bitcoin

absolute bobbins

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Feb 12, 2013
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9,196
#41
I wouldn't dabble in bitcoin at the moment unless you're seasoned, the volitity is too high for a newbie.
I would suggest investing in blockchain firms though, with firms like Seedrs you get to take a fractional stake in a early funding round of a company.
If it floats or (more likely) is acquired then you will get a decent ROI
 

Geyzer Soze

Fearlessly the idiot faced the crowd
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#42
Dafuq's going on with Ether today? :confused: Thought the whole point of it was that it should be more stable & scaleable than Bitcoin! Fail
 

HildoSpur

Likes Erik Lamela, deal with it.
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#43
Dafuq's going on with Ether today? :confused: Thought the whole point of it was that it should be more stable & scaleable than Bitcoin! Fail
I've never been convinced it's been anything more than a hype bubble and it's going to burst hard as soon as people can sell them on exchanges again.
 

Geyzer Soze

Fearlessly the idiot faced the crowd
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#44
I've never been convinced it's been anything more than a hype bubble and it's going to burst hard as soon as people can sell them on exchanges again.
Ether particularly, or Crypto in general?

I considered that Ether is a bit more useful and stable, since it's main application is not a currency as such, but a distributed computing plaform which one is basically buying a stake in. If one thinks of it in those terms, it is a bit more logical.
 

HildoSpur

Likes Erik Lamela, deal with it.
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#46
He is right in the sense that buying Bitcoin is a gamble - it is. I think he is making a very lazy comparison when he mentions tulips - that has been said for years now and it ignores what is so impressive about Bitcoin and that is the technology behind it - there is something in it, it has a worth - what that worth is however is open to debate.
 

Geyzer Soze

Fearlessly the idiot faced the crowd
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#47
He is right in the sense that buying Bitcoin is a gamble - it is. I think he is making a very lazy comparison when he mentions tulips - that has been said for years now and it ignores what is so impressive about Bitcoin and that is the technology behind it - there is something in it, it has a worth - what that worth is however is open to debate.
The 'Tulips' comparison is just silly IMO. Tulips have no inherent value at all, they are pretty and that's it. And they were perishable.

Bitcoin is leading the way in an entirely new economy of friction-less transactions with real transparency and it's spawning new decentralized Apps daily. WeChat is re-engineering it's platform onto the Blockchain. That's huge!

It may turn out to fail, sure, but the Tulip comparison is not valid lol
 

HildoSpur

Likes Erik Lamela, deal with it.
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#50
Past week has been a rollercoaster, it's firing on all cylinders now though. To the moon?
 

TriXed

Active Member
Joined
Aug 19, 2011
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422
#53
Got my first 3 ether in the crash.... sadly not all at £110

How much of an affect to we with a potential Bitcoin split may have on ETH, or is it actually good?
 

Geyzer Soze

Fearlessly the idiot faced the crowd
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#54
Got my first 3 ether in the crash.... sadly not all at £110

How much of an affect to we with a potential Bitcoin split may have on ETH, or is it actually good?
They're not strictly related, they're different animals. A bitcoin split (which now looks like it wont' happen, by the way) should have no direct effect on Ether. On a technical level. That being said, Humans are what they are, and the 2 are somewhat linked in peoples heads, so what's good for one often ends up being good for the other, so a Bitcoin run may well be mimicked by an Ether run.

Some people may also shelter in Ether whilst Bitcoin is unpredictable. They may see pulling out of Crypto as bailing, but changing their Crypto reserves into ETH from BTC to avoid the chaos and technical change requirements as not. Which would probably push up the price of ETH temporarily.

Anyone's guess really.
 

TriXed

Active Member
Joined
Aug 19, 2011
Messages
422
#55
They're not strictly related, they're different animals. A bitcoin split (which now looks like it wont' happen, by the way) should have no direct effect on Ether. On a technical level. That being said, Humans are what they are, and the 2 are somewhat linked in peoples heads, so what's good for one often ends up being good for the other, so a Bitcoin run may well be mimicked by an Ether run.

Some people may also shelter in Ether whilst Bitcoin is unpredictable. They may see pulling out of Crypto as bailing, but changing their Crypto reserves into ETH from BTC to avoid the chaos and technical change requirements as not. Which would probably push up the price of ETH temporarily.

Anyone's guess really.
Nice insight, thank you!
 

yawa

Well-Known Member
Joined
Aug 9, 2005
Messages
10,767
#57
I wouldn't dabble in bitcoin at the moment unless you're seasoned, the volitity is too high for a newbie.
I would suggest investing in blockchain firms though, with firms like Seedrs you get to take a fractional stake in a early funding round of a company.
If it floats or (more likely) is acquired then you will get a decent ROI
I hope some of you took bobbin's advice. I bought GBTC stock in late May after advice from a mate who follows the crypto market closely and the best investment i've made. Thinking i might cash out now.
 

Geyzer Soze

Fearlessly the idiot faced the crowd
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#58
I hope some of you took bobbin's advice. I bought GBTC stock in late May after advice from a mate who follows the crypto market closely and the best investment i've made. Thinking i might cash out now.
Hope you didn't ... ;)
 

HildoSpur

Likes Erik Lamela, deal with it.
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#59
I've had a very good few days with the one other coin I had other than Bitcoin - sold up and made a very tidy profit which has doubled my initial bitcoin investment. I've also been able to reinvest into that other coin using part of the profits so i still am in the game if it continues to shoot upwards. Not saying I'm some sort of genius (it's 99% luck) but I haven't put a penny into crypto for over 2 years now but have more than doubled my stash of Bitcoin just from alt-coin boosts.
 

HildoSpur

Likes Erik Lamela, deal with it.
Joined
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#60
I hope some of you took bobbin's advice. I bought GBTC stock in late May after advice from a mate who follows the crypto market closely and the best investment i've made. Thinking i might cash out now.
Yeah do not cash out. Sit tight for at least 3 years imo and hold tight. One of the best bits of advice I can give anyone dabbling in crypto is keep the trading to a minimum and hold any bitcoin you get - you can hope for gains by investing in a few alt-coins but you do that only to try and increase your main Bitcoin stash which is the name of the game.
 
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