Bit Coins

[Mark-RS]

People have been talking about the bubble for the last god knows how many years and yet here we are still..... When it was £1k a coin people were saying... Oh don't invest it's a bubble. It will burst. You will lose.

Now it's approaching £13k per coin.

[FaisalJ]

Point is there was previously no effective mechanism for the bubble to burst (e.g. short sellers) and any catalyst (those same short sellers, or more regulation).

Those things seem to be changing.

Does that mean it’ll tank next week? Who knows. But there’s a bigger risk of it happening now.

If it was me, and I’d made a shed load in bitcoin already, I’d be tempted to cash out for a couple of weeks to see what (if anything happens), or perhaps trim the position - crystallising some profit, yet keeping some skin in the game.

Just my £0.02


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[shindy]

People have been talking about the bubble for the last god knows how many years and yet here we are still..... When it was £1k a coin people were saying... Oh don't invest it's a bubble. It will burst. You will lose.

Now it's approaching £13k per coin.

exactly mark.........wont be cashing out anytime soon...just waiting on the 50k bitcoin next year........is it possible who knows

[iconic78]

The thing that puts me off Bitcoin is that, due to it's virtual nature, it can, and probably will, be replaced at some point. There's a big danger that it could essentially be made redundant within a short time frame, which Faisal correctly alludes to.

If I had any sort of balance sitting there, I would be getting very itchy feet right now.

As with any investment there is never 100% risk free and as Faisal has said only invest what you can afford.

Hilario - why would btc be made redundant?

The people that are nervous are the ones that don’t fully understand cryptocurrency and the benefits it brings to real life situations.

This won’t crash but will eventually level off but this will happen in some time.

Also people need to stop trying to treat this as a commodity or stock, its not. It’s a currency plain and simple. In 2018 you’ll see being more widely accepted around the world, heck even Mastercard issues a bitcoin debit card right now.

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[don0301]

The thing that puts me off Bitcoin is that, due to it's virtual nature, it can, and probably will, be replaced at some point. There's a big danger that it could essentially be made redundant within a short time frame, which Faisal correctly alludes to.

If I had any sort of balance sitting there, I would be getting very itchy feet right now.

As with any investment there is never 100% risk free and as Faisal has said only invest what you can afford.

Hilario - why would btc be made redundant?

The people that are nervous are the ones that don’t fully understand cryptocurrency and the benefits it brings to real life situations.

This won’t crash but will eventually level off but this will happen in some time.

Also people need to stop trying to treat this as a commodity or stock, its not. It’s a currency plain and simple. In 2018 you’ll see being more widely accepted around the world, heck even Mastercard issues a bitcoin debit card right now.

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Steam, the largest online gaming Shop in the U.S. and europe, has stopped accepting payments made with bitcoins....

http://www.bbc.co.uk/news/technology-42264622

Delusional...

[RS04YOB]

Bloody hell wish I never made this post now, amazes me why there is so much bitterness about this maybe it's because people missed the boat and are now kicking themselves about it, if people have the money to gamble and can afford it whats the issue, maybe that is the issue who knows.

[MrHilario]

Bloody hell wish I never made this post now, amazes me why there is so much bitterness about this maybe it's because people missed the boat and are now kicking themselves about it, if people have the money to gamble and can afford it whats the issue, maybe that is the issue who knows.

Who is bitter???? This is just discussion, lol.

If anyone has made money out of this, then good luck to them.

[iconic78]

The thing that puts me off Bitcoin is that, due to it's virtual nature, it can, and probably will, be replaced at some point. There's a big danger that it could essentially be made redundant within a short time frame, which Faisal correctly alludes to.

If I had any sort of balance sitting there, I would be getting very itchy feet right now.

As with any investment there is never 100% risk free and as Faisal has said only invest what you can afford.

Hilario - why would btc be made redundant?

The people that are nervous are the ones that don’t fully understand cryptocurrency and the benefits it brings to real life situations.

This won’t crash but will eventually level off but this will happen in some time.

Also people need to stop trying to treat this as a commodity or stock, its not. It’s a currency plain and simple. In 2018 you’ll see being more widely accepted around the world, heck even Mastercard issues a bitcoin debit card right now.

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Steam, the largest online gaming Shop in the U.S. and europe, has stopped accepting payments made with bitcoins....

http://www.bbc.co.uk/news/technology-42264622

Delusional...

I am totally and utterly delusional but loving life right now.

If and when this so called bubble bursts I’ll look back and say, at least I tried. Wouldn’t be the 1st time someone has called me crazy. It’s only money at the end of the day...


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[iconic78]

Bloody hell wish I never made this post now, amazes me why there is so much bitterness about this maybe it's because people missed the boat and are now kicking themselves about it, if people have the money to gamble and can afford it whats the issue, maybe that is the issue who knows.

Not at all, you did the right thing for you and also Llya(Pule333). Look at the results now...


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[mikep99]

If and when this so called bubble bursts I’ll look back and say, at least I tried. Wouldn’t be the 1st time someone has called me crazy. It’s only money at the end of the day...


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too right - FOMO
i'm in so see what happens.
Dont put in more than is going to hurt if it goes belly up...
we all have a gamble on the grand national etc etc..

Mike

[pule333]

Bloody hell wish I never made this post now, amazes me why there is so much bitterness about this maybe it's because people missed the boat and are now kicking themselves about it, if people have the money to gamble and can afford it whats the issue, maybe that is the issue who knows.

Not at all, you did the right thing for you and also Llya(Pule333). Look at the results now...


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Spelled me name wrong James
ilya.. hence why I never write it with a capital i.


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[don0301]

Made another grand whilst I slept

Made £1800 while in bed

How much have you made the last 2 sleeps?

[RS04YOB]

Still on the £1800 mark been up and down

[don0301]

Still on the £1800 mark been up and down

That doesn't make sense

Are you trying to say you've made nothing in the last 2 sleeps? Trying to include your previous "£1800"?

[iconic78]

For the gains made they have rescinded somewhat. However still $4k up on the week.


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