Discussion
p1stonhead said:
Probably!
It wasnt in 2008. It wasnt available to buy until 2010.
https://www.buybitcoinworldwide.com/price/
And no one in their right mind invested £5k in it when you could mine them easily back then.
See - 50 a day;
F me, is that real?It wasnt in 2008. It wasnt available to buy until 2010.
https://www.buybitcoinworldwide.com/price/
And no one in their right mind invested £5k in it when you could mine them easily back then.
See - 50 a day;
Edited by p1stonhead on Wednesday 13th December 16:04
budgie smuggler said:
p1stonhead said:
Probably!
It wasnt in 2008. It wasnt available to buy until 2010.
https://www.buybitcoinworldwide.com/price/
And no one in their right mind invested £5k in it when you could mine them easily back then.
See - 50 a day;
F me, is that real?It wasnt in 2008. It wasnt available to buy until 2010.
https://www.buybitcoinworldwide.com/price/
And no one in their right mind invested £5k in it when you could mine them easily back then.
See - 50 a day;
Edited by p1stonhead on Wednesday 13th December 16:04
A lad at work was having CGT issues @ £80 a coin... and still had plenty in reserve.
budgie smuggler said:
p1stonhead said:
Probably!
It wasnt in 2008. It wasnt available to buy until 2010.
https://www.buybitcoinworldwide.com/price/
And no one in their right mind invested £5k in it when you could mine them easily back then.
See - 50 a day;
F me, is that real?It wasnt in 2008. It wasnt available to buy until 2010.
https://www.buybitcoinworldwide.com/price/
And no one in their right mind invested £5k in it when you could mine them easily back then.
See - 50 a day;
Edited by p1stonhead on Wednesday 13th December 16:04
jurbie said:
I often wonder what will bring it down and as above it'll probably be entirely obvious but come from far left of field which is why no one will see it. I then wonder if it will bring it down because it seems to me the core people investing in this have an entirely different mindset from any other previous investors.
It seems Bitcoin investors break down into 3 groups, the first are completely committed to what Bitcoin stands for and are certain the days of conventional banking are numbered and they don't care about the price beyond it making the use of BTC as currency fairly difficult. Whatever happens these guys aren't selling
The second group are there for the money but for them it's a long term bet, in 5 or 10 years it will reach $100,000, $500,000, $1,000,000. Again, they aren't selling and will treat any dip in price as a buying opportunity.
The third group are the get rich quick people who are piling in to get these massive gains we are seeing and are really driving the price up and will be the first to sell, likely at a loss, when the price falls.
So group 3 drive the price whilst groups 1 and 2 maintain the price which explains why pull backs are relatively small and recover quickly. Unless the technology becomes fatally compromised then the price will keep going.
Of course the surefire sign that the bubble is about to burst is when people come up with reasons why this is entirely different from all the preceding bubbles and so will never burst.
Group 3It seems Bitcoin investors break down into 3 groups, the first are completely committed to what Bitcoin stands for and are certain the days of conventional banking are numbered and they don't care about the price beyond it making the use of BTC as currency fairly difficult. Whatever happens these guys aren't selling
The second group are there for the money but for them it's a long term bet, in 5 or 10 years it will reach $100,000, $500,000, $1,000,000. Again, they aren't selling and will treat any dip in price as a buying opportunity.
The third group are the get rich quick people who are piling in to get these massive gains we are seeing and are really driving the price up and will be the first to sell, likely at a loss, when the price falls.
So group 3 drive the price whilst groups 1 and 2 maintain the price which explains why pull backs are relatively small and recover quickly. Unless the technology becomes fatally compromised then the price will keep going.
Of course the surefire sign that the bubble is about to burst is when people come up with reasons why this is entirely different from all the preceding bubbles and so will never burst.
65% up in a little over 2 weeks
If it lost that 65% tomorrow, & I sold up, I would have done better than my financial wizard fund manager has in the last 6 months...
All good fun
Budflicker said:
Gecko1978 said:
also group 3 put in a grand into a few in 2 weeks am up 1200 quid if it goes to s
t I losse a grand if not a get a ducati i always wanted
Any chance of repeating that in English please dear fellow?t I losse a grand if not a get a ducati i always wanted that clear now 😁
Gecko1978 said:
Budflicker said:
Gecko1978 said:
also group 3 put in a grand into a few in 2 weeks am up 1200 quid if it goes to st I losse a grand if not a get a ducati i always wanted
Any chance of repeating that in English please dear fellow?t I losse a grand if not a get a ducati i always wanted that clear now ??
I bought a load of stocks in the middle of the GFC and I made about 100k on that. Maybe this will also work out. If it doesn't, I haven't lost that much.
z4RRSchris said:
i bought 100 when they were £1 each. in order to buy something off silk road. couldnt work out how to in the end so kept the 100 coins.
no i dont have them still
No chance you have the wallet anywhere? I've been running pywallet recovery on old drives in case I've got some I forgot about!no i dont have them still
Ted2 said:
steveT350C said:
The FBI sold the 144,336 bitcoins its confiscated from Silk Road for $48 million. They would now be worth $2.4 billion
Is Coinbase still blocking tainted BTC ?hairykrishna said:
z4RRSchris said:
i bought 100 when they were £1 each. in order to buy something off silk road. couldnt work out how to in the end so kept the 100 coins.
no i dont have them still
No chance you have the wallet anywhere? I've been running pywallet recovery on old drives in case I've got some I forgot about!no i dont have them still
p1stonhead said:
These people were geeks doing computer calculattions to get a worthless currency which may exist one day. Yes it was real. It was piss easy back then my mate did it all the time but of course sold them when they hit like £6 or something.
Yes I mined a few coins around 2010 when I used to get electricity included in my rent but nowhere near that amount. Gassing Station | News, Politics & Economics | Top of Page | What's New | My Stuff