Crypto Currency Thread
Discussion
tcoins pump to the skies!!Chicken Chaser said:
Is the price of this Crypto stuff simply based on supply and demand? I'm confused as to what causes the market to fluctuate. Theres some new currencies which have seen fairly decent rises over the last month or so and wondered whether it was best just to jump in with a token £50-100
No, it's usually a lot more complicated than that. The demand in particular is highly manipulable. The extent of this varies from coin to coin, token to token. Just jumping in is gambling at best. Understand what you are investing in.I'm still a supporter of blockchain and CC, but don't think I can be a speculator/investor anymore.
Kraken still have my money (well into 4 figures), which I have tried to withdraw to fiat - it's sat as 'sending' (SEPA transfer within Europe) and has been for over 2 weeks now. 'Support' aren't helping, so at the moment I'm in limbo and may never see the money!
Be careful people!
Kraken still have my money (well into 4 figures), which I have tried to withdraw to fiat - it's sat as 'sending' (SEPA transfer within Europe) and has been for over 2 weeks now. 'Support' aren't helping, so at the moment I'm in limbo and may never see the money!
Be careful people!
What options do people use when trying to cash back out to GBP? I'm hodling everything on a Secure offline wallet now, but it seems when you do want to sell and bank, it's mostly only available as euro transfers via SEPA on most exchanges.
I know you can use local bitcoins, but that's seems a bit risky for me. Mostly because any sellers on there, sending different unrelated amounts of money to multiple accounts will look like money launderers to bank systems eventually. And I don't want to risk having my current account shut down due to that
I know you can use local bitcoins, but that's seems a bit risky for me. Mostly because any sellers on there, sending different unrelated amounts of money to multiple accounts will look like money launderers to bank systems eventually. And I don't want to risk having my current account shut down due to that
Greshamst said:
What options do people use when trying to cash back out to GBP? I'm hodling everything on a Secure offline wallet now, but it seems when you do want to sell and bank, it's mostly only available as euro transfers via SEPA on most exchanges.
I know you can use local bitcoins, but that's seems a bit risky for me. Mostly because any sellers on there, sending different unrelated amounts of money to multiple accounts will look like money launderers to bank systems eventually. And I don't want to risk having my current account shut down due to that
Check the UK Bitcoin reddit. It's a subject discussed there often & you'll have up to date experiences. SEPA € & a challenger bank like Revolut or Fire seems popular.I know you can use local bitcoins, but that's seems a bit risky for me. Mostly because any sellers on there, sending different unrelated amounts of money to multiple accounts will look like money launderers to bank systems eventually. And I don't want to risk having my current account shut down due to that
https://youtu.be/n9gAA_jcKFU
I'd highly recommend this conference video for seasoned crypto people and neophytes alike. A lot is covered very intelligently from a good panel. ICOs, country bans, difference between BTC & ETH, other cryptos, banker FUD etc. Use your commute / lunch hour and catch up. If you're investing any meaningful money, you should understand this space and this talk will take you quite a long way.
I'd highly recommend this conference video for seasoned crypto people and neophytes alike. A lot is covered very intelligently from a good panel. ICOs, country bans, difference between BTC & ETH, other cryptos, banker FUD etc. Use your commute / lunch hour and catch up. If you're investing any meaningful money, you should understand this space and this talk will take you quite a long way.
Yipper said:
Looks like the major economies are starting to clamp down on the cryptos. China first, of course, now South Korea and Russia this week.
This is going to cap any upside in cryptos for now.
Thanks Yipper - as ever you are an expert in every single thread on PH This is going to cap any upside in cryptos for now.
unfortunately your points are not facts;
South Korea actually banned ICOs not cryptos - link - I suspect you only read the headline and not the detail.
Russia cannot make its mind up - link - I suspect this is a big power battle between those in power who think they can make even bigger fortunes and those who fear the loss of power an independent currency would bring.
x5x3 said:
and Roger showed extreme constraint and managed several words before mentioning 2x....
I'm certainly no fan of Ver's, but I thought he was unusually measured. Maybe it was the jetlag. The vast majority of content from these panellists throughout the session is accurate and well expressed for a wide audience.Gassing Station | Finance | Top of Page | What's New | My Stuff