Bit Coins

[RS04YOB]

https://finance.yahoo.com/news/banks-be ... 00285.html more info on this!!!

Only just getting the hang of Bitcoins

[Mark-RS]

£40 away from hitting £10k per coin !

[dougle_turbo]

bought 20 bitcoins last year when they were £400 a pop.........brilliant investment moved onto other coins now as investments!!

[shindy]

over 10k now

[Surrey Sam]

I'm sure that HMRC will appreciate the Capital Gains Tax obligation from all of this profiteering.

[iconic78]

I'm sure that HMRC will appreciate the Capital Gains Tax obligation from all of this profiteering.

I’m curious to know how they would tax it as transactions are anonymous.

[iconic78]

https://www.etherecash.io/ if anyone wants more info in investing on this let me know.....think it will be a sound investment before launch

As someone who’s in the world of blockchain and ICO’s, I’d give this a miss for a variety of reasons. The white paper is very flimsy in terms of actual content.


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[Mark-RS]

Made another grand whilst I slept

[RS04YOB]

Made £1800 while in bed

[FaisalJ]

I’ll admit to not knowing much about Bitcoin, but it just strikes me as being a bit unlikely that the current situation will continue.

There are also a lot of retail investors in this, that I don’t believe really know what they’re buying either.

It’s the payment method of choice for criminals, the treasury are missing out on tax, and there aren’t effective ways to short the currency. On that last point, I know hedge funds are looking at the currency (not necessarily to go long I might add), but few have actually gone in because their compliance departments are having a hard time with it. We could see a decent futures market at some point, and those short ETFs, which could cause a fair bit of downward pressure. If there’s a sustained drop, all those retail investors will be heading for the exit too, which could accelerate the drop. It’s not like a traditional currency where there is a central bank standing behind it with billions in reserves to sell to prop up the currency.


https://www.theguardian.com/technology/ ... -anonymity

I could be completely wrong, of course. It just feels like a bubble.

Well done to you guys that have done well - good move getting in. The key now is deciding when to get out.


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[RS04YOB]

I’ll admit to not knowing much about Bitcoin, but it just strikes me as being a bit unlikely that the current situation will continue.

There are also a lot of retail investors in this, that I don’t believe really know what they’re buying either.

It’s the payment method of choice for criminals, the treasury are missing out on tax, and there aren’t effective ways to short the currency. On that last point, I know hedge funds are looking at the currency (not necessarily to go long I might add), but few have actually gone in because their compliance departments are having a hard time with it. We could see a decent futures market at some point, and those short ETFs, which could cause a fair bit of downward pressure. If there’s a sustained drop, all those retail investors will be heading for the exit too, which could accelerate the drop. It’s not like a traditional currency where there is a central bank standing behind it with billions in reserves to sell to prop up the currency.


https://www.theguardian.com/technology/ ... -anonymity

I could be completely wrong, of course. It just feels like a bubble.

Well done to you guys that have done well - good move getting in. The key now is deciding when to get out.


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Thats the question will it fall, you can buy everything in Dubai using BTC car dealerships accept them there

[FaisalJ]

Actually - looks like futures trading starts sooner than i thought! This weekend apparently

https://www.reuters.com/article/us-bitc ... E10J7?il=0

[FaisalJ]

This article is worth a read too...

https://www.forbes.com/sites/naeemaslam ... f0097d5c93

[MrHilario]

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.

[pule333]

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.

Yes all fair points! But if you invested in to 1 coin 2 weeks ago. You would have doubled.
It’s this growth that makes price go higher and higher. In turn more people buying in.. when will the bubble burst? Who knows? Maybe never maybe tomorrow...



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