Bit Coins
Re: Bit Coins
I picked up two back in 2013 for £10 each that I'd totally forgotten about till a couple of months ago. Price has gone crazy the last few weeks.
I've used this place without any issues:
https://www.coinfloor.co.uk/
If you want an app to buy and sell then Coin Base is very easy to use.
Sent from my iPhone using Tapatalk Pro
I've used this place without any issues:
https://www.coinfloor.co.uk/
If you want an app to buy and sell then Coin Base is very easy to use.
Sent from my iPhone using Tapatalk Pro
RS4 Avant - Misano Red
Re: Bit Coins
Was that 2 whole coins back then, at work people have .02 of a coinThe_Coat wrote: ↑Sat Dec 02, 2017 10:28 amI picked up two back in 2013 for £10 each that I'd totally forgotten about till a couple of months ago. Price has gone crazy the last few weeks.
I've used this place without any issues:
https://www.coinfloor.co.uk/
If you want an app to buy and sell then Coin Base is very easy to use.
Sent from my iPhone using Tapatalk Pro
Last edited by RS04YOB on Sat Dec 02, 2017 10:41 am, edited 1 time in total.
Re: Bit Coins
I believe you can buy an ETF (exchange traded fund) that tracks the price of bitcoins.
I’m waiting for a short/inverse ETF to start trading, and will probably be putting a small position in that.
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I’m waiting for a short/inverse ETF to start trading, and will probably be putting a small position in that.
Sent from my iPhone using Tapatalk
2007 RS4 B7 Avant
Phantom Black | Black Optics | MRC Stage 2 | JC Weldfab Exhaust | KW V3 coilovers | H&R ARBs | 20" Ispiri ISR-8 | Titanium wing mirrors | Driving Passion Diffuser | CF Air Intake | Manifold deflap | Alcantara/leather retrim | TT RS Steering Wheel | Pioneer Apple Carplay HU, JL amp and sub, Focal components | Clear Headlight Lenses, Black Internals, 6000K Bulbs | Trups LEDs | LED Tail lights |
Re: Bit Coins
Some fellow RS6 owners were talking about them ages ago and I thought there is no way it was still gonna rise. Wrong! But now I'm the same, how much more can it keep rising! I should have invested when they told me to.
Last edited by MikeFish on Sat Dec 02, 2017 7:20 pm, edited 1 time in total.
Re: Bit Coins
Is it too late now to buy them do you think?
Re: Bit Coins
Yes two whole coins back in 2013RS04YOB wrote:Was that 2 whole coins back then, at work people have .02 of a coinThe_Coat wrote: ↑Sat Dec 02, 2017 10:28 amI picked up two back in 2013 for £10 each that I'd totally forgotten about till a couple of months ago. Price has gone crazy the last few weeks.
I've used this place without any issues:
https://www.coinfloor.co.uk/
If you want an app to buy and sell then Coin Base is very easy to use.
Sent from my iPhone using Tapatalk Pro
Sent from my iPhone using Tapatalk Pro
RS4 Avant - Misano Red
Re: Bit Coins
Bloody hell how much they pay for them then one coin now is worth 8kThe_Coat wrote: ↑Sat Dec 02, 2017 11:01 amYes two whole coins back in 2013RS04YOB wrote:Was that 2 whole coins back then, at work people have .02 of a coinThe_Coat wrote: ↑Sat Dec 02, 2017 10:28 amI picked up two back in 2013 for £10 each that I'd totally forgotten about till a couple of months ago. Price has gone crazy the last few weeks.
I've used this place without any issues:
https://www.coinfloor.co.uk/
If you want an app to buy and sell then Coin Base is very easy to use.
Sent from my iPhone using Tapatalk Pro
Sent from my iPhone using Tapatalk Pro
Re: Bit Coins
Yes about 8k a coin now.
A guy I work with picked up 1k's worth back in 2013 for £10 a coin!!
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RS4 Avant - Misano Red
Re: Bit Coins
In my opinion, not too late. But a lot more risky and a lot less profitable. I don’t expect the price to grow indefinitely.
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Sent from my iPhone using Tapatalk
ilya, photographer http://www.ikrylov.com
RS4 B7 aka Vinnie
AMD stage2|De-coked|GruppeM|CAF|Eibach arbs|BilsteinB14|Goodridge hoses|DS3000|phaeton brake ducts|Led tail lights|Trups DTRL|LED interior|JcWeldFab|034 motorsport endlinks, mounts and bushings|ECS Differential Mount|JHM short shift|JHM intake spacers|8/10mm H&R|R2D2 10" sub and AMP|Corbeau seats|4point harness
RS4 B7 aka Vinnie
AMD stage2|De-coked|GruppeM|CAF|Eibach arbs|BilsteinB14|Goodridge hoses|DS3000|phaeton brake ducts|Led tail lights|Trups DTRL|LED interior|JcWeldFab|034 motorsport endlinks, mounts and bushings|ECS Differential Mount|JHM short shift|JHM intake spacers|8/10mm H&R|R2D2 10" sub and AMP|Corbeau seats|4point harness
Re: Bit Coins
With a limited supply of BTC at 22 million the price will continue to rise. We expected the $10k barrier to be hit by March so has superseded our expectations.
I disagree with pule on the point of risk; it’s all depends on what sort of position your taking.
Never take more than 10% of of your overall net cash as a position. Also you don’t have to buy a whole coin, you can buy in satoshi’s.
Look at BCH or ETH as well.
My family uses crypto currency regularly.
Another point is that you can buy and sell through ATMs. Very easy to use.
Sent from my iPhone using Tapatalk
I disagree with pule on the point of risk; it’s all depends on what sort of position your taking.
Never take more than 10% of of your overall net cash as a position. Also you don’t have to buy a whole coin, you can buy in satoshi’s.
Look at BCH or ETH as well.
My family uses crypto currency regularly.
Another point is that you can buy and sell through ATMs. Very easy to use.
Sent from my iPhone using Tapatalk
Re: Bit Coins
There’s a well documented example from back in the day where someone used 2000 btc to buy some pizzas!!The_Coat wrote:Yes about 8k a coin now.
A guy I work with picked up 1k's worth back in 2013 for £10 a coin!!
Sent from my iPhone using Tapatalk Pro
Sent from my iPhone using Tapatalk
Re: Bit Coins
So when you want to cash them in do you just the money paid into a bank account. Is there away to avoid Capital Gains Tax on them.
Bit Coins
Yes you can withdraw them to your bank or via a Crypto atm. I think there’s about 8 or so in London.
This is just the same as the cash you used hold in your wallet except now it’s digital.
Why would you pay capital gains?
If you had to then yes of course there are ways to avoid it.
The idea behind Crypto currency’s is to move away from centralised banks where they pay you nothing whilst using your money to make more money for themselves!
If you looking around, a lot of the large retailers are now accepting bitcoin. Expedia, Amazon, Walmart etc etc
If I was selling my car I’d take bitcoin rather than cash as there’s no reporting.
Sent from my iPhone using Tapatalk
This is just the same as the cash you used hold in your wallet except now it’s digital.
Why would you pay capital gains?
If you had to then yes of course there are ways to avoid it.
The idea behind Crypto currency’s is to move away from centralised banks where they pay you nothing whilst using your money to make more money for themselves!
If you looking around, a lot of the large retailers are now accepting bitcoin. Expedia, Amazon, Walmart etc etc
If I was selling my car I’d take bitcoin rather than cash as there’s no reporting.
Sent from my iPhone using Tapatalk
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