable. People mining now could very well be rich in a few years

Re: Bitcoin
 

I've just purchased over 6million Safemoons which is a new altcoin that the market are talking about, so thought i would take the risk and get in early as it only cost me $60, so if/when it goes pair shaped and i lose it all it won't matter, but if it eventually goes the way of Dogecoin then it'll be fun!

Anyone else done anything like this for very little cost?

Re: Bitcoin
 

I had €501 in an account i had never purchased any coins with so took the risk an hour ago and bought 851 Dogecoins, it's already made a €6 profit, i like this game.

Disclaimer... only invest what you can afford to lose and i always expect to lose it.

Re: Bitcoin
 

Millionaire in a year