BitCoin / LiteCoin

[jonamv8]

Anyone trading these? Ridiculous bubble like gains, well from Bitcoin especially. Litecoin also going North.

Im in and profitable but theyre quite volatile!

[ringram]

HTH

http://en.wikipedia.org/wiki/Greater_fool_theory

[ringram]

Followed shortly thereafter by.. http://en.wikipedia.org/wiki/Winner's_curse

[Hoofy]

When you see threads on Bitcoins appear on PH and moneysavingexpert, you know it's time to sell up.

I'm wondering if anyone bought gold around 1700.

[Art0ir]

At the minute demand is outpacing supply, hence the volatility. Maybe when the amount in circulation reaches near peak, it will calm a little.

[jogon]

Hoofy said:

When you see threads on Bitcoins appear on PH and moneysavingexpert, you know it's time to sell up.

I'm wondering if anyone bought gold around 1700.

This. When Silk Road got closed down by the FBI a couple of months back Bitcoin plummeted to c£70 btc. It has since gone on a steady climb to £517. I don't see it going much higher tbh so you've probably missed the boat.

[Esseesse]

jogon said:

This. When Silk Road got closed down by the FBI a couple of months back Bitcoin plummeted to c£70 btc. It has since gone on a steady climb to £517. I don't see it going much higher tbh so you've probably missed the boat.

Yes, although I remember thinking the same when it made it over $200 a while ago.

[jonamv8]

haha I know!!! I'm not saying start investing heavily now I was just wondering whether anyone had done well out of them up to now. I know a few people who have.

[jonamv8]

Esseesse said:

Yes, although I remember thinking the same when it made it over $200 a while ago.

^^^^^^ THIS

[Hoofy]

I've heard rumours about someone I know making 6 figures from Bitcoins.

[Esseesse]

jonamv8 said:

Esseesse said:

Yes, although I remember thinking the same when it made it over $200 a while ago.

^^^^^^ THIS

A chart...

https://gold.net/chart/currency/BTCGBP/

I think the peak I'm thinking of is the one around the 6th of April.

I'd expect something similar with the latest peak. Drop back to around half it's current value (£250), stay that way for a while and then bubble again to something that makes the latest bubble look fairly miniscule.

I haven't put any money where my mouth is currently though. I looked at it after the ~$200 peak in April, however the amount of trust I felt I could put in the exchanges etc (sending them a bank transfer, wait 4 days) put me off. Perhaps things have improved since then.

[was8v]

I got 0.001 bitcoin free years ago when an exchange was giving it away for people to try, was worth a fraction of a penny.

It now worth about a fiver.

So yeah, I'm in (in a small way).

[z4chris99]

jonamv8 said:

haha I know!!! I'm not saying start investing heavily now I was just wondering whether anyone had done well out of them up to now. I know a few people who have.

I have 100 of them, i bought them in 2011 when i wanted to buy 2g of something off silk road but pussied out in the end. Couldnt work out how to sell my bitcoins so just forgot amout them.

[jonamv8]

Thats about 55k worth in GBP?!?!

[jonamv8]

PS - id love to know what you were buying on silk road for 2 grand haha

[Stig]

jonamv8 said:

PS - id love to know what you were buying on silk road for 2 grand haha

2 grand or 2 grams!

[ringram]

Nice, Id be selling them IMO.

[jonamv8]

Stig said:

2 grand or 2 grams!

100BTC for 2 Grams - be very careful, going to be strong!!!

btw - I'd also cash out my 55k now!!

[z4chris99]

dont want to pay CGT.. cashing out slowly unfortunatly. going to be trying to pay people in them also.

otherwise id be rolling in a nice 348

p.s 100BTC was about £80/£100 when I got them

[jonamv8]

z4chris99 said:

dont want to pay CGT.. cashing out slowly unfortunatly. going to be trying to pay people in them also.

otherwise id be rolling in a nice 348

p.s 100BTC was about £80/£100 when I got them

2 Grams then!