Backing the horses will see a better return...
'Thinking' people are getting into P2P lending,the stock market is so 'last year'!
:mrgreen:
'Thinking' people are getting into P2P lending,the stock market is so 'last year'!
:mrgreen:
Bitcoin
http://www.euronews.com/2017/10/12/bitcoin-booms-to-over-5000-dollars
.
Is this really an invisible intangible commodity (like the King's invisible suit), but which can be traded, whose value obviously fluctuates (so you can lose or gain from your entry point), or is it a scam which, when the largest holders sell vast amounts, will send your money into the ground, zero value, after they've made billions from zilch?
Personally I believe the latter, and that the founders are just waiting their time.
Am I the only suspicious cynical one?
What else can you do with this imaginary thing?
What have You done with it, and what are you doing with it now, and where do you see it going?
.
Is this really an invisible intangible commodity (like the King's invisible suit), but which can be traded, whose value obviously fluctuates (so you can lose or gain from your entry point), or is it a scam which, when the largest holders sell vast amounts, will send your money into the ground, zero value, after they've made billions from zilch?
Personally I believe the latter, and that the founders are just waiting their time.
Am I the only suspicious cynical one?
What else can you do with this imaginary thing?
What have You done with it, and what are you doing with it now, and where do you see it going?
1 - 18 of 18 Posts
I can even tell the exact time that bitcoin and other crypto currencies will crash. It will be the day that I decide to invest my money in them at their peak and within minutes as they have no tangible back up, they will simply crash and burn.http://www.euronews.com/2017/10/12/bitcoin-booms-to-over-5000-dollars
.
Is this really an invisible intangible commodity (like the King's invisible suit), but which can be traded, whose value obviously fluctuates (so you can lose or gain from your entry point), or is it a scam which, when the largest holders sell vast amounts, will send your money into the ground, zero value, after they've made billions from zilch?
Personally I believe the latter, and that the founders are just waiting their time.
Am I the only suspicious cynical one?
What else can you do with this imaginary thing?
What have You done with it, and what are you doing with it now, and where do you see it going?
Tony
It’s better to hold bitcoin yourself rather than invest in it on the stocks. You can even create your own bitcoin, but you need a very powerful PC to do so.
Its starting to take off as Amazon now accept them and so do PayPal.
Its starting to take off as Amazon now accept them and so do PayPal.
So what exactly is it?
What do you mean you need a powerful PC Ian, why?
.
What do you mean you need a powerful PC Ian, why?
.
A simple guide to why.So what exactly is it?
What do you mean you need a powerful PC Ian, why?
.
http://www.investopedia.com/articles/investing/043014/what-bitcoin-mining.asp
As usual, those in early reap the rewards while those in last pay for them.
All too risky for me. If you want to run your own "wallet" rather than use someone else's "bank" you can download the software. I tried this as a dummy run and using 38 Mbps download speed it took 28 hours to load the wallet and check all of the transactions/synchronise from day 1. Fine, you may think, now I am up to date but as soon as you log off you start at square one again. Another day and a half to load and verify.
No way I would leave my PC connected to the net for all and sundry to hack into. (Not that I have anything open stored on it.)
All it takes is for a few heavy hacks of the crypto banks or several reasonably sized countries to ban the use of them and it's goodnight Vienna.
I would rather my money was in companies with tangible assets.
Tony
As we speak 1 bitcoin is worth approx $5000+, 15-20 years ago bitcoins were worth up to $10 each and weren’t very well known about, so if you’d bought any bitcoins in the late 90’s you’d be sitting on a small fortune right now.
There was an initial rise and fall and a rise since. I was offered the idea to buy two years ago by a colleague mining it, but I didn't understand so didn't. Hm.
Popular with the likes of Silk Road and Hewlett Packard. Exciting stuff. Imagine a decentralised money system used globally, all anonymous.
Something has to go wrong but I think there might be a couple of years left for a gamble. Hm.
Popular with the likes of Silk Road and Hewlett Packard. Exciting stuff. Imagine a decentralised money system used globally, all anonymous.
Something has to go wrong but I think there might be a couple of years left for a gamble. Hm.
G
Don't you feel sorry for the guy who threw out his computer's hard drive seven years ago which had 1,400 bitcoins stored on it. He paid just $25 but they would now be worth $4.8 million.
http://www.dailymail.co.uk/news/article-4543488/Man-throws-Bitcoin-hard-drive-worth-4-8billion.html
http://www.dailymail.co.uk/news/article-4543488/Man-throws-Bitcoin-hard-drive-worth-4-8billion.html
It is "mined" by your computer solving very complex algorithms - it takes vast amount of processor time to return a small value of Bitcoin even if you were using a snazzy desktop with an i7 processor. You're energy costs will probably outweigh what you earn.
This is true. The people I know who do it hire servers in china or anywhere that power is cheaper. There is also hardware designed specifically for bit chain chomping.It is "mined" by your computer solving very complex algorithms - it takes vast amount of processor time to return a small value of Bitcoin even if you were using a snazzy desktop with an i7 processor. You're energy costs will probably outweigh what you earn.
Here's the getting started guide to building Bitcoin hardware. This time next year - we'll all be millionaires.
It's certainly been an incredible journey for bitcoin this year:
http://www.bbc.com/news/business-42457983
.
Are there other virtual currencies?
.
http://www.bbc.com/news/business-42457983
.
Are there other virtual currencies?
.
Loads of it.
https://coinmarketcap.com/all/views/all/
If you had Neblio today you would be worth 64.77% more.
Ethereum is the new hopeful, so say the cryptocurrency pixies.
Value is a very very strange thing to me.
https://coinmarketcap.com/all/views/all/
If you had Neblio today you would be worth 64.77% more.
Ethereum is the new hopeful, so say the cryptocurrency pixies.
Value is a very very strange thing to me.
Jump over quick, this one can only go up!: http://www.bbc.com/news/business-42602038
.
Time to sell Bitcoin.
I'm just amazed how people put money into something they can't touch or smell or see.
But, here we are, some have become very rich.
Until the little boy tells them the King is in the altogether!
.
Time to sell Bitcoin.
I'm just amazed how people put money into something they can't touch or smell or see.
But, here we are, some have become very rich.
Until the little boy tells them the King is in the altogether!
It's particularly handy for times when you buy and sell and don't want to have all the bother of tax and paperwork going on as well, or if you're buying illegal merchandise or products and don't want to leave any evidence of purchasing it.I'm just amazed how people put money into something they can't touch or smell or see.
Someone has an inkling that this flying piglet might be coming home to roost...
http://www.usatoday.com/amp/109566450
.
http://www.usatoday.com/amp/109566450
.
It's interesting that in about 100 years all bitcoins will have been mined but the currency can continue.
No reason why it can't become very valuable. Fascinating.
No reason why it can't become very valuable. Fascinating.
1 - 18 of 18 Posts
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