Discussion
rxtx said:
fishseller said:
Did you buy any ? today worth 5K a coin
I was working in foreign exchange when 1 BTC was $1 and I considered buying $500 worth at one point just for a punt, after a discussion at work. Do I have any regrets? Yeah maybe
fishseller said:
rxtx said:
fishseller said:
Did you buy any ? today worth 5K a coin
I was working in foreign exchange when 1 BTC was $1 and I considered buying $500 worth at one point just for a punt, after a discussion at work. Do I have any regrets? Yeah maybe
fishseller said:
fishseller said:
rxtx said:
fishseller said:
Did you buy any ? today worth 5K a coin
I was working in foreign exchange when 1 BTC was $1 and I considered buying $500 worth at one point just for a punt, after a discussion at work. Do I have any regrets? Yeah maybe
rufusgti said:
Oh my. There's must be so many stories like this. My mother laughed when someone offered to pay for some web design with bitcoin when they were around $2 each.
Such is life.
Chances are the people that bought at 20 sold at 40 and so on.Such is life.
There'll be those who bought at 50c and sold at 5k, but I suspect they'll be in the minority.
It's all too easy to look at things that rise dramatically and play the "if only" game.
There will also be those who buy at 10k only to see their value get nailed back to 5k. Or lose them all in a hardware failure etc.
These look quite like classic car prices to me (don't talk to me about those
). People assuming they'll only go one way. Was reading Classic Cars yesterday and one pundit reckons some cars are now cheap and definitely worth investing in solely on the basis that the same cars have sold for more in the past...an investment genius at play. I notice that China may ban the transactions of Bitcoins within its domain.
Recent value of Bitcoin dropped on this news.
But then what if all governments decided to make Bitcoin transactions illegal ?
Would the belief, between customer and seller, that a Bitcoin has value still continue if that were the case?
Recent value of Bitcoin dropped on this news.
But then what if all governments decided to make Bitcoin transactions illegal ?
Would the belief, between customer and seller, that a Bitcoin has value still continue if that were the case?
Atomic12C said:
I notice that China may ban the transactions of Bitcoins within its domain.
Recent value of Bitcoin dropped on this news.
But then what if all governments decided to make Bitcoin transactions illegal ?
Would the belief, between customer and seller, that a Bitcoin has value still continue if that were the case?
I think it would marginalise/kill it. Which is the point of the warning. I think the US are threatening the same?Recent value of Bitcoin dropped on this news.
But then what if all governments decided to make Bitcoin transactions illegal ?
Would the belief, between customer and seller, that a Bitcoin has value still continue if that were the case?
Governments won't want this usurping traditional currencies without having a major piece of the action (which defeats the original objective).
Murph7355 said:
I think it would marginalise/kill it. Which is the point of the warning. I think the US are threatening the same?
Governments won't want this usurping traditional currencies without having a major piece of the action (which defeats the original objective).
They won't/can't ban Bitcoin. If they ban Bitcoin then they'll also have to outlaw all other crypto assets, some of which (Ripple and Eth) are already being adopted by big banks and insurers.Governments won't want this usurping traditional currencies without having a major piece of the action (which defeats the original objective).
The main concern I have with Bitcoin is its pseudo anonymous nature. It isn't as private as many people think and down the line that could affect its fungibility as a currency when it comes to identifying illegal activity. For example, a tainted £5 note is a lot harder to track in the system than a bitcoin where addresses of every transaction are stored on the blockchain. Once a bitcoin has been identified as having been used illegally, then it's easier to stop its usage and will become worth less than another bitcoin which hasn't.
This is where currencies like Monero and Zcash could take off in the long run as they offer full transaction anonymity.
A success story, speaking to a friend the other day, someone in his uni class bought £250 in bitcoins a few years ago. He just sold them and bought a barge boat in Amsterdam with the profit. I'd imagine a 30,000% increase minimum.
I reckon the price will continue to rise especially as more success stories surface, I'm debating whether its too late to join the party or not
I reckon the price will continue to rise especially as more success stories surface, I'm debating whether its too late to join the party or not
StottyGTR said:
A success story, speaking to a friend the other day, someone in his uni class bought £250 in bitcoins a few years ago. He just sold them and bought a barge boat in Amsterdam with the profit. I'd imagine a 30,000% increase minimum.
I reckon the price will continue to rise especially as more success stories surface, I'm debating whether its too late to join the party or not
They've taken a nosedive recently, so maybe not....I reckon the price will continue to rise especially as more success stories surface, I'm debating whether its too late to join the party or not
Lots of the press about 'banning' relates to ICOs (initial coin offerings); effectively where a new 'coin' is offered at a starting price - the new coin is basically a share in a business idea which may or may not succeed.
With the price rises of Bitcoin (and Etherium) lots of 'investors' want to get in at the bottom of the next big thing, and the usual scam artists are trying to take their cash. As such ICOs are incredibly risky and therefore coming under pressure to be banned in some countries.
An ICO is just an IPO without the regulation. Hence the calls to ban/regulate.
Bitcoin is getting lumped in with this, somewhat incorrectly. Clearly there are still massive risks, but it isn't an ICO type scam. Important to understand the difference as it's usually mis-linked.
With the price rises of Bitcoin (and Etherium) lots of 'investors' want to get in at the bottom of the next big thing, and the usual scam artists are trying to take their cash. As such ICOs are incredibly risky and therefore coming under pressure to be banned in some countries.
An ICO is just an IPO without the regulation. Hence the calls to ban/regulate.
Bitcoin is getting lumped in with this, somewhat incorrectly. Clearly there are still massive risks, but it isn't an ICO type scam. Important to understand the difference as it's usually mis-linked.
Murph7355 said:
For exactly the reasons you note, governments could and likely will either ban or heavily restrict/regulate use.
They can certainly give it a go and I can see why they might. Cryptos have the ability to massively undermine Nation States and their central banks. But like copyright laws, they will find in practice it to be very difficult to enforce.pti said:
They've taken a nosedive recently, so maybe not....
Yep, buy the dip.Edited by Trolleys Thank You on Thursday 14th September 13:34
Video I found interesting
https://youtu.be/wBYv6rdAdS4
The real trick is Blockchain.
https://youtu.be/sDNN0uH2Z3o
https://youtu.be/wBYv6rdAdS4
The real trick is Blockchain.
https://youtu.be/sDNN0uH2Z3o
Trolleys Thank You said:
Murph7355 said:
For exactly the reasons you note, governments could and likely will either ban or heavily restrict/regulate use.
They can certainly give it a go and I can see why they might. Cryptos have the ability to massively undermine Nation States and their central banks. But like copyright laws, they will find in practice it to be very difficult to enforce.
fblm said:
Not really. Governments can regulate and control the exchanges where you move your money into and out of cryptos, they could also require you to specifically disclose your crypto activity on your tax return. Sure you could go 'dark' if you really know what you're doing and evade taxes and reporting requirements but you can do that with cash too. Ultimately if cryptos threaten to materially undermine the tax base governments can easily make it very difficult for you to return that money into the banking system and then you'll only be able to spend it on heroin and sex slaves
"only"? What are you wasting the rest on? 
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