Crypto Currency Thread

Crypto Currency Thread

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tertius

6,856 posts

230 months

Wednesday 12th December 2018
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Some Gump said:
@Condi, would love to see how long this transaction takes. Also, how much value is lost during the lag period. I know bitcoin is "the future" but 2 weeks is a long time in this volatility!
You can check that yourself - just put the address Condi posted into a Bitcoin explorer and it will show the transactions to that address and their status - it currently has three confirmations, so depending on the wallet Condi is using may already be spendable, though 6 is usually considered "fully" confirmed.

Actually looking properly it seems to have already been moved.


Edited by tertius on Wednesday 12th December 18:23

Behemoth

2,105 posts

131 months

Wednesday 12th December 2018
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tertius said:
Actually looking properly it seems to have already been moved.
Seems so


Edited by Behemoth on Wednesday 12th December 18:31

tertius

6,856 posts

230 months

Wednesday 12th December 2018
quotequote all
Behemoth said:
tertius said:
Actually looking properly it seems to have already been moved.
Seems so
My first thought was Condi used an exchange as a wallet and its the exchange sweeping transactions. Or possibly Condi has a lot more BTC than s/he has previously let on ...

Condi

17,193 posts

171 months

Wednesday 12th December 2018
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Full respect to Dimots for settling the debt. Thank you for doing so, and he's shut a few people up on here. (Although cue the arguing about the technicalities of how the bet was settled).

However, it is the season of good will, and there are people in the world who are far worse off than Dimots or I, so would Dimots have any objections if it was donated to a charity?



EDIT - Bitcoin has been confirmed as arriving. Cost 0.00015 bitcoin transaction fees. And this is the only bitcoin I own or have ever owned.

Edited by Condi on Wednesday 12th December 18:35

dimots

3,085 posts

90 months

Wednesday 12th December 2018
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You can do whatever you want with it! I think it would be great to give it to charity of course.

James_B

12,642 posts

257 months

Wednesday 12th December 2018
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Lemming Train said:
Nonsense! I believe that James_B is also due to send people some monies if Dimots sends the BTC so no bailing out please biglaugh .
No, if he sends USD. I made the point enough times upthread...

The bet was struck in USD, if he doesn’t settle I’mbip £200.

James_B

12,642 posts

257 months

Wednesday 12th December 2018
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Although in the spirit displayed above I’d be happy to donate £200 to a charity.

dimots

3,085 posts

90 months

Wednesday 12th December 2018
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Well at least we know what kind of man you are now.

Condi

17,193 posts

171 months

Wednesday 12th December 2018
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Stop press....


Found a place to spend my bitcoin. Just need it to go to about $5000 in 2 days. HODL, everyone HODL!

https://www.sexisland.co/


hehe

rufusgti

2,530 posts

192 months

Wednesday 12th December 2018
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James_B said:
Although in the spirit displayed above I’d be happy to donate £200 to a charity.
Not sure it's up to you, surely you settle the bet and the winner decides what is done with the winnings.
Unbelievable!

Dimots and Condi, clearly gentleman. Top form from the pair of you.

DonkeyApple

55,281 posts

169 months

Wednesday 12th December 2018
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Condi said:
However, it is the season of good will, and there are people in the world who are far worse off than Dimots or I, so would Dimots have any objections if it was donated to a charity?

Edited by Condi on Wednesday 12th December 18:35
A food bank would be a nice gesture considering how many BTC gamblers will be spending Christmas.

trowelhead

1,867 posts

121 months

Wednesday 12th December 2018
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rufusgti said:
James_B said:
Although in the spirit displayed above I’d be happy to donate £200 to a charity.
Not sure it's up to you, surely you settle the bet and the winner decides what is done with the winnings.
Unbelievable!

Dimots and Condi, clearly gentleman. Top form from the pair of you.
+1 fair play to both biggrin

selmahoose

5,637 posts

111 months

Thursday 13th December 2018
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So where's the weasel gone?

He owes a payment to my charity of choice.


aquarianone

498 posts

177 months

Thursday 13th December 2018
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Why not just set up a Coinbase account - and ping it back to yourself in GBP, no point faffin around!

Lemming Train

5,567 posts

72 months

Thursday 13th December 2018
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tumbleweed

anonymous-user

54 months

Thursday 13th December 2018
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aquarianone said:
Why not just set up a Coinbase account - and ping it back to yourself in GBP, no point faffin around!
Unless they have changed things since I last tried this is not possible. They only allow SEPA payments, so the process is:

1)Ensure your bank account accepts SEPA payments (not all do)
2)Transfer some money from your bank account to Coinbase using SEPA to authenticate the account. This will cost £25 in fees if you use Santander
3)Once this has been authenticated sell your Bitcoin (obviously at less than spot) and transfer the GBP back to your bank account using SEPA (again paying £25 if you use Santander)

Crypto it's the future I tell you.

Bitcoin just dropped under $3300 total cap now $105 billion.

selmahoose

5,637 posts

111 months

Thursday 13th December 2018
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Joey Deacon said:
Bitcoin just dropped under $3300 total cap now $105 billion.
Am I getting this right? This Bitcoin was worth ZERO in 2010, and now it's worth $105 billion, and the people who're holding it are somehow stupid losers drawn into a con?

Erm, is this some kind of Pistonheadsthink?

Believe me, if I had something that was worth nothing in 2010 and $105 billion now I'd be kinda very dam' happy about it.

Anyway, where's that weasel ?

A charity is owed a wager he lost.

aquarianone

498 posts

177 months

Thursday 13th December 2018
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They've added the GBP wallet a few months ago, so you can just send the cash back to yourself.party

g4ry13

16,985 posts

255 months

Thursday 13th December 2018
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Why not just use a mobile banking app like Revolut? If that doesn't work because they've blocked exchanges then use someone else?

Then you don't have to pay exchange rate fees or SEPA fees. I use Kraken exchange, no problems or costs associated with it.

DonkeyApple

55,281 posts

169 months

Friday 14th December 2018
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selmahoose said:
Am I getting this right? This Bitcoin was worth ZERO in 2010, and now it's worth $105 billion, and the people who're holding it are somehow stupid losers drawn into a con?

Erm, is this some kind of Pistonheadsthink?

Believe me, if I had something that was worth nothing in 2010 and $105 billion now I'd be kinda very dam' happy about it.
Take a break from being deliberately disingenuous.

You know exactly where on this type of curve 99% of retail speculators get in. It’s the very thing that defines the curve.



You also fully understand what happens to speculators spending habits during periods of anomalous, unrealised gains and why that further exacerbates the end losses. Likewise you also fully understand to impact of leverage and that it was a key driver in pushing this bubble up.

By all means vent your desperate need to trawl PH looking for anyone in financial services to blame for your own mistakes and to satiate that lifelong chip on your shoulder but pretending you don’t know exactly how bubbles and scams work is a farce too far as you know exactly and all too well exactly how these events work wink
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